I don't follow. Why am I a "farmer"? How am I another user? How am I "not doing my own maths"? All I did was do my own math! I clearly showed every piece of math I used, and openly asked people to point out if I did anything incorrectly. When I noticed that I did, I corrected myself. Why is this a bad thing?
Because thats how JPR logic is, when he sees someone with signature then he would knock him down to say he is a sig farmer and while someone with legit question without any signature posts something bad about his site then it would be a an account farmer. The only things that he could take is positive post about his site and nothing else, its a shame how there are blatantly rude site operator here and moreover associated with MP
oh yea was waiting for you to show up here
Congrats on another
BTC.0013 and another step closer to your 30 posts per month in the gambling section!
edit:
forgot a link
https://bitcointalksearch.org/topic/m.12594543and another interesting message for you
https://bitcointalksearch.org/topic/m.12915227Not sure how selling an account in the past makes me a "farmer" or how any of that makes me another user on this board, but whatever nonsense you have to tell yourself to satiate your ego.
But just to be clear, you do not disagree that your house edge is 27.89%, right? Because logically, if I was wrong about that you'd have said that instead of making baseless attacks and spending hours combing through my post history. I showed all of the math I used so it's very easy for you or anyone else to point out an error.
So please, continue to spew nonsense but let's all keep in mind the one thing that isn't nonsense: your house edge. Which is 27.89%.
And I'll be honest with you. I was going to leave it at that. I read an interesting question about a site I've seen before, did some math, and posted my findings. I like to do math, it's fun. So your house edge is enormous, maybe people like giving you money I don't know. But now that you've reacted so insanely and personally, you've forced me to look even deeper. What are you hiding?
Remember: you did this
So we know that your house edge is 27.89%. That means that if 6.99BTC is wagered, 5.04BTC will be returned. So logically, the 1.95
BTC that is lost by the player is split between you and MP. That's how the arrangement works, right? Oh no but wait. On the MP page for your site, it says the "expected profit" is 9.27%. That means that with the risk the bets made on your site are giving to them, they expect to have a 9.27% house edge. So...if MP thinks they are getting 9.27% (which will be split with you), but the bets are ACTUALLY carrying an edge of 27.89%...where does the other 18.62% worth of house edge go? Well on the site it says "We will split 0.1 of each BTC won by a user in equal parts to all users and Mods in chat when the Jackpot/Prize is hit". So, with the 4
BTC prize won with the 50sat bet, that means that .4
BTC was rained out.
So, 6.99
BTC was wagered. 5.04
BTC was returned from 4/6, 5/6, and 6/6 wins. .4
BTC was rained out. So, MP thinks that on the 6.99
BTC wagered, their profit is .647973
BTC. That's what they make from the house edge generated from the bets. So after 5.04
BTC is paid out from the lotto hits, .4
BTC is rained out and .647973
BTC is raked by MP...that leaves .902027
BTC. Where does that money go? That's 12.9% of the overall amount bet!
Well let's see what the FAQs says:
"Q.: I bet 10 Satoshi and I win ~1.2585 BTC but get only 1 BTC. Why that?
A.: We pay out ~72% (all Lotteries pay out 40-60%)! We pay Affiliates, Chat Rain and we take a part for Promotions and costs etc."
Oh. So, ok, we've covered "chat rain", what about "affiliates"? Says on your site that "Each time a referral of yours wins the Jackpot, you will get a 8% commission (or 0.08 for each BTC won) of the reward amount." And there's a nice chart showing that on a 50sat jackpot win, the affiliate will get .4
BTC. But wait, it also says "Please note that we will always deduct the 8% commission (or 0.08 for each BTC won) from the winner's Jackpot to pay the affiliate, even if the winner was not referred by an affiliate. The reason for this is that we want to give the affiliates a fair deal, and hinder players who were referred to us by an affiliate who choose to circumvent the affiliate link when opening their own account to avoid the affiliate payments. And yes, we will keep the 10% commission in case the winner was not referred to us".
So, best case scenario, you are taking an extra 7.18% house edge for yourself that MP doesn't know about. But, in a lot of cases you are taking a full 12.9% extra house edge for yourself...that MP doesn't know about. That's in addition to the 5.72% extra house edge that you rain out...that MP doesn't know about.
Seems like something that MP should know about.