Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot! - page 1359.

Rora

sr. member

Activity: 244

Merit: 250

Quote from: MICRO on July 15, 2014, 03:59:37 PM

Quote from: Rora on July 15, 2014, 02:19:48 PM

I understand the concept of a house edge. By why is the max limit 98 not 98.99?

Because on JD u could roll with 4 decimals like 99.9999x payout on pd u cant its 99.99x , and on 2 decimals beting on 98.99 wouldn't give u any payout. Why would u bet on no payout? Min payout on pd is 1.01202x , u want less than that ? Well then u would need to go to other dice site that offers that.
PD offers u min payout 1.01202x and house edge 1% , that is just how it is, if u dont like that, im sorry, u would need to look elsewhere.

Cheers.

Much appreciated. That is all I was asking. Thank you for the explanation.

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: elvisrene on July 15, 2014, 08:18:30 PM

got it stunnu dont know what happened but thanks and sorry for doubting

Stunnu is a true savior!

elvisrene

sr. member

Activity: 252

Merit: 250

got it stunnu dont know what happened but thanks and sorry for doubting

elvisrene

sr. member

Activity: 252

Merit: 250

hey stunnu i been having cash out problems since yesterday right now i cash out 0.02 to my wallet and its still not there also i see you not answering any questions about people having withdrawal issue can you please let us know whats going on USER ID
1393796

Edit :

sorry stunn i saw you did answer last nights question is the site having problems again

MICRO

legendary

Activity: 2464

Merit: 1037

CEO @ Stake.com and Primedice.com

Quote from: Rora on July 15, 2014, 02:19:48 PM

I understand the concept of a house edge. By why is the max limit 98 not 98.99?

Because on JD u could roll with 4 decimals like 99.9999x payout on pd u cant its 99.99x , and on 2 decimals beting on 98.99 wouldn't give u any payout. Why would u bet on no payout? Min payout on pd is 1.01202x , u want less than that ? Well then u would need to go to other dice site that offers that.
PD offers u min payout 1.01202x and house edge 1% , that is just how it is, if u dont like that, im sorry, u would need to look elsewhere.

Cheers.

Rora

sr. member

Activity: 244

Merit: 250

I understand the concept of a house edge. By why is the max limit 98 not 98.99?

leex1528

hero member

Activity: 784

Merit: 1000

Think about it...

At 50% chance the house has 0% edge, it means it is an even coin flip.

At 49.5% chance the house has 1% edge, because technically if you roll high low, you are either going to be at below 49.5 or above 50.5.

Taking 50.5-49.5 is 1% hence, the house edge is 1%.

With your logic at 50% the house has 50% edge in an even coin flip, the house has no edge, not a 50% edge.

Rora

sr. member

Activity: 244

Merit: 250

Then why does just-dice have theirs set to 98.99? Im not trying to cause any crap Im simply trying to understand this.

onlinepro

hero member

Activity: 714

Merit: 500

Quote from: Rora on July 15, 2014, 01:45:15 PM

Instead of the forum admin deleting my post would you please response to my queries?

You got answer already, two times.

Quote from: onlinepro on July 15, 2014, 01:15:10 PM

Quote from: ?? on ??

At 98% it means a 2% house edge? You have advertised a 1% house edge.

No 98% doesn't mean 2% house edge.
Just like 50% win change doesn't mean 50% house edge.

Quote from: MICRO on July 15, 2014, 01:07:07 PM

Quote from: Rora on July 15, 2014, 12:37:30 PM

Nope, I just confirmed it. Its 98%. So that means 2% house edge surely? Huh

Nope it means 1% house edge but to be able to have payout u cant bet on 99% Cheesy

LOL.

Rora

sr. member

Activity: 244

Merit: 250

Instead of the forum admin deleting my post would you please response to my queries?

superSTAR777

sr. member

Activity: 252

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★777Coin.com★ Fun BTC Casino!

will try it out sure

MICRO

legendary

Activity: 2464

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CEO @ Stake.com and Primedice.com

Quote from: ?? on ??

At 98% it means a 2% house edge? You have advertised a 1% house edge.

Read my post it doesnt mean its 2% house edge . But when house edge is 1% and u would be allowed to bet on 99% u wouldn't have any payout , it would be 1.00x payout and that is pointless isn't it ? So its max 98%.

Best way to calculate house edge is to put payout on 2x and see the difference between over/under.

onlinepro

hero member

Activity: 714

Merit: 500

Quote from: ?? on ??

At 98% it means a 2% house edge? You have advertised a 1% house edge.

No 98% doesn't mean 2% house edge.
Just like 50% win change doesn't mean 50% house edge.

onlinepro

hero member

Activity: 714

Merit: 500

Quote from: MICRO on July 15, 2014, 01:07:07 PM

Quote from: Rora on July 15, 2014, 12:37:30 PM

Nope, I just confirmed it. Its 98%. So that means 2% house edge surely? Huh

Nope it means 1% house edge but to be able to have payout u cant bet on 99% Cheesy

LOL.

Yeah, there could be max win change of 50% and still there would be only 1% house edge.

MICRO

legendary

Activity: 2464

Merit: 1037

CEO @ Stake.com and Primedice.com

Quote from: Rora on July 15, 2014, 12:37:30 PM

Nope, I just confirmed it. Its 98%. So that means 2% house edge surely? Huh

Nope it means 1% house edge but to be able to have payout u cant bet on 99% Cheesy

LOL.

Rora

sr. member

Activity: 244

Merit: 250

Nope, I just confirmed it. Its 98%. So that means 2% house edge surely? Huh

nahtnam

legendary

Activity: 1092

Merit: 1000

nahtnam.com

Quote from: Rora on July 15, 2014, 12:05:20 PM

If your edge is 1% why is my max win chance 98%? Huh

I think 98.9.

Rora

sr. member

Activity: 244

Merit: 250

If your edge is 1% why is my max win chance 98%? Huh

Perseus353

full member

Activity: 125

Merit: 100

Quote from: onlinepro on July 14, 2014, 02:06:38 PM

Quote from: Candystripes on July 14, 2014, 01:59:59 PM

Quote from: Perseus353 on July 14, 2014, 01:05:03 PM

Stunna --

I heard in the chatroom that PD3 is currently under development. Good luck -- and I look for the site to be faster.

Quick question.

* Will you include a 'max bet' in the automated betting function ?

This would enable players to play for longer periods of time without keeping a nervous eye on the site.

- 'Ben35'

What do you mean by that? As in max bet it when your balance isn't enough to bet the next amount? Or do you mean maxing it each bet on, 1.02x for example?

If martingale or some other betting technique goes bigger than chosen max bet betting will automatically stop or start again with base bet.

Yes, this is what I meant -- that the escalation doesn't go beyond a certain point, but that auto-betting does continue after a reset.

BitsBitsBits

full member

Activity: 168

Merit: 100

Quote from: Stunna on July 15, 2014, 02:20:27 AM

An hour of down time due to some small server issues. All is well again Cool

Quote from: elvisrene on July 15, 2014, 12:55:57 AM

hi guys if anyone can help out im having an issue with the cash out it doesnt work it send me to a blank page can any one please help

Usually cloudflare issue. Hot wallet is very topped up at the moment so cash outs should be fine. Email [email protected] if it persists

I think a HH is in order for us who couldn't play earlier. Wink

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