This isn't bad by the way, nobody has to defend like you guys are trying to justify their huge profit. No, on contrary this is awesome for them!
For me, almost all marketing is just BS, including what you see on the TV.
Nobody defending anything in this thread. I'm just pointing out:
- to jack up total wagered is easy as long as they keep paying streamers/gamblers to play;
- since they aren't a public company, no way we can know their profits;
- this xxx million wagered is just a marketing gimmick, no one pays attention to it anymore except game-protex lol.
https://bitcointalksearch.org/topic/m.51382138- when you are in doubt, go to twitch > slots and see how much actual $$$ wagered there.
20 million profit
Wait wut? With your logic:
400 million wagered
5% house edge = 20 million "revenue"
So we can only know their estimated/theoretical revenue for a 5% edge, not profits.
it's a shitty formula by the way.