Guys please calm down.
110% win means that you exactly make 2.1x on your bet amount, that IS NOT 90% house edge...
Also max bet is now set to 100 mBTC (0.1 BTC) according to our max bankroll. Max bet is always far away under the bankroll so to avoid extreme bankruptcy.
I know this is a big % of win profit and maybe it could be disadvantage for the house, but this should be an incentive for users to play with. I'm not here to scam anyone (I won't ruin my reputation) and I'm ready to pay every win. If the game will make my bankroll vanish I will accept it as this is a bet also for me.
Hope you have fun and keep posting your feedback (contructive ones preferred please.)
If players win and get 110%, you wrote wrong. It's return 210%.
2.1x for chance 50/50 not really!
Example:
Because if total bets 1000.
Wins 500 and lose 500 bets.
Wins bets 500x2.1=1050..
Your profit total bets - wins=1000-1050=-50
Do you really lost money? Or chance to win not 50/50.
Having a 50% win chance doesn't mean that on 100 bets you win 50 times for sure.
Please read more about indipendent probability math.
Let HnHn be the indexed event of getting a head on the nthnth flip.
Given an unbiased coin, P(H1)=P(H2)=12P(H1)=P(H2)=12
These events are independent so P(H1∩H2)=P(H1)×P(H2)P(H1∩H2)=P(H1)×P(H2). The outcome of one coin toss does not influence then outcome of the other.
You can learn more about statistics probability calculation here
https://www.fourmilab.ch/rpkp/experiments/statistics.html or in any math book.
Really?
100 bets get average 50 wins.. 45-55.
for long period value limit to really 50/50.
for 1000 bets average 490-510 wins...
Please learn statistics probability do you read your link
https://www.fourmilab.ch/rpkp/experiments/statistics.htmlSuppose you ask a subject to guess, before it is flipped, whether a coin will land with heads or tails up. Assuming the coin is fair (has the same probability of heads and tails), the chance of guessing correctly is
50%, so you'd expect half the guesses to be correct and half to be wrong. So, if we ask the subject to guess heads or tails for each of
100 coin flips, we'd expect
about 50 of the guesses to be correct. Suppose a new subject walks into the lab and manages to guess heads or tails correctly for 60 out of 100 tosses. Evidence of precognition, or perhaps the subject's possessing a telekinetic power which causes the coin to land with the guessed face up? Well,…no. In all likelihood, we've observed nothing more than good luck. The probability of 60 correct guesses out of 100 is about 2.8%, which means that if we do a large number of experiments flipping 100 coins, about every 35 experiments we can expect a score of 60 or better, purely due to chance.