SteemDice daily report 17/07/2017

in steemdice •  8 years ago 

12 users played 925 games, 874 using SBD and 51 with STEEM.
The most active user played 466 games, the median one 20.5.

44.2 STEEM (1396.136 SBD) have been used to play, with an average bet of 0.867 STEEM (1.597 SBD) and a median bet of 0.1 STEEM (0.5 SBD). The highest bet amount was 10.0 STEEM (22.519 SBD)
The average chance in a game was 40.55%, the median 48.0%. 374 games were won, 538 lost and 13 rejected.
Average winning payout was 2.072 STEEM (3.999 SBD), the highest win paid out 9.8 STEEM (25.0 SBD).
The bank made a profit of -9.786 STEEM (-18.891 SBD), expected from the house edge were 0.442 STEEM (13.961 SBD)

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is it profitable? if i keep doubling will i eventually win? or is it designed like every casino where house always wins?

Like any other casino if you approach inifnity games you will lose.

However nobody actually plays infinity amount of games. The house edge is small enough that you can easily make a profit if you keep on doubling and luck is on your side.

good job