RE: GAMER Buyback System is LIVE

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GAMER Buyback System is LIVE

in steemit •  5 years ago 

What people tend to forget is that the house edge is 0.5% if you can play mathematically perfectly, which is humanly impossible unless you're using a cheatsheet. However, I can somewhat anecdotally prove dice is fair. After wagering over 2.5 million STEEM in more than 14,000 games, I've lost around 20,000 STEEM, whereas statistically I'm meant to have lost 25,000 STEEM, so the house edge is even lower than 1% for me (since I've gotten lucky). In fact, I was actually winning steem up until around 500,000 STEEM wagered!

In case you're wondering why my club bonuses are so low, it's because I didn't play a lot last month so I've been downgraded to bronze
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ok thank you for this info. Did you see the 1st comment on this page. Could you please give your opinion about it.

Incorrect. The house edge(commission) here should not be confused with house advantage(probability). The commission has nothing to do with the winning probability, it just take away 0.05% from player's winning payout. The house advantage however(or you would like to call it house edge, whatever), is going to affect the outcome of a game as it is blended in the game rules and flow already.