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Add a house rake of 50 percent Started by: The-Gambler on Apr 26, '16 12:35

There needs to be more transparency about how house works. Adding a straight 50 percent rake to all bets would achieve this.

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Right now house is quite deceptive about its true earnings and I fear too many new players truly think House is only making 1 percent or less than 50 percent. We can totally fix this with a straight 50 percent rake, stopping new players being decieved and making the casino more transparent overall.

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Full disclosure, I don't work for the casino.

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Why is the house income any of your business?
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House uses the same functions as the players. There is player A and player B, it is then run through a mt_rand() to determine the winner. It doesn't care if player A is house or some other person who listed the bet.

All dice games have a 50% chance of winning, regardless who you play against. The house takes 1% of profit as a rake of any winnings.

By the very nature of how random chance works, the more you play the closer to 50% you'll see, in short runs you can see big swings in wins or loses, but the larger the data pool the closer to a 50/50 you'll see.
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As a tidbit of info, house puts up bets as a convenience. I would much rather players put up their own bets and play against each other, that way I still get my 1% rake and carry 0 risk of losing.
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Your Dice Stats
Last 30 Days
Total Net Cash: $281,239,581
Total Net Credits: -1,068.00
Total Games Played: 109969
Total Games Won: 54430
Total Games Lost: 55539
Total Win Rate: 49.5%
High/Low Games Played: 0
High/Low Games Won: 0
High/Low Games Lost: 0
High/Low Win Rate: 100%
Even/Odd Games Played: 0
Even/Odd Games Won: 0
Even/Odd Games Lost: 0
Even/Odd Win Rate: 100%
Swap Games Played: 55730
Swap Games Won: 27319
Swap Games Lost: 28411
Swap Win Rate: 49.02%
Tops Games Played: 54239
Tops Games Won: 27111
Tops Games Lost: 27128
Tops Win Rate: 49.98%
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House uses the same functions as the players. There is player A and player B, it is then run through a mt_rand() to determine the winner. It doesn't care if player A is house or some other person who listed the bet.

All dice games have a 50% chance of winning, regardless who you play against. The house takes 1% of profit as a rake of any winnings.

By the very nature of how random chance works, the more you play the closer to 50% you'll see, in short runs you can see big swings in wins or loses, but the larger the data pool the closer to a 50/50 you'll see.

Hmmph I see. This post was just meant for a laugh but the info is quite interesting anyway. I think you'll find though, that most people aren't interested in betting with other players if they can just play instantly with House. The wait isn't worth it unless it's a friend, and 99 percent of the time friends don't want to  play anyway lol.

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