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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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Reply by: The-Gambler at Apr 26, '16 12:38 | |
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Full disclosure, I don't work for the casino. |
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Reply by: The-Gambler at Apr 26, '16 14:10 | |
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Why is the house income any of your business? | |
Reply by: MoreBoxedWinePlease at Apr 26, '16 20:15 | |
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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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Reply by: Squishy at Apr 27, '16 13:58 | |
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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. | |
Reply by: Squishy at Apr 27, '16 14:03 | |
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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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Reply by: House at Apr 27, '16 14:05 | |
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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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Reply by: The-Gambler at Apr 27, '16 14:44 | ||
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