What do you exactly mean by that link ? Its clearly stated that GameBet will take 2% as rake from the loosing side. And for them to make 1mil$ they need peopel to loose 50mil$ on the site. Its basic math.
Not that it matters anything value wise, but that is what dogedigital was asking and that is what i answered.
Also 50/50 odds are extremely rare and in e-sports betting 80% or more is put on the side of the favorite. Making gains slower.
What exactly is FUD there ?
I understand that you feel touched and want to defend the coin and your investment. But you need to realize i say'd nothing bad about the coin nor the business plan in that statement. I simply stated things as they stand.
The plan is to soon move to traditional odds betting model, which if you read what I posted tend to get a 4.5% of all bets made, win or lose. You would know they were dong this if you tried to read up and didn't just parachute into the thread hoping to tear things apart before actually researching...
There is a plan to do so, but that does not mean it has happened or that you can make your calculations based of it. (Untill it happens, you can not make calculations based on it). You can't say they will go to 4.5% rake also because they have not stated that in any post.
If they went to 4.5% rake it would mean:
Standard 4.5%+1%+0.5% = 6%
Or with high level investor
4.5%+1.3%+0.65%=6.95%
That would be a rather big amount, not sure how people would react to having ~7% of their winnings taken. So if odds are 50/50 and the pool has 100 evenly split. And they only gain 43 from it.
And trust me i did my research and that is the main reason i did not buy into the ICO and will rather pick the coins up later (which might not happen ofc, the price could very well stay above the ICO price)
Let's get this clear your first argument was they couldn't make enough money from such a small cut of users bets and now you are saying it's gonna fail because the cut of the bets is too big?
hahahahahahahahahahahahhahahahahahahhahahahaha!!!!!!!!!!!!
