The house edge of this site is 50%. This has been explained many times by cjmoles now. You must be an idiot to actually play here.
The payout (for a 1% HE) should be: 0.99/(1/16) = 15.84x - not 8x.
Thank you for the confirmation....I was trying to use logic. I guess sometimes somethings should just be said bluntly. I hate to see people be duped by the bitcoin predators....It gives the real bitcoin gamblers a bad image that becomes hard to shake.
I partially disagree with you. No offense, I dunno if u r a professional gambler or a habitual one. But, for me, gambling is trying luck in various platforms, i.e. where the method of creating randomness is different. When I buy ticket for a jackpot in my country, I dont go for half of the all tickets available. I just buy one to give my luck a chance to hit the jackpot. I know the chance is negligible, but that is where the luck plays. Similarly, in this game, they offer 4x, 8x or 15.84x is immaterial. At a time, I'll always bet for only one option and if I hit the correct one, I'll always win multiple times of my investment. If luck favors me, I may win two consecutive one to gain 16x. May be this logic is not applicable to a professional gambler, but most, I think, bet for fun.
From your perspective that is okay I guess....But, to me, it is a sense of fairness that counts. And, when we have a choice between betting on something that is highly skewed in the favor of one party and betting on something that is more equitable toward both parties, then I will always point the player into the direction of what's most fair.
And, I have a question: if your local lottery that you play charged you 1 dollar to play for a chance to win half that dollar back, would you still play? See, most lotteries are low probability, but they are equitable in turn....you can win a lot of money in return for a low wager and the amount you can win correlates very closely with the odds of the game. If a local lottery kept half of the entire pool of money for themselves, would you still play?
