Yeh, my idea was only "fair by audit" and not "provably fair" (so it only works if investors trust that the auditor is not colluding with the site owner.) I actually made a diagram of that too some time ago:



The obvious disadvantage is performance. It is a bit like MP apps (they also make a "Make bet HTTP request" for each bet to MP) - they do work reasonable fast AFAIK, but it is still a disadvantage.



Most ETH dapps will probably still have low limits if truly provably fair for investors too. Some might use ETH blockhashes but that limits the bets to 0.05 BTC (due to block withholding.) Some use BTC bridge to use BTC blockhashes but that limits bets to 12.5 BTC (unless long calculation like PevPot) and I am not sure how those ETH sites handle BTC block orphans. Something like vDice is not really provably fair (even for players) as it uses third-parties for the RNG (random.org with some audit), probably "good enough" for 100 ETH bets, but for 100 BTC bets that seems too risky.

A P2P game like Contingency does solve the problem, but it is relevant to say that every bet is only connected to 1 investor/individual. So this still limits the max profit of each bet (way) more than "traditional crowd-funded sites" (since only 1 investor will need to cover the whole bet profit) and will result into some investors having a profit and some others a loss (more randomly than normal = more variance not very attractive for investors.)



Overall, definitely no real good way IMO

please let me ask a question. an hypothetically one

lets say a new or untrusted casino like Jackpotracer will ask a trusted user like dooglus, RHavar, Nico etc to do the audit for his site to secure investors and players coins. yes I know it was already mentioned that we could could work together with Audit and run with the coins. but what if the trusted audit also gets the investors coins as escrow and audit same time? I am sure dooglus RHavar and Nico would never partner up with Jackpotracer to steal investors coins as imo they would never run with investors coins and have anyway their trust.

there will always be investors who will not trust anyone but there are many who will trust those users I mentioned

those 3 actually could open an Audit and escrow company for many old and new casinos and it should work imo

what is your opinion?

The problem with a site not having a "provably fair for investors" system is the fake whale, or fake shrimp (salami slicing their own profits). There is currently no known or decent system for fast or speedy dice games that will work. The casino can have their own "in-house" players that look like normal players to everyone else, but have the advantage of knowing the secrets needed to win. There is no way to reliably detect that since they can always just play as close to the house edge as possible and have just a tiny little bit more profit than they should have, no one will notice.

sorry if my question sounds stupid but I will not be shy to ask cause I am very interested to see a solution for this problem

owner knows the secret and could cheat.......is there no way that no one will know the secret or will have access to the secret but only after the come out?

something like a multi password like multisig