babs01 Posted December 25, 2017 #1 Posted December 25, 2017 I'm just wondering, if you play bet and lose, who gain?
skillex Posted December 26, 2017 #2 Posted December 26, 2017 33 minutes ago, babs01 said: I'm just wondering, if you play bet and lose, who gain? If youre referring in stake playing well technically and obviusly speaking your lost satoshi from betting will just go to stake. When depositing btc, each of us players have our own btc adresses and wallet where we deposit and withdraw our funds. And everytime we lost theres this other player who will also win well we can just tell that the gambling site didnt profit. But if many will loose at the same time, then stake is in great profit really.Its just their share of coarse from the players since they are casino.
skillex Posted December 26, 2017 #4 Posted December 26, 2017 1 hour ago, babs01 said: Thanks no problem, I hope it helps
oxywizard Posted December 26, 2017 #5 Posted December 26, 2017 the site you lost the bets in also to the owners of that site
babs01 Posted December 27, 2017 Author #6 Posted December 27, 2017 Just now, oxywizard said: the site you lost the bets in also to the owners of that site The you can never win the owner because he knows how he programmed his game
bUZz Posted December 27, 2017 #7 Posted December 27, 2017 The games were programmed to always stay in profits no matter how much is won and lost...
babs01 Posted December 27, 2017 Author #8 Posted December 27, 2017 Just now, bUZz said: The games were programmed to always stay in profits no matter how much is won and lost... Yeah
Dan Posted December 27, 2017 #9 Posted December 27, 2017 8 hours ago, babs01 said: The you can never win the owner because he knows how he programmed his game 3 hours ago, bUZz said: The games were programmed to always stay in profits no matter how much is won and lost... All games are provably fair, meaning we don't program them to cheat the players. You can learn about it here: https://cryptogambling.org/ In the long run the house edge is the profit made by Stake, but its only a small percent.
Shaniqua Posted January 7, 2018 #10 Posted January 7, 2018 On 12/26/2017 at 10:57 PM, bUZz said: The games were programmed to always stay in profits no matter how much is won and lost... I will have to disagree with this statement. I understand, at least i think... what your trying to say... that in the long run the casino will always win. But the statement that the games will always stay in profit is not an accurate statement. If a user wagers large amounts or just 1 large bet and wins, then stops playing, in theory that large bet can put the game's overall win/loss amount in the red (for the casino) making that game's profit (for the casino) to be negative. If that makes sense...I know i kinda jumbled my words there... But yes, over time if enough people play the game for enough wagers, eventually the profits will lean the other way, making the game profitable for the casino. havent you heard of players breaking the bank before =)?
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