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RE: Expected Return and Payout from Gambling with Steem
This is in line with my thoughts on these gambling sites.
Play because you like it or because you feel lucky on their site.
Also the 1% house edge and referral link (use an alt to sign up or gamble) is way better than any token.
I find the declining token rewards and the referral systems to be very pyramid-like. The order books for the tokens you can sell are kinda like novels that only have writing on one side of the page.
Yes, the more they give away the less they are worth. Serious declining marginal utility. As soon as the bots turn off and dividends drop it will be a downward spiral for most of these tokens.
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