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RE: What Are The Odds? **10 Steem GP Contest**

in #gambling5 years ago

TLDR;

Tell me what are the odds that a house is off by 2.95% after 10.468 million bets with 226.8k Steem wagered?

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It depends on the distributions of the bets. Most of those 10.4 million bets are mictobets with tiny odds of payout meaning most bets have been a loss and the 1% isn't advantaged.

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Most of the bets have been dust (< 0.001 STEEM) you're right. :)

You can do better! Math isn't debatable, what are odds of this distribution?

I've answered it based on the info I have, but it won't be published until 00:03 GMT tomorrow.

Hello Boss @klye,

What are the minimum and maximum bet?

Posted using Partiko Android

0.00000001 STEEM is the minimum bet.. And maximum win is set by the amount invested and leverage so fluctuates.

Thanks Boss.

Posted using Partiko Android

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