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RE: SteemDice daily report 21/06/2017
I played a lot of games on your site (And actually ended out ahead thankfully(and could stop myself)) however, why is it that the edge is 4% at 50% odds? That seems a little high to me. Either way, lovely site.
House edge is always 2%
How so, I see that you are taking two percent off of the total amount received if you win, however I am almost positive the house edge is supposed to be calculated by the amount won not amount received.
Putting it into numbers, if I bet 1 SBD at 50/50 odds, on 0% edge my profit would be 1 SBD, however on steem dice, you profit 0.96 SBD a 4% reduction from the odds at 0% edge. For that reason it appears to me that the edge is 4%.
The house takes its edge from the payouts, not the profits, yes.