Blockchain Gambling | |
| Title: | Blockchain Gambling |
| URL: | https://bitbettors.com/ |
| Description: | Perfectly reasonable question. No business would survive if it did not make a profit, right? Here is where things get interesting. We mentioned earlier that the 0% (or 0.5% in a traditional casino) house-edge is based upon perfect game play. This means that the player must apply a strict mathematical thought-process in their strategy. For example, if the dealer is showing a 6, and the player is holding 12 or more, then the perfect decision would be to stick. This is because mathematically, there is a greater chance that the dealer will bust, as opposed to hitting between 17-21. In reality, most recreational players do not play the perfect game, and will often make decisions based on emotions, rather than statistical common sense. This in effect means that Edgeless casino then makes a 0.83% house-edge on players who do not play the perfect game. |
