Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
freerobby
on May 24, 2014
|
parent
|
context
|
favorite
| on:
Chancecoin: a decentralized casino built on top of...
Pretty generous house to provide even wagers:
> 0.01 CHA 1% 99X -0.01 CHA
tromp
on May 25, 2014
|
next
[–]
Except that 99X means that if you win, you get a 0.99CHA payout, for a gain of only 0.98CHA, making it worse than even.
jabagawee
on May 25, 2014
|
prev
[–]
A 1% chance to get a 99x payout still has a negative expected value, no? 99 x 0.01 x original bet = 0.99 x original bet
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
> 0.01 CHA 1% 99X -0.01 CHA