Bitcoin casinos report large profits

boingboing.net 23 Jan '13, 5pm

Bitcoin casinos report large profits

SatoshiDice, which has servers based in Ireland, is a pseudo-random number generator game where players choose a number and then bet on the likelihood that a “rolled number” is greater than the one they’ve selected. If the rolled number is greater, then they win. The house has a 1.9 percent edge—which is where the profit comes in. The online dice game has returned profits to the tune of ฿33,310 ($596,231) during 2012—an average actual profit of ฿135.96 ($2,416) per day from May through December 2012. During that period, players put down a total of 2,349,882 bets. That’s still minuscule by Las Vegas standards, but respectable. bitZino, by contrast, released its figures in early January and seems to be doing a decent pace of business too (bitZino's bookkeeping only measures June 9 to December 31, 2012). The online casino—hosted in the US, offering online poker, blackjack, cr...

Full article: http://boingboing.net/2013/01/23/bitcoin-casinos-report-l...

Tweets

@joncamfield » 28 Jan '13, 8pm
#JonTag Bitcoin casinos report large profits [link]
@nonlinear » 24 Jan '13, 1am
players hallucinate non-randomness in the performance of a pseudorandom-number generator. [link]
@AltCoinTrader » 23 Jan '13, 9pm
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@Full_Duplex » 23 Jan '13, 8pm
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@Last_Picture » 23 Jan '13, 8pm
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@carlosrebato » 23 Jan '13, 5pm
Pues me sorprende, pero parece que los casinos que funcionan con Bitcoin están reportando grandes beneficios [link]
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Bitcoin casinos report large profits [link]
@jacksm55 » 23 Jan '13, 5pm
Bitcoin casinos report large profits [link]