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

[klye]

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?

Cool post @crypticat!

Anyone with questions about the site is free to ask me a question here or make an account on the site and ask in chat. :)

Comments

[abitcoinskeptic]

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.

Posted using Partiko Android

[klye]

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

[crypticat]

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

[abitcoinskeptic]

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

[jaylordlobitana]

Hello Boss @klye,

What are the minimum and maximum bet?

Posted using Partiko Android

[klye]

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

[jaylordlobitana]

Thanks Boss.

Posted using Partiko Android