- Jan 24, 2010
the biggest playerThe companys founder, Larry Taad, noted on his site that most of his users dont keep a balance on our site, preferring to cash out and be paid instantly. "This type of behavior just wouldn't be possible with any other payment solution."
Users don't have to trust us with their funds any longer than necessary, he wrote. If you compare this to traditional online casinos, which can take weeks to send you your winnings, the benefit is obvious. And of course, it goes both ways: it is also extremely easy and quick for users to add funds back to our site. Frictionless, non-reversible, zero-fraud paymentsyou can't ask for a more perfect payment system!
full articleSatoshiDice, 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 theyve selected. If the rolled number is greater, then they win. The house has a 1.9 percent edgewhich is where the profit comes in.
The online dice game has returned profits to the tune of ฿33,310 ($596,231) during 2012an 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. Thats still minuscule by Las Vegas standards, but respectable.