Gambling for the House

[sente3]

Re: Gambling for the House

i like it because the users are using it (110,000+ bets placed and accepted to date). and because it is doing what i wanted it to do...

also, for the most part, the users enjoy it. even if many did lose all their credits. it can be a valuable life lesson with no actual money lost in the process. i'm like Mr Rogers.

Eh true. I mean, I have lost about 10% of my credits =/ But that's my own fault.

Also, lol Tass is like Mr. Rogers. Yeah, of course.

[LLaMaSaUceYup]

Re: Gambling for the House

Now that it's a possibility to make 100k really fast, then how will the FFR credit shop workout?
People could gamble for credits, be in the millions and buy loads of shirts.
lol

[Izzy]

Re: Gambling for the House

Of course i am being somewhat sarcastic there but i am just showing you that you don't need to make assumptions.

[sente3]

Re: Gambling for the House

Now that it's a possibility to make 100k really fast, then how will the FFR credit shop workout?
People could gamble for credits, be in the millions and buy loads of shirts.
lol

Hmm that is a good point. I've seen people who have won hundreds of thousands of credits. Thanks to gambling, it is nothing for them to get things from the shop. I mean, in the end, FFR still gets the actual money from the purchase, but it makes it unfair for some because they can get tons of free items.

[devonin]

Re: Gambling for the House

Hmm that is a good point. I've seen people who have won hundreds of thousands of credits. Thanks to gambling, it is nothing for them to get things from the shop. I mean, in the end, FFR still gets the actual money from the purchase, but it makes it unfair for some because they can get tons of free items.

In order for someone to easily get 100,000 credits, someone else had to be willing to lose 100,000 credits that they -did- earn. No new credits enter the world from gambling, they just shuffle around. As a result, every credit there is was -earned- and how is someone betting 100k on a coin toss somehow less worthy than someone giving away 100k of their credits as a gift?

[ryanisadouche]

Re: Gambling for the House

If there was no 1%, the credits would just constantly be moved from account to account. It's set up this way so the majority of people lose, and as tass said, credits become more valuable.

To clarify, 50/50 odds say you should win half and lose half

So if you win 10 1k bets, then lose 10 1k bets, have you broken even? No, you've lost money cause of the 1% rake. Thus the majority loses and credits become more valuable.

[sente3]

Re: Gambling for the House

In order for someone to easily get 100,000 credits, someone else had to be willing to lose 100,000 credits that they -did- earn. No new credits enter the world from gambling, they just shuffle around. As a result, every credit there is was -earned- and how is someone betting 100k on a coin toss somehow less worthy than someone giving away 100k of their credits as a gift?

Hmm true. The credits were gotten, and if someone wants to screw their own earnings up and hand them over to someone else by gambling, that's their loss. I didn't think of it that way.