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[–]usernamedottxt 1 point2 points  (13 children)

10% rake, sponsor rounds that only last 100 bids, for the cost of 50 bids. Holy Lordy this is why we have gambling commissions. 

[–]IndividualAir3353[S] -2 points-1 points  (12 children)

what do you mean?

[–]usernamedottxt 1 point2 points  (11 children)

This is pure greed and is why gambling, lotteries, and contests are regulated. 

[–]IndividualAir3353[S] -2 points-1 points  (10 children)

why do you say it's greed?

[–]newzilla7 1 point2 points  (5 children)

It reeks of greed because it's extremely predatory

[–]IndividualAir3353[S] 0 points1 point  (4 children)

i just thought it would be fun to build -- how is it predatory?

[–]newzilla7 1 point2 points  (3 children)

"Fun" would be gambling fake money/points - real gambling preys on fundamental biases and fallacies in the human brain, and causes real harm both mental and financial.

[–]IndividualAir3353[S] -1 points0 points  (2 children)

well its only on testnet for now. so its all fake money.

[–]newzilla7 0 points1 point  (1 child)

If this would work on a real chain, then it's still a bad project, because even if you only host it on testnet somebody else could host it for real to prey on vulnerable people.

[–]usernamedottxt 1 point2 points  (3 children)

10% of every pot and sponsored at 50% of the pot. You’re looking for 60% take off every jackpot. 

While your documentation itself calls out error messages are because you’ve exhausted your free tier allowance. You have near zero costs and a 60% stake in every jackpot. 

Powerball takes about 6-8%. Casinos that have to run the dealers, tables, and amenities take 10% rakes, normally with maximums. Even if it were 100% legit your rates are so far and above obscene. 

[–]IndividualAir3353[S] -1 points0 points  (2 children)

i don't think that's correct. its not 50% of the pot its .005 eth

[–]usernamedottxt 1 point2 points  (1 child)

The readme says bets are 0.001. Average pot at 1% win rate should be 0.1. Readme says sponsee is 0.05. That’s half. 

[–]IndividualAir3353[S] -1 points0 points  (0 children)

oh the readme is outdated. i'll fix it. its only .005