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#gambling

The Odds and the Facts: A Steem Casino Comparison

Casinos are for-profit; in the long-run, the house always wins. Some websites have enticing giveaways and games which have better odds than others, this post will look at the various Steem based casinos and compare their odds. We don't recommend playing at any particular casino but we do recommend avoiding the ones with a dubious history.

Steemslotgames

https://steemslotgames.com/?referral_name=fairbet

@steemslotgames certainly puts a lot of effort into their graphics and marketing on steem. They have a referral incentive, regular bonuses, and giveaways-mostly based on pure luck. They also reward top players and have 2 video slot games. The payout % is similar to other slots, i.e. not that great *RTP (Return To Player) in SteemStone is 96.03! This means that you will have to win more than 96 times out of 100 placed bets. Please note, however, that this is a long-term calculation, so the results on a smaller sample may be slightly different* [source](https://steemit.com/dapps/@steemslotgames/steem-mining-impossible-not-for-us-check-out-how-to-dig-it-on-pc-or-phone-contest-info-inside)
  • Every steem you bet will only win 0.9603 back, so you lose 4% per spin
  • There is no investment/token scheme
  • No known issues with the house

Steem-Bet

No referral link here because we don't recommend you play @steem-bet at this time since they are not paying dividends as promised.

Their dice game works fine, but most people have stopped playing it so this is unconfirmed. The odds are 2% in favour of the house so every Steem you bet you will win back 0.98. You get 50 SBT tokens for each Steem bet, the tokens are not paying dividends and they are not trading so their value is close to if not zero.

  • Avoid Steem-Bet
  • Every Steem bet, you will win back 0.98 + 50 tokens that don't trade or pay dividends

Epicdice

https://epicdice.io/?ref=fairbet

@epicdice works great and they recently did a post on fairness here. The odds are 2% in favour of the house so every Steem you bet, you will win back 0.98. They are currently offering 100 EPC tokens for every Steem bet, this will decrease over time. EPC tokens trade at about 0.0001 Steem/token so 100 tokens are worth 0.01 Steem, if you immediately sell your tokens instead of holding them for dividends, this makes the payout significantly better, or 0.99 per Steem bet. (0.98 in Steem and 0.01 Steem worth of EPC tokens) Screenshot 2019-06-20 at 23.39.38.png

  • Every Steem bet, you will win back 0.98 Steem + 0.01 Steem in EPC tokens
  • Referral incentives, leaderboards and the ability to bet EPC tokens for Steem is possible.

Steem Roller

https://www.steem-roller.com/#

@klye is the one-man show behind this dice game. It has an expected return 0.99 Steem per Steem bet and you can bet on extremes, like rolling above 99.9998. There are no tokens, bonuses, incentives or anything at this time, you can, however, invest in the house and share 90% of the profits with other investors. 50x leveraged investing is allowed, so it doesn't take much Steem to participate in a large % of the profits/losses. Screenshot 2019-06-20 at 23.57.19.png

  • Every Steem bet, you will win back 0.99 Steem
  • You can invest in the house, leverage up and divest in seconds
  • No tokens, leaderboards or referral incentives

Cupz

https://cupz.io?referrer=fairbet

@cupz has 5 different games! Their dice game should payout 0.98 per Steem bet in the long-run. Their other games have a 2% house take as well except for Roulette which should have similar odds to a European Roulette table you can read about here keep in mind they don't allow every typical Roulette betting option. Cupz pays 500 tokens (Cupz) per Steem wagered. Cupz is not paying dividends at this time due to low volume but promises to in the future and the tokens are currently selling for 0.00001 each. 500 Cupz is worth 0.005 Steem so your expected return is 0.985 per Steem bet (0.98 Steem + 500 Cupz worth 0.005 Steem at this time) They have daily leaderboards and referral incentives. Screenshot 2019-06-21 at 00.07.46.png

  • Every Steem bet, you will win back 0.98 Steem + 0.005 Steem in CUPZ
  • PvP games and Roulette

Kryptogames

https://kryptogamers.com/?ref=fairbet

@kryptogames has the best odds out of all the gambling sites based on Steem. They offer dice with a 0.99 expected payout + 25 gamer tokens per Steem bet at this time. Gamer tokens are selling 0.00002 Steem each right now so that's 0.0005 Steem, meaning their payout is 0.9905 per Steem bet (0.99 Steem _ 0.0005 Steem in Gamer tokens.) Kryptogamers also offers Blackjack and Video Poker. The Blackjack has an expected return of about 0.994 per Steem bet source if you know what you're doing which is similar to their video poker which has the highest expected return of them all at 0.995 source. Kryptogames also has generous leaderboards and referral incentives. Screenshot 2019-06-21 at 00.26.25.png

  • Best odds from 0.9905 to 0.995 per Steem wagered
  • Learn how to play Blackjack and Video poker for best results

Disclosures

Luck plays the biggest part when gambling but the expected returns and payout makes a huge difference if you are a big gambler. The author of this post holds tokens and a stake in every mentioned betting platform (except Steemslotgames) and favours the odds above the sites/tokens. Gambling and tokens do not guarantee any sort of profit and the math shows you will always lose in the long run so please don't gamble more than you can afford to lose.

This post is intended for player information only and the intention is not to provide financial advice, gambling is not an investment, we only recommend playing for fun. If you can find an obvious mistake in this post, or if there is missing pertinent information please let us know in the comments below.

Please join the Steem Gamblers Association on our discord at https://discord.gg/xVcubXH

Comments · 10

  • @steemslotgames(72)· 2621d

    @fairbet thank you for mentioning and appreciating our site! 😉

    We want to thank you for your kind words, so we sent 5 STEEM to your account in the game. We hope you will have a good time and you will change it into a Mega Win! 😎

    We also noticed that you appreciated our graphics, so we invite you to play SteemStone! 🤠⛏💎 It took our artist almost 300 hours to draw this game, because most of the elements were hand-painted. Good luck & have fun!

    Click on the link below and check out our new game! ⤵ 💎 Discover the SteemStone!💎
    Flower

  • @thegoliath(73)· 2622d

    Steem slots seems rigged as I have never won more than 1 steem and have put a heap in.

    But my favs are cupz and kryptogames, also epicdice and steem roller are good.

    Posted using Partiko Android

  • @jonsey(47)· 2623d

    We are running an offer of 0.5% Commission on our dice game for 24 Hrs and will be following up with another offer

  • @donald.porter(67)· 2623d

    Great post guys, missed out a lot lately but I would suggest adding volume to the next report. For example, CUPZ volume is low (wish it could be better) while KryptoGamers ballooned after MagicDice exited and SteemBet went dead.

  • @klye(75)· 2623d

    Thanks for the honourable mentions about Steem-Roller.com

  • @travelersmemoire(58)· 2624d

    Thanks for the write up! Its good to see a list of all sites and the best odds possible on said sites.

  • @tipu(68)· 2624d

    This post is supported by $3.39 @tipU upvote funded by @crypticat :)
    @tipU voting service: instant, profitable upvotes + profit sharing tokens | For investors.

  • @swiftcash(64)· 2624d

    This post has received a 10.00% complementary upvote from @swiftcash 🤑

  • @steemitboard(66)· 2624d

    Congratulations @fairbet! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

    You received more than 10 as payout for your posts. Your next target is to reach a total payout of 50

    You can view your badges on your Steem Board and compare to others on the Steem Ranking If you no longer want to receive notifications, reply to this comment with the word STOP

    To support your work, I also upvoted your post!

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  • @abitcoinskeptic(75)· 2624d

    I think it is worth mentioning steemrollerz and steemslotgames are offchain sites meaning you deposit steem there to play. You need to trust them a little mpre, but it also means you dont waste RC don't need SP and have more privacy.

    Also steemrollerz has a new random prize feature.

    Damn I feel like rolling 5he die now and ending my hiatus

    Posted using Partiko Android