Absolute Fairness: A Peek into the BetHash Algorithm
Written by the BetHash team
Among all the peers there are mainly two kinds of ways to generate the result.
Like eosbet, betdice, eosjacks, bigGame, eosMax and most other DApp gambling apps, they generate the random number using certain algo on their own hosted server.
Theoretically, if the numbers generated can be verified, it’s trustworthy. But in the real world, it’s still possible for the platform to cheat against players.
For one, no one would actually check the validation process after each roll, or each game. It’s possible that the house can trickle a little bit for certain transactions to work better towards itself.
Secondly, house can manipulate a small set of transactions, especially for high-value bets to lose, but give extra edge for smaller bets to win. Overall the players’ statistical distribution will still look normal.
After all, you play first, you lose your token first and only afterwards you can try to find whether you are cheated or not.
Eosplay, Kuai3, eosFun, and BetHash included use block hash of the eos mainnet. The random number is not generated by the gaming platform but by the 21 Block Producers of the EOS network.
Some might argue that the block hash can be hacked using specific tricks. But if someone were to do it, firstly, he/she must be a very good hacker. Few people are capable of that.
Secondly, if the hacker were to do it, he/she would do good to himself rather than help the house cheat against the players.
Overall, a player at this kind of games, usually can be very confident that the house can not control the random number generation process. Such players can have a peace of mind when placing high bets.
BetHash currently has the lowest house edge among its peers, for lottery game, the house edge is 1.9%, while the other platforms have 2%.
Also, BetHash has its own token economy and shares 15% of its house edge to the HASH token holders.
It has a jackpot system running everyday as well.
Lowest House Edge
The jackpot system and the dividend payout further reduces its house edge. It’s roughly 1.5%, consider 3% rebate if you play via a partner link and 15% dividend payout.
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