Why is it 60x2? Because if the odds are even the host won't make money, and the whole purpose of gambling is for the host to make profit off the sad gamblers.Can someone explain to me two things
1. Why would anyone dice at 60x2 instead of 50x2 to have even odds instead of odds against you
2. Why does the 'host' hold the gold? Why not just each person holds their gold and loser pays winner?
Why does the host hold the gold? Because with no transaction occurred there is technically no scamming. This means that people would just dice with the expectation of either winning double, or walking away with no losses. Nobody would honor paying someone when nothing would happen to them if they don't pay them.