Eospirates.com Website Review

table at the bottom. provably fair selection the winning treasure is picked randomly based on the number of participants, ids of the participants, the time of the investments, block hash, current time and the seed value using a smart contract running on the eos blockchain. it's impossible for the contract owners or the devs to play an unfair game or predict the the payouts to the winning pirates are calculated at the time of random selection and depends on the total number of eos wagered on all treasures vs the number of eos wagered on the winning treasure! for e.g., let's say that on a particular day, 100 eos were wagered on treasure 1, 200 eos were wagered on treasure 2 and 300 eos were if treasure 3 wins, then we have 600 eos to distribute for 300 wagered eos, which means every winning pirate will get 2 eos for every wagered eos i.e 2x of the investment! understood! understanding payouts! × the payouts are based on a popular style of gambling called pari-mutuel betting, where you bet against other players. as more and more players bet on a treasure, the payouts as*ociated with the treasure changes (either increases or decreases). if the payout value is 2.0, then that means you are expected to win 2.0 eos for every eos you invest. so, if you are investing 10 eos then as per the current payouts, you are expected to get 20 eos if you win. payout value changes after every bet! thus if as per the current payout value, you are expected to win 2.0 eos for every eos you invest, the final amount may not be 2.0 eos and will depend on the payout value at the time of the draw. the payout value may change as the game progresses but it will always be greater than 1. that means if your selection wins, then you will enter the amount of eos you want to bet : i quit place bet!. place bets against other bettors in predicting the winning treasure!