Comment Comment by GigabyteCoin That's the scam.They get you hooked thinking they are only taking 5% or whatever it was... and from pretty much everybody who bets there, they do only take 5%.But all of the "smart money" gets taxed at 60% when they inevitably take all of the losers money who only paid 5%.So in essence, they are doing exactly as you suggested... "they're just taking a cut of the action." But it's a 65% cut! parent GigabyteCoin 9 years ago
They get you hooked thinking they are only taking 5% or whatever it was... and from pretty much everybody who bets there, they do only take 5%.
But all of the "smart money" gets taxed at 60% when they inevitably take all of the losers money who only paid 5%.
So in essence, they are doing exactly as you suggested... "they're just taking a cut of the action." But it's a 65% cut!