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In the Results section, we begin with an analysis of wager distribution and log-ratios between successive wagers, which helps us to understand the gamblers’ wagering strategy. We then focus on an analysis of risk attitude by studying the distribution of the odds players choose to wager with. We conclude by extending our discussion to the analysis of net incomes of gamblers viewed as random walks. This allows us to gain insights into the gamblers’ behaviors by computing quantities like the ensemble/time-averaged mean-squared displacement, the first-passage time distribution, ergodicity breaking parameter, and Gaussianity. Detailed information about the games and datasets discussed in this paper can be found in the Methods section. Results. Wager distribution. From the viewpoint of the interaction among players, the games discussed in this paper can be grouped into two classes: in Roulette, Crash, and Satoshi Dice games, there is little or no interaction among players, whereas in Jackpot games, players need to gamble against each other. At the same time, from the viewpoint of wager itself, the games can also be grouped into two classes: In games (A-G), the wagers can be an arbitrary amount of virtual currencies, such as virtual skin tickets or crypto-currency units, whereas in game (H), the wagers are placed in the form of in-game skins, which means the wager distribution further involves the distributions of the market price and availability of the skins. Furthermore, from the viewpoint of the odds, considering the empirical datasets we have, when analyzing the wager distribution, there are three situations: i) For Roulette and Satoshi Dice games, the odds are fixed constants, and wagers placed with the same odds are analyzed to find the distribution. ii) For Crash games, the odds are selected by the players, and wagers placed with different odds are mixed together during distribution analysis. iii) For the Jackpot game, the odds are not fixed at the moment when the player wagers. In Table 1 we categorize the 8 datasets based on the above information. At the same time, for each dataset we perform a distribution analysis of wagers at the aggregate level. Within the same dataset wagers placed under different maximum allowed bet values are discussed separately. We plot the complementary cumulative distribution function (CCDF) of the empirical data and the fitted distribution to check the goodness-of-fit, see Fig. 1. CCDF, sometimes also referred to as the survival function, is given by \(\bar(x)=P(X > x)=1-P(X\le x)\) . Table 1 The best-fitted distribution and estimated parameters of wagers. Figure 1. In games ( A – G ), where players are allowed to choose arbitrary bet values, the wager distribution can be best fitted by log-normal distributions (3). In game ( D ), the log-normal distribution is truncated at its maximum bet value, indicated by *. The fitting lines represent the log-normal fittings. Wagers placed under the different maximum allowed bet values are discussed separately, e.g., in game ( A ), (A 1 ) has a maximum bet value of 500,000, and (A 2 ) has a maximum bet value of 50,000. On the other hand, in game ( H ) where wagers can only be in-game skins, the wager distribution is best described by a pairwise power law with an exponential transition, see Eq. (4). The red dotted line represents the log-normal fitting and the blue solid line represents the fitting of a pairwise power law with an exponential transition. It turns out that when players are allowed to place arbitrary wagers (games A–G in Table 1), the wager distributions can in general be best-fitted by log-normal distributions In particular, in games (A, B, C, E, F, G), the wager distribution can be approximated by the following expression., speed cricket baccarat बीटीसी कैसीनो.
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