This is an idea on how we can take gambling/casinos and allow the same odds, but put the proceeds go to good uses.
To my best knowledge......
Ethereum would be the perfect environment to set up a casino. (Although I see a million other better uses)
There WILL be contracts for every type of betting there is out there today, and many we haven't thought of.
The big problem (for the person creating the contract) is that anyone can come and undercut you and become more popular and you will make no money (wei).....
There has been a recent discussion of certain contracts (sha256, sha4, etc) being coded as ES and having a lower fee because they optimized and used often. By these characteristics I see a gambling (etherdice, blackjack, lottery) contract easily gaining a lower fee and being widely used to become a standard.
Now here comes the good part of this idea. The house ALWAYS (need I repeat), ALWAYS wins. Obviously there is a variable number of "wei" that the contract will need to have to cover all bets, but in the long run there will always be a surplus. Where do the profits go......(please respond with ideas on how to handle this)
At this point I don't know where the profits go, but here are some ideas. (this will be a community choice since ether will allow us to vote on such topics)
Donate it to a voted on charity
Reinvest in cryptocurrency projects
Other ideas are welcome
Who do we want to profit from this and how as a community are we to ensure that the surplus money will go to something that will benefit humanity and not to 1 persons ether address. Gambling is not a new idea and i bet at least 100 people right now are thinking of making contracts to make casinos with ES.