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Risk attitude. We now turn to the following question: When a player is allowed to choose the odds themselves in a near-fair game, how would they balance the risk and potential return? Higher odds means a lower chance of winning and higher potential return, for example, setting odds of 10 means that the winning chance is only 1/10, but the potential winning payoff equals 9 times the original wager. In our analysis, we can examine such behaviors based on the gambling logs from Crash and Satoshi Dice games. For the Crash game only CSGOFAST.COM provides the player-selected odds even when players lose that round, whereas for the Satoshi Dice game only Coinroll accepts player-selected odds. We will therefore focus on the data collected on these two websites. For the Crash game on CSGOFAST.COM, the odds can only be set as multiples of 0.01, whereas for the Satoshi Dice game on Coinroll the odds can be set to 0.99·65536/ i where i is a positive integer less than 64000. To simplify our modeling work, we will convert the odds on Coinroll to be multiples of 0.01 (same as for the Crash game). It turns out that in both cases the odds can be modeled with a truncated shifted power-law distribution, where \(\zeta (\cdot ,\cdot )\) is the incomplete Zeta function, and m max is the upper truncation. Note that there is a jump at m max , meaning that the players are more likely to place bets on the maximum allowed odds than on a slightly smaller odds. The estimated parameters \(\alpha =1.881\) , \(\delta =0.849\) , and \(_ >>=1.15\) for csgofast-Jackpot on CSGOFAST.COM, whereas for Coinroll the parameters are found to be \(\alpha =1.423\) , \(\delta =2.217\) , and \(_ >>=2.58\) . From the comparison between the CCDFs of empirical data and fitting curves, as shown in Fig. 3, we can see that the truncated shifted power law can capture the overall decaying trends of odds distribution. The stepped behavior results from the gamblers’ preference of simple numbers. 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