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Economy => Gambling discussion => Topic started by: Zicadis on October 10, 2019, 08:37:16 PM



Title: Which Casinos Have the Lowest House Edge?
Post by: Zicadis on October 10, 2019, 08:37:16 PM
Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: leowonderful on October 10, 2019, 09:04:33 PM
The lowest house edge I can find at the moment for reputable casinos is Crypto-Games with a 0.8% house edge for their dice games (from their FAQ, click for link (https://www.crypto-games.net/faq)). The other games' edges are also linked there, most are under 2%. FortuneJack also offers 0.7% house edge for dice on Wednesdays, though this isn't always activated unlike with Crypto-Games and I'm pretty sure the regular house edge is 1% when promotions aren't active.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: harizen on October 10, 2019, 09:05:47 PM

Dice

Primedice - 1%
Stake - 1%
FortuneJack - 1%
Wolf.bet - 1%
Cyberdice - 1%
Bitsler - 1%
NitrogenSports - 1%
Bitdice - 1%
Crypto-games - 0.8%
Safedice 0.5% *use at your own risk. Check ANN for reference

I just listed some for your reference.

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

I'm not sure but I think there are no gambling games who is closed to no house edge except on lottery obviously.

Good luck.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: acroman08 on October 10, 2019, 11:41:52 PM
you can check THIS SITE (https://thebitcoinstrip.com/provably-fair-casinos/) they show the house edge and provably fair of most casino that accepts bitcoin.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: crwth on October 11, 2019, 01:22:41 AM
Lowest house edge could have given the best odds for sure. With the listed stuff by @harizen, I have tried a couple of websites there. With Primedice, Stake, FJ, Wolf.Bet, Bitsler, and Safedice. That’s most of the casino that I experienced, but the most casino that I tried is Safedice (knowing it has the lowest edge). I played with BTC and XMR on the site, and I did win. I limit myself to the time I’m going to gamble, just like a couple of minutes. The most spent time that my account was gambling is with a bot and is also with SafeDice.

The idea of a Zero House edge casino won’t be profitable ideally, for a business owner. Won’t we want that, right?


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Zicadis on October 11, 2019, 07:30:34 AM

Safedice 0.5% *use at your own risk. Check ANN for reference


Jesus, Safedice has horrible reviews.

I guess having a house edge too low comes with its drawbacks.

Thanks for the extensive list though, I'll go through them all to see which has the best games for the task.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: sheenshane on October 11, 2019, 09:27:13 AM
In addition to harizen list.

https://i.imgur.com/FXISaBr.jpg
Check this source thread (https://bitcointalk.org/index.php?topic=2097255.0) for further information.

So far as what I have seen only Crypto-games gambling site has a lower house edge.
I noticed that the latest running gambling sites were usually at a 1% house edge. Even Mintdice has also 1% house edge on a dice game.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Hypnosis00 on October 11, 2019, 11:33:55 AM
In addition to harizen list.

https://i.imgur.com/FXISaBr.jpg
Check this source thread (https://bitcointalk.org/index.php?topic=2097255.0) for further information.

So far as what I have seen only Crypto-games gambling site has a lower house edge.
I noticed that the latest running gambling sites were usually at a 1% house edge. Even Mintdice has also 1% house edge on a dice game.
Yeah, they are almost near to everyone but tried to look at their max winning bets... its Primedice and Stake takes the lead.
May these will take matters not just only considering the house edge alone.

But sad to look for 777 coin has the lowest rating, it may be because of the highest house edge.
This is really a huge competition and gamblers really think where they supposedly take the most benefits they might get.



Title: Re: Which Casinos Have the Lowest House Edge?
Post by: BigBoy89 on October 11, 2019, 04:51:04 PM
Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!

If you put in your house edge calculations VIP levels and chance to hit the Jackpots, YOLOdice and Nittogens are my favorites.
Yolodice have a decent rakeback system when you progress on the VIP ladder and Nitro have a great jackpot.

About strategies, anything but Martingale is more fun and could last longer.
IMO playing for fun is the only right attitude.

A notable mention is Stake because you could play many games with a single account.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: adzino on October 11, 2019, 09:08:46 PM
Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!
Hey! If you haven't tried, try crypto-games.net! They have one of the lowest house edge in dice. The house edge is only 0.8% which is extremely low and below 1% just like you wanted. They sometimes also hold no house edge promotion and has no speed limit on dice mondays!
They have faucets. You can use it to try out your dice strategies.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Casdinyard on October 12, 2019, 07:13:18 AM
They have faucets. You can use it to try out your dice strategies.

And also Stake, they have faucets that resets every day so you can even won without spending some bucks.

A notable mention is Stake because you could play many games with a single account.


Indeed, the recent update is seriously the best they did, so far.
Though I just seldomly gamble, but my first place to gamble and made some fun is Stake.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: DaveF on October 13, 2019, 02:04:57 PM
Not dice BUT many casinos have 9/6 jacks or better video poker.
Played with a simple strategy it has a 0.54% house edge.

https://wizardofodds.com/games/video-poker/strategy/jacks-or-better/9-6/simple/ (https://wizardofodds.com/games/video-poker/strategy/jacks-or-better/9-6/simple/)

There are other strategies that can get you a little more but they take a lot of time to learn.

For dice yeah Crypto-games is lowest as far as well known places.

-Dave



Title: Re: Which Casinos Have the Lowest House Edge?
Post by: nakamura12 on October 13, 2019, 02:25:05 PM
Yeah, they are almost near to everyone but tried to look at their max winning bets... its Primedice and Stake takes the lead.
May these will take matters not just only considering the house edge alone.

But sad to look for 777 coin has the lowest rating, it may be because of the highest house edge.
This is really a huge competition and gamblers really think where they supposedly take the most benefits they might get.


It may be the reason why 777coin why the rating is not good because of 3% house edge. Having high house edge may be profitable but it's one of the reason player find another site that has lower house edge. Every $5 spent to gamble the owner will keep 3% which is ¢0.15 as profit so, the reward you'll get when you win is smaller.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: buwaytress on October 13, 2019, 02:28:23 PM
Crypto-games for sure IMO has a well rounded dice game. 0.8% edge is below industry standard. Add in loyalty bonuses like faucets to keep you busy on non deposit days, investment options and chat bonuses and it's a lot of incentive.

Monday is also no speed limit day so you can get a looooot of joy even on 1 sat bets and a low bankroll.

Also, at your own risk is 999dice at 0.1% edge. Play there every now and then with a bot. They have a poor autobet function so any auto strat there needs seuntjie.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Oilacris on October 13, 2019, 03:46:40 PM
Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!
As per todays standard which is 1% but as already mentioned mostly above Crypto games do have the lowest house edge of all excluding Safe-dice which I wont tend to use it ever due its known issues.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: bitmover on October 13, 2019, 03:56:07 PM
Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!
As per todays standard which is 1% but as already mentioned mostly above Crypto games do have the lowest house edge of all excluding Safe-dice which I wont tend to use it ever due its known issues.


I use basically only Yolodice, which has 1% house edge... not below the standard, as you mentioned.

I noticed some gambling websites do not show house edge ,like TrueFlip.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: ralle14 on October 13, 2019, 05:22:49 PM
I noticed some gambling websites do not show house edge ,like TrueFlip.
Without them telling the house edge we can still use the win chance to determine how big they've set it. On dice sites with 1% house edge the win chance for x2 is set to 49.5%. Trueflip shows their win rate is at 47.34% since it's 1% for every 0.5% win chance the house edge is slightly above 5% they don't show it because of how high it is(just like on most slot games) and this is probably the highest house edge on dice.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: YuginKadoya on October 13, 2019, 06:42:27 PM

Safedice 0.5% *use at your own risk. Check ANN for reference


Jesus, Safedice has horrible reviews.

I guess having a house edge too low comes with its drawbacks.

Thanks for the extensive list though, I'll go through them all to see which has the best games for the task.

Well, a horrible review or not will always come to a drawback when you play gambling I think you already know this that playing gambling will always come in a loss in the long run even with a 1% of the house edge, Well base on my experience because of the risk involved in it.

I have a question that is in the back of my mind does casino really has a 1% house edge are they true to us? and I think there are no casino gambling that will put a no house edge on it because how can they profit with a casino that is only giving winning bets, so whatever I think having fun and enjoying is the key and don't have regrets in the end, So why not try WOLF.BET has a 1% house edge and the games are truly enjoyable.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: ivorychris on October 13, 2019, 07:52:18 PM
Bitbook only takes a small cut for their service. around 1-5%.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Zicadis on October 13, 2019, 08:44:49 PM
Bitbook only takes a small cut for their service. around 1-5%.


Since when is 5% a small cut?

That sounds like a ridiculously high house edge to me.

Without them telling the house edge we can still use the win chance to determine how big they've set it. On dice sites with 1% house edge the win chance for x2 is set to 49.5%. Trueflip shows their win rate is at 47.34% since it's 1% for every 0.5% win chance the house edge is slightly above 5% they don't show it because of how high it is(just like on most slot games) and this is probably the highest house edge on dice.

That's the issue I am facing. A lot of sites aren't actually that transparent about their house edge, or there is some sort of sneaky mechanism behind it that makes it more than it initially appears.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: nakamura12 on October 13, 2019, 09:49:49 PM
Since when is 5% a small cut?

That sounds like a ridiculously high house edge to me.
I think so too. 5% is not a small cut. Imagine if you know how many gamblers are playing their games and lose. Adding all of the money that the gamblers lose and deduct the overall total by 95% and i'm sure the result is no joke. The total money that the site owner can get with 5% is not small enough to be considered as low house edge.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Haunebu on October 14, 2019, 09:49:32 AM
Honestly, I would simply choose a casino whose house edge is close to 1% and is reputed(Bitsler etc) since you won't find a big difference between 0.5% or 1%. We will always lose in the long term which is why I don't really focus too much on the house edge factor.

There are some sites that advertise 0% house edge(Forgot the names), but I am not sure how they would stay operational with such a model. It just helps psychologically, but you will still lose in the long run.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: SummerBliss on October 14, 2019, 10:03:41 AM
Honestly, I would simply choose a casino whose house edge is close to 1% and is reputed(Bitsler etc) since you won't find a big difference between 0.5% or 1%. We will always lose in the long term which is why I don't really focus too much on the house edge factor.

I agree. 1% is already negligible house edge. You won't find any difference while playing, for the most parts outcomes will be 50-50. And in my knowledge almost all big and reputed platforms have 1% house-edge. So this shouldn't be the prominent for deciding casino.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: panjul07 on October 15, 2019, 07:19:42 AM
Bitbook only takes a small cut for their service. around 1-5%.


Looking at your post history, you have mentioned this site several times already. Are you promoting it as player or you are one of their team members?
Frankly speaking, it is the first time I heard about bitbook. I just did quick visit on the main site and I can say that it is just another casino sites that provides games from some various gaming providers and sports betting. Most of the games are slot games which has high house edge, so I do not think that they only take small cuts from the games unless you are talking about the sports betting.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: swogerino on October 15, 2019, 08:27:13 AM
Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: xSkylarx on October 15, 2019, 10:28:34 AM
Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: NeuroticFish on October 15, 2019, 11:02:31 AM
I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

I don't agree. They can go lower easily. (Just they don't need that). It actually depends on how many paying players they have and the competition.

As the number of them increases, indeed, at start there are certain costs for better hardware, hosting, ... but after that's done, they can go with lower house edge.
Just that's not necessary yet. The number of good casinos is so small they don't have to cut their earnings in order to gain extra customers (and for now they also have their promotions and games to keep the things interesting too).

And let's be honest, 1% is not that big either. What's the house edge at Las Vegas?


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: Zicadis on October 15, 2019, 11:49:08 AM
I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

I don't agree. They can go lower easily. (Just they don't need that). It actually depends on how many paying players they have and the competition.

As the number of them increases, indeed, at start there are certain costs for better hardware, hosting, ... but after that's done, they can go with lower house edge.
Just that's not necessary yet. The number of good casinos is so small they don't have to cut their earnings in order to gain extra customers (and for now they also have their promotions and games to keep the things interesting too).

And let's be honest, 1% is not that big either. What's the house edge at Las Vegas?

In Vegas the house edge changes depending on the game you're playing, e.g. it's around 5% for roulette.

However, what you said about 1% not being high is definitely true, though it is clearly possible to go lower by benefiting from the economies of scale.

The problem is when newer casinos try to launch with a low house edge, then they don't realize the costs involved in maintaining their site, which eventually causes them to either go under or exit scam.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: MonsterV on October 15, 2019, 05:23:03 PM
Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

That's right dude, casino is indeed a gamble but it must have a business system in it where  developers and users are both benefited and not one-sided. If they apply a house edge above 1% then it will benefit developer and vice versa if below 1% it will benefit user. In my opinion, house edge 1% is standard of a casino and that is average of all casinos. If I find something lower than that, then I should be aware of the casino.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: safari88 on October 15, 2019, 05:36:10 PM
I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

if you visit stake.com you will saw that the lowest House Edge there is 0.48% for blackjack with the highest is Roulette right now with 2.7%
https://i.imgur.com/iaVkTfk.png


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: tsaroz on October 15, 2019, 05:40:29 PM
Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

That's right dude, casino is indeed a gamble but it must have a business system in it where  developers and users are both benefited and not one-sided. If they apply a house edge above 1% then it will benefit developer and vice versa if below 1% it will benefit user. In my opinion, house edge 1% is standard of a casino and that is average of all casinos. If I find something lower than that, then I should be aware of the casino.

The income of a casino actually depends on the volume of money being wagered. It's nearly about house edge percentage of total money wagered in long run.
So the profit of a casino with .5% house edge is half of 1% house edge on equal amount wagered. Even a casino with house edge 0.5% can make huge yields if it's successful in bringing people to gamble more money.


Title: Re: Which Casinos Have the Lowest House Edge?
Post by: shoreno on October 17, 2019, 01:09:37 PM
Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

That's right dude, casino is indeed a gamble but it must have a business system in it where  developers and users are both benefited and not one-sided. If they apply a house edge above 1% then it will benefit developer and vice versa if below 1% it will benefit user. In my opinion, house edge 1% is standard of a casino and that is average of all casinos. If I find something lower than that, then I should be aware of the casino.

The income of a casino actually depends on the volume of money being wagered. It's nearly about house edge percentage of total money wagered in long run.
So the profit of a casino with .5% house edge is half of 1% house edge on equal amount wagered. Even a casino with house edge 0.5% can make huge yields if it's successful in bringing people to gamble more money.

anyone can wagger high amounts with a small balance as long as they will use appropriate strategy like 1.01x on dice with a higher amount of bet . i think the amount waggered is not a basis of thier income not unless if all of those who waggered big are loosers or have lost huge amount of cryptos . 1percent or lower than one percent , it does not matter but they can only earn big if they have a lot of costumer that plays on them  . they can only do that if they have a good and fair service