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Other => Archival => Topic started by: ABCbits on April 28, 2016, 09:47:37 AM



Title:
Post by: ABCbits on April 28, 2016, 09:47:37 AM


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: altcoinhosting on April 28, 2016, 09:50:47 AM
Do you think any casino will offer zero/negative house edge?
I mean offer zero/negative house edge forever, not when there's an event/promotion/giveaway.

Personally, i think it some casino will offer zero house edge forever.

Where will they make their money if they have 0 house edge?
Personally, i wouldn't trust a casino that did this, i would always have a gut feeling they get their money by cheating the gamblers.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: emberbekas on April 28, 2016, 11:33:32 AM
Do you think any casino will offer zero/negative house edge?
I mean offer zero/negative house edge forever, not when there's an event/promotion/giveaway.

Personally, i think it some casino will offer zero house edge forever.

I dont think they will do that. Sometimes a casino will offer 0% house edge but when there is an event or as promotion only. And they offer mostly will stay for about an hour or two. If a casino offer 0% house edege forever maybe I wont go and play at that casino since Im affraid they will do something bad with the system to gain profit due to they have no house edge(house edge is the main profit from a casino in my opinion).


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: RussianRaibow on April 28, 2016, 12:05:51 PM
There is no way any casino could possible run with a zero house edge (especially a negative house edge) forever.  It's called math.  They would run out of money to lose and go bankrupt.  How is it that you think a casino could give a zero/negative house edge continually?


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: DogecoinMachine on April 28, 2016, 12:23:14 PM
We, at www.crypto-games.net (http://www.crypto-games.net) are already offering 0% House edge on special promotions from time to time!

Last one was on April 8th (link (https://bitcointalk.org/index.php?topic=750760.msg14455573#msg14455573))! To catch the next one you'll have to watch our thread or subscribe to our newsletter  ;)



Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: newcripto on April 28, 2016, 12:49:51 PM
I don't think on permanent basis any casino can offer zero house edge.Timely or for promotional purposes if there are offers that is other thing.Actually this is the area which is necessary for any casino to take out their expanses to be able to survive.House edges are already very low on many sites but zero will not be at least in near future.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: NLNico on April 28, 2016, 12:55:59 PM
It is possible if the site makes their profit from advertisements (or potentially other sources.)

I think it generally would be too risky for a game vs the house, since they would need to risk their bankroll and could be easily screwed because of variance. So I don't think you will see zero/negative house edge often.

But it makes more sense for a game which isn't vs the house but vs other players (so also no negative house edge, but break-even/profitable edge for players.) A clear example would be PevPot, which had advertisements and provided a EV+ game for players. Still this game didn't really become popular (and stopped) so it shows players don't really care about their edge.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: BTCevo on April 28, 2016, 01:57:24 PM
Do you think any casino will offer zero/negative house edge?
I mean offer zero/negative house edge forever, not when there's an event/promotion/giveaway.

Personally, i think it some casino will offer zero house edge forever.

Actually what is the point of having this question? This is just so absurd, there is so many people already that gamble using 1% house edge or even more so why do they want to make it lower than 1% or even zero house edge? Having such thing will be disadvantage to them so why they want to do this if many people want to play on higher house edge? This will waste their time and effort


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: Metadextrous on April 28, 2016, 02:00:42 PM
Do you think any casino will offer zero/negative house edge?
I mean offer zero/negative house edge forever, not when there's an event/promotion/giveaway.

Personally, i think it some casino will offer zero house edge forever.
Honestly, i don't really care about the house efge because i only gamble when i feel like it and want to play with my money. So profit or not doesn't really matter.

That aside, i think there will never be a casino that always offer zero/negative house edge because they got their income from that house edge.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: Shinpako09 on April 28, 2016, 02:07:49 PM
Eventhough house always win in gambling I dont think there will be a casino that will offer zero house edge forever. Thats way to risky on the part of the owner.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: Herbert2020 on April 28, 2016, 02:36:26 PM
well i think house edge is the edge that the house need to have over the players just to secure the "house always wins" unwritten rule. and it makes their business more profitable, and it is all about that profit for them.

and that is why i am voting for no.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: hasiramasenju on April 28, 2016, 02:54:09 PM
if for zero house edge i was might see few casinos online offering these but for negative house edge till now i was never know if any or some casinos offering these too but basically i don't really care how much percentage house edge offering for me because as long i can won a lot it doesn't matter for me


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: maxhor on April 28, 2016, 03:00:19 PM
Impossible i don't think any casino can afford this with zero house edge, every business comes for to make good profit so who will offer this kind of casino games with zero house edge when it is key for any casino to make profit in the long term otherwise they will close their business.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: 2012 on April 28, 2016, 03:02:57 PM
It doesn't make any sense to me why any casino will offer zero/negative house edge, i don't think we will see that kind of casinos in future.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: bitraine on April 28, 2016, 03:27:56 PM
few casinos offering zero house  edge but yeah its for limited time and for promotional events only.
there will never be a casino that will offer zero house edge forever, and if there is, you have to stay away from it by the fact that their gambling games are rigged.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: galbros on April 28, 2016, 03:29:38 PM
Gonna be hard for them to cover their costs.  I guess in a way faucets are kind of like this, maybe if somehow ad revenue offset what would have to be a microscopic player advantage.

Of course many will claim scam, just as many already do with sites such as 999 dice.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: AcoinL.L.C on April 28, 2016, 03:30:44 PM
Its impossible to offer a sustainable zero house edge game, anyone offering a negative house edge is a scam. Advertisements pay much to little (especially in BTC space). Not to mention server costs, time vested etc.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: fulgdenea on April 28, 2016, 03:38:21 PM
I think it will be much hard for any casino to run that kind of zero/negative house edge for a long term, i saw some casinos offering for short of time of period that kind of promo, it is really costly to run a gambling site and maintain it for long term than it will hard to survive for any casino with this kind of offer.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: dishku on April 28, 2016, 03:38:34 PM
I do not care much of house edge.I do not think it is practically possibly for any transparent and fair site to introduce such thing.No one can afford to pay maintenance and running costs from pocket and let the site work as charity or non profit base.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: Shogen on April 28, 2016, 03:39:46 PM
-snip- so it shows players don't really care about their edge.

That is very true for the majority gamblers from what I have seen. If gamblers does care about house edge a lot, we will only have some dice sites with extremely low house edge while all the currently very popular dice sites (with ~1% house edge), roulette, slots etc should long be dead. So actually, it is better for sites to have a reasonable house edge and then spend part of their profit on events, affiliate payments, better server, better UX and better support etc.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: martinacar on April 28, 2016, 04:49:41 PM
Most likely they will not do this because a casino also need to earn its money and mostly they also have investors they have to pay..
The casino's will always have this, I have no doubt about that to be honest.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: cpfreeplz on April 28, 2016, 04:50:56 PM
Clearly not. If they did it would only be because they're making money in some other way. It would never be advisable though. Why make less money than you could potentially?


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: katerniko1 on April 28, 2016, 05:36:55 PM
zero/negative house edge would be great but i dont think any casino will come up that will be legit  because they are risking having a gambling site without any profits at all. witch is deffinatly no worth for them running it,
regards.
-Katerniko1


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: eternalgloom on April 28, 2016, 05:41:39 PM
That just isn't a sustainable business model, you will end up losing your bankroll of someone wins a big amount, there's always variance...
Maybe it would be possible if they set the maximum payout very low, but who in the right mind would pay for server costs etc. and basically make no profit whatsoever?


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: tn211 on April 28, 2016, 07:20:49 PM
A casino never will do this because indeed a casino also need to make money on the people, otherwise it will not even exist anymore.
I think this is not possible and it also will never happen in my eyes.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: crairezx20 on April 28, 2016, 07:33:55 PM
No impossible there's no gambling that has no house edge and i think it can effect for their business maybe it can result into drain balance of the sites.. and i think they are making a profit because of house edge.. and for investors..
so Provably no for me..


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: Rubberduckie on April 28, 2016, 08:37:41 PM
you shoulda named this thread...

Do you think any gas stations will give away free petro?

yeah and they offer 1 free money tree with sign up


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: Bitinity on April 28, 2016, 08:48:05 PM
Zero/negative house edge casino forever? Are you kidding mate? If there is a casino that offers zero/negative HE forever, there are only two possibilities :
1. The casino will turn to a scam sooner after launch
2. The owner is a stupid rich man who want to share his money :)


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: SparkedDev on April 28, 2016, 09:04:00 PM
Yeah at that point its not a casino.
Unless the site has an investment service tied into it an are invested with the users.
But even then with no edge how would they gain anything.

Unless you mean like a 0.55 edge


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: martinacar on April 28, 2016, 09:13:15 PM
This will never happen in my eyes, its just not possible because indeed casino's need to gain money to pay the servers and other things.
In the overall I think its not possible to achieve this as a casino to be honest.


Title: Re: Do you think any casino will offer zero/negative house edge?
Post by: eerygarden on April 28, 2016, 09:54:33 PM
Not beyond a promotion like has already been suggested in other comments but I do think one day that there will be decentralised software that can offer 0% edge ONE DAY.

I can't see a way around players not getting their complete bets on though. If you take a coin toss as an example with pools of money being placed on one of two outcomes (heads or tails). It's very unlikely that the same total sums will be placed on the same selections so an amount will have to be returned to those betting on the selection with most stake.

For example say 100 players bet a collective total of
100 on heads
110 on tails

A total of 10 needs to be returned among all the players who selected tails reducing their preferred bet size as a percentage amongst all the other bettors who had selected tails. So this would be a bit sucky if you only got 90% of your preferred bet size down. However, it would be a totally fair 0% edge bet.

Incorporating this in to traditional casino games would likely bring down the percentage of getting your preferred bet size matched, unless it was super liquid, but again your bets would be fair. You can remove the 0 from roulette to make it fair and a mathemetician would have to tell you how to make blackjack have a 0% edge. It's surely possible though.

Dice software instead of dice sites too. Remove the trust, let machines provide the service.