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241  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] [ICO] EDGELESS - New Era Of Casino (0% Edge and Full Transparency) on: December 17, 2016, 12:45:34 PM
Quote from: ranlo on December 17, 2016, 12:39:35 PM
Quote from: Arrakeen on December 17, 2016, 07:33:27 AM
Just curious how much you spent on that huffington post article?

The author states she does 'PR' work - which basically means 'paid advertising' - and has a total of three articles published:

One is a generic facebook-esque list on how to become motivated, one is attempting to sell....smart...surge protectors....and one is an edgeless promotion.

Only trying to shed some light on what seems to be this month's MSM buzzword: 'fake news'  Smiley

They must have spent all their money on that promotion instead of hiring someone to read over their writing. Not only is their business model highly flawed, but their text is full of errors as well. This is clearly a rush job. If you invest in it, you're going to get burned.

I agree. Full of errors and the biggest error was coming onto bitcointalk and expecting not to get ripped apart by the real pros who lurk in the darkness.

Frank Lefty Rosenthal signing out.
242  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] [ICO] EDGELESS - New Era Of Casino (0% Edge and Full Transparency) on: December 17, 2016, 12:39:24 PM
Quote from: Edgeless on December 17, 2016, 12:34:27 PM
Quote from: Frank Lefty Rosenthal on December 17, 2016, 12:07:29 PM
I know a lot about casinos, more then anyone here and I've read your whole post and I can say that without a doubt this is 100% the stupidest ico pitch ever. Be a big man and run a real casino like I have and then maybe you'll understand why your idea is the shitspits.

"be a big man and run a real casino" - do you refer to massive transparency issues most online casinos has or unfair house edge it offers to clients?

Your statements do not have any strong arguments nor data.

We can predict that a lot of competitors and casinos are afraid of our concept because it will raise the bar and they will start losing clients. Edgeless is coming for you, Frank.

Im out of this business for the last 40 years. I did my time little boy and made millions doing it, Im not here to argue with you or prove my point. But the fact remains the same. No money gets made from sports betting for casinos and you proclaiming that that's where you're going to make your money is insightful into the "casinio businessman" you are. I predict a huge failure and massive total losses for anyone who invests here.


Frank Lefty Rosenthal signing out.
243  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] [ICO] EDGELESS - New Era Of Casino (0% Edge and Full Transparency) on: December 17, 2016, 12:33:17 PM
Quote from: Edgeless on December 17, 2016, 12:28:04 PM
Quote from: HmmMAA on December 16, 2016, 09:51:21 PM
Just a question . How can shareholders earn 14,xx % with a zero edge for casino ? Where the profit comes from ?


There are several ways casino will profit. Games of luck+SKILL and Sports betting.

First two games we will provide are: Blackjack and Video Poker. Both games are combination of luck and SKILL. That means players make choices and play it perfectly or play it bad. Just to give an example of a situation:

Blackjack:

House has a card 6.
Player has 16.
Player wants to collect at least 17 and hits one more card. - THAT IS WRONG.
He just made a huge mistake, because 12+ against 6 ALWAYS STAYS.

An average player does not play ‘the perfect game’ therefore casino makes profits from his mistakes in the long run.

An analogy can be taken from poker. New player is playing against Pro. Both have an equal probability conditions - 50% vs 50%. However Pro player makes better choices and new player makes bad choses - in the long run Pro wins.

TAKE A LOOK A HUGE RESEARCH MADE ON PLAYER MISTAKES AND BLACKJACK - on average they give away 0.83% edge to the casino. https://wizardofodds.com/image/ask-the-wizard/how-poor-are-bj-players.pdf

Second stream of profits will come from sports betting. Sportsbetting is connecting bettors against each other and charging vig/ juice/ rake from each side for their bets. In this area casino will earn 4% from all money wagered.

Just to sum up - edgeless games will attract a lot of people enjoying fair bet conditions and decent percentage from visitors will do sports betting. Concept is not out of the blue - most online casinos offer sports betting together with traditional casino games.



You know nothing about what your talking about do ya? You wont make any money on sports betting, no legit casino's do. In fact the lose on the sports gambling quite often, the only people who make money on sports gambling is local bookies who make it on the juice or vig. However you slice it you know nothing about the casino business.
Take it from me everyone, Red flags everywhere and the stench of noob acting pro is strong.

Frank Lefty Rosenthal signing out.
244  Economy / Gambling / Re: Bitcoin Horse Racing on: December 17, 2016, 12:21:09 PM
I ran a few horse racing rackets back in the golden era. Back then you could get away with murder and these days you cant even wager 10K without showing some ID.
Before I die id like to see Vegas back to its old style, even if just for a day. Here's to keeping the hopes high and the money stacking higher.

Frank Lefty Rosenthal signing out.
245  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] [ICO] EDGELESS - New Era Of Casino (0% Edge and Full Transparency) on: December 17, 2016, 12:07:29 PM
I know a lot about casinos, more then anyone here and I've read your whole post and I can say that without a doubt this is 100% the stupidest ico pitch ever. Be a big man and run a real casino like I have and then maybe you'll understand why your idea is the shitspits.

Frank Lefty Rosenthal signing out.
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