deisik (OP)
Legendary
 Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
 |
March 31, 2015, 10:14:46 AM
Last edit: March 31, 2015, 04:49:31 PM by deisik |
|
This topic should be considered as a part of a related topic on negative house edge, but since people tend to repeat again and again what has already been discussed in that topic, I thought it would be wiser to start a new one dedicated to this issue only. Since many think the idea of a negative house edge is stillborn, I suggest that the house edge should depend on either the betting speed or house profit... So, would a variable house edge (probably, from negative to positive) attract new users, and is this idea viable at all? |
|
|
|
|
GrandmaJean
|
|
March 31, 2015, 10:18:00 AM |
|
This topic should considered as a part of a related topic of negative house edge, but since people tend to repeat again and again what has already been discussed in that topic, I thought It would be wiser to start a new one dedicated to this issue only. Would a variable house edge (probably, from negative to positive) attract new users, and is this idea viable at all? of course it would attract more players. even though it would be still impossible to beat the casino. i think its the way for casinos to get more players |
|
|
|
|
|
qwer312
|
|
March 31, 2015, 10:24:28 AM |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
|
|
|
|
|
|
GrandmaJean
|
|
March 31, 2015, 10:28:28 AM |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
well it could be positive house edge too so why would anyone play on -2 % edge while they could play on positive house edge? |
|
|
|
|
deisik (OP)
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
|
March 31, 2015, 10:33:41 AM
Last edit: March 31, 2015, 11:40:27 AM by deisik |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book). They pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops... |
|
|
|
|
fox19891989
|
|
March 31, 2015, 10:38:33 AM |
|
IMO slot may have variable house edge.
I have tried slots in a casino, and I use the same bankroll and the same bet, even I played in the same slots, I have different result in different time.
Maybe the reason is luck, the more reasonable explanation could be variable house edge.
I guess casino can change or set the house edge of slot? I am not sure.
|
|
|
|
|
katerniko1
Legendary
Offline
Activity: 966
Merit: 1000
|
|
March 31, 2015, 10:48:18 AM |
|
if its negative to positive it would be great  |
|
|
|
|
|
98problems
|
|
March 31, 2015, 11:01:08 AM |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book), which pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops... wait so the variable house edge would be different for different amount of bets not for win/lose contrast? if yes the casino will not attract players |
|
|
|
deisik (OP)
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
|
March 31, 2015, 11:27:40 AM |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book), which pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops... wait so the variable house edge would be different for different amount of bets not for win/lose contrast? if yes the casino will not attract players What made you think so? Actually, I had two ideas regarding a variable house edge (which I proposed in the Negative House Edge thread). The first one is about the house edge being dependent on the time interval between bets, i.e. the lesser the gap, the higher the edge. The second idea makes the house edge depend on the house profit, i.e. the higher the profit, the lesser the edge... Updated the opening post to avoid further confusion |
|
|
|
|
syamster
|
|
March 31, 2015, 11:30:03 AM |
|
What will be the difference between negative and positive edge ? I tried lots of dice sites, at last every one is same, my account become zero, so whats the advantage you are talking about ?
|
|
|
|
deisik (OP)
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
|
March 31, 2015, 11:35:28 AM |
|
What will be the difference between negative and positive edge ? I tried lots of dice sites, at last every one is same, my account become zero, so whats the advantage you are talking about ?
If you mean an advantage to users, then, for example, making the house edge dependent on the house profit gives you a real possibility to earn something there. Is this not interesting enough to bring in new players? To me, it would look more like investing, though still giving you a thrill and jeopardy of losing everything in the end... |
|
|
|
|
syamster
|
|
March 31, 2015, 11:36:54 AM |
|
Yes interesting, but do you think, they started a dice site for giving away money ? I dont think so...
|
|
|
|
deisik (OP)
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
|
March 31, 2015, 11:42:48 AM |
|
Yes interesting, but do you think, they started a dice site for giving away money ? I dont think so...
They won't be giving away money, they would be sharing some of their profits, right. But if the house may in the end earn more with a variable house edge than with a fixed one (through expanding their userbase), this would be a wise business strategy, wouldn't it? |
|
|
|
|
syamster
|
|
March 31, 2015, 11:50:23 AM |
|
hmmmmmmmmmmm..... now I understood... variable are better so that they can create a userbase in the competitive industry... thanks for the info mate....so its basically a promotion tactics, later they can change the house edge....
|
|
|
|
deisik (OP)
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
|
March 31, 2015, 12:04:43 PM |
|
hmmmmmmmmmmm..... now I understood... variable are better so that they can create a userbase in the competitive industry... thanks for the info mate....so its basically a promotion tactics, later they can change the house edge....
You're welcome! So, in a sense, a negative house edge can be considered more as an investment option for those dice sites that don't want to bother about allowing users to invest directly or on a permanent basis (or just don't want outside investments altogether)... |
|
|
|
GoodMerchant
Newbie
Offline
Activity: 52
Merit: 0
|
|
March 31, 2015, 12:15:12 PM |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
well it could be positive house edge too so why would anyone play on -2 % edge while they could play on positive house edge? he never said negative HE  |
|
|
|
|
arallmuus
Legendary
Offline
Activity: 2590
Merit: 1414
|
|
March 31, 2015, 12:21:25 PM |
|
variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more
As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book), which pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops... wait so the variable house edge would be different for different amount of bets not for win/lose contrast? if yes the casino will not attract players What made you think so? Actually, I had two ideas regarding a variable house edge (which I proposed in the Negative House Edge thread). The first one is about the house edge being dependent on the time interval between bets, i.e. the lesser the gap, the higher the edge. The second idea makes the house edge depend on the house profit, i.e. the higher the profit, the lesser the edge...
Updated the opening post to avoid further confusion there is actually two variable house edge sites here already which is moneypot and safedice and almost like you proposed, the house edge go higher if we tend to get the higher multiplier |
| R |
▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO
FUTURES | | | | | | | │ | 1,000x
LEVERAGE | │ | COMPETITIVE
FEES | │ | INSTANT
EXECUTION | │ | .
TRADE NOW |
|
|
|
shanem
Legendary
Offline
Activity: 1344
Merit: 1000
|
|
March 31, 2015, 12:36:55 PM |
|
Whales would not bet at places where you are variable house edge as they would not know whether the house would have a big house edge over them.
Even if you publish your house edge daily, people would wait until your house edge is at the lowest point before they bet.
|
|
|
|
deisik (OP)
Legendary
Offline
Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
|
|
March 31, 2015, 12:42:50 PM |
|
Whales would not bet at places where you are variable house edge as they would not know whether the house would have a big house edge over them.
Even if you publish your house edge daily, people would wait until your house edge is at the lowest point before they bet.
If the house edge is made dependent on the profit earned by the house, the longer they wait, the higher it will be. Up to a point where it becomes no different from betting at sites where the house edge is firmly fixed. Therefore it should never be the case. Furthermore, the house edge changes can be shown in real time, so no big issue here either, in regard to big whales or whoever it may concern... |
|
|
|
Phildo
Legendary
Offline
Activity: 1526
Merit: 1000
|
|
March 31, 2015, 02:06:39 PM |
|
You are probably better off just offering the smallest house edge you can live with.
Changing the odds based on how often people bet probably won't work too well because that will encourage people to bet too much, which will probably make them go broke a lot faster than other ideas. You can shear a sheep many times, but you can only eat it once.
I also don't think varying it based on profit is a smart idea either. The profit should always be going up, a counter on the website showing exactly how much money you are winning (aka how much bettors are losing) doesn't seem like the best play. Also, if it updates in real time and the odds change after every bet, you are going to have more people walking away after wins. If I just won 1.99 on a 50% bet and it tells me 1 second later I can only win 1.97 on that bet I'm a lot more likely to stop.
|
|
|
|
|
|
Poll
