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Question:
Do you think any casino will offer zero/negative house edge?
Yes
4 (13.8%)
No
21 (72.4%)
I don't know/I don't care
4 (13.8%)
Total Voters: 29
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martinacar
Sr. Member
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Activity: 462
Merit: 250
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 04:49:41 PM
#21
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.
cpfreeplz
Legendary
Offline
Activity: 966
Merit: 1042
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 04:50:56 PM
#22
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?
katerniko1
Legendary
Offline
Activity: 966
Merit: 1000
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 05:36:55 PM
#23
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
eternalgloom
Legendary
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Activity: 1792
Merit: 1283
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 05:41:39 PM
#24
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?
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tn211
Hero Member
Offline
Activity: 778
Merit: 500
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 07:20:49 PM
#25
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.
crairezx20
Legendary
Offline
Activity: 1638
Merit: 1046
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 07:33:55 PM
#26
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..
Rubberduckie
Legendary
Offline
Activity: 1442
Merit: 1000
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 08:37:41 PM
#27
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
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Bitinity
Legendary
Offline
Activity: 3122
Merit: 1314
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 08:48:05 PM
#28
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
SparkedDev
Hero Member
Offline
Activity: 896
Merit: 1000
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 09:04:00 PM
#29
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
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martinacar
Sr. Member
Offline
Activity: 462
Merit: 250
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 09:13:15 PM
#30
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.
eerygarden
Sr. Member
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Activity: 406
Merit: 250
Re: Do you think any casino will offer zero/negative house edge?
April 28, 2016, 09:54:33 PM
#31
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.
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