|
worldofcoins
|
 |
September 13, 2020, 09:44:00 AM |
|
Thats weird I have never heard of a gambling site / game that has 0% house
edge. I guess their form of revenue would be advertisements then? Just seems odd
and would be afraid to deposit or win to much that they wouldn't pay.
Please check my sig. They dont have any ad on their site and their payments are verifiable on blockchain. I'm not sure i'd trust a site with 0% edge. the best sites are upfront about where you stand and it's provable. this sounds like a way to tempt the greedy, and gamblers already are, and help themselves to your money either by an exit scam or screwing you on your wins.
"The gambling industry will not stay at a 1% house edge. Soon it will be 0%." - Predicted an article published on May 27, 2014 - https://www.bitedge.co/blog/0-house-edge-provably-fair-and-trustless-gambling/Today, we are witnessing it to be a reality. Yes it's weird a gambling website having 0% house edge, Gambling websites are meant to take money from players in long run. There's little to no chance that there's a casino that lets users play on 0% edge. (Excluding Events) |
|
|
|
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Shimmiry
Full Member
 Offline
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
|
|
September 13, 2020, 10:40:03 AM |
|
Yes it's weird a gambling website having 0% house edge, Gambling websites are meant to take money from players in long run.
There's little to no chance that there's a casino that lets users play on 0% edge. (Excluding Events)
Indeed, that is why this thing is what should a gambler know before going in and play into the casino he prefers to play at. Every casinos does have house edge, most of them are saying that on their documents. That is a nature of casinos, to win in the long run, tho, there might be some that loss due to some good gamblers. |
|
|
|
phreess
Copper Member
Jr. Member
Offline
Activity: 268
Merit: 7
Phreess - A Self-Appreciating Token
|
|
October 28, 2020, 11:00:44 AM |
|
It's ridiculous if there is a popular gambling site which offers 0% house edge, I can't even imagine how gambling sites are
can survive and make a profit. If there are gambling sites that offer this, my advice is to immediately avoid that gambling sites.
Because most likely that gambling sites are scams. I wouldn't waste my money trying to play at gambling sites that offer
a 0% house edge.
That is why we don't see any 0% house edge in our midst because it's not going to be competitive and if they are not here to make a profit what are their intentions, you guess is as good as mine, it can't stand here, there will be a shadow of a doubt why they set up a 0% house edge and old gamblers will not be attracted to such gambling sites. That means the site is unique if its not competitive . Not competitive means it can easily get attention or lots of costumers but there is also a drawback because of that 0 percent house edge tag line where people put doubts . If profit is not thier top priority then we can assume that all they want is to provide happiness to the gambler only for a limited time . That's also a sensible assumption when there are gambling sites that offer a 0% house edge. But, does it really exist? Because when it does exist, then at least gamblers will easily become rich in just a short time, right? So, even though we may find these offers every now and then, we basically have to be aware of them because there are many possibilities that will just bankrupt us. Beware of offers that don't even make sense I guess. remember the edgeless project - they are promoting about 0% HE and full transparency. wonder if they indeed are practicing the 0% house edge til now? https://bitcointalk.org/index.php?topic=1718384.0https://edgeless.io/reading the last post on their thread, seems that they are not active in responding to their players. last post was this April. so is 0% HE really working for them? i dont think so. Well, they have an erc-20 token, so that's where they make their money. Prob they sold their tokens and as they don't make money from their site, they let it die. |
|
|
|
|
aioc
|
|
October 28, 2020, 11:15:09 AM |
|
That is a nature of casinos, to win in the long run, tho, there might be some that loss due to some good gamblers.
There are not many gamblers who can beat the house, they are just lucky that they hit the jackpot, but it's good that there are who hit the jackpot, because it will make people motivated to play, I have seen people actually winning huge jackpot, so people do not have issue at all if the house an edge as long as it's provably fair and the winners are getting their money. |
|
|
|
|
ongkok87
|
|
October 28, 2020, 11:29:31 AM |
|
I think it is impossible to have 0% edge. That is why they always make money in long term. Simple example is a tennis match with 2 outcomes and 50-50% chances.
It should be 2.00 -2.00 odds, but it is 1.90 for both.
|
|
|
|
Cnut237
Legendary
Offline
Activity: 1904
Merit: 1277
|
|
October 28, 2020, 05:26:05 PM |
|
Thats weird I have never heard of a gambling site / game that has 0% house
edge. I guess their form of revenue would be advertisements then? Just seems odd
and would be afraid to deposit or win to much that they wouldn't pay.
I'd be skeptical, too. If you were genuinely running no house edge, surely you'd need a phenomenal amount of advertising revenue to offset your risks? If you are actually running 0% on all games, then how for example do you cover yourself on something that's pure luck, such as roulette? To run 0% you need the house to play better than the player does, over the long-term. In pure luck games it's straight flow through - it's pure luck if the casino makes any money or not. |
|
|
|
Kong Hey Pakboy
Member
Offline
Activity: 1120
Merit: 68
|
|
October 30, 2020, 12:34:07 PM |
|
I think it is doubtful for gambling sites to have a 0% house edge because how would casinos earn money if they don't have an advantage and can make money in every gambler's bet. I think I can't play nor trust if I encounter a gambling site that doesn't have a house edge because it is too good to be true that it might be a scam.
|
|
|
|
|
suzanne5223
|
|
October 30, 2020, 07:31:08 PM |
|
I think it is doubtful for gambling sites to have a 0% house edge because how would casinos earn money if they don't have an advantage and can make money in every gambler's bet.
There will never be a gambling with 0% house edge cause the house edge was set in other to help the site make profit so they fix some cost which will allow the business to control running or else the gambling site will bankrupt. I think I can't play nor trust if I encounter a gambling site that doesn't have a house edge because it is too good to be true that it might be a scam.
Everything that seems good to be truth is totally a scam and if any gambling site claim to be 0% house edge then they are trying to steal from people. |
|
|
|
pankowri
Member
Offline
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
|
|
October 30, 2020, 11:13:35 PM |
|
^^^Title speaks for itself...
Okay then you are searching for a website that is giving a 0% house edge for gambling. I didn't hear about any site which is giving such a thing rather than it can be given for a certain period as their promotion so that they can get some traffic. I don't have any experience of grabbing 0% HE from the gambling site so far. |
|
|
|
AmoreJaz
Legendary
Offline
Activity: 3094
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
|
|
October 30, 2020, 11:21:15 PM |
|
I think it is doubtful for gambling sites to have a 0% house edge because how would casinos earn money if they don't have an advantage and can make money in every gambler's bet.
There will never be a gambling with 0% house edge cause the house edge was set in other to help the site make profit so they fix some cost which will allow the business to control running or else the gambling site will bankrupt. I think I can't play nor trust if I encounter a gambling site that doesn't have a house edge because it is too good to be true that it might be a scam.
Everything that seems good to be truth is totally a scam and if any gambling site claim to be 0% house edge then they are trying to steal from people. remember the edgeless project ( https://bitcointalk.org/index.php?topic=5235474.0), they were promoting to have 0% house edge before. but wonder if they are still practicing the 0% HE til now. but tbh, doubt the intentions of casinos promoting to have 0% HE. they need to get income in some way, so we dont know where they will get that from their players if they will not implement HE. it is important for their survival as a casino |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
suzanne5223
|
|
October 31, 2020, 01:47:16 PM |
|
I think it is doubtful for gambling sites to have a 0% house edge because how would casinos earn money if they don't have an advantage and can make money in every gambler's bet.
There will never be a gambling with 0% house edge cause the house edge was set in other to help the site make profit so they fix some cost which will allow the business to control running or else the gambling site will bankrupt. I think I can't play nor trust if I encounter a gambling site that doesn't have a house edge because it is too good to be true that it might be a scam.
Everything that seems good to be truth is totally a scam and if any gambling site claim to be 0% house edge then they are trying to steal from people. remember the edgeless project ( https://bitcointalk.org/index.php?topic=5235474.0), they were promoting to have 0% house edge before. but wonder if they are still practicing the 0% HE til now. but tbh, doubt the intentions of casinos promoting to have 0% HE. they need to get income in some way, so we dont know where they will get that from their players if they will not implement HE. it is important for their survival as a casino This is the first time i hear about this 0% house edge gambling site and going through their page, i wont trust a project that is base on words (with the inclusion telegram group/bot which could be an act of stesling fron people) and no proper introduction/site to be sure if what they offer is genuine. |
|
|
|
Fortify
Legendary
Offline
Activity: 2660
Merit: 1177
|
|
October 31, 2020, 02:08:08 PM |
|
I don't know why you would think that a gambling site would ever have a 0% house edge, unless you were paying a fixed monthly/yearly fee in order to play there. Gambling sites have expenses at the very minimum - hosting the site, providing security, paying for new games to be created, etc. They also want to make a profit, because they are not a charity, so that should make it clear that no online casino would be able to - or even want to offer a 0% house edge.
|
|
|
|
|
|
| R |
▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀ | █████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██ | | | | | | | .
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
████████████░███████▀▄▀
████████████░██▀▄▄▄▄▀
████████████░▀▄▀
████████████▄▀
███████████▀ | ▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▀▄██████▀████░███▄▀██▄
███░█████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀ | | OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI | | |
|
|
|
XZERO1
Member
Offline
Activity: 504
Merit: 33
|
|
October 31, 2020, 03:05:19 PM |
|
Yes it's weird a gambling website having 0% house edge, Gambling websites are meant to take money from players in long run.
There's little to no chance that there's a casino that lets users play on 0% edge. (Excluding Events)
Obviously if they claim the house edge is 0% they should have some other kind of revenue system for them to make money out of, and the closest thing I can think of is to take money out of players pocket in other forms like withdrawal or deposit fees or maybe their casino website is not provably fair as the other ones, because they have to make money somehow to keep their casino going. There are some other ways like those that I mentioned that these supposed 0% house edge casinos can make money from so my suggestion would be to always look for more reputable casino websites instead of looking for minimal or 0% house edge, after all 1-3% house edge which is common among casino websites is not that high and it's definitely not worth it for you to risk being scammed to just use a casino with a little less house edge. |
|
|
|
|
|
AicecreaME
|
|
October 31, 2020, 03:16:32 PM |
|
Thats weird I have never heard of a gambling site / game that has 0% house
edge. I guess their form of revenue would be advertisements then? Just seems odd
and would be afraid to deposit or win to much that they wouldn't pay.
I agree. Having 0% house edge will always be your trauma hiding inside the cabinet. What I mean is, it's just a mere advertisement or a front that all of the gambling sites are saying to attract players making them believe that winning will always happen mostly than losing, but it's the other way around. Gambling sites would never be started by a businessman or businesswoman if they will be softhearted that they think about their players bankroll rather than theirs, it's business, therefore we should always expect them to win often than their players. |
|
|
|
|
|
FinneysTrueVision
|
|
October 31, 2020, 03:57:23 PM |
|
remember the edgeless project ( https://bitcointalk.org/index.php?topic=5235474.0), they were promoting to have 0% house edge before. but wonder if they are still practicing the 0% HE til now. but tbh, doubt the intentions of casinos promoting to have 0% HE. they need to get income in some way, so we dont know where they will get that from their players if they will not implement HE. it is important for their survival as a casino I remember they got a lot of hype during the ICO craze. According to their last blog post from 8 months ago they had fewer than 10 daily users. They had strict KYC restrictions even though they were supposed to be a decentralized casino and I think that is why they never gained any traction. |
|
|
|
|
Yudhisthir
|
|
October 31, 2020, 04:12:10 PM |
|
remember the edgeless project ( https://bitcointalk.org/index.php?topic=5235474.0), they were promoting to have 0% house edge before. but wonder if they are still practicing the 0% HE til now. but tbh, doubt the intentions of casinos promoting to have 0% HE. they need to get income in some way, so we dont know where they will get that from their players if they will not implement HE. it is important for their survival as a casino I remember they got a lot of hype during the ICO craze. According to their last blog post from 8 months ago they had fewer than 10 daily users. They had strict KYC restrictions even though they were supposed to be a decentralized casino and I think that is why they never gained any traction. Zero percentage house edge could be a promotion event or for some special games but a gambling site won't exist if it provides 0% house edge on all games all the times. I've found gambling site providing as low as 0.8% on popular game as dice. There are some gambling sites that provides cashback to the gamblers which also effectively decreases the house edge. But no site would go zero or negative on house edge. |
|
|
|
|
iamsheikhadil
|
|
October 31, 2020, 07:01:44 PM |
|
There is no gambling site that has 0% house edge. Because in the long term, it's because of the house edge that a gambling site and casino makes money. And if there's no house edge, then surely in no way the casino can survive for long because a few lucky player can make the casino go bankrupt!
|
|
|
|
|
seoincorporation
Legendary
Offline
Activity: 3150
Merit: 2937
Top Crypto Casino
|
|
October 31, 2020, 07:20:12 PM |
|
Casinos need to have a house edge to make money in the long run, and if they don't have it then the site will not have a real income, one some users will win while others lose, but the house will get zero from this move.
Is hard and almost impossible to find a legit casino with a house edge, but what you can find is promotions who give a piece of the house edge to the users.
|
|
|
|
phreess
Copper Member
Jr. Member
Offline
Activity: 268
Merit: 7
Phreess - A Self-Appreciating Token
|
|
October 31, 2020, 11:25:01 PM |
|
There is no gambling site that has 0% house edge. Because in the long term, it's because of the house edge that a gambling site and casino makes money. And if there's no house edge, then surely in no way the casino can survive for long because a few lucky player can make the casino go bankrupt!
Yeah, they can survive with 0% edge, the only thing needed is another revenue system, either advertising or fees of some sort. Like the edgeless casino above, they made their money through their coin even though they have a 0% edge. It's like those "free to play" mobile games, that are free to download and play and have no ads, but you would have to buy items from their store. Though, it's not needed to buy, it's an incentive to spend and have an income. |
|
|
|
|
FIFA worldcup
|
|
November 01, 2020, 05:58:32 AM |
|
I don't know why you would think that a gambling site would ever have a 0% house edge, unless you were paying a fixed monthly/yearly fee in order to play there. Gambling sites have expenses at the very minimum - hosting the site, providing security, paying for new games to be created, etc. They also want to make a profit, because they are not a charity, so that should make it clear that no online casino would be able to - or even want to offer a 0% house edge.
If you see any gambling house claiming 0% house edge, then it is a false claim and we should avoid playing at such sites who false advertise such things to get traffic and gamblers. If gambling houses start giving zero percent house edge, they will soon get bankrupt because they will run out of money to pay the gamblers. |
|
|
|
|
|
