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Author Topic: Which gambling sites have 0% house edge?  (Read 13910 times)
RocketSingh
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October 07, 2016, 10:48:35 PM
 #81

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.

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October 07, 2016, 11:18:31 PM
 #82

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
Yeah right its just a small amount every time you are betting or playing..
Nothing matters for me about the house edge its just attractive to increase there players in their site or casino..

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maku
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October 07, 2016, 11:22:32 PM
 #83

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
That is generally true. But when p2p game is hosted online then host needs to earn money somehow.
There is no house edge in PvP Poker but instead of House Edge you will pay additional explicit fee - i.e. $50+$10 where $50 is fueling prize pool and $10 goes to the house.
actmyname
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October 07, 2016, 11:52:18 PM
 #84

However a 1% house edge is not much dfferent than a 0% house edge.

Wrong, wrong, wrong!

A 1% house edge makes all the difference, between betting at 0 ev vs betting at -ev! You would rather play at a 0% house edge, where you get an average return of 1.00, where if you play at 1% house edge, you get an average return of 0.99. What's so hard to understand about that?



And the constant crap about "no casino will have a 0% house edge" is just recycled bullshit. You think out of all the countless casinos available, there isn't ONE that has 0 ev? (Loosely defining "casino" since just regular dice sites are called "casinos")



That is generally true. But when p2p game is hosted online then host needs to earn money somehow.
There is no house edge in PvP Poker but instead of House Edge you will pay additional explicit fee - i.e. $50+$10 where $50 is fueling prize pool and $10 goes to the house.

Rake is kind of similar to house edge in that it depends on your skill level: if you play at someone with an equal amount of skill as you and you're able to average out wins & losses at the same number of chips/cash (i.e. you win 5, you lose 5) then that's a -ev play.

Being +ev in poker however is not dependent on rake %, but skill. More accurately, skill vs. other players in the table/tournament.

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October 08, 2016, 01:40:34 AM
 #85

However a 1% house edge is not much dfferent than a 0% house edge.

Wrong, wrong, wrong!

A 1% house edge makes all the difference, between betting at 0 ev vs betting at -ev! You would rather play at a 0% house edge, where you get an average return of 1.00, where if you play at 1% house edge, you get an average return of 0.99. What's so hard to understand about that?

There is site that offer 0% house edge though but that is only with some time period not permanent but still it is worth to play there. I dont think that they still have that promo or not. Last time I saw they make that promo is on their anniversary

Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds
actmyname
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October 08, 2016, 02:04:33 AM
 #86

Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds

Still wrong. House edge affects you on every bet. If this is not the case, then surely you have no problem with a wager against me with a 49.5% chance of winning, right?

Let me add a little bit of Sorites here now: if a 1% house edge only affects the player in the long run (and not those that use manual betting) then a 2% house edge will also be the same, correct? And if a 2% house edge doesn't affect the player, then a 3% house edge won't affect the player. And so on and so forth until you reach... 100% house edge. But wait? At what point does it affect the player?

When it changes from 0%.

You would rather 0% house edge over 1% house edge. Just like you would rather 1% house edge over 2% house edge. It does not matter whether you play one bet, or ten thousand bets. You would prefer the lower house edge. Why? Because it does affect the RTP.

For every n amount you wager, you should expect a return of n - (n*[house edge]) back.

If you wager $100 at a 1% house edge, you should expect a return of $99 back.
If you wager $100 at a 0% house edge, you should expect a return of $100 back.

Even if these are theoretical and only based on averages, they apply in reality. The trends show, and you can't beat math.

newinbtc
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October 08, 2016, 03:48:12 AM
 #87

Here are some site which offering 0% house edge :-

https://www.crypto-games.net/
 But after verification it found that - Dice has a house edge of 0.8%

https://www.moneypot.com/apps/2319-rock-paper-scissors
site not updated

http://www.bitcoinbetting.website/
No House edge information
BTCevo
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October 08, 2016, 12:25:59 PM
 #88

Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds

Still wrong. House edge affects you on every bet. If this is not the case, then surely you have no problem with a wager against me with a 49.5% chance of winning, right?

Let me add a little bit of Sorites here now: if a 1% house edge only affects the player in the long run (and not those that use manual betting) then a 2% house edge will also be the same, correct? And if a 2% house edge doesn't affect the player, then a 3% house edge won't affect the player. And so on and so forth until you reach... 100% house edge. But wait? At what point does it affect the player?

When it changes from 0%.

You would rather 0% house edge over 1% house edge. Just like you would rather 1% house edge over 2% house edge. It does not matter whether you play one bet, or ten thousand bets. You would prefer the lower house edge. Why? Because it does affect the RTP.

For every n amount you wager, you should expect a return of n - (n*[house edge]) back.

If you wager $100 at a 1% house edge, you should expect a return of $99 back.
If you wager $100 at a 0% house edge, you should expect a return of $100 back.

Even if these are theoretical and only based on averages, they apply in reality. The trends show, and you can't beat math.

This is quite true though but I think if we use 2x odds the payout will still be the same. Lets say like erza said he used 2x odds manually, i am sure this will be whether you double your balance or lose it. We dont complaimt about the exactly number but what we need is sure profit though. You will not lose on exactly 50.5 or 49.5 if the house edge is 1%. The result must be lower 49.5 or higher than 50.5
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October 08, 2016, 04:39:26 PM
 #89

http://www.bitcoinbetting.website/
No House edge information
What do u mean by No House edge information? They are running with 0% house edge. Please check their thread for reference - https://bitcointalk.org/index.php?topic=1492457.0.

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October 08, 2016, 06:45:19 PM
 #90

Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds

Still wrong. House edge affects you on every bet. If this is not the case, then surely you have no problem with a wager against me with a 49.5% chance of winning, right?

Let me add a little bit of Sorites here now: if a 1% house edge only affects the player in the long run (and not those that use manual betting) then a 2% house edge will also be the same, correct? And if a 2% house edge doesn't affect the player, then a 3% house edge won't affect the player. And so on and so forth until you reach... 100% house edge. But wait? At what point does it affect the player?

When it changes from 0%.

You would rather 0% house edge over 1% house edge. Just like you would rather 1% house edge over 2% house edge. It does not matter whether you play one bet, or ten thousand bets. You would prefer the lower house edge. Why? Because it does affect the RTP.

For every n amount you wager, you should expect a return of n - (n*[house edge]) back.

If you wager $100 at a 1% house edge, you should expect a return of $99 back.
If you wager $100 at a 0% house edge, you should expect a return of $100 back.

Even if these are theoretical and only based on averages, they apply in reality. The trends show, and you can't beat math.

This is quite true though but I think if we use 2x odds the payout will still be the same. Lets say like erza said he used 2x odds manually, i am sure this will be whether you double your balance or lose it. We dont complaimt about the exactly number but what we need is sure profit though. You will not lose on exactly 50.5 or 49.5 if the house edge is 1%. The result must be lower 49.5 or higher than 50.5
Even if you use a martingale method on anything beyond a 0% house edge you are always destined to lose in the long run. The game would have to be effectively rigged or you'd have to have really shitty luck (or not a big enough balance) otherwise. 1% house edges still screw gamblers, although less than what other casinos would.
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October 08, 2016, 08:18:50 PM
 #91

I played so many times with 0% house edge promo but that is clear it doesn't mean player will win there for sure, it react same like in long term when we play with house edge there, I don't think 0% house edge could be helpful for people to make guaranteed profit.
If there in fact is a casino running with zero house edge, that will still not enough for a player to secure a profit long term, what you need is a players edge, which can be obtained in a handful of games and in very specific circumstances.
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October 11, 2016, 02:51:57 PM
 #92

However a 1% house edge is not much dfferent than a 0% house edge.

Wrong, wrong, wrong!

A 1% house edge makes all the difference, between betting at 0 ev vs betting at -ev! You would rather play at a 0% house edge, where you get an average return of 1.00, where if you play at 1% house edge, you get an average return of 0.99. What's so hard to understand about that?

Yes exactly. U summed it up pretty well. Smiley

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October 11, 2016, 07:02:34 PM
 #93

I doubt if there are such thing because then owners would have to bear the loss and what they will get when they invests such huge money in casinos
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October 11, 2016, 08:44:11 PM
 #94

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
But I’m pretty sure the house is taking a piece of the action with the rake, in fact the rake is even better than the house edge because when you are playing against the house, the casino is risking its own money but with the rake, the casino is not risking anything.
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October 11, 2016, 09:24:01 PM
 #95

almost no gambling website so as far as having 0 percent house edge. think about it this way, if they dont make money then why would they be operating?
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October 12, 2016, 01:06:47 AM
 #96

I think the only 0% house edge would be from games that are backed by the players currency. Like a pvp game. Though there still should be a house edge as the house will take a fee from the winner otherwise how do they make money ?

 
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October 12, 2016, 02:23:56 AM
 #97

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
yeah if you're looking for a house edge of 0 you will get a game player vs. player because it is not possible sites ordinary dice provide a zero edge is certainly a player will have a higher chance of winning?
maybe sports betting also have zero edge lol
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October 12, 2016, 03:44:39 AM
 #98

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
yeah if you're looking for a house edge of 0 you will get a game player vs. player because it is not possible sites ordinary dice provide a zero edge is certainly a player will have a higher chance of winning?
maybe sports betting also have zero edge lol
Sports betting is the only answer I can see, there is no house edge here and it has been proven that we can be profitable in sports betting if we are a good handicapper, for serious gambler who wants to have a chance to win in the long run, always consider sports betting at your own choice of sport.

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October 12, 2016, 03:52:13 AM
 #99

The edge of the house is included in the bet itself. Look, maybe 80% of people can win, but not 80% of the whole pot, it's "nominal" not "real", that's because when you have a gambling game the math is little different... see, this 20% who doesn't win, are part of he 80%+new bets and part of this 80% are small bets since many of them start with small, win 4,5 times and lose once but they lose everything. So, it's a very arranged winning game for the house. It also involves a strong psychical tactic. For a more complete review, many parts of the Theory of Games have this.


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pooya87
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October 12, 2016, 05:45:19 AM
 #100

I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
yeah if you're looking for a house edge of 0 you will get a game player vs. player because it is not possible sites ordinary dice provide a zero edge is certainly a player will have a higher chance of winning?
maybe sports betting also have zero edge lol
Sports betting is the only answer I can see, there is no house edge here and it has been proven that we can be profitable in sports betting if we are a good handicapper, for serious gambler who wants to have a chance to win in the long run, always consider sports betting at your own choice of sport.

are you sure about this?
i don't have much experience with sports betting but i say this because the house must be taking something, it can be called fee instead of edge for example. they are not offering free service, so they should also earn somehow!

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