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Author Topic: Which gambling sites have 0% house edge?  (Read 13851 times)
rozee
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October 12, 2016, 06:15:36 AM
 #101

i never see gambling sites which have 0% house edge
the lowest house edge i ever seen is 0.5%
or any other have lowest than that, i dont know
but i think 0% house edge is impossible
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October 12, 2016, 06:17:29 AM
 #102

Bitcoinbetting.website is the one that comes to mind, although the only odds they offer is 16x.
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October 12, 2016, 06:52:56 AM
 #103

i never see gambling sites which have 0% house edge
but i think 0% house edge is impossible

i guess you missed a lot in gambling then Smiley
0% house edge is not impossible and it is happening but it mostly happens as a promotion and mainly in new sites to attract more players or in old sites as a reward for their anniversary for example.

Bitcoinbetting.website is the one that comes to mind, although the only odds they offer is 16x.

a .website domain? really!
it seems like the owner of this site was looking for making his site as cheap as possible.

honestly i wouldn't be surprised to find out his hosting plan is also a free plan!
i wouldn't trust this type of sites.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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October 12, 2016, 07:10:52 AM
 #104

i never see gambling sites which have 0% house edge
the lowest house edge i ever seen is 0.5%
or any other have lowest than that, i dont know
but i think 0% house edge is impossible

It is possible, check what is written in this thread and in some other threads on this forum. People are doing this for promotion mostly, but the world is big and there is almost always a promotion somewhere so theoretically you can always find a site with 0% house edge. Well, not always but pretty often.

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October 12, 2016, 07:15:40 AM
 #105

i never see gambling sites which have 0% house edge
the lowest house edge i ever seen is 0.5%
or any other have lowest than that, i dont know
but i think 0% house edge is impossible

It is possible, check what is written in this thread and in some other threads on this forum. People are doing this for promotion mostly, but the world is big and there is almost always a promotion somewhere so theoretically you can always find a site with 0% house edge. Well, not always but pretty often.

Few weeks ago I think I saw someone posting a site that has 0 house edge. I think the site is still new and need further developments like their design. But on reliable sites I think Safedice has the lowest house edge so far. 
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October 12, 2016, 08:31:09 AM
 #106

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.

Let me ask you one thing, when you played on 2x multiplier and let say you only make some few bets does this have any effect? I dont think so because I tried it before, i lose not because of the house edge but because of this high low thing, high will be 50.5 and low will be 49.5 and I never hit number between them to win or to lose so how can this math matter?
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October 12, 2016, 09:14:31 AM
 #107

Its rare for a gambling site to see a Zero percent house edge. I think , Zero percent house edge is only happening if a Gambling site has a promo or in opening of a new gambling site. In order to have many players to try their gambling site.
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October 12, 2016, 09:51:30 AM
 #108

 I think www.girlbtc.com is now have -20% house edge

https://bitcointalk.org/index.php?topic=1643861.0;topicseen   more details here.

you bet 0.01btc , and actually you just need to risk your 0.008btc (because of the 0.002btc bonus)

but if you win ,you will get 0.01*2+0.002=0.022btc

of course 0.002 btc is nothing for real player. but I am giving out this small amount directly to your btc address to show that I am very serious to this project  girlbtc.com


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October 12, 2016, 10:10:16 AM
 #109

Its rare for a gambling site to see a Zero percent house edge. I think , Zero percent house edge is only happening if a Gambling site has a promo or in opening of a new gambling site. In order to have many players to try their gambling site.

yeah it is and i don't any gambling site would risk not having any house edge just to attract gamblers. possible that there  would be minimal house edge but impossible to have 0 percent.

 
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October 12, 2016, 10:38:01 AM
 #110

Bitcoinbetting.website is the one that comes to mind, although the only odds they offer is 16x.

Absolutely Wrong. U may significantly bring down your odds by betting on multiple options at the same time. U have the option to trade-off reward against winning chance. If u bet on multiple options in single Tx, then u may exercise this option.

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October 12, 2016, 01:08:54 PM
 #111

I think www.girlbtc.com is now have -20% house edge

https://bitcointalk.org/index.php?topic=1643861.0;topicseen   more details here.

you bet 0.01btc , and actually you just need to risk your 0.008btc (because of the 0.002btc bonus)

but if you win ,you will get 0.01*2+0.002=0.022btc

of course 0.002 btc is nothing for real player. but I am giving out this small amount directly to your btc address to show that I am very serious to this project  girlbtc.com



Wow, didn't think it would come to do, negative house edge. I guess its a great inventive to get the gamblers but aren't you worried about cheating bots and everything?

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October 12, 2016, 01:10:34 PM
 #112

I don't think it really matters if you bet on a site that has 0% house edge or on a site that has 1% house edge, unless you are planning to bet a really high amount or you are planning to bet for a long term.

For your question, as far as I know, the site fairlay.com is a sportsbook or a dice bet site that has 0% house edge, its a peer to peer betting site, and that's probably the reason the site doesn't need to charge anything for using or doesn't need to take any house edge.

But as I said before, if you aren't going to make huge bets, any site that charges a small house edge will be good for your purpose.
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October 12, 2016, 01:40:43 PM
 #113

I think www.girlbtc.com is now have -20% house edge

https://bitcointalk.org/index.php?topic=1643861.0;topicseen   more details here.

you bet 0.01btc , and actually you just need to risk your 0.008btc (because of the 0.002btc bonus)

but if you win ,you will get 0.01*2+0.002=0.022btc

of course 0.002 btc is nothing for real player. but I am giving out this small amount directly to your btc address to show that I am very serious to this project  girlbtc.com



we are talking about a gambling site with 0% house edge not a single time promotion with lots of conditions in order to only take 0.002BTC while risking 0.01+BTC

Holding Bitcoin More Every Day
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October 12, 2016, 02:31:52 PM
 #114

There is no gambling website with a 0% house edge because its something that they need to exist and stay existing.
A gambling website is not cheap,you have to understand that..
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October 12, 2016, 03:12:14 PM
 #115

There is no gambling website with a 0% house edge because its something that they need to exist and stay existing.
A gambling website is not cheap,you have to understand that..

You are fully right about this, there are no gambling websites with an 0 percent house edge because they than simply would never make profit or money to build up their empire.
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October 12, 2016, 03:28:02 PM
 #116

There is no gambling website with a 0% house edge because its something that they need to exist and stay existing.
A gambling website is not cheap,you have to understand that..

You are fully right about this, there are no gambling websites with an 0 percent house edge because they than simply would never make profit or money to build up their empire.
I think its possible for a gambling site to have 0 percent house edge temporarily for just welcoming for testers and players to try their gambling site, But it will not stay 0 percent permanently. The Website aint cheap. They need also a profit thats why house edge is created.
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October 12, 2016, 03:32:20 PM
 #117

BitcoinBetting.website has 0% house edge.
Lol this you just edited your post Tongue but yes it's 0% house edge but it's really hard to win, If you I already visit the site and i saw lots of user send so much bitcoin just wasting money for nothing you need there is luck too, And if gambling website offered 0 % house edge there will be win in everybody  Cool

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October 12, 2016, 03:44:17 PM
 #118

There is no gambling website with a 0% house edge because its something that they need to exist and stay existing.
A gambling website is not cheap,you have to understand that..

You are fully right about this, there are no gambling websites with an 0 percent house edge because they than simply would never make profit or money to build up their empire.
I think its possible for a gambling site to have 0 percent house edge temporarily for just welcoming for testers and players to try their gambling site, But it will not stay 0 percent permanently. The Website aint cheap. They need also a profit thats why house edge is created.

Yep, it is true when we talk about casinos. 0% house edge means that casino is working without earnings (for free). Betting sites can work on a bit different principles, and that also is gambling Wink They can earn from differences of odds (kind of arbitrage) and in this way they can work with 0% house edge.

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October 12, 2016, 03:54:50 PM
 #119

There is no gambling website with a 0% house edge because its something that they need to exist and stay existing.
A gambling website is not cheap,you have to understand that..

You are fully right about this, there are no gambling websites with an 0 percent house edge because they than simply would never make profit or money to build up their empire.
I think its possible for a gambling site to have 0 percent house edge temporarily for just welcoming for testers and players to try their gambling site, But it will not stay 0 percent permanently. The Website aint cheap. They need also a profit thats why house edge is created.

Yep, it is true when we talk about casinos. 0% house edge means that casino is working without earnings (for free). Betting sites can work on a bit different principles, and that also is gambling Wink They can earn from differences of odds (kind of arbitrage) and in this way they can work with 0% house edge.

well this part is not right at all.

you know that casinos are earning from the money that people are losing in their sites. it is not like an exchange service that takes a percentage out of anything that you do.

so whether house edge is 0% or 1% or in between, the house is still earning money because people will lose, the only difference is that the odds are even between the house and the player.

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October 12, 2016, 04:41:03 PM
 #120

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.
Thanks for the heads ups, but using common sense we can also arrive at that conclusion, after all, how is the casino going to make money if they cannot expect ant kind of return on their bets? They will be bankrupt in a week, so it’s simply not possible.

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