Liad.Services
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November 21, 2016, 08:34:07 AM |
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I dont think any website can give 0% house edge permanently. There were some sites which gave even negative edge but we all know what happened to them.
So if a site is giving 0% edge then it is obviously for temporary.
Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage. It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner. I am pretty sure that fairlay.com offers this kind of game. You should check it out
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BTCevo
Legendary
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Activity: 1834
Merit: 1008
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November 22, 2016, 02:58:19 AM |
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I dont think any website can give 0% house edge permanently. There were some sites which gave even negative edge but we all know what happened to them.
So if a site is giving 0% edge then it is obviously for temporary.
Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage. It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner. I am pretty sure that fairlay.com offers this kind of game. You should check it out If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc
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sunsunson
Newbie
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November 22, 2016, 07:28:46 AM |
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I dont think any website can give 0% house edge permanently. There were some sites which gave even negative edge but we all know what happened to them.
So if a site is giving 0% edge then it is obviously for temporary.
Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage. It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner. I am pretty sure that fairlay.com offers this kind of game. You should check it out If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc some new site with promotion can give you 0 house edge.
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Bill Gates
Jr. Member
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Activity: 95
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Devil's Advocate
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November 22, 2016, 03:55:41 PM |
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If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc
Please stop spreading misinformation. A PvP game can not have a House Edge. The concept of House Edge is applicable only to PvH games. What u r confusing as House Edge in PvP games is fee/commission in reality. House Edge is a different concept altogether.
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BTCyuan$euro
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November 23, 2016, 12:59:49 PM |
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What is house edge exactly?
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joksim299
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November 23, 2016, 02:16:21 PM |
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What is house edge exactly?
Advantage over the play that casino has. You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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BTCevo
Legendary
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November 24, 2016, 04:11:37 AM |
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If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc
Please stop spreading misinformation. A PvP game can not have a House Edge. The concept of House Edge is applicable only to PvH games. What u r confusing as House Edge in PvP games is fee/commission in reality. House Edge is a different concept altogether. Yeah let say they dont jave house edge but for the fee that get deducted how can you explain this? By getting not full payout as I mentioned before ehat does it means then? Although there is no house edge we keep on getting this payment deducted so what is the different between house edge and no house edge then? Better play with house edge then so you can double your payout
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maxdeielle
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November 24, 2016, 04:39:28 AM |
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I know gambling Site which has 0% house edge when betting less than 1 btc this on.. www.girlbtc.comFor place of betting try to catch me up so I can help you. I can offer something too for this like rebate for your bet
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EdenHazard
Legendary
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November 24, 2016, 07:14:33 AM |
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I know gambling Site which has 0% house edge when betting less than 1 btc this on.. www.girlbtc.comFor place of betting try to catch me up so I can help you. I can offer something too for this like rebate for your bet i don't think that site have 0% house edge , they take a fee on each bets/transaction made , please read carefully here someone have been explained about it https://bitcointalk.org/index.php?topic=1621376.msg16932628#msg16932628 . the only site that a little bit well known here is http://www.bitcoinbetting.website/ , they really have 0% house edge.
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adaseb
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November 24, 2016, 07:43:42 AM |
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I know gambling Site which has 0% house edge when betting less than 1 btc this on.. www.girlbtc.comFor place of betting try to catch me up so I can help you. I can offer something too for this like rebate for your bet Did you ever actually use the site or are you just posting this to boost your post count? Because that 0% is just for marketing reasons and there are fees charged as commission.
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MinerHQ
Legendary
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November 24, 2016, 09:33:52 AM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.
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stadus
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Hhampuz for Campaign management
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November 24, 2016, 12:04:41 PM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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arwin100
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November 24, 2016, 01:25:29 PM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses. Actually as i've see girlbtc.com and crypto-games telling that they have 0 house edge on their site and actually eventhough the site doesn't have house edge surely they can still earn. More profits for running their site since not all people always win on their plays aswell as even if a site does not have house edge implemented they can still earn since mostly of people plays on greed and turn loss, and some other bet without taking extra precaution.
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ethereumhunter
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November 24, 2016, 01:36:14 PM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses. its true and i am agree, there are no site, and not just gambling site but all sites, that have maintenance fee to handle and they need this money from the gamblers to maintain their site, maybe pay the employee or anything else. if there are no house edge, that site is only getting broke soon and will run away without we knew.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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RocketSingh
Legendary
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Activity: 1662
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November 24, 2016, 05:07:26 PM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Absolutely Wrong @MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality.
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Erza
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Activity: 1078
Merit: 1000
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November 25, 2016, 01:57:25 AM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Absolutely Wrong @MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality. But not all people are going to win in the long run though no matter you have 0% HE or 1% though. Even 0% you will lose it because of their system though. 1% is not that much AFAIK, may be they have better chance though but lets try 100 rolls and see the result if your loss is between that 1% HE or not
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bitcoinmasterlord
Legendary
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Activity: 1148
Merit: 1006
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November 25, 2016, 02:09:35 AM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses. Actually as i've see girlbtc.com and crypto-games telling that they have 0 house edge on their site and actually eventhough the site doesn't have house edge surely they can still earn. More profits for running their site since not all people always win on their plays aswell as even if a site does not have house edge implemented they can still earn since mostly of people plays on greed and turn loss, and some other bet without taking extra precaution. if I'm correct girlbtc will take some cut from each bet and that is called a house edge for them and long back they were deducting almost 0.001 BTC for each withdrawal, and that is quite a high fee for the withdrawal but now I don't know. If they don't have a profit then logically impossible to run any site.
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RHavar
Legendary
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Activity: 1463
Merit: 1886
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November 25, 2016, 02:12:35 AM |
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Absolutely Wrong @MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality. You're close, but not quite right either. The house edge is casinos expected profit relative to the size of the wager. i.e. A house edge of 1% simply means the casino would expect to make 1 BTC for every 100 BTC wagered. Obviously there is variance and what not, so the house's actual profits tend to be surprisingly far away from their expected profits.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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Liad.Services
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November 25, 2016, 10:21:12 AM |
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I dont think any website can give 0% house edge permanently. There were some sites which gave even negative edge but we all know what happened to them.
So if a site is giving 0% edge then it is obviously for temporary.
Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage. It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner. I am pretty sure that fairlay.com offers this kind of game. You should check it out If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc Nope, I were even talking about a PlayervPlayer coinflip game that is opensource, just like openbazzar. So we won't need to pay any un-necessary fees to the site owners, it is useless. I am pretty surprised that no one did it already, but it is going to happen for sure, we just need to donate the funds to the right devs to do that.
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ultrloa
Legendary
Offline
Activity: 2940
Merit: 1273
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November 25, 2016, 10:58:04 AM |
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In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run. Absolutely Wrong @MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality. But not all people are going to win in the long run though no matter you have 0% HE or 1% though. Even 0% you will lose it because of their system though. 1% is not that much AFAIK, may be they have better chance though but lets try 100 rolls and see the result if your loss is between that 1% HE or not True! Basically all of these games are based only on our luck eventhough those site doesn't have house edge but still we cannot win if goodwill are not in favor in our hands and yet gambling site who's handling that 0 housedge rule can still earn some profits to their gamblers and still eventhough they dont have house we cannot still asure that we can win more money and retain our winning stats on certain game.
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