How much is the effect of house edge (0 or 1+) on your result

[Herbert2020]

i saw this topic about finding a gambling site with zero house edge and it got me thinking.

how much do you think 0 house edge is going to change your stats (win/lose)

obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?

[altcoinhosting]

i saw this topic about finding a gambling site with zero house edge and it got me thinking.

how much do you think 0 house edge is going to change your stats (win/lose)

obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?

Personally, i think a casino game (any game) with a 0 percent house edge will either go bancrupt in the longrun, or will result in cheating...

Offcourse, they can obtain a little bit of income by placing adds, or by sending sollicited emails to their users, but i can not believe they'll gain enough money to keep an online casino running when they offer a lasting 0 percent house edge.

However, i think it would be a good move of some casinos to offer 0 percent house edge for a couple of days, in order to run a succesfull promo campaign... Lure gamblers in with a temporarry 0 percent house edge, get them hooked, then raise the house edge to normal levels (~1%)

[buddu]

House edge is usually is related to casino gambling games. I don't think it will have much effect on my winning results because it is not going increase my winning chances at all. We can see sports betting where house isn't at all and still people are loosing money on matches. In casino gambling didn't try yet any site to say my experience. I would like to hear how this discussion move ahead.

[trafficolaa]

Technically it's not possible for any casino to promote any game with 0% house edge surely they will go for bankrupt in long run, I think if any casino has 0% house edge than it could be dangerous to play instead of short term promo, so that I also think there is no positive will come from that zero house edge.

[RocketSingh]

Technically it's not possible for any casino to promote any game with 0% house edge surely they will go for bankrupt in long run, I think if any casino has 0% house edge than it could be dangerous to play instead of short term promo, so that I also think there is no positive will come from that zero house edge.

At 0% House Edge, both house & player have equal winning chance in the long run. Hence, new sites may use this strategy to attract new gamblers instead of spending a LOT on marketing.

[Red-Apple]

Personally, i think a casino game (any game) with a 0 percent house edge will either go bancrupt in the longrun, or will result in cheating...

i don't think so.

because people usually don't use good strategies and they are wasting their money in most of these gambling sites.

for example i have seen new dice sites that start off with a 0% house edge and there aren't that many winners on the site to win and bankrupt the casino.

house edge is like a guarantee in my opinion.

and also add to this, the fact that a lot of the gamblers will continue gambling when they win and if a losing streak hits them they lose all they have won so far.

[amacar2]

I will vote alot in a sense that some casino may offer this 0% house edge as promotional opening offer and may turned out as scam after they get few large deposits or they may go bankrupt after sometime, there is no point for any casino to have 0% house edge.

[newcripto]

I will just do agree with that if house edge isn't any more than should increase my chances in comparison to in presence and without it. It means me and casino have really equal chances like in sports betting. House edge's existence means whether I win or loose house in every situation makes money like winner. I do think there will much impact over results.

[DarkStar_]

how much do you think 0 house edge is going to change your stats (win/lose)

obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?

If the house edge was 0, I'd expect my result to be a little loss, a little profit or nothing, since the expected value is that your money stays the same. How much will it change my stats? If I'm betting with 2x and down to a 0% edge from 1%, I'd win 5 times more every thousand bets on average.

With my normal betting method (x1.01 - x1.04 multipliers), it would change my stats quite a lot since betting with those multipliers can be very -EV (basically paying 1% of my bet to try to win 1% more with a 1.01x bet)

[RocketSingh]

Personally, i think a casino game (any game) with a 0 percent house edge will either go bancrupt in the longrun, or will result in cheating...

i don't think so.

because people usually don't use good strategies and they are wasting their money in most of these gambling sites.

for example i have seen new dice sites that start off with a 0% house edge and there aren't that many winners on the site to win and bankrupt the casino.

house edge is like a guarantee in my opinion.

and also add to this, the fact that a lot of the gamblers will continue gambling when they win and if a losing streak hits them they lose all they have won so far.

You summed it up pretty well. Absolutely agree with you.

[BrewMaster]

my vote goes to the last option because i have never saw a 0% house edge on any of the sites that i have played at.

i would love to find some and give it a try to have  a better sense of how things are going to change if i have equal chance though.

[Naoko]

i saw this topic about finding a gambling site with zero house edge and it got me thinking.

how much do you think 0 house edge is going to change your stats (win/lose)

obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?

i would still think the house will be in profit. why? because so many gamblers can't control their greed, even if they are winning they will still continue to bet trying to win more until they lose all their money. honestly i don't think the house will lose unless they give +EV to players

[NorrisK]

If the house would offer 0 house edge, the net result would be break even in the long run, but only if you play perfect strategy .

In dice it wouldn't matter, you would break even if you kept the bet sizes etc consistent. In black jack you can still be a losing player if you don't follow perfect strategy (e.g. not hitting on 16 when house has a K as face card). Roulette would basically not have the 0 and you can break even if you play for a consistent number, even, top third, etc.

[dunfida]

It would  not affect  your winning chance though  even  if the  house  would have 0% house  edge  the result  would be still the same the difference is  just  that the  house didnt  get a profit   on everytime you play since  it has  no house edge  and    i cant see  any gambling sites do  have these  kind of  house edge. lol

[ralle14]

For me I really think house edge doesn't matter in my situation because I mostly bet on sports and esports but in an online sportsbook which has an house edge doesn't really impact the chances of winning / lossing it only makes us bet a little more like betting $110 to win $100 instead of betting $100 to win $100 if theres no house edge.

[sulendra12]

how much do you think 0 house edge is going to change your stats (win/lose)?

House Edge doesn't effect with your winning chances anymore and if the site offers 0% house edge these sites would be bankrupt in the long-run because from House Edge the profit comes from and automatically adds the bankroll for every bet we made and it makes the site can withdrawing any amount you want as long as you have the funds
And nowadays no one site offers 0% house edge because it's become worthless for building the gambling site and want to get the profit.

[Herbert2020]

thanks for all the inputs so far guys.

to those who say the effect is a lot (votes) and maybe think the casino is going to be bankrupt :

lets take a dice game with 1% house edge like bitsler for example. with 2x multiplier the chances are 49.5% and now this is the interesting part: if the house edge were 0 my chance with a 2x multiplier would have been 50% so the chance of winning has improved by only 0.5%

now do you still think it is a lot?

also is there any dice site that is offering 0 house edge to test some stuff?

[altcoinhosting]

thanks for all the inputs so far guys.

to those who say the effect is a lot (votes) and maybe think the casino is going to be bankrupt :

lets take a dice game with 1% house edge like bitsler for example. with 2x multiplier the chances are 49.5% and now this is the interesting part: if the house edge were 0 my chance with a 2x multiplier would have been 50% so the chance of winning has improved by only 0.5%

now do you still think it is a lot?

also is there any dice site that is offering 0 house edge to test some stuff?

It't not that hard to setup your own dice site: https://github.com/felinegambler/CryptoDice
This way, you can simulate any strategy, do statistics,...
WARNING: only use this script with testnet coins, or with completely worthless (1sat) altcoins... It has many loopholes (it's rumored it even has a backdoor where the dev can steal your coins) and is 100% unsecure to run in a production environment!!!

Have fun

[xuan87]

well if you are a big gambler and intend to get rich from gambling then house edge is very important things to consider, because it can affect your profit, but if you are just small gambler and play for fun i dont think you should bother about the house edge, and for casino house edge is an important source to make profit

[jtipt]

If you are a casual gambler like me then house edge doesn't really matter i mean if there is 0% edge means you will have perfect 50% change of win at x2 (in a dice) while with house edge its like 49.5 It densest really make alot of difference. But if you gamble alot and in big amounts then it can affect tiny percentage of your winning.