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Author Topic: ☘☘☘☘ Edgeless EDG Tokens On Liqui.io(BLACKJACK BETA LIVE)☘☘☘☘  (Read 331196 times)
martismartis
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December 16, 2016, 09:37:47 PM
 #1



















AS SEEN ON:





EDGELESS TEAM








BLOG ENTRIES



TRANSLATIONS



FAQ

How Edgeless Casino Can Be Profitable Business with 0% edge?

Casino profits and 0% (0.83% in practise) house edge concept.

There are several ways how Edgeless Casino can be profitable. Edgeless Casino provides games which depend on LUCK+SKILL and Sports Betting.

The first two games provided will be Blackjack and Video Poker. Both games are played with a combination of LUCK and SKILL. That means players make choices and either play well or poorly. To give an example of such a situation:

Blackjack:
House has a 6 card.
The player has 16.
The player wants to collect at least 17 and hits for one more card. - BAD MISTAKE.
The player just made a huge error, because, 12+ against 6 ALWAYS STAYS. (according to Blackjack basic strategy)

An average player does not play ‘the perfect game’ therefore, in the long run the casino makes a profit from his mistakes.

An analogy can be taken from poker. A new player is playing against a Pro. Both have equal probability conditions - 50% vs. 50%. However, the Pro player makes better choices and the new player makes bad decisions, and in the long run, the Pro wins.

Look at this EXTENSIVE RESEARCH  from players’ mistakes in Blackjack - on average they give away an 0.83% edge to the casino. https://wizardofodds.com/image/ask-the-wizard/how-poor-are-bj-players.pdf

And that's exactly what the casino will earn - 0.83% which is the same as playing dice with an 0.83% house edge

The second stream of profit comes from sports betting. Sports Betting connects bettors against each other, charging vig / juice / rake from each side for their bets. In this area, the casino will earn 4% from all money wagered. An analogy can again be taken from poker. Imagine two players are betting 10$ against each other and the rake is 1%. So, they are actually betting 9.90$ and winner gets 19.80$.

More information on how sports betting is making money: http://www.biasharainsight.com/2016/01/how-do-sport-betting-sites-make-money/

To sum up - the first stream of profits is from games of luck+skill. The second stream of profits is from Edgeless casino with 0% edge games and is a very strong marketing channel for attracting players to Edgeless Casino. Gamblers can enjoy fair betting conditions, and a good percentage of visitors will do Sports Betting which generates 4% returns to the Casino.

The concept has not literally come out of the blue - discussions on zero edge casinos are already occurring in the community.

https://www.bitedge.co/blog/0-house-edge-provably-fair-and-trustless-gambling/

https://www.reddit.com/r/BitcoinGambling/comments/36z3wi/which_is_the_lowest_house_edge_fair_bitcoin_casino/




_______________________________________________________________________________ ________________________________________________________________








Disclaimer: This ANN is not for US residents, US residents will not be able to participate in Edgeless Crowdsale

Disclaimer: I'm not a project team member or anyhow related with this project. All responsibility belongs to the project’s team members


If you want to send a private message, please send it to Edgeless, not to martismartis!


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December 16, 2016, 09:46:31 PM
 #2

interesting concept, don't think the numbers work out tho

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December 16, 2016, 09:49:46 PM
 #3

any escrow?
it's better to use escrow for your ico.
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December 16, 2016, 09:51:21 PM
 #4

Just a question . How can shareholders earn 14,xx % with a zero edge for casino ? Where the profit comes from ?

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December 16, 2016, 09:56:42 PM
 #5

indonesian translation reserve

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December 16, 2016, 10:06:48 PM
 #6

Just a question . How can shareholders earn 14,xx % with a zero edge for casino ? Where the profit comes from ?

It's laid out quite well in the whitepaper:

1: Player mistakes and imperfect play (casino gets an edge back off imperfect plays)

2: Concept of Gambler's ruin and variance (an opponent with finite wealth will eventually lose to an opponent with unlimited wealth)

Basically even in a pure 50/50 game gives an advantage is given to the house long-term

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December 16, 2016, 10:14:44 PM
 #7

where we can play all of this games?

SERATIO
-


























...PRE-ICO.
..Sep 15th, 2017..













..ICO-START..
  ★..Oct 1st, 2017..
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December 16, 2016, 10:27:01 PM
 #8

It's looks like the same Idea of vDice or at least is very similar, I hope your project have a better fairness check.
fikihafana
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December 16, 2016, 10:36:10 PM
 #9

You need to use escrow from trust member in btc talk. How you can pay shareholder if you dont have games platform?
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December 16, 2016, 10:46:28 PM
 #10

You need to use escrow from trust member in btc talk. How you can pay shareholder if you dont have games platform?

maybe the games platform will be available
after the ico is end. I also a little bit confusing how to pay shareholder if still not have games platform.

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December 16, 2016, 10:57:44 PM
 #11

Lol 0% edge...
Then the white paper states that imperfect play and mistakes gives the house an edge...
This is just retarded.
There is no such thing as perfect play when gambling!
And mistakes? Really? What would be considered a player mistake?
Please provide 1 simple situation where a player mistake or imperfect play is guaranteed to give the casino an edge.
I doubt this site will even make it into 2018... lol 0% edge... with 15% Apr..
Good luck. Doa

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SEOcrypto
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December 16, 2016, 11:13:03 PM
 #12

Lol 0% edge...
Then the white paper states that imperfect play and mistakes gives the house an edge...
This is just retarded.
There is no such thing as perfect play when gambling!
And mistakes? Really? What would be considered a player mistake?
Please provide 1 simple situation where a player mistake or imperfect play is guaranteed to give the casino an edge.
I doubt this site will even make it into 2018... lol 0% edge... with 15% Apr..
Good luck. Doa

The first game is blackjack.  Let's play.

Dealer upcard is an 8

You have a K 6 = 16

Your move now.

Are you really going to hit that 16?  (Only a 5,4,3, or 2 will improve your hand and not bust.)


*not saying this project makes sense, but that's an answer to you question.*

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December 17, 2016, 07:19:10 AM
 #13

whats different between vdice? but anyway ,its a nice project if keep going.

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Arrakeen
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December 17, 2016, 07:33:27 AM
 #14

Just curious how much you spent on that huffington post article?

The author states she does 'PR' work - which basically means 'paid advertising' - and has a total of three articles published:

One is a generic facebook-esque list on how to become motivated, one is attempting to sell....smart...surge protectors....and one is an edgeless promotion.

Only trying to shed some light on what seems to be this month's MSM buzzword: 'fake news'  Smiley
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December 17, 2016, 07:58:14 AM
 #15

L.I.R anyone? :/

will be watching, unfortunately due to the holiday season i wont be touching anymore ICO's this year, :/

bring back mining!, haha, i swear this is the only place people sell ideas ;p


good luck!

 











 











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December 17, 2016, 12:04:08 PM
 #16

any escrow?
it's better to use escrow for your ico.


ICO will be managed by ethereum smart contract - edgeless tokens are sent real time to the same investor's wallet. In case crowdsale's minimum goal is not reached - smart contract transfers investments back to people. (all conditions are defined in the smart contract and after the launch we will not be able to change it nor influence it)

EDGELESS.IO — New Era Of Casino || ICO || DISCUSSION
Frank Lefty Rosenthal
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December 17, 2016, 12:07:29 PM
 #17

I know a lot about casinos, more then anyone here and I've read your whole post and I can say that without a doubt this is 100% the stupidest ico pitch ever. Be a big man and run a real casino like I have and then maybe you'll understand why your idea is the shitspits.

Frank Lefty Rosenthal signing out.

The only part that's fun about gambling is when you win. Other than that, people might say the challenge is interesting, and most people enjoy the challenge, but the name of the game is win.
Edgeless
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December 17, 2016, 12:28:04 PM
 #18

Just a question . How can shareholders earn 14,xx % with a zero edge for casino ? Where the profit comes from ?


Casino profits and 0% (0.83% in practise) house edge concept.

There are several ways how Edgeless Casino can be profitable. Edgeless Casino provides games which depend on LUCK+SKILL and Sports Betting.

The first two games provided will be Blackjack and Video Poker. Both games are played with a combination of LUCK and SKILL. That means players make choices and either play well or poorly. To give an example of such a situation:

Blackjack:
House has a 6 card.
The player has 16.
The player wants to collect at least 17 and hits for one more card. - BAD MISTAKE.
The player just made a huge error, because, 12+ against 6 ALWAYS STAYS. (according to Blackjack basic strategy)

An average player does not play ‘the perfect game’ therefore, in the long run the casino makes a profit from his mistakes.

An analogy can be taken from poker. A new player is playing against a Pro. Both have equal probability conditions - 50% vs. 50%. However, the Pro player makes better choices and the new player makes bad decisions, and in the long run, the Pro wins.

Look at this EXTENSIVE RESEARCH  from players’ mistakes in Blackjack - on average they give away an 0.83% edge to the casino. https://wizardofodds.com/image/ask-the-wizard/how-poor-are-bj-players.pdf

And that's exactly what the casino will earn - 0.83% which is the same as playing dice with an 0.83% house edge

The second stream of profit comes from sports betting. Sports Betting connects bettors against each other, charging vig / juice / rake from each side for their bets. In this area, the casino will earn 4% from all money wagered. An analogy can again be taken from poker. Imagine two players are betting 10$ against each other and the rake is 1%. So, they are actually betting 9.90$ and winner gets 19.80$.

More information on how sports betting is making money: http://www.biasharainsight.com/2016/01/how-do-sport-betting-sites-make-money/

To sum up - the first stream of profits is from games of luck+skill. The second stream of profits is from Edgeless casino with 0% edge games and is a very strong marketing channel for attracting players to Edgeless Casino. Gamblers can enjoy fair betting conditions, and a good percentage of visitors will do Sports Betting which generates 4% returns to the Casino.

The concept has not literally come out of the blue - discussions on zero edge casinos are already occurring in the community.

https://www.bitedge.co/blog/0-house-edge-provably-fair-and-trustless-gambling/

https://www.reddit.com/r/BitcoinGambling/comments/36z3wi/which_is_the_lowest_house_edge_fair_bitcoin_casino/



EDGELESS.IO — New Era Of Casino || ICO || DISCUSSION
Frank Lefty Rosenthal
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December 17, 2016, 12:33:17 PM
 #19

Just a question . How can shareholders earn 14,xx % with a zero edge for casino ? Where the profit comes from ?


There are several ways casino will profit. Games of luck+SKILL and Sports betting.

First two games we will provide are: Blackjack and Video Poker. Both games are combination of luck and SKILL. That means players make choices and play it perfectly or play it bad. Just to give an example of a situation:

Blackjack:

House has a card 6.
Player has 16.
Player wants to collect at least 17 and hits one more card. - THAT IS WRONG.
He just made a huge mistake, because 12+ against 6 ALWAYS STAYS.

An average player does not play ‘the perfect game’ therefore casino makes profits from his mistakes in the long run.

An analogy can be taken from poker. New player is playing against Pro. Both have an equal probability conditions - 50% vs 50%. However Pro player makes better choices and new player makes bad choses - in the long run Pro wins.

TAKE A LOOK A HUGE RESEARCH MADE ON PLAYER MISTAKES AND BLACKJACK - on average they give away 0.83% edge to the casino. https://wizardofodds.com/image/ask-the-wizard/how-poor-are-bj-players.pdf

Second stream of profits will come from sports betting. Sportsbetting is connecting bettors against each other and charging vig/ juice/ rake from each side for their bets. In this area casino will earn 4% from all money wagered.

Just to sum up - edgeless games will attract a lot of people enjoying fair bet conditions and decent percentage from visitors will do sports betting. Concept is not out of the blue - most online casinos offer sports betting together with traditional casino games.



You know nothing about what your talking about do ya? You wont make any money on sports betting, no legit casino's do. In fact the lose on the sports gambling quite often, the only people who make money on sports gambling is local bookies who make it on the juice or vig. However you slice it you know nothing about the casino business.
Take it from me everyone, Red flags everywhere and the stench of noob acting pro is strong.

Frank Lefty Rosenthal signing out.

The only part that's fun about gambling is when you win. Other than that, people might say the challenge is interesting, and most people enjoy the challenge, but the name of the game is win.
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December 17, 2016, 12:39:24 PM
 #20

I know a lot about casinos, more then anyone here and I've read your whole post and I can say that without a doubt this is 100% the stupidest ico pitch ever. Be a big man and run a real casino like I have and then maybe you'll understand why your idea is the shitspits.

"be a big man and run a real casino" - do you refer to massive transparency issues most online casinos has or unfair house edge it offers to clients?

Your statements do not have any strong arguments nor data.

We can predict that a lot of competitors and casinos are afraid of our concept because it will raise the bar and they will start losing clients. Edgeless is coming for you, Frank.

Im out of this business for the last 40 years. I did my time little boy and made millions doing it, Im not here to argue with you or prove my point. But the fact remains the same. No money gets made from sports betting for casinos and you proclaiming that that's where you're going to make your money is insightful into the "casinio businessman" you are. I predict a huge failure and massive total losses for anyone who invests here.


Frank Lefty Rosenthal signing out.

The only part that's fun about gambling is when you win. Other than that, people might say the challenge is interesting, and most people enjoy the challenge, but the name of the game is win.
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