⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️

[ranlo]

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' 

They must have spent all their money on that promotion instead of hiring someone to read over their writing. Not only is their business model highly flawed, but their text is full of errors as well. This is clearly a rush job. If you invest in it, you're going to get burned.

[1714951478]

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[1714951478]

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[1714951478]

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[Tinus]

I love the idea, will be following

[Frank Lefty Rosenthal]

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' 

They must have spent all their money on that promotion instead of hiring someone to read over their writing. Not only is their business model highly flawed, but their text is full of errors as well. This is clearly a rush job. If you invest in it, you're going to get burned.

I agree. Full of errors and the biggest error was coming onto bitcointalk and expecting not to get ripped apart by the real pros who lurk in the darkness.

Frank Lefty Rosenthal signing out.

[2012]

How can any casino survive in long term with 0% house edge. Maybe there is big confusion into the title of thread.

[Frank Lefty Rosenthal]

How can any casino survive in long term with 0% house edge. Maybe there is big confusion into the title of thread.

They cant but dont forget about the sports betting.

Frank Lefty Rosenthal signing out.

[Daffadile]

15% roi a year is not so good. Hav eyou seen what return other casinos give ? even 1.5% a month is better then this.
But it is a nice coin and good idea so I do help you come out on top and have everything ready for us soon. Also how can you make money with no house edge ?

[Frank Lefty Rosenthal]

Already dead? That was fast, not surprising though with an amateur at the wheel.

Frank Lefty Rosenthal signing out.

[Edgeless]

15% roi a year is not so good. Hav eyou seen what return other casinos give ? even 1.5% a month is better then this.
But it is a nice coin and good idea so I do help you come out on top and have everything ready for us soon. Also how can you make money with no house 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/

p.s added this question to FAQ, announcement post.

[rohitgarnaik]

reserve me for indian translation(hindi)

[scam_exposer]

Scam after scam after scam.  This ICO bullshit is ridiculous.  Are there that many idiots willing to kiss their btc goodbye?
Obvious scam.

[puremage111]

I read basically what devs said, have 0 clue on whether a 0% Edge casino works well but i gotta agree on what he said.

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

But of course, with 0% Edge, there we have another question.


To : Dev
What if you've met statistician or any probability professionals, how are the casino going to survive in the long run?

I mean, they have good emotions, they know probably the chances whether to hit or not, and so


Thanks!

[Edgeless]

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'  

This article was written by a well-respected journalist, who also writes for Forbes and has an interest in cryptocurrencies: http://www.forbes.com/sites/laura-inamedinova/2015/12/30/cryptocurrency-is-the-future-of-lithuanias-economy/

I love the idea, will be following

Thank you for your support!

15% roi a year is not so good. Hav eyou seen what return other casinos give ? even 1.5% a month is better then this.
But it is a nice coin and good idea so I do help you come out on top and have everything ready for us soon. Also how can you make money with no house edge ?

Payouts to payout distributing ethereum-based smart contract will be sent in 30 day cycle, after profit is sent to contract, user can cashout anytime he wants within the cycle. It will not be a one-time yearly payment, but each month.
Regarding house edge, it was already explained a little bit above.

[Frank Lefty Rosenthal]

I read basically what devs said, have 0 clue on whether a 0% Edge casino works well but i gotta agree on what he said.

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

But of course, with 0% Edge, there we have another question.


To : Dev
What if you've met statistician or any probability professionals, how are the casino going to survive in the long run?

I mean, they have good emotions, they know probably the chances whether to hit or not, and so


Thanks!

You cant make money with 0% house edge. Its impossible! You might have a good week if a whale loses a lot but over the long run you'll lose, and lose bigtime. This ico is a disgrace to casino gaming.

Frank Lefty Rosenthal signing out.

[Frank Lefty Rosenthal]

Ha Ha! The dev ran away. We scared him off. Good job team!

Frank Lefty Rosenthal Signing Out.

[dfox101]

Too many ico scams. Sounds like easy money and so many want to try. They use nice graphics, complicated "bonus" and kickbacks, to cheat "investor" into it. Lol.

[cyrixcer]

If you have 0% edge, you will not earn profits in the long term, you may be busted because of 0% house edge

[Frank Lefty Rosenthal]

If you have 0% edge, you will not earn profits in the long term, you may be busted because of 0% house edge

Not even in the short term. You would just become a big loser because its you and your 0% edge vs the world.

Frank Lefty Rosenthal Signing Out.

[Edgeless]

We have been covered by casino.org:
https://www.casino.org/news/casino-no-house-edge-aims-future-online-gaming

[Frank Lefty Rosenthal]

Scam after scam after scam.  This ICO bullshit is ridiculous.  Are there that many idiots willing to kiss their btc goodbye?
Obvious scam.

Obviously so otherwise thees noob devs wouldn't be making so many scam ico's. Even if it was straight up and not a scam their business plan with a 0% house edge and a plan to make the bankroll from sports betting is flawed at every angle.

Frank Lefty Rosenthal Signing Out.

[Edgeless]

Some more publicity from our side:

http://playslots4realmoney.com/2017/01/10/decentralised-edgeless-casino/
https://www.youtube.com/watch?v=fGMR7g59lqk

Also, if someone is still wondering about 0% house edge and how we will make money, here is the explanation about everything in our medium post:

https://medium.com/@Edgeless/0-house-edge-perfect-marketing-strategy-b76fa3bbe9a3#.ig2cs5h2q