bdivrik
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July 04, 2017, 04:44:06 PM |
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can I ask, how is it possible that a casino has 0% edge? What does that mean excatly? In games of black jack or roulette odds are set to be in favor of the house as default. Can somebody please explain this to me? It would make sense to me if for example edgeless would have poker, where it actually varies from site to site the amount of rake(house edge) you have to pay.
please read OP !! 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.
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scarface-T
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July 04, 2017, 08:29:26 PM |
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i'll buy edgeless until casino is done and then lend my edg to profit. i believe edg team and korean friends ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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SpacemanOne
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icowidgets.com
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July 04, 2017, 11:49:21 PM |
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If FunFair deliver their product (they have a working beta now) none of the existing Ethereum-based casino projects will be able to compete with them. Edgeless is expected to be slower and to have higher fees. Edgeless doesn't offer any Slots games. While everybody in the industry knows that Casinos Make More Money on Slots Than Any Other Game
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Gustavv
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 04, 2017, 11:54:23 PM |
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Amazing that the price of edgeless to the moon now Big order at 0.00027 btc at bittrex, i wish the price will go go up more and more
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Pab
Legendary
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July 05, 2017, 12:12:09 AM |
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Amazing that the price of edgeless to the moon now Big order at 0.00027 btc at bittrex, i wish the price will go go up more and more
Yes 1$ is near,edg will develop his own technology to solve problems related to etherum network and strategic partners edg has chances to be top casino of the world
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Itsmafy
Newbie
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July 05, 2017, 12:53:26 AM |
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This pump is insane. Let's go for 2$ at least.
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Maslate
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July 05, 2017, 03:14:41 AM |
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This pump is insane. Let's go for 2$ at least.
No we are going to hit 1 dollar first and everything will follow.. Right now it has slowly breaking the 30,000 sats and when it happen I am sure the price will push through, this is good for us, keep holding and trust the developers.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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SEnergy
Member
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July 05, 2017, 03:33:53 AM |
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I'm not sure whether this has been mentioned already (I just found you on coinmarketcap), but this, in my country, is called "shitting in your own mouth" ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FvtbzWeO.jpg&t=665&c=6KeHOMqa0QizKA)
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aisyah88
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July 05, 2017, 03:38:53 AM |
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This pump is insane. Let's go for 2$ at least.
No we are going to hit 1 dollar first and everything will follow.. Right now it has slowly breaking the 30,000 sats and when it happen I am sure the price will push through, this is good for us, keep holding and trust the developers. Is there any truth in what you are saying at the moment, so how long will it take to see prices going around 30k ??
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ether19
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2017, 03:51:01 AM |
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I'm not sure whether this has been mentioned already (I just found you on coinmarketcap), but this, in my country, is called "shitting in your own mouth" ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FvtbzWeO.jpg&t=665&c=6KeHOMqa0QizKA) Haha! We need someone from the team to explain this out. Yes both statements seems to contradict each other. Regarding the price, I didn't expect such a pump for EDG. But I am enjoying it. $2 is very much possible.
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jhenfelipe
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2017, 03:55:17 AM |
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This pump is insane. Let's go for 2$ at least.
No we are going to hit 1 dollar first and everything will follow.. Right now it has slowly breaking the 30,000 sats and when it happen I am sure the price will push through, this is good for us, keep holding and trust the developers. Is there any truth in what you are saying at the moment, so how long will it take to see prices going around 30k ?? The price in bittrex and liqui are now more than 29k satoshis and it's possible to break 30k sats anytime. Let's wait and see because there's no specific time for that. I'm glad to see the price going up like that from 22-23k sats in just short span of time.
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Ris88
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2017, 04:45:49 AM |
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This pump is insane. Let's go for 2$ at least.
No we are going to hit 1 dollar first and everything will follow.. Right now it has slowly breaking the 30,000 sats and when it happen I am sure the price will push through, this is good for us, keep holding and trust the developers. Is there any truth in what you are saying at the moment, so how long will it take to see prices going around 30k ?? The price in bittrex and liqui are now more than 29k satoshis and it's possible to break 30k sats anytime. Let's wait and see because there's no specific time for that. I'm glad to see the price going up like that from 22-23k sats in just short span of time. I would not have guessed at the current EDG price, and some coins that I had then and sold it at 15k price made me hurt to see that price ...
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Japinat
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2017, 05:15:07 AM |
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This pump is insane. Let's go for 2$ at least.
No we are going to hit 1 dollar first and everything will follow.. Right now it has slowly breaking the 30,000 sats and when it happen I am sure the price will push through, this is good for us, keep holding and trust the developers. Is there any truth in what you are saying at the moment, so how long will it take to see prices going around 30k ?? The price in bittrex and liqui are now more than 29k satoshis and it's possible to break 30k sats anytime. Let's wait and see because there's no specific time for that. I'm glad to see the price going up like that from 22-23k sats in just short span of time. I would not have guessed at the current EDG price, and some coins that I had then and sold it at 15k price made me hurt to see that price ... You guys who do not believe on the price should check bittrex, the 24 hours high is already 30,000 sats and this might be the beginning of the continues pump. Well, those who really hold their tokens are so happy now since price has increase 10x of its ICO price.
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Ris88
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2017, 05:23:33 AM |
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This pump is insane. Let's go for 2$ at least.
No we are going to hit 1 dollar first and everything will follow.. Right now it has slowly breaking the 30,000 sats and when it happen I am sure the price will push through, this is good for us, keep holding and trust the developers. Is there any truth in what you are saying at the moment, so how long will it take to see prices going around 30k ?? The price in bittrex and liqui are now more than 29k satoshis and it's possible to break 30k sats anytime. Let's wait and see because there's no specific time for that. I'm glad to see the price going up like that from 22-23k sats in just short span of time. I would not have guessed at the current EDG price, and some coins that I had then and sold it at 15k price made me hurt to see that price ... You guys who do not believe on the price should check bittrex, the 24 hours high is already 30,000 sats and this might be the beginning of the continues pump. Well, those who really hold their tokens are so happy now since price has increase 10x of its ICO price. Hopefully it will continue to rise, and no dumper happens, so at least wait for the disposal of coins from the people who take advantage of this moment ...
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Kasabus
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July 05, 2017, 05:58:36 AM |
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What's happening here? it seems like this thread is very active now, I like what is happening now, it broke the 30K, then what will be the next thing to happen? I'll watch it closely...
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Buerra
Legendary
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Activity: 980
Merit: 1000
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July 05, 2017, 06:49:17 AM |
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Who is dumping at 30k could you please stop. we have an achievement for $1 you can start your dump over there..
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Itsmafy
Newbie
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July 05, 2017, 07:08:34 AM |
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Who is dumping at 30k could you please stop. we have an achievement for $1 you can start your dump over there..
This kind of fluctuation is normal. Just hold if you believe in the coin ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .
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GiovanniDiCosimo
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July 05, 2017, 07:20:52 AM |
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Who is dumping at 30k could you please stop. we have an achievement for $1 you can start your dump over there..
No, no, let's wait for something around 2$ for first profits fix ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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NrX
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July 05, 2017, 07:36:05 AM |
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It is just beginning real speculation and increase is to come yet. EDG has shown over and over again its potential by hitting in each rally new all time high. People will come and leave at different price floors which is normal thing. Everyone can't just hold in any token but fresh investment is always good and works like fuel to move the market up.
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anirgu
Legendary
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July 05, 2017, 07:36:17 AM |
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What's happening here? it seems like this thread is very active now, I like what is happening now, it broke the 30K, then what will be the next thing to happen? I'll watch it closely...
As the twitter update came up, EDG is in no mood to go down now, only the license part needs to be completed and we can see the team make up an announcement at any point of time in this month and the price will go to 50k sat easily.I hope there is no delay further and licensing gets done as soon as possible.
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