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Author Topic: Can you beat the house edge  (Read 3947 times)
nikolai9982 (OP)
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February 10, 2017, 04:22:59 PM
 #1

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?
hatshepsut93
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February 10, 2017, 05:07:55 PM
 #2

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

You already answered your question, casinos exist because they are making profit, and they are making profit because they have the house edge. If it was possible to beat the house edge, casinos would start suffering loses and eventually close. Thinking that you can turn gambling into a source of income and solve your financial needs is very dangerous and irresponsible.
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February 10, 2017, 05:58:30 PM
 #3

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
How ? Why would you want to beat the house edge ?I know sites with house edges as low as 0.1%.You want to beat that too ?

I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?
The entire gambling discussion section is about this,maybe lock this thread and continue in those threads ?
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February 10, 2017, 06:25:06 PM
 #4

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

It can be possible or not. The 1% house edge makes the casino have profit on long run. They have 1% advantage over you. Doesn't look much, but if you play many times it will make a difference.
There isn't a knew way to beat the house edge, your method to play probably gave you profit because you had luck, but you didn't beat the house edge.

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February 10, 2017, 07:42:03 PM
 #5

Some players beat the house edge due to variance, meaning that they can win big in the short term and if they do not play again, they've beaten it.
But it is statistically impossible to beat the house edge in the long term.

Take a look at the stats of Crypto-games for example, if you check the daily stats, you'll sometimes see that the site made a loss in the last 24 hours.
But when you look at the monthly stats, it's always in favour of the casino and the profit range is pretty close to the house edge.

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February 10, 2017, 08:00:51 PM
 #6

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?
Probably one or two times you may get chances to beat the house edge (maybe on your lucky days). But you never will be able to find a consistency on beating them nor with big profits. I guess if you are able to make even some small profits, it would be a great achievement in my opinion as it is still not possible for almost 95% of gamblers. (They always aim for big profits and end up in nothing).
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February 10, 2017, 09:04:07 PM
 #7

Can't you beat the house edge?
It is possible to beat the house edge if you make a profit and get out and never come back.The longer you play the chance for the casino increases and that is the reason they lure people with all the bonus and stuff. Wink

Quote
Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
The 1% house edge means how much they are going to win on average and the longer you play the house edge increases and the best strategy is to exit while you are winning.In my experience i win some i lose some and my over all experience is profit but when ever i spend more time i lose,accept the loss and come back at a later time. Smiley
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February 10, 2017, 10:02:54 PM
 #8

I think house never defeat since they have large amount of capital.. unlike gamblers unless if you are rich..
In my case never beat the house edge.. but making profit in sports betting and sometimes satisfied profit in dice game  but never defeat the house..
It is hard to defeat the house edge better to gamble with fun so that you can enjoy the game..

Make crypto as your bank.
Dank Frank
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February 10, 2017, 10:09:44 PM
 #9

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

Beating the house edge is kind of nonsense. Some win and some lose. 1% HE just means the site expects 1% profit over the wagered amount in the long run.
People usually don't lose because of the HE but because of gambler's fallacy.
Omura
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February 10, 2017, 10:19:05 PM
 #10

The only way beat the house edge is to exploit a bug in the system.

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February 11, 2017, 01:03:00 AM
 #11

The answer is no. Of course you will win sometimes but for the long term the house always wins. You have already lost before making that 1st bet. That is how a casino makes money and be in operation for all this time. If they have enough money to withstand the short term fluctuations against them then they are ok.

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February 11, 2017, 02:19:17 AM
 #12

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

Beating the house edge means you will always win every roll and it is impossible, and how can you beat the house edge even if 1%? most of the house edge is 1% and you are going to beat it up?, I guess you are not taking any good sleep since you have got here in this forum. Gambling sites would not allow such thing that you are thinking, it is the only reason why gambling sites are having profits from every gamblers that play their games on their sites.

And letting the players beat their house edge is really ridiculous for that to happen. They are not that insane for this thing to happen, it is like they are giving money to people, something like that.
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February 11, 2017, 02:54:46 AM
 #13

I think the odds will always be against you. But some people will beat the odds. The trick is to be able to get out while you are ahead.
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February 11, 2017, 06:16:01 AM
 #14

Thinking that we can beat the house edge is always something that has no solution for it. Because it will always be in their favor, I've been thinking of this before but I gave up already because I know that I'm not capable on beating them no matter how hard and put effort on beating them and it is more impossible for having low bankroll.



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February 11, 2017, 06:34:49 AM
 #15

Yes, but only in a short term. The fact that we lose in the long run will still take place in just a matter of time. Since we cannot beat the house edge, why not join them, we can do that if we will choose to invest rather than to play. It will be a wiser idea if you do that as investing in gambling sites is profitable.

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February 11, 2017, 07:17:07 AM
 #16

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

If you think that you can beat the house edge that way. I guess it's no use at all, claiming with faucets are just a waste of time and if you will ever lose a lot of bitcoins as you gamble. Recovering your bitcoins that way is not going to work out. So I guess it is really going to be a hard thing to defeat the house edge in any way.

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jossiel
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February 11, 2017, 07:34:47 AM
 #17

I think the odds will always be against you. But some people will beat the odds. The trick is to be able to get out while you are ahead.
Definitely it will be always against to us. And if there are tricks that can allow us to beat the house edge, it can be detected immediately by them.

And or if there are people who knows how to beat the edge, it will be confidential and they won't share anything to us.

I don't any plans on beating the house either, it's the reality that can't possibly happen.

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retrocoingames
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February 11, 2017, 08:20:43 AM
 #18

Obviously nooo Sad
fullypak
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February 11, 2017, 08:52:17 AM
 #19

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

If you think that you can beat the house edge that way. I guess it's no use at all, claiming with faucets are just a waste of time and if you will ever lose a lot of bitcoins as you gamble. Recovering your bitcoins that way is not going to work out. So I guess it is really going to be a hard thing to defeat the house edge in any way.

Yes beating house edge with faucets is just time waste, you never beat house edge with faucets. Getting Bitcoin from faucets is not an easy task. If you want to get back your loss try to play any skill games with the small investment, it will work, but what you choose this way is not good to earn bitcoins.
Herbert2020
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February 11, 2017, 08:58:06 AM
 #20

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

your strategy is not much of a strategy but more of a superstitious way of thinking how things work. or maybe you are explaining it wrong.

because there is no obvious connection between you winning then withdrawing then losing with faucet and winning again. this is just some coincidence that happened most probably because when you gamble with faucet you have low amount to cover the next losses so you lose in the end. but when you deposit you have more money so you can cover the losses and win in the end.

and also you got lucky too which is an important factor that anyone explaining a strategy forgets.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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