What do you think about Casino with 0% Edge?

[ethlover]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

[LuanX3]

You can compare the house edge of regular casinos in real life versus the house edge of online casinos. Online casinos just charges 1% or near that amount but compared to real ones, they charge about 5% or more.

Also, remember that even if these casinos are online they still need to pay for a lot of stuff to make them work. It's not like they are running everything for free.

[ethlover]

yes, sure but still according the calculations and imperfection of the person, there is a 0.87% edge so, when they are putting on the top it means they are taking let's say 1.87% edge.

[michkima]

I hope you do understand that betting even without house edge does not guarantee you will win in the long run and that the casinos will not profit from this. Statistically, the casinos have an edge over their gamblers, that is why it is called house edge. But if you analyze an infinite number of games, then you'll realize that there is a chance that the gambler will lose as much as an unlimited number of times in a row. However, this is also true with the house. The only problem is, the house still has more money than the gambler and the house as imposed a limit to the amount a gambler can bet.

[ethlover]

You can compare the house edge of regular casinos in real life versus the house edge of online casinos. Online casinos just charges 1% or near that amount but compared to real ones, they charge about 5% or more.

Also, remember that even if these casinos are online they still need to pay for a lot of stuff to make them work. It's not like they are running everything for free.

Wouldn't that be fair like in Edgeless casino where they are having 0% house edge and it is more equal between casino and player.

I hope you do understand that betting even without house edge does not guarantee you will win in the long run and that the casinos will not profit from this. Statistically, the casinos have an edge over their gamblers, that is why it is called house edge. But if you analyze an infinite number of games, then you'll realize that there is a chance that the gambler will lose as much as an unlimited number of times in a row. However, this is also true with the house. The only problem is, the house still has more money than the gambler and the house as imposed a limit to the amount a gambler can bet.

Yup, that is what I meant by 0.87% edge that casino automatically have

[zikabra]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

I like that and i will play in casino without house edge.
But i think this is going to be promotion for new casino and that's it.

[eaLiTy]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

What project are you talking about,you really cannot have a zero edge casino ,if your casino consists of just black jack and video poker then you could have a zero percentage edge casino but with other games there is no way that the casino could profit with zero percent house edge,if some one is planning to start one,then be prepared to loose money.

[DRaGoN RaNTaRo]

I like that and i will play in casino without house edge.
But i think this is going to be promotion for new casino and that's it.

Even as a promotion you wont get 0% house edge ,as said earlier if it is blackjack or poker then it is based on skill and you can have with 0% house edge,other than that you wont be able to see any casino without house edge.

[erpbridge]

Sure it will be better as a gambler for me, but I don't think any casino owner would take that risk. They can lose everything in one go to a high better just based on luck.

It is also why no one has ever done it till now . Just a no win.

[NLNico]

yes, sure but still according the calculations and imperfection of the person, there is a 0.87% edge so, when they are putting on the top it means they are taking let's say 1.87% edge.

No, 0% house edge = 0% house edge.

Most bitcoin (dice) games have a 1% house edge. Some even 0.3-0.5%. That is very low already. There is nothing "on top". The casino still has a risk to lose (a lot) of money short-term as variance can be bad (and good for player obviously.) So I think it's fair.

The only way to reasonable have 0% house edge games is if it's player versus player. But generally the entertainment/usability for the player is less that way, so these sites generally don't even get popular despite the 0% edge.


edit: There are some games like blackjack or video poker where the play/skill of the player changes the expected profit. I guess you were talking about that. In that case 0% HE is somewhat possible. Most gambling games (dice, roulette, slots, etc) don't involve "skill" though.

[blockman]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

What project are you talking about,you really cannot have a zero edge casino ,if your casino consists of just black jack and video poker then you could have a zero percentage edge casino but with other games there is no way that the casino could profit with zero percent house edge,if some one is planning to start one,then be prepared to loose money.

I don't have an idea with it, maybe he's talking about edgeless casino? I don't have any update with that project. Maybe he is pointing out with that project? And OP you did already answered your question on why we need pay casino's edge.

[tiggycomb]

That casino has something wrong, but this isn't how the gambling field works, honestly, playing there might be multiple times more risky than playing in a 1% site, why? :
- Gambling website owners aren't gambling themselves, this 1% insures the long-term success of the website, in addition to salaries, hosting etc.. if there is no house edge, then these funds, even if covered, would be like the owners gambling themselves.

This casino is abnormal IMO, unless it offers the 0% for a week and then change to a normal fees.

[hatshepsut93]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

First, online casinos have their spendings too. They need to pay for servers, they have stuff like moderators and support, they have to pay for development and maintenance and marketing. This means that they have to cover those spendings with their profit, otherwise they will be operating in a loss. And then, what's the point in 0% Edge casino for owners and operators? They will be giving out their time and money and not guaranteed to get profit in return just so some people can gamble with no edge. I can't see any reasons why someone can do this.

[xuan87]

If it is really 0% and not a promotion then it sound fishy, casino need a lot of spending, the owner need to maintain the site, maintain the server and need to hire staff to operate, and they need huge bankroll to attract more gambler to played, if they house edge is 0 then they only rely on the script to make the profit, the outcome will be the site go bankrupt or the site is going to scammed the player to maintain the site

[Barcode_]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

Actually there are a lot of cost involved to operate an online casino, the admin would have to maintain the server, and also maintaining security to protect customer information and most importantly, the balance in each customer account, admin also have to pay developers their salary, there are a lot of miscellaneous cost too.

If online casino provide a game with 0% house edge, how are the admins going to pay for all these maintenance cost of the site, they do provide players with a platform for enjoying themselves at the comfort from playing anywhere as long as there is internet connection. So I don't really mind about the house edge provided it is within reasonable range.

[dunfida]

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

Okay we would assume this one, lets say you are planning to build  your own casino or gambling site and you do offer 0% house edge for longer runs, how would you able to profitize? where would you get for maintenance or unexpected huge win on a certain player? No gambling site would really sustain for too long on having 0% HE.Ill bet you on that one.

[Red-Apple]

Wouldn't that be fair like in Edgeless casino where they are having 0% house edge and it is more equal between casino and player.

life isn't fair
and why should it be with no edge here? i mean you are expecting someone to pay a lot of money for servers, designing a website, security of that website and support staff and a lot more just for you to play there and have no edge?

and if you want a 0% edge game then find player versus player games. it can even be dice but i don't know if any place offers it anymore. in those games you have more chance of winning if you have the skills as NLNico also said.

[digaran]

That's a lie a juicy and fat and wet and hot lie(lol don't take me as a pervert) you can't sustain a business if you don't cheat(have no edge) look at all of the so called successful casinos around here, they all cheat otherwise they would go bankrupt in no time.
Unless you are playing against other players and not against the house then yes that is a good thing but lets be honest since when the house lets you bet against others? then what would they earn if they did that? no body donates their time, effort and servers for us to play and bet against each other.

[YuginKadoya]

Wouldn't that be fair like in Edgeless casino where they are having 0% house edge and it is more equal between casino and player.

life isn't fair
and why should it be with no edge here? i mean you are expecting someone to pay a lot of money for servers, designing a website, security of that website and support staff and a lot more just for you to play there and have no edge?

and if you want a 0% edge game then find player versus player games. it can even be dice but i don't know if any place offers it anymore. in those games you have more chance of winning if you have the skills as NLNico also said.

I really think there aren't 0% house edge of a gambling site out there and you are right if there is something that doesn't have a house edge at all how can a gambling site will prosper? and take income from the site? if they really wants to play gambling find a gambling site that have smaller house edge maybe a 5% house edge is good, you can surely have a slighter  chance of winning, but I have seen just a 1% house edge that is a higher chance in winning, well you can enjoy the game and even help the people behind this type of site make an income.

[Pab]

Edgeless will be 0%edge,house,currenty blackjack is in beta,you can try without spending real money.There is also work on dice,it will be decentralised casino builded on eth chain,than video poker will be under development