What do you think about Casino with 0% Edge?

[cn991]

Would you mind explaining the technology behind it? because according to the gambling system we follow right now, a house edge is a must for any casino, and casino's with relatively smaller ones 0.01% etc... end up being scams as time pass.
The only possible 0% case is a player vs player game, were no house playing is involved, but even with these, the website would still ask for some kind of commission because:
How can the website afford to run servers, hosting, promotions and a payment to the owner? with a provably fair game, the odds are 50-50 and unless the owner is gambling himself by operating this website, a house edge is needed.

[South Park]

I just thought, seriously, why we pay an edge in online Casinos?

Because almost all the online casinos are coming with player vs gambling-house type of gambling model. Hence obviously gambling houses need some advantage against the gamblers and they are taking it in the name of house edge.

They justify it like they needed it for their running costs coverage. The survival cost could be covered by having some fixed fees. Still we can see no gambling houses are preferring that but they always enforcing house edge against gamblers while playing.

To be honest I do not know how the games could be seen in any other way, in games like dice you are playing against the house, since you are playing under their rules is understandable that they give themselves rules that are favorable to them, the only games where that mentality does not exist is in those games where you are not playing against the house, like poker.

[rytyr]

What would this even mean if it was advertising as a site with 0% house edge.
In my mind this means they rarely lose which seems to me to be impossible really.

[marlboroza]

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

[bitbob82]

I just thought, seriously, why we pay an edge in online Casinos?

Because almost all the online casinos are coming with player vs gambling-house type of gambling model. Hence obviously gambling houses need some advantage against the gamblers and they are taking it in the name of house edge.

They justify it like they needed it for their running costs coverage. The survival cost could be covered by having some fixed fees. Still we can see no gambling houses are preferring that but they always enforcing house edge against gamblers while playing.

To be honest I do not know how the games could be seen in any other way, in games like dice you are playing against the house, since you are playing under their rules is understandable that they give themselves rules that are favorable to them, the only games where that mentality does not exist is in those games where you are not playing against the house, like poker.

in fact the casinos survive with their house edge, therefore i do not think they they will survive for a long time. the may be able to sustain their position for some time and after that they will start facing so much problems.

[magneto]

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!

There is chain-bet and edgeless i think that are both 0% casinos.

One thing is for sure - 0% house edge casinos are not going to make profit in the long run. In fact, they are playing a negative sum game because they still have to pay the fees for hosting servers, writing code, etc. Nboody is going to pay that for them.

It's great for the consumer, but you have to think about it especially if it's a centralized casino. Why are they offering 0%? There must be some sort of incentive for them to operate the site, right? They can't just advertise, host, and do support for free whilst having 0% house edge. So there is a lot of potential scams out there that involves low house edge to lure you in, 999dice comes into mind as well. 0.1% is not a sustainable business model in the long run, so they resort to rigging your rolls.

[mrcash02]

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

[cafucafucafu]

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!

The house edge is there so that the site owner can make a profit in the long run.

If there is no house edge, then it would mean there is no thereotical profit in the long term that the casino is going to make. So what's the point of owning a casino? You pay for the quality of something, casinos are no different. If you find a lower house edge casino, the experience you get and the entertainment you receive isn't going to be excellent quality, that's for sure.

I think you're referring to edgeless here. It looks as though that the token has been heavily promoted for ICO purposes. I really don't see the point in the project. To use this you have to have quite an in depth knowledge of smart contracts and ethereum. What's the incentive for investors to provide bankroll for this casino to run? I don't get it. They are not guaranteed any profit.

[coynedterm]

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!

In my opinion instead to see the house edge whether 5 to 4 to 1 to 0.5 to 0.1 to 0% ( I had seen in my life )  and here the case of discussion is of the 0% , and I will never believe at such things because I had never get any casino with 0 house edge , here House edge will show that the chances of winning and Loss your bet is 50-50 but in reality there is always remain 60-70% chance of loss because if you will play for long run then you will loss whether anything​ will be house edge .
Here I myself when made Betti and at satoshimines , freebitco.in ( with my special trick ) then I lost my all Bitcoin after 1.5 hour continues gambling , that is was I get , only cheating with the name of house edge lowest.
So here I will say that keep himself away from the casino and try once betting for sports games , no house edge , no rule of limit , no time limit ,  maximum bet amount  .
To get better betting experience try once cloudbet or nitrogen sports for better odd .

[Golftech]

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

i'm not sure if someone would be willing to do that mate, its a problem because no one would spend their time and money just to earn a little while you can create a house which you can put on some investment and will be able to earn big if many players will played.

[bajing]

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!

From where you heard the news, it is very unlikely they will open an online casino with 0% house edge then from where they will get a profit if not taking that's because house edge is their main source of income. i'm not sure this project will come out.

[freebutcaged]

There is even a shittoken called edgeless on ethereum and that is just utter bullshit, only sports betting p2p platforms if there are any real ones.

P2p edgeless if you ever find share it here mate. but let me remind you that I'll know if it's really an edgeless system and it's not rigged after the

Few bets, wins and losses.

[just_Alice]

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

i'm not sure if someone would be willing to do that mate, its a problem because no one would spend their time and money just to earn a little while you can create a house which you can put on some investment and will be able to earn big if many players will played.

But running a site without house edge you can earn on placing ads from other gambling sites if your site becomes popular. PVP casino without any house edge would be a popular site among gamblers because many of them think that it is the house edge what beats them.

[Oilacris]

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

i'm not sure if someone would be willing to do that mate, its a problem because no one would spend their time and money just to earn a little while you can create a house which you can put on some investment and will be able to earn big if many players will played.

But running a site without house edge you can earn on placing ads from other gambling sites if your site becomes popular. PVP casino without any house edge would be a popular site among gamblers because many of them think that it is the house edge what beats them.

Depending on the games you do have and the interest of people who putted in on that site. This might be possible but considering the expenses on building and maintaining a gambling site i dont hink that ads earnings would be enough it would really not sufficient. House edge would really be important because this is where do gambling sites do make their money.

[arrows1991]

0% Edge is great if the casino offering it is reliable or even works for a year or so without experiencing issues, no one likes paying a house edge but have to due to the needs and costs of the casino itself.

[CrownPolly]

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

i'm not sure if someone would be willing to do that mate, its a problem because no one would spend their time and money just to earn a little while you can create a house which you can put on some investment and will be able to earn big if many players will played.

But running a site without house edge you can earn on placing ads from other gambling sites if your site becomes popular. PVP casino without any house edge would be a popular site among gamblers because many of them think that it is the house edge what beats them.

Depending on the games you do have and the interest of people who putted in on that site. This might be possible but considering the expenses on building and maintaining a gambling site i dont hink that ads earnings would be enough it would really not sufficient. House edge would really be important because this is where do gambling sites do make their money.

Perhaps you need to take into account the peculiarities of the country in which you decided to engage in such a business. Not every country today welcomes the development of gambling. Although I agree that the money is very big.

[marlboroza]

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

Yes, in that case casino will take rake, like poker sites for example - which is not the case here.

But running a site without house edge you can earn on placing ads from other gambling sites if your site becomes popular. PVP casino without any house edge would be a popular site among gamblers because many of them think that it is the house edge what beats them.

What "ad" has to do with house edge?

[alani123]

I think that the feasibility of such casinos isn't all that great and players surely want casinos to be able to pay out whatever they win. 1% which most dice websites use isn't all that much but in the long run works for them.

User vs User 0% house edge bets have been tried before in peerbet and were kinda fun. The only downside to me was that it wasn't instant since it worked like an exchange. Users would have to post up requests for other users to agree on the odds and match them.

[eli113]

First read this : https://en.wikipedia.org/wiki/Gambler%27s_ruin

OR if you feel lazy just read this :

Gambler's Ruin
The original meaning is that a persistent gambler who raises his bet to a fixed fraction of bankroll when he wins, but does not reduce it when he loses, will eventually and inevitably go broke, even if he has a positive expected value on each bet.
Another common meaning is that a persistent gambler with finite wealth, playing a fair game (that is, each bet has expected value zero to both sides) will eventually and inevitably go broke against an opponent with infinite wealth. Such a situation can be modeled by a random walk on the real number line. In that context it is provable that the agent will return to his point of origin or go broke and is ruined an infinite number of times if the random walk continues forever.

So theoretically a casino with 0% Edge and big enough Bankroll can still make profit.
The whole concept acts like a hidden House Edge ,i can speculate it is around 0.6-1.0% on dice games.

But such casino for casual players can give them more fun time for their money , not bad heh?

[audaciousbeing]

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!

Zero edge to me is something that is not sustainable no matter how the promoters wants to paint it as the best because the question to be answered will include but not limited to

1. How will the site pay for its hosting?

2. How will it pay the admin of the site?

3. How will it pay for various updates to security infrastructures?

4. Will I be frustrated with ads because the money to meet up all these expenses must come from somewhere.