Bitcoin Forum
June 17, 2024, 12:38:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 2 3 [4] 5 6 7 8 9 10 »  All
  Print  
Author Topic: What do you think about Casino with 0% Edge?  (Read 3696 times)
BTCLovingDude
Legendary
*
Offline Offline

Activity: 1134
Merit: 1010

BTC to the moon is inevitable...


View Profile WWW
June 18, 2017, 10:18:01 AM
 #61

..
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.

i think primedice used to offer this and it was pretty fast. i never tried it myself back then. but from what i have read and remember, it was fast. you both went online and you could find people easily who were interested in playing against you and made the bets live.

--looking for signature--
raven7886
Legendary
*
Offline Offline

Activity: 1512
Merit: 1041



View Profile
June 18, 2017, 10:30:41 AM
 #62

..
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.

i think primedice used to offer this and it was pretty fast. i never tried it myself back then. but from what i have read and remember, it was fast. you both went online and you could find people easily who were interested in playing against you and made the bets live.
Fast in the sense rolling speed or what ?
I understand PD tried only player vs player type for zero house edge but I wonder how it would have become feasible when some player want to roll 50 times against 10 rolls from another gambler.

I guess in near future we are going to have gambling sites which are having zero house edge but with some fixed fees for membership or session fee or high withdraw fee for profits or something like that.
YuginKadoya
Legendary
*
Offline Offline

Activity: 3038
Merit: 1169



View Profile
June 18, 2017, 10:59:37 AM
 #63

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 Smiley
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.

If the site is 0% house edge then how they sustain in this gambling world. How can they make a profit and how can they run their website. These are basic questions will come in mind if any casino site says they had 0% house edge. After seeing this questions also you think it is 0% house edge then no one will help you in this matter. You cannot find any 0% house edge casino site.
Yeah, I have the same questions in mind. I dont think there's any decent casino which can sustain itself only on ads on the site. More the ads more the revenue but also more annoyance for the player. The only way I see a no edge casino to work is, it being rigged. Wink

i think we only need to wait how long will be that site online and run their business. because without any income, then i think its really hard for the site to maintain operations cost and this will give impact for the site itself and if they are not serious to make longer business, then they will only run for short time and after that, they will close their business.
yes that is right in fact they can sustain and  continue their casino successfully if they have some edge. may be some casino have no edge for advertisement purpose for some specific time but they  cannot continue it for ever, and even if a casino is claiming that the have 0 edge then them must have some hidden edge or may be funding the casino from somewhere else.

Well Ads certainly have a great contribution why some other gambling sites sustain to have 0% house edge, but it doesn't mean a gambler would always keep his winning streak even with zero house edge gambling would still be risky but a Zero house edge means there would be a simply random pick on the machines or program but yes gamblers would always have a big chance in winning in it, house edge is certainly maintain by a programmer so they can accumulated a sure profit out from the sites. or the program would sure that the site will have an income every time there would be someone playing on the site.
boyptc
Hero Member
*****
Offline Offline

Activity: 3038
Merit: 681


View Profile
June 18, 2017, 12:32:17 PM
 #64

So how will you get some revenue? I think it is impossible.
If your site is fair, I think income from ads will not be enough to cover the fee of the site...
Hope you are not planning to take a big fee on withdraw.

A casino that has 0% will be bankrupt very soon unless they have some other service to offer from their dear gamblers. Advertisement is going to be a one good way of getting revenue but that is not going to be enough to cover every expense. As a 0% edge casino it will attract a lot of visitors and gamblers that will enjoy that perk and make advertising effective.

And if that casino don`t bankrupt in short time then you need to think how they earn all that money to run a casino and make profit,. No one doesn`t like to be cheated in anyway, if you decide to go in some casino you expect that games are provably fair, and that games aren`t rigged. It`s better to have house edge and to play relaxed, if I go to casino I wish to play games and not to think about casino fairness, that thought will just distract me from my playing, and because of that I do not think about casino with 0% edge and I don`t visit that kind of casinos.

Exactly, better to choose those casino's that doesn't implement 0% edge. Because if you are a wise gambler you will have the assurance that the casino will have a support fund or does have something to earn or good source of income and edge is one of it. 0% edge casino's will surely be close at the earliest date of their operation.
milewilda
Legendary
*
Offline Offline

Activity: 3150
Merit: 1136



View Profile
June 18, 2017, 12:37:52 PM
 #65

So how will you get some revenue? I think it is impossible.
If your site is fair, I think income from ads will not be enough to cover the fee of the site...
Hope you are not planning to take a big fee on withdraw.

A casino that has 0% will be bankrupt very soon unless they have some other service to offer from their dear gamblers. Advertisement is going to be a one good way of getting revenue but that is not going to be enough to cover every expense. As a 0% edge casino it will attract a lot of visitors and gamblers that will enjoy that perk and make advertising effective.

And if that casino don`t bankrupt in short time then you need to think how they earn all that money to run a casino and make profit,. No one doesn`t like to be cheated in anyway, if you decide to go in some casino you expect that games are provably fair, and that games aren`t rigged. It`s better to have house edge and to play relaxed, if I go to casino I wish to play games and not to think about casino fairness, that thought will just distract me from my playing, and because of that I do not think about casino with 0% edge and I don`t visit that kind of casinos.

Exactly, better to choose those casino's that doesn't implement 0% edge. Because if you are a wise gambler you will have the assurance that the casino will have a support fund or does have something to earn or good source of income and edge is one of it. 0% edge casino's will surely be close at the earliest date of their operation.
I would really rather choose those casinos do have house edge rather than on 0% same as you said they would really not last long in the industry if they cant able to generate profit and in just logic we can say that they cant able to payout a certain gambler when incase theres a big winnings on the site.Thats why we cant see any gambling sites as of now that do offer 0% edge.

boyptc
Hero Member
*****
Offline Offline

Activity: 3038
Merit: 681


View Profile
June 18, 2017, 01:35:34 PM
 #66

So how will you get some revenue? I think it is impossible.
If your site is fair, I think income from ads will not be enough to cover the fee of the site...
Hope you are not planning to take a big fee on withdraw.

A casino that has 0% will be bankrupt very soon unless they have some other service to offer from their dear gamblers. Advertisement is going to be a one good way of getting revenue but that is not going to be enough to cover every expense. As a 0% edge casino it will attract a lot of visitors and gamblers that will enjoy that perk and make advertising effective.

And if that casino don`t bankrupt in short time then you need to think how they earn all that money to run a casino and make profit,. No one doesn`t like to be cheated in anyway, if you decide to go in some casino you expect that games are provably fair, and that games aren`t rigged. It`s better to have house edge and to play relaxed, if I go to casino I wish to play games and not to think about casino fairness, that thought will just distract me from my playing, and because of that I do not think about casino with 0% edge and I don`t visit that kind of casinos.

Exactly, better to choose those casino's that doesn't implement 0% edge. Because if you are a wise gambler you will have the assurance that the casino will have a support fund or does have something to earn or good source of income and edge is one of it. 0% edge casino's will surely be close at the earliest date of their operation.
I would really rather choose those casinos do have house edge rather than on 0% same as you said they would really not last long in the industry if they cant able to generate profit and in just logic we can say that they cant able to payout a certain gambler when incase theres a big winnings on the site.Thats why we cant see any gambling sites as of now that do offer 0% edge.

Me too, I'm more comfortable to use those casino's that has the percentage of house edge. You will have the confidence if ever you will hit the jackpot they can pay you with it as they have a legit source of income unlike that are impressing people with 0%.
ralle14
Legendary
*
Offline Offline

Activity: 3220
Merit: 1889


Shuffle.com


View Profile
June 18, 2017, 02:15:58 PM
 #67

There's chain bet with 0% house edge the only negative side I can see from their game is that they have a fix multiplier of x16 because it's unlikely to win with such multiplier. I think i'll stick with casino's that offers a house edge because it's hard to trust new projects like these.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
pickandslip
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
June 18, 2017, 02:23:22 PM
 #68

I think this is not going to work, mainly because the casino will go broke and will not make profit without a house edge, most casinos are now provably fair and hence they are not cheating and playing really with that house edge and 1% is the minimum that can sustain a casino.
megynacuna
Sr. Member
****
Offline Offline

Activity: 756
Merit: 253


View Profile
June 18, 2017, 03:16:02 PM
 #69

I think this is not going to work, mainly because the casino will go broke and will not make profit without a house edge, most casinos are now provably fair and hence they are not cheating and playing really with that house edge and 1% is the minimum that can sustain a casino.

I agree with you, it will be impossible for the casino to survive or even pay winner because they will have nothing for their sustainability and their workers and investment needs to be recovered somehow so a 0% house edge isn't feasible.
izanagi narukami
Legendary
*
Offline Offline

Activity: 2030
Merit: 1028



View Profile
June 18, 2017, 03:48:57 PM
 #70

You must aware for bitcoin casino that provide 0% house edge. I'm sure that they need operational fund to keep the site running
But at the end , player also have significant benefit when play on 0 % HE since they can experience major loss too. Just keep aware for the site like this !
 

Smiley
Pipshunter
Sr. Member
****
Offline Offline

Activity: 700
Merit: 252


View Profile
June 18, 2017, 03:52:31 PM
 #71

i suggest thhey just open donation site instead of casino haha Tongue
flower1024
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000


View Profile
June 18, 2017, 05:41:54 PM
 #72

i suggest thhey just open donation site instead of casino haha Tongue
You answered only one word, but it is 100% correct. If any site says that they are 0% house edge, then you don't try that site until it become famous and people give good feedback to that site. If you trust them and deposit your money, there is no guarantee that you will get back your money. So be aware of this kind of sites and play safe.
dothebeats
Legendary
*
Offline Offline

Activity: 3668
Merit: 1353


View Profile
June 18, 2017, 06:24:04 PM
 #73

Casinos with 0% edge are charities in disguise and letting their beneficiaries enjoy aside from giving them free money. No such thing would ever exist since the main goal of casinos is to win over time with their low house edge. Low house edge entices player to play in them but in the long run they tend to win, not to give away money.
CasinoLeisure.com
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile
June 18, 2017, 08:13:47 PM
 #74

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!

It depends on various factors. Does the casino have 0% house edge for all their games or only a select few? Do they intend to have 0% house edge forever or eventually they will revert to normal house edge games?

This could be a gimmick to lure gamblers to their casino and lets them acquire a large customer base, which they will eventually monetize.

It could be that they're making money in other ways as well, such as charging fees for deposit and withdrawals or something else.
just_Alice
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 622



View Profile
June 19, 2017, 08:09:27 AM
 #75

~

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?

A gambling site can earn money either from the house edge or form the ads placed on it. And I disagree with above comments that the money from placing ads wouldn't be sufficient to maintain a gambling site. Dependening on the popularity of a site the price for placing ads may vary.
Rostadom
Hero Member
*****
Offline Offline

Activity: 713
Merit: 501


View Profile
June 19, 2017, 08:47:25 AM
 #76

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!

People do everything to make money. What makes you think online casinos will be an exception? There's this Edgeless casino called edgeless. They have a thread in this forum and they have their very own coin as well. I honestly think that they are just using the 0% edge as a marketing strategy. Quite a lot are mentioning about it. When people start playing in their website, the house edge doesn't matter that much anymore. Just like in every other gambling sites, you're tend to lose money from this edgeless casino. And they are going to make much more from that even without the edge.
crwth
Copper Member
Legendary
*
Offline Offline

Activity: 2800
Merit: 1268


Try Gunbot for a month go to -> https://gunbot.ph


View Profile WWW
June 19, 2017, 09:17:43 AM
 #77

When you think about it, it's somewhat right, you are paying that percentage for other things, and in real casinos, there are real benefits like free bottled water, candies, and other stuff that they give away for free. Some even give free tokens, like what you have in faucets in websites, and that's awesome. But they really won't do that because they want to have an EDGE for sure profit.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
ethlover (OP)
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
June 19, 2017, 11:49:53 AM
 #78

But they will have a 0% house edge on the games you need skills and luck for. Like blackjack where you not always play perfectly. So, according them, from the mistakes there is 0.87% edge. I think they could manage their business from this.
FrueGreads
Legendary
*
Offline Offline

Activity: 1582
Merit: 1059


View Profile
June 19, 2017, 01:13:53 PM
 #79

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!

hmm the house edge is should represent their margin for profit. It's a business, and they have to spend money to manage their service so I don't think that a casino like that could exist. If they removed the edge, then they would at least have to create a commission for them. Maybe like exchange betting sites.

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

                   BitCloak Bitcoin Mixer  
  BTC & BCH | API| MULTIADDRESS| PGP PROOF|  FAST MIX |  ESCROW|  MORE ! 

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

BitcoinzB
Full Member
***
Offline Offline

Activity: 210
Merit: 100


💰💰💰💰


View Profile
June 19, 2017, 02:37:42 PM
 #80

You need to think of online casinos as businesses, just like normal casinos.. they may not have to pay for the same number of employees and infrastructure, but they still have costs to cover and a profit to make.
Although I think that they would still make a profit without house edge, they wouldn't still take the risk. I personally wouldn't trust a new online casino offering 0% edge either, they might go broke anytime since players would have a better chance at winning even in the long run
Pages: « 1 2 3 [4] 5 6 7 8 9 10 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!