Bitcoin Forum
May 25, 2024, 07:24:08 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 3692 times)
Pettuh4
Sr. Member
****
Offline Offline

Activity: 812
Merit: 251


View Profile
June 19, 2017, 10:06:44 PM
 #81

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.
Jewell
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500



View Profile
June 19, 2017, 10:31:18 PM
 #82

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.
yes that is right that it can not be possible and I do  not think that any Casino can continue wit 0% edge for a long time. they must change their policy if they want to survive for a long time. because most of the casinos run on their hose edge and if they are not have any hose edge then they may not be able to continue surviving for a long time and very soon they will become bankrupt and will close their casino because of their continuous lost.
machinek20
Hero Member
*****
Offline Offline

Activity: 840
Merit: 501


View Profile
June 20, 2017, 12:52:55 PM
 #83

It sound great for the gambler if that site is legit, but I doubt casino with zero house edge can play fair and how will a casino will survive with zero edge, so no I wont play in the casino that has zero edge, it just sound not right
erpbridge
Legendary
*
Offline Offline

Activity: 954
Merit: 1000


View Profile
June 20, 2017, 05:25:29 PM
 #84

It sound great for the gambler if that site is legit, but I doubt casino with zero house edge can play fair and how will a casino will survive with zero edge, so no I wont play in the casino that has zero edge, it just sound not right

I think they definitely can. The reason is that gamblers usually keep playing till either they win big or bust. Even at 0% house edge, I am sure things can sway to casino's side where they would eventually win the same amount.
EdenHazard
Legendary
*
Offline Offline

Activity: 2674
Merit: 1048



View Profile
June 20, 2017, 05:49:24 PM
 #85

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.
yes that is right that it can not be possible and I do  not think that any Casino can continue wit 0% edge for a long time. they must change their policy if they want to survive for a long time. because most of the casinos run on their hose edge and if they are not have any hose edge then they may not be able to continue surviving for a long time and very soon they will become bankrupt and will close their casino because of their continuous lost.
you guys need to completely understand about what actually house edge means and how it really works before join more serious discussion , i myself don't fully understand yet about that , the only i know that the house edge are thing that give casino profit and it is unseen.

0% house edge works only on a player vs player game and the casino take fee as their profit .

.
.7 BTC  WELCOME BONUS!..
███████████████████████████
██████████▀▀▄▄▄▄▄ ▄▀▀██████
█████████▄██████ ████ ▀████
██████▀▀ ▄▄▄▄ ▀▀███▀▄██ ███
████▀   ██████   ▀██████ ██
███ ▄▄▄████████▄▄▄ ██▄▄▄ ██
██ █████▀    ▀█████ ████ ██
██  ▀██        ███▀ ███ ███
██   ▄██▄    ▄██▄   █▀▄████
███ ▄████████████▄ ████████
████▄▀███▀▀▀▀███▀▄█████████
██████▄▄      ▄▄███████████
███████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████▄▄▄█████▄▄▄████████████████████████████████████████████████████
██████████▄█████▄█▄███▄█▄██████████▄██▀▀▀████████████████████████████████████████████████████
██████████████▀████▄████▀██████████████████████████▄█████▄██▄█████▄████▄████▄████▄████████
█████████████████▐█████▌███████████▄█████▀███▀▀████████▀▀▀▀█████▀▀▀██████▀▀███▀▀███████████
██████████████▄████▀████▄██████████████████▄▄▄▄▄███▄▄▄▄█████▄▄▄████████████████████████
████████████████▀█▀███▀█▀██████████▀███████▀█████████▀█████▀██▀█████▀███████████████████████
██████████████████████████████▀▀▀████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████
████████▀▀  ▐█▌  ▀▀████████
██████▄     ▐█▌     ▄██████
████ ▀██▄▄███████▄▄██▀ ████
███    ██▀▀  ▄  ▀▀██    ███
██    ██   ▄███▄   ██    ██
████████  ███████  ████████
██    ██  ▀▀ █ ▀▀  ██    ██
███    ██▄▄ ▀▀▀ ▄▄██    ███
████ ▄██▀▀██████▀▀▀██▄ ████
██████▀     ▐█▌     ▀██████
████████▄▄  ▐█▌  ▄▄████████
███████████████████████████
.
.30+  ALTCOINS AVAILABLE..
fullypak
Legendary
*
Offline Offline

Activity: 1456
Merit: 1005



View Profile
June 20, 2017, 06:00:22 PM
 #86

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.
yes that is right that it can not be possible and I do  not think that any Casino can continue wit 0% edge for a long time. they must change their policy if they want to survive for a long time. because most of the casinos run on their hose edge and if they are not have any hose edge then they may not be able to continue surviving for a long time and very soon they will become bankrupt and will close their casino because of their continuous lost.
you guys need to completely understand about what actually house edge means and how it really works before join more serious discussion , i myself don't fully understand yet about that , the only i know that the house edge are thing that give casino profit and it is unseen.

0% house edge works only on a player vs player game and the casino take fee as their profit .
The good question before discussing this topic first we must know what is the 0% house edge means. It means the house will not come in between two players you people will play with betting some amount and the house will take care of that bet so that they will charge some percentage of overall bet amount. This is what I understood if it is wrong, please clarify this. Thank you.
South Park
Hero Member
*****
Offline Offline

Activity: 2898
Merit: 798


I am terrible at Fantasy Football!!!


View Profile
June 20, 2017, 10:12:39 PM
 #87

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.
Correct, imagine a casino wit no house edge, at some point it is going to go bankrupt, and if you liked to play there then someday you will find the casino is no longer open, which is why I think a casino needs to charge a house edge in order to pay for all their services and employees and by doing that they will remain in business for a long time and allow you to keep enjoying the casino and their games.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
michaelch
Sr. Member
****
Offline Offline

Activity: 283
Merit: 250



View Profile
June 20, 2017, 11:26:37 PM
 #88

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley
iluvbitcoins
Legendary
*
Offline Offline

Activity: 2198
Merit: 1150


Freedom&Honor


View Profile
June 20, 2017, 11:31:39 PM
 #89

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

Looking for a signature campaign.
matchi2011
Sr. Member
****
Offline Offline

Activity: 1456
Merit: 267


Buy $BGL before it's too late!


View Profile
June 21, 2017, 10:59:46 PM
 #90

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

Good point. Like poker games for example. Though surely poker casinos earn profits from buy-ins, some entry fees and adverisements, but the concept of house edge doesn't really come into play there. So yeah technically there are casinos that doesn't have house edges.

█████████████████████████████████████████████████████████████████████████████
.
.
█████████████████████████████████████████████████████████████████████████████
        ██████████████▄▄▄
       ▐███████████████████▀
       ████████████████▀▀
                    ▀
                            ▄▄
      ███████████       ▄▄████
     ▐██████████▌      ███████
     ███████████      ███████▀
    ▐██████▌         ███████▀
    ███████       ▄▄███████▀
   ▐██████████████████████▀
  ▄█████████████████████▀
▄██████████████████▀▀▀
███████████████████████████
███████████████████████████
███████████████████████████
██████▀███████▀   ▀▀▀▄█████
█████▌  ▀▀███▌       ▄█████
█████▀               ██████
█████▄              ███████
██████▄            ████████
███████▄▄        ▄█████████
██████▄       ▄████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
██████████████████▀▀███████
█████████████▀▀▀    ███████
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
█████████▌▐       █████████
██████████ ▄██▄  ██████████
████████████████▄██████████
███████████████████████████
███████████████████████████
serjent05
Legendary
*
Offline Offline

Activity: 2856
Merit: 1255


View Profile
June 21, 2017, 11:48:56 PM
 #91

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

I also agree that it would be interesting to play in such casino but iguess it is not impossible to play on that one.  As far as I know there is a project where they aimed to setup a casino with 0 house edge.  With their initial collection, I think they can sustain their project for a very long time.  They can also earn from the token allocated to development fund.   It would really a great thing for player to have such kind of Casino and would support it.
shintosai
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
June 22, 2017, 12:12:40 AM
 #92

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting
Considering that mate it would take a lots of advertisement and needed a lots of players/gamblers for that site to survive or the owner will use free domain and other stuff just create one but its another problem who will be willing to take the risk when you see untrusted site like this that will hold your funds.

crwth
Copper Member
Legendary
*
Offline Offline

Activity: 2772
Merit: 1256


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


View Profile WWW
June 22, 2017, 12:14:19 AM
 #93

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

I also agree that it would be interesting to play in such casino but iguess it is not impossible to play on that one.  As far as I know there is a project where they aimed to setup a casino with 0 house edge.  With their initial collection, I think they can sustain their project for a very long time.  They can also earn from the token allocated to development fund.   It would really a great thing for player to have such kind of Casino and would support it.
Probably in the free games that a website has or an online casino, they apply 0% edge there. Just like for trials so that they feel that they could win it and make more money on that website but it's not like that when there is money involved. It's going to be an easy thing for them knowing that they are like that.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 22, 2017, 12:56:32 AM
 #94

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

I also agree that it would be interesting to play in such casino but iguess it is not impossible to play on that one.  As far as I know there is a project where they aimed to setup a casino with 0 house edge.  With their initial collection, I think they can sustain their project for a very long time.  They can also earn from the token allocated to development fund.   It would really a great thing for player to have such kind of Casino and would support it.
Probably in the free games that a website has or an online casino, they apply 0% edge there. Just like for trials so that they feel that they could win it and make more money on that website but it's not like that when there is money involved. It's going to be an easy thing for them knowing that they are like that.

These games you say are like those apps for cellphone, tablet, Iphones?

I have seen already this kind of game. Slot-machine games that I played for free on tablet. They give free coins to play and it's possible to win on long term, but it's not for real. I agree with you, seems it's just a strategy of them to make us deposit money on these apps to play for real, and then start losing money... But I'm not sure if they set any house edge officially.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
arseaboy
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
June 22, 2017, 01:37:45 AM
 #95

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not Smiley

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting
Considering that mate it would take a lots of advertisement and needed a lots of players/gamblers for that site to survive or the owner will use free domain and other stuff just create one but its another problem who will be willing to take the risk when you see untrusted site like this that will hold your funds.
That would really create a lot of work for the owner to do such thing and I think that most advertisers wouldn't invest in such type of casino sites especially if it's not really appetizing to the eyes of the gamblers.

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

.
R E I M A G I N I N G    E N E R G Y
█▄
▄█████▄
▄████▀████▄
▄█████▌ ▐█████▄
▄███▀▀██▌ ▐██▀▀███▄
▄█████▄  ▀▌ ▐▀  ▄█████▄
█████████▄     ▄█████████
██████  ▀██▌ ▐██▀  ██████
▀██████▄  ▀▌ ▐▀  ▄██████▀
▀███████▄     ▄███████▀
▀▀██████▌ ▐██████▀▀
▀▀▀▀▄█▄▀▀▀▀
█████
[.
TELEGRAM    MEDIUM
.
TWITTER   FACEBOOK
]███
███
███
███
███
███
███
███
███
███
███
███
███
███
███

███
███
███
███
███
███
███


███
███
[PRE-SALE]
C O M I N G 
SOON███
███

███
███
███
███
███
███
███


███
███
███
███
███
███
███
███
███
███
███
███
███
███
███
piloder
Legendary
*
Offline Offline

Activity: 966
Merit: 1006


View Profile
June 22, 2017, 02:31:42 AM
Last edit: June 22, 2017, 03:10:58 AM by piloder
 #96

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?
House edge is there to ensure that casino will atleast make some % in profit in long run but we all know casino always wins so they might be collecting more than what they collect from house edge in reality. So casino with 0% house edge can survive but I don't think investors will be happy to invest in such casino.
Ziskinberg
Hero Member
*****
Offline Offline

Activity: 2926
Merit: 636


For campaign management look for Little Mouse!


View Profile
June 22, 2017, 05:51:31 AM
 #97

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?
House edge is there to ensure that casino will atleast make some % in profit in long run but we all know casino always wins so they might be collecting more than what they collect from house edge in reality. So casino with 0% house edge can survive but I don't think investors will be happy to invest in such casino.
There is no really casinos with 0% house edge because they will not if they do that, one project I Know is the edgeless, they are saying there is no house edge but in reality there is. At least I for casinos that says they have a certain percentage, they are telling the truth and they are just being transparent, in the world of gambling we need to be smart and clever, whatever out interest is, may we be a player or investors.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
wuvdoll
Legendary
*
Offline Offline

Activity: 1442
Merit: 1025



View Profile
June 22, 2017, 06:12:10 AM
 #98

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.
But that been said, I believe the players loose much much more than the 1% of their wager amounts, it is actually fact that the big fish will eat up the smaller one even if there is no edge and if someone opens up a casino like that they will be surely earning good amounts.

All the above, they can see a month and if they see no profit or loss then they can turn up with a house edge and by that time they would have a lot of players too.
Humanxlemming
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
June 22, 2017, 06:15:47 AM
 #99

Fact is i think that if there's some casino that have 0% House Edge (HE). I think it's not appropriate because the win/lose changes is 50/50 so there's a possibillity that gamblers can eat all the casino bankroll IMO.  anyways it's not appropriate to put 0% HE because there business wouldn't take so long
just_Alice
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 622



View Profile
June 22, 2017, 10:03:50 AM
 #100

Although it looks like it is pointless to create such casino, with 0% Edge, I think apart from what I mentioned before, earning money from ads on the site, there is another possibility for such site to be created. Imagine you are a poker player and you have many friends who are like you. You are fed up with giving your money to poker sites and you create a site of your own, for you and for your friends to play.
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!