What do you think about Casino with 0% Edge?

[el kaka22]

Just to clear this up. 0% house edge does not mean the casino will not survive and will not profit. The only thing here is that the playing field is leveled both for the players and the casino. But that doesn't mean the gamblers will win more than the casino. If you think about it, the players still don't have unlimited bankroll and there is still bet limits. So a martin gale system will still fail in the long run. Even at 0% house edge, gamblers can still experience a 20 times losing streak and when that happens that's when 0% house edge casinos profit.

Along with zero house edge the distribution of possibilities will become more fairer than the system we are usually having with any gambling site give that there is no rigged algorithms are being used for generating random hash seeds. I believe 20 losing streams are happening even in the real life dicing, I checked it recently and wondered house edge is literally playing less significant roll in making gamblers to lose.

[wahb]

Just to clear this up. 0% house edge does not mean the casino will not survive and will not profit. The only thing here is that the playing field is leveled both for the players and the casino. But that doesn't mean the gamblers will win more than the casino. If you think about it, the players still don't have unlimited bankroll and there is still bet limits. So a martin gale system will still fail in the long run. Even at 0% house edge, gamblers can still experience a 20 times losing streak and when that happens that's when 0% house edge casinos profit.

Along with zero house edge the distribution of possibilities will become more fairer than the system we are usually having with any gambling site give that there is no rigged algorithms are being used for generating random hash seeds. I believe 20 losing streams are happening even in the real life dicing, I checked it recently and wondered house edge is literally playing less significant roll in making gamblers to lose.

for a normal casino which is mostly depending on the income of the casino it will become difficult to maintain their position because they will support the casino from their pocket and they may do that for a month or two but for a long run it is not possible to run a casino without any edge. they may be scamming people through other ways and may be getting the edge.

[jamyr]

Sounds good for me, although it may not become very popular even if it has that 0% edge.

Dice games have been based on luck so I don't think 1% edge difference would matter a lot. Just my opinion.

[Bitcoingiver]

Yes I understand you idea but they need to pay for the hosting account and the bandwith usage , And many other expenses. But they should try and make things more profitable  for every body. Thanks

[jamyr]

Yes I understand you idea but they need to pay for the hosting account and the bandwith usage , And many other expenses. But they should try and make things more profitable  for every body. Thanks

It may sound/look more profitable although it will not affect much of the players' winnings. The honesty and transparency of a casino is what will make it much popular.

[JasonXG]

A casino with 0% house edge would not make a profit and break even over the longterm. The house needs to profit a certain amount in order to stay open.

Yes I understand you idea but they need to pay for the hosting account and the bandwith usage , And many other expenses. But they should try and make things more profitable  for every body. Thanks

It may sound/look more profitable although it will not affect much of the players' winnings. The honesty and transparency of a casino is what will make it much popular.

You would be able to play forever and never worry about losing or winning.

[JL421]

Having 0% edge is a good idea but the site can't survive on 0% edge and depending only on ads can be a nightmare for the site and many sites in order to not get a loss may just take all investors funds and users funds and close down , atleast have a 1% house edge for long term stability and sufficient profit

[Mike Mayor]

A casino would not make money with a 0% house edge. That is to say that it could swing either way. A massive lose for the house or win could happen at anytime. Over a long owroid no money would be made. Well that's what's suppose to happen. Some casinos allow you to reduce the house edge like on happy hour or something.

[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?

Quoting myself after 2 months , in case you wonder why most gamblers losing more than just the house edge.

[roadbits]

Having 0% edge is a good idea but the site can't survive on 0% edge and depending only on ads can be a nightmare for the site and many sites in order to not get a loss may just take all investors funds and users funds and close down , atleast have a 1% house edge for long term stability and sufficient profit

If they mention 1% edge, then we will not think more and very quickly we will start to use that site if we find that site is looking good. But if any site comes with telling 0% edge we will think of many ways. And this is the truth after depositing our money if they shut down means to whom you will ask, before using any 0% edge sites be careful and see the real users review and play.

[tyz]

First I would ask myself how the casino earn money at all. It incur constantly costs through hosting, server, electricity, maintenance, further development etc. If the operator does not have a responsive answer why it does not charge any edge, then I would be very skeptical. There are quite business models that you can connect with 0% Edge, but whether these are really profitable in the long term, I doubt. I would stay away.

[izanagi narukami]

Personally I will stay from the site since 0% (HE) is the disdavantage for gambling site

...There are quite business models that you can connect with 0% Edge, but whether these are really profitable in the long term, I doubt. I would stay away.

I'm sure that gambling site has no chance to survive for long term especially when the whale trader start to gamble there

[PokerFace3]

First I would ask myself how the casino earn money at all. It incur constantly costs through hosting, server, electricity, maintenance, further development etc. If the operator does not have a responsive answer why it does not charge any edge, then I would be very skeptical. There are quite business models that you can connect with 0% Edge, but whether these are really profitable in the long term, I doubt. I would stay away.

A gambling house might be having more other options to earn like offering VIP membership/withdraw fees/showing advertisements etc. But none of them will get more income how house edge is doing. But I am sure a gambling house will be able to survive with other incomes expect house edge.

I guess as long as a gambling house will be keeping their words and their house edge is even zero, I guess we can continue with them.

[emberbekas]

First I would ask myself how the casino earn money at all. It incur constantly costs through hosting, server, electricity, maintenance, further development etc. If the operator does not have a responsive answer why it does not charge any edge, then I would be very skeptical. There are quite business models that you can connect with 0% Edge, but whether these are really profitable in the long term, I doubt. I would stay away.

A gambling house might be having more other options to earn like offering VIP membership/withdraw fees/showing advertisements etc. But none of them will get more income how house edge is doing. But I am sure a gambling house will be able to survive with other incomes expect house edge.

I guess as long as a gambling house will be keeping their words and their house edge is even zero, I guess we can continue with them.

Yes, there are some other ways for gambling house to survive even though they applied 0% house edge. As an example, a gambling site can pick up a higher fees than usual gambling sites do, when users wanted to withdraw they funds, etc.

[maeusi]

Yes, there are several opportunities for serving 0 percent house edge. F.e. entry, deposit and withdraw fees. Main games as multiplayer variants, tournaments with ranking, membership fees and many more. With house edge on zero, players will not win or loose in average. So if one wants to permanently win, he will loose automticly. So with professional calculatings a casino will also earn enough with no house edge.

[ruslangitelman223]

"I really hope this project will work out!"
What, it will be not badly, if a project really working. However I have some doubts on that score. Time all will show.

[gabmen]

First I would ask myself how the casino earn money at all. It incur constantly costs through hosting, server, electricity, maintenance, further development etc. If the operator does not have a responsive answer why it does not charge any edge, then I would be very skeptical. There are quite business models that you can connect with 0% Edge, but whether these are really profitable in the long term, I doubt. I would stay away.

A gambling house might be having more other options to earn like offering VIP membership/withdraw fees/showing advertisements etc. But none of them will get more income how house edge is doing. But I am sure a gambling house will be able to survive with other incomes expect house edge.

I guess as long as a gambling house will be keeping their words and their house edge is even zero, I guess we can continue with them.

Yes, there are some other ways for gambling house to survive even though they applied 0% house edge. As an example, a gambling site can pick up a higher fees than usual gambling sites do, when users wanted to withdraw they funds, etc.

I wonder how many casinos would tell you this an actually keep a 0% house edge. Most of the time we'll never really know and we'll just have to accept that its the nature of casinos to have a house edge.

[milewilda]

First I would ask myself how the casino earn money at all. It incur constantly costs through hosting, server, electricity, maintenance, further development etc. If the operator does not have a responsive answer why it does not charge any edge, then I would be very skeptical. There are quite business models that you can connect with 0% Edge, but whether these are really profitable in the long term, I doubt. I would stay away.

A gambling house might be having more other options to earn like offering VIP membership/withdraw fees/showing advertisements etc. But none of them will get more income how house edge is doing. But I am sure a gambling house will be able to survive with other incomes expect house edge.

I guess as long as a gambling house will be keeping their words and their house edge is even zero, I guess we can continue with them.

Yes, there are some other ways for gambling house to survive even though they applied 0% house edge. As an example, a gambling site can pick up a higher fees than usual gambling sites do, when users wanted to withdraw they funds, etc.

This is possible but i would say it wont really be sufficient later on because gamblers will surely jump out on other gambling sites since they would surely have a problem on having a high withdrawal fee on the site. 0% house edge is possible but maintaining it for longer operations wont be sustaining for sure. House edge is on where a gambling site would get their profits,maintenance on the site, salaries of its workers and etc.

[BillCoin]

There must be a catch!

Unless it is an open source casino or something like that, which is being controlled by the community, I can not see a reason why would an individual open a casino with non house edge as he is not gong to win any funds at the long term and he is also risking his funds

[mondobitcoin]

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!

Yes maybe this project can work out good, but nobody does anything for free...
This site can be a scam for get login/password from users
Or maybe they have some reward from advertise on site, but in this case is better an house edge