Edgeless (OP)
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June 19, 2017, 06:52:41 AM |
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EDGELESS CASINO is coming... 0% House Edge | Full Transparency | Play with ETH ------------------ Be the first to hear about our opening! Subscribe the newsletter ! LET'S CHANGE CASINO INDUSTRY TOGETHER ------------------
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moooonu
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June 19, 2017, 06:57:10 AM Last edit: June 19, 2017, 07:16:52 AM by moooonu |
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Betting on blackjack with ETH. I love the game but the prefer dice sites more. GL for the site though.
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klf
Legendary
Offline
Activity: 1344
Merit: 1000
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June 19, 2017, 08:09:45 AM |
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Many people may not be having so much time to go through the full white paper. It will be helpful if you answer those very specific questions then easy and fast to understand. Because 0% house edge very interesting but also want to know how you guys make a profit out of it?
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Edgeless (OP)
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June 19, 2017, 10:15:18 AM |
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Many people may not be having so much time to go through the full white paper. It will be helpful if you answer those very specific questions then easy and fast to understand. Because 0% house edge very interesting but also want to know how you guys make a profit out of it? Ok, so profit come from: 1. From the players’ imperfect play. Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered. 2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered. So, even with 0% of House Edge we could make money but give the equality.
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AmoreJaz
Legendary
Offline
Activity: 3262
Merit: 1103
Leading Crypto Sports Betting & Casino Platform
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June 19, 2017, 11:29:41 AM |
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many many years ago when almost the only fun P2P games were on yahoo games... i lloved playing a few... but when they introduced the game scripts to win each and every time using only the script calculator to assure no mistakes were made by the house then it became very boring and i didnt play any more... so if there is no house edge and playing against scripts and losing whatever currency played with then no ... NO give me a nice house edge and let me gain when its time for me to win but not against a computer programmed to take my money!
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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angrybirdy
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June 19, 2017, 11:57:16 AM |
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Sorry I have not read the white paper, but will there be a 3rd party so we will be able to verify the results? Because if you will just depend on players mistake, how would we know that plays are not manipulated.?
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audaciousbeing
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June 19, 2017, 12:07:48 PM |
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My question is simple which I am sure a lot of people would want clarification. With 0% edge how does the site intends to meet its own running costs such as maintaining the site, pay administrators, carry out advertisement, update security infrastructures among other incidental costs associated with running a gambling site?
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Edgeless (OP)
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June 19, 2017, 12:29:32 PM |
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My question is simple which I am sure a lot of people would want clarification. With 0% edge how does the site intends to meet its own running costs such as maintaining the site, pay administrators, carry out advertisement, update security infrastructures among other incidental costs associated with running a gambling site?
The answer was provided few messages ago. There is an edge from members mistake, but also we will have additional games, that will have edge like DICE, that you could not even have without edge because they do not require any real skills. Also, from sports betting as mentioned before. Sorry I have not read the white paper, but will there be a 3rd party so we will be able to verify the results? Because if you will just depend on players mistake, how would we know that plays are not manipulated.?
Edgeless casino will be built on the Ethereum blockchain. All of the key operations will be regulated by smart contracts, giving users a fully transparent experience. We will be using the client’s seed and our own seed to generate randomness. The main difference with Bitcoin Casinos will be that users will know our hashed (SHA512) seed before betting and before generating their own client seeds. Because of that there is no way for us to alter the results.
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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June 20, 2017, 05:36:08 AM |
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Many people may not be having so much time to go through the full white paper. It will be helpful if you answer those very specific questions then easy and fast to understand. Because 0% house edge very interesting but also want to know how you guys make a profit out of it? Ok, so profit come from: 1. From the players’ imperfect play. Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered. 2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered. So, even with 0% of House Edge we could make money but give the equality. I can agree your sportbetting concept here because it is based on PvP so I think it only cost some fee per game so you might be profit from this. But for imperfect play? What does it really mean here? How can people make an imperfect play here and as I know here every blackjack games will be the same because they sure have huge house edge to get profit from players. And how do players make mistake here? I do not think that players intentionally make any misyake during games
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Pab
Legendary
Offline
Activity: 1862
Merit: 1012
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June 28, 2017, 06:52:03 PM |
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Many people may not be having so much time to go through the full white paper. It will be helpful if you answer those very specific questions then easy and fast to understand. Because 0% house edge very interesting but also want to know how you guys make a profit out of it? Ok, so profit come from: 1. From the players’ imperfect play. Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered. 2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered. So, even with 0% of House Edge we could make money but give the equality. I can agree your sportbetting concept here because it is based on PvP so I think it only cost some fee per game so you might be profit from this. But for imperfect play? What does it really mean here? How can people make an imperfect play here and as I know here every blackjack games will be the same because they sure have huge house edge to get profit from players. And how do players make mistake here? I do not think that players intentionally make any misyake during games Nobody is perfect dont worry about edgeless profit,it is enough to look bittrex,invrestors are not worry about edg profit,come and try,edg will not cheat you,everything will be visible in blockchain,all will be maneged by smart contracts
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FrueGreads
Legendary
Offline
Activity: 1582
Merit: 1059
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June 28, 2017, 08:33:30 PM |
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I saw your gambling list, and I wonder how you can increase it. You are correct about blackjack and videopoker, players make mistakes, but that's why there are a lot of lists that tell you what you should do.
If I understood correctly you do have edge on dice, and I believe you will have to put edge on roulette etc, because you just can't play wrong there, because there is not strategy involved in it.
So what will you do with games like this, and how do you intend to increase your game offer?
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newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
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June 28, 2017, 08:42:05 PM |
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I read the whitepaper. But, could not understand one thing. If the house is wiped out by bettors, who'll pay for the next bettor?
Moreover, your external sources of randomness are defectable.
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LostWords
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June 28, 2017, 09:21:16 PM |
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Wow, this is really cool and sounds so good it's almost unebelievable good! Site looks good, concept is good and it's a very comforting thought that you only profit as a casino by mistakes of players and not manipulating them. Will keep an eye on it.
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game-protect
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June 28, 2017, 09:53:51 PM |
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I see bad times coming for shady online casinos! Go go go and good luck!
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adaseb
Legendary
Offline
Activity: 3878
Merit: 1733
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June 28, 2017, 11:04:12 PM |
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Wow! Finally its getting launched. Been waiting for this a long time.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
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AmoreJaz
Legendary
Offline
Activity: 3262
Merit: 1103
Leading Crypto Sports Betting & Casino Platform
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June 29, 2017, 01:53:13 AM |
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Wow! Finally its getting launched. Been waiting for this a long time.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
time will tell if this EDGE-LESS will work or not! but one of the main issues is the honesty of the providers! sure the edge-less is awesome but if the Devs decide to grab n go then EDGE-LESS becomes Pointless! lets hope all goes well and things dont end up as usual !
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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milewilda
Legendary
Offline
Activity: 3276
Merit: 1156
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June 29, 2017, 02:18:11 AM |
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Wow! Finally its getting launched. Been waiting for this a long time.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
time will tell if this EDGE-LESS will work or not! but one of the main issues is the honesty of the providers! sure the edge-less is awesome but if the Devs decide to grab n go then EDGE-LESS becomes Pointless! lets hope all goes well and things dont end up as usual ! If providers wont really create such problem then it wouldreally be nice and Edgeless will really gain popularity when it comes to 0% houseedge which is really a rare thing on this gambling world and if they sustain this then i guess many will surely switch out. Even I would really love to play on a 0% HE ive been clearly convinced myself how the site earns or owners of it and its been mentioned above.
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scambust
Legendary
Offline
Activity: 1652
Merit: 1007
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June 29, 2017, 10:17:21 AM |
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We will be using the client’s seed and our own seed to generate randomness. The main difference with Bitcoin Casinos will be that users will know our hashed (SHA512) seed before betting and before generating their own client seeds. Because of that there is no way for us to alter the results.
This is the key element if one is to believe that there's zero edge.
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gentlem3n
Newbie
Offline
Activity: 41
Merit: 0
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June 29, 2017, 04:06:42 PM |
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So, is this edgeless casino provability fair and the odds confirmed to be 0.
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
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