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About some bitcoin gambling
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Topic: About some bitcoin gambling (Read 583 times)
aagreement81tw
(OP)
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0dickshouse0
About some bitcoin gambling
September 03, 2013, 10:35:53 AM
#1
There are more and more gambling site providing "provably fair" games.
If there is no house edge, how do these sites make profit??
This question bothering me for quite a while...
Does anyone know the detail?
Freebitco.in
donate~捐款~1HPBZeex82731DNVYmNBw83RaRiUD6HKt4
marcovaldo
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Re: About some bitcoin gambling
September 03, 2013, 10:38:48 AM
#2
Provably fair does not mean there is no house edge.
And I know only 1 website without house edge, and I asked the same question.
Here is the answer:
https://bitcointalk.org/index.php?topic=280487.0
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Jabbatheslutt
Full Member
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Re: About some bitcoin gambling
September 03, 2013, 10:45:28 AM
#3
Most sites that have little to none of a house edge make revenue from ads.
marcovaldo
Sr. Member
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Activity: 350
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Re: About some bitcoin gambling
September 03, 2013, 10:46:28 AM
#4
Ads give almost nothing. Just enough to pay for hosting.
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favdesu
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Re: About some bitcoin gambling
September 03, 2013, 10:49:29 AM
#5
protip: you'll always lose as a gambler. no exceptions
Bitcoin Experiment: Financial Freedom with Faucets?! Week 19
zengryT
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Re: About some bitcoin gambling
September 03, 2013, 10:50:15 AM
#6
Quote from: Jabbatheslutt on September 03, 2013, 10:45:28 AM
Most sites that have little to none of a house edge make revenue from ads.
Sites with small house edge does not show ads
Not managing signature campaigns anymore.
Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
⇾
Re: About some bitcoin gambling
September 03, 2013, 10:50:32 AM
#7
"Provably fair" doesn't mean that there's no house edge, it just means that it's possible for the public to verify that the results really are random.
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins:
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b!z
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Re: About some bitcoin gambling
September 03, 2013, 10:59:00 AM
#8
provably fair means that you can prove they don't cheat the results through cryptography. usually in a casino you cannot know if a slot machine is rigged or not, but provably fair makes it obvious.
Goldenboy
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Re: About some bitcoin gambling
November 01, 2013, 05:15:26 PM
#9
i want to play
Casino Gambling Guy
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Activity: 63
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Re: About some bitcoin gambling
November 01, 2013, 05:56:41 PM
#10
Every big online casino has an edge however I did see one site that literally flips a coin. Do I trust it's 50/50, ummm no!
The best way to say thank you:
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hashcashcow
Newbie
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Activity: 14
Merit: 0
Re: About some bitcoin gambling
November 01, 2013, 07:53:57 PM
#11
I think its pretty cool how bitcoins have undermined so many laws that governments made.
where i live there is no way i could gamble online. thanks to bitcoins now its virtually impossible for the government to stop me.
credit cards and bank wires all could be stopped. good luck with them trying to block virtual currency
But sooner or later the government will figure out a way to regulate all of this.
untill then gimme them aces!
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