iamsheikhadil
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October 14, 2019, 05:09:06 AM |
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A casino needs money to be built, maintained etc. Giving you a game of 0% house edge means the casino and you will have equal luck when betting which will be unfair since as a free player, you don't have any expenses to cover while the casino has to. And with a few lucky players, the casino will go bankrupt and no casino would want that xD
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sheenshane
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October 14, 2019, 06:09:35 AM |
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snip- Wait, what is the use of house edge?
In its simplest terms, it is the source of income of casinos. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yep, that is right. They will get revenue from the house edge. Zero house edge which means high possible of scam or having shady services. As far as I know, there is currently running a gambling dice site that has the lowest house edge on this forum, which is crypto-games.net. If I was not mistken that is 0.8% house edge. I prefer to use a gambling site that has a 1% house than using 0% house edge that high possibility of losing money. Refer to this link for the dice gambling site's house edge, https://bitcointalk.org/index.php?topic=2097255.0
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panjul07
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October 14, 2019, 07:02:34 AM |
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0% House Edge on dice exist for promotional purpose only. I remember there were some sites offered 0% house edge for limited time, they are Bitsler and Crypto-games IIRC. It is impossible to see a dice site with 0% house edge if not for promotional purpose as house edge is the way how casinos make profit. I also remember that there was a site called by ZeusDice that claimed to have 0% house edge but I do not think it was legit site and the site gone faster. If there is a dice site with 0% HE not for promotion then I will not even try it because it sounds fishy as it is too good to be true.
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Finestream
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October 14, 2019, 07:29:29 AM |
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Time to give the gambling power back into the people's hands !BTC
That's not gonna happen, it's like you are giving a service with asking in return, it's a big no in business venture. We know that casinos operate for a profit, they are not a charity institution, therefore they cannot grant that kind of wish. even if the sportsbook have 10% juice in the odds, so we can expect that even if less 1%, the dice sites will still have that house edge installed in their system.
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canovan25
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October 14, 2019, 02:19:56 PM |
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No dice site owners would want a dice game that doesn't have house edge at all. I'll ask you this question op, are you willing to run a dice game site without earning a single profit from it?. Let me guess, your answer would be a big "NO". Well, you can find a site that has low house edge like 0.8% or 1%.
I want run a dice game site with 0% home edge ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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canovan25
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October 14, 2019, 02:26:23 PM |
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Time to give the gambling power back into the people's hands !BTC
the power hadn't been into people's hands, ever Exampe: Jack have 30% hashrate of DiceCoin. And he create dice with 0% home edge. Luca will be a player. And Luca replenish wallet in dice. He pay 0.001 coin for transfering coin. And Jack got 0.0003 coin. You think about this?
I don't think it will work. Players deposit once in a while just when their deposit wallets run out of money. Fees collected will not suffice to pay the casino's expenses. You count relation of total wager and deposit. Start contest and wait the comission. If dice look like a 999dice or 1dice, maybe you will have a profit))
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milewilda
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October 14, 2019, 05:33:19 PM |
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snip- Wait, what is the use of house edge?
In its simplest terms, it is the source of income of casinos. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yep, that is right. They will get revenue from the house edge. Zero house edge which means high possible of scam or having shady services. As far as I know, there is currently running a gambling dice site that has the lowest house edge on this forum, which is crypto-games.net. If I was not mistken that is 0.8% house edge. I prefer to use a gambling site that has a 1% house than using 0% house edge that high possibility of losing money. Refer to this link for the dice gambling site's house edge, https://bitcointalk.org/index.php?topic=2097255.01% HE is already a standard nowadays on most popular gambling sites as of this moment specially with Dice platforms.Yes, crypto-games do have the lowest among all excluding that safe-dice which do had 0.5% but still not recommended to play into that place due to some various issues so it means it not counted among on the selection. 0% is just a dream because no gambling site would tend out to have this kind of set-up because we know that they do only get out some profit with that house edge thing and if they do operate without those numbers then its impossible for them to sustain of yet we know that there are websites expenses and other some related stuff.
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Naida_BR
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October 14, 2019, 06:05:27 PM |
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Time to give the gambling power back into the people's hands !BTC
I don't think that you are going to find a casino with 0% house edge. They need to make some profits as well in order to provide you the experience of gambling on their websites. Operational, development costs etc are need to be paid somehow, so the house edge is important.
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DGulari
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October 14, 2019, 10:50:54 PM |
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I want run a dice game site with 0% home edge ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Well wish you with luck for that. But like people arleady said, you must think other way how to cover your site expenses by running 0% House Edge (ex promoting advertize on your site) You count relation of total wager and deposit. Start contest and wait the comission. If dice look like a 999dice or 1dice, maybe you will have a profit))
If you only copy other's dice game design, you will be only called by copied dice game. Why you need to copy scam site like 999dice?
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Duzter
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October 14, 2019, 11:23:11 PM |
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There will be specific house edge for every game, and this varies between the gambling websites as well as with the games. Some games get o. 5% House edge and in most cases dice will be having 1% house edge. Just because a website has got zero house edge you won't be getting wins on all the rolls. Think of the house edge with sports betting, you can't make a win out of it as you predict.
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Darker45
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October 15, 2019, 02:26:38 AM |
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snip- Wait, what is the use of house edge?
In its simplest terms, it is the source of income of casinos. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yep, that is right. They will get revenue from the house edge. Zero house edge which means high possible of scam or having shady services. As far as I know, there is currently running a gambling dice site that has the lowest house edge on this forum, which is crypto-games.net. If I was not mistken that is 0.8% house edge. I prefer to use a gambling site that has a 1% house than using 0% house edge that high possibility of losing money. Refer to this link for the dice gambling site's house edge, https://bitcointalk.org/index.php?topic=2097255.01% HE is already a standard nowadays on most popular gambling sites as of this moment specially with Dice platforms.Yes, crypto-games do have the lowest among all excluding that safe-dice which do had 0.5% but still not recommended to play into that place due to some various issues so it means it not counted among on the selection. 0% is just a dream because no gambling site would tend out to have this kind of set-up because we know that they do only get out some profit with that house edge thing and if they do operate without those numbers then its impossible for them to sustain of yet we know that there are websites expenses and other some related stuff. 1% house edge is the most common nowadays. But there are also a handful of dice sites which offer lower. Crypto-games, as you have mentioned is one. They have 0.5% house edge. I don't have a problem with the site. They even have a clean account here, as compared to other gambling sites that have red tags. Just like crypto-games, safedice is also offering 0.5% house edge. Megadice is also offering lower than 1% house edge. They have 0.9%. And if you are regularly following Bitsler's offers, you might chance upon a 0% house edge offer for a limited period of time.
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janggernaut
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October 15, 2019, 05:09:29 AM |
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1% house edge is the most common nowadays. But there are also a handful of dice sites which offer lower. Crypto-games, as you have mentioned is one. They have 0.5% house edge. I don't have a problem with the site. They even have a clean account here, as compared to other gambling sites that have red tags. Just like crypto-games, safedice is also offering 0.5% house edge. Megadice is also offering lower than 1% house edge. They have 0.9%. And if you are regularly following Bitsler's offers, you might chance upon a 0% house edge offer for a limited period of time.
Afaik Cryptogames has 0.8% House edge. I won't recommend to gamble on safedice although they offered you 0.5% house edge (kinda low from other gambling sites) since they still have problem with their site (admin goes offline since a year ago, their main account also hasn't active on here anymore).
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tippytoes
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October 15, 2019, 06:56:13 AM |
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1% house edge is the most common nowadays. But there are also a handful of dice sites which offer lower. Crypto-games, as you have mentioned is one. They have 0.5% house edge. I don't have a problem with the site. They even have a clean account here, as compared to other gambling sites that have red tags. Just like crypto-games, safedice is also offering 0.5% house edge. Megadice is also offering lower than 1% house edge. They have 0.9%. And if you are regularly following Bitsler's offers, you might chance upon a 0% house edge offer for a limited period of time.
Afaik Cryptogames has 0.8% House edge. I won't recommend to gamble on safedice although they offered you 0.5% house edge (kinda low from other gambling sites) since they still have problem with their site (admin goes offline since a year ago, their main account also hasn't active on here anymore). That is the problem of some sites who are offering a lil bit lower house edge than others. They couldn't maintain the operations or let's say, they can't cope up with the competition. Even though they are offering lower house edge, yet, the sustenance is quite hard especially if you have no sufficient bankroll on hand. So I would say, sometimes it is better to play with known sites even if they are offering like 1%, but you know for sure when it comes to payout, you will have no problem at all.
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janggernaut
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October 15, 2019, 11:10:54 AM |
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That is the problem of some sites who are offering a lil bit lower house edge than others. They couldn't maintain the operations or let's say, they can't cope up with the competition. Even though they are offering lower house edge, yet, the sustenance is quite hard especially if you have no sufficient bankroll on hand. So I would say, sometimes it is better to play with known sites even if they are offering like 1%, but you know for sure when it comes to payout, you will have no problem at all.
Actually safedice has been establised for more than 2 years before it turned to like this. At that time, they was running smoothly without any problem from player and there was an user who won more than 100 btc on there (afaik they successfully cashed out). So with that fact i doubt if the reason why they aren't active anymore because of low house edge they offered.
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carlfebz2
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October 15, 2019, 06:48:20 PM |
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That is the problem of some sites who are offering a lil bit lower house edge than others. They couldn't maintain the operations or let's say, they can't cope up with the competition. Even though they are offering lower house edge, yet, the sustenance is quite hard especially if you have no sufficient bankroll on hand. So I would say, sometimes it is better to play with known sites even if they are offering like 1%, but you know for sure when it comes to payout, you will have no problem at all.
Actually safedice has been establised for more than 2 years before it turned to like this. At that time, they was running smoothly without any problem from player and there was an user who won more than 100 btc on there (afaik they successfully cashed out). So with that fact i doubt if the reason why they aren't active anymore because of low house edge they offered. Lower house edge is much more better than having no edge at all where you cant able to pull up funds either on users win or maintenance of the site. 100 BTC win would surely wreck em up if their entire bankroll isnt really that too big but they should at least put up some max winning on a small percentage if they do really like for their business to last longer because if they would continue it out then it wont really be a sustainable one.
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Oceat
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October 15, 2019, 07:52:40 PM |
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That is the problem of some sites who are offering a lil bit lower house edge than others. They couldn't maintain the operations or let's say, they can't cope up with the competition. Even though they are offering lower house edge, yet, the sustenance is quite hard especially if you have no sufficient bankroll on hand. So I would say, sometimes it is better to play with known sites even if they are offering like 1%, but you know for sure when it comes to payout, you will have no problem at all.
Actually safedice has been establised for more than 2 years before it turned to like this. At that time, they was running smoothly without any problem from player and there was an user who won more than 100 btc on there (afaik they successfully cashed out). So with that fact i doubt if the reason why they aren't active anymore because of low house edge they offered. Lower house edge is much more better than having no edge at all where you cant able to pull up funds either on users win or maintenance of the site. 100 BTC win would surely wreck em up if their entire bankroll isnt really that too big but they should at least put up some max winning on a small percentage if they do really like for their business to last longer because if they would continue it out then it wont really be a sustainable one. Maybe it was a long time ago where the price is not just like now or during in a bullish trend. The price before compared today is way too cheap but still it's a lot of money someone actually win it. On the other hand, having 0% house edge is impossible to grow in the long run especially if they have a lot of players. It would be better if they have at least 1% house edge to sustain their maintenance fees on the site. Zero house edge would lead to bankruptcy.
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ReiMomo
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October 15, 2019, 08:11:40 PM |
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~snip~ On the other hand, having 0% house edge is impossible to grow in the long run especially if they have a lot of players. It would be better if they have at least 1% house edge to sustain their maintenance fees on the site. Zero house edge would lead to bankruptcy.
Sounds you are right, thats why commonly all kind of gambling sites that has a 1% house edge. I don't think how to survive the gambling casino without a house edge, all fees are covered on that and at least the gambling site owner will keep the profit from house edge. If the scam site wanted to tempt gamblers and one of their victim they will lower the edge but actually they are not safe.
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Vispilio
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October 15, 2019, 08:15:51 PM |
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The only way you can get 0% house edge is through short term special promotional offers, and possibly with arbitraging opposing bets but that does not pertain to dice games you are inquiring about.
You have to come to terms with the reality that a casino or a website cannot exist as a business / service without a for-profit business model...
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canovan25
Member
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Merit: 30
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October 16, 2019, 02:57:43 AM |
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I want run a dice game site with 0% home edge ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Well wish you with luck for that. But like people arleady said, you must think other way how to cover your site expenses by running 0% House Edge (ex promoting advertize on your site) You count relation of total wager and deposit. Start contest and wait the comission. If dice look like a 999dice or 1dice, maybe you will have a profit))
If you only copy other's dice game design, you will be only called by copied dice game. Why you need to copy scam site like 999dice? Tell me, in 1400 year, moneylender thought about 0% comission of credit? They are gived credit with 4,5% yearly rate. And they dont knew, why credit with 0% comission maybe profitable... But my bank upper my overdraft level without percent in card. Magic? And maybe I make tools which make dice with 0% HE profitable ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Yatsan
Legendary
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Leading Crypto Sports Betting & Casino Platform
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October 16, 2019, 04:00:57 AM |
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The only way you can get 0% house edge is through short term special promotional offers, and possibly with arbitraging opposing bets but that does not pertain to dice games you are inquiring about.
You have to come to terms with the reality that a casino or a website cannot exist as a business / service without a for-profit business model...
Casino's target is to have a profit like it or hate it, the house always win, and I think the 1% house edge is not that bad, if you are just a casual gambler actually that is good because when you go to physical casino's their edge is likely to be more that 1%. The fee is low there's no hassle when you are going to cash-out your money you can play anytime anywhere so I think that is actually good and not that bad. So 1% house edge for me is all good.
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