Are there any Sports betting websites with 0% house edge?

[rodel caling]

Sorry to  tell and do not be offended, I tell you prankly nothing can do that ideas 0% edge or the house getting with nothing while the player getting enjoy playing and the house using their facilities it is talking all about bussiness not charity.

[tippytoes]

Sorry to  tell and do not be offended, I tell you prankly nothing can do that ideas 0% edge or the house getting with nothing while the player getting enjoy playing and the house using their facilities it is talking all about bussiness not charity.

Gambling website offering 0% house edge will have long journey here in the gambling community to prove that they are offering legit operations. They are going against the norms of gambling business, so how can they change the world of gambling business? It might be possible but what's the catch?

[mich]

From my understanding of sports gambling it is this house edge that keeps the casinos in business.
It guarantees them a 10% "vig" as its called so they can make a profit regardless of outcome.
Without a house edge, the casino is taking a risk of losing money in the long haul.

[SyGambler]

you need to google betting exchanges cause this is the closest thing to what you are thinking about
for example fairlay - the most popular bitcoin betting exchange- , they used to have 0% commissions in the past so basically they were just matching bettors without charging commisions
but of course such offer or such site can't last forever cause it won't make sense to create such service in the first place
now there is a small fee on winnings ( for me it's 0.081% of winnings ) which is really so low comparing it with other exchanges ( kinda free and the exchange enables you to put orders for the odds you want and wait till someone else match it)

[Deylandra]

I was thinking of trying to build a sports betting website with a 0% house edge.

I was wondering if anything like this existed now?

Basically, the website wouldn't use any of it's own money but would just hold funds in escrow, which would enable a 0% house edge.

For example, if you want to bet $100 on the Patriots and place it with a betting parlor, the house edge is like 10%. The casino needs to make a profit.

But if my best friend wants to bet $100 on the Rams, I can just bet against him and receive a 0% house edge.

But what if you don't have a best friend who wants to bet on the Rams?

This website would enable you to put $100 into a bitcoin escrow on the Patriots, and if another user wants to accept your bet, they put $100 into escrow for the Rams.

A smart contract would ensure automatic payoff upon completion of the game.

I mean, this is basically what Ethereum was built for I think, so I'm assuming someone has perhaps already done it?

I was living in England for a while and there's like sports betting parlors on every street corner. I'm just picturing like, all of this gone in 10 years, like what happened to blockbuster. When people figure out you can get a negligible house edge, why place bets where the juice is 10%?

Such a scenario will work if bets only involve a few people and they have different choices, one person chooses team A and the other person has to choose team B. But when betting involves many people and because the chances of people having the same choice are high, the scenario like that won't work. That is why there must be bookies that are ready to accept whatever bets we make and that will only happen with the help of the house edge.

That's exactly how the site will make money. You can get the zero house edge only if you find another user willing to bet against you. For example, if there are exactly 100 people wanting to bet on the Patriots and 100 wanting to bet on the Rams, then everyone would get a zero house edge.

But that scenario is not realistic. You might get 80 people who want to bet on the Patriots and 50 people who want to bet on the Rams.

For those additional 30 people to bet, they would have to bet against the house's money, which would have a house edge.

You could also offer table games like blackjack, etc with a house edge.

But the lure to get people in the door would be the possibility of a zero house edge on sportsbetting.

The only other way to keep the house edge zero, might be through advertising and scaling to a massive, massive size. That would require deep pockets to get off the ground though.

[michellee]

Sorry to  tell and do not be offended, I tell you prankly nothing can do that ideas 0% edge or the house getting with nothing while the player getting enjoy playing and the house using their facilities it is talking all about bussiness not charity.

If they applied a 0% edge, I don't think that they can be online for a long time. They need to run their business on the internet, and they need to pay the expenses that appear on every month. But if you can find gambling websites or sports betting websites which have 0% house edge, then you are lucky, and you can play in that site.

[Malsetid]

Sportbets actually don't have any house edges since you're not playing against the house. Probably you'll pay for making a bet but that's one gambling type that you pit your money against other players, not the casino or the gambling site. And that's also what makes it  better choice for a lot of casual gamblers.

[jakelyson]

This is a very good idea. A gambler can just put on a bet and the system will match them to the bets of other gamblers.

It just needs a way to fund its operation. Ads is a bad idea. It hinders good user experience of the site. A premium looks good but I bet there are very few gamblers will pay for a premium. A fee can do.

[shoreno]

Sorry to  tell and do not be offended, I tell you prankly nothing can do that ideas 0% edge or the house getting with nothing while the player getting enjoy playing and the house using their facilities it is talking all about bussiness not charity.

If they applied a 0% edge, I don't think that they can be online for a long time. They need to run their business on the internet, and they need to pay the expenses that appear on every month. But if you can find gambling websites or sports betting websites which have 0% house edge, then you are lucky, and you can play in that site.

for the record , i dont see a gambling websites that claims to have a zero percent house edge ,  so far the lowest i see is 1 percent house edge and that is from yolodice if im not mistaken  .

 however if a gambling site claims that they have zero house edge , i dont think that you can now always win against them  .  gambling is still a gambling and that will will depend on how lucky you are  .  other sites are also cheating  . thier house are actually high but they only advertise lower percents  .

[swogerino]

That is a strange name in the title thread, sport betting has no house edge as you are choosing an outcome for a game of your choice, in sport betting real persons, real players of a sport are competing against each other and are not controlled by any computer like you may find in casino slots.

[leea-1334]

A 0% house edge will not generate income for the online casino site, to keep their doors open. A 0% house edge will also generate a lot of trafic to the site and traffic = bandwidth. How will a site like this pay for the bandwidth and maintenance and also support staff?

The only way this will work, is if the site hosts many other games with a higher house edge, which would generate the income for the site, but their Sport betting games will have to draw in the crowd with it's 0% house edge. <The site might just get Sport betting players and they might not play the other games?> 

Great ideas actually. 0% house edge but you provide scripts even, or like a marketplace for people to create scripts and smart contracts, then you get a fee or percentage from any rentals or sales.

OR even, with the traffic, you have advertising and newsletter subscriptions to sell. You are correct, there are other ways to make money but we see some people try it. Even with tiny sports fees marketplaces cannot really attract gamblers.

[vennali]

I dont think any sportsbook would accept that(since house edge is the insurance they have to profitability) but I have an idea, why dont you just find a few capers and make the bets P2P. You can make a telegram group out of it. There are a few sites/betting exchanges which have very low house edge, as low as 0.5% but with 0 house edge, the website will be providing you free service/charity. Aint gonna happen.

[Indamuck]

A 0% house edge will not generate income for the online casino site, to keep their doors open. A 0% house edge will also generate a lot of trafic to the site and traffic = bandwidth. How will a site like this pay for the bandwidth and maintenance and also support staff?

The only way this will work, is if the site hosts many other games with a higher house edge, which would generate the income for the site, but their Sport betting games will have to draw in the crowd with it's 0% house edge. <The site might just get Sport betting players and they might not play the other games?> 

A site like this could easily make a profit from ad revenue alone if they were able to attract a lot of players.  A 0% house edge will have people scrambling to get a piece of the action.

[serjent05]

Lol. 
If what you wish will be followed then there will be no gambling sites ever. 0% house edge mean there will be no profit for the house and how are they going to stand and sustain their expenses if you won't give them profit? That is their lot, their business, if they are not going to earn then they cannot continue. Maybe, just maybe if they have other business and gambling is just their side job or strategy to attract users or other people to the site so they can lead them to their main business. Just assumption though.

[fullhdpixel]

Sportbets actually don't have any house edges since you're not playing against the house. Probably you'll pay for making a bet but that's one gambling type that you pit your money against other players, not the casino or the gambling site. And that's also what makes it  better choice for a lot of casual gamblers.

Well, that is just a type of the gambling and not all the gambling websites are dealing with sports bet so that is an exception. See these companies are in the market to make money okay and they simply cannot be too good to keep the house edge 0% because if they do so, how would they make money ?

They will be done with in few days after making nothing and providing the services so I do not think there would be any website with a 0% house edge.

[nydiacaskey01]

A 0% house edge will not generate income for the online casino site, to keep their doors open. A 0% house edge will also generate a lot of trafic to the site and traffic = bandwidth. How will a site like this pay for the bandwidth and maintenance and also support staff?

The only way this will work, is if the site hosts many other games with a higher house edge, which would generate the income for the site, but their Sport betting games will have to draw in the crowd with it's 0% house edge. <The site might just get Sport betting players and they might not play the other games?> 

A site like this could easily make a profit from ad revenue alone if they were able to attract a lot of players.  A 0% house edge will have people scrambling to get a piece of the action.

I was thinking of how can they generate revenues if its 0% house edge and I forgot about the ads but isn't it that too much ads in a website turns away users? Its like every time you go to another page you will get an ad first before the page starts to load and I think thats annoying. Banner ads are not really that income generating I guess.

[AhmadM]

Its like every time you go to another page you will get an ad first before the page starts to load and I think thats annoying. Banner ads are not really that income generating I guess.

I agree with you. If it will be implemented just for 0% house edge sake and pop-ads appear in everywhere before the page work properly. I think most of users are not longer stay on the site.

[Fredomago]

Its like every time you go to another page you will get an ad first before the page starts to load and I think thats annoying. Banner ads are not really that income generating I guess.

I agree with you. If it will be implemented just for 0% house edge sake and pop-ads appear in everywhere before the page work properly. I think most of users are not longer stay on the site.

That's the very reason why even owners tried to generate profits from this kind of ways they won't last long as gamblers won't stayed with annoying ads
that keeps popping while they are playing inside the house, house edge is the very best to gain profits and that's the reason why gambling business is keep on spreading around.

[omonuyak]

I think there are because I have see many posts here specially on this gambling board about free or 0% edge.  I think there are many house edge that offer 0% on sports betting and other gambling services.

[goaldigger]

I was thinking of trying to build a sports betting website with a 0% house edge.

I was wondering if anything like this existed now?

Basically, the website wouldn't use any of it's own money but would just hold funds in escrow, which would enable a 0% house edge.

For example, if you want to bet $100 on the Patriots and place it with a betting parlor, the house edge is like 10%. The casino needs to make a profit.

But if my best friend wants to bet $100 on the Rams, I can just bet against him and receive a 0% house edge.

But what if you don't have a best friend who wants to bet on the Rams?

This website would enable you to put $100 into a bitcoin escrow on the Patriots, and if another user wants to accept your bet, they put $100 into escrow for the Rams.

A smart contract would ensure automatic payoff upon completion of the game.

I mean, this is basically what Ethereum was built for I think, so I'm assuming someone has perhaps already done it?

I was living in England for a while and there's like sports betting parlors on every street corner. I'm just picturing like, all of this gone in 10 years, like what happened to blockbuster. When people figure out you can get a negligible house edge, why place bets where the juice is 10%?

This might be but this is unreal. How do the house profit if they dont have any house edge?. Its like doing a job free or making an expensive portrait to everyone for free. Its a real deal for players but if your the house, how can you get the fund for all your expenses including site maintenance, jackpots, etc.? This wouldnt work.