This might be a different approach to gambling?

[Runnert]

Dear Everyone,

We have been working on a free to use online casino with zero house egde!  After weeks of building we are proud to announce to you we have launched our beta version. But please keep in mind this is only the beta and we will we be continuously working on this project. Make sure you check it out even if you are not an gambler! We appreciate all feedback and suggestions. gl hf  
https://www.fifty-fifty.casino

Sincerely,

Fifty-Fifty

OP at first I want to tell you that zero house edge means going bankrupt for casino, so if you business is planned on short-term total loss, then it's good project.
Don't take it wrongly but you can achieve nothing without house edge. As I see max bet is 10$, this stops serious gamblers to gamble on your website and more likely your audience will be faucet catcher and players. That's not good for business too. I think it will be much more beneficial if you put ads on your website and offer people to play with just points, without any deposit or set memberships (but this last one won't be beneficial).

It's PvP so we don't have to worry about bankruptsy due to payouts. We set the max to 10$ to avoid major losses due to a glitch/bug, since we are still in the beta. Ads are a logical option but we don't want to bother our users with ads.

If you have 0% house edge, where will you get your income to sustain your presence?
And also, aside from the heads & tails, what other games are you going to have here?
Are you planning to get your gambling license also for this project?

There are no intentions to earn an income/revenue from the site, we have the resources to keep the site up and running.
So there is no need for any house edge. We see it more like our hobby to build this and to make something that never existed before.

We were thinking about adding PvP dice games, poker, sports-bets etc. But if you guys have any other ideas we are happy to hear you out.

Well right now we don't really feel like investing that much money into an gambling license. We can give our time and ofcourse pay for the hosting etc. If we reach an substantial amount of daily players we could always reconsider getting an license.

This is the first time that I have encountered that an online gambling site doesn't want to earn income or revenue.
Are you for real or do you have all the riches already to make this project like a hobby as you said?
Maintaining a site already requires money. How about the staffs that will be working on it? Like the chat support?
Are they working for free also? How many people are involved in this project?
I hope you have no loopholes in this pvp system that you can eventually gain money from.

Good point on the loopholes, check our home page and click read more. To counter this we will roll out an update somewhere next week.
We are the staff/livechat support/programmers/development/management.

If you have 0% house edge, where will you get your income to sustain your presence?
And also, aside from the heads & tails, what other games are you going to have here?
Are you planning to get your gambling license also for this project?

There are no intentions to earn an income/revenue from the site, we have the resources to keep the site up and running.
So there is no need for any house edge. We see it more like our hobby to build this and to make something that never existed before.

We were thinking about adding PvP dice games, poker, sports-bets etc. But if you guys have any other ideas we are happy to hear you out.

Well right now we don't really feel like investing that much money into an gambling license. We can give our time and ofcourse pay for the hosting etc. If we reach an substantial amount of daily players we could always reconsider getting an license.

This is the first time that I have encountered that an online gambling site doesn't want to earn income or revenue.
Are you for real or do you have all the riches already to make this project like a hobby as you said?
Maintaining a site already requires money. How about the staffs that will be working on it? Like the chat support?
Are they working for free also? How many people are involved in this project?
I hope you have no loopholes in this pvp system that you can eventually gain money from.

There are no other way on how to monetize your site and its really impossible to think of that a gambling site owner wouldn't think
on how he would profit and charitable works is quite not common nowadays even millionaires do create their own business online
to gain up something out of their funds and doesn't tend to give out free service to the community.We know that staffs and maintenances
do have some cost and running a site will really have some those expense and making no profit wont be sustainable.

Read reaction above.

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[Runnert]

There are no other way on how to monetize your site and its really impossible to think of that a gambling site owner wouldn't think
on how he would profit and charitable works is quite not common nowadays even millionaires do create their own business online
to gain up something out of their funds and doesn't tend to give out free service to the community.We know that staffs and maintenances
do have some cost and running a site will really have some those expense and making no profit wont be sustainable.

they can run ads on thier site just like what other websites do , so that they can keep the site up and pay other maintenance cost  . you mention charity  ?  i see some gambling sites are now giving some of their income on the charity that they choose based on thier poll  .  the title really says it all  . this gambling site is really unique to have a zero house edge if ever the owner pushes it  .   this can get instant attention resulting for them to become indemand which can make thier site run longer than usual 

We don't want to bother our users with ads.

We don't see any needs to monetize it. No fees except regular BTC transaction fees we do not want to cover those. Hosting everything is not that much, people spend more on smoking etc. Other hobby's like driving an motorcycle also cost way more. I can ensure you we will be able to host this platform for free for atleast the next 5years. After that i can not promise anything but most likely we will still host it for free after that. Due to the fact we are not able to look into the future one of u might become very ill or something like that.

Okay, the next 5 years is assured that you will be able to maintain the hosting for this site. But the whole thing isn't just about hosting.

they can run ads on thier site just like what other websites do , so that they can keep the site up and pay other maintenance cost  .

Actually the owner said that they don't have to monetize so that's why even adding ads on their website isn't going to benefit them (base on what he said). But until now, I'm still confused with his reasoning, anyway as long as this won't turn into a scam I think that will be okay.

We are not trying to scam ppl, if we wanted to target the ordinairy guy i could think of a 1000 other ways to do that way more efficient and with less work.

If you have 0% house edge, where will you get your income to sustain your presence?
And also, aside from the heads & tails, what other games are you going to have here?
Are you planning to get your gambling license also for this project?

There are no intentions to earn an income/revenue from the site, we have the resources to keep the site up and running.
So there is no need for any house edge. We see it more like our hobby to build this and to make something that never existed before.

We were thinking about adding PvP dice games, poker, sports-bets etc. But if you guys have any other ideas we are happy to hear you out.

Well right now we don't really feel like investing that much money into an gambling license. We can give our time and ofcourse pay for the hosting etc. If we reach an substantial amount of daily players we could always reconsider getting an license.

Well I will have to give you thumbs up for this. This is unique and has never been seen before. I love player vs player games and specially if there's a zero house edge it will give players an extra thrill to play and double their money based on their luck without having to give any portion of their winning voluntarily. It's good that you came up with this idea and wanting to spend resources to keep it alive without gaining. I will be sure to try it out and also wait for further improvements!

Thank you for your positive feedback! We plan to roll out a new update somewhere next week. Make sure you keep in touch with the site on this forum.

I wonder why would you even consider creating a zero house edge casino? The concern that some people have raised regarding this being a data collection attempt is probably the closest thing to reality.

I just hope that you do not in any way try to slip in a house edge in one of your upcoming updates without the users knowing anything about it. Surely you have operating costs, how do you meet these while having zero house edge? Do you charge an extortionate withdrawal fee or something?

You guys know the saying... When something sounds too good to be true, it usually is!

We are not trying to collect data, and we will NEVER add a house edge to our website. Withdraw fees can be checked afterward so you can see it for your self. ;P

I understand it sound to good to be true, i think i will never be are to convince you guys on our beliefs. But i think time will tell.

[Runnert]

Dear Everyone,

We have been working on a free to use online casino with zero house egde!  After weeks of building we are proud to announce to you we have launched our beta version. But please keep in mind this is only the beta and we will we be continuously working on this project. Make sure you check it out even if you are not an gambler! We appreciate all feedback and suggestions. gl hf  
https://www.fifty-fifty.casino

Sincerely,

Fifty-Fifty

Zero house edge? This means both the house and the players have equal chance of winning. So, how is this going to work? How is the casino going to make a profit? Since you have zero house edge, this means in the long run there is a chance that your bankroll won't exist anymore since users might win it all.
Anyways, if you are trying to advertise for your casino, then make a proper announcement thread with all important and required information. This you way you will get better response than now.

It's PvP so we don't have to worry about pay outs, you could see us as a platfrom where gamblers can play against each other without interferance of a third-party. We are not really looking for quick growth so i think if we do that we will to too busy with PR stuff instead or programming.

Well we are not gamblers. From our perspective we enjoy coding and developing this platfrom. Besides that we gain pleasure from making something that hasn't been done before and might help out some ppl in the long run. The fact that ppl gamble is not good but atleast we can make sure no one profits from it.

Your concept is very interesting to me and I appreciate your intention that you provide this service for free. But members here are used to various scams, so they are mostly selective in choosing any platform. So indirectly many members here are suspicious of you, and I suggest you give a license to your platform or invite trusted member cooperation here so that your new platform at least has a guaranteed reputation.

I understand and i think i won't be able to convince you guys in anyway. so i think time will tell.
We might get a licence later on but for now we stick to bitcoin only. Sorry for the inconvenience.

~

~

~

We don't see any needs to monetize it. No fees except regular BTC transaction fees we do not want to cover those. Hosting everything is not that much, people spend more on smoking etc. Other hobby's like driving an motorcycle also cost way more. I can ensure you we will be able to host this platform for free for atleast the next 5years. After that i can not promise anything but most likely we will still host it for free after that. Due to the fact we are not able to look into the future one of u might become very ill or something like that.

I apologize for interfering in your conversation, but I could not help but note your statement about how a person can spend his money on pleasure.  The fact is that I have never met such an opinion so that it would be possible to compare any hobby and spending my finances on it with a passion for gambling. If a person spends his money on repairing and caring for a motorcycle, as well as on gasoline, then as a result he achieves what he wanted, namely the pleasure of owning a luxury motorcycle and the pleasure of driving this vehicle.  But with regard to gambling, if a gambler spends his money on a bet, then in any case he wants to get a win sometime.  Indeed, this is the whole point, and not just to play with any result .

Well we are not gamblers. From our perspective we enjoy coding and developing this platfrom. Besides that we gain pleasure from making something that hasn't been done before and might help out some ppl in the long run. The fact that ppl gamble is not good but atleast we can make sure no one profits from it.

Once again, I apologize, but here I will allow myself to correct you a little, because there are things from which a person takes great pleasure when doing his favorite thing or from doing what he does very well.  In this case, I am sure that you are doing what brings you pleasure.  I’ve been working in the cryptocurrency market for several years in various forms and I’m not always able to get a good income, but nevertheless I like this activity and bring it pleasure.

No need to apologize we all good

[Upgate]

This doesn't makes sense though since you don't want to have a profit and you just want a zero house edge. I think this is some kind of an experimentation before going on to a full game. A type of collecting data before making a real casino with a house edge.

Anyway, good luck on your experiment or whatsoever. The site design is quite simple, you might wanna twerk it a little bit to look more interesting.

They have the right to do what ever they want, and you might not know it they can have other ways of getting profit with zero house edge. However if the want to be on the main gambling field they should adopt some features required

[Lanatsa]

There are no other way on how to monetize your site and its really impossible to think of that a gambling site owner wouldn't think
on how he would profit and charitable works is quite not common nowadays even millionaires do create their own business online
to gain up something out of their funds and doesn't tend to give out free service to the community.We know that staffs and maintenances
do have some cost and running a site will really have some those expense and making no profit wont be sustainable.

they can run ads on thier site just like what other websites do , so that they can keep the site up and pay other maintenance cost  . you mention charity  ?  i see some gambling sites are now giving some of their income on the charity that they choose based on thier poll  .  the title really says it all  . this gambling site is really unique to have a zero house edge if ever the owner pushes it  .   this can get instant attention resulting for them to become indemand which can make thier site run longer than usual 

No they aren't bothering theirselves on having that ads option as they say.  

We don't want to bother our users with ads.

If this gambling site that do have true intent then congratulations but as a gambler or even just a person that do have common sense on how business works then
its hard to think that a service do offers no house edge thing unless if its temporal then its understandable but this one pertain or tending to be free or houseedgeless forever then
you cant blame people not to question out.

[Runnert]

This doesn't makes sense though since you don't want to have a profit and you just want a zero house edge. I think this is some kind of an experimentation before going on to a full game. A type of collecting data before making a real casino with a house edge.

Anyway, good luck on your experiment or whatsoever. The site design is quite simple, you might wanna twerk it a little bit to look more interesting.

They have the right to do what ever they want, and you might not know it they can have other ways of getting profit with zero house edge. However if the want to be on the main gambling field they should adopt some features required

What features did you have in mind?

[Runnert]

There are no other way on how to monetize your site and its really impossible to think of that a gambling site owner wouldn't think
on how he would profit and charitable works is quite not common nowadays even millionaires do create their own business online
to gain up something out of their funds and doesn't tend to give out free service to the community.We know that staffs and maintenances
do have some cost and running a site will really have some those expense and making no profit wont be sustainable.

they can run ads on thier site just like what other websites do , so that they can keep the site up and pay other maintenance cost  . you mention charity  ?  i see some gambling sites are now giving some of their income on the charity that they choose based on thier poll  .  the title really says it all  . this gambling site is really unique to have a zero house edge if ever the owner pushes it  .   this can get instant attention resulting for them to become indemand which can make thier site run longer than usual 

No they aren't bothering theirselves on having that ads option as they say.  

We don't want to bother our users with ads.

If this gambling site that do have true intent then congratulations but as a gambler or even just a person that do have common sense on how business works then
its hard to think that a service do offers no house edge thing unless if its temporal then its understandable but this one pertain or tending to be free or houseedgeless forever then
you cant blame people not to question out.

We don't blame anyone for not understanding our intentions, especially in a market that is all about money.

[rijaljun]

I won't say this site is legit or not. Many people will think it's not profitable to create a zero-edge gambling site, but don't you think it can be good and profitable as well as others? It's probably the last option to bring more users to the site, to bring more traffic to it. The owner won't get profit from their users but still could get profit from the traffic. It could be a perfect marketing strategy anyway.

I'm not sure it will run for long time, but at least they will have many users at first.

[Lanatsa]

We don't blame anyone for not understanding our intentions, especially in a market that is all about money.

Yes of course and that's the primary target on all businesses.Its just really hard to be convinced that you are running without minding the profitability of your website.

It's probably the last option to bring more users to the site, to bring more traffic to it. The owner won't get profit from their users but still could get profit from the traffic. It could be a perfect marketing strategy anyway.

Traffic and ads wont be sustainable when we do talk about gambling site expenses.It would not suffice for sure.

[rijaljun]

Traffic and ads wont be sustainable when we do talk about gambling site expenses.It would not suffice for sure.

I think they would not really afraid of the expenses as OP said it's PvP

It's PvP so we don't have to worry about bankruptsy due to payouts.

Honestly I don't 100% agree with this idea for long-term even though it's good for start. I know one gambling site called Edgeless (EDG), almost the same with this. They are offering zero house edge but 0,83% (CMIIW) in practice. They use the words "0% house edge" in order to attract people to join them. Perhaps, in the future (after getting a lot of users), this new site will do something with their users (either good or bad) or applying low house edge in order to pay the expenses.

[Lanatsa]

Traffic and ads wont be sustainable when we do talk about gambling site expenses.It would not suffice for sure.

I think they would not really afraid of the expenses as OP said it's PvP

It's PvP so we don't have to worry about bankruptsy due to payouts.

Honestly I don't 100% agree with this idea for long-term even though it's good for start. I know one gambling site called Edgeless (EDG), almost the same with this. They are offering zero house edge but 0,83% (CMIIW) in practice. They use the words "0% house edge" in order to attract people to join them. Perhaps, in the future (after getting a lot of users), this new site will do something with their users (either good or bad) or applying low house edge in order to pay the expenses.

Lets say its PvP but dont you consider on maintenance and expenses on maintaining the site? As an owner- you would be willing to pull out money for others benefits?
About on that Edgeless thing you said it is indeed possible that they would head up on that way.Anything can be change when they do saw that they already attracted lots of users and do impose fees in near future but the BIG question is, would they able to attract gamblers?

[Runnert]

I won't say this site is legit or not. Many people will think it's not profitable to create a zero-edge gambling site, but don't you think it can be good and profitable as well as others? It's probably the last option to bring more users to the site, to bring more traffic to it. The owner won't get profit from their users but still could get profit from the traffic. It could be a perfect marketing strategy anyway.

I'm not sure it will run for long time, but at least they will have many users at first.

We are not looking to profit from it in anyway. Also not on the traffic. Actually it's the other way around, we currently have 2-5 players and hope to get more later in the process.

We don't blame anyone for not understanding our intentions, especially in a market that is all about money.

Yes of course and that's the primary target on all businesses.Its just really hard to be convinced that you are running without minding the profitability of your website.

It's probably the last option to bring more users to the site, to bring more traffic to it. The owner won't get profit from their users but still could get profit from the traffic. It could be a perfect marketing strategy anyway.

Traffic and ads wont be sustainable when we do talk about gambling site expenses.It would not suffice for sure.

I am wondering what expenses did you have in mind?

Traffic and ads wont be sustainable when we do talk about gambling site expenses.It would not suffice for sure.

I think they would not really afraid of the expenses as OP said it's PvP

It's PvP so we don't have to worry about bankruptsy due to payouts.

Honestly I don't 100% agree with this idea for long-term even though it's good for start. I know one gambling site called Edgeless (EDG), almost the same with this. They are offering zero house edge but 0,83% (CMIIW) in practice. They use the words "0% house edge" in order to attract people to join them. Perhaps, in the future (after getting a lot of users), this new site will do something with their users (either good or bad) or applying low house edge in order to pay the expenses.

Zero means zero so not 0.0001% but 0%. And we will NEVER slide in a house edge.

Traffic and ads wont be sustainable when we do talk about gambling site expenses.It would not suffice for sure.

I think they would not really afraid of the expenses as OP said it's PvP

It's PvP so we don't have to worry about bankruptsy due to payouts.

Honestly I don't 100% agree with this idea for long-term even though it's good for start. I know one gambling site called Edgeless (EDG), almost the same with this. They are offering zero house edge but 0,83% (CMIIW) in practice. They use the words "0% house edge" in order to attract people to join them. Perhaps, in the future (after getting a lot of users), this new site will do something with their users (either good or bad) or applying low house edge in order to pay the expenses.

Lets say its PvP but dont you consider on maintenance and expenses on maintaining the site? As an owner- you would be willing to pull out money for others benefits?
About on that Edgeless thing you said it is indeed possible that they would head up on that way.Anything can be change when they do saw that they already attracted lots of users and do impose fees in near future but the BIG question is, would they able to attract gamblers?

I am not sure if we are able to attract gamblers everyone is free to play where ever they want.
Maintaining the site almost costs nothing. We are willing to cover that. We will never change the house edge.

[adzino]

Zero house edge? This means both the house and the players have equal chance of winning. So, how is this going to work? How is the casino going to make a profit? Since you have zero house edge, this means in the long run there is a chance that your bankroll won't exist anymore since users might win it all.
Anyways, if you are trying to advertise for your casino, then make a proper announcement thread with all important and required information. This you way you will get better response than now.

It's PvP so we don't have to worry about pay outs, you could see us as a platfrom where gamblers can play against each other without interferance of a third-party. We are not really looking for quick growth so i think if we do that we will to too busy with PR stuff instead or programming.

So if its PvP, how would you guys profit? You guys are going to be taking a small fee from both sides of the users just like poker rake? What's the total percentage of the commission? Again, if this is PvP then I don't get it why would you guys be advertising by saying that you guys have "zero house edge"? Of course the house is not going to be involved here unless the player is playing against the house (which again will cause problems to the bankroll in the long run).

gamblers can play against each otherwithout interferance of a third-party

Care to explain more? You guys are the third party over here holding the users balance and stuffs.

[rijaljun]

I won't say this site is legit or not. Many people will think it's not profitable to create a zero-edge gambling site, but don't you think it can be good and profitable as well as others? It's probably the last option to bring more users to the site, to bring more traffic to it. The owner won't get profit from their users but still could get profit from the traffic. It could be a perfect marketing strategy anyway.

I'm not sure it will run for long time, but at least they will have many users at first.

We are not looking to profit from it in anyway. Also not on the traffic. Actually it's the other way around, we currently have 2-5 players and hope to get more later in the process.

If you won't taking any profit from it, I'm frightened of your idea. If you do so, then I'm sure this won't have a long run and at the end I'm afraid that many people will lose their funds on the website when everything is done and you can't maintain this anymore.

[Runnert]

Zero house edge? This means both the house and the players have equal chance of winning. So, how is this going to work? How is the casino going to make a profit? Since you have zero house edge, this means in the long run there is a chance that your bankroll won't exist anymore since users might win it all.
Anyways, if you are trying to advertise for your casino, then make a proper announcement thread with all important and required information. This you way you will get better response than now.

It's PvP so we don't have to worry about pay outs, you could see us as a platfrom where gamblers can play against each other without interferance of a third-party. We are not really looking for quick growth so i think if we do that we will to too busy with PR stuff instead or programming.

So if its PvP, how would you guys profit? You guys are going to be taking a small fee from both sides of the users just like poker rake? What's the total percentage of the commission? Again, if this is PvP then I don't get it why would you guys be advertising by saying that you guys have "zero house edge"? Of course the house is not going to be involved here unless the player is playing against the house (which again will cause problems to the bankroll in the long run).


We are not looking for ways to make profit. No fees, no coin exchange rate or anything. We wanted to create the purest form of gambling possible.
We say 0% house-edge to make ppl understand we gain nothing from it.

gamblers can play against each otherwithout interferance of a third-party

Care to explain more? You guys are the third party over here holding the users balance and stuffs.

With interference by a third-party we mean: giving in money to a casino/host. Yes we are a third-party but we are not interfering money wise, we are only there for the convenience that ppl don't have to be sitting together irl.

[Runnert]

I won't say this site is legit or not. Many people will think it's not profitable to create a zero-edge gambling site, but don't you think it can be good and profitable as well as others? It's probably the last option to bring more users to the site, to bring more traffic to it. The owner won't get profit from their users but still could get profit from the traffic. It could be a perfect marketing strategy anyway.

I'm not sure it will run for long time, but at least they will have many users at first.

We are not looking to profit from it in anyway. Also not on the traffic. Actually it's the other way around, we currently have 2-5 players and hope to get more later in the process.

If you won't taking any profit from it, I'm frightened of your idea. If you do so, then I'm sure this won't have a long run and at the end I'm afraid that many people will lose their funds on the website when everything is done and you can't maintain this anymore.

If we are not able to maintain the site anymore( witch is highly unlikely ) we will make sure all funds go to the rightfull owner.
Like i said earlier: if we wanted to scam the ordinary guy there are 1000 other ways to do that way more efficient without building an complex gambling site.

[Runnert]

Dear Everyone,

We have been working on a free to use online casino with zero house edge! We choose to leave the house edge out because we believe there should be no need to gain from gamblers. After all we fund this site from our own pockets. We also strongly believe in anonymity so we do not apply KYC or collect any data besides your email (which doesn’t need confirmation). After weeks of building we are proud to announce to you we have launched our beta version. But please keep in mind this is only the beta and we will we be continuously working on this project. In the future we will be adding more games and a more friendly UI but for now we try to focus on what is important. It’s a Player vs Player system and the winner takes all, without any house edge or fees. Make sure you check it out even if you are not a gambler! We truly appreciate all feedback and suggestions. gl hf =)    https://www.fifty-fifty.casino

P.S.
Somewhere next week we plan to roll out an update that makes our RNG 100% waterproof. Make sure you keep updated through this post.

Sincerely,

Fifty-Fifty

We have updated some questions to our original post.

[rijaljun]

If we are not able to maintain the site anymore( witch is highly unlikely ) we will make sure all funds go to the rightfull owner.
Like i said earlier: if we wanted to scam the ordinary guy there are 1000 other ways to do that way more efficient without building an complex gambling site.

Just remember that we are in crypto world, and it means we should trust no one. Probably you are honest person, I don't know but people should not easily trust others just to keep them safe. Anyway, what is the complex parts you are talking about?

[adaseb]

The issue here is that this sounds like a potential scam since you are saying it's 0% house edge and you are running this site under the goodness of your heart.

I would understand if a large Bitcoin casino like Fortunejack, Primedice, Bitsler launched some sister site and claimed it was 0% house edge because it's PvP then I would believe them, because they already got a income stream with their main site. However you don't seem to have one in anyway and it seems like it might be a potential exit scam in the future, especially with the very simple design. Means not too much effort was put into this and another reason why it might be a scam.

My questions are also like the above posters, how can we prove it's really some unique player on the other side of the bet and not yourself, since you know the server seed and client seeds.?

[leea-1334]

If this gambling site that do have true intent then congratulations but as a gambler or even just a person that do have common sense on how business works then
its hard to think that a service do offers no house edge thing unless if its temporal then its understandable but this one pertain or tending to be free or houseedgeless forever then
you cant blame people not to question out.

Agree here 100%,,, and we all know we each hate ads and spam when we do not ask for it.

But on the other hand,,, if I like the site service and I do want to help them out, I will not mind seeing 1 or 2 ads a day, but of course only in a specific section where I can choose to watch and maybe open a faucet, that kind of thing. Just a suggestion:)