Negative House Edge Crypto Casino

[phreess]

I have read tons of threads regarding this notion of doing a casino with a Negative House Edge, and of course it makes sense NOT to create one, right? Unless you wanted to give away free crypto to users, in the long run the house would be losing crypto coins.

Now, I really6 thought about this for more than a year now and I think I found the only way that a Negative House Edge Crypto Casino can work.

So, I made the first casino with negative house edge and I was wondering what you guys thought.

Obviously, the goal is to promote the use of the Phreess token, and for people to earn Phreess in the long run playing on the casino.

[1715148898]

1715148898

[Oilacris]

Who would be on the right mind on creating one? If you are just concern on giving away those pherees token then it would be better to give it or via airdrop and you would save up lots
of work and hassle on creating a gambling site just because for that sole purpose.

Imagine that we cant even see gambling sites do make zero house edge yet on how the hell they would make money with that set-up.? Its a simple logic that with negative ones then
you are just trying to kill your own gambling site.

Pheeres token? people wont bother if this token doesnt really have value at all.

[phreess]

Who would be on the right mind on creating one? If you are just concern on giving away those pherees token then it would be better to give it or via airdrop and you would save up lots
of work and hassle on creating a gambling site just because for that sole purpose.

Imagine that we cant even see gambling sites do make zero house edge yet on how the hell they would make money with that set-up.? Its a simple logic that with negative ones then
you are just trying to kill your own gambling site.

Pheeres token? people wont bother if this token doesnt really have value at all.

The Phreess token is still in pre-sale phase, so it is still not on exchanges yet, but I created one negative edge casino for people to earn Phreess tokens.

You could buy, earn them in games or earn in bounties. The Negative edge is to get people interested in the coin and earn in the long term.

Now, there are around 2.3 billion Phreess tokens to be sold or to be earned through games or bounties, so the negative edge would be up and running until all tokens are sold and earned. Then, we would change the house edge to positive to earn phreess tokens back and then when we have enough, turn the edge back to negative to give all those tokens back again.

I think it's a cool way to get the community engaged.

[dothebeats]

Now, there are around 2.3 billion Phreess tokens to be sold or to be earned through games or bounties, so the negative edge would be up and running until all tokens are sold and earned. Then, we would change the house edge to positive to earn phreess tokens back and then when we have enough, turn the edge back to negative to give all those tokens back again.

I think it's a cool way to get the community engaged.

Ultimately there aren't any incentives for the investors if this is what you're planning. Giving them away in a bounty such as what you project is good, but giving them something again AFTER the token goes live on exchanges is not really smart. Most probably you would see dumps on your token in no time if you revert the house edge of your platform to negative in order to entice people to get involved in the community. Using a negative house edge casino platform for bounties during pre-sale is already a good idea, but doing it a second time after people have bought tokens isn't.

[phreess]

Now, there are around 2.3 billion Phreess tokens to be sold or to be earned through games or bounties, so the negative edge would be up and running until all tokens are sold and earned. Then, we would change the house edge to positive to earn phreess tokens back and then when we have enough, turn the edge back to negative to give all those tokens back again.

I think it's a cool way to get the community engaged.

Ultimately there aren't any incentives for the investors if this is what you're planning. Giving them away in a bounty such as what you project is good, but giving them something again AFTER the token goes live on exchanges is not really smart. Most probably you would see dumps on your token in no time if you revert the house edge of your platform to negative in order to entice people to get involved in the community. Using a negative house edge casino platform for bounties during pre-sale is already a good idea, but doing it a second time after people have bought tokens isn't.

I will definitely have that in mind

[hosseinimr93]

Obviously, the goal is to promote the use of the Phreess token, and for people to earn Phreess in the long run playing on the casino.

Where will these tokens come from? Won't they be created out of thin air?

Every time someone withdraw some tokens from your website, the token circulating supply will increase and tokens will decrease in value.
Additionally, I doubt you can provide liquidity for converting those tokens to dollar, BTC, ETH or other valuable currencies. So they are worthless.
It doesn't make sense to play in such a casino unless someone play only for fun.

[phreess]

Obviously, the goal is to promote the use of the Phreess token, and for people to earn Phreess in the long run playing on the casino.

Where will these tokens come from? Won't they be created out of thin air?

Every time someone withdraw some tokens from your website, the token circulating supply will increase and tokens will decrease in value.
Additionally, I doubt you can provide liquidity for converting those tokens to dollar, BTC, ETH or other valuable currencies. So they are worthless.
It doesn't make sense to play in such a casino unless someone play only for fun.

At one point all coins were valued at zero, and that didn't mean they are valuable today.

This is not a quick rug-pull, so I believe it will grow in value. But sure, right now each token's value is low but it will grow as time goes

[rhomelmabini]

Unless those token holds true value I guess you will not see nor will be flocked by gamblers on your site. It may sound news and unique to me but I don't think this will be good for the long term on your end. I think you should consider more the investors since this is an investment thing and if investors will buy now then the positive house edge will be done later I think it isn't profitable especially for the early birds that supported it.

[phreess]

Unless those token holds true value I guess you will not see nor will be flocked by gamblers on your site. It may sound news and unique to me but I don't think this will be good for the long term on your end. I think you should consider more the investors since this is an investment thing and if investors will buy now then the positive house edge will be done later I think it isn't profitable especially for the early birds that supported it.

Yup, that's correct.

The goal is to enhance the use of the Phreess token and once the Phreess Exchange is ready, people will be able to trade their coins over there, and since the price is really low right now, it will be very interesting to see.

EDIT: I think that the Exchange is up and ready and it's value is shown, people will flock to these games.

Everything takes time, so patience is key hehe. This is a long term game

[hulla]

Creating a negative house edge gambling site is a wonderful innovation but I dont think this will go a long way, i dont want to discourage you but the idea to promote your token which will be use as native coin on the site seems to be a bad idea cause 95% of all gambling site native token are later obsolete. However, you doing the intial offering of the token through ICO wont help the sales either.

[phreess]

Creating a negative house edge gambling site is a wonderful innovation but I dont think this will go a long way, i dont want to discourage you but the idea to promote your token which will be use as native coin on the site seems to be a bad idea cause 95% of all gambling site native token are later obsolete. However, you doing the intial offering of the token through ICO wont help the sales either.

Yup, usually they become obsolete as owners let go their sites, don't care about keeping up the good work and everything else needed to make a successful site.

I think we are really early to see it's full potential.

The first step is to finish the Phreess Exchange, and continue promoting the whole Phreess project, not only on forums but other means, like search engines, content marketing and a lot of other great ideas.

In the past, one of my biggest projects got like 3million visitors in like 6 months and I made a killing.

It takes time. That time, that site took around 8-10 months before it went to the moon in serps (search engine ranking pages) to #1 in lots of highly searched terms, and that's where the users really started coming in.

Right now, we are at the stage of starting everything and showing people what we can do, but in time, the site will talk for itself and the engagement will be amazing.

Like bitcoin, when it started, everyone called it a scam, but now even jpmorgan got his crypto ready to roll.

So, it's all a matter to get to work, increase engagement and let things develop naturally.

[Johnyz]

Even if there’s a negative house edge the gambler must still be cautious because for me its too impossible to have this one where the business of casinos is to make money and not to giveaway that easily. I’ll let someone to try this one first before I do more research about it and since they are still on a pre-sale, there’s still time to do our research so don’t rush because of hype.

[AmoreJaz]

Even if there’s a negative house edge the gambler must still be cautious because for me its too impossible to have this one where the business of casinos is to make money and not to giveaway that easily. I’ll let someone to try this one first before I do more research about it and since they are still on a pre-sale, there’s still time to do our research so don’t rush because of hype.

they are not really giving away their tokens easily. what i understand here is that they are selling their tokens via this gaming platform, that's why they are having negative he for now. so they are favouring the players for the moment because they need to sell their tokens via their games.
but once their tokens are sold, they will have the regular he for a casino.
though we rarely see a casino succeed using their own coins or tokens, but lets see how far this project will achieve here...

[milewilda]

Even if there’s a negative house edge the gambler must still be cautious because for me its too impossible to have this one where the business of casinos is to make money and not to giveaway that easily. I’ll let someone to try this one first before I do more research about it and since they are still on a pre-sale, there’s still time to do our research so don’t rush because of hype.

they are not really giving away their tokens easily. what i understand here is that they are selling their tokens via this gaming platform, that's why they are having negative he for now. so they are favouring the players for the moment because they need to sell their tokens via their games.
but once their tokens are sold, they will have the regular he for a casino.
though we rarely see a casino succeed using their own coins or tokens, but lets see how far this project will achieve here...

Not totally on selling it but rather in the form of giving it considering that the house do have negative house edge which you can really say that players would have the edge.Right? So it does mean that winning those tokens wont really be that hard compared to those having +1- 1.5% HE. So theres no involved about buying out some tokens on here but somehow i do see on whats the true motive or target of op here via means of distribution of coins but it is quite that too hassle or too much work on making a gambling site just for dedicatedly on distributing their own coins?
Just on the same insights and inputs of others that there are much more simplier way if he do seek for distribution not just on making or do involved gambling games
just because he wants for people to engage with it.

[AliMan]

Even if there’s a negative house edge the gambler must still be cautious because for me its too impossible to have this one where the business of casinos is to make money and not to giveaway that easily. I’ll let someone to try this one first before I do more research about it and since they are still on a pre-sale, there’s still time to do our research so don’t rush because of hype.

Maybe it's time to realize the real game with gambling, negativity always affected a lot of people particular with addicted ones. We must act seriously and don't get deceived by different promotions coming out, because this will literally drown you with ongoing gambling desires. Having research is good but not effective in many certain cases, self control is the very best option to have.

[StephenJH]

 Negative house edge? Did I read it correctly? What will be the gain or profit for casinos without a house edge? Probably, you only take a commission from winnings like few online casinos, only winners are charged for taking a more percentage from a winning pot. A further explanation will give an idea of what kind of house edge mechanics we discuss here.

P.S: I have seen the negative edge of trading pairs and on small exchanges. They burn the tokens of exchange on monthly basis and the less token circulation makes it high price for the token holders.

[tippytoes]

Negative house edge? Did I read it correctly? What will be the gain or profit for casinos without a house edge? Probably, you only take a commission from winnings like few online casinos, only winners are charged for taking a more percentage from a winning pot. A further explanation will give an idea of what kind of house edge mechanics we discuss here.

If you will check why they are offering neg HE, is because they are selling their game tokens also. So to sell their tokens, they created a casino with negative HE to attract players. But they need to buy their tokens in order to play on their website. Not bad though. How they sell their tokens via using a negative HE casino.

[phreess]

Negative house edge? Did I read it correctly? What will be the gain or profit for casinos without a house edge? Probably, you only take a commission from winnings like few online casinos, only winners are charged for taking a more percentage from a winning pot. A further explanation will give an idea of what kind of house edge mechanics we discuss here.

If you will check why they are offering neg HE, is because they are selling their game tokens also. So to sell their tokens, they created a casino with negative HE to attract players. But they need to buy their tokens in order to play on their website. Not bad though. How they sell their tokens via using a negative HE casino.

Yes! AND the best part is that users can win more tokens playing on the site!

[Darker45]

I beg your pardon if I'll sound a little bit harsh. I'll just be giving my honest opinion.

If the casino with a negative house edge is offering gambling games in BTC, ETH, LTC, DOGE, and other usual top cryptocurrencies accepted in casinos, this design is definitely not possible at all. Gamblers would certainly take advantage of it and it will just be a matter of time before the casino will raise the white flag and close or change course. Everybody knows that whoever has the edge will come out the winner in the long run.

I guess your confident in designing a negative house edge casino comes from the fact that your token is worth nothing at all. Even if the casino is losing-- which is what is going to happen by design-- you can generously give huge amounts of Phreess away with pleasure. This is the reason why your casino might sound nice to some. But then with how gamblers could easily gain Phreess I doubt it will gain much value in the future.

A negative house edge could be applied to limited bets on a few games but certainly not in the entire casino itself.

[phreess]

I beg your pardon if I'll sound a little bit harsh. I'll just be giving my honest opinion.

If the casino with a negative house edge is offering gambling games in BTC, ETH, LTC, DOGE, and other usual top cryptocurrencies accepted in casinos, this design is definitely not possible at all. Gamblers would certainly take advantage of it and it will just be a matter of time before the casino will raise the white flag and close or change course. Everybody knows that whoever has the edge will come out the winner in the long run.

I guess your confident in designing a negative house edge casino comes from the fact that your token is worth nothing at all. Even if the casino is losing-- which is what is going to happen by design-- you can generously give huge amounts of Phreess away with pleasure. This is the reason why your casino might sound nice to some. But then with how gamblers could easily gain Phreess I doubt it will gain much value in the future.

A negative house edge could be applied to limited bets on a few games but certainly not in the entire casino itself.

At this time, that may be the case, but once the Phreess Exchange is up and running, the token will gain it's value, plus it is impossible to mint more tokens. So people will be able to gain more Phreess tokens or other cool gifts to be announced.

Right now the focus is adoption and wildspread exposure.