Negative House Edge Crypto Casino

[Darker45]

~snip~

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.

Wait, tell me, what is the necessary connection between running an exchange and the rising value of a token? There doesn't seem any. Also, a limited supply does not automatically give value to a token. And it is quite surprising hearing about the Phreess Exchange all of a sudden while discussing about a negative house edge crypto casino. So the Phreess tokens are used both for gambling and as a form of a security token?

Right now the focus is adoption and wildspread exposure.

It is. And I guess efforts should be focused on it as it is more or less the everything of your project, provided the design itself is great.

[maxreish]

Are you really sure about your plan? Creating your own casino for the players to earn your own token with negative house edge? Giving away free tokens, you just simply create a game wherein we can play and earn. Probably a fun app (not a casino) that will earn  your token if we win. It's complicated if you'll create a gambling online casino with negative house edge. I must say, if you wanna give it free, don't make it too hard for the target users because gambling is fun but is luck based, too.
 
 

Unless you wanted to give away free crypto to users, in the long run the house would be losing crypto coins.

 Im thinking about these, too. We have to beat the house  of course and if house just give out your coins, of course we can possibly use other coins to play in your casino. Is it worth it if we lose in exchange of your tokens?

[Reid]

Wait.
So if I am an investor then I would be in a delicate position here?
You are giving away free tokens because of the negative house edge.
The value may come up with "widespread adoption" as you say it. But, it will also drop when all those freebies will be sold instantly.
What will be my advantage as an investor? Or, should I just be one of those who will play the game to make more?

Are you not worrying that it may scare buyers?

[Beparanf]

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.

If you mean negative house edge in a way that you give token on every bet and net deducting any fee on each round then is same with the casino on EOS dapps. The way they mine there token is through betting on there casino. They don't have house edge and the only way they are making profit is when player lose or when there token gain value through speculation of there casino performance. This is a cool idea but the only problem was the competition on this business. House edge is not an issue anymore these days for players. Players always choose the casino that offers cool games, events and giveaways so better consider that too on your upcoming casino.

[Lorence.xD]

The offer is too good to be true for a negative house edge to maintain a profit. How do you plan to create a profit when the games at your casino are in favor of the players. That is opposite what a businessman should do, thinking about favoring the interest of their customers. The business model that you are proposing will be unsavory to your investors, and in my opinion, it will not work unless you do some questionable underhanded tactics. If you say that you will put negative house edge and then putting it back to a positive house edge, then as a gambler, I would just wait it out. If that exploit is done by a lot of the players, it will break the business within months.

[Mauser]

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.

Having a casino as part of your marketing campaign to promote your own coin seems fine to me. So your losses from the casino are basically just costs to run an Ad for your coins.

I am just curious, where are the funds coming from to run that casino? And what kind of negative house edge are you running?

I will give your casinos a try this weekend.

[adzino]

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.

First of all, negative house edge crypto casino makes no sense at all. I mean what's the use of it? Why not give away those Phress token for free instead of making people gamble and win those tokens in the long run?
Never heard of phreess token though. Everything over here sounds wrong. You will make people buy phreess token and bet in the casino with the hope of winning more? This sounds all suspicious to be honest. Giving away tokens for "free" in the long run is going to have a adverse affect on the price. Maybe explain what you are up a bit clearly?

[Twinkledoe]

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.

Having a casino as part of your marketing campaign to promote your own coin seems fine to me. So your losses from the casino are basically just costs to run an Ad for your coins.

I am just curious, where are the funds coming from to run that casino? And what kind of negative house edge are you running?

I will give your casinos a try this weekend.

You need to buy their phrees token before you can play on their platform. Right now, their price is 1 Phrees = 300 satoshis. So they are selling their tokens via their casino. That's where their funds will be coming from. We will see if they can attract players here that will buy their tokens.

[Karartma1]

I had a look at the site phreess.com and when I read the following

With Phreess blockchain technology, we guarantee prices not to go down, but only up. Once a certain price is reached, everyone will be able to buy and sell at that price until the price increases again.

I could only close the page and start laughing.

[kryptqnick]

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.

I haven't heard of it, and I don't see how this can work for a casino, but it's good that you're trying out something new. However, I think it would be better to have zero house edge on the bets, but a withdrawal fee that compensates for that. Plus a faucet or a welcome bonus. And honestly, I don't think anything can work to attract people to a new token that's not even on any exchanges yet. The era of altcoins is over, and there are always tokens that never even make it to exchanges. So depositing any money to the website is very risky because then you'll withdraw something potentially useless from it.

[XCANA]

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.

That's the point mate, anyone thinking about this should rethink becasue the sole purpose of setting up a gambling online casinos is for gain and not for free from OP. Getting into this shit is like getting into fraudulent hole IMO, though, this can be a new thread in the industry which we might see interesting in the future time, so, let take watch-out.

[imstillthebest]

negative 1 house edge ? but why not put zero house edge . i dont know if whats the difference between the two but i believe that still gives a better chance of winning compare to positive 1 house edge .

its a smart way and a new way to promote a token and you do it this way instead of doing an airdrop or a bounty . this is fun to do compare to working on both said activities but you only gotta make sure that the token will be listed so that people that are serious on earning this coin wont be dissapointed .

dont use the name gambling if you have other hidden plans .

[sunsilk]

One thing came to my mind fastly when you've said about negative house edge and that is the sustainability of your casino. But as you've said that you'll have your token, then that's the key and answer to that thought.

But to tell you, there were casino projects before that completely rely on their tokens but it didn't do them well at the end. Having that start of making a casino and make use of your token and with the exchange with it, you'll have to do a lot of things to make it known by most people inside and outside the forum.

[Debonaire217]

Your goal OP is to make your own crypto good and widely known. In return, you will make you casino with negative House Edge, it means that players will most likely be winning and earning your own crypto. In short, you are going to give away free tokens to users. My first question, if everybody will get these tokens without buying the huge portion of it, how come they can sell it with value? Or maybe my prediction could happen, you will just give useless tokens to winners. Both the house and casino will lose in here.

[Sebas.tian]

Your goal OP is to make your own crypto good and widely known. In return, you will make you casino with negative House Edge, it means that players will most likely be winning and earning your own crypto. In short, you are going to give away free tokens to users. My first question, if everybody will get these tokens without buying the huge portion of it, how come they can sell it with value? Or maybe my prediction could happen, you will just give useless tokens to winners. Both the house and casino will lose in here.

smart thinking, we have seen such scenarios with some gamers in this industry. OP thought this will be easily come-bye, but this won't; due to what projects did against investors (gamblers). With this, gamblers won't be interested on this initiative IMO, but there is no harm in getting to tryout new stuffs. Many hunters who have promoted such initiative before now were left with tokens without life, non-exchnageable tokens to fiats and project ended.

[ralle14]

negative 1 house edge ? but why not put zero house edge . i dont know if whats the difference between the two but i believe that still gives a better chance of winning compare to positive 1 house edge .

With a negative house edge your guaranteed to make a profit once you make more bets but with a zero house edge there's no actual distribution of tokens since the chances for both side is the same. It does give you a better chance of winning but OP's plan is to spread the token with little to no cost kind of similar to a faucet instead of just providing a better chance of winning.

[phreess]

Your goal OP is to make your own crypto good and widely known. In return, you will make you casino with negative House Edge, it means that players will most likely be winning and earning your own crypto. In short, you are going to give away free tokens to users. My first question, if everybody will get these tokens without buying the huge portion of it, how come they can sell it with value? Or maybe my prediction could happen, you will just give useless tokens to winners. Both the house and casino will lose in here.

smart thinking, we have seen such scenarios with some gamers in this industry. OP thought this will be easily come-bye, but this won't; due to what projects did against investors (gamblers). With this, gamblers won't be interested on this initiative IMO, but there is no harm in getting to tryout new stuffs. Many hunters who have promoted such initiative before now were left with tokens without life, non-exchnageable tokens to fiats and project ended.

I totally understand that train of thought, though, you can't always be thinking everyone will scam you.

We didn't just buy a cheap script and uploaded to server, we are heavily working on our new launches and how people can ENJOY  using Phreess

As always, patience is key

[phreess]

You can only do that to new casino sites that's looking for customers to play in their gambling platform, that's why they have big giveaways and bonuses including free rolls. But in popular casino's, its impossible because the difficulty is been set through programmatically unable to make make profits, in other words you lose, more than you gain.
Unless you have found an exploit to the game or good strategy.

It can be done by startups and see for themselves the improvement. It's a good strategy to gain players but they should gradually changed it into a way they will make profit too to keep the casino, if it will continue to have a free plays and if those free plays rewards or winning were Withdrawable it will be hard for them in the long run to keep their players once they change their rules so better set only specified time and limits in withdrawal to not overused their casino by some players who are not willing to deposit any amount.

Correct, but the main goal is to spread the use of Phreess, and what a better way to reward our users with a fun way to earn tokens than a Negative HE Casino

[dunfida]

I had a look at the site phreess.com and when I read the following

With Phreess blockchain technology, we guarantee prices not to go down, but only up. Once a certain price is reached, everyone will be able to buy and sell at that price until the price increases again.

I could only close the page and start laughing.

I havent spot it out and thank you for elaborating it buddy and same as yours on when the time i do able to read up some guarantees of likes "price will increase and wont drop" kind of lines
then that will already automatically give out some negative impressions. Giving out some guarantees that investors wont lose money if they decide to buy the token is just only
good or can only happen in dreams but in real life? Meh. .Those are just empty words yet price increase or value will always vary on the demand on said tokens.
I agree with some words that this is something new in way of selling out projects token but giving out guarantees? that really leave out some not good impressions.

[wxa7115]

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.

I think almost no one knows anything about this phreess token but I think it is a decent idea, while it is way more simple to just airdrop those coins it seems to me this is an interesting promotional approach to try to make their token more well known, while some a are complaining that no one is going to bother about playing in that casino because the tokens hold no value, think about all the people that play video games and do so for no monetary gain.

Now I do not know if the coin is any good or not but I think this is a novel idea that could in fact caught on because as we know there is a very strong community of gamblers and they will appreciate the idea of gambling a little bit on a casino with a player advantage and receive some free coins in the process.