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Author Topic: Gamblers! What is your excuse to avoid a game with 0% House Edge?  (Read 1610 times)
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November 30, 2020, 12:09:50 PM
 #1

After running 4 years on Bitcoin blockchain, Chain-Bet.com has been re-written to run on Litecoin blockchain. It is a game that asks a simple question: What would be last digit of the block hash that includes your transaction? Players guess last digit of the block hash and bet on that. If the guess is correct, player gets back 16 times of the bet amount. As a promotional offer after our re-launch, the game is now operating at 0% House Edge.

But, since our relaunch on September 01, 2020, we have not seen similar enthusiasm like we experienced 4 years back. This is somewhat disappointing. A provably fair game with 4 years reputation offering 0% House Edge is rare in gambling industry. Instead of burning money for advertisement, we are giving it back to our gamblers through 0% House Edge. So, what is stopping you from wagering on this game like before?

Constructive criticism is welcome. Smiley

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November 30, 2020, 01:52:04 PM
 #2

There are other gambling game which has 0 house edge such as Blackjack. It is a good idea that may encourage other gamblers to play because it would somewhat give them an idea that the chances of winning is higher, but reality is not since it will still depend on one's luck if I'm not mistaken.

What would be an excuse to not engage into such game wherein there's 0% House edge? Well, I think it is the kind of game being offered. No matter what game it is, if the players are not into such kind of game, things would be the same. In my case I would still choose other gambling games such as roulette with house edge than this, not to be in contrast of the idea, but simply because that's my preference. There are just players who are more into enjoyment than huge winnings.

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November 30, 2020, 02:01:21 PM
 #3

Your UX/UI maybe. Grin
I am not saying it is ugly but a site with a platform like yours may not be very appealing today. For some even the 0% HE it is not enough, and, sorry to say but advertising is something not to be neglected.
About the game I personally find it nice, the concept it is easy and I like the way it can be easily verified.
Consider investing some of your profit on a nicer UI. Cool
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November 30, 2020, 02:16:02 PM
 #4

You are offering something which may be considered a better deal in gambling. But I think you ended up with a lower enthusiasm response probably because you are not promoting it well. I guess it would have gained a bigger following had it been reaching a lot of gambling fans.

I admit I have not played on your platform before. But by the sound of it, I kind of like it and wanna try wagering on it with just the minimum amount as a start. This limited 0% house edge offer does not happen all the time.
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November 30, 2020, 06:35:12 PM
 #5

Hello
That's really good that your site is providing people with 0% house edge but at the same time I do believe people already made their point.
- you need good promotion
- good reviews , maybe something like a youtube video review by selected players well recognized here on the form.
- you can even pick up any manager and then ask them to endorse the site??
- at the same time you need to update the site 🔥 best of luck with the project.
It's all about the competition!!!
Many sites offer 0% on selected games too... You have to get involved with people here on the forum more.


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November 30, 2020, 07:50:41 PM
 #6

After running 4 years on Bitcoin blockchain, Chain-Bet.com has been re-written to run on Litecoin blockchain. It is a game that asks a simple question: What would be last digit of the block hash that includes your transaction? Players guess last digit of the block hash and bet on that. If the guess is correct, player gets back 16 times of the bet amount. As a promotional offer after our re-launch, the game is now operating at 0% House Edge.

But, since our relaunch on September 01, 2020, we have not seen similar enthusiasm like we experienced 4 years back. This is somewhat disappointing. A provably fair game with 4 years reputation offering 0% House Edge is rare in gambling industry. Instead of burning money for advertisement, we are giving it back to our gamblers through 0% House Edge. So, what is stopping you from wagering on this game like before?

Constructive criticism is welcome. Smiley
While the offer you are making is good you need to understand that things are never so simple, just because you are offering a better deal than other casinos that does not mean that gamblers are going to come to your casino and gamble all what they have, many times the superior product ends up losing against an inferior product simply because the other product had a better marketing campaign or was able to establish their brand and became recognized, also when it comes to gambling many gamblers once they find a casino they like they do not want to spend the time to find another one even if this new casino is better than the one they are currently playing in.
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November 30, 2020, 08:26:58 PM
 #7

Well for one. I have good experience in this, advertisements draws in more people, good products make them stay. But in an industry like gambling where you don't really expect patrons, I can see what you're pointing at. That being said, advertisement is still a good way to gather people into your product. If you can allocate something for a let's say, signature campaign which is a surefire way of earning new people, you can invite more gamblers into your site.

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November 30, 2020, 08:33:19 PM
 #8

Constructive criticism is welcome. Smiley

In short, there are no people is already interested into these kind of blockchain games.Yeah, they might able to get some attention wayback but honestly
speaking this isnt something that do really interest me even it does have some good payout or multiplier but waiting for a tx or a certain block hash doesnt
really poke out my interested or im not really enjoying.Even if you do offer 0% house edge and nothing new with this one then its already expected that
the results would be just the same.Dont get disappointed because not all of your plans will really work out or it will result on what you do expect for.

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November 30, 2020, 08:42:56 PM
Last edit: November 30, 2020, 08:57:47 PM by magneto
 #9

After running 4 years on Bitcoin blockchain, Chain-Bet.com has been re-written to run on Litecoin blockchain. It is a game that asks a simple question: What would be last digit of the block hash that includes your transaction? Players guess last digit of the block hash and bet on that. If the guess is correct, player gets back 16 times of the bet amount. As a promotional offer after our re-launch, the game is now operating at 0% House Edge.

But, since our relaunch on September 01, 2020, we have not seen similar enthusiasm like we experienced 4 years back. This is somewhat disappointing. A provably fair game with 4 years reputation offering 0% House Edge is rare in gambling industry. Instead of burning money for advertisement, we are giving it back to our gamblers through 0% House Edge. So, what is stopping you from wagering on this game like before?

Constructive criticism is welcome. Smiley

I've actually followed you guys for a few years now on and off. It's a shame that people aren't using your services.

I'd summarise the lack of interest into the simple fact that house edge is not the only determinant of the utility/satisfaction that a gambler gains from a game. The gambler enjoys aspects of the game itself as entertainment, and social interactions gained from chat rooms etc. and essentially pays a price for this through his negative EV.

Your game with a 0% house edge is stuck in an awkward middle ground, where it does not appeal to average consumers of games of chance since it does not offer them much utility in the form of social interaction or thrill (since objectively, your game is far less polished and interesting than established table games or dice/crash etc.); but it also does not appeal to APs the same way that full pay DW video poker/BJ does since in the long run their EV is zero and they're taking on an unnecessary risk of ruin.

I don't necessarily think that it's an advertising problem. I've seen your ads running for years and have been aware of your operations, but just have never been compelled to play it due to the reasons I listed.

EDIT: I also noticed that your bankroll is a measly 10 LTC and is crowdfunded - why would anyone want to invest in an operation with neutral EV from their perspective as the house?
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November 30, 2020, 09:59:18 PM
 #10

0% house edge doesn't always mean that the site would become better.Yes, maybe but all varies on the game that had been offered.

Zero house edge isn't something usual that you can see because we know that this is where house do get their revenue into their gambling games that been offering

but all would be still useless if the masses will find out something not interesting on the games offered.

R


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November 30, 2020, 10:12:29 PM
 #11

Well, your site is interesting, but I agree with what another user said, UX / UI is a little bit different, not that it is bad.
It would also be interesting for you to spread more, etc.
Good luck with your project

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November 30, 2020, 10:16:13 PM
 #12

Just with the term 0% house edge it doesn't mean each and every game will have the same. Another thing I find is the game, why don't you think of something new or the games much played. Four years back your game sounds interesting, now people are in the fast phase and enjoy more other games available on different well reputed gambling casinos. It is time for you to rethink and launch new games to make people wager more.

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November 30, 2020, 10:26:27 PM
 #13

First of all you should know that you can't exist with 0% house edge and if I were you, I would be glad that there are few or near to zero customers on website to not go bankrupt. Do you know what people want? Entertainment. Your website doesn't look attractive, it looks like the least thing where the player may want to play. You need team of developers, team of marketers, team of designers, etc. Just setting 0% house edge means nothing, some people even don't know what is the house edge, so... Your website and idea looks like when child wants to create casino from his/her knowledge and the ideas in the dream.
And, none casino can exist on 0% house edge. People have 1% and higher house edge and still cheat and imagine 0% house Cheesy

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November 30, 2020, 10:58:08 PM
 #14

The competition is too hight now, there are many gambling casinos that do provide better services in terms of support as well fast withdrawal that can be 0% House Edge too or somehow many players still able to earn or take profit from their casino. They might also have much more addictive games plus they might have a signature campaign here also in forum that attracts more players, advertising is still important now especially too many casino that are popular now will not let their guard down to continuously grow.

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November 30, 2020, 11:15:40 PM
 #15

Well, it is a 0% House Edge, who would say no to that? Right? It is just that there are a lot of online casinos out there that are lying that is why you would stick to casinos which you are used to go to or visit. Another reason is just I am in the mood to play the games that they offer since there are a lot of times that I play other games as well like Poker, Dice, and sometimes betting on cockfighting.

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November 30, 2020, 11:25:16 PM
 #16

 You need to work harder on your UI.

I don't know how you get profit but you should aim into casual gamers to maximize your profit and introducing the house edge can be what you need to get money for improving, create promotion and marketing.
Is better for you to have a deposit bonus over a 0% House Edge since you will "attack" more players but the 1st thing to do is improve your UI.

Just my 2 cents.

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November 30, 2020, 11:46:10 PM
Merited by xandry (1)
 #17

You need to work harder on your UI.

I don't know how you get profit but you should aim into casual gamers to maximize your profit and introducing the house edge can be what you need to get money for improving, create promotion and marketing.
Is better for you to have a deposit bonus over a 0% House Edge since you will "attack" more players but the 1st thing to do is improve your UI.

Just my 2 cents.

Maybe you mean "attract" more players. I agree with that UI complaint on the site which is totally a simple and plain which isnt bad but totally i cant really think off on how on making a
fantastic one since this one do offer blockchain type of game which not all is really that much of interested.Removing house edge does mean that they wont really be making out profit
which its totally questionable on how long they would be offering this no house edge event because speaking for long term it isnt really sustainable.Basing off with 16 characters and
calculating the odds then you do only have 6.25% chance on hitting the right one.Its just right for that 16x of the payout.

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December 01, 2020, 12:52:50 AM
 #18

Well, it is a 0% House Edge, who would say no to that? Right? It is just that there are a lot of online casinos out there that are lying that is why you would stick to casinos which you are used to go to or visit. Another reason is just I am in the mood to play the games that they offer since there are a lot of times that I play other games as well like Poker, Dice, and sometimes betting on cockfighting.
Exactly, my first thoughts when I saw this. It is the epitome of too good to be true. I know that the developers behind does not have ill-intent but make it so known to people and let them do the advertising because if you were the creators to say that your system is safe then eyebrows will be raised. In my opinion, you should get yourself some house edge to fund your advertisement campaign because let the people know about you, there is a reason why Coca-Cola is still advertising till this day you know, they want to stay on air and stay relevant, you should know that.

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December 01, 2020, 01:38:04 AM
 #19

It's quite a boring site, and additionally, I don't find such games quite entertaining tbh. I don't look at the game based on its house edge, after all, I gamble to entertain myself, not to make myself rich. Add that to the platform UI, which is simple, yes, but it's too simplistic, to the point that there's close to nothing in it. The first thing to do? Make a black theme, my personal preference tbh, but from what I can see, most people enjoy darker themes.

Well, it is quite apparent that their team is quite active and supportive of opinions, appreciate that, however, you guys aren't the only ones that are doing so. Got to step up the game if you guys actually want to compete with other casinos. I myself don't really enjoy such games, but heck, who knows about others right?

R


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December 01, 2020, 02:47:31 AM
 #20

I have to agree that the site design isn't the most attractive. It looks very outdated. There might not be a house edge but the odds of guessing the right outcome is 1 out of 16. Those are not great odds. The max bet amount is only 0.01 LTC so you're not really going to attract any high rollers. Some people might find this game fun but it is not the immersive experience you get when playing traditional casino games.

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