Gamblers! What is your excuse to avoid a game with 0% House Edge?

[Joel_Jantsen]

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.

That's very nice but if you look at the profit margins you'd have, I doubt you even need a house edge in the first place. Unlike other typical gambling sites, you offer x16 profits for all the bets I reckon. Logically, in every bet placed, you as the house have more chances of winning, or let's say you will win on every bet, unlike the gamblers who would win only some rounds or maybe just a couple of them. Anyway, I don't think reducing your house edge should matter or change your numbers in terms of the customers.

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[24Kt]

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.

That's very nice but if you look at the profit margins you'd have, I doubt you even need a house edge in the first place. Unlike other typical gambling sites, you offer x16 profits for all the bets I reckon. Logically, in every bet placed, you as the house have more chances of winning, or let's say you will win on every bet, unlike the gamblers who would win only some rounds or maybe just a couple of them. Anyway, I don't think reducing your house edge should matter or change your numbers in terms of the customers.

This is what I am thinking here. The gambler has low odds on winning. So yes, even if there's no house edge, the site is still in the winning side. So ask themselves why people are not attracted on their site and they already know the answer. 

[Janation]

What are the chances of a gambler predicting that hash number?

6.25% = 1 choice out of 16 characters as explained by milewilda.

The 0% house edge can be considered as a "bait" to lure in players but the casino will still win in the end since the game difficulty is much higher compared to other casinos with house edge. While it looks legit, other players may still view this as deceitful.

More reason a lot of people are actually not playing here.

It may be much higher than the Lottery but still, not that easy. Another thing is that despite people betting on marble, yes marbles, I think they won't be that inclined to ber on this since it is about the Blockchain. For them it is boring and I agree that it has a few customers. Maybe other games with the same house edge?

[iamsheikhadil]

I think you should advertise it more. I agree that a game with 0% house edge is rare, actually no casinos provide 0% house edge because in the long run there is 50-50 chance that the site can go totally bankrupt. So I would definitely say that you should expect more players but I think advertisement is what you need most.

[jademaxsuy]

Yes you are right but at least you try to do some advertisement in it rather than making a single thread post that can't get to other users here in the forum. Anyway, it is your choice and this is only a sort of advise that if you wanted a heavy traffic in your platform then spendinh for advertisement aside from 0% house edge will do. There is no need to ask for an excuse here regarding on your offer. Anyway, good luck on your promotion of 0% house edge.

[XZERO1]

If the house edge is 0% then I would wonder how your online casino earn anything, because you're not surely paying your expenses out of your own pocket, if I learned one thing in gambling that would be the fact that if the house edge is 0% then that means the online casino will be getting it's fee/income from other parts of its website, for example they can increase withdrawal fees and that way they can earn a percentage out of every transaction that is being sent out, it's better to be transparent about these kind of matters and if you claim your house edge is really 0% then you have to at least mention where is your website income is coming from.

[mindrust]

If the house edge is 0% then I would wonder how your online casino earn anything, because you're not surely paying your expenses out of your own pocket, if I learned one thing in gambling that would be the fact that if the house edge is 0% then that means the online casino will be getting it's fee/income from other parts of its website, for example they can increase withdrawal fees and that way they can earn a percentage out of every transaction that is being sent out, it's better to be transparent about these kind of matters and if you claim your house edge is really 0% then you have to at least mention where is your website income is coming from.

Exactly. There is no free meal. If you are not paying for the product, then you are the product.

Alright sometimes people do stuff for free but it is very rare.

One can create a 0% HE casino no problems but who's going to pay for the costs? Somebody has to.

It is a scam alert most of the time.

[Quidat]

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.

That's very nice but if you look at the profit margins you'd have, I doubt you even need a house edge in the first place. Unlike other typical gambling sites, you offer x16 profits for all the bets I reckon. Logically, in every bet placed, you as the house have more chances of winning, or let's say you will win on every bet, unlike the gamblers who would win only some rounds or maybe just a couple of them. Anyway, I don't think reducing your house edge should matter or change your numbers in terms of the customers.

I think it is just right because basing off on the odds then when someone do hits up then that would really be a 16x payout into his bet and consider
if the amount is way more higher than into those typical losing bets that had been accumulated then that will surely be a negative on the house
because they would need to compensate into those lacking funds.If bets are on constant basis then they might not really be needing at all
because they will surely still make revenue or profit considering the odds of winning is low but if 16x hit from players do always happen
then i doubt that they can really sustain for longer run.

[crzy]

This is the choice of the gambling site if this kind of advertisement is effective for them then why not to try it again but since they stopped it, maybe it didn’t work well and lose big money instead. If its 0% house edge then its not gambling anymore, it more likes a free money for the gambler and this is not how business works.

[AliMan]

This is the choice of the gambling site if this kind of advertisement is effective for them then why not to try it again but since they stopped it, maybe it didn’t work well and lose big money instead. If its 0% house edge then its not gambling anymore, it more likes a free money for the gambler and this is not how business works.

That's part of the promotion so the gambling site also risked their promotion to gather more potential customers to register with them. Gambling could be in different strategies from the owner, maybe we're looking it in different ways as it's not gambling on our personal mindset. Losing bigger money is always part of the process before hitting successful outcome.

[codegnome]

In principle, the casino always has the advantage. I don't think there are situations where you have a 0% advantage as a casino. They always have an advantage. That is between the 2 and 5% standard.
And that is still with an optimal strategy of the player. So you could never come out profitable in the long run. If you win a lot, that basically means that somebody else loses a lot (if you trust the statistics)

[Inkdatar]

I think you should advertise it more. I agree that a game with 0% house edge is rare, actually no casinos provide 0% house edge because in the long run there is 50-50 chance that the site can go totally bankrupt. So I would definitely say that you should expect more players but I think advertisement is what you need most.

This is what they need to advertise to make their casino more engagement to their platform. A lot of gambling site these days that offer the best services and that can be 0% house edge. Players looks for more games to played with and also in terms of deposit and withdrawal are fast. Also, I visit their site it is not attractive so hopefully they will improve it as this is also one of the important factors to attract more users.

[ralle14]

The main reason for me to avoid this game is the fixed multiplier 1/16 chance in winning isn't for everyone and the 0% house edge seems like a bonus knowing that you have a low chance of winning. If there's an option to adjust the chances of winning or the multiplier to x2 I think more gamblers would be interested in trying the game even if it's only for the experience.

[chaser15]

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?

It just shows that hard and serious advertisement is a must even how good your gambling site is.

No way a gambler will just easily be attracted to that 0% house edge on the site that isn't advertised well and doesn't establish a good reputation yet

And what I noticed, don't get me wrong here, the site is not the typical site that every gambler might try since the interface is simple.

[Eureka_07]

<snip>
So, what is stopping you from wagering on this game like before?
<snip>

For me, most probably the 6.25% chance of winning which is very low since I believe you only allow single bet for every transaction (correct me if I'm wrong). In the perspective of a user, the chance of losing is pretty high, on the other hand, looking at your perspective losing is almost assured. It's just the matter of how high or low the winning bet is to consider if you've lost or won. High risk... but I'm thinking of joining somehow.

[acroman08]

-snip
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.

maybe it is the game that you have.  I for one wouldn't play on your website since there is nothing engaging in it and pique my interest even it has 0% house edge. and to be honest, when a gambler gamble(at least me) they don't just play mindlessly they want action, movement or something like that to keep their mind and interest occupied on what they play or at least on what is on the website.

[Reatim]

In principle, the casino always has the advantage. I don't think there are situations where you have a 0% advantage as a casino. They always have an advantage. That is between the 2 and 5% standard.
And that is still with an optimal strategy of the player. So you could never come out profitable in the long run. If you win a lot, that basically means that somebody else loses a lot (if you trust the statistics)

And that is Basically mean He was just Very lucky to At least Beat the casino,But of course we only beat in game but not in Money since the Money we take home are from those loser that same time you play.
So thats Right 0%  House edge seems to be not in efect.

The main reason for me to avoid this game is the fixed multiplier 1/16 chance in winning isn't for everyone and the 0% house edge seems like a bonus knowing that you have a low chance of winning. If there's an option to adjust the chances of winning or the multiplier to x2 I think more gamblers would be interested in trying the game even if it's only for the experience.

1/16 is enough i guess to think that the gambling site is too generous lol.

Because in other game the chance is almost more than a thousand % chances .

It just shows that hard and serious advertisement is a must even how good your gambling site is.

No way a gambler will just easily be attracted to that 0% house edge on the site that isn't advertised well and doesn't establish a good reputation yet

And what I noticed, don't get me wrong here, the site is not the typical site that every gambler might try since the interface is simple.

because they Knew that a Hustler and Old time player will never believe in that 0% house edge,that would sounds a joke lol.

[serjent05]

So, what is stopping you from wagering on this game like before?

Constructive criticism is welcome.

It is simple, possible player don't find it fun anymore.  We all know fun diminishes over time.  Players that were so fond of the betting game on the last hash may probably find it today as a boring game.  Even though 0% house edge is really great, players wanted to experience something else, just like dishes during mealtime.

[avikz]

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.

There can be two reasons only -
1. The game is not exciting enough to catch people's attention.  Gamblers who wants to relax and enjoy some leisure time, would not play this game. Inly who focuses on making money, may try this out. But people really do like attractive visual inputs while playing in online casinos.

2. Reputation is another factor which gamblers monitor very closely. Your company is apparently not a registered casino (at least I couldn't find anything). So at this point, when a casino offers 0% house edge, gamblers would think that the casino will only make money out of people's pocket. Even though this factor doesn't have much impact, but still a factor to consider.

[michellee]

So, what is stopping you from wagering on this game like before?

Constructive criticism is welcome.

It is simple, possible player don't find it fun anymore.  We all know fun diminishes over time.  Players that were so fond of the betting game on the last hash may probably find it today as a boring game.  Even though 0% house edge is really great, players wanted to experience something else, just like dishes during mealtime.

Or maybe they already get the fun thing they search from the gambling site they played before. They don't want to try with the other gambling site or test their luck in the new gambling site. Even if they see that many gambling sites offer so many bonuses to the new member or old members, they still use the current gambling site. There are many possibilities for the gamblers to try to stay at the existing site or playing in the other gambling site.

What the gambling site can do is trying to promote and invite other people to come to their site and play the games. Let people decide to play gambling on that site still or not because we can not force them to try if they don't want to test it.