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Author Topic: Gamblers! What is your excuse to avoid a game with 0% House Edge?  (Read 1614 times)
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December 04, 2020, 10:49:30 AM
 #81



As you said you don't have any advertisements use for your gambling website , do you really think gamers will just check your casino randomly if they don't know what you are offering 0% is nothing if there is no players that  will play.
At least use some money or little amount of money for advertisement so other possible players can see it . You can adjust your house edge just to have marketing promotion.
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December 04, 2020, 05:33:01 PM
 #82

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.
You have 1/16 or 6.25% chance in winning, if you bet on only one digit to avail 16x multiplier. If you bet on 8 digit out of 16 in a single block, then you have 1/2 or 50% chance in winning, where you are availing 2x multiplier. House edge always remains 0%.

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December 04, 2020, 08:52:17 PM
Last edit: December 04, 2020, 09:48:55 PM by Saint-loup
 #83

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.
You have 1/16 or 6.25% chance in winning, if you bet on only one digit to avail 16x multiplier. If you bet on 8 digit out of 16 in a single block, then you have 1/2 or 50% chance in winning, where you are availing 2x multiplier. House edge always remains 0%.
But are you sure users can easily place bets on 8 digits at once with one single computer? You should post some pictures to be more compelling IMHO.

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December 04, 2020, 09:27:11 PM
 #84

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.
You have 1/16 or 6.25% chance in winning, if you bet on only one digit to avail 16x multiplier. If you bet on 8 digit out of 16 in a single block, then you have 1/2 or 50% chance in winning, where you are availing 2x multiplier. House edge always remains 0%.
But are you sure users can easily place bets on 8 digits at once with one single account? You should post some pictures to be more compelling IMHO.
That would really be a hassle thing to do on where you do place up 8 bets and making transaction every bets you do made since every bet do only post up 1 digit or character
where it means if you do long for 8 bets for 50% chance then that's already a hassle thing.

This is where people do find out this kind of game which do take some time for you to know the results compared if you do just simply
play with dice.

Even though this one doesn't have a house edge but still this type of game isn't really that interesting at all.

R


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December 04, 2020, 09:29:49 PM
 #85

like all the others opinion here it's the absence of the marketing, gamblers loves 0% house edge and may try playing on that kind of casinos but you must bring it to them, and the gambling site should be legit and had a good reputation, they don't need great features if they are not payng gamblers and they you are not fair to them.
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December 04, 2020, 09:54:13 PM
 #86

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.
You have 1/16 or 6.25% chance in winning, if you bet on only one digit to avail 16x multiplier. If you bet on 8 digit out of 16 in a single block, then you have 1/2 or 50% chance in winning, where you are availing 2x multiplier. House edge always remains 0%.
But are you sure users can easily place bets on 8 digits at once with one single account? You should post some pictures to be more compelling IMHO.
That would really be a hassle thing to do on where you do place up 8 bets and making transaction every bets you do made since every bet do only post up 1 digit or character
where it means if you do long for 8 bets for 50% chance then that's already a hassle thing.
I'm not sure you can do that this way, because it's written in their FAQ you can only send one transaction to the generated address.
Quote
3. Can I send multiple transactions to a single address?
No. Only the first transaction received by the generated address will be considered as bet and all further transactions will be considered as donation.
https://www.chain-bet.com/

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December 04, 2020, 09:58:53 PM
 #87

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.
You have 1/16 or 6.25% chance in winning, if you bet on only one digit to avail 16x multiplier. If you bet on 8 digit out of 16 in a single block, then you have 1/2 or 50% chance in winning, where you are availing 2x multiplier. House edge always remains 0%.
But are you sure users can easily place bets on 8 digits at once with one single account? You should post some pictures to be more compelling IMHO.
That would really be a hassle thing to do on where you do place up 8 bets and making transaction every bets you do made since every bet do only post up 1 digit or character
where it means if you do long for 8 bets for 50% chance then that's already a hassle thing.
I'm not sure you can do that this way, because it's written in their FAQ you can only send one transaction to the generated address.
Quote
3. Can I send multiple transactions to a single address?
No. Only the first transaction received by the generated address will be considered as bet and all further transactions will be considered as donation.
https://www.chain-bet.com/
I think this site is not good, how can it be a donation when the coin deposited is still in their wallet, I've done this in sportsbet, sending different transaction to a single address and there's no problem, all transactions are credited.

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December 04, 2020, 10:30:03 PM
 #88

Constructive criticism is welcome. Smiley

I think litecoin blockchain stopping. Joke. If to tell serious, i think the main idea is that such games do not have any entertainment. Just betting and then waiting for needed block. It's not fun and this takes some time, in dice or slots everything much faster.

This is one weird moment into your game: the expected value is neutral. I mean if you bet 1 dollar, EV is like 1 dollar too (16 * (1/16) = EV). What a reason to run such gambling? 

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December 04, 2020, 10:40:26 PM
 #89

like all the others opinion here it's the absence of the marketing, gamblers loves 0% house edge and may try playing on that kind of casinos but you must bring it to them, and the gambling site should be legit and had a good reputation, they don't need great features if they are not payng gamblers and they you are not fair to them.
The problem here is, they think its enough that their 0% House Edge that they don't do advertising, in today's world to be able to get the people attention is to have advertisement, actually even not paid advertising will do since they will be able to advertise in different social media platforms as well here in forum provided they have proofs of them being legal and have no bad records. It's easier to market products now if you have skills in photography or editing as well active chat support in the website it will works.

ADVERTISE YOUR CASINO HERE! ACTIVE GAMBLER!
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December 04, 2020, 10:44:10 PM
 #90

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.
You have 1/16 or 6.25% chance in winning, if you bet on only one digit to avail 16x multiplier. If you bet on 8 digit out of 16 in a single block, then you have 1/2 or 50% chance in winning, where you are availing 2x multiplier. House edge always remains 0%.
But are you sure users can easily place bets on 8 digits at once with one single account? You should post some pictures to be more compelling IMHO.
That would really be a hassle thing to do on where you do place up 8 bets and making transaction every bets you do made since every bet do only post up 1 digit or character
where it means if you do long for 8 bets for 50% chance then that's already a hassle thing.
I'm not sure you can do that this way, because it's written in their FAQ you can only send one transaction to the generated address.
Quote
3. Can I send multiple transactions to a single address?
No. Only the first transaction received by the generated address will be considered as bet and all further transactions will be considered as donation.
https://www.chain-bet.com/
I think this site is not good, how can it be a donation when the coin deposited is still in their wallet, I've done this in sportsbet, sending different transaction to a single address and there's no problem, all transactions are credited.
But it's not a sport bet, it's a dice game. I don't know if it's the main reason but there could be some issues if transactions are sent while the outcome is about to be announced.

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December 04, 2020, 11:30:57 PM
 #91

like all the others opinion here it's the absence of the marketing, gamblers loves 0% house edge and may try playing on that kind of casinos but you must bring it to them, and the gambling site should be legit and had a good reputation, they don't need great features if they are not payng gamblers and they you are not fair to them.
The problem here is, they think its enough that their 0% House Edge that they don't do advertising, in today's world to be able to get the people attention is to have advertisement, actually even not paid advertising will do since they will be able to advertise in different social media platforms as well here in forum provided they have proofs of them being legal and have no bad records. It's easier to market products now if you have skills in photography or editing as well active chat support in the website it will works.

aside from advertisement, do you think players will be attracted to their site? but very true, 0% HE is not the only factor how you can attract bettors. theres more than this.
 also, i dont like bout not accepting multi txs to the gen addy, you will really have low odds here. so i guess the OP already got the idea why people are not that interested with 0% he gambling platform.
its the combination of various features that attracts the player. not the HE alone.

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December 04, 2020, 11:45:01 PM
 #92

It's useless gambling sites offer a 0% house edge if not in conjunction with the promotion, How do gamblers know that gambling
sites offer a 0% house edge if not doing promotion. To make gambling sites visited by many people, a good promotion is needed,
so don't feel like you are losing out on spending a budget for promotion. Many attractive offers from gambling sites, without promotion
will be wasted.

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Fundamentals Of
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December 05, 2020, 03:49:29 AM
 #93

It's useless gambling sites offer a 0% house edge if not in conjunction with the promotion, How do gamblers know that gambling
sites offer a 0% house edge if not doing promotion. To make gambling sites visited by many people, a good promotion is needed,
so don't feel like you are losing out on spending a budget for promotion. Many attractive offers from gambling sites, without promotion
will be wasted.

That's right. OP must have missed a lot in making very important promotional efforts. It is not enough that you are offering something which even the most popular and leading gambling sites do not offer. Getting the gamblers informed about the offer is the first necessary step. It is indispensable. Without it, the offer would go to waste as gamblers won't be playing.

Marketing should be provided with a certain amount of capital to make sure your brand and special offer will be known.
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December 05, 2020, 05:29:07 AM
 #94

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

It is really rare, there's even one thread here that ask about zero house edge but unfortunately, the lack of promotion and reviews makes your gambling site unable to take off, you should also change your interface to something that is unique, I have seen interface similar to yours with a bad reputation in the market if you implement these two you have a good chance to have more users.

AicecreaME
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December 05, 2020, 05:43:58 AM
 #95

This is my opinion regarding about your question.

(1) 0% house edge is indeed a good deal when it comes to gambling, but still, losing is inevitable in every gambling sites so players tend to look for more exciting games that's worthy of their losses. (2) Gamblers are bored in that kind of game, because it's very simple yet winning is so hard. Predicting to win is fun in sports since you could watch the match while waiting but it's the opposite on your blockchain game.

So I guess you guys should start to think of something that could spice things up in your gambling sites to gain more players again betting on your games.
adzino
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December 05, 2020, 02:06:51 PM
 #96

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.
I doubt no one (at least most of the players) care about the house edge of games that are "kind of unique". You should probably provide something more attractive to your players to promote your casino. Maybe deposit bonus or something?

-snip-
 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
How would people know about your 0% House edge if you don't "burn" your money to advertise it? Proper promotion matters a lot. Try advertising about your casino on different appropriate platform. Get a proper userbase and then do those house edge promotions.

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December 05, 2020, 02:16:29 PM
 #97



As you said you don't have any advertisements use for your gambling website , do you really think gamers will just check your casino randomly if they don't know what you are offering 0% is nothing if there is no players that  will play.
At least use some money or little amount of money for advertisement so other possible players can see it . You can adjust your house edge just to have marketing promotion.

I never encountered any gambling casino which offer o% house edge. Those who offer zero percent house edge are wrong and they claim it falsely. That's my excuse of avoiding such games to avoid being scammed.

However i will check the OP site to see if they are really offering 0% house edge  Huh

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December 05, 2020, 02:21:04 PM
 #98

0% house edge is either a scam or a promotion. You can't provide 0% house edge all the time. Even if you managed to be totally 50% win and loss, you'd still need money to host your site. And if it's successful enough, it would be a costly project to run.
And gamblers would want to indulge in something that is working and would probably work for foreseeable future. 1% house edge is perfect if you be able to cater to user experience.
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December 05, 2020, 08:46:53 PM
 #99

0% house edge is either a scam or a promotion. You can't provide 0% house edge all the time. Even if you managed to be totally 50% win and loss, you'd still need money to host your site. And if it's successful enough, it would be a costly project to run.
And gamblers would want to indulge in something that is working and would probably work for foreseeable future. 1% house edge is perfect if you be able to cater to user experience.


They are offering 0% house edge because your winning odds is very low. So in effect, they are already winning even if they offer 0% house edge. Also, if you look at their site, I don't think many gamblers will be interested on playing the game. Even if their 0% HE is legit I don't think players will be attracted to this game. Maybe add another game at least dice, and let's see if they will still offer the 0% HE.
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December 05, 2020, 08:59:32 PM
 #100

~

Betting on blockchain hash is a relatively lengthy process with  a time-out waiting for the result during which the excitement of betting decays. The awareness of  0% House Edge doesn't cover the loss of  emotional state I get when gambling on fruit-machines in online casinos.

You can really make out some comparison between a slot game and a blockchain based type of game when it comes to excitement.The waiting time on getting the actual
result of your bet is obviously longer compared if you do just simply play a dice or a slot and to know that gamblers doesnt really like too much delay or long time waiting
into their game outcome or results which will really be making that kind of boring situation or feeling and that what makes them avoid this one and also with
the design of the site then its nothing that you would really be tempting out to play with it.Its just too simple and plain and chain games or blockchain
arent really that interesting or appealing even if they do put up 0% house edge it wont really be enough on making people do get interested with it.
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