House Edge

[ricasw]

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

[1714495637]

1714495637

[1714495637]

1714495637

[1714495637]

1714495637

[1714495637]

1714495637

[Odusko]

I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

[Dunamisx]

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The difference is what had already been given to you from the first user who replied to this post above, it applies base on each individual platform and they make decision on what percentage they offer on that.

Each gambling platform have their own target and the set rate on house edge, the problem many of us have is that we don't take notice of them before gambling any game on their platform.

[Saint-loup]

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

If you have to draw a number above 50.99, between 0 and 100. The house edge is 2% indeed. Because you have 100 - 51 = 49% chances to win your bet and to double your stake, that is to say to win one time what you've bet, while you have 51% chances to lose your stake. 49% x 1 - 51% x 1= 49% - 51% = -2% It's the same formula as the Expected Value.

[decodx]

The house edges at Stake and BCH.games are different because of how their games work, specifically the payout multipliers when you win.  Let me explain with dice as an example.  

Stake's dice game lets you double your money if you roll over 50.50.  That leaves a narrower range of losing rolls, so your odds of winning are 49.50%.  

BCH. games makes it tougher - you might have to roll over 50.99 to double your money.  Lower odds for you means a higher house edge.

It's subtle, but those little tweaks in the game mechanics shift the math in favor of the casino more at BCH.games.  So over time, across lots of bets, it works out to a 1% house edge for Stake and 2% at BCH.  

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Yes, it's similar for other games as well.

[OgNasty]

I think it is likely the decision of the site owner to decide what their edge is. Maybe one casino has less users and has to charge a higher fee in order to profit. It shows that shopping around can be beneficial when it comes to casinos. It also shows that Stake is a less costly place to gamble online.

[sunsilk]

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

This is like the exchanges that have different rates for each crypto that we're trading so, it's really a decision if they're going to increase their house edge or not. Maybe some do have 0.5% as the lowest or some can even go lower than that just to attract more customers.

I think that we've got good explanations here on how it works if it's about technicalities and the spread that we're seeing from both of them.

But more of this is like about business and operational cost decisions so, if there are differences, just go to what you prefer. It will all lies to your liking which has a better customer service or you'd go with the percentage.

[seoincorporation]

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The 2% house edge means the users will lose 2% of the total wager in the long run, that's another way to see the house edge, if the total wager on 2024 was $1,000 then the house would win $20 with that house edge.

For games like Mines, Tower and Crash what the house can do to have a bigger house edge is to pay less, just as you see on dice a bet on 50% chance to win with a house edge of 1% pays more than the one with a house edge of 2%.

[Lida93]

Explanations about the edge variations has been made in the preceding replies, but I care to ask a simple question about all of this. Do gamblers who have made use of the games from these platforms experience a glaringly variable effects in that 1% edge difference to a large  extend on their rate of wins or the edge difference is a sheer strategic attraction for more users on one side than the other.

What I believe is that whatever edge is given to us gamblers by casinos as the edge they hold to their advantage let the remainder which we are said to have on our side actually reflect in the amount of times gamblers earn wins those games from the casino in contrast to the times losses are made. What do we think about this?

[Stalker22]

~
What do we think about this?

Me think "we" have no fracking idea what you are talking about!

Could you please rephrase your question?  Are you wondering if a 1% edge makes a big difference in the short term for individual players?

[PX-Z]

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Different games have different house edge, sometimes the easier the game the higher the house edge, the higher the house edge the higher the advantage of the casino than it users. Usually house edge is around .5-1% but some have up to 2% it varies from platform to platform. House edge also tells the rtp of the games.

[pinggoki]

I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

I don't think that we need to ask the measurements, just apply some common sense and you'd know that the house always wins since there's more people that are losing money in the casino's games compared to winning which means that they're getting more money than that of losing due to the players wins. Even if they say that they've got a fair system, the odds are still stacked against you since there's not a lot of combinations that would lead you to win comparing that to the number of combinations that would lead you to lose, it will never be fair, because if that was really the case, there's not a lot of people that are risking their money to build a gambling business knowing that they're likely to lose more since it's fair game for both sides.

[Poker Player]

House edge also tells the rtp of the games.

Yes, it's not that there's any secret about it, it's a simple subtraction. If Stake has 1% HE, the RTP is 99% and if BCH has 2% the RTP is 98%. Just as there is no secret about the difference between the HE of one casino and another, as already explained.

[Kakmakr]

A lot of third party game providers offer several different RTP options for the casino to choose from, so the casino makes that choice. It is a bit different for their in-house games, because they have the ability to configure that on their own.

The difference in house edge are ussually very small, because there are stiff competition out there to draw gamblers to their platforms, so with a bit of research.. you might have a little higher chance to win something.. if you pick the casino with the better RTP. (RTP is difficult and expensive to test, so I think it might be manipulated over time)

[Mr. Magkaisa]

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

           -   Is that 2% deducted by the house edge from all casino players for every bet they make with a game provider? So does this mean that, win or lose,
the house always has a cut on everything a gambler bets?

If I look at it, it seems that a casino is similar to the management done by a crypto exchange, where it has a percentage profit for every trade performed by a trader.
That's why house most of the time wins in the games.

[Jawhead999]

           -   Is that 2% deducted by the house edge from all casino players for every bet they make with a game provider? So does this mean that, win or lose,
the house always has a cut on everything a gambler bets?

If I look at it, it seems that a casino is similar to the management done by a crypto exchange, where it has a percentage profit for every trade performed by a trader.
That's why house most of the time wins in the games.

Did you mean like, if I bet $1 and the game has 2% house edge, what I bet is actually $0.98 instead of $1? no it doesn't like that because when you win, the reward you get is calculated by amount of your bet * multipliers/odds.

We can feel how small of big the house edge if we gamble for long, like 10,000x bets or more, if you only bet for 100x times, the house edge won't really affect your bankroll.

[paxmao]

I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

Absolutely, a 2% house edge is excessive in my view for a general case of gaming. Having said that, the very famous roulette has what... like 1 in 50 to the house permanent on the numbers betting on average? That is a 2% edge and even more if you play with the double 00 or, as I have seen with triple zero too in some American casinos. Anyway, you can always find a better deal that 2% that is for sure.

[Mahdirakib]

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

Higher house edge brings more profits for the casino in the long run. The difference between 1% and 2% house edge is very simple. You are trying to define it in a complicated way. Mathematically, users will loss $1 for every $100 wager on 1% HE game. Where the users will loss $2 for every $100 wager on 2% house edge game. There will be also difference of losing streak probability for the house edge.

• The chance of getting 5 losses in a row on 1% house edge: 0.505^5 ×100 = 3.28%
• The chance of getting 5 losses in a row on 2% house edge: 0.510^5 ×100 = 3.45%

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The Mines and Tower game multipliers are low on 2% HE game than the 1% HE game. You can see the difference by playing the games on two casinos with the same settings. The crash games burst more often on lower multipliers on 2% HE game.

[Fatunad]

I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

Absolutely, a 2% house edge is excessive in my view for a general case of gaming. Having said that, the very famous roulette has what... like 1 in 50 to the house permanent on the numbers betting on average? That is a 2% edge and even more if you play with the double 00 or, as I have seen with triple zero too in some American casinos. Anyway, you can always find a better deal that 2% that is for sure.

If a certain platform would really be having that kind of 2% house edge into their games specially on dice then this one would really be left out on the competition on which the lowest i have seen
is on crypto.games which had that 0.8% and this is something the lowest HE i have seen specially on dice game, but i dont know if they have changed it out since i havent checked out the site.
When it comes to winning probability then everything would really becomes random and this is something that HE isnt the reason on lessening out. It would really be just that
a matter of difference on the loses that you could get or accumulate when the game is really that running even more longer.

[khaled0111]

Is that 2% deducted by the house edge from all casino players for every bet they make with a game provider? So does this mean that, win or lose,
the house always has a cut on everything a gambler bets?

No, the casino does not get 2% from each bet placed. However, on the long run ((after many many bets), the house edge which is the advantage the casino has over the player ensures that the casino will be in profit by near 2% from the total wagered amount.
Meaning, after one or few bets, the casino might be in profit or at loss but after too many bets the casino will most likely get 2% (or whatever the He is) from the total amount you have wagered.