House Edge

[Odusko]

IMO, OP isn't really asking for variation of the games that he has mentioned for the house edge or its percentage. But he has mentioned a lot of bch.games and that's what he's sole purpose in making this thread. He has logged in on April 13 but never gave any of his thoughts to all of the answers that have been said for the questions that he has asked. If he's coming back soon and gonna break this thought of mine, that is totally okay and not a problem at all. This is my opinion since we get this a lot.

I guess some members will report this thread for it to get locked since the ops is not active to give directions to what the topic is all about and how to get the best answer to what he asking, and again I won't blame those that responded based on house edge variation since the ops did not give clear statement of what he is looking out for and since he created the thread he ran away from the thread I don't know what his motives are to create this discussions.

[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?

Yes and it is optically no very big when they say it, it is like the fees of 1% or 2%, it does not seem very big, but in fact as you say is actually duplicating the price of the product.  I am not sure people understand clearly of look closely to the hedge, as it seems little, however we all should be paying attention to it as we would pay attention when buying a car or a similar item.

[bettercrypto]

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?

Yang Mines and Crash is very useful and trending here in our country. It has even become more popular because of the influencers who are known here in our country. Others will openly say that there is nothing to lose as long as you use their link to sign up.

Even the crash games are also promoted by them. But once you play that, it's not true what they say: that you always win. I can still believe that the house edge always wins, but the casino player himself, who will deposit money, usually really loses.

[bSpend]

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.

Thank you bud, ive never really know much about house edge on those casino games that was mentioned, and this is because I am not a frequent gambler, I do gamble but it's always once in a while.
So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake, and from the gamblers point of view, Stake has a better house edge than bc.game since with their 1 percent, players are at a better chance of winning than losing, just 1 percent chance better than bc.game, can this be considered even significant?

[Poker Player]

So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake...

In relative terms yes, but not in absolute terms. If one casino has an HE of 1% and another of 2% of every $1,000 wagered, the second casino earns $10 more. But the one that offers 1% is usually because it has a much higher volume of players, more revenue, so it can lower the HE, and in absolute terms at the end of the year it is normal that Stake has earned much more money than bc.game.

[LUCKMCFLY]

So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake...

In relative terms yes, but not in absolute terms. If one casino has an HE of 1% and another of 2% of every $1,000 wagered, the second casino earns $10 more. But the one that offers 1% is usually because it has a much higher volume of players, more revenue, so it can lower the HE, and in absolute terms at the end of the year it is normal that Stake has earned much more money than bc.game.

The truth is that what you say makes a lot of sense and logic, and in fact it is true, the more community, the more people the casino has, the more attractive it is just due to the fact that the house edge is greater. accessible, I personally believe that when any player goes to a casino they look for the one with the lowest percentage of house advantage, especially to play games like black jack, poker, because the probability of winning is better and that is why it costs so much. a lot for a new casino to get ahead. and compete against the big guys, this industry is good, it is lucrative, but for this to happen the owners must have a lot of money.

[Fivestar4everMVP]

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?

Games can be provably fair for several casinos, which I believe should be the normal thing, but then, the house edge in all this casino can not likely be the same thing because same way way the casinos set their games to be probably fair, so also do they themselves set the house edge of this games, and the different house edge for this casinos simply means that the chances of winning that game if different for those casinos.

For example, if  stake have 1 percent house edge on crash, and bc.game has 2 percent, it simply means that this game on both casinos are provably fair, but the chances of winning a significant amount are not the same, as 1 percent house edge simply means those playing on stake have a higher chances of being in profit for a longer time if luck is is on their side.

This might not be completely correct, but I tried my best to explain to the best of my knowledge and understanding.

[goaldigger]

So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake...

In relative terms yes, but not in absolute terms. If one casino has an HE of 1% and another of 2% of every $1,000 wagered, the second casino earns $10 more. But the one that offers 1% is usually because it has a much higher volume of players, more revenue, so it can lower the HE, and in absolute terms at the end of the year it is normal that Stake has earned much more money than bc.game.

This can be a good comparison and probably the reason why many choses stake because of the lower house edge. The house will always be a winner in gambling, and that’s why gamblers are looking into the house edge rate for them to compare where to gamble and where they can get higher chance of winning. No wonder most of the new casinos have a higher edge probably because of lower volume of gamblers and they are not established yet.

[khaled0111]

For example, if  stake have 1 percent house edge on crash, and bc.game has 2 percent, it simply means that this game on both casinos are provably fair, but the chances of winning a significant amount are not the same, as 1 percent house edge simply means those playing on stake have a higher chances of being in profit for a longer time if luck is is on their side.

house edge and provably fair are two totally different things, there is no relation between them.
Also, having a higher house edge doesn't mean you have a lower chance of winning a significant amount. The amount to be won depends on the odds and the bet amount. The impact of the he is insignificant when we are talking about a single bet.
On the long run, theoretically, you are unlikely to be in profit. However, in this case, the lower the house edge the lower your losses.

[Mr. Magkaisa]

           -   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.

     -    Oh I see, thanks for the information you gave me. At least now I know that somehow I don't think about that anymore, when I play gambling in any casino here in the crypto gambling business. As long as I make a deposit, it's a game, and that's just what I always do.

But for me, it's normal for sure that this system is used by all casinos, right? Because this is a business and not a charity, they just provide entertainment for gamblers so that they can have a win or income when they are lucky enough to bet on any games they have.

[Russlenat]

For example, if  stake have 1 percent house edge on crash, and bc.game has 2 percent, it simply means that this game on both casinos are provably fair, but the chances of winning a significant amount are not the same, as 1 percent house edge simply means those playing on stake have a higher chances of being in profit for a longer time if luck is is on their side.

house edge and provably fair are two totally different things, there is no relation between them.
Also, having a higher house edge doesn't mean you have a lower chance of winning a significant amount. The amount to be won depends on the odds and the bet amount. The impact of the he is insignificant when we are talking about a single bet.
On the long run, theoretically, you are unlikely to be in profit. However, in this case, the lower the house edge the lower your losses.

I think the key words here is "in the long run", that is the most realistic explanation on how the house edge will beat us. Of course, when we are lucky we can also win, odds like x10 or x100 is possible in any kind of gambling games, but as we know, casinos doesn't rely on that, they rely on the system of the casino that always gives them the edge every time you spin.

Sports betting is one of the game that doesn't have that "house edge".

[pawanjain]

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?

It isn't a discrepancy but you can say it's kind of their profit margin.
While some might have a lower house edge (profit margin) the others might have more.
It solely depends on the owner of the site to decide what their house edge can be.
In this case, gambling on Stake will be more beneficial to you as the lower the house edge, the more chances you have to win.

[Eternad]

I think the key words here is "in the long run", that is the most realistic explanation on how the house edge will beat us. Of course, when we are lucky we can also win, odds like x10 or x100 is possible in any kind of gambling games, but as we know, casinos doesn't rely on that, they rely on the system of the casino that always gives them the edge every time you spin.

You’re right, House edge is like a cancer that slowly eat your bankroll without even noticing it until you play longer since casino returns has a slight decreased for a 1:1 payout.

Sports betting is one of the game that doesn't have that "house edge".

Not true. Sportsbook has a house edge. Check sportsbook odds for an even game. You can’t see an even match that has both 2.0 odds on each side since casino applies house edge by lowering both odds below 2.0 despite the winning percentage is just 50/50.

Expected Value(EV) should be zero for a sportsbook doesn’t have a house edge yet most of the bet offered has a -EV which means house edge applies.

[decodx]

           -   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.

     -    Oh I see, thanks for the information you gave me. At least now I know that somehow I don't think about that anymore, when I play gambling in any casino here in the crypto gambling business. As long as I make a deposit, it's a game, and that's just what I always do.

But for me, it's normal for sure that this system is used by all casinos, right? Because this is a business and not a charity, they just provide entertainment for gamblers so that they can have a win or income when they are lucky enough to bet on any games they have.

Casinos, even crypto ones, have to generate revenue somehow, and that's where the house edge comes in - it's the built-in margin that gives them a statistical advantage.  This edge varies between games - blackjack tends to be more player-friendly while slots may be more heavily stacked for the house.  You can still win in small samples regardless of the edge, but over time, as you place more and more wagers, it'll gradually grind down your bankroll, and will catch up to you eventually - even if youre lucky for a bit. 

[Russlenat]

I think the key words here is "in the long run", that is the most realistic explanation on how the house edge will beat us. Of course, when we are lucky we can also win, odds like x10 or x100 is possible in any kind of gambling games, but as we know, casinos doesn't rely on that, they rely on the system of the casino that always gives them the edge every time you spin.

You’re right, House edge is like a cancer that slowly eat your bankroll without even noticing it until you play longer since casino returns has a slight decreased for a 1:1 payout.

A proper mindset will help you deal with that kind of gambling. The reason why casinos are profitable is becasue of that house edge, so at least understanding that will help us minimize the risk because we will no longer pursue trying to bet big to win big, just do it for fun, bet what you can afford to lose and stop withou regret when you lose.

Sports betting is one of the game that doesn't have that "house edge".

Not true. Sportsbook has a house edge. Check sportsbook odds for an even game. You can’t see an even match that has both 2.0 odds on each side since casino applies house edge by lowering both odds below 2.0 despite the winning percentage is just 50/50.

Expected Value(EV) should be zero for a sportsbook doesn’t have a house edge yet most of the bet offered has a -EV which means house edge applies.

Maybe the explanation have sense, but my personal belief, if you evade the house edge, just bet on the odds with 2.0 +... and 50/50 winning percentage is not really certain as the odds provided or spread are just estimates. Unlike in a machine operated game where it's completely correct as they created the system.

sometimes odds in sports betting are overvalued or undervalued, so that's the big difference that does not exist in games like roulette.

[khaled0111]

Maybe the explanation have sense, but my personal belief, if you evade the house edge, just bet on the odds with 2.0 +... and 50/50 winning percentage is not really certain as the odds provided or spread are just estimates. Unlike in a machine operated game where it's completely correct as they created the system.

In fact the house edge for sports bets is usually higher than the hs for other games. It's just it's a bit harder to calculate and gambler have hard time to grasp how it works.
To have a better understanding of how it works you should remember that there are other gamblers who might bet on the opposite outcome of the game. Personally, I believe it's easier to understand how the he in sports betting works and how to calculate it when using the American odds format.

[Russlenat]

Maybe the explanation have sense, but my personal belief, if you evade the house edge, just bet on the odds with 2.0 +... and 50/50 winning percentage is not really certain as the odds provided or spread are just estimates. Unlike in a machine operated game where it's completely correct as they created the system.

In fact the house edge for sports bets is usually higher than the hs for other games. It's just it's a bit harder to calculate and gambler have hard time to grasp how it works.
To have a better understanding of how it works you should remember that there are other gamblers who might bet on the opposite outcome of the game. Personally, I believe it's easier to understand how the he in sports betting works and how to calculate it when using the American odds format.

That's right, I also ask "chatgpt" regarding that and it says that there's really a house edge in sports betting. It doesn't matter if you bet on the odds +100 because you are getting less probability. That's why I'm looking on the lines which I see have good value, so I could eliminate or at least minimize that house edge.

In casinos, the lowest house edge is probably 1% or there are even lower than that, but in sports betting the normal juice or vigor is 10% as the even action of odds usually have 1.90 (decimal) or -110 (american).

By the way, I'm not having a problem understanding the odds or interpreting it as I have this https://www.aceodds.com/bet-calculator/odds-converter.html

[jasonz3g]

very funny,when your opponent is the casino.
Do you actually care whether the house edge is 1% or 2%?
Do you want to win this casino?

[freedomgo]

very funny,when your opponent is the casino.
Do you actually care whether the house edge is 1% or 2%?

Of course, because house edge does tells your chances, a lower house edge the higher chances of winning although your chances is still below 50%.
This games with house edge are luck based game, mark that word luck becacuse that's all we need to win.
Bankroll management in this case is kinda important as well, but that's only to minimize your loses or stay within your range, if you know what I mean.

Do you want to win this casino?

Why do you gamble in the first place?

[danadc]

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?

It isn't a discrepancy but you can say it's kind of their profit margin.
While some might have a lower house edge (profit margin) the others might have more.
It solely depends on the owner of the site to decide what their house edge can be.
In this case, gambling on Stake will be more beneficial to you as the lower the house edge, the more chances you have to win.

The house edge is important, I know, but a person who is always looking for the best casino because the house edge is lower , how does he Know ? Should some casinos say so in the TOS? It is logical that we are always going to play in the one with the highest house advantage and that Means that we can win more, but I see that the largest casinos are the ones with the lowest house advantage , for example the casino that you say bets , it is a casino that does not exceed 1%, but that is because they have a lot of people, but in casinos that are not so famous the house advantage is greater, how do they attract customers? This house edge should always be at the Beginning of every casino and in a big way.