House Edge

[khaled0111]

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

That's not how the he works. The house edge does not affect the odds and does not affect your chances of winning/losing. If you play a coin flip game, for example, your chances of winning/losing are 50/50 meaning you always have a chance of 1/2 to win regardless of the house edge. It only affects the win amount: the higher the house edge the lower your winning not your chance of winning.

The house edge is important, I know, but a person who is always looking for the best casino because the house edge is lower ,

Casinos with the lowest house edge aren't necessarily the best.

[redsun114]

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

Apart from fair house edge, there are still other reasons on why a person can choose Stake over the other. The most notable one would be is they have a good customer support. As you can see I did not mention the bonus first because I think there are changes made with this by their team and many are complaining that they lowered it. Other than the house edge, odds can also tell if what are the chances for us to win. There are only some instances that they may not be followed because of our personal luck.

No wonder most of the new casinos have a higher edge probably because of lower volume of gamblers and they are not established yet.

Oh? That's crazy but they should be the opposite and its better to be consistent so that players won't get shocked and turned off.

[Beparanf]

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.

I’m not saying you’re wrong but house edge imply your possible losses every spin. Which mean the lower the house edge gives you lesser money to loss in every bet. House edge doesn’t increase your chance of winning because it automatically decreases your winning percentage below 100% in the long run.

You can only say that it increases your chance of winning if the house edge is zero that gives positive EV to your game.

[Haunebu]

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.

Sports betting does in fact have a house edge applied to all odds which is referred to as juice/vig by sportsbooks(FIAT and Crypto) from around the world. Some books add high juice while some others add low juice to the odds.

Stake adds high juice to their odds. There are far better sportsbooks out there like Pinnacle etc which add low juice providing a lot more value bets overall.

[Dunamisx]

Many have been talking on contrary opinions concerning house edge, this is not because we don't know the exact situation of what at stake from using any gambling website for playing our games, but we have also realized the true nature and value for the needs for them to have house edge over every game or bet we are playing, this is part of the things we have to understand and know concerning gambling platforms that we cant beat over the house.

[danadc]

Casinos with the lowest house edge aren't necessarily the best.

Well, you're right, but in general terms, it seems that the casinos that are larger have a Minimal house Advantage , which makes the casinos stay there and Enjoy more The gaming Industry is Difficult , but every time I see that can make a Difference , Problems arise such as the house advantage and where I can Always go to those Casinos that have them lower and with the Degree of trust they have and their good Reputation , I think that everyone goes for those Casinos that do not take Risks , that It is Something normal , Because money is what We try to multiply and take care of.

By the way, that BC,game avatar is very Pretty, it makes me Laugh , it's Very nice.

[freedomgo]

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

That's not how the he works. The house edge does not affect the odds and does not affect your chances of winning/losing. If you play a coin flip game, for example, your chances of winning/losing are 50/50 meaning you always have a chance of 1/2 to win regardless of the house edge. It only affects the win amount: the higher the house edge the lower your winning not your chance of winning.

I am pretty much referring to the winning percentage that would result from your money. Just like in sports betting, you can bet on a 50/50 game, but if the odds you take are -110, that still represents a 10% house edge. You'll be paying $110 to win $100 on a 50/50 match. Maybe we can make it simple, because we are talking about the house edge here, which will, of course, impact our overall chances of winning, which, as mentioned, I'm basing on the return of money.

To illustrate, if I have a bankroll of $1,000 and I keep playing at odds of -110, I need to win at least 53% overall in order to be profitable, considering I am using a flat betting method for my bankroll management.

[Wapfika]

Casinos with the lowest house edge aren't necessarily the best.

Well, you're right, but in general terms, it seems that the casinos that are larger have a Minimal house Advantage ,

This is not true. Casino like has a high house edge on their sportsbook since they have lower odds compared to other sportsbook that has lower number of users. They are already confident about the number of customers that’s why they can already adjust their profit percentage to gain more. You can compare this scenario to popular banks that lowers already the APR for savings when they already have enough customers while new banks typically offer higher APR to attract new customers.

This the point being considered by the post that you quote since popular casino usually offers high house edge because they don’t need to lower it just to compete with others. Those new casino usually use the low house edge to no house edge feature just to attract players since they are relying that players will lose completely their bankroll on fair gaming.

[paxmao]

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

That's not how the he works. The house edge does not affect the odds and does not affect your chances of winning/losing. If you play a coin flip game, for example, your chances of winning/losing are 50/50 meaning you always have a chance of 1/2 to win regardless of the house edge. It only affects the win amount: the higher the house edge the lower your winning not your chance of winning.

The house edge is important, I know, but a person who is always looking for the best casino because the house edge is lower ,

Casinos with the lowest house edge aren't necessarily the best.

Of course they are not, everything is a pack and the cut of the house is not at all the only criteria. Reputation, such as in the sites that have campaigns in here and the user experience when there are problems and when they have to transfer funds or pass the paperwork red-tape or when they try playing and the site is down or a game is not fair. There are many considerations.

[Dunamisx]

Casinos with the lowest house edge aren't necessarily the best.

Well, you're right, but in general terms, it seems that the casinos that are larger have a Minimal house Advantage

Casinos in this cannot be judge by what you have both said, we cannot make a conclusion to that extent by the size of a casino or the standard it has made or realized in the gambling industry, a casino cannot play with it house edge opportunity on every game played by gamblers, we should know this, though this is not also determined by their size but many other factors are put into considerations to work together along.

[Julien_Olynpic]

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?

In it's simplest terms, in one out of every 100 games one of those casinos will on average guarantee they win once, and the other casino will win twice. Another way of presenting it is, for each dollar that a player places a bet in those casinos, they'll get 99 or 98 cents back. The provably fair system will have these figures within the calculation, so there is nothing suspicious going on there and they are full upfront to users. Each game will have slightly different algorithms and stages, but it almost always leads back to that simple formula mentioned. These sites are consistent money makers for the owners, which is why they continue year after year, which should tell you everything you need to know.

That's right. The advantage of a 1% casino means that cases winning for a casino fall out 1% more often than that of the player. That is, in general, winnings and losses of both the casino and the player are random, but in general, the casino gains occurs 1% of loss more often. This is a little, but on the long time this is enough for the player to gradually begin to accumulate a loss. In principle, even if the casino had no advantage, then even in this case, the player would gradually accumulate a loss in the random game. After all, the loss for him will be much more affected by bankroll than a win. If you lose 50% of your bankroll, then to return your previous amount you will need to make 100% profit.

[Poker Player]

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

That's not how the he works. The house edge does not affect the odds and does not affect your chances of winning/losing. If you play a coin flip game, for example, your chances of winning/losing are 50/50 meaning you always have a chance of 1/2 to win regardless of the house edge. It only affects the win amount: the higher the house edge the lower your winning not your chance of winning.

I am pretty much referring to the winning percentage that would result from your money. Just like in sports betting, you can bet on a 50/50 game, but if the odds you take are -110, that still represents a 10% house edge. You'll be paying $110 to win $100 on a 50/50 match. Maybe we can make it simple, because we are talking about the house edge here, which will, of course, impact our overall chances of winning, which, as mentioned, I'm basing on the return of money.

To illustrate, if I have a bankroll of $1,000 and I keep playing at odds of -110, I need to win at least 53% overall in order to be profitable, considering I am using a flat betting method for my bankroll management.

You are right, freedomgo. khaled0111 gives an incorrect example, since in the example of a coin flip game the House Edge is 0. It seems to me that it is being confused with games that are similar to coin flip, although they are not exactly coin flip, and where there is an HE. For example, if you play red or black in American roulette the odds are not exactly 50% but 47.36%, due to the 0 and 00 in green.

[EarnOnVictor]

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.

I’m not saying you’re wrong but house edge imply your possible losses every spin. Which mean the lower the house edge gives you lesser money to loss in every bet. House edge doesn’t increase your chance of winning because it automatically decreases your winning percentage below 100% in the long run.

You seem to be contradicting yourself here since if there is a house edge that is not 100% according to what you have explained in relation to what I have read with you guys' discussion, then how come the odds again be 100% against the gambler? No. The fact that a gambler played and lost does not mean that the house edge is 100%, it only means that even if the house edge is just 10%, it indicates that the gambler wasn't able to enjoy the grace covered by the remaining 90%. Needless to say, this house edge of a thing is not obvious to anyone and even if a certain casino states their edge, is it really true?

The fact that the difficulties in casinos can be adjusted based on what is coded in the algorithm makes the house edge of a thing that is difficult to ascertain or trust. However, this house edge of thing is applicable only to the casino aspect of gambling and not to the sportsbook, and all that matters in casino betting is to try your best and leave the rest as you can't beat the house in the long run. Nevertheless, it is better to focus on the fun part of this kind of betting even as you are neutral about the money, that's if you think about it at all.

[milewilda]

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

That's not how the he works. The house edge does not affect the odds and does not affect your chances of winning/losing. If you play a coin flip game, for example, your chances of winning/losing are 50/50 meaning you always have a chance of 1/2 to win regardless of the house edge. It only affects the win amount: the higher the house edge the lower your winning not your chance of winning.

I am pretty much referring to the winning percentage that would result from your money. Just like in sports betting, you can bet on a 50/50 game, but if the odds you take are -110, that still represents a 10% house edge. You'll be paying $110 to win $100 on a 50/50 match. Maybe we can make it simple, because we are talking about the house edge here, which will, of course, impact our overall chances of winning, which, as mentioned, I'm basing on the return of money.

To illustrate, if I have a bankroll of $1,000 and I keep playing at odds of -110, I need to win at least 53% overall in order to be profitable, considering I am using a flat betting method for my bankroll management.

You are right, freedomgo. khaled0111 gives an incorrect example, since in the example of a coin flip game the House Edge is 0. It seems to me that it is being confused with games that are similar to coin flip, although they are not exactly coin flip, and where there is an HE. For example, if you play red or black in American roulette the odds are not exactly 50% but 47.36%, due to the 0 and 00 in green.

If we do speak about coinflip then house edge cant really be applied considering that the game would really be that 50-50 chance of head or tails but the way on how the house would really be making out that kind of deduction is on the payout that you would really be getting or on the winning amount that you had got. Its not really that something necessarily that would be applied internally on a certain game just like on what we do see on dice games and other casino based games on where HE si really that something that will be always present since this is where companies do really make money. In comparing about 1-2% HE then
people would really be that preferring the less of course because it would really be that have lesser deduction as you do pro long your game. As a gambler then there are those who dont mind much about this edge
but there are ones who are really that too keen in between differences.

One thing that you should be putting up into your mind that house do always win at the end.Even if you do saw your wagered amount and trying out to make up some computations
and deducting about on the HE then you could really say that you are really at that great disadvantage.

[Dunamisx]

The fact that the difficulties in casinos can be adjusted based on what is coded in the algorithm makes the house edge of a thing that is difficult to ascertain or trust.

We should know that house edge is not a target aimed at the gamblers, instead, its something that had been place in favour of the gambling platform to have edge over the gambler, that is one of the reason why we can always see that in some particular games, no matter how expertise you're or skillful, luck or win will be a rare thing to achieve because that is how it works for such system under that category.

[khaled0111]

You are right, freedomgo. khaled0111 gives an incorrect example, since in the example of a coin flip game the House Edge is 0. It seems to me that it is being confused with games that are similar to coin flip, although they are not exactly coin flip, and where there is an HE. For example, if you play red or black in American roulette the odds are not exactly 50% but 47.36%, due to the 0 and 00 in green.

I used coin flip as an example because it's the most simple game I could think of which has only two outcomes with the same probability (50/50).
Although the chance/probability of the coin landing on one side (head or tail) is 50%, the house edge is not necessarily 0.
I did a small research and I think the correct terms are true odds and actual/payout odds.
For example, if you bet $1 on tail and you win, the house will pay you $0.95 if their he is 2.5%.

[freedomgo]

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

That's not how the he works. The house edge does not affect the odds and does not affect your chances of winning/losing. If you play a coin flip game, for example, your chances of winning/losing are 50/50 meaning you always have a chance of 1/2 to win regardless of the house edge. It only affects the win amount: the higher the house edge the lower your winning not your chance of winning.

I am pretty much referring to the winning percentage that would result from your money. Just like in sports betting, you can bet on a 50/50 game, but if the odds you take are -110, that still represents a 10% house edge. You'll be paying $110 to win $100 on a 50/50 match. Maybe we can make it simple, because we are talking about the house edge here, which will, of course, impact our overall chances of winning, which, as mentioned, I'm basing on the return of money.

To illustrate, if I have a bankroll of $1,000 and I keep playing at odds of -110, I need to win at least 53% overall in order to be profitable, considering I am using a flat betting method for my bankroll management.

You are right, freedomgo. khaled0111 gives an incorrect example, since in the example of a coin flip game the House Edge is 0. It seems to me that it is being confused with games that are similar to coin flip, although they are not exactly coin flip, and where there is an HE. For example, if you play red or black in American roulette the odds are not exactly 50% but 47.36%, due to the 0 and 00 in green.

If we do speak about coinflip then house edge cant really be applied considering that the game would really be that 50-50 chance of head or tails but the way on how the house would really be making out that kind of deduction is on the payout that you would really be getting or on the winning amount that you had got. Its not really that something necessarily that would be applied internally on a certain game just like on what we do see on dice games and other casino based games on where HE si really that something that will be always present since this is where companies do really make money. In comparing about 1-2% HE then
people would really be that preferring the less of course because it would really be that have lesser deduction as you do pro long your game. As a gambler then there are those who dont mind much about this edge
but there are ones who are really that too keen in between differences.

Let's talk about house edge only, deductions are different like charges on withdrawals or close to it. Coin flip, that's an obvious 50/50, no house edge in short. Casino's are also transparent with the house edge, especially on online games, but if they wouldn't tell you, for sure you can easily know if you do your job to research, just like going in a physical casino, you should understand the game you are playing so you'll know what percent is the house edge. Of course there are still gamblers who wins, but the catch here is most of us losses in the long run leaving the casino to be still profitable.

One thing that you should be putting up into your mind that house do always win at the end.Even if you do saw your wagered amount and trying out to make up some computations
and deducting about on the HE then you could really say that you are really at that great disadvantage.

Your wagered amount does not work against a casino, every roll there's a house edge, and if you think that the wagered strategy will beat it like using a martingale strategy, then you are  wrong because casino are pretty much aware of that and they'll just easily activate the limit per gambler.

[Fivestar4everMVP]

The fact that the difficulties in casinos can be adjusted based on what is coded in the algorithm makes the house edge of a thing that is difficult to ascertain or trust.

We should know that house edge is not a target aimed at the gamblers, instead, its something that had been place in favour of the gambling platform to have edge over the gambler, that is one of the reason why we can always see that in some particular games, no matter how expertise you're or skillful, luck or win will be a rare thing to achieve because that is how it works for such system under that category.

You are right, but still, I think house edge still does work in reverse mode, which simply means that the casino can't win if the gamblers don't lose, so, in reality, the house edge is a mechanism that is placed to favor or give the casino an edge over the gambler, which is also to the detriment of the gambler because like I said before, when the casino wins, the gambler loses.

I think it's important for us to understand that gambling is a one way thing when it comes to winning and losing, there is no draw here, when we play casino or slot games, you either win or lose, when our win, means the casino's loss, and our loss, means the casino's win.
So, when the house edge is working for the casino to be profitable, where does the profit come from? it's still from the gamblers whom the house edge will force to lose so as to add profit to the casino.

[adaseb]

The fact that the difficulties in casinos can be adjusted based on what is coded in the algorithm makes the house edge of a thing that is difficult to ascertain or trust.

We should know that house edge is not a target aimed at the gamblers, instead, its something that had been place in favour of the gambling platform to have edge over the gambler, that is one of the reason why we can always see that in some particular games, no matter how expertise you're or skillful, luck or win will be a rare thing to achieve because that is how it works for such system under that category.

You are right, but still, I think house edge still does work in reverse mode, which simply means that the casino can't win if the gamblers don't lose, so, in reality, the house edge is a mechanism that is placed to favor or give the casino an edge over the gambler, which is also to the detriment of the gambler because like I said before, when the casino wins, the gambler loses.

I think it's important for us to understand that gambling is a one way thing when it comes to winning and losing, there is no draw here, when we play casino or slot games, you either win or lose, when our win, means the casino's loss, and our loss, means the casino's win.
So, when the house edge is working for the casino to be profitable, where does the profit come from? it's still from the gamblers whom the house edge will force to lose so as to add profit to the casino.

What do you mean by house edge working in reverse mode? Sure when a player doesn't lose the casino loses but you need to realise that casinos whether in crypto or physical casinos in Vegas, they rely on thousands of bets and gamblers. There will be a few here and there which will make the casino lose money but with a huge house edge of 2% it means the casinos will for sure to profitable long term.

The answer the OP question. Why do some sites have higher house edge than others? Well a new casino needs to spend more capital to keep running compared to a older and larger casino, hence they need to charge more house edge to stay in business. This is similar to how many new businesses aren't profitable for the first few years because most of their gains are offset by their expenses. Hence some businesses charge more if they can of course, just like the casino that was mentioned by the OP.

[Dunamisx]

The fact that the difficulties in casinos can be adjusted based on what is coded in the algorithm makes the house edge of a thing that is difficult to ascertain or trust.

We should know that house edge is not a target aimed at the gamblers, instead, its something that had been place in favour of the gambling platform to have edge over the gambler, that is one of the reason why we can always see that in some particular games, no matter how expertise you're or skillful, luck or win will be a rare thing to achieve because that is how it works for such system under that category.

You are right, but still, I think house edge still does work in reverse mode, which simply means that the casino can't win if the gamblers don't lose, so, in reality, the house edge is a mechanism that is placed to favor or give the casino an edge over the gambler, which is also to the detriment of the gambler because like I said before, when the casino wins, the gambler loses.

I think it's important for us to understand that gambling is a one way thing when it comes to winning and losing, there is no draw here, when we play casino or slot games, you either win or lose, when our win, means the casino's loss, and our loss, means the casino's win.
So, when the house edge is working for the casino to be profitable, where does the profit come from? it's still from the gamblers whom the house edge will force to lose so as to add profit to the casino.

I htink if i get you right, even if a gambler won against the house doesn't make it more of an often occurrence that the gambler have more winning edge over the house, in gambling, we often loose in general than we make win, this also could be determined by the specific game or sport in consideration by the gambler as well, so everything is determined base on the situation involved as well as the conditions attached.