Is 0 edge in sport bets new?

[alani123]

I have seen some bookies offering 0 edge on sports bets and part of their promos recently.
I'm often trying to find the best odds and I tend to see this type of promo more and more often.

I don't see this on crypto casinos however but rather on fully KYC ones.

It made me wonder, is this something new or has it been going on for a while?
Obviously this isn't for all matches but I've seen bookies running it as a promo for big matches. Obviously the goal is to keep some money going around on the platform. It's usually for single bet tickets that this promo can be utilized. Probably they're thinking of people keep depositing the platform is going to make profits from other markets that will have an edge.

So crypto bookies generally have odds that are competitive but I haven't seen this kind of promo.
Are you aware of any crypto bookies that feature zero edge promotions frequently?

[Charles-Tim]

I have bet on few crypto betting sites, but I have not seen this before, maybe because I am not a frequent bettor. I think this is a very good way of luring people to gamble or a way of making the existing gamblers that have lost enough money that they can not recover on the gambling site to have fun with.

[Alphakilo]

I have bet on few crypto betting sites, but I have not seen this before, maybe because I am not a frequent bettor. I think this is a very good way of luring people to gamble or a way of making the existing gamblers that have lost enough money that they can not recover on the gambling site to have fun with.

I doubt zero edge is a new phenomenon with sports betting because it is as you said, more of a marketing tool to lure in gamblers to a site with the hope that they get to increase their risk to reward ratio with parlays or other more convenient odds.
I think Cloudbet has this feature but I am not so sure how it functions because I have not really been one to be interested in free or zero low odds that comes with a catch that may be obscure at the beginning.

These zero odds on single tickets though could be a better way for bettors to be rewarded if they need the best value because it deals with a pure market as the hidden hook, while other platforms rely on other marketing scopes like VIP programs, fast withdrawals or even anonymity to get more users onboard.

[Hispo]

It is not a new thing, I have some casinos and a few bookies using the zero edge as part of their advertising strategies, but those are casinos are bookies which I don't usually use, so I stay with the common options I have got on hand. It is not worth it to completely change of casino because some temporary promotion on edge of the house.

The most relevant case I have seen lately would be Duel, which allegedly have some casino games (their originals) which are supposed to run on zero edge in favor of the house. However. I am not sure on their terms of service and conditions in which the edge is completely eliminated from those games... It would be only under very specific conditions, like low wager and only during an specific number of dice rolls, spins or sessions.

When there are promotions and advertisements like those, one needs to wonder what those conditions are.

Let us remember that casinos and bookies are businesses and they need to guarantee their own profitability, so they won't bleed money and suffer for bankruptcy...

[Accardo]

Zero edge on sport bets is not a new term, casinos usually have other purposes behind this promotional figures, but hardly have I set eyes on this kind of edge for sport betting, rather in casinos generally, Duel.com offers this kind of edge, and it falls under getting player's attention for most of the reasons behind this kind of promotions. However, two months ago, you've had a similar thread shared on 0 edge, https://bitcointalk.org/index.php?topic=5580472.0 it covered alot on marketing than anything else.

[Don Pedro Dinero]

It made me wonder, is this something new or has it been going on for a while?
<...>
Are you aware of any crypto bookies that feature zero edge promotions frequently?

I hadn't a clue about this either.

However, two months ago, you've had a similar thread shared on 0 edge, https://bitcointalk.org/index.php?topic=5580472.0 it covered alot on marketing than anything else.

The thing is, it’s different. In casino games, the house edge is a mathematical certainty, whereas in sports betting it’s more a matter of probability. When bookmakers offer a 0% edge, it’s because there’s no extra profit when you tally up the results by adjusting the odds – what’s known as the ‘juice’ or the ‘vig’.

[Oasisman]

I have seen some bookies offering 0 edge on sports bets and part of their promos recently.
I'm often trying to find the best odds and I tend to see this type of promo more and more often.

I don't see this on crypto casinos however but rather on fully KYC ones.

It made me wonder, is this something new or has it been going on for a while?
Obviously this isn't for all matches but I've seen bookies running it as a promo for big matches. Obviously the goal is to keep some money going around on the platform. It's usually for single bet tickets that this promo can be utilized. Probably they're thinking of people keep depositing the platform is going to make profits from other markets that will have an edge.

So crypto bookies generally have odds that are competitive but I haven't seen this kind of promo.
Are you aware of any crypto bookies that feature zero edge promotions frequently?

Not really, maybe because most crypto bookies already have lower margins compared to the traditional bookies? Not sure about that, but they have a different approach to promotions like rakebacks, which are not very common in non-crypto traditional sportsbooks.
It just makes sense that the zero edge only applies to a handful of matches, because just like you said, it is just to keep some money going on and attract more customers to their platform. Putting it in every match will not guarantee them profit, lol. We can almost guarantee to see these promotions on a big and competitive traditional bookie.
I think zero edge is not pretty common in crypto bookies, but regardless of the purpose of these promotions, it's always good to take advantage of them.

[Darker45]

I've heard about this before but it's mainly promotional. In other words, it's a bait. Sports betting platforms don't run out of ways to attract users. This is one of them. They always innovate to attract the money, deposits.

Once the money is inside, it's less likely that it's only used for that single commission-free match or handful of commission-free matches before fully withdrawn right away. The bookies know the tendency or the psychology of bettors. Most likely, these gamblers would also place bets on other matches on which vigorish is charged.

[danherbias07]

That's actually new to me because I really thought they didn't have any effect, even if they put a house edge on sports. It's the manipulation of the odds that they need to do. That's what I thought. They need to make gamblers believe that one team or player will win, but it's usually a trap. The movement in the odds is probably to equalize bets on the favorites and the underdogs, although I don't know how they do it for other options.

Also, I believe they have a percentage, whatever the result may be. I think we will get a good answer for this if an oddsmaker is here. Maybe he has an idea of how they inject house edge into sports. Honestly, I think it's just an advertisement to market the gambling site.

[Frankolala]

I don't know if you are having fun creating similar topics within two months when the first topic is still active with five pages. You should have continue the discussion over there because it's similar replies that you got there is what you will still get on this topic. I haven't used a casino with zero house edge and I wouldn't try it if it's a new casino.

https://bitcointalk.org/index.php?topic=5580472.0

[swogerino]

This is an improved version of big cash back in single bets that run as promo in many casinos. Of course the aim is to keep the user tied to the casino long enough that he starts exploring other options there like slot machines or other type of games. Most of the time it works as the user feels welcomed and also feels like he is having very high privileges by playing at this casino, so overall a very good way of doing effective marketing to greatly expand and improve user base in the platform.

[Odusko]

The main question is if those casinos that offers house edge on sport betting and this is what have made sport betting a most desirable for gambler's, house edge can play out clearly on casinos original games, and not third party services like sport betting although we may not know everything involved in the betting process and how bets are settled.