Is 0 edge in sport bets new?

[Ziskinberg]

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?

There is none, and I do not think there is a sportsbook like that since they are not really the ones making the odds, it is the odds provider, so they just follow what is given to them and it is designed to make them win in the long run.

What will happen if they change those odds and smart people find a way to do sports arbitrage? I do not know exactly what you mean, but those house edge discussions are usually referring to casino games where they have games and we want to beat them.

In sports betting, it is bettors from both sides, so we are not really beating the sportsbook.

[Smartprofit]

In my opinion, zero odds on sports betting are always a temporary marketing ploy... Yes, a bookmaker may, in some situations, forego a portion of their profits. However, they will only do so if it ensures a significant profit in the future.

Zero odds on sports betting, in my opinion, should not be viewed as a charitable initiative. Bookmakers don't engage in charity work.

Usually, zero odds are set only on top matches. This advertising ploy replaces a full-fledged advertising campaign by bookmakers. Moreover, the bookmaker risks nothing, as there are many different players, many different bets, and they balance each other out. The bookmaker can be confident that they won't have to pay out of pocket for a player's large winnings.

However, if a professional bettor only bets on games with zero odds, the security service will quickly discover this. And such a player's limits will be reduced.

At the same time, zero odds still mean the bookmaker forgoes a portion of its profits.  Therefore, in practice, they are not very common. Personally, I would never choose an online casino to play at based on the presence of zero odds. For me, other factors are more important. 💁

[ralle14]

I haven't come across markets with zero edge or juice, but the closest i've seen were probably those odds boosts that most bookies tend to put out on certain markets.

I doubt it's something new since we've got a ton of bookies in the gambling world. There might be a few who've done it previously, but they're not as visible or as popular as the top bookies.

Either way, they surely have the tools to make it possible, but the risk that comes with it isn't worth it when there are bettors who'll quickly abuse it for profit.

[Dr.Bitcoin_Strange]

Well, some crypto sportbooks must have done this before but I personally have not experienced it myself, not on a local or crypto bookie but from what you have said, it's just a promotion kind of bonus that will help the bookie to gain more customers for the time being until they have gotten more customers, then they can stop the program. There's no way they are going to let that program run for a very long time since they are not making profit from the bets. Like I said, I have not seen crypto bookies done this but most crypto casinos have done so on different casino games, just for the sake of promotion.

[Sandra_hakeem]

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.

0 edge on sports betting is nothing but part of the vast majority of marketing schemes that they run. That's like telling the public that you run a casino, but in a way that you don't need any due profits. It's deceptive imo; if that's the first impression, I won't even bother myself.

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.

So basically, we're just engaging in repeated discussions? I'm not surprised anyway, after all many shit threads have been made in here and afaik, something a bit technical like this can be interesting.

[Perfectbaby]

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 have seen this as well or evening across it as OP may have mentioned!
Most the gambling site uses lot of technicalities and strategies to hold down gamblers
on their gambling site just to interest them the more as they are gambling.
Gamblers usually are being enticed with bonuses or a form of promo that would make
them to win something in their gambling site but yet they still ends up losing it on a big time.

[Myleschetty]

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?

0 edge is not a brand new concept in sports betting; traditional sportsbooks have been using it as a promotional tactic in recent years. They sacrifice margin by using 0 edge on certain events in order to draw in more users, but this is always a limited offer.
Since the majority of people use online casinos, I think they are doing this to set themselves up for competition. I hope the same approach can be used by online casinos.

[Fivestar4everMVP]

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?

I honestly don't understand what you mean my 0 edge on sports bet, may this is absolutely new or it's just me that is coming across this for the very first time, because in all the years I've gambled and or placed bets on sports, I've never come across any thing like a casino have an edge on sports betting, we usually talk or discuss about house edge but this related to casino and slot games which are pure luck based games compared to sports betting where knowledge plays some role, and also out comes in sports is a generally viewable by any one through scores and all.

So, if sports betting now comes with any house edge or whatever you mean by edge, then like I said before, it's either this is completely new to the betting market, or it's me coming across this for the very first time today, anyways, I will research this later to learn more about it.

[sompitonov]

I honestly don't understand what you mean my 0 edge on sports bet, may this is absolutely new or it's just me that is coming across this for the very first time, because in all the years I've gambled and or placed bets on sports, I've never come across any thing like a casino have an edge on sports betting, we usually talk or discuss about house edge but this related to casino and slot games which are pure luck based games compared to sports betting where knowledge plays some role, and also out comes in sports is a generally viewable by any one through scores and all.

So, if sports betting now comes with any house edge or whatever you mean by edge, then like I said before, it's either this is completely new to the betting market, or it's me coming across this for the very first time today, anyways, I will research this later to learn more about it.

I understand that this is when a player doesn't have an advantage, no matter how much of a betting guru they are, because no matter how we analyze the game, it will still play out at odds that favor the bookmaker. I think this is what the author means, because when a player has an advantage, they can remain profitable, even over the long term. But it's important to understand how exactly they achieve this and what winning strategy they employ. I don't have a clear plan for winning bets; I bet on what I think will win, and sometimes I find minimal reasons for doing so, so I don't have an advantage.

[bitbollo]

they can say 0 margin edge = you can edge to 0 your bet... in a basic scenario bookmakers should have an advantage (any options go out they had a profit).
would it work? maybe yes... but anywyay they need to offer better odds than others...

bookmakers are offering this as a basic advantage (isn't the first time I see something). Anyway could be seen as "outdated", I can build my own bet by using more bookmakers...

[Bitcoin Smith]

I am not sure if I understood what OP said correctly, But I remember Stake offering something similar. Like if you make a bet within a specified time for the specific game and you win then you take the money and if you lose then you will get your wagered money.

But this comes with a catch and there is no free/easy money, the bet amount is restricted to like $5 or $25 or something and anything above will not come under this promo.

[BitMaxz]

I've never seen any sites yet that offer 0 edge, which I think should be their advantage or a way to earn from their bookies.

Possibly some sports books can use the 0 edge to promote their site or lure gamblers to switch to their site, but it is only available to new customers.
However, I've never heard of a casino or any sport bookies that offer 0 edge.

[_act_]

I've never seen any sites yet that offer 0 edge, which I think should be their advantage or a way to earn from their bookies.

Possibly some sports books can use the 0 edge to promote their site or lure gamblers to switch to their site, but it is only available to new customers.
However, I've never heard of a casino or any sport bookies that offer 0 edge.

I have been a new customer on few fiat and crypto gambling sites, including the foreign ones based in the UK. I have also been given sport bonuses before which can be a first time deposit bonus and others like the ones given to active gamblers, but I have also not been given this kind of bonus before. The betting sites prefer to give money to their customers in a way they tell the customers to gamble with the money which is backed by rules that can not make the gamblers win, although I have won few before.

[alegotardo]

Marketing!
This is a "new" way to attract players, but you need to use it carefully... Because, just like casinos release betting bonus with wagering requirements, these betszero edge also have some requirements that need to be fulfilled.
So, do not be fooled: behind every "good deed" of casino, there are a requirement for something in return. Casinos have costs and they need cover them to remain profitable.

Of course, I am not saying this is a bad thing... just like bonuses it can be very good and advantageous for players. I am just saying that you need to carefully analyze the rules to see if it makes sense for you.

[Peanutswar]

Never seen right now offering a casino that has a 0% for the house and for sure this is just part of their marketing strategy to gain more number of players. Now if they will promote this possible there is a terms and conditionl that the player must need to meet and imagine a guaranteed win not all become eligible with this promo offer event. The casino would like to bring entertainment thats the agenda but lossing money from their player is aint sustainable to them to operate their casino.

[KTChampions]

0 edge is not a brand new concept in sports betting; traditional sportsbooks have been using it as a promotional tactic in recent years. They sacrifice margin by using 0 edge on certain events in order to draw in more users, but this is always a limited offer.
~

Speaking of special events, the World Cup is definitely one of them. I expected bookmakers to compete fiercely for the market share (which has obviously grown in size as people who don't usually bet on the World Cup are betting on it), but in reality, when I look at the odds, it doesn't seem like bookmakers have cut their margins or are offering favorable odds. On the contrary, it seems to me that greed is winning now  This may be because the group stage games are rubbish, so bookmakers can't accurately assess them and insure themselves with a large margin.

[joeperry]

It's actually the first time hearing it, the last 0 house edge I've experienced was only in their original games and it was offered by Duel.com, I thought at first that how they would be able to profit from this promotion but just like what you've said it's not for all matches and only the big ones and it's for single bet tickets only. I haven't experienced it yet but I think that's a good promotion for a sports betting platform especially if they are applying it to big events, I think their goal is to gather deposits in the platform and at the same time, increase the number of players.