Is 0 edge in sport bets new?

[Odusko]

Even if it is zero house edge, I think most gamblers will still lose. The house edge that the gambling sites are using is not more than 4 to 7%, but the gamblers still have the high chance to still lose. Only what can happen is that the chance he will not lose much will reduce with zero edge.

What is interesting and important is that zero house edge in sport betting market makes the ground neutral for players and the tendency to win more but not eliminating the chances of loses also, so with r without house edge we should know tht there is never ure at to winning in gambling and youar always exposed to the risk of losing any ways so you just have t deal it it as much as possible by lowering your level of risk.

[Charles-Tim]

Sincerely I have not seen such casinos like this that have o%. But this is quite suspicious. Like you said this may be an advertisement strategy for his this casinos platform to attract more customers. The terms and conditions might later affect the clients in a way that they  might be restricted in some areas like withdrawal limit, transaction issues,  while they use funds from attracted client to keep the platform operational it good to grant offer that protects the interest of there customer.

Like I have posted earlier, people should not be fooled with zero house edge. It will only make the odds a bit higher, but gambling will still not most likely favour people that are gambling, which is just the reason people that are lured into it will still most likely loss money over time. Although, the chance to make money from gambling increase, but it is can not increase more than 50% for the gamblers. Most people will still lose in a way that the gambling site might make money.

What is interesting and important is that zero house edge in sport betting market makes the ground neutral for players and the tendency to win more but not eliminating the chances of loses also, so with r without house edge we should know tht there is never ure at to winning in gambling and youar always exposed to the risk of losing any ways so you just have t deal it it as much as possible by lowering your level of risk.

Yes, this is what people should understand.

[Russlenat]

Even if it is zero house edge, I think most gamblers will still lose. The house edge that the gambling sites are using is not more than 4 to 7%, but the gamblers still have the high chance to still lose. Only what can happen is that the chance he will not lose much will reduce with zero edge.

We still lose even without house edge because there are two sides of bets, the winning side and the losing side, so that 0 house edge is not something permanent but just a temporary offer from the sportsbook to attract bettors to play on their platform.

However, I am interested to know where you got that 4% to 7% house edge for gambling sites or sportsbooks, do you have a basis for that or is it just a personal estimate?

[BRINIRHA]

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'm new to this but after reading some of the posts at the beginning it seems that this is not new it's just that this is something new for me personally because currently on the site I play there is not even anything like this.  This could be a good promotion for some sites if they add this feature especially for profit issues when there are promos like this then in addition to traffic the amount of money coming in can also be very large so even if they don't take advantage or 0 edge they will still be profitable.

[Myleschetty]

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.
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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.

I don't think we should expect a zero edge from the majority of online casinos, particularly the sportsbooks that support cryptocurrency, unless they are offering a special event or promotion for the World Cup games. But as you pointed out, the World Cup group stage doesn't always have high traction, so it's too early to draw any conclusions.
Have you looked into the Dedprz.com offering for the World Cup games?

[Sanitough]

This could be a good promotion for some sites if they add this feature especially for profit issues when there are promos like this then in addition to traffic the amount of money coming in can also be very large so even if they don't take advantage or 0 edge they will still be profitable.

But is there any sportsbook that really gives this kind of promo?

What I have seen most of the time is that casinos offer zero house edge, especially on in-house games, but sportsbooks are not really offering that, maybe just an increase in odds or a boost, but never a zero house edge.

Just imagine if the odds are 1.70 and the other side is 2.20, if they offer 0 house edge on 1.70 then that will become 2.00 while the other side is still 2.20, that could easily be used for arbitrage and they might end up locking accounts because they will see it as exploitation.

[Dr.Osh]

During my time gambling, I was quite unfamiliar with zero edge. I thought they only existed in real-world gambling or if you went to a specific casino and played live. Online casinos never explicitly state that they are zero edge casinos. Even if this were the case at a casino, how would they pay their employees or generate profits for their own company? Perhaps this zero edge only applies for a limited time, like most events.

[Ayers]

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.

They offer it to big games to increase volume then they either give players a hammer in other games or quickly limit the accounts of sharp punters. I have seen this happen many times. I am not ashamed to say that I used to chase these promotions blindly. And I lost even more while chasing free value. Currently I just play them as fun bet. Not like die hard, i play with small stakes and focus on the normal +EV line. Actually, in longterm the house somehow manages to extract their edge

[Hispo]

During my time gambling, I was quite unfamiliar with zero edge. I thought they only existed in real-world gambling or if you went to a specific casino and played live. Online casinos never explicitly state that they are zero edge casinos. Even if this were the case at a casino, how would they pay their employees or generate profits for their own company? Perhaps this zero edge only applies for a limited time, like most events.

Actually, there are a few casinos which use the "zero edge" feature as some kind of advertisement for them in order to attract gamblers in this very competitive market, you see?
They still manage to make money because those zero edge conditions are rather limited to a very few games and during a short period of time or with a very limited size of wager.
There is always some way for the casino to monetize or capitalize their zero edge games, otherwise they would lose money because of it, and we all now casinos and bookies are not in this business to lose money.

The lastest casino I have seen to support zero edge games (allegedly) is Duel. Though, be adviced, they have lately partaken in very wacky and edgy advertisement in order to get people's attention.

[alani123]

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.

You linked my thread 

I am just wondering if 0 edge is common in crypto betting sites because the comparison is not so easy to be made with fully KYC government licensed casinos which accept only fiat deposits.

I am wondering generally if this type of marketing will become prevalent because for instance those chasing value in their bets have more of an incentive to not play with crypto now especially if crypto casinos avoid this promotion for their sports section.

[Wakate]

There is no way a casino can have zero edge in wither sport betting or casino games, this looks impossible to believe.
I can remembering when most casinos are claiming to be web3 because of the trend then and now we are seeing something like zero edge which is never possible at all. Casinos want to make money and there is no way they can afford a zero edge games.

[Sanitough]

I am wondering generally if this type of marketing will become prevalent because for instance those chasing value in their bets have more of an incentive to not play with crypto now especially if crypto casinos avoid this promotion for their sports section.

If that is a promotion, then it is covered by the TOS and there is always a limit on that, because there is no way a bookie would allow no house edge when that is their main weapon for a profitable operation.

If they offer 0 house edge, that would only be for a few bets, sometimes they even choose what type of game you are only eligible for or just limit the number of bets you can make, so for me it is not a big deal since it is covered by the terms.

[gracreavix]

The 0 edge is just a marketing stunt to get more customers. And it seems to be working well and fine. And if you look closely, they have to make up for that money. For them, it's not seen as a loss but a way to get customers. But a loophole of cash is just left and they have to make up for it elsewhere in the bets.

This might attract long-term users, mostly if they use something else to make them want to continue betting. And most times all this is just temporary. Everything will return back to normal. It's not as if the 0 edge will somehow magically give you profit. It won't.

[suzanne5223]

However, i believe the main purpose of this service is to lure in more new users into their platform; if not, there must be a way the gambling platform is making for the use of 0 edge because they need money to keep their platform operational and staff payment.

Even if it is zero house edge, I think most gamblers will still lose. The house edge that the gambling sites are using is not more than 4 to 7%, but the gamblers still have the high chance to still lose. Only what can happen is that the chance he will not lose much will reduce with zero edge.

Yes, but 0 edge gives gamblers 50-50 longterm expected value, that's the gambler's return per bet as a percentage, and gamblers will have the chance to get the match exactly probability.

I don't think we'll see a gambling platform that will offer such a service unless we're talking about a US p2p sportsbook platform like Novig, and traditional sportsbooks. However, i believe the main purpose of this service is to lure in more new users into their platform; if not, there must be a way the gambling platform is making for the use of 0 edge because they need money to keep their platform operational and staff payment.

Sincerely I have not seen such casinos like this that have o%. But this is quite suspicious. Like you said this may be an advertisement strategy for his this casinos platform to attract more customers. The terms and conditions might later affect the clients in a way that they  might be restricted in some areas like withdrawal limit, transaction issues,  while they use funds from attracted client to keep the platform operational it good to grant offer that protects the interest of there customer.

When i said the casino that offers 0 edge will have a means, they are going to milk their users during such a promo, i am not talking about shady activities you stated, which will be glaring to everyone, and the gambling platform that uses the 0 edge to gain more new users will eventually lose the users, so I don't consider such tactics to be a nice one for promotion.
I was talking about the use of strategy, some groceries, super market used by reducing their goods price by a dollar or cents to attract new users, but at the end the price is still the same thing as the general market price.