0% house edge, rake and comission - page 3.

Real14Hero

hero member

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Quote from: kmxl45 on March 19, 2018, 07:38:58 AM

Quote from: Beroximos on March 19, 2018, 05:55:29 AM

Their concept looks very well. I think this could have a success and attract a lot of players and investors as well.

I like this concept too. 0% edge is possible if they will have a stabile income of new players and tokens price will increase. The first problem will be that people need to understand this is possible, after it they will be one of the best. Nobody wants to pay extra fees and everybody wants to fair chance beat the casino.

Ofc the players will say that this model suits them, but who in the world operator will be willing to operate such a casino on a large scale?

Now the next level of so called "attracting people" and new members will be having house edge in "negative". That might gain a lot of traction, but again, who will run this? You ? Me?

BlueRedDot

newbie

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Guy of course its about a good marketing tactics. They promote most of the games as 0 % edge but as still be having some with 5-10% edge. I see there opportunity to make some bucks.

kmxl45

member

Activity: 112

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House edge/rakes makes incredible money for casinos, huge income. If the developers of ZeroEdge aren't greedy, the model can work based on tokens price. If this revolutionary idea brings stable supply of new players, it will be ok....for the token price dump they need big pillow as a reserve...

BTCevo

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Quote from: Koadharber on March 20, 2018, 04:21:38 PM

Quote from: BTCevo on March 20, 2018, 12:18:55 AM

Is there any site will offer this? 0% on everything which that is suppose to support their site and they make it 0%? How do you think that site get the income to maintain their site? There is no way any site will do this for sure. Gambling site is business too so what do you expect is they are giving 0% on house edge, rakeback and commision? What do you think about it? To good to be true right? Which is I can say it will turn out to be a scam site

Sooner or later they would really change their minds when they find out that they arent making any money after how many months they do operate.They will realize it and choose up to put HE or rather stop into their operation and ended up on a scam site.Just like on what most people are saying here 0% will not give you any income and rakebacks and commissions isnt really enough.

I believe they already know this, yet they still saying or even trying to scam people by 0% house edge, rake back and commision. There is no way they will let player to make some withdrawal after deposit decent amount. 0% might do if it is only for promotion or event but to use 0% everytime will broke the site as well and turn out to be a scam site

chris200x9

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Quote from: yogg on March 20, 2018, 05:55:56 PM

We can even see negative house edge websites !
These are the faucet. I'm thinking in particular of http://www.freebitco.in

Their business model relies on advertising, so the games are just giving BTC away.
It's very hard to get some decent amount of money. You can win more on a dice site.

If some organization find a right balance between income, profits and expenses, we can have very interesting free games.

Did you check their site recently? Because for a quite some time their site does not have any kind of advertisements. It looks like their Google Adsense account banned and other advertisements may not be so much worth so they do not have any advertisements now. If I'm correct, one-time admin mentioned in their thread that now their site main income coming from their hi-low game.

SyGambler

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guess who's back

Quote from: Black_bl on March 18, 2018, 03:20:29 PM

Hey players,
I was looking for opportunity between casinos and found two crypto project which claim that have 0% fees on games, named zeroedge and edgeless. Do you have any experience with them? I asked in their telegram groups, how their concept works, they answered me that their concept is based on their own cryptocurrency, that will grow with number of players and also that not every game will be with 0% fees. I still don't know if it's enough, maybe blockchain will spare some money, on the other hand, they should have big reserve to be able to run. What do you think, will these project successful?

such concept may exist since they are giving an incentive for gamblers to buy their token , but I will take the 1% for btc sites rather than buying a token that will fluctuate a lot
so yes the edge may be 0 for some games , but you will be gambling with the price and for me most alts are -EV when it comes to price

Quote from: yogg on March 20, 2018, 05:55:56 PM

We can even see negative house edge websites !
These are the faucet. I'm thinking in particular of http://www.freebitco.in

Their business model relies on advertising, so the games are just giving BTC away.
It's very hard to get some decent amount of money. You can win more on a dice site.

If some organization find a right balance between income, profits and expenses, we can have very interesting free games.

faucets aren't negative EV , they aren't giving people money out of their pocket and I'm pretty sure they make at least double from their visitors ( maybe a little less )

also the main income for freebitcoin these days isn't advertising , it's mining and gambling where the house edge is 5%

yogg

legendary

Activity: 2464

Merit: 3158

We can even see negative house edge websites !
These are the faucet. I'm thinking in particular of http://www.freebitco.in

Their business model relies on advertising, so the games are just giving BTC away.
It's very hard to get some decent amount of money. You can win more on a dice site.

If some organization find a right balance between income, profits and expenses, we can have very interesting free games.

MatrixMining

full member

Activity: 169

Merit: 100

Well, they will probably be making some money through their tokens which they expect to grow in price. And if not all games will have 0% house edge, it probably can be sustainable.
In any case, 0% house edge sounds attractive so it can bring many people in. I think it's an interesting project worth following.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: BTCevo on March 20, 2018, 12:18:55 AM

Is there any site will offer this? 0% on everything which that is suppose to support their site and they make it 0%? How do you think that site get the income to maintain their site? There is no way any site will do this for sure. Gambling site is business too so what do you expect is they are giving 0% on house edge, rakeback and commision? What do you think about it? To good to be true right? Which is I can say it will turn out to be a scam site

Sooner or later they would really change their minds when they find out that they arent making any money after how many months they do operate.They will realize it and choose up to put HE or rather stop into their operation and ended up on a scam site.Just like on what most people are saying here 0% will not give you any income and rakebacks and commissions isnt really enough.

milewilda

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Activity: 3094

Merit: 1127

Quote from: BlueRedDot on March 20, 2018, 06:27:34 AM

Its very interesting idea to make 0% house edge. Players get very reasonably fair game and the owners get better token value over the time. Also i believe there will be mix of 0% house edge and 5-10% house edge games Wink

0% House edge doesnt really sounds interesting specially on gambling site owner.They cant sustain it as i said earlier and how they would get their tokens be more valuable? Even as a gambler i dont see any special thing on it.

Quote from: Beroximos on March 20, 2018, 03:06:42 AM

I think it can work If their primary goal is earning money on the grown value of their tokens. Better conditions for players who will play on their platforms and use their tokens ensure bigger demand for tokens. WIN WIN for both sites.

I dont see WIN WIN both sides so its better to say relevant things than on saying senseless words.

BlueRedDot

newbie

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Its very interesting idea to make 0% house edge. Players get very reasonably fair game and the owners get better token value over the time. Also i believe there will be mix of 0% house edge and 5-10% house edge games Wink

Beroximos

newbie

Activity: 96

Merit: 0

I think it can work If their primary goal is earning money on the grown value of their tokens. Better conditions for players who will play on their platforms and use their tokens ensure bigger demand for tokens. WIN WIN for both sites.

Theb

hero member

Activity: 1680

Merit: 655

Quote from: leea-1334 on March 19, 2018, 07:29:35 AM

0% edge can work as a model but not without the rakes and commissions,,, zero everything in your title is simply not possible as a business model, unless you strictly run poker competitions, and earn from advertising, sponsorship and fees (but nobody likes to pay fees, they do not mind commissions or rake though).

Also, as user above posts, if it is on-chain, you pay miner fees. If the tokens like Edgeless are cheap, players do not feel the pinch, but nobody likes to pay extra costs every hand they play.

I would rather improve on other parts of my gambling site than reducing the house edge to 0% as you are personally giving you and your member an equal shot of winning the game (which could be bad for business). Even though a 0% HE is an attractive way to promote your gambling site I don't think it would be good for you financially or if you are looking for 3rd party investors they won't bother looking at your site as House Edge would be important for them. Test the scheme for yourself you will find out what I mean.

BTCevo

legendary

Activity: 1834

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Is there any site will offer this? 0% on everything which that is suppose to support their site and they make it 0%? How do you think that site get the income to maintain their site? There is no way any site will do this for sure. Gambling site is business too so what do you expect is they are giving 0% on house edge, rakeback and commision? What do you think about it? To good to be true right? Which is I can say it will turn out to be a scam site

Black_bl

full member

Activity: 503

Merit: 102

Quote from: milewilda on March 19, 2018, 03:03:26 PM

Quote from: BoXXoB on March 18, 2018, 03:36:44 PM

Quote from: Black_bl on March 18, 2018, 03:20:29 PM

Hey players,
I was looking for opportunity between casinos and found two crypto project which claim that have 0% fees on games, named zeroedge and edgeless. Do you have any experience with them? I asked in their telegram groups, how their concept works, they answered me that their concept is based on their own cryptocurrency, that will grow with number of players and also that not every game will be with 0% fees. I still don't know if it's enough, maybe blockchain will spare some money, on the other hand, they should have big reserve to be able to run. What do you think, will these project successful?

They are on-chain games right? There will be transaction fees here and there. Also hasn't seemed like these games have been hugely active. Maybe it is due to transaction costs with every action. I personally don't think on-chain games right now are worth the effort. The technology isn't ready yet.

I tried to check Edgeless out and registration required some form of documents right away. Closed the site right away Cheesy

EDIT: Also regarding 0% edge I don't think it's very sustainable.

Even just talking about that 0% i do already have the negative views on it which same as you said it wont really be sustainable and sooner or later they would really impose edge because this is one of the things where a gambling site would able to make money.How they would sustain if they cant earn and mentioning about on-chain games then fees and more fees is already expected and most gamblers or players wont really like this which its normal to see on how the interest is very low when it comes to this matter.

You're right mate, there should be something, what will generate profit. In the case of poker, there is a lot of room, because the typical rake is from 3,5 - 5 %, other kinds of games like slots probably have huge commissions also. Of course, there is a need to have a fast and good scalable network with minimal fees or in the best case with zero fees

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: BoXXoB on March 18, 2018, 03:36:44 PM

Quote from: Black_bl on March 18, 2018, 03:20:29 PM

Hey players,
I was looking for opportunity between casinos and found two crypto project which claim that have 0% fees on games, named zeroedge and edgeless. Do you have any experience with them? I asked in their telegram groups, how their concept works, they answered me that their concept is based on their own cryptocurrency, that will grow with number of players and also that not every game will be with 0% fees. I still don't know if it's enough, maybe blockchain will spare some money, on the other hand, they should have big reserve to be able to run. What do you think, will these project successful?

They are on-chain games right? There will be transaction fees here and there. Also hasn't seemed like these games have been hugely active. Maybe it is due to transaction costs with every action. I personally don't think on-chain games right now are worth the effort. The technology isn't ready yet.

I tried to check Edgeless out and registration required some form of documents right away. Closed the site right away Cheesy

EDIT: Also regarding 0% edge I don't think it's very sustainable.

Even just talking about that 0% i do already have the negative views on it which same as you said it wont really be sustainable and sooner or later they would really impose edge because this is one of the things where a gambling site would able to make money.How they would sustain if they cant earn and mentioning about on-chain games then fees and more fees is already expected and most gamblers or players wont really like this which its normal to see on how the interest is very low when it comes to this matter.

Vitolife

newbie

Activity: 64

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Quote from: leea-1334 on March 19, 2018, 07:29:35 AM

0% edge can work as a model but not without the rakes and commissions,,, zero everything in your title is simply not possible as a business model, unless you strictly run poker competitions, and earn from advertising, sponsorship and fees (but nobody likes to pay fees, they do not mind commissions or rake though).

Also, as user above posts, if it is on-chain, you pay miner fees. If the tokens like Edgeless are cheap, players do not feel the pinch, but nobody likes to pay extra costs every hand they play.

After checking the whitepaper, I believe it has very good potential, their business model is based on the token value growth as they attract more users to the platform. I do mind paying the commissions or rake and also casinos can use house edge. With Zeroedge token all would be based on smart contracts so the casino owners cannot maniplate it. his project all would be based on smart contracts so the casino owners cannot maniplate it.

kmxl45

member

Activity: 112

Merit: 10

Quote from: Beroximos on March 19, 2018, 05:55:29 AM

Their concept looks very well. I think this could have a success and attract a lot of players and investors as well.

I like this concept too. 0% edge is possible if they will have a stabile income of new players and tokens price will increase. The first problem will be that people need to understand this is possible, after it they will be one of the best. Nobody wants to pay extra fees and everybody wants to fair chance beat the casino.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

0% edge can work as a model but not without the rakes and commissions,,, zero everything in your title is simply not possible as a business model, unless you strictly run poker competitions, and earn from advertising, sponsorship and fees (but nobody likes to pay fees, they do not mind commissions or rake though).

Also, as user above posts, if it is on-chain, you pay miner fees. If the tokens like Edgeless are cheap, players do not feel the pinch, but nobody likes to pay extra costs every hand they play.

Beroximos

newbie

Activity: 96

Merit: 0

Their concept looks very well. I think this could have a success and attract a lot of players and investors as well.

Topic: 0% house edge, rake and comission - page 3. (Read 2263 times)