Are there any casinos that have a 0% house edge? - page 2.

virasog

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Quote from: Twinkledoe on May 04, 2019, 10:37:53 AM

Have you ever heard of socialbet.io? They are saying to have 0% house edge but I don't know exactly their development phase. But if I am a player, I will doubt an online casino to have 0% house edge. They need to get money from somewhere. And that will be a mystery for us.

They can't have 0% edge else they will be in a loss and they won't have funds to pay people who wins on their site. As far as I know, the minimum house edge is 0.1% and I have not seen anything below this number. Normally the gambling sites offering 1% house edge are considered to be good and anything above 1% is not recommended by the gamblers too.

Twinkledoe

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Have you ever heard of socialbet.io? They are saying to have 0% house edge but I don't know exactly their development phase. But if I am a player, I will doubt an online casino to have 0% house edge. They need to get money from somewhere. And that will be a mystery for us.

adzino

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Casinos are operating and make profit due to their house edge. If casinos had 0% house edge, it would become really hard for them to maintain a profit in the long run. Remember, casinos are not charity sites. They are here for business. But there are some casinos that sometimes host 0% house edge promotion for one whole day. Crypto-games.net has held these kind of promotions before. They might hold one soon Wink

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klaaas

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You wont find those easily, casinos have to earn somewhere but i know crypto-games offers periodically lotto games against 0% house edge.

AjithBtc

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Casinos with 0% edge is really not possible with gambling, every business is focused on profiting. If there is 0% profit then it'll get bankrupt in a short. From my understanding casino as an added service to some other exchange services will make it possible. If there exist such a casino surely it'll reach good number of userbase in a very short time period.

Tipstar

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No casino can provide a 0% house edge forever. The house edge is the profit tool for casinos.
Most of the casino provides around 1% of house edge in most games. There are some casinos providing lower.
999dice is a popular dice site that operates in just 0.1% house edge.

JohnBitCo

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Quote from: shield132 on April 09, 2019, 06:40:12 AM

Don't you want a casino which will give you free money forever? Just to make it clear: 0% house edge means casino has no profit from gambling, 0% house edge hugely increases chanses of your win which means casino will go bankrupt. If casino goes bankrupt, then who will pay you? No one, also don't believe if they say to have different monetization model, 0% house edge ruins everything, non different monetization can handle players' wins.

I am sure that we are not so lucky that we get to see a gambling site where there is 0% house edge. If we ever get such a site, them we all gamblers can become millionaire within no time . Some sites do claim that they are offering 0% house edge but I am sure they are specking false only to being in customers.

goaldigger

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Quote from: Deylandra on April 07, 2019, 03:55:34 PM

Are there any casinos that have a 0% house edge?

If i would be the house or the owner of the casino, i will jot open it if it has to be a no house edge policy. How the hell can i earn with this? Where do i get the expenses of managing it?. I doubt there is an existing site like that and we all know that its really right and normal that the house has some percentage in every game.

carlfebz2

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Quote from: Fredomago on April 09, 2019, 11:21:51 AM

Quote from: TheCoinGrabber on April 08, 2019, 11:58:13 PM

None that I heard of. The house edge is how they make their money after all. Somewhat surprised with the replies here and might look them up.

I suppose it's possible to have 0% for one game that have low payouts and just get the bulk of income from the remaining games.

Following you with that. possible also to do it with one specific games where lots of visitors can bring benefits for the house in terms of monetizations, but it's still a big question whether it can be enough to support facilitating the gambling site, knowing that house edge is the bread and butter of this business.

No it cant sustain! Gambling site would really need to have that HE to get income from to its gamblers and its just a stupid move by them if they would give out that 0% house edge on longer runs.
These are businesses not charities thats why it would be a normal thing that any business will have this edge no matter what, they might offer it but it would be good for 1 day or some number of bets limit to each player or for everyone.

Fredomago

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Quote from: TheCoinGrabber on April 08, 2019, 11:58:13 PM

None that I heard of. The house edge is how they make their money after all. Somewhat surprised with the replies here and might look them up.

I suppose it's possible to have 0% for one game that have low payouts and just get the bulk of income from the remaining games.

Following you with that. possible also to do it with one specific games where lots of visitors can bring benefits for the house in terms of monetizations, but it's still a big question whether it can be enough to support facilitating the gambling site, knowing that house edge is the bread and butter of this business.

dark08

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Quote from: shield132 on April 09, 2019, 06:40:12 AM

Don't you want a casino which will give you free money forever? Just to make it clear: 0% house edge means casino has no profit from gambling, 0% house edge hugely increases chanses of your win which means casino will go bankrupt. If casino goes bankrupt, then who will pay you? No one, also don't believe if they say to have different monetization model, 0% house edge ruins everything, non different monetization can handle players' wins.

This is right buddy no one in online casino will offer a 0% house edge for the favor of their player first gambling site need to earn profit to maintain their services if their offer 0% house edge then thin twice before joining this online casino.

shield132

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Don't you want a casino which will give you free money forever? Just to make it clear: 0% house edge means casino has no profit from gambling, 0% house edge hugely increases chanses of your win which means casino will go bankrupt. If casino goes bankrupt, then who will pay you? No one, also don't believe if they say to have different monetization model, 0% house edge ruins everything, non different monetization can handle players' wins.

richminded

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Quote from: Deylandra on April 07, 2019, 03:55:34 PM

Are there any casinos that have a 0% house edge?

Never heard about those gambling sites but I doubt they can be trusted.
Gambling sites run through this one and if there's no way for them to create profit then it would be hard to run a good gambling site like that. Better to look for a good gambling site and study how you can actually play and make money on that, there's no easy way to find a casinos like this nowadays, this is a pure business of course and they need money as well.

Crypto Girl

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Maybe you can find one but I can assure you that one couldn't be trusted and when you won you won't be able to withdraw your winnings, that will be some risk for not having house edge. Like what do you expect from a site that don't have revenue, definitely you will got what you paid for. < ooppps, you didn't pay any, sorry >>

Zadicar

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Quote from: Deylandra on April 07, 2019, 03:55:34 PM

Are there any casinos that have a 0% house edge?

As of this moment i havent see any gambling sites or casinos that do offer 0% HE.Most of them do really have it yet gambling sites are businesses and no one would really
operates for free on all the expenses that they spent on maintaining the site and their staffs.They do make profits or money with HE thats why its impossible for you to seek it on.
I've seen some of them offer out 0% on a short duration for the sake of promotion but that wont last long.

YuginKadoya

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Wow! OP is persistence to search for gambling sites that have 0% house edge he even made a recent thread if there are sports betting site that also has 0% house edge, https://bitcointalksearch.org/topic/m.50504029

I really don't see much casino or gambling site that offers ZERO house edge you are quite lucky enough to spot a gambling site that offers 1% house edge then I think you are on the right track if you really want to play gambling but my assumption here is if a gambling site would have 0% house edge then assume it also has 0% payment or it will not pay you back because without that earnings then how can they continue their services and earn money from it,

I may have spotted gambling sites that offer a total 0% house edge but that will be in a limited time only, or a promo and it can only be in their 1 game only.

alisafidel58

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It just makes no sense for a casino to have 0% house edge. I believe that socialbet.io have this house edge but I don't think that it will be good for them. It might be good for players to play at a casino that has 0 house edge but be careful you might get scammed by those casinos who offer that.

swogerino

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I doubt there are because what is the point of owning a casino , pay for staff and rent if it is land line when it doesn't bring you any revenue at all ?

The idea behind the house edge is to give the owners a profit in the long run and for the gamblers is that someone will get everybody else lost money and even more and will think how great is that when in fac it is not.

Bitinity

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Quote from: theskillzdatklls on April 07, 2019, 11:52:05 PM

peerbet.org offers a peer to peer 0% house edge i believe for one of their games.

Yes they offers 0% house edge on their raffle game but it is not attractive enough just like other raffle games. I have not seen any success raffle/lottery games except the one on freebitco.in which has so many players every round but indeed they have house edge on it.

adaseb

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Well in the past there were casinos which had 0% house edge. Most of the legit ones did it as a promo, and the scam ones did it to steal bitcoins.

It makes sense that the casino needs a house edge so it can earn an income, however I think even if casinos had 0% house edge they would still earn profit due to fear and greed.

Casinos make crazy profits from newbies who martingale and get 10 losses in a row and clean out their accounts entirely. That's where most of their income comes in, not from the small house edge.

One reason why casinos don't have 0% is due to bots, it would be very annoying because bots which don't trade on greed and emotion would basically flood the bets and the casino wouldn't get anything out of it.

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