crash game some new ideas - page 3. | Bitcointalksearch.org

Saisher

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Quote from: Flexystar on May 07, 2022, 06:45:48 AM

There is no way the secrets gonna be out just like that. House edge is defined by every casino as per their strategies. Remember that, whether it’s crash or slot or any other game the casino works as business model which takes up more than 97% RTP. Otherwise casino’s would drain up their deposits in no time. Imagine those thousands of bets being played on casino at any real time and if immediately everyone started to win on every bet then done, casinos closed. So just try your luck, enjoy the different games and don’t make it habit of earning money from casino.

That's wishful thinking, people should be realistic when playing a good gambler should not exceed his expectation, if he wins in a day that does not mean that he can do it over and over again, it's a luck-based game you cannot be lucky every time you sit there, casinos are not created to make money your investment here is your time and not your money if you're not enjoying anymore better stop playing.

Flexystar

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There is no way the secrets gonna be out just like that. House edge is defined by every casino as per their strategies. Remember that, whether it’s crash or slot or any other game the casino works as business model which takes up more than 97% RTP. Otherwise casino’s would drain up their deposits in no time. Imagine those thousands of bets being played on casino at any real time and if immediately everyone started to win on every bet then done, casinos closed. So just try your luck, enjoy the different games and don’t make it habit of earning money from casino.

joeperry

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Quote from: Kakmakr on May 07, 2022, 03:33:02 AM

How will you generate an income to host the site? Will the site be plastered with advertisements to get an income to run the site... or are you going to work on donations or tips?

I think he is thinking about the players donation and tips which I think wouldn't work I think what he is thinking is charity, giving away money and not a business. If you are a gambling site owner you wouldn't consider having a 0% house edge as you are just wasting time and money and only rely on donations and tips from players.

jossiel

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Quote from: seagullx on May 06, 2022, 08:22:40 AM

Quote from: jossiel on May 06, 2022, 08:10:46 AM

Go for a 0% house edge and you'll eventually be going to adjust to a likelihood of 0.1%.

A casino is a business and as an owner, you'll have to take a share from the operation that you'll do unless you want to run a charity out of it. Taking a percentage from the winner's profit on top of the house edge, you'll just push customers away.

So, you think 0%edge and take winner’s profit is not good idea, even its more fair and cheap fees than 1%~2.5%edge

Yes, it's not a good idea.

If it's quite new to the player, he would be better if it's about the edge and there's no cutting out from the winner's money. It depends on the numbers though.

Whichever is lesser for you to take, well I guess that's where the players would be favorable for the fees.

Kakmakr

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Now explain the ZERO percentage house edge to me please.... because with a ZERO percent house edge, you will effectively get all your money back and you as the host of the game will get zero percent profit to pay for your overheads to run the site?

How will you generate an income to host the site? Will the site be plastered with advertisements to get an income to run the site... or are you going to work on donations or tips?

FatFork

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Quote from: seagullx on May 06, 2022, 11:26:26 PM

In ten mins , if you bet100 usd * 100times your wagers is 10000 usd ,its means you had pay 10000*1%=100 usd to casino whatever you win or not,right?

Wrong. This is not how the house edge works. The house doesn't take a 1 percent or 2 percent or 10 percent cut of every game. The house edge simply means that casinos have a mathematical advantage over the players in any given game.

Roulette might be the easiest way to explain this. Have you ever played Roulette in a casino?
On a standard Roulette wheel, there are 36 number pockets, of which half are black and half red. So, if you bet on red, you should have an equal chance of winning or losing, right? Here's where the house edge comes into play since the wheel has an extra pocket, "0", marked in green. This means that there is always a 1/37 chance that the ball will land on that pocket, and that neither "black" nor "red" will win. In other words, using the house edge math, we can calculate the edge as 1/37 = 0.027 or 2.7%.
American style roulette has two additional pockets, "0" and "00", so the house edge there is even higher and we can calculate it as 2 x (1/38) = 0.0526 or 5.26%.

So it doesn't matter how you think the casino should take their profits, the fact is that all casino games have a house edge that can be calculated based on odds and potential winnings. It's just basic math.

seagullx

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Quote from: khaled0111 on May 06, 2022, 01:01:53 PM

I am not sure I correctly understood your idea but isn't the fee you are going to charge on winnings exactly what the house edge means!

Let's suppose just for the sake of argument that there will be a lonely player and he will play two 10 minutes rounds and the game odds are 50/50 (this is what the numbers will tend towards anyway with more players and more rounds).
Let's also suppose he will bet a total of $100 on each round. Since the odds of winning are 50/50 then it's safe to assume he will lose it all on one round (-$100) and double it on the other round on which you will charge him a 5% fee (+$95).
By the end, the player ended up with - 5$ loss and the casino with +$5 profit on a total bet of $200. So, on the long run the casino profit is 2.5% from all rounds.

This is what your house edge is: fee/2

Yes ,sir , you calculate the total bet * 5%fee ,its right , but the point is time.
In ten mins , if you bet100 usd * 100times your wagers is 10000 usd ,its means you had pay 10000*1%=100 usd to casino whatever you win or not,right?
But if this casino just take your profits* 5% in ten mins when you win ,the wagers doesn’t matter,which one is better to players?
so i think ,its should be different between them!

Falconer

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I haven't come across a casino with 0% HE, but has it existed before?
As far as I know, HE is the casino's way of profiting from the gamblers where the bigger the percentage of HE, the greater the chance of profit the casino gets from the losing gamblers. But every gambler of course has their own choice about the percentage of HE they prefer, maybe the smaller the percentage the better to consider.

Crash game is an easy and fun game but has let me down on several occasions with a losing streak. hahaha

lionheart78

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Quote from: FatFork on May 06, 2022, 01:51:35 PM

You don't seem to understand what "house edge" actually means. Suppose the house edge is really zero, and you play a game with an equal chance of winning or losing, such as tossing a coin. That would mean that every player would have a 50% chance of winning. Hence, half the players would lose in the long run, and half would win. In that case, where would the casino make their profits?

I think OP knows what house edge is but he wanted to get the most by pointing out ideas and making us support them. Actually it is beneficial from a player's point but at the same time devastating to the casino owner. If I were a Casino owner, I will trash the idea and just proceeds with what is the norm in the crash game industry. In neutrality, it is very interesting if the Casino really implements the OP's suggestion.

seoincorporation

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Casinos have a house edge because is the way to make business with gambling. If you have a house edge of 0% that means the casino will not win in the long run. For each $1,000,000 wagered the site would earn 0%. And that way the operational cost (servers, bankroll, and license) should come from the owner pocket.

serjent05

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Quote from: seagullx on May 06, 2022, 03:15:41 AM

Quote from: dothebeats on May 06, 2022, 03:08:14 AM

Two things: casino will go bust or casino will die due to lack of players. Why take a share of the winnings of the players if you already have some house-edge setup? Your casino operators are not the government to tax players of their gains lol. They shouldn't be collecting a share of the players' wins just to make some profit. A very bad business model I should say. The casino will go bust very easily and the players will not be attracted to play at all.

I have said , the house-edge could change to zero!
To me, i would rather to play crash for 10 minutes everyday , whatever win or Lose.
So if i bet 100usd every time , its mean i pay 1usd to casino,
But i know i just want to play 10mins , could i play a real 0 edge fair game ?
If i win , i like to pay 1%-5% profits to casino as the service fee or just tips?

Sadly you are not the only player in the Casino, taking your idea into consideration, you pay 1 USD, but you win 99 USD, do you think a Casino will survive given that player pay ratio? Aside from that, there are many players who bet and win more than $100 while you pay $1 to the casino. In the end, you wanted a Casino to bear losses while you rake profits from them.

FatFork

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Quote from: seagullx on May 06, 2022, 08:22:40 AM

Quote from: jossiel on May 06, 2022, 08:10:46 AM

Go for a 0% house edge and you'll eventually be going to adjust to a likelihood of 0.1%.

A casino is a business and as an owner, you'll have to take a share from the operation that you'll do unless you want to run a charity out of it. Taking a percentage from the winner's profit on top of the house edge, you'll just push customers away.

So, you think 0%edge and take winner’s profit is not good idea, even its more fair and cheap fees than 1%~2.5%edge

You don't seem to understand what "house edge" actually means. Suppose the house edge is really zero, and you play a game with an equal chance of winning or losing, such as tossing a coin. That would mean that every player would have a 50% chance of winning. Hence, half the players would lose in the long run, and half would win. In that case, where would the casino make their profits?

Fivestar4everMVP

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Quote from: perla on May 06, 2022, 03:32:39 AM

I don't think that's how casino works, usually it would works on their favor and not on the players so don't expect it to happen since it is business and they wouldn't risk that kind of thing for you so it is either you get used to it or don't play on those gambling sites at all.

Totally agree with you, even outside gambling, business claim to put their customers first only because they want more customers, they treat their customers nicely because they want that customer to keep bring money to them and also bring more customers.
But when it comes to money, we all know that every businesses puts their pocket first.

So also it is with casinos, casinos love their customers but their business is first, they are in business to make profit on the money and time they've invested to put up the Casino, this is why majority of customers loss and only a few lucky ones win, this is because if they make their games easy to win, and all the customers win the game, they probably will not be able to pay every one and they gonna go bankrupt.

fiulpro

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You cannot manually auto-change the house edge because it's set by the website by itself and it's different for a lot of other games. What you can do is manually cash out! Change your bet on a particular crash round and at the same time if you are not satisfied you can very easily check other sites as well whose gaming could be more profitable for you with a better RTP. For me I love crash games but there are few sites on where it would continually crash at 0 which is quite annoying but for some if you go slow and steady , you can make quite the profit. I don't really trust the game a lot now, seems like it's all hooked up to make us loose. That gets us to ur second point 'controlling the game' it must be actually 'fair'

khaled0111

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I am not sure I correctly understood your idea but isn't the fee you are going to charge on winnings exactly what the house edge means!

Let's suppose just for the sake of argument that there will be a lonely player and he will play two 10 minutes rounds and the game odds are 50/50 (this is what the numbers will tend towards anyway with more players and more rounds).
Let's also suppose he will bet a total of $100 on each round. Since the odds of winning are 50/50 then it's safe to assume he will lose it all on one round (-$100) and double it on the other round on which you will charge him a 5% fee (+$95).
By the end, the player ended up with - 5$ loss and the casino with +$5 profit on a total bet of $200. So, on the long run the casino profit is 2.5% from all rounds.

This is what your house edge is: fee/2

nakamura12

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Quote from: seagullx on May 06, 2022, 08:22:40 AM

So, you think 0%edge and take winner’s profit is not good idea, even its more fair and cheap fees than 1%~2.5%edge

If a casino or a gambling site have that kind of house edge then that site would surely go bust and die. House edge is what the site's profit will be and the amount that the gamblers lose will be keep safe by them and use it to pay those who want to withdraw their winnings and those who deposited less but won bigtime. Can you provide the funds yourself for your crew or staffs alone if you don't take 1% as a house edge?. 1% is low enough unlike other gambling sites where house edge is not %1 at all.

seagullx

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Quote from: AbuBhakar on May 06, 2022, 09:00:28 AM

Quote from: seagullx on May 06, 2022, 04:02:52 AM

Everything is possible !
To casino , everybody knows the biggest problem is new players, why? Because they make too much money!

If i creat a new online gambling website , i will do it !

If you manage to create a casino that doesn't charge house edge and has a rules in favor with players, Feel free to notify us so that we can support you and share us your money. I knew some project casino before that offer 0% house edge. I think it's edgeless, I don't know what happened to them since it's way back 2017 to 2018 but as you can see, They are not popular anymore and probably dead despite they offer what you suggest.

That’s bad news.
Maybe online casino could provider different way to make players money!
I just want discuss the idea with smart guys ,because I’m a stupid boy!

AicecreaME

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Casinos are made as a business, to earn money, not to financially adjust their rules just to attract players that can't afford 1% house edge. No offense but, gambling platforms never force anyone to play on their sites, so I don't think it is possible to make their house edge zero unless they are willing to be bankrupt. That's why wealthy people are the only one who are mostly seen in online casinos even in physical casinos because they can afford to lose money without blaming the casino for their addiction or losing of money.

AbuBhakar

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Quote from: seagullx on May 06, 2022, 04:02:52 AM

Everything is possible !
To casino , everybody knows the biggest problem is new players, why? Because they make too much money!

If i creat a new online gambling website , i will do it !

If you manage to create a casino that doesn't charge house edge and has a rules in favor with players, Feel free to notify us so that we can support you and share us your money. I knew some project casino before that offer 0% house edge. I think it's edgeless, I don't know what happened to them since it's way back 2017 to 2018 but as you can see, They are not popular anymore and probably dead despite they offer what you suggest.

seagullx

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Quote from: jossiel on May 06, 2022, 08:10:46 AM

Go for a 0% house edge and you'll eventually be going to adjust to a likelihood of 0.1%.

A casino is a business and as an owner, you'll have to take a share from the operation that you'll do unless you want to run a charity out of it. Taking a percentage from the winner's profit on top of the house edge, you'll just push customers away.

So, you think 0%edge and take winner’s profit is not good idea, even its more fair and cheap fees than 1%~2.5%edge

Topic: crash game some new ideas - page 3. (Read 574 times)