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Topic: Do you like 0% house edge casino games? - page 2. (Read 1816 times)

legendary
Activity: 1344
Merit: 1251
March 17, 2017, 12:07:50 PM
#73
Huh, ok I would clearly advise you to never play on a site with 0% house edge...

Let's be clear, if there is 0%... You gonna get screwed. A casino will NOT risk money with 0% house edge. It means either they cheat or they will leave with the invested money...
What is... understandable is the short periods of 0% house edge, because it's a promotion event.
But anything regular is pure trap.
legendary
Activity: 1862
Merit: 1004
March 17, 2017, 11:35:54 AM
#72
It's not that gamblers are bad at gambling. No one is bad at gambling, everybody has the same luck as the other guy next to him. It's just that the casinos win over time due to the fact that statistically they are playing against so much players and they have really bigger bank roll than the gamblers themselves. So in the long run, casinos will profit even if they don't have house edge.
There are certain games where skill or some reasoning what are you doing will help you win. Prime example: Poker
When you know what you are doing you can achieve much better results in games like Black Jack too, there are set of rules which can help you win.

We will be able to see how this idea of zero house edge casino will unfold itself - there is interesting project developed Edgeless.

copper member
Activity: 1050
Merit: 500
March 17, 2017, 10:25:39 AM
#71
0% house edge can't guarantee you will win, actually luck is main factor for winning. I think this is still a concept and they haven't delivered anything yet, so it will be really exciting to have a first look at their games when they will release them.

One of the similar platform which have successfully completed their ICO was vdice which is truely an ethereum smart contract based dice site.
You are right but betting on a no edge casino means you are then just like gambling without any advantage to the casino and hence much easier to win and actually easy to apply martingale strategies.
Though 1% does not make sure that we would only win but it would certainly increase the chances of winning though the chances of site scamming with zero edge is high too.

If we bet at a 0 edge house, this means all are fair, no advantage from the house.  This means we have more chance of winning than betting in a Casino with x% house edge.  I don't know if I got you wrong but it seems you are referring the house edge as the players advantage, which is actually the opposite.  And there is no Casino house that gives an edge to the player.  I have not seen any reverse edge Casino Site.
legendary
Activity: 1288
Merit: 1036
March 17, 2017, 10:16:08 AM
#70
0% house edge can't guarantee you will win, actually luck is main factor for winning. I think this is still a concept and they haven't delivered anything yet, so it will be really exciting to have a first look at their games when they will release them.

One of the similar platform which have successfully completed their ICO was vdice which is truely an ethereum smart contract based dice site.
You are right but betting on a no edge casino means you are then just like gambling without any advantage to the casino and hence much easier to win and actually easy to apply martingale strategies.
Though 1% does not make sure that we would only win but it would certainly increase the chances of winning though the chances of site scamming with zero edge is high too.
hero member
Activity: 2912
Merit: 556
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March 17, 2017, 09:31:30 AM
#69
Ethereum has been pumped so hard, the largest pump ever I have seen, Edgeless now have more value in fiat, so they can develop more 0% house edge casino games on the Ethereum platform.
But if they don't sell them right now they may loss that value in terms of fiat. Price of ETH had pumped really hard in last few days but there must be some price correction or even a dump in some corner.  Wink

How does 0% edge casino survive because what that means they lose to the players most of the time right?
Usually you see 2-3% house edge but 0% is confusing to players at these casinos that offer this.
0% house edge doesn't mean casino will not make any profit, house edge is there in most of the casino only to guarantee atleast some profit for casino on total wagered amount.



and if the casino is not make any profit, it means its bad news for investor because investor make invest with the house and if the house can not get profit, the investor will run from the site and the site will be broke soon. i think its not good for investor to against the casino in gambling games and its better to be their side in the long term so the investor can make profit too.


0% house edge can't guarantee you will win, actually luck is main factor for winning. I think this is still a concept and they haven't delivered anything yet, so it will be really exciting to have a first look at their games when they will release them.

One of the similar platform which have successfully completed their ICO was vdice which is truely an ethereum smart contract based dice site.

we know that we must have luck in gambling business even if there are any site site with 0% house edge, we still need our luck. but i don't know if in the future, the house is trying to apply 0%.
hero member
Activity: 1470
Merit: 655
March 17, 2017, 09:25:36 AM
#68
0% house edge can't guarantee you will win, actually luck is main factor for winning. I think this is still a concept and they haven't delivered anything yet, so it will be really exciting to have a first look at their games when they will release them.

One of the similar platform which have successfully completed their ICO was vdice which is truely an ethereum smart contract based dice site.

but it can guaranteed that you are not losing anything against the house, this mean that at least your win/loss ratio will stay the same in the long term, which is huge for me as i can remain in game playing and try to retrieve my loss if i had a bad run

no it won't guarantee that.
you can actually try this next time you found some new site or one of the old sites do this as promotion. go there and make a couple of rolls and you will see what i mean. the default setting of dice is on 2x and even with 0% house edge you will be still losing half the time while you were losing half plus a tiny bit more when house edge was 1%
legendary
Activity: 2590
Merit: 1022
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March 17, 2017, 07:08:51 AM
#67
0% house edge can't guarantee you will win, actually luck is main factor for winning. I think this is still a concept and they haven't delivered anything yet, so it will be really exciting to have a first look at their games when they will release them.

One of the similar platform which have successfully completed their ICO was vdice which is truely an ethereum smart contract based dice site.

but it can guaranteed that you are not losing anything against the house, this mean that at least your win/loss ratio will stay the same in the long term, which is huge for me as i can remain in game playing and try to retrieve my loss if i had a bad run
hero member
Activity: 700
Merit: 500
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March 17, 2017, 06:45:31 AM
#66
Ethereum has been pumped so hard, the largest pump ever I have seen, Edgeless now have more value in fiat, so they can develop more 0% house edge casino games on the Ethereum platform.
But if they don't sell them right now they may loss that value in terms of fiat. Price of ETH had pumped really hard in last few days but there must be some price correction or even a dump in some corner.  Wink

How does 0% edge casino survive because what that means they lose to the players most of the time right?
Usually you see 2-3% house edge but 0% is confusing to players at these casinos that offer this.
0% house edge doesn't mean casino will not make any profit, house edge is there in most of the casino only to guarantee atleast some profit for casino on total wagered amount.

hero member
Activity: 609
Merit: 500
March 17, 2017, 04:01:30 AM
#65
Ethereum has been pumped so hard, the largest pump ever I have seen, Edgeless now have more value in fiat, so they can develop more 0% house edge casino games on the Ethereum platform.
hero member
Activity: 1008
Merit: 1012
March 16, 2017, 01:51:20 PM
#64
How does 0% edge casino survive because what that means they lose to the players most of the time right?
Usually you see 2-3% house edge but 0% is confusing to players at these casinos that offer this.
legendary
Activity: 966
Merit: 1006
March 16, 2017, 12:55:11 PM
#63
0% house edge can't guarantee you will win, actually luck is main factor for winning. I think this is still a concept and they haven't delivered anything yet, so it will be really exciting to have a first look at their games when they will release them.

One of the similar platform which have successfully completed their ICO was vdice which is truely an ethereum smart contract based dice site.
hero member
Activity: 896
Merit: 514
March 16, 2017, 11:56:09 AM
#62
I think the site will not survive for long term except they rigged the bet without being notice or the site has massive capital to survive
Player who like 0% HE must re-think before they got scam on the future.
You are right because any casino offering zero or negative edge are likely to scam or something is fishy there. I can understand when a casino offers this as a promotional period but always then surely is something wrong.
Moreover how many of us when gamble 1 bitcoins lose 0.01 only ?

I guess none and that shows that it's not just the edge that makes us loose, rather gambling itself makes us loose no matter how big or small is the edge.

well there are always promotional campaigns any casino can do, but most of the time they are new casinos that want to attract more users and there is nothing wrong or shady about it. i think you already know this part.

but also even if they continue doing it i don't think there is anything wrong with it. the edge is just an "edge" not the only reason house wins. the house always wins because majority of the gamblers are pretty bad at it and on top of that they are also greedy. and greed is simply leading to a guaranteed house win.

It's not that gamblers are bad at gambling. No one is bad at gambling, everybody has the same luck as the other guy next to him. It's just that the casinos win over time due to the fact that statistically they are playing against so much players and they have really bigger bank roll than the gamblers themselves. So in the long run, casinos will profit even if they don't have house edge.
legendary
Activity: 1134
Merit: 1010
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March 16, 2017, 10:24:19 AM
#61
I think the site will not survive for long term except they rigged the bet without being notice or the site has massive capital to survive
Player who like 0% HE must re-think before they got scam on the future.
You are right because any casino offering zero or negative edge are likely to scam or something is fishy there. I can understand when a casino offers this as a promotional period but always then surely is something wrong.
Moreover how many of us when gamble 1 bitcoins lose 0.01 only ?

I guess none and that shows that it's not just the edge that makes us loose, rather gambling itself makes us loose no matter how big or small is the edge.

well there are always promotional campaigns any casino can do, but most of the time they are new casinos that want to attract more users and there is nothing wrong or shady about it. i think you already know this part.

but also even if they continue doing it i don't think there is anything wrong with it. the edge is just an "edge" not the only reason house wins. the house always wins because majority of the gamblers are pretty bad at it and on top of that they are also greedy. and greed is simply leading to a guaranteed house win.
legendary
Activity: 1386
Merit: 1058
March 16, 2017, 08:12:06 AM
#60
I think the site will not survive for long term except they rigged the bet without being notice or the site has massive capital to survive
Player who like 0% HE must re-think before they got scam on the future.
You are right because any casino offering zero or negative edge are likely to scam or something is fishy there. I can understand when a casino offers this as a promotional period but always then surely is something wrong.
Moreover how many of us when gamble 1 bitcoins lose 0.01 only ?

I guess none and that shows that it's not just the edge that makes us loose, rather gambling itself makes us loose no matter how big or small is the edge.
hero member
Activity: 3080
Merit: 603
March 16, 2017, 02:53:49 AM
#59
I personally don't like the idea of 0% house edge, we all know that casino's are business. And if there is no proof for the source of profit such as house edge and they will just rely to the investors money for investing to their ICO and as well as their bankroll. That will not be that productive just like this guy said.


I think the site will not survive for long term except they rigged the bet without being notice or the site has massive capital to survive
Player who like 0% HE must re-think before they got scam on the future.

legendary
Activity: 1232
Merit: 1029
March 16, 2017, 02:44:58 AM
#58
I think the site will not survive for long term except they rigged the bet without being notice or the site has massive capital to survive
Player who like 0% HE must re-think before they got scam on the future.

Yes it sounds fishy , how can you have a 0% house edge? It means something is wrong somewhere and they are up to something especially a long term ripoff which starts with building up trust from the potential players.
I beg to differ because there are so many casinos, a casino may think of this idea and get gamblers on their site, there are two possible things from there on, one is they increase their edge with increasing gamblers or the second is they let the things as it is and I am quote sure that gamblers would still loose.

Gamblers mainly lose because of greed and always winning more and more mentality and not because of house edge. House edge just worsen the case.
legendary
Activity: 1946
Merit: 1137
March 16, 2017, 02:40:45 AM
#57
I don't think a player would notice a difference between a 0% and 1% house edge. It would make a very big difference for the casino owner however.

if you want known difference house edge is big and low house edge
you can try playing dice site in house edge 5%(freebitco) and another dice sit is low house edge, example primedice , bitsler or crypto-games-net
if house edge big you  very dificult can get profit

of course there is a difference but you are comparing the house edge of a gambling site such as bitsler (1%) with another huge house edge of 5% from freebitco and that is a 5x bigger difference! and that my friend is an obvious big difference even without trying.

but in case of 1% versus 0% the difference is not that big or noticeable. again it is obviously better to have 0% for players but that difference is not a life changing amount!
hero member
Activity: 588
Merit: 500
March 16, 2017, 02:18:30 AM
#56
I don't think a player would notice a difference between a 0% and 1% house edge. It would make a very big difference for the casino owner however.

if you want known difference house edge is big and low house edge
you can try playing dice site in house edge 5%(freebitco) and another dice sit is low house edge, example primedice , bitsler or crypto-games-net
if house edge big you  very dificult can get profit
hero member
Activity: 2520
Merit: 568
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March 16, 2017, 12:53:56 AM
#55
If that will be implemented by those reputable casino then I will certainly love it and will keep on using those gambling sites. But with what op had mentioned about edgeless.io casino it is still a brand new and still it has a running ICO. So maybe they are going to use those people that will invest to them as their bankroll for operation with this 0% house edge.

Edgeless actually used the fund raised to their ICO for the bankroll of their Casino since they are new and still developing, See the Ann thread of the edgeless here: https://bitcointalksearch.org/topic/m.18177883 so that you know more about edgeless. And i'm certain that OP created this thread because he was curious about on how 0% house edge casino will work. We can see the result after the ICO and observe what will be the reaction of the gamblers to their fresh Casino style

That's for the link and well that's why edgeless is trying to get more investors for their starting bankroll. Though I don't have an idea for their whole road map isn't that unfair for those investors when the site started to operate if they are going to keep on implementing that 0% house edge? That's I haven't seen reputable sites do this.
hero member
Activity: 1456
Merit: 579
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March 15, 2017, 10:59:23 AM
#54
nobody dislikes 0% house edge that much should be obvious!
but a zero house edge is not going to change that much about the result of your gambling as much as you think it does.
for example if you are a fan of dice and play 2x a lot, with 0% house edge you still have 50% chance of losing!!! so as you can see there is still a very big chance that you lose your money and this is the part that most people miss.
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