Never knew this is a thing with casinos - RNG Certification
https://certifiedfairgambling.com/services/rng-certification/
Topic: ---🌟🌟🌟 EDGELESS CASINO 🌟🌟🌟--- 0% House Edge, Full transparency | Try beta! (Read 1821 times)
July 08, 2017, 05:20:33 PM
July 04, 2017, 10:39:01 PM
There is edg update what may answer on many of your question
https://medium.com/@tomasdraksas/dev-update-4-key-milestones-and-launch-308649a2944d
https://medium.com/@tomasdraksas/dev-update-4-key-milestones-and-launch-308649a2944d
Regarding
Casino license and RNG certification - 25% finished
I really wonder how they will proceed with this so its actually effective. Is it even possible to get a legit Crypto casino license? So many other sites have tried and nothing can make Bitcoin gambling legal in places like the USA.
It is possible. But I have more concerns about this: RNG certification. Because the only RNG i really believe is mathematically provably fair based bets. And as it looks like they will use some regular 'RNG'.
July 04, 2017, 01:28:23 PM
There is edg update what may answer on many of your question
https://medium.com/@tomasdraksas/dev-update-4-key-milestones-and-launch-308649a2944d
https://medium.com/@tomasdraksas/dev-update-4-key-milestones-and-launch-308649a2944d
Regarding
Casino license and RNG certification - 25% finished
I really wonder how they will proceed with this so its actually effective. Is it even possible to get a legit Crypto casino license? So many other sites have tried and nothing can make Bitcoin gambling legal in places like the USA.
July 04, 2017, 12:55:17 PM
There is edg update what may answer on many of your question
https://medium.com/@tomasdraksas/dev-update-4-key-milestones-and-launch-308649a2944d
https://medium.com/@tomasdraksas/dev-update-4-key-milestones-and-launch-308649a2944d
July 03, 2017, 03:39:23 AM
I think alot of the EDGELESS success is that it was promoted heavily and also there was alot of interest of it in the Reddit Ethereum community. That ETH reddit probably has more traffic at times than all of Bitcointalk combined, hence why it got such interest and success.
Right now its hard to say how it will turn out. Basically all these ICO and such are still brand new, ETH is even brand new and we can't determine how they will perform in the real-world in the next 5 or 10 years or so.
Right now its hard to say how it will turn out. Basically all these ICO and such are still brand new, ETH is even brand new and we can't determine how they will perform in the real-world in the next 5 or 10 years or so.
July 03, 2017, 02:38:01 AM
Edgeless casino... sounds something interesting but also unbelievable. How are you guys supposed to make profit?
We have all the answers like that answered in our White Paper
-> https://github.com/EdgelessCasino/White_paper/blob/master/White_Paper.pdfMany people may not be having so much time to go through the full white paper. It will be helpful if you answer those very specific questions then easy and fast to understand. Because 0% house edge very interesting but also want to know how you guys make a profit out of it?
Ok, so profit come from:
1. From the players’ imperfect play.
Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered.
2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered.
So, even with 0% of House Edge we could make money but give the equality.
I can agree your sportbetting concept here because it is based on PvP so I think it only cost some fee per game so you might be profit from this. But for imperfect play? What does it really mean here? How can people make an imperfect play here and as I know here every blackjack games will be the same because they sure have huge house edge to get profit from players. And how do players make mistake here? I do not think that players intentionally make any misyake during games
Internet is full of charts how to play a perfect blackjack. Like this one: https://wizardofodds.com/blackjack/images/bj_4d_h17.gif
But the problem is that will make you playing like a bot and it's getting boring and more boring.
Imperfect play mean when your chart is saying for example to hit, but you've decided to stand. This makes the profit of Edgeless. And there aren't many players who will strictly follow the charts. So they will not bankrupt
I do not think that it is really good way just to follow some chart. And that is not a perfect chart as I can say because there is house edge so you might somehow lost in the condition like you mentioned on the list. It is not as always win just by following the list there.
Btw how can you so sure if we follow that list we will be profit for sure? There is no guarantee that we will always get our profit right?
June 30, 2017, 06:49:36 PM
Edgeless casino... sounds something interesting but also unbelievable. How are you guys supposed to make profit?
We have all the answers like that answered in our White Paper :) -> https://github.com/EdgelessCasino/White_paper/blob/master/White_Paper.pdf
Many people may not be having so much time to go through the full white paper. It will be helpful if you answer those very specific questions then easy and fast to understand. Because 0% house edge very interesting but also want to know how you guys make a profit out of it?
Ok, so profit come from:
1. From the players’ imperfect play.
Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered.
2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered.
So, even with 0% of House Edge we could make money but give the equality.
I can agree your sportbetting concept here because it is based on PvP so I think it only cost some fee per game so you might be profit from this. But for imperfect play? What does it really mean here? How can people make an imperfect play here and as I know here every blackjack games will be the same because they sure have huge house edge to get profit from players. And how do players make mistake here? I do not think that players intentionally make any misyake during games
Internet is full of charts how to play a perfect blackjack. Like this one: https://wizardofodds.com/blackjack/images/bj_4d_h17.gif
But the problem is that will make you playing like a bot and it's getting boring and more boring.
Imperfect play mean when your chart is saying for example to hit, but you've decided to stand. This makes the profit of Edgeless. And there aren't many players who will strictly follow the charts. So they will not bankrupt :)
June 30, 2017, 04:55:03 PM
How much do you think the average gross monthly income will be? I know for a fact Bitcoin gambling casinos are making a killing, especially during this bull run.
Let them start functioning properly and then we can access the average gross income,it is one of the successful projects recently and a edgeless casino will attract many people without a doubt,more the people coming and playing with them,more the profit they are going to make. and what is more important is the privacy factor as they promise full anonymity. June 30, 2017, 04:00:34 PM
So, is this edgeless casino provability fair and the odds confirmed to be 0.
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
profit come from:
1. From the players’ imperfect play.
Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered.
2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered.
How much do you think the average gross monthly income will be? I know for a fact Bitcoin gambling casinos are making a killing, especially during this bull run.
June 30, 2017, 03:28:17 PM
Really cool to see a new platform coming out and that too after a successful public offer,i like the transparency part and the zero percent house edge,when can we expect the launch and we have a gambling site dedicated to ETH,can we expect you to add more coins at a later stage.
June 30, 2017, 11:26:18 AM
Guys, are you planning on a alternative solution to Ethereum fees? The fees right now are crazy for blackjack beta and given its blockchain was not stable during the latest ICOs, perhaps you should at least have a back up plan incase thing go wrong.
I would also like to know the exact dates of launch.
I would also like to know the exact dates of launch.
June 30, 2017, 08:49:34 AM
I am not sure how the casino is going to earn with a 0% house edge since there is no advantage against the players, but I guess in order to compete with other bigger gambling sites that was launched way more earlier, some casino might have to offer something different in order to attract customers to gamble at their site, and a casino with 0% house edge does looks interesting
June 30, 2017, 08:34:57 AM
Congratulations on the success so far.
Can you point me to the public contract that's being used power the game engine?
Can you point me to the public contract that's being used power the game engine?
June 30, 2017, 02:42:40 AM
So, is this edgeless casino provability fair and the odds confirmed to be 0.
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
profit come from:
1. From the players’ imperfect play.
Blackjack and Video Poker are games of skill and luck. If players make perfect decisions, they will reach a 0% edge. n average, however, a player makes mistakes, so it will give a -0.83% edge to the casino and this 0.83% will be earned from the money wagered.
2. Sports Betting is about connecting players who are betting against each other and taking the facilitation fee to manage the process. The fee depends on the game types, the number of participants, bonuses and more. It is dynamic, floating in the range of 0% - 10%. Approximately 4% is earned from the money wagered.
June 29, 2017, 11:31:03 AM
So, is this edgeless casino provability fair and the odds confirmed to be 0.
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
You can try their beta version to find out this yourself, yes it is provably fair. Odds confirmed to be 0 A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
Actually edgeless have collected really nice amount of funds during their ICO and I think that can easily cover all its operational cost.
June 29, 2017, 11:06:42 AM
So, is this edgeless casino provability fair and the odds confirmed to be 0.
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
A side question, How are the site's operational costs paid? if there's no edge, any fees on bet/withdrawal/deposit? Or is the website gambling with the player?
June 29, 2017, 05:17:21 AM
We will be using the client’s seed and our own seed to generate randomness. The main difference with Bitcoin Casinos will be that users will know our hashed (SHA512) seed before betting and before generating their own client seeds. Because of that there is no way for us to alter the results.
This is the key element if one is to believe that there's zero edge.
June 28, 2017, 09:18:11 PM
Wow! Finally its getting launched. Been waiting for this a long time.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
time will tell if this EDGE-LESS will work or not! but one of the main issues is the honesty of the providers! sure the edge-less is awesome but if the Devs decide to grab n go then EDGE-LESS becomes Pointless! lets hope all goes well and things dont end up as usual !
June 28, 2017, 08:53:13 PM
Wow! Finally its getting launched. Been waiting for this a long time.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
time will tell if this EDGE-LESS will work or not! but one of the main issues is the honesty of the providers! sure the edge-less is awesome but if the Devs decide to grab n go then EDGE-LESS becomes Pointless! lets hope all goes well and things dont end up as usual !
June 28, 2017, 06:04:12 PM
Wow! Finally its getting launched. Been waiting for this a long time.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
If this succeeds then I guess there will be a new term to "Fair online gambling". No more having to worry about if a casino actually is provably fair or getting your funds locked on someone's website.
Jump to: