Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️ - page 363. (Read 391229 times)

a very interesting concept for casino games with 0% edge and full transparency
i need to wait when crowdsale is ready

I say somehow this idea helpful or not but I think I also would like to see something that is open to see it to get ESCROW or use a third-party trading sites to support the ICO edgeless

Yet no support for your stupid scam idea.

Surprised?

Frank Lefty Rosenthal Signing Out.

Every day new article, what a great week!
Here is one more:
https://casinosites.com.au/online-casino-promises-zero-house-edge-future-9404/

A Medium blog that you make is not considered publicity.

Frank Lefty Rosenthal Signing Out.

Some more publicity from our side:

http://playslots4realmoney.com/2017/01/10/decentralised-edgeless-casino/
https://www.youtube.com/watch?v=fGMR7g59lqk

Also, if someone is still wondering about 0% house edge and how we will make money, here is the explanation about everything in our medium post:

https://medium.com/@Edgeless/0-house-edge-perfect-marketing-strategy-b76fa3bbe9a3#.ig2cs5h2q

Obviously so otherwise thees noob devs wouldn't be making so many scam ico's. Even if it was straight up and not a scam their business plan with a 0% house edge and a plan to make the bankroll from sports betting is flawed at every angle.

Frank Lefty Rosenthal Signing Out.

We have been covered by casino.org:
https://www.casino.org/news/casino-no-house-edge-aims-future-online-gaming

Not even in the short term. You would just become a big loser because its you and your 0% edge vs the world.

Frank Lefty Rosenthal Signing Out.

If you have 0% edge, you will not earn profits in the long term, you may be busted because of 0% house edge

Too many ico scams. Sounds like easy money and so many want to try. They use nice graphics, complicated "bonus" and kickbacks, to cheat "investor" into it. Lol.

Ha Ha! The dev ran away. We scared him off. Good job team!

Frank Lefty Rosenthal Signing Out.

You cant make money with 0% house edge. Its impossible! You might have a good week if a whale loses a lot but over the long run you'll lose, and lose bigtime. This ico is a disgrace to casino gaming.

Frank Lefty Rosenthal signing out.

This article was written by a well-respected journalist, who also writes for Forbes and has an interest in cryptocurrencies: http://www.forbes.com/sites/laura-inamedinova/2015/12/30/cryptocurrency-is-the-future-of-lithuanias-economy/


Thank you for your support!


Payouts to payout distributing ethereum-based smart contract will be sent in 30 day cycle, after profit is sent to contract, user can cashout anytime he wants within the cycle. It will not be a one-time yearly payment, but each month.
Regarding house edge, it was already explained a little bit above.

I read basically what devs said, have 0 clue on whether a 0% Edge casino works well but i gotta agree on what he said.

An average player does not play ‘the perfect game’ therefore, in the long run the casino makes a profit from his mistakes.

But of course, with 0% Edge, there we have another question.


To : Dev
What if you've met statistician or any probability professionals, how are the casino going to survive in the long run?

I mean, they have good emotions, they know probably the chances whether to hit or not, and so


Thanks!

Scam after scam after scam.  This ICO bullshit is ridiculous.  Are there that many idiots willing to kiss their btc goodbye?
Obvious scam.

reserve me for indian translation(hindi)

Casino profits and 0% (0.83% in practise) house edge concept.

There are several ways how Edgeless Casino can be profitable. Edgeless Casino provides games which depend on LUCK+SKILL and Sports Betting.

The first two games provided will be Blackjack and Video Poker. Both games are played with a combination of LUCK and SKILL. That means players make choices and either play well or poorly. To give an example of such a situation:

Blackjack:
House has a 6 card.
The player has 16.
The player wants to collect at least 17 and hits for one more card. - BAD MISTAKE.
The player just made a huge error, because, 12+ against 6 ALWAYS STAYS. (according to Blackjack basic strategy)

An average player does not play ‘the perfect game’ therefore, in the long run the casino makes a profit from his mistakes.

An analogy can be taken from poker. A new player is playing against a Pro. Both have equal probability conditions - 50% vs. 50%. However, the Pro player makes better choices and the new player makes bad decisions, and in the long run, the Pro wins.

Look at this EXTENSIVE RESEARCH  from players’ mistakes in Blackjack - on average they give away an 0.83% edge to the casino. https://wizardofodds.com/image/ask-the-wizard/how-poor-are-bj-players.pdf

And that's exactly what the casino will earn - 0.83% which is the same as playing dice with an 0.83% house edge

The second stream of profit comes from sports betting. Sports Betting connects bettors against each other, charging vig / juice / rake from each side for their bets. In this area, the casino will earn 4% from all money wagered. An analogy can again be taken from poker. Imagine two players are betting 10$ against each other and the rake is 1%. So, they are actually betting 9.90$ and winner gets 19.80$.

More information on how sports betting is making money: http://www.biasharainsight.com/2016/01/how-do-sport-betting-sites-make-money/

To sum up - the first stream of profits is from games of luck+skill. The second stream of profits is from Edgeless casino with 0% edge games and is a very strong marketing channel for attracting players to Edgeless Casino. Gamblers can enjoy fair betting conditions, and a good percentage of visitors will do Sports Betting which generates 4% returns to the Casino.

The concept has not literally come out of the blue - discussions on zero edge casinos are already occurring in the community.

https://www.bitedge.co/blog/0-house-edge-provably-fair-and-trustless-gambling/

https://www.reddit.com/r/BitcoinGambling/comments/36z3wi/which_is_the_lowest_house_edge_fair_bitcoin_casino/

p.s added this question to FAQ, announcement post.

Already dead? That was fast, not surprising though with an amateur at the wheel.

Frank Lefty Rosenthal signing out.

15% roi a year is not so good. Hav eyou seen what return other casinos give ? even 1.5% a month is better then this.
But it is a nice coin and good idea so I do help you come out on top and have everything ready for us soon. Also how can you make money with no house edge ?