Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️ - page 364. (Read 391259 times)

They cant but dont forget about the sports betting.

Frank Lefty Rosenthal signing out.

How can any casino survive in long term with 0% house edge. Maybe there is big confusion into the title of thread.

I agree. Full of errors and the biggest error was coming onto bitcointalk and expecting not to get ripped apart by the real pros who lurk in the darkness.

Frank Lefty Rosenthal signing out.

I love the idea, will be following

They must have spent all their money on that promotion instead of hiring someone to read over their writing. Not only is their business model highly flawed, but their text is full of errors as well. This is clearly a rush job. If you invest in it, you're going to get burned.

Im out of this business for the last 40 years. I did my time little boy and made millions doing it, Im not here to argue with you or prove my point. But the fact remains the same. No money gets made from sports betting for casinos and you proclaiming that that's where you're going to make your money is insightful into the "casinio businessman" you are. I predict a huge failure and massive total losses for anyone who invests here.


Frank Lefty Rosenthal signing out.

You know nothing about what your talking about do ya? You wont make any money on sports betting, no legit casino's do. In fact the lose on the sports gambling quite often, the only people who make money on sports gambling is local bookies who make it on the juice or vig. However you slice it you know nothing about the casino business.
Take it from me everyone, Red flags everywhere and the stench of noob acting pro is strong.

Frank Lefty Rosenthal signing out.

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/

I know a lot about casinos, more then anyone here and I've read your whole post and I can say that without a doubt this is 100% the stupidest ico pitch ever. Be a big man and run a real casino like I have and then maybe you'll understand why your idea is the shitspits.

Frank Lefty Rosenthal signing out.

ICO will be managed by ethereum smart contract - edgeless tokens are sent real time to the same investor's wallet. In case crowdsale's minimum goal is not reached - smart contract transfers investments back to people. (all conditions are defined in the smart contract and after the launch we will not be able to change it nor influence it)

L.I.R anyone? :/

will be watching, unfortunately due to the holiday season i wont be touching anymore ICO's this year, :/

bring back mining!, haha, i swear this is the only place people sell ideas ;p


good luck!

Just curious how much you spent on that huffington post article?

The author states she does 'PR' work - which basically means 'paid advertising' - and has a total of three articles published:

One is a generic facebook-esque list on how to become motivated, one is attempting to sell....smart...surge protectors....and one is an edgeless promotion.

Only trying to shed some light on what seems to be this month's MSM buzzword: 'fake news' 

whats different between vdice? but anyway ,its a nice project if keep going.

The first game is blackjack.  Let's play.

Dealer upcard is an 8

You have a K 6 = 16

Your move now.

Are you really going to hit that 16?  (Only a 5,4,3, or 2 will improve your hand and not bust.)


*not saying this project makes sense, but that's an answer to you question.*

Lol 0% edge...
Then the white paper states that imperfect play and mistakes gives the house an edge...
This is just retarded.
There is no such thing as perfect play when gambling!
And mistakes? Really? What would be considered a player mistake?
Please provide 1 simple situation where a player mistake or imperfect play is guaranteed to give the casino an edge.
I doubt this site will even make it into 2018... lol 0% edge... with 15% Apr..
Good luck. Doa

maybe the games platform will be available
after the ico is end. I also a little bit confusing how to pay shareholder if still not have games platform.

You need to use escrow from trust member in btc talk. How you can pay shareholder if you dont have games platform?

It's looks like the same Idea of vDice or at least is very similar, I hope your project have a better fairness check.

where we can play all of this games?

It's laid out quite well in the whitepaper:

1: Player mistakes and imperfect play (casino gets an edge back off imperfect plays)

2: Concept of Gambler's ruin and variance (an opponent with finite wealth will eventually lose to an opponent with unlimited wealth)

Basically even in a pure 50/50 game gives an advantage is given to the house long-term