Topic: House Edge (Read 1293 times)

Yes, in the most reliable casinos, because they are auditable, if we go to such as dulebtis, stake.com, bitcasino.io, rollbit, among others that are in the forum are trustworthy for that reason, the player who has doubts has the right to audit each of their plays and that is something that not all casinos have, normally one is suspicious of new casinos for multiple reasons, and one of those reasons is that, in the same way the skills that we have must always be demonstrated in play in any scenario.

My question is that is there any way we can know whether casino games are probably fair? I have ask myself many times when I would play casino games and always ending muo in loses many times. I think their are some of the casino games that are probably fair while others can be a little bit fair. Although there are many casinos that don't involve themselves in cheating and they are very straight with their games compared to many casinos that are just in for the business for the purpose of cheating their customers. Gambling is meant to be fun and whatever game we are betting on, it's good we get some skills.

You're right, well we here at the forum know these things, but for example a person who is new to the world of casinos, who has seen these things on TV, YouTube or wherever and decides to enter and this happens to them, obviously the person will feel disappointed, apart from that there are many who don't have that thing to read, they don't like it because they only like to see social networks and they only get information through social networks, this has a lot of repercussions on everything.

I have it clear, I like to play on sites that are reliable, stake.com, dulebits, bitcasino.io, rollbit, among others, but why? Because they are casinos that we see that are very reliable and I know that I will not have problems when withdrawing or cheating.

That's the reason why we should avoid gambling at casino sites where they dont have a provably fair algorithm being used and a way to verify our bets.
While there are people who do cheat the casinos there might also be some who genuinely win the bets and beat the casino and it feels really bad when such people are banned from the casino site and don't receive their winning prize.
Its like if we lose then the casino profits from our bets and if we win then the casino freezes our account, again profiting out of the situation.

That's right, because who audits a casino in every case that is played? If the casino makes a mistake in favor of the casinos rarely some will say it, well the most reliable ones do , but the rest of the casinos do not do it, I have seen a series of casinos where players beat them and then they ban them telling them that they cheated, it is something really Strange , they should not be like that and casino that has really been emerging little by little, that is a point to consider.

That is true. If a game is truly provably fair then it will provide the same outcome with same set of parameters.
If the casino tries to alter the results later then it will change the outcome of provably fair algorithm.
But yeah, I do agree to EarnOnVictor that it can be challenging to determine if the casino has faked the results or not if we don't verify the outcome regularly.
They can also try to leverage the house edge to their favor if they don't provide a way to verify the result of the game.

Your advice is good and I don't believe any right-thinking person will argue otherwise but this can only be done if the gambler first admits that gambling is a game of luck, at least, almost all of it. I wonder why people go to casinos and want to become millionaires in a few days or believe that a particular strategy is working and that will make them rich. My brother, all those can be for a while, no one can beat the house, and if no one can beat the house, we should then be cautious and gambling responsibly. We should rather plan on how we will not be hit too much by being cautious and considering our gambling goals and plans and also be strict with the management that can preserve our accounts.

lol it is not there are times but instead MOST OF THE TIME that gambling brings us losses instead of winning.
another wrong perception , 50/50 win loss? lol do you really gamble? do you experience that 50/50?
because for the years that i gamble? never that  i have that percentage instead its 30/70 win/loss
or sometimes even higher than those .
if you are friend of luck that day? maybe you can win continuously but that has limit and you must
know when to stop.

whatever we wanted to deal with crypto casino that is depending in what you can achieve and contain because there are  things that may bring us to negative or positive effect.

some who gambles with lots of money are mostly the one that will lose more and will feel sadder than those who have smaller amount , because at least they only need to recover that amount.

trick and cheats are part of casino specially in online that you don't even know what you are dealing directly because everything is in the system and not in physical form.

You are making it sound like gambling gives us losses only at times and wins at most times which isn't how it works because in gambling, there are mostly losses and wins sometimes because casinos are not created to make money for gamblers but they are created to make money for their creators and owners, so it's mostly the house that wins and gamblers lose their money and only sometimes the gamblers manage to win something as well.

A gambler who gets into gambling because they want to earn money will eventually come to know that they were delusional and it is not possible for anyone to achieve that from gambling, so it's better that a person understands this before they get into gambling so that they don't lose a lot of money.

Gambling is becoming on how we are treating this , example if you are gambling to have fun then you will never let yourself losing tons of money but that is far different if you wanted to become instant millionaire because that is the way why people ending up losing everything that sometimes bringing troubles even in their own family and friends.
try not to brag yourself from irresponsible gambling instead know when to stop and when to start.

Oh, I love that, I am always open to corrections, and thank you for trying. But the fact is that I quite understand you, but it seems you did not understand my point. I know a lot about the provably fair in casinos and I wrote a thorough post about it a while ago, which is beyond the mere publication by the casino but how to go about some ways to have a test on it. Fine, this is to prove some level of transparency and fairness, but is it truly true? Can you vouch that what the casino tells you is 100% true? That is where my remark comes in, and judging by how I constructed it, it's a figure of speech but easy to understand if you read it insightfully. No one is saying that an open source as we often see in some crypto projects must come into play with casinos, especially a centralised one, but just saying that it will have to come into play before the casino can be trusted 100% or close. These are two different things.

Now, the question is, can casinos let you have access to all that they do? Certainly Not, because this is a company we are talking about and the more they allow access, the more the security breaches. For this, we can only trust casinos by giving them some benefits of the doubt and holding them for their word relatively. But certainly not entirely because what they tell you and even what you have some degree of provably fair play with may not certainly be true. That's my plight there.

Gambling does not always make us profit, but there are times when it also gives us losses, but no one can predict that gambling always makes a profit, there is no guarantee that gambling will make us always win, often we are defeated by winning at the start of the game, so that we are passionate about the winnings that have been given at the start of the game, because gambling is a 50 50 prediction, 50 gain 50 loss, no one wins continuously, there are also benchmarks, they are defeated at the beginning and won at the end, there are also those who start from the beginning They are always defeated until the end, but usually people who are often defeated will continue until they get satisfactory results, even though they have been at a disadvantage from the start.

Sorry, but I guess you are completely unsure of what you are even saying, losing in casino games does not equate or translate you being cheated on or tricked, and it will also interest you to know that in playing casino games, there are no special formula for winning, and how long you've been gambling or your overall gambling experiences has nothing to contribute to the outcome of your games, for even if you have been gambling for 100 years, you can play casino games and lose woefully if luck is not on your side, while some one who just started gambling the previous day will come around and hit a jackpot out of the blues, this tells us that, outcomes in playing casino games has nothing to do your a level of gambling experiences.

The only thing experience does for a gambler is that, he help them know which game to choose to play, games with better house edge and better chances of hitting a jackpot, and experience also helps a gambler to know when to practice conservative gambling, and when to take the risk of going all in.

this means one thing , those who gambles online is still not ready to accept their faith in gambling ,
when they gamble keeps looking for wins but does not  know that gambling casino is here to take our
money but to bring us happy time( casino  are fun provider but not to take money from us lol)

I really don't get the essence of what you are saying though, is it that you are saying the casino actually cheat their users by altering the results of some of their casino games or what? Because the overall experience and impression I have about most casino games is that it's already system designed and the results are way harder to predict than that of ordinary sportbet games and that's why if I ever want to play or bet on any casino games I just go with the impression of I might be lucky because I have already given the house the bigger chances of winning so that if the results isn't of my favor I won't get angry or even suprised. But of my poker and roulette friends say it's quite easy for them to play these games of which I really don't know how they do it.

Yes, bro, talking about casinos, in my opinion, it's a matter of luck and we can be clever so we don't get cheated, sometimes there are also those who jump into casinos with high passion and have a lot of capital and the way of playing can't be mastered carefully so they can easily be cheated. casino games because not only do they benefit us because casino games in my opinion are already high level games for senior gamblers with enough experience and are not easy to trick, because they also usually have a backing at the back so they can't be cheated by them, that way it will make him profit and cannot be cheated by mere trickery.

Correct, that is a quite common misconception I have seen before,.specially from newbies who do not understand how seed verification and probably fairness works in the first place.
If we lived in a ideal world, all the software used by casinos and game providers would be open source and this could give undeniable access to the way those games work, though, that is not going to happen anytime soon. because it would be imply an oversaturation on the market by services which would be always the same thing one and over again.
that is why probably fairness was conceived for in the first place, so people can make sure they are not being ripped off by the casino, within the need to verify the source of it running on the background.

As mentioned, it is not only a system about using one's seed to generate the entropy to get a result, the fact cryptography also allows the gambler to verify the result and the seed are related is the true game changer when we talk about fair games and fair gambling .

it is a topic worth investing some time to read about.

Just a small correction, a provably fair game hasn't to be open source as you suggested. All you need to know as player to verify the fairness of a game is how the outcome is determined and the variables used to determine this outcome.
Also, you can verify all the results at any time you want. So, it will be easy to know when the casino start manipulating the results.

Thank you for this exposition, and I've always told gamblers who often say that gambling is 50/50. I wonder where those people get their knowledge and wisdom of gambling from. From the practical outcomes we see, we should know that gambling is not without fault and the outcome could always be balanced in the favour of the house. This is not about the provably fair of a thing, as it could be proved to you now that it is provably fair but later adjust it, and even those provably fair we see are not as they claim because, which company will make their platform to be an open source for people to painstakingly and sincerely verify?

This is the issue, and even if the casino tells you that they have this edge or that edge, one should never trust that but just continue to play with some degree of the benefits of the doubt. Above all, let us try as much as possible to locate reputable casinos that are liquid and that have a huge customer base. I am sure that the issues will be lessened with them because the customer base alone is enough for them to always be achieving their periodic targets and not strongly depend on manipulations.