House Edge - page 2. | Bitcointalksearch.org

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: khaled0111 on December 01, 2024, 06:59:08 PM

. It also doesn’t mean all players will be losing on the long run. Most of them will, though.

And house edge, together with the laws of probability are put in place so those who warn more from the casino in the long also only win a relatively small percentage of money, when compared to the complete value of their wager, which had been accumulated through their whole gambling history of the casino. I have the personal impression people under-estimate the importance for the business of gambling and they do not check on it when they first step into a casino, most gamblers believing it will be just matter of time for them to earn money out of it and walk away all happy, when reality is the opposite...

Even though, house edge does not have anything to do with banning gamblers from websites or gambling floors, I have read stories of people who cheat the casino in some way for them to have a bigger advantage which easily surpasses the house edge, basically slowly stealing money out the casino. One of the techniques more common being the use of asymmetrical card sets by the casino in games like blackjack.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: AHOYBRAUSE on November 29, 2024, 12:22:04 PM

Actually I have made a different experience. At almost every single place I ever played casino games I won in the beginning, it's so strange. But then at some point it makes click and you can't win anything, even with winning percentages in your favor, like betting on 52% winning chance or more on dice or any other house game.
It's really strange this basically happened to me everywhere, might be a classic way to get people hooked. Well, I didn't and I just used the sites for sports betting after this. Hard to believe some outcomes sometimes so I better stick to where at least I have some knowledge.

In craps it is very common to lose, you will not believe me but in one of my precise plays in freebitco.in around 2018 I lost 45 times in a row, it was incredible, but things at that moment made me think that the site had it against me, sometimes it is difficult to Accept the house advantage because it gives those movements that we as players at the moment and because of the adrenaline of once we say that it is cheating, but it is the same house advantage , this is something that usually happens and sometimes we when we are novices do not understand it, that is very common, that is why the designs of the game make us mature.

khaled0111

legendary

Activity: 2758

Merit: 3105

Top Crypto Casino

Quote from: LUCKMCFLY on December 01, 2024, 05:19:23 PM

the House is not the only one that has the right to win , yes , they have their house advantage , they are always Winning , but if a player makes a big bet and wins, then it has to be paid, it is that simple , I have seen that in some casinos when a player does something like that , then they block the account, they start to put many obstacles in the way of not Paying ,

Banning users’ accounts has nothing to do with the house edge. If an account gets banned, it’s either because its owner breached the casino's rules or because the casino is a scam and don’t want to pay the user his winnings.

The house edge is there to ensure the casino will always win on the long run. It doesn’t mean they will win each round/game otherwise no one would be willing to play there. It also doesn’t mean all players will be losing on the long run. Most of them will, though.

Sanitough

hero member

Activity: 2954

Merit: 719

Quote from: AmoreJaz on December 01, 2024, 06:38:11 PM

House edge will always be there in gambling. This is the reason why this business is surviving. Without it, every casino or bookie would easily go bankrupt. This is why in the long run, most casinos can sustain their operations and can be a lucrative one.

Not only do they survive, but they're also making big profits. I believe gambling is one of the most profitable businesses in the world, aside from the illegal ones. So, knowing this, we should understand that they’re profitable because they have the edge over gamblers. The only way we can walk away or stop gambling with real satisfaction is if we hit a jackpot that could change our lives. And that’s where the idea of investing it into a business comes in. However, that hasn't happened to me yet. I'm actually waiting and betting regularly on high payouts in casinos or high multipliers in sports betting. I know it’s all reliant on luck, but who knows? Maybe that day will come soon.

Quote

And if by chance, you win big, better invest into something profitable, small business or real-estate. At least, you can say to yourself that you got some assets of value out of your gambling activities.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Russlenat on December 01, 2024, 05:47:54 AM

Quote from: SamReomo on December 01, 2024, 03:34:33 AM

That's why smart people always say that whenever you win big, just take rest and not develop feeling that you can be win similarly again because if you think like that then you won't win but lose everything. Gambling responsibility is an important asset of a gambler without any doubt.

What we need to do is enjoy the win because no matter how much we win, if you don’t know when to stop, we'll still lose in the long run, right? That’s just how it goes. Even if we flip our brains around and analyze every angle to win, we can’t ignore the reality that the "house edge" will eventually beat us.

So my point is, enjoy the moment you are lucky and don't overanalyze things.. stay realistic, and believe "we'll all lose in the long run".

House edge will always be there in gambling. This is the reason why this business is surviving. Without it, every casino or bookie would easily go bankrupt. This is why in the long run, most casinos can sustain their operations and can be a lucrative one.
And if by chance, you win big, better invest into something profitable, small business or real-estate. At least, you can say to yourself that you got some assets of value out of your gambling activities.

livingfree

hero member

Activity: 3024

Merit: 580

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: LUCKMCFLY on December 01, 2024, 05:19:23 PM

One thing needs to be made clear, the House is not the only one that has the right to win , yes , they have their house advantage , they are always Winning , but if a player makes a big bet and wins, then it has to be paid, it is that simple , I have seen that in some casinos when a player does something like that , then they block the account, they start to put many obstacles in the way of not Paying , that seems unethical to me, when I see one of those casinos , I simply never go near it, because I do not want to go Through problems of that style.

It has to be as simple as that. House wins, players wins and have to get paid. But the trouble starts when it's such a huge amount that the casino needs to verify it first.

While there are genuine reasons why they have to block some accounts for cheating the system. They need to be fair at most times. Those gamblers that have done nothing to prove that they've cheated the system should get paid.

Or they should pay them and if they've done something wrong, they wouldn't allow them to get back but at least pay what they deserve.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: Odusko on November 22, 2024, 05:20:30 PM

When it comes to the issues of accounts banned, it is far from House Edge because in most cases, when accounts are banned it will always be after the player won a big amount, but in the case of House Edge, the casinos won't even let the gambler to win the game in the first place because the outcome of the game is configured to favor the house.

One thing needs to be made clear, the House is not the only one that has the right to win , yes , they have their house advantage , they are always Winning , but if a player makes a big bet and wins, then it has to be paid, it is that simple , I have seen that in some casinos when a player does something like that , then they block the account, they start to put many obstacles in the way of not Paying , that seems unethical to me, when I see one of those casinos , I simply never go near it, because I do not want to go Through problems of that style.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: Dunamisx on November 29, 2024, 03:21:54 PM

Quote from: Bushdark on November 29, 2024, 02:59:15 PM

Many of us that are gamblers do not really care about the house edge because we are much more interested in winning not caring about whether the house has high dominance over gamblers. It is only free gamblers that keep this into consideration because they are aware of the importance of what house edge really means when it comes to winning. People that play more of casino games really need to keep their eyes on this so that they don't keep losing without knowing what could be responsible for that.

You're right, because a true gambler should not be too focused on this, instead, they have to be more concerned on the way of how they could gamble, but so far we have seen it on may cases with gambling, everyone has their own choice in choosing between what they want base on how they have personally interpreted what gambling is to them, nevertheless, we should not forget that we are having fun in it.

Actually, it is kind of ironic you talk about true gamblers and the perceived importance house edge has for them, because I have seen in some documentary films and shows that the edge is pretty much an important factor for the so-called "professional gamblers" to choose where they decide to wager their money. The common gambler who does not dedicate much of their time and money to this hobby won't pay much attention to the edge of their favorite casinos, but the professionals will, because they are more likely to wager higher amounts of money and also do it in the long term, in that context is when the edge of the house counts the most.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: SamReomo on December 01, 2024, 03:34:33 AM

That's why smart people always say that whenever you win big, just take rest and not develop feeling that you can be win similarly again because if you think like that then you won't win but lose everything. Gambling responsibility is an important asset of a gambler without any doubt.

What we need to do is enjoy the win because no matter how much we win, if you don’t know when to stop, we'll still lose in the long run, right? That’s just how it goes. Even if we flip our brains around and analyze every angle to win, we can’t ignore the reality that the "house edge" will eventually beat us.

So my point is, enjoy the moment you are lucky and don't overanalyze things.. stay realistic, and believe "we'll all lose in the long run".

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: danadc on November 30, 2024, 12:47:30 PM

Quote from: Lanatsa on November 25, 2024, 07:28:56 AM

People would really be just that trying out to realize on the moment or time that they are experiencing unfortunate conditions and not on the time that they are gambling midway or on the moment that they are
trying out to beat up the house. Grin

Realizations do always come at the end but because of greed then they would really be just that making themselves dumb and just tolerate into those things on what they do have in mind.
House do always win at the end or long run. Its not really that something that hard for you to understand.

This is how businesses do really make out some business and if you are a type of gambler who do tend to beat up this thing then it will really be
just that making your life miserable with in terms of financial status or condition.

I took the Liberty of highlighting what you say for a very simple reason, people believe that they can do wonders in a casino and they believe it Blindly knowing that they are going over the edge , this is something that they should not do because you cannot as a player Dissolve a Programming already planned and tested to all types of Attacks and errors , every person who enters a casino must understand that the casino will always have an advantage , whoever tries to beat this simply, for me applies all his ignorance and will always lose, it may be a problem of ignorance, but in the end he must realize it.

On the moment that you are trying up to beat up the house then it is 100% guaranteed that you will really be losing up that big time. Unless if there would be some code exploit or some errors or holes on which the site does have on where you could be able to modify out, but we do know that these platforms had invested well when it comes to security thats why it will really be that not that common or almost impossible that there will really be some exploit that a certain user will be able to find out. Come to think that not all gamblers are tech savvy or programmers for them to have those kind of coding approach and trying out to exploit the site.
Just like we do all know that house always win and having that edge against its gamblers but there are moments or times that we do get lucky and able to get those kind of big wins.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Quote from: shield132 on November 29, 2024, 04:15:00 PM

The house always wins because mathematically casino has an advantage over you, you are wrong when you say that it's not always true. In reality it's always true, if you got got a lucky day, just say thank you and keep winning.

I fully agree with you, and that's 100% true, the house always wins in the end, no matter if someone is lucky for a day, the other day that same person will lose against the house once again.

Let's say if someone who's lucky wins many bets in a day, then at the same day there are other players who are already losing bets against the house, and there's chance that the next day the same guy who won might end up losing everything once again.

That's why smart people always say that whenever you win big, just take rest and not develop feeling that you can be win similarly again because if you think like that then you won't win but lose everything. Gambling responsibility is an important asset of a gambler without any doubt.

danadc

sr. member

Activity: 1092

Merit: 342

WOLFBET.COM - Exclusive VIP Rewards

Quote from: Lanatsa on November 25, 2024, 07:28:56 AM

People would really be just that trying out to realize on the moment or time that they are experiencing unfortunate conditions and not on the time that they are gambling midway or on the moment that they are
trying out to beat up the house. Grin

Realizations do always come at the end but because of greed then they would really be just that making themselves dumb and just tolerate into those things on what they do have in mind.
House do always win at the end or long run. Its not really that something that hard for you to understand.

This is how businesses do really make out some business and if you are a type of gambler who do tend to beat up this thing then it will really be
just that making your life miserable with in terms of financial status or condition.

I took the Liberty of highlighting what you say for a very simple reason, people believe that they can do wonders in a casino and they believe it Blindly knowing that they are going over the edge , this is something that they should not do because you cannot as a player Dissolve a Programming already planned and tested to all types of Attacks and errors , every person who enters a casino must understand that the casino will always have an advantage , whoever tries to beat this simply, for me applies all his ignorance and will always lose, it may be a problem of ignorance, but in the end he must realize it.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: owlcatz on November 24, 2024, 08:47:14 PM

1%/2%....

... I think at the end of the day the old saying is true - "The house always wins". However, having gambled many many eons ago, I know it's not always true, you can get lucky sometimes if you know what is going on etc. Wink

Are you trying to change the narrative? Then you are wrong, this is not a saying that just comes into play, it can be traced to millennial times, though it might not be called "the house" then, the organizers always have a means of winning, and gambling has always been like that. Your view is entirely different because it doesn't consider that a tiny few people are winning while the multitude are losing. Now, if you do the arithmetic, despite the few winnings, more losers are enriching "the house," so who is still winning if not the house?

They must always win to stay in business, otherwise, the industry will collapse.

shield132

hero member

Activity: 2450

Merit: 948

Metawin.com - Truly the best casino ever

Quote from: owlcatz on November 24, 2024, 08:47:14 PM

1%/2%....

... I think at the end of the day the old saying is true - "The house always wins". However, having gambled many many eons ago, I know it's not always true, you can get lucky sometimes if you know what is going on etc. Wink

https://en.wiktionary.org/wiki/the_house_always_wins#:~:text=Proverb&text=In%20a%20casino%2C%20all%20gambling,the%20successes%20of%20individual%20patrons

The house always wins because mathematically casino has an advantage over you, you are wrong when you say that it's not always true. In reality it's always true, if you got got a lucky day, just say thank you and keep winning. Being lucky doesn't mean that the house lost because if you keep playing, you'll see that you are not as lucky as you thought. When it comes to house, casino thinks about long-term outcome. Long-term, house always wins but short-term, one player out of thousand will win but every time that player keeps playing, they decrease their chance. It's like, when you play dice with martingale strategy, you think that as long as you roll it many times, the number above 50.50 will come but mathematically, every roll decreases your chance of winning instead if increasing.

Unsoldier

legendary

Activity: 1946

Merit: 1512

Quote from: ricasw on April 03, 2024, 01:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The difference in the house edge could stem from how each platform configures its algorithms and payout coefficients. For instance, if BCH.games requires "rolling above 50.99" for a 2x win in Target, this alone could explain the higher house edge: the higher the win threshold, the greater the likelihood of loss, which increases the casino's advantage.
For other games like Mines, Tower, and Crash, the dynamics depend on their specific rules. While both platforms claim to be provably fair, this doesn’t mean the game mechanics are identical. One platform might offer more "safe moves" or different probability distributions, directly impacting the house edge.

Overall, the variation in house edge between platforms likely reflects their marketing strategies and monetization approaches. Stake may opt for a lower edge to attract more players, while BCH.games might set a slightly higher edge to maximize profitability.

Dunamisx

hero member

Activity: 952

Merit: 555

20BET - Premium Casino & Sportsbook

Quote from: Bushdark on November 29, 2024, 02:59:15 PM

Many of us that are gamblers do not really care about the house edge because we are much more interested in winning not caring about whether the house has high dominance over gamblers. It is only free gamblers that keep this into consideration because they are aware of the importance of what house edge really means when it comes to winning. People that play more of casino games really need to keep their eyes on this so that they don't keep losing without knowing what could be responsible for that.

You're right, because a true gambler should not be too focused on this, instead, they have to be more concerned on the way of how they could gamble, but so far we have seen it on may cases with gambling, everyone has their own choice in choosing between what they want base on how they have personally interpreted what gambling is to them, nevertheless, we should not forget that we are having fun in it.

Bushdark

sr. member

Activity: 1008

Merit: 262

20BET - Premium Casino & Sportsbook

Quote from: Lida93 on November 29, 2024, 12:32:32 PM

Quote from: D ltr on November 21, 2024, 07:44:41 AM

Old casinos will always give the best because of their reputation, for new casinos it may take a process to provide services to their users, in terms of skills are indeed needed in every gambling but good enough skills are also sometimes casinos do not support such things if they always win, they will be more aggressive in improving the game until the skilled lose

But do many of us gamblers give deep attention to these differences in house edge amongst the casinos before making use whether with the old or new. Because I myself am not exempted from this negligence. Generally, casinos don't love to see gamblers that have consistent wins against the house, you're bad business to them, so they either find ways to diminish your streaks or lock you out of their platform with any allegation they can come up with just to kick you off.

Many of us that are gamblers do not really care about the house edge because we are much more interested in winning not caring about whether the house has high dominance over gamblers. It is only free gamblers that keep this into consideration because they are aware of the importance of what house edge really means when it comes to winning. People that play more of casino games really need to keep their eyes on this so that they don't keep losing without knowing what could be responsible for that.

Lida93

hero member

Activity: 980

Merit: 621

Leading Crypto Sports Betting & Casino Platform

Quote from: D ltr on November 21, 2024, 07:44:41 AM

Old casinos will always give the best because of their reputation, for new casinos it may take a process to provide services to their users, in terms of skills are indeed needed in every gambling but good enough skills are also sometimes casinos do not support such things if they always win, they will be more aggressive in improving the game until the skilled lose

But do many of us gamblers give deep attention to these differences in house edge amongst the casinos before making use whether with the old or new. Because I myself am not exempted from this negligence. Generally, casinos don't love to see gamblers that have consistent wins against the house, you're bad business to them, so they either find ways to diminish your streaks or lock you out of their platform with any allegation they can come up with just to kick you off.

AHOYBRAUSE

hero member

Activity: 798

Merit: 896

Wheel of Whales 🐳

Quote from: LUCKMCFLY on November 29, 2024, 10:38:01 AM

Quote from: D ltr on November 21, 2024, 07:44:41 AM

Old casinos will always give the best because of their reputation, for new casinos it may take a process to provide services to their users, in terms of skills are indeed needed in every gambling but good enough skills are also sometimes casinos do not support such things if they always win, they will be more aggressive in improving the game until the skilled lose

You are right and sometimes some players including myself when I was a newbie liked new casinos a lot because I thought that playing in a new casino there were more chances of winning and no , it is quite the opposite , they want to attract our clients and they also need to capitalize, the process for the casinos is also hard, but even so they cannot be so radical because otherwise they run away from the clients and as they already know their favorite casinos which are mostly the old ones , then that is what they say: "it is better known than new to know" then the new casinos have that particularity, and as a newbie I saw everything in favor of the client.

Actually I have made a different experience. At almost every single place I ever played casino games I won in the beginning, it's so strange. But then at some point it makes click and you can't win anything, even with winning percentages in your favor, like betting on 52% winning chance or more on dice or any other house game.
It's really strange this basically happened to me everywhere, might be a classic way to get people hooked. Well, I didn't and I just used the sites for sports betting after this. Hard to believe some outcomes sometimes so I better stick to where at least I have some knowledge.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: D ltr on November 21, 2024, 07:44:41 AM

Old casinos will always give the best because of their reputation, for new casinos it may take a process to provide services to their users, in terms of skills are indeed needed in every gambling but good enough skills are also sometimes casinos do not support such things if they always win, they will be more aggressive in improving the game until the skilled lose

You are right and sometimes some players including myself when I was a newbie liked new casinos a lot because I thought that playing in a new casino there were more chances of winning and no , it is quite the opposite , they want to attract our clients and they also need to capitalize, the process for the casinos is also hard, but even so they cannot be so radical because otherwise they run away from the clients and as they already know their favorite casinos which are mostly the old ones , then that is what they say: "it is better known than new to know" then the new casinos have that particularity, and as a newbie I saw everything in favor of the client.

Topic: House Edge - page 2. (Read 2078 times)