House Edge - page 4. | Bitcointalksearch.org

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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?

Games can be provably fair for several casinos, which I believe should be the normal thing, but then, the house edge in all this casino can not likely be the same thing because same way way the casinos set their games to be probably fair, so also do they themselves set the house edge of this games, and the different house edge for this casinos simply means that the chances of winning that game if different for those casinos.

For example, if stake have 1 percent house edge on crash, and bc.game has 2 percent, it simply means that this game on both casinos are provably fair, but the chances of winning a significant amount are not the same, as 1 percent house edge simply means those playing on stake have a higher chances of being in profit for a longer time if luck is is on their side.

This might not be completely correct, but I tried my best to explain to the best of my knowledge and understanding.

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Quote from: Poker Player on May 09, 2024, 11:29:42 PM

Quote from: bSpend on May 09, 2024, 11:09:05 PM

So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake...

In relative terms yes, but not in absolute terms. If one casino has an HE of 1% and another of 2% of every $1,000 wagered, the second casino earns $10 more. But the one that offers 1% is usually because it has a much higher volume of players, more revenue, so it can lower the HE, and in absolute terms at the end of the year it is normal that Stake has earned much more money than bc.game.

The truth is that what you say makes a lot of sense and logic, and in fact it is true, the more community, the more people the casino has, the more attractive it is just due to the fact that the house edge is greater. accessible, I personally believe that when any player goes to a casino they look for the one with the lowest percentage of house advantage, especially to play games like black jack, poker, because the probability of winning is better and that is why it costs so much. a lot for a new casino to get ahead. and compete against the big guys, this industry is good, it is lucrative, but for this to happen the owners must have a lot of money.

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Quote from: bSpend on May 09, 2024, 11:09:05 PM

So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake...

In relative terms yes, but not in absolute terms. If one casino has an HE of 1% and another of 2% of every $1,000 wagered, the second casino earns $10 more. But the one that offers 1% is usually because it has a much higher volume of players, more revenue, so it can lower the HE, and in absolute terms at the end of the year it is normal that Stake has earned much more money than bc.game.

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Quote from: khaled0111 on April 05, 2024, 05:16:29 PM

Quote from: Mr. Magkaisa on April 05, 2024, 03:15:18 AM

Is that 2% deducted by the house edge from all casino players for every bet they make with a game provider? So does this mean that, win or lose,
the house always has a cut on everything a gambler bets?

No, the casino does not get 2% from each bet placed. However, on the long run ((after many many bets), the house edge which is the advantage the casino has over the player ensures that the casino will be in profit by near 2% from the total wagered amount.
Meaning, after one or few bets, the casino might be in profit or at loss but after too many bets the casino will most likely get 2% (or whatever the He is) from the total amount you have wagered.

Thank you bud, ive never really know much about house edge on those casino games that was mentioned, and this is because I am not a frequent gambler, I do gamble but it's always once in a while.
So, the discrepancies between the house edge of Stake casino and bc.game simply means that bc.game are more likely to make profit off players playing their in-house and maybe some other games; than Stake, and from the gamblers point of view, Stake has a better house edge than bc.game since with their 1 percent, players are at a better chance of winning than losing, just 1 percent chance better than bc.game, can this be considered even significant?

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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?

Yang Mines and Crash is very useful and trending here in our country. It has even become more popular because of the influencers who are known here in our country. Others will openly say that there is nothing to lose as long as you use their link to sign up.

Even the crash games are also promoted by them. But once you play that, it's not true what they say: that you always win. I can still believe that the house edge always wins, but the casino player himself, who will deposit money, usually really loses.

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Quote from: Odusko on April 03, 2024, 02:09:11 PM

I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

Yes and it is optically no very big when they say it, it is like the fees of 1% or 2%, it does not seem very big, but in fact as you say is actually duplicating the price of the product. I am not sure people understand clearly of look closely to the hedge, as it seems little, however we all should be paying attention to it as we would pay attention when buying a car or a similar item.

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Quote from: bhadz on April 15, 2024, 12:42:12 PM

IMO, OP isn't really asking for variation of the games that he has mentioned for the house edge or its percentage. But he has mentioned a lot of bch.games and that's what he's sole purpose in making this thread. He has logged in on April 13 but never gave any of his thoughts to all of the answers that have been said for the questions that he has asked. If he's coming back soon and gonna break this thought of mine, that is totally okay and not a problem at all. This is my opinion since we get this a lot.

I guess some members will report this thread for it to get locked since the ops is not active to give directions to what the topic is all about and how to get the best answer to what he asking, and again I won't blame those that responded based on house edge variation since the ops did not give clear statement of what he is looking out for and since he created the thread he ran away from the thread I don't know what his motives are to create this discussions.

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Quote from: markk1 on May 09, 2024, 12:36:12 PM

Just understand that any house edge will always take your entire bankroll. Even if you play with a 0 house edge, you will still lose sooner or later due to the fact that the casino has restrictions on the maximum bet.
In this case, bonuses, cashback, etc. will give you an advantage. Better to play poker against people.

Actually, if there were a 0% house edge casino I think we would have chances to win on long run, because it would mean random outcomes without any advantage for one side or another. For that reason, there isn't any 0% house edge casinos available, otherwise the casinos would be under constant risk of losses on long run, turning the business into an unsustainable one which couldn't be maintained anymore.

On the other hand, 0% house edge games would be a great concept for PvP decentralized games. That is, games which wouldn't have a casino platform as middleman, so there would be 50% winning chances for both gamblers competing against each other.

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Quote from: danadc on April 08, 2024, 10:55:38 AM

Because in most casinos the house Advantage is 1% and that is enough for the player to lose , I think that the casinos that are more reliable have that advantage, right? 2% is like for casinos that are just starting out and they do it so that they can have a good influence and not go Bankrupt at first, that is like a security measure, that in the end one understands why it is a company that is starting up, but they should still be 1% because as a player I go to the casino where I have more Opportunities to win, regardless of whether it is a new Casino, all Players have this type of thinking, Because no one likes to lose money.

House edge higher than 0 guarantees casino that long-term they'll be in profit. The high or low house edge has nothing to do with the reliability too. Casino with 1% house edge can be as reliable as casino with 10% house edge and opposite. You have to check casino's reviews and choose it accordingly.

Quote from: Quidat on April 15, 2024, 12:36:35 PM

1% or 2% which it doesnt matter much because luck factor would really be still the main consideration when playing up on a dice game or any similar games which we know that winning or becoming that profitable will really be just that basing up on how lucky you would be.

Actually, it matters. Mathematically, you'll be able to have longer gambling session with 1% house edge than with 2% house edge. Overall, as you said, if you are very lucky, you might win with 99% house edge Cheesy

But you have to be very lucky. House Edge simply gives casino an edge over player but if player is lucky, he/she will win but the majority of people won't be in profit.

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Just understand that any house edge will always take your entire bankroll. Even if you play with a 0 house edge, you will still lose sooner or later due to the fact that the casino has restrictions on the maximum bet.
In this case, bonuses, cashback, etc. will give you an advantage. Better to play poker against people.

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Quote from: dimonstration on April 11, 2024, 12:21:08 PM

Quote from: wiss19 on April 11, 2024, 11:10:53 AM

True gamblers or those who are playing for the profit will notice the difference of a small house edge from the larger ones and as long as they are playing on a legit casino because some shady casinos can only display numbers while the truth is they are still manipulating their games.

At the end of the day, there is still what we call a bad luck apart from the good luck. So, no matter what variables are there that we see in our screen displays, I'm very sorry to tell that we can still lose it all. As a player I don't focus on the house edge, therefore it is not an attraction for me but it's an advantage for a casino to have a lot of good features.

There’s no way to determine the house edge difference by just observing your game because it requires the overall game summary for that specific game to determine the house so it’s really impossible to notice it unless you place a huge volume of bet to get a very good sample size for house edge.

That’s why playing on trusted casino is a must so that you can assure that the house edge they displayed is legit because there’s no way to verify it manually using your bets.

Thank you for this my friend, and I must say that I read some things on this forum in surprise, especially on how people believe heresies. I wonder why I will believe the house when they cannot prove a dime that they have a certain house edge in the percentage. What is the basis for me to just believe such? Many gamblers are indeed gullible in this regard and the lack of reason for me to believe this kind of a thing was why I never took the main OP seriously in the first place. Quoting that casinos have a certain house edge may not exonerate the gambler from cheating, they are the ones calling the shot and they will only let you know what they want you to know/believe. Even provably fair is not true anymore these days, we should only pray for luck even as we gamble wisely and responsibly. The use of good casinos is a very key point here as you said, because no matter what, in the end, you will be treated averagely fair in the worst-case scenario.

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Quote from: Ojima-ojo on May 08, 2024, 12:17:22 PM

House edge have been one of the most discussed topics in most gambling discussion the reason is that house edge also is what determines how and what the gambler end up with for playing the game and what the possibility of his winning is because the higher the house edge the harder it becomes for Gambler's to win in such games.

Regarding the house advantage, it will always be something that all players in casinos look for to be lower, it is difficult to determine, where they are determined faster is in slot machines, because it is the so-called RTP, the higher the better, but Of course it only applies there, in other games you can compare from casino to casino where it is easier to win, generally in very large casinos like stake.com, they do not have to modify that parameter, because they are reliable casinos that do not want to spoil anything, The years have given them all the credibility that many want to have, and that is why they continue to be the best, of course there are many casinos that are competitor s, but I think that the casino that has the most community is because they win more, no , a simple logic.

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Quote from: LUCKMCFLY on May 08, 2024, 11:28:50 AM

Quote from: Russlenat on May 05, 2024, 12:28:42 AM

What we should ensure is that the casino is not rig, and then we will play with the house edge, if we are lucky we win but of course in the long run we will still lose. That's why we are suggested to just gamble for fun particularly on games that are based on luck.

I agree with you , the main thing here is that Things in casinos are legal and authentic, we cannot afford to play in a fraudulent casino , because that would be the worst, and being robbed is not pleasant at all, that's why Suqe the most reliable like stake.com and others always do it and look for a way to work well, when it comes to new casinos I am somewhat distrustful, I don't trust because I have been through very bad situations and that has made me Reflect that things must be Different to be Able to To Achieve our objectives , in this order of ideas we must meet all our personal Standards, how to play in a Reliable casino and Apart from everything that the house Edge is the factor that we never Forget. .

House edge have been one of the most discussed topics in most gambling discussion the reason is that house edge also is what determines how and what the gambler end up with for playing the game and what the possibility of his winning is because the higher the house edge the harder it becomes for Gambler's to win in such games.

Stake is one big casino that many will be interested in the discussions and analyses of the house edge on stake so as to enlighten newbies and others on what to expect on the casinos when they engage there.

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Quote from: Russlenat on May 05, 2024, 12:28:42 AM

What we should ensure is that the casino is not rig, and then we will play with the house edge, if we are lucky we win but of course in the long run we will still lose. That's why we are suggested to just gamble for fun particularly on games that are based on luck.

I agree with you , the main thing here is that Things in casinos are legal and authentic, we cannot afford to play in a fraudulent casino , because that would be the worst, and being robbed is not pleasant at all, that's why Suqe the most reliable like stake.com and others always do it and look for a way to work well, when it comes to new casinos I am somewhat distrustful, I don't trust because I have been through very bad situations and that has made me Reflect that things must be Different to be Able to To Achieve our objectives , in this order of ideas we must meet all our personal Standards, how to play in a Reliable casino and Apart from everything that the house Edge is the factor that we never Forget. .

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Quote from: LUCKMCFLY on May 04, 2024, 04:52:15 PM

Quote from: Quidat on April 15, 2024, 12:36:35 PM

1% or 2% which it doesnt matter much because luck factor would really be still the main consideration when playing up on a dice game or any similar games which we know that winning or becoming that profitable will really be just that basing up on how lucky you would be.House edge pertains on how much you would really be losing in overall wager in a particular time or duration depending or basing up on how long your bankroll would really be able to sustain. This is the main difference and its a misconception for most people about house edge and winning chance or odds which is really that completely different to each other.

For me it is very important that things in casinos have the house advantage because it is Synonymous with things being able to go well and being able to Withstand crises worldwide, so for me the house advantage is interesting, to think that it is bad for us. as players because it guarantees the casino to always have profits at our expense, but it is Valid worldwide , because the house advantage will always be the main basis for the business to always be generated, in itself, as I have always said, a casino is a company, and that company is what we see will do robberies over time, that's why a casino always survives, because of that house edge.

We can't change the norms, house edge will always be present in any games in a casino, they only differ in terms of percentage, some have 1% which is already low while some have higher house edge. They'll win in the long run, that's their advantage and since they can limit the bets, that makes them stay longer while they continue to be profitable. What we should ensure is that the casino is not rig, and then we will play with the house edge, if we are lucky we win but of course in the long run we will still lose. That's why we are suggested to just gamble for fun particularly on games that are based on luck.

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Quote from: bhadz on April 15, 2024, 12:42:12 PM

IMO, OP isn't really asking for variation of the games that he has mentioned for the house edge or its percentage. But he has mentioned a lot of bch.games and that's what he's sole purpose in making this thread. He has logged in on April 13 but never gave any of his thoughts to all of the answers that have been said for the questions that he has asked. If he's coming back soon and gonna break this thought of mine, that is totally okay and not a problem at all. This is my opinion since we get this a lot.

Just promoting a certain casino is common in some threads here. But would be nice if he will also give his opinion after reading some of the replies so readers will be interested on what this thread is all about. Also, after creating this thread, the OP has no more activity so wondering his real intentions here?

Besides, house edge has been tackled and discussed many times in the gambling discussion board. Just few example threads that you can check out -

Casino games and the house edge : Players odds to win?
House Edge -- Is It Really Required?
How do you calculate house edge...?

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Quote from: Quidat on April 15, 2024, 12:36:35 PM

1% or 2% which it doesnt matter much because luck factor would really be still the main consideration when playing up on a dice game or any similar games which we know that winning or becoming that profitable will really be just that basing up on how lucky you would be.House edge pertains on how much you would really be losing in overall wager in a particular time or duration depending or basing up on how long your bankroll would really be able to sustain. This is the main difference and its a misconception for most people about house edge and winning chance or odds which is really that completely different to each other.

For me it is very important that things in casinos have the house advantage because it is Synonymous with things being able to go well and being able to Withstand crises worldwide, so for me the house advantage is interesting, to think that it is bad for us. as players because it guarantees the casino to always have profits at our expense, but it is Valid worldwide , because the house advantage will always be the main basis for the business to always be generated, in itself, as I have always said, a casino is a company, and that company is what we see will do robberies over time, that's why a casino always survives, because of that house edge.

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IMO, OP isn't really asking for variation of the games that he has mentioned for the house edge or its percentage. But he has mentioned a lot of bch.games and that's what he's sole purpose in making this thread. He has logged in on April 13 but never gave any of his thoughts to all of the answers that have been said for the questions that he has asked. If he's coming back soon and gonna break this thought of mine, that is totally okay and not a problem at all. This is my opinion since we get this a lot.

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Quote from: Wiwo on April 15, 2024, 10:12:07 AM

Quote from: dimonstration on April 15, 2024, 09:25:18 AM

Quote from: Natsuu on April 11, 2024, 08:27:42 PM

That is why the true luck of the house or the casino itself is not an individual bet. But all of the bets cumulatively, with all the sample size of bets. Over the series of wins and losses over the gambler, the casino always wins. The casino always have the advantage, but still the gambler can outsmart this by knowing when to stop and not to take risk. By being content of their wins and not give it back to the casino. You may not beat the casino, but you may earn money and not lose it.

You can’t consider it as outsmarting because you can’t break the inevitable loss in the long run by just knowing when to stop because you didn’t have profit at all. You can consider it as safety measure or minimizing risk but not an outsmarting move because casino always knew that gamblers will never know how to stop on most cases.

The only to outsmart casino is involving on bets that gives +EV like arbitrage betting or other strategy that will give guarantee positive profit which casino doesn’t allowed. Cheesy

First thing to do is to accept the fact that when you are gambling there is the possibility of either losing at any time and for that it important to only gamble with what you can afford to lose, many ot the times it important to note all this things so as to play safe while in the casinos because many times you may likely lose to the house since the games are configured to favor the house all the time.

Also note that if the house edge is 2% vs 1% then means you have a variation in terms of what you achieve while at the casinos.

1% or 2% which it doesnt matter much because luck factor would really be still the main consideration when playing up on a dice game or any similar games which we know that winning or becoming that profitable will really be just that basing up on how lucky you would be.House edge pertains on how much you would really be losing in overall wager in a particular time or duration depending or basing up on how long your bankroll would really be able to sustain. This is the main difference and its a misconception for most people about house edge and winning chance or odds which is really that completely different to each other.

Somehow it is really that important for most people about in regarding the differences about those % which it might that look less to others but every point % would surely counts.
This is why they would really be deciding on sticking into those places which does have that lesser % house edge in compared to those higher ones which it would really be that a common approach.
It is really just that it is really that wrong in between HE and winning chance or odds.

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

How does this variation in house edge impact other games like Mines, Tower, and Crash?

I think both gambling platforms regarding the 'house edge' mechanism implemented are almost the same, if not different, only slightly different, as I can see.

Code:

Game House advantage
Slots : 2% to 15%
Video poker : 0.46% to 5%
Blackjack: 0.28% and up
Craps: 0.00% to 16.67%
Roulette: 1.35% to 7.69%
Ultimate Texas Hold’em: 2.19% and up
Let It Ride: 3.51% and up
Keno: 25% to 40%
Baccarat: 1.06% to 14.36%
Three: Card Poker 3.37% to 7.28%

What is certain is that the picture that can be taken is that each casino in general tends to apply a different house edge, of course for popular games, of course where this type of game is widely played.

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

Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Of course, the mechanisms vary and the advantages, in fact, as far as I know, not all types of games have the same percentage, there are various advantages offered to generate house advantages, low and high, I believe the house edge of Stake vs. Stake casinos. BCH.games is different, maybe Stake is bigger.

Topic: House Edge - page 4. (Read 1318 times)