House edge believe it or not effect the game allot because the casino still has the advantage so from the beginning you are in a position to lose.
It is a fact that most people lose more times so it is not weird that it has an effect on the outcome.
Topic: How much is the effect of house edge (0 or 1+) on your result (Read 988 times)
I don't think it can have any impact over my results. House edge is charged for covering the running costs and other stuff which covers many thing related to any casino. It is not going to increase your chances since people money is divided among them. House is going to be effected in this case. Sports betting is biggest example where with zero house edge still we loose bets.
The results of this POLL has been very interesting so far with everything in a balance!
but it is still not enough to make a decent conclusion about what everybody things since the total number of votes are too low.
so please Vote if you haven't already so we can reach a better conclusion.
but it is still not enough to make a decent conclusion about what everybody things since the total number of votes are too low.
so please Vote if you haven't already so we can reach a better conclusion.
i think in games that we are playing like dice games, the house edge is not so effective in the final result. i have tested this theory a while back on a dice site that was new and was offering a 0% house edge as promotion and i got the same losing streak that i get when playing 2x and martingale.
having 0% house edge would not affect or increase your winning chance when you are playing gambling because the results would be still the same. 0% house edge means that is the percentage taken by the house in each bet thats why they are profitable in each bet youve made.
i bet you didn't understand what you said yourself
the chances to win obviously change with 0% house edge. it is about 0.5%change in the chance to win and although it is small but it is still a change that can affect the resul.
and this is why i voted for a little.
If casinos offer 0 house edge or minus house edge, players will bust the casino in the long term, it effects a lot.
i think in games that we are playing like dice games, the house edge is not so effective in the final result. i have tested this theory a while back on a dice site that was new and was offering a 0% house edge as promotion and i got the same losing streak that i get when playing 2x and martingale.
having 0% house edge would not affect or increase your winning chance when you are playing gambling because the results would be still the same. 0% house edge means that is the percentage taken by the house in each bet thats why they are profitable in each bet youve made.
i think in games that we are playing like dice games, the house edge is not so effective in the final result. i have tested this theory a while back on a dice site that was new and was offering a 0% house edge as promotion and i got the same losing streak that i get when playing 2x and martingale.
i saw this topic about finding a gambling site with zero house edge and it got me thinking.
how much do you think 0 house edge is going to change your stats (win/lose)
obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?
how much do you think 0 house edge is going to change your stats (win/lose)
obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?
I saw that topic as well.
No. I don't think 0% isn't gonna make much of a difference over .05, .08, 1%. Over the long term, it may tip the win/lose stats but, it would still depend on how we play.
There would be other things to consider as well since it's either offered by a reputable/known site as a promotion/event or a very new site claiming to have 0% HE. Now if it was a promotion, then ok.
On the other hand, if it was a very new site/unknown claiming to have 0% HE, first thing to come to my mind is "shady". Makes me wonder, where they'd take their revenue from if not from HE. Are they just gonna bank on players always losing?
(I think they'll either 'fix' things to make sure of win/loss ratio or just find some other ways to take my coin.)
I'm not gonna gamble on that.
0% house edge is simply not feasible if it's not a PvP game. In PvP games, they can have 0% house edge as the house takes a cut of the player's winnings or deposits.
People are saying that 0% won't make much of a difference, but in reality, it does. No house edge means you have exactly 50/50 chance of winning if you bet at 50/50, which makes it possible for the gambler to profit in the long run. That's why there is a green slot on roulette, it's so you can't have truly 50/50 odds. You can read more about it here.
i saw this topic about finding a gambling site with zero house edge and it got me thinking.
how much do you think 0 house edge is going to change your stats (win/lose)
obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?
how much do you think 0 house edge is going to change your stats (win/lose)
obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?
I saw that topic as well.
No. I don't think 0% is gonna make much of a difference over .05, .08, 1%. Over the long term, it may tip the win/lose stats but, it would still depend on how we play.
There would be other things to consider as well since it's either offered by a reputable/known site as a promotion/event or a very new site claiming to have 0% HE. Now if it was a promotion, then ok.
On the other hand, if it was a very new site/unknown claiming to have 0% HE, first thing to come to my mind is "shady". Makes me wonder, where they'd take their revenue from if not from HE. Are they just gonna bank on players always losing?
(I think they'll either 'fix' things to make sure of win/loss ratio or just find some other ways to take my coin.)
I'm not gonna gamble on that.
If you are a casual gambler like me then house edge doesn't really matter i mean if there is 0% edge means you will have perfect 50% change of win at x2 (in a dice) while with house edge its like 49.5 It densest really make alot of difference. But if you gamble alot and in big amounts then it can affect tiny percentage of your winning.
well if you are a big gambler and intend to get rich from gambling then house edge is very important things to consider, because it can affect your profit, but if you are just small gambler and play for fun i dont think you should bother about the house edge, and for casino house edge is an important source to make profit
thanks for all the inputs so far guys.
to those who say the effect is a lot (votes) and maybe think the casino is going to be bankrupt :
lets take a dice game with 1% house edge like bitsler for example. with 2x multiplier the chances are 49.5% and now this is the interesting part: if the house edge were 0 my chance with a 2x multiplier would have been 50% so the chance of winning has improved by only 0.5%
now do you still think it is a lot?
also is there any dice site that is offering 0 house edge to test some stuff?
to those who say the effect is a lot (votes) and maybe think the casino is going to be bankrupt :
lets take a dice game with 1% house edge like bitsler for example. with 2x multiplier the chances are 49.5% and now this is the interesting part: if the house edge were 0 my chance with a 2x multiplier would have been 50% so the chance of winning has improved by only 0.5%
now do you still think it is a lot?
also is there any dice site that is offering 0 house edge to test some stuff?
It't not that hard to setup your own dice site: https://github.com/felinegambler/CryptoDice
This way, you can simulate any strategy, do statistics,...
WARNING: only use this script with testnet coins, or with completely worthless (1sat) altcoins... It has many loopholes (it's rumored it even has a backdoor where the dev can steal your coins) and is 100% unsecure to run in a production environment!!!
Have fun
thanks for all the inputs so far guys.
to those who say the effect is a lot (votes) and maybe think the casino is going to be bankrupt :
lets take a dice game with 1% house edge like bitsler for example. with 2x multiplier the chances are 49.5% and now this is the interesting part: if the house edge were 0 my chance with a 2x multiplier would have been 50% so the chance of winning has improved by only 0.5%
now do you still think it is a lot?
also is there any dice site that is offering 0 house edge to test some stuff?
to those who say the effect is a lot (votes) and maybe think the casino is going to be bankrupt :
lets take a dice game with 1% house edge like bitsler for example. with 2x multiplier the chances are 49.5% and now this is the interesting part: if the house edge were 0 my chance with a 2x multiplier would have been 50% so the chance of winning has improved by only 0.5%
now do you still think it is a lot?
also is there any dice site that is offering 0 house edge to test some stuff?
how much do you think 0 house edge is going to change your stats (win/lose)?
House Edge doesn't effect with your winning chances anymore and if the site offers 0% house edge these sites would be bankrupt in the long-run because from House Edge the profit comes from and automatically adds the bankroll for every bet we made and it makes the site can withdrawing any amount you want as long as you have the funds And nowadays no one site offers 0% house edge because it's become worthless for building the gambling site and want to get the profit.
For me I really think house edge doesn't matter in my situation because I mostly bet on sports and esports but in an online sportsbook which has an house edge doesn't really impact the chances of winning / lossing it only makes us bet a little more like betting $110 to win $100 instead of betting $100 to win $100 if theres no house edge.
It would not affect your winning chance though even if the house would have 0% house edge the result would be still the same the difference is just that the house didnt get a profit on everytime you play since it has no house edge and i cant see any gambling sites do have these kind of house edge. lol
If the house would offer 0 house edge, the net result would be break even in the long run, but only if you play perfect strategy .
In dice it wouldn't matter, you would break even if you kept the bet sizes etc consistent. In black jack you can still be a losing player if you don't follow perfect strategy (e.g. not hitting on 16 when house has a K as face card). Roulette would basically not have the 0 and you can break even if you play for a consistent number, even, top third, etc.
In dice it wouldn't matter, you would break even if you kept the bet sizes etc consistent. In black jack you can still be a losing player if you don't follow perfect strategy (e.g. not hitting on 16 when house has a K as face card). Roulette would basically not have the 0 and you can break even if you play for a consistent number, even, top third, etc.
i saw this topic about finding a gambling site with zero house edge and it got me thinking.
how much do you think 0 house edge is going to change your stats (win/lose)
obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?
how much do you think 0 house edge is going to change your stats (win/lose)
obviously, you have a better chance of winning when there is 0 house edge but what do you think your result would be in long term if the house edge was 0 instead of 1% for example?
i would still think the house will be in profit. why? because so many gamblers can't control their greed, even if they are winning they will still continue to bet trying to win more until they lose all their money. honestly i don't think the house will lose unless they give +EV to players
my vote goes to the last option because i have never saw a 0% house edge on any of the sites that i have played at.
i would love to find some and give it a try to have a better sense of how things are going to change if i have equal chance though.
i would love to find some and give it a try to have a better sense of how things are going to change if i have equal chance though.
Personally, i think a casino game (any game) with a 0 percent house edge will either go bancrupt in the longrun, or will result in cheating...
i don't think so.
because people usually don't use good strategies and they are wasting their money in most of these gambling sites.
for example i have seen new dice sites that start off with a 0% house edge and there aren't that many winners on the site to win and bankrupt the casino.
house edge is like a guarantee in my opinion.
and also add to this, the fact that a lot of the gamblers will continue gambling when they win and if a losing streak hits them they lose all they have won so far.
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