How much is the effect of house edge (0 or 1+) on your result - page 2.

DarkStar_

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Quote from: Herbert2020 on October 04, 2016, 05:16:40 AM

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?

If the house edge was 0, I'd expect my result to be a little loss, a little profit or nothing, since the expected value is that your money stays the same. How much will it change my stats? If I'm betting with 2x and down to a 0% edge from 1%, I'd win 5 times more every thousand bets on average.

With my normal betting method (x1.01 - x1.04 multipliers), it would change my stats quite a lot since betting with those multipliers can be very -EV (basically paying 1% of my bet to try to win 1% more with a 1.01x bet)

newcripto

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I will just do agree with that if house edge isn't any more than should increase my chances in comparison to in presence and without it. It means me and casino have really equal chances like in sports betting. House edge's existence means whether I win or loose house in every situation makes money like winner. I do think there will much impact over results.

amacar2

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I will vote alot in a sense that some casino may offer this 0% house edge as promotional opening offer and may turned out as scam after they get few large deposits or they may go bankrupt after sometime, there is no point for any casino to have 0% house edge.

Red-Apple

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Quote from: altcoinhosting on October 04, 2016, 05:18:54 AM

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.

RocketSingh

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Quote from: trafficolaa on October 04, 2016, 05:27:47 AM

Technically it's not possible for any casino to promote any game with 0% house edge surely they will go for bankrupt in long run, I think if any casino has 0% house edge than it could be dangerous to play instead of short term promo, so that I also think there is no positive will come from that zero house edge.

At 0% House Edge, both house & player have equal winning chance in the long run. Hence, new sites may use this strategy to attract new gamblers instead of spending a LOT on marketing.

trafficolaa

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Technically it's not possible for any casino to promote any game with 0% house edge surely they will go for bankrupt in long run, I think if any casino has 0% house edge than it could be dangerous to play instead of short term promo, so that I also think there is no positive will come from that zero house edge.

buddu

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House edge is usually is related to casino gambling games. I don't think it will have much effect on my winning results because it is not going increase my winning chances at all. We can see sports betting where house isn't at all and still people are loosing money on matches. In casino gambling didn't try yet any site to say my experience. I would like to hear how this discussion move ahead.

altcoinhosting

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Quote from: Herbert2020 on October 04, 2016, 05:16:40 AM

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?

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...

Offcourse, they can obtain a little bit of income by placing adds, or by sending sollicited emails to their users, but i can not believe they'll gain enough money to keep an online casino running when they offer a lasting 0 percent house edge.

However, i think it would be a good move of some casinos to offer 0 percent house edge for a couple of days, in order to run a succesfull promo campaign... Lure gamblers in with a temporarry 0 percent house edge, get them hooked, then raise the house edge to normal levels (~1%)

Herbert2020

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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?

Topic: How much is the effect of house edge (0 or 1+) on your result - page 2. (Read 971 times)