Variable house edge - page 2. | Bitcointalksearch.org

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: syamster on March 31, 2015, 06:50:23 AM

hmmmmmmmmmmm..... now I understood... variable are better so that they can create a userbase in the competitive industry... thanks for the info mate....so its basically a promotion tactics, later they can change the house edge....

You're welcome!

So, in a sense, a negative house edge can be considered more as an investment option for those dice sites that don't want to bother about allowing users to invest directly or on a permanent basis (or just don't want outside investments altogether)...

syamster

hero member

Activity: 1078

Merit: 501

hmmmmmmmmmmm..... now I understood... variable are better so that they can create a userbase in the competitive industry... thanks for the info mate....so its basically a promotion tactics, later they can change the house edge....

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: syamster on March 31, 2015, 06:36:54 AM

Yes interesting, but do you think, they started a dice site for giving away money ? I dont think so...

They won't be giving away money, they would be sharing some of their profits, right. But if the house may in the end earn more with a variable house edge than with a fixed one (through expanding their userbase), this would be a wise business strategy, wouldn't it?

syamster

hero member

Activity: 1078

Merit: 501

Yes interesting, but do you think, they started a dice site for giving away money ? I dont think so...

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: syamster on March 31, 2015, 06:30:03 AM

What will be the difference between negative and positive edge ? I tried lots of dice sites, at last every one is same, my account become zero, so whats the advantage you are talking about ?

If you mean an advantage to users, then, for example, making the house edge dependent on the house profit gives you a real possibility to earn something there. Is this not interesting enough to bring in new players? To me, it would look more like investing, though still giving you a thrill and jeopardy of losing everything in the end...

syamster

hero member

Activity: 1078

Merit: 501

What will be the difference between negative and positive edge ? I tried lots of dice sites, at last every one is same, my account become zero, so whats the advantage you are talking about ?

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: 98problems on March 31, 2015, 06:01:08 AM

Quote from: deisik on March 31, 2015, 05:33:41 AM

Quote from: qwer312 on March 31, 2015, 05:24:28 AM

variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more

As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book), which pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops...

wait so the variable house edge would be different for different amount of bets not for win/lose contrast? if yes the casino will not attract players

What made you think so? Actually, I had two ideas regarding a variable house edge (which I proposed in the Negative House Edge thread). The first one is about the house edge being dependent on the time interval between bets, i.e. the lesser the gap, the higher the edge. The second idea makes the house edge depend on the house profit, i.e. the higher the profit, the lesser the edge...

Updated the opening post to avoid further confusion

98problems

sr. member

Activity: 364

Merit: 250

Quote from: deisik on March 31, 2015, 05:33:41 AM

Quote from: qwer312 on March 31, 2015, 05:24:28 AM

variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more

As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book), which pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops...

wait so the variable house edge would be different for different amount of bets not for win/lose contrast? if yes the casino will not attract players

katerniko1

legendary

Activity: 966

Merit: 1000

if its negative to positive it would be great

fox19891989

hero member

Activity: 840

Merit: 1000

IMO slot may have variable house edge.

I have tried slots in a casino, and I use the same bankroll and the same bet, even I played in the same slots, I have different result in different time.

Maybe the reason is luck, the more reasonable explanation could be variable house edge.

I guess casino can change or set the house edge of slot? I am not sure.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: qwer312 on March 31, 2015, 05:24:28 AM

variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more

As they say, show me your money! This reminds me of many currency exchanges out there, that charge crazy fees (even for just placing your orders on the order-book). They pretend to be working with "big fish" whereas many of them are in fact just money-laundering shops...

GrandmaJean

sr. member

Activity: 280

Merit: 250

Quote from: qwer312 on March 31, 2015, 05:24:28 AM

variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more

well it could be positive house edge too so why would anyone play on -2 % edge while they could play on positive house edge?

qwer312

member

Activity: 84

Merit: 10

variable house edge only attract small fishes.. big fishes doesnt want 2%HE or more

GrandmaJean

sr. member

Activity: 280

Merit: 250

Quote from: deisik on March 31, 2015, 05:14:46 AM

This topic should considered as a part of a related topic of negative house edge, but since people tend to repeat again and again what has already been discussed in that topic, I thought It would be wiser to start a new one dedicated to this issue only.

Would a variable house edge (probably, from negative to positive) attract new users, and is this idea viable at all?

of course it would attract more players. even though it would be still impossible to beat the casino. i think its the way for casinos to get more players

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

This topic should be considered as a part of a related topic on negative house edge, but since people tend to repeat again and again what has already been discussed in that topic, I thought it would be wiser to start a new one dedicated to this issue only. Since many think the idea of a negative house edge is stillborn, I suggest that the house edge should depend on either the betting speed or house profit...

So, would a variable house edge (probably, from negative to positive) attract new users, and is this idea viable at all?

Topic: Variable house edge - page 2. (Read 1213 times)