Topic: What do you think about Casino with 0% Edge? (Read 3735 times)

Me either, haven't seen a casino with no edge even though some provide free bets and other perks to reduce it or we can say to attract new customers. I sometime wonder even if casinos had no edge we would still end up loosing, imagine this as betting with your friend who has 100 times the money you have and you bet with him at equal odds, still I believe he would come on top most of the times.

Some casinos apply this strategy but even more smartly like they will allow a table of gamblers where they take no edge and allow people to gamble with each other.

Who says they don't give any thing to us?
The environment part may be correct but the girls are still available for live dealings and you also get bonuses - around 100% deposit bonus and some casinos also offer more with some strings attached of course. Though, if it is a 0% edge and will give the same experience we get on casinos that have some house edge, then why will players not gamble there?

Casino is a service company which has costs.

You may manage it, but it would be never have ZERO costs, so company has to have income (earns, donations..... fraud doesn't matter)

Nothing is free in this life.

There have been several casinos that have zero percent commissions.

They usually run on a different payment model instead, such as charging on deposits or withdrawals, or requiring a membership fee to access.

I've even seen casinos that simply run on donations, but they never last long.

I have been at times in casinos where they as a part of promotion allow gamblers to place bets with no house, but obviously that is just part of promotion to get the gamblers rolling on their site and once they see that you are used to of the casino they will just increase the edge every so slightly you won't even know at first glance only until you notice your payouts are smaller than before.

And they invest that earned amount to generate some lucrative offers that brings more customers which they won't actually get if even they work at 0 edge.

I think that a casino is the same intermediary as exchanges, only in a casino you can additionally lose your money to the casino itself.
Nevertheless, I have not yet met a casino with zero commissions. All casinos operate on the same principle, which means maximizing profits will be a priority for any of them.
The commissions, as we know, bring a stable and very high income, then why should the casino refuse them, because people will walk smoothly no matter what.

Gambling site or places is a business and making profit or money into its owner is by means of house edge.Imagine if this thing is absent?

You cant say totally that you can monetize your site thru advertisement or any similar means.Its not sustainable for long run and imagine that site
expenses arent cheap , from staff to maintenance - you will surely need some funds.

Yeah, we never know what will happen to the gambling sites to running their site for a long time. We can hope that the gambling site can operate their websites, so they also have the opportunity to grow their business. Maybe some help from the other individual will be necessary to maintain the site, but they should use the other way to pay the expenses for their website by monthly. But they should think about how to get the profit if they use that way.

Haven't seen a casino with 0 house edge. One way or another they have to find other means of revenue or else they will end up being bankrupt. Casinos were able to sustain their business and expenses through the house edge. If there are certain games where they will imply 0% house edge they must have added it on other games' edge or get their revenue from promotions and ads or other means.

thats the big question on they will get another revenue since house edge is the main way how gambling sites continues to operate.
no wonder what they will offer or do just to pay for their expenses in operation,because gambling site cannot be run by single person so they need to pay for other individual to help them out.

Maybe they will use another form to still getting revenue. I just cannot imagine how they can pay the expenses to maintain their website, but I think they will have a way to divide their money between the revenue and the costs. I don't think that people will feel better if the site claims 0% edge because people will still believe that it is impossible to have that claim. So that will depend on the people to choose that site to gamble or search for the other gambling site.

0% house edge is not totally a 0% house edge, it is just pure marketing, that is all. Gambling sites only says they are 0% house to attract players, because who wouldn't want to increase their chances on winning in gambling, right? You cannot basically called it a scam because they are paying you, the right term would be is that you've been "trick[ed]", you think you've outsmart them but to be honest, it is the other way around.

Therefore you guys will started to think why are you still losing even if they had 0% house edge, well, that is business, and it requires profits, so you have to be smart as possible in order to run your business in the long run.

Not really. They can always employ a different form of revenue. I do agree I haven't seen a 0% place that's madly successful. I think the concept was great marketing but in reality people feel cheated when it claims 0% edge but then starts taking commissions on dapps or others (which is the usual model).

Yup, the gambling sites will always gain more and more profit from the gamblers. I am too worry if there is a gambling site implement the 0% edge, and that will make me curious about how long they can survive by not taking the profit. The gambling doesn't want to share their profit with the gamblers unless the gambler can have luck in the middle of the games so the gambler can win that game.

though i don't really agree on the majority of the idea but there is truth in this matter,because how can they survive not having edge from every bets?
gambling sites gains big profit from the house edge and making this zero?there are some other factor to consider and be aware of every gamblers,not because offering is advantageous to us meaning we are the one will benefits because Site owner needs to make money and not to give for gamblers.

I totally agree with your opinion..  gambling sites that implement 0% house edge will only make crimes like cheating people who have deposited on their gambling sites because they don't have the funds to make their sites survive.

^ Definitely right, probably there are possibilities that were selectively scamming people. Let me explain, just because, in traditional casinos, you can see all the employees physically doesn't mean online Casino doesn't have employees. An online casino might also have few employees, but guess what? You cannot compare the salary of a developer to a casino employee. But for sure Online Casino developer does have some benefits the same as the normal employees. But the basic salary is the difference. Nevertheless, what I mean is, Online Casino has to get edge payment at least minimal so they can also pay for their company expenses. Makes sense right?

I don't think any service claiming a rate of 0% is real or reliable because this is not possible. Generally, we can see that many services offer a minimum rate of 0.5% and a maximum of 3%. This ratio is predominantly at 1% levels and these ratios are both acceptable and realistic. If I think that zero rate is not possible and not believable, I think it would be beneficial not to use such services because no service that indicates rate can gain user trust in this way. For this reason, I do not trust any services that claim this rate and do not use any services. I do not recommend anyone to use it.

If the gambling site applies a 0% edge, I don't think that they can pay any cost for their website because if they cannot get much profit from the gamblers, they cannot get the money. Besides that, maybe they will online for a short time because they cannot maintain their site and cannot pay any cost that will need monthly.

That can attract the gambling site to scam the gambler who deposits some money or big money because that will be a good target for them to get the money.

I think a 0% house edge game could be made feasible if it didn't carry risk for the house. As part of the services offered from a gambling website, it could serve as a source for traffic while profit is earned from other opperations.

Let's say, a dice site has a classic dice game as its main service, but also maintains a "market" for players to bet with 0% house in player vs player bets.
The casino would provide provably fair rolls for such wagers. Users could create "orders" in the market and have somebody match their order, or match the orders of others.
Orders would consist of tickets (lets say one satoshi each ticket) that would indicate the money locked by the order maker and a % chance percentage also set by maker.
Users willing to participate could buy as many tickets as they'd like for an order, and the purchase of the final ticket would result to a wager.

So for example, I go in the market to create an order, I want to bet 100 satoshi with a 50% chance to win. The casino creates an order of 100 tickets bought from me, and opposing tickets will also be 100. Once the rest of the 100 are bought, the house wagers and rewards the winner(s). The disadvantages might be that gambling in this manner isn't instant unless you find exactly the bed you want to do already in a "market order".

Perhaps to further justify providing this service, the casino could allow users depositing funds be opted in for bankrolling the main (for profit) dice game.

This idea isn't new, it's been done by peerbet in the past. Not sure if it's still offered there. Anybody know other websites offering 0% user to user wagers?