What do you think about Casino with 0% Edge? - page 10.

hatshepsut93

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Quote from: ethlover on June 16, 2017, 06:22:40 AM

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

First, online casinos have their spendings too. They need to pay for servers, they have stuff like moderators and support, they have to pay for development and maintenance and marketing. This means that they have to cover those spendings with their profit, otherwise they will be operating in a loss. And then, what's the point in 0% Edge casino for owners and operators? They will be giving out their time and money and not guaranteed to get profit in return just so some people can gamble with no edge. I can't see any reasons why someone can do this.

tiggycomb

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That casino has something wrong, but this isn't how the gambling field works, honestly, playing there might be multiple times more risky than playing in a 1% site, why? :
- Gambling website owners aren't gambling themselves, this 1% insures the long-term success of the website, in addition to salaries, hosting etc.. if there is no house edge, then these funds, even if covered, would be like the owners gambling themselves.

This casino is abnormal IMO, unless it offers the 0% for a week and then change to a normal fees.

blockman

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Quote from: eaLiTy on June 16, 2017, 06:59:51 AM

Quote from: ethlover on June 16, 2017, 06:22:40 AM

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

What project are you talking about,you really cannot have a zero edge casino ,if your casino consists of just black jack and video poker then you could have a zero percentage edge casino but with other games there is no way that the casino could profit with zero percent house edge,if some one is planning to start one,then be prepared to loose money. Cheesy

I don't have an idea with it, maybe he's talking about edgeless casino? I don't have any update with that project. Maybe he is pointing out with that project? And OP you did already answered your question on why we need pay casino's edge.

NLNico

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Quote from: ethlover on June 16, 2017, 06:33:44 AM

yes, sure but still according the calculations and imperfection of the person, there is a 0.87% edge so, when they are putting on the top it means they are taking let's say 1.87% edge.

No, 0% house edge = 0% house edge.

Most bitcoin (dice) games have a 1% house edge. Some even 0.3-0.5%. That is very low already. There is nothing "on top". The casino still has a risk to lose (a lot) of money short-term as variance can be bad (and good for player obviously.) So I think it's fair.

The only way to reasonable have 0% house edge games is if it's player versus player. But generally the entertainment/usability for the player is less that way, so these sites generally don't even get popular despite the 0% edge.

edit: There are some games like blackjack or video poker where the play/skill of the player changes the expected profit. I guess you were talking about that. In that case 0% HE is somewhat possible. Most gambling games (dice, roulette, slots, etc) don't involve "skill" though.

erpbridge

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Sure it will be better as a gambler for me, but I don't think any casino owner would take that risk. They can lose everything in one go to a high better just based on luck.

It is also why no one has ever done it till now . Just a no win.

DRaGoN RaNTaRo

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Quote from: zikabra on June 16, 2017, 06:59:08 AM

I like that and i will play in casino without house edge.
But i think this is going to be promotion for new casino and that's it.

Even as a promotion you wont get 0% house edge ,as said earlier if it is blackjack or poker then it is based on skill and you can have with 0% house edge,other than that you wont be able to see any casino without house edge.

eaLiTy

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Quote from: ethlover on June 16, 2017, 06:22:40 AM

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

What project are you talking about,you really cannot have a zero edge casino ,if your casino consists of just black jack and video poker then you could have a zero percentage edge casino but with other games there is no way that the casino could profit with zero percent house edge,if some one is planning to start one,then be prepared to loose money. Cheesy

zikabra

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Quote from: ethlover on June 16, 2017, 06:22:40 AM

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

I like that and i will play in casino without house edge.
But i think this is going to be promotion for new casino and that's it.

ethlover

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Quote from: LuanX3 on June 16, 2017, 06:31:13 AM

You can compare the house edge of regular casinos in real life versus the house edge of online casinos. Online casinos just charges 1% or near that amount but compared to real ones, they charge about 5% or more.

Also, remember that even if these casinos are online they still need to pay for a lot of stuff to make them work. It's not like they are running everything for free.

Wouldn't that be fair like in Edgeless casino where they are having 0% house edge and it is more equal between casino and player.

Quote

I hope you do understand that betting even without house edge does not guarantee you will win in the long run and that the casinos will not profit from this. Statistically, the casinos have an edge over their gamblers, that is why it is called house edge. But if you analyze an infinite number of games, then you'll realize that there is a chance that the gambler will lose as much as an unlimited number of times in a row. However, this is also true with the house. The only problem is, the house still has more money than the gambler and the house as imposed a limit to the amount a gambler can bet.

Yup, that is what I meant by 0.87% edge that casino automatically have

michkima

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I hope you do understand that betting even without house edge does not guarantee you will win in the long run and that the casinos will not profit from this. Statistically, the casinos have an edge over their gamblers, that is why it is called house edge. But if you analyze an infinite number of games, then you'll realize that there is a chance that the gambler will lose as much as an unlimited number of times in a row. However, this is also true with the house. The only problem is, the house still has more money than the gambler and the house as imposed a limit to the amount a gambler can bet.

ethlover

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yes, sure but still according the calculations and imperfection of the person, there is a 0.87% edge so, when they are putting on the top it means they are taking let's say 1.87% edge.

LuanX3

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You can compare the house edge of regular casinos in real life versus the house edge of online casinos. Online casinos just charges 1% or near that amount but compared to real ones, they charge about 5% or more.

Also, remember that even if these casinos are online they still need to pay for a lot of stuff to make them work. It's not like they are running everything for free.

ethlover

newbie

Activity: 21

Merit: 0

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

Topic: What do you think about Casino with 0% Edge? - page 10. (Read 3723 times)