What do you think about Casino with 0% Edge? - page 6.

crwth

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Quote from: serjent05 on June 21, 2017, 06:48:56 PM

Quote from: iluvbitcoins on June 20, 2017, 06:31:39 PM

Quote from: michaelch on June 20, 2017, 06:26:37 PM

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

I also agree that it would be interesting to play in such casino but iguess it is not impossible to play on that one. As far as I know there is a project where they aimed to setup a casino with 0 house edge. With their initial collection, I think they can sustain their project for a very long time. They can also earn from the token allocated to development fund. It would really a great thing for player to have such kind of Casino and would support it.

Probably in the free games that a website has or an online casino, they apply 0% edge there. Just like for trials so that they feel that they could win it and make more money on that website but it's not like that when there is money involved. It's going to be an easy thing for them knowing that they are like that.

shintosai

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Quote from: iluvbitcoins on June 20, 2017, 06:31:39 PM

Quote from: michaelch on June 20, 2017, 06:26:37 PM

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

Considering that mate it would take a lots of advertisement and needed a lots of players/gamblers for that site to survive or the owner will use free domain and other stuff just create one but its another problem who will be willing to take the risk when you see untrusted site like this that will hold your funds.

serjent05

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Quote from: iluvbitcoins on June 20, 2017, 06:31:39 PM

Quote from: michaelch on June 20, 2017, 06:26:37 PM

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

I also agree that it would be interesting to play in such casino but iguess it is not impossible to play on that one. As far as I know there is a project where they aimed to setup a casino with 0 house edge. With their initial collection, I think they can sustain their project for a very long time. They can also earn from the token allocated to development fund. It would really a great thing for player to have such kind of Casino and would support it.

matchi2011

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Quote from: iluvbitcoins on June 20, 2017, 06:31:39 PM

Quote from: michaelch on June 20, 2017, 06:26:37 PM

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

Good point. Like poker games for example. Though surely poker casinos earn profits from buy-ins, some entry fees and adverisements, but the concept of house edge doesn't really come into play there. So yeah technically there are casinos that doesn't have house edges.

iluvbitcoins

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Quote from: michaelch on June 20, 2017, 06:26:37 PM

I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not

What if it's a "casino" that's only player based? Like, you win based on other peoples losses
The website just gets advertising profits
Wouldn't be conventional, but would certainly be interesting

michaelch

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I would be surprised if all their games are 0% house edge. I'm sure they only have a few games that are 0%, because they still need to pay bills, their initial investment and make a profit.

If they're really running everything at 0% for the long-term, I would be slightly suspicious if their games are fair or not

South Park

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Quote from: bitbob82 on June 17, 2017, 06:59:04 PM

Quote from: South Park on June 17, 2017, 05:11:33 PM

Quote from: Monnt on June 17, 2017, 12:26:08 PM

Quote from: ethlover on June 16, 2017, 05:22:40 AM

I just thought, seriously, why we pay an edge in online Casinos?

Because almost all the online casinos are coming with player vs gambling-house type of gambling model. Hence obviously gambling houses need some advantage against the gamblers and they are taking it in the name of house edge.

They justify it like they needed it for their running costs coverage. The survival cost could be covered by having some fixed fees. Still we can see no gambling houses are preferring that but they always enforcing house edge against gamblers while playing.

To be honest I do not know how the games could be seen in any other way, in games like dice you are playing against the house, since you are playing under their rules is understandable that they give themselves rules that are favorable to them, the only games where that mentality does not exist is in those games where you are not playing against the house, like poker.

in fact the casinos survive with their house edge, therefore i do not think they they will survive for a long time. the may be able to sustain their position for some time and after that they will start facing so much problems.

Correct, imagine a casino wit no house edge, at some point it is going to go bankrupt, and if you liked to play there then someday you will find the casino is no longer open, which is why I think a casino needs to charge a house edge in order to pay for all their services and employees and by doing that they will remain in business for a long time and allow you to keep enjoying the casino and their games.

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Quote from: EdenHazard on June 20, 2017, 12:49:24 PM

Quote from: Jewell on June 19, 2017, 05:31:18 PM

Quote from: Pettuh4 on June 19, 2017, 05:06:44 PM

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.

yes that is right that it can not be possible and I do not think that any Casino can continue wit 0% edge for a long time. they must change their policy if they want to survive for a long time. because most of the casinos run on their hose edge and if they are not have any hose edge then they may not be able to continue surviving for a long time and very soon they will become bankrupt and will close their casino because of their continuous lost.

you guys need to completely understand about what actually house edge means and how it really works before join more serious discussion , i myself don't fully understand yet about that , the only i know that the house edge are thing that give casino profit and it is unseen.

0% house edge works only on a player vs player game and the casino take fee as their profit .

The good question before discussing this topic first we must know what is the 0% house edge means. It means the house will not come in between two players you people will play with betting some amount and the house will take care of that bet so that they will charge some percentage of overall bet amount. This is what I understood if it is wrong, please clarify this. Thank you.

EdenHazard

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Quote from: Jewell on June 19, 2017, 05:31:18 PM

Quote from: Pettuh4 on June 19, 2017, 05:06:44 PM

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.

yes that is right that it can not be possible and I do not think that any Casino can continue wit 0% edge for a long time. they must change their policy if they want to survive for a long time. because most of the casinos run on their hose edge and if they are not have any hose edge then they may not be able to continue surviving for a long time and very soon they will become bankrupt and will close their casino because of their continuous lost.

you guys need to completely understand about what actually house edge means and how it really works before join more serious discussion , i myself don't fully understand yet about that , the only i know that the house edge are thing that give casino profit and it is unseen.

0% house edge works only on a player vs player game and the casino take fee as their profit .

erpbridge

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Quote from: machinek20 on June 20, 2017, 07:52:55 AM

It sound great for the gambler if that site is legit, but I doubt casino with zero house edge can play fair and how will a casino will survive with zero edge, so no I wont play in the casino that has zero edge, it just sound not right

I think they definitely can. The reason is that gamblers usually keep playing till either they win big or bust. Even at 0% house edge, I am sure things can sway to casino's side where they would eventually win the same amount.

machinek20

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It sound great for the gambler if that site is legit, but I doubt casino with zero house edge can play fair and how will a casino will survive with zero edge, so no I wont play in the casino that has zero edge, it just sound not right

Jewell

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Quote from: Pettuh4 on June 19, 2017, 05:06:44 PM

I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.

yes that is right that it can not be possible and I do not think that any Casino can continue wit 0% edge for a long time. they must change their policy if they want to survive for a long time. because most of the casinos run on their hose edge and if they are not have any hose edge then they may not be able to continue surviving for a long time and very soon they will become bankrupt and will close their casino because of their continuous lost.

Pettuh4

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I don't think it's practical because the casinos need to make their money and offset their bills and staff salaries so with a 0% house edge it's just unfair and unrealistic for them to survive in business.

BitcoinzB

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You need to think of online casinos as businesses, just like normal casinos.. they may not have to pay for the same number of employees and infrastructure, but they still have costs to cover and a profit to make.
Although I think that they would still make a profit without house edge, they wouldn't still take the risk. I personally wouldn't trust a new online casino offering 0% edge either, they might go broke anytime since players would have a better chance at winning even in the long run

FrueGreads

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Quote from: ethlover on June 16, 2017, 05:22:40 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!

hmm the house edge is should represent their margin for profit. It's a business, and they have to spend money to manage their service so I don't think that a casino like that could exist. If they removed the edge, then they would at least have to create a commission for them. Maybe like exchange betting sites.

ethlover

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But they will have a 0% house edge on the games you need skills and luck for. Like blackjack where you not always play perfectly. So, according them, from the mistakes there is 0.87% edge. I think they could manage their business from this.

crwth

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When you think about it, it's somewhat right, you are paying that percentage for other things, and in real casinos, there are real benefits like free bottled water, candies, and other stuff that they give away for free. Some even give free tokens, like what you have in faucets in websites, and that's awesome. But they really won't do that because they want to have an EDGE for sure profit.

Rostadom

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Quote from: ethlover on June 16, 2017, 05:22:40 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!

People do everything to make money. What makes you think online casinos will be an exception? There's this Edgeless casino called edgeless. They have a thread in this forum and they have their very own coin as well. I honestly think that they are just using the 0% edge as a marketing strategy. Quite a lot are mentioning about it. When people start playing in their website, the house edge doesn't matter that much anymore. Just like in every other gambling sites, you're tend to lose money from this edgeless casino. And they are going to make much more from that even without the edge.

just_Alice

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Quote from: marlboroza on June 18, 2017, 04:24:03 AM

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Quote from: just_Alice on June 18, 2017, 03:01:53 AM

But running a site without house edge you can earn on placing ads from other gambling sites if your site becomes popular. PVP casino without any house edge would be a popular site among gamblers because many of them think that it is the house edge what beats them.

What "ad" has to do with house edge?

A gambling site can earn money either from the house edge or form the ads placed on it. And I disagree with above comments that the money from placing ads wouldn't be sufficient to maintain a gambling site. Dependening on the popularity of a site the price for placing ads may vary.

CasinoLeisure.com

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Quote from: ethlover on June 16, 2017, 05:22:40 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!

It depends on various factors. Does the casino have 0% house edge for all their games or only a select few? Do they intend to have 0% house edge forever or eventually they will revert to normal house edge games?

This could be a gimmick to lure gamblers to their casino and lets them acquire a large customer base, which they will eventually monetize.

It could be that they're making money in other ways as well, such as charging fees for deposit and withdrawals or something else.

Topic: What do you think about Casino with 0% Edge? - page 6. (Read 3751 times)