What do you think about Casino with 0% Edge? - page 8.

just_Alice

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Quote from: Golftech on June 18, 2017, 12:43:04 AM

Quote from: mrcash02 on June 17, 2017, 08:03:19 PM

Quote from: marlboroza on June 17, 2017, 06:54:25 PM

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

i'm not sure if someone would be willing to do that mate, its a problem because no one would spend their time and money just to earn a little while you can create a house which you can put on some investment and will be able to earn big if many players will played.

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.

freebutcaged

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There is even a shittoken called edgeless on ethereum and that is just utter bullshit, only sports betting p2p platforms if there are any real ones.

P2p edgeless if you ever find share it here mate. but let me remind you that I'll know if it's really an edgeless system and it's not rigged after the

Few bets, wins and losses.

bajing

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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!

From where you heard the news, it is very unlikely they will open an online casino with 0% house edge then from where they will get a profit if not taking that's because house edge is their main source of income. i'm not sure this project will come out.

Golftech

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Quote from: mrcash02 on June 17, 2017, 08:03:19 PM

Quote from: marlboroza on June 17, 2017, 06:54:25 PM

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

i'm not sure if someone would be willing to do that mate, its a problem because no one would spend their time and money just to earn a little while you can create a house which you can put on some investment and will be able to earn big if many players will played.

coynedterm

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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!

In my opinion instead to see the house edge whether 5 to 4 to 1 to 0.5 to 0.1 to 0% ( I had seen in my life ) and here the case of discussion is of the 0% , and I will never believe at such things because I had never get any casino with 0 house edge , here House edge will show that the chances of winning and Loss your bet is 50-50 but in reality there is always remain 60-70% chance of loss because if you will play for long run then you will loss whether anything will be house edge .
Here I myself when made Betti and at satoshimines , freebitco.in ( with my special trick ) then I lost my all Bitcoin after 1.5 hour continues gambling , that is was I get , only cheating with the name of house edge lowest.
So here I will say that keep himself away from the casino and try once betting for sports games , no house edge , no rule of limit , no time limit , maximum bet amount .
To get better betting experience try once cloudbet or nitrogen sports for better odd .

cafucafucafu

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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!

The house edge is there so that the site owner can make a profit in the long run.

If there is no house edge, then it would mean there is no thereotical profit in the long term that the casino is going to make. So what's the point of owning a casino? You pay for the quality of something, casinos are no different. If you find a lower house edge casino, the experience you get and the entertainment you receive isn't going to be excellent quality, that's for sure.

I think you're referring to edgeless here. It looks as though that the token has been heavily promoted for ICO purposes. I really don't see the point in the project. To use this you have to have quite an in depth knowledge of smart contracts and ethereum. What's the incentive for investors to provide bankroll for this casino to run? I don't get it. They are not guaranteed any profit.

mrcash02

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Quote from: marlboroza on June 17, 2017, 06:54:25 PM

There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

It's possible to have a zero house edge casino if it's a PVP casino (player versus player). All the money goes from one or another gambler, but this way the house won't make profit, so it's hard to know if someone would spend time running a service like this, making profit only from withdraws and maybe deposits. But for gamblers it would be a different concept of online gambling.

magneto

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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!

There is chain-bet and edgeless i think that are both 0% casinos.

One thing is for sure - 0% house edge casinos are not going to make profit in the long run. In fact, they are playing a negative sum game because they still have to pay the fees for hosting servers, writing code, etc. Nboody is going to pay that for them.

It's great for the consumer, but you have to think about it especially if it's a centralized casino. Why are they offering 0%? There must be some sort of incentive for them to operate the site, right? They can't just advertise, host, and do support for free whilst having 0% house edge. So there is a lot of potential scams out there that involves low house edge to lure you in, 999dice comes into mind as well. 0.1% is not a sustainable business model in the long run, so they resort to rigging your rolls.

bitbob82

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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.

marlboroza

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There was similar topic few months ago and I am not buying this 0% edge story.
Casino is making profit because of that edge, if there is no edge than casino won't make profit.
Answer is in ann thread: black jack & sport bets. So, it's not 0% after all.

rytyr

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What would this even mean if it was advertising as a site with 0% house edge.
In my mind this means they rarely lose which seems to me to be impossible really. Embarrassed

South Park

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I am terrible at Fantasy Football!!!

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.

cn991

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Would you mind explaining the technology behind it? because according to the gambling system we follow right now, a house edge is a must for any casino, and casino's with relatively smaller ones 0.01% etc... end up being scams as time pass.
The only possible 0% case is a player vs player game, were no house playing is involved, but even with these, the website would still ask for some kind of commission because:
How can the website afford to run servers, hosting, promotions and a payment to the owner? with a provably fair game, the odds are 50-50 and unless the owner is gambling himself by operating this website, a house edge is needed.

Reid

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Quote from: digaran on June 16, 2017, 10:19:01 AM

That's a lie a juicy and fat and wet and hot lie(lol don't take me as a pervert) you can't sustain a business if you don't cheat(have no edge) look at all of the so called successful casinos around here, they all cheat otherwise they would go bankrupt in no time.
Unless you are playing against other players and not against the house then yes that is a good thing but lets be honest since when the house lets you bet against others? then what would they earn if they did that? no body donates their time, effort and servers for us to play and bet against each other.

Be careful you are revealing them. Grin

I do think that way too. This is business and they need profit.
Where would they take that if they let every gambler just win.
They call it "luck", I call it being there at the right time at the right place.
There maybe minutes for they let people win then goes back to eating their monies.

PokerFace3

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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.

You mean to say house are defeating us just through house edge ? I am not ready to agree this. It is just a game, there would be one winner and also there must be a loser. This applies to player vs player scenario also. Gamblers play multiple time hence they face losses. If you play only one roll in dice gambling then you might win near to 50%
That must be the actual possibilities of any gambling.

Monnt

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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.

iced21

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That idea, although very tempting for the user, however is very unsustainable and impractical for the casino, if they have no house edge then it would be the same as them gambling like everyone and not a house (casino) anymore.
Some start with a promotion like reduced house edge for x, but that's not done forever and just for a week or so.

Pab

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You can read here how Edgeless will work https://medium.com/@VerthagOG/edgeless-investment-review-d3017f648bf7

I am expecting all kind of black post about edg,sponsored by casinos

just_Alice

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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!

First of, you shouldn't deposit your money on a new gambling site with 0% House Edge because it might be a trap. Secondly, it's not because of the House Edge we lose in gambling. If that was the case then we'd lose only 1% of our deposit when playing on a site with 1% Edge, but for some reasons we lose it all. And the main reason is bad luck which is much worse than any House Edge however big it was.

thisappointed

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Quote from: erpbridge on June 16, 2017, 06:15:06 AM

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.

There is already a gambling site which do have 0% house edge and that is Edgeless.io. I don't know how they are still making a bankroll if they do have 0% of house edge right? but I think that having this 0% house edge means that the players would win always. Maybe the chances of winning is higher than those gambling site which do have bigger house edge.

and it is pretty good idea to have this gambling site because it would be more addicting because of the 0% house edge that they do have.

Topic: What do you think about Casino with 0% Edge? - page 8. (Read 3735 times)