Which Casinos Have the Lowest House Edge?

shoreno

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Quote from: tsaroz on October 15, 2019, 12:40:29 PM

Quote from: MonsterV on October 15, 2019, 12:23:03 PM

Quote from: xSkylarx on October 15, 2019, 05:28:34 AM

Quote from: swogerino on October 15, 2019, 03:27:13 AM

Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

That's right dude, casino is indeed a gamble but it must have a business system in it where developers and users are both benefited and not one-sided. If they apply a house edge above 1% then it will benefit developer and vice versa if below 1% it will benefit user. In my opinion, house edge 1% is standard of a casino and that is average of all casinos. If I find something lower than that, then I should be aware of the casino.

The income of a casino actually depends on the volume of money being wagered. It's nearly about house edge percentage of total money wagered in long run.
So the profit of a casino with .5% house edge is half of 1% house edge on equal amount wagered. Even a casino with house edge 0.5% can make huge yields if it's successful in bringing people to gamble more money.

anyone can wagger high amounts with a small balance as long as they will use appropriate strategy like 1.01x on dice with a higher amount of bet . i think the amount waggered is not a basis of thier income not unless if all of those who waggered big are loosers or have lost huge amount of cryptos . 1percent or lower than one percent , it does not matter but they can only earn big if they have a lot of costumer that plays on them . they can only do that if they have a good and fair service

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Quote from: MonsterV on October 15, 2019, 12:23:03 PM

Quote from: xSkylarx on October 15, 2019, 05:28:34 AM

Quote from: swogerino on October 15, 2019, 03:27:13 AM

Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

That's right dude, casino is indeed a gamble but it must have a business system in it where developers and users are both benefited and not one-sided. If they apply a house edge above 1% then it will benefit developer and vice versa if below 1% it will benefit user. In my opinion, house edge 1% is standard of a casino and that is average of all casinos. If I find something lower than that, then I should be aware of the casino.

The income of a casino actually depends on the volume of money being wagered. It's nearly about house edge percentage of total money wagered in long run.
So the profit of a casino with .5% house edge is half of 1% house edge on equal amount wagered. Even a casino with house edge 0.5% can make huge yields if it's successful in bringing people to gamble more money.

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Quote from: xSkylarx on October 15, 2019, 05:28:34 AM

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

if you visit stake.com you will saw that the lowest House Edge there is 0.48% for blackjack with the highest is Roulette right now with 2.7%

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Quote from: xSkylarx on October 15, 2019, 05:28:34 AM

Quote from: swogerino on October 15, 2019, 03:27:13 AM

Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

That's right dude, casino is indeed a gamble but it must have a business system in it where developers and users are both benefited and not one-sided. If they apply a house edge above 1% then it will benefit developer and vice versa if below 1% it will benefit user. In my opinion, house edge 1% is standard of a casino and that is average of all casinos. If I find something lower than that, then I should be aware of the casino.

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Quote from: NeuroticFish on October 15, 2019, 06:02:31 AM

Quote from: xSkylarx on October 15, 2019, 05:28:34 AM

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

I don't agree. They can go lower easily. (Just they don't need that). It actually depends on how many paying players they have and the competition.

As the number of them increases, indeed, at start there are certain costs for better hardware, hosting, ... but after that's done, they can go with lower house edge.
Just that's not necessary yet. The number of good casinos is so small they don't have to cut their earnings in order to gain extra customers (and for now they also have their promotions and games to keep the things interesting too).

And let's be honest, 1% is not that big either. What's the house edge at Las Vegas?

In Vegas the house edge changes depending on the game you're playing, e.g. it's around 5% for roulette.

However, what you said about 1% not being high is definitely true, though it is clearly possible to go lower by benefiting from the economies of scale.

The problem is when newer casinos try to launch with a low house edge, then they don't realize the costs involved in maintaining their site, which eventually causes them to either go under or exit scam.

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Quote from: xSkylarx on October 15, 2019, 05:28:34 AM

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

I don't agree. They can go lower easily. (Just they don't need that). It actually depends on how many paying players they have and the competition.

As the number of them increases, indeed, at start there are certain costs for better hardware, hosting, ... but after that's done, they can go with lower house edge.
Just that's not necessary yet. The number of good casinos is so small they don't have to cut their earnings in order to gain extra customers (and for now they also have their promotions and games to keep the things interesting too).

And let's be honest, 1% is not that big either. What's the house edge at Las Vegas?

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Quote from: swogerino on October 15, 2019, 03:27:13 AM

Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

I think 1% is the lowest gambling casino's house edge can go. If they lower it than 1% then maybe the profit it will generate won't be enough for the website's maintenance and for salaries to its employees as well. If it's above than 1% then it would be difficult for them to attract new users.

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Nowadays I think that every thing higher than 1% is very high as an house edge.I would start by this criteria and then go down to find the most trusted casino with the lowest house edge.This is the perfect search criteria to end up playing in a casino which will not rob you through a big house edge.

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Quote from: ivorychris on October 13, 2019, 02:52:18 PM

Bitbook only takes a small cut for their service. around 1-5%.

Looking at your post history, you have mentioned this site several times already. Are you promoting it as player or you are one of their team members?
Frankly speaking, it is the first time I heard about bitbook. I just did quick visit on the main site and I can say that it is just another casino sites that provides games from some various gaming providers and sports betting. Most of the games are slot games which has high house edge, so I do not think that they only take small cuts from the games unless you are talking about the sports betting.

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Quote from: Haunebu on October 14, 2019, 04:49:32 AM

Honestly, I would simply choose a casino whose house edge is close to 1% and is reputed(Bitsler etc) since you won't find a big difference between 0.5% or 1%. We will always lose in the long term which is why I don't really focus too much on the house edge factor.

I agree. 1% is already negligible house edge. You won't find any difference while playing, for the most parts outcomes will be 50-50. And in my knowledge almost all big and reputed platforms have 1% house-edge. So this shouldn't be the prominent for deciding casino.

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Honestly, I would simply choose a casino whose house edge is close to 1% and is reputed(Bitsler etc) since you won't find a big difference between 0.5% or 1%. We will always lose in the long term which is why I don't really focus too much on the house edge factor.

There are some sites that advertise 0% house edge(Forgot the names), but I am not sure how they would stay operational with such a model. It just helps psychologically, but you will still lose in the long run.

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Quote from: Zicadis on October 13, 2019, 03:44:49 PM

Since when is 5% a small cut?

That sounds like a ridiculously high house edge to me.

I think so too. 5% is not a small cut. Imagine if you know how many gamblers are playing their games and lose. Adding all of the money that the gamblers lose and deduct the overall total by 95% and i'm sure the result is no joke. The total money that the site owner can get with 5% is not small enough to be considered as low house edge.

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Quote from: ivorychris on October 13, 2019, 02:52:18 PM

Bitbook only takes a small cut for their service. around 1-5%.

Since when is 5% a small cut?

That sounds like a ridiculously high house edge to me.

Quote from: ralle14 on October 13, 2019, 12:22:49 PM

Without them telling the house edge we can still use the win chance to determine how big they've set it. On dice sites with 1% house edge the win chance for x2 is set to 49.5%. Trueflip shows their win rate is at 47.34% since it's 1% for every 0.5% win chance the house edge is slightly above 5% they don't show it because of how high it is(just like on most slot games) and this is probably the highest house edge on dice.

That's the issue I am facing. A lot of sites aren't actually that transparent about their house edge, or there is some sort of sneaky mechanism behind it that makes it more than it initially appears.

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Bitbook only takes a small cut for their service. around 1-5%.

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Quote from: Zicadis on October 11, 2019, 02:30:34 AM

Quote from: harizen on October 10, 2019, 04:05:47 PM

Safedice 0.5% *use at your own risk. Check ANN for reference

Jesus, Safedice has horrible reviews.

I guess having a house edge too low comes with its drawbacks.

Thanks for the extensive list though, I'll go through them all to see which has the best games for the task.

Well, a horrible review or not will always come to a drawback when you play gambling I think you already know this that playing gambling will always come in a loss in the long run even with a 1% of the house edge, Well base on my experience because of the risk involved in it.

I have a question that is in the back of my mind does casino really has a 1% house edge are they true to us? and I think there are no casino gambling that will put a no house edge on it because how can they profit with a casino that is only giving winning bets, so whatever I think having fun and enjoying is the key and don't have regrets in the end, So why not try WOLF.BET has a 1% house edge and the games are truly enjoyable.

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Quote from: bitmover on October 13, 2019, 10:56:07 AM

I noticed some gambling websites do not show house edge ,like TrueFlip.

Without them telling the house edge we can still use the win chance to determine how big they've set it. On dice sites with 1% house edge the win chance for x2 is set to 49.5%. Trueflip shows their win rate is at 47.34% since it's 1% for every 0.5% win chance the house edge is slightly above 5% they don't show it because of how high it is(just like on most slot games) and this is probably the highest house edge on dice.

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Quote from: Oilacris on October 13, 2019, 10:46:40 AM

Quote from: Zicadis on October 10, 2019, 03:37:16 PM

Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!

As per todays standard which is 1% but as already mentioned mostly above Crypto games do have the lowest house edge of all excluding Safe-dice which I wont tend to use it ever due its known issues.

I use basically only Yolodice, which has 1% house edge... not below the standard, as you mentioned.

I noticed some gambling websites do not show house edge ,like TrueFlip.

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Quote from: Zicadis on October 10, 2019, 03:37:16 PM

Hey guys, are there any high quality Bitcoin/altcoin casinos out there that have an extremely low house edge? e.g. 1% of below?

Looking to try out some dice strategies in particular (yes, I know they will never work in the long run), but also looking to play other fun and interesting games that have close to no house edge.

Drop your favs below!

As per todays standard which is 1% but as already mentioned mostly above Crypto games do have the lowest house edge of all excluding Safe-dice which I wont tend to use it ever due its known issues.

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Crypto-games for sure IMO has a well rounded dice game. 0.8% edge is below industry standard. Add in loyalty bonuses like faucets to keep you busy on non deposit days, investment options and chat bonuses and it's a lot of incentive.

Monday is also no speed limit day so you can get a looooot of joy even on 1 sat bets and a low bankroll.

Also, at your own risk is 999dice at 0.1% edge. Play there every now and then with a bot. They have a poor autobet function so any auto strat there needs seuntjie.

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Quote from: Hypnosis00 on October 11, 2019, 06:33:55 AM

Yeah, they are almost near to everyone but tried to look at their max winning bets... its Primedice and Stake takes the lead.
May these will take matters not just only considering the house edge alone.

But sad to look for 777 coin has the lowest rating, it may be because of the highest house edge.
This is really a huge competition and gamblers really think where they supposedly take the most benefits they might get.

It may be the reason why 777coin why the rating is not good because of 3% house edge. Having high house edge may be profitable but it's one of the reason player find another site that has lower house edge. Every $5 spent to gamble the owner will keep 3% which is ¢0.15 as profit so, the reward you'll get when you win is smaller.

Topic: Which Casinos Have the Lowest House Edge? (Read 332 times)