Which gambling sites have 0% house edge? - page 11.

Liad.Services

full member

Activity: 238

Merit: 100

Quote from: BTCevo on November 21, 2016, 09:58:19 PM

Quote from: Liad.Services on November 21, 2016, 03:34:07 AM

Quote from: adaseb on November 20, 2016, 06:33:34 PM

Quote from: iram3130 on November 20, 2016, 07:38:23 AM

I dont think any website can give 0% house edge permanently.
There were some sites which gave even negative edge but we all know what happened to them.

So if a site is giving 0% edge then it is obviously for temporary.

Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage.

It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner.
I am pretty sure that fairlay.com offers this kind of game. You should check it out

If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc

Nope, I were even talking about a PlayervPlayer coinflip game that is opensource, just like openbazzar.
So we won't need to pay any un-necessary fees to the site owners, it is useless.

I am pretty surprised that no one did it already, but it is going to happen for sure, we just need to donate the funds to the right devs to do that.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: RocketSingh on November 24, 2016, 12:07:26 PM

Absolutely Wrong

@MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality.

You're close, but not quite right either. The house edge is casinos expected profit relative to the size of the wager. i.e. A house edge of 1% simply means the casino would expect to make 1 BTC for every 100 BTC wagered. Obviously there is variance and what not, so the house's actual profits tend to be surprisingly far away from their expected profits.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: arwin100 on November 24, 2016, 08:25:29 AM

Quote from: stadus on November 24, 2016, 07:04:41 AM

Quote from: MinerHQ on November 24, 2016, 04:33:52 AM

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses.

Actually as i've see girlbtc.com and crypto-games telling that they have 0 house edge on their site and actually eventhough the site doesn't have house edge surely they can still earn. More profits for running their site since not all people always win on their plays aswell as even if a site does not have house edge implemented they can still earn since mostly of people plays on greed and turn loss, and some other bet without taking extra precaution.

if I'm correct girlbtc will take some cut from each bet and that is called a house edge for them and long back they were deducting almost 0.001 BTC for each withdrawal, and that is quite a high fee for the withdrawal but now I don't know. If they don't have a profit then logically impossible to run any site.

Erza

legendary

Activity: 1078

Merit: 1000

Quote from: RocketSingh on November 24, 2016, 12:07:26 PM

Quote from: MinerHQ on November 24, 2016, 04:33:52 AM

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

Absolutely Wrong

@MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality.

But not all people are going to win in the long run though no matter you have 0% HE or 1% though. Even 0% you will lose it because of their system though. 1% is not that much AFAIK, may be they have better chance though but lets try 100 rolls and see the result if your loss is between that 1% HE or not

RocketSingh

legendary

Activity: 1662

Merit: 1050

Quote from: MinerHQ on November 24, 2016, 04:33:52 AM

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

Absolutely Wrong

@MinerHQ You are confusing House Edge with fees/commission. When we say PrimeDice has 1% house edge or SafeDice has 0.5% house edge, it does NOT mean that they deduct 1% or 0.5% on bet amount. It means that the house has 1% or 0.5% more chance to win over the gambler. For 0% house edge, both have 50-50 chance to win in the long run. But, as has been discussed many times before in this thread, gamblers lose out their winning because of greed. Even 1% house edge site may go bankrupt if all gamblers stop playing as soon as they win over the house. But, this does not happen in reality. Hence, 0% house edge is very much practical and the gambling community gotta live with this reality.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: stadus on November 24, 2016, 07:04:41 AM

Quote from: MinerHQ on November 24, 2016, 04:33:52 AM

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses.

its true and i am agree, there are no site, and not just gambling site but all sites, that have maintenance fee to handle and they need this money from the gamblers to maintain their site, maybe pay the employee or anything else. if there are no house edge, that site is only getting broke soon and will run away without we knew.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: stadus on November 24, 2016, 07:04:41 AM

Quote from: MinerHQ on November 24, 2016, 04:33:52 AM

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses.

Actually as i've see girlbtc.com and crypto-games telling that they have 0 house edge on their site and actually eventhough the site doesn't have house edge surely they can still earn. More profits for running their site since not all people always win on their plays aswell as even if a site does not have house edge implemented they can still earn since mostly of people plays on greed and turn loss, and some other bet without taking extra precaution.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: MinerHQ on November 24, 2016, 04:33:52 AM

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

Exactly, therefore no gambling house will ever operate with no house edge, otherwise that gambling house is not trusted as like you said, it's impossible for them to run their business without taking care of their operating expenses.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: joksim299 on November 23, 2016, 09:16:21 AM

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

In simple words, gambling house will take a small cut from each bet that is mentioned it like 1% or 0.5% of the bet amount. Every time you bet gambling house will get that much profit for them to maintain a site and for other expenses. So logically 0% house edge difficult to maintain in the longer run.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: maxdeielle on November 23, 2016, 11:39:28 PM

I know gambling Site which has 0% house edge when betting less than 1 btc

this on.. www.girlbtc.com

For place of betting try to catch me up so I can help you.
I can offer something too for this like rebate for your bet

Did you ever actually use the site or are you just posting this to boost your post count? Because that 0% is just for marketing reasons and there are fees charged as commission.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: maxdeielle on November 23, 2016, 11:39:28 PM

I know gambling Site which has 0% house edge when betting less than 1 btc

this on.. www.girlbtc.com

For place of betting try to catch me up so I can help you.
I can offer something too for this like rebate for your bet

i don't think that site have 0% house edge , they take a fee on each bets/transaction made , please read carefully here someone have been explained about it https://bitcointalksearch.org/topic/m.16932628 .

the only site that a little bit well known here is http://www.bitcoinbetting.website/ , they really have 0% house edge.

maxdeielle

full member

Activity: 154

Merit: 100

I know gambling Site which has 0% house edge when betting less than 1 btc

this on.. www.girlbtc.com

For place of betting try to catch me up so I can help you.
I can offer something too for this like rebate for your bet

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: Bill Gates on November 22, 2016, 10:55:41 AM

Quote from: BTCevo on November 21, 2016, 09:58:19 PM

If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc

Please stop spreading misinformation. A PvP game can not have a House Edge. The concept of House Edge is applicable only to PvH games. What u r confusing as House Edge in PvP games is fee/commission in reality. House Edge is a different concept altogether.

Yeah let say they dont jave house edge but for the fee that get deducted how can you explain this? By getting not full payout as I mentioned before ehat does it means then? Although there is no house edge we keep on getting this payment deducted so what is the different between house edge and no house edge then? Better play with house edge then so you can double your payout

joksim299

legendary

Activity: 2198

Merit: 1014

Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

Quote from: BTCyuan$euro on November 23, 2016, 07:59:49 AM

What is house edge exactly?

Advantage over the play that casino has.
You can read more with detailed explanation at https://en.wikipedia.org/wiki/Casino_game

BTCyuan$euro

member

Activity: 100

Merit: 10

What is house edge exactly?

Bill Gates

jr. member

Activity: 95

Merit: 9

Devil's Advocate

Quote from: BTCevo on November 21, 2016, 09:58:19 PM

If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc

Please stop spreading misinformation. A PvP game can not have a House Edge. The concept of House Edge is applicable only to PvH games. What u r confusing as House Edge in PvP games is fee/commission in reality. House Edge is a different concept altogether.

sunsunson

newbie

Activity: 1

Merit: 0

Quote from: BTCevo on November 21, 2016, 09:58:19 PM

Quote from: Liad.Services on November 21, 2016, 03:34:07 AM

Quote from: adaseb on November 20, 2016, 06:33:34 PM

Quote from: iram3130 on November 20, 2016, 07:38:23 AM

I dont think any website can give 0% house edge permanently.
There were some sites which gave even negative edge but we all know what happened to them.

So if a site is giving 0% edge then it is obviously for temporary.

Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage.

It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner.
I am pretty sure that fairlay.com offers this kind of game. You should check it out

If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc

some new site with promotion can give you 0 house edge.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: Liad.Services on November 21, 2016, 03:34:07 AM

Quote from: adaseb on November 20, 2016, 06:33:34 PM

Quote from: iram3130 on November 20, 2016, 07:38:23 AM

I dont think any website can give 0% house edge permanently.
There were some sites which gave even negative edge but we all know what happened to them.

So if a site is giving 0% edge then it is obviously for temporary.

Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage.

It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner.
I am pretty sure that fairlay.com offers this kind of game. You should check it out

If what you are saying is based on pvp games sure may be it will be no house edge though but for your fee that let say owner host your game, there will be fee that be deducted from our winning right? Do you count this too? Usually owner of the site will offer really high fee for each payout of pvp games let say 5% that mean if you bet 1 btc to win 2 btc deduct by 5% so you will only get 1.95 instead of 2 btc

Liad.Services

full member

Activity: 238

Merit: 100

Quote from: adaseb on November 20, 2016, 06:33:34 PM

Quote from: iram3130 on November 20, 2016, 07:38:23 AM

I dont think any website can give 0% house edge permanently.
There were some sites which gave even negative edge but we all know what happened to them.

So if a site is giving 0% edge then it is obviously for temporary.

Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage.

It is possible to have a 0% house edge if you bet on a prediction market coinflip,which means that you are betting against another guy ,you get a match and the system roll a number and choose the winner.
I am pretty sure that fairlay.com offers this kind of game. You should check it out

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: iram3130 on November 20, 2016, 07:38:23 AM

I dont think any website can give 0% house edge permanently.
There were some sites which gave even negative edge but we all know what happened to them.

So if a site is giving 0% edge then it is obviously for temporary.

Most sites like Primedice would give 0% edge or even negative house edge however then they have no protection against bots. Most sites allow API for bettin, so even if they disabled that. Someone can still do some macro for a computer to take bets for them. And in the end... the casino would actually be at a disadvantage.

Topic: Which gambling sites have 0% house edge? - page 11. (Read 13912 times)