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Topic: Which gambling sites have 0% house edge? - page 16. (Read 13912 times)

hero member
Activity: 882
Merit: 500
October 21, 2016, 01:20:20 AM
^^^Title speaks for itself...
well i think there is no site which have 0% house edge but i think you can find some sites which have very low HE such lika bustabit and bitcoinbetting wesbsite like these site .
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
October 21, 2016, 12:59:05 AM
^^^Title speaks for itself...
i heard about the bustabit.com which claims that it had no house edge but some user declare it as this site has some house edge because of their losses of bitcoin in gambling they get some experience and declares that the site has about 0.5 house edge .
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
October 21, 2016, 12:54:22 AM
^^^Title speaks for itself...
i think there is always a house edge limit of every gambling site .
it other matter if the admin of the gambling site says that have 0% house edge .
well somes days ago i found a thread in this forum by girlsbtc.com . this admin says that the site have 0% house edge so you can try this ,but if you get any loss than don't blame me .

GirlBTC.com does not have a house edge as it is a PvP game that takes a fee from your deposit. However, not many people are active there, so you might not have anyone to play against.

There are no gambling websites that are having this because gambling websites needs to stay surviving.
I think its also not something that we should want because it would be bad for sure.

yes, house edge 0% its impossible because owner need profit

i have seen many dice sites that start new are  giving 0% house edge and they still make profit from it.

also i have also seen many dice  sites that have been  setting their house edge to 0% for one day  for example on their birthday or  some other occasion to celebrate and they still make profit.

Could you please link to one of these dice sites with 0% house edge? I don't believe such sites exist.
Me too, I am also interested to know if there's a certain dice site that exist with no house edge, I think that is too rare and impossible for the operators to do it. If that is the case then the one who are in big risk here are the gambling sites.
legendary
Activity: 1064
Merit: 1000
October 21, 2016, 12:32:28 AM
^^^Title speaks for itself...
i think there is always a house edge limit of every gambling site .
it other matter if the admin of the gambling site says that have 0% house edge .
well somes days ago i found a thread in this forum by girlsbtc.com . this admin says that the site have 0% house edge so you can try this ,but if you get any loss than don't blame me .

GirlBTC.com does not have a house edge as it is a PvP game that takes a fee from your deposit. However, not many people are active there, so you might not have anyone to play against.

There are no gambling websites that are having this because gambling websites needs to stay surviving.
I think its also not something that we should want because it would be bad for sure.

yes, house edge 0% its impossible because owner need profit

i have seen many dice sites that start new are  giving 0% house edge and they still make profit from it.

also i have also seen many dice  sites that have been  setting their house edge to 0% for one day  for example on their birthday or  some other occasion to celebrate and they still make profit.

Could you please link to one of these dice sites with 0% house edge? I don't believe such sites exist.
hero member
Activity: 1036
Merit: 520
October 21, 2016, 12:29:21 AM
There are no gambling websites that are having this because gambling websites needs to stay surviving.
I think its also not something that we should want because it would be bad for sure.

yes, house edge 0% its impossible because owner need profit

i have seen many dice sites that start new are  giving 0% house edge and they still make profit from it.

also i have also seen many dice  sites that have been  setting their house edge to 0% for one day  for example on their birthday or  some other occasion to celebrate and they still make profit.
full member
Activity: 336
Merit: 100
October 21, 2016, 12:14:44 AM
^^^Title speaks for itself...
i think there is always a house edge limit of every gambling site .
it other matter if the admin of the gambling site says that have 0% house edge .
well somes days ago i found a thread in this forum by girlsbtc.com . this admin says that the site have 0% house edge so you can try this ,but if you get any loss than don't blame me .
full member
Activity: 166
Merit: 100
October 20, 2016, 11:19:45 PM
There are no gambling websites that are having this because gambling websites needs to stay surviving.
I think its also not something that we should want because it would be bad for sure.

yes, house edge 0% its impossible because owner need profit
sr. member
Activity: 465
Merit: 250
October 20, 2016, 08:16:10 PM
There are no gambling websites that are having this because gambling websites needs to stay surviving.
I think its also not something that we should want because it would be bad for sure.
full member
Activity: 189
Merit: 100
October 20, 2016, 08:08:48 PM
A gambling site with 0% house edge would go bankrupt because of server expenses
sr. member
Activity: 378
Merit: 250
October 20, 2016, 07:56:46 PM
I think bitcoinbetting.website has no house edge, as it's x16.

The problem with the above is that you have no idea of their bankroll and they might not have enough to pay you out.
legendary
Activity: 1834
Merit: 1008
October 20, 2016, 06:36:39 PM
There is no casinos with 0 percent house edge, if there is, they will go broke soon.

Nope, you are wrong, usually 0% house edge does exist but they must use this as pvp games so everytime they win they must paid up some incentives to house(usually auto deducted) so they will nothing to lose. Moreover they will get some from transaction fee, although it is small but if their site have good traffic that will become a good income too
copper member
Activity: 2562
Merit: 2510
Spear the bees
October 20, 2016, 06:20:32 PM
I dont know which gambling site u r talking about. But, if it is BitcoinBetting.website, then it is definitely not a lie. It is pretty easy to calculate their house edge using the following formula...

House Edge in % = ((1 - (Bet Multiplier / No. of Options)) * 100)

Therefore, House Edge of BitcoinBetting.website = ((1 - (16 / 16)) * 100) = 0%

That math would check out if not for the "transaction fee" deduction which actually creates a small edge. If you were to deduct 0.0002 from the payout amount, then it would be far more fair.

In the FAQ, it's stated: "7. Why is 0.0002 BTC missing from the bet amount I sent?
A transaction processing fee of 0.0002 BTC is deducted from each bet."

This transaction fee should only apply to the payout amount, not the bet amount.

However, the way the website works is that the bet amount has 0.0002 deducted from it.

This means for a bet of minimum size (0.0005 BTC) the house edge is:

Win event [1/16]: return of 16 * 0.0003
Lose event: return of 0

ev: 0.0003

This means you lose 40% per bet - a 40% house edge on the minimum amount. That's pretty far from a 0% house edge, don't you think?



Even at the maximum bet: 1 BTC, there's still a house edge.

If you win, you are returned 15.9968 BTC.
This does correspond to a 0.02% house edge, which is far from the 40% earlier, but it's still not 0%.

(Though it's fair enough - this amount can correspond to a transaction fee, albeit it's a whopping 0.0032 BTC)



The deduction should only apply to the payout. Either do this, or stop advertising the website as as having 0% house edge.
member
Activity: 140
Merit: 10
October 20, 2016, 05:42:12 PM
It is not logical that a legal gambling site have %0 house edge. Because the little house edges are the reason why house always beats the players. For instance in blackjack i guess the house edge is the lowest but still it is close to 1%. It means you will go zero if you play continously.
legendary
Activity: 1662
Merit: 1050
October 20, 2016, 05:17:57 PM
There is no casinos with 0 percent house edge, if there is, they will go broke soon.
LoLz... check my signature. Wink
member
Activity: 73
Merit: 10
Betbase.io It's never been easier to run a casino
October 19, 2016, 05:03:31 AM
There is no casinos with 0 percent house edge, if there is, they will go broke soon.
legendary
Activity: 3808
Merit: 1723
October 19, 2016, 05:01:14 AM
^^^Title speaks for itself...

None! The casino will make no money. It will break even after ot sways back and worth fpr some time.
Just the odds of mathematics. Nothing more.

Exactly there is no such house edge that are 0% and how they are going to earn if they are going to offer 0%. Maybe they would offer that 0% for just small transactions and bet. But for those bets that are able to have big bets then for sure they are not exempted for their 0%. That is why there is no gambling site that guarantees you to have 0% house edge.


they will earn if the player lose dude, actually casino doesn't have a huge profit based on house edge alone, House edge is just a percentage in their income and Casino can remove it but still have profit. There is a lot of player lose greater than winning so casino can still have profit even 0% house edge, This will be simply 50/50 game ratio.

but i think its a huge loss for them if they would actually take that since it could lead to other players to win more, and expert gamblers might gonna notice it and provably they can win by their own strats if they overcome the 0 housedge, but surely they will still earn some profits with that since not all of players are pro and still we can really see many newbie players playing wild gambling at those big sites, and in other hand i believe that 0 house edge statement is just a bluff since we can't really define if they are telling the truth behind their site

Like I said before, the reason why they don't have that is because of bots. If it had a 0% house edge the API would get flooded none stop with Bots and cause server issues, if there is a slight house edge it avoids that issue.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
October 19, 2016, 04:44:47 AM
^^^Title speaks for itself...

None! The casino will make no money. It will break even after ot sways back and worth fpr some time.
Just the odds of mathematics. Nothing more.

Exactly there is no such house edge that are 0% and how they are going to earn if they are going to offer 0%. Maybe they would offer that 0% for just small transactions and bet. But for those bets that are able to have big bets then for sure they are not exempted for their 0%. That is why there is no gambling site that guarantees you to have 0% house edge.


they will earn if the player lose dude, actually casino doesn't have a huge profit based on house edge alone, House edge is just a percentage in their income and Casino can remove it but still have profit. There is a lot of player lose greater than winning so casino can still have profit even 0% house edge, This will be simply 50/50 game ratio.

but i think its a huge loss for them if they would actually take that since it could lead to other players to win more, and expert gamblers might gonna notice it and provably they can win by their own strats if they overcome the 0 housedge, but surely they will still earn some profits with that since not all of players are pro and still we can really see many newbie players playing wild gambling at those big sites, and in other hand i believe that 0 house edge statement is just a bluff since we can't really define if they are telling the truth behind their site
legendary
Activity: 1662
Merit: 1050
October 19, 2016, 04:35:49 AM
There is no gambling website with a 0% house edge because its something that they need to exist and stay existing.
A gambling website is not cheap,you have to understand that..

You are fully right about this, there are no gambling websites with an 0 percent house edge because they than simply would never make profit or money to build up their empire.

Right about that, I think that they would not even can than keep the work they have to do up, they have to pay people to make things and stay it under the control..
Without the house edge a lot of casino would disappear.
I think what the site says that they have a house edge of 0? I saw a gambling site that promote their sites in an extreme way, maybe it's part of their advertising, they said that the house edge profiles on them is zero
is it they lie?
I dont know which gambling site u r talking about. But, if it is BitcoinBetting.website, then it is definitely not a lie. It is pretty easy to calculate their house edge using the following formula...

House Edge in % = ((1 - (Bet Multiplier / No. of Options)) * 100)

Therefore, House Edge of BitcoinBetting.website = ((1 - (16 / 16)) * 100) = 0%

Is that site is based on pvp games or not? If they dont based on pvp it doesnt make any sense. Although they have 0% of house edge they still get fee from player if I may know how can you calculate on crypto-games.net. last time they make some good promo on 0% house edge
- The very concept of House Edge is meaningless in PvP games as house is not risking anything.
- Real 0% house edge games make money relying on gambler's greed as Omegasun has explained above.
- I have no idea about crypto-games.net.
hero member
Activity: 742
Merit: 500
October 18, 2016, 11:58:53 PM
^^^Title speaks for itself...

None! The casino will make no money. It will break even after ot sways back and worth fpr some time.
Just the odds of mathematics. Nothing more.

Exactly there is no such house edge that are 0% and how they are going to earn if they are going to offer 0%. Maybe they would offer that 0% for just small transactions and bet. But for those bets that are able to have big bets then for sure they are not exempted for their 0%. That is why there is no gambling site that guarantees you to have 0% house edge.


they will earn if the player lose dude, actually casino doesn't have a huge profit based on house edge alone, House edge is just a percentage in their income and Casino can remove it but still have profit. There is a lot of player lose greater than winning so casino can still have profit even 0% house edge, This will be simply 50/50 game ratio.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
October 18, 2016, 09:44:32 PM
^^^Title speaks for itself...

None! The casino will make no money. It will break even after ot sways back and worth fpr some time.
Just the odds of mathematics. Nothing more.

Exactly there is no such house edge that are 0% and how they are going to earn if they are going to offer 0%. Maybe they would offer that 0% for just small transactions and bet. But for those bets that are able to have big bets then for sure they are not exempted for their 0%. That is why there is no gambling site that guarantees you to have 0% house edge.
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