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Topic: Which gambling sites have 0% house edge? - page 19. (Read 13914 times)

hero member
Activity: 756
Merit: 500
October 11, 2016, 10:52:13 PM
#99
The edge of the house is included in the bet itself. Look, maybe 80% of people can win, but not 80% of the whole pot, it's "nominal" not "real", that's because when you have a gambling game the math is little different... see, this 20% who doesn't win, are part of he 80%+new bets and part of this 80% are small bets since many of them start with small, win 4,5 times and lose once but they lose everything. So, it's a very arranged winning game for the house. It also involves a strong psychical tactic. For a more complete review, many parts of the Theory of Games have this.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
October 11, 2016, 10:44:39 PM
#98
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
yeah if you're looking for a house edge of 0 you will get a game player vs. player because it is not possible sites ordinary dice provide a zero edge is certainly a player will have a higher chance of winning?
maybe sports betting also have zero edge lol
Sports betting is the only answer I can see, there is no house edge here and it has been proven that we can be profitable in sports betting if we are a good handicapper, for serious gambler who wants to have a chance to win in the long run, always consider sports betting at your own choice of sport.
hero member
Activity: 532
Merit: 500
October 11, 2016, 09:23:56 PM
#97
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
yeah if you're looking for a house edge of 0 you will get a game player vs. player because it is not possible sites ordinary dice provide a zero edge is certainly a player will have a higher chance of winning?
maybe sports betting also have zero edge lol
hero member
Activity: 1162
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
October 11, 2016, 08:06:47 PM
#96
I think the only 0% house edge would be from games that are backed by the players currency. Like a pvp game. Though there still should be a house edge as the house will take a fee from the winner otherwise how do they make money ?
hero member
Activity: 756
Merit: 500
October 11, 2016, 04:24:01 PM
#95
almost no gambling website so as far as having 0 percent house edge. think about it this way, if they dont make money then why would they be operating?
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
October 11, 2016, 03:44:11 PM
#94
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
But I’m pretty sure the house is taking a piece of the action with the rake, in fact the rake is even better than the house edge because when you are playing against the house, the casino is risking its own money but with the rake, the casino is not risking anything.
hero member
Activity: 1218
Merit: 557
October 11, 2016, 02:02:34 PM
#93
I doubt if there are such thing because then owners would have to bear the loss and what they will get when they invests such huge money in casinos
legendary
Activity: 1662
Merit: 1050
October 11, 2016, 09:51:57 AM
#92
However a 1% house edge is not much dfferent than a 0% house edge.

Wrong, wrong, wrong!

A 1% house edge makes all the difference, between betting at 0 ev vs betting at -ev! You would rather play at a 0% house edge, where you get an average return of 1.00, where if you play at 1% house edge, you get an average return of 0.99. What's so hard to understand about that?

Yes exactly. U summed it up pretty well. Smiley
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
October 08, 2016, 03:18:50 PM
#91
I played so many times with 0% house edge promo but that is clear it doesn't mean player will win there for sure, it react same like in long term when we play with house edge there, I don't think 0% house edge could be helpful for people to make guaranteed profit.
If there in fact is a casino running with zero house edge, that will still not enough for a player to secure a profit long term, what you need is a players edge, which can be obtained in a handful of games and in very specific circumstances.
hero member
Activity: 490
Merit: 520
October 08, 2016, 01:45:19 PM
#90
Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds

Still wrong. House edge affects you on every bet. If this is not the case, then surely you have no problem with a wager against me with a 49.5% chance of winning, right?

Let me add a little bit of Sorites here now: if a 1% house edge only affects the player in the long run (and not those that use manual betting) then a 2% house edge will also be the same, correct? And if a 2% house edge doesn't affect the player, then a 3% house edge won't affect the player. And so on and so forth until you reach... 100% house edge. But wait? At what point does it affect the player?

When it changes from 0%.

You would rather 0% house edge over 1% house edge. Just like you would rather 1% house edge over 2% house edge. It does not matter whether you play one bet, or ten thousand bets. You would prefer the lower house edge. Why? Because it does affect the RTP.

For every n amount you wager, you should expect a return of n - (n*[house edge]) back.

If you wager $100 at a 1% house edge, you should expect a return of $99 back.
If you wager $100 at a 0% house edge, you should expect a return of $100 back.

Even if these are theoretical and only based on averages, they apply in reality. The trends show, and you can't beat math.

This is quite true though but I think if we use 2x odds the payout will still be the same. Lets say like erza said he used 2x odds manually, i am sure this will be whether you double your balance or lose it. We dont complaimt about the exactly number but what we need is sure profit though. You will not lose on exactly 50.5 or 49.5 if the house edge is 1%. The result must be lower 49.5 or higher than 50.5
Even if you use a martingale method on anything beyond a 0% house edge you are always destined to lose in the long run. The game would have to be effectively rigged or you'd have to have really shitty luck (or not a big enough balance) otherwise. 1% house edges still screw gamblers, although less than what other casinos would.
legendary
Activity: 1662
Merit: 1050
October 08, 2016, 11:39:26 AM
#89
http://www.bitcoinbetting.website/
No House edge information
What do u mean by No House edge information? They are running with 0% house edge. Please check their thread for reference - https://bitcointalksearch.org/topic/chain-betcom-on-chain-no-kyc-15x-win-provably-fair-since-2016-1492457.
legendary
Activity: 1834
Merit: 1008
October 08, 2016, 07:25:59 AM
#88
Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds

Still wrong. House edge affects you on every bet. If this is not the case, then surely you have no problem with a wager against me with a 49.5% chance of winning, right?

Let me add a little bit of Sorites here now: if a 1% house edge only affects the player in the long run (and not those that use manual betting) then a 2% house edge will also be the same, correct? And if a 2% house edge doesn't affect the player, then a 3% house edge won't affect the player. And so on and so forth until you reach... 100% house edge. But wait? At what point does it affect the player?

When it changes from 0%.

You would rather 0% house edge over 1% house edge. Just like you would rather 1% house edge over 2% house edge. It does not matter whether you play one bet, or ten thousand bets. You would prefer the lower house edge. Why? Because it does affect the RTP.

For every n amount you wager, you should expect a return of n - (n*[house edge]) back.

If you wager $100 at a 1% house edge, you should expect a return of $99 back.
If you wager $100 at a 0% house edge, you should expect a return of $100 back.

Even if these are theoretical and only based on averages, they apply in reality. The trends show, and you can't beat math.

This is quite true though but I think if we use 2x odds the payout will still be the same. Lets say like erza said he used 2x odds manually, i am sure this will be whether you double your balance or lose it. We dont complaimt about the exactly number but what we need is sure profit though. You will not lose on exactly 50.5 or 49.5 if the house edge is 1%. The result must be lower 49.5 or higher than 50.5
legendary
Activity: 1190
Merit: 1001
October 07, 2016, 10:48:12 PM
#87
Here are some site which offering 0% house edge :-

https://www.crypto-games.net/
 But after verification it found that - Dice has a house edge of 0.8%

https://www.moneypot.com/apps/2319-rock-paper-scissors
site not updated

http://www.bitcoinbetting.website/
No House edge information
copper member
Activity: 2562
Merit: 2510
Spear the bees
October 07, 2016, 09:04:33 PM
#86
Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds

Still wrong. House edge affects you on every bet. If this is not the case, then surely you have no problem with a wager against me with a 49.5% chance of winning, right?

Let me add a little bit of Sorites here now: if a 1% house edge only affects the player in the long run (and not those that use manual betting) then a 2% house edge will also be the same, correct? And if a 2% house edge doesn't affect the player, then a 3% house edge won't affect the player. And so on and so forth until you reach... 100% house edge. But wait? At what point does it affect the player?

When it changes from 0%.

You would rather 0% house edge over 1% house edge. Just like you would rather 1% house edge over 2% house edge. It does not matter whether you play one bet, or ten thousand bets. You would prefer the lower house edge. Why? Because it does affect the RTP.

For every n amount you wager, you should expect a return of n - (n*[house edge]) back.

If you wager $100 at a 1% house edge, you should expect a return of $99 back.
If you wager $100 at a 0% house edge, you should expect a return of $100 back.

Even if these are theoretical and only based on averages, they apply in reality. The trends show, and you can't beat math.
legendary
Activity: 1078
Merit: 1000
October 07, 2016, 08:40:34 PM
#85
However a 1% house edge is not much dfferent than a 0% house edge.

Wrong, wrong, wrong!

A 1% house edge makes all the difference, between betting at 0 ev vs betting at -ev! You would rather play at a 0% house edge, where you get an average return of 1.00, where if you play at 1% house edge, you get an average return of 0.99. What's so hard to understand about that?

There is site that offer 0% house edge though but that is only with some time period not permanent but still it is worth to play there. I dont think that they still have that promo or not. Last time I saw they make that promo is on their anniversary

Actually it is really hard to understand the different though because this is only affect in a long run and using bot but for some people that only use manual betting and once I dont think that this will really affect them, more over they only use 2x odds
copper member
Activity: 2562
Merit: 2510
Spear the bees
October 07, 2016, 06:52:18 PM
#84
However a 1% house edge is not much dfferent than a 0% house edge.

Wrong, wrong, wrong!

A 1% house edge makes all the difference, between betting at 0 ev vs betting at -ev! You would rather play at a 0% house edge, where you get an average return of 1.00, where if you play at 1% house edge, you get an average return of 0.99. What's so hard to understand about that?



And the constant crap about "no casino will have a 0% house edge" is just recycled bullshit. You think out of all the countless casinos available, there isn't ONE that has 0 ev? (Loosely defining "casino" since just regular dice sites are called "casinos")



That is generally true. But when p2p game is hosted online then host needs to earn money somehow.
There is no house edge in PvP Poker but instead of House Edge you will pay additional explicit fee - i.e. $50+$10 where $50 is fueling prize pool and $10 goes to the house.

Rake is kind of similar to house edge in that it depends on your skill level: if you play at someone with an equal amount of skill as you and you're able to average out wins & losses at the same number of chips/cash (i.e. you win 5, you lose 5) then that's a -ev play.

Being +ev in poker however is not dependent on rake %, but skill. More accurately, skill vs. other players in the table/tournament.
legendary
Activity: 1288
Merit: 1000
October 07, 2016, 06:22:32 PM
#83
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
That is generally true. But when p2p game is hosted online then host needs to earn money somehow.
There is no house edge in PvP Poker but instead of House Edge you will pay additional explicit fee - i.e. $50+$10 where $50 is fueling prize pool and $10 goes to the house.
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
October 07, 2016, 06:18:31 PM
#82
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
Yeah right its just a small amount every time you are betting or playing..
Nothing matters for me about the house edge its just attractive to increase there players in their site or casino..
legendary
Activity: 1662
Merit: 1050
October 07, 2016, 05:48:35 PM
#81
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
The very concept of house edge is meaningless in a player vs player game as house is not taking any risk in that.
sr. member
Activity: 406
Merit: 250
October 07, 2016, 04:22:52 PM
#80
I think peerbet has a 0% house edge where you can place bets against other people not the casino itself. However a 1% house edge is not much dfferent than a 0% house edge.
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