Which gambling sites have 0% house edge? - page 23.

severaldetails

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Quote from: NorrisK on October 02, 2016, 10:43:58 AM

Quote from: LoveUJack on October 02, 2016, 10:18:24 AM

Quote from: HeroCat on October 02, 2016, 08:12:19 AM

Only this gambling site - http://www.bitcoinbetting.website/, others have ~ 1% house edge. But even with 1% house edge you can win instantly. Wink

That's crazy! Among so many gambling games doing round, only one offers 0% house edge?

Ofcourse.. The gambling sites need to make a profit somehow.. They cannot only rely on the stupid decissions the players make. They need to guarantee an income to stay operational.

It is quite risky to run a gambling site. If a big roller comes along and wins in the first bets and decides to cash out, the casino faces insolvency quickly.

Exactly, a gambling site has to make a living, too.
They have bills to pay, like servers, maybe employees.
If they had a 0% house edge that would mean they give the people as much as they take from them.
This would drive them into bankrupt relatively soon. Maybe that is why they don't exist. Those who tried didn't make it.

NorrisK

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Quote from: LoveUJack on October 02, 2016, 10:18:24 AM

Quote from: HeroCat on October 02, 2016, 08:12:19 AM

Only this gambling site - http://www.bitcoinbetting.website/, others have ~ 1% house edge. But even with 1% house edge you can win instantly. Wink

That's crazy! Among so many gambling games doing round, only one offers 0% house edge?

Ofcourse.. The gambling sites need to make a profit somehow.. They cannot only rely on the stupid decissions the players make. They need to guarantee an income to stay operational.

It is quite risky to run a gambling site. If a big roller comes along and wins in the first bets and decides to cash out, the casino faces insolvency quickly.

LoveUJack

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Quote from: HeroCat on October 02, 2016, 08:12:19 AM

Only this gambling site - http://www.bitcoinbetting.website/, others have ~ 1% house edge. But even with 1% house edge you can win instantly. Wink

That's crazy! Among so many gambling games doing round, only one offers 0% house edge?

HeroCat

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Only this gambling site - http://www.bitcoinbetting.website/, others have ~ 1% house edge. But even with 1% house edge you can win instantly. Wink

DutchDemon

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Quote from: absy on October 02, 2016, 12:24:11 AM

Quote from: DutchDemon on October 01, 2016, 04:03:05 PM

One that immediately comes to my mind is www.bitcoinbetting.website.

Are you sure about this ? I mean if they provide 0% house edge how are they going to make profits and pay for bigger bets ? I see no ads on the site even , there must be some sort of revenue right ? I mean it looks awesome , upto 16 times of the bet and it depends on the block hash but 0% , I doubt it.

A quick glance at the site's existing bets reveal that there are more losses than win. So, they must be making their revenues right so far and no need to go over 0% house edge.

Greenenergy

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I am the only one that think that this topic belongs more to "Gambling discussion" section than here ? I'm surprised no one actually told it.

RocketSingh

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Quote from: MWesterweele on October 02, 2016, 02:27:09 AM

If there an gambling websites that offer 0% of house edge then there no be a greedy player and the website will be bankrupt for sure im not so sure here if im i going to trust 0% house edge anyway and how people are going to make profit ? hmm let's think it carefuly.

www.BitcoinBetting.website is nowhere near bankrupt, though it is running with 0% house edge. All the bets on the site are independently verifiable on bitcoin blockchain.

crytoboost

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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.

MWesterweele

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If there an gambling websites that offer 0% of house edge then there no be a greedy player and the website will be bankrupt for sure im not so sure here if im i going to trust 0% house edge anyway and how people are going to make profit ? hmm let's think it carefuly.

raaajlucky

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Quote from: BitMaxz on October 02, 2016, 01:10:06 AM

0% houseedge never heard any site that offering 0% house edge but there is some site are offering below 1% house edge like safedice they ave 0.5% houseedge but never tried that site if this is real or not..

I think there is no zero percentage house edge gambling sites are there. Because it is not worth for site owners. If they give 0% house edge then why simply they invest a lot of money to create sites, it is no use. Safedice site I don't have any idea about this site. Let me check once and later I will share my experience.

damnMscollec

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Texas holdem is zero house edge, but the house takes rake fee, so you can think it is a margin game without house edge.

BitMaxz

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BTC price road to $80k

0% houseedge never heard any site that offering 0% house edge but there is some site are offering below 1% house edge like safedice they ave 0.5% houseedge but never tried that site if this is real or not..

NLNico

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Quote from: NLNico on April 28, 2016, 08:55:59 AM

It is possible if the site makes their profit from advertisements (or potentially other sources.)

I think it generally would be too risky for a game vs the house, since they would need to risk their bankroll and could be easily screwed because of variance. So I don't think you will see zero/negative house edge often.

But it makes more sense for a game which isn't vs the house but vs other players (so also no negative house edge, but break-even/profitable edge for players.) A clear example would be PevPot, which had advertisements and provided a EV+ game for players. Still this game didn't really become popular (and stopped) so it shows players don't really care about their edge.

The 0% HE on bitcoinbetting.website seems temporary. I am not sure what to think about that site because they first had a 50% HE and took a long while to fix that. Besides that I am also annoyed they keep spamming comments on reddit on irrelevant topics (example.) Looks sketchy to me, but you could try it with small amounts.

That being said, I don't know any other gambling site that currently offers 0% HE betting.

edit: actually in theory https://www.bustabit.com could be 0% HE if you play good. Although historically there has been a 0.3% HE (which is still low.)

absy

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Quote from: DutchDemon on October 01, 2016, 04:03:05 PM

One that immediately comes to my mind is www.bitcoinbetting.website.

Are you sure about this ? I mean if they provide 0% house edge how are they going to make profits and pay for bigger bets ? I see no ads on the site even , there must be some sort of revenue right ? I mean it looks awesome , upto 16 times of the bet and it depends on the block hash but 0% , I doubt it.

RocketSingh

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Quote from: Rubberduckie on October 01, 2016, 05:19:10 PM

Thats weird I have never heard of a gambling site / game that has 0% house
edge. I guess their form of revenue would be advertisements then? Just seems odd
and would be afraid to deposit or win to much that they wouldn't pay.

Please check my sig. They dont have any ad on their site and their payments are verifiable on blockchain.

Quote from: European Central Bank on October 01, 2016, 05:32:57 PM

I'm not sure i'd trust a site with 0% edge. the best sites are upfront about where you stand and it's provable. this sounds like a way to tempt the greedy, and gamblers already are, and help themselves to your money either by an exit scam or screwing you on your wins.

"The gambling industry will not stay at a 1% house edge. Soon it will be 0%." - Predicted an article published on May 27, 2014 - https://www.bitedge.co/blog/0-house-edge-provably-fair-and-trustless-gambling/

Today, we are witnessing it to be a reality.

European Central Bank

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I'm not sure i'd trust a site with 0% edge. the best sites are upfront about where you stand and it's provable. this sounds like a way to tempt the greedy, and gamblers already are, and help themselves to your money either by an exit scam or screwing you on your wins.

Rubberduckie

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Thats weird I have never heard of a gambling site / game that has 0% house
edge. I guess their form of revenue would be advertisements then? Just seems odd
and would be afraid to deposit or win to much that they wouldn't pay.

DutchDemon

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https://www.Chain-Bet.com has 0% house edge.

LoveUJack

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^^^Title speaks for itself...

Topic: Which gambling sites have 0% house edge? - page 23. (Read 13887 times)