Post
Topic
Board Gambling
Re: Negative house edge
by
Phildo
on 30/03/2015, 14:17:02 UTC
Yes, I had read your post and was going to reply to it, just wanted to first hear your reply to mine. I think, it is no use playing small amounts if you have time limits set or house edge incremented if you use a bot or otherwise try to increase your betting speed


I said in this thread before, but I'll say it again. Having a time limit is absolutely detrimental to a casino. If the point of giving the players an edge is to get more players to play, the amount of players they can get that way is far less than the amount lost because of a time limit. And the quality of players is a lot worse.

What do I mean? Well, if you consider a gambling addict, do they really want to wait say an hour between bets? No, they want to bet again right away to win back their loss, or maybe they're on a winning streak and they're "hot". They're not gonna wait until their "luck changes".

But you read just a part of my message. I didn't mean that those time limits should be firmly nailed down. Actually, I meant to say that the time limits (or rather time gaps between the bets) should ultimately determine the house edge. The faster you bet the higher edge you get...

Perhaps, I should update the opening post to make this clear at the start (since people tend to repeat what has already been said)

They will be much better off offering comps/bonuses/freebets than actually changing the edge of the games. The people who pay attention to this stuff aren't idiots. If you give them too much edge on the actual game they are going to take it and hurt you. They can (and some in real casinos do) hurt the casino a little bit but hustling comps/bonuses, but that is much easier for the casino to control than leaving things up to chance.

The whole point of the house edge is to take chance out of it. The casino makes money by being open, the bettor needs to get lucky to win. There's no reason to flip that equation around when the first one works so well.