When I bet on primedice, there is always one fellow who asks, "is it profitable to gamble?" Many time I see those questions, the answer is " no because there is a house edge"
What if a dice site had no house edge? Then would it be able to profit?
What if a dice site has a negative house edge? Will we (the gamblers) start making profit?
I don't think '' no hose edge or negative house edge '' can bring sure benefits to gamblers.Gambling is a sure way of getting nothing.It is gambling not house edge which make the gamblers loose their money.If someone says 0 house edge is good thing then I will say in reply even gambling is good in sense of profit but just for very few persons.Everyone can not win in gambling.What if a dice site had no house edge? Then would it be able to profit?
What if a dice site has a negative house edge? Will we (the gamblers) start making profit?
Zero edge in standard casino games can potentially waste players time if you are forever at zero profit/loss long term, at least when you lose your money to a casino you can get on and do something else with your life ha, ironic.
sorry but 0 house edge would bring lot more players to try their luckIt's not free to run servers and I doubt someone would spend a lot of time building and running the site expecting no return.
Statistically, over a very big number of hands/plays/whatever, the casino makes around 0 revenue.
There's only one situation where the casino would be making money : Casino has infinite funds and the players have limited funds.
Which isnt really a likely scenario for a casino since they will aim for success which means more people and more money.