Ninjastic
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Topic
Board Gambling
Re: No House Edge?
by
fairlay
on 15/05/2015, 06:18:11 UTC
Quote from: a1choi on May 15, 2015, 06:14:28 AM
Quote from: fairlay on May 15, 2015, 05:45:15 AM
Quote from: Ingatqhvq on May 15, 2015, 04:28:56 AM
The gambling site owner have to earn money through the house edge, so you can't expect there is no hous edge.

That is exactly what we offer. We offer 0% fees on all sport bets: https://www.fairlay.com/event/category/soccer/ Since we don't take a position but instead user bet against user the average user has an expected value of 0. If your bets are better than the average user your bets will make money in the long run.

Fees and house edge are quite different things all together.

On sport betting sited the "house edge" is usually the spread of the odds. However - we are an exchange where user bet directly against each other - so there is no spread. A dice site could operate with 0 house edge as well if bets where user against user.