Basically if a site has permantely zero house edge, I would steer clear. How are they making a profit?
It's acceptable for a site to have a promo where they have 0% house edge for a short while. However having it permantely it makes no sense.
Hence it might be a scam of some sort.
Theoretically, it is possible for a gambling site to profit from a 0% house edge gambling game. There are two reasons why, first is bet size limits and the house having more money than the player.
Imagine a situation, where a gambling does a martin gale system bets and the casino has a max bet of 1 BTC and lastly the gambler bets at 50% with 0.01BTC per bet. The scenario is that he cannot win against the house since there is still that chance that he will have a losing streak long enough to deplete his bankroll or reach the bet limit.
0.01
0.02
0.04
0.08
0.16
0.32
0.64
1.00
The gambler only needs to lose 8 times to reach the max. Even if you simulate this in a computer game with a lower starting bet or higher limits, it will result to a time that the gambler will have a long losing streak that would empty his bankroll.
The only problem is that the casino will not earn as much as the other casinos with house edge.
Yes, agree with this analysis. Even if the casino will not earn as much per player as casinos with house edge / rake, they will definitely attract more players - du to the fact their games will be viewed as fair play and there is no entry barrier with the rake/comission. It corresponds with their whitepaper where they expect to increase the token value with growing number of users. I expect, they will be able to raise quite substantial ammount during the ICO