Quote from: Lanatsa on January 25, 2020, 04:35:50 PM

Quote from: djsugar on January 25, 2020, 03:04:20 PM

Quote from: ethlover on June 16, 2017, 10:22:40 AM

I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?

I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.

I really hope this project will work out!

There are lot of activities that happen to support the online casino and also money goes in maintaining the platform and servers in support. Also , the developer and promoter of the site get into the business to earn some out of the services they provide. I guess asking for little edge on online casinos makes sense considering the convenience they provide of playing in your own comfort zone .

Any business do really need to profit yet building a site does really have a cost and also into its staffs.So, its nonsense for a gambling site or business
wont get any fees or house edge from to its players and yes it isnt really that bad unless if the owner/operator would ask too much.
A little house edge is considerable.

I think a 0% house edge game could be made feasible if it didn't carry risk for the house. As part of the services offered from a gambling website, it could serve as a source for traffic while profit is earned from other opperations.

Let's say, a dice site has a classic dice game as its main service, but also maintains a "market" for players to bet with 0% house in player vs player bets.
The casino would provide provably fair rolls for such wagers. Users could create "orders" in the market and have somebody match their order, or match the orders of others.
Orders would consist of tickets (lets say one satoshi each ticket) that would indicate the money locked by the order maker and a % chance percentage also set by maker.
Users willing to participate could buy as many tickets as they'd like for an order, and the purchase of the final ticket would result to a wager.

So for example, I go in the market to create an order, I want to bet 100 satoshi with a 50% chance to win. The casino creates an order of 100 tickets bought from me, and opposing tickets will also be 100. Once the rest of the 100 are bought, the house wagers and rewards the winner(s). The disadvantages might be that gambling in this manner isn't instant unless you find exactly the bed you want to do already in a "market order".

Perhaps to further justify providing this service, the casino could allow users depositing funds be opted in for bankrolling the main (for profit) dice game.

This idea isn't new, it's been done by peerbet in the past. Not sure if it's still offered there. Anybody know other websites offering 0% user to user wagers?