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     5 years ago  

    That's what house edge does. In the end, house always win by the house-edge margin. That is a fact. There is not a single casino in the world which is designed to lose in the long term.

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       5 years ago (edited) 

      So do you have a comparaison chart with the house hedge and the real profits of your casino?

      if these 2 values are in line, it would show that what you are saying is true. Easy to demonstrate. But even on the blackjack where the house hedge is very low, it i s so hard to win against the house on several games...

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       5 years ago  

      But even on the blackjack where the house hedge is very low

      You are making a big mistake here, the "house edge"(commision) is low yes. But the real house advantage(probability) has already been integrated into the game, this one even higher without the surrender option. I would say it is generally a 3%, on top of the commission.

      Of course it is hard to win the house this way.

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         5 years ago  

        so it explains why we have big difference between house edge used for the dividends and profits really made by this casino.

        Thank you for the information ;)

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         5 years ago  

        It didn't explain it. No matter what house edge is used, 70% of made profit should be distributed in div which is not the case now. Unless we have misinterpreted how it was described by the house.

        Posted using Partiko Android

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           5 years ago  

          What people tend to forget is that the house edge is 0.5% if you can play mathematically perfectly, which is humanly impossible unless you're using a cheatsheet. However, I can somewhat anecdotally prove dice is fair. After wagering over 2.5 million STEEM in more than 14,000 games, I've lost around 20,000 STEEM, whereas statistically I'm meant to have lost 25,000 STEEM, so the house edge is even lower than 1% for me (since I've gotten lucky). In fact, I was actually winning steem up until around 500,000 STEEM wagered!

          In case you're wondering why my club bonuses are so low, it's because I didn't play a lot last month so I've been downgraded to bronze
          image.png

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             5 years ago  

            Incorrect. The house edge(commission) here should not be confused with house advantage(probability). The commission has nothing to do with the winning probability, it just take away 0.05% from player's winning payout. The house advantage however(or you would like to call it house edge, whatever), is going to affect the outcome of a game as it is blended in the game rules and flow already.

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               5 years ago  

              May we know how do you arrive at the 3% without the surrender option? Here is the link of our exact house edge calculator (https://wizardofodds.com/games/blackjack/calculator/):
              blackjack_house-edge.PNG

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                 5 years ago  

                Based on this calculator if someone play perfect hands the house edge is 0.35%, however I don't that's what most players would be able to achieve. Human is generally sucks at gambling. Of course I don't have a calculator to pull up that number which is mostly based on my experience and perhaps this article:

                The house edge in blackjack is around 0.5% if you use basic strategy.
                Of course, that 0.5% can go up or down based on your skill level. Most players are bad enough at blackjack basic strategy to give up another 1.5% or so to the house, making the house edge for the casino 2%.

                https://www.gamblingsites.com/blog/the-house-edge-in-blackjack-28277/

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