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Casino Fair odds

Discussion in 'Casino Forum' started by LibraMH, Jan 4, 2019.

  1. LibraMH

    LibraMH New Member

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    Location:
    UK
    Hello all,

    I hope this finds everyone well. I am interested in what people would think about a casino that has zero house edge. This would be achieved by allowing players to bet with each other on the outcomes of casino games. For example, with roulette, someone choosing to bet £10 on red would bet with someone who wants to bet £10 on black. The wheel would feature no green zero and money would not pass through a house and only directly between players. Both players have fair odds and a 50/50 chance of winning. This would result in people not losing masses and getting into financial difficulties due to a house edge.

    What is everyone thoughts on this? Is it good/bad, why? Are their problems with this? Is it bad for people with problem gambling?

    I look forward to hearing some responses,

    Regards
     
    LibraMH, Jan 4, 2019
    #1
  2. LibraMH

    LibraMH New Member

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    note that this would be an online casino
     
    LibraMH, Jan 4, 2019
    #2
  3. gizmotron

    gizmotron Well-Known Member Founding Member

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    Occupation:
    Retired
    Location:
    The West Coast of USA, RV'ing
    How would you monetize the transactions? How would the transference of money be costed out? Perhaps the fees for getting your money back where enough to pay for the casinos operations. Once you have live tables you have casino staff to pay. What about paying the casino a fee in order to play at fair odds? So many things to solve before it would work itself out of business. It's an interesting idea. It would need a live, real, confirmed Roulette wheel.
     
    gizmotron, Jan 4, 2019
    #3
    Nathan Detroit likes this.
  4. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Wishful thinking . Naïve to boot .


    Learn how to bet EC and hind a casino offering la partage at 0 / 00 .



    ND
     
    Nathan Detroit, Jan 4, 2019
    #4
  5. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Who shall pay for the equipment , the staff , the electricity , and the pissoir . ??? Lady Luck ?
     
    Nathan Detroit, Jan 4, 2019
    #5
  6. LibraMH

    LibraMH New Member

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    its online so there would not be any those things. only cost for web development licenses and so on
     
    LibraMH, Jan 4, 2019
    #6
  7. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Where on line ? In phantasy land ?
     
    Nathan Detroit, Jan 4, 2019
    #7

  8. bahadurla350z

    bahadurla350z Member

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    Uzbekistan
    If no one is going to loose money and no one is paying you too play then how is the company supposed to run?. Online business has it's own requirement. You need a back office to deal with stuff. It's gonna cost alot
     
    bahadurla350z, Mar 2, 2019
    #8

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