Vitalik Buterin created Ethereum blockchain with the unique vision of a decentralized world in mind that works on a fully transparent and decentralized module. Many developers are now focusing the majority of their attention towards the improvement of this latest network in the blockchain family, as well as developing new applications for the general use. One of the hottest topics on the block is the newest, 0% House Edge crypto casino, known as Edgeless. The team behind this project is revolutionizing current gambling industry by creating a casino that is fully automated and governed by the Ethereum's smart contracts.
Favorable 0% House Edge Gambling Enviroment
Indeed, rare is the availability of gambling establishments which allow you to enjoy any of the games of chance with absolutely no house edge. In the real world, almost every casino games have an edge that favors the house since inception, this means that anything extra will just increase the long-term profits of the particular casino. Clearly, this type of approach doesn't favor players one bit but is a common practice in the current online gambling industry, or well at least until now. Executives at Edgeless are determined on changing current online gambling experience to more favorable for the players and is going to be offering games with no house edge whatsoever! We bet you are wondering how are they planning on making a profit with this type of approach? There is no edge for the house if players are playing 100% perfect game, now against an average player, house tends to have extra 0.86% edge due to the mistakes that player makes and this is one of the places where Edgeless plans on earning their casino revenue from.
Smart Contracts-based Sportsbook and Payouts
Edgeless, raised its operating and development capital through the series of ICO's (Initial Coin Offering) and will be paying out investors based on the agreements set and governed by the smart contracts. Another addition to the casino revenue is going to be fully automated sportsbook that will be operating at 4% profit mark from all of the wagers, which means that Edgeless will be offering odds with 4% juice. All of the games will have full transparency and players can verify all of the actions taking place being random, due to Edgeless Casino being built and governed by Ethereum smart contracts which are accessible to public. Online gamblers can rest assured that Ethereum blockchain is going to be revolutionizing how we are experiencing online gambling and set new industry standards for the games that players love. Not only will we be able to verify all of our results due to the transparency of blockchain technology but also have confidence in receiving our winnings since that area is being governed by the smart contracts on the public network.