Edgeless – CASINO CROWDSALE Whitepaper
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The online gambling industry was valued at USD 45.86 billion in 2016. However, it has two major problems: the price of the gamble and transparency. The price of the individual gamble comes from user-unfriendly rules: a large house edge of 1% - 15% (ref. Expn Section nr. 1), money deposit/withdrawal fees and 2 - 3 days withdrawal delays. In addition, there is no way of knowing what is happening inside the casino’s servers and how the mechanisms are programmed. It can be easily rigged. Players need to rely on trusting the casino, which is most likely not the best option in such a profit-driven industry.