Casinos are for-profit; in the long-run, the house always wins. Some websites have enticing giveaways and games which have better odds than others, this post will look at the various Steem based casinos and compare their odds. We don't recommend playing at any particular casino but we do recommend avoiding the ones with a dubious history.
Steemslotgames
https://steemslotgames.com/?referral_name=fairbet
Hive account@steemslotgames certainly puts a lot of effort into their graphics and marketing on steem. They have a referral incentive, regular bonuses, and giveaways-mostly based on pure luck. They also reward top players and have 2 video slot games. The payout % is similar to other slots, i.e. not that great RTP (Return To Player) in SteemStone is 96.03! This means that you will have to win more than 96 times out of 100 placed bets. Please note, however, that this is a long-term calculation, so the results on a smaller sample may be slightly different source
- Every steem you bet will only win 0.9603 back, so you lose 4% per spin
- There is no investment/token scheme
- No known issues with the house
Steem-Bet
No referral link here because we don't recommend you play 
Hive account@steem-bet at this time since they are not paying dividends as promised.
Their dice game works fine, but most people have stopped playing it so this is unconfirmed. The odds are 2% in favour of the house so every Steem you bet you will win back 0.98. You get 50 SBT tokens for each Steem bet, the tokens are not paying dividends and they are not trading so their value is close to if not zero.
- Avoid Steem-Bet
- Every Steem bet, you will win back 0.98 + 50 tokens that don't trade or pay dividends
Epicdice
https://epicdice.io/?ref=fairbet
Hive account@epicdice works great and they recently did a post on fairness here. The odds are 2% in favour of the house so every Steem you bet, you will win back 0.98. They are currently offering 100 EPC tokens for every Steem bet, this will decrease over time. EPC tokens trade at about 0.0001 Steem/token so 100 tokens are worth 0.01 Steem, if you immediately sell your tokens instead of holding them for dividends, this makes the payout significantly better, or 0.99 per Steem bet. (0.98 in Steem and 0.01 Steem worth of EPC tokens)
- Every Steem bet, you will win back 0.98 Steem + 0.01 Steem in EPC tokens
- Referral incentives, leaderboards and the ability to bet EPC tokens for Steem is possible.
Steem Roller
https://www.steem-roller.com/#
Hive account@klye is the one-man show behind this dice game. It has an expected return 0.99 Steem per Steem bet and you can bet on extremes, like rolling above 99.9998. There are no tokens, bonuses, incentives or anything at this time, you can, however, invest in the house and share 90% of the profits with other investors. 50x leveraged investing is allowed, so it doesn't take much Steem to participate in a large % of the profits/losses.
- Every Steem bet, you will win back 0.99 Steem
- You can invest in the house, leverage up and divest in seconds
- No tokens, leaderboards or referral incentives
Cupz
https://cupz.io?referrer=fairbet
Hive account@cupz has 5 different games! Their dice game should payout 0.98 per Steem bet in the long-run. Their other games have a 2% house take as well except for Roulette which should have similar odds to a European Roulette table you can read about here keep in mind they don't allow every typical Roulette betting option. Cupz pays 500 tokens (Cupz) per Steem wagered. Cupz is not paying dividends at this time due to low volume but promises to in the future and the tokens are currently selling for 0.00001 each. 500 Cupz is worth 0.005 Steem so your expected return is 0.985 per Steem bet (0.98 Steem + 500 Cupz worth 0.005 Steem at this time) They have daily leaderboards and referral incentives.
- Every Steem bet, you will win back 0.98 Steem + 0.005 Steem in CUPZ
- PvP games and Roulette
Kryptogames
https://kryptogamers.com/?ref=fairbet
Hive account@kryptogames has the best odds out of all the gambling sites based on Steem. They offer dice with a 0.99 expected payout + 25 gamer tokens per Steem bet at this time. Gamer tokens are selling 0.00002 Steem each right now so that's 0.0005 Steem, meaning their payout is 0.9905 per Steem bet (0.99 Steem _ 0.0005 Steem in Gamer tokens.) Kryptogamers also offers Blackjack and Video Poker. The Blackjack has an expected return of about 0.994 per Steem bet source if you know what you're doing which is similar to their video poker which has the highest expected return of them all at 0.995 source. Kryptogames also has generous leaderboards and referral incentives.
- Best odds from 0.9905 to 0.995 per Steem wagered
- Learn how to play Blackjack and Video poker for best results
Disclosures
Luck plays the biggest part when gambling but the expected returns and payout makes a huge difference if you are a big gambler. The author of this post holds tokens and a stake in every mentioned betting platform (except Steemslotgames) and favours the odds above the sites/tokens. Gambling and tokens do not guarantee any sort of profit and the math shows you will always lose in the long run so please don't gamble more than you can afford to lose.
This post is intended for player information only and the intention is not to provide financial advice, gambling is not an investment, we only recommend playing for fun. If you can find an obvious mistake in this post, or if there is missing pertinent information please let us know in the comments below.
Please join the Steem Gamblers Association on our discord at https://discord.gg/xVcubXH
