Topic: MoneyPot - Crash with the lowest house edge (Read 2730 times)

This only applies when the bankroll's profit reaches an all time high. Then the commission rate is applied and the casino keeps that percentage of money for itself and the investors get the rest. I think the difference in percentages is because the total bankroll was much different on these two sites. MP bankroll was ~30BTC and BAB bankroll was around 1740BTC.

However I am not sure if this is the only reason, maybe @devans or @leomedina can give a more precise answer.

But moneypot is shutting down so these numbers dont mean much anymore.

I'm thrilled to announce MoneyPot.com, a Bitcoin crash game with the lowest house edge. What sets MoneyPot apart from other online casinos is that we start with a house edge of 0.1% and only increase it as little as necessary. We invite you to check out our manifesto and our maths page if you want to learn more.

Rock-solid source code

MoneyPot builds upon the code that powers bustabit and bustadice. I acquired the source code from Daniel a couple months ago, after having helped with its development for several years. As a result, MoneyPot has all the features you already know and use:

• Instant deposits available
• Highly optimized withdrawal system
• Scripting support for custom strategies and bots
• Backtest strategies with simulated money
• Shiba the bot

Moving forward, my team and I will focus exclusively on MoneyPot. We have an exciting roadmap ahead and will be delivering updates over the coming months. Also, more games are coming in the future. Stay tuned!

Even higher bet limits

Awesome news! Looking forward to exploring MoneyPot.com. The low 0.1% house edge and features inherited from bustabit and bustadice sound promising. The higher bet limits and augmented provable fairness add to the appeal. Excited about the roadmap and new games. Cheers to the return of MoneyPot's origins!

Bet limits have been virtually eliminated as we use the Kelly criterion to determine the house edge in each game. However, to prevent excessive loss in a single round, we have set a limit on the amount a player can win in one game to 4% of the bankroll. Additionally, we have set a limit on the total amount of winnings per game to 5% of the bankroll. As a result, high rollers can make even larger bets, win more, and overall players will be forced to cash out even less often.

Augmented provable fairness

Provably Honest participates in our provably fair game result generation and maintains transactions records of our games. This offers much better guarantees to players and investors:

• The burden to validate games is no longer on the players. Provably Honest verifies all games on their behalf, without compromising their ability to independently validate them.
• We can't know future game results until the start of the game. This helps us have a more secure system, which indirectly helps our bankroll investors and players.

Please feel free to explore their API docs to see how it works.

Investment system

MoneyPot's bankroll is publicly funded. The commission we receive will be calculated by converting the bankroll to special drawing rights (XDR) using the average exchange rate of the past 180 days, then dividing the result by 30,000,000 XDR. Thanks to our adjusted probability scheme, MoneyPot can offer higher limits without the need for a larger bankroll.

To incentivize investors to participate in the bankroll, we are waiving all dilution fees until further notice.

Back to the origins

As some of you might already know, MoneyPot was the first crash game in the industry. In 2014, when Ryan took over, he rebranded MoneyPot as bustabit. Subsequently, the moneypot.com domain was sold and eventually faded into obscurity. In MoneyPot's early days, the house edge was dynamic. That's our main differentiator, and since we're starting with crash, it only seemed right to acquire the domain. That said, we are in no way affiliated nor know the team that operated it after Ryan. Back to the good old days!

This only applies when the bankroll's profit reaches an all time high. Then the commission rate is applied and the casino keeps that percentage of money for itself and the investors get the rest. I think the difference in percentages is because the total bankroll was much different on these two sites. MP bankroll was ~30BTC and BAB bankroll was around 1740BTC.

However I am not sure if this is the only reason, maybe @devans or @leomedina can give a more precise answer.

But moneypot is shutting down so these numbers dont mean much anymore.

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

We are acquiring bustabit and bustadice and in order to best focus our efforts MoneyPot will regrettably be closing down.

Effective Sunday, February 25th at 18:00 UTC, the game will be paused, deposits and investments will be disabled, and no new registrations will be accepted. After that date, players and investors will only be able to withdraw their funds.

The website and withdrawals will remain operational until June 1, 2024. Please withdraw all your funds by this date. Any remaining funds will only be retrievable for an additional year by contacting us via email.

It has been a fun journey and we thank everyone for being a part of the community.

Ouch    It's a pity Moneypot will close down.

Seems like the domain Moneypot.com has a sort of curse, it seems that you can't launch a long-lasting and sustainable business on it : since I first saw it here on this forum it has changed hands like 5-6 times.
I thought this last time it would have been the right time due to the market leader house edge of the game but evidently I was wrong.

Have you considered leaving moneypot up and running but for a different currency ( or more than one)?

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

My investment on Moneypot was a success, today I withdrew my original BTC that I invested at the start of this year with a good amount of interest, I just wish I had invested even earlier, because the bankroll was small my stake was large and thus the profits were also big.

It is a sad goodbye to this site, thanks for giving us investors a chance to make money. I will continue my investment on bustabit and see things through there.

Have you considered leaving moneypot up and running but for a different currency ( or more than one)?

We are acquiring bustabit and bustadice and in order to best focus our efforts MoneyPot will regrettably be closing down.

Effective Sunday, February 25th at 18:00 UTC, the game will be paused, deposits and investments will be disabled, and no new registrations will be accepted. After that date, players and investors will only be able to withdraw their funds.

The website and withdrawals will remain operational until June 1, 2024. Please withdraw all your funds by this date. Any remaining funds will only be retrievable for an additional year by contacting us via email.

It has been a fun journey and we thank everyone for being a part of the community.

The house edge set too low which is why MoneyPot can not offer lucrative affiliate program like others do. In one sense it's better for the players but in another sense they are missing out traffic which they could easily receive for free on their website if they would have an affiliate program.

I like the fact that Moneypot always wants to give as much as they can to their existing players.

Am really surprised by this change.

Come on Leo tell us more about your future plans.

MoneyPot just acquired Bustabit.  

Change in bustabit's ownership

bustabit has reached an agreement to be acquired by Leo Medina of MoneyPot and will change ownership on Monday, February 26, 15:00 UTC. Please see bustabit's bitcointalk.org thread for details or contact us if you have any questions.

If you wish to remain invested in the bankroll no action is required. However, if you do not wish to remain invested in bustabit's bankroll under its new ownership, please divest before that date on the bankroll management page.

The house edge set too low which is why MoneyPot can not offer lucrative affiliate program like others do. In one sense it's better for the players but in another sense they are missing out traffic which they could easily receive for free on their website if they would have an affiliate program.

I like the fact that Moneypot always wants to give as much as they can to their existing players.

thats interesting concept .

thats interesting concept .

but i just foud something weird  in the Backtest i tested 100000 GAMES  the average house edge was over 1.2% for those 100000 games  even for multiplier as small as 1.01 . 

They have e an innovative concept of dinamic house edge, at least it's the first time I heard of it : when you Place your bet usually the HE is 0.1% ( unless your bet size is significant compared to site bankroll), while the multiplier is rising and your possibile win become higher HE  is gradually increased according to a math formula that links HE to the amount of the bankroll Monepot is risking in that bet.
There is a useful tool on their landing page using which you can instantly ser, using a slide bar, how the  HE changes depending on bet amount.

How often do you increase the house edge ?
And do you inform the players when you increase it ?