MoneyPot - Crash with the lowest house edge - page 10.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: leomedina on July 15, 2023, 01:04:57 PM

Quote from: leomedina on July 15, 2023, 12:33:56 PM

Quote from: Mahdirakib on July 15, 2023, 09:19:53 AM

Quote from: buwaytress on July 15, 2023, 07:44:27 AM

I'm actually still amazed people still want to go for crash games, but it does give me hope that dice and crash survive, and continue to remind us of how crypto brought some innovation to gambling.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

The key here is "with a minimum". We're hoping to attract both crash lovers like you said but also high rollers who want to enjoy higher bet limits. Say the bankroll has ₿ 2,000 and you want to place a ₿ 10 bet. A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking. In this scenario the whale is happy because other casinos don't even allow cashing out that much and investors are happy because the house edge is making up for the risk.

I believe MoneyPot could be even more attractive for many investors because we use half a Kelly to manage our bankroll. What that means is that they can expect way less volatility and almost the same expected growth compared to other casinos.

And a small commission rate is great for investors!, not the other way around. What it refers to is the percentage MoneyPot takes on the profits. So, with our current rate of 0.02%, our cut is negligible. Higher commission rates tend to disincentivize people from investing in the bankroll, but since our bankroll is still small that's not the case for us.

Correction, it's 2.5%. I wouldn't call it negligible but it definitely is smaller than the competition's Grin

i believe what you need to focus on for now is how to get more players on board with your casino. how can you get some of those crash players from reputable casinos to try and take a chance on your site? you may have the lowest HE, but do you think high rollers will trust your site over their old casinos?
as a new player on this industry, you can attract them by running some contests, race or attractive rewards and perks. think of activities why people would talk about moneypot right now. and once you get their interest, think of how they would want to stay longer on your site.

leomedina

copper member

Activity: 106

Merit: 34

bustabit & bustadice

Quote from: Fatunad on July 14, 2023, 05:53:15 PM

Quote from: TimeTeller on July 14, 2023, 03:38:24 PM

Quote from: so98nn on July 14, 2023, 12:45:33 PM

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.

The site is relatively new here, so more than likely, players from here are just trying to play for now and not sending money to the bankroll.
But if they are true to their figures on their site, having about 37.5 BTC for a new site is not bad.
It means, they are attracting some investors here, though we don't know how much BTC the team put into their own vault.
For now, better observe how they are getting some online players as you can view the number on their site itself as well as their dashboard.

Totally just that a mimic of the site of Bustabit which everyone do knows about when it comes to crash game then nothing beats out its mother of all crash games.
I have checked out on their https://www.bustabit.com/license.txt but it seems that moneypot name isnt listed yet or its not really that updated.
Everything that had been listed are all crash game sites which there are lots. I dont know on how this new site would really be able to compete out on the current Bustabit
which had been always preferred by most people when it comes to crash.

When it comes on having that bankroll of 37 BTC? Which it is really indeed that huge i must say and its true that they might be able to hook up
investors but of course it would really be still needing to built up some trust here on the community before that happens.

I'd say right now MoneyPot shares 99% of its source code with bustabit. But it's that 1% that I think makes us a real competitor. The two main advantages we have over them are that our house edge is only increased as little as necessary and that our provably fair system offers investors and players more guarantees.

You won't find MoneyPot in bustabit's license because we are not running the v1 of the code. And AFAIK that's the only one Daniel has for sale.

And I agree with you, the code is not all that matters. Our goal now is to start building up a good reputation amongst the community.

leomedina

copper member

Activity: 106

Merit: 34

bustabit & bustadice

Quote from: leomedina on July 15, 2023, 12:33:56 PM

Quote from: Mahdirakib on July 15, 2023, 09:19:53 AM

Quote from: buwaytress on July 15, 2023, 07:44:27 AM

I'm actually still amazed people still want to go for crash games, but it does give me hope that dice and crash survive, and continue to remind us of how crypto brought some innovation to gambling.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

The key here is "with a minimum". We're hoping to attract both crash lovers like you said but also high rollers who want to enjoy higher bet limits. Say the bankroll has ₿ 2,000 and you want to place a ₿ 10 bet. A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking. In this scenario the whale is happy because other casinos don't even allow cashing out that much and investors are happy because the house edge is making up for the risk.

I believe MoneyPot could be even more attractive for many investors because we use half a Kelly to manage our bankroll. What that means is that they can expect way less volatility and almost the same expected growth compared to other casinos.

And a small commission rate is great for investors!, not the other way around. What it refers to is the percentage MoneyPot takes on the profits. So, with our current rate of 0.02%, our cut is negligible. Higher commission rates tend to disincentivize people from investing in the bankroll, but since our bankroll is still small that's not the case for us.

Correction, it's 2.5%. I wouldn't call it negligible but it definitely is smaller than the competition's Grin

leomedina

copper member

Activity: 106

Merit: 34

bustabit & bustadice

Quote from: Mahdirakib on July 15, 2023, 09:19:53 AM

Quote from: buwaytress on July 15, 2023, 07:44:27 AM

I'm actually still amazed people still want to go for crash games, but it does give me hope that dice and crash survive, and continue to remind us of how crypto brought some innovation to gambling.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

The key here is "with a minimum". We're hoping to attract both crash lovers like you said but also high rollers who want to enjoy higher bet limits. Say the bankroll has ₿ 2,000 and you want to place a ₿ 10 bet. A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking. In this scenario the whale is happy because other casinos don't even allow cashing out that much and investors are happy because the house edge is making up for the risk.

I believe MoneyPot could be even more attractive for many investors because we use half a Kelly to manage our bankroll. What that means is that they can expect way less volatility and almost the same expected growth compared to other casinos.

And a small commission rate is great for investors!, not the other way around. What it refers to is the percentage MoneyPot takes on the profits. So, with our current rate of 0.02%, our cut is negligible. Higher commission rates tend to disincentivize people from investing in the bankroll, but since our bankroll is still small that's not the case for us.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: leomedina on July 15, 2023, 11:47:07 AM

Quote from: coolcoinz on July 14, 2023, 09:26:11 AM

Quote from: leomedina on July 14, 2023, 12:52:20 AM

Thank you! I won't be performing KYC verifications unless required by some government authority. I will make sure I make it clearer in the terms and conditions.

I'm happy to annnouce that I've just become a copper member. While I'm not new in the industry I am in this forum and wasn't aware of it.

Are there any jurisdictions banned from your site? Are you planning to create a list of restricted locations? Any worries about meeting AML standards, especially in the US and EU.
I'm asking because many sites started banning countries with strict gambling regulations in fear of being targeted.

As of today, no. If things change I will make sure I let everybody know.

Quote

Also, you claim that the bankroll is 37 BTC. Are there plans to make the blockchain address public for users to verify that, or should we take your word for it?

Making the deposit addresses or transactions public would be a violation of the inverstors' privacy, so I can't do that. But you don't really have to take my word for it. If MoneyPot doesn't have enough funds to backup what the bankroll shows, soon enough players will discover they can't withdraw their profits. And that would be the end of the casino Cry

On another note, I've started the game a few minutes ago!

What you just described there is it called an exit scam and the possibly of it is the reason why you should offer some way so the people can verify your bankroll is what you claim it to be. You should work on some way to do it, because one does not need to go very far to the past to realize that unfortunately crypto gambling and the crypto currency ecosystem itself is plaged with countless scammers.

Would you not willing to sign a message from an address if your investors agree it would be the right thing to do for the sake of the service in the long term?

leomedina

copper member

Activity: 106

Merit: 34

bustabit & bustadice

Quote from: coolcoinz on July 14, 2023, 09:26:11 AM

Quote from: leomedina on July 14, 2023, 12:52:20 AM

Thank you! I won't be performing KYC verifications unless required by some government authority. I will make sure I make it clearer in the terms and conditions.

I'm happy to annnouce that I've just become a copper member. While I'm not new in the industry I am in this forum and wasn't aware of it.

Are there any jurisdictions banned from your site? Are you planning to create a list of restricted locations? Any worries about meeting AML standards, especially in the US and EU.
I'm asking because many sites started banning countries with strict gambling regulations in fear of being targeted.

As of today, no. If things change I will make sure I let everybody know.

Quote

Also, you claim that the bankroll is 37 BTC. Are there plans to make the blockchain address public for users to verify that, or should we take your word for it?

Making the deposit addresses or transactions public would be a violation of the inverstors' privacy, so I can't do that. But you don't really have to take my word for it. If MoneyPot doesn't have enough funds to backup what the bankroll shows, soon enough players will discover they can't withdraw their profits. And that would be the end of the casino Cry

On another note, I've started the game a few minutes ago!

panjul07

legendary

Activity: 3500

Merit: 1354

I thought the old moneypot is coming back, but after visited the link, I know that I was wrong.
I have no idea why do you (OP) decided to buy this domain instead of having a new fresh domain.
Maybe you think that it will be an advantage due to the fact that moneypot was popular in the past.
Currently you provide crash game and you become the house, will you bring the old moneypot back in the future?
I mean, moneypot when it used to be a wallet as well as provide a bankroll where people can create their own gambling app in moneypot?

Mahdirakib

legendary

Activity: 1946

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In Search of Incredible

Quote from: buwaytress on July 15, 2023, 07:44:27 AM

I'm actually still amazed people still want to go for crash games, but it does give me hope that dice and crash survive, and continue to remind us of how crypto brought some innovation to gambling.

Thousands of gamblers are continuously placing bets on Crash games always in different casinos. You may check the 'Aviator' game live betting stats to have an idea about the crash game popularity. Aviator is a 3rd party provider crash game which is available in different casino. The aviator game has almost 3% house edge, where the in-house crash game has 1% house edge in different casinos.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

buwaytress

legendary

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Join the world-leading crypto sportsbook NOW!

What a blast from the past... was an MP user, mainly with Bit-Exo and had the fortune to withdraw my global bankroll contribution shortly before that famous "hack" heh. Was even with them when previous owners rebranded and took this as part of their suite.

I'm actually still amazed people still want to go for crash games, but it does give me hope that dice and crash survive, and continue to remind us of how crypto brought some innovation to gambling.

Now I wonder if the global bankroll concept for gambling apps could be exhumed and given new life (heh heh).

leomedina

copper member

Activity: 106

Merit: 34

bustabit & bustadice

Quote from: Kakmakr on July 14, 2023, 12:46:28 AM

So, welcome back to the Bitcoin gaming scene.... seeing that you have been in here before, under previous ownership. Wink

You say, "We dynamically adjust our house edge to be the lowest in the industry (by far)." ...so will the house edge be actively displayed, so that people will know what it is at any given time? Example : Every time it is adjusted, a real-time number will be displayed on the GUI for the players?

I can say that I have the lowest house edge, but it is only set at 0.1% for 20 minutes per day and players do not know when that is adjusted. Roll Eyes

This "real-time" transparency are what are lacking in the online gambling industry. The casinos have a static display of the house edge on their site and people think it is not being manipulated during the day. Roll Eyes

I partially answered that already, but yes. The house edge will always be displayed near the game multiplier, so in that sense you could use it to help you decide when to cash-out. Depending on the amount players are wagering, you will see either 1) a static house edge with the minimum (0.1%) or 2) a variable house edge, adjusted in function of how much money the bankroll is risking and limited by the Kelly criterion. And of course, you will be able to verify it Wink

Learn Bitcoin

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Instant cryptocurrency exchange with own reserves!

Quote from: abel1337 on July 14, 2023, 12:03:54 PM

Welcome back to the forum. I wonder why you still posted a new ANN thread where you have an old ANN thread from 2015. I know that this casino were sold and transfered to you last 2015 as I saw from the link from the post above. Does your casino been sold again to the cureent management? Or the old owner from 2015 was still operating this casino? I'm a bit concerned with the transfer of ownership and it can be a alarming for some gambler since it can be retransfered again. Transfer of data can be concerning from some because multiple management can possibly handle your data.

You wouldn't ask these questions if you read the OP. He already explained that he had nothing to do with the previous owners. The old moneypot.com and the new moneypot are operated by a completely different team. The domain was sold a couple of times, and the last buyer is the OP (according to him, probably the 5th). Since they are different owners and platforms, there is no reason to use the old ANN since he wasn't the owner.

Quote from: BitcoinGirl.Club on July 14, 2023, 12:08:18 PM

Good to know. I was about to ask the same questions like the other guy. Do you have a bankroll and how much it is?

Yes, they have a decent amount of bankroll considering a new platform. The current bankroll amount is ₿ 37.51579218

The platform is supposed to start at block number 798750. But it's confirmed there will be further delay.

Quote from: Leo

We are 16 blocks away from having our client seed. But it's getting late where I am, so I won't start it until tomorrow morning. I want to be around just to make sure everything goes smoothly Cheesy

leomedina

copper member

Activity: 106

Merit: 34

bustabit & bustadice

First of all, thank you all for the good wishes.

Quote from: Bitinity on July 13, 2023, 11:34:08 PM

First of all welcome to bitcointalk, I do not say welcome back as you are not the old well-known moneypot. Secondly, as most other suggested above, having a proper and attractive ANN thread will be better. Third, once I visit your site and look at the landing page, I see you have a comparison between your site and others. In this comparison table, you stated that your max profit is 100BTC but after entering the game, I see different max profit information (1.87BTC only). Meanwhile, under your bankroll information, it is stated that your current bankroll is 37.5BTC. Dont you think that your max profit 1.87 is too much compared to your current bankroll?

The reason you are seeing a max profit of 100BTC in the calculator is because it defaults to a bankroll of 2000BTC. You can actually change that value and see what the max profit would be for different bankroll sizes. For example, if you change it to 37BTC or 38BTC (around what MoneyPot currently has) you will see the max profit gets closer to what we have at the moment.

Do I think if its too much? That's actually a pretty good question! The short answer is no, because the Kelly criterion allows us to safely do so. In practice the max profit only gets hit when the casino is risking a considerable portion of its bankroll. But when that happens the house edge will increase too (even higher than the competition's 1%). A casino with a fixed house edge can't take that risk, because they don't adjust their house edge to make up for it. Have a look at our maths page, I did my best to explain how we calculate things.

Fatunad

sr. member

Activity: 2296

Merit: 360

Quote from: TimeTeller on July 14, 2023, 03:38:24 PM

Quote from: so98nn on July 14, 2023, 12:45:33 PM

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.

The site is relatively new here, so more than likely, players from here are just trying to play for now and not sending money to the bankroll.
But if they are true to their figures on their site, having about 37.5 BTC for a new site is not bad.
It means, they are attracting some investors here, though we don't know how much BTC the team put into their own vault.
For now, better observe how they are getting some online players as you can view the number on their site itself as well as their dashboard.

Totally just that a mimic of the site of Bustabit which everyone do knows about when it comes to crash game then nothing beats out its mother of all crash games.
I have checked out on their https://www.bustabit.com/license.txt but it seems that moneypot name isnt listed yet or its not really that updated.
Everything that had been listed are all crash game sites which there are lots. I dont know on how this new site would really be able to compete out on the current Bustabit
which had been always preferred by most people when it comes to crash.

When it comes on having that bankroll of 37 BTC? Which it is really indeed that huge i must say and its true that they might be able to hook up
investors but of course it would really be still needing to built up some trust here on the community before that happens.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: leomedina on July 13, 2023, 05:20:22 PM

Quote from: DoublerHunter on July 13, 2023, 03:34:21 PM

Quote from: edmundduke on July 13, 2023, 03:22:48 PM

Oh wow so Moneypot is back! I used to pay there back in the day, welcome back. Lets see if this time goes any better, i hope it does. The site looks good, ill be sure to give it a try

^Yes this made me confused, I researched it in the forum which seems familiar with this name and you are right, they are here before and it was under the ownership of RHavar but he announced in this thread, https://bitcointalksearch.org/topic/moneypot-under-new-ownership-please-withdraw-your-money-1302623 that Moneypot.com was under new owners control in 2015. So my question is, is OP a new 3rd owner of this gambling casino?
But by the way, welcome back to the forum I think they are not new here, just follow the suggestion above for the marketing ads.

Hi DoublerHunter,

The domain moneypot.com has quite a rich history, but just to be clear I purchased this domain and have no affiliation with previous owners. To my knowledge there's been 5 owners (me included) and has been used for various things. I bought this domain because it was originally used as the very original "crash" game, and when it had invented crash it used a "dynamic house edge" which is something I am hoping to re-popularize.

Thank you everybody else for all the feedback!

^Thank you for the clarification and being actively answering their queries which gives benefit your gambling casino to start to gain trust.
Speaking of re-popularize, I think you need a kind of marketing ad on this, do you have a plan to run a signature campaign for your company and establish your brand name all over the forum? That way will surely you will achieve your goal that to become re-popularize.
However, good luck to you and your business.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: so98nn on July 14, 2023, 12:45:33 PM

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.

The site is relatively new here, so more than likely, players from here are just trying to play for now and not sending money to the bankroll.
But if they are true to their figures on their site, having about 37.5 BTC for a new site is not bad.
It means, they are attracting some investors here, though we don't know how much BTC the team put into their own vault.
For now, better observe how they are getting some online players as you can view the number on their site itself as well as their dashboard.

so98nn

hero member

Activity: 2114

Merit: 603

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

It looks like your thread is receiving good attention in the community. You need to keep that coming.

Quote from: leomedina on July 13, 2023, 05:20:22 PM

Hi DoublerHunter,

The domain moneypot.com has quite a rich history, but just to be clear I purchased this domain and have no affiliation with previous owners. To my knowledge there's been 5 owners (me included) and has been used for various things. I bought this domain because it was originally used as the very original "crash" game, and when it had invented crash it used a "dynamic house edge" which is something I am hoping to re-popularize.

Thank you everybody else for all the feedback!

Good to know. I was about to ask the same questions like the other guy. Do you have a bankroll and how much it is?

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Welcome back to the forum. I wonder why you still posted a new ANN thread where you have an old ANN thread from 2015. I know that this casino were sold and transfered to you last 2015 as I saw from the link from the post above. Does your casino been sold again to the cureent management? Or the old owner from 2015 was still operating this casino? I'm a bit concerned with the transfer of ownership and it can be a alarming for some gambler since it can be retransfered again. Transfer of data can be concerning from some because multiple management can possibly handle your data.

BoXXoB

legendary

Activity: 2018

Merit: 1108

Looks like you need to deposit in order to chat. Any possibility to lift that restriction?

Username same as my forum username, just lowercase.

AbuBhakar

hero member

Activity: 1204

Merit: 563

🇵🇭

Quote from: Onyeeze on July 13, 2023, 03:58:47 PM

Quote from: edmundduke on July 13, 2023, 03:22:48 PM

Oh wow so Moneypot is back! I used to pay there back in the day, welcome back. Lets see if this time goes any better, i hope it does. The site looks good, ill be sure to give it a try

I have not given it a trial before but what I will make you to understand is that before you give a trial you have to study the platform qnd and check if their package will be something that will be favourable to forum members, so I believe that this, Is what ever someone who to test them should do to avoid any future or further complain, many newbie who just registered recently will not know how credible the platform may be, what they base on is to patronize them from their recommendations

The admin give some free bits to try the casino without the risk of depositing money for the game trial. They are claiming that they have 37BTC with their bankroll which I believe the best proof for their integrity once they made sign message using the wallet address holding that amount.

They are offering a bankroll investment which I find a red flag for a newly casino that open without any player that actually playing that will deplete their bankroll. There's no need for them to ask for bankroll investment if there's no customer playing.

Topic: MoneyPot - Crash with the lowest house edge - page 10. (Read 2756 times)