Topic: MoneyPot - Crash with the lowest house edge - page 7. (Read 2730 times)

They wont, or else there is no point on using that name. The name 'moneypot' is probably one of the trademark for crash game back then so if they want to add another game then its totally pointless.

Anyone that started gambling with bitcoin 5-10 years ago is pretty familiar with the name 'moneypot' and its an own brand for a simple crash game. Imagine checking in 'moneypot' only to find that there are slots or whatsoever in there, feels pretty weird

It is stated in the help page already that this site is an exclusive bitcoin site so there will be no chance for players to see other payment method. This is exactly the same as bustabit, an old bitcoin crash site with no other payment method except bitcoin although they have been running for many years now. You are right that players should not expect to see other currencies here unless moneypot has a different plan in the future by expanding the services.

You wouldn't ask those questions if you read the op and a few replies from the first page of this topic. The domain is old, but he is the fourth or fifth owner of this domain. The domain was used for a first crash gambling site and then it was used for another purpose, the current owner does not have any connections with the previous owners. They got the bustabit script and they started the platform very recently.

Even though they have a crash game only at this moment, they might add other games in the future. We don't know the possibility. But it will depend on user experience. Moneypot claims it's providing the lowest house edge Crash game at this moment.

Well, Moneypot, you are always welcome here in the forum as long as you give happiness to everyone here. You can still give a variety of games to enjoy by the gamblers because of the features you have in your platform. But I just wondered, since this moneypot was founded in 2015, if it hadn't become too noisy here in the crypto industry. Though I never heard any issues about your platform,

Why did the moneypot come back just now? Is the competition fierce? Is it hard to keep up with the big and well-known crypto casino gambling industry?

There are some genuine gamblers. But if you see people who do not participate in some competitions, there are several reasons for that. Some competitions are too competitive, and others are too complicated to complete. Players are unlikely to test if you put too many restrictions on a competition. The prize pool depends on that as well. For example, you offer a one mBTC prize pool where a player can lose more than that to get a winning result. Since this is a competition, you must give something to bring new players. If two players compete for a 1mBTC prize pool, that's enough for a startup platform. You will have more participants in the next round.

I have dual feelings for this because I have seen the best of both worlds. This forum is full of gamblers but not all are involved in the competition and that's true but it is also true that most gamblers would take the role of watchers. What I mean is, that they would usually just check how these participants are doing in the game and see the fun from their desks. However, this slowly causes them to think about the casino and they also start playing the casino on the official site. This becomes an indirect type of marketing for most of the gambling sites and I think it is still good.

The other way where casino launches promos and codes on their own website is also best since it's happening under the official domain and most of the players do like it that way for better confidentiality and trust. I think its fine both ways the MoneyPot chose.

It is just the question of how much importance to which type of promo?

This is correct. The introduction of loyalty rewards and other promotion makes casino very strict on multiple account which is not a big deal before when casino doesn’t have promotion.

I remember, I really like having multiple account on popular dice game before because I usually change account when I feel that I’m unlucky on one of my account. This is just my personal belief but sometimes playing using fresh account gives me more confidence before.

But the current casino ToS usually forbid anyone to multi account now due to potential promotion abuse.

Why would anyone need a multi account? Isn't it a common practice in gambling sites not to have multi account or your will be banned or lose your money with them?

As far as I saw, they are Bitcoin Crash site. So, I think expecting any other currency will be too ambitious expectation.

Just checked your site out and I loved the overall design and UI. Am a big crash fan myself and the fact that you guys are offering your game with a 0.1% HE for the lowest multiplier is truly epic.

Can you clarify whether it's alright to create multiple accounts on your site without abusing any promotions etc?

I've signed up at Moneypot. I see not many crypto options to play with there. Will you be adding other cryptos to play in the future? to be honest I don't like playing with bitcoin, because it has to input a lot of 0, I prefer tron. Hopefully there will be tron ​​in the future. 

That was intentional, but I now realise we need to do a better job explaining what it means. When you don't see any results, it means one of two things:

1) the casino cannot accept the bet
2) the casino can accept the bet but it would have forced you to cash-out before that payout

If you decrease the bet amount and/or payout, you will see its statistics again. Another thing you might have noticed is that MoneyPot is able to accept bets that the competition can't. The way casinos like bustabit work is that they use the Kelly formula to decide whether or not they accept a bet. I.e., it tells them what portion of their bankroll they can risk. What MoneyPot does is that it adjusts win probabilities such that we give players the best possible odds while still being acceptable to investors under the definition that bustabit would use. What this means is that our house edge will be adjusted in accordance with how much the bankroll is risking. And that's the reason we can take bets that other casinos would consider too risky.


I still don't have a timeline, but we are working on it 

Your calculator isn't probably very accurate because as I increase the range, at some point it fails to show your and their statistics.
Your house edge looks really attractive not only for small betters but even for those who bet high because the house edge only grows when you really bet a lot and increase payout.
By the way, your website and the other two ones are looking very much alike. What about to change user interface? I don't know what others think but to my mind, it's not attractive and makes me wonder which website do I really visit. I mean, I think you need a brand identity and some visual uniqueness.

No, the code is not open-source and in fact it doesn't need to be in order for the game to be provably fair. What we mean with that is that players are able to verify that the outcomes have been fair and that we couldn't influence them to favor the house. You can verify them yourself, using Provably Honest's game verification page, or with an open-source verification tool like https://stackblitz.com/edit/moneypot-verifier?file=index.js&view=editor.

Just to avoid side-tracking this thread with stuff about ProvablyHonest, I replied on my PH thread: https://bitcointalksearch.org/topic/m.62734550

Thanks for chiming in. Your explanation about the "trilemma"  that the system you have set up solves makes completely sense.
May you please explain a bit more in details PH offer more guaranteee to dice game ( what do you mean by atomic?) than crash?

Hi hopenotlate,

To answer your question directly, I am dealing with MoneyPot at arms-length. And there are other casinos who are testing out ProvablyHonest services, but likely will not launch with it for at least another 6 months.  ProvablyHonest has been in development for quite a long time, just the domain was to launch under was only recently resolved.


And to answer your question more practically: You should assume that MoneyPot and ProvablyHonest are the same entity and conspiring. You should assume we are have a strong relationship and abusing it. The entire system was actually built upon the premise:

MoneyPot should assume that ProvablyHonest and the player are conspiring. [So all outcomes it can verify itself, based on this]
Players should assume that MoneyPot and ProvablyHonest are conspiring.  [All provably fair guarantees remain!]
ProvablyHonest should assume that MoneyPot and players are conspiring [e.g. it's playing on it's own site]


Even under this "worst case" assumption, the guarantees are identical to any other provably fair casino.  But if the assumption is not correct, then there's additional security and verifications guarantees. But the really important point I want to stress is that there's no reason you should or need to believe they are separate entities.


FWIW the "additional guarantees" that ProvablyHonest offers are actually pretty minor in crash. ProvablyHonest works much better for an atomic game like "dice". Really the main winner here is actually just MoneyPot not needing to store a long-lived secret that if seen would compromise all future games and lead to the site easily be abused.

They aren't advertising the casino by saying 0.1% house edge. They are saying that MoneyPot has the lowest house edge. At the same time, they also mentioned that it is dynamic.

Yes, the house edge of MoneyPot could be a lot higher than the standard 1% HE of crash game. In MoneyPot, the house edge may reach up to 10% in a single round when the total profit amount reaches near to the max profit limit. Check it out to know how the house edge of MoneyPot works: What is the house edge?

Is there a link to your open source code? Since you mentioned your crash game to be probably fair, I assume it's an open sourced crash game?

Furthermore, with only a 0.1% house edge, how do you secure yourself from unexpected and frequent losses? Are there any amounts at which problems arise because of how much you can win/lose at once?

If you were to only use a non dynamic house edge, then from a mathematical standpoint it does not seem feasible for the casino to make a reasonable profit without an extremely large amount of players and a billionaire's bankroll. And since you use a dynamic house edge, why advertise 0.1%? It won't be 0.1% anyway.

Is it possible that the house edge becomes higher than that of other crash game providers?

We've been having small giveaways but don't have any promotions in place yet. We certainly don't want people to take advantage of them, so when that happens, I will make sure we take the necessary precautions.


It's hard to say. Bankroll investments are highly volatile, and their expected rate of return can vary a lot depending on the size of the bankroll, Bitcoin's price, investments or divestments being made, how lucky players are, etc. But in the long run, it's expected to make money. That's why I recommend seeing it as a long-term investing option.


We are not affiliated in any way, but we are the first casino to work with them. What they had mentioned to me was that other casinos showed interest in using their Vx service, but I don't know the details.


No, you can invest without having to pay a dilution fee until I announce that the commission-free period has ended. But that won't happen until the bankroll grows a bit more.


The dilution fee is 0 until new notice. That 3% really is our commission rate right now:

Whenever the bankroll's profit exceeds its previous all-time high, MoneyPot will receive a commission on the profits exceeding the previous all-time high. For example, say the bankroll's profit all-time high is 100 BTC, its current profit is 99 BTC and players combined lose a total of 4 BTC in a round. 3 BTC of that is net profit (exceeding the previous all-time high), so with a commission rate of 3% MoneyPot would receive 0.09 BTC and the remaining 2.91 BTC would go to the bankroll (investors). The commission is charged in real time, so investors can invest and divest whenever they like.

What that means is that it might be a good time to invest, because the house receives very little commission at the moment