Holy shit. JackpotRacer you're a certifiable idiot.
I am asking questions to get straight forward answers thats all. as long you guys are not telling lies and not bullshitting I am fine and that I am unpleasant thats fine for me because I see the truth hurts! I also know that you are smart enough to know that I am right with what I am saying and you often confirming it and then sometimes delete it
I've deleted some of my posts in the past because I was too much of an asshole, which I tend to always regret. But don't worry, I've carefully reviewed the tone of this one to make sure I wouldn't say anything I could possibly regret.
now lets see if you remember our racer game with the unique Jackpot in those times. you called it "Ingenious" and we were very proud to hear it from you the MP owner. as I understood you also tried to code it for MP and new MP owners not long ago completed the coding and added it to their API
I do not remember any of these events. But for the record I have not been involved in MP in any capacity ever since I sold it. However the JPR game just used the standard MP api which was there from day 1.
lets say in December 2015 when you sold MP the JP was about 5 BTC. did you gave those 5 BTC on to the new owner so in case the JP is hit they could pay it out? I mean they would need to pay it even out of their own pocket if the JP would have been hit after the sale.
For a moment I was a bit confused. I thought you must have bought the JPR account considering you don't even know how your own app worked. But then it wouldn't explain how two different people could be so annoying, so I guess the simple explanation is you're just a moron who literally forgot how his own app worked.
The jackpot funds never exited. It was an illusion. Each bet had 3 outcomes: WIN (normal), LOSE, HIT JACKPOT. The probabilities and payouts were designed such that it was always +EV and +EBG from MP's perspective. (e.g. a player might make a bet that has a 49% chance of making 0.1 BTC, ~51% of 0.1 BTC, and a 1 in million chance of hitting a 10 BTC jackpot).
Then to make the "JACKPOT" win part look more impressive, your app would continually increase the size of the jackpot (while decreasing the probability of winning it) to maintain a neutral EV (which iirc was around ~0.01x of what the person wagered). If you don't believe me, look up the bet id of one of the old bets and look at the multiple outcomes and probabilities and EV.
So next time you want to imply I stole money, you should do so for money that actually existed. If you feel like apologizing, that would be appreciated.
I hope this helped to understand my question before
It indeed did.
ok if you want to go on like this then I tell you that the
IDIOT and MORON is YOU!if you dont remember just sit quiet and do the DD and then talk!
you even admitting that you dont remember and saying the Jackpot amount was an illusion is telling me that you are same clown as Dogedigital and even worse cause it was never an illusion and proof is that many hit the Jackpot with the same chance if it was for 1 bit or 1000 bits and the chance was always same but the amount of the Jackpot was different according to his wager amount.
The jackpot funds never exited. It was an illusion. Each bet had 3 outcomes: WIN (normal), LOSE, HIT JACKPOT. The probabilities and payouts were designed such that it was always +EV and +EBG from MP's perspective. (e.g. a player might make a bet that has a 49% chance of making 0.1 BTC, ~51% of 0.1 BTC, and a 1 in million chance of hitting a 10 BTC jackpot).
we did this kind of Jackpot with the chance of xxx in yyy (I am taking x and y by purpose for now but the numbers are well known) and we didnt earn a satoshi of it. but in your own words you said that this is an ingenious idea to attract players. but if it is as you are describing it now then the players were fooled and had no chance to hit the Jackpot! be assured that we never would accept this kind of Jackpot because then we would cheat the players. but as you are saying/explaining it means you wanted to cheat the players!
1 in a million to hit our Jackpot?
LOL and I always respected you and your knowledge
if it was the case then you or the new owners changed the chance of hitting the jackpot without telling us and this would be a CHEAT! the chance to hit the jackpot was clearly explained in our FAQs and ABOUT and we never lied to our players!
we had whales playing and they easily could hit the 5-8 BTC Jackpot and you are telling me that the Jackpot amount never existed?
?? what if Molloype hit the Jackpot are you telling me he would not be paid cause the Jackpot amount did not exist?
or are you telling him right now that he never had a chance to hit this Jackpot?
?? because you or the new owner coded our Jackpot so it could not be hit?
this
STINKS! if you like or not!
regarding apologizing it is your turn to apologize!
JPR Jackpot 1 in a million chance LOOOOOOOOOOOOOOOOOOOOOOL you Moron
prove it to me and I even dont need to apologize because this would prove that you and the new owners cheated all Racer game players and they should get their money back! how could you accept that we write in FAQs and About our Jackpot is a chance of xxx in yyy but it was 1 in a million?
accepting this would make you a partner of a cheat you are saying we did!
YOU DIDNT KNOW HOW OUR JACKPOT WORKED IN THOSE TIMES! you asked many times and asked for changes so the Investors will have a small share ( +EV) and we adjusted it accordingly.
we know our apps very well but you didnt know all your apps because you didnt care to much because the more apps the more turnover and each app owner was a potential player
and to be frank it was a good idea
............................................................
lets try now to refresh your brain a bit
link
https://bitcointalksearch.org/topic/m.11800954Interesting! Great seeing someone do something new with the MoneyPot API! Best of luck
Actually, there is a much better way using the MoneyPot API. Because of the way you process jackpots manually, I actually think you have an extremely high risk of being -EV.
Let's take a look at one of payout tables of the bets you're making:https://www.moneypot.com/bets/34410141
First of all, you can omit ranges with 0 payouts, as it's a bit redundant.
I don't fully understand the mechanisms of your game but I'm going to assume in that bet, if the outcome lands between [0, 15342) they get the jackpot. However from the MoneyPot's perspective it's only configured to give them 111.97 bits. What you should do, is tell MoneyPot exactly what the jackpot is (e.g. if it's a small bet, 0.5 BTC or if it's a large bet 1 BTC) and if someone wins it, the jackpot money will come from investors and not you! As a side benefit, it'll force you to modify some of your payouts (or probabilities) so that they are overall +EV
Best luck with your casino! Catch me on slack if you need any help or have any questions
@Ryan
..................................................
JPR answer
link
https://bitcointalksearch.org/topic/m.11801652@Ryan
thank you for jumping in with your feedback.
you wrote >>>However from the MoneyPot's perspective it's only configured to give them 111.97 bits.<<<
please let me explain and for a more in depth explanation I will catch you on slack Smiley
the user bet was 4 satoshis on horse 1
the jackpot is always adjusting to each wager up to to the 40k max
Jackpot for example for a 1 sat wager is 0.00002799
Jackpot for example for a 2 sat wager is 0.00005599
Jackpot for example for a 4 sat wager as the example you gave shows will pay 0.00011197
the formula for the fair Jackpot payout is
wager x 279936 x 1% = Jackpot
chance to hit the Jackpot is 1 in 279936
as we take 1% for Jackpot payouts the correct and fair payout for a 4 sat wager if hitting the Jackpot is 0.00011197
please let me explain now the Jackpot for the max 40k sat wager
40k x 279936 x 1% = 1.119744
to compare it with a lottery it would be like a lottery OP with a chance of 279936 to win the only prize and a lottery ticket prize of 1$ should have a fair payout of 297936 $ without keeping any amount for him. but in general lottery OPs take down a nice percentage before paying out the main prize.
I hope this makes sense. and if I missed something please let me know
we could give higher max wager adjusting to MP BR but then we would need to redo the Jackpot math and payout.
cheers
.....................................
Ryan answer
link
https://bitcointalksearch.org/topic/m.11805588Ah, I see! Yeah, that makes sense. Well done =)
......................................................
JACKPOTRACER NEVER CHEATED THEIR FINE PLAYERS! WE posted our Rules very clear and understandable!
enough for now!
BTW
why dont you answer my question? it is an easy KC question for a maths guy like you but maybe the answer could show that you are only talking BS when it is connected to JPR
our Lottery had a House Edge of 9.22%
let me ask you how much could a player win max at a game with 9.22% HE with a 1000 bits bet in case you have 1x kelly and 1000 BTC Bank Roll?
He's quite possibly one of the most unpleasant people I've dealt with before.
