Moneypot just took a huge loss? - page 8.

Rmcdermott927

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Quote from: panjul07 on January 29, 2016, 01:41:57 PM

Quote from: Falconer on January 29, 2016, 01:25:12 PM

Quote from: maku on January 29, 2016, 12:56:33 PM

Was this all legit win? Or it is another feat similar to HufflePuff exploiting the system? There is saying that the House always wins. And you see, that is not always true.
And it is a reminder: investing is not so different from gambling, you still can lose your money.

There has no confirmation yet from the new owner and since no one posted about withdrawal delay from moneypot then we can assume that the player has withdrawn some of its bitcoin already so it could be considered as a legit win. Someone won over 50 btc as well IIRC from dustdice but soon after that investor got its luck back

The owner has just confirmed regarding this big winning https://bitcointalksearch.org/topic/m.13715691 , he said "suspicious bets" means that he think there were something wrong on moneypity's bets. Lets wait for moneypot staff to investigate this..

I had quotes around "suspicious" because several people in the MP thread were calling them that. Until there is a investigation of the moneypot logs, no one knows if they were real, or if the guy was just insanely lucky. I know the staff is looking at it though.

panjul07

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Quote from: Falconer on January 29, 2016, 01:25:12 PM

Quote from: maku on January 29, 2016, 12:56:33 PM

Was this all legit win? Or it is another feat similar to HufflePuff exploiting the system? There is saying that the House always wins. And you see, that is not always true.
And it is a reminder: investing is not so different from gambling, you still can lose your money.

There has no confirmation yet from the new owner and since no one posted about withdrawal delay from moneypot then we can assume that the player has withdrawn some of its bitcoin already so it could be considered as a legit win. Someone won over 50 btc as well IIRC from dustdice but soon after that investor got its luck back

The owner has just confirmed regarding this big winning https://bitcointalksearch.org/topic/m.13715691 , he said "suspicious bets" means that he think there were something wrong on moneypity's bets. Lets wait for moneypot staff to investigate this..

cjmoles

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Quote from: tommygunyeah on January 29, 2016, 09:06:53 AM

Eventually the house will always win. We all know that. The fact is that the house may be rigged, and then it might end up being profitable, after all...

This reminds of a funny story. I was playing slots in an Indian casino and about 30 minutes into the game I hit a big jackpot. At that very instant, guy's with cameras came popping up out of nowhere snapping pictures...bout knocked me off my stool they flew up so fast! I remember thinking, "they must've set this up to promote the casino." The kicker was that I didn't want my picture taken because I was supposed to be somewhere else...One never knows when they'll be the chosen one!

Sometimes brick and mortar clubs loosen their slots for advertising equity. They eventually get it all back.

Falconer

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Quote from: maku on January 29, 2016, 12:56:33 PM

Was this all legit win? Or it is another feat similar to HufflePuff exploiting the system? There is saying that the House always wins. And you see, that is not always true.
And it is a reminder: investing is not so different from gambling, you still can lose your money.

There has no confirmation yet from the new owner and since no one posted about withdrawal delay from moneypot then we can assume that the player has withdrawn some of its bitcoin already so it could be considered as a legit win. Someone won over 50 btc as well IIRC from dustdice but soon after that investor got its luck back

maku

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Quote from: Sir_lagsalot on January 29, 2016, 07:23:21 AM

Wow! Turns out that this guy: https://www.moneypot.com/users/moneypity won 55 btc on plinko. Impressive feat. He joined but a few hours ago. I joined multiple hours ago and i'm a couple of hundered thousands down...

Was this all legit win? Or it is another feat similar to HufflePuff exploiting the system? There is saying that the House always wins. And you see, that is not always true.
And it is a reminder: investing is not so different from gambling, you still can lose your money.

EngiNerd

full member

Activity: 168

Merit: 100

Wow, that was quite a hit. I had just decided yesterday not to divest Tongue

Shoulda listened to my gut...

Variance can be a bitch, but investing in MoneyPot is still +EV (over an infinite amount of time) since you're backed by the house edge, but short terms losses can suck.

My congrats to the winner, and may he continue to gamble Wink

Game_Seller

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People forget the house doesn't always win when they invest.

Emerge

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It DID say
"Invest what you can afford to lose"

tommygunyeah

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Quote from: DeathAngel on January 29, 2016, 09:04:08 AM

Quote from: cjmoles on January 29, 2016, 08:02:09 AM

Well, anybody who bets all maniac like that on games with a house edge is bound to throw it all back sooner or later...variance is a sour apple at times. It's easy come and easy go in the minds of those who have the bug. But, wow...it looked like investors were just cruising for awhile there...now a third of their investment gone! Ouch!

Yep, anybody who bets huge amounts at 98% or whatever will win lots but all it takes is one unlucky go & BOOM, all gone.

The house always wins in the end, it's basic math.

Eventually the house will always win. We all know that. The fact is that the house may be rigged, and then it might end up being profitable, after all...

DeathAngel

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#1 VIP Crypto Casino

Quote from: cjmoles on January 29, 2016, 08:02:09 AM

Well, anybody who bets all maniac like that on games with a house edge is bound to throw it all back sooner or later...variance is a sour apple at times. It's easy come and easy go in the minds of those who have the bug. But, wow...it looked like investors were just cruising for awhile there...now a third of their investment gone! Ouch!

Yep, anybody who bets huge amounts at 98% or whatever will win lots but all it takes is one unlucky go & BOOM, all gone.

The house always wins in the end, it's basic math.

panjul07

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Quote from: TwitchySeal on January 29, 2016, 07:51:22 AM

Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

...Will take at least a few months to recover...

Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

Hope he wont be greedy to put it all back to try to gain more and more profit. If I was him, I would prefer to cash out 90% of the profit or even more then continue to play just for fun.

twister

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Quote from: FruitsBasket on January 29, 2016, 07:54:12 AM

Quote from: TwitchySeal on January 29, 2016, 07:51:22 AM

Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

...Will take at least a few months to recover...

Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

If you had won such a big amount of bitcoins, would you return it?
I don't think so Roll Eyes

I have seen people win 100s of BTC on gambling sites and lose them same day after couple of hours. So sooner or later the house will make up the losses and investor's money with it.

The house always wins, right?

yahoo62278

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Hopefully he goes full maniac on my site bubblesbit

TwitchySeal

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Join the world-leading crypto sportsbook NOW!

Quote from: FruitsBasket on January 29, 2016, 07:54:12 AM

Quote from: TwitchySeal on January 29, 2016, 07:51:22 AM

Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

...Will take at least a few months to recover...

Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

If you had won such a big amount of bitcoins, would you return it?
I don't think so Roll Eyes

I might.

cjmoles

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Activity: 1176

Merit: 1017

Well, anybody who bets all maniac like that on games with a house edge is bound to throw it all back sooner or later...variance is a sour apple at times. It's easy come and easy go in the minds of those who have the bug. But, wow...it looked like investors were just cruising for awhile there...now a third of their investment gone! Ouch!

elm

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Quote from: FruitsBasket on January 29, 2016, 07:54:12 AM

Quote from: TwitchySeal on January 29, 2016, 07:51:22 AM

Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

...Will take at least a few months to recover...

Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

If you had won such a big amount of bitcoins, would you return it?
I don't think so Roll Eyes

it looks to me that you are not a gambler and if I am right you can't win such an amount. only a gambler can win such an amount
and because of this fact he can lose an amount like this very easily. easy come easy go

FruitsBasket

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Quote from: TwitchySeal on January 29, 2016, 07:51:22 AM

Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

...Will take at least a few months to recover...

Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

If you had won such a big amount of bitcoins, would you return it?
I don't think so Roll Eyes

JackpotRacer

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All Games incl Racer and Lottery game are Closed

Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

Quote from: cjmoles on January 29, 2016, 07:27:53 AM

Wow....That's a pretty big wig win. I'm glad I pulled out just before ownership changed hands. Is it real? Or, is it some sort of typo.. Huh

..investor profit negative 27 BTC? So, does that mean the investors still owe 27 BTC? I don't quite understand the ramification of it all. Does the winner OWN moneypot.com now?

Lol no. Just means investors lost 27 BTC , from what I've seen, about 30% of bankroll was lost. Will take at least a few months to recover but bankroll will get to the spot it was before this win eventually.

a few months to recover 27 BTC? we had a player not long ago who lost 15 BTC in 2 short sessions

TwitchySeal

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Quote from: Mickeyb on January 29, 2016, 07:47:37 AM

...Will take at least a few months to recover...

Maybe.

Or maybe he'll give it all back and then some in the next 20 minutes.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: cjmoles on January 29, 2016, 07:27:53 AM

Wow....That's a pretty big wig win. I'm glad I pulled out just before ownership changed hands. Is it real? Or, is it some sort of typo.. Huh

..investor profit negative 27 BTC? So, does that mean the investors still owe 27 BTC? I don't quite understand the ramification of it all. Does the winner OWN moneypot.com now?

Lol no. Just means investors lost 27 BTC , from what I've seen, about 30% of bankroll was lost. Will take at least a few months to recover but bankroll will get to the spot it was before this win eventually.

Topic: Moneypot just took a huge loss? - page 8. (Read 7588 times)