Moneypot question...... | Bitcointalksearch.org

hopenotlate

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Quote from: Superhitech on October 13, 2016, 10:19:57 PM

-snip-
I'll have to find proof that trends work for gambling site investments, (which I think to be true, but I could also be completely wrong) but until then, we'll just have to assume and invest for long term.

yeah that's the point of this matter. Wink

Assuming no one find an exploit to cheat gambling sites in the long run ( for long I mean years) they will win a percentage on total wagered very close to house edge.

In moneypot this calculation is a bit more complex because total bankroll is used to finance different apps (gambling sites) each one with their own house edge ( so we should calculate a weighted average of the amounts wagered for the respectives house edge ...I think).

But the bigger is the total wagered the closer to house edge the profit will be. But variance may be a real bitch.

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Quote from: hopenotlate on October 13, 2016, 02:43:09 AM

Quote from: lorylore on October 12, 2016, 09:45:44 PM

Quote from: hopenotlate on October 12, 2016, 05:34:51 PM

Quote from: Superhitech on October 12, 2016, 04:59:26 PM

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

I think what he is trying to mean is that different applications have different house edge. That is why he said that overall the moneypot has profits from different sources with different house edge.

I have to disagree with you: that bolded part is a clear reference to Bustabit game strategy

Yes, unfortunately I did mix up moneypot and bustabit for some reason, my bad, you are correct.
I'll have to find proof that trends work for gambling site investments, (which I think to be true, but I could also be completely wrong) but until then, we'll just have to assume and invest for long term.

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Quote from: lorylore on October 12, 2016, 09:45:44 PM

Quote from: hopenotlate on October 12, 2016, 05:34:51 PM

Quote from: Superhitech on October 12, 2016, 04:59:26 PM

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

I think what he is trying to mean is that different applications have different house edge. That is why he said that overall the moneypot has profits from different sources with different house edge.

I have to disagree with you: that bolded part is a clear reference to Bustabit game strategy

lorylore

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Quote from: hopenotlate on October 12, 2016, 05:34:51 PM

Quote from: Superhitech on October 12, 2016, 04:59:26 PM

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

I think what he is trying to mean is that different applications have different house edge. That is why he said that overall the moneypot has profits from different sources with different house edge.

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Quote from: Superhitech on October 10, 2016, 10:36:05 PM

Quote from: hopenotlate on October 10, 2016, 01:39:19 AM

Quote from: maku on October 08, 2016, 07:14:18 PM

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones.

Very good point, but sometimes trends will continue. For example, the price of oil has been declining for a few months, and is continuing to follow the trend of declining. Investing in oil right now for short term would not be a good decision. Of course, if you have money to spare, you could invest in wait for the price to rise, but if you need the money in the short term it wouldn't be advisable.

I wouldn't say don't invest in moneypot, as it is very trustworthy, just if you invest in moneypot, plan to invest for the long term.

You are not wrong if you say trend can be a good friend for analysis. But the problem with your analysis is that you dont have the big picture.
Do you also know that betking also have their down period for a month or so before it shoot back up? You say it is good because it is in an upward trend now. But if you invest a few month ago, you will beg differently. To me, both moneypot and betking looks good as investment tools cause they have strong daily wages and strong daily volume. This should be the key. And moneypot has a smaller bankroll so you will have more profits.
2ndly, if you have a short term to invest, any stocks or casino or anything is not good for you to invest in, invest is only good in the long run. You have to speculate for short term gain and not investment.

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Quote from: Superhitech on October 12, 2016, 04:59:26 PM

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

Superhitech

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Quote from: MartinL on October 11, 2016, 02:07:04 AM

Quote from: Superhitech on October 10, 2016, 10:36:05 PM

Very good point, but sometimes trends will continue. For example, the price of oil has been declining for a few months, and is continuing to follow the trend of declining. Investing in oil right now for short term would not be a good decision. Of course, if you have money to spare, you could invest in wait for the price to rise, but if you need the money in the short term it wouldn't be advisable.

Unlike price movements in a market, the game results generated by MoneyPot are statistically independent. So while trends can certainly (randomly) appear, they are not indicative of future results. And since MoneyPot only accepts wagers with a positive expected value for the house, the chance of a downtrend breaking should be higher than the chance of a downtrend continuing.

Very true, however I'd say that in my opinion, MoneyPot is on one of those random trends, as it has been declining for a while now.
Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

MartinL

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Quote from: Superhitech on October 10, 2016, 10:36:05 PM

Very good point, but sometimes trends will continue. For example, the price of oil has been declining for a few months, and is continuing to follow the trend of declining. Investing in oil right now for short term would not be a good decision. Of course, if you have money to spare, you could invest in wait for the price to rise, but if you need the money in the short term it wouldn't be advisable.

Unlike price movements in a market, the game results generated by MoneyPot are statistically independent. So while trends can certainly (randomly) appear, they are not indicative of future results. And since MoneyPot only accepts wagers with a positive expected value for the house, the chance of a downtrend breaking should be higher than the chance of a downtrend continuing.

Superhitech

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Quote from: hopenotlate on October 10, 2016, 01:39:19 AM

Quote from: maku on October 08, 2016, 07:14:18 PM

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones.

Very good point, but sometimes trends will continue. For example, the price of oil has been declining for a few months, and is continuing to follow the trend of declining. Investing in oil right now for short term would not be a good decision. Of course, if you have money to spare, you could invest in wait for the price to rise, but if you need the money in the short term it wouldn't be advisable.

I wouldn't say don't invest in moneypot, as it is very trustworthy, just if you invest in moneypot, plan to invest for the long term.

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Quote from: klf on October 10, 2016, 04:36:27 AM

True, but no one knows what is the exact reason why moneypot not doing good for the last few months? At least if you know, the reason then can wait for better days to come. If you don't know then it is better to move to some other casinos until moneypot fix it.

That reasoning does not make much sense either.

If you assume MoneyPot to be trustworthy, then any past divergence from the expected value is explained by variance. In that case, investing in MoneyPot has a positive expected value regardless of recent results and investing now is just as good as investing later. In fact, one could argue that investing now is better as the same investment after a recent loss by MoneyPot would acquire a greater share of the bankroll–and therefore claim to MoneyPot's profits–than after a recent gain.

On the other hand, if you do not believe MoneyPot to be trustworthy, then you should not invest regardless of whether doing so would have been profitable in recent history or not.

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Quote from: hopenotlate on October 10, 2016, 01:39:19 AM

Quote from: maku on October 08, 2016, 07:14:18 PM

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones.

True, but no one knows what is the exact reason why moneypot not doing good for the last few months? At least if you know, the reason then can wait for better days to come. If you don't know then it is better to move to some other casinos until moneypot fix it.

hopenotlate

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Quote from: maku on October 08, 2016, 07:14:18 PM

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones.

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Quote from: TheBlues on October 08, 2016, 05:38:22 PM

how i can investment in moneypot
and how much reward or return in moneypot

Investing in gambling casino site is most same like playing in casino only difference is that when you start to play in casino loss chances are 99% but when you go for investing in casino gambling sites it becomes 50 50 % chances as if any user wins jackpot and withdraw it then that gambling site can do nothing but will forward the loss in investment.

So you cannot say con firmly you will get profit or not and how much ?

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Quote from: fullypak on October 08, 2016, 06:57:10 PM

Quote from: TheBlues on October 08, 2016, 05:38:22 PM

how i can investment in moneypot
and how much reward or return in moneypot

In any casino, investments will not come with fixed amount of profit, but over the time you will make a profit if casino makes a profit from house edge. You can find details like how much moneypot has given profit from the last couple of months from this thread. https://bitcointalksearch.org/topic/m.16491928

Last few months they are not doing good and investors are in lose.

Yup, i have been holding it for a long time and the past 2 months, everytime i check, the amount just keep going down and down. However, they have been profit a lot since last year so now the down period is understandable.

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Quote from: TheBlues on October 08, 2016, 05:38:22 PM

how i can investment in moneypot
and how much reward or return in moneypot

Better you learn first what risks are involve in it because investment in any gambling casino's bankroll is very risky and have similarity with gambling, so if you are thinking it can make guaranteed profit for you than you could be get disappointed with that mind, nobody can tell you how much reward or return you will get there.

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Quote from: TheBlues on October 08, 2016, 05:38:22 PM

how i can investment in moneypot
and how much reward or return in moneypot

You can open an account with moneypot, deposit ur btc into it. There is an investment tab where you can choose to invest and when you think u want to take out the money, just click on divest. The profit is depend on the casinos. If the players lose, your investment will go up, if the players win, your investment will go down. There is no promise it will be profit but the house edge should make the moneypot to be profit in the long run.

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Quote from: klf on October 08, 2016, 07:44:49 PM

It not only just creating a website but you also need to spend lot of money and time to market your new site otherwise you will not get a players to play on your site because already many trusted sites are there to consider unless you come up with a unique game which is not in the market and interesting to attract gamblers.

Did you post in the wrong thread? That isn't related to OP's question.

A lot of people in this thread seem to misunderstand OP's question and giving him a hard time, perhaps OP could clarify.

From what I understand, the answer to OP's question is the profit from his gambling site will be split 50/50 with moneypot, since they provide the bankroll.

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It not only just creating a website but you also need to spend lot of money and time to market your new site otherwise you will not get a players to play on your site because already many trusted sites are there to consider unless you come up with a unique game which is not in the market and interesting to attract gamblers.

maku

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Op, I will suggest you don't necessarily want start your own site. Instead a better option for you would be investing in casinos' bankroll.
If I can suggest - with latest statistics I recommend not using MoneyPot for that (they noted big losses recently) but instead use BetKing or CryptoGames.

fullypak

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Quote from: TheBlues on October 08, 2016, 05:38:22 PM

how i can investment in moneypot
and how much reward or return in moneypot

In any casino, investments will not come with fixed amount of profit, but over the time you will make a profit if casino makes a profit from house edge. You can find details like how much moneypot has given profit from the last couple of months from this thread. https://bitcointalksearch.org/topic/m.16491928

Last few months they are not doing good and investors are in lose.

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