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Topic: Moneypot question...... - page 2. (Read 865 times)

legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
October 08, 2016, 05:56:36 PM
#8
how i can investment in moneypot
and how much reward or return in moneypot

Just open an account on Moneypot and make a deposit in your account: then you will find the "invest" option that allows you to do so istantly and without any fee.

Return is not fixed nor knowable someway in advance: investing in moneypot basically means you provide your money to house bankroll; so when players, of all different apps implemented in MP, lose  you win and viceversa.

If I got it right, ipotetically you may assume in the long run you will see your investiments growing by a percentage equal to average houses edge, of all MP apps,  weighted by the respective wagering volumes.  But lady variance will likely disagree with this

copper member
Activity: 1904
Merit: 1874
Goodbye, Z.
October 08, 2016, 05:44:15 PM
#7
So you want to run your own moneypot app "casino"/"dice site", but you got no clue what the house edge is?
Can't see any way this might be going wrong,...not one.
newbie
Activity: 29
Merit: 0
October 08, 2016, 05:38:22 PM
#6
how i can investment in moneypot
and how much reward or return in moneypot
full member
Activity: 140
Merit: 100
October 08, 2016, 03:31:34 PM
#5
As i have been deciding to use their site for a dice site, i'm a little confused on their split with app devs.

They say 50% split of house edge. Could someone help me understand it a bit.

The house edge is what a casino can expect to earn on every wager. If a casino offers a 1 % house edge and a player bets $100, it can expect to make $1. Obviously it is unlikely that a player loses exactly $1 on a $100 bet–sometimes he will win and sometimes he will lose. But after many wagers the casino's profit will converge on 1 % of the sum of all wagers.

MoneyPot gives applications half of the house edge on every wager. If the casino from the example above used MoneyPot, it would receive $0.50 (half of 1 % of $100) immediately, regardless of whether the player won or lost his bet.
full member
Activity: 140
Merit: 100
October 08, 2016, 03:15:40 PM
#4

That thread has been closed for over ten months. The current thread can be found here.
legendary
Activity: 1862
Merit: 1004
September 26, 2016, 09:56:48 PM
#3
As i have been deciding to use their site for a dice site, i'm a little confused on their split with app devs.

They say 50% split of house edge. Could someone help me understand it a bit.
You don't know what House Edge is? It is build in advantage of every casino game. Basically it is the profit casino get from every bet.
Different casino games have diffrent HE. For example industry standard for Dice is 1% for Roulette is about 5%, Slots 10%-15%

If you use MoneyPot you will be sharing your profits (as the House) from House Edge with them fifty-fifty.
member
Activity: 130
Merit: 10
newbie
Activity: 6
Merit: 0
September 26, 2016, 06:57:50 AM
#1
As i have been deciding to use their site for a dice site, i'm a little confused on their split with app devs.

They say 50% split of house edge. Could someone help me understand it a bit.
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