I see that the bankroll dropped again and was wondering when using martingele, what is the Max bet that moneypot allows?
You can win up to 99.99% of the bankroll, if you bet with a 99.99% edge. Someone would be very stupid to do that though, since there is an extremely high chance of losing. The max bet MP allows is the house edge times the bankroll.. The owners of moneypot are thinking of adding a fixed maximum bet, but we don't know when it will happen.
I thought they used Kelly, i am invested pretty Big in mp but this Sounds kinda scary, i was with Satoshidice before and i saw these very unlikely bets Win from time to time
They do use the kelly, but it's at 3.333x the kelly I believe. I really doubt anyone would bother betting at a huge disadvantage, just to try to wipe out moneypot. A 2x bet with a 99.99% edge has a ~0.5% chance of winning. I did a test bet on my MP dice site and rose the edge to 99%, and this was what I got:
https://www.moneypot.com/bets/208175503 Someone would be stupid to try and do it, since you would be better off hunting a 100-200 multiplier with a 1% edge. The risk is very high for the gambler.
Do some testing with it if you want, will lower it back to a 0.1% edge later. darkstarftw.github.io if your interested.
True about the Big bets, but i wasnt focusing on that, i just think that if the Kelly would be 1% the chances of something like this (martingle) would get significantly lower, i Mean its what minus 25-30btc in 24hour (looked at the Total bitcoin not the just the investors profit)
And since 90%from the profit doesnt come from Big bets wouldnt that solve this?
It just seems that they are taking a risk Here.
Could be that im wrong, just was thinking out loud
