Topic: 🌟🎲🌟 MoneyPot.com - page 109. (Read 119056 times)
Exactly... so why would you offer that option anyway? Just say "congratulations, you beat the game" to give the player a good experience rather than having a possibility for a miss-click only to make the player lose all of his initial bet and profits in that game.
Here's profit calculation here which gives the house edge at the same time: https://github.com/Dexon95/bitsweeper/blob/gh-pages/lib/js/script.js#L504 (also see line #462 & #495)
Your first bet is meant to be 1%. (before the last updates, it was ~0.02%, and still had a possibility of HE of 100%)
Maybe I should make the rewards bigger. Yet, maths are... complicated.
Once you clicked a tile, if you won, the stake is your base bet + profit you made till now. But, as your base bet do not changes and you click tiles, the total amount of tiles you can click (chances of win) will decrease. This, is what the house edge is about.
The idea on how I made the game's bet was, your chances of winning goes to the losing chances and the house edge makes your rewards bigger every time you succeed on the next tile.
Maybe I'm wrong and that's not the way to go. I'm an amateur at these things.
Mm yeh... that does not seem correct.Your first bet is meant to be 1%. (before the last updates, it was ~0.02%, and still had a possibility of HE of 100%)
Maybe I should make the rewards bigger. Yet, maths are... complicated.
Once you clicked a tile, if you won, the stake is your base bet + profit you made till now. But, as your base bet do not changes and you click tiles, the total amount of tiles you can click (chances of win) will decrease. This, is what the house edge is about.
The idea on how I made the game's bet was, your chances of winning goes to the losing chances and the house edge makes your rewards bigger every time you succeed on the next tile.
Maybe I'm wrong and that's not the way to go. I'm an amateur at these things.
House edge should be always 1% if you offer a 1% HE game (and don't have jackpots / rewards outside of MP.) The chances of losing / clicking a bomb become already bigger in the "losing range/odds", no need to add an extra house edge on top of it. IMO you should definitely fix that ASAP as IMO your players are currently getting screwed by the house edge.
What a house edge of 100% means (on sweepabit aka bitsweeper), is that the player has no chances to win right? This would implies that the user has clicked every possible green tiles and that the only other tiles left are the bombs. There is literally no way to counter this.
....
Let's say, you bet on a 24 bombs platform. And you win this bet. Your next bet (if you haven't started a new game) will be a HE of 100% since, it's meant to be a bomb.
....
Let's say, you bet on a 24 bombs platform. And you win this bet. Your next bet (if you haven't started a new game) will be a HE of 100% since, it's meant to be a bomb.
No, if there are no non-bomb tiles left, you stop the game an congratulate the player, you don't let him play a "100% chance of losing" game.
NLNico all you are saying makes sense but I have one question
lets say I choose the 5 bombs option and I clicked 20 squares of the 25 and did not hit 1 bomb.... why would I try another square? I should know that I will hit 100% a bomb and lose?
same with a 24 bomb option why would I try another square after I choose the only 1 square without a bomb?
what did I miss here?
thanks
Here's profit calculation here which gives the house edge at the same time: https://github.com/Dexon95/bitsweeper/blob/gh-pages/lib/js/script.js#L504 (also see line #462 & #495)
Your first bet is meant to be 1%. (before the last updates, it was ~0.02%, and still had a possibility of HE of 100%)
Maybe I should make the rewards bigger. Yet, maths are... complicated.
Once you clicked a tile, if you won, the stake is your base bet + profit you made till now. But, as your base bet do not changes and you click tiles, the total amount of tiles you can click (chances of win) will decrease. This, is what the house edge is about.
The idea on how I made the game's bet was, your chances of winning goes to the losing chances and the house edge makes your rewards bigger every time you succeed on the next tile.
Maybe I'm wrong and that's not the way to go. I'm an amateur at these things.
Mm yeh... that does not seem correct.Your first bet is meant to be 1%. (before the last updates, it was ~0.02%, and still had a possibility of HE of 100%)
Maybe I should make the rewards bigger. Yet, maths are... complicated.
Once you clicked a tile, if you won, the stake is your base bet + profit you made till now. But, as your base bet do not changes and you click tiles, the total amount of tiles you can click (chances of win) will decrease. This, is what the house edge is about.
The idea on how I made the game's bet was, your chances of winning goes to the losing chances and the house edge makes your rewards bigger every time you succeed on the next tile.
Maybe I'm wrong and that's not the way to go. I'm an amateur at these things.
House edge should be always 1% if you offer a 1% HE game (and don't have jackpots / rewards outside of MP.) The chances of losing / clicking a bomb become already bigger in the "losing range/odds", no need to add an extra house edge on top of it. IMO you should definitely fix that ASAP as IMO your players are currently getting screwed by the house edge.
What a house edge of 100% means (on sweepabit aka bitsweeper), is that the player has no chances to win right? This would implies that the user has clicked every possible green tiles and that the only other tiles left are the bombs. There is literally no way to counter this.
....
Let's say, you bet on a 24 bombs platform. And you win this bet. Your next bet (if you haven't started a new game) will be a HE of 100% since, it's meant to be a bomb.
....
Let's say, you bet on a 24 bombs platform. And you win this bet. Your next bet (if you haven't started a new game) will be a HE of 100% since, it's meant to be a bomb.
No, if there are no non-bomb tiles left, you stop the game an congratulate the player, you don't let him play a "100% chance of losing" game.
No
No, yea sure np at all. i got it. Just wanted to point some things out before I get those PM asking why my high HE
your straight forward explanation was very fair. may I ask again why bit-exo is able to take your open source game (as I underdstood) and can offer a 1% HE and your game not? I am asking because we wanted to add your sweeper game but as soon we understood that it is a kind of a dice copy we have put it aside for now. thanks again
No, yea sure np at all. i got it. Just wanted to point some things out before I get those PM asking why my high HE
In deed!
What a house edge of 100% means (on sweepabit aka bitsweeper), is that the player has no chances to win right? This would implies that the user has clicked every possible green tiles and that the only other tiles left are the bombs. There is literally no way to counter this. Other wise, people could get every tiles w/o any problem. And this is not how the game is designed for at it's core it self (I mean like the idea behind a mine sweeper game is that there is bombs/mines right?)
You(everyone) have to understand that sweepabit uses a dice betting method but has nothing to do with that kind of game.
Here's profit calculation here which gives the house edge at the same time: https://github.com/Dexon95/bitsweeper/blob/gh-pages/lib/js/script.js#L504 (also see line #462 & #495)
Your first bet is meant to be 1%. (before the last updates, it was ~0.02%, and still had a possibility of HE of 100%)
Maybe I should make the rewards bigger. Yet, maths are... complicated.
Once you clicked a tile, if you won, the stake is your base bet + profit you made till now. But, as your base bet do not changes and you click tiles, the total amount of tiles you can click (chances of win) will decrease. This, is what the house edge is about.
The idea on how I made the game's bet was, your chances of winning goes to the losing chances and the house edge makes your rewards bigger every time you succeed on the next tile.
Maybe I'm wrong and that's not the way to go. I'm an amateur at these things.
I just want to make something most of the people will like
Edit:
Let's say, you bet on a 24 bombs platform. And you win this bet. Your next bet (if you haven't started a new game) will be a HE of 100% since, it's meant to be a bomb.
hi dexon
please understand that I gave your sweeper example because there are people out there they attack us just out of fun and sig spamming. they dont like me personally and that is fine with me. but it is not a personal thingy we are doing here and it is pure business. saying this giving your sweeper as an example of high HE it is not personal. it is just to show that there are other apps with much more HE and no one complains or is attacking you. there are also more out there with high HE or so called +EV that aren't +EV
for us an high HE is acceptable as long it is written on the wall for everyone to see and the player will decide himself to play there or not.
you are explaining that the sweeper actually is a dice betting copy. how is it that bit-exo offers the same sweeper like you are offering and as I understood the HE there is 1%. if this is correct so why cant you offer 1%? I am not saying that you should
all the best
you are saying >>>No - as in we don't allow it. <<<
and next sentence you are saying >>>Multiple user accounts but same person are 'ok' <<<
please correct me if I am wrong. I will open 6 accounts like this user as seen in screenshot did
and I am the same person and go to the same app he wagered or can I even go to all mp apps? so this would be allowed?
Why did you snip the context out of my post? I said that it was 'ok' for server loading purposes, but it is not allowed if the purpose of doing it is to get faster bets.
No -- as in we don't allow multiple tabs of the same account or multiple tabs of different accounts for the purposes of betting faster.
Multiple user accounts but same person are 'ok' in the sense that they do not put as much stress on the server as multiple tabs under the same account would, but we don't wish for users to do this. Users should be using the site as it was intended and not using workarounds to get more requests in to the server.
So basically a user can have more than one moneypot account but they should only gamble with one account at a time?
Or can they gamble on 2 sites with two different accounts (say use one account on betterbets and a different account on dustdice).
My roommate has showed interest in playing that's why I ask. I assume that like other sites you count an "IP" address as a belonging to one person no matter how many people actually use it.
Having more than one account is fine. Just don't have them running at the same time on the same site.
Actually i too dont really see a problem in JPR. It is a lottery, and we all know the lottery systems has a huge house advantage as compare to the other games. However, the system itself will still tempt a lot of people to come and give it a try cause the payout is really extremely good with just a small bet.
In deed!
What a house edge of 100% means (on sweepabit aka bitsweeper), is that the player has no chances to win right? This would implies that the user has clicked every possible green tiles and that the only other tiles left are the bombs. There is literally no way to counter this. Other wise, people could get every tiles w/o any problem. And this is not how the game is designed for at it's core it self (I mean like the idea behind a mine sweeper game is that there is bombs/mines right?)
You(everyone) have to understand that sweepabit uses a dice betting method but has nothing to do with that kind of game.
Here's profit calculation here which gives the house edge at the same time: https://github.com/Dexon95/bitsweeper/blob/gh-pages/lib/js/script.js#L504 (also see line #462 & #495)
Your first bet is meant to be 1%. (before the last updates, it was ~0.02%, and still had a possibility of HE of 100%)
Maybe I should make the rewards bigger. Yet, maths are... complicated.
Once you clicked a tile, if you won, the stake is your base bet + profit you made till now. But, as your base bet do not changes and you click tiles, the total amount of tiles you can click (chances of win) will decrease. This, is what the house edge is about.
The idea on how I made the game's bet was, your chances of winning goes to the losing chances and the house edge makes your rewards bigger every time you succeed on the next tile.
Maybe I'm wrong and that's not the way to go. I'm an amateur at these things.
I just want to make something most of the people will like
Edit:
Let's say, you bet on a 24 bombs platform. And you win this bet. Your next bet (if you haven't started a new game) will be a HE of 100% since, it's meant to be a bomb.
Cant login to any MP site
We do not want any players to be betting on multiple tabs on the same account. It leads to problems because it is too many requests being initiated from a the same source at the same time.
Multiple users betting at the same time is more than ok because it is not focusing the stress on on a single point.
Multiple users betting at the same time is more than ok because it is not focusing the stress on on a single point.
maybe you did not understand my question or I did not ask clear enough. the screenshot shows actually one and the same user with 5 different user names that means that one user is betting with 5 accounts the same time.I cant see a difference between a user who opens 5 tabs for betting and a user who opens 5 accounts with 5 different user names and is betting the same time
The difference is that with multiple tabs under the same user, the requests are all simultaneously being made to a single point.
If a user opens 5 different tabs with 5 different user names, it is different.
However, it is still frowned upon as that single person is allocating more bets to his/her self per second than other players.
Really, I don't see how any business would be in favour of 'work-a-rounds' for using the website in a different manner that was intended.
as I did not understand your answer please give us a clear answer
multi tabs allowed? yes or no
multi accounts like seen on screenshot (btw this user had 6 accounts) allowed? yes or no
thx
If they are betting at the same time, No to both.
can we take it as a no for both questions?
because you said before
>>>Multiple users betting at the same time is more than ok because it is not focusing the stress on on a single point.<<<
and it confuses if you give only one "no"
No -- as in we don't allow multiple tabs of the same account or multiple tabs of different accounts for the purposes of betting faster.
Multiple user accounts but same person are 'ok' in the sense that they do not put as much stress on the server as multiple tabs under the same account would, but we don't wish for users to do this. Users should be using the site as it was intended and not using workarounds to get more requests in to the server.
Good post, JPR, and informative, as well.
I can very well confirm that JPR informed me of the chance of hitting 4/6 being 1:1033. And I don't think you're stupid, JPR; I just thought you were acting silly in response to a couple users' questions, rather than providing a professional response, which was to be expected. I don't know the history between you and joksim or darkdays, so I'm not aware of any personal vendettas you guys may have on each other. I was just stating (in the other thread) that you were acting childish in your responses that I read.
And also, I can confirm that it rained heavily in the JPR chat when the 6/6 was hit! That is what actually got me started in MoneyPot in the first place!
Thanks for clarifying.
I can very well confirm that JPR informed me of the chance of hitting 4/6 being 1:1033. And I don't think you're stupid, JPR; I just thought you were acting silly in response to a couple users' questions, rather than providing a professional response, which was to be expected. I don't know the history between you and joksim or darkdays, so I'm not aware of any personal vendettas you guys may have on each other. I was just stating (in the other thread) that you were acting childish in your responses that I read.
And also, I can confirm that it rained heavily in the JPR chat when the 6/6 was hit! That is what actually got me started in MoneyPot in the first place!
Thanks for clarifying.
We do not want any players to be betting on multiple tabs on the same account. It leads to problems because it is too many requests being initiated from a the same source at the same time.
Multiple users betting at the same time is more than ok because it is not focusing the stress on on a single point.
Multiple users betting at the same time is more than ok because it is not focusing the stress on on a single point.
maybe you did not understand my question or I did not ask clear enough. the screenshot shows actually one and the same user with 5 different user names that means that one user is betting with 5 accounts the same time.I cant see a difference between a user who opens 5 tabs for betting and a user who opens 5 accounts with 5 different user names and is betting the same time
The difference is that with multiple tabs under the same user, the requests are all simultaneously being made to a single point.
If a user opens 5 different tabs with 5 different user names, it is different.
However, it is still frowned upon as that single person is allocating more bets to his/her self per second than other players.
Really, I don't see how any business would be in favour of 'work-a-rounds' for using the website in a different manner that was intended.
as I did not understand your answer please give us a clear answer
multi tabs allowed? yes or no
multi accounts like seen on screenshot (btw this user had 6 accounts) allowed? yes or no
thx
If they are betting at the same time, No to both.
please let me add to ranlo's answer
all details regarding handling of our Lottery payouts is written in main thread and in menu. yes we changed and added payouts for 4/6 and 5/6 (many users asked for it) and this needed to be taken in account regarding payouts handling and multiplier and partly did not update in menu because we are not coders and need the coders to do it and we all were very busy working on new games (one added yesterday)
we don't hide anything or tell fishy stuff like others are doing it. everyone can read and understand our payouts and what we take for what reason is clearly written in our thread and site.
we also don't force or push anyone to play on our sites and everyone is welcome to do his DD and decide according to his findings and in case he has questions he is always welcome to ask us in thread or in chat on site. we will never shy away from serious questions from our players ( we give utmost respect to all players) but we will not get in discussions with any user or player (who did not play on our app) who is attacking us with his poor maths knowledge or because he only wants to attack us and harm us. (we always will mirror any attacker's behavior) and @joksim is not new to us and lost once his signature after we complained about him and his signature campaign manager was canceling his contract. very easy to see his vendetta against us. and darkdays who is jumping on the wagon and now even Joe who'e eyes were opened by joksim and darkdays maths. sorry but it gave us a laugh
let me tell you what I would do. I would kindly ask the OP if I don't understand any point written on site or thread for an explanation and then decide if I will wager there or not. and yes if I understand that the OP wants to fool me I would get angry and let him know that. easy as that
it is clearly written that the chance to hit 6 out of 49 like in any state lottery is 1 in 13 983 816 bets (a state lottery draws 2 times a week and our Dust Lottery draws 2 times a second a state lottery pays out 40-60% we ~70% and please show us one user who can say we gave false 1 in xxxx bets than the 1 in 13 983 816 we even give the following link to all users who were asking us
http://www.lottogenie.com/html/odds.html here one can check the chances and can't tell us he did not know
yes many users didn't even know how often in average a 4/6 will show up but we even asked joe and he did not know it (not to be ashamed of) and explained him that the chance to hit 4/6 in 1000 rolls is 1 in 1033 bets. I hope joe will remember and confirm this.
we are asking all and Joe what odds are better 1 in 13 983 816 or 1 in 100 000 000 yes 1 in one hundred million (leaving the JP amount aside) and we did not post in thread like the other OP did that it is +EV but user joksim was so kind to correct the poster that it is not + EV but did he attack the poster? No! please look here for the conversation https://bitcointalksearch.org/topic/m.14493733
please don't come back and telling us we are jealous because we are not and sending many players to their app (we can prove it) and we are not saying that the OP did say it by purpose that it is + EV but he said it and it was wrong and user joksim did catch it
we are clearly stating on thread and site that we take 10% from winner to give chat rain
we are clearly stating that we are taking 10% from winner for affiliates
yes we take it as long the user is not under an affiliate. this is our way (out of experience) to give respect to the affiliates that no user will open a new account (easily done on MP) to circumvent the affiliate. affiliates are very glad about this handling and we always tell in chat to use our affiliate program and even do deals with other players on site to get each others aff share.
and it would be stupid to lie about the 9.22% HE because it is well seen in bet ID
and the small difference still left for rubies
let me reiterate that we will not go in any discussions with stupid attackers because all I explained now is written clearly on site and thread.
we answered here now because we felt that we have to clear the matter for all MP customers and investors. as long we are with MP and powered by MP we are not intending to harm us or MP. yes we change strong words with MP because if Joe will like or not we are old people (but not stupid as Joe thinks) and we have more than 45 years experience and thats a fact and many could learn a lot from us. though it is not a must
sorry for my bad english and that I am an old man in your eyes but if you are lucky you will get the feeling of an old man
hope it helped to clear some important points. thank you for reading all and don't bet more than you can afford and read all details thoroughly and not only on our sites and games. and let me tell you with a big satisfaction and smile that all the false accusations from those users were missing a very big point. for us a positive one and to be frank I am sure those attackers did not leave it out by purpose they just didn't saw it because of their blind attacks
all players are welcome to play at our apps and and enjoy our generous promos ( forgot to mention our many many free promos costing us alot)
good luck wherever you will put your coins on
edit:
regarding high HE
https://www.moneypot.com/bets/126117250
https://www.moneypot.com/bets/126117424
https://www.moneypot.com/bets/126119180
and lol https://www.moneypot.com/bets/126221322 and someone said somewhere even up to 100%
this app is even featured on MP site. but please don't understand us wrong we are not against any HE as long the user is informed and it is his decision to wager there. and investors will be happy to have such apps instead of apps with 0.1 or even 0.02% HE
you have to ask yourself why are we attacked? we know why
adding another posting of user joksim in our thread looking for Mod
https://bitcointalksearch.org/topic/m.14593757
all details regarding handling of our Lottery payouts is written in main thread and in menu. yes we changed and added payouts for 4/6 and 5/6 (many users asked for it) and this needed to be taken in account regarding payouts handling and multiplier and partly did not update in menu because we are not coders and need the coders to do it and we all were very busy working on new games (one added yesterday)
we don't hide anything or tell fishy stuff like others are doing it. everyone can read and understand our payouts and what we take for what reason is clearly written in our thread and site.
we also don't force or push anyone to play on our sites and everyone is welcome to do his DD and decide according to his findings and in case he has questions he is always welcome to ask us in thread or in chat on site. we will never shy away from serious questions from our players ( we give utmost respect to all players) but we will not get in discussions with any user or player (who did not play on our app) who is attacking us with his poor maths knowledge or because he only wants to attack us and harm us. (we always will mirror any attacker's behavior) and @joksim is not new to us and lost once his signature after we complained about him and his signature campaign manager was canceling his contract. very easy to see his vendetta against us. and darkdays who is jumping on the wagon and now even Joe who'e eyes were opened by joksim and darkdays maths. sorry but it gave us a laugh
let me tell you what I would do. I would kindly ask the OP if I don't understand any point written on site or thread for an explanation and then decide if I will wager there or not. and yes if I understand that the OP wants to fool me I would get angry and let him know that. easy as that
it is clearly written that the chance to hit 6 out of 49 like in any state lottery is 1 in 13 983 816 bets (a state lottery draws 2 times a week and our Dust Lottery draws 2 times a second
a state lottery pays out 40-60% we ~70% and please show us one user who can say we gave false 1 in xxxx bets than the 1 in 13 983 816 we even give the following link to all users who were asking ushttp://www.lottogenie.com/html/odds.html here one can check the chances and can't tell us he did not know
yes many users didn't even know how often in average a 4/6 will show up but we even asked joe and he did not know it (not to be ashamed of) and explained him that the chance to hit 4/6 in 1000 rolls is 1 in 1033 bets. I hope joe will remember and confirm this.
we are asking all and Joe what odds are better 1 in 13 983 816 or 1 in 100 000 000 yes 1 in one hundred million (leaving the JP amount aside) and we did not post in thread like the other OP did that it is +EV but user joksim was so kind to correct the poster that it is not + EV but did he attack the poster? No! please look here for the conversation https://bitcointalksearch.org/topic/m.14493733
please don't come back and telling us we are jealous because we are not and sending many players to their app (we can prove it) and we are not saying that the OP did say it by purpose that it is + EV but he said it and it was wrong and user joksim did catch it
we are clearly stating on thread and site that we take 10% from winner to give chat rain
we are clearly stating that we are taking 10% from winner for affiliates
yes we take it as long the user is not under an affiliate. this is our way (out of experience) to give respect to the affiliates that no user will open a new account (easily done on MP) to circumvent the affiliate. affiliates are very glad about this handling and we always tell in chat to use our affiliate program and even do deals with other players on site to get each others aff share.
and it would be stupid to lie about the 9.22% HE because it is well seen in bet ID
and the small difference still left for rubies
let me reiterate that we will not go in any discussions with stupid attackers because all I explained now is written clearly on site and thread.
we answered here now because we felt that we have to clear the matter for all MP customers and investors. as long we are with MP and powered by MP we are not intending to harm us or MP. yes we change strong words with MP because if Joe will like or not we are old people (but not stupid as Joe thinks) and we have more than 45 years experience and thats a fact and many could learn a lot from us. though it is not a must
sorry for my bad english and that I am an old man in your eyes
but if you are lucky you will get the feeling of an old man hope it helped to clear some important points. thank you for reading all and don't bet more than you can afford and read all details thoroughly and not only on our sites and games. and let me tell you with a big satisfaction and smile that all the false accusations from those users were missing a very big point. for us a positive one and to be frank I am sure those attackers did not leave it out by purpose
they just didn't saw it because of their blind attacksall players are welcome to play at our apps and and enjoy our generous promos ( forgot to mention our many many free promos costing us alot)
good luck wherever you will put your coins on
edit:
regarding high HE
https://www.moneypot.com/bets/126117250
https://www.moneypot.com/bets/126117424
https://www.moneypot.com/bets/126119180
and lol https://www.moneypot.com/bets/126221322 and someone said somewhere even up to 100%
this app is even featured on MP site. but please don't understand us wrong we are not against any HE as long the user is informed and it is his decision to wager there. and investors will be happy to have such apps instead of apps with 0.1 or even 0.02% HE
you have to ask yourself why are we attacked? we know why
adding another posting of user joksim in our thread looking for Mod
https://bitcointalksearch.org/topic/m.14593757
Hey, I'm not sure if you guys were aware of this or not but I did a little math today and it looks like "DustLottery" is skimming an additional 18.62% worth of house edge. If I was a player I'd be uncomfortable with them taking such a massive cut (almost 30%) and if I was an MP investor I'd be uncomfortable with not receiving a full half of the profits they are making from their site, seeing as MP is taking 100% of the risk. Here's a link if you'd like to read more: https://bitcointalksearch.org/topic/m.14586566
Hey, I'm not sure if you guys were aware of this or not but I did a little math today and it looks like "DustLottery" is skimming an additional 18.62% worth of house edge. If I was a player I'd be uncomfortable with them taking such a massive cut (almost 30%) and if I was an MP investor I'd be uncomfortable with not receiving a full half of the profits they are making from their site, seeing as MP is taking 100% of the risk. Here's a link if you'd like to read more: https://bitcointalksearch.org/topic/m.14586566
As a player, I must say that the appeal to win such a large jackpot based on the minuscule amounts of each ticket was my draw to keep returning to the site. I never really found any of the promos that JPR held to be fishy. But even with the minuscule "dust" amounts that I was playing with on the site, there really is ZERO chance for a return, or to make a profit on that site, unless you hit the winning combination on the jackpot.
DarkDays, your post in the JPR DustLottery thread has opened up my eyes to see how unrealistic I was to have continued to frequent that site, and I appreciate you providing the math for us to see for ourselves. I hope that this is addressed promptly, and that at the very least, JPR has a chance to provide a rebuttal or some clarification for the House Edge in flux/question.
*grabs popcorn and waits*
To hit both of these at once, I personally see nothing wrong with how things are run with Dust Lottery. Here's why:
1) Investor PoV: nothing is different from any other app, other than the site having a higher house edge (meaning it's actually BETTER for both investors)
2) Everything is spelled out on their thread, as well as in the site itself. While it doesn't necessarily have the 'correct' house edge with all things considered, it pretty clearly says what the reward will be for a bet of xx amount. As such, the house edge is irrelevant. Players already know the chance of hitting the lottery, as well as what their rewards will be. HOW that comes to be has no relevance here -- it's like a real lottery. If they say you will win $300m if you pick all numbers, you really don't care about anything past that. All that matters is that you're betting xx to win y.
I see nothing shady. JPR has gone through what I would argue are pretty great lengths to both provide clarity (in their thread) and a straight answer as to what you're risking and what you gain (through the site itself).
Majority of Public Cold Wallets:
https://blockchain.info/address/3PnPzfEajzbVwiwHrwb4sSFU6TWTz8C4oT
https://blockchain.info/address/3E3nruB7gg9qU58UjTtbCBnu53xRLQWxxH
https://blockchain.info/address/3Nho6grDigtuYy2FtLmY8JMhr3YqhfBGx4
https://blockchain.info/address/36AXeRVYr2NhBWEsgkSEEDispsuKdY9AyL
https://blockchain.info/address/3624J7PLhPMQ7CTVGVzYd5QWJTx9ckwwiT
http://imgur.com/lx6Y5tj
https://blockchain.info/address/3PnPzfEajzbVwiwHrwb4sSFU6TWTz8C4oT
https://blockchain.info/address/3E3nruB7gg9qU58UjTtbCBnu53xRLQWxxH
https://blockchain.info/address/3Nho6grDigtuYy2FtLmY8JMhr3YqhfBGx4
https://blockchain.info/address/36AXeRVYr2NhBWEsgkSEEDispsuKdY9AyL
https://blockchain.info/address/3624J7PLhPMQ7CTVGVzYd5QWJTx9ckwwiT
http://imgur.com/lx6Y5tj
Hey, I'm not sure if you guys were aware of this or not but I did a little math today and it looks like "DustLottery" is skimming an additional 18.62% worth of house edge. If I was a player I'd be uncomfortable with them taking such a massive cut (almost 30%) and if I was an MP investor I'd be uncomfortable with not receiving a full half of the profits they are making from their site, seeing as MP is taking 100% of the risk. Here's a link if you'd like to read more: https://bitcointalksearch.org/topic/m.14586566
As a player, I must say that the appeal to win such a large jackpot based on the minuscule amounts of each ticket was my draw to keep returning to the site. I never really found any of the promos that JPR held to be fishy. But even with the minuscule "dust" amounts that I was playing with on the site, there really is ZERO chance for a return, or to make a profit on that site, unless you hit the winning combination on the jackpot.
DarkDays, your post in the JPR DustLottery thread has opened up my eyes to see how unrealistic I was to have continued to frequent that site, and I appreciate you providing the math for us to see for ourselves. I hope that this is addressed promptly, and that at the very least, JPR has a chance to provide a rebuttal or some clarification for the House Edge in flux/question.
*grabs popcorn and waits*
Hey, I'm not sure if you guys were aware of this or not but I did a little math today and it looks like "DustLottery" is skimming an additional 18.62% worth of house edge. If I was a player I'd be uncomfortable with them taking such a massive cut (almost 30%) and if I was an MP investor I'd be uncomfortable with not receiving a full half of the profits they are making from their site, seeing as MP is taking 100% of the risk. Here's a link if you'd like to read more: https://bitcointalksearch.org/topic/m.14586566
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