Have you cancelled your 20 BTC win limit recently?
Yes limit was/is 1% from house edge
Topic: 🌟🎲🌟 MoneyPot.com - page 12. (Read 119068 times)
Yes limit was/is 1% from house edge
Have you cancelled your 20 BTC win limit recently?
Looks like a large or several large investors pulled out. I did the opposite hope it works out.
Congratulations allorbroke and thank you very much for a great entertainment and generousity!
It was a great afternoon and beautiful victories :-D. Enjoy it!!
It was a great afternoon and beautiful victories :-D. Enjoy it!!
Yeah definitely an interesting way of betting with asking users and tallying the votes.
Big winnings streaks like this are never good for investors but seems to be legit from what I can tell so far.
Big winnings streaks like this are never good for investors but seems to be legit from what I can tell so far.
And GG to all who helped him winning !
I dont remember to have seen so many profitable 3rd partyvotes within such short amount of time.
Grats allorbroke and thanks a lot for a great entertainment and generousity !
I dont remember to have seen so many profitable 3rd partyvotes within such short amount of time.
Grats allorbroke and thanks a lot for a great entertainment and generousity !
For those wondering what happened to the profit, user 'AllOrBroke' won over 70 Bitcoin today.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
Ok as i told AoB he will get my full support for this season and here it is.
I was watching this guy live he was up 100 btc already a week ago but lost nearly all on the end (+14)
I first thought it was a inside job, a few from mp knows me and if it comes to big wins like this i always look closer. Remember the Notardy story!
But for this win, i will give my full support it was legit!
Before i start i must say this guy was the first lvl 10 user on exo and J had creat this own hi/lo bot for him.
He can request the bot and the community say hi or lo (screens will come later from a other user)
I would say 20% from the bets come from the hi/lo bot.
But the bot was broken on the start so he start to pick user (me incl.) and ask hi or lo
After the user say hi or lo he bet 5btc on what the user sayed. I pick hi BAM 5btc won.
This guy also rained more than 3btc during the season. THX to Aob for this again.
But this will not tell i get pay for my post!
Congrats to AoB for this more than nice win!
Investors will cry now
Second time i saw Investors profit red in 1 year. The last time it was after the big plinko classic hitEdit.
Of course i can understand MP for the investigation. Every win over 20 would get this from me to!
For those wondering what happened to the profit, user 'AllOrBroke' won over 70 Bitcoin today.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
Confirmed. I was watching all of his bets in second session where he made majority of his profits.
There have been a few bets sometimes that he decided himself but I believe if u sum his and userdecided ones up, it might even show his own bets in negative profits.
I remember when he lost 10 in a row a 2.3 btc = 23 btc within 1 minute or something.
Anyways gl investigating, was prolly never more easy than in this case.
As well the bot only collects votes from users and presents a choice for him to follow, his bet is still done manually(bot doesn't place any bets). https://www.moneypot.com/users/allorbrokebot
For those wondering what happened to the profit, user 'AllOrBroke' won over 70 Bitcoin today.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
Vast of the bets wich were done without a bot were also being decided by specific users on demand.
Later bets done via bot were purely depending on user votes as well.
Just to confirm the bot itself was provided and run by the site owners not by AllOrBroke himself.
AOB is coolest cat iv met in awhile
congrats AOB
congrats AOB
For those wondering what happened to the profit, user 'AllOrBroke' won over 70 Bitcoin today.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
All betting took place at Bit-Exo.com and the vast majority of this user's bets were 5 Bitcoin wagers decided by votes (ie: bitcoingg hi or lo?, bitcoingg: hi, allorbroke bets 5 Bitcoin > 50.4999 High).
Other bets were placed by a Bot that tallied user votes and bet on his behalf. Client seed was never changed throughout the session.
We are currently investigating further into the matter.
What the actual f Dooglus? Blatant Libel?
You know very well that we don't take that much commission and you are intentionally misleading our customers and directly hurting us on purpose (70 Bitcoin withdrawn immediately after your comment).
You know very well that we don't take that much commission and you are intentionally misleading our customers and directly hurting us on purpose (70 Bitcoin withdrawn immediately after your comment).
I should probably let Dooglus speak for himself, but you perhaps misread what he wrote. He didn't say that investors make 15% of the EV, he's saying they have made of the EV. I don't see any error or misguidance in his statements.
Perhaps a better response would've been "Hey, our investors made 50% of what they should've. Yours only 30%" or something. ( I <3 twisting statistics)
But anyway, I think perhaps the bigger concern is most people don't really understand the difference between "Expected Value" and "Expected Bankroll Growth" and just assume that if they're +EV they should expect the bankroll to grow, but the reality is if the bankroll is over leveraged that's not the case.
I'm not sure when MoneyPot switched from the kelly system, but some time after it did I warned of the risks and provided a simulator that showed how investors should expect to lose money. That was posted on April 18, where I recorded the investor profit at 101 BTC, and it's currently 62 BTC and have had substantial dilution in the mean time.
As much as I love to say I was right, it could also be attributed to other factors. But it's probably worth entertaining the possibility that running a bankroll at -BRG is a horrible idea.
That said, I have no problems with letting people do what ever they want (we're all consenting adults) but I suspect if the wording was a bit more clear: "By investing here you get 30% of the EV, but should expect to lose money over the long term if whales play on the site" it might result in less investment. Or maybe not, maybe the investors like to also passively gamble.
I did read what he wrote. He also knows exactly how it would sound.
He was purposely trying to make it seem like it's worse off than it actually is. He is an expert about equity and yet he is basing it off of results.
Dooglus isn't stupid. He knows what he was doing.
I mean it's not as though MP has had a great couple of months...everyone should just chill out and play
when it rains it pours /wrist
There is a whale on Bit-exo currently that is betting 5 BTC at a time based on crowd poll (hi / lo). He just rained quite a bit as well. Unfortunately variance isn't being to kind at the moment.
when it rains it pours /wrist
What just happened....
What just happened....
Why not guarantee the investors profit and make the app owners variable, more inventive to make apps that have a higher house edge or get more bets.
if [...] you are inferring that one of our team is cheating the bankroll, you would be incorrect
I don't see how you can be certain of that. Why is it not possible that one of the team is cheating the bankroll, given that people other than yourself have access to the server and could cheat in an undetectable manner.
I am in since profit was 425+ BTC. Current profit is around 85 BTC.
Is booking loss and divesting good? I do not see any sign that it will go up anytime soooooon.
Is booking loss and divesting good? I do not see any sign that it will go up anytime soooooon.
According to https://dicesites.com/moneypot the profit is 541.6 BTC, but 334.7 BTC (62%) went to the app owners and 126.4 BTC (23%) went to MoneyPot itself, leaving just 80.4 BTC (15%) for the investors. I'm not sure how that is worked out, but when investors are taking ~100% of the risk it doesn't seem fair that they get only 15% of the profit when the expected and actual profits are so close together. It's like the investors are paying an 85% commission on their profits.
To the extent that (a) you will not need your investment in the medium term, (b) trust that the owners of MP are not cheating the owners of the bankroll and (c) believe that MP will continue to have similar or greater betting volumes then you should keep your investment.
Do also need to (d) trust that there isn't some exploit allowing a third party to cheat.
What the actual f Dooglus? Blatant Libel?
You know very well that we don't take that much commission and you are intentionally misleading our customers and directly hurting us on purpose (70 Bitcoin withdrawn immediately after your comment).
We take 20% of the house edge (less than Dean's 25% of house edge and 25% profit, or Bit-Dice's 30% of house edge), give 50% of the house edge to app owners (because there are multiple sites that investors connect to), and investors are subject to 30% of the house edge.
Those are expected percentages though....your % and the app owners % are guaranteed, but not investors
Yeah my main concern also is the fact that the percentages for them are guaranteed unlike investors who risk their money while not getting any guaranteed return.
if [...] you are inferring that one of our team is cheating the bankroll, you would be incorrect
I don't see how you can be certain of that. Why is it not possible that one of the team is cheating the bankroll, given that people other than yourself have access to the server and could cheat in an undetectable manner.
I am in since profit was 425+ BTC. Current profit is around 85 BTC.
Is booking loss and divesting good? I do not see any sign that it will go up anytime soooooon.
Is booking loss and divesting good? I do not see any sign that it will go up anytime soooooon.
According to https://dicesites.com/moneypot the profit is 541.6 BTC, but 334.7 BTC (62%) went to the app owners and 126.4 BTC (23%) went to MoneyPot itself, leaving just 80.4 BTC (15%) for the investors. I'm not sure how that is worked out, but when investors are taking ~100% of the risk it doesn't seem fair that they get only 15% of the profit when the expected and actual profits are so close together. It's like the investors are paying an 85% commission on their profits.
To the extent that (a) you will not need your investment in the medium term, (b) trust that the owners of MP are not cheating the owners of the bankroll and (c) believe that MP will continue to have similar or greater betting volumes then you should keep your investment.
Do also need to (d) trust that there isn't some exploit allowing a third party to cheat.
What the actual f Dooglus? Blatant Libel?
You know very well that we don't take that much commission and you are intentionally misleading our customers and directly hurting us on purpose (70 Bitcoin withdrawn immediately after your comment).
We take 20% of the house edge (less than Dean's 25% of house edge and 25% profit, or Bit-Dice's 30% of house edge), give 50% of the house edge to app owners (because there are multiple sites that investors connect to), and investors are subject to 30% of the house edge.
Those are expected percentages though....your % and the app owners % are guaranteed, but not investors
Note that the expected profit for investors is 30% of the house edge. So like a 70% commission based on wagered - not on profits (= extra variance 
) This is calculated on my site completely based on stats but also described in the MP FAQ:
IMO it is not necessarily unfair as long as it's clear to investors (and FAQ seems clear to me.) It's up to the investors to "invest" money or not. Personally I never really invested because it doesn't seem worth the risk based on expected (with that commission.) But still there is 765 BTC invested, so I guess some still find it acceptable.
) This is calculated on my site completely based on stats but also described in the MP FAQ:Quote
What commissions do you charge?
MoneyPot charges 20% commission on the house edge of all wagered bets. Furthermore to this, all apps are paid a commission of up to 50% of the house edge. So this means if someone bets 1 BTC with a house edge of 1%, from the investors perspective it is much more similiar to a 0.3% house edge bet, as the investors give the app half the house edge (in this case 0.005 BTC) in comission and 20% of the house edge to Moneypot.
MoneyPot charges 20% commission on the house edge of all wagered bets. Furthermore to this, all apps are paid a commission of up to 50% of the house edge. So this means if someone bets 1 BTC with a house edge of 1%, from the investors perspective it is much more similiar to a 0.3% house edge bet, as the investors give the app half the house edge (in this case 0.005 BTC) in comission and 20% of the house edge to Moneypot.
IMO it is not necessarily unfair as long as it's clear to investors (and FAQ seems clear to me.) It's up to the investors to "invest" money or not. Personally I never really invested because it doesn't seem worth the risk based on expected (with that commission.) But still there is 765 BTC invested, so I guess some still find it acceptable.
Yeah as long as all the information is laid out I see no harm obviously. It's indeed users' own choice whether to invest or not.
Note that the expected profit for investors is 30% of the house edge. So like a 70% commission based on wagered - not on profits (= extra variance ) This is calculated on my site completely based on stats but also described in the MP FAQ:
IMO it is not necessarily unfair as long as it's clear to investors (and FAQ seems clear to me.) It's up to the investors to "invest" money or not. Personally I never really invested because it doesn't seem worth the risk based on expected (with that commission.) But still there is 765 BTC invested, so I guess some still find it acceptable.
) This is calculated on my site completely based on stats but also described in the MP FAQ:Quote
What commissions do you charge?
MoneyPot charges 20% commission on the house edge of all wagered bets. Furthermore to this, all apps are paid a commission of up to 50% of the house edge. So this means if someone bets 1 BTC with a house edge of 1%, from the investors perspective it is much more similiar to a 0.3% house edge bet, as the investors give the app half the house edge (in this case 0.005 BTC) in comission and 20% of the house edge to Moneypot.
MoneyPot charges 20% commission on the house edge of all wagered bets. Furthermore to this, all apps are paid a commission of up to 50% of the house edge. So this means if someone bets 1 BTC with a house edge of 1%, from the investors perspective it is much more similiar to a 0.3% house edge bet, as the investors give the app half the house edge (in this case 0.005 BTC) in comission and 20% of the house edge to Moneypot.
IMO it is not necessarily unfair as long as it's clear to investors (and FAQ seems clear to me.) It's up to the investors to "invest" money or not. Personally I never really invested because it doesn't seem worth the risk based on expected (with that commission.) But still there is 765 BTC invested, so I guess some still find it acceptable.
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