🌟🎲🌟 MoneyPot.com - page 13.

superbit

hero member

Activity: 763

Merit: 500

Quote from: BoXXoB on December 14, 2016, 12:58:34 AM

Quote

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.

Didn't realize the numbers were that awful! Won't consider investing into MP if the numbers are like that. Seems more like a ripoff to me as a mere 15% cut of the profit is a ridiculousl low number considering they're the ones taking all the risk while others feast on their money with basically no risk at all.

Agreed, that is absolutely atrocious if that is the case.

BoXXoB

legendary

Activity: 2018

Merit: 1108

Quote

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.

Didn't realize the numbers were that awful! Won't consider investing into MP if the numbers are like that. Seems more like a ripoff to me as a mere 15% cut of the profit is a ridiculousl low number considering they're the ones taking all the risk while others feast on their money with basically no risk at all.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: AcoinL.L.C on December 07, 2016, 12:17:43 AM

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.

Quote from: paying_mlm on December 10, 2016, 12:32:27 AM

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. Sad

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.

Quote from: Quickseller on December 10, 2016, 12:54:42 AM

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.

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Since everyone has been patiently Huh

waiting, I wanted to give a quick update: Testing for several v2 methods were tested behind the scenes late last night. It went off without a hitch. There was some tiny issues but nothing serious and I was quick to address the issues. We will be doing more testing in the coming days to ensure that the API is production worthy.

We still do not have a release date for API v2. There are still several things that need to be addressed and verified to ensure a smooth transition. Im merely updating on the progress.

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

~~We are making some much needed changes to the API DNS today. You may experience periodic outages.~~

DNS changes complete without issue.

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Due to routine faucet abuse, the faucet claim amount has been decreased by 100 satoshi. Please note the faucet will be deprecated in V2 in favor of the bucketing system.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

I reported in slack that imo there is a socketpot problem and got no answer. but I am not an expert and maybe it is not socketpot but something else

beside chat and all bets are on and off and many users cant connectto our site I tried now a few sweeper apps and they show (at least for me)
Error while reconnectiing! Couldn't connect to socketpot. Verify your connection or contact moneypot support.

my question is it only showing for me and our users or for all users or app owners especially sweeper owners? and waht kind of problem might this be?

thx

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: paying_mlm on December 10, 2016, 12:32:27 AM

Quote from: BillyBurns on December 06, 2016, 10:18:07 PM

Wow investors continue to get beaten down...

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. Sad

I have not been following MP for a while now, however over the long run, the bankroll profit of a casino will be roughly the HE times the amount wadgered at the casino. The fact that the owners of the casino are different then the owners of the bankroll means that you will need to trust that the owners of the casino are not cheating the owners of the bankroll (I have no reason to believe this is the case).

The fact that MP takes a portion of the HE regardless of if the bankroll is profitable or not somewhat complicates things, however the above statement should generally be true.

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. If any of the above is not true then you might want to divest.

paying_mlm

newbie

Activity: 47

Merit: 0

Quote from: BillyBurns on December 06, 2016, 10:18:07 PM

Wow investors continue to get beaten down...

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. Sad

gordonhill

legendary

Activity: 1274

Merit: 1006

Quote from: BetterBets.io on December 09, 2016, 09:45:55 AM

Hello good people, starting December 15th, 2016 all Bitcoin volume on https://betterbets.io will be tracked for the upcoming upgrades and promotion
that will go live January 15th, 2017.

As always we like to start each year off with something really special and this one is no different. In order to qualify for this bonus your player accounts must
have wagered at least 5BTC in betting volume by January 13th, 2017. At that time our developers will take the snapshot of each account's volume and we'll
give you an appropriate prize for your loyalty to our casino. There are more features coming, but it's best to save some things as good surprises for the launch date.

Happy holidays to everyone, and your family during this Christmas season.

So Remember, remember the 15th of December...the accounting starts then.

https://twitter.com/Betterbets_io/status/807247171435294725

gordonhill

legendary

Activity: 1274

Merit: 1006

Quote from: CrazyCraig on December 09, 2016, 09:26:24 AM

Due to unforeseen family difficulties, I will have to reschedule the maintenance event planned for this Saturday to a later date.

I will do my best over the next few days to complete some of these behind the scenes.

Sorry for any inconveniences this may have caused.

Hi CrazyCraig, take your time, family first. You´re doing a nice job on the back-end of MP.

Keep the good work.

-luis Grin

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Due to unforeseen family difficulties, I will have to reschedule the maintenance event planned for this Saturday to a later date.

I will do my best over the next few days to complete some of these behind the scenes.

Sorry for any inconveniences this may have caused.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

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NLNico

legendary

Activity: 1876

Merit: 1303

DiceSites.com owner

Note: although the total stats show 81% of expected profit, for investors this actually results into 39% of expected profit (since apps have no variance-risk.) I assume the opposite is true too.. if a player loses a lot, app gains little while investors profit a lot.

Note2: JD was running at 36% of expected profit after 5.3M BTC wagered, so this is nothing yet Tongue

BillyBurns

sr. member

Activity: 429

Merit: 263

I meant by too many apps and maybe one or some could be getting exploited. As you pointed out tho expected ev is somewhat close to actual ev.

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Quote from: BillyBurns on December 06, 2016, 10:18:07 PM

Wow investors continue to get beaten down... is the issue possibly too many cooks in the kitchen? Can someone run a variance calculator on the results and show the standard deviation of the results...

While variance has not been kind to us, it is not as much as people seem to think it is. So far we are running at a little over 80% of what the expected value is (that is 0.8 / 1). Stats are significantly skewed by a few big "jackpot" style wins that we have since curbed from being able to occur.

Source: https://dicesites.com/moneypot

And if by "too many cooks in the kitchen" you are inferring that one of our team is cheating the bankroll, you would be incorrect and I would kindly ask you to not start rumors.

Quote from: forzendiablo on December 06, 2016, 10:37:46 PM

i have here jsut some satoshis so i dont mind if moneypot goes down

We're not going anywhere.

forzendiablo

legendary

Activity: 1526

Merit: 1000

the grandpa of cryptos

i have here jsut some satoshis so i dont mind if moneypot goes down

BillyBurns

sr. member

Activity: 429

Merit: 263

Wow investors continue to get beaten down...

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: npredtorch on December 05, 2016, 07:14:19 PM

Hello MP, it seems that all minesweeper games doesn't show the users bet on frontview (I think its API prob). It's the same issue last time and I hope it will get fixed soon. Thank you!

Quick announcement too

we are having our second wager contest on donutbit.com https://bitcointalksearch.org/topic/wager-contest-donutbitcom-round-2-ended-1670293 . Everyone is eligible to join!!

Thanks for the heads-up about the problem! I've passed this on for you.

And with your wager contest, good luck! May the whales be ever in your favor,

.

npredtorch

legendary

Activity: 1246

Merit: 1049

Hello MP, it seems that all minesweeper games doesn't show the users bet on frontview (I think its API prob). It's the same issue last time and I hope it will get fixed soon. Thank you!

Quick announcement too

we are having our second wager contest on donutbit.com https://bitcointalksearch.org/topic/wager-contest-donutbitcom-round-2-ended-1670293 . Everyone is eligible to join!!

Topic: 🌟🎲🌟 MoneyPot.com - page 13. (Read 119082 times)