🌟🎲🌟 MoneyPot.com - page 4. | Bitcointalksearch.org

dogedice.me

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Quote from: Dogedigital on December 27, 2016, 12:59:39 PM

Since you are a public company with a legal team behind your site, can you please private message me your details so our legal team can get in contact with yours about what we may believe to be libel? Thanks.

[email protected] - our official email.

Regards,
Alex.

dogedice.me

hero member

Activity: 776

Merit: 522

Quote from: AcoinL.L.C on December 27, 2016, 12:48:09 PM

Alex, you are incorrect. The difference is that the big wins on BitDice and BetKing came from players risking a significant amount of Bitcoin, whereas the big wins on MoneyPot primarily occurred from users betting what is essentially dust. One of our largest investors pulled out specifically citing this has his biggest beef.

I understand you are also salty that a large portion of your userbase switched to MoneyPot (primarily Bit-exo.com), but you need to refrain from trolling.

Actually, I've never trolled anyone on the forum. Even with BitExo situation, which I think you are aware of, I decided not to start a storm in a teacup, and I have all the rights to do it. You do agree that for business owners only wager counts, not people being online? Let's forget it, I really do not care about it.

I've left my comment with another reason. I rarely participate in discussions as unfortunately, I do not have time to be on the forum. But when I strongly disagree - I think I have a right to left such comment. People are free to accept or deny it or discuss. The least I wanted with it is a brag like we or someone else is better. Based on MP's stats I really do not understand why parties who risks the most earns the less. In economic terms risks always pays out. And if that investor would be paid based on his risk, I think he wouldn't divest, but again HE of 0.1 and even 0.5% is too low for all participants.

Regards,
Alex.

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: dogedice.me on December 27, 2016, 12:34:26 PM

Mathematically there's no difference between very low chance multiplier and very high ones for casino ( and investors ) in the long run.

It is mathematically the same, however it may be difficult for investors to ignore their emotions when they see a large win with a very small bet, even if the specific gambler who won is still down after their win.

Also each bet costs MP a certain amount of money to process and store and disallowing high multiples bets discourages very small bets somewhat which allows MP to keep their costs (and effectively their commissions) down.

AcoinL.L.C

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Activity: 1036

Merit: 1000

Quote from: dogedice.me on December 27, 2016, 12:34:26 PM

Quote from: Dogedigital on December 27, 2016, 11:45:05 AM

Quote from: joksim299 on December 23, 2016, 06:04:36 PM

I do not see the point in limiting maximum multiplier to 9900x , other dice sites allow multiplier of up to 990000x (for example betking).
You probably should ask investors at what kelly they want to use its nicely implemented at new dice site.

New changes will prevent big percentage of bankroll to be won at once however it will also limit growth rate.

We will soon be allowing users to choose their own kelly multiplier.

Investors have expressed a strong disinterest in backing bets where they risk several bitcoin to win 1 Bit and many other similar scenarios.

Huge jackpot wins often lead to unwarranted speculation and panic. Big wins also sometimes result in big investors pulling out which causes a domino effect of more investors pulling out.

Moneypot also accrues high expenses for processing and storing all the bets.

In the end, it just doesn't make sense to allow for high multipliers. It's much easier for many of the parties involved to just keep it simple.

You are wrong here. None of the investors from BitDice or BetKing when there were huge wins pulled out, they did exactly opposite - invested more. And we are talking of wins from 500-1000BTC, not 100.

Mathematically there's no difference between very low chance multiplier and very high ones for casino ( and investors ) in the long run.

What you had wrong is very low HE and huge cut on investors. No wonder they aren't satisfied as MP has economically inadequate terms biased for owners who risk nothing and stuff who do "close to" nothing ( you do not do marketing, and have no costs except stuff )

Regards,
Alex.

Alex, you are incorrect. The difference is that the big wins on BitDice and BetKing came from players risking a significant amount of Bitcoin, whereas the big wins on MoneyPot primarily occurred from users betting what is essentially dust. One of our largest investors pulled out specifically citing this has his biggest beef.

I understand you are also salty that a large portion of your userbase switched to MoneyPot (primarily Bit-exo.com), but you need to refrain from trolling.

dogedice.me

hero member

Activity: 776

Merit: 522

Quote from: CrazyCraig on December 27, 2016, 12:37:56 PM

We have several thousand dollars of infrastructure with cost ever increasing

Then you need to optimize code, as it's way over normal price, even if you use whole AWS stack and not dedicated servers which are like x10 lower in running costs.

Regards,
Alex.

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

We have several thousand dollars of infrastructure with cost ever increasing

dogedice.me

hero member

Activity: 776

Merit: 522

Quote from: Dogedigital on December 27, 2016, 11:45:05 AM

Quote from: joksim299 on December 23, 2016, 06:04:36 PM

I do not see the point in limiting maximum multiplier to 9900x , other dice sites allow multiplier of up to 990000x (for example betking).
You probably should ask investors at what kelly they want to use its nicely implemented at new dice site.

New changes will prevent big percentage of bankroll to be won at once however it will also limit growth rate.

We will soon be allowing users to choose their own kelly multiplier.

Investors have expressed a strong disinterest in backing bets where they risk several bitcoin to win 1 Bit and many other similar scenarios.

Huge jackpot wins often lead to unwarranted speculation and panic. Big wins also sometimes result in big investors pulling out which causes a domino effect of more investors pulling out.

Moneypot also accrues high expenses for processing and storing all the bets.

In the end, it just doesn't make sense to allow for high multipliers. It's much easier for many of the parties involved to just keep it simple.

You are wrong here. None of the investors from BitDice or BetKing when there were huge wins pulled out, they did exactly opposite - invested more. And we are talking of wins from 500-1000BTC, not 100.

Mathematically there's no difference between very low chance multiplier and very high ones for casino ( and investors ) in the long run.

What you had wrong is very low HE and huge cut on investors. No wonder they aren't satisfied as MP has economically inadequate terms biased for owners who risk nothing and staff who do "close to" nothing ( you do not do marketing, and have no costs except staff )

Regards,
Alex.

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: AcoinL.L.C on December 27, 2016, 11:47:08 AM

Quote from: BetKing.io on December 27, 2016, 06:35:12 AM

Quote from: Dogedigital on December 25, 2016, 09:44:25 AM

Merry Christmas everyone.

Support will be a little slow today and tomorrow (as all of the Moneypot team is celebrating the holidays). We apologize for that but will try to check in from time to time if there are any issues.

A lot of good points were brought up and I will address them after the holidays (or if I can sneak in some time). @Fiscorcle, there will be optional kelly multipliers in the future Wink

You are joking right? Wink

Your dev CrazyCraig jumped in my thread complaining that I'm not allowed a holiday!

Even though what was actually happening was totally different as I'm sure you are aware

Dean, he posted that before you announced the reason for the site going down, no harm/shade intended. Happy holidays

Hi
We spoke already. I was joking around in that post. Maybe it wasn't as obvious as I assumed Sad

(usual)

Merry Christmas

DarkStar_

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Activity: 2772

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Quote from: Dogedigital on December 27, 2016, 11:45:05 AM

Huge jackpot wins often lead to unwarranted speculation and panic. Big wins also sometimes result in big investors pulling out which causes a domino effect of more investors pulling out.

Moneypot also accrues high expenses for processing and storing all the bets.

In the end, it just doesn't make sense to allow for high multipliers. It's much easier for many of the parties involved to just keep it simple.

If you ask me, it will be very hard to stop those bets with the way moneypot is set up. You don't even need chained bets (which MP said that they would disable apps that do that, or might), just create a bet like this:

0.01BTC bet

99.99999% (or whatever chance) to lose 10 satoshi
0.00001 (or whatever chance) to win 1 Bitcoin

It would only need a 100 multiplier, technically and still is basically the same as high multiplier bets, except a higher edge is paid so more commission for app owners and MP.

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Quote from: BetKing.io on December 27, 2016, 06:35:12 AM

Quote from: Dogedigital on December 25, 2016, 09:44:25 AM

Merry Christmas everyone.

Support will be a little slow today and tomorrow (as all of the Moneypot team is celebrating the holidays). We apologize for that but will try to check in from time to time if there are any issues.

A lot of good points were brought up and I will address them after the holidays (or if I can sneak in some time). @Fiscorcle, there will be optional kelly multipliers in the future Wink

You are joking right? Wink

Your dev CrazyCraig jumped in my thread complaining that I'm not allowed a holiday!

Even though what was actually happening was totally different as I'm sure you are aware

Dean, he posted that before you announced the reason for the site going down, no harm/shade intended. Happy holidays

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Quote from: BetKing.io on December 27, 2016, 06:35:12 AM

Quote from: Dogedigital on December 25, 2016, 09:44:25 AM

Merry Christmas everyone.

Support will be a little slow today and tomorrow (as all of the Moneypot team is celebrating the holidays). We apologize for that but will try to check in from time to time if there are any issues.

A lot of good points were brought up and I will address them after the holidays (or if I can sneak in some time). @Fiscorcle, there will be optional kelly multipliers in the future Wink

You are joking right? Wink

Your dev CrazyCraig jumped in my thread complaining that I'm not allowed a holiday!

Even though what was actually happening was totally different as I'm sure you are aware

I didn't say you weren't allowed a holiday. I said that you had my trust and that I was waiting paitently and I understand why others have the right to frustrated. Look at the context in which I responded. But truthfully, best believe if our site crashed I would be there responding to it.

I wasn't attacking you, just trying to justify why others were upset to someone who was trolling them. I have no beef towards your site or you.

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: Dogedigital on December 25, 2016, 09:44:25 AM

Merry Christmas everyone.

Support will be a little slow today and tomorrow (as all of the Moneypot team is celebrating the holidays). We apologize for that but will try to check in from time to time if there are any issues.

A lot of good points were brought up and I will address them after the holidays (or if I can sneak in some time). @Fiscorcle, there will be optional kelly multipliers in the future Wink

You are joking right? Wink

Your dev CrazyCraig jumped in my thread complaining that I'm not allowed a holiday!

Even though what was actually happening was totally different as I'm sure you are aware

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: AcoinL.L.C on December 26, 2016, 02:46:42 PM

Quote from: JackpotRacer on December 26, 2016, 12:03:49 PM

Quote from: dooglus on December 26, 2016, 11:51:45 AM

Quote from: JackpotRacer on December 26, 2016, 09:31:28 AM

Quote from: Dogedigital on December 23, 2016, 10:07:38 AM

New Rules are going live in the immediate future:

what does immediate future mean? please lets have a time and date thx

"This pattern is used to refer to a time immediately after the moment of speaking, and emphasises that the event or action will happen very soon"

-- http://www.ef.com/english-resources/english-grammar/immediate-future/

hi dooglus

thx for the explanation and if I understood it right it is meant/ordered after spoken out.

if it is so I am wondering that for example the following wager and some more were accepted and not rejected

https://www.moneypot.com/bets/762350798
https://www.moneypot.com/bets/762350700
https://www.moneypot.com/bets/762350561
etc

owner of the app is

Username   Role   Appointed At
rmcdermott927   OWNER   11 months ago
MoneyPotSupport   OWNER   2 months ago

JPR, as dooglus said, it means very soon: it does not mean that moment. I appreciate you are trying to make it sound like we are giving ourselves different rules than others, but be more direct instead of trying to slyly insinuate it.

no need to be sarcastic

but you as MP owner should be the one not to implement or have a lower than 0.5% HE in your own apps and set an example when asking/warning all app owners not to have lower than 0.5% HE

AcoinL.L.C

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Activity: 1036

Merit: 1000

Quote from: JackpotRacer on December 26, 2016, 12:03:49 PM

Quote from: dooglus on December 26, 2016, 11:51:45 AM

Quote from: JackpotRacer on December 26, 2016, 09:31:28 AM

Quote from: Dogedigital on December 23, 2016, 10:07:38 AM

New Rules are going live in the immediate future:

what does immediate future mean? please lets have a time and date thx

"This pattern is used to refer to a time immediately after the moment of speaking, and emphasises that the event or action will happen very soon"

-- http://www.ef.com/english-resources/english-grammar/immediate-future/

hi dooglus

thx for the explanation and if I understood it right it is meant/ordered after spoken out.

if it is so I am wondering that for example the following wager and some more were accepted and not rejected

https://www.moneypot.com/bets/762350798
https://www.moneypot.com/bets/762350700
https://www.moneypot.com/bets/762350561
etc

owner of the app is

Username   Role   Appointed At
rmcdermott927   OWNER   11 months ago
MoneyPotSupport   OWNER   2 months ago

JPR, as dooglus said, it means very soon: it does not mean that moment. I appreciate you are trying to make it sound like we are giving ourselves different rules than others, but be more direct instead of trying to slyly insinuate it.

BettorChain.com

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Activity: 79

Merit: 10

Quote from: JackpotRacer on December 26, 2016, 12:03:49 PM

Quote from: dooglus on December 26, 2016, 11:51:45 AM

Quote from: JackpotRacer on December 26, 2016, 09:31:28 AM

Quote from: Dogedigital on December 23, 2016, 10:07:38 AM

New Rules are going live in the immediate future:

what does immediate future mean? please lets have a time and date thx

"This pattern is used to refer to a time immediately after the moment of speaking, and emphasises that the event or action will happen very soon"

-- http://www.ef.com/english-resources/english-grammar/immediate-future/

hi dooglus

thx for the explanation and if I understood it right it is meant/ordered after spoken out.

if it is so I am wondering that for example the following wager and some more were accepted and not rejected

https://www.moneypot.com/bets/762350798
https://www.moneypot.com/bets/762350700
https://www.moneypot.com/bets/762350561
etc

owner of the app is

Username   Role   Appointed At
rmcdermott927   OWNER   11 months ago
MoneyPotSupport   OWNER   2 months ago

The HE of these bets is: 0.27%.
They should be not accepted when MoneyPot 2.0 will be released. (0.50% will be the minimum house edge)

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: dooglus on December 26, 2016, 11:51:45 AM

Quote from: JackpotRacer on December 26, 2016, 09:31:28 AM

Quote from: Dogedigital on December 23, 2016, 10:07:38 AM

New Rules are going live in the immediate future:

what does immediate future mean? please lets have a time and date thx

"This pattern is used to refer to a time immediately after the moment of speaking, and emphasises that the event or action will happen very soon"

-- http://www.ef.com/english-resources/english-grammar/immediate-future/

hi dooglus

thx for the explanation and if I understood it right it is meant/ordered after spoken out.

if it is so I am wondering that for example the following wager and some more were accepted and not rejected

https://www.moneypot.com/bets/762350798
https://www.moneypot.com/bets/762350700
https://www.moneypot.com/bets/762350561
etc

owner of the app is

Username   Role   Appointed At
rmcdermott927   OWNER   11 months ago
MoneyPotSupport   OWNER   2 months ago

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: JackpotRacer on December 26, 2016, 09:31:28 AM

Quote from: Dogedigital on December 23, 2016, 10:07:38 AM

New Rules are going live in the immediate future:

what does immediate future mean? please lets have a time and date thx

"This pattern is used to refer to a time immediately after the moment of speaking, and emphasises that the event or action will happen very soon"

-- http://www.ef.com/english-resources/english-grammar/immediate-future/

Bit-Exo.com

hero member

Activity: 1638

Merit: 573

It looks like the 0.5% max win is already updated.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: Dogedigital on December 23, 2016, 10:07:38 AM

New Rules are going live in the immediate future:

Maximum win 0.5% of bankroll (once commission is changed, will be closer to 1x kelly -- kelly options will be added at a later date)
Minimum house edge of 0.5% (bets below will be rejected by system).

New Measures:

Apps will be cleaned up in preparation for new app levels. Seriously inactive and broken sites will be deleted.

In the new year, the investor credit plan and personal statistics will be available on each player's profile page.

Any usernames deemed to imitate an other account will be banned (for example: using an upper case ' i ' to act as a lower case ' l ' )

what does immediate future mean? please lets have a time and date thx

Maximum win 0.5% of bankroll (once commission is changed, will be closer to 1x kelly -- kelly options will be added at a later date)
when?

Minimum house edge of 0.5% (bets below will be rejected by system)

when?

New Measures:................
from when on?

kolloh

legendary

Activity: 1736

Merit: 1023

Quote from: fiscorcle on December 25, 2016, 09:39:56 PM

Quote from: Dogedigital on December 25, 2016, 09:44:25 AM

Merry Christmas everyone.

Support will be a little slow today and tomorrow (as all of the Moneypot team is celebrating the holidays). We apologize for that but will try to check in from time to time if there are any issues.

A lot of good points were brought up and I will address them after the holidays (or if I can sneak in some time). @Fiscorcle, there will be optional kelly multipliers in the future Wink

It's a set kelly though, right? Not like a range? Cuz a rang would be dope, but I don't even know if that would mathematically work

Not sure what you mean by a range and I can't think of how that would actually work, but usually you can select from a preset kelly multiplier ( say 1x, 2x, 3x, 4x, 5x, etc ). It is essentially just weighting your invested amount by that multiplier so if you had a range, it wouldn't know how to weight your invested amount appropriately.

Topic: 🌟🎲🌟 MoneyPot.com - page 4. (Read 119078 times)