🌟🎲🌟 MoneyPot.com - page 83.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: WEBcreator on June 30, 2016, 02:17:45 AM

Quote from: BBHex on June 29, 2016, 09:32:38 PM

based on your account and app stats, your profit should be only around 0. negative 16btc profit on your account and 16btc profit from your app.

He is not getting anything from the site as the apps profit goes directly to moneypot in this case the investor. Well he was over 30 btc lost before and went up to +30 btc thats round 60 btc and lose everything back , thats quite a huge turnaround with loss over 50 btc or so

App profit goes to the app owner. In this case, he owns his own app, so he would be the one getting the 50% of HE for his bets done there.

WEBcreator

hero member

Activity: 840

Merit: 1000

Quote from: BBHex on June 29, 2016, 09:32:38 PM

based on your account and app stats, your profit should be only around 0. negative 16btc profit on your account and 16btc profit from your app.

He is not getting anything from the site as the apps profit goes directly to moneypot in this case the investor. Well he was over 30 btc lost before and went up to +30 btc thats round 60 btc and lose everything back , thats quite a huge turnaround with loss over 50 btc or so

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: DarkStar_ on June 29, 2016, 10:25:57 PM

Quote from: lottery248 on June 29, 2016, 10:04:25 PM

lol someone above is begging and without even an evidence of losing.
if you guys trust that opinion, please ask him if he is really lost his/her coins. plus he is a newbie. Huh

You should have realized that he had his MP username, so you can check his stats. He is down to -29 I believe. Also, a 18 BTC loss was posted above as well. See https://www.moneypot.com/bets/309215961
Also, he is a Jr. Member, not a newbie. His loss is legit (unfortunately for him).

nah he is just down 16btc at his site

regards.
-Katerniko1

DarkStar_

legendary

Activity: 2772

Merit: 3282

Quote from: lottery248 on June 29, 2016, 10:04:25 PM

lol someone above is begging and without even an evidence of losing.
if you guys trust that opinion, please ask him if he is really lost his/her coins. plus he is a newbie. Huh

You should have realized that he had his MP username, so you can check his stats. He is down to -29 I believe. Also, a 18 BTC loss was posted above as well. See https://www.moneypot.com/bets/309215961 Also, he is a Jr. Member, not a newbie. His loss is legit (unfortunately for him).
Edit: nvm, remembered his loss incorrectly. It is -16 BTC at his site, not -29. Still pretty bad.

BBHex

full member

Activity: 210

Merit: 100

I ❤ www.LuckyB.it!

Quote from: lottery248 on June 29, 2016, 10:04:25 PM

lol someone above is begging and without even an evidence of losing.
if you guys trust that opinion, please ask him if he is really lost his/her coins. plus he is a newbie. Huh

maybe this can be a proof of him losing? https://www.moneypot.com/bets/309215961

you should read the discussion first tho

lottery248

legendary

Activity: 1582

Merit: 1006

beware of your keys.

lol someone above is begging and without even an evidence of losing.
if you guys trust that opinion, please ask him if he is really lost his/her coins. plus he is a newbie. Huh

BBHex

full member

Activity: 210

Merit: 100

I ❤ www.LuckyB.it!

Quote from: helpmywallet on June 29, 2016, 05:47:06 PM

Lost 50 btc in 3 minutes. Anybody want to contribute to my rebuild? Send to Helpmywallet on moneypot. Or Directly to my moneypot wallet.

14BLbyqvC1Y7hnneEkbk2NjboKGZECnbA7

I am at a loss for words with my stupid betting.

based on your account and app stats, your profit should be only around 0. negative 16btc profit on your account and 16btc profit from your app. goodluck on your next bets tho

erwin45hacked

legendary

Activity: 1064

Merit: 1000

Quote from: AcoinL.L.C on June 29, 2016, 05:25:24 PM

Largest individual bet I have seen on MoneyPot yet (not payout, but bet): https://www.moneypot.com/bets/309215961

This could hurt the investor if it was a winning bet, too bad it didnt and the comission for this bet was epic as well. Well the investor has had the edge for months now and it would be nice to see some gambler winning huge on the site, we need one atleast

@moneypot : making leaderboard would be nice, something like top 100 rank from top wagered and profit , something like bustabit leaderboard's

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: helpmywallet on June 29, 2016, 05:47:06 PM

Lost 50 btc in 3 minutes. Anybody want to contribute to my rebuild? Send to Helpmywallet on moneypot. Or Directly to my moneypot wallet.

14BLbyqvC1Y7hnneEkbk2NjboKGZECnbA7

I am at a loss for words with my stupid betting.

honestly you deserved to lose 30btc was not enough to you, noone will donate prob nothing. sorry about your loss but you learned a lesson after you win ~19000usd you stop for a while and cashout some.. Sad

regards.
-Katerniko1

helpmywallet

full member

Activity: 139

Merit: 100

HelpMyWallet

Lost 50 btc in 3 minutes. Anybody want to contribute to my rebuild? Send to Helpmywallet on moneypot. Or Directly to my moneypot wallet.

14BLbyqvC1Y7hnneEkbk2NjboKGZECnbA7

I am at a loss for words with my stupid betting.

Practicing Mind

newbie

Activity: 39

Merit: 0

Wow! Helpmywallet is still going at it.

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Largest individual bet I have seen on MoneyPot yet (not payout, but bet): https://www.moneypot.com/bets/309215961

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: Helix61be on June 29, 2016, 04:44:08 PM

The app owner will get 50% of the house edge and not 50% of the bet amount, those two are different. A 1btc bet in 1% house edge dice will give the app owner .005btc as commission no matter if the bet losses or wins

Ow so what i was missing was that the app owners profit is not variable wich means he doesnt get more or less based on if someone losses or wins right?
then i can follow again, thanks JPR and BBHex
[/quote]

now you got it right and sorry for the confusion

the app owner does not lose or win if a player loses or win the investors take the profit or loss

cheers

Helix61be

member

Activity: 87

Merit: 10

Quote from: AcoinL.L.C on June 29, 2016, 04:42:34 PM

The house always has an edge. In helpmywallet's case, his site has a 1.5% house edge.

Say he wagers 10 BTC and wins, he gains 10 BTC + 10*(1.5%/2), or 10.075 BTC. In the event he loses, he is down 10 BTC - 10*(1.5%/2), or 9.925 BTC.

Congrats on the big wins helpmywallet

Yes this just got clear for me, thx for explaining in detail.
On another note,is there a hardcap or a kelly implented because, i remember that it was something for the future but that it wasn't sure?

Helix61be

member

Activity: 87

Merit: 10

Quote

The app owner will get 50% of the house edge and not 50% of the bet amount, those two are different. A 1btc bet in 1% house edge dice will give the app owner .005btc as commission no matter if the bet losses or wins

Ow so what i was missing was that the app owners profit is not variable wich means he doesnt get more or less based on if someone losses or wins right?
then i can follow again, thanks JPR and BBHex

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

The house always has an edge. In helpmywallet's case, his site has a 1.5% house edge.

Say he wagers 10 BTC and wins, he gains 10 BTC + 10*(1.5%/2), or 10.075 BTC. In the event he loses, he is down 10 BTC - 10*(1.5%/2), or 9.925 BTC.

Congrats on the big wins helpmywallet

BBHex

full member

Activity: 210

Merit: 100

I ❤ www.LuckyB.it!

Quote from: Helix61be on June 29, 2016, 04:02:50 PM

Quote from: JackpotRacer on June 29, 2016, 03:56:28 PM

Quote from: Helix61be on June 29, 2016, 03:52:52 PM

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

Maybe i shouldn't have put the 25-75% up because that brings confusion about the edge,
But when he loses he gets back 50%btc, when you would do the calculations that would mean he would have to lose way longer or more than he needs to win. How does that not give an edge?
That means losing costs him 50% right? while winning gives him 100%

So please reread again as you are saying the same thing.....

Or to make it clear for me so i understand better, if he would bet 10btc and lose them, how much would he receive back?

The app owner will get 50% of the house edge and not 50% of the bet amount, those two are different. A 1btc bet in 1% house edge dice will give the app owner .005btc as commission no matter if the bet losses or wins

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: Helix61be on June 29, 2016, 04:02:50 PM

Quote from: JackpotRacer on June 29, 2016, 03:56:28 PM

Quote from: Helix61be on June 29, 2016, 03:52:52 PM

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

Maybe i shouldn't have put the 25-75% up because that brings confusion about the edge,
But when he loses he gets back 50%btc, when you would do the calculations that would mean he would have to lose way longer or more than he needs to win. How does that not give an edge?
That means losing costs him 50% right? while winning gives him 100%

So please reread again as you are saying the same thing.....

sorry if I explained it not good enough

the app owner gets 50% of the HE of the wager that means

the app/game has an HE of 1% the app owner gets 50% of the 1% HE of the wager

if an app owner wagers at his own app he gets the 50% of the 1% HE of the wagered amount but he does not get back 50% if he loses. he wins 100% or loses 100% of his wager

I hope this time it is better explaind and sorry for my english

edit
an app owner who is also a player at his own app is profit and loss wise the same as any other player who does not own an app

Helix61be

member

Activity: 87

Merit: 10

Quote from: JackpotRacer on June 29, 2016, 03:56:28 PM

Quote from: Helix61be on June 29, 2016, 03:52:52 PM

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

Maybe i shouldn't have put the 25-75% up because that brings confusion about the edge,
But when he loses he gets back 50%btc, when you would do the calculations that would mean he would have to lose way longer or more than he needs to win. How does that not give an edge?
That means losing costs him 50% right? while winning gives him 100%

So please reread again as you are saying the same thing.....

Or to make it clear for me so i understand better, if he would bet 10btc and lose them, how much would he receive back?

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: Helix61be on June 29, 2016, 03:52:52 PM

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

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