MoneyPot.com :: The bitcoin gambling wallet - page 11.

hua_hui

legendary

Activity: 1386

Merit: 1016

Quote from: dooglus on November 02, 2015, 07:09:37 PM

Quote from: hopenotlate on November 02, 2015, 11:07:08 AM

Hope I will not bring bad luck with me as Dooglus did Cheesy

(j/k as well)

It's not the first time. It often seems to be that when I invest in a bankroll the site starts losing.

I refuse to believe I'm causing it to happen, but it is a little disturbing.

well u r not the only one. whenever i start investing in anything, it will just start to go down. however, i believe moneypot will continue to grow stronger and hope it can get back up to ~130btc again.

the only website that does not drop immediately after i invest is justdice. lol but a few days later, it happen that is goes to negative profits due to whale bettings.

dooglus

legendary

Activity: 2940

Merit: 1330

I just saw this and wondered what's going on. Is it a rounding error?

Quote from: https://www.moneypot.com/bets/143075335

Bet #143075335
General Info
User: totolino
App: Texas Hold'em All-In
Bet Kind: custom
Wager: 1 bits
Profit: -1 bits
Investor Profit: 0.994999999308493 bits
App Dev Profit: 0.005000000691507011 bits
House Edge: 1.00%
Total Expected Value: -0.02 bits

If the house edge is 1% and the wager is 1 bit then why is the expected value -0.02 bits and not -0.01 bits?

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: hopenotlate on November 02, 2015, 11:07:08 AM

Hope I will not bring bad luck with me as Dooglus did Cheesy

(j/k as well)

It's not the first time. It often seems to be that when I invest in a bankroll the site starts losing.

I refuse to believe I'm causing it to happen, but it is a little disturbing.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: BigMac on November 02, 2015, 09:52:21 AM

The deviation from the expected profit is crazy. I could understand it if the site has only a few thousands of bets, but it has over 2.8 millions bets already. How unlikely is it for a site to have an expected profit of 0.98% and to have an actual profit of -1.91% over so many bets?

It's impossible to answer that question if you don't tell me the distribution of the bet sizes.

If all the bets were the same size, it's very unlikely. If 1% of the bets were significantly bigger than the other 99% then it's much more likely, because only 1% of the bets would be significant to the total site profit.

When Just-Dice was running for BTC we had billions of bets and ended up with an actual profit of around 0.35% when the expected profit was 1%. That's because a small percentage of the bets were huge, and they did better than expected. The billions of tiny bets have little to no impact on the bottom line.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: katerniko1 on November 02, 2015, 06:36:30 PM

you check every guy that win ?
for me that looks like im a robber while you checking me for my wins...
(i know you protect your money etc.but not everyone are scammers and cheaters)
regards.
-Katerniko1

By check, I doesn't mean "check their id", but I mean check some of the network requests and database fields and make sure everything looks normal. Often I chart the bets, and run a few simulations to see how likely it happened. I even have done this a few times on losers, and make sure that nothing is wrong there too. It's a totally non-invasive thing, that mainly happens automatically and you wouldn't know it's happening unless I told you Grin

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: RHavar on November 02, 2015, 06:34:13 PM

Quote from: katerniko1 on November 02, 2015, 06:26:54 PM

well as this is all luck everyone can win/lose so its not everyone that win big should be under investigation.
regards.
-Katerniko1

I never lock accounts while looking into them (they are always free with withdraw, and continue gambling) but it's a completely normal part of operating a casino. It'd be irresponsible if I didn't =)

you check every guy that win ?
for me that looks like im a robber while you checking me for my wins...
(i know you protect your money etc.but not everyone are scammers and cheaters)
regards.
-Katerniko1

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: katerniko1 on November 02, 2015, 06:26:54 PM

well as this is all luck everyone can win/lose so its not everyone that win big should be under investigation.
regards.
-Katerniko1

I never lock accounts while looking into them (they are always free with withdraw, and continue gambling) but it's a completely normal part of operating a casino. It'd be irresponsible if I didn't =)

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: RHavar on November 02, 2015, 06:15:47 PM

Quote from: cryptosmoker on November 02, 2015, 03:59:47 PM

Does this not set off any red flags?

All accounts made 2 days ago...
Im usually not paranoid about this kinda stuff...seems worth pointing out though.

Yeah, although I'd argue all winners tend to look suspicious. (I've lost my fair share of sleep investigating stuff). I've been looking at the accounts and history, and have no reason to suspect any foul play. Also it's worth pointing out, at once time I saw one of the accounts sitting at -5 BTC in net profit, just he aggressively won it back. Loss-chasers tends to have very consistent returns, until they don't.

well as this is all luck everyone can win/lose so its not everyone that win big should be under investigation.
regards.
-Katerniko1

ranlo

legendary

Activity: 1974

Merit: 1007

Quote from: RHavar on November 02, 2015, 06:15:47 PM

Quote from: cryptosmoker on November 02, 2015, 03:59:47 PM

Does this not set off any red flags?

All accounts made 2 days ago...
Im usually not paranoid about this kinda stuff...seems worth pointing out though.

Yeah, although I'd argue all winners tend to look suspicious. (I've lost my fair share of sleep investigating stuff). I've been looking at the accounts and history, and have no reason to suspect any foul play. Also it's worth pointing out, at once time I saw one of the accounts sitting at -5 BTC in net profit, just he aggressively won it back. Loss-chasers tends to have very consistent returns, until they don't.

Yeah, and his total rolls aren't too high. I used a strategy that was still in profit after 2m+ rolls before it finally busted (it was up ~8x the starting bankroll at that time).

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: cryptosmoker on November 02, 2015, 03:59:47 PM

Does this not set off any red flags?

All accounts made 2 days ago...
Im usually not paranoid about this kinda stuff...seems worth pointing out though.

Yeah, although I'd argue all winners tend to look suspicious. (I've lost my fair share of sleep investigating stuff). I've been looking at the accounts and history, and have no reason to suspect any foul play. Also it's worth pointing out, at once time I saw one of the accounts sitting at -5 BTC in net profit, just he aggressively won it back. Loss-chasers tends to have very consistent returns, until they don't.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Jeez, investor profit took a huge hit! A few days ago it was still rocking at 132 BTC, but now it's dropped to 78.9 BTC (at time of posting). I'm extremely glad that I pulled out as I saw the steady drop. Hopefully the rest of you investors get that back.

gordonhill

legendary

Activity: 1274

Merit: 1006

Nice to see some winners on MoneyPot apps. Congratz to the winners.

ps: of course 4 obvious reasons, i prefer this wins were achieved on my favourite app.

cheers!! ●‿●

investdice

full member

Activity: 140

Merit: 100

Quote from: cryptosmoker on November 02, 2015, 03:59:47 PM

Does this not set off any red flags?

All accounts made 2 days ago...
Im usually not paranoid about this kinda stuff...seems worth pointing out though.

Here we got the general who two days later had some sergeants join his army Tongue

Wouldn't be surpised if the army will continue to grow.

ranlo

legendary

Activity: 1974

Merit: 1007

Quote from: Jungian on November 02, 2015, 04:29:42 PM

So over 1.2 million bets and not a single losing streak? I'd love for someone to do the math

It doesn't say there's no losing streak, just that the profit was bigger than the losses. There are many ways to make this happen, though I would think that timing it properly would be almost impossible.

Jungian

legendary

Activity: 930

Merit: 1010

So over 1.2 million bets and not a single losing streak? I'd love for someone to do the math

cryptosmoker

sr. member

Activity: 581

Merit: 250

Does this not set off any red flags?

All accounts made 2 days ago...
Im usually not paranoid about this kinda stuff...seems worth pointing out though.

RHavar

legendary

Activity: 2557

Merit: 1886

Looks like invest dice is continuing the absolute carnage! Well done! And coincidentally, the bankroll is now at an all-time-high. Grin

investdice

full member

Activity: 140

Merit: 100

Quote from: ndnh on November 02, 2015, 01:16:07 AM

Quote from: Alvin Fahriza on November 02, 2015, 12:14:45 AM

Quote from: RHavar on November 01, 2015, 11:42:39 PM

https://www.moneypot.com/apps/497-investdice

is on a rampage through investor profits! Players have outperformed the expected 12 BTC loss, by winning 17 BTC!

And now site profit at -19 BTC just 1 day this account is doctor army he run auto bet at basebet 100 bits double on loss on all account.

eldora doct0r doctor doctor2 jackie_chan

He is using the same strategy everywhere I see that username lol. He is betting simultaneously (martingale from 0.0001) using at least two accounts in other sites too.

Seen here its not all martingale:

Alvin Fahriza

sr. member

Activity: 350

Merit: 250

Quote from: hua_hui on November 02, 2015, 11:30:47 AM

oh my, what a big lose we are experiencing. it took a super big hit. so how much bitcoin has we lose in the profit in one day???

About 47 BTC i think, on investdice profit now is -40,466,991.01 bits (-1.92%) that all from + 7 BTC Profit site, owner investdice said so he won about 47++ in one day.

EDIT: OMG now ID profit about -48 BTC , https://www.moneypot.com/apps/497-investdice.

hua_hui

legendary

Activity: 1386

Merit: 1016

oh my, what a big lose we are experiencing. it took a super big hit. so how much bitcoin has we lose in the profit in one day???

Topic: MoneyPot.com :: The bitcoin gambling wallet - page 11. (Read 77052 times)