MoneyPot.com :: The bitcoin gambling wallet - page 12.

hopenotlate

legendary

Activity: 3304

Merit: 1221

Top Crypto Casino

Quote from: Coef on November 02, 2015, 01:02:07 AM

Quote from: dooglus on October 30, 2015, 09:38:42 PM

Beware. I invested for the first time yesterday.

It's all down hill from here... Wink

Argh, the bad luck must be brought by dooglus, jk Wink

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

From a probabilistic point of view, martingale is a very bad way to play and it is most likely going to end badly.
With that in mind, I have invested 5 more bitcoin just now and is now patiently waiting for the long streaks to occur. Cool

Reading your post I had the inspiration I needed to invest in Bitcoinpot; with a way less amount than you anyway.

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

(j/k as well)

JackpotRacer

legendary

Activity: 1904

Merit: 1011

All Games incl Racer and Lottery game are Closed

Quote from: investdice on November 02, 2015, 10:27:23 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!

Little update:

Bets:   2,820,418
Wagered:   2,083,688,723.27 bits
Bets Profit:   -41,226,095.01 bits (-1.98%)
Expected Profit:   20,438,531.50 bits (0.98%)

Congrats mate for this nice action on the doctor convention:)

investdice

full member

Activity: 140

Merit: 100

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!

Little update:

Bets:   2,820,418
Wagered:   2,083,688,723.27 bits
Bets Profit:   -41,226,095.01 bits (-1.98%)
Expected Profit:   20,438,531.50 bits (0.98%)

BigMac

legendary

Activity: 896

Merit: 1000

Quote from: Jungian on November 02, 2015, 10:02:01 AM

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?

Has much less to do with the number or bets and everything to do with the size of them.

A win of a big bet will offset millions of small bets

True that a few lucky big bets could taken the site profit down quickly, but it doesn't seem to be the case here. Instead, the players there are just playing with martingale endlessly.

Jungian

legendary

Activity: 930

Merit: 1010

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?

Has much less to do with the number or bets and everything to do with the size of them.

A win of a big bet will offset millions of small bets

BigMac

legendary

Activity: 896

Merit: 1000

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?

JackpotRacer

legendary

Activity: 1904

Merit: 1011

All Games incl Racer and Lottery game are Closed

it looks like a doctor convention at investdice

worth to follow

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

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.

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: dooglus on October 30, 2015, 09:38:42 PM

Beware. I invested for the first time yesterday.

It's all down hill from here... Wink

Argh, the bad luck must be brought by dooglus, jk Wink

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

From a probabilistic point of view, martingale is a very bad way to play and it is most likely going to end badly.
With that in mind, I have invested 5 more bitcoin just now and is now patiently waiting for the long streaks to occur. Cool

Alvin Fahriza

sr. member

Activity: 350

Merit: 250

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

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: dooglus on November 01, 2015, 03:37:17 PM

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

The FAQ is right, but I'm currently waiving the 10%-net-profit fee at the moment. Once it comes back, it'll use a new high-water mark, and only commissions on profits on that will be charged.

(Originally divesting would reset the profit/loss stats, but as cowbay pointed out that discourages investors from gambling to win back their money. So I've waived the whole thing, until I implement it properly). And fortunately for investors, my highest priority at the moment is getting a new lottery out the door, and some BaB improvements =)

So enjoy while it lasts =)

RHavar

legendary

Activity: 2557

Merit: 1886

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!

RHavar

legendary

Activity: 2557

Merit: 1886

I've noticed there's been a problem in some of the support form delivery (remind me to never use email system for support again), and a few support tickets have been undelivered. If you were trying to get in contact with me, could you please resubmit the ticket =)

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

I like the idea of a gambling wallet. It gets rid of handling multiple site wallets, which always puts me off, having to remember how much fine you have where.

Good luck on your site, hope you get more sites connected to yours!

KnightTrader

sr. member

Activity: 288

Merit: 250

Quote from: KnightTrader on November 01, 2015, 04:04:29 PM

Quote from: dooglus on November 01, 2015, 03:37:17 PM

Quote from: KnightTrader on November 01, 2015, 03:03:09 PM

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

By what I have looked from statistics from 1-2 weeks ago that 5% of the house edge maybe looks like correct.

I think that is also good for operators who live in countries what have national monopoly in gambling or some other regulations. So, that is not basically gambling for operators if got flat commission.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

I did a small test and managed to get ~14% gain from investing at Moneypot over 21 days. It's not bad, but of course, we have to hope that players don't profit too much Tongue

KnightTrader

sr. member

Activity: 288

Merit: 250

Quote from: dooglus on November 01, 2015, 03:37:17 PM

Quote from: KnightTrader on November 01, 2015, 03:03:09 PM

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

By what I have looked from statistics from 1-2 weeks ago that 5% of the house edge maybe looks like correct.

jt byte

hero member

Activity: 994

Merit: 500

I used moneypot in the past and was performing good.
It did the job what i was looking for, deposited and withdrawed money from it.
Haven't used it for gambling ever, the commision was the tx fee nothing more or less.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: KnightTrader on November 01, 2015, 03:03:09 PM

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

KnightTrader

sr. member

Activity: 288

Merit: 250

Quote from: JackpotRacer on November 01, 2015, 02:55:23 PM

Quote from: KnightTrader on November 01, 2015, 02:48:04 PM

A little bit of off topic what came to my mind from other topic there.

By my opinion small house edge can be also good for investors, not only because it attract players from other than moneypot sites, but also because it cuts down commission to site operators who use small house edge.

Just a note.

hmmm if it cuts down site operator commission it will cut down also investors commission or what did I miss?

thank you

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Topic: MoneyPot.com :: The bitcoin gambling wallet - page 12. (Read 77052 times)