@Ryan
is the new announcement = payout formula already implemented?
Topic: MoneyPot.com :: The bitcoin gambling wallet - page 29. (Read 77137 times)
@dooglus
thank you very much for the effort to shed some light on the problem I had with this sentence
Apps will now get a constant 50% of the house edge maybe also because english is not my native language
very much appreciated because I am for a long time a fan of yours and again I have to say Chapeau! (hint)
yes it looks like the formula I received the formula was 0.06% of the bank roll was confusing
but I understood it as 47%-50% of the 1% HE and I am sure the one who gave me the formula meant the same.
yes I understand what you are explaining and it makes sense but then the sentence should have been
Apps will now get a constant 50% of the house edge....up to 50% of 1% of the bank
it looks that this missing part confused me and again maybe because that english is not my native language but that is the reason I ask for ELI5 and thanks again for your input and patience to explain it to me.
thanks also for the graphs where it perfectly shows the point where Investors and App owners are diverging
as I understand and always understood that the Investor gets 100% of the 1% HE if he has full/1x kelly risk
now my question is how much will the app owner get if there is a zero risk bet and the Investor has actually zero risk?
thank you very much for the effort to shed some light on the problem I had with this sentence
Apps will now get a constant 50% of the house edge maybe also because english is not my native language
very much appreciated because I am for a long time a fan of yours and again I have to say Chapeau! (hint)
I think you misunderstood. You want 47% of the house edge (ie. almost half of it) not 0.47% (ie. about 1/200th of it), and to get that you need to limit bets at 6% of 1% of the bank, ie. 0.27
yes it looks like the formula I received the formula was 0.06% of the bank roll was confusing
but I understood it as 47%-50% of the 1% HE and I am sure the one who gave me the formula meant the same.
Now you get 50% of the house edge up to 50% of 1% of the bank, ie. 2.25
To get 47%, you can take a bet up to 53% of 1% of the bank, ie. 2.385
So you can increase your limit about 9x.
To get 47%, you can take a bet up to 53% of 1% of the bank, ie. 2.385
So you can increase your limit about 9x.
yes I understand what you are explaining and it makes sense but then the sentence should have been
Apps will now get a constant 50% of the house edge....up to 50% of 1% of the bank
it looks that this missing part confused me and again maybe because that english is not my native language but that is the reason I ask for ELI5 and thanks again for your input and patience to explain it to me.
thanks also for the graphs where it perfectly shows the point where Investors and App owners are diverging
as I understand and always understood that the Investor gets 100% of the 1% HE if he has full/1x kelly risk
now my question is how much will the app owner get if there is a zero risk bet and the Investor has actually zero risk?
once I received a formula to be sure that I (app owner) always will get about 0.47% = very near to 0.50% of the HE
the formula was 0.06% of the bank roll
bankroll today about 450 and 0.06% of 450 = 0.27
to get the almost 0.50% (0.47%) of the HE my max win allowance for the player should be 0.27
(IMO an app with this tiny max win allowance can forget all whales and even medium whales)
the formula was 0.06% of the bank roll
bankroll today about 450 and 0.06% of 450 = 0.27
to get the almost 0.50% (0.47%) of the HE my max win allowance for the player should be 0.27
(IMO an app with this tiny max win allowance can forget all whales and even medium whales)
I think you misunderstood. You want 47% of the house edge (ie. almost half of it) not 0.47% (ie. about 1/200th of it), and to get that you need to limit bets at 6% of 1% of the bank, ie. 0.27
what would be the formula now after the big announcement? anyone can help out with the right multiplier so I (app owner) will have the 0.50% of the HE
Now you get 50% of the house edge up to 50% of 1% of the bank, ie. 2.25
To get 47%, you can take a bet up to 53% of 1% of the bank, ie. 2.385
So you can increase your limit about 9x.
but still it would contradict the Apps will now get a constant 50% of the house edge
I think it is like this.
before:
after:
He means leaderboard for players over all sites :p I think.
I would like an option to disable public gaming stats and to withdraw balance form all apps at once.
Thanks, noted. Both very reasonable, and added to our issue tracker.
Great ideas! It'd also be cool if there were like an overall site leaderboard people can choose to show up on, that would take into consideration their profit/wagered from all supported MP sites at once.
I would like an option to disable public gaming stats and to withdraw balance form all apps at once.
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
will Set the max-profit to 0.5% of the bankroll replace the formula you gave me not so long ago the formula was 0.06% of the bank roll
thanks
Yes it will. You can wait for Ryan to confirm if you wish.
nah you are the maths genius why should I wait for Ryan?
but still it would contradict the Apps will now get a constant 50% of the house edge
That is just to make it simple to the reader. The second para has the exemption.
tl;dr version is Apps will now get a constant 50% of the house edge as long as the bet is <=0.5% of the bankroll. So, just make the max bet 0.5% of the bankroll instead of the previous one, and you are done.
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
will Set the max-profit to 0.5% of the bankroll replace the formula you gave me not so long ago the formula was 0.06% of the bank roll
thanks
Yes it will. You can wait for Ryan to confirm if you wish.
nah you are the maths genius why should I wait for Ryan?
but still it would contradict the Apps will now get a constant 50% of the house edge
Edit: Of course if a whale bets very high, you could get 0%. That is why he said to limit the max bet at 0.5% of bankroll (so you get 50% of HE all scenarios). Simple.
the edit has the answer
but still why would Ryan say ELI5: You get 50% of the house edge of all bets
There is an exemption part you skipped. See this:
ELI5: You get 50% of the house edge of all bets (the only exception to this is when this would be too risky for investors otherwise).
--snip--
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
--snip--
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
will Set the max-profit to 0.5% of the bankroll replace the formula you gave me not so long ago the formula was 0.06% of the bank roll
thanks
Yes it will. You can wait for Ryan to confirm if you wish.
Edit: Sorry I keep editing.
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
will Set the max-profit to 0.5% of the bankroll replace the formula you gave me not so long ago the formula was 0.06% of the bank roll
thanks
I think RHaver actually made all the points clear. I don't think I can explain in any more detail without confusing myself.
Step 1: Read his post.
Step 2: Check whether you understood. No? Go to Step 1.
Edit: Of course if a whale bets very high, you could get 0%. That is why he said to limit the max bet at 0.5% of bankroll (so you get 50% of HE all scenarios). Simple.
Step 1: Read his post.
Step 2: Check whether you understood. No? Go to Step 1.
Edit: Of course if a whale bets very high, you could get 0%. That is why he said to limit the max bet at 0.5% of bankroll (so you get 50% of HE all scenarios). Simple.
the edit has the answer
but still why would Ryan say ELI5: You get 50% of the house edge of all bets
I think RHaver actually made all the points clear. I don't think I can explain in any more detail without confusing myself.
Step 1: Read his post.
Step 2: Check whether you understood. No? Go to Step 1.
Edit: Of course if a whale bets very high, you could get 0%. That is why he said to limit the max bet at 0.5% of bankroll (so you get 50% of HE all scenarios). Simple.
Step 1: Read his post.
Step 2: Check whether you understood. No? Go to Step 1.
Edit: Of course if a whale bets very high, you could get 0%. That is why he said to limit the max bet at 0.5% of bankroll (so you get 50% of HE all scenarios). Simple.
Is bustabit included in the moneypot group ?
If I was an investor moneypot , I would benefit from profit bustabit ?
If I was an investor moneypot , I would benefit from profit bustabit ?
BustaBit is operated by MoneyPot S.L.R. which is the sole owner and bankroller of bustabit.
MoneyPot S.L.R. operate with MoneyPot.com and Bustabit, but you can only invest to MoneyPot.
Oww ok I understand , although bustabit operated moneypot the same person , but I can not be investor bustabit only in moneypot , thanks for info sir
thank you for trying to explain especially for me but I can assure you that most (if not all) of the app owners didn't understand the big announcement.
I'm not quite sure this is true, from app developers perspective the new scheme is both simpler and more profitable.
and will jump in anytime soon.Quote
ELI5: You get 50% of the house edge of all bets (the only exception to this is when this would be too risky for investors otherwise).
again that is not right though I would be glad if you correct me and I am totally wrong. a whale will come to my app and bet 4BTC (BR=450) .....will ,I get 50% of HE?
a medium whale will come to my app and will bet 3BTC ... will I get 50% of HE?
if yes then I understood you right when saying: ELI5: You get 50% of the house edge of all bets and if I don't get 50% of the HE of those bets then your ELI5: You get 50% of the house edge of all bets was wrong.
Quote
ELI5: You get paid more than last time
that sounds nice but in numbers it would be much more understandable for all of us. how much is this more? more is nice but it must be put in relation to something. if I get for all bets as you said 50% of the HE it would be easy for me to have the numbers and it would have been a nice surprise for any app owner.Quote
Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).
I really appreciate your ELI5 answers. please lets try it also for my last question.
before we (app owners) had 0% of the HE when a whale came to our app and wagered max.......how much do we have now? again 0%?
Is bustabit included in the moneypot group ?
If I was an investor moneypot , I would benefit from profit bustabit ?
If I was an investor moneypot , I would benefit from profit bustabit ?
BustaBit is operated by MoneyPot S.L.R. which is the sole owner and bankroller of bustabit.
MoneyPot S.L.R. operate with MoneyPot.com and Bustabit, but you can only invest to MoneyPot.
Is bustabit included in the moneypot group ?
If I was an investor moneypot , I would benefit from profit bustabit ?
If I was an investor moneypot , I would benefit from profit bustabit ?
once I received a formula to be sure that I (app owner) always will get about 0.47% = very near to 0.50% of the HE
the formula was 0.06% of the bank roll
bankroll today about 450 and 0.06% of 450 = 0.27
to get the almost 0.50% (0.47%) of the HE my max win allowance for the player should be 0.27
(IMO an app with this tiny max win allowance can forget all whales and even medium whales)
what would be the formula now after the big announcement? anyone can help out with the right multiplier so I (app owner) will have the 0.50% of the HE
thanks
0.06% => 0.5%
So you get exactly 50% (nothing less) with 2.25BTC max bet (0.5% of 450BTC)
Edit: For 1% house edge.
once I received a formula to be sure that I (app owner) always will get about 0.47% = very near to 0.50% of the HE
the formula was 0.06% of the bank roll
bankroll today about 450 and 0.06% of 450 = 0.27
to get the almost 0.50% (0.47%) of the HE my max win allowance for the player should be 0.27
(IMO an app with this tiny max win allowance can forget all whales and even medium whales)
what would be the formula now after the big announcement? anyone can help out with the right multiplier so I (app owner) will have the 0.50% of the HE
thanks
Just read all 3% as 1%, and all 1.5% as 0.5%.
really? how about to take 1% and translate those numbers to 1%?
please try it and lets see with what you will come up?
I already did?!
Just read all 3% as 1%, and all 1.5% as 0.5%.
really? how about to take 1% and translate those numbers to 1%?
please try it and lets see with what you will come up?
Quote
Just make your max bet 0.5% of the bankroll if you want 50% HE in all cases. Done. 
ok but this we had before and my question was what is the big change for the app owner after the announcement?
oh sorry I forgot you are not an app owner (my bad) and therefore can't feel any advantage or disadvantage in your pocket as an app owner
thanks for trying
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