MoneyPot.com :: The bitcoin gambling wallet - page 30.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: JackpotRacer on September 12, 2015, 09:42:13 AM

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)

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

Quote from: JackpotRacer on September 12, 2015, 09:42:13 AM

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.

Quote from: JackpotRacer on September 12, 2015, 11:28:30 AM

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:

NLNico

legendary

Activity: 1876

Merit: 1295

DiceSites.com owner

He means leaderboard for players over all sites :p I think.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: ranlo on September 13, 2015, 07:16:14 PM

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.

NLNico beat me to it: http://dicesites.com/moneypot and as you can see, betterbets is really doing a phenomenal job.

ranlo

legendary

Activity: 1974

Merit: 1007

Quote from: RHavar on September 13, 2015, 06:56:03 PM

Quote from: joksim299 on September 13, 2015, 12:53:10 PM

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.

RHavar

legendary

Activity: 2557

Merit: 1886

If any (developer) is still using a-chat-server can you please migrate off ASAP to socketpot ( https://blog.moneypot.com/introducing-socketpot/ ), as we'll soon be shutting off a-chat-server.

The chat API is virtually identical, and supports more features (persistent history, moderators etc) so it's worth upgrading anyway.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: joksim299 on September 13, 2015, 12:53:10 PM

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.

joksim299

legendary

Activity: 2184

Merit: 1014

Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

I would like an option to disable public gaming stats and to withdraw balance form all apps at once.

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: JackpotRacer on September 12, 2015, 11:28:30 AM

Quote from: ndnh on September 12, 2015, 11:24:52 AM

Quote from: JackpotRacer on September 12, 2015, 11:19:40 AM

Quote from: RHavar on September 12, 2015, 09:46:27 AM

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 Huh

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.

JackpotRacer

legendary

Activity: 1904

Merit: 1011

All Games incl Racer and Lottery game are Closed

Quote from: ndnh on September 12, 2015, 11:24:52 AM

Quote from: JackpotRacer on September 12, 2015, 11:19:40 AM

Quote from: RHavar on September 12, 2015, 09:46:27 AM

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 Huh

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

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: JackpotRacer on September 12, 2015, 11:14:49 AM

Quote from: ndnh on September 12, 2015, 10:42:59 AM

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:

Quote from: RHavar on September 12, 2015, 09:46:27 AM

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).

Quote from: JackpotRacer on September 12, 2015, 11:19:40 AM

Quote from: RHavar on September 12, 2015, 09:46:27 AM

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 Huh

thanks

Yes it will. You can wait for Ryan to confirm if you wish.

Edit: Sorry I keep editing. Grin

JackpotRacer

legendary

Activity: 1904

Merit: 1011

All Games incl Racer and Lottery game are Closed

Quote from: RHavar on September 12, 2015, 09:46:27 AM

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 Huh

thanks

JackpotRacer

legendary

Activity: 1904

Merit: 1011

All Games incl Racer and Lottery game are Closed

Quote from: ndnh on September 12, 2015, 10:42:59 AM

I think RHaver actually made all the points clear. I don't think I can explain in any more detail without confusing myself. Grin

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

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

I think RHaver actually made all the points clear. I don't think I can explain in any more detail without confusing myself. Grin

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.

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: joksim299 on September 12, 2015, 10:22:55 AM

Quote from: MonsterV on September 12, 2015, 10:19:21 AM

Is bustabit included in the moneypot group ?
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

JackpotRacer

legendary

Activity: 1904

Merit: 1011

All Games incl Racer and Lottery game are Closed

Quote from: RHavar on September 12, 2015, 09:46:27 AM

Quote from: JackpotRacer on September 12, 2015, 06:48:46 AM

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.

I am sure and as I see I am the only app owner who asked some questions. sure it is weekend and maybe they still sleeping

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%?

joksim299

legendary

Activity: 2184

Merit: 1014

Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

Quote from: MonsterV on September 12, 2015, 10:19:21 AM

Is bustabit included in the moneypot group ?
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.

MonsterV

legendary

Activity: 2212

Merit: 1008

Is bustabit included in the moneypot group ?
If I was an investor moneypot , I would benefit from profit bustabit ?

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: Coef on September 12, 2015, 07:29:29 AM

So from the investors' point of view, before the 10% commissions on profit, the investors will get 50% of the house edge for all bets with <0.5x Kelly, and for bets with >0.5x Kelly, investors' share on the house edge is calculated exactly according to Kelly formula (80% for 0.8x Kelly, 120% for 1.2x Kelly with 20% compensation from app owner), am I right?

Yup! It's a great way to think about it.

_{After I properly wake up, I'll check if that maths works though. I believe it's going to result in a slight underestimation of investor profits though, as my intuition tells me that if investors gave 20% of the house edge, on a 0.8x kelly bet it would subject them to slightly more than 1x kelly of risk (which the MP system goes to great pains to avoid ever happening). But that formula you gave should be either very close or accurate.}

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: JackpotRacer on September 12, 2015, 06:48:46 AM

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.

Quote

as you already know that I like it kiss and eli5 I will try and go on asking this way till I understand this special announcement. please bear with me and thank you in advance for the patience you need to sacrifice

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).

Quote

what changed now for the app owners that was different before? and please I need the answer for app owner and not for MP or investors.

ELI5: You get paid more than last time

Quote

my app has 1% HE like most of the app owners on MP. so lets take 1% and not 3% HE as an example

before we had 0% when a whale came to our app and wagered max and imo the max bet for 0% income for the app owner was 1x Kelly of the BR (please correct me if I am wrong)

Set the max-profit to 0.5% of the bankroll, and you'll be guaranteed half the house edge (more than before).

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: JackpotRacer on September 12, 2015, 09:42:13 AM

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.

Topic: MoneyPot.com :: The bitcoin gambling wallet - page 30. (Read 77052 times)