MoneyPot.com :: The bitcoin gambling wallet - page 46.

Pony789

hero member

Activity: 882

Merit: 1000

Quote from: RHavar on August 08, 2015, 08:15:33 PM

Lot of action happening on MoneyPot. Almost need to create a newsletter with updates.

But some highlights:

* BetterBets is absolutely killing it, bringing in great volume topping 1000 BTC in a single day. You can see some of their stats charted here: http://dicesites.com/betterbets
* Site bankroll has grown to over 300 BTC
* Our largest bet ever of just over 30 BTC was made, which unfortunately was a loss ending helpmywallet's incredible streak on his app.

Even with that 30 btc loss and skyrocketing total wagered, the investor profit is still pretty much at the same level as 2 weeks ago...

birdcat90

hero member

Activity: 602

Merit: 500

does all moneypot app share the faucet timer?

could that app make custom faucet? also betterbets now has improved,,more player playing there and it make more wager for the site..

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: RHavar on August 08, 2015, 08:15:33 PM

Lot of action happening on MoneyPot. Almost need to create a newsletter with updates.

But some highlights:

* BetterBets is absolutely killing it, bringing in great volume topping 1000 BTC in a single day. You can see some of their stats charted here: http://dicesites.com/betterbets
* Site bankroll has grown to over 300 BTC
* Our largest bet ever of just over 30 BTC was made, which unfortunately was a loss ending helpmywallet's incredible streak on his app.

woah that 30btc lossing bet :/ i would cry if i lost that much in 1 bet Cheesy

but its nice to see moneypot is progressing well

regards.
-Katerniko1

RHavar

legendary

Activity: 1463

Merit: 1886

Lot of action happening on MoneyPot. Almost need to create a newsletter with updates.

But some highlights:

* BetterBets is absolutely killing it, bringing in great volume topping 1000 BTC in a single day. You can see some of their stats charted here: http://dicesites.com/betterbets
* Site bankroll has grown to over 300 BTC
* Our largest bet ever of just over 30 BTC was made, which unfortunately was a loss ending helpmywallet's incredible streak on his app.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: JackpotRacer on August 08, 2015, 03:19:44 AM

agree but for now I will make a sign at the entrance of the Jackpotracer casino

Off Limits to Whales Grin

Sure, you can always restrict what bets you accept. I'm not sure why you'd want to do that though as the absolute worst case is they max-bet every single bet and you make 0 commissions, but it would be still a huge boon to the casino assuming you're not offering a rakeback or something.

Quote from: joksim299 on August 08, 2015, 07:51:18 PM

Is it possible to make slot machine bet using MP API?

Yeah, we do support this. If you want to talk to me on slack I'm more than happy to explain how it would be achieved

joksim299

legendary

Activity: 2198

Merit: 1014

Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm

Is it possible to make slot machine bet using MP API?

GonnaGrinditout

member

Activity: 94

Merit: 11

Quote from: katerniko1 on August 08, 2015, 07:38:42 AM

is moneypot down? i click login through moneypot and it just say connecting and site won't open.?
is it for just me or it is really down Huh

thanks
regards.
-Katerniko1

it's just you, http://downforeveryoneorjustme.com/moneypot.com

katerniko1

legendary

Activity: 966

Merit: 1000

is moneypot down? i click login through moneypot and it just say connecting and site won't open.?
is it for just me or it is really down Huh

thanks
regards.
-Katerniko1

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: arallmuus on August 08, 2015, 03:07:10 AM

Quote from: JackpotRacer on August 08, 2015, 02:46:44 AM

now I will send all whales to other apps to bet their max bets there Grin

At this moment the max bet is still pretty low and some whales could easily bet at the max bet thus generate no income for the house however once the bankroll has gotten more BTC then the arbitrage range for the max bet will be huge as well therefore the house could easily serve a whale when they visit the house .
The bankroll needs to be atleast 2k BTC to serve a max profit of 20 BTC at this moment the investor's profit has served a good proof that this kinda investment is making a real profit . As for now, moneypot seems to be kinda left out in term of investing in a gambling site but that should change in the near future

References : https://www.moneypot.com/investment, pretty much almost 300 BTC

agree but for now I will make a sign at the entrance of the Jackpotracer casino

Off Limits to Whales Grin

arallmuus

legendary

Activity: 2562

Merit: 1414

Quote from: JackpotRacer on August 08, 2015, 02:46:44 AM

now I will send all whales to other apps to bet their max bets there Grin

At this moment the max bet is still pretty low and some whales could easily bet at the max bet thus generate no income for the house however once the bankroll has gotten more BTC then the arbitrage range for the max bet will be huge as well therefore the house could easily serve a whale when they visit the house .
The bankroll needs to be atleast 2k BTC to serve a max profit of 20 BTC at this moment the investor's profit has served a good proof that this kinda investment is making a real profit . As for now, moneypot seems to be kinda left out in term of investing in a gambling site but that should change in the near future

References : https://www.moneypot.com/investment, pretty much almost 300 BTC

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: RHavar on August 08, 2015, 01:03:50 AM

And if you had a whale who was max-betting each round on a 1% house edge site, the investors would have an EV of exactly 1% (and MP and apps would make 0).

now I will send all whales to other apps to bet their max bets there Grin

arallmuus

legendary

Activity: 2562

Merit: 1414

Quote from: ndnh on August 08, 2015, 01:11:33 AM

possibly upto 100% edge (BB)

This is unintentional because unlike plinkopot that has a payout editor which you can use to set your own house edge as well, BetterBets only offer a set of payout that has been set to have an edge at exactly 1 % or 0.99 % . The plinko game has tons of payout table and that setting is kinda slip away as no one noticed it before however it will be fixed soon though

P.S : apologize if you are shocked to see that 100 % edge but thats truly unintentional though Cheesy

on a side note Ryan, has you fixed / put restriction for the other issue that I sent you before ? the one with kelly and house edge if you dont recall it

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: RHavar on August 08, 2015, 01:03:50 AM

Quote from: ndnh on August 08, 2015, 12:19:24 AM

What is the EV for investments at Moneypot? I had thought it to be a little below 1% of wagered, but it seems to be wrong. AFAIK, it could be anywhere in a range. And with a 100% upper limit? What is the lower limit (for a bet to be accepted by Moneypot)?

It's a little involved, unfortunately, and there's no simple answer. Probably the best read is: https://www.moneypot.com/faq#what-is-the-investment-option-

Basically any bet that is kelly-compliant is accepted by investors. Sometimes a house edge of 0.001% is all that's needed for that, or other times it could be 10%. Any bet that is not kelly-compliant from the investors perspective is rejected. Any bet that is exactly kelly-compliant, the investors take 100% of the risk and 100% of the rewards. If the bet is *better* than a kelly-complaint bet (from the investors perspective), MP arbitrages the difference and does a 50-50 profit share with the app.

So from an investors point of view, the same bet with a 1% or 10% house edge would have the same amount of risk and reward (but the apps and MP are going to make a lot more from the 10% house edge bet).

And if you had a whale who was max-betting each round on a 1% house edge site, the investors would have an EV of exactly 1% (and MP and apps would make 0).

Thanks

I had read the FAQ already, but things got more clear now.

Was just surprised to see some set a minimum 0.9% edge with possibly upto 100% edge (plinkopot and BB), while SharpDice offers 0.1% for smaller bets and also dice sites with fixed 1% edge.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: ndnh on August 08, 2015, 12:19:24 AM

What is the EV for investments at Moneypot? I had thought it to be a little below 1% of wagered, but it seems to be wrong. AFAIK, it could be anywhere in a range. And with a 100% upper limit? What is the lower limit (for a bet to be accepted by Moneypot)?

It's a little involved, unfortunately, and there's no simple answer. Probably the best read is: https://www.moneypot.com/faq#what-is-the-investment-option-

Basically any bet that is kelly-compliant is accepted by investors. Sometimes a house edge of 0.001% is all that's needed for that, or other times it could be 10%. Any bet that is not kelly-compliant from the investors perspective is rejected. Any bet that is exactly kelly-compliant, the investors take 100% of the risk and 100% of the rewards. If the bet is *better* than a kelly-complaint bet (from the investors perspective), MP arbitrages the difference and does a 50-50 profit share with the app.

So from an investors point of view, the same bet with a 1% or 10% house edge would have the same amount of risk and reward (but the apps and MP are going to make a lot more from the 10% house edge bet).

And if you had a whale who was max-betting each round on a 1% house edge site, the investors would have an EV of exactly 1% (and MP and apps would make 0).

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

What is the EV for investments at Moneypot? I had thought it to be a little below 1% of wagered, but it seems to be wrong. AFAIK, it could be anywhere in a range.
It has a 100% upper limit (i.e. players can play a 100% edge game). What is the lower limit (for a bet to be accepted by Moneypot)? And what is the lowest EV for investment?

Aleator

sr. member

Activity: 616

Merit: 250

Gratitudes but it feels as if a dream passing through fingers as each day passes.

arallmuus

legendary

Activity: 2562

Merit: 1414

Quote from: Aleator on August 07, 2015, 07:36:30 PM

Greatest part about moneypot approved apps? They do not care if you win or lose

The owner of Moneypot and the apps owner is taking up risk free profit each time there are people that wager on the site therefore the best thing would be that to hope people to win and keep on wagering. Apart from that because each apps is equipped with house edge, investor is assured that this is profitable in the long run

Besides, the success story of a gambler is what driven people to be crazy into thinking that they can do it as well and there is no better publicity than having one big winner in your site (or two)

On a side note, goodluck with your aleatorium

Aleator

sr. member

Activity: 616

Merit: 250

Greatest part about moneypot approved apps? They do not care if you win or lose , so if you win and come back its better for them , hell if you keep winning and keep betting more and more and never lose its a lot better for them comparing to you going there and lose.

So you have casino owners who are hoping you beat them. That is a first , at least first I ever heard of.

Aleator

sr. member

Activity: 616

Merit: 250

Even tough I like bits and I do not have troubles with it (anymore Cheesy

) I feel like only offering bits is breach of freedom. I think you should allow people to use bits bitcoins satoshis mbtc or whatever they want. Maybe that is too much of work and you do not have to do it but doing it will be better then not doing it Cheesy

RHavar

legendary

Activity: 1463

Merit: 1886

I do like the idea of tooltips, it'd be handy if you hovered over 100,000 bits to see "0.1 BTC / $28.08". I'll add that to my todo, along with a setting of which fiat unit you'd like to see the conversion to.

I do like pushing bits though, as I believe it important for the bitcoin community, especially the less technical segment to have a common base unit. I don't believe BTC is suitable for that, and would be happy with either mBTC or bits, but I'd like to throw my weight behind bits as it seems to have the most momentum at the moment.

And from what I've seen on bustabit, people really do end up liking it and not trouble expressing large numbers by using "k bits" and "m bits". We also there allow people to use the suffix "k" to mean thousand. So instead of 100,000 bits, people just write 100k. I think for most people, it's a lot easier to grok and work with "1 million x" than it is to grok "1 millionth of an x" so it does make sense using a very small base unit.

Topic: MoneyPot.com :: The bitcoin gambling wallet - page 46. (Read 77125 times)