MoneyPot.com :: The bitcoin gambling wallet - page 9.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: ProfessionalGoogler on November 07, 2015, 04:20:38 AM

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

The house only "always" wins if people infinitely re-gamble all payouts they make. Eventually the house edge will whittle them down to nothing. This is a good enough approximation for a witty expression, but in reality there are a lot of other factors. People can win at the casino and stop playing, or they can win and go somewhere else. Or they can win, and you need to divest. Or they can win and your investment gets diluted so much it can't recover.

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: ProfessionalGoogler on November 07, 2015, 04:20:38 AM

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

Simple answer is, you wont loose long term. But this "long term profit" can start anywhere from a few days to 20 years due to variance.
Especially as the HE is not always 1% i believe it is much lower on some games.

Dannie

legendary

Activity: 910

Merit: 1000

Quote from: cazkooo on November 07, 2015, 04:25:47 AM

Quote from: ProfessionalGoogler on November 07, 2015, 04:20:38 AM

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

You lose because someone else win from the house. Thats normal thing. How do you expect to win 100 % of the game? in long term you will eventually win but that does not mean you win all the time because there are variances

Very true. Also, don't forget that the investment and divestment of other investors will affect your stake %. So it is possible for you to have a loss when investor profit goes down, new investments come in and investor profit goes back up to the previous level.

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: ProfessionalGoogler on November 07, 2015, 04:20:38 AM

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

Well.. short term can be a veeeeeeeeeeery long while.

Pro Gamers

hero member

Activity: 700

Merit: 500

morir es descansar

Quote from: ProfessionalGoogler on November 07, 2015, 04:20:38 AM

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

Arent you tried to say was investor cheated by a hacker? Im not sure about it but i have invested some of my btc here and as of its getting good and you will see when someone qin from the house.

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: ProfessionalGoogler on November 07, 2015, 04:20:38 AM

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

You lose because someone else win from the house. Thats normal thing. How do you expect to win 100 % of the game? in long term you will eventually win but that does not mean you win all the time because there are variances

ProfessionalGoogler

hero member

Activity: 532

Merit: 500

Could someone explain how I could possibly lose my investment?

Really the only way sounds like a hacker or something right?

"The house always wins"

Aren't investors basically the house? I just don't understand how you could EVER lose long term with this sort of system.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: RHavar on November 06, 2015, 10:35:08 PM

I like the forum idea, but the primary reason I took it down was that there's just not enough activity to warrant it. So it's conversation is probably better off here, or maybe forum.bitcoin.com

IMO all moneypot user are going to the moneypot site if they want to look for (new)game apps and there they see this featured apps corner that you established. they are also looking at their moneypot stats and stats of other user and more

the investors going to the moneypot site and checking the last standings of their investment or investing/divesting.

all this happens on the moneypot site so it seems to be only natural to have a forum on moneypot site where the app owner can present his app(s) and like a user here mentioned even investors could have their corner in this forum.

even you said you liked the idea (btw the idea is from my partner and mod toto) but if it is to much work then it is a different reason and we can't tell you to do it, we as app owner just suggesting it and would be glad if we would get it.

RHavar

legendary

Activity: 1463

Merit: 1886

I like the forum idea, but the primary reason I took it down was that there's just not enough activity to warrant it. So it's conversation is probably better off here, or maybe forum.bitcoin.com

Just a heads up, I've deployed code that automatically disables the sessions of people grossly abusing the betting api (i.e. parallelizing api calls). It's quite lenient right now (only disables sessions of people who consistently paralleize request), but will get more strict as time comes. I'll work on creating an acceptable use policy shortly, with some hard limits

Altcoin4life

hero member

Activity: 560

Merit: 500

Good idea unless we want to keep weeding through 300 piles of all these stupid sport prediction and why do you gambles posts. This subforum is a cesspool of spam and could benefit investors with something else.

cryptosmoker

sr. member

Activity: 581

Merit: 250

Quote from: JackpotRacer on November 06, 2015, 02:24:26 PM

hi

after many hours of down time of this forum I thought I will ask moneypot/Ryan that it would be nice to implement a forum on the moneypot site. I know there was a forum long ago on the site and it was spammed a lot and Ryan took it down

my idea is that each app owner if he wants can open his own thread where he could offer promos and discuss his games with moneypot users.

if it is not a good idea or not worth the work to implement it so lets forget it

I agree.

Also a specific thread/forum for investor/bankroll discussion.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

hi

after many hours of down time of this forum I thought I will ask moneypot/Ryan that it would be nice to implement a forum on the moneypot site. I know there was a forum long ago on the site and it was spammed a lot and Ryan took it down

my idea is that each app owner if he wants can open his own thread where he could offer promos and discuss his games with moneypot users.

if it is not a good idea or not worth the work to implement it so lets forget it

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: dooglus on November 03, 2015, 11:21:16 AM

Quote from: Mitchell on November 03, 2015, 07:29:33 AM

So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. Grin

I invested 1.36 BTC shortly before the doctors came to visit.

Now I have: 1,362,452.35 bits.

So I've recovered my losses, but not much more. My net profit is 0.18%.

Yeah, at least he lost the coins. There was a period where, for over 3 weeks, I was in the negatives (prior to that I was up like 20%). I'm positive all-around now though,

.

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

Who doesn't know money pot ? Cheesy

You guys give the best service of cross authentication factor for any gambling website thereby conforming the legacy of the gambling website.This also makes sure we are not playing on a website which is most likely to scam us.I think all the bitcoin gambling websites should add your API as a method of authorization and main wallet .

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: Coef on November 02, 2015, 12:02:07 AM

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

It does proceed in the way I expected, though it took a bit longer than I thought.

Quote from: dooglus on November 03, 2015, 11:21:16 AM

Quote from: Mitchell on November 03, 2015, 07:29:33 AM

So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. Grin

I invested 1.36 BTC shortly before the doctors came to visit.

Now I have: 1,362,452.35 bits.

So I've recovered my losses, but not much more. My net profit is 0.18%.

I have done two more investment when the investor profit went down to ~100 btc and ~70 btc and divested as it went back up, and I have made slightly over 2%. Grin

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Mitchell on November 03, 2015, 07:29:33 AM

So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. Grin

I invested 1.36 BTC shortly before the doctors came to visit.

Now I have: 1,362,452.35 bits.

So I've recovered my losses, but not much more. My net profit is 0.18%.

Mitchell

copper member

Activity: 3948

Merit: 2201

Verified awesomeness ✔

So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. Grin

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: WEBcreator on November 03, 2015, 04:08:36 AM

Quote from: BigMac on November 03, 2015, 03:17:45 AM

Quote from: WEBcreator on November 03, 2015, 02:36:51 AM

It seems investor is winning the game again now. https://www.moneypot.com/apps/497-investdice shows that bets profit is now -13.5 btc so that should be a good news for investor that he is slowly losing

Site profit is now only -6 btc, but I am not surprised about it TBH. After all, we have seen so many gamblers winning a good amount with martingale and then losing it back, and I don't expect this to be the last case.
Advice to all gamblers: Don't get too greedy.

It is now -4.8. He is way too lucky to get more than 70 btc profit. Too bad he didnt stop, if he stop then that will be a good profit and leave a huge hole for the investor

Looks like it's back up to +5.

Investor profits are at 135 BTC now.

WEBcreator

hero member

Activity: 840

Merit: 1000

Quote from: BigMac on November 03, 2015, 03:17:45 AM

Quote from: WEBcreator on November 03, 2015, 02:36:51 AM

It seems investor is winning the game again now. https://www.moneypot.com/apps/497-investdice shows that bets profit is now -13.5 btc so that should be a good news for investor that he is slowly losing

Site profit is now only -6 btc, but I am not surprised about it TBH. After all, we have seen so many gamblers winning a good amount with martingale and then losing it back, and I don't expect this to be the last case.
Advice to all gamblers: Don't get too greedy.

It is now -4.8. He is way too lucky to get more than 70 btc profit. Too bad he didnt stop, if he stop then that will be a good profit and leave a huge hole for the investor

BigMac

legendary

Activity: 896

Merit: 1000

Quote from: WEBcreator on November 03, 2015, 02:36:51 AM

It seems investor is winning the game again now. https://www.moneypot.com/apps/497-investdice shows that bets profit is now -13.5 btc so that should be a good news for investor that he is slowly losing

Site profit is now only -6 btc, but I am not surprised about it TBH. After all, we have seen so many gamblers winning a good amount with martingale and then losing it back, and I don't expect this to be the last case.
Advice to all gamblers: Don't get too greedy.

Topic: MoneyPot.com :: The bitcoin gambling wallet - page 9. (Read 77137 times)