Our roulette wager race is now live, check it out @ https://monk.gg/roulette
Topic: Monk.gg - PARLAY ON CRASH 🚀 | 🏆 ROULETTE WAGER RACE LIVE 🏆 | (Read 2049 times)
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It is quite surprising that you are still doing the development on your website. And I'm more surprised to see that you have added the dice game with 1% house edge only. But users betting activity is too low on your website. I believe you will get more active users if you remove the mandatory KYC verification system. People rarely show interest to play in-house games by filling those KYC steps. You should do the marketing in a better way.I guess mandatory KYC verification is not an issue anymore since lots of people is already open for those possibilities and adapt well on those requirements asked to them since KYC is normal thing these days.
What provably lacking here is promotions and marketing since if they can offer something interesting to people the provably that they would get an activity or discussions happening in this thread. If they could just have a budget to run a campaign here maybe it can help to increase their visibility knowing that there are lots of people want to test new things in their sight and to see if there's something new they could able to enjoy on other casino they see.
But for sure they know about that, but maybe they have lack of resources that's why we don't see them doing long marketing campaigns and other important to consider that's why they didn't get much good attentions and activities happening in their thread.
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It is quite surprising that you are still doing the development on your website. And I'm more surprised to see that you have added the dice game with 1% house edge only. But users betting activity is too low on your website. I believe you will get more active users if you remove the mandatory KYC verification system. People rarely show interest to play in-house games by filling those KYC steps. You should do the marketing in a better way. We just added 3 new games; Mines, Limbo, and Dice! Feel free to check them out 
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
There will be no fun of the game if they remove the zero/monk payout from the roulette. The real zero HE game can also be with the special zero/monk payout. However, the HE is approximately 0.1% for their roulette game with MONK currency. Contribution to the expected return amount for 1 to 7, 8 to 14 and special monk/zero is respectively (7 ÷ 15) × 2.14, (7 ÷ 15) × 2.14 and (1 ÷ 15) × 15.• Total expected return is: (7 ÷ 15) × 2.14 + (7 ÷ 15) × 2.14 + (1 ÷ 15) × 15 = 2.99733
• So, the HE is: [1 - (2.99733 ÷ 3)] × 100% = 0.089%
The HE is 6.67% for a bit lower payout of all outcomes in other crypto. @monkgg, The HE isn't really 0% in MONK token for the roulette game. Have I missed anything on the calculation?
To have 0 house edge on green, the multiplier is 15/1 = 15x, which we don't have to truncate and therefore all green bets will have an exactly 0% house edge.
Thank you very much for taking the time to explain in more depth.
IMO it would be very easy and simple to take out the monk for a real zero HE roulette game for red and black bets.
Actually you can offer 2 games > the one without the monk and one with the monk.
just saying, good luck
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
There will be no fun of the game if they remove the zero/monk payout from the roulette. The real zero HE game can also be with the special zero/monk payout. However, the HE is approximately 0.1% for their roulette game with MONK currency. Contribution to the expected return amount for 1 to 7, 8 to 14 and special monk/zero is respectively (7 ÷ 15) × 2.14, (7 ÷ 15) × 2.14 and (1 ÷ 15) × 15.• Total expected return is: (7 ÷ 15) × 2.14 + (7 ÷ 15) × 2.14 + (1 ÷ 15) × 15 = 2.99733
• So, the HE is: [1 - (2.99733 ÷ 3)] × 100% = 0.089%
The HE is 6.67% for a bit lower payout of all outcomes in other crypto. @monkgg, The HE isn't really 0% in MONK token for the roulette game. Have I missed anything on the calculation?
To have 0 house edge on green, the multiplier is 15/1 = 15x, which we don't have to truncate and therefore all green bets will have an exactly 0% house edge.
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
There will be no fun of the game if they remove the zero/monk payout from the roulette. The real zero HE game can also be with the special zero/monk payout. However, the HE is approximately 0.1% for their roulette game with MONK currency. Contribution to the expected return amount for 1 to 7, 8 to 14 and special monk/zero is respectively (7 ÷ 15) × 2.14, (7 ÷ 15) × 2.14 and (1 ÷ 15) × 15.• Total expected return is: (7 ÷ 15) × 2.14 + (7 ÷ 15) × 2.14 + (1 ÷ 15) × 15 = 2.99733
• So, the HE is: [1 - (2.99733 ÷ 3)] × 100% = 0.089%
The HE is 6.67% for a bit lower payout of all outcomes in other crypto. @monkgg, The HE isn't really 0% in MONK token for the roulette game. Have I missed anything on the calculation?
Thanks for clarifying and well explained. I thought the same but Monk explained it differently and very confusing. I like it KISS = Keep it Simple and Stupid.
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
There will be no fun of the game if they remove the zero/monk payout from the roulette. The real zero HE game can also be with the special zero/monk payout. However, the HE is approximately 0.1% for their roulette game with MONK currency. Contribution to the expected return amount for 1 to 7, 8 to 14 and special monk/zero is respectively (7 ÷ 15) × 2.14, (7 ÷ 15) × 2.14 and (1 ÷ 15) × 15.• Total expected return is: (7 ÷ 15) × 2.14 + (7 ÷ 15) × 2.14 + (1 ÷ 15) × 15 = 2.99733
• So, the HE is: [1 - (2.99733 ÷ 3)] × 100% = 0.089%
The HE is 6.67% for a bit lower payout of all outcomes in other crypto. @monkgg, The HE isn't really 0% in MONK token for the roulette game. Have I missed anything on the calculation?
Marketing wise, like Poker Player said, your 0% house edge approach with $MONK should attract people but $MONK's trading volume is super low. I checked it right now on Coingecko and 24H trading volume is $333.
While the trading volume is relatively low, players should easily be able to buy/sell Monk for ETH. The team has locked their liquidity tokens for the Monk/WETH liquidity pool which can be seen here - https://beta.uncx.network/lockers/univ2/chain/8453/address/0x568511ad0394bfe8683d787ee9508a14afd8ac89So it is not a zero HE game. Real zero HE game would be without Zero/Monk
This is not true. Our roulette has a zero house edge. Instead of 2x on red/black we have 2.14. Instead of 14x on green we have 15x. This results in a 0% house edge.
thank you for answer and clarifying.
I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
Roulette with only black and red pockets is the one with 0% house edge. One green zero already changes the house edge of the game (2.7%), two green zeros increase the house edge further (5.26%).I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
I know very well what the Roulette HE is, but my question still remains unanswered.
The Monk game has 14 numbers and a green Monk. To me, it is not a zero HE game if a player loses his red or black bet when the green comes up.
If you play in the MONK currency, then the payout is on red or black with odds of 2.14, and on green Monk (zero) with odds of 15, and then the house edge is 0%.
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
Member @Synchronice expressed it very well
Okay, you have a roulette with these odds if someone plays with $MONK, nice. By the way, what about to add a roulette without ZERO? With only black and red pockets, for $MONK players. I think it will be nice if you have roulette with no zero, with one zero and with two zeros, all of them with 0% house edge for $MONK players. It would attract people, wouldn't it? At least I would try it
If you play in the MONK currency, then the payout is on red or black with odds of 2.14, and on green Monk (zero) with odds of 15, and then the house edge is 0%.
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
Exactly
And for coinflip/jackpot PvP casino games (or PvH if you play against a bot in coinflip), then there is a 0% PvP fee for $MONK bets.
Marketing wise, like Poker Player said, your 0% house edge approach with $MONK should attract people but $MONK's trading volume is super low. I checked it right now on Coingecko and 24H trading volume is $333.
If you play in the MONK currency, then the payout is on red or black with odds of 2.14, and on green Monk (zero) with odds of 15, and then the house edge is 0%.
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
Exactly
And for coinflip/jackpot PvP casino games (or PvH if you play against a bot in coinflip), then there is a 0% PvP fee for $MONK bets.
thank you for answer and clarifying.
I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
Roulette with only black and red pockets is the one with 0% house edge. One green zero already changes the house edge of the game (2.7%), two green zeros increase the house edge further (5.26%).I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
I know very well what the Roulette HE is, but my question still remains unanswered.
The Monk game has 14 numbers and a green Monk. To me, it is not a zero HE game if a player loses his red or black bet when the green comes up.
If you play in the MONK currency, then the payout is on red or black with odds of 2.14, and on green Monk (zero) with odds of 15, and then the house edge is 0%.
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
thank you for answer and clarifying.
I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
Roulette with only black and red pockets is the one with 0% house edge. One green zero already changes the house edge of the game (2.7%), two green zeros increase the house edge further (5.26%).I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
I know very well what the Roulette HE is, but my question still remains unanswered.
The Monk game has 14 numbers and a green Monk. To me, it is not a zero HE game if a player loses his red or black bet when the green comes up.
Casino has to maintain and improve the product, casino has to pay salaries, marketing, bonuses and so on. What is player's duty? To win, just to profit, but casino on the other hand, has to spend significant portion of its profit on many things. That's why I think that 0 house edge is a risky thing for casino but I can be wrong.
The 0% house edge for those games aren't going to be risky for Monk.gg. You are already aware of the 2% exchange fee of the MONK token. Those 0% HE games might attract some gamblers, and they are forced to use MONK token to play those games. Which will work like a free marketing system of their tokens.Users aren't going to get any bonuses by wagering on those games as the HE is 0%. MONK token bets are excluded from their challenges. Moreover, there will be no referral commission for the wager on those games. So, the 2% exchange fee of the token is enough to maintain the cost of those games.
thank you for answer and clarifying.
I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
Roulette with only black and red pockets is the one with 0% house edge. One green zero already changes the house edge of the game (2.7%), two green zeros increase the house edge further (5.26%). I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
if I bet on red and the green Monk is coming up, what will happen with my bet?
You will loss your bet, because the green Monk is a different outcome. There are 3 betting range in their roulette game. Those are red (1-7 number), black (8-14 number) and Green (Monk). In every round, one range will be chosen as the winner and other two will be losing bet.thank you for answer and clarifying.
I thought it is a 0% house edge game. it looks I misunderstood it.
is there a 0% house edge game?
I don't know whether the bonus is still active or not. But I had taken the bonus in the early days. You have to use the bonus code on your account reward page to get the bonus. See the bonus code here.
I registered through the link published here on the forum and it has an implemented bonus code, but I did not receive the bonus after first deposit. When I manually enter the bonus code in Reward (Reedem welcome bonus), a message pops up: Invalid code.
I think it would be fine if the OP announced on the forum that the bonus code is no longer valid.
I'm going to study and test the site though. So far, I have seen that roulette has only 14 numbers and zero, which means that the house edge is a high 6.67%
if I bet on red and the green Monk is coming up, what will happen with my bet?
You will loss your bet, because the green Monk is a different outcome. There are 3 betting range in their roulette game. Those are red (1-7 number), black (8-14 number) and Green (Monk). In every round, one range will be chosen as the winner and other two will be losing bet.Is it still valid because there are no bonuses in my account? Or I didn't understand how it works. Do I have to enter the bonus code in my account?
I don't know whether the bonus is still active or not. But I had taken the bonus in the early days. You have to use the bonus code on your account reward page to get the bonus. See the bonus code here.
Everything is fine now.
I used the link for registration on the bitcointalk forum through which you get a bonus for the first deposit. Is it still valid because there are no bonuses in my account? Or I didn't understand how it works. Do I have to enter the bonus code in my account?
I used the link for registration on the bitcointalk forum through which you get a bonus for the first deposit. Is it still valid because there are no bonuses in my account? Or I didn't understand how it works. Do I have to enter the bonus code in my account?
Hello,
I registered today and went through the verification process. After that I made the first deposit in DOGE currency, but the amount did not appear in my account after a few hours. My username is ztec. I also sent an email to support with the transaction number. How long does it take to get a response? Thanks in advance
I registered today and went through the verification process. After that I made the first deposit in DOGE currency, but the amount did not appear in my account after a few hours. My username is ztec. I also sent an email to support with the transaction number. How long does it take to get a response? Thanks in advance
Hi ztec. Are you sure that your deposit did not go through? We can see the funds in your account and the transaction in your deposit history. We've also responded to your email. Let us know if there are any issues.
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