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Topic: Monk.gg - PARLAY ON CRASH 🚀 | 🏆 ROULETTE WAGER RACE LIVE 🏆 | - page 2. (Read 2049 times)

member
Activity: 60
Merit: 7
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
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
Hi OP

if I bet on red and the green Monk is coming up, what will happen with my bet?
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
All roulette bets (aside from bonus wallet bets) count toward your roulette race stats. This means that 0% house edge roulette bets (bets that are made using Monk) will count toward the race! This makes this the first ever wager race to accept 0% house edge bets.
0% house edge is interesting. I may try a little although I was never lucky with roulette. I can not remember a single time I was able to make any profit from it. Played, won, then became greedy and lost all :-)
copper member
Activity: 54
Merit: 4
OUR $3,000 ROULETTE RACE IS NOW LIVE!

All roulette bets (aside from bonus wallet bets) count toward your roulette race stats. This means that 0% house edge roulette bets (bets that are made using Monk) will count toward the race! This makes this the first ever wager race to accept 0% house edge bets.


legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
0% house edge is risky, isn't it?

Ehhh...no.

What is the risk of 0% HE? Do you understand the concept? The only risk is the variance, but in the long run the risk tends to 0.

Risky for who? For the user or for the house?

The risk of 0 house edge for the site is the fact that they will not make a profit in the long run, is like trying to make money by flipping a coin, do a simulation with 10 million flips and you will see how it ends 50/50 or close to that number. Even if the event is random they follow a behavior.

very accurate!

But as Poker Player say, the risk is the variance, make 100 bets, with 50% chance of winning, if most of them lose then double the bet, and that way you can win in the long run against the house.
[/quote]

Sorry but @Poker Player has no clue about games and HE and is only a Signature Scammer!


No casino will give any player a no limit bet option which means that the math tells us that with no limit bet and unlimited bankroll a zero HE game can be beaten but as this is a known fact it is very stupid of poker player to mention it.

Maybe I missed that Monk.gg has no max limit but if so please show me a player there with unlimited bankroll and another player (PvP) also with unlimited bankroll who will play against him.


I am sure Poker Player will have a stupid answer as he needs to earn some sat showing us his Signature
legendary
Activity: 1946
Merit: 1026
In Search of Incredible
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.
legendary
Activity: 3346
Merit: 3125
But as Poker Player say, the risk is the variance, make 100 bets, with 50% chance of winning, if most of them lose then double the bet, and that way you can win in the long run against the house.

Here you are describing the Martingale and it sounds like I have seen you in some thread also talking about this. It is basically a bad method because by doubling the bet you increase the risk exponentially to win only the initial bet on net.

It's different a martingale on a casino with 1% house edge and a casino with 0% house edge. With 0% house edge on a 100 bets run if you lose 70, the chance to win more than 50 in the next 100 bets is big, and if you don't win, then go for the next 100. And to avoid risk you can do 1 satoshi bet at the start, this way you can win against the casino in the long run. That's the main risk of having a 0% house edge.

The only way for the house to win with a 0% house edge is by having a huge bankroll, i can't think of another way to profit from that edge.
copper member
Activity: 98
Merit: 0
I think you have a grammatical issue, with your last sentence.. I don't know what you mean by that.

Likewise, Poker Player, if you were smart, you would stop making such senseless claims.

And, instead look into what I am offering, since it benefits you as well.

But I am going to stop responding on this thread, it is for monks advertisement purposes, and I do not want to impose on that.

legendary
Activity: 1372
Merit: 2017
In the end, yes, 0% house edge means that no one wins but when I say risky, I mostly mean that casino has many other expenses while player has none. 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.
If I were a casino owner, I probably wouldn't offer anything lower than 1% or would probably offer something like progressive house edge, just like moneypot.com does.

But what you have not seen in the case of Monk.gg is that the 0% HE is more a way to attract customers. They don't offer it in all games to begin with:

Poker Player, lets just say.

Even if I was a fraud.

You would still play my game moron.

 Grin



What you don't understand, is my technology, has changed and upgraded, the gambling technique.

All scammers say the same thing when we start questioning you, that we don't understand you.
copper member
Activity: 98
Merit: 0
You don't operate a casino, so the chances of you being aware of all the mechanics are slim to none.

What I don't operate is a scam, which is what you do.

What you do not realize, is mostly, all gambling games, are player vs player in the backend. Some corps, just do need reveal this information.

How can you be so retarded?

You do not operate a casino, why speak about things you do not know?

What I don't do is operate a scam, unlike you.


Even cards on stake, is player vs player.

If you win too much, you will start losing, your money will go to other players.

I've told you before, retard, in PvP games there is a rake or a commission charged by the house. There can't be a HE because you don't play against the house, retard.

Likewise, I own a game. Entirely Player vs Player. No House Edge. But the edge is still there.

Well, with this I'm not going to answer you anymore because the level of retardation you have is god mode. You've been saying the whole conversation that in PvP games there is a HE, me telling you there isn't, and now you admit there is no House Edge?

Dumbass.


Poker Player, lets just say.

Even if I was a fraud.

You would still play my game moron.

Are you not aware of the contributions I have made to the gambling community.


What you don't understand, is my technology, has changed and upgraded, the gambling technique.

Introducing new mechanics, you can not yet conceptualize.

Once you are playing, my game, which you eventually will, inevitably.

You will understand, Poker Player.

For now like I said.

Keep playing poker.

Likewise, it took you a couple of hours to forumlate, a response.

Clearly, you worked hard on this response, just for it to contain, again, your egregious behavior.

You cannot even articulate yourself, without spewing negative energy.

hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
Ehhh...no.

What is the risk of 0% HE? Do you understand the concept? The only risk is the variance, but in the long run the risk tends to 0.

(I am hopeful that you understand this but I am sure the unlimited scammer will have no fucking idea what I am talking about and will respond with a straw man fallacy, as usual).
In the end, yes, 0% house edge means that no one wins but when I say risky, I mostly mean that casino has many other expenses while player has none. 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.
If I were a casino owner, I probably wouldn't offer anything lower than 1% or would probably offer something like progressive house edge, just like moneypot.com does.
legendary
Activity: 1372
Merit: 2017
You don't operate a casino, so the chances of you being aware of all the mechanics are slim to none.

What I don't operate is a scam, which is what you do.

What you do not realize, is mostly, all gambling games, are player vs player in the backend. Some corps, just do need reveal this information.

How can you be so retarded?

You do not operate a casino, why speak about things you do not know?

What I don't do is operate a scam, unlike you.


Even cards on stake, is player vs player.

If you win too much, you will start losing, your money will go to other players.

I've told you before, retard, in PvP games there is a rake or a commission charged by the house. There can't be a HE because you don't play against the house, retard.

Likewise, I own a game. Entirely Player vs Player. No House Edge. But the edge is still there.

Well, with this I'm not going to answer you anymore because the level of retardation you have is god mode. You've been saying the whole conversation that in PvP games there is a HE, me telling you there isn't, and now you admit there is no House Edge?

Dumbass.
legendary
Activity: 1372
Merit: 2017
But as Poker Player say, the risk is the variance, make 100 bets, with 50% chance of winning, if most of them lose then double the bet, and that way you can win in the long run against the house.

Here you are describing the Martingale and it sounds like I have seen you in some thread also talking about this. It is basically a bad method because by doubling the bet you increase the risk exponentially to win only the initial bet on net.
legendary
Activity: 3346
Merit: 3125
0% house edge is risky, isn't it?

Ehhh...no.

What is the risk of 0% HE? Do you understand the concept? The only risk is the variance, but in the long run the risk tends to 0.

Risky for who? For the user or for the house?

The risk of 0 house edge for the site is the fact that they will not make a profit in the long run, is like trying to make money by flipping a coin, do a simulation with 10 million flips and you will see how it ends 50/50 or close to that number. Even if the event is random they follow a behavior.

But as Poker Player say, the risk is the variance, make 100 bets, with 50% chance of winning, if most of them lose then double the bet, and that way you can win in the long run against the house.
copper member
Activity: 98
Merit: 0
That's not correct.

In a game with 0 house edge, with other players, it is much easier to profit.

Are you going to give me lessons on gambling games vs. other players?

FYI in games of skill vs other players there is no such thing as House Edge.

0% house edge is risky, isn't it?

Ehhh...no.

What is the risk of 0% HE? Do you understand the concept? The only risk is the variance, but in the long run the risk tends to 0.

(I am hopeful that you understand this but I am sure the unlimited scammer will have no fucking idea what I am talking about and will respond with a straw man fallacy, as usual).


You don't operate a casino, so the chances of you being aware of all the mechanics are slim to none. What you do not realize, is mostly, all gambling games, are player vs player in the backend. Some corps, just do need reveal this information.

Quote
FYI in games of skill vs other players there is no such thing as House Edge.
Wrong, not true. Entirely Wrong

You do not operate a casino, why speak about things you do not know?

Even cards on stake, is player vs player.

If you win too much, you will start losing, your money will go to other players.

Likewise, I own a game. Entirely Player vs Player. No House Edge. But the edge is still there.

Right now I can go tell hundreds of players how to play.

How to beat the system..

What would you call this? If I am telling all my associates how to play the game in hopes of beating other players? (hint: It's a house edge)

In blackjack... If I was the dealer, and I told you all the cards in my hand.... Does that not give you an edge over other players ?

It works both ways... You are just not aware of all the mechanics surrounding this industry. And that is not your fault.

It is the casinos fault, because their aim is to get more players by luring you in with unrealistic rewards.  



As we can see Poker Player has not had great judgement in the past.

He has flagged, frauds, as legitimate at times. Who knows, how many users were affected by his/her faulty trust ratings.

His/Her word cannot be trusted.




legendary
Activity: 1372
Merit: 2017
That's not correct.

In a game with 0 house edge, with other players, it is much easier to profit.

Are you going to give me lessons on gambling games vs. other players?

FYI in games of skill vs other players there is no such thing as House Edge.

0% house edge is risky, isn't it?

Ehhh...no.

What is the risk of 0% HE? Do you understand the concept? The only risk is the variance, but in the long run the risk tends to 0.

(I am hopeful that you understand this but I am sure the unlimited scammer will have no fucking idea what I am talking about and will respond with a straw man fallacy, as usual).
copper member
Activity: 98
Merit: 0
The second graph was just to run a mock simulation to show how a house edge vs no house edge would affect a player's gambling session. You can see the house edge player approaching zero much more rapidly (should be self-explanatory as to why). If you're curious about the simulation parameters, I had a player start with 100 units, bet 1 unit per round on a random color, and have the game result be chosen randomly. You can see the code here if you'd like: https://pastebin.com/whdJNtG3

Well, you seem to be a reasonable person, unlike the other retard, but here I doubt if you are missing the point on purpose or what. The problem with the second graph is not that the one who plays a game with HE loses money. The problem is that the one who plays a game with 0 HE has profits. If the time scale is the same as the other line that graph should be equal to the initial balance, 100, at approximately the same time that the one who plays a game with HE loses his money and is left at 0.

In a game with 0 HE the long term tendency should be to stay with the initial balance, and not to have profits, as the blue line shows.




Yes i am not reasonable and will not be tolerating your stupidity, poker player.

Quote
In a game with 0 HE the long term tendency should be to stay with the initial balance, and not to have profits, as the blue line shows.

That's not correct.

In a game with 0 house edge, with other players, it is much easier to profit.

This is because a large percentage of your funds are not being siphoned off each bet.

I am extensively, getting on you Poker Player, because I have noticed your presence in the community, is... harmful to say the least.

You flag scams as trusted, and you flag trusted sources as scams.

Your opinion is irrelevant

You are not fit to engage in intellectual conversations until you handle whatever vices you have.


hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
Paying 2% one time at the swap one time is much different than paying a traditional house-edge on each bet.

You can easily see what I mean in these simulations below that display a user's balance over time with a 0% edge vs. a non-0% edge. In the non-0% case, the user's balance will always trend toward 0 for each **gambling session** they have. In the 0% edge case, the user should not lose or gain money no matter how long they play for - which will lead to longer and more enjoyable gambling sessions.

That being said, we view our token as software that enables us to facilitate this 0% edge in a trustless and transparent manner.
0% house edge is risky, isn't it? But since this casino operates since 2023, how would you rate your business's success with 0% house edge? Is it profitable?
0% house edge technically means that casino plays with its luck. Yes, as you said, over time user shouldn't win and shouldn't gain and you make money by that 2% convert fee but what if someone comes and luckily wins lots of money? Even with high house edges, there are moments when player luckily wins a lot but house edge compensates that by giving casino an advantage over player that mathematically guarantees them profit. Even if you tell me that 0% house edge mathematically guarantees casino that it won't lose money but won't gain too, I think that 2% convert fee is not enough to cover server and team's expanses.
copper member
Activity: 54
Merit: 4
The second graph was just to run a mock simulation to show how a house edge vs no house edge would affect a player's gambling session. You can see the house edge player approaching zero much more rapidly (should be self-explanatory as to why). If you're curious about the simulation parameters, I had a player start with 100 units, bet 1 unit per round on a random color, and have the game result be chosen randomly. You can see the code here if you'd like: https://pastebin.com/whdJNtG3

Well, you seem to be a reasonable person, unlike the other retard, but here I doubt if you are missing the point on purpose or what. The problem with the second graph is not that the one who plays a game with HE loses money. The problem is that the one who plays a game with 0 HE has profits. If the time scale is the same as the other line that graph should be equal to the initial balance, 100, at approximately the same time that the one who plays a game with HE loses his money and is left at 0.

In a game with 0 HE the long term tendency should be to stay with the initial balance, and not to have profits, as the blue line shows.

I know, my recent reply doesn't disagree with you Smiley

No house edge session should theoretically stay the same (1.00x). House edge session should theoretically go to 0. Simple Smiley
legendary
Activity: 1372
Merit: 2017
The second graph was just to run a mock simulation to show how a house edge vs no house edge would affect a player's gambling session. You can see the house edge player approaching zero much more rapidly (should be self-explanatory as to why). If you're curious about the simulation parameters, I had a player start with 100 units, bet 1 unit per round on a random color, and have the game result be chosen randomly. You can see the code here if you'd like: https://pastebin.com/whdJNtG3

Well, you seem to be a reasonable person, unlike the other retard, but here I doubt if you are missing the point on purpose or what. The problem with the second graph is not that the one who plays a game with HE loses money. The problem is that the one who plays a game with 0 HE has profits. If the time scale is the same as the other line that graph should be equal to the initial balance, 100, at approximately the same time that the one who plays a game with HE loses his money and is left at 0.

In a game with 0 HE the long term tendency should be to stay with the initial balance, and not to have profits, as the blue line shows.

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