Monk.gg - PARLAY ON CRASH 🚀 | 🏆 ROULETTE WAGER RACE LIVE 🏆 | - page 3.

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Quote from: monkgg on May 14, 2024, 11:52:35 AM

Quote from: unlimitedmoneygenerator on May 14, 2024, 07:24:43 AM

A users, funds are not always decreasing, there are moments when a gambler will win. The first graph dictates, the gambler is losing over and over again, without a single win. This is not accurate, as even on a bad day in casinos a gambler will win a couple of times.

There are losses but it's hard to tell based on the previous graph's scale. Here's a zoomed in version:

Yes this graph is accurate monk, for the usual experience gamblers have playing in a casino.

monkgg

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Quote from: unlimitedmoneygenerator on May 14, 2024, 07:24:43 AM

A users, funds are not always decreasing, there are moments when a gambler will win. The first graph dictates, the gambler is losing over and over again, without a single win. This is not accurate, as even on a bad day in casinos a gambler will win a couple of times.

There are losses but it's hard to tell based on the previous graph's scale. Here's a zoomed in version:

unlimitedmoneygenerator

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Quote from: Poker Player on May 13, 2024, 11:02:39 PM

Quote from: unlimitedmoneygenerator on May 13, 2024, 12:14:01 AM

Poker Player, obviously paying a one time fee versus a fee every iteration is cheaper. Use your common sense. You are just stubborn and do not want to adapt to new practices, that will improve your gambling experience.

Are you going to give me lessons, you fucking swindler? The questions I raise are legitimate. The 2% iteration on multiple bets would be worse than a one time fee (actually two) if we were talking about I can only bet with Bitcoin but if we are talking about a shitcoin or a shitcoin casino token like the many we have seen here, well you have to factor in the risk, quite likely, of the value decreasing.

And on the other hand the second graph is not true to reality and either the OP doesn't know it or is trying to mislead on purpose, I don't know which is worse.

By the way he has not responded to this and you had to come out. What is your relationship with this project?

I have no relationship to the project, you are just a dumbass poker player, and terrible for the gambling community. Your actions do not push the gambling community forward, you push the gambling community back. You even flagged my trust repu, when my tool is built to help increase gamblers profits and safety. 'Swindler' you say.

Likewise, who is holding a shitcoin for long once they receive profits?

I am not trying to give you lessons, I just notice the only thing you do is shitpost threads, that attempt to make the gambling community safer and more lucrative. Only because you do not understand it, or do not have the capability to rationalize the significance of the project.

Just stay in your place and keep playing poker, you are not fit to ask intellectual questions. Or go play the Unlimited Money Generator and shut the hell up already.

Likewise, it is not the second graph that is messed up, it is the first.

Even in normal casinos, with a house edge, every bet.

A users, funds are not always decreasing, there are moments when a gambler will win. The first graph dictates, the gambler is losing over and over again, without a single win. This is not accurate, as even on a bad day in casinos a gambler will win a couple of times.

monkgg

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Quote from: Poker Player on May 13, 2024, 11:02:39 PM

Quote from: unlimitedmoneygenerator on May 13, 2024, 12:14:01 AM

Poker Player, obviously paying a one time fee versus a fee every iteration is cheaper. Use your common sense. You are just stubborn and do not want to adapt to new practices, that will improve your gambling experience.

Are you going to give me lessons, you fucking swindler? The questions I raise are legitimate. The 2% iteration on multiple bets would be worse than a one time fee (actually two) if we were talking about I can only bet with Bitcoin but if we are talking about a shitcoin or a shitcoin casino token like the many we have seen here, well you have to factor in the risk, quite likely, of the value decreasing.

And on the other hand the second graph is not true to reality and either the OP doesn't know it or is trying to mislead on purpose, I don't know which is worse.

By the way he has not responded to this and you had to come out. What is your relationship with this project?

Not sure who unlimitedmoneygenerator is, he has no relation to this project.

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

Poker Player

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Quote from: unlimitedmoneygenerator on May 13, 2024, 12:14:01 AM

Poker Player, obviously paying a one time fee versus a fee every iteration is cheaper. Use your common sense. You are just stubborn and do not want to adapt to new practices, that will improve your gambling experience.

Are you going to give me lessons, you fucking swindler? The questions I raise are legitimate. The 2% iteration on multiple bets would be worse than a one time fee (actually two) if we were talking about I can only bet with Bitcoin but if we are talking about a shitcoin or a shitcoin casino token like the many we have seen here, well you have to factor in the risk, quite likely, of the value decreasing.

And on the other hand the second graph is not true to reality and either the OP doesn't know it or is trying to mislead on purpose, I don't know which is worse.

By the way he has not responded to this and you had to come out. What is your relationship with this project?

monkgg

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We just added a free daily faucet! All you have to do is complete KYC Level-2 verification (takes less than a minute!)

Check it out now - https://monk.gg

unlimitedmoneygenerator

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Quote from: Poker Player on May 12, 2024, 11:14:56 PM

Quote from: monkgg on May 11, 2024, 11:21:45 PM

Paying 2% one time at the swap one time is much different than paying a traditional house-edge on each bet.

I don't see that it is so different because to the 2% of the one time swap you have to add the risk of holding a shitcoin like that, which usually tends to 0.

Quote from: monkgg on May 11, 2024, 11:21:45 PM

The second image is illogical. The more bets the more the balance should be equal to the initial one and not a profit. If you are going to claim that this is the result of the simulation, you could put another one that shows losses or make the sample larger (the larger the sample, the more the final balance should tend to the initial one).

Poker Player, obviously paying a one time fee versus a fee every iteration is cheaper. Use your common sense. You are just stubborn and do not want to adapt to new practices, that will improve your gambling experience.

Poker Player

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Quote from: monkgg on May 11, 2024, 11:21:45 PM

Paying 2% one time at the swap one time is much different than paying a traditional house-edge on each bet.

I don't see that it is so different because to the 2% of the one time swap you have to add the risk of holding a shitcoin like that, which usually tends to 0.

Quote from: monkgg on May 11, 2024, 11:21:45 PM

The second image is illogical. The more bets the more the balance should be equal to the initial one and not a profit. If you are going to claim that this is the result of the simulation, you could put another one that shows losses or make the sample larger (the larger the sample, the more the final balance should tend to the initial one).

monkgg

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Quote from: Poker Player on May 11, 2024, 10:39:26 PM

Your 0% HE advertising, although technically true, is a way of beating around the bush. If to get that 0% I have to buy a shitcoin and for the swap they charge me 2%, I don't see what advantage that has over betting in a room that charges me 2% for betting in Bitcoin. I think that is another reason for the low traffic, that those of us who know the industry do not stop at the 0% headline and are not convinced by having to buy a shitcoin for which we are charged 2%.

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.

Poker Player

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Your 0% HE advertising, although technically true, is a way of beating around the bush. If to get that 0% I have to buy a shitcoin and for the swap they charge me 2%, I don't see what advantage that has over betting in a room that charges me 2% for betting in Bitcoin. I think that is another reason for the low traffic, that those of us who know the industry do not stop at the 0% headline and are not convinced by having to buy a shitcoin for which we are charged 2%.

monkgg

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We're excited to officially release our 0% house-edge games!

All bets made with $MONK for the following games have a 0% house-edge:
- Coinflip
- Roulette
- Jackpot

Rather than the house edge being applied per bet, it's only applied at the beginning and end of players gambling sessions in the form of a "swap tax" (2%). We hope that this will lead to more enjoyable, and profitable gambling sessions for our players.

Want to play with $MONK? Simply swap ETH (on Coinbase's Base network) for $MONK on Uniswap

monkgg

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Quote from: zenlaw on March 13, 2024, 05:36:56 PM

I am attempting to play the new Plinko game, I need L1 KYC for this? Shocked

Yup, but this should take less than a minute to fill out, and L2 KYC takes less than a minute as well.

Quote from: Bitinity on March 13, 2024, 07:02:30 PM

Quote from: monkgg on March 10, 2024, 02:50:18 PM

You can see the first 1,000x hit here - monk.gg/?plinkoReplay=676f12b3-b44c-4d70-a576-b9d290ad4f31

Having a replay for the plinko game is nice, there was only one site with this feature in the past but they removed it. Replay is good when we want to share the bet we made to others so others can watch how the ball bounced down to the multiplier. It seems that above win is the max allowed bet amount/max allowed profit per bet. Although you have small bankroll compared to most other casinos, I think you can start to have regular competition in your site with small reward. At least to make your players more attracted to play longer in your casino.

Thanks for the feedback! We plan on adding a replay system for all of our games

. Additionally, the replay that I linked of the 1,000x bet does not exceed the bet limits, for the max profit for a bet is $594.01 BTC and this bet was a $499.50 profit. But our bankroll is expected to grow in the near future.

Mahdirakib

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Quote from: monkgg on March 10, 2024, 02:50:18 PM

We just added our new "Plinko" game mode!

Why haven't you added the Plinko game icon on the homepage of your casino? Currently the users can only access it from the sidebar.

Quote from: zenlaw on March 13, 2024, 05:36:56 PM

I am attempting to play the new Plinko game, I need L1 KYC for this? Shocked

We aren't allowed to place bets on any games of Monk.gg without updating the level 1 KYC information. @OP, It will be fair to give the message "Please complete Level 1 KYC verification before proceeding" on the deposit page too. The message only appears now when I'm trying to a place bet.

redsun114

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Leading Crypto Sports Betting & Casino Platform

Quote from: Bitinity on March 13, 2024, 07:02:30 PM

Quote from: monkgg on March 10, 2024, 02:50:18 PM

You can see the first 1,000x hit here - monk.gg/?plinkoReplay=676f12b3-b44c-4d70-a576-b9d290ad4f31

Having a replay for the plinko game is nice, there was only one site with this feature in the past but they removed it. Replay is good when we want to share the bet we made to others so others can watch how the ball bounced down to the multiplier. It seems that above win is the max allowed bet amount/max allowed profit per bet. Although you have small bankroll compared to most other casinos, I think you can start to have regular competition in your site with small reward. At least to make your players more attracted to play longer in your casino.

What about if the Plinko game came from a gaming provider? Are replays not possible there too, just like on what we see on their slot games? But there is also a tool like screen recorder that we can use to capture our gameplay.

This casino here have a small bankroll so having a competition would be tough for them, and if they try to reduce the prize as much as possible, I'm afraid that people will not find it appealing anymore to participate. This is what they say that creating a casino business needs a good capital because this is one of the in-demand business, especially nowadays that being online is now more preferred by the people.

Bitinity

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Quote from: monkgg on March 10, 2024, 02:50:18 PM

You can see the first 1,000x hit here - monk.gg/?plinkoReplay=676f12b3-b44c-4d70-a576-b9d290ad4f31

Having a replay for the plinko game is nice, there was only one site with this feature in the past but they removed it. Replay is good when we want to share the bet we made to others so others can watch how the ball bounced down to the multiplier. It seems that above win is the max allowed bet amount/max allowed profit per bet. Although you have small bankroll compared to most other casinos, I think you can start to have regular competition in your site with small reward. At least to make your players more attracted to play longer in your casino.

zenlaw

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I am attempting to play the new Plinko game, I need L1 KYC for this? Shocked

monkgg

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Quote from: khaled0111 on March 10, 2024, 05:30:55 PM

Quote from: monkgg on March 10, 2024, 02:50:18 PM

We just added our new "Plinko" game mode!

Congrats on this nice addition!
I'm fan of Plinko games but after reading how the provably fair system works.. I found something that I didn't really like or maybe I didn't quite understand it!
On the "Fairness" page it says that a global server seed is generated every 24 hours and won't be revealed unless the 24 hours have passed. Why is that?
Why don't you generate a new seed for each session? The player can end the session any time he wants by requesting the seed to be revealed.
If I hit a long losing streak and start having doubts then I need to be able to verify the results immediately before I decide to continue playing. I don't want to have wait for up to 24 hours.

We can definitely change this in the future if it makes players feel more secure in their bets on our platform. We prioritize player safety and overall experience. However, our current fairness algorithm for plinko is provably fair and any bet can be verified to be fair in the future.

We appreciate the feedback, thanks!

khaled0111

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Quote from: monkgg on March 10, 2024, 02:50:18 PM

We just added our new "Plinko" game mode!

Congrats on this nice addition!
I'm fan of Plinko games but after reading how the provably fair system works.. I found something that I didn't really like or maybe I didn't quite understand it!
On the "Fairness" page it says that a global server seed is generated every 24 hours and won't be revealed unless the 24 hours have passed. Why is that?
Why don't you generate a new seed for each session? The player can end the session any time he wants by requesting the seed to be revealed.
If I hit a long losing streak and start having doubts then I need to be able to verify the results immediately before I decide to continue playing. I don't want to have wait for up to 24 hours.

monkgg

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We just added our new "Plinko" game mode!

Feel free to check it out over at monk.gg/plinko

You can see the first 1,000x hit here - monk.gg/?plinkoReplay=676f12b3-b44c-4d70-a576-b9d290ad4f31

monkgg

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Our new challenges update is live, check it out now!

Topic: Monk.gg - PARLAY ON CRASH 🚀 | 🏆 ROULETTE WAGER RACE LIVE 🏆 | - page 3. (Read 2043 times)