Current most wagered contest standings.
"cakehorn";3
"chickenliver";1.612
"miningcontracts";1.454875
"ndnhc";1.402856
"jm123";0.35018
"Bjorn";0.26368
"deadlyunknown";0.226019
"wdornbach";0.061844
"Faku";0.059201
"spencertech";0.023501
"lottery248";0.019353
"ambitlons";0.010565
"Traxx";0.007092
"BMF";0.004535
"Ryan";0.004434
"panjul07";0.0044
"zafod";0.002119
"alvarobit";0.001181
"amiryaqot";0.00095
"marian2js";0.00072
"Melonie43";0.000357
"minerray";0.000268
"CoinLeaf";0.000225
"Brixx";0.000146
"bob1810";0.000119
"Creamy";2.5e-05
"biedoteks";2.4e-05
"huggy";1.8e-05
"TheQuicksilver";1.3e-05
"krunox123";1.1e-05
"Hexcoin";4e-06
"sirtoff";4e-06
"Danksta";4e-06
"di3el";4e-06
"dan";3e-06
"marliemae";2e-06
"Psychodelic";2e-06
Topic: PlinkoPot.com V2.0 BTC Plinko - <1% House Edge - Rewards - 999x Jackpot - page 14. (Read 16889 times)
August 05, 2015, 11:13:52 PM
August 05, 2015, 10:49:56 PM
From the looks of it, the tl;dr version is that the max payout/bet is very small.
Another question, being that this site is part of moneypot, do I need to trust that the owner of the site is not going to cheat investors if I were to invest, or would I only need to trust moneypot?
Another question, being that this site is part of moneypot, do I need to trust that the owner of the site is not going to cheat investors if I were to invest, or would I only need to trust moneypot?
The payout is not "very small". It is good enough for most of the players at least. But you certainly can't win 100BTC there in a single bet. But a few Bitcoins is certainly convered by the bankroll.
You need a Moneypot account to play, and so you deposit to Moneypot. The funds are held by Moneypot, so you only have to trust them.
However, from Moneypot, a player is to transfer a part of the balance to the app to play, and the app (plinkopot, here) will have control over that funds as long as it remains there. But the risk is still very low.
In their own words:
Quote
Casinos will only get access to the funds you deposit into them.
Done with a casino? Then withdraw the money back into your wallet or simply disable the casino.
Done with a casino? Then withdraw the money back into your wallet or simply disable the casino.
Quote
Reminder:
Any money you deposit into an app gives it full control over that balance.
When an app is enabled, you are allowing this app to access the money you deposit into it until you either disable the app or withdraw the app balance back into your Moneypot wallet.
Any money you deposit into an app gives it full control over that balance.
When an app is enabled, you are allowing this app to access the money you deposit into it until you either disable the app or withdraw the app balance back into your Moneypot wallet.
Edit: Sorry since you meant only investors.
Moneypot has a global bankroll, so the investment is in Moneypot, and the Moneypot fully controls it. So you need to trust only Moneypot.
August 05, 2015, 10:19:00 PM
This looks a lot like luckyb.it, but off chain, so the effective house edge is going to be lower because no tx fees need to be paid for each bet.
Out of curiosity, what is the max bet size that you allow?
Out of curiosity, what is the max bet size that you allow?
If you click "Payout Editor" on their site, it shows the estimated max bets (~1.4 BTC on green, 0.13 on yellow, 0.003 on red). Actually though, these are very conservative estimates (they seem to be based on the simplified kelly, not the generalized kelly that MP uses) especially in the red case but bets of those size should go through no problems.
I'll try put together a blog post with some code on the full generalized kelly (multi-outcome, like plinko) as it's pretty hard to come across any good information about it and for things like the max-payout it gets pretty interesting
Another question, being that this site is part of moneypot, do I need to trust that the owner of the site is not going to cheat investors if I were to invest, or would I only need to trust moneypot?
August 05, 2015, 09:24:58 AM
For anyone who is interested. We are running a signature campaign here: https://bitcointalksearch.org/topic/m.12039301
The rates are very competitive and there are a lot of weekly bonuses for wearing our avatar or posting to twitter.
The rates are very competitive and there are a lot of weekly bonuses for wearing our avatar or posting to twitter.
August 05, 2015, 12:27:29 AM
This looks a lot like luckyb.it, but off chain, so the effective house edge is going to be lower because no tx fees need to be paid for each bet.
Out of curiosity, what is the max bet size that you allow?
Out of curiosity, what is the max bet size that you allow?
If you click "Payout Editor" on their site, it shows the estimated max bets (~1.4 BTC on green, 0.13 on yellow, 0.003 on red). Actually though, these are very conservative estimates (they seem to be based on the simplified kelly, not the generalized kelly that MP uses) especially in the red case but bets of those size should go through no problems.
I'll try put together a blog post with some code on the full generalized kelly (multi-outcome, like plinko) as it's pretty hard to come across any good information about it and for things like the max-payout it gets pretty interesting
August 05, 2015, 12:24:09 AM
This looks a lot like luckyb.it, but off chain, so the effective house edge is going to be lower because no tx fees need to be paid for each bet.
Out of curiosity, what is the max bet size that you allow?
Out of curiosity, what is the max bet size that you allow?
The max bet is dependent on the moneypot bankroll at the time of the bet.
August 05, 2015, 12:21:08 AM
This looks a lot like luckyb.it, but off chain, so the effective house edge is going to be lower because no tx fees need to be paid for each bet.
Out of curiosity, what is the max bet size that you allow?
Out of curiosity, what is the max bet size that you allow?
AFAIK, it varies. However edge is lower even if the fee is ignored. 0.9%. But I think you can also play a 99% edge game if you like.
Quote
The max bet allowed on a row is determined by the row's highest payout and house edge
The max bets below are highly approximated and based off a Moneypot bankroll of 286,942,503.09 bits
The max bets below are highly approximated and based off a Moneypot bankroll of 286,942,503.09 bits
August 05, 2015, 12:11:40 AM
This looks a lot like luckyb.it, but off chain, so the effective house edge is going to be lower because no tx fees need to be paid for each bet.
Out of curiosity, what is the max bet size that you allow?
Out of curiosity, what is the max bet size that you allow?
August 04, 2015, 11:59:06 PM
Hey RMC<
removed negative trust, sorry for doubt i had of site
i did not understand how it works, but i thought you gain money either way from the investors on my pot.
apologies,
OWB
removed negative trust, sorry for doubt i had of site
i did not understand how it works, but i thought you gain money either way from the investors on my pot.
apologies,
OWB
Yep, the variance for red is high. If you want to win more times than losing though with a lower payout, it is green that you seek.
If you don't like the default one, pick one of the other options, or create one yourself. While creating one make sure the house edge is as low as possible.
(0.9% edge I think)I think the game allows any paylines with any edge greater than 0.9.
August 04, 2015, 11:25:51 PM
Hey RMC<
removed negative trust, sorry for doubt i had of site
i did not understand how it works, but i thought you gain money either way from the investors on my pot.
apologies,
OWB
removed negative trust, sorry for doubt i had of site
i did not understand how it works, but i thought you gain money either way from the investors on my pot.
apologies,
OWB
No problem. Confusion happens. In the future, to decrease huge variances, you can play on green or yellow.
August 04, 2015, 11:15:25 PM
Hey RMC<
removed negative trust, sorry for doubt i had of site
i did not understand how it works, but i thought you gain money either way from the investors on my pot.
apologies,
OWB
removed negative trust, sorry for doubt i had of site
i did not understand how it works, but i thought you gain money either way from the investors on my pot.
apologies,
OWB
August 04, 2015, 11:12:05 PM
You say its a one 1% house edge you fool, that implies that I win 99% of the time.
Actually, not quite. The best way to think of house edge is the average amount of MONEY (not bets) you'll lose, over a very big number of bets.
For better illustration, take a fair coin-toss. If you win, you'll double your money. If you lose, you'll lose it all. This has a house edge of 0%, yet you'll still lose 50% of the time. Or lets imagine a fair (normal) 6-sided dice. If you win, you get 6x your money, yet you'll still lose 83.33% of the time.
Or lets lets take a state lottery with a 20% house edge. You're not going to win the million-dollar jackpot 80% of the time.
I hope this makes, that there's no implied relationship between house edge and win probability. Also, I verified some of the bet payouts and they do indeed have the advertised house edge.
Thanks for the info Ryan
August 04, 2015, 11:05:14 PM
You say its a one 1% house edge you fool, that implies that I win 99% of the time.
Actually, not quite. The best way to think of house edge is the average amount of MONEY (not bets) you'll lose, over a very big number of bets.
For better illustration, take a fair coin-toss. If you win, you'll double your money. If you lose, you'll lose it all. This has a house edge of 0%, yet you'll still lose 50% of the time. Or lets imagine a fair (normal) 6-sided dice. If you win, you get 6x your money, yet you'll still lose 83.33% of the time.
Or lets lets take a state lottery with a 20% house edge. You're not going to win the million-dollar jackpot 80% of the time.
I hope this makes it clear that there's no implied relationship between house edge and win probability. Also, I verified some of the bet payouts and they do indeed have the advertised house edge.
August 04, 2015, 11:00:24 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
Check dis scam: http://gyazo.com/a411bd3655bf08dc18b7b3f841b9967c
Once again, calling my site a "scam" is irrelevant if you do not provide any proof of such accusations. I have facts, and math in place to back me up. All you have is a few losses. (not even a losing streak, so I'm not even sure what the complaint is because you refuse to provide any information that is backed by a single fact)
You say its a one 1% house edge you fool, that implies that I win 99% of the time.
No, actually it does not. Thank you for discrediting yourself. Assuming a Binary, equally probable option, it means you win 49.5% of the time. Considering this is NOT a binary option, The odds for the puck falling in the center are 19.6380615234375%, next to that 17.4560546875%, 12.21923828125%, 6.6650390625%, 2.777099609375%, 0.8544921875%, 0.18310546875%, 0.0244140625%, and 0.00152587890625% respectively.
House edge can then be calculated by giving a payout option a weight based on payout amount and probability.
August 04, 2015, 10:44:53 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
Check dis scam: http://gyazo.com/a411bd3655bf08dc18b7b3f841b9967c
Once again, calling my site a "scam" is irrelevant if you do not provide any proof of such accusations. I have facts, and math in place to back me up. All you have is a few losses. (not even a losing streak, so I'm not even sure what the complaint is because you refuse to provide any information that is backed by a single fact)
You say its a one 1% house edge you fool, that implies that I win 99% of the time.
August 04, 2015, 10:37:03 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
There is a custom payout editor.
Check this red one I just did: (0.9% edge only)
(Edit: No, you won't be winning 99.1% of the time.
Red = high risk = very high variance. like betting 999x on dice.)Play at your own risk.
https://www.plinkopot.com/?green=3+1.5+1.4+1.3+1.2+0.2+1.1+1.1+1.1+1.1+1.1+0.2+1.2+1.3+1.4+1.5+3&yellow=23+9+3+2+1.5+1.2+1.1+1+0.4+1+1.1+1.2+1.5+2+3+9+23&red=999+999+101+6.01+0+0+0+0+0+0+0+0+0+6.01+101+999+999
Why is 999x the highest multiplier?
August 04, 2015, 10:36:52 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
Check dis scam: http://gyazo.com/a411bd3655bf08dc18b7b3f841b9967c
Once again, calling my site a "scam" is irrelevant if you do not provide any proof of such accusations. I have facts, and math in place to back me up. All you have is a few losses. (not even a losing streak, so I'm not even sure what the complaint is because you refuse to provide any information that is backed by a single fact)
August 04, 2015, 10:29:41 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
999x payout isn't a big multiplier?
Is this game like the luckybit site one? or do you have any improvement?
I must say it has a very attractive design
I must say it has a very attractive design
Yes actually, a few improvements. The game is off chain, so you can bet quicker and even make many bets all at the same time. We are going to make quite a few improvements in a patch within the next month. I'll update here with what they are once we commit to them.
August 04, 2015, 10:26:27 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
Check dis scam: http://gyazo.com/a411bd3655bf08dc18b7b3f841b9967c
August 04, 2015, 10:07:22 PM
its hard for me to wager here when you only offer 3 lines of action and no really big multipliers. alomst an exact copy of luckybit green blue yellow lines.get something original next time
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