Question about moneypot | Bitcointalksearch.org

Dogedigital

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Quote from: lclclc223 on April 19, 2016, 11:53:07 AM

Nah, when I move it from my moneypot raw account to investing

Are you referring to the 'Your Amount:' in the investment tab being off from what you originally invested? If this is the case, it's because it's actively being invested and we're accepting ~50 bets/second with differing amounts of volume wagered. This number will fluctuate frequently.

If the 'Your Investment history' tab is showing a difference between what you invested and what is shown there, please PM me your username and I'll take a closer look into it.

Thanks.

Dogedigital

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Quote from: lclclc223 on April 19, 2016, 10:57:28 AM

When I invest, the amount in the investment is less than the amount in the original wallet.

I think this may because of the transaction fee (~100 bits) that was paid to have the transaction processed by the blockchain. If you feel that this isn't the case, please shoot me a PM and I'll look into it further for you.

Dogedigital

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Quote from: lclclc223 on April 19, 2016, 09:56:49 AM

Thanks for taking that into consideration. Also, why is there a 0.01 bit fee for investors? I know it's insignificant but my OCD is wondering

I'm not aware of any .01 Bit fees for investors. Are you perhaps referring to a transaction fee for sending bitcoin?

Dogedigital

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Quote from: lclclc223 on April 19, 2016, 08:26:50 AM

Also for dogedigital: what about keeping the max win (for gamblers) or loss (for investors) based off of the investor profit? That way there will always be positive cumulative profit?

It's an idea that I'll bring to the table to discuss. Thank you for that.

User based referrals are not on the table right now. They're often abused and many people will break the policy of not being able to refer yourself.

Regarding sharp investor profit movement, currently there is no way to know exactly where it's coming from.

lclclc223

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Thanks! If doge is still reading this, could he say whether the investors profit number includes the 70% cut?

JackpotRacer

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All Games incl Racer and Lottery game are Closed

Quote from: lclclc223 on April 17, 2016, 11:27:41 PM

5) The kelly is not actually not that confusing. I think most investors would understand if you write that "based on a mathematical formula known as the kelly criterion, the most that an investor could lose on a bet with 1% house edge is 1%, the most that an investor could lose on a bet with 2% house edge is 2%, ect"

I really enjoined this discussion as a spectator but now I thought to jump in because OP is absolutely right with 5) that kelly criterion is actually not that confusing.

and thx to RHavar for trying to straighten out some very important points

fullypak

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Quote from: mobnepal on April 19, 2016, 03:23:17 AM

As i have also invested in moneypot wallet before i know few things regarding how those calculation works. Bankroll chabge with new investor and divest from old investor. You will only get profit or loss from the point of your invest onwards. Investors profit also get fluctuate with every win and loss of players in whole moneypot gambling platform. I know one ocassion where investor profit goes red suddenly from green as one of the player hit jackpot in plinko game. So only invest which you can afford to loss.

That is very true because any money investing on any casinos are high risky but there is a chance that one can get more profits, if they invest in it and same time they also can lose it fast. So if you want to be safer side then put your money in few good sites instead keeping all your invests in only one site. Investing in good gambling sites is better then gambling.

hua_hui

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Quote from: mobnepal on April 19, 2016, 03:23:17 AM

As i have also invested in moneypot wallet before i know few things regarding how those calculation works. Bankroll chabge with new investor and divest from old investor. You will only get profit or loss from the point of your invest onwards. Investors profit also get fluctuate with every win and loss of players in whole moneypot gambling platform. I know one ocassion where investor profit goes red suddenly from green as one of the player hit jackpot in plinko game. So only invest which you can afford to loss.

i also remember this. The win is super huge and it makes a super big dent in the investment stat. It also takes away 1/4 to 1/2 of the profits. And i still can remember we have a lengthy discussion about this bet.

lclclc223

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Does the investor profit tab under stats account for the 70% cut taken? Or is it just the net amount that the gamblers have lost?

lclclc223

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It's alright for now. Follow up question: so you said that investors are at risk of around 3x kelly. Right now the bankroll is 424,225,832.74, and assuming 1% is the house edge by the crazy gambler fellow who's losses helped boost my investment by around 10%, then even if they won, then the investors collectively would only lose around 3% of what we currently have, right?

lclclc223

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Nah, when I move it from my moneypot raw account to investing

lclclc223

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When I invest, the amount in the investment is less than the amount in the original wallet.

lclclc223

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Thanks for taking that into consideration. Also, why is there a 0.01 bit fee for investors? I know it's insignificant but my OCD is wondering

lclclc223

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Also for dogedigital: what about keeping the max win (for gamblers) or loss (for investors) based off of the investor profit? That way there will always be positive cumulative profit?

mobnepal

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As i have also invested in moneypot wallet before i know few things regarding how those calculation works. Bankroll chabge with new investor and divest from old investor. You will only get profit or loss from the point of your invest onwards. Investors profit also get fluctuate with every win and loss of players in whole moneypot gambling platform. I know one ocassion where investor profit goes red suddenly from green as one of the player hit jackpot in plinko game. So only invest which you can afford to loss.

hua_hui

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well, the moneypot is to provide the bankroll for the diff app. itself need not any advertisement so there is no need to have a referral system. however, you can consider finding some of the app that offer referral system to tap on it.

lclclc223

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Hey, this one's for doge: is there any way to find out, other than sheer luck, which person is causing the investor profit to rise at such a fast rate?

lclclc223

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Quote from: hua_hui on April 18, 2016, 11:32:32 PM

Quote from: lclclc223 on April 18, 2016, 11:16:03 PM

Fair enough, so what about the referral system?

when did moneypot have a referral system? it is kind of sad that i dont know about this when i have been using moneypot for a long time.

I meant they should make one

hua_hui

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Quote from: lclclc223 on April 18, 2016, 11:16:03 PM

Fair enough, so what about the referral system?

when did moneypot have a referral system? it is kind of sad that i dont know about this when i have been using moneypot for a long time.

lclclc223

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Fair enough, so what about the referral system?

Topic: Question about moneypot (Read 2209 times)