May be a competition on who lost more?  (That is effectively the same for LB (cost)) I want to join but Why i cant join here  Players from my country banned ? , im from indonesia  its working fine for me and im from indonesia maybe it happen because your internet connection is slow Addresses are actually public. Just google to find them.  Or check a transaction in recent bets to see where it went to. |
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So it all comes to: Did satoshi, his real account, use TC, his alt, as an escrow? |
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I think RHaver actually made all the points clear. I don't think I can explain in any more detail without confusing myself. Step 1: Read his post. Step 2: Check whether you understood. No? Go to Step 1. Edit: Of course if a whale bets very high, you could get 0%. That is why he said to limit the max bet at 0.5% of bankroll (so you get 50% of HE all scenarios). Simple. |
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once I received a formula to be sure that I (app owner) always will get about 0.47% = very near to 0.50% of the HE
the formula was 0.06% of the bank roll
bankroll today about 450 and 0.06% of 450 = 0.27
to get the almost 0.50% (0.47%) of the HE my max win allowance for the player should be 0.27
(IMO an app with this tiny max win allowance can forget all whales and even medium whales)
what would be the formula now after the big announcement? anyone can help out with the right multiplier so I (app owner) will have the 0.50% of the HE
thanks
0.06% => 0.5% So you get exactly 50% (nothing less) with 2.25 BTC max bet (0.5% of 450 BTC) Edit: For 1% house edge. |
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Just read all 3% as 1%, and all 1.5% as 0.5%.  really? how about to take 1% and translate those numbers to 1%? please try it and lets see with what you will come up? |
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thank you for trying to explain especially for me but I can assure you that most (if not all) of the app owners didn't understand the big announcement. as you already know that I like it kiss and eli5 I will try and go on asking this way till I understand this special announcement. please bear with me and thank you in advance for the patience you need to sacrifice what changed now for the app owners that was different before? and please I need the answer for app owner and not for MP or investors. so lets do it step by step my app has 1% HE like most of the app owners on MP. so lets take 1% and not 3% HE as an example before we had 0% when a whale came to our app and wagered max and imo the max bet for 0% income for the app owner was 1x Kelly of the BR (please correct me if I am wrong) what changed now in advantage for the app owner? how much will I get now instead of the 0% in case of a 1x Kelly max bet? lets see if we can make this point understandable to all the app owners then I will get to next question if needed thanks Just read all 3% as 1%, and all 1.5% as 0.5%. Thanks NLNico for taking the time to explain it. I'll try put it in different words for JackpotRacer. But let me prefix it with by saying for his case the new scheme is strictly better. There are no circumstances when he'll get paid less than before.
Bets can be put in three categories:
* Less than 0.5x kelly bets
In the binary-bet case (e.g. dice), this is when someone makes a bet trying to win less than half of the house edge of the bankroll. So with a 1% house edge, if the player is trying to win less than 0.5% of the bankroll.
* 0.5x to 1x kelly bets
In the binary-bet case (e.g. dice), this is when someone makes a bet trying to win between 0.5% and 1% the bankroll. So with a 1% house edge, if the player is trying to win between 1% and 0.5% of the bankroll.
* Greater than 1x kelly bets
In the binary-bet case (e.g. dice), this is when someone makes a bet trying to win between >1 of the bankroll. So with a 1% house edge, if the player is trying to win between >1% of the bankroll.
The commissions for placing each type of these bets vary:
* Less than 0.5x kelly bets
Apps get 50% of the house edge on every bet (regardless of outcome). This is paid by investors.
* 0.5 to 1x kelly bets
Apps get between 50% of the house edge, and 0% of the house edge. This is paid by investors in such a way that keeps them kelly-complaint. By default you can make this type of bet, but it has been requested to have an option in the admin panel to block them. As long as you don't offer a rakeback on these type of bets, accepting them is perfectly safe, though.
* >1 x kelly bets
Apps PAY investors to accept the bet. (Don't worry, you can't accidentally do this type of bet, it can only be done via a confidential app using an explicitly subsidy argument).
--
We think in general apps should restrict themselves to <= 0.5x kelly bets, where their earnings are very predictable: 50% of the house edge. For promotional purposes they might want to use the other sort of bets, or to satisfy whales, or sell magical bet tokens etc.
While at a glance the investor:app profit split might look worse for app developers, to be clear MoneyPot was taking a 50% profit split on app developers earnings, now it takes 0%! All commissions will be taken from investor profits instead.
This makes it strictly better for app developers, although the story for investors is a bit mixed. Most bets investors will now make more, but there are circumstances when they may make less.
Just make your max bet 0.5% of the bankroll if you want 50% HE in all cases. Done.  |
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my understanding of Ryan's announcement is and please correct me if I am wrong
1x Kelly is 1% of Bank Roll
half Kelly = 0.5% of Bank Roll
will app owner now get 50% of HE of each 1x Kelly bet of Bank Roll? if yes I ask why Ryan tell us
we recommend apps limit bets to a half kelly for predictable earnings
if my app has always a max of 1x Kelly and I get 50% of HE why should I reduce the max to half Kelly?
as you can see I am still confused and thank all of for your patience to deliver an explanation that all of us will understand (even me) When the bets get high enough, investors need an appropriate return for the risk they are taking. So, when it crosses the limit, but it does not meet the criterion, the commission is cut to compensate to make it meet the kelly criterion. It simply means, you get more % on big bets, but if the bet is big enough and since the investor is taking a higher risk, it will go lower. But I think, it is still higher than what devs used to get in the previous method. Predictable earnings means flat 50% off edge. For huge bets (a couple of bitcoins), you used to get around 1% before, but I think it should be much higher now. Based on my understanding of things. Thanks ndnhc |
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There are no investors. Ryan personally bankrolls Bustabit. Not MoneyPot.
I know Bustabit's bankroll is different. That was just a general term.  How do you know Ryan is a person and not an organization? How do you know that there are NO private investors? How do you know whether Ryan is the sole and only investor?  Because he's said it before, and stated he's not taking private investors already (I tried, :p). How do you know that he actually isn't taking it? How do you know whether he said that just to deny your offer? Do you know Ryan in RL? So how do you know whether he is actually the one and only investor? What if his brother wanted to invest too? What if he already is? Come on, I just said investors as a generalized term. Why argue on that? |
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There are no investors. Ryan personally bankrolls Bustabit. Not MoneyPot.
I know Bustabit's bankroll is different. That was just a general term. How do you know Ryan is a person and not an organization? How do you know that there are NO private investors? How do you know whether Ryan is the sole and only investor? |
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NEWS 39 BTC back to the investors. Phoking got carried away? I think I am not lucky enough today. When I saw people played, they could achieve 20x until 27x. But when I joined, it stopped at 2  . Still trying to make some profit Same here. I didnt understand how are they winning this? Is there some kind of method to play here? Its hard for me to get higher multiplier, always aim low but then Im losing too Just pure luck. There is a strategy to beat the house edge, but you might end up losing or winning, all on luck. Yeah, the chances for high multipliers are of course low, for x times, approx. 1/x chance. |
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Yeah, that estimate he posted goes against Ryan's idea that investors should benefit more on huge rolls than on small. I think something's off with it for that reason.
It is still applicable, but not to that extent. Both extremes kind of reduced, that is all. It is still around the same, but with significant changes. So: new rules are better for app owners compared to the old rules. But it seems worse based on stats, because MP gave extra commission to the app owners sometimes.
Correct. |
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As % of house edge. All are estimates. Small rolls Before: MP : Max 50%. Average 49% (estimate) Dev : Max 50%. Average 49% (estimate) Investor : 2% After: MP : 5%. Dev : max 50%. Investor : 45%. Big rolls Before: MP : 1% Dev : 1% Investor : 98% After: MP : 5% Dev : Max 50% Investor : Min 45%. Medium rolls Something in between. As per my understanding. |
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BIG UPDATE TO APP AND INVESTOR PROFIT SHARING
Apps will now get a constant 50% of the house edge, with investors continuing to take the risk. This means investors give the extra 50% of the house edge to apps. MoneyPot will no longer take a commission from apps, but now a 10% commission on all investor profit (but not on app-profit).
If apps place a bet that would put investors (after giving the commissions) at greater than 1x kelly risk the investors will give apps a reduced commission to limit themselves to a kelly. For this reason, we recommend apps limit bets to a half kelly for predictable earnings. If there is demand, we can create a setting in the admin panel for apps to reject any bet that exceeds this risk.
The 10% investor profit commission will kick in once the investor profits reach their previous high levels (~50 BTC). From then on, investors will pay a 10% fee on further profits, this will be deducted upon divestment, or on a monthly basis.
I think this is a very good move! Aye. How I see it: App devs get more. Moneypot gets less. Investors get hmm less or more. |
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@OP can you add an option for $18000? |
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the answer is of course "42"
It's like he said, the answer is 42. It always is. But, I got 43.. |
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I will buy a lot of Bitcoin. (It is on the way to $1T) |
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This thread needs a chart
Haha ha. Yep that would convince me. You ask for it, you get it.  |
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Hi, Auction is closed, and sale has just concluded. Da Dice is on transitional phase. Thank you ndnhc |
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@NLNico I wouldn't expect you to side with DD anyway. That is simply unfair. The motivation given by DaDice before my reply was " he used high multipliers" and " is against TOS". These are not acceptable arguments for banning and stealing from someone. I always give arguments when I say something and don't simply accuse sites or people without arguments. Still 3935 times is unclear to me. Did he use multiple accounts? IMO the faucet functionality is the problem. If he was able to get "too many times" (whatever that amount is?) faucet claims on 1 account, then the time limit should simply be bigger?! So if he was able to get it every minute, maybe put a limit of an hour? Etc. If he was never supposed to get "so many times faucet claims", then the system should be the one to control this. Seems fairly easy to me. If he tries to cheat it with multiple accounts, THEN I could agree he was wrong. Also curious in what timeframe these 3935 times was. Like I said, I could see "automated faucet claiming" as a fair argument against "farming", and in that case I think timeframe is relevant. Sorry for being early. Figured out I got some more time. Well, dev is the one who is taking actions on such matters, so it is not about multipliers or anything . He admits to using multi-accounts too: 90% of those claims were this spring, I also deposited > 5BTC into dadice on my various accounts, losing 1.76BTC on asdfgh alone.
stuff.
 @bsdunx you can argue with Da Dice. There are some people around here who is dying to do something to Da Dice. So, may be talk to them privately? Dev may not know when you made the faucet claims unless he went that deep, etc. So, though the chances are thin, you can still talk to DD guys for a good explanation. |
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One sec. Conversations from dev. @asdfgh redeemed faucet 3935 times total. He has had been playing against Faucet Farming policy described on site. Normally people come under review when they withdraw, since there are hundreds of people doing this everyday. Apart from that TOS clause 4.6 clearly explains our policy.4. Your Representations and Warranties 4.6 there is no obligation to honour withdrawal requests that are a result of faucet use only. even if he withdrew 0.001 instead of 10
he would be suspended like all othersEdit: that is from original source. I was assuming it was because of multiplier or something. It isn't. The system flagged his account for faucet abuse. @NLNico I wouldn't expect you to side with DD anyway. |
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