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1  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | PLINKO RACE LIVE | FREE DAILY FAUCET 💰 on: June 08, 2024, 01:49:39 PM

OUR PLINKO RACE IS LIVE - $3,000 IN BTC UP FOR GRABS!


PLAY NOW @ MONK.GG/PLINKO

2  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | FREE DAILY FAUCET 💰 on: May 31, 2024, 03:16:28 PM
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
There will be no fun of the game if they remove the zero/monk payout from the roulette. The real zero HE game can also be with the special zero/monk payout. However, the HE is approximately 0.1% for their roulette game with MONK currency. Contribution to the expected return amount for 1 to 7, 8 to 14 and special monk/zero is respectively (7 ÷ 15) × 2.14, (7 ÷ 15) × 2.14 and (1 ÷ 15) × 15.

• Total expected return is: (7 ÷ 15) × 2.14 + (7 ÷ 15) × 2.14 + (1 ÷ 15) × 15 = 2.99733
• So, the HE is: [1 - (2.99733 ÷ 3)] × 100% = 0.089%

The HE is 6.67% for a bit lower payout of all outcomes in other crypto. @monkgg, The HE isn't really 0% in MONK token for the roulette game. Have I missed anything on the calculation?
To have 0 house edge on red/black, the multiplier would have to be 15/7, or 2.142857... which we truncate to 2.14 since it's an irrational number. Soon we'll increase the floating point precision of this value to make it closer to 0% house edge.
To have 0 house edge on green, the multiplier is 15/1 = 15x, which we don't have to truncate and therefore all green bets will have an exactly 0% house edge.
3  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | FREE DAILY FAUCET 💰 on: May 30, 2024, 02:23:45 PM
Marketing wise, like Poker Player said, your 0% house edge approach with $MONK should attract people but $MONK's trading volume is super low. I checked it right now on Coingecko and 24H trading volume is $333.
While the trading volume is relatively low, players should easily be able to buy/sell Monk for ETH. The team has locked their liquidity tokens for the Monk/WETH liquidity pool which can be seen here - https://beta.uncx.network/lockers/univ2/chain/8453/address/0x568511ad0394bfe8683d787ee9508a14afd8ac89

So it is not a zero HE game. Real zero HE game would be without Zero/Monk

This is not true. Our roulette has a zero house edge. Instead of 2x on red/black we have 2.14. Instead of 14x on green we have 15x. This results in a 0% house edge.
4  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | FREE DAILY FAUCET 💰 on: May 29, 2024, 01:30:15 PM
If you play in the MONK currency, then the payout is on red or black with odds of 2.14, and on green Monk (zero) with odds of 15, and then the house edge is 0%.
If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%

Exactly Smiley

And for coinflip/jackpot PvP casino games (or PvH if you play against a bot in coinflip), then there is a 0% PvP fee for $MONK bets.
5  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | $3,000 RACE LIVE NOW | FREE DAILY FAUCET 💰 on: May 24, 2024, 03:01:12 PM
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


Hi ztec. Are you sure that your deposit did not go through? We can see the funds in your account and the transaction in your deposit history. We've also responded to your email. Let us know if there are any issues.
6  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | $3,000 RACE LIVE NOW | FREE DAILY FAUCET 💰 on: May 24, 2024, 07:20:42 AM
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.


7  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES on: May 15, 2024, 04:58:59 AM
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
8  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES on: May 14, 2024, 04:52:35 PM
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:
9  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES on: May 14, 2024, 05:58:56 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
10  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | FREE DAILY FAUCET 💰 on: May 14, 2024, 12:48:08 AM
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
11  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES on: May 12, 2024, 04:21:45 AM
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.
12  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES on: May 12, 2024, 02:38:35 AM
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
13  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - Crypto's Homegrown Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: March 15, 2024, 11:35:16 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.

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 Smiley. 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.

14  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - Crypto's Homegrown Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: March 12, 2024, 12:04:21 AM
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!
15  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - Crypto's Homegrown Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: March 10, 2024, 07:50:18 PM
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
16  Economy / Gambling / Re: ⭐ Monk.gg ⭐ - Unique Crypto Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: February 21, 2024, 09:43:32 PM
Our new challenges update is live, check it out now!
17  Economy / Gambling / Re: Monk.gg - PvP Crypto Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: February 15, 2024, 08:59:41 PM
Having limit seems less attractive for players especially who like to find casinos without limits so that they can bet big, but in a regular casino most of the players are not high rollers. Bigger players are fine for making profits but they take bigger too if they manage to win or somehow find something to win over the casino. We already saw some casinos who could not pay bigger wins and as a result they had to close their business. I think Monk.gg is doing well with these limits.
We want to ensure that user's funds are always accounted for, but in the future we will increase our limits to accommodate to higher rollers Smiley
18  Economy / Gambling / Re: Monk.gg - PvP Crypto Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: February 11, 2024, 06:34:02 PM
We actually have a different deposit bonus on Twitter (MONK2024), which requires a 20x wager to claim. This Bitcointalk deposit bonus only requires a 10x wager to claim Smiley
I think on your OP, you need to mention it so that Bitcointalk members feel special. It works when you do such things.

Thanks for the advice, our OP has been updated Smiley
19  Economy / Gambling / Re: Monk.gg - PvP Crypto Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: February 10, 2024, 05:01:06 PM
You have also offered the same deposit bonus for all other users on twitter. There are only difference between the promo code, the terms and limitations of the deposit bonus is same.
We actually have a different deposit bonus on Twitter (MONK2024), which requires a 20x wager to claim. This Bitcointalk deposit bonus only requires a 10x wager to claim Smiley

The primary reason for the low traffic is their max bet and max win limit. They have very low max win limit. I have noticed it for the first time when the game wasn't accepting my $40 bet (in LTC). This limit is also small for a gambler who plays with a small bankroll.
The bet limits are determined by the bankroll. This is set in place to ensure that we always have enough funds to pay out players. Our bankroll will be increased over time
20  Economy / Gambling / Re: Monk.gg - PvP Crypto Casino | 💰 BITCOINTALK DEPOSIT BONUS 💰 on: February 08, 2024, 09:34:16 PM
10x wagering is indeed not bad. for me, that is achievable also and with your good strategies, you can actually make your bankroll alive and earn more. let us see their next bonus or rewards to the community...because they already should be thinking on their next attraction, right?
10x wagering for this deposit bonus is very achievable and actually is in the player's favor. We did this exclusively for the Bitcointalk community Smiley

Maybe they don't have the plan to offer anything exclusive to the Bitcointalk gambling community.
We already have a Bitcointalk deposit welcome bonus, but we'll be offering more rewards exclusively to the Bitcointalk community in the future
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