I rarely gamble at all, even if there's a house edge of 0.001%. My strong background in mathematics is more than enough to make me realize that every bet I make is another risk I take. If someone wants to take a high-risk, low-reward gamble, that's on them. Anyone who has ever bought an altcoin has done that,  . LOL. Btw, edge is just one of the variables that makes a player lose. Would you play had the edge been negative 0.1%? A player with a finite balance vs a house with infinite balance guarantees that the player lose. In real life cases, there is no "infinite balance", so they have this "max bet", though not that effective, makes player winning over the house difficult. In other words, player stops playing till his balance is wiped out.  |
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I would know however that I would receive any winnings that I *might* win because of money pot's proof of assets and proof of liabilities.  The app has complete control over your balance as long as they are in the app. There is a chance that you may not. |
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I rarely gamble at all, even if there's a house edge of 0.001%. My strong background in mathematics is more than enough to make me realize that every bet I make is another risk I take. If someone wants to take a high-risk, low-reward gamble, that's on them. Anyone who has ever bought an altcoin has done that, . Well, no one with reasonable sanity will be willing to play a 50% edge dice game, esp. considering that there EW <1% edge offering dice sites within reach. This is indeed unusual, and the app is clearly hoping for someone to fall into the trap. Encouraging this behavior will get some 100% edge apps soon. Are they misleading, though? That's a big question. If they're upfront, I see it being no different than a HYIP -- people can do as they wish. If they are claiming to have better odds, though, that's a problem.
If anyone wants to offer a 50% house edge, and users want to play a game where they're basically handing the casino money, I don't have a problem with it. But considering how highly unusual this is, I think they should take steps to make this extremely clear and explicit. Showing the winning chance is good, but many people aren't fully aware of how this translates to house edge There is a new app on moneypot, 'Masterdice' that has horrific odds and is basically trying to scam people.
I posted the following in their thread and it got INSTANTLY deleted, as it's a self-moderated thread:
Anyone betting on this site is a massive mark as the "expected profit" is 50%.
FIFTY PERCENT!!!
Seriously, just look at what you risk/win. If you bet @ 2x odds (1 to win 1), the chance is 24.5%. This site has probably the worst odds anywhere on the internet. STAY AWAY! (and pay attention before you bet)
Thanks for letting me know. I've posted on the thread, and temporary disabled API access for their app until they take some steps to be less misleading. I personally respect this decision. ^. It is indeed the responsibility of the player. Doesn't mean Moneypot shouldn't stop a possible exploitation of stupid players. |
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What about the rest? What about someone who doesn't read it? Those who have trouble with numbers?
Seriously? These people shouldn't be gambling, first of all, so they're irrelevant. If someone blindly throws their money at something, they deserve to lose it all. It's really that simple. And MasterDice "deserves" to profit from them?  I strongly agree, especially countering the concern about those who do not read.
It is the responsibility of the person gambling to understand the circumstances in which they will win and in which they will lose. If they do not then why would they even be making a specific bet in the first place?
And you were concerned about DD? I suggest both of you take a break, bet some 10 BTC each in Masterdice before you talk about this again. |
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Are they misleading, though? That's a big question. If they're upfront, I see it being no different than a HYIP -- people can do as they wish. If they are claiming to have better odds, though, that's a problem.
If anyone wants to offer a 50% house edge, and users want to play a game where they're basically handing the casino money, I don't have a problem with it. But considering how highly unusual this is, I think they should take steps to make this extremely clear and explicit. Showing the winning chance is good, but many people aren't fully aware of how this translates to house edge Based on the image above, I think it's pretty clear, really. Shows chance to win, as well as profit (most sites won't show profit from the roll). To me, that's a good enough sign. I don't see any trickery there. It is certainly clear for say around 90% of players. What about the rest? What about someone who doesn't read it? Those who have trouble with numbers? I'd say Moneypot should restrict maximum house edges of its apps to a reasonable level, so that players who trust MP are not exploited. On the other hand, there are apps that have customization options that lets a player play as long as the house edge is greater than a limit (so a player can play with 99% edge too). But that is a completely different case and is fine as long as the house edge is shown as in plinkopot, but hadn't been so with BB plinko. If MasterDice is allowed, soon there will be apps that say 0.50% winning chance for 2x. It might get even smart players confused till they make a roll. |
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Results are in! Congratulations! Winners will be paid very shortly to their Bustabit accounts. 1. Dexon - Entry2. Venusian - Entry3. BertBot - Entry4. Snailman - Entry5. tinafu - Entry6. Fish - Entry7. ndnhc - Entry8. btcdealer.nl - EntryI need Bustabit names from the following users, to credit their prizes: tinafu btcdealer.nl Thank you everybody for participating! We will be running more similar promotions soon . Congratz to the winners. 
Thanks, based on this, I've credited to peoples accounts:
1. Dexon: 0.1
2. Venusian: 0.05 BTC
3. BertBot: 0.04 BTC
4. Snailman: 0.03 BTC
5. ?
6. Fish: 0.02
7. ndnhc: 0.02
8. ?
Can you credit it to ndnhc1 instead? I haven't used the original account for a while, and doesn't seem to get my password right. Thanks |
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Just around 175 million rolls to go. Jump in if you hadn't already. |
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ndnhc - 9914df0d46e9069b5d7e8995abc6f7e70923975c3f8197554ac13bef3f3bbd6b - 6235
cparsley - 67ffce744c0fca184bb20a0ba79db67c5e588410012b15deade2e1221a2b7d39 - 6236
 Pretty sure I am not going to win this. Around 5.4k now. |
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There won't be any dotted line if the edit was within 10 minutes after posting.
I think you should move this to Beginners & Help and please change your title if you are doing so. Or else, your thread most probably will be hijacked by spammers.
Is this true statement? I thought every edit with no limitation to time shows up like this. it's true (just saying in case you don't believe MZ). and you can try it yourself by posting and editing a message multiple times before 10 minutes passed. Triple confirmed. (just saying in case you don't believe MZ AND Encrypted)* * I edited this post to add this part. See? Might need to move it to Beginners & Help board, as it is more appropriate place that Meta. K, that has been pointed out too.. |
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Thanks.
#WorstSituation #AbuseOfPower
Congratz. You do deserve it. |
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My vote on neutral trust. Come on, give him a chance to improve. There should be some difference between a position in which he had scammed OP, and refused to admit it, than this. |
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cannot get the credits.
please help?
I had this too. Only found out after some 10 mins that the deposit had went to an app and the deposit address was related to that particulr app. Go to your dashboard to check your balance. |
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I get a feeling that this is what happened?
This particular user created 3000 accounts claimed faucet auto, and withdrew the funds?
Don't tell me, you did require players to complete Captcha to claim faucet, right?
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I have a question each transaction will get an entry after we make a transaction or 1 entry per person?
i did not see any instruction about this so will you explain this?
It is one entry per person as given in OP. |
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I can't check where it is atm.  Temporarily disabled Sorry. Some asshole exploited this resource, so it's not available for the moment. Please check again later. |
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troubleshooting target: fountain (for abuse potential)exploit found: captcha bypass assuming 0 balancewith any of the three adblock extensions enabled, captcha is checked after simply clicking (no selecting images) so long as balance is 0 - this enables me to use autokey (autohotkey on windows) to continually through automated click-events, claim 500 satoshi and bet it at an absurd multiplier until i essentially steal 55k satoshi by recording a few mouse click events and retiring to the opium den until autokey alerts me that i've succeeded in ripping off your fountain.  (difficult to take a screen of something NOT happening, but all i have to do is click the human verification and it accepts as if i had completed a captcha, then allows me to claim) note that once the balance is over 0 the captcha modal window does appear and does not award additional coin upon completion. it simply allows for an automation scheme if the user bets all 500 satoshi at 1% odds / 99x multiplier. software tech specs: debian-ish linux running chromium/webkit-based browser using stock adblock plus extension out of chrome app store ok! - Lyco / user "harlequence" on magicaldice - Joshua Ryan Nydel - nydel at ma dot sdf dot org for mail That is with reCaptcha. That is completely not related to the site.  |
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how is closing investment feature even related to the minimum bet  It doesn't. If I understand galbros's post correctly, only his first line is to respond to nyktalgia1 (about min bet), and the rest of his post is to respond to the previous discussion in this thread about bankroll investment. And who knows why nyktalgia1 want to complain about the increase in min bet in this thread. hmm, yeah, I didn't take it that way lol. |
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He explained on 5 Aug. that he is doing this because he thinks it will make the site easier to sell. The new site owner can get a better sense of the site earnings, investors don't have to be cashed out all at once, whatever.
How would increasing minimum bet actually help Pretty sure that the part you quoted is actually talking about closing the investment feature, rather than increasing the min bet. Ok, in that case, how is closing investment feature even related to the minimum bet |
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He explained on 5 Aug. that he is doing this because he thinks it will make the site easier to sell. The new site owner can get a better sense of the site earnings, investors don't have to be cashed out all at once, whatever.
How would increasing minimum bet actually help |
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