Putting in a couple dollars to test out this site. It looks quite unique and fun, I am excited to try it out. The 3 confirmation thing is also a bit annoying for a small fast site like this. It should be 1.
It was 1 at first. Did you get your deposit without as soon as it received 3 confirmations? 9 confirmations and no credit Admin could you let me take a look at your deposit system? It is pure trash. I really hope your not using blockchain receive payment api I have a weird feeling that all deposits are manual..  and has full control on withdrawals (whether to give you a Server Error or an instant cashout) tho OP keeps complaining about blockchain.info API. Of course I could be wrong. |
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p.s. i still gamble as my life is pretty much done. i bet for pennies but it gives me that rush still. i just got to stop spending food money on gambling. gambling also helps me not think of my mother every second. it's a clusterfuck that makes little sense for sure haha
Justification?  Get over it. Quit internet.  There are better things to spend on than this. Get married? im afraid of having my own family as i will never trust myself around money. i do not want more people to suffer for my mistakes. but thank you again for the advice. right now im in deep depression from my mother. maybe some day i will think more clearly and put it all back together. Let your wife/partner/spouse(or someone else)* handle the finances?  *assuming that he/she is well.. a little conservative and loves to save. Most importantly, you are not supposed to repeat mistakes. Learn from it, mate, and get over it.  If you have good friends in RL, talk with them. It usually helps. If you don't, get some. And, srsly, quit internet completely (esp. gambling) and concentrate on RL for some period. For now, 1 month. |
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p.s. i still gamble as my life is pretty much done. i bet for pennies but it gives me that rush still. i just got to stop spending food money on gambling. gambling also helps me not think of my mother every second. it's a clusterfuck that makes little sense for sure haha
Justification? Get over it. Quit internet. There are better things to spend on than this. Get married? |
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any kids out there read this (bad grammar and all)...
Around early 2000 i found gambling online. At first i would just buy a giftcard and play at some online casino and if i lost it, that was that for awhile. Well... before i realized it i became a full blown addict. Our family had a shared bank account and it was normal for me to make it go in the negative. I hurt my family very badly. I always told myself i was trying to win money for the family to try and justify it. See, my mother was bed-ridden as she was always very sick so i wanted to buy her nice things so she would have something to do. however, again, that was trying to justify it.
Years went on and i never stopped. I put so much extra stress on my mother. She was already dealing with my "father" who was very mentally abusive. A real scumbag he was. I kept telling my mother i would quit and she believed me most of the time. She would always stick up for me when money went missing as when that happened my father had a real, real mean streak. She would take all the abuse for me, always.
About 1.5 years ago my mother was getting worse. She was in the hospital for about 5 months once. When she came back one of the first things i said to her was "can you fill out this id verification form for me, it's for a sportsbook as i have enough to cash out, i'm working on getting that kindle you wanted". Things were back to normal for those 3 days she was home. i was back to betting sports and ignoring everyone else. Well, on a Saturday morning i went down stairs to see if she needed anything and asking her to cover up some of my recent withdraws i took out of the bank. It was always about me, no one else. In a blink of an eye she told me she could not breathe and she passed away. Those were my last words to my mother, asking her to hide my spending. I called 911 and they revived her but her brain was dead. We had to pull the plug 11 days later. She was only 60.
Gambling ruined my life. I'm almost 40. I now live with my brother. I never will have a family of my own as i would do the same thing to my family. I still gamble. I play for literally pennies of bitcoin and i can not even afford that. I go days without eating so i have money to gamble with. No one talks to me in real life as why would they? i'm beyond a loser and i bet they think i would ask for money. I never stole or scammed etc. from once friends or online. No, i did something worse; i stole from my family. For the last very painful years of my mothers life she lived poor because of me.
I know this is hard to read due to grammar, sorry. Also, this is the internet so i expect to be judged or laughed at. That's fine. I made this post as on bitcoin talk there are a lot of naive kids. Maybe if some bother to read this it will maybe stop them from taken the path i had chosen.
That's it.
You need counselling. Trust me, it actually helps. Don't take it in the other sense as most do, it is just that you might need a gentle push to get over things, and addiction, be confident and move on. Google it. Getting addicted to anything is bad. For me, it is just fun. To spend my free time. I never bought a satoshi, so I am all good.  Quit internet for a month. Can you do it? From 12th August to 12th September. No nothing. And thank you for posting it here. |
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Beware!Newbie account with a suspicious login form asking for username, pw and email. Then nothing happens after registering. This has all the makings of a phishing page. "submit query" is the default name of a form submit button without a name and the page code is abysmal. If you entered your info, and you re-use passwords across multiple sites, I'd suggest you change them now. <br>Password: <input type="password" name="password" />
<br>Email: <input type="text" name="email" />
<br> <input type="submit">
</form> Confirmed, that it is quite likely that the owner can see all texts and password you enter. |
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Putting in a couple dollars to test out this site. It looks quite unique and fun, I am excited to try it out. The 3 confirmation thing is also a bit annoying for a small fast site like this. It should be 1.
It was 1 at first. Did you get your deposit without as soon as it received 3 confirmations? |
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1.1 BTCMotive is not to make any profit or anything. Just want to know how things work, and get some first hand experience. |
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USERNAME: ndnhc DATE JOINED : Sep 14th 2014 (forgot the previous username) WHAT I LIKE: Trusted, Stable, and Giveaways. Had no issues with using PD till now. Fair. and Responsible. |
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I dont play dice, not anymore, i believe blackjack or poker is way more fun and itīs not just a number appearing on the screen, there is also real strategy unlike dice which is based only on luck, playing dice would only lead to losing money
BJ has more edge, anyway. Playing BJ isn't a positive EV thing. And wait.. BJ and Poker doesn't need luck  Cards have numbers appearing on them too. Edit: I meant BJ in online bitcoin not in RL. I think that BJ in online bitcoin and RL is the same because many of that online site use the same rule like BJ in real casino. Some RL casino even have only 4 decks and in bitcoin casino some site has more than 6 decks and the house edge is still below 1 % so BJ has lower house then dice , both RL and online BJ Dice edges can be as low as 0.01% to 0.1%. Beat that. And no progressive jackpots and roll bounties for BJ. |
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What are the running costs ?
I'm running it at $0 upkeep/month. Free hosting without server functionality(not necessary unless you want to keep a database or make an API). Free cloudflare account. Domain name registration to be renewed yearly. You can continue running it the way I'm running it or you can consider changing things to suit your needs. Do I need to have any technical knowledge to run it? |
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We planned to came back today. But we have change of plans. We will be back with all features now and there will be offchain + on chain option to play. We have now very strong double spend detection and we are confidant to put again our bankroll in hot wallet.
But we will be back in September after we make offchain option also and when game is complete with other features as well.
No, you still shouldn't put your entire bankroll in the hot wallet. Have enough funds to cover normal and above average wins. But big wins can be manually processed, as other sites do. But give them the message that it will be processed manually or something in the tx part, so that they don't think somethign wrong happened. |
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The thread is too long to read, so does whatever OP says still hold true? or was it disproved (that seems unlikely)?
Nothing seems to have changed and it still requires a click to see the hash, and everything is vague.
I anyway, tried it with a small deposit and lost it, tho that doesn't mean anything..
IMO, 999dice is highly suspicious, and doesn't seem to be provably fair.
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I dont play dice, not anymore, i believe blackjack or poker is way more fun and itīs not just a number appearing on the screen, there is also real strategy unlike dice which is based only on luck, playing dice would only lead to losing money
BJ has more edge, anyway. Playing BJ isn't a positive EV thing. And wait.. BJ and Poker doesn't need luck Cards have numbers appearing on them too. Edit: I meant BJ in online bitcoin not in RL. |
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LOL, it is kind of funny. What if I start an app, with a max bet of 0.25 BTC (for say 1% edge), so I will be getting around 0.5% of every bet, and Moneypot will be getting the same, and the investors get nothing but bear all risks? Isn't that way too skewed |
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So, Moneypot's commission is not risk free Im not literally understand what do you mean by risk free but for me it is a risk free profit because the result of the bet doesnt matter . All that matters would be the wagered amount, assuming that it is a small wager than apps will get a commission from it and moneypot will take 50 % share from it but if it posing a risk to the investor which is at the max profit then apps wont get any commission and moneypot will not get any as well. Clearly this is risk free because moneypot and apps are not risking anything , bankroll is funded by investor and no matter if someone win a huge one then the one that will pay for it will be the investor Only on profits or both on profits and losses? BothBoth bolded are contradictory. Rephrasing it, If a player won 1 BTC, will Moneypot lose some commission or still make some commission? The app does. I don't know whether the Moneypot does. |
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QuantumDice9 said he earned 0.5 BTC to 0.6 BTC from the app. This is the info from https://www.moneypot.com/apps/85-qdicenet-quantum-diceBets 174,858
Wagered 140,458,391 bits
Bets Profit 582,925.75 bits (0.42%)
Expected Profit 1,030,136.48 bits (0.73%) Does the bet profit show what the investor's owned (after deducting commission) or total profit? Does the figure include Moneypot commisssion too? Weird.. |
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Both of that bet literally gives around 50 % of the edge to the apps owner . The first example got an edge of 0.8 % instead of 1 % and I just did the math that it gave around 50 % of the edge to apps owner ( more or less )
The investor gets all of it minus the comission for the apps and moneypot which is around 50 % of the edge to the investor and another 50 % to moneypot . Profit or lose doesnt affect the comission , assuming someone bet at 0.001 BTC at 2x multiplier and win it the investor will pay 0.001 + commission but if is a lost then the investor will get 0.001 BTC - commission back
Edited some again
Not almost but exactly everything assuming 10 BTC is the max profit which is not the case right now because of the more risk investor bear then the apps wont get any commission
Edited it back. I was right the first time. Read what you wrote (in bold). All the edge is taken (commission = edge), the EV is 0, so for small bets investor gets nothing. Hmm sorry I was wrong on this, It should be that moneypot takes 50 % of that is paid to the apps . I must have missunderstood it . will edit my post we do take a 50% share of all profit you make.
References : https://www.moneypot.com/faq#how-much-do-you-charge-Edit : edited mine and I abit typo there it should be around 50 % to the apps not investor  sorry for that So, Moneypot's commission is not risk free A theoretical 50% would mean a risk-free one, as you mentioned first. But the other one would mean a subject to risk kind of commission. Only on profits or both on profits and losses? IMO, FAQ is too vague. |
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Both of that bet literally gives around 50 % of the edge to the apps owner . The first example got an edge of 0.8 % instead of 1 % and I just did the math that it gave around 50 % of the edge to apps owner ( more or less )
The investor gets all of it minus the comission for the apps and moneypot which is around 50 % of the edge to the investor and another 50 % to moneypot . Profit or lose doesnt affect the comission , assuming someone bet at 0.001 BTC at 2x multiplier and win it the investor will pay 0.001 + commission but if is a lost then the investor will get 0.001 BTC - commission back
Edited some again
Not almost but exactly everything assuming 10 BTC is the max profit which is not the case right now because of the more risk investor bear then the apps wont get any commission
Edited it back. I was right the first time. Read what you wrote (in bold). All the edge is taken (commission (risk-free) = edge), the EV is 0, so for small bets investor gets nothing. |
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Okay. So for a 10BTC bet, the investor gets almost everything and for a 10000*0.001BTC bets, the investor gets almost nothing.
There is something wrong with this. At a higher risk assuming that a whale decided to bet at the max profit allowed at a site which is currently 3.03 BTC then the investor will get everything if the bet is lost . Everything is translated into a whole 3.03 BTC for the investor's profit without having to pay commission to the apps or moneypot At the smaller bet like 0.001 BTC , the investor will not get the whole 0.001 BTC assuming that the bet is lost because investor will need to pay the apps and moneypot for the bet so the profit will be 0.001 BTC - the commission for apps and moneypot tl;dr : each bet lost will go to investor just that some will have lower or none commission depending on what the investor are risking so it is not almost nothing P.S : the 3.03 BTC is assumed from the site uses the standard edge of 1 % Well, the commission is not dependent on win or lose as I understand. https://www.moneypot.com/bets/61529779Profit to player: +34,560.40 bits Advanced Investor Profit: -34832.7921714676 bits App Dev Profit: 163.435302880536 bits For this kind of bets: https://www.moneypot.com/bets/61529782 is the one in which app takes 50% of edge. Edited the quoted post. Re-edited. EV is 0 for small bets. It is plain math. Could be wrong, but don't confuse me, lol. |
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-snip-
I confirm that I had received the prizes as per stated for the 1st rank 0.1 BTC. Congratulations for the other winner as well especially ndnhc for the unexpected twist at the last moment . Good thing is that I managed to wager more then the others before the competition end but the sad thing is that I didnt hit the jackpot when I was playing which would be pretty nice amount if I hit one. P.S : Thankyou for jackpotracer for providing this awesome competition as well . Best of luck always Congratz to you too. I wasn't interested in chasing you. Made a 25k profit with that. Thanks for the prizes. Edit: Confirmed receipt of 50k. |
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