What is the EV for investments at Moneypot? I had thought it to be a little below 1% of wagered, but it seems to be wrong. AFAIK, it could be anywhere in a range. And with a 100% upper limit? What is the lower limit (for a bet to be accepted by Moneypot)?
It's a little involved, unfortunately, and there's no simple answer. Probably the best read is: https://www.moneypot.com/faq#what-is-the-investment-option-Basically any bet that is kelly-compliant is accepted by investors. Sometimes a house edge of 0.001% is all that's needed for that, or other times it could be 10%. Any bet that is not kelly-compliant from the investors perspective is rejected. Any bet that is exactly kelly-compliant, the investors take 100% of the risk and 100% of the rewards. If the bet is *better* than a kelly-complaint bet (from the investors perspective), MP arbitrages the difference and does a 50-50 profit share with the app. So from an investors point of view, the same bet with a 1% or 10% house edge would have the same amount of risk and reward (but the apps and MP are going to make a lot more from the 10% house edge bet). And if you had a whale who was max-betting each round on a 1% house edge site, the investors would have an EV of exactly 1% (and MP and apps would make 0). Thanks  I had read the FAQ already, but things got more clear now. Was just surprised to see some set a minimum 0.9% edge with possibly upto 100% edge (plinkopot and BB), while SharpDice offers 0.1% for smaller bets and also dice sites with fixed 1% edge. |
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What is "Your status is now active" meaning ? My account is closed ?
Where did you see that? I have played on dadice a couple of times, but I have never seen such message. On login page ...... i use faucet and just by playing rewards of faucet i won so many BTCs . maybe it's for that . No response from dadice !!!!!!!!!!!!!!!!!!!!!!!!!!!!! All of moderates and owners of it have so many negative points ! Very nice Hi, OP should be here soon. You are supposed to email the support (do it, if you hadn't already) with details. I don't think "your status is now active" means your account is closed.  Honestly, I didn't get anything you said. Can you provide a screenshot or something? And what exactly is the problem? You can't log in? ?? Thanks and sorry for the inconvenience. ndnhc |
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You got this totally wrong, first of all "luck" is definitely not a strategy. Everything in your life about "luck" and "risk" to begin with but that doesnt mean you can cross the street with your eyes close and hope you get lucky and no truck would hit you. This is totally an absurb thought
The same thing that when you are playing dice and try to win 10 BTC with 10 BTC bankroll as well . You cant expect to be "lucky" , close your eyes and hope for the best but instead with some "strategy" you could atleast try to win some or atleast limiting your loss instead of busting your whole 10BTC He probably meant whichever strategy you use the edge is the same 1%. So, getting lucky is certainly a preferable variable than any strategy.  Winning 1 BTC from 1 BTC has 49.5% odds. That is true whichever strategy you pick. All it can do is reduce the probability, but when someone makes like a 100,000 bets getting bust becomes very probable. Variable isnt strategy and this thread is merely discussing "strategy" though everything you use will eventually give you either profit or bust . I just find it funny that someone keep on using the words "lucky" as strategy because it is not , plus that everything is about "luck" and "risk" in our life but that does not mean that he can just "hope" for the best because he could be lucky today Some people prefer making tons of bet to get reduce the "probability" to bust which mathematically means higher chance to win but the difference is pretty much low on the other hand some people prefer to go higher / all in because the thrill of winning is higher rather than getting few satoshis with each of your bet  He just meant he just rely on luck and follows no particular strategy. (though he phrased it like that. For him following no strategy is a strategy, but for you it isn't. And both are certainly not wrong.) You can't compare that with RL situations, because you can influence what happens with your life. But you can't do that with this. Completely out of your control, and not predictable. Nothing wrong with hoping for the best, esp. if that is out of your control. Yeah. Depends on how he thinks. Technically, the longer one is costlier when you take the time lost, and other variables into account. It only delays everything - profits as well as getting bust.  |
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What is the EV for investments at Moneypot? I had thought it to be a little below 1% of wagered, but it seems to be wrong. AFAIK, it could be anywhere in a range.
It has a 100% upper limit (i.e. players can play a 100% edge game). What is the lower limit (for a bet to be accepted by Moneypot)? And what is the lowest EV for investment?
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it would be nice to see the table or something for the lotto, also does it count only the wagers from that day or is it all time wagers?
Well Sir there are actually four levels of Getting lotto with increasing amount first level is Shrimp with 0.01 wager .2nd level you will get on wager of 0.1 Which is called Big fish  And the third level is Shark who wagger more then 1btc and the last level is Whale the biggest of all with wager of 10+Amount of lotto by level - i,ve seen. 1st level : lottos round about 0.006 2nd level : more then 0.006 and under 0.011 3rd level : More then 0.011 under 0.022 4th level : More then 0.022 lower then 0.043 its all i know atm the values can be wrong so just go and bet wager more and more and come to chat you will know all Edit : Also it counts the wager per day. Not from the beginning . Also you can use Luckybit community to see your stats of 24h and so : http://luckybitfaucet.com/community/analyze/
I have betted more then 1+ btc and i got the max lotto like 0.022
i think 0.022 it is very nice lotto its awesome read this guys i,ve give the detail . Someone told me on the chat that there is a T-Rex and Godzilla too. |
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For players who are playing with bits and get used to it, I can definitely see how it works good for them (instead of messing around with decimals.) For bigger amounts "5,637,173,898.30 bits" is obv not so clear as "5,637 BTC" Making it bold seems nice solution though, although I am not sure if the 0000 solution might be confusing for some (but imo sounds clever solution too.) Another option would be to have tooltips on all amounts with the BTC amount? The problem was there only when I started with it. I had no idea how much 10k bits or 100k bits was in the beginning. Honestly, it is a little difficult when some stick to Bitcoins, some to mBTC and some to bits.. I only got used to bits after I got to using Moneypot. Edit: It is easy once you know that 1,000,000 bits = 1 BTC, lol. But the 10 bits thing is a little complicated. The current one is better. |
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Chances of winning decreases in a long run. There are many posted calculations / analyzations here about that.
Nope. Chances always remain the same. 49.5% for 1% edge. |
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I am wondering if there are other people like me who, uhm, don't like "bits" .. at all Option for "show as BTC" would be cool. Then again, I am currently not an active player nor investor, so no need to change it for me. Just curious if others share that opinion We do support bitcoins in the "send" dialog as often prices are still quoted in bitcoin, so this does makes things a lot easier. But in general, I'd like to stick with bits as much as possible. It's probably selection bias, but most of the users who get used to 'bits' seem to prefer it, and express frustration with the bitcoin unit. I would however consider making a "bitcoin helper" display. So 12,000,000 bits could show up as: " 12,000,00.00 bits" and 10 bits could render as "00001.00 bits" to help people eyeball the bitcoin conversion easily. I didn't get the 10 bits part. Anyway, why don't you add an option to switch between units? like bits, bitcoins, mBTC and satoshis, so that someone can pick the one he likes? Yeah, bits can be default if you prefer that. I am used to BTC unit, and okay with bits (after an initial confusion) now. |
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A little dice when I get bored.  Kind of tries out everything to be honest. |
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I have gambled with small sums in the beginning. Over time creed overcame and I wanted to win more . Eventually I was betting pretty high (to me at least) and lost around 0.8 bitcoin. After that I returned to low bets here and there and play for fun. That is strange. First case I have heard about "creed" being the culprit. |
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It is on beating the highest multiplier (not absolute amount) right? (with 0.0001+BTC)
If there are 10 winners, each of them will get the prize or just the top one?
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My "strategy" is, if i win, withdraw the deposit and continue play with the money win, if i lose my first deposit, stop to play and change site So technically you break-even or lose? Only strategy for gambling is lucky
You got this totally wrong, first of all "luck" is definitely not a strategy. Everything in your life about "luck" and "risk" to begin with but that doesnt mean you can cross the street with your eyes close and hope you get lucky and no truck would hit you. This is totally an absurb thought The same thing that when you are playing dice and try to win 10 BTC with 10 BTC bankroll as well . You cant expect to be "lucky" , close your eyes and hope for the best but instead with some "strategy" you could atleast try to win some or atleast limiting your loss instead of busting your whole 10 BTCThere is no strategy at dice sites by playing where the house edge exist. some people get lucky, its true.
but you should lose in the long run.
A strategy doesnt mean that something to help you win tons of BTC but it could be something to prevent you from busting in a split of seconds as you might want to limit some of your lost He probably meant whichever strategy you use the edge is the same 1%. So, getting lucky is certainly a preferable variable than any strategy. Winning 1 BTC from 1 BTC has 49.5% odds. That is true whichever strategy you pick. All it can do is reduce the probability, but when someone makes like a 100,000 bets getting bust becomes very probable. |
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Why the Bitcoin Talk Forum has failed to find the inventor of Bitcoin Satoshi Nakamoto?
We succeeded in keeping him anonymous. Any questions? What do you get by making him public anyway? He is probably safer this way. Edit: And the poll is quite ingenious! |
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If you need help but can't bear any advices, just lock this thread.
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I ran this strat for 14 hours straight It can gain profit as
[img ]https://i.imgur.com/MZSZ5CG.png[/img]
the pic shows but it's more for btc volumes at betterbets because they give these cashback payments based on volume. I started with 0.065 I made a little profit but on Sunday BB give me another 0.1 btc is guud
No strategy is foolproof. Though getting bust is seen as an unlikely event, making thousands of rolls making it very probable. Bottomline: Don't dice if you are looking for profits, do it for the fun. |
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Why APIs are Slow ?
i think API's are slow because dadice dev limit the connection.. it may cause bandwith problem if set too fast,, so rolling using the API's is the bad choice for now on dadice That would be understandable and acceptable, to a limit (like 1 bet/s per connection or ip, not 0.3 to 0.05 bets/s), EXCEPT that dadice_dev said that the api is limited to 2 bets/s. I've not heard of anyone that gets 2 bets/s using the api I get around 1 bet per second. Edit: without using any kind of bot or anything. |
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i found this bug there password filed is not encrypted so when i put my password it was visible to me, fix this bug and make it encrypted so is there any bounty to find this bug Hiding the password with dots doesn't really mean that the password is hashed.. http://xkcd.com/792/ |
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I know I've asked this before but this time I thought I'd add a BTC amount to make it interesting I'm not aware that there is any service out there that does this, certainly not one made public. Let me know if you can or might be able to! It's for my personal account. ? |
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From the looks of it, the tl;dr version is that the max payout/bet is very small.
Another question, being that this site is part of moneypot, do I need to trust that the owner of the site is not going to cheat investors if I were to invest, or would I only need to trust moneypot?
The payout is not "very small". It is good enough for most of the players at least. But you certainly can't win 100 BTC there in a single bet. But a few Bitcoins is certainly convered by the bankroll. You need a Moneypot account to play, and so you deposit to Moneypot. The funds are held by Moneypot, so you only have to trust them.However, from Moneypot, a player is to transfer a part of the balance to the app to play, and the app (plinkopot, here) will have control over that funds as long as it remains there. But the risk is still very low. In their own words: Casinos will only get access to the funds you deposit into them.
Done with a casino? Then withdraw the money back into your wallet or simply disable the casino. Reminder:
Any money you deposit into an app gives it full control over that balance.
When an app is enabled, you are allowing this app to access the money you deposit into it until you either disable the app or withdraw the app balance back into your Moneypot wallet. Edit: Sorry since you meant only investors. Moneypot has a global bankroll, so the investment is in Moneypot, and the Moneypot fully controls it. So you need to trust only Moneypot. |
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hey guys i have been asked on behalf of the owner to shed a little clarity on the situation. basically someone attacked the site. they were sending dbl spends and stole 20btc from the owner. very unfortunate that someone has to be this way. cant even try to run a business online without asshole trying to rob you. whether they be too lazy to start their own business, too poor, or just very greedy it happened.
im 100% sure that whomever the culprit is, is reading this, and i have a personal message for you. FUCK YOU YOU WORTHLESS PIECE OF SHIT. glad you felt the need to attack a small business.
i will see if the owner feels like disclosing the addresses the bets came from so maybe we can expose the dirtball.
for now the site will be back up monday with extended security measures. bets may be delayed so i apologize to the legitimate players if you find this happening to you. bet mins and maxs may be changed as the bankroll for the site will be smaller. as far as the campaign goes it will be suspended for now. i apologize to every member who was advertising for us, but we had to cut the campaign short. in the future we may reopen it, but for now we cannot afford the cost
Are you the owner of pachinko games website yahoo62278? seems like you're the owner of this website, but why you didn't admitted it? I'm so sorry to hear your 20btc lost stolen, wish the best for your business, it's funny games, i have played there and hit the 12x, back again and hit another 3x. So funny games really (if I win), rigged game (if i lost) hah No he isn't the owner. Well, I had seen a lot of transactions recently this week (secondstrade, LB, and many other on-chain sites I usually check). Whichever site that be, but most of the sites accept only 1 confirmation deposit. There was a lot of issues with delayed deposit, delayed withdrawal, etc. There was a double spend attack on secondstrade, and they switched to payout sent after one confirmation systema few months ago. I suggest you to do the same. Have a weird feeling that this is associated with blockchain going down. Does the site rely on blockchain.info for anything ?? |
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