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1  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
2  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:
3  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
4  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
5  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.
6  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
7  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.

8  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!
9  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
10  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!
11  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
12  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
13  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
14  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
15  Economy / Gambling / Re: Does anyone find the spate of online casinos a bit uninspired? on: February 03, 2024, 11:35:26 PM
A lot of them seem to be hastily assembled clone sites with very little effort put in and gimmicky marketing. Do you guys have any thoughts on this... plague?

We've noticed this trend as well. Is the last couple of years, many new crypto casinos simply just use 3rd-party casino software and focus heavily on marketing rather than product innovation.
At Monk we're taking a product-focused approach. We currently do not rely on external 3rd-party casino software and instead create all of our games and other platform features completely in-house. Even though we're still in our early stages, we have a lot of exiting things planned ahead!

Feel free to try us out with our Bitcointalk deposit welcome bonus (from our other thread) Smiley

DEPOSIT WELCOME BONUS

* NOTE: If this post reply is against the rules, let me know and I'll take it down
16  Economy / Gambling / Re: Monk.gg - PARLAY ON CRASH 🚀 | BITCOINTALK DEPOSIT BONUS | on: February 03, 2024, 09:04:53 PM
All of our withdrawals are instantly processed if a user has completed the level-1 & level-2 KYC requirements.
But my first withdrawal was processed instantly even though I'm not KYC verified on your casino. Anyway, I just found $3 (received from rain) on my account today after visiting Monk.gg. Now I'm getting this message whenever I'm trying to place the bets



Although the level 1 KYC is related to the basic information about a person, still I'm not satisfied with such system.

Unfortunately, due to our gambling license KYC is required on our platform. However, we use a trusted external KYC provider (Veriff) that makes the KYC process, quick and easy. It shouldn't take longer than a minute or so.
17  Economy / Gambling / Re: Monk.gg - PARLAY ON CRASH 🚀 | BITCOINTALK DEPOSIT BONUS | on: January 31, 2024, 05:06:44 PM
UPDATE: To celebrate the recent rollout of our bonus code system, we're giving out a deposit welcome bonus to the Bitcointalk community, enjoy!
The bonus is pretty attractive as it has only 10× wagering requirement. And I liked the system of allowing the user to complete the remaining wager with more deposits (if the user lose the initial deposit). I had tried the bonus and requested for a withdrawal after completing the wagering requirement. It was surprising that my withdrawal was processed instantly. Does Monk.gg process all the withdrawals instantly?

The parlay betting system of the crash game is quite interesting, but it is a bit risky. The max bet limit need to be increased. The UI of the crash and roulette games are also needed to be updated for the mobile users. It is annoying to scroll up and down to place each bets and wait for the result.

Yup, we specifically chose a bonus wager requirement for the Bitcointalk community that is low and obtainable. And I'm glad that you were able to claim, redeem, and withdraw your deposit bonus reward  Grin

All of our withdrawals are instantly processed if a user has completed the level-1 & level-2 KYC requirements. Completing KYC is very simple and straightforward and we work with a trusted 3rd-party KYC platform (Veriff).
18  Economy / Gambling / Re: Monk.gg - PARLAY ON CRASH 🚀 | BITCOINTALK DEPOSIT BONUS | on: January 29, 2024, 08:10:25 PM
UPDATE: To celebrate the recent rollout of our bonus code system, we're giving out a deposit welcome bonus to the Bitcointalk community, enjoy!

19  Economy / Gambling / Re: Monk.gg - Crypto's Homegrown PvP Casino on: December 15, 2023, 05:11:31 PM
your plan looks good, but when i looked and visited the monk.gg site and saw the game crash there were 0 players, why don't you prepare a bonus to get more users, promotion on the bitcointalk forum will also help you get more users there are many ways
We're currently working on a improved rewards system to reward our loyal players. Marketing with content creators and on the forum is also currently in the works
20  Economy / Gambling / Re: Monk.gg - Crypto's Homegrown PvP Casino on: December 12, 2023, 06:30:04 PM
hi you have an awesome PVP crypto casino site.. I guess it would be much better if you invested also in your Bitcointalk announcement thread. You can attract more potential users compare to text only site which is less more attractive.  Anyway I like the tipping feature in the website also Multi-crash game.

Having a nice ANN thread is a must but it is not enough to attract potential players because once players are attracted to the ANN thread, they will visit the site to find other attractive offers.
Currently there is not much offer in this site, the number of players seems to be low as well.
Maybe because the main focus is on its pvp mode games where players need to wait other players to play.
They have to provide more promotions/bonuses to attract players to play and stay as long as possible in the site.

We have features currently in the works that are designed to reward loyal and consistent players through rewards, bonuses, etc. And even if the player-base is low, players can still gamble against the house Smiley
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