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Author Topic: MoneyPot.com :: The bitcoin gambling wallet  (Read 76771 times)
RHavar
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May 27, 2015, 08:36:30 PM
 #141

Everyone that created a gambling site under moneypot API and bankroll is creating a gambling sites with no risk at all because they got profit just by bringing in more players and even if the house is beaten then they will lose nothing at all either.

That's right, if a casino bring in players they will get guaranteed, risk-free profit. They do however, need to bring in players which is harder than it might sound =)

Investors have an expected profit, but it's far from risk free (it's more like, crazy risky).  But the have the luxury of not having to do much Tongue


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Question is, why do you created such thing ?

Dont get me wrong, I honestly said that this is a good thing. I mean is why risk this thing for other people to create a gambling website to get profit while you can use all the funds to make your own website and get all the profit for yourself?

Because we want to enable a whole set of new exciting bitcoin gambling games, done by people who are more front-end and UX experts, who don't need to worry about doing the "hard" backend. It's really win-win. And not only that, I think gamblers are going to see in the next 6 months a whole suite of new games from developers who previously wouldn't have been interested in bitcoin games =)
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May 27, 2015, 08:57:48 PM
 #142

Everyone that created a gambling site under moneypot API and bankroll is creating a gambling sites with no risk at all because they got profit just by bringing in more players and even if the house is beaten then they will lose nothing at all either.

That's right, if a casino bring in players they will get guaranteed, risk-free profit. They do however, need to bring in players which is harder than it might sound =)

Investors have an expected profit, but it's far from risk free (it's more like, crazy risky).  But the have the luxury of not having to do much Tongue

I see that betterbet have a raffle promotions . Does this promotions comes from their own expenses? or that moneypot has a part in it too?

Question is, why do you created such thing ?

Dont get me wrong, I honestly said that this is a good thing. I mean is why risk this thing for other people to create a gambling website to get profit while you can use all the funds to make your own website and get all the profit for yourself?

Because we want to enable a whole set of new exciting bitcoin gambling games, done by people who are more front-end and UX experts, who don't need to worry about doing the "hard" backend. It's really win-win. And not only that, I think gamblers are going to see in the next 6 months a whole suite of new games from developers who previously wouldn't have been interested in bitcoin games =)

So your target is a good developers that can make a great site without having to worry about the bankroll for the site. Any restrictions like how many dice game is allow for moneypot? it will be alot of dice game in the future if there is no restriction since it is the easiest to be coded
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May 27, 2015, 08:59:45 PM
 #143

I see that betterbet have a raffle promotions . Does this promotions comes from their own expenses? or that moneypot has a part in it too?

Raffle promotions and other bonuses/prizes we pay out come out of our own pockets.
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May 27, 2015, 09:16:16 PM
 #144

i love all feature in moneypot, but u should add more games, betterbets still the best.

if i generated 1 address i can use it many times? or only 1time?

coz every time i deposited i always generate new address
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May 27, 2015, 09:47:14 PM
 #145



I interested about investment on global moneypot, any detail info about this feature? I like to read it 1st before make any decision..
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May 27, 2015, 09:56:40 PM
 #146

I interested about investment on global moneypot, any detail info about this feature? I like to read it 1st before make any decision..

Our FAQ has a section on it. The short is, that it's extremely risky and there's no guarantees of profit. What ever you do put in there, there's a good chance you'll lose it, so never put more than you are ok with losing. However, in exchange for doing this, you do get +EV bets.


So your target is a good developers that can make a great site without having to worry about the bankroll for the site. Any restrictions like how many dice game is allow for moneypot? it will be alot of dice game in the future if there is no restriction since it is the easiest to be coded

No, definitely not. We don't want to be the gatekeepers of that sort of stuff. However, if you do create a boring site that no one plays, you're not going to make any money.


if i generated 1 address i can use it many times? or only 1time?

coz every time i deposited i always generate new address

You can deposit to the same address as many times as you like. However, we do continually generate new addresses, as it helps with privacy. In the receive tab in MP, you can see all the previous addresses that have been generated. However, if you like you keep reusing old addresses and they'll continue to work
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May 28, 2015, 05:13:41 AM
 #147

Hi Ryan what is betterbets.io max payout my friends and I may move larger btc sums over soon? Hoping at least 3-5 btc...

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May 28, 2015, 12:49:09 PM
 #148

@all

how do MP sites play, with bits, satoshi, MBTC or BTC? thanks
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May 28, 2015, 02:30:15 PM
 #149

@all

how do MP sites play, with bits, satoshi, MBTC or BTC? thanks

Hello Elm,

On Moneypot Bitcoin is displayed in BITS, on BetterBets.io it is shown in Satoshi/Bitcoin hope that helps Smiley

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elm
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May 28, 2015, 02:55:38 PM
 #150

@all

how do MP sites play, with bits, satoshi, MBTC or BTC? thanks

Hello Elm,

On Moneypot Bitcoin is displayed in BITS, on BetterBets.io it is shown in Satoshi/Bitcoin hope that helps Smiley

thanks for clarifying, good luck
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May 28, 2015, 03:43:59 PM
 #151

Hi Ryan what is betterbets.io max payout my friends and I may move larger btc sums over soon? Hoping at least 3-5 btc...

What is your MP username? I'm reluctant to further dilute the existing investors, unless the bankroll limits really are too low.

@all

how do MP sites play, with bits, satoshi, MBTC or BTC? thanks

MP itself actually stores everything internally in satoshis (and fractions there of) so it's up to sites to determine how to display it. Personally I prefer to get satoshis and divide it by 100, and call it bits. Other people prefer to divide by 100000000 and call it bitcoins. But it's really just the same thing, displayed in different ways.
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May 28, 2015, 04:17:43 PM
 #152

Hi Ryan what is betterbets.io max payout my friends and I may move larger btc sums over soon? Hoping at least 3-5 btc...

What is your MP username? I'm reluctant to further dilute the existing investors, unless the bankroll limits really are too low.

@all

how do MP sites play, with bits, satoshi, MBTC or BTC? thanks

MP itself actually stores everything internally in satoshis (and fractions there of) so it's up to sites to determine how to display it. Personally I prefer to get satoshis and divide it by 100, and call it bits. Other people prefer to divide by 100000000 and call it bitcoins. But it's really just the same thing, displayed in different ways.

thanks Ryan that point is cleared now Smiley

but regarding investors I dont understand your answer.  do you mean that MP is right now not interested in more
investors? if yes will it change as soon there are more games on MP?
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May 28, 2015, 04:22:18 PM
 #153

but regarding investors I dont understand your answer.  do you mean that MP is right now not interested in more
investors? if yes will it change as soon there are more games on MP?

We welcome more investors that understand the risks (and rewards) and choose to invest. I however was just saying that I personally don't want to put more money in (I already own around 100 of the bankroll), unless it was strictly required.  Smiley
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May 28, 2015, 05:13:49 PM
 #154

but regarding investors I dont understand your answer.  do you mean that MP is right now not interested in more
investors? if yes will it change as soon there are more games on MP?

We welcome more investors that understand the risks (and rewards) and choose to invest. I however was just saying that I personally don't want to put more money in (I already own around 100 of the bankroll), unless it was strictly required.  Smiley

 fair enough and sorry for the misunderstanding now I understand that you were talking about your own investment.
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May 28, 2015, 06:21:25 PM
 #155

So your target is a good developers that can make a great site without having to worry about the bankroll for the site. Any restrictions like how many dice game is allow for moneypot? it will be alot of dice game in the future if there is no restriction since it is the easiest to be coded

No, definitely not. We don't want to be the gatekeepers of that sort of stuff. However, if you do create a boring site that no one plays, you're not going to make any money.

Is there an indicator for moneypot to determine if a site is having some activity or not? I do think you wont keep most of the sites that doesnt make a decent profit/ get player activity since it will just a waste of resources?
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May 28, 2015, 06:53:43 PM
 #156

Is there an indicator for moneypot to determine if a site is having some activity or not? I do think you wont keep most of the sites that doesnt make a decent profit/ get player activity since it will just a waste of resources?

If a site isn't being used, it doesn't add any extra costs or load to us so it doesn't matter =) However, when there's more MP casinos we plan on showing a feature matrix of them, showing off the most popular ones
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May 29, 2015, 02:54:41 PM
 #157

Hello

whats happened on moneypot or bustabit?
got hacked? :/

RHavar
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May 29, 2015, 03:08:48 PM
 #158

Hello

whats happened on moneypot or bustabit?
got hacked? :/

Something involving a car crash breaking a fiber optic line.  It should have only affected bustabit gameserver for a couple hours, and there were no security implications =)
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May 31, 2015, 08:43:51 AM
 #159

Seems like you will get alot of advantage for being developer and use moneypot bankroll.

The split of profit is 50 50 . If I am a developer and bet at my own site for 1 btc and win, I will get 2 btc . If I lose 1 btc, then I will get back 0.5 since the split of profit is 50 50 isnt it? this is simple calculation assuming that there are no investor, of course after cutting with the investor profit I will still get back like 0.4 btc , so It is a plus point betting at my own site if I am the developer right?
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May 31, 2015, 09:52:47 AM
 #160

Seems like you will get alot of advantage for being developer and use moneypot bankroll.

The split of profit is 50 50 . If I am a developer and bet at my own site for 1 btc and win, I will get 2 btc . If I lose 1 btc, then I will get back 0.5 since the split of profit is 50 50 isnt it? this is simple calculation assuming that there are no investor, of course after cutting with the investor profit I will still get back like 0.4 btc , so It is a plus point betting at my own site if I am the developer right?

what if you will lose 10BTC and some other players at your site will win 10BTC. how much will you get back from MP? IMO 50% from house edge of 1% of turnover
and what if you win 10BTC and some other players will lose 10BTC. how much will you get from MP?
............
or will MP  hold the losing bets only and will decline the winning bets? I don't thinks so
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