MoneyPot.com :: The bitcoin gambling wallet

[RHavar]

haven't been on but that dosent mean i didn't notice the massive upgrade and app integergration. Pat yourself on the fucking back you deserved it  

thanks! Glad you like it

[1715394989]

1715394989

[1715394989]

1715394989

[RHavar]

To help clear up some confusion, here's a bit of an in-depth discussion of our privacy-oriented "cold address" feature:

https://blog.moneypot.com/cold-addresses/


(A real must, if depositing from services that don't allow gambling or you just want an additional layer of privacy)

[Altcoin4life]

To help clear up some confusion, here's a bit of an in-depth discussion of our privacy-oriented "cold address" feature:

https://blog.moneypot.com/cold-addresses/


(A real must, if depositing from services that don't allow gambling or you just want an additional layer of privacy)

Just another reason why using moneypot wallet for gambling is superior now I won't worry about coinbase getting all up in my business.  Great job RHavar

[JackpotRacer]

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

just for me to understand this scenario. masterdice had 50% HE and how was the split of % between MP and masterdice?

[ndnh]

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

just for me to understand this scenario. masterdice had 50% HE and how was the split of % between MP and masterdice?

App owner gets ~50% of House edge (or ~25% of the bet), moneypot gets ~50% of house edge. If the investor promotion is still going on, Moneypot gets nothing.

So while a normal app of 1% edge makes 0.5% of players bet, this app makes 25%. You see?

[JackpotRacer]

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.

Any site that has 50x worse odds than industry standard is obviously trying to mislead customers, yes.

thats not right IMO if the OP makes % HE fully clear to the customer. I am sure you know how many %
the state lotteries are paying out

[ndnh]

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.

Any site that has 50x worse odds than industry standard is obviously trying to mislead customers, yes.

thats not right IMO if the OP makes % HE fully clear to the customer. I am sure you know how many %
the state lotteries are paying out

lol, if you are going to increase your edge, you may lose your existing players.

You should lower the 1% edge contribution to some 0.1% and the edge from 1 to 0.9. So, a players EV sans jackpot is -1% and not the 2% currently.
Just my opinion.

[JackpotRacer]

On a more positive note, we've given out a total of 87.84 BTC in commissions to app developers! Keep it up!

Thanks!

=)

sounds really good but if you could give us the number of apps and time for this nice number it
could put this number in the right perspective.

[JackpotRacer]

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.

Any site that has 50x worse odds than industry standard is obviously trying to mislead customers, yes.

thats not right IMO if the OP makes % HE fully clear to the customer. I am sure you know how many %
the state lotteries are paying out

lol, if you are going to increase your edge, you may lose your existing players.

You should lower the 1% edge contribution to some 0.1% and the edge from 1 to 0.9. So, a players EV sans jackpot is -1% and not the 2% currently.
Just my opinion.

I also don't agree with you on your point of view. and it looks to me that you need to do the maths again.
every app owner and you could call them casino owner should offer his game as he likes and it is up to the player/customer to decide where to go to put his bet. it works like that in on or offline casinos.

[ndnh]

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.

Any site that has 50x worse odds than industry standard is obviously trying to mislead customers, yes.

thats not right IMO if the OP makes % HE fully clear to the customer. I am sure you know how many %
the state lotteries are paying out

lol, if you are going to increase your edge, you may lose your existing players.

You should lower the 1% edge contribution to some 0.1% and the edge from 1 to 0.9. So, a players EV sans jackpot is -1% and not the 2% currently.
Just my opinion.

I also don't agree with you on your point of view. and it looks to me that you need to do the maths again.
every app owner and you could call them casino owner should offer his game as he likes and it is up to the player/customer to decide where to go to put his bet. it works like that in on or offline casinos.

That was just an advice. You can make your app have a 100% edge. I personally have no problems with that. 

[JackpotRacer]

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.

Any site that has 50x worse odds than industry standard is obviously trying to mislead customers, yes.

thats not right IMO if the OP makes % HE fully clear to the customer. I am sure you know how many %
the state lotteries are paying out

lol, if you are going to increase your edge, you may lose your existing players.

You should lower the 1% edge contribution to some 0.1% and the edge from 1 to 0.9. So, a players EV sans jackpot is -1% and not the 2% currently.
Just my opinion.

I also don't agree with you on your point of view. and it looks to me that you need to do the maths again.
every app owner and you could call them casino owner should offer his game as he likes and it is up to the player/customer to decide where to go to put his bet. it works like that in on or offline casinos.

That was just an advice. You can make your app have a 100% edge. I personally have no problems with that. 

I took it as an advice but as a bad advice because it looks like that you don't know the maths.
IMO you as an app owner/partner should not give other app owners any advice here in this forum if at all. there is slack for app owner discussions.

we gave many +ev (player) promos that not many user took chance of because they are just not interested in any +ev (player) they just want to have fun and gamble. or why do you think they go to play plinko or on apps with more than 0.1% HE like quantum dice? quantum dice should be filled up with customers if one looks for low HE but it isn't full at all.

or take brian's roulette HE offer, there is no better offer on the net and it should be full but is it full of players? no.......

a casino needs to give promos and with MP right now it is very difficult to offer the right promos and hopefully it will change because MP has best chances to grow and give players best choice of games and different HE to chose from.

I think we should agree that each app owner should offer what he likes and if he asks for help
to try to help him as good as one can.

your partner for example asked for info through PM and I gave him the info but did he get back to say "thanks" ? no

best of luck wherever you put your coins

[ndnh]

I took it as an advice but as a bad advice because it looks like that you don't know the maths.

I know the math.  

IMO you as an app owner/partner should not give other app owners any advice here in this forum if at all. there is slack for app owner discussions.

I am not an app owner.  

we gave many +ev (player) promos that not many user took chance of because they are just not interested in any +ev (player) they just want to have fun and gamble. or why do you think they go to play plinko or on apps with more than 0.1% HE like quantum dice? quantum dice should be filled up with customers if one looks for low HE but it isn't full at all.

Guess what, I made a 1 billionth roll prediction contest with extreme +EV. Not that much turnout as I'd expect.

QuantumDice?
I did own 20% stake for some 4-5 days. I sold my share weeks ago.  
I never marketed for Qdice.net either.

or take brian's roulette HE offer, there is no better offer on the net and it should be full but is it full of players? no.......

Market is saturated in the forum. Thought you already knew that by now.

I think we should agree that each app owner should offer what he likes and if he asks for help
to try to help him as good as one can.

As long as you don't offer 50% edge without appropriate disclosure, that is quite fine.


Thanks
ndnhc

P.S. Was talking in the player's interest.
I am aware of the trouble you are taking to get players to your site. In fact, I know admins who have worked very hard. Been around since 2013. Promos won't help much.

[JackpotRacer]

I took it as an advice but as a bad advice because it looks like that you don't know the maths.

I know the math.  

I am not an app owner.  

QuantumDice?
I did own 20% stake for some 4-5 days. I sold my share weeks ago.  
I never marketed for Qdice.net either.

again I want to say that you don't know the maths and it is not something bad it just happens

and as you mentioned it now that you have been partner of quantum that means you were an app owner even only with 20%

[ndnh]

I took it as an advice but as a bad advice because it looks like that you don't know the maths.

I know the math.  

I am not an app owner.  

QuantumDice?
I did own 20% stake for some 4-5 days. I sold my share weeks ago.  
I never marketed for Qdice.net either.

again I want to say that you don't know the maths and it is not something bad it just happens

and as you mentioned it now that you have been partner of quantum that means you were an app owner even only with 20%

I am using present tense, mate. And you most certainly were.
For how long? 5 days? And what exactly did I do? It has absolutely nothing to do with this or anything I ever posted.

And what math are you even talking about? About House edge? I only simplified it. That is for the bets in the lower range. If you need the full explanation simply check a few pages back, where RHaver and NLNico explained every part. The same thing applies for a 50% house edge.
If you mean something else, kindly explain which part of this is wrong:

lol, if you are going to increase your edge, you may lose your existing players.

You should lower the 1% edge contribution to some 0.1% and the edge from 1 to 0.9. So, a players EV sans jackpot is -1% and not the 2% currently.
Just my opinion.

I just said what I wanted to say. When I used to bet, I didn't like the -2% EV ignoring jackpot. That is all it is.

[DiamondCardz]

As long as you don't offer 50% edge without appropriate disclosure, that is quite fine.

Meh, doing that instantly kills your site anyway once your thread and other threads get spammed up about you having such a ridiculously high house edge. I just hope there wasn't a poor sod who didn't notice the win chance being so low, though.

Maybe I should make a parody gambling website with a 99% house edge. Call it ShitDice.

[BetterBets.io]

As long as you don't offer 50% edge without appropriate disclosure, that is quite fine.

Meh, doing that instantly kills your site anyway once your thread and other threads get spammed up about you having such a ridiculously high house edge. I just hope there wasn't a poor sod who didn't notice the win chance being so low, though.

Maybe I should make a parody gambling website with a 99% house edge. Call it ShitDice.

Haha! Well I believe someone did play there but RHavar refunded them for lack of transparency on the site, pretty soon there may be a change to 'devs' for using Moneypot API as these untitled dice sites are getting ridiculous.

[ndnh]

As long as you don't offer 50% edge without appropriate disclosure, that is quite fine.

Meh, doing that instantly kills your site anyway once your thread and other threads get spammed up about you having such a ridiculously high house edge. I just hope there wasn't a poor sod who didn't notice the win chance being so low, though.

Maybe I should make a parody gambling website with a 99% house edge. Call it ShitDice.

LOL, I did consider that too.

But thought it might genuinely be concerning since may be some players will confuse 99% edge for 99% player return or something. And there is a risk, for 2x win I think it shows 0.5% which can be confused with 0.5 or 50%.

Tagline for DareDice: For those who dare to play.

[Patejl]

As long as you don't offer 50% edge without appropriate disclosure, that is quite fine.

Meh, doing that instantly kills your site anyway once your thread and other threads get spammed up about you having such a ridiculously high house edge. I just hope there wasn't a poor sod who didn't notice the win chance being so low, though.

Maybe I should make a parody gambling website with a 99% house edge. Call it ShitDice.

LOL, I did consider that too.

But thought it might genuinely be concerning since may be some players will confuse 99% edge for 99% player return or something. And there is a risk, for 2x win I think it shows 0.5% which can be confused with 0.5 or 50%.

Tagline for DareDice: For those who dare to play.

Umm guys just wanted to tell you, aren't you going a bit off-topic with the discussion, well I'm having fun reading upi your posts but maybe create another thread about this.

[arallmuus]

Just to enlighten this, for those that is unaware ( or maybe that Im just too late to post this ) , Luthic winning streak is back though

https://www.moneypot.com/users/luthic

Currently +27.8 BTC in dustdice and +5.6 BTC in roulette

aren't you going a bit off-topic with the discussion

Generally it is still on topic


Now this is off - topic

@ndnhc : pretty colourful sig there, nice !

[ndnh]

As long as you don't offer 50% edge without appropriate disclosure, that is quite fine.

Meh, doing that instantly kills your site anyway once your thread and other threads get spammed up about you having such a ridiculously high house edge. I just hope there wasn't a poor sod who didn't notice the win chance being so low, though.

Maybe I should make a parody gambling website with a 99% house edge. Call it ShitDice.

LOL, I did consider that too.

But thought it might genuinely be concerning since may be some players will confuse 99% edge for 99% player return or something. And there is a risk, for 2x win I think it shows 0.5% which can be confused with 0.5 or 50%.

Tagline for DareDice: For those who dare to play.

Umm guys just wanted to tell you, aren't you going a bit off-topic with the discussion, well I'm having fun reading upi your posts but maybe create another thread about this.

Nope. We are discussing Moneypot apps and their potential edges. (Not off-topic ) IMO, they should be limited to a maximum of 5% for bets below a certain limit say 5BTC or something.

Otherwise someone is going to create that app with a huge edge, and argue here.