MoneyPot.com :: The bitcoin gambling wallet

[arallmuus]

So clearly there are some "smart" investors coming for the promo.

This is expected to happen, after a huge loss of investor there will be a new investor to invest more hoping that those who win will keep on gamble and eventually lose it all. Variance may kick in for the investor and they were taking a huge dip for that however it is pretty much a gamble to begin with and now the gamble is sure to pay off for the investor who stays

I think this has more to do with the enourmous rise in volume. if this drops, money will be withdrawn

With this enormous rise in volume, people are hoping that who are gambling to lose therefore more profit for the investor. Another reasoning behind this would be that the sudden rise to +20 BTC profit in just a short time ( pretty much like a miracle ) after the huge lost. This is very tempting for those who wanted a quick profit thus investor pile in to hope that this "miracle" happen once again

[RHavar]

IIRC, the bankroll was a little bit over 300 btc 2 days ago before the "Special investor promotion" is implemented, but it is now 388 btc. So clearly there are some "smart" investors coming for the promo. It will be interesting to see how much bankroll will be gone when the promo is off.

Yeah, likely. There's nothing like fractional reserving going on, so people will always be free to withdraw their money when ever they want. And as investors do divest it does makes it more attractive for existing and new investors (in terms of both EV and stake) and should reach a healthy equilibrium. Right now our biggest win was something like only 1.6 BTC on a 1% house edge (which could be supported by a bankroll less than half the size), so I'd like to judge my success based on more gambler-focused metrics, rather than my ability collect superfluous liability.

[Monopoly]

 Hi,

 There is no interest rate , you invest as the bankroll for the moneypot gambling websites and in return you get what the gamblers of those sites lose or you lose what the gamblers of those sites win. You also pay house edge to ryan+app owner whatever the outcome is.

 Best Regards

 Miklagard

How much is the average of return ? Example just-dice is 0.25 % daily .......

Over the past 40 days, around -0.2% per day (loss of 0.2%) is the average based on personal records.

It's gone up as high as +5% in a day, but players have been winning a lot lately.

5% is so high you can trade on it ! i am trying it for somedays and got good result till now

[arallmuus]

5% is so high you can trade on it ! i am trying it for somedays and got good result till now

This is totally variance and not a guarantee that you will get as high as 5 % again. Few days ago investor suffer a huge lost instantly and afterward the investment is back to 20+ BTC now. Pretty much a roller coaster and very risky , this would be a personal warning for you to not expect for "profit" solely . You might get a good result until now but dont expect that it will last forever

To be honest, Investment in here is pretty much like a gamble itself which instead of gambling to win against the house , you are gambling against the player to lose and that means you could lose as well

P.S : it seems MP is undergoing emergency maintenance currently, wonder what cause it?

[TwinWinNerD]

@Monopoly you can trade everything. but there is no way you can longterm beat the expected value by strategically in/devesting. (Well you could if you can predict the future )

[RHavar]

P.S : it seems MP is undergoing emergency maintenance currently, wonder what cause it?

All done. Just fixing a potential data-corruption issue. I just used "emergency" to differentiate it from planned maintenance. And wasn't sure if falling back onto our slave machines would end up resulting in down-time or not, but everything seems to have gone perfectly.

[tommorisonwebdesign]

I have not heard of this wallet until now. It looks like a pretty interesting concept. I don't gamble that often but I do see it's advantages it would have for gamblers. Good product.

[TwinWinNerD]

Is it possible to add a statistic to the moneypot.com site, that shows the expected profit of the investors? (houseedge*investorsshare*wageramout)

[ranlo]

Is it possible to add a statistic to the moneypot.com site, that shows the expected profit of the investors? (houseedge*investorsshare*wageramout)

Even better would be some sort of table that just shows, for example:

08/15/15 | +2.93%
08/16/15 | -1.21%
08/17/15 | -0.39%

More or less, something to quickly and easily see the profit/loss per day in a % format. Or even weekly.

[TwinWinNerD]

Is it possible to add a statistic to the moneypot.com site, that shows the expected profit of the investors? (houseedge*investorsshare*wageramout)

Even better would be some sort of table that just shows, for example:

08/15/15 | +2.93%
08/16/15 | -1.21%
08/17/15 | -0.39%

More or less, something to quickly and easily see the profit/loss per day in a % format. Or even weekly.

This statistic you can track yourself already. The one I ask for is impossible (ok nearly impossible, one could monitor all apps) to track yourself.

[ranlo]

Is it possible to add a statistic to the moneypot.com site, that shows the expected profit of the investors? (houseedge*investorsshare*wageramout)

Even better would be some sort of table that just shows, for example:

08/15/15 | +2.93%
08/16/15 | -1.21%
08/17/15 | -0.39%

More or less, something to quickly and easily see the profit/loss per day in a % format. Or even weekly.

This statistic you can track yourself already. The one I ask for is impossible (ok nearly impossible, one could monitor all apps) to track yourself.

You can track yours yourself as well. I already do it. The amount fluctuates constantly, so you do it once per day. I figured we were just trying to lessen the burden on ourselves, .

[TwinWinNerD]

Is it possible to add a statistic to the moneypot.com site, that shows the expected profit of the investors? (houseedge*investorsshare*wageramout)

Even better would be some sort of table that just shows, for example:

08/15/15 | +2.93%
08/16/15 | -1.21%
08/17/15 | -0.39%

More or less, something to quickly and easily see the profit/loss per day in a % format. Or even weekly.

This statistic you can track yourself already. The one I ask for is impossible (ok nearly impossible, one could monitor all apps) to track yourself.

You can track yours yourself as well. I already do it. The amount fluctuates constantly, so you do it once per day. I figured we were just trying to lessen the burden on ourselves, .

I think you are talking about another stat as me. Do you know how investors houseedge is calculated? Thats rather complicated and you need to know every single bet basically + the HE of the app it originated.

[ranlo]

Is it possible to add a statistic to the moneypot.com site, that shows the expected profit of the investors? (houseedge*investorsshare*wageramout)

Even better would be some sort of table that just shows, for example:

08/15/15 | +2.93%
08/16/15 | -1.21%
08/17/15 | -0.39%

More or less, something to quickly and easily see the profit/loss per day in a % format. Or even weekly.

This statistic you can track yourself already. The one I ask for is impossible (ok nearly impossible, one could monitor all apps) to track yourself.

You can track yours yourself as well. I already do it. The amount fluctuates constantly, so you do it once per day. I figured we were just trying to lessen the burden on ourselves, .

I think you are talking about another stat as me. Do you know how investors houseedge is calculated? Thats rather complicated and you need to know every single bet basically + the HE of the app it originated.

Expected profit of the investors, I was assuming, would just mean "if I invested 3 BTC now, how much could I expect to get as a return over x period?" In that case, you would just extrapolate from the average of the x days you've been tracking return. So I guess we are on a different page here, :p.

[TwinWinNerD]

Expected profit is Wager amount * investors edge. But as the investors edge on moneypot is extremely variable, it can't be calculated with the "wagered amount" displayed on the site. Thats why I'd love to see it displayed.

Example: If the amount wagered goes up 100 BTC, it could mean +1 BTC expected value for investors, or close to +0 BTC expected value, depending on the composition of the bets that led to the 100 BTC wager.

[ranlo]

Expected profit is Wager amount * investors edge. But as the investors edge on moneypot is extremely variable, it can't be calculated with the "wagered amount" displayed on the site. Thats why I'd love to see it displayed.

Example: If the amount wagered goes up 100 BTC, it could mean +1 BTC expected value for investors, or close to +0 BTC expected value, depending on the composition of the bets that led to the 100 BTC wager.

Ahhh, so you mean like:


Bets   61,049,903
Wagered   10,398,319,818.69 bits
Bets Profit   95,132,383.84 bits (0.91%)
Expected Profit   92,179,703.39 bits (0.89%)

But showing the Expected Profit for all sites (on the main page, in the box with all the other information)? If so, I'm all for that.

[TwinWinNerD]

Expected profit is Wager amount * investors edge. But as the investors edge on moneypot is extremely variable, it can't be calculated with the "wagered amount" displayed on the site. Thats why I'd love to see it displayed.

Example: If the amount wagered goes up 100 BTC, it could mean +1 BTC expected value for investors, or close to +0 BTC expected value, depending on the composition of the bets that led to the 100 BTC wager.

Ahhh, so you mean like:


Bets   61,049,903
Wagered   10,398,319,818.69 bits
Bets Profit   95,132,383.84 bits (0.91%)
Expected Profit   92,179,703.39 bits (0.89%)

But showing the Expected Profit for all sites (on the main page, in the box with all the other information)? If so, I'm all for that.

This number is not right either. its the expected profit of -->  (APP dev + Moneypot + Investors)

[ranlo]

Expected profit is Wager amount * investors edge. But as the investors edge on moneypot is extremely variable, it can't be calculated with the "wagered amount" displayed on the site. Thats why I'd love to see it displayed.

Example: If the amount wagered goes up 100 BTC, it could mean +1 BTC expected value for investors, or close to +0 BTC expected value, depending on the composition of the bets that led to the 100 BTC wager.

Ahhh, so you mean like:


Bets   61,049,903
Wagered   10,398,319,818.69 bits
Bets Profit   95,132,383.84 bits (0.91%)
Expected Profit   92,179,703.39 bits (0.89%)

But showing the Expected Profit for all sites (on the main page, in the box with all the other information)? If so, I'm all for that.

This number is not right either. its the expected profit of -->  (APP dev + Moneypot + Investors)

Ahhhh, I think I follow now. So basically just encapsulate the investor profit from everything else for clarity purposes.

[TwinWinNerD]

Expected profit is Wager amount * investors edge. But as the investors edge on moneypot is extremely variable, it can't be calculated with the "wagered amount" displayed on the site. Thats why I'd love to see it displayed.

Example: If the amount wagered goes up 100 BTC, it could mean +1 BTC expected value for investors, or close to +0 BTC expected value, depending on the composition of the bets that led to the 100 BTC wager.

Ahhh, so you mean like:


Bets   61,049,903
Wagered   10,398,319,818.69 bits
Bets Profit   95,132,383.84 bits (0.91%)
Expected Profit   92,179,703.39 bits (0.89%)

But showing the Expected Profit for all sites (on the main page, in the box with all the other information)? If so, I'm all for that.

This number is not right either. its the expected profit of -->  (APP dev + Moneypot + Investors)

Ahhhh, I think I follow now. So basically just encapsulate the investor profit from everything else for clarity purposes.

Close the investors profit we already know! But the expected profit we don't know

[ranlo]

Expected profit is Wager amount * investors edge. But as the investors edge on moneypot is extremely variable, it can't be calculated with the "wagered amount" displayed on the site. Thats why I'd love to see it displayed.

Example: If the amount wagered goes up 100 BTC, it could mean +1 BTC expected value for investors, or close to +0 BTC expected value, depending on the composition of the bets that led to the 100 BTC wager.

Ahhh, so you mean like:


Bets   61,049,903
Wagered   10,398,319,818.69 bits
Bets Profit   95,132,383.84 bits (0.91%)
Expected Profit   92,179,703.39 bits (0.89%)

But showing the Expected Profit for all sites (on the main page, in the box with all the other information)? If so, I'm all for that.

This number is not right either. its the expected profit of -->  (APP dev + Moneypot + Investors)

Ahhhh, I think I follow now. So basically just encapsulate the investor profit from everything else for clarity purposes.

Close the investors profit we already know! But the expected profit we don't know

There we go, finally. "Expected profit" could mean future or past. I think that's what was catching me. You mean the expected profit of bets that have already been made. It kept clicking in my head as looking for expected profit going into the future. English, huh?

[TwinWinNerD]

In the mathematical sense: "Where would the profit be expected with the past bets right now?"

The other use is called "predicted profit" as in extrapolate past profits.