Bitcoin Forum
September 17, 2019, 09:47:36 AM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 [41] 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 »
  Print  
Author Topic: MoneyPot.com :: The bitcoin gambling wallet  (Read 76771 times)
BigMac
Legendary
*
Offline Offline

Activity: 896
Merit: 1000



View Profile
October 08, 2015, 05:11:42 AM
 #801

The issue with BAB is that it's a volatile game, so it doesn't work too well with an atomic bankroll.

Sorry for a possibly dumb question, what does the "volatile" and "atomic" mean in this context?

Atomic means it's updated constantly (i.e., a dice site updates their bankroll after every single roll).
Volatile is in the sense that BAB will have massive up and down swings, but it's not atomic (rather than knowing how much is going to be lost on each roll, it's constantly changing. For example, what if there's 100 BTC invested, and someone makes a bet of 1 BTC and then uninvests his 50 BTC and wins 10?).

I see. So the current Moneypot system can only work with games that the bet result is known immediately, but not games like blackjack, right?

1568713656
Hero Member
*
Offline Offline

Posts: 1568713656

View Profile Personal Message (Offline)

Ignore
1568713656
Reply with quote  #2

1568713656
Report to moderator
1568713656
Hero Member
*
Offline Offline

Posts: 1568713656

View Profile Personal Message (Offline)

Ignore
1568713656
Reply with quote  #2

1568713656
Report to moderator
1568713656
Hero Member
*
Offline Offline

Posts: 1568713656

View Profile Personal Message (Offline)

Ignore
1568713656
Reply with quote  #2

1568713656
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
RHavar
Legendary
*
Offline Offline

Activity: 1778
Merit: 1409



View Profile
October 08, 2015, 05:19:32 AM
 #802

I see. So the current Moneypot system can only work with games that the bet result is known immediately, but not games like blackjack, right?

Pretty much. Otherwise investors could use the information from partially completed games to know to invest or divest. There's some clever things you can do to get around that, but it's not been done (and would require an infeasible amount of work, at this stage)
NLNico
Legendary
*
hacker
Offline Offline

Activity: 1876
Merit: 1248


DiceSites.com owner


View Profile WWW
October 08, 2015, 05:20:35 AM
 #803

In theory it is a somewhat possible by making the logic "if divest, keep investment till current games are finished, new games don't include divested amounts". There would be a bit of a problem of potentially offering a "too big max profit" on those "new games" that started while "current games" are not finished. But that shouldn't matter too much I think (it should be a small difference.) PRC did something like that when they had investor-backed BJ.


But I understand it's not the focus or priority atm and a lot of difficult work.

ranlo
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
October 08, 2015, 05:23:19 AM
 #804

In theory it is a somewhat possible by making the logic "if divest, keep investment till current games are finished, new games don't include divested amounts". There would be a bit of a problem of potentially offering a "too big max profit" on those "new games" that started while "current games" are not finished. But that shouldn't matter too much I think (it should be a small difference.) PRC did something like that when they had investor-backed BJ.


But I understand it's not the focus or priority atm and a lot of difficult work.

But how would you determine the amount? Let's say I have 100 BTC and that's 50% of the bankroll. I choose to divest, and the next game starts. Players lose 200 BTC. Did I just divest 100 of my 200 or all 200 of my 200?
NLNico
Legendary
*
hacker
Offline Offline

Activity: 1876
Merit: 1248


DiceSites.com owner


View Profile WWW
October 08, 2015, 05:32:37 AM
 #805

That sounds more like a UI issue? Could show like popup "Game still running.. will divest after current games are finished" then "We divested 100 BTC. You still have x invested". And in addition there could be a "divest all" button that just gets all after current games finished. Etc. Pretty sure that's all possible. Or you don't mean that?

RHavar
Legendary
*
Offline Offline

Activity: 1778
Merit: 1409



View Profile
October 08, 2015, 06:13:59 AM
 #806

That sounds more like a UI issue? Could show like popup "Game still running.. will divest after current games are finished" then "We divested 100 BTC. You still have x invested". And in addition there could be a "divest all" button that just gets all after current games finished. Etc. Pretty sure that's all possible. Or you don't mean that?

That'd work fine for a game like bustabit, but the more you generalize, the harder it gets. If a player gets disconnected say playing blackjack, they'd reasonably expect they can finish the game tomorrow, but that wait is a pretty hard sell for divestors.

Anyway, I think it's a solvable problem and have played with several ways to do it. But it's not something I foresee adding to MP any time soon Sad
kostya.ash
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
October 08, 2015, 06:18:20 AM
 #807

I Want to ask
if I invested my money, can i take my money back at any time ?

Yeah, you just own a stake in the bankroll which you can claim back at any time.
oh okay I will try to invest 0.1 btc, how much profit can I get per day ??
ranlo
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
October 08, 2015, 06:29:51 AM
 #808

That sounds more like a UI issue? Could show like popup "Game still running.. will divest after current games are finished" then "We divested 100 BTC. You still have x invested". And in addition there could be a "divest all" button that just gets all after current games finished. Etc. Pretty sure that's all possible. Or you don't mean that?

That'd work fine for a game like bustabit, but the more you generalize, the harder it gets. If a player gets disconnected say playing blackjack, they'd reasonably expect they can finish the game tomorrow, but that wait is a pretty hard sell for divestors.

Anyway, I think it's a solvable problem and have played with several ways to do it. But it's not something I foresee adding to MP any time soon Sad

Do you happen to have any other unique games you are planning to make? With BAB's success, I think you could really make something else unique that catches on.
BigMac
Legendary
*
Offline Offline

Activity: 896
Merit: 1000



View Profile
October 08, 2015, 06:38:20 AM
 #809

I Want to ask
if I invested my money, can i take my money back at any time ?

Yeah, you just own a stake in the bankroll which you can claim back at any time.
oh okay I will try to invest 0.1 btc, how much profit can I get per day ??

It varies a lot. If you happened to invest yesterday, you would actually get a loss as the total investor profit went from ~92 to ~88.

jonte
Member
**
Offline Offline

Activity: 86
Merit: 10


View Profile
October 08, 2015, 06:44:34 AM
Last edit: October 08, 2015, 07:00:34 AM by jonte
 #810

I Want to ask
if I invested my money, can i take my money back at any time ?

Yeah, you just own a stake in the bankroll which you can claim back at any time.
oh okay I will try to invest 0.1 btc, how much profit can I get per day ??

Here's a look at my daily profit over the last 6 days. It's obviously not an entirely accurate representation given the small amount of time I've had a stake in the site for. I also divested all of the funds before the majority of the losses occurred yesterday but then invested the funds back into the site after the worst of it was over. I'll post another snapshot when I have more data available.


knowhow
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
October 08, 2015, 10:12:36 PM
 #811

Well which feature is that one giving 0,03 btc daily income tell me more about those im interested on it ,need to know more about,seems interesting.
joksim299
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000


View Profile
October 08, 2015, 10:24:06 PM
 #812

Well which feature is that one giving 0,03 btc daily income tell me more about those im interested on it ,need to know more about,seems interesting.

There is no such feature.
One way to make 0.03 BTC daily is to create an app and get at least 6 BTC wagered per day.

kostya.ash
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
October 08, 2015, 11:28:32 PM
 #813

I Want to ask
if I invested my money, can i take my money back at any time ?

Yeah, you just own a stake in the bankroll which you can claim back at any time.
oh okay I will try to invest 0.1 btc, how much profit can I get per day ??

Here's a look at my daily profit over the last 6 days. It's obviously not an entirely accurate representation given the small amount of time I've had a stake in the site for. I also divested all of the funds before the majority of the losses occurred yesterday but then invested the funds back into the site after the worst of it was over. I'll post another snapshot when I have more data available.



well,
it turns out, my investments can be reduced as well?
i think again to invest  Roll Eyes
hua_hui
Legendary
*
Offline Offline

Activity: 1386
Merit: 1016



View Profile
October 08, 2015, 11:32:16 PM
 #814

I Want to ask
if I invested my money, can i take my money back at any time ?

Yeah, you just own a stake in the bankroll which you can claim back at any time.
oh okay I will try to invest 0.1 btc, how much profit can I get per day ??

Here's a look at my daily profit over the last 6 days. It's obviously not an entirely accurate representation given the small amount of time I've had a stake in the site for. I also divested all of the funds before the majority of the losses occurred yesterday but then invested the funds back into the site after the worst of it was over. I'll post another snapshot when I have more data available.



well,
it turns out, my investments can be reduced as well?
i think again to invest  Roll Eyes

i invest at the worst time now. keep going down for me non stop. lol.
BTCBinary
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
October 09, 2015, 12:02:58 AM
 #815

This is a very nice and useful app for gambler I might say. it really gives players a very nice gui to manage their stack.
Keep it comming.
dooglus
Legendary
*
Offline Offline

Activity: 2716
Merit: 1173



View Profile
October 09, 2015, 12:05:15 AM
 #816

We will consider the private bankroll of small bets as you stated as well. This is not ideal for attracting smaller bankroll players regardless

Why not? Players don't care which bankroll they're playing against so long as they can make the bets they want to make.

I know pokercoin.casino is going with a split-bankroll, so they can support dust bets (and get the money from it) and only forward us the larger bets. It's probably quite an elegant solution on this issue.

One problem I can see with it is that the server seed is going to be different for the two bankrolls isn't it?

You're going to have to present the player with two different seed hashes, one for if they bet to win over a threshold and the other for under it. Gamblers can be a suspicious lot, and having two different seeds, one for big bets and one for small could turn them off.

Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
ranlo
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
October 09, 2015, 12:20:20 AM
 #817

I Want to ask
if I invested my money, can i take my money back at any time ?

Yeah, you just own a stake in the bankroll which you can claim back at any time.
oh okay I will try to invest 0.1 btc, how much profit can I get per day ??

Here's a look at my daily profit over the last 6 days. It's obviously not an entirely accurate representation given the small amount of time I've had a stake in the site for. I also divested all of the funds before the majority of the losses occurred yesterday but then invested the funds back into the site after the worst of it was over. I'll post another snapshot when I have more data available.



well,
it turns out, my investments can be reduced as well?
i think again to invest  Roll Eyes

Uh, yeah. If it were risk-free, why would they allow investors? You're risking your money as part of the bankroll, in return for profit (if there is any). It's a simple relationship.
BetterBets.io
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


Betterbets.io Casino


View Profile WWW
October 09, 2015, 12:26:55 AM
 #818

We will consider the private bankroll of small bets as you stated as well. This is not ideal for attracting smaller bankroll players regardless

Why not? Players don't care which bankroll they're playing against so long as they can make the bets they want to make.

I know pokercoin.casino is going with a split-bankroll, so they can support dust bets (and get the money from it) and only forward us the larger bets. It's probably quite an elegant solution on this issue.

One problem I can see with it is that the server seed is going to be different for the two bankrolls isn't it?

You're going to have to present the player with two different seed hashes, one for if they bet to win over a threshold and the other for under it. Gamblers can be a suspicious lot, and having two different seeds, one for big bets and one for small could turn them off.

You answered the why not in your second response, 2 different seeds which makes it not ideal. RHavar agreed to hold off though on this so it is currently a non issue. As you probably can tell I was not fighting for casino income but rather inclusion of small bankroll players who only have satoshi's to bet.

    █ █
██████████
 ██      ██
 ██      ██
 █████████  ███
 ██      ██   ██
 ██      ██   ██
██████████ ████
    █ █       ██
              ██
     ██████████

[

███████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████
██████████████████▀█████▀███████▀█████▀██████▀████████████▀██████████████████
███████████████████████████▀█████████████▀█████████████████████████████████████
████████████████████▄▄▄▄▄████▀████▄▄▄▄▄████▀███▄▄▄▄▄▄▄▄▄███████████████████████
██████████████████████████▄████▀████████▄████▀█████████████████████████████████
████████████████████▀▀▀▀▀███▄████▀▀▀▀▀████▄████▀▀▀▀▀▀▀███▄▄████████████████████
██████████████████████████████▄█████████████▄██████████████████████████████████
██████████████████▄█████▄██████▄█████▄███████▄███████▄███████████████████████
█████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████████
Bitcoin and NXT Betting!!]    █ █
██████████
 ██      ██
 ██      ██
 █████████  ███
 ██      ██   ██
 ██      ██   ██
██████████ ████
    █ █       ██
              ██
     ██████████

ranlo
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
October 09, 2015, 12:43:34 AM
 #819

We will consider the private bankroll of small bets as you stated as well. This is not ideal for attracting smaller bankroll players regardless

Why not? Players don't care which bankroll they're playing against so long as they can make the bets they want to make.

I know pokercoin.casino is going with a split-bankroll, so they can support dust bets (and get the money from it) and only forward us the larger bets. It's probably quite an elegant solution on this issue.

One problem I can see with it is that the server seed is going to be different for the two bankrolls isn't it?

You're going to have to present the player with two different seed hashes, one for if they bet to win over a threshold and the other for under it. Gamblers can be a suspicious lot, and having two different seeds, one for big bets and one for small could turn them off.

You answered the why not in your second response, 2 different seeds which makes it not ideal. RHavar agreed to hold off though on this so it is currently a non issue. As you probably can tell I was not fighting for casino income but rather inclusion of small bankroll players who only have satoshi's to bet.

When/if it's implemented, are you planning to have your own investment bankroll players can invest in (for the micro bets)?
JackpotRacer
Legendary
*
Offline Offline

Activity: 1442
Merit: 1007


Racer and Lottery game are Closed


View Profile WWW
October 09, 2015, 12:47:27 AM
 #820


I know pokercoin.casino is going with a split-bankroll, so they can support dust bets (and get the money from it) and only forward us the larger bets. It's probably quite an elegant solution on this issue.

One problem I can see with it is that the server seed is going to be different for the two bankrolls isn't it?

You're going to have to present the player with two different seed hashes, one for if they bet to win over a threshold and the other for under it. Gamblers can be a suspicious lot, and having two different seeds, one for big bets and one for small could turn them off.

if you are right then it would be bad for the casino OP. so I hope you are wrong Smiley

do you think that there is maybe a solution for this problem? I am sure that if there is a solution for this problem then you will know it Smiley



Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 [41] 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!