MoneyPot.com :: The bitcoin gambling wallet

[JackpotRacer]

hello all and especially the Moneypot Investors

we are opening our 3rd moneypot game app and offering a pre-opening " No Chance to lose Contest"
yes you can only win and you can't lose even one Satoshi.

we thought that it would be nice if some Investors would also participate and if you like it you could advertise our app and if you don't like it you don't need to advertise it.

just for info it is not a bug finder contest. it is for fun and introducing the new game app and it was very difficult for us to put the contest rules on paper.

the game app will be opened only after the contest ends. all participants will get shortly before the start the login credentials. the contest will start with a minimum of 10 registered user

here is the link to the main thread
https://bitcointalk.org/index.php?topic=1232514.msg12834483#msg12834483


here is the link to the "No Chance to lose Contest"
https://bitcointalk.org/index.php?topic=1232511.msg12834468#msg12834468

thank you for reading and I apologize for my bad english

Interesting game/contest! How does the house edge work with this? Also, there's a typo: you say players must deposit 5k bits, but at the end you also say you need 10k bits.

hello

thank you for the question and posting.

HE is rake of 1%

I would appreciate it if you could point me to the typo so I can correct it. the initial deposit for the contest is 5k bits and in case the user will lose it he will get full refund.
the other 5k bits (and yes together it is 10k bits) are used as a guarantee that the user who registered for the contest will participate.
as soon as 10 users registered we will pm all and ask to deposit 5k bits with JackpotRacer or any other trusted member if the users insist on it.
after we get 5k bits from the 10 registered user we are sure that we have 10 real contestants. now they need to deposit another 5k bits to start wagering. after they started wagering we will send to all the 5k bits guarantee back.

we don't want that 10 user will register and we open the contest and then we will have only 5 or 6 real wagering participants. I hope you understand my point.

we want to be sure that the contest we will have minimum 10 true participants and not some fake
registrations.

if I did express it the wrong way in thread I will correct.

[StratusOakmont]

A nice and fair site to gamble on money.. 

[ranlo]

hello all and especially the Moneypot Investors

we are opening our 3rd moneypot game app and offering a pre-opening " No Chance to lose Contest"
yes you can only win and you can't lose even one Satoshi.

we thought that it would be nice if some Investors would also participate and if you like it you could advertise our app and if you don't like it you don't need to advertise it.

just for info it is not a bug finder contest. it is for fun and introducing the new game app and it was very difficult for us to put the contest rules on paper.

the game app will be opened only after the contest ends. all participants will get shortly before the start the login credentials. the contest will start with a minimum of 10 registered user

here is the link to the main thread
https://bitcointalk.org/index.php?topic=1232514.msg12834483#msg12834483


here is the link to the "No Chance to lose Contest"
https://bitcointalk.org/index.php?topic=1232511.msg12834468#msg12834468

thank you for reading and I apologize for my bad english

Interesting game/contest! How does the house edge work with this? Also, there's a typo: you say players must deposit 5k bits, but at the end you also say you need 10k bits.

hello

thank you for the question and posting.

HE is rake of 1%

I would appreciate it if you could point me to the typo so I can correct it. the initial deposit for the contest is 5k bits and in case the user will lose it he will get full refund.
the other 5k bits (and yes together it is 10k bits) are used as a guarantee that the user who registered for the contest will participate.
as soon as 10 users registered we will pm all and ask to deposit 5k bits with JackpotRacer or any other trusted member if the users insist on it.
after we get 5k bits from the 10 registered user we are sure that we have 10 real contestants. now they need to deposit another 5k bits to start wagering. after they started wagering we will send to all the 5k bits guarantee back.

we don't want that 10 user will register and we open the contest and then we will have only 5 or 6 real wagering participants. I hope you understand my point.

we want to be sure that the contest we will have minimum 10 true participants and not some fake
registrations.

if I did express it the wrong way in thread I will correct.

Ahhh, I get it now. So the first 5k is like a placeholder fee that's returned.

[JackpotRacer]

hello all and especially the Moneypot Investors

we are opening our 3rd moneypot game app and offering a pre-opening " No Chance to lose Contest"
yes you can only win and you can't lose even one Satoshi.

we thought that it would be nice if some Investors would also participate and if you like it you could advertise our app and if you don't like it you don't need to advertise it.

just for info it is not a bug finder contest. it is for fun and introducing the new game app and it was very difficult for us to put the contest rules on paper.

the game app will be opened only after the contest ends. all participants will get shortly before the start the login credentials. the contest will start with a minimum of 10 registered user

here is the link to the main thread
https://bitcointalk.org/index.php?topic=1232514.msg12834483#msg12834483


here is the link to the "No Chance to lose Contest"
https://bitcointalk.org/index.php?topic=1232511.msg12834468#msg12834468

thank you for reading and I apologize for my bad english

Interesting game/contest! How does the house edge work with this? Also, there's a typo: you say players must deposit 5k bits, but at the end you also say you need 10k bits.

hello

thank you for the question and posting.

HE is rake of 1%

I would appreciate it if you could point me to the typo so I can correct it. the initial deposit for the contest is 5k bits and in case the user will lose it he will get full refund.
the other 5k bits (and yes together it is 10k bits) are used as a guarantee that the user who registered for the contest will participate.
as soon as 10 users registered we will pm all and ask to deposit 5k bits with JackpotRacer or any other trusted member if the users insist on it.
after we get 5k bits from the 10 registered user we are sure that we have 10 real contestants. now they need to deposit another 5k bits to start wagering. after they started wagering we will send to all the 5k bits guarantee back.

we don't want that 10 user will register and we open the contest and then we will have only 5 or 6 real wagering participants. I hope you understand my point.

we want to be sure that the contest we will have minimum 10 true participants and not some fake
registrations.

if I did express it the wrong way in thread I will correct.

Ahhh, I get it now. So the first 5k is like a placeholder fee that's returned.

exactly! and the other 5k bits (initial deposit for the contest) are also refunded in case a participant will lose it. therefore the name "no chance to lose contest"

at the end of the contest:
user can win 1st or 2nd prize or has profit and can keep it or will lose the 5k bits and get the refund

thank you

[Sir_lagsalot]

Moneypot is a great system. One recommendation is to be able to change the default currencies, like from bits to satoshi/BTC.

[KnightTrader]

A little bit of off topic what came to my mind from other topic there.

By my opinion small house edge can be also good for investors, not only because it attract players from other than moneypot sites, but also because it cuts down commission to site operators who use small house edge.

Just a note.

[JackpotRacer]

A little bit of off topic what came to my mind from other topic there.

By my opinion small house edge can be also good for investors, not only because it attract players from other than moneypot sites, but also because it cuts down commission to site operators who use small house edge.

Just a note.

hmmm if it cuts down site operator commission it will cut down also investors commission or what did I miss?

thank you

[KnightTrader]

A little bit of off topic what came to my mind from other topic there.

By my opinion small house edge can be also good for investors, not only because it attract players from other than moneypot sites, but also because it cuts down commission to site operators who use small house edge.

Just a note.

hmmm if it cuts down site operator commission it will cut down also investors commission or what did I miss?

thank you

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

[dooglus]

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

[jt byte]

I used moneypot in the past and was performing good.
It did the job what i was looking for, deposited and withdrawed money from it.
Haven't used it for gambling ever, the commision was the tx fee nothing more or less.

[KnightTrader]

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

By what I have looked from statistics from 1-2 weeks ago that 5% of the house edge maybe looks like correct.

[actmyname]

I did a small test and managed to get ~14% gain from investing at Moneypot over 21 days. It's not bad, but of course, we have to hope that players don't profit too much

[KnightTrader]

Commission is same to site operator even so player win or lose bet and it is payed of bankroll by what I know.

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

By what I have looked from statistics from 1-2 weeks ago that 5% of the house edge maybe looks like correct.

I think that is also good for operators who live in countries what have national monopoly in gambling or some other regulations. So, that is not basically gambling for operators if got flat commission.

[Decoded]

I like the idea of a gambling wallet. It gets rid of handling multiple site wallets, which always puts me off, having to remember how much fine you have where.

Good luck on your site, hope you get more sites connected to yours!

[RHavar]

I've noticed there's been a problem in some of the support form delivery  (remind me to never use email system for support again), and a few support tickets have been undelivered. If you were trying to get in contact with me, could you please resubmit the ticket =)

[RHavar]

https://www.moneypot.com/apps/497-investdice

is on a rampage through investor profits! Players have outperformed the expected 12 BTC loss, by winning 17 BTC!

[RHavar]

Did the commission structure change again recently?

Last I heard, MP took 5% of the house edge from each bet, but according to the FAQ MP takes 10% of net profits. I don't remember reading about another change. Maybe the FAQ is wrong?

The FAQ is right, but I'm currently waiving the 10%-net-profit fee at the moment. Once it comes back, it'll use a new high-water mark, and only commissions on profits on that will be charged.

(Originally divesting would reset the profit/loss stats, but as cowbay pointed out that discourages investors from gambling to win back their money. So I've waived the whole thing, until I implement it properly).  And fortunately for investors, my highest priority at the moment is getting a new lottery out the door, and some BaB improvements =)

So enjoy while it lasts =)

[Alvin Fahriza]

https://www.moneypot.com/apps/497-investdice

is on a rampage through investor profits! Players have outperformed the expected 12 BTC loss, by winning 17 BTC!

And now site profit at -19 BTC just 1 day this account is doctor army he run auto bet at basebet 100 bits double on loss on all account.

eldora doct0r doctor doctor2 jackie_chan

[Coef]

Beware. I invested for the first time yesterday.

It's all down hill from here...

Argh, the bad luck must be brought by dooglus, jk

https://www.moneypot.com/apps/497-investdice

is on a rampage through investor profits! Players have outperformed the expected 12 BTC loss, by winning 17 BTC!

And now site profit at -19 BTC just 1 day this account is doctor army he run auto bet at basebet 100 bits double on loss on all account.

eldora doct0r doctor doctor2 jackie_chan

From a probabilistic point of view, martingale is a very bad way to play and it is most likely going to end badly.
With that in mind, I have invested 5 more bitcoin just now and is now patiently waiting for the long streaks to occur. 

[ndnh]

https://www.moneypot.com/apps/497-investdice

is on a rampage through investor profits! Players have outperformed the expected 12 BTC loss, by winning 17 BTC!

And now site profit at -19 BTC just 1 day this account is doctor army he run auto bet at basebet 100 bits double on loss on all account.

eldora doct0r doctor doctor2 jackie_chan

He is using the same strategy everywhere I see that username lol. He is betting simultaneously (martingale from 0.0001) using at least two accounts in other sites too.