e1ghtSpace
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Activity: 1526
Merit: 1001
Crypto since 2014
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November 03, 2015, 12:24:04 AM |
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What happened to the old money pot website where there was a graph and you had to cash out before it crashed?
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actmyname
Copper Member
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Activity: 2562
Merit: 2504
Spear the bees
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November 03, 2015, 12:27:39 AM |
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What happened to the old money pot website where there was a graph and you had to cash out before it crashed?
That domain and website is now known as "bustabit". You can go to the website to find it again.
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e1ghtSpace
Legendary
Offline
Activity: 1526
Merit: 1001
Crypto since 2014
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November 03, 2015, 12:46:20 AM |
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What happened to the old money pot website where there was a graph and you had to cash out before it crashed?
That domain and website is now known as "bustabit". You can go to the website to find it again. Ah awesome. The owner gave me 0.028 one time. It was awesome. I also one a bet of 2 bits x 120. That was fun.
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RHavar (OP)
Legendary
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Activity: 2557
Merit: 1886
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November 03, 2015, 02:28:06 AM |
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What happened to the old money pot website where there was a graph and you had to cash out before it crashed?
That domain and website is now known as "bustabit". You can go to the website to find it again. Also accounts were carried over to that domain, so it's safe to enter your old username/password =)
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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RHavar (OP)
Legendary
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Activity: 2557
Merit: 1886
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November 03, 2015, 03:24:41 AM |
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The deviation from the expected profit is crazy. I could understand it if the site has only a few thousands of bets, but it has over 2.8 millions bets already. How unlikely is it for a site to have an expected profit of 0.98% and to have an actual profit of -1.91% over so many bets?
It's impossible to answer that question if you don't tell me the distribution of the bet sizes. If all the bets were the same size, it's very unlikely. If 1% of the bets were significantly bigger than the other 99% then it's much more likely, because only 1% of the bets would be significant to the total site profit. When Just-Dice was running for BTC we had billions of bets and ended up with an actual profit of around 0.35% when the expected profit was 1%. That's because a small percentage of the bets were huge, and they did better than expected. The billions of tiny bets have little to no impact on the bottom line. On this app there's been made: 572102 bets @ 0.0001 BTC (on 2x). 282271 have won, and 289831 lost resulting in a net player loss of 0.756 BTC. 543899 bets @ 0.0002 BTC (on 2x). 269188 have won, and 274711 lost resulting in a net player loss of 1.1046 BTC 277403 bets @ 0.0004 BTC (on 2x). 137664 have won, and 139739 lost resulting in a net player loss of 0.83 BTC 140016 bets @ 0.0008 BTC (on 2x). 69327 have won, and 70689 lost resulting in a net player loss of 1.08 BTC This sort of general trend continues, unless you get to the bets that have only been done a few times, where the player(s) have got rather lucky e.g. 82 bets @ 4 BTC (on 2x). 45 won, and 37 lost resulting in a net player win of 32 btc 8 bets @ 6 BTC (on 2x). 5 won, and 3 lost resulting in a net player win of 12 btc so actually, the small bets haven't really done much but added a lot of noise. The investors would be far worse off without them
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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BigMac
Legendary
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Activity: 896
Merit: 1000
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November 03, 2015, 03:41:11 AM |
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The deviation from the expected profit is crazy. I could understand it if the site has only a few thousands of bets, but it has over 2.8 millions bets already. How unlikely is it for a site to have an expected profit of 0.98% and to have an actual profit of -1.91% over so many bets?
It's impossible to answer that question if you don't tell me the distribution of the bet sizes. If all the bets were the same size, it's very unlikely. If 1% of the bets were significantly bigger than the other 99% then it's much more likely, because only 1% of the bets would be significant to the total site profit. When Just-Dice was running for BTC we had billions of bets and ended up with an actual profit of around 0.35% when the expected profit was 1%. That's because a small percentage of the bets were huge, and they did better than expected. The billions of tiny bets have little to no impact on the bottom line. On this app there's been made: 572102 bets @ 0.0001 BTC (on 2x). 282271 have won, and 289831 lost resulting in a net player loss of 0.756 BTC. 543899 bets @ 0.0002 BTC (on 2x). 269188 have won, and 274711 lost resulting in a net player loss of 1.1046 BTC 277403 bets @ 0.0004 BTC (on 2x). 137664 have won, and 139739 lost resulting in a net player loss of 0.83 BTC 140016 bets @ 0.0008 BTC (on 2x). 69327 have won, and 70689 lost resulting in a net player loss of 1.08 BTC This sort of general trend continues, unless you get to the bets that have only been done a few times, where the player(s) have got rather lucky e.g. 82 bets @ 4 BTC (on 2x). 45 won, and 37 lost resulting in a net player win of 32 btc 8 bets @ 6 BTC (on 2x). 5 won, and 3 lost resulting in a net player win of 12 btc so actually, the small bets haven't really done much but added a lot of noise. The investors would be far worse off without them I see. Looking at the stats of only those 4 btc and 6 btc bets, the players are lucky but it is not as improbable as I imagined.
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dooglus
Legendary
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Activity: 2940
Merit: 1330
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November 03, 2015, 03:51:32 AM |
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On this app there's been made: 572102 bets @ 0.0001 BTC (on 2x). 282271 have won, and 289831 lost resulting in a net player loss of 0.756 BTC. 543899 bets @ 0.0002 BTC (on 2x). 269188 have won, and 274711 lost resulting in a net player loss of 1.1046 BTC 277403 bets @ 0.0004 BTC (on 2x). 137664 have won, and 139739 lost resulting in a net player loss of 0.83 BTC 140016 bets @ 0.0008 BTC (on 2x). 69327 have won, and 70689 lost resulting in a net player loss of 1.08 BTC This sort of general trend continues, unless you get to the bets that have only been done a few times, where the player(s) have got rather lucky e.g. 82 bets @ 4 BTC (on 2x). 45 won, and 37 lost resulting in a net player win of 32 btc 8 bets @ 6 BTC (on 2x). 5 won, and 3 lost resulting in a net player win of 12 btc so actually, the small bets haven't really done much but added a lot of noise. The investors would be far worse off without them That last line contradicts itself. Are the small bets not much but noise, or would the investors be far worse off without them?
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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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RHavar (OP)
Legendary
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Activity: 2557
Merit: 1886
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November 03, 2015, 04:24:29 AM |
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That last line contradicts itself. Are the small bets not much but noise, or would the investors be far worse off without them?
Or does it? I like to think of the small bets like the gentle sound that a fan makes when helping you go to sleep, while getting interrupted by the gang war outside (the big bets). But being serious, "noise" was probably the wrong word to use. I just meant that the small bets are greatly inflating the total-bet count, which makes the win look a lot less likely than it actually is, all the while actually benefiting investor.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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November 03, 2015, 04:42:13 AM |
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That last line contradicts itself. Are the small bets not much but noise, or would the investors be far worse off without them?
Or does it? I like to think of the small bets like the gentle sound that a fan makes when helping you go to sleep, while getting interrupted by the gang war outside (the big bets). But being serious, "noise" was probably the wrong word to use. I just meant that the small bets are greatly inflating the total-bet count, which makes the win look a lot less likely than it actually is, all the while actually benefiting investor. Yeah, you worded that badly. When I read it I was like "how could these small bets be bad for investors?" The important thing for everyone to remember is that the more bets there are, the closer you'll get to the expected profit. 100 bets could swing either way, but 100 million would be a better representation. In this case, some bets just happened to be lucky over a small set. And looking at profit now, it looks like he lost a lot (or someone did).
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Satu
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November 03, 2015, 04:46:19 AM |
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Good network with good amount of trusted gambling sites. I like dustdice very much because it is very friendly on mobile.
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BigMac
Legendary
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Activity: 896
Merit: 1000
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November 03, 2015, 08:17:45 AM |
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Site profit is now only -6 btc, but I am not surprised about it TBH. After all, we have seen so many gamblers winning a good amount with martingale and then losing it back, and I don't expect this to be the last case. Advice to all gamblers: Don't get too greedy.
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WEBcreator
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November 03, 2015, 09:08:36 AM |
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Site profit is now only -6 btc, but I am not surprised about it TBH. After all, we have seen so many gamblers winning a good amount with martingale and then losing it back, and I don't expect this to be the last case. Advice to all gamblers: Don't get too greedy. It is now -4.8. He is way too lucky to get more than 70 btc profit. Too bad he didnt stop, if he stop then that will be a good profit and leave a huge hole for the investor
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actmyname
Copper Member
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Activity: 2562
Merit: 2504
Spear the bees
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November 03, 2015, 12:10:36 PM |
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Site profit is now only -6 btc, but I am not surprised about it TBH. After all, we have seen so many gamblers winning a good amount with martingale and then losing it back, and I don't expect this to be the last case. Advice to all gamblers: Don't get too greedy. It is now -4.8. He is way too lucky to get more than 70 btc profit. Too bad he didnt stop, if he stop then that will be a good profit and leave a huge hole for the investor Looks like it's back up to +5. Investor profits are at 135 BTC now.
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Mitchell
Copper Member
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Verified awesomeness ✔
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November 03, 2015, 12:29:33 PM |
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So anyone who invested in MP when the profit at -70 has now made a nice amount of coins.
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dooglus
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November 03, 2015, 04:21:16 PM |
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So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. I invested 1.36 BTC shortly before the doctors came to visit. Now I have: 1,362,452.35 bits. So I've recovered my losses, but not much more. My net profit is 0.18%.
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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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Coef
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November 03, 2015, 04:31:40 PM |
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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. It does proceed in the way I expected, though it took a bit longer than I thought. So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. I invested 1.36 BTC shortly before the doctors came to visit. Now I have: 1,362,452.35 bits. So I've recovered my losses, but not much more. My net profit is 0.18%. I have done two more investment when the investor profit went down to ~100 btc and ~70 btc and divested as it went back up, and I have made slightly over 2%.
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Joel_Jantsen
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Activity: 1876
Merit: 1308
Get your game girl
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November 03, 2015, 06:13:22 PM |
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Who doesn't know money pot ? You guys give the best service of cross authentication factor for any gambling website thereby conforming the legacy of the gambling website.This also makes sure we are not playing on a website which is most likely to scam us.I think all the bitcoin gambling websites should add your API as a method of authorization and main wallet .
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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November 03, 2015, 09:42:00 PM |
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So anyone who invested in MP when the profit at -70 has now made a nice amount of coins. I invested 1.36 BTC shortly before the doctors came to visit. Now I have: 1,362,452.35 bits. So I've recovered my losses, but not much more. My net profit is 0.18%. Yeah, at least he lost the coins. There was a period where, for over 3 weeks, I was in the negatives (prior to that I was up like 20%). I'm positive all-around now though, .
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JackpotRacer
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Activity: 1932
Merit: 1014
All Games incl Racer and Lottery game are Closed
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November 06, 2015, 07:24:26 PM |
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hi after many hours of down time of this forum I thought I will ask moneypot/Ryan that it would be nice to implement a forum on the moneypot site. I know there was a forum long ago on the site and it was spammed a lot and Ryan took it down my idea is that each app owner if he wants can open his own thread where he could offer promos and discuss his games with moneypot users. if it is not a good idea or not worth the work to implement it so lets forget it
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