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Author Topic: MoneyPot.com :: The bitcoin gambling wallet  (Read 76767 times)
JackpotRacer
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November 27, 2015, 02:50:22 PM
 #1161

Ryan could post a chart with daily active MP users.

I agree again Smiley but would you be so kind and explain us why he should do this? I am really interested in your opinion


I think it's a far better metric for the popularity / activity on the site than overall user registrations. You can imagine a regular player that registers a new account for every gambling session to hide his identity or because he doesn't understand what provably fair is and succumbs to fallacies, e.g. that the casino makes him lose after luring him in. This can be seen on other sites. So he constantly increases the registered users but it's just 1 daily active player (or 2 or 3 depending on how many accounts he registers).

The bias in the other direction is also possible: A regular player that only registered one account. So even if he plays regularly, the overall registered user statistics doesn't treat him differently than a player that only played once and never came back again.

thank you very much for taking the time to explain it in a very understandable way that I could not do with my bad english Smiley

that is exactly one of the valuable stats that is missing


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November 27, 2015, 09:10:24 PM
 #1162

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.
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November 27, 2015, 09:17:20 PM
 #1163

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Conversely aren't you also saying that MP is the worst place for investors to invest, and that they'd even be better off at PRC, paying the highest commission of all investment sites?

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November 27, 2015, 09:56:33 PM
 #1164

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.

sorry but I am not sure that I understood what you are saying. your team will add more apps of your own? some more dice sites?

what apps you are going to promote? your new apps?

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November 27, 2015, 10:08:11 PM
 #1165

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.

sorry but I am not sure that I understood what you are saying. your team will add more apps of your own? some more dice sites?

what apps you are going to promote? your new apps?

Not dice, but yes. And all apps will be promoted. I was just saying that we won't be sitting around in the hopes that things grow -- we're going to be extremely proactive on behalf of both ourselves AND the MP site owners/investors. It won't be stagnant.
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November 27, 2015, 10:16:39 PM
 #1166

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.

sorry but I am not sure that I understood what you are saying. your team will add more apps of your own? some more dice sites?

what apps you are going to promote? your new apps?

Not dice, but yes. And all apps will be promoted. I was just saying that we won't be sitting around in the hopes that things grow -- we're going to be extremely proactive on behalf of both ourselves AND the MP site owners/investors. It won't be stagnant.

thanks for trying to explain. what do you mean with "all apps will be promoted"?

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November 27, 2015, 10:39:57 PM
 #1167

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.

sorry but I am not sure that I understood what you are saying. your team will add more apps of your own? some more dice sites?

what apps you are going to promote? your new apps?

Not dice, but yes. And all apps will be promoted. I was just saying that we won't be sitting around in the hopes that things grow -- we're going to be extremely proactive on behalf of both ourselves AND the MP site owners/investors. It won't be stagnant.

thanks for trying to explain. what do you mean with "all apps will be promoted"?

I mean we'll be helping promote/build traffic to all MP-hosted sites. Marketing and the like. Every site that uses MP is essentially part of the MP family. As such, the owners have a vested interest in helping all of them flourish and grow.
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November 27, 2015, 10:48:16 PM
 #1168

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.

sorry but I am not sure that I understood what you are saying. your team will add more apps of your own? some more dice sites?

what apps you are going to promote? your new apps?

Not dice, but yes. And all apps will be promoted. I was just saying that we won't be sitting around in the hopes that things grow -- we're going to be extremely proactive on behalf of both ourselves AND the MP site owners/investors. It won't be stagnant.

thanks for trying to explain. what do you mean with "all apps will be promoted"?

I mean we'll be helping promote/build traffic to all MP-hosted sites. Marketing and the like. Every site that uses MP is essentially part of the MP family. As such, the owners have a vested interest in helping all of them flourish and grow.

Lot of things to do but we will see the reality soon when you take over moneypot that is if your team win. I wonder who the other bidders are since only you made statements here

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JackpotRacer
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November 27, 2015, 10:49:59 PM
 #1169

My main concern as an app owner is will the % change? I dont think many ppl will be interested in making apps for MP for any less of a %.

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Really, why do you think so? Under the assumption that you want investors in your casino (either you can't BR yourself or you don't want to due to the risk) I always come to the conclusion that it is better to create a MP app than to your run a standalone casino with investments.

Historically (thanks @NLNico) the overall average edge of MP has been 0.9351% and app owners got an 0.5128% edge which translated to 54.84% of the expected profits. That is higher than for example the 50% of expected profits that Pocket Rockets Casino [Ref, NonRef] takes, the bitcoin dice site with the highest commission that I know of. In my opinion, it is safe to assume that you won't get a lot of investments if you start your standalone site with 54% commission and furthermore you miss the opportunity to source MP's userbase. Consequently, I think that it is better to run an MP app instead of a standalone investment site and that would also be the case if the app commission was lower.



In our case, my team is planning to add our own apps to the mix as well, to help build up the site more and help do more than just promote others'.

sorry but I am not sure that I understood what you are saying. your team will add more apps of your own? some more dice sites?

what apps you are going to promote? your new apps?

Not dice, but yes. And all apps will be promoted. I was just saying that we won't be sitting around in the hopes that things grow -- we're going to be extremely proactive on behalf of both ourselves AND the MP site owners/investors. It won't be stagnant.

thanks for trying to explain. what do you mean with "all apps will be promoted"?

I mean we'll be helping promote/build traffic to all MP-hosted sites. Marketing and the like. Every site that uses MP is essentially part of the MP family. As such, the owners have a vested interest in helping all of them flourish and grow.

MP family sounds good to me but will you promote all untitled dice sites with their free domains(there are many or even more)?

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November 27, 2015, 10:57:01 PM
 #1170

If you guys wouldn't mind, this conversation is probably more appropriate for PMs as the site is still hasn't sold yet and the auction is still underway.  Cool
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November 27, 2015, 11:01:00 PM
 #1171

Conversely aren't you also saying that MP is the worst place for investors to invest, and that they'd even be better off at PRC, paying the highest commission of all investment sites?

I don't think this is implied at all, as what investors care about is bankroll turn over (* their EV, I guess) rather than absolute commission amounts.


 So far YTD investors would have made a little over 60% by investing in MP, so I think that would have outperformed most sites  (primarily due to its small bankroll)
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November 27, 2015, 11:06:32 PM
 #1172

If you guys wouldn't mind, this conversation is probably more appropriate for PMs as the site is still hasn't sold yet and the auction is still underway.  Cool

True, true. I'm mostly trying to put people's minds at ease because there seems to be a lot of negativity around the change (while I believe it's a step in the right direction -- my group or not). I think the future of MP will be great, and the negativity will only slow down the process instead of push it forward, Smiley.

That said, I'll honor your requests.
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November 28, 2015, 05:31:30 AM
 #1173

tl;dr Making MP apps is better than running a standalone investment site, so make moar apps!

Conversely aren't you also saying that MP is the worst place for investors to invest, and that they'd even be better off at PRC, paying the highest commission of all investment sites?

Not exactly. It just depends on volume. Grin (as if you didn't know Wink)
Well, he doesn't seem to mean that.

He means for making an app there won't be a requirement for bankroll, to risk the bankroll, to have a predictable cash flow, to reduce trust risk a bit (players tend to trust a new Moneypot app than a new site from a newbie), etc.

It is true for say every bitcoin wagered, but on the other hand, moneypot has sites that offer players very low house edge, and it would help make Moneypot grow faster.
He was just using that post to speak negatively about prcdice aa he has many times in the past. Do you really think that Dooglus doesn't know that how attractive a bankroll investment is depends on the turnover of the bankroll?

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November 28, 2015, 07:04:32 AM
Last edit: November 28, 2015, 07:17:05 AM by ndnhc
 #1174

He was just using that post to speak negatively about prcdice aa he has many times in the past.

True, I am aware of Dean taking 50% of EV as commission. And I also agree with Dooglus Tongue about how attractive it is.


Quote
Do you really think that Dooglus doesn't know that how attractive a bankroll investment is depends on the turnover of the bankroll?

I didn't say he didn't, did I?

Besides I made your point before you even saw my post.
Quote
... (as if you didn't know Wink)

If my post was entirely useless, yours is just more so. Grin

Edit: Deleted it anyway.
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December 01, 2015, 09:38:09 PM
 #1175

Just an update, MoneyPot.com has sold!

However, for the time being it is still under my control under I do the handover (probably ~1 week) in the smoothest way possible.

As a reminder, the hand-over will NOT include balances or personal data (ip addresses, deposit address, withdrawals etc).

After the hand-over is complete, the new site will contain a banner on the top explaining the change.  All old balances will be available at the URL:   mp.bustabit.com  (something that will stay under my control). I will keep that site up for the next 6 months or so.


The new owners will introduce themselves shortly =)

Thanks everyone!
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December 01, 2015, 09:45:38 PM
 #1176

Just an update, MoneyPot.com has sold!

However, for the time being it is still under my control under I do the handover (probably ~1 week) in the smoothest way possible.

As a reminder, the hand-over will NOT include balances or personal data (ip addresses, deposit address, withdrawals etc).

After the hand-over is complete, the new site will contain a banner on the top explaining the change.  All old balances will be available at the URL:   mp.bustabit.com  (something that will stay under my control). I will keep that site up for the next 6 months or so.


The new owners will introduce themselves shortly =)

Thanks everyone!


congratz if you are satisfied

shall we withdraw and empty the account till we know who bought it? just to b eon the sure side


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December 01, 2015, 09:59:26 PM
 #1177

shall we withdraw and empty the account till we know who bought it? just to b eon the sure side

If you want, there's absolutely no issue with it (it's your money). But I'm not exposing anyones money to the risk of the new owner (it'll never be transferred to them), so it's not required.
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December 01, 2015, 10:01:33 PM
 #1178

Congrats to ryan on the sale and Congrats to the new owners. I hope we build a great working relationship with each other

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        BE MY NEXT
..satisfied client..
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ranlo
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December 01, 2015, 10:05:15 PM
 #1179

Congrats to ryan on the sale and Congrats to the new owners. I hope we build a great working relationship with each other

Thanks! As a heads-up, we're planning to do an official introduction of ourselves in the next 24h and will field any questions anyone has at that time, Smiley.
JackpotRacer
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December 01, 2015, 10:06:01 PM
 #1180

shall we withdraw and empty the account till we know who bought it? just to b eon the sure side

If you want, there's absolutely no issue with it (it's your money). But I'm not exposing anyones money to the risk of the new owner (it'll never be transferred to them), so it's not required.

let me see if I understood you Smiley

the money you are securing right now for us is not at risk but how about new money we maybe would need to deposit or if we want to invest?

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