dan (OP)
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May 20, 2015, 06:41:12 AM |
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EDIT.: After im playing with 2 bits and lose all of them, i checked the apps owner tab and i only get 0.03 bit :/ its so low
You're splitting the house edge half-and-half with investors, and you're risking nothing, and it's a 200 satoshi bet. Does that figure really seem so low, considering?
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PesiHUN
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Merit: 10
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May 20, 2015, 09:43:58 AM |
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BTW i like it its so smooth and user friendly, maybe in the days i try to make a blackjack for it
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unamis76
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May 20, 2015, 11:42:55 AM |
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Since the funds don't seem to be separated, depositing/gambling/withdrawing there or in any other spinoff of this site is exactly the same as playing on MoneyPot?
Users have their own balance for your site, it's completely separated from their normal moneypot balances and their balances at other "powered by moneypot.com" sites OP says one does not need to add funds... What if a user wins big time? How will he be getting paid?
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activebiz
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May 20, 2015, 03:43:21 PM |
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is it possible to host and control everything myself.
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CrackedLogic
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May 20, 2015, 03:58:39 PM |
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I'm going to be running this locally and try it out. It seems as if this script will be the next microfaucet of dice sites. is it possible to host and control everything myself.
This? ^
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BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES
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elm
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May 20, 2015, 04:08:28 PM |
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BTW i like it its so smooth and user friendly, maybe in the days i try to make a blackjack for it
The MoneyPot API only supports atomic bets, so it might be a bit tricky to make a true version of blackjack could you please ELI 5 what you understand under a true version of blackjack and what kind of blackjack would be possible to offer with MP thanks
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elm
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May 20, 2015, 05:15:40 PM |
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could you please ELI 5 what you understand under a true version of blackjack and what kind of blackjack would be possible to offer with MP thanks
The issue with a non-atomic game like blackjack, is that there is some information reveal in the middle which would mess with the investor system (they could invest during a bad hand, and divest in a good hand). So if you do want to use the MP bankroll, you need to a bet which has an instant resolution (e.g. roulette, plinko, dice) and doesn't leak intermediate state. We're going to be supporting games like blackjack very soon, but they will have the caveat that you need to bring your own bankroll so you mean games with instant results or decision. for example a dice game which needs 8 rolls to show the final result would not be acceptable? and regarding own bankroll, is it possible right now to use own bankroll or will it be implemented at a later stage? thanks
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PesiHUN
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May 27, 2015, 03:39:38 PM |
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Dan, im thinking on make some betting site with ur system, just i dont know is it the same like a real money gambling site, i mean i need to buy license in my country and pay tax after it or because its bitcoin i can avoid it?
u pay any money for tax/lincese after moneypot or any gamblingsite u made?
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PolarPoint
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May 27, 2015, 07:41:02 PM |
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This is a major step forward for anyone who wants to start their own dice site! It sounds very easy to build and owner do not need to fund his own bankroll. The commissions of moneypot is difficult to understand. If someone can work it out, I think small profits can be made.
why would some one want to own another dice site? moneypot is a great idea and very helpful but IMO for other games than dice. Dice site is a general term for a simple gambling game. You can put a twist on it to make it interesting. Dice sites are very popular. It's easy to understand the game and play. There will always be investors who want to own a dice site. It's a starting point for a full casino.
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elm
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May 28, 2015, 03:55:33 AM |
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This is a major step forward for anyone who wants to start their own dice site! It sounds very easy to build and owner do not need to fund his own bankroll. The commissions of moneypot is difficult to understand. If someone can work it out, I think small profits can be made.
why would some one want to own another dice site? moneypot is a great idea and very helpful but IMO for other games than dice. Dice site is a general term for a simple gambling game. You can put a twist on it to make it interesting. Dice sites are very popular. It's easy to understand the game and play. There will always be investors who want to own a dice site. It's a starting point for a full casino. sorry but I can't agree with you. dice sites are very popular = yes there are a few well established dice sites like JD and PD. now that MP is making it easy for more dice sites to hit the market that doesnt mean those sites will attract many players. there could be 20 or more dice sites on MP.....so what they will have no chance to make any coins if they will not have any special effect or idea added to the game. but good luck to all who are trying and to MP
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SirLolicon
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Sound Engineer for Hire
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May 28, 2015, 04:35:05 AM |
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Wait so.. you still provide the bankroll right? It just uses Moneypot to manage users and deposits?
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dan (OP)
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June 02, 2015, 06:31:16 PM |
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Wait so.. you still provide the bankroll right? It just uses Moneypot to manage users and deposits?
This script uses Moneypot's bankroll which is why it's "risk-free profit". Currently, Moneypot's provably-fair API only operates on its own bankroll, but RHavar (owner) has expressed that he's working on extending the API so that you can BYOB (bring your own bankroll ) Yes, beyond the bankroll, Moneypot also handles the user-management and bitcoin-management.
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SirLolicon
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June 03, 2015, 03:50:02 AM |
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how do you make a profit if you don't provide your own bankroll?
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dan (OP)
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June 03, 2015, 05:35:18 AM |
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how do you make a profit if you don't provide your own bankroll?
At a high level, the Moneypot API is a bet server that accepts any bet that's profitable to its investors (the house). - If the player loses the bet, the investors take the minimal amount of profit that makes it worthwhile for them, and then you (app owner) split the rest of the profit with Moneypot.
- If the player wins the bet, then the investors float the entire wager.
Why do the investors split their profit with you? Because they're rewarding you for driving +EV volume against their bankroll. Does that make sense? Also, I just released untitled-dice v0.0.5 which adds Deposit/Withdraw dialog buttons to the navbar: https://i.imgur.com/E8DG3QR.pngYou can read more about dialogs here: https://www.moneypot.com/api-docs#dialogs - Their purpose is so that users can manage their balance on your app without visiting Moneypot.
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SirLolicon
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June 03, 2015, 05:37:51 AM |
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how do you make a profit if you don't provide your own bankroll?
At a high level, the Moneypot API is a bet server that accepts any bet that's profitable to its investors (the house). - If the player loses the bet, the investors take the minimal amount of profit that makes it worthwhile for them, and then you (app owner) split the rest of the profit with Moneypot.
- If the player wins the bet, then the investors float the entire wager.
Why do the investors split their profit with you? Because they're rewarding you for driving +EV volume against their bankroll. Does that make sense? So basically all you have to do is spice up the site and market it well and you don't need to provide any bankroll? Just pure profit? That's cool. EDIT: Was testing it with the faucet. I ran out of bits and it said "CANNOT_AFFORD_WAGER" on the bet button. Is this changeable in the code or is it basically a bug?
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dan (OP)
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June 03, 2015, 05:54:06 AM |
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EDIT:
Was testing it with the faucet. I ran out of bits and it said "CANNOT_AFFORD_WAGER" on the bet button. Is this changeable in the code or is it basically a bug?
It's not a bug, I just neglected to translate the errors into more user-friendly messages like "You cannot afford this wager". Once I do that, it will be trivial to just ctrl-f and replace with customized messages. I'll improve it in v0.0.6.
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SirLolicon
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June 03, 2015, 06:57:46 AM |
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EDIT:
Was testing it with the faucet. I ran out of bits and it said "CANNOT_AFFORD_WAGER" on the bet button. Is this changeable in the code or is it basically a bug?
It's not a bug, I just neglected to translate the errors into more user-friendly messages like "You cannot afford this wager". Once I do that, it will be trivial to just ctrl-f and replace with customized messages. I'll improve it in v0.0.6. I tried forking it to play around, the login to moneypot button always uses the redirect uri of untitled-dice and not the one you provide in the app.js EDIT: Nevermind, I honestly don't know what happened but after a few minutes it started working. Didn't have to commit any changes
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dan (OP)
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June 03, 2015, 11:48:31 AM |
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I tried forking it to play around, the login to moneypot button always uses the redirect uri of untitled-dice and not the one you provide in the app.js
EDIT: Nevermind, I honestly don't know what happened but after a few minutes it started working. Didn't have to commit any changes
Not sure if this was your issue, but it looks like Github tells your browser to cache files for up to 10 minutes so try busting your cache (forced reload) if it happens again.
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dan (OP)
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June 03, 2015, 03:30:08 PM |
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EDIT:
Was testing it with the faucet. I ran out of bits and it said "CANNOT_AFFORD_WAGER" on the bet button. Is this changeable in the code or is it basically a bug?
It's not a bug, I just neglected to translate the errors into more user-friendly messages like "You cannot afford this wager". Once I do that, it will be trivial to just ctrl-f and replace with customized messages. I'll improve it in v0.0.6. Okay, just addressed this and released v0.0.6 (minor release). Bet validation errors are now translated into human-friendly messages. For example: https://i.imgur.com/M1jC5yR.png(It used to say "CANNOT_AFFORD_WAGER") You can edit the messages here: https://github.com/untitled-dice/untitled-dice.github.io/blob/4def9cc1222cb998792ccae1149ce87828f07166/app.js#L1316-L1323Thanks for the feedback, SirLolicon.
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