BetterBets.io |V2 NXT betting + Shapeshift.io|🎲 DICE★PLINKO★PVP Game CORE

[RHavar]

As for Ryan ; This important Max Bet/Max Win data, if it happens to not depend on the casino but rather on MoneyPot itself, is not to be found anywhere in MP's FAQ, App Management section, nor thread OP neither.

It's basically up to the app. For a dice-style bet, the max profit per bet is: bet_house_edge * bankroll. Games like dustdice control this. As a casino controls the house edge, they also control the max profit per bet (and can put additional limits if they want).

So for instance, during BetterBets happy hours the max profit per roll will be ~0.15 BTC (0.1% of our 150 BTC bankroll), and during normal play, it will be ~1.5 BTC (1% of our 150 BTC bankroll).

And btw, the newly-input'd memo about "Reminder : This is the amount of your money that this app can access. Until you withdraw this balance into your Moneypot wallet or disable this app, it's best to consider this balance in the posssession of the app." -> has a spelling typo in 'possession', & there was also another typo I found somewhere else in MP but just can't recall where it was now, sorry.

Thanks, noted.

So! What's the MaxWin & MaxBet sizes allowed ; Has this changed since May 19 launch ; How likely is it these limits will change again ; Is this a limit set per-app or for all MoneyPot's casinos ;

It hasn't changed on the MP side at all

Is it frowned upon to autobot on multiple MoneyPot Account simultaneously running on multiple browsers and/or PC's entirely (obviously to loop around the Max Bet & Max Win limits during bad martingale'd AutoBet streaks, among other things ;p ;p) ..?? Thanks Bjorn/Lobos/Ryan!

It'd be better if you didn't, but you're not going to get banned for it

[RHavar]

So! What's the MaxWin & MaxBet sizes allowed ,How likely is it these limits will change again

Moneypot is using kelly criterion for the bet amount which you can find at the FAQ or you can read here https://en.wikipedia.org/wiki/Kelly_criterion

Code:

We use the generalized kelly criterion, to determine if a bet is acceptable or not. For a given bet, the Kelly criterion tells us how much of our bankroll we should risk. We will only ever risk less than the kelly suggests, and never more.

Im not much of a math guy but Ryan mentioned one time that it will be depending on the bankroll (not sure if it is at plinkopot chatroom )

So basically it will be using this formula

Code:

1 x Bankroll x HE 

The limit for this will depends on the bankroll and the bankroll is floating around ~146 BTC https://www.moneypot.com/investment then the max win for the site would be ~1.46 BTC

P.S : not sure if this differ depending on each sites or no
P.S 2 : Congratulations for breaking the Hall of Fame 

Great reply btw. And no, it doesn't differ per site. From investors perspective they don't care where the bet comes from, if it makes economic sense they will accept it regardless of origin. And if it doesn't make economic sense, they'll reject it, regardless of origin =)

[RHavar]

Right now we are allowed a max payout of 1.5% (per Moneypot's investment bankroll) per single bet. So that would mean you can win 219411048.21 (satoshis)BTC or to simplify: 2.19 BTC per bet. So to answer your question, it is based on max payout not max bet.

Just to avoid confusion, the restrictions are based on max profit. For a dice-style bet, the investors will only allow you to attempt to take the same percent of the bankroll as the house edge.

The limit per app is based on RHavar's discretion for us he agreed to 1.5% but this is something that could go up or down as our site matures.

I'm not quite sure where this came from. MoneyPot has a function that applies the generalized kelly criterion to all bets coming in, which answers a simple question: "Is it economically rational to accept this bet?", if the answer is yes, it'll accept it. If the answer is no, it'll reject it.

[RHavar]

And as one additional note, MoneyPot API does provide the ability to bribe the investors to accept a bet they otherwise.

Let's say the app wants a user to attempt to win 1% of the house bankroll, with a house edge of 0.1% (e.g. in lucky hour). The app can basically pay investors the absolutely minimum required to make it make economic sense (satisfy the kelly).

This is configurable with the "max_subsidy" argument

[BetterBets.io]

Hello everyone,

Thank you all for being a part of our launch last month and we welcome all players new and old to participate in this months games and raffle!
Please note we do not need any details to give the winner this amazon gift card, simply a throwaway email address is fine. If the winner
prefers a Bitcoin BTC prize in the equivalent of $150 usd then it is also an option as well, the choice is up to the winner

Please read our FAQ if you are new to understand how the raffle ticket system works, or just ask any of our players in chat. Or speak to Arallmuus
our last month's winner, he understands the system very well!  FAQ: https://betterbets.io/app/content/faq/

Don't forget to SET YOUR RAFFLE TICKETS submission.
You cannot win this prize unless you actually submit the raffle tickets you have earned.
In "My Account" page set the % you want to submit for the month and press 'save'.

For those new to BetterBets.io you still have 9 days this month to get your tickets (every 500 bets earns one)
the more you play the more you earn, the better your chances of winning the $150 Amazon gift card or BTC equivalent

[trafficolaa]

I had something wrong with bot auto-betting does not working for it stuck on start, manual betting working smoothly without any delay at super speed, i refresh the page and changed the browser too but have same problem in all browser, is that problem only with my account or anyone else having this?

[panjul07]

I had something wrong with bot auto-betting does not working for it stuck on start, manual betting working smoothly without any delay at super speed, i refresh the page and changed the browser too but have same problem in all browser, is that problem only with my account or anyone else having this?

I had this problem several times, but it fixed when I reload the page. As I investigated my own experiences, its happen when I had a poor connection. I think it is something like a delay to send the request to the server because of poor connection. But I'm not really sure about yours since you say still have the problem after refresh the page.
Have you asked in chat? I believe arallmuss/bjorn will help you as always..

[Altcoin4life]

Don't make the same mistake I did people.  If you want to win the prize click save. this site is great btw if you haven't tried it yet u all are missing out. How many places can you affect your own house edge? Or have a bot that's faster than 3rd party bots? Plus arallmuus is a fun mod to talk to

[arallmuus]

-snip-

I had something wrong with bot auto-betting does not working for it stuck on start, manual betting working smoothly without any delay at super speed, i refresh the page and changed the browser too but have same problem in all browser, is that problem only with my account or anyone else having this?

Seems weird, are you sure that you are able to manually roll the dice and only your betterbots stuck? Basically there are about 5-10 user rolling at maximum speed with their bot and none reported this issue . This problem only happen when you are having a bad connection and it doesnt matter with any browser that you are using (although I am recommending chrome)

Could you please try to log out and login again to see if this problem still occur traficolla? Just hit me up in the chatroom if you have this problem again. I will forward it to Lobos if you have this problem again , Thanks !

EDIT : it seems working fine for trafficolaa now, it is due to an internet connection from his end

I believe arallmuss/bjorn will help you as always..

Yes , will be glad to help but currently I guess Bjorn is resting as he is ill currently 

Plus arallmuus is a fun mod to talk to

Thanks, it was fun to talk with you too

[trafficolaa]

-snip-

I had something wrong with bot auto-betting does not working for it stuck on start, manual betting working smoothly without any delay at super speed, i refresh the page and changed the browser too but have same problem in all browser, is that problem only with my account or anyone else having this?

Seems weird, are you sure that you are able to manually roll the dice and only your betterbots stuck? Basically there are about 5-10 user rolling at maximum speed with their bot and none reported this issue . This problem only happen when you are having a bad connection and it doesnt matter with any browser that you are using (although I am recommending chrome)

Could you please try to log out and login again to see if this problem still occur traficolla? Just hit me up in the chatroom if you have this problem again. I will forward it to Lobos if you have this problem again , Thanks !

Thanks for your kind help regarding this issue i logout from betterbets and then get restart my modem, login again there and now it is working fine for me smoothly like super bullet that bot is really very fast to roll dice, i think that interruption was cause of my connectivity speed it was poor before get restart.

[ranlo]

As a heads-up, I did a review of BetterBets today! It's a great site, .

[BetterBets.io]

As a heads-up, I did a review of BetterBets today! It's a great site, .

Thank you Ranlo, glad you enjoyed the site and reviews are always welcome we will keep improving and adding more every month. BetterBets next game is in beta testing now.

[ranlo]

As a heads-up, I did a review of BetterBets today! It's a great site, .

Thank you Ranlo, glad you enjoyed the site and reviews are always welcome we will keep improving and adding more every month. BetterBets next game is in beta testing now.

Any chance I can do a test before it goes live so I can do a preview article?

[BetterBets.io]

As a heads-up, I did a review of BetterBets today! It's a great site, .

Thank you Ranlo, glad you enjoyed the site and reviews are always welcome we will keep improving and adding more every month. BetterBets next game is in beta testing now.

Any chance I can do a test before it goes live so I can do a preview article?

It may be possible depends on our development team, I will ask though unless you see Lobos before I do then just see if he thinks it's a good time or maybe after some more tweaking. There are still some issues we need to iron out in the high risk portion of betting for the game.

[Venusianism]

Don't make the same mistake I did people. [..]

 ..Yeaa, and let nobody make the mistake -I- just did - spend my time promoting the site on forums, only for the thusly increased exposure (top leaderboard etc) to be rewarded by another XJS/JSS injection exploit attack by the spiteful jealous loser Xanax & potentially other hackers, who've now stolen 0.488+ BTC from my BetterBets app balance while I was autobetting by abusing the site's in-app user-tipping feature.

 That's on top of another mistake I just made which was to forget to reduce my 'On Loss : Increase Bet by x%' value down several times lower to hit a 60x multiplier, than when I, seconds before that, had been running at 10x payout multiplier..thus autobet quickly ran up to insane numbers, risking & losing over 1BTC of my month's winnings w/ wayyy-too-high risk level compared to the various multiplier-dependent 'On Loss : Increase by x%' values I'd regularly been using ;/  This is why I fell from the leaderboard down to .49BTC profit, today - A stupid, unintended GUI interaction mistake..

 Ryan -please- enable a way to block any and all tipping for all moneypot apps & including the base MP general acct management section (even though it seems much more secure than the casino pages given that it's not reliant on letting players have lots of access since it's purely an acct management site, as opposed to the individual apps who're player front-end casino apps which by default must allow players lots of access, which I'm technically-clueless-guessing is part of how this injection/hacking tip attack is able to take place). I don't need to receive any tips, I don't need to tip anyone, people can use regular on-blockchain BTC address tx's.

 When dankbud tipped me and a million others a month ago, it doesn't show the +1000 bits in MP's account management history - meaning it was purely done using BetterBets' in-app tipping function - which is how this -0.49BTC is -not- showing up in my MP history atm, and how people are being robbed of their BetterBets balances as we speak using the tipping feature.

 Bjorn/Lobos please consider just how much bad this in-app tipping has brought vs. how little genuine use case it has when the more secure MP already has a user tipping function - I simply cannot wager on BetterBets anymore because of this, had to disable all apps, extremely sad that one feature bogs down the whole site. In fact, I was also recently unable to use BBets' chat whatsoever, whereas other apps' chat worked fine - this is highly suspicious, how I announce my success a few days ago in here & all of a sudden, balance theft attacks, unable to chat - And when you consider for a moment who has the most access to specifically BBets' app code & how best to exploit it..?? Who's the person in charge of building the site technically..? It pains me to make this allegation, but the evidence is getting circumspect.. ;/  Think about it..

[BetterBetsDev]

..Yeaa, and let nobody make the mistake -I- just did - spend my time promoting the site on forums, only for the thusly increased exposure (top leaderboard etc) to be rewarded by another XJS/JSS injection exploit attack by the spiteful jealous loser Xanax & potentially other hackers, who've now stolen 0.488+ BTC from my BetterBets app balance while I was autobetting by abusing the site's in-app user-tipping feature.

 That's on top of another mistake I just made which was to forget to reduce my 'On Loss : Increase Bet by x%' value down several times lower to hit a 60x multiplier, than when I, seconds before that, had been running at 10x payout multiplier..thus autobet quickly ran up to insane numbers, risking & losing over 1BTC of my month's winnings w/ wayyy-too-high risk level compared to the various multiplier-dependent 'On Loss : Increase by x%' values I'd regularly been using ;/  This is why I fell from the leaderboard down to .49BTC profit, today - A stupid, unintended GUI interaction mistake..

 Ryan -please- enable a way to block any and all tipping for all moneypot apps & including the base MP general acct management section (even though it seems much more secure than the casino pages given that it's not reliant on letting players have lots of access since it's purely an acct management site, as opposed to the individual apps who're player front-end casino apps which by default must allow players lots of access, which I'm technically-clueless-guessing is part of how this injection/hacking tip attack is able to take place). I don't need to receive any tips, I don't need to tip anyone, people can use regular on-blockchain BTC address tx's.

Very sorry for this. I have disabled tipping server-side until we find a way to rework the way it works and make it safe. You will of course be reimbursed for your loss.

When dankbud tipped me and a million others a month ago, it doesn't show the +1000 bits in MP's account management history - meaning it was purely done using BetterBets' in-app tipping function - which is how this -0.49BTC is -not- showing up in my MP history atm, and how people are being robbed of their BetterBets balances as we speak using the tipping feature.

This is a MP issue, tips are not being reported in the UI. Ryan will fix this shortly.

But let me state emphatically, that all tippping functionality happens through the MP server; nothing is done locally other than the detection and parsing of the tipping command. Once this is done, a tip request is sent to the MP server.

Bjorn/Lobos please consider just how much bad this in-app tipping has brought vs. how little genuine use case it has when the more secure MP already has a user tipping function - I simply cannot wager on BetterBets anymore because of this, had to disable all apps, extremely sad that one feature bogs down the whole site. In fact, I was also recently unable to use BBets' chat whatsoever, whereas other apps' chat worked fine - this is highly suspicious, how I announce my success a few days ago in here & all of a sudden, balance theft attacks, unable to chat - And when you consider for a moment who has the most access to specifically BBets' app code & how best to exploit it..?? Who's the person in charge of building the site technically..? It pains me to make this allegation, but the evidence is getting circumspect.. ;/  Think about it..

I am in charge of building the site. I can assure you that I have no interest, means and/or motive to steal your balance through any channel available to me. On top of this, we have invested too much time and effort into building this site to want it harmed in any way, shape or form. Bjorn and myself started this site with the intent to grow it into a sucessful betting site and we still intend to do so. We have been targetted by an attack and we'll figure out how to secure the site. For now, tipping is disabled server-side and until we find a way to re-enable it safely, it will remain disabled.

You will of course be reimbursed for your losses, rest assured of that. Just give us some time while we deal with the current emergency on hand.

If you wish to speak to me personally, PM me and I'll give you my skype contact so we can talk.

More news on this entire issue later.

[Altcoin4life]

Venusian sorry to hear you were a target but the admins reimburse you so why would they take from you just to give it back that is just silly. I do think you are right if this hacker is using tipping to exploit then bbets should just disable it. Hackers got every major casino I can think of jd pd it's just growing pains. I like giving out tips when I win but it's not a needed feature. Hate to see you go I tried to copy your strategy a few times  

[BetterBetsDev]

In fact, I was also recently unable to use BBets' chat whatsoever, whereas other apps' chat worked fine - this is highly suspicious, how I announce my success a few days ago in here & all of a sudden, balance theft attacks, unable to chat

I sort of glanced over this the first time I read it (because it was tangential to the main problem on hand), but we have people using the chat all day without issues. If your chat really didn't work at all, you should have mentioned this problem here and we would have investigated.

I'm not saying this to deflect blame from us for what happened, I'm just saying such obvious problems should be reported to us.

[BetterBetsDev]

Dear BetterBets players and friends,

as part of our 1-month anniversary we ran some statistical analytics on our database in order to get a more precise picture of where we stand and how things are developing. During these investigations we discovered a discrepancy which lead us to discover that our house edge calculations contained a rounding error which under certain circumstances would put our players at a disadvantage, especially so when gambling against very low (player) odds. We have spent the past few days altering our house-edge calculation code and running extensive tests to ensure that all bets will be conducted at a 1% house edge (during normal operations) and the appropriate house edge during Happy Hour and Luck Forging. We have pushed the new code into production and verified that it works as desired.

As soon as we receive a final list of affected users from MoneyPot.com, we will credit each affected user double the amount they lost due to these faulty calculations. The number of affected people is small, but given the different time zones of all parties involved, you should expect this compensation to reach your MoneyPot.com account within the next 24 hours. If you log into your account and notice you have more BTC than you logged off with, this is the reason why. Once again our most sincere apologies for this; we are committed to running a fair gambling site and will continue to bring out new features in an effort to become your favorite Bitcoin Casino.

[RHavar]

In fact, I was also recently unable to use BBets' chat whatsoever, whereas other apps' chat worked fine - this is highly suspicious, how I announce my success a few days ago in here & all of a sudden, balance theft attacks, unable to chat - And when you consider for a moment who has the most access to specifically BBets' app code & how best to exploit it..?? Who's the person in charge of building the site technically..? It pains me to make this allegation, but the evidence is getting circumspect.. ;/  Think about it..

That's actually very interesting that you couldn't use the chat, as the issue betterbets had were related to XSS on the chat. It's possible you were specifically targeted with some code which broke the chat for you. Also the attack is with 100% certainty not the betterbets developers. Faking a hack, and immediately offering to recompensate the money isn't very rational. If they wanted to cheat you, what they'd have done is just made you spend your entire balance on big bets till you had 0 money, collecting their commissions (and then if you complained, just called you a sore loser).

But they didn't do this, and I fully believe they're in this for the long haul and just having some growing pains. Not unlike any other site =)