🌟🎲🌟 MoneyPot.com

[ranlo]

I appreciate the very quick responses. I take back my unverified statements. I was unaware that the Bitcoin Dice site existed. Thank you guys for the clarification.

But this opens up another can of worms, I'm not sure how I feel about the owner of a site gambling large amounts against his own site with a 50% kickback. It seems like he's a pretty big loser on other sites, but a huge winner overall and all because of his site. Not saying he is doing anything wrong, but it doesn't give off the best perception to investors that the guy who wrote the code is betting against it and winning huge somehow. I will research and think about this some more.

As an investor, you shouldn't care whether an app owner is wagering or not -- it's the exact same scenario to you. Whether it's a random person betting 1 BTC or an app owner, you have the same exact chance to both lose and win that 1 BTC (as a whole, in the BR). Nothing changes for you.

[JackpotRacer]

My "coding" is available for everyone's use and it simply utilizes the moneypot simple dice api. My reckless wagering is against the moneypot bankroll. My winnings or losses are mine to sorrow in or rejoice.

HelpMyWallet

best of luck because you are an hell of a player

Chapeau!

[wormat22]

Damn helpmywallet is up 45 BTC including his commissions

[Practicing Mind]

I appreciate the very quick responses. I take back my unverified statements. I was unaware that the Bitcoin Dice site existed. Thank you guys for the clarification.

But this opens up another can of worms, I'm not sure how I feel about the owner of a site gambling large amounts against his own site with a 50% kickback. It seems like he's a pretty big loser on other sites, but a huge winner overall and all because of his site. Not saying he is doing anything wrong, but it doesn't give off the best perception to investors that the guy who wrote the code is betting against it and winning huge somehow. I will research and think about this some more.

first of all this app owner and player is not a winner if you check his history of last year. that he will win sometimes is very normal

all app owners are wagering on their own sites and investors are profiting from this. do you want to stop the owners from wagering on their own sites?

MP is provably fair and we all are glad about it

what is needed is Patience and trust

I never said I had a problem with an owner betting on their own site. I said I would think about it. My gut feeling is that I have no problem with it. But I want to do a little research myself.

The user helpmywallet is clearly up according to his public betting history. I don't know why you are saying otherwise, unless there is something I am missing. https://www.moneypot.com/users/helpmywallet

What helps build trust is everyone's quick responses and clear explanations of what happened. As an investor I appreciate that very much.

[helpmywallet]

Damn helpmywallet is up 45 BTC including his commissions

Well I was -35 and now I'm positive 32 on Bitcoin Dice.
So realistically I've made ~67 over the past few days.

On Betterbets.io I'm -9 and -1.5 on a different site.

Total earnings on and off moneypot this week is around 100

The plan is to slow down and shoot for $1500/ day.

[Practicing Mind]

My "coding" is available for everyone's use and it simply utilizes the moneypot simple dice api. My reckless wagering is against the moneypot bankroll. My winnings or losses are mine to sorrow in or rejoice.

HelpMyWallet

Thank you for posting. Congrats on your win.

[JackpotRacer]

I appreciate the very quick responses. I take back my unverified statements. I was unaware that the Bitcoin Dice site existed. Thank you guys for the clarification.

But this opens up another can of worms, I'm not sure how I feel about the owner of a site gambling large amounts against his own site with a 50% kickback. It seems like he's a pretty big loser on other sites, but a huge winner overall and all because of his site. Not saying he is doing anything wrong, but it doesn't give off the best perception to investors that the guy who wrote the code is betting against it and winning huge somehow. I will research and think about this some more.

first of all this app owner and player is not a winner if you check his history of last year. that he will win sometimes is very normal

all app owners are wagering on their own sites and investors are profiting from this. do you want to stop the owners from wagering on their own sites?

MP is provably fair and we all are glad about it

what is needed is Patience and trust

I never said I had a problem with an owner betting on their own site. I said I would think about it. My gut feeling is that I have no problem with it. But I want to do a little research myself.

The user helpmywallet is clearly up according to his public betting history. I don't know why you are saying otherwise, unless there is something I am missing. https://www.moneypot.com/users/helpmywallet

What helps build trust is everyone's quick responses and clear explanations of what happened. As an investor I appreciate that very much.

just read my postings again. I clearly stated that I know this fine player and app owner way back for a year

the link you gave shows only his stats starting from the day of the take over of the new MP team
so you are missing the months before take over

and every investor should always do his DD no question about that

we as an app owner are glad to see players like helpmywallet winning and again best of luck for him

[Helix61be]

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

[JackpotRacer]

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

[Helix61be]

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

Maybe i shouldn't have put the 25-75% up because that brings confusion about the edge,
But when he loses he gets back 50%btc, when you would do the calculations that would mean he would have to lose way longer or more than he needs to win. How does that not give an edge?
That means losing costs him 50% right? while winning gives him 100%

So please reread again as you are saying the same thing.....

Or to make it clear for me so i understand better, if he would bet 10btc and lose them, how much would he receive back?

[JackpotRacer]

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

Maybe i shouldn't have put the 25-75% up because that brings confusion about the edge,
But when he loses he gets back 50%btc, when you would do the calculations that would mean he would have to lose way longer or more than he needs to win. How does that not give an edge?
That means losing costs him 50% right? while winning gives him 100%

So please reread again as you are saying the same thing.....

sorry if  I explained it not good enough

the app owner gets 50% of the HE of the wager that means

the app/game has an HE of 1% the app owner gets 50% of the 1% HE of the wager

if an app owner wagers at his own app he gets the 50% of the 1% HE of the wagered amount but he does not get back 50% if he loses. he wins 100% or loses 100% of his wager

I hope this time it is better explaind and sorry for my english

edit
an app owner who is also a player at his own app is profit and loss wise the same as any other player who does not own an app

[BBHex]

Am i missing something or does that mean that if he losses it only costs him 50%?
But winning would give him 100%, wouldnt that statistically shift the 49-51% to something like 25-75%,

Betting 10 btc could earn him almost 10btc while losing would cost about 5 right? and that with a win chance of almost 50%

wrong

he gets 50% of the HE of his wager

he wins 10 BTC or loses 10 BTC

Maybe i shouldn't have put the 25-75% up because that brings confusion about the edge,
But when he loses he gets back 50%btc, when you would do the calculations that would mean he would have to lose way longer or more than he needs to win. How does that not give an edge?
That means losing costs him 50% right? while winning gives him 100%

So please reread again as you are saying the same thing.....

Or to make it clear for me so i understand better, if he would bet 10btc and lose them, how much would he receive back?

The app owner will get 50% of the house edge and not 50% of the bet amount, those two are different. A 1btc bet in 1% house edge dice will give the app owner .005btc as commission no matter if the bet losses or wins

[AcoinL.L.C]

The house always has an edge. In helpmywallet's case, his site has a 1.5% house edge.

Say he wagers 10 BTC and wins, he gains 10 BTC + 10*(1.5%/2), or 10.075 BTC. In the event he loses, he is down 10 BTC - 10*(1.5%/2), or 9.925 BTC.

Congrats on the big wins helpmywallet

[Helix61be]

The app owner will get 50% of the house edge and not 50% of the bet amount, those two are different. A 1btc bet in 1% house edge dice will give the app owner .005btc as commission no matter if the bet losses or wins

Ow so what i was missing was that the app owners profit is not variable wich means he doesnt get more or less based on if someone losses or wins right?
then i can follow again, thanks JPR and BBHex

[Helix61be]

The house always has an edge. In helpmywallet's case, his site has a 1.5% house edge.

Say he wagers 10 BTC and wins, he gains 10 BTC + 10*(1.5%/2), or 10.075 BTC. In the event he loses, he is down 10 BTC - 10*(1.5%/2), or 9.925 BTC.

Congrats on the big wins helpmywallet

Yes this just got clear for me, thx for explaining in detail.
On another note,is there a hardcap or a kelly implented because, i remember that it was something for the future but that it wasn't sure?

[JackpotRacer]

The app owner will get 50% of the house edge and not 50% of the bet amount, those two are different. A 1btc bet in 1% house edge dice will give the app owner .005btc as commission no matter if the bet losses or wins

Ow so what i was missing was that the app owners profit is not variable wich means he doesnt get more or less based on if someone losses or wins right?
then i can follow again, thanks JPR and BBHex
[/quote]

now you got it right and sorry for the confusion

the app owner does not lose or win if a player loses or win the investors take the profit or loss

cheers

[AcoinL.L.C]

Largest individual bet I have seen on MoneyPot yet (not payout, but bet): https://www.moneypot.com/bets/309215961

[Practicing Mind]

Wow! Helpmywallet is still going at it.

[helpmywallet]

 
Lost 50 btc in 3 minutes. Anybody want to contribute to my rebuild? Send to Helpmywallet on moneypot. Or Directly to my moneypot wallet.

14BLbyqvC1Y7hnneEkbk2NjboKGZECnbA7

I am at a loss for words with my stupid betting. 

[katerniko1]

Lost 50 btc in 3 minutes. Anybody want to contribute to my rebuild? Send to Helpmywallet on moneypot. Or Directly to my moneypot wallet.

14BLbyqvC1Y7hnneEkbk2NjboKGZECnbA7

I am at a loss for words with my stupid betting. 

honestly you deserved to lose 30btc was not enough to you, noone will donate prob nothing. sorry about your loss but you learned a lesson after you win ~19000usd you stop for a while and cashout some..
regards.
-Katerniko1