🌟🎲🌟 MoneyPot.com

[wormat22]

No one can bet +EV on MP bankrolll. App owners have to deposit to their apps if they want to allow +EV bets

[mia_houston]

i have an idea im sure you are know RBIES just wondering if there is a game that only use for RIBIES example like slot,dice minisweeper etc i think will be good at least it help the development RABIES and hope RBIES great on the future,,im talking only RBIES here...correct me if im wrong. thanks

[Deuceisgood]

No one can bet +EV on MP bankrolll. App owners have to deposit to their apps if they want to allow +EV bets

I'm not suggesting it is -EV to outside investors, but maybe -EV to MP principals, as a support/promotion mechanism for app developers? I think I saw a post suggesting such ... if I have a moment I'll try to find it.

[Deuceisgood]

i have an idea im sure you are know RBIES just wondering if there is a game that only use for RIBIES example like slot,dice minisweeper etc i think will be good at least it help the development RABIES and hope RBIES great on the future,,im talking only RBIES here...correct me if im wrong. thanks

There is: Betterbets has a game called C.O.R.E. that, last I played, only uses Rubies. Give it a try. That said, Betterbets guys have said they plan to relaunch Rubies in another form, or relaunch them? So I think a lot of related development may be on hold as they plan and prepare for said relaunch.

[mia_houston]

i have an idea im sure you are know RBIES just wondering if there is a game that only use for RIBIES example like slot,dice minisweeper etc i think will be good at least it help the development RABIES and hope RBIES great on the future,,im talking only RBIES here...correct me if im wrong. thanks

There is: Betterbets has a game called C.O.R.E. that, last I played, only uses Rubies. Give it a try. That said, Betterbets guys have said they plan to relaunch Rubies in another form, or relaunch them? So I think a lot of related development may be on hold as they plan and prepare for said relaunch.

if like that i also like to hear and looking for new information about RBIES in bettersbets,hope they are give great surprise for us.thanks for it

[Deuceisgood]

if like that i also like to hear and looking for new information about RBIES in bettersbets,hope they are give great surprise for us.thanks for it

For a Rubies-specific discussion check this:

https://bitcointalk.org/index.php?topic=1364104.1340

[Quickseller]

A question for the board:

I have some vague recollection of reading something to the effect that app owners have some ability to bet on their own app with a +EV. Is this true?

App owners have the ability to deposit funds to MP, and use those funds as a bankroll for their own site. The bets the app owner would be making would be initiated by the players playing on the app.

It is not all that different from an app owner investing in the global MP bankroll.

[Deuceisgood]

A question for the board:

I have some vague recollection of reading something to the effect that app owners have some ability to bet on their own app with a +EV. Is this true?

App owners have the ability to deposit funds to MP, and use those funds as a bankroll for their own site. The bets the app owner would be making would be initiated by the players playing on the app.

It is not all that different from an app owner investing in the global MP bankroll.

You mean to say that app owners are able to deposit funds on MP, and then segregate those funds to be available exclusively on their app? Do they share vig or edge with MP principals on those bets?

Is it exactly the same as an app owner investing in the global MP bankroll, or is it different? How, specifically, is it different?

Thank you. I'm not trying to be difficult. Just trying to understand.

[mia_houston]

if like that i also like to hear and looking for new information about RBIES in bettersbets,hope they are give great surprise for us.thanks for it

For a Rubies-specific discussion check this:

https://bitcointalk.org/index.php?topic=1364104.1340

yeah bud i know im talking about game who only for RBIES not BTC etc,nvm bud

just think making a game only fir RBIES via moneypot btw thanks appreciatte

[cazkooo]

copypasta is at it again with some crazy bets, up 50btc already
nice to see

Going to be some pretty big variance.

(S)he's both won and lost a few 2-4btc bets each.

Well I think it is not really variance and the profit is now shifting towards the standard of the house edge. So far betterbets has over 200 bitcoin more than what they get in average so losing a few bitcoins wont really matter , it will only shows how legit moneypot is because we seldom has a big winners around here

[ethereumhunter]

good looking website, simple, great design, visitor can see clearly the point is and understand what kind this website. and especially its fast loading with my low internet connection. its good when i see minimum investment is only 1bit (100satoshi) so we can try for its low amount first to trying this website. i think its a complete one solution website for gamblers.

[cazkooo]

its good when i see minimum investment is only 1bit (100satoshi) so we can try for its low amount first to trying this website.

Well what are you going to do with 1 bits? You wont really got any profit or anything at all from investing your 1 bits in moneypot.if you wish to have some real experience then try to get atleast 0.2 bitcoin for the current bankroll to get atleast 0.1% stake for the bankroll and experience the thrill yourself

[Quickseller]

A question for the board:

I have some vague recollection of reading something to the effect that app owners have some ability to bet on their own app with a +EV. Is this true?

App owners have the ability to deposit funds to MP, and use those funds as a bankroll for their own site. The bets the app owner would be making would be initiated by the players playing on the app.

It is not all that different from an app owner investing in the global MP bankroll.

You mean to say that app owners are able to deposit funds on MP, and then segregate those funds to be available exclusively on their app? Do they share vig or edge with MP principals on those bets?

Is it exactly the same as an app owner investing in the global MP bankroll, or is it different? How, specifically, is it different?

Thank you. I'm not trying to be difficult. Just trying to understand.

I understand that the bankroll will be exclusively available on the app (and that a different set of seeds will be used for bets that can be supported by the app's bankroll).

I understand it to be different then investing in the MP global bankroll because your bankroll will only apply to your app and your bankroll will have the right of first refusal of any bet received by a player of your app. If may be beneficial to invest in your app's bankroll if your app has significant betting volume and most of the bets placed in your app are generally smaller bets. It would also be beneficial to invest in your app's bankroll if players tend to place progressive betting strategies, the beginning of which your bankroll can support, but cannot support as the bets get large -- for example, if your app's bankroll can handle bets as large as 1 BTC, you have someone who is making 49.5% bets that increases 2x on loss with a starting bet of 0.01, then your bankroll would handle the bets up to .64 BTC, and the MP bankroll would handle bets 1.28 and up, however as a player incurs a long loosing streak, your bankroll will profit, while the MP bankroll will payout the larger wins - so if someone were to make 8 bets in the above fashion, the first 7 of which lose, and the last one wins, then your bankroll will profit in the amounts of .01, .02, .04, .08, .16, .32, and .64 (total profit 1.27), and the MP bankroll will payout a win of 1.28. On the flip side however, your bankroll will need to sustain losses for every bet that is a win for the player in the above type of sequence that is less then 7 consecutive losses.   

I am not sure if MP takes a cut from each bet placed with an app's bankroll, however I would assume that they do.

Maybe dogedigital or another of the MP owners can give more information.

[Deuceisgood]

I understand it to be different then investing in the MP global bankroll ...

Ok, that sort of makes sense. If I had developed an app I would like that feature a lot, so makes sense. And of course MP doesn't include those bets in the site statistics because they would throw off the calculations for bankroll profit, or require more parsing of data ... ok. I'd be curious to know how much Betterbets or the other apps actually use this feature. I would guess BB uses it as you suggest, to some extent, less likely the other apps.

[stingleword]

No one can bet +EV on MP bankrolll. App owners have to deposit to their apps if they want to allow +EV bets

I'm not suggesting it is -EV to outside investors, but maybe -EV to MP principals, as a support/promotion mechanism for app developers? I think I saw a post suggesting such ... if I have a moment I'll try to find it.

Lots of questions, let me try to explain.

The MoneyPot engine accepts -EV (Kelly Compliant) wagers against *its own bankroll* for any app. The MoneyPot engine can also service any wager (even +EV wagers) against an apps' individual bankroll. +EV wagers are only accepted when authorized by an app backend; apps that use "implicit flow" (frontend only) do not have this option available to them at all. (LuckyBit Micro and LuckyBit Derby are implicit flow apps.) MoneyPot will not service a +EV wager if the app requesting it does not have the balance to pay it out. This type of bet does not affect investment: the MoneyPot bankroll is untouched.

[JackpotRacer]

No one can bet +EV on MP bankrolll. App owners have to deposit to their apps if they want to allow +EV bets

I'm not suggesting it is -EV to outside investors, but maybe -EV to MP principals, as a support/promotion mechanism for app developers? I think I saw a post suggesting such ... if I have a moment I'll try to find it.

Lots of questions, let me try to explain.

The MoneyPot engine accepts -EV (Kelly Compliant) wagers against *its own bankroll* for any app. The MoneyPot engine can also service any wager (even +EV wagers) against an apps' individual bankroll. +EV wagers are only accepted when authorized by an app backend; apps that use "implicit flow" (frontend only) do not have this option available to them at all. (LuckyBit Micro and LuckyBit Derby are implicit flow apps.) MoneyPot will not service a +EV wager if the app requesting it does not have the balance to pay it out. This type of bet does not affect investment: the MoneyPot bankroll is untouched.

I thought one question was if an app owner can use his own bank roll with a MP app and if yes how much is the MP share? please correct me if I am wrong.

[AcoinL.L.C]

No one can bet +EV on MP bankrolll. App owners have to deposit to their apps if they want to allow +EV bets

I'm not suggesting it is -EV to outside investors, but maybe -EV to MP principals, as a support/promotion mechanism for app developers? I think I saw a post suggesting such ... if I have a moment I'll try to find it.

Lots of questions, let me try to explain.

The MoneyPot engine accepts -EV (Kelly Compliant) wagers against *its own bankroll* for any app. The MoneyPot engine can also service any wager (even +EV wagers) against an apps' individual bankroll. +EV wagers are only accepted when authorized by an app backend; apps that use "implicit flow" (frontend only) do not have this option available to them at all. (LuckyBit Micro and LuckyBit Derby are implicit flow apps.) MoneyPot will not service a +EV wager if the app requesting it does not have the balance to pay it out. This type of bet does not affect investment: the MoneyPot bankroll is untouched.

I thought one question was if an app owner can use his own bank roll with a MP app and if yes how much is the MP share? please correct me if I am wrong.

To answer a few questions:

Apps can be set up to run on their own BR and kick back bets larger than what they can handle to MoneyPot. This takes a bit of extra coding on the app owner's end, and in the future we may or may not allow this if it becomes an issue (i.e. every app starts doing it), right now no active MoneyPot site does this I believe.

As far as app owners betting EV+: This is false. As stingleword said, MoneyPot's bankroll only accepts bets that are Kelly compliant (EV+ for bankroll). App owners do bet on their own sites, however they make up a very minor portion of the site volume.

[hua_hui]

No one can bet +EV on MP bankrolll. App owners have to deposit to their apps if they want to allow +EV bets

I'm not suggesting it is -EV to outside investors, but maybe -EV to MP principals, as a support/promotion mechanism for app developers? I think I saw a post suggesting such ... if I have a moment I'll try to find it.

Lots of questions, let me try to explain.

The MoneyPot engine accepts -EV (Kelly Compliant) wagers against *its own bankroll* for any app. The MoneyPot engine can also service any wager (even +EV wagers) against an apps' individual bankroll. +EV wagers are only accepted when authorized by an app backend; apps that use "implicit flow" (frontend only) do not have this option available to them at all. (LuckyBit Micro and LuckyBit Derby are implicit flow apps.) MoneyPot will not service a +EV wager if the app requesting it does not have the balance to pay it out. This type of bet does not affect investment: the MoneyPot bankroll is untouched.

I thought one question was if an app owner can use his own bank roll with a MP app and if yes how much is the MP share? please correct me if I am wrong.

To answer a few questions:

Apps can be set up to run on their own BR and kick back bets larger than what they can handle to MoneyPot. This takes a bit of extra coding on the app owner's end, and in the future we may or may not allow this if it becomes an issue (i.e. every app starts doing it), right now no active MoneyPot site does this I believe.

As far as app owners betting EV+: This is false. As stingleword said, MoneyPot's bankroll only accepts bets that are Kelly compliant (EV+ for bankroll). App owners do bet on their own sites, however they make up a very minor portion of the site volume.

Thanks for clearing things up. When i saw people asking such valid questions, i also start to worry about the system. Thanks for clarifying with us and this makes me believe that the MP team is really very delicate to this projects.

[WEBcreator]

App owners do bet on their own sites, however they make up a very minor portion of the site volume.

Let me help in crunching down some simple number to help understand this.

Assuming that an app owner wager 100 bitcoin of volume in his 1 % house edge site, that gives him half of the house edge back to him as app owner

So 50 % of 1 % house edge * 100 bitcoins = 0.5 bitcoin

Assuming that there is no variance or anything at all, he will lose 1 bitcoin for every 100 bitcoins volume

Which means he lose approx 0.5 bitcoin every 100 bitcoin volume

In the end it will be the same as normal player betting on a 0.5 % house edge?

P.S : Is the share of app profit still 50 % of the house edge?

[hua_hui]

App owners do bet on their own sites, however they make up a very minor portion of the site volume.

Let me help in crunching down some simple number to help understand this.

Assuming that an app owner wager 100 bitcoin of volume in his 1 % house edge site, that gives him half of the house edge back to him as app owner

So 50 % of 1 % house edge * 100 bitcoins = 0.5 bitcoin

Assuming that there is no variance or anything at all, he will lose 1 bitcoin for every 100 bitcoins volume

Which means he lose approx 0.5 bitcoin every 100 bitcoin volume

In the end it will be the same as normal player betting on a 0.5 % house edge?

P.S : Is the share of app profit still 50 % of the house edge?

Your calculation is right. So basically, it is like losing 1 btc but you still are able to get back 50% of it which is 0.5btc back. However, i remember that it is not 50%. I remember there is one time i hear that it also factor in on the fee for campaign signatures and some other misc stuffs.