BTCevo
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November 16, 2016, 12:15:18 AM |
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How can you compare moneypot to other site? Moneypot has many apps on that so to have many bets per roll is possible thing. But if you compare to each apps to other site I dont think moneypot can win either, only fewa apps that really can close enough to other sites. What is really matter is how much can each sites get from their btc wagered not from the total bets they play
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DarkStar_
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November 16, 2016, 12:28:34 AM |
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How can you compare moneypot to other site?
By taking a look at the statistics and comparing them with other sites? How else? Moneypot has many apps on that so to have many bets per roll is possible thing.
That is the main feature of moneypot - allowing anyone to create their own app with different games. But if you compare to each apps to other site I dont think moneypot can win either, only fewa apps that really can close enough to other sites.
BetterBets has the largest wagered amount for an app on Moneypot, and they can probably compete. Anyway, they are just different games. Would you use the stats of Plinko, Dice, Roulette and BitSpin for comparing BitVest.io or just one? What is really matter is how much can each sites get from their btc wagered not from the total bets they play
More bets usually equals more BTC wagered.
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taking a break - expect delayed responses
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AcoinL.L.C
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November 16, 2016, 01:07:43 AM |
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We've gone ahead and credited the players that were affected out of pocket.
There were four 50,000 bits wagers that had won the main bet but carried along a sidejackpot that exceeded the 20BTC cap. They were all fully refunded and allowed to keep the winnings (they all resulted in winning bets).
There were a few dust lottery that barely exceeded the 20 BTC cap. These players were credited with an amount that covered well above the summation of their bets.
That's a good way of resolving things. Well done. We've been doing at least 2,500,000 a day for a while.
BK does about 75k, BD does about 100k, (edit) CG about 1.8M, SatD about 300k, and SD 500,000.
I've put my signature now to 'As many bets as all other crowdfunded casinos combined' which I believe is a fair statement that can be backed by the data available
Just-Dice.com is a crowdfunded casino. It had 20 million bets in the last 7 days. That's about 2.85 million bets per day. In the 710 days that the site has been up it has had 2.024 billion bets. That's also 2.85 million bets per day. Now Just-Dice uses CLAMs, not BTC. But can it really be true that Just-Dice has more bets than any other crowdfunded casino? That seems unlikely to me, given the relative lack of interest in CLAM.Either way, your "As many bets as all other crowdfunded casinos combined" is clearly wrong. You don't even have as many bets as Just-Dice, let alone more than all the others combined. Stats are publicly available for every crowd funded site, MoneyPot handles the most bets per day out of all of them (Bitcoin denominated).
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RHavar
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November 16, 2016, 02:10:04 AM |
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Just a general remark, but I think "bets per day" is kind of a useless metric. Easily >99.9% of all bets are just dust and worse than just being dust, they're all automatically placed so don't even correlation with user interactions (that applies to all sites, including my own).
Perhaps a slightly more interesting metric would be "real bets per day", where a "real" bet is defined by someone betting more than $1 USD (equiv) for a payout greater than 1x.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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CrazyCraig
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November 16, 2016, 08:52:10 PM |
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Provably.io is officially live! Check out our thread and our contest thread for a chance to win an Xbox One S!!!
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BoXXoB
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November 17, 2016, 11:28:48 AM |
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Just a general remark, but I think "bets per day" is kind of a useless metric. Easily >99.9% of all bets are just dust and worse than just being dust, they're all automatically placed so don't even correlation with user interactions (that applies to all sites, including my own).
Perhaps a slightly more interesting metric would be "real bets per day", where a "real" bet is defined by someone betting more than $1 USD (equiv) for a payout greater than 1x.
This would pretty much clear out the misleading information and leave us with the most informative statistics. Good idea. Great news. Will be taking a look as soon as I get a chance. The first look gives a great impression!
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gamblingbad
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November 17, 2016, 02:40:32 PM Last edit: November 17, 2016, 02:52:53 PM by gamblingbad |
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Just a general remark, but I think "bets per day" is kind of a useless metric. Easily >99.9% of all bets are just dust and worse than just being dust, they're all automatically placed so don't even correlation with user interactions (that applies to all sites, including my own).
Perhaps a slightly more interesting metric would be "real bets per day", where a "real" bet is defined by someone betting more than $1 USD (equiv) for a payout greater than 1x.
Easier just messure by wager per day, week, month or wager x (house egde % / 100)
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CrazyCraig
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November 17, 2016, 04:24:02 PM |
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Max win bug has been fixed. If the bet exceeds the set threshold it will return an error: 'POSSIBLE_WIN_TOO_HIGH'.
Please update your apps to accommodate.
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Emerge
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November 17, 2016, 04:34:17 PM |
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I agree completely with Ryan. Especially since most of these sites you listed have faucets in them, most users just play faucet money portions long enough on lowest odds and claim again hoping to win huge :/
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alexbilodeau
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November 17, 2016, 11:15:35 PM |
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Hello MoneyPot,
We are creating a website and we may be dealing with moneypot. I have a few questions: 1-Does the Hot wallet contain enough bitcoins if I bring high-rollers? (how much approximately) 2-What is the minimum house edge? 3-What is the biggest payout?
Thank you!
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CrazyCraig
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November 17, 2016, 11:31:09 PM |
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Hello MoneyPot,
We are creating a website and we may be dealing with moneypot. I have a few questions: 1-Does the Hot wallet contain enough bitcoins if I bring high-rollers? (how much approximately) 2-What is the minimum house edge? 3-What is the biggest payout?
Thank you!
1. The hot wallet balance varies but generally large enough to cover high rollers 2. .05% I believe 3. 1% of the bankroll
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alexbilodeau
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November 18, 2016, 12:11:08 AM |
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Thank you CrazyCraig for the answer. Congrats for your website also.
Is it possible to have a more precise answer regarding the hot wallet? Any admin here? If I have a siteweb at moneypot, my players will be able to wager a lot of bitcoins. Thank you!
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Michail1
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November 18, 2016, 12:20:26 AM |
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Thank you CrazyCraig for the answer. Congrats for your website also.
Is it possible to have a more precise answer regarding the hot wallet? Any admin here? If I have a siteweb at moneypot, my players will be able to wager a lot of bitcoins. Thank you!
Why would you ask about the hot wallet? To me, I would want to make sure there is NOT a lot of coins in a hot wallet to ensure that even if there is a hack (or even a cheat), that you don't have to worry about many coins being lost. Personally, I would rather there be little to none in a hotwallet. I would want to cause the pain of not being able to pull out a lot of coins (high roller or not) to ensure this type of security.
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CrazyCraig
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November 18, 2016, 12:29:22 AM |
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Thank you CrazyCraig for the answer. Congrats for your website also.
Is it possible to have a more precise answer regarding the hot wallet? Any admin here? If I have a siteweb at moneypot, my players will be able to wager a lot of bitcoins. Thank you!
I am an admin. For security reasons, I'm not disclosing the amount in the hot wallet.
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DarkStar_
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November 18, 2016, 12:33:45 AM |
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1. The hot wallet balance varies but generally large enough to cover high rollers 2. .05% I believe 3. 1% of the bankroll
I'm confused. AFAIK, the max win was equal to the house edge of the app he was betting at, in terms of percentage, with a cap of 20 BTC. (1% edge = 1% of bankroll). Is this still the case, or was the change made without an announcement? Also, a bit over a month ago, you accepted 0.01% edge bets, and I don't think an announcement was made about the change. Is it possible to have a more precise answer regarding the hot wallet?
It's better to keep it hidden so hackers have to guess to whether it's worth it for not rather than knowing.
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taking a break - expect delayed responses
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CrazyCraig
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November 18, 2016, 01:19:35 AM |
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1. The hot wallet balance varies but generally large enough to cover high rollers 2. .05% I believe 3. 1% of the bankroll
I'm confused. AFAIK, the max win was equal to the house edge of the app he was betting at, in terms of percentage, with a cap of 20 BTC. (1% edge = 1% of bankroll). Is this still the case, or was the change made without an announcement? Also, a bit over a month ago, you accepted 0.01% edge bets, and I don't think an announcement was made about the change. Is it possible to have a more precise answer regarding the hot wallet?
It's better to keep it hidden so hackers have to guess to whether it's worth it for not rather than knowing. The max win is relative to the house edge in a sense, but the win amount is still capped at 1% of the bankroll.
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Lanzador
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November 19, 2016, 08:36:40 PM |
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Any update on the Rubies / v2 implementation? Almost 2/3rds through November at this point, haven't heard anything recently.
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BitMaxz
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BTC price road to $80k
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November 19, 2016, 08:46:46 PM |
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Hi would like to ask if how much the minimum investment that can make profit or how to start run investment in moneypot.. i have some investment there but looks like 2 weeks there is nothing happens i mean no decrease or profit have been made.. Or it needs to invest more than 1 btc..
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DarkStar_
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November 19, 2016, 09:06:19 PM |
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Hi would like to ask if how much the minimum investment that can make profit or how to start run investment in moneypot.. i have some investment there but looks like 2 weeks there is nothing happens i mean no decrease or profit have been made.. Or it needs to invest more than 1 btc..
You probably need at least 100 bits to do decently. Anyway, your profit/loss is relative to your investment size, and the size doesn't affect whether you will make a profit or not. Here is an example: Alice invests 1 BTC, and Bob invests 0.1 BTC. The house makes a profit of 5%, after fees in the first day. Bob would now have 0.105 BTC, while Alice would have 1.05 BTC. Profit has been pretty slow recently.
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taking a break - expect delayed responses
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BitMaxz
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November 19, 2016, 09:14:19 PM |
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Hi would like to ask if how much the minimum investment that can make profit or how to start run investment in moneypot.. i have some investment there but looks like 2 weeks there is nothing happens i mean no decrease or profit have been made.. Or it needs to invest more than 1 btc..
You probably need at least 100 bits to do decently. Anyway, your profit/loss is relative to your investment size, and the size doesn't affect whether you will make a profit or not. Here is an example: Alice invests 1 BTC, and Bob invests 0.1 BTC. The house makes a profit of 5%, after fees in the first day. Bob would now have 0.105 BTC, while Alice would have 1.05 BTC. Profit has been pretty slow recently. How we can monitor that there is steak or amount added or profit added to my investment since i check only the history but only deposit investment history that i can seen.. Sorry for noob question and its been long time ago when i was invest and i do not know if my investment there is increase or not because i gamble some and make a profit in some games and invest my profit..
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