🌟🎲🌟 MoneyPot.com

[dooglus]

I was going to quote your other post and respond, but decided against it, as I'd rather just drop it.  I still don't understand why all the site owners can't just create a pact together to help each other out instead of constantly attacking one another.  We'd all be much better off united.

I'm not attacking you. I don't know why you think I am. I hadn't realized until recently just how much commission the investors were paying, and so thought I would point it out in case anyone else was unaware of it. That's nothing against you or your site. It's just information.

Many people hang on to your every word.  If you say it is 'Like' something, many are going to assume that's the way it really is always.  That was my problem.

When I said that it was "like" investors had only kept 15% of their profits or whatever I said, that was because it was true - at the time investors had paid around 85% of their profits back to you and the apps. I wasn't suggesting that taking 85% commission was your policy, just that that is what had happened at the time. As of right now it seems investors have paid well over 100% of their profit as commission:



[edit: made image smaller after receiving complaint about its size via pm]

Anyways, just as a headsup, there is a possibility that we end up locking investments soon so that no new investments can be done and we will be looking to add in more private funds.  We believe the investment situation is highly profitable in the long run.

That's interesting.

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[dooglus]

No like wager size distribution - like what percentage is made up by whales, etc?

Out of the 73,775 BTC wagered so far:

Approximately 5000 Bitcoin wagered is made up of bets of 5 Bitcoin or more.
Approximately 3500 Bitcoin wagered is made up of bets of 1 Bitcoin or more.
Approximately 65,275 Bitcoin wagered is made up of bets below 1 Bitcoin.

added edit; Out of the 735.5 Million bets wagered so far, more than 735 Million bets are made up of bets of below 1 Bitcoin.

When attempting bankroll management it isn't the size of the bet that matters but the size of the potential profit per bet. The biggest payouts I've seen from moneypot have been "jackpot" style bets where the stake is tiny but the payout multiplier is huge (like over a million x). So it would be interesting to see a breakdown based on "target profit" rather than "amount staked".

Also, it doesn't matter what average bet is like, or that the majority of bets are aiming to win small amounts. What matters is the worst case scenario. That is, what kind of expected bankroll growth would investors see if an "angry whale" shows up and aims for the maximum profit over and over. That's the scenario you need to defend against.

[3x1t]

App owners and moneypot owners have no risk whatsoever. They take commision from the wagered bitcoins, investors take the real risk of players gambling against their bankroll. So yes, only investors lost.

App owners incur the cost of hosting the app and the cost of marketing/attracting players to play at their app. MP owners incur the cost of attracting app owners to develop MP apps and to attract players to play at MP, as well as the cost of securing funds, and the various seeds.

A lot of the costs that both app owners and MP owners incur will be incurred regardless of betting volume, so they are risking that betting volumes will not be high enough so that commissions on bets to cover the costs.

On a per bet basis, it is correct to say that MP owners and app owners do not bear any risk on each individual bet, however it is far from accurate to say that they do not bear any risk at all.

Yeah, I was referring to per bet basis as you said it. Didn't take the other costs in consideration.

Nevertheless I'd still say investors' risk is way greater than it should be.

It depends how you look at it. Sites like crypto games and safe dice give 70% ish to investors

but

sites like BetKing are proposing to give just 30% to investors, same as MP

but

BetKing will also share in the losses
So, it's really uncharted territory here that we're in now

Also worth pointing out is that Crypto-Games takes commission AND faucets from the investment pool. So they aren't even covering all the marketing costs -- investors are.

There you go - and I think their faucet is much higher than MP's. Not to mention their rainbot...

Don't make false statements here. Crypto-Games.net Rainbot funds come from owners and donators, investors have nothing with it.

What concerns investments
We (owners) take 30% of the profit/losses! and 70% belongs to investors. Detailed explanation is in our FAQ.

Crypto-Games cant be compared at all to moneypot. There are no apps or something like that. It even seems to be the best deal for investors because the client seed is generated by Math.random. So the site can easiely cheat the users whenever it wants.

This is well known to the owners, because they used same for serverseed at the start, until someone tried to make bank with that knowledge.
So this isnt even provably fair at all, but a pretty good deal for investors.

Ofc this doesnt belong to this thread, but thought i should mention it (;

[gordonhill]

[3x1t]

Overall the current system would in most cases work pretty good for investors. Most casinos make way above 1 % or whatever there houseedge is. In that case there's still "only" the wagerbased percentage which goes to appowners and mp itself.
So if users will yolo biggest part goes to investors.

Thats why I'm not really a friend of capping the maxprofit, even tho I understand investors if they dont want to risk more.
The common case is that big bets end up in big losses.

I dont know how big the bankroll of AOB is, but he wanted to bet higher than the current possible maxbet.
He didnt do any increase bet if whatever happens. Which is pretty smart I guess.

Martingale doesnt work because there are no profits for the gamblers to be made by increasing the betsize to a ridiculous amount, just to win whatever size the startbet has.
Still this is the most played strategy. For this bets the houseedge or however it is distributed to investors etc doesnt matter much because the whales do only a few very big bets and either win or lose.

So what has happend is, way closer to the worst case scenario - where investors could possibly make nothing.

This can happen obviously... and yes its a big risk if a gambler is able to win the whole bankroll with one bet.
It's not expected to happen, but at this point it just needs to happen ONCE and people can try as often as they want or their bankroll allows them.

But it was possible already when ryan owned it no ?
Now someone would need to hit 20 btc for 20 or more times with a ridiculous increased houseedge.

[beber456]

Investor Profit: -17,440,561.81 bits
im glad cause i cashed out my invest  yesterday when it  was at -2,000,000 , not a lot  of bits invested  . btw now its a good time for  invest, dat cant  be worst   logically  ...

[Baryom]

I just saw this message that have been deleted. I am very interested about these accusations. (I am working with him)

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Re: :star2::game_die::star2: MoneyPot.com
Today at 06:57:43 PM
Reply with quote  #2351
"Insider" speaking here on a sock account:
Fucktons of Bitcoins have been stolen from moneypot silently on multiple occasions, one of the ex-devs had server access and boom..

What happened was the dude ddosed moneypot and then used the server access to bet, knowing where he was going to win, this time is different though, he did it in a different way.

Heard he still has access to MP servers to this day. Lol

Funny part is Dogedigital even tried to contact homie and he just str8 up lied to him and said he had meth problems and dogedigital believed him... dumbasses...

[Quickseller]

I just saw this message that have been deleted. I am very interested about these accusations. (I am working with him)

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Re: :star2::game_die::star2: MoneyPot.com
Today at 06:57:43 PM
Reply with quote  #2351
"Insider" speaking here on a sock account:
Fucktons of Bitcoins have been stolen from moneypot silently on multiple occasions, one of the ex-devs had server access and boom..

What happened was the dude ddosed moneypot and then used the server access to bet, knowing where he was going to win, this time is different though, he did it in a different way.

Heard he still has access to MP servers to this day. Lol

Funny part is Dogedigital even tried to contact homie and he just str8 up lied to him and said he had meth problems and dogedigital believed him... dumbasses...

I saw that post as well. It is possible that he is just a troll, as it is as possible that he was telling the truth......it is hard to say which applies.

[MartinL]

Hey. Can we talk?  Who are you?  Are you positive of this?

This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate.

[CrazyCraig]

Hey. Can we talk?  Who are you?  Are you positive of this?

This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate.

This is available to the public at all times: https://www.moneypot.com/proof-of-assets.txt

https://blockchain.info/address/3P5qWEs8CiZ2zNRrEvW1dRo7uJof9yWoZK

[BetKing.io]

Hey. Can we talk?  Who are you?  Are you positive of this?

This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate.

That's actually not proof if he was doing it as a gambler and just cashing out winnings slowly over time.

[CrazyCraig]

Hey. Can we talk?  Who are you?  Are you positive of this?

This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate.

That's actually not proof if he was doing it as a gambler and just cashing out winnings slowly over time.

He asked for proof of solvency. I linked him to our cold address. Regarding proof of user balances etc, we also have https://www.moneypot.com/proof-of-liabilities.txt

[BetKing.io]

Hey. Can we talk?  Who are you?  Are you positive of this?

This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate.

That's actually not proof if he was doing it as a gambler and just cashing out winnings slowly over time.

He asked for proof of solvency. I linked him to our cold address. Regarding proof of user balances etc, we also have https://www.moneypot.com/proof-of-liabilities.txt

He said "This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency" in reference to
"What happened was the dude ddosed moneypot and then used the server access to bet, knowing where he was going to win"

So providing solvency doesn't prove that the guy was not cheating or stealing.

[Quickseller]

Hey. Can we talk?  Who are you?  Are you positive of this?

This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency. Given how many people have access to the servers I think that would be very appropriate.

What that person was claiming was that someone had access to the server seeds of MP, allowing him to place bets that he knew he would win. Having this access would allow someone to win the entire bankroll without detection.

[MartinL]

That's actually not proof if he was doing it as a gambler and just cashing out winnings slowly over time.

He said "This is worrying, but an easy way for MoneyPot to refute these allegations is to provide proof of solvency" in reference to
"What happened was the dude ddosed moneypot and then used the server access to bet, knowing where he was going to win"

So providing solvency doesn't prove that the guy was not cheating or stealing.

What that person was claiming was that someone had access to the server seeds of MP, allowing him to place bets that he knew he would win. Having this access would allow someone to win the entire bankroll without detection.

He also said "this time is different though, he did it in a different way. Heard he still has access to MP servers to this day."

So while proof of solvency would not prove that investors weren't defrauded at all–which is virtually impossible to prove anyways–it would show that funds weren't outright stolen, e.g. from the hot wallet.

[BettorChain.com]

I have already invested on Moneypot in the past.
I would like to know if the funds were discreetly stolen by a malicious person or if Moneypot is simply unlucky.
One thing is certain, the current staff of Moneypot is honest.

[BillyBurns]

I have already invested on Moneypot in the past.
I would like to know if the funds were discreetly stolen by a malicious person or if Moneypot is simply unlucky.
One thing is certain, the current staff of Moneypot is honest.

They are looking into the matter, we just need to be patient until they find some answers.

I saw that in the bitexo chat that AllorBroke said you guys asked him to invest in the bankroll for 30 days, but gave him 15 btc for now.

[CrazyCraig]

I have already invested on Moneypot in the past.
I would like to know if the funds were discreetly stolen by a malicious person or if Moneypot is simply unlucky.
One thing is certain, the current staff of Moneypot is honest.

They are looking into the matter, we just need to be patient until they find some answers.

I saw that in the bitexo chat that AllorBroke said you guys asked him to invest in the bankroll for 30 days, but gave him 15 btc for now.

DogeDigital spoke with him, so I'm not exactly sure of the details. What I do know is that "allorbroke" was sent 15 btc and invested the remaining 56 btc into MoneyPot.

[gamblingbad]

only numbers can prove anything, all other is just talk

[Quickseller]

I have already invested on Moneypot in the past.
I would like to know if the funds were discreetly stolen by a malicious person or if Moneypot is simply unlucky.
One thing is certain, the current staff of Moneypot is honest.

They are looking into the matter, we just need to be patient until they find some answers.

I saw that in the bitexo chat that AllorBroke said you guys asked him to invest in the bankroll for 30 days, but gave him 15 btc for now.

DogeDigital spoke with him, so I'm not exactly sure of the details. What I do know is that "allorbroke" was sent 15 btc and invested the remaining 56 btc into MoneyPot.

Do you know if investing in the bankroll was something that he wanted to do, or was it more like that was his only choice?