🌟🎲🌟 MoneyPot.com

[Xanidas]

We are re-balancing things.

I think people vastly under estimate the costs that both app owners and Moneypot owners have to take on.

App Owners and Moneypot Owners both took a cut in the new changes that will take place.  It will be also be made that for the period of the announcement going backward, all the investors invested at that point will stand to have made bitcoin from their past investment.

I honestly don't know what else investors could ask for.  If Moneypot wasn't expanding our services and focusing on development all while committing ourselves to the people who are part of Moneypot, we would have already taken the bankroll private because it is a great position to be in.

With Moneypot, you get multiple sites that you are invested into with many more to come in the next year not to mention several new products that should lead to increased traffic and volume.

Moneypot Owners take on a great deal amount of risk that goes beyond just bitcoin and we end up with one of the lowest cuts in the industry.  I'd also argue that our costs are higher than most sites as well.

Again thanks for your explanation and somehow I'm not convinced with your explanation that owners only come forward to take the cut when investors make money but when investors lose money don't want to take part of it.

Anyway, you're the owner of the site, and you can decide the rules, and I can decide whether want to invest or not.

Nothing is personal here....

Edit -

If that is applicable, then you should also consider implementing MP and App owners need to pay investors 10% each, if Investor loses money for any particular week then I think it is a balanced formula otherwise it is biased to help only MP and App owners..

The point is that it is supposed to be biased. They run the platforms/apps where people bet with, and need BTC to run things.

When you run a business then should be ready to take a loss as well but if you want to be always safer side then it is not balanced. No one is forcing to run a show but they are running because they are making profit. That is the logic..

Don't forget the cost of running an app and writing the script, app owners would pay domain, hosting and promotion which investors don't take part so it will cost more for the app owners specially if there are only very few bet volume on his/her app. If you think app owners make much profit, you can try hiring someone to make mp script for you, pay him and buy domain plus hosting and extra expense on promotion if you want. How much would you need only for those things?

One more thing, app owners bring players to fight with the investors and giving them the edge

If an app owner will have to lose money if someone wins big, i think he would rather be an investor instead of wasting money running his own app. Right?

By your statement you clearly wants an app owner to be owner and investor at the same time. Why not ask every investor to make their own app instead?

[klf]

At the end of the week they pay 10% of their profit to the apps, and 10% to MP; that's 0.5 BTC to each.

Get it now?

You mean to say only at the end of each week profit and losses are distributed to investors, app developers and owners?

What happens if any investors withdraw their investment in the middle of the week? Whether they will get money based on last weeks calculations?

[chris200x9]

Can somebody explain to me how profit and losses sharing will works here?

Case one - player wins 1 BTC from any moneypot app in single bet.

What I know is -

40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC

Investors need to pay - 1BTC+ 0.004+0.001 = 1.005BTC in total will disappear from the investors account.

Case two - player losses 1 BTC in any moneypot app in single bet.

What I know is -

40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC
40% to investors - ( 40% of the house edge) equals to - 0.004 BTC

All together is 0.009 BTC

If we deduct this 0.009 BTC from 1 BTC = 0.991 BTC

Please explain to me who will take this 0.991 BTC and how it will be distributed

I know my understanding is not correct. Thanks

40% of the house edge goes to app owners
10% of the house edge goes to MP
so 50% of the house edge is going to the investors

of the profit investors make from their 50% of the house edge, app owners and MP each get 10%; that represents a further 5% of the house edge for each

so the investors end up getting 40% of the house edge

---

For your specific examples:

when the player wins a 1 BTC bet (at 2x) the app gets 0.004, MP gets 0.001, and the investors pay 1.005
when the player loses a 1 BTC bet the app gets 0.004, MP gets 0.001, and the investors get 0.995

but then, at the end of the week, the investors pay 20% of their net profit: 10% to the apps, and 10% to MP.

So suppose there were 1000 bets in the week. All of them were for 1 BTC at 2x, with a 49.5% chance of winning. A house edge of 1%.
Suppose 495 of them won and 505 of them lost. That's the expected result.

On each of the 495 winning bets the investors pay out 1.005; they pay a total of 1.005 * 495 = 497.475
On each of the 505 losing bets the investors earn 0.995; they earn a total of 0.995 * 505 = 502.475
Their net profit is 502.475 - 497.475 = 5 on a total amount wagered of 1000. That's 50% of the house edge.

At the end of the week they pay 10% of their profit to the apps, and 10% to MP; that's 0.5 BTC to each.
They are left with a profit of 4. That's 40% of the house edge.

Get it now?

Yes, I got it now. It is a detailed post.

Maybe will try first with small amount even though I heard last few months investors are not making a profit. Hope you guys will fix all those new plans soon.

[fiscorcle]

Can somebody explain to me how profit and losses sharing will works here?

Case one - player wins 1 BTC from any moneypot app in single bet.

What I know is -

40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC

Investors need to pay - 1BTC+ 0.004+0.001 = 1.005BTC in total will disappear from the investors account.

Case two - player losses 1 BTC in any moneypot app in single bet.

What I know is -

40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC
40% to investors - ( 40% of the house edge) equals to - 0.004 BTC

All together is 0.009 BTC

If we deduct this 0.009 BTC from 1 BTC = 0.991 BTC

Please explain to me who will take this 0.991 BTC and how it will be distributed

I know my understanding is not correct. Thanks

40% of the house edge goes to app owners
10% of the house edge goes to MP
so 50% of the house edge is going to the investors

of the profit investors make from their 50% of the house edge, app owners and MP each get 10%; that represents a further 5% of the house edge for each

so the investors end up getting 40% of the house edge

---

For your specific examples:

when the player wins a 1 BTC bet (at 2x) the app gets 0.004, MP gets 0.001, and the investors pay 1.005
when the player loses a 1 BTC bet the app gets 0.004, MP gets 0.001, and the investors get 0.995

but then, at the end of the week, the investors pay 20% of their net profit: 10% to the apps, and 10% to MP.

So suppose there were 1000 bets in the week. All of them were for 1 BTC at 2x, with a 49.5% chance of winning. A house edge of 1%.
Suppose 495 of them won and 505 of them lost. That's the expected result.

On each of the 495 winning bets the investors pay out 1.005; they pay a total of 1.005 * 495 = 497.475
On each of the 505 losing bets the investors earn 0.995; they earn a total of 0.995 * 505 = 502.475
Their net profit is 502.475 - 497.475 = 5 on a total amount wagered of 1000. That's 50% of the house edge.

At the end of the week they pay 10% of their profit to the apps, and 10% to MP; that's 0.5 BTC to each.
They are left with a profit of 4. That's 40% of the house edge.

Get it now?

It is a good explanation, and everyone can easily understand this simple maths.

Just want to get more understanding on last part. Why do investors need to pay 10% to both MP and App owners if they make a profit at the end of each week? Any specific reason for that?

If that is applicable, then you should also consider implementing MP and App owners need to pay investors 10% each, if Investor loses money for any particular week then I think it is a balanced formula otherwise it is biased to help only MP and App owners.

Investors are always losers in this investment and it is just my feeling because I too lost my money in this investment and if you come up with better profit sharing then I would like to re-enter again.

I hope everyone will support for this logic if you think it without biased mindset.

They are essentially paying them a salary. Probably justified given how much work they put in

[DarkStar_]

Maximum multiplier: 9900x

I don't see the point in this to be honest. If I wanted to run an app like Dust Lottery, with the new changes, all I'd have to do is stack multiple smaller multiplier bets together. I could set a side a little bit to pay players if they reach 4/6 correct and lose on the 5th, do the same with 5/6 correct and pay the set aside BTC if they win the final bet. It would require more programming, and require more bets which would be slower, but still work.

[AcoinL.L.C]

Maximum multiplier: 9900x

I don't see the point in this to be honest. If I wanted to run an app like Dust Lottery, with the new changes, all I'd have to do is stack multiple smaller multiplier bets together. I could set a side a little bit to pay players if they reach 4/6 correct and lose on the 5th, do the same with 5/6 correct and pay the set aside BTC if they win the final bet. It would require more programming, and require more bets which would be slower, but still work.

Attempts to circumvent our rules would result in having API service cut off.


Few whales today (including allorbroke who is currently on Bit-exo)

Happy holiday season!

[BITDV]

Re-Launch of BtcDragon Casino https://bitcointalk.org/index.php?topic=1724891.0

https://www.moneypot.com/apps/1406-btcdragon-casino

come check us out!!

[dooglus]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

[fiscorcle]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

[DarkStar_]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

What if it isn't done automatically? If I created an app, had the player place the first bet, and if he won, I could have them press a button that says continue or cashout, and keep going till I won 7 BTC from 70 satoshi or another amount.

Or what if placing a bet tips the amount to a site owned bot (or having the player directly place a bet like what I outlined), which would bet 1 BTC and 70 satoshi, with a chance to either lose 70 satoshi (very high chance), a chance to win 1 BTC and x amount for 4/6, a chance to win 1 BTC and x amount for 5/6, and 8 BTC? (using Dust Lottery's current set up as an example)

[fiscorcle]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

What if it isn't done automatically? If I created an app, had the player place the first bet, and if he won, I could have them press a button that says continue or cashout, and keep going till I won 7 BTC from 70 satoshi or another amount.

Or what if placing a bet tips the amount to a site owned bot (or having the player directly place a bet like what I outlined), which would bet 1 BTC and 70 satoshi, with a chance to either lose 70 satoshi (very high chance), a chance to win 1 BTC and x amount for 4/6, a chance to win 1 BTC and x amount for 5/6, and 8 BTC? (using Dust Lottery's current set up as an example)

Well, first there are no more forced tips I believe I saw. Second, if you have to decide in between the first and second bets, then that's a completely different situation.  I really don't see how you see them the same at all

[fiscorcle]

New Rules are going live in the immediate future:

Maximum win 0.5% of bankroll (once commission is changed, will be closer to 1x kelly -- kelly options will be added at a later date)
Minimum house edge of 0.5% (bets below will be rejected by system).


New Measures:

Apps will be cleaned up in preparation for new app levels.  Seriously inactive and broken sites will be deleted.

In the new year, the investor credit plan and personal statistics will be available on each player's profile page.

Any usernames deemed to imitate an other account will be banned (for example: using an upper case ' i ' to act as a lower case ' l ' )

I know this is probably the last thing on y'all's mind now, but any word on v2 and rubies?

[dooglus]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

Maybe I'm misunderstanding how it works but I thought the app just does whatever the user asks it to do. The user asks the app to play two 1000x bets in a row, so the app passes the requests on to MP. How is MP meant to know whether the bets were initiated by a real user or by the app itself? And why would it care?

If MP investors are happy to bankroll a 1000x bet of 100 satoshis, paying out 100k satoshis, and also to bankroll a bet of 100k satoshis paying out 1 BTC, would they really not be willing to bankroll those two bets one after the other? It seems unfair to cut off an app because one of its users got too lucky.

Suppose I start with 100 satoshis and try to repeatedly double it on 2x bets. After my 10th win in a row I will have 1024x'ed my starting bet. Will the app have its MP service cut off because it has circumvented the 1000x limit rule? I think the new rules need to be more clearly stated.

[JackpotRacer]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

Maybe I'm misunderstanding how it works but I thought the app just does whatever the user asks it to do. The user asks the app to play two 1000x bets in a row, so the app passes the requests on to MP. How is MP meant to know whether the bets were initiated by a real user or by the app itself? And why would it care?

If MP investors are happy to bankroll a 1000x bet of 100 satoshis, paying out 100k satoshis, and also to bankroll a bet of 100k satoshis paying out 1 BTC, would they really not be willing to bankroll those two bets one after the other? It seems unfair to cut off an app because one of its users got too lucky.

Suppose I start with 100 satoshis and try to repeatedly double it on 2x bets. After my 10th win in a row I will have 1024x'ed my starting bet. Will the app have its MP service cut off because it has circumvented the 1000x limit rule? I think the new rules need to be more clearly stated.

hi

now I am confused or lets see

I understand max multiplier will be x9900

max profit will be 0.5% of BR

what you are describing is martingale and why should martingale be not allowed? a player cant win more than 0.5% of the BR anyway so his martingale attempt will be stopped latest when max profit is reached and MP will not accept next bet that would need to pay out more than 0.5% of BR

please correct me if I am wrong or more confused now

I agree a more detailed explanation would be very much appreciated because the discussion looks all about dust lottery and dust lottery cant work with a x9900 multiplayer anyway

edit
with martingale I mean reverse martingale = Paroli

[BoXXoB]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

Maybe I'm misunderstanding how it works but I thought the app just does whatever the user asks it to do. The user asks the app to play two 1000x bets in a row, so the app passes the requests on to MP. How is MP meant to know whether the bets were initiated by a real user or by the app itself? And why would it care?

If MP investors are happy to bankroll a 1000x bet of 100 satoshis, paying out 100k satoshis, and also to bankroll a bet of 100k satoshis paying out 1 BTC, would they really not be willing to bankroll those two bets one after the other? It seems unfair to cut off an app because one of its users got too lucky.

Suppose I start with 100 satoshis and try to repeatedly double it on 2x bets. After my 10th win in a row I will have 1024x'ed my starting bet. Will the app have its MP service cut off because it has circumvented the 1000x limit rule? I think the new rules need to be more clearly stated.

hi

now I am confused or lets see

I understand max multiplier will be x9900

max profit will be 0.5% of BR

what you are describing is martingale and why should martingale be not allowed? a player cant win more than 0.5% of the BR anyway so his martingale attempt will be stopped latest when max profit is reached and MP will not accept next bet that would need to pay out more than 0.5% of BR

please correct me if I am wrong or more confused now

I agree a more detailed explanation would be very much appreciated because the discussion looks all about dust lottery and dust lottery cant work with a x9900 multiplayer anyway

edit
with martingale I mean reverse martingale = Paroli

I think what he means is if someone manages to multiply their balance by 1024x (or possibly anything else that exceeds their limit) doing reverse martingale , should that be considered circumventing their rules. If not, where does the line go?

[fiscorcle]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

Maybe I'm misunderstanding how it works but I thought the app just does whatever the user asks it to do. The user asks the app to play two 1000x bets in a row, so the app passes the requests on to MP. How is MP meant to know whether the bets were initiated by a real user or by the app itself? And why would it care?

If MP investors are happy to bankroll a 1000x bet of 100 satoshis, paying out 100k satoshis, and also to bankroll a bet of 100k satoshis paying out 1 BTC, would they really not be willing to bankroll those two bets one after the other? It seems unfair to cut off an app because one of its users got too lucky.

Suppose I start with 100 satoshis and try to repeatedly double it on 2x bets. After my 10th win in a row I will have 1024x'ed my starting bet. Will the app have its MP service cut off because it has circumvented the 1000x limit rule? I think the new rules need to be more clearly stated.

hi

now I am confused or lets see

I understand max multiplier will be x9900

max profit will be 0.5% of BR

what you are describing is martingale and why should martingale be not allowed? a player cant win more than 0.5% of the BR anyway so his martingale attempt will be stopped latest when max profit is reached and MP will not accept next bet that would need to pay out more than 0.5% of BR

please correct me if I am wrong or more confused now

I agree a more detailed explanation would be very much appreciated because the discussion looks all about dust lottery and dust lottery cant work with a x9900 multiplayer anyway

edit
with martingale I mean reverse martingale = Paroli

I think what he means is if someone manages to multiply their balance by 1024x (or possibly anything else that exceeds their limit) doing reverse martingale , should that be considered circumventing their rules. If not, where does the line go?

I mean mathematically they're equivalent, so I gotta think that they're looking at the psychological side of it. Making 10 consecutive bets like that (assuming it's a high value wager) would be harder than making one "aw fuck it" bet. Those aw fuck it bets are the ones that break the bank

[DarkStar_]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

What if it isn't done automatically? If I created an app, had the player place the first bet, and if he won, I could have them press a button that says continue or cashout, and keep going till I won 7 BTC from 70 satoshi or another amount.

Or what if placing a bet tips the amount to a site owned bot (or having the player directly place a bet like what I outlined), which would bet 1 BTC and 70 satoshi, with a chance to either lose 70 satoshi (very high chance), a chance to win 1 BTC and x amount for 4/6, a chance to win 1 BTC and x amount for 5/6, and 8 BTC? (using Dust Lottery's current set up as an example)

Well, first there are no more forced tips I believe I saw. Second, if you have to decide in between the first and second bets, then that's a completely different situation.  I really don't see how you see them the same at all

They are different. I'm simply asking because someone could run a game like that, and add an auto betting feature where it would cash out after x wins. People that wanted to play dust lottery could do that, and it wouldn't be circumventing the rules I think.

[fiscorcle]

Maximum multiplier: 9900x

[...] all I'd have to do is stack multiple smaller multiplier bets together [...]

Attempts to circumvent our rules would result in having API service cut off.

Are you saying that if I make a small bet at 1,000x and win, then place the winnings on another 1,000x bet I would be "attempting to circumvent your rules", because the net win would be 1,000,000x?

No, but if the app does it, I assume they would be attempting to circumvent the rules

What if it isn't done automatically? If I created an app, had the player place the first bet, and if he won, I could have them press a button that says continue or cashout, and keep going till I won 7 BTC from 70 satoshi or another amount.

Or what if placing a bet tips the amount to a site owned bot (or having the player directly place a bet like what I outlined), which would bet 1 BTC and 70 satoshi, with a chance to either lose 70 satoshi (very high chance), a chance to win 1 BTC and x amount for 4/6, a chance to win 1 BTC and x amount for 5/6, and 8 BTC? (using Dust Lottery's current set up as an example)

Well, first there are no more forced tips I believe I saw. Second, if you have to decide in between the first and second bets, then that's a completely different situation.  I really don't see how you see them the same at all

They are different. I'm simply asking because someone could run a game like that, and add an auto betting feature where it would cash out after x wins. People that wanted to play dust lottery could do that, and it wouldn't be circumventing the rules I think.

Lol then you might be in violation - I can't speak to that then

[joksim299]

I do not see the point in limiting maximum multiplier to 9900x , other dice sites allow multiplier of up to 990000x (for example betking).
You probably should ask investors at what kelly they want to use its nicely implemented at new dice site.

New changes will prevent big percentage of bankroll to be won at once however it will also limit growth rate.

[dooglus]

I understand max multiplier will be x9900

what you are describing is martingale

My bad. I missed a zero.

I was describing a reverse martinglae where you double on win, not on loss.

Using a reverse martingale it's possible to turn 1 satoshi into a million satoshis, by doubling 20 times. Since you would be 1000000x'ing your starting balance would you be attempting to break the rules? That was what I was asking.

But it sounds like the rules aren't really decided upon yet, so there's no point trying to get clarity until they are.