Question about moneypot

[lclclc223]

Just a few questions from the perspective of an interested current investor:

1) Can Ryan explain the difference between EV (which I take to be expected value) and expected bankroll growth?

2) Does MoneyPot charge commissions if the gambler wins?

3)

In the short run, the investment can reach high volatility that can either win or lose the investor a high amount of Bitcoin.  Such as the previously mentioned example, in the short term, this could mean that a quick loss of 100 Bitcoin at a 1% House edge would result in as high as a 99.3 profit to bankroll.  The commission would be 70% of the house edge on the wagered amount, in this rare case, a 7% commission.  It does not mean that commission is 70% and that Moneypot would take 70% of 100 Bitcoin.  

Where is the 7% coming from?

4) Can you make a definitions page clearly outlining what each piece of jargon means? In fact, that would be very beneficial even here, as your use of the word commission changes from time to time here as well...

5) The kelly is not actually not that confusing. I think most investors would understand if you write that "based on a mathematical formula known as the kelly criterion, the most that an investor could lose on a bet with 1% house edge is 1%, the most that an investor could lose on a bet with 2% house edge is 2%, ect"

[lclclc223]

So by investing in moneypot at a max bet of 3x, I run the risk of...

Also, why is it 3x? Is that just rounded from 3.333333333? Or is it 3?

[lclclc223]

So what is the new maximum bet going to be?

[lclclc223]

Of course, this would mean that the longer it takes to reach that, the more exponentially larger the bet the theoretical whale would have to bet.  All bets received by the investor would still be +EV (positive expected value bets) and the investor has access to pull their investment at any given time.  

This makes sense to me, but that's because I've been researching the kelly for a few days now. In my opinion, the average investor would not understand that although they initially seem to be making money, when the point to stop would be. I doubt the average investor would be able to "pull their investment" at the right time. And, if the bankroll reaches zero, I can promise you that regardless of what explaining you do, people will call you a scam (also MP would lose its money).

Also, could you work out a new commissions system? Maybe a hard percentage on all winnings?

Thirdly, would you mind answering the question I posted several days ago, about how much of the bankroll MP controls?

Lastly, have you thought about a referral system for investors? Or will that just decrease the cut the each of us gets?

[lclclc223]

Fair enough, so what about the referral system?

[hua_hui]

Fair enough, so what about the referral system?

when did moneypot have a referral system? it is kind of sad that i dont know about this when i have been using moneypot for a long time.

[lclclc223]

Fair enough, so what about the referral system?

when did moneypot have a referral system? it is kind of sad that i dont know about this when i have been using moneypot for a long time.

I meant they should make one

[lclclc223]

Hey, this one's for doge: is there any way to find out, other than sheer luck, which person is causing the investor profit to rise at such a fast rate?

[hua_hui]

well, the moneypot is to provide the bankroll for the diff app. itself need not any advertisement so there is no need to have a referral system. however, you can consider finding some of the app that offer referral system to tap on it.

[mobnepal]

As i have also invested in moneypot wallet before i know few things regarding how those calculation works. Bankroll chabge with new investor and divest from old investor. You will only get profit or loss from the point of your invest onwards. Investors profit also get fluctuate with every win and loss of players in whole moneypot gambling platform. I know one ocassion where investor  profit goes red suddenly from green as one of the player hit jackpot in plinko game. So only invest which you can afford to loss.

[lclclc223]

Also for dogedigital: what about keeping the max win (for gamblers) or loss (for investors) based off of the investor profit? That way there will always be positive cumulative profit?

[lclclc223]

Thanks for taking that into consideration. Also, why is there a 0.01 bit fee for investors? I know it's insignificant but my OCD is wondering

[lclclc223]

When I invest, the amount in the investment is less than the amount in the original wallet.

[lclclc223]

Nah, when I move it from my moneypot raw account to investing

[lclclc223]

It's alright for now. Follow up question: so you said that investors are at risk of around 3x kelly. Right now the bankroll is 424,225,832.74, and assuming 1% is the house edge by the crazy gambler fellow who's losses helped boost my investment by around 10%, then even if they won, then the investors collectively would only lose around 3% of what we currently have, right?

[lclclc223]

Does the investor profit tab under stats account for the 70% cut taken? Or is it just the net amount that the gamblers have lost?

[hua_hui]

As i have also invested in moneypot wallet before i know few things regarding how those calculation works. Bankroll chabge with new investor and divest from old investor. You will only get profit or loss from the point of your invest onwards. Investors profit also get fluctuate with every win and loss of players in whole moneypot gambling platform. I know one ocassion where investor  profit goes red suddenly from green as one of the player hit jackpot in plinko game. So only invest which you can afford to loss.

i also remember this. The win is super huge and it makes a super big dent in the investment stat. It also takes away 1/4 to 1/2 of the profits. And i still can remember we have a lengthy discussion about this bet.

[fullypak]

As i have also invested in moneypot wallet before i know few things regarding how those calculation works. Bankroll chabge with new investor and divest from old investor. You will only get profit or loss from the point of your invest onwards. Investors profit also get fluctuate with every win and loss of players in whole moneypot gambling platform. I know one ocassion where investor  profit goes red suddenly from green as one of the player hit jackpot in plinko game. So only invest which you can afford to loss.

That is very true because any money investing on any casinos are high risky but there is a chance that one can get more profits, if they invest in it and same time they also can lose it fast. So if you want to be safer side then put your money in few good sites instead keeping all your invests in only one site. Investing in good gambling sites is better then gambling.

[JackpotRacer]

5) The kelly is not actually not that confusing. I think most investors would understand if you write that "based on a mathematical formula known as the kelly criterion, the most that an investor could lose on a bet with 1% house edge is 1%, the most that an investor could lose on a bet with 2% house edge is 2%, ect"

I really enjoined this discussion as a spectator but now I thought to jump in because OP is absolutely right with 5) that kelly criterion is actually not that confusing.

and thx to RHavar for trying to straighten out some very important points

[lclclc223]

Thanks! If doge is still reading this, could he say whether the investors profit number includes the 70% cut?