MP owner said that they will have max winning limit of 20btc, what do you think about it JackpotRacer?
It will force you to remove some bet amounts on the dustlottery game, at least it will be only up to 250 satoshi bet to win 20btc on 6/49 lottery.
hi and thank you for the question
yes MP announced
https://bitcointalk.org/index.php?topic=1366689.msg16642406#msg16642406
In 3 days time, we will be limiting the max win to 20 bitcoin.
This serves to lessen the risk of ruin for our investors.
We will be changing all references to kelly and updating our terms in the meantime.
New policy measures are currently being analyzed and reviewed. We will be announcing changes shortly.
Thank you for your understanding.IMO this is a stupid move and shows that MP and/or Investors have no clue of Kelly Criterion
if it will hurt us? yes
but we as all MP apps are not earning anyway and we are still Dust to BTC
if it will hurt MP/Investors? yes and much more than us or other apps cause Kelly Criterion is a healthy way to build up the Bank Roll if done right and MP never used KC in a healthy way and I said this long ago and will say it again. to offer high KC is wrong and dangerous and to offer KC to low will also have the contrary effect and will build a BR to slow and Investors will complain soon that they dont earn and will go elsewhere. a casino business and casino BR if handled right is the best business and always profitable in the long run. by saying that it means that Investors need to be invested long term and not short term. but if you look at MP Investors you will see they always jump when there was a player who won big. sorry those are not casino BR Investors cause players need to win sometimes if not it would be a short term business. and what do you think where players will go to wager when the max win of a casino is low?
they will go where the money and the action is easy as that. in any way MP and Investors will have a lose lose situation in the long run with this kind of KC handling.
time will tell and prove it to all. real players and whales will go where they can gamble and not just losing time only. and where whales are wagering the Dustys will follow them and be there to watch and get rain.
Winnings like the last one of 72 BTC or the big Plinko hit on Plinkopot that happened longer ago should be used to advertise cause there is no better advertisement for a casino than a big winner! a big loser is a good advertisement to attract stupid Investors but not players.
MP had never a problem with risking more than 80% of the BR with one wager and you can read this back in the forum when there were discussions about this and I told them it is crazy to risk more than 80% of a BR. now they have a problem with a 10% loss and a chance of this is 1 in 13 983 816 bets
what will happen when some players will win a few times 20 BTC ? will they move the max down to 10 or 5 BTC? yes for sure cause Investors will say hey we are losing lol
but what then? then you are on the floor and cant go lower and that will mean you reached the end of the business
lets take RHavar BaB he did advertise a loss now of about 300 BTC did he lower the max win? no and there is no reason why if he has the BR and he for sure has the BR cause no one would use a max win that high to lose the BR with one hit but MP did yes. there is no better advertisement than a big winner and RHavar knows that.
or lets take Dean from Betking. he is always showing the big players and winners. this is what attrtacts other players and spectators and Dustys
we always said that MP business model is a very good idea if handled right
lets wait and see = Popcorn and Coke
good luck
