Moneypot question......

[RecklessModding]

As i have been deciding to use their site for a dice site, i'm a little confused on their split with app devs.

They say 50% split of house edge. Could someone help me understand it a bit.

[betong]

direct your question here
https://bitcointalk.org/index.php?topic=1020726.0

[Slark]

As i have been deciding to use their site for a dice site, i'm a little confused on their split with app devs.

They say 50% split of house edge. Could someone help me understand it a bit.

You don't know what House Edge is? It is build in advantage of every casino game. Basically it is the profit casino get from every bet.
Different casino games have diffrent HE. For example industry standard for Dice is 1% for Roulette is about 5%, Slots 10%-15%

If you use MoneyPot you will be sharing your profits (as the House) from House Edge with them fifty-fifty.

[MartinL]

direct your question here
https://bitcointalk.org/index.php?topic=1020726.0

That thread has been closed for over ten months. The current thread can be found here.

[MartinL]

As i have been deciding to use their site for a dice site, i'm a little confused on their split with app devs.

They say 50% split of house edge. Could someone help me understand it a bit.

The house edge is what a casino can expect to earn on every wager. If a casino offers a 1 % house edge and a player bets $100, it can expect to make $1. Obviously it is unlikely that a player loses exactly $1 on a $100 bet–sometimes he will win and sometimes he will lose. But after many wagers the casino's profit will converge on 1 % of the sum of all wagers.

MoneyPot gives applications half of the house edge on every wager. If the casino from the example above used MoneyPot, it would receive $0.50 (half of 1 % of $100) immediately, regardless of whether the player won or lost his bet.

[TheBlues]

how i can investment in moneypot
and how much reward or return in moneypot

[Lutpin]

So you want to run your own moneypot app "casino"/"dice site", but you got no clue what the house edge is?
Can't see any way this might be going wrong,...not one.

[hopenotlate]

how i can investment in moneypot
and how much reward or return in moneypot

Just open an account on Moneypot and make a deposit in your account: then you will find the "invest" option that allows you to do so istantly and without any fee.

Return is not fixed nor knowable someway in advance: investing in moneypot basically means you provide your money to house bankroll; so when players, of all different apps implemented in MP, lose  you win and viceversa.

If I got it right, ipotetically you may assume in the long run you will see your investiments growing by a percentage equal to average houses edge, of all MP apps,  weighted by the respective wagering volumes.  But lady variance will likely disagree with this

[fullypak]

how i can investment in moneypot
and how much reward or return in moneypot

In any casino, investments will not come with fixed amount of profit, but over the time you will make a profit if casino makes a profit from house edge. You can find details like how much moneypot has given profit from the last couple of months from this thread. https://bitcointalk.org/index.php?topic=1585408.msg16491928#msg16491928

Last few months they are not doing good and investors are in lose.

[maku]

Op, I will suggest you don't necessarily want start your own site. Instead a better option for you  would be investing in casinos' bankroll.
If I can suggest - with latest statistics I recommend not using MoneyPot for that  (they noted big losses recently) but instead use BetKing or CryptoGames.

[klf]

It not only just creating a website but you also need to spend lot of money and time to market your new site otherwise you will not get a players to play on your site because already many trusted sites are there to consider unless you come up with a unique game which is not in the market and interesting to attract gamblers.

[Superhitech]

It not only just creating a website but you also need to spend lot of money and time to market your new site otherwise you will not get a players to play on your site because already many trusted sites are there to consider unless you come up with a unique game which is not in the market and interesting to attract gamblers.

Did you post in the wrong thread? That isn't related to OP's question.

A lot of people in this thread seem to misunderstand OP's question and giving him a hard time, perhaps OP could clarify.

From what I understand, the answer to OP's question is the profit from his gambling site will be split 50/50 with moneypot, since they provide the bankroll.

[hua_hui]

how i can investment in moneypot
and how much reward or return in moneypot

You can open an account with moneypot, deposit ur btc into it. There is an investment tab where you can choose to invest and when you think u want to take out the money, just click on divest. The profit is depend on the casinos. If the players lose, your investment will go up, if the players win, your investment will go down. There is no promise it will be profit but the house edge should make the moneypot to be profit in the long run.

[shadobitz]

how i can investment in moneypot
and how much reward or return in moneypot

Better you learn first what risks are involve in it because investment in any gambling casino's bankroll is very risky and have similarity with gambling, so if you are thinking it can make guaranteed profit for you than you could be get disappointed with that mind, nobody can tell you how much reward or return you will get there.

[hua_hui]

how i can investment in moneypot
and how much reward or return in moneypot

In any casino, investments will not come with fixed amount of profit, but over the time you will make a profit if casino makes a profit from house edge. You can find details like how much moneypot has given profit from the last couple of months from this thread. https://bitcointalk.org/index.php?topic=1585408.msg16491928#msg16491928

Last few months they are not doing good and investors are in lose.

Yup, i have been holding it for a long time and the past 2 months, everytime i check, the amount just keep going down and down. However, they have been profit a lot since last year so now the down period is understandable.

[btcdevil]

how i can investment in moneypot
and how much reward or return in moneypot

Investing in gambling casino site is most same like playing in casino only difference is that when you start to play in casino loss chances are 99% but when you go for investing in casino gambling sites it becomes 50 50 % chances as if any user wins jackpot and withdraw it then that gambling site can do nothing but will forward the loss in investment.

So you cannot say con firmly you will get profit or not and how much ?

[hopenotlate]

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that  (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones. 

[klf]

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that  (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones.  

True, but no one knows what is the exact reason why moneypot not doing good for the last few months? At least if you know, the reason then can wait for better days to come. If you don't know then it is better to move to some other casinos until moneypot fix it.

[MartinL]

True, but no one knows what is the exact reason why moneypot not doing good for the last few months? At least if you know, the reason then can wait for better days to come. If you don't know then it is better to move to some other casinos until moneypot fix it.

That reasoning does not make much sense either.

If you assume MoneyPot to be trustworthy, then any past divergence from the expected value is explained by variance. In that case, investing in MoneyPot has a positive expected value regardless of recent results and investing now is just as good as investing later. In fact, one could argue that investing now is better as the same investment after a recent loss by MoneyPot would acquire a greater share of the bankroll–and therefore claim to MoneyPot's profits–than after a recent gain.

On the other hand, if you do not believe MoneyPot to be trustworthy, then you should not invest regardless of whether doing so would have been profitable in recent history or not.

[Superhitech]

- snip -
If I can suggest - with latest statistics I recommend not using MoneyPot for that  (they noted big losses recently) but instead use BetKing or CryptoGames.

This advice doesn't make any sense: past trends don't influence in any way future ones. 

Very good point, but sometimes trends will continue. For example, the price of oil has been declining for a few months, and is continuing to follow the trend of declining. Investing in oil right now for short term would not be a good decision. Of course, if you have money to spare, you could invest in wait for the price to rise, but if you need the money in the short term it wouldn't be advisable.

I wouldn't say don't invest in moneypot, as it is very trustworthy, just if you invest in moneypot, plan to invest for the long term.