Moneypot question......

[MartinL]

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.

Unlike price movements in a market, the game results generated by MoneyPot are statistically independent. So while trends can certainly (randomly) appear, they are not indicative of future results. And since MoneyPot only accepts wagers with a positive expected value for the house, the chance of a downtrend breaking should be higher than the chance of a downtrend continuing.

[Superhitech]

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.

Unlike price movements in a market, the game results generated by MoneyPot are statistically independent. So while trends can certainly (randomly) appear, they are not indicative of future results. And since MoneyPot only accepts wagers with a positive expected value for the house, the chance of a downtrend breaking should be higher than the chance of a downtrend continuing.

Very true, however I'd say that in my opinion, MoneyPot is on one of those random trends, as it has been declining for a while now.
Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

[hopenotlate]

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that  you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

[hua_hui]

- 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.

You are not wrong if you say trend can be a good friend for analysis. But the problem with your analysis is that you dont have the big picture.
Do you also know that betking also have their down period for a month or so before it shoot back up? You say it is good because it is in an upward trend now. But if you invest a few month ago, you will beg differently. To me, both moneypot and betking looks good as investment tools cause they have strong daily wages and strong daily volume. This should be the key. And moneypot has a smaller bankroll so you will have more profits.
2ndly, if you have a short term to invest, any stocks or casino or anything is not good for you to invest in, invest is only good in the long run. You have to speculate for short term gain and not investment.

[lorylore]

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that  you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

I think what he is trying to mean is that different applications have different house edge. That is why he said that overall the moneypot has profits from different sources with different house edge.

[hopenotlate]

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that  you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

I think what he is trying to mean is that different applications have different house edge. That is why he said that overall the moneypot has profits from different sources with different house edge.

I have to disagree with you: that bolded part is a clear reference to Bustabit game strategy 

[Superhitech]

Also, MoneyPot does have a variable house edge, so perhaps at the moment people are using the bonus cashout strategy and it's working for them.

However, I think you do have a good point, like you said, the house edge will get them eventually, so investing is always a good option.

I think you missed the matter discussed here: reading your comment I can guess you are talking about the old MoneyPot game (now called Bustabit) instead the actual MoneyPot that is a gambling wallet holding a global bankroll (that  you can invest in) and with lost of applications (gambling sites) implemented in; and you can tranfer istantly, and without any fee, your BTC between your wallet , apps implemented and global bankroll (investing/divesting option).

I think what he is trying to mean is that different applications have different house edge. That is why he said that overall the moneypot has profits from different sources with different house edge.

I have to disagree with you: that bolded part is a clear reference to Bustabit game strategy 

Yes, unfortunately I did mix up moneypot and bustabit for some reason, my bad, you are correct.
I'll have to find proof that trends work for gambling site investments, (which I think to be true, but I could also be completely wrong) but until then, we'll just have to assume and invest for long term.

[hopenotlate]

-snip-
I'll have to find proof that trends work for gambling site investments, (which I think to be true, but I could also be completely wrong) but until then, we'll just have to assume and invest for long term.

yeah that's the point of this matter. 

Assuming no one find an exploit to cheat gambling sites in the long run ( for long I mean years) they will win a percentage on total wagered very close to house edge.

In moneypot this calculation is a bit more complex because total bankroll is used to finance different apps (gambling sites) each one with their own house edge ( so we should calculate a weighted average of the amounts wagered for the respectives house edge ...I think).

But the bigger is the total wagered the closer to house edge the profit will be. But variance may be a real bitch.