.

[ONM]

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640260805

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.  

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

[1714916068]

1714916068

[1714916068]

1714916068

[absy]

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.  

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

You have shared same id for both 1000 bit bet and 10000 bit bet and both 100 bit and 1000 bit bet have same chance of 0.0000799% to hit the JP , so according to you for bets  where JP > 20BTC ( which will be capped to 20 BTC)  will have chance greater than 0.0000799% ?

[ONM]

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.  

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

You have shared same id for both 1000 bit bet and 10000 bit bet and both 100 bit and 1000 bit bet have same chance of 0.0000799% to hit the JP , so according to you for bets  where JP > 20BTC ( which will be capped to 20 BTC)  will have chance greater than 0.0000799% ?

My mistake, thanks for pointing that out.  It's now edited with the correct bet (which to prove my point I had to bet again since there doesn't seem to be a way to see my past bets once I close the window).

[actmyname]

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640260805

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.  

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

Example of a 1% house edge bet: https://www.moneypot.com/bets/640264481

It seems that the 1 mine games (at least initially anyway) have a house edge of 2%.


But haven't we already seen <1% house edge games courtesy of JackpotRacer?

one bet the HE is 2%
https://www.moneypot.com/bets/640070101
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
the payout is wager x 10 000

another one is 0.52% HE
https://www.moneypot.com/bets/640069650
and the probability is 0.0000476837158203125% translated in chance to hit the JP is 1 in 2 097 152 bets
and the payout is wager x 10 000

another one is 0.20% HE
https://www.moneypot.com/bets/640070136
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
and the payout is wager x 10 000

[zupdawg]

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE. 

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

Sorry im kinda lost on your post, where can i see a thing about the jackpot chance on those bet ids? I can't see any jackpot word there

[ONM]

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE. 

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

Sorry im kinda lost on your post, where can i see a thing about the jackpot chance on those bet ids? I can't see any jackpot word there

In the "Advanced" section.  The main payout is a 1.25% profit and the small chance payout is a 10000x profit (on the 100 and 1000 games). 

[JackpotRacer]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

[ONM]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

[Karat]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

ya so actually it takes less amount to hit the jackpot . Owner should take care of all this and end this confusion , he should mention the probability of hitting the jackpot and how many bets once the jackpot is hit . although the HE keeps on changing , idk why . yesterday i bet on doubloon , it was 1.7% HE  , today its 2% .

[JackpotRacer]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

or did I misunderstood your answer thx

[ONM]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

or did I misunderstood your answer thx

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events. 

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%). 

[JackpotRacer]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

or did I misunderstood your answer thx

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events. 

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%). 

I understand how HE works and you are confirming it with
If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

maybe  I dont understand the sweeper HE implementation

user @Bunt said that each click is a new bet and if he is right and IMO he is right
then each bet with 2% HE has its own math and each bet with 0.2% HE has its own math namely according to the sample you agreed on

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

what is your opinion regarding this JP set up? is it a good one? as I mentioned before we are looking for a good JP set up for our sweeper

thx for bearing wth me

[ONM]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

or did I misunderstood your answer thx

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events. 

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%). 

I understand how HE works and you are confirming it with
If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

maybe  I dont understand the sweeper HE implementation

user @Bunt said that each click is a new bet and if he is right and IMO he is right
then each bet with 2% HE has its own math and each bet with 0.2% HE has its own math namely according to the sample you agreed on

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

what is your opinion regarding this JP set up? is it a good one? as I mentioned before we are looking for a good JP set up for our sweeper

thx for bearing wth me

Each click is a new bet, yes.  If I bet 1000 and win 12.5 and click on another square, I'm now betting 1012.5 on that next click.

My opinion is that a 2% house edge is way too high and I personally don't like the 1-in-250k jackpot structure.  It's so infrequent that it'll realistically never hit (for any individual) and because of that drives the effective house edge up even more.  I'd much prefer a jackpot that hits in the 1-in-1000 to 1-in-10000 range.

[JackpotRacer]

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805


lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

or did I misunderstood your answer thx

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events. 

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%). 

I understand how HE works and you are confirming it with
If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

maybe  I dont understand the sweeper HE implementation

user @Bunt said that each click is a new bet and if he is right and IMO he is right
then each bet with 2% HE has its own math and each bet with 0.2% HE has its own math namely according to the sample you agreed on

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

what is your opinion regarding this JP set up? is it a good one? as I mentioned before we are looking for a good JP set up for our sweeper

thx for bearing wth me

Each click is a new bet, yes.  If I bet 1000 and win 12.5 and click on another square, I'm now betting 1012.5 on that next click.

My opinion is that a 2% house edge is way too high and I personally don't like the 1-in-250k jackpot structure.  It's so infrequent that it'll realistically never hit (for any individual) and because of that drives the effective house edge up even more.  I'd much prefer a jackpot that hits in the 1-in-1000 to 1-in-10000 range.

thx for your JP set up feedback.

lets take your proposal of a JP that hits 1 in 1000 bets. to me this JP would hit much to often and would not allow an attractive JP Prize

lets say player wagers 1000 x 1000 bits with a 1% HE= wager is 1 000 000 bits =  app owner and MP/Investors split 1% = 10 000 bits is 5000 bits each side

what should app owner give as a JP prize in case he pays JP like bit exo is doing?
what JP Prize should MP/Investors give?

if each side gives 5000 bits JP Prize they did not earn 1 satoshi

what would be an acceptable JP Prize for this scenario in your opinion?

sure we could do the same for 1 in 10 000 bets chance to hit JP as your 2nd example and we get all numbers x 10

thx again

[zupdawg]

Can anyone confirm, it is not possible now to bet more than 2000bits? I tried to make a bet more than 2000bits but it keeps loading and when i tried to refresh and made small bet it goes through and i tried betting again 2500 bits and it cant

[JackpotRacer]

Can anyone confirm, it is not possible now to bet more than 2000bits? I tried to make a bet more than 2000bits but it keeps loading and when i tried to refresh and made small bet it goes through and i tried betting again 2500 bits and it cant

but user ONM did a bet with 10 000 bits

[Naoko]

Can anyone confirm, it is not possible now to bet more than 2000bits? I tried to make a bet more than 2000bits but it keeps loading and when i tried to refresh and made small bet it goes through and i tried betting again 2500 bits and it cant

but user ONM did a bet with 10 000 bits

that's probably made few minutes before MP team changes some codes in the system not to accept bets more than 2000bits on minesweepers games with JP like that (i guess)

can anyone try to bet more than 2000 bits now and verify this?

tried it with 2001bits bet and confirmed MP not accepting anymore, 2000bits bet goes through

[Emerge]

Glad to see movement and development of Doubloon.
Hope you continue to maintain and improve it.

Regards
Jm

[JackpotRacer]

Glad to see movement and development of Doubloon.
Hope you continue to maintain and improve it.

Regards
Jm

glad to see you are still alive

[Erza]

Glad to see movement and development of Doubloon.
Hope you continue to maintain and improve it.

Regards
Jm

You are the owner of Doubloon right? Why you dont even answer anything about your jackpot confusion? Until now people are confuse about your jackpot and your house edge. Just saw some quote that your site have different kind of house edge on each bet. Mind to explain this and stop all of this confusion?