as moneypot is closing who is next decent bankroll provider?

[davinchi]

The original moneypot was basically a "casino as a service".  The old homepage did a good (imo) job of explaining it:

https://web.archive.org/web/20151127194540/http://moneypot.com/

It was a pretty cool project, made a decent amount of money and had a ton of potential. I just couldn't handle the responsibility of it, and bustabit at the same time -- so decided to sell it. After that it was pretty badly mismanaged on multiple fronts. Some were pretty wtf, like increasing the perfectly configured risk (max of the optimal kelly) to a max of 3.33x that. Even when i provided them simulations that showed an angry whale would guarantee in expected negative bankroll growth and bust the bank, they ignored me. (And no prizes for guessing what came next).


There's definitely a few things I'd do differently if I did it again, but I think it was fundamentally a good idea that someone (who is not me) should revive  

The good part is, moneypot didn't require to put up the bankroll themselves neither, it was the perfect business model but required a lot of coding in order to be unpenetrable. That one website was only place required for all investors to put up money to become bankroll and than casinos used that bankroll however gamblers lost so the casino made a bit and investors made a bit as well.

I agree that someone should revive it but the required coding and the calculations is not something everyone can achieve, as you stated moneypot after you got greedy and lost money, so as you can see not everyone can do calculations like you.

I would love to have a website like moneypot for example but I wouldn't even know where to start as I am a person who only knows wordpress a bit and that's it . So, it is not that easy to revive it and than the marketing part starts which becomes even a bigger problem later on. Its really not an easy task at all.

[JackpotRacer]

The original moneypot was basically a "casino as a service".  The old homepage did a good (imo) job of explaining it:

https://web.archive.org/web/20151127194540/http://moneypot.com/

It was a pretty cool project, made a decent amount of money and had a ton of potential. I just couldn't handle the responsibility of it, and bustabit at the same time -- so decided to sell it. After that it was pretty badly mismanaged on multiple fronts. Some were pretty wtf, like increasing the perfectly configured risk (max of the optimal kelly) to a max of 3.33x that. Even when i provided them simulations that showed an angry whale would guarantee in expected negative bankroll growth and bust the bank, they ignored me. (And no prizes for guessing what came next).


There's definitely a few things I'd do differently if I did it again, but I think it was fundamentally a good idea that someone (who is not me) should revive  

The good part is, moneypot didn't require to put up the bankroll themselves neither, it was the perfect business model but required a lot of coding in order to be unpenetrable. That one website was only place required for all investors to put up money to become bankroll and than casinos used that bankroll however gamblers lost so the casino made a bit and investors made a bit as well.

I agree that someone should revive it but the required coding and the calculations is not something everyone can achieve, as you stated moneypot after you got greedy and lost money, so as you can see not everyone can do calculations like you.

I would love to have a website like moneypot for example but I wouldn't even know where to start as I am a person who only knows wordpress a bit and that's it . So, it is not that easy to revive it and than the marketing part starts which becomes even a bigger problem later on. Its really not an easy task at all.

well said! regarding the marketing part I disagree, it will be easy and cheap

[B_UN1T]

Give me a few days to think about it. I will have a hard week at Office till sunday so it will take a few more days.
But the fire is kindled by my side!

As i sayed i will send out a few pms next week!

[audaciousbeing]

There is no point looking for the replacement of moneypot because there cannot be another moneypot. Even if a platform launches and modelled after moneypot, its more likely to be tagged an imposter in the market space. What is needed is another platform ready to fill the gap that moneypot will be leaving behind and looking at how to make it better other than thinking of replacing it. Someone else will take up the challenge or we look for other ways to survive without the services being provided by moneypot.

[lambd]

So let's make it. Have free time, resources and cash.

[BTCevo]

There is no point looking for the replacement of moneypot because there cannot be another moneypot. Even if a platform launches and modelled after moneypot, its more likely to be tagged an imposter in the market space. What is needed is another platform ready to fill the gap that moneypot will be leaving behind and looking at how to make it better other than thinking of replacing it. Someone else will take up the challenge or we look for other ways to survive without the services being provided by moneypot.

Why? I do not think by creating any of this bankroll provider will give you guys a lot of disadvantages. As far as I know, last time they only have some dice games that puts them into huge wagering. Their wagering is really huge as well but because of a little mistake, many of the investors start to move out their money and no games that want to join them again. If only there is more games use their service, I believe they will regain back their loss

[Spaffin]

I am sure that questions about bankroll are interesting and very important for my gamblers.  But I think that the strategy for using your bankroll should be correct.  First of all, you need to divide your bankroll into several Room.  I think that this approach will be much better even from the side of the human psyche, but also such a strategy will provide more opportunities at some point to choose the most profitable tournaments.

[panjul07]

There is no point looking for the replacement of moneypot because there cannot be another moneypot. Even if a platform launches and modelled after moneypot, its more likely to be tagged an imposter in the market space. What is needed is another platform ready to fill the gap that moneypot will be leaving behind and looking at how to make it better other than thinking of replacing it. Someone else will take up the challenge or we look for other ways to survive without the services being provided by moneypot.

Providing project which is similar to older project cant be called as imposter, as long as the new project is reliable enough then the community will be very kind to welcome the project. Moneypot was the only one project that lets people owns a gambling apps although they have low budget for bankroll purpose. So a replacement or an alternative of moneypot will be very good news for most people in this forum especially those who are used to use moneypot in the past.

[lambd]

Any updates?

[BTCDice.io]

We launched a new dice site at https://btcdice.io

We are planning on a bankroll provider and casino as a service provider similar to what MoneyPot did.

If there are any app developers who would like to be part of the new platform pm to discuss. We can work together on porting your old app or help with new ones.

[JackpotRacer]

We launched a new dice site at https://btcdice.io

We are planning on a bankroll provider and casino as a service provider similar to what MoneyPot did.

If there are any app developers who would like to be part of the new platform pm to discuss. We can work together on porting your old app or help with new ones.

how about explaining a bit more in a thread and not in PM?

best of luck

[el kaka22]

I don't really understand why the world would need another moneypot to begin with, don't get me wrong and good luck on your future business, hopefully you will get many casinos tied to you, yet in the end casinos figured out to get bankrolls from other people all by themselves as well, so now they don't really need to use moneypot or any other similar place.

Just start your casino, open up an investor side and let the cash flow in for you, you would risk absolutely nothing and at the same time still keep profiting, sure self invested ones are profiting more but that way casinos do not risk anything at all and still profit like crazy. Moneypot was something amazing when it first came out and was something very much needed at that time, in 2020 it looks useless.