MoneyPot - Crash with the lowest house edge

[dimonstration]

Can you clarify whether it's alright to create multiple accounts on your site without abusing any promotions etc?

Why would anyone need a multi account? Isn't it a common practice in gambling sites not to have multi account or your will be banned or lose your money with them?

This is correct. The introduction of loyalty rewards and other promotion makes casino very strict on multiple account which is not a big deal before when casino doesn’t have promotion.

I remember, I really like having multiple account on popular dice game before because I usually change account when I feel that I’m unlucky on one of my account. This is just my personal belief but sometimes playing using fresh account gives me more confidence before.

But the current casino ToS usually forbid anyone to multi account now due to potential promotion abuse.

[so98nn]

Crash hunt competition in games and round sections would be an excellent addition. I am sure players would like to play in a casino with such a low house edge. This platform needs a little more exposure all over the forum and the internet as well.

Competition is always nice but I think it should be also available on the site. They can run special bitcointalk competition although I'm not sure if the interest will be good enough. As proven by many other competitions in this forum, the number of participants is not that big. We have so many active members in the gambling board but only few of them are real gamblers who will be willing to participate in such competition. On site promotions/competitions will be a better option to give something back to real players.

I have dual feelings for this because I have seen the best of both worlds. This forum is full of gamblers but not all are involved in the competition and that's true but it is also true that most gamblers would take the role of watchers. What I mean is, that they would usually just check how these participants are doing in the game and see the fun from their desks. However, this slowly causes them to think about the casino and they also start playing the casino on the official site. This becomes an indirect type of marketing for most of the gambling sites and I think it is still good.

The other way where casino launches promos and codes on their own website is also best since it's happening under the official domain and most of the players do like it that way for better confidentiality and trust. I think its fine both ways the MoneyPot chose.

It is just the question of how much importance to which type of promo?

[Shishir99]

Competition is always nice but I think it should be also available on the site. They can run special bitcointalk competition although I'm not sure if the interest will be good enough. As proven by many other competitions in this forum, the number of participants is not that big. We have so many active members in the gambling board but only few of them are real gamblers who will be willing to participate in such competition. On site promotions/competitions will be a better option to give something back to real players.

There are some genuine gamblers. But if you see people who do not participate in some competitions, there are several reasons for that. Some competitions are too competitive, and others are too complicated to complete. Players are unlikely to test if you put too many restrictions on a competition. The prize pool depends on that as well. For example, you offer a one mBTC prize pool where a player can lose more than that to get a winning result. Since this is a competition, you must give something to bring new players. If two players compete for a 1mBTC prize pool, that's enough for a startup platform. You will have more participants in the next round.

[bettercrypto]

Well, Moneypot, you are always welcome here in the forum as long as you give happiness to everyone here. You can still give a variety of games to enjoy by the gamblers because of the features you have in your platform. But I just wondered, since this moneypot was founded in 2015, if it hadn't become too noisy here in the crypto industry. Though I never heard any issues about your platform,

Why did the moneypot come back just now? Is the competition fierce? Is it hard to keep up with the big and well-known crypto casino gambling industry?

[Madnet1990]

Oh wow so Moneypot is back! I used to pay there back in the day, welcome back. Lets see if this time goes any better, i hope it does. The site looks good, ill be sure to give it a try

[Shishir99]

Well, Moneypot, you are always welcome here in the forum as long as you give happiness to everyone here. You can still give a variety of games to enjoy by the gamblers because of the features you have in your platform. But I just wondered, since this moneypot was founded in 2015, if it hadn't become too noisy here in the crypto industry. Though I never heard any issues about your platform,

Why did the moneypot come back just now? Is the competition fierce? Is it hard to keep up with the big and well-known crypto casino gambling industry?

You wouldn't ask those questions if you read the op and a few replies from the first page of this topic. The domain is old, but he is the fourth or fifth owner of this domain. The domain was used for a first crash gambling site and then it was used for another purpose, the current owner does not have any connections with the previous owners. They got the bustabit script and they started the platform very recently.

Even though they have a crash game only at this moment, they might add other games in the future. We don't know the possibility. But it will depend on user experience. Moneypot claims it's providing the lowest house edge Crash game at this moment.

[Bitinity]

I've signed up at Moneypot. I see not many crypto options to play with there. Will you be adding other cryptos to play in the future? to be honest I don't like playing with bitcoin, because it has to input a lot of 0, I prefer tron. Hopefully there will be tron ​​in the future. 

As far as I saw, they are Bitcoin Crash site. So, I think expecting any other currency will be too ambitious expectation.

It is stated in the help page already that this site is an exclusive bitcoin site so there will be no chance for players to see other payment method. This is exactly the same as bustabit, an old bitcoin crash site with no other payment method except bitcoin although they have been running for many years now. You are right that players should not expect to see other currencies here unless moneypot has a different plan in the future by expanding the services.

[arallmuus]

Even though they have a crash game only at this moment, they might add other games in the future. We don't know the possibility. But it will depend on user experience. Moneypot claims it's providing the lowest house edge Crash game at this moment.

They wont, or else there is no point on using that name. The name 'moneypot' is probably one of the trademark for crash game back then so if they want to add another game then its totally pointless.

Anyone that started gambling with bitcoin 5-10 years ago is pretty familiar with the name 'moneypot' and its an own brand for a simple crash game. Imagine checking in 'moneypot' only to find that there are slots or whatsoever in there, feels pretty weird

[Haunebu]

Why would anyone need a multi account? Isn't it a common practice in gambling sites not to have multi account or your will be banned or lose your money with them?

It is common practice in most sites, but some sites like Stake etc actually allow multiple accounts as long as they aren't abusing any promotions, bonuses etc which they can detect pretty easily.

There are several reasons why gamblers use multiple accounts in a legit manner(Different family members using same IP etc).

[JackpotRacer]

Even though they have a crash game only at this moment, they might add other games in the future. We don't know the possibility. But it will depend on user experience. Moneypot claims it's providing the lowest house edge Crash game at this moment.

They wont, or else there is no point on using that name. The name 'moneypot' is probably one of the trademark for crash game back then so if they want to add another game then its totally pointless.

Anyone that started gambling with bitcoin 5-10 years ago is pretty familiar with the name 'moneypot' and its an own brand for a simple crash game. Imagine checking in 'moneypot' only to find that there are slots or whatsoever in there, feels pretty weird

Now I am confused. I know that the moneypot I know had no crash game.
As far as I know and remember, Moneypot started as a crash game and then was used in a completely different way.

cheers

[ultrloa]

Why would anyone need a multi account? Isn't it a common practice in gambling sites not to have multi account or your will be banned or lose your money with them?

It is common practice in most sites, but some sites like Stake etc actually allow multiple accounts as long as they aren't abusing any promotions, bonuses etc which they can detect pretty easily.

There are several reasons why gamblers use multiple accounts in a legit manner(Different family members using same IP etc).

If that's the case then nothing wrong with that situation but most of the casino avoid such risky possibilities that's why while its early they eliminate the usage of multiple accounts on their casino to avoid further more problems. Maybe for this situation they should ask first the casino representative if they allow this but for sure KYC will be ask for verification so that they would know that its fine and verified to them that you are not abusing their system.

[dimonstration]

Now I am confused. I know that the moneypot I know had no crash game.
As far as I know and remember, Moneypot started as a crash game and then was used in a completely different way.

cheers

It’s because the original owner of the first moneypot casino that offers crash game is already not affiliated to the current owner of moneypot. The casino is a complete new casino since the current owner just bought the domain due to its rich history.

You can check below the official statement of the current owner regarding the current moneypot version.

,

The domain moneypot.com has quite a rich history, but just to be clear I purchased this domain and have no affiliation with previous owners. To my knowledge there's been 5 owners (me included) and has been used for various things. I bought this domain because it was originally used as the very original "crash" game, and when it had invented crash it used a "dynamic house edge" which is something I am hoping to re-popularize.

Thank you everybody else for all the feedback!

[leomedina]

Just checked your site out and I loved the overall design and UI. Am a big crash fan myself and the fact that you guys are offering your game with a 0.1% HE for the lowest multiplier is truly epic.

Can you clarify whether it's alright to create multiple accounts on your site without abusing any promotions etc?

Yeah, it's ok. You can create multiple accounts, although playing with more than one won't give you any advantage at all. But of course, using multiple accounts to abuse any promotion, bonus, etc., is not.

I've signed up at Moneypot. I see not many crypto options to play with there. Will you be adding other cryptos to play in the future? to be honest I don't like playing with bitcoin, because it has to input a lot of 0, I prefer tron. Hopefully there will be tron ​​in the future. 

As far as I saw, they are Bitcoin Crash site. So, I think expecting any other currency will be too ambitious expectation.

It is stated in the help page already that this site is an exclusive bitcoin site so there will be no chance for players to see other payment method. This is exactly the same as bustabit, an old bitcoin crash site with no other payment method except bitcoin although they have been running for many years now. You are right that players should not expect to see other currencies here unless moneypot has a different plan in the future by expanding the services.

I would love to support other currencies, but I can't promise anything yet. It would take a huge amount of effort to do it properly, and right now we have other priorities.

[hopenotlate]

The original moneypot game had an awesome, in my opinion, bonus feature awarding players cashing out later than others ( that bonus money were funded by crashing at 0x is I recall  correctly): is there  for which you didn't set this feature on tour site?

[Wiwo]

Edited out

Hey this is not the best way the quote someone and I advise you to use the right format to make posts in the forum,  I have seen two of you posts which are the only posts you made here in the forum having same mistakes of quoting someone without adding your own contribution and that is not acceptable here in the forum.

Back to the discussion moneypot team let me join others to welcome you guys to bitcointalk it's so nice to have you guys around and seeing your signature around the forum make more sense so let's see how thing goes.

[Haunebu]

If that's the case then nothing wrong with that situation but most of the casino avoid such risky possibilities that's why while its early they eliminate the usage of multiple accounts on their casino to avoid further more problems. Maybe for this situation they should ask first the casino representative if they allow this but for sure KYC will be ask for verification so that they would know that its fine and verified to them that you are not abusing their system.

Yeah. Some sites do completely restrict multiple accounts no matter the reason while some others allow them depending on the reason. This is why I always clarify with the site in question before trying to create them.

Yeah, it's ok. You can create multiple accounts, although playing with more than one won't give you any advantage at all. But of course, using multiple accounts to abuse any promotion, bonus, etc., is not.

Great to hear. Can I submit the same KYC in multiple accounts if required since I will be operating them all by myself?

[Shishir99]

Even though they have a crash game only at this moment, they might add other games in the future. We don't know the possibility. But it will depend on user experience. Moneypot claims it's providing the lowest house edge Crash game at this moment.

They wont, or else there is no point on using that name. The name 'moneypot' is probably one of the trademark for crash game back then so if they want to add another game then its totally pointless.

Anyone that started gambling with bitcoin 5-10 years ago is pretty familiar with the name 'moneypot' and its an own brand for a simple crash game. Imagine checking in 'moneypot' only to find that there are slots or whatsoever in there, feels pretty weird

I have a different point of view. Everyone doesn't really care about what is the name. For example, there are a couple of casino names with the word dice but it's not the only game they have. For example, Duckdice started as a dice casino but recently they have address sports betting as well. Windice also have a couple of other games. Crashino represent crash game yet they have 3rd part games and sportsbet as well.

It's true that the name of Moneypot is familiar for it's original crash game. But, I won't mind if they develop other games in the future. I don't think it will feel weird but I respect your opinion too

[nukerboy]

I haven't yet played in the site but I noticed it having more greens than most of the crash sites. Good luck with your venture sir

[panjul07]

Even though they have a crash game only at this moment, they might add other games in the future. We don't know the possibility. But it will depend on user experience. Moneypot claims it's providing the lowest house edge Crash game at this moment.

They wont, or else there is no point on using that name. The name 'moneypot' is probably one of the trademark for crash game back then so if they want to add another game then its totally pointless.

Anyone that started gambling with bitcoin 5-10 years ago is pretty familiar with the name 'moneypot' and its an own brand for a simple crash game. Imagine checking in 'moneypot' only to find that there are slots or whatsoever in there, feels pretty weird

I have a different point of view. Everyone doesn't really care about what is the name. For example, there are a couple of casino names with the word dice but it's not the only game they have. For example, Duckdice started as a dice casino but recently they have address sports betting as well. Windice also have a couple of other games. Crashino represent crash game yet they have 3rd part games and sportsbet as well.

It's true that the name of Moneypot is familiar for it's original crash game. But, I won't mind if they develop other games in the future. I don't think it will feel weird but I respect your opinion too

Any addition is possible, the first moneypot was crash game only but they expand the business by letting people to be owner of game app inside moneypot.
It may not happen again as the old day IMO but adding more games is possible in the future because casino is a business and the owner may try to provide more games for more profit.
As what you said, these days domain name is not limitting the games as proven by duckdice, windice, and some other casinos.

[Saint-loup]

First of all, thank you all for the good wishes.

The reason you are seeing a max profit of 100BTC in the calculator is because it defaults to a bankroll of 2000BTC. You can actually change that value and see what the max profit would be for different bankroll sizes. For example, if you change it to 37BTC or 38BTC (around what MoneyPot currently has) you will see the max profit gets closer to what we have at the moment.

Do I think if its too much? That's actually a pretty good question! The short answer is no, because the Kelly criterion allows us to safely do so. In practice the max profit only gets hit when the casino is risking a considerable portion of its bankroll. But when that happens the house edge will increase too (even higher than the competition's 1%). A casino with a fixed house edge can't take that risk, because they don't adjust their house edge to make up for it. Have a look at our maths page, I did my best to explain how we calculate things.

That's a very smart strategy indeed, usually players or traders following the Kelly criterion strategy play more money when they have an higher edge on their bet or trade but I had never heard of casinos applying this strategy against players before. It's something you've seen elsewhere or that you've invented yourself? I guess lay bettors at betting exchanges use a similar strategy by lowering odds when they want or need to increase the liability of one lay bet though.