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Author Topic: MoneyPot - Crash with the lowest house edge  (Read 2663 times)
Learn Bitcoin
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July 14, 2023, 05:10:23 AM
 #21

Welcome to BitcoinTalk!
The platform UI looks smooth. I always like when a platform comes with detailed information even before asking a question that may be raised later. It's good that you already explained you have no connection with the previous owner of this domain. I am not a big fan of crash games. Still, I would like to give it a try. The house edge it's providing is impressive.

The game is supposed to re-open once the 798750 block is mined. You are still 142 blocks away. I already made a deposit to enable chatting. I will give it a try once the 798750 block is mined.

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July 14, 2023, 05:46:28 AM
 #22

So, welcome back to the Bitcoin gaming scene.... seeing that you have been in here before, under previous ownership.  Wink

You say, "We dynamically adjust our house edge to be the lowest in the industry (by far)." ...so will the house edge be actively displayed, so that people will know what it is at any given time? Example : Every time it is adjusted, a real-time number will be displayed on the GUI for the players?

I can say that I have the lowest house edge, but it is only set at 0.1% for 20 minutes per day and players do not know when that is adjusted.  Roll Eyes

This "real-time" transparency are what are lacking in the online gambling industry. The casinos have a static display of the house edge on their site and people think it is not being manipulated during the day.  Roll Eyes

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leomedina (OP)
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July 14, 2023, 05:52:20 AM
 #23

You are welcome to bitcointalk platform. You have a nice user interface coupled with the graphics. It is unique and special. I checked your terms of service and I did not see any thing minimum and maximum deposit and withdrawal does it mean one can deposit and withdraw as much as they want? and another is KYC I could not see any option for KYC on your terms and condition of service. Does it mean you are KYC free. I ask because it would not be making any sense that after one registers and possibly winning big and upon withdrawal, one is being asked for KYC which is not making any sense as it is misleading. You had better spell it out properly so as not to deceive members here.
Lastly do well to upgrade your account t a copper member so you could introduce your graphics properly.

Thank you! I won't be performing KYC verifications unless required by some government authority. I will make sure I make it clearer in the terms and conditions.

I'm happy to annnouce that I've just become a copper member. While I'm not new in the industry I am in this forum and wasn't aware of it.
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July 14, 2023, 06:21:37 AM
 #24

You are welcome to bitcointalk platform. You have a nice user interface coupled with the graphics. It is unique and special. I checked your terms of service and I did not see any thing minimum and maximum deposit and withdrawal does it mean one can deposit and withdraw as much as they want? and another is KYC I could not see any option for KYC on your terms and condition of service. Does it mean you are KYC free. I ask because it would not be making any sense that after one registers and possibly winning big and upon withdrawal, one is being asked for KYC which is not making any sense as it is misleading. You had better spell it out properly so as not to deceive members here.
Lastly do well to upgrade your account t a copper member so you could introduce your graphics properly.

Thank you! I won't be performing KYC verifications unless required by some government authority. I will make sure I make it clearer in the terms and conditions.

I'm happy to annnouce that I've just become a copper member. While I'm not new in the industry I am in this forum and wasn't aware of it.


Happy to hear about not needing KYC. If the casino grows large enough im sure at some point it will probably happen. I also have to mention this again, that bankroll you have is impressive for a small site.
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July 14, 2023, 06:44:31 AM
 #25

Good to see that you followed advise to buy copper membership and that is a goood sign how you wanted to deal and advertise here in bitcointalk and for that Welcome here (again)

Goodluck to your handling of this domain and hope to bring more interesting event from here .
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July 14, 2023, 01:54:42 PM
 #26

You are welcome to bitcointalk platform. You have a nice user interface coupled with the graphics. It is unique and special. I checked your terms of service and I did not see any thing minimum and maximum deposit and withdrawal does it mean one can deposit and withdraw as much as they want? and another is KYC I could not see any option for KYC on your terms and condition of service. Does it mean you are KYC free. I ask because it would not be making any sense that after one registers and possibly winning big and upon withdrawal, one is being asked for KYC which is not making any sense as it is misleading. You had better spell it out properly so as not to deceive members here.
Lastly do well to upgrade your account t a copper member so you could introduce your graphics properly.

Thank you! I won't be performing KYC verifications unless required by some government authority. I will make sure I make it clearer in the terms and conditions.

I'm happy to annnouce that I've just become a copper member. While I'm not new in the industry I am in this forum and wasn't aware of it.


If government is involved then it definitely means you would have a license and doing that would definitely get members doing KYC so it would be nice you show us the license or possibly out it up on your website for visitors to see while going through your website page.

It pleases me to see that you have upgraded your account to a copper member account and so doing, I can see you listen to advise and contributions. This is what I look out for when engaging with new casino projects here. That is how we know managers that do listen to advise. You have done well OP. You can now upload graphics of your casino so as to make your thread more attractive and flashy.
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July 14, 2023, 02:26:11 PM
 #27

Thank you! I won't be performing KYC verifications unless required by some government authority. I will make sure I make it clearer in the terms and conditions.

I'm happy to annnouce that I've just become a copper member. While I'm not new in the industry I am in this forum and wasn't aware of it.


Are there any jurisdictions banned from your site? Are you planning to create a list of restricted locations? Any worries about meeting AML standards, especially in the US and EU.
I'm asking because many sites started banning countries with strict gambling regulations in fear of being targeted.

Also, you claim that the bankroll is 37 BTC. Are there plans to make the blockchain address public for users to verify that, or should we take your word for it?

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July 14, 2023, 04:37:58 PM
 #28

welcome to the forum, I could see your casino and it has a nice design and also with this domain which is very old and was popular so you made a good choice in that part of the domain, but nowadays there are many casinos coming up every month and I'm not exaggerating these numbers, so I wonder if you, when you decided to create this casino, did you carry out a feasibility study to find out if by creating this casino of yours you would have a considerable number of customers and what marketing steps you would need to use to be able to reach this number of customers?

I ask this because what I have seen in the last few months are new casinos that appear on the forum and days later create signature campaigns that do not manage to last at least 4 weeks (1 month) and then cancel the signature campaign which shows that they did not do their job well. feasibility study duty, they thought they could get customers fast and with little budget for marketing, then months later they go bankrupt due to lack of customers, I hope you have done research before creating your casino because the market already has many casinos and the competition is very big and new casinos are the ones that are most negatively affected

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July 14, 2023, 04:44:40 PM
 #29

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
I have not given it a trial before but what I will make you to understand is that before you give a trial you have to study the platform qnd and check if their package will be something that will be favourable to forum members, so I believe that this, Is what ever someone who to test them should do to avoid any future or further complain, many newbie who just registered recently will not know how credible the platform may be, what they base on is to patronize them from their recommendations

The admin give some free bits to try the casino without the risk of depositing money for the game trial. They are claiming that they have 37BTC with their bankroll which I believe the best proof for their integrity once they made sign message using the wallet address holding that amount.

They are offering a bankroll investment which I find a red flag for a newly casino that open without any player that actually playing that will deplete their bankroll. There's no need for them to ask for bankroll investment if there's no customer playing.

.
DuelbitsSPORTS
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July 14, 2023, 04:51:55 PM
 #30

Looks like you need to deposit in order to chat. Any possibility to lift that restriction?

Username same as my forum username, just lowercase.

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July 14, 2023, 05:03:54 PM
 #31

Welcome back to the forum. I wonder why you still posted a new ANN thread where you have an old ANN thread from 2015. I know that this casino were sold and  transfered to you last 2015 as I saw from the link from the post above. Does your casino been sold again to the cureent management? Or the old owner from 2015 was still operating this casino? I'm a bit concerned with the transfer of ownership and it can be a alarming for some gambler since it can be retransfered again. Transfer of data can be concerning from some because multiple management can possibly handle your data.

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July 14, 2023, 05:08:18 PM
 #32

It looks like your thread is receiving good attention in the community. You need to keep that coming.

Hi DoublerHunter,

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!
Good to know. I was about to ask the same questions like the other guy. Do you have a bankroll and how much it is?

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July 14, 2023, 05:45:33 PM
 #33

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.
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July 14, 2023, 08:38:24 PM
Last edit: July 14, 2023, 08:59:34 PM by TimeTeller
 #34

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.

The site is relatively new here, so more than likely, players from here are just trying to play for now and not sending money to the bankroll.
But if they are true to their figures on their site, having about 37.5 BTC for a new site is not bad.
It means, they are attracting some investors here, though we don't know how much BTC the team put into their own vault.
For now, better observe how they are getting some online players as you can view the number on their site itself as well as their dashboard.
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July 14, 2023, 09:18:10 PM
 #35

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
^Yes this made me confused, I researched it in the forum which seems familiar with this name and you are right, they are here before and it was under the ownership of RHavar but he announced in this thread, https://bitcointalk.org/index.php?topic=1302623.0 that Moneypot.com was under new owners control in 2015. So my question is, is OP a new 3rd owner of this gambling casino?
But by the way, welcome back to the forum I think they are not new here, just follow the suggestion above for the marketing ads.

Hi DoublerHunter,

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!
^Thank you for the clarification and being actively answering their queries which gives benefit your gambling casino to start to gain trust.
Speaking of re-popularize, I think you need a kind of marketing ad on this, do you have a plan to run a signature campaign for your company and establish your brand name all over the forum? That way will surely you will achieve your goal that to become re-popularize.
However, good luck to you and your business.
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July 14, 2023, 10:53:15 PM
 #36

Welcome to the forum MoneyPot. Just went through the site quickly and it seems you have simple UI which makes it easy to understand. I never knew that Bankroll concept works like this and I learnt it from the bankroll section on the site.

The rules are simple, you just stake your bitcoins and your profits are based on how much users profit or lose over the period of time. I tried the calculator to see how much I can earn from the bankroll and the numbers are just nice in terms of profitability.

I am not sure if someone has already tried this from the forum or not but would be great if someone just vouch this so that we can proceed safely. Good luck everyone.

The site is relatively new here, so more than likely, players from here are just trying to play for now and not sending money to the bankroll.
But if they are true to their figures on their site, having about 37.5 BTC for a new site is not bad.
It means, they are attracting some investors here, though we don't know how much BTC the team put into their own vault.
For now, better observe how they are getting some online players as you can view the number on their site itself as well as their dashboard.
Totally just that a mimic of the site of Bustabit which everyone do knows about when it comes to crash game then nothing beats out its mother of all crash games.
I have checked out on their https://www.bustabit.com/license.txt but it seems that moneypot name isnt listed yet or its not really that updated.
Everything that had been listed are all crash game sites which there are lots. I dont know on how this new site would really be able to compete out on the current Bustabit
which had been always preferred by most people when it comes to crash.

When it comes on having that bankroll of 37 BTC? Which it is really indeed that huge i must say and its true that they might be able to hook up
investors but of course it would really be still needing to built up some trust here on the community before that happens.

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July 15, 2023, 02:44:06 AM
 #37

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

First of all welcome to bitcointalk, I do not say welcome back as you are not the old well-known moneypot. Secondly, as most other suggested above, having a proper and attractive ANN thread will be better. Third, once I visit your site and look at the landing page, I see you have a comparison between your site and others. In this comparison table, you stated that your max profit is 100BTC but after entering the game, I see different max profit information (1.87BTC only). Meanwhile, under your bankroll information, it is stated that your current bankroll is 37.5BTC. Dont you think that your max profit 1.87 is too much compared to your current bankroll?

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.
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July 15, 2023, 03:02:20 AM
 #38

Welcome back to the forum. I wonder why you still posted a new ANN thread where you have an old ANN thread from 2015. I know that this casino were sold and  transfered to you last 2015 as I saw from the link from the post above. Does your casino been sold again to the cureent management? Or the old owner from 2015 was still operating this casino? I'm a bit concerned with the transfer of ownership and it can be a alarming for some gambler since it can be retransfered again. Transfer of data can be concerning from some because multiple management can possibly handle your data.
You wouldn't ask these questions if you read the OP. He already explained that he had nothing to do with the previous owners. The old moneypot.com and the new moneypot are operated by a completely different team. The domain was sold a couple of times, and the last buyer is the OP (according to him, probably the 5th). Since they are different owners and platforms, there is no reason to use the old ANN since he wasn't the owner.

Good to know. I was about to ask the same questions like the other guy. Do you have a bankroll and how much it is?
Yes, they have a decent amount of bankroll considering a new platform. The current bankroll amount is ₿ 37.51579218

The platform is supposed to start at block number 798750. But it's confirmed there will be further delay.

Quote from: Leo
We are 16 blocks away from having our client seed. But it's getting late where I am, so I won't start it until tomorrow morning. I want to be around just to make sure everything goes smoothly Cheesy

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July 15, 2023, 04:36:04 AM
 #39

So, welcome back to the Bitcoin gaming scene.... seeing that you have been in here before, under previous ownership.  Wink

You say, "We dynamically adjust our house edge to be the lowest in the industry (by far)." ...so will the house edge be actively displayed, so that people will know what it is at any given time? Example : Every time it is adjusted, a real-time number will be displayed on the GUI for the players?

I can say that I have the lowest house edge, but it is only set at 0.1% for 20 minutes per day and players do not know when that is adjusted.  Roll Eyes

This "real-time" transparency are what are lacking in the online gambling industry. The casinos have a static display of the house edge on their site and people think it is not being manipulated during the day.  Roll Eyes

I partially answered that already, but yes. The house edge will always be displayed near the game multiplier, so in that sense you could use it to help you decide when to cash-out. Depending on the amount players are wagering, you will see either 1) a static house edge with the minimum (0.1%) or 2) a variable house edge, adjusted in function of how much money the bankroll is risking and limited by the Kelly criterion. And of course, you will be able to verify it  Wink
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July 15, 2023, 12:44:27 PM
 #40

What a blast from the past... was an MP user, mainly with Bit-Exo and had the fortune to withdraw my global bankroll contribution shortly before that famous "hack" heh. Was even with them when previous owners rebranded and took this as part of their suite.

I'm actually still amazed people still want to go for crash games, but it does give me hope that dice and crash survive, and continue to remind us of how crypto brought some innovation to gambling.

Now I wonder if the global bankroll concept for gambling apps could be exhumed and given new life (heh heh).

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