MoneyPot - Crash with the lowest house edge

[AB de Royse777]

By the way , as far as I know bustabit/bustadice and moneypot are managed by different owners.

As far as I know they are different owner. I was managing their signature campaign, we did not have a discussion about this though but the way we discussed, I never felt that it's the same person from bustabit/bustadice.

[Mahdirakib]

Their signature campaign has stopped on Bitcointalk too and that's strange. To be fair, moneypot, bustabit and bustadice are a little bit strangely managed. They are like, let this website run and generate whatever profit it can on its own.

Each betting sites have different marketing strategies. Some betting sites close their sig campaign here when they don't get enough revenue by running the campaign. A small number of casinos close it after getting the success. It isn’t strange to close the sig campaign. MoneyPot had already gotten the popularity when they closed their sig campaign here. But all these sites are running without any affiliate program, which is quite strange in my opinion.

[leomedina]

I wonder why you are not promoting properly on X/Twitter , the only social beside Bitcointalk displayed on your site, you are offering the lowest House Edge provably fair game out there ( at leat am not aware of a provably fair game with a lower HE than yours).
This is in my opinion a huge strength that you could take advantage of with little effort but I only see 8 followers to your twitter handle.
There are some cheap methods out there to increase your social visibility, thinking about stuff like Gleam, TaskOn and so on, or maybe you could do some twitter giveaways ( small amount work as well) with an autoraffle feature between followers/retweeters etc etc.

I'd say it boils down to two things. First, as a small team, we have limited manpower. We have several things on our plate right now and diving deep into social media hasn't been our top priority. Second, word-of-mouth seems to be working well for us so far. Maybe having a good product is a form of marketing in itself? If that's the case, then that's our current strategy. That said, we're definitely keeping more giveaways/promotions in mind for the future.

Their signature campaign has stopped on Bitcointalk too and that's strange. To be fair, moneypot, bustabit and bustadice are a little bit strangely managed. They are like, let this website run and generate whatever profit it can on its own.

Each betting sites have different marketing strategies. Some betting sites close their sig campaign here when they don't get enough revenue by running the campaign. A small number of casinos close it after getting the success. It isn’t strange to close the sig campaign. MoneyPot had already gotten the popularity when they closed their sig campaign here. But all these sites are running without any affiliate program, which is quite strange in my opinion.

The tiny margins we currently operate on make offering a competitive affiliate program unfeasible

[Catenaccio]

I'd say it boils down to two things. First, as a small team, we have limited manpower. We have several things on our plate right now and diving deep into social media hasn't been our top priority.

Glad to know your team have well-thinking and good strategies to keep up building your platform and community in a very sustainable way.

Second, word-of-mouth seems to be working well for us so far. Maybe having a good product is a form of marketing in itself? If that's the case, then that's our current strategy.

Your team actually did something good in marketing to reach to a phase for word of mouth to spread around about your casino. It works mean your team successfully built up a strong community that can help your casino to expand it naturally through word-of-mouth.

That said, we're definitely keeping more giveaways/promotions in mind for the future.

The bull run in upcoming months will help many people richer with profit from the market and they will spend money for fun like on casinos. There will be good months ahead for MoneyPot to expand the business.

[TheUltraElite]

A social media promotion works well when it is backed by the affiliates - like Leo said, it is not currently possible for them to pose such a referral program unlike other casinos. If it is working for them then I dont see any problem. They ran a signature campaign and I guess that helped build up some of the regular users there along with people who knew the brand moneypot previously.

They should follow the "dont change it if its not broken" method and if they see player numbers dip, they might restart the campaign or do something more.

[hopenotlate]

A social media promotion works well when it is backed by the affiliates - like Leo said, it is not currently possible for them to pose such a referral program unlike other casinos. If it is working for them then I dont see any problem. They ran a signature campaign and I guess that helped build up some of the regular users there along with people who knew the brand moneypot previously.

They should follow the "dont change it if its not broken" method and if they see player numbers dip, they might restart the campaign or do something more.

Agree on basically almost everything you wrote but there is a substantial difference between a social media campaign and been active on social media :  having a twitter account with only 8 follower , last tweet made on August 2023 is a total waste of opportunity imo.
For example, I never used them but there are several AI tools, some even free, that help you generate contents and hashtag for a greater engagement,  some can also suggest the best timing to post and stuff like that.

[TheUltraElite]

Agree on basically almost everything you wrote but there is a substantial difference between a social media campaign and been active on social media :  having a twitter account with only 8 follower , last tweet made on August 2023 is a total waste of opportunity imo.

They are not interested in that side of things, lack of team members to keep a good social media activity might be the reason. Having more members means more costs to pay them and this might also be a reason why they did not hire any either.

For example, I never used them but there are several AI tools, some even free, that help you generate contents and hashtag for a greater engagement,  some can also suggest the best timing to post and stuff like that.

Makes it look inorganic but they can try it. However I doubt the actual amount of engagement coming from twitter on gambling platforms, because the major users on twitter mostly use bots and sell their products in this manner itself.

Rather they can try the same on newer social media, it might lead to some impact.

[Martingaleboy]

How often do you increase the house edge ?
And do you inform the players when you increase it ?

[hopenotlate]

How often do you increase the house edge ?
And do you inform the players when you increase it ?

They have e an innovative concept of dinamic house edge, at least it's the first time I heard of it : when you Place your bet usually the HE is 0.1% ( unless your bet size is significant compared to site bankroll), while the multiplier is rising and your possibile win become higher HE  is gradually increased according to a math formula that links HE to the amount of the bankroll Monepot is risking in that bet.
There is a useful tool on their landing page using which you can instantly ser, using a slide bar, how the  HE changes depending on bet amount.

[Martingaleboy]

How often do you increase the house edge ?
And do you inform the players when you increase it ?

They have e an innovative concept of dinamic house edge, at least it's the first time I heard of it : when you Place your bet usually the HE is 0.1% ( unless your bet size is significant compared to site bankroll), while the multiplier is rising and your possibile win become higher HE  is gradually increased according to a math formula that links HE to the amount of the bankroll Monepot is risking in that bet.
There is a useful tool on their landing page using which you can instantly ser, using a slide bar, how the  HE changes depending on bet amount.

thats interesting concept .

but i just foud something weird  in the Backtest i tested 100000 GAMES  the average house edge was over 1.2% for those 100000 games  even for multiplier as small as 1.01 . 

[leomedina]

How often do you increase the house edge ?
And do you inform the players when you increase it ?

They have e an innovative concept of dinamic house edge, at least it's the first time I heard of it : when you Place your bet usually the HE is 0.1% ( unless your bet size is significant compared to site bankroll), while the multiplier is rising and your possibile win become higher HE  is gradually increased according to a math formula that links HE to the amount of the bankroll Monepot is risking in that bet.
There is a useful tool on their landing page using which you can instantly ser, using a slide bar, how the  HE changes depending on bet amount.

thats interesting concept .

but i just foud something weird  in the Backtest i tested 100000 GAMES  the average house edge was over 1.2% for those 100000 games  even for multiplier as small as 1.01 . 

hopenotlate is right. What our algorithm does is that it adjusts the house edge in accordance to how much the bankroll is risking. Specifically, it takes into account the amount being wagered as a whole, the casino's bankroll, and the multiplier players are going for. This is the reason the house edge could go above 1% even at low multipliers.

You can find more details on how it works at https://moneypot.com/help/house-edge.

[AB de Royse777]

thats interesting concept .

The house edge set too low which is why MoneyPot can not offer lucrative affiliate program like others do. In one sense it's better for the players but in another sense they are missing out traffic which they could easily receive for free on their website if they would have an affiliate program.

I like the fact that Moneypot always wants to give as much as they can to their existing players.

[Martingaleboy]

i tried the Casino  deposits/witdrawals/ andthe game too  . the withdrawals have less fees than Bustabit wich i like .
also the owner is very responsive and helpful whenever i had some questions .

The house edge set too low which is why MoneyPot can not offer lucrative affiliate program like others do. In one sense it's better for the players but in another sense they are missing out traffic which they could easily receive for free on their website if they would have an affiliate program.

I like the fact that Moneypot always wants to give as much as they can to their existing players.

Even Bustabit they never had some affiliate program. and they are doing fine
as the owner said their selling point isthe small house edge and i think also the anonymousity .

[GamblingSiteFinder]

MoneyPot just acquired Bustabit. 

[hopenotlate]

MoneyPot just acquired Bustabit.  

Wow at first I thought you were high on something lol, checked Moneypot and there was no confirmation there , then tried on bustabit and saw this pop up before I could do something

Change in bustabit's ownership

bustabit has reached an agreement to be acquired by Leo Medina of MoneyPot and will change ownership on Monday, February 26, 15:00 UTC. Please see bustabit's bitcointalk.org thread for details or contact us if you have any questions.

If you wish to remain invested in the bankroll no action is required. However, if you do not wish to remain invested in bustabit's bankroll under its new ownership, please divest before that date on the bankroll management page.

Am really surprised by this change.

Come on Leo tell us more about your future plans. Will you run Moneypot and Bustabit ( no need to ask for bustadice because it's a different game structure) or are you going to merge them at some point in the future?

[xLays]

Am really surprised by this change.

Come on Leo tell us more about your future plans.

Since we can only play Bitcoin in these site (Moneypot, Bustadice and Bustabit) hopefully someday they will able to allow players use other cryptocurrency not just bitcoins. It could give players more choices and make playing more interesting. Also I haven't heard any bonuses and contest in these site so hopefully they can also add it soon.

[leomedina]

We are acquiring bustabit and bustadice and in order to best focus our efforts MoneyPot will regrettably be closing down.

Effective Sunday, February 25th at 18:00 UTC, the game will be paused, deposits and investments will be disabled, and no new registrations will be accepted. After that date, players and investors will only be able to withdraw their funds.

The website and withdrawals will remain operational until June 1, 2024. Please withdraw all your funds by this date. Any remaining funds will only be retrievable for an additional year by contacting us via email.

It has been a fun journey and we thank everyone for being a part of the community.

[SamReomo]

The house edge set too low which is why MoneyPot can not offer lucrative affiliate program like others do. In one sense it's better for the players but in another sense they are missing out traffic which they could easily receive for free on their website if they would have an affiliate program.

I like the fact that Moneypot always wants to give as much as they can to their existing players.

Yeah, I highly agree with you, in fact most casinos believe in affiliate programs because those programs help them to get many high roller players but since their own house edge is low so their chance or earning huge money from this business model is also low as compare to others.

It's something helpful for players because when house edge gets higher the players lose more money on a casino but since Moneypot has kept it low that's why most players get chance to win many times. I heard the house edge of Moneypot gets higher sometimes in order to protect their bankroll but still most of the times it will remain as low as 1%, which is a great for players.

I believe that if they get more high roller players then they might afford to run affiliate programs and might be able to invest some funds for advertising purpose but since they aren't getting enough revenue then it makes sense to not relaunch their advertising program right now.

[hopenotlate]

We are acquiring bustabit and bustadice and in order to best focus our efforts MoneyPot will regrettably be closing down.

Effective Sunday, February 25th at 18:00 UTC, the game will be paused, deposits and investments will be disabled, and no new registrations will be accepted. After that date, players and investors will only be able to withdraw their funds.

The website and withdrawals will remain operational until June 1, 2024. Please withdraw all your funds by this date. Any remaining funds will only be retrievable for an additional year by contacting us via email.

It has been a fun journey and we thank everyone for being a part of the community.

Ouch    It's a pity Moneypot will close down.

Seems like the domain Moneypot.com has a sort of curse, it seems that you can't launch a long-lasting and sustainable business on it : since I first saw it here on this forum it has changed hands like 5-6 times.
I thought this last time it would have been the right time due to the market leader house edge of the game but evidently I was wrong.

Have you considered leaving moneypot up and running but for a different currency ( or more than one)?

[TheUltraElite]

Have you considered leaving moneypot up and running but for a different currency ( or more than one)?

Leo is now going to be the owner of Bustabit and Bustadice. He is shutting down Moneypot to focus on further development of these sites and buying it from Daniel. It is possible he might bring in new changes in BAB.
My investment on Moneypot was a success, today I withdrew my original BTC that I invested at the start of this year with a good amount of interest, I just wish I had invested even earlier, because the bankroll was small my stake was large and thus the profits were also big.

It is a sad goodbye to this site, thanks for giving us investors a chance to make money. I will continue my investment on bustabit and see things through there.