MoneyPot - Crash with the lowest house edge

[Mahdirakib]

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.

Thousands of gamblers are continuously placing bets on Crash games always in different casinos. You may check the 'Aviator' game live betting stats to have an idea about the crash game popularity. Aviator is a 3rd party provider crash game which is available in different casino. The aviator game has almost 3% house edge, where the in-house crash game has 1% house edge in different casinos.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

[panjul07]

I thought the old moneypot is coming back, but after visited the link, I know that I was wrong.
I have no idea why do you (OP) decided to buy this domain instead of having a new fresh domain.
Maybe you think that it will be an advantage due to the fact that moneypot was popular in the past.
Currently you provide crash game and you become the house, will you bring the old moneypot back in the future?
I mean, moneypot when it used to be a wallet as well as provide a bankroll where people can create their own gambling app in moneypot?

[leomedina]

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.

As of today, no. If things change I will make sure I let everybody know.

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?

Making the deposit addresses or transactions public would be a violation of the inverstors' privacy, so I can't do that. But you don't really have to take my word for it. If MoneyPot doesn't have enough funds to backup what the bankroll shows, soon enough players will discover they can't withdraw their profits. And that would be the end of the casino 


On another note, I've started the game a few minutes ago!

[Hispo]

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.

As of today, no. If things change I will make sure I let everybody know.

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?

Making the deposit addresses or transactions public would be a violation of the inverstors' privacy, so I can't do that. But you don't really have to take my word for it. If MoneyPot doesn't have enough funds to backup what the bankroll shows, soon enough players will discover they can't withdraw their profits. And that would be the end of the casino  


On another note, I've started the game a few minutes ago!

What you just described there is it called an exit scam and the possibly of it is the reason why you should offer some way so the people can verify your bankroll is what you claim it to be. You should work on some way to do it, because one does not need to go very far to the past to realize that unfortunately crypto gambling and the crypto currency ecosystem itself is plaged with countless scammers.

Would you not willing to sign a message from an address if your investors agree it would be the right thing to do for the sake of the service in the long term?

[leomedina]

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.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

The key here is "with a minimum". We're hoping to attract both crash lovers like you said but also high rollers who want to enjoy higher bet limits. Say the bankroll has ₿ 2,000 and you want to place a ₿ 10 bet. A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking. In this scenario the whale is happy because other casinos don't even allow cashing out that much and investors are happy because the house edge is making up for the risk.

I believe MoneyPot could be even more attractive for many investors because we use half a Kelly to manage our bankroll. What that means is that they can expect way less volatility and almost the same expected growth compared to other casinos.

And a small commission rate is great for investors!, not the other way around. What it refers to is the percentage MoneyPot takes on the profits. So, with our current rate of 0.02%, our cut is negligible. Higher commission rates tend to disincentivize people from investing in the bankroll, but since our bankroll is still small that's not the case for us.

[leomedina]

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.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

The key here is "with a minimum". We're hoping to attract both crash lovers like you said but also high rollers who want to enjoy higher bet limits. Say the bankroll has ₿ 2,000 and you want to place a ₿ 10 bet. A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking. In this scenario the whale is happy because other casinos don't even allow cashing out that much and investors are happy because the house edge is making up for the risk.

I believe MoneyPot could be even more attractive for many investors because we use half a Kelly to manage our bankroll. What that means is that they can expect way less volatility and almost the same expected growth compared to other casinos.

And a small commission rate is great for investors!, not the other way around. What it refers to is the percentage MoneyPot takes on the profits. So, with our current rate of 0.02%, our cut is negligible. Higher commission rates tend to disincentivize people from investing in the bankroll, but since our bankroll is still small that's not the case for us.

Correction, it's 2.5%. I wouldn't call it negligible but it definitely is smaller than the competition's 

[leomedina]

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.

I'd say right now MoneyPot shares 99% of its source code with bustabit. But it's that 1% that I think makes us a real competitor. The two main advantages we have over them are that our house edge is only increased as little as necessary and that our provably fair system offers investors and players more guarantees.

You won't find MoneyPot in bustabit's license because we are not running the v1 of the code. And AFAIK that's the only one Daniel has for sale.

And I agree with you, the code is not all that matters. Our goal now is to start building up a good reputation amongst the community.

[AmoreJaz]

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.

The interesting fact is that MoneyPot is going to run the crash game with a minimum of 0.1% house edge only. It may attract crash game lovers on MoneyPot. But at the same time, it will create negative impact on investors. Low house edge and small commission rate aren't going to be a good deal for the investors.

The key here is "with a minimum". We're hoping to attract both crash lovers like you said but also high rollers who want to enjoy higher bet limits. Say the bankroll has ₿ 2,000 and you want to place a ₿ 10 bet. A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking. In this scenario the whale is happy because other casinos don't even allow cashing out that much and investors are happy because the house edge is making up for the risk.

I believe MoneyPot could be even more attractive for many investors because we use half a Kelly to manage our bankroll. What that means is that they can expect way less volatility and almost the same expected growth compared to other casinos.

And a small commission rate is great for investors!, not the other way around. What it refers to is the percentage MoneyPot takes on the profits. So, with our current rate of 0.02%, our cut is negligible. Higher commission rates tend to disincentivize people from investing in the bankroll, but since our bankroll is still small that's not the case for us.

Correction, it's 2.5%. I wouldn't call it negligible but it definitely is smaller than the competition's 

i believe what you need to focus on for now is how to get more players on board with your casino. how can you get some of those crash players from reputable casinos to try and take a chance on your site? you may have the lowest HE, but do you think high rollers will trust your site over their old casinos?
as a new player on this industry, you can attract them by running some contests, race or attractive rewards and perks. think of activities why people would talk about moneypot right now. and once you get their interest, think of how they would want to stay longer on your site.

[leomedina]

Currently you provide crash game and you become the house, will you bring the old moneypot back in the future?
I mean, moneypot when it used to be a wallet as well as provide a bankroll where people can create their own gambling app in moneypot?

No, I'm not part of the team that used to run it as a wallet and don't intend to recreate any of the products they used to have. But even before them, MoneyPot used to be a crash game (and in fact, it was the very first one). So in that sense, I am indeed hoping to bring back some things from the past. For example, the idea of a dynamic house edge that increases only when necessary.

i believe what you need to focus on for now is how to get more players on board with your casino. how can you get some of those crash players from reputable casinos to try and take a chance on your site? you may have the lowest HE, but do you think high rollers will trust your site over their old casinos?
as a new player on this industry, you can attract them by running some contests, race or attractive rewards and perks. think of activities why people would talk about moneypot right now. and once you get their interest, think of how they would want to stay longer on your site.

Agreed, I don't expect high rollers to start playing in my casino right away. I'm exploring a couple ideas on how to get new players onboard, and I am always open to hearing new ones. So thank you for yours!

[Learn Bitcoin]

Agreed, I don't expect high rollers to start playing in my casino right away. I'm exploring a couple ideas on how to get new players onboard, and I am always open to hearing new ones. So thank you for yours!

Creating a daily wagering contest with a good prize pool could be a good idea for the new platform. Because popular casinos are full of high rollers where average players have less chance to win the prize. So the competition on other platforms is like a race between high rollers vs high rollers. Most players look for a new platform where they may win some contest with less competition. If you create such contests, make sure you mention that when you run ads.

Friendly advice: Please do not post multiple posts in a row. It is now allowed.

32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.

[edmundduke]

I was playing there for a bit and the "busta" game works well but i feel like the site needs a bit more variety. Maybe even if the games added are maybe Dice and Mines. I think the variety is much needed and the tech needed for the other games should be very easy to replicate aswell.

[Mahdirakib]

A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking.

At the same time, it will discourage the players to continue their betting activity at MoneyPot if the house edge spikes above 1% from 0.1%. Beside that the max-profit limit will decrease if the bankroll goes down for players big wins. Therefore, it will have negative impact from all aspects.

Correction, it's 2.5%. I wouldn't call it negligible but it definitely is smaller than the competition's 

Bustabit has more than 71% commission rate at this moment. The commission 2.5% will come from the revenue, isn't it?

[Eureka_07]

<snip>

Welcome to the forum! I bet that your platform will be a good one. You could also improve your headstart by buying a copper membership. It'll help you better design this ANN thread.

I've read that you also accepting bankroll investments, do you have a page wherein we can read more details of it?

[buwaytress]

^^ 2.5% is lower than competitors? I don't play crash but then it makes me wonder just how high it is elsewhere... maybe I'm "old-fashioned" but 1% standard set by crypto dice places seems to be the low benchmark -- given that licensed casinos do compete well these days for close to 1%.

That said, the high-roller limit will always appeal to the anon whale. I'll have to give this place a check another date not too far away. Been a while!

[AmoreJaz]

<snip>

Welcome to the forum! I bet that your platform will be a good one. You could also improve your headstart by buying a copper membership. It'll help you better design this ANN thread.

I've read that you also accepting bankroll investments, do you have a page wherein we can read more details of it?

you can check more about their investments here - https://moneypot.com/help/investing. but if you have other questions, you can always send a message via their help button.
their bankroll right now is quite decent in my opinion. however, one should be on the look out how they are doing when it comes to actual players on their site. because from their stats, they only have 24 users at the moment. so need to be careful in pitching to their bankroll.

[leomedina]

Agreed, I don't expect high rollers to start playing in my casino right away. I'm exploring a couple ideas on how to get new players onboard, and I am always open to hearing new ones. So thank you for yours!

Creating a daily wagering contest with a good prize pool could be a good idea for the new platform. Because popular casinos are full of high rollers where average players have less chance to win the prize. So the competition on other platforms is like a race between high rollers vs high rollers. Most players look for a new platform where they may win some contest with less competition. If you create such contests, make sure you mention that when you run ads.

Friendly advice: Please do not post multiple posts in a row. It is now allowed.

32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.

I'm currently exploring some ideas, and I agree with what you are saying. It wouldn't be fair to only reward whales, so I'll come up with something that benefits both.

Thanks!

I was playing there for a bit and the "busta" game works well but i feel like the site needs a bit more variety. Maybe even if the games added are maybe Dice and Mines. I think the variety is much needed and the tech needed for the other games should be very easy to replicate aswell.

I wasn't planning to bring it up yet but since you mentioned it first I can tell you that my team and I will soon start working on a low-edge dice version too. I can't promise we'll ever have mines but who knows? maybe in the future.

A casino like bustabit will only allow you to take a max-profit of ₿ 20, but we can do ₿ 100. There's a price to pay, though. If that happens, our house edge will be bigger than 1%, because of the risk the casino is taking.

At the same time, it will discourage the players to continue their betting activity at MoneyPot if the house edge spikes above 1% from 0.1%. Beside that the max-profit limit will decrease if the bankroll goes down for players big wins. Therefore, it will have negative impact from all aspects.

That's more or less the idea, and the reason you can see the house edge changing in real time. I helped develop bustabit's code and after having spent hundreds of hours on the site, my impression is that players very rarely bet huge amounts. So think about it this way: nearly all the time the casino's house edge will be attractive because whales rarely play. But when they do play you have a few options: 1) cash-out when the house edge gets above your limit, say 1%, 2) stop playing until the whale is done, 3) come up with your own strategy, or 4) don't even care (because you've enjoyed so many games with a low house edge that you're average house edge would still be pretty low).

For instance, take bustabit's bankroll of ₿2000. Their house edge is always 1%. Let's imagine a new game starts and players are betting a few thousand bits (like pretty much all the time), but we also have a whale betting ₿10. If they had the same system as we do, the game would start with a house edge of 0.1%. And as the multiplier gets higher, the house edge would also increase. But it would only reach a house edge of 1% by the time the multiplier gets to 2x. At this point you could cash-out (or not). How often do you see such huge bets? My point is that most casinos are unnecessarily profiting from players because there's just not enough risk to justify it. With MoneyPot players can enjoy better odds most of the time, while being able to control their strategy when the house edge increases.

Bustabit has more than 71% commission rate at this moment. The commission 2.5% will come from the revenue, isn't it?

Correct. Whenever the bankroll's profit exceeds its previous all-time high, MoneyPot will receive a commission on the profits exceeding the previous all-time high.

[yahoo62278]

The admin has made an offer to the 1st 20 people who take him up on it in the chat.

A Leo: I will tip 300 bits to the first 20 people who email me their username at admin@moneypot.com to get you started.

I just got my 300 bits, idk how many spots are left in their promotion but anyone interested can send an email and try the site out.

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

Welcome back, Moneypot. A few years ago, the site was popular among the masses. Do the same owners still operate the site? Or are you someone with fresh hands? The house edge looks promising and will surely attract more users to the site. Some images of the UI or from the site here in the ANN thread could have helped to make it look more interesting. Nevertheless, are players from all around the globe allowed to play on the site? Also, as the bankroll is publicly funded, what’s the current bankroll amount and max bet amount?

Every single question you asked has been answered had you read the thread. I've fallen victim to not reading responses before myself, but there are only 3 pages so reading through the 3 pages shouldn't be too much before replying.

[Nrcewker]

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

Welcome back, Moneypot. A few years ago, the site was popular among the masses. Do the same owners still operate the site? Or are you someone with fresh hands? The house edge looks promising and will surely attract more users to the site. Some images of the UI or from the site here in the ANN thread could have helped to make it look more interesting. Nevertheless, are players from all around the globe allowed to play on the site? Also, as the bankroll is publicly funded, what’s the current bankroll amount and max bet amount?

[Learn Bitcoin]

Welcome back, Moneypot. A few years ago, the site was popular among the masses.

Yahoo already quoted you in his post, In case you missed it. All the answers are provided in this thread already.

Do the same owners still operate the site? Or are you someone with fresh hands?

The owner is new. They have no connection with the previous owner. The current owner bought the domain and developed the website again.

Nevertheless, are players from all around the globe allowed to play on the site? Also, as the bankroll is publicly funded, what’s the current bankroll amount and max bet amount?

They have 44 chat rooms so far. Since they don't have any license yet, I don't think they forbid anyone to play on their platform. Their current bankroll is ₿ 37.52628488

[mitchr4]

The admin has made an offer to the 1st 20 people who take him up on it in the chat.

A Leo: I will tip 300 bits to the first 20 people who email me their username at admin@moneypot.com to get you started.

I just got my 300 bits, idk how many spots are left in their promotion but anyone interested can send an email and try the site out.

I was a little late to get a tip from Admin. Luckily He was nice and gave me a tip even though it was only 100 bits for someone late like me. Then play get 500 bits and lose all.