MoneyPot - Crash with the lowest house edge

[Mahdirakib]

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

KYC verification isn't required at MoneyPot at this moment. There is no promotion or bonus system at MoneyPot now which can be abused with multiple accounts. They only offer investment option, I believe people aren't going to create multiple account to invest on their bankroll. BTW, here is a reply of OP about the KYC related inquiry.

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.

Moreover, MoneyPot has followed the steps of Bustabit. So, they may follow the Bustabit KYC related requirements, which is limited to the age and citizenship verification. This verification can be done by submitting government issued ID or passport.

To ensure that no prohibited users are using the service, the operator may demand proof of age, citizenship and residence of any user at his own discretion. If the user does not provide adequate proof at the operator's request they may be barred from further using the service.

[Porfirii]

-snip-

Moreover, MoneyPot has followed the steps of Bustabit. So, they may follow the Bustabit KYC related requirements, which is limited to the age and citizenship verification. This verification can be done by submitting government issued ID or passport.

To ensure that no prohibited users are using the service, the operator may demand proof of age, citizenship and residence of any user at his own discretion. If the user does not provide adequate proof at the operator's request they may be barred from further using the service.

That's what I think too: when it says "proof" of age, residence and citizenship, it doesn't seem to be referring to a simple "statement" from the user, but documental evidence.

Nothing to blame specifically on them, as that seems to be the rule for most crypto casinos lately. As OP said, I hope they make it clear in their TOS.

[Fivestar4everMVP]

-snip-

Moreover, MoneyPot has followed the steps of Bustabit. So, they may follow the Bustabit KYC related requirements, which is limited to the age and citizenship verification. This verification can be done by submitting government issued ID or passport.

To ensure that no prohibited users are using the service, the operator may demand proof of age, citizenship and residence of any user at his own discretion. If the user does not provide adequate proof at the operator's request they may be barred from further using the service.

That's what I think too: when it says "proof" of age, residence and citizenship, it doesn't seem to be referring to a simple "statement" from the user, but documental evidence.

Nothing to blame specifically on them, as that seems to be the rule for most crypto casinos lately. As OP said, I hope they make it clear in their TOS.

The issue of kyc is no longer something any of us gamblers should be surprised about when it comes up, even on casinos where it is least expected, normally, new casinos like MoneyPot shouldn't be concerned about kyc but be more focused on how to grow thier userbase, as well as business, but then , a lot have changed this days in terms of regulations, I feel like regulations, especially in crypto is getting stronger, and to avoid issues with the regulatory agencies, every crypto casino is trying to implement some level of kyc , just as a measure to be in compliance with the law , so I am not really going to blame the casinos though. .

[Haunebu]

KYC verification isn't required at MoneyPot at this moment. There is no promotion or bonus system at MoneyPot now which can be abused with multiple accounts. They only offer investment option, I believe people aren't going to create multiple account to invest on their bankroll. BTW, here is a reply of OP about the KYC related inquiry.

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.

Moreover, MoneyPot has followed the steps of Bustabit. So, they may follow the Bustabit KYC related requirements, which is limited to the age and citizenship verification. This verification can be done by submitting government issued ID or passport.

Yeah. I went back and checked some of her posts in this thread in detail and understood that. Thanks for the extra clarification though. It's good to see them being upfront about their KYC policy in this manner.

Am expecting them to offer bonuses and promotions later on though when the site becomes more popular with time.

[leomedina]

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?

What Daniel has said before is that only a handful of players benefited from the bonus at the expense of all other players that ignored it. We haven't thought about bringing it back, but maybe some kind of bonus could work if it's the casino that pays for it.

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.

To the best of my knowledge, no other casino is doing the same (or at least the way we do it), but I didn't come up with the idea of a dynamic house edge myself. I took inspiration from the "original MoneyPot" 

[Little Mouse]

I have been playing in moneypot for the last few days, not an active gambler. As some of you know, I really enjoy crash games particularly, this was my real pleasure playing in moneypot. The simplicity and the house edge is the most I liked. Well, I know bustabit offers the same as of this. I have played there too, long ago. I kept losing there lol no matter what my strategy was there. But in moneypot, I'm winning  Long live moneypot.

[3kpk3]

To the best of my knowledge, no other casino is doing the same (or at least the way we do it), but I didn't come up with the idea of a dynamic house edge myself. I took inspiration from the "original MoneyPot"  

I respect your decision to go with this strategy considering the risks involved. The Kelly criterion has helped me time and time again though this is the first time that I am seeing a casino use it in this manner.

Well, I know bustabit offers the same as of this. I have played there too, long ago. I kept losing there lol no matter what my strategy was there. But in moneypot, I'm winning   Long live moneypot.

It's because of the low house edge which will increase and limit your wins as your bet sizes grow bigger.

[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?

What Daniel has said before is that only a handful of players benefited from the bonus at the expense of all other players that ignored it. We haven't thought about bringing it back, but maybe some kind of bonus could work if it's the casino that pays for it.

Allow me to disagree with you on this : I think all the players undergo a certain house edge but some of them who play paying attention to other players' behaviour, might lower their house edge benefiting of the bonus feature; but maybe you can refute my assertion in a mathematical way considering your background.

Furthemore, from a "marketing" point of view, bonus feature can differentiate Moneypot from basically all their competitors and it also introduce a "social" aspect in the game due to the fact that one's winnings are in some way influenced by one's own behavior in relation to that of others. 

[komisariatku]

I visited the moneypot site about 4 days ago and I saw the number of members was around 1000, now there are more and more. It seems like moneypot users are increasing every day. Goodluck moneypot

[Mahdirakib]

I kept losing there lol no matter what my strategy was there. But in moneypot, I'm winning  Long live moneypot.

As 3kpk3 has said above, the low house edge of MoneyPot is giving better outcome here than the expectations. Moreover, MoneyPot bankroll is down like 4.1 BTC now. The house edge hasn't worked effectively yet. The players will get bad streak when the house will start to recover it's losses. Compared to other casinos crash game, my experience is also good at MoneyPot lowest HE crash game.

[khaled0111]

You have a catchy domain name, a nice and clean website design, one of the most attractive games and most of all, the house edge is really enticing.
However, since this is an announcement thread which is supposed to be used to advertise your casino, I suggest you make it more attractive (an image says more than a thousand words), especially that you have already bought the copper membership.

[BlackBoss_]

However, since this is an announcement thread which is supposed to be used to advertise your casino, I suggest you make it more attractive (an image says more than a thousand words), especially that you have already bought the copper membership.

The announcement post must be re-designed with a good graphics.

The Moneypot is managed by Royse777 who is professional and experience. He surely has good contacts with best designers in Bitcointalk and can help the Moneypot team to hire a good one to make a better announcement post.

List of designers in Bitcointalk

[3kpk3]

The announcement post must be re-designed with a good graphics.

The Moneypot is managed by Royse777 who is professional and experience. He surely has good contacts with best designers in Bitcointalk and can help the Moneypot team to hire a good one to make a better announcement post.

I disagree. Their ANN looks completely fine and it outlines most of the important stuff accurately which is why it isn't necessary to dazzle it up. What matters more is how the actual site itself looks and performs.

Did you check their site out? Its design and UI look trendy overall and the performance is snappy.

[leomedina]

What Daniel has said before is that only a handful of players benefited from the bonus at the expense of all other players that ignored it. We haven't thought about bringing it back, but maybe some kind of bonus could work if it's the casino that pays for it.

Allow me to disagree with you on this : I think all the players undergo a certain house edge but some of them who play paying attention to other players' behaviour, might lower their house edge benefiting of the bonus feature; but maybe you can refute my assertion in a mathematical way considering your background.

Furthemore, from a "marketing" point of view, bonus feature can differentiate Moneypot from basically all their competitors and it also introduce a "social" aspect in the game due to the fact that one's winnings are in some way influenced by one's own behavior in relation to that of others.

No, I agree. Players who pay attention could benefit from a bonus. And from a marketing perspective it would be great, I think. But as far as I know, the problem was that players were the ones paying for it, and most of the time only a handful of really clever bots were benefiting from it, not "regular players". So everybody was getting slightly worse odds so that a few bots could slowly make a small fortune. It definitely is an interesting idea, though, and I'd like to think more about it in the future.

The announcement post must be re-designed with a good graphics.

The Moneypot is managed by Royse777 who is professional and experience. He surely has good contacts with best designers in Bitcointalk and can help the Moneypot team to hire a good one to make a better announcement post.

I disagree. Their ANN looks completely fine and it outlines most of the important stuff accurately which is why it isn't necessary to dazzle it up. What matters more is how the actual site itself looks and performs.

Did you check their site out? Its design and UI look trendy overall and the performance is snappy.

It probably comes down to personal preference, but I think I agree with 3kpk3 here. I prefer text-only announcement threads, but can see why one with proper graphics could attract more players. I'm going to consider adding at least including a screenshot

[Little Mouse]

It probably comes down to personal preference, but I think I agree with 3kpk3 here. I prefer text-only announcement threads, but can see why one with proper graphics could attract more players. I'm going to consider adding at least including a screenshot

Moneypot is only offering crash games and there's nothing special in it other than the crash + 0.1% house edge. There's no bonus, sign-up bonus, etc. If there were so many features, having a graphical ANN would be required to present your casino in a better shape. Since it's only about a single game, I think it's perfectly fine to have a text-only ANN. It's just fine IMO.
In case, if you are looking for someone to design the ANN, let me mention the best- @jayce

[komisariatku]

It probably comes down to personal preference, but I think I agree with 3kpk3 here. I prefer text-only announcement threads, but can see why one with proper graphics could attract more players. I'm going to consider adding at least including a screenshot

Regarding the ANN design, it seems that it is only to provide a first impression when reading the thread. I'm fine with a simple text ANN or using an attractive design. But what's more important is how OP is always active, answering and discussing in the thread. That is the most important thing and the reputation will be built from there, it is much more important than just the ANN design. I see the OP is very active in the discussion here, and that's a very good thing.

[ingiltere]

I visited the moneypot site about 4 days ago and I saw the number of members was around 1000, now there are more and more. It seems like moneypot users are increasing every day. Goodluck moneypot

It's increasing every day thanks to good marketing campaign. You can see chat is pretty active, too!
Pretty good bankroll and wagered number as well. It's just keep better.

Users 1,245
Bets 1,182,985
Bankroll ₿ 41.19807689
Wagered 100 % ₿ 550.78579700

[TimeTeller]

It probably comes down to personal preference, but I think I agree with 3kpk3 here. I prefer text-only announcement threads, but can see why one with proper graphics could attract more players. I'm going to consider adding at least including a screenshot

Regarding the ANN design, it seems that it is only to provide a first impression when reading the thread. I'm fine with a simple text ANN or using an attractive design. But what's more important is how OP is always active, answering and discussing in the thread. That is the most important thing and the reputation will be built from there, it is much more important than just the ANN design. I see the OP is very active in the discussion here, and that's a very good thing.

Active and resolving issues/complaints as fast as they can is a good shot to the community.
Because that will give inspiration for some players to stay. And follow what's new to the site.
Most gamblers are hopping from one to the next if they are not happy with their experience on the site.
The improvement of ANN thread can wait, but good support will always be appreciated by gamblers.
They already have copper membership, so anytime, they can post visual images in this forum, if they want to.

[Juse14]

I visited the moneypot site about 4 days ago and I saw the number of members was around 1000, now there are more and more. It seems like moneypot users are increasing every day. Goodluck moneypot

It's increasing every day thanks to good marketing campaign. You can see chat is pretty active, too!
Pretty good bankroll and wagered number as well. It's just keep better.

Users 1,245
Bets 1,182,985
Bankroll ₿ 41.19807689
Wagered 100 % ₿ 550.78579700

And in just one day the number of users continued to increase by 91 new users, even though the bankroll decreased a little, in my opinion it was a natural thing and I can still say that the overall bankroll is stable.
I really believe that every day there will be more and more users, and what is displayed on the Moneypot site is also quite interesting, it will increase user comfort and continue to play on the site.

[Mahdirakib]

And in just one day the number of users continued to increase by 91 new users, even though the bankroll decreased a little, in my opinion it was a natural thing and I can still say that the overall bankroll is stable.

The bankroll of MoneyPot is fluctuating for the profits and losses of the users. Now the bankroll has decreased to 37.5 Bitcoin. Users betting activity is gradually increasing, but the house of MoneyPot can't generate profits with the wagering activity of the users. I'm wondering how long the house edge of MoneyPot will keep the users happy by staying in negative .