MoneyPot - Crash with the lowest house edge

[hopenotlate]

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.

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

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[arallmuus]

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

Well bustabit which was the 'original' moneypot was an established site and well known among investor, steadily making profits for the house and even with all those huge commission. In actuality its 0.54% of the total wagered amount so yeah its not really that big compared to the wagered amount but pretty huge amount for sure

Kinda wonder how much did @leomedina paid to Daniel to acquire both bustabit and bustadice. Well all the best luck after acquiring one of the most well known site in crypto gambling space. Acquiring it is one thing but running it to the extend of the same level as the previous owner should be another matter

[yahoo62278]

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)?

Wouldn't mind seeing a doge, ltc, eth version of the game. More options means more players join in the player pool IMO. @leomedina you might consider this when you got time to think. Never know what might happen.

[kotajikikox]

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.

That is two of the old if not the oldest gambling site that had their advertising here in Bitcointalk and now you having them , We are looking for more active and engaging team for the players of both site.
sad to see Moneypot is closing but it is glad welcoming Bustabit and Bustadice again.
and also it is good to give players more enough time to withdraw all players fund .

[TheUltraElite]

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

This only applies when the bankroll's profit reaches an all time high. Then the commission rate is applied and the casino keeps that percentage of money for itself and the investors get the rest. I think the difference in percentages is because the total bankroll was much different on these two sites. MP bankroll was ~30BTC and BAB bankroll was around 1740BTC.

However I am not sure if this is the only reason, maybe @devans or @leomedina can give a more precise answer.

But moneypot is shutting down so these numbers dont mean much anymore.

[hopenotlate]

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

This only applies when the bankroll's profit reaches an all time high. Then the commission rate is applied and the casino keeps that percentage of money for itself and the investors get the rest. I think the difference in percentages is because the total bankroll was much different on these two sites. MP bankroll was ~30BTC and BAB bankroll was around 1740BTC.

However I am not sure if this is the only reason, maybe @devans or @leomedina can give a more precise answer.

But moneypot is shutting down so these numbers dont mean much anymore.

Well, honeslty regardless bankoll amount it is quite discouraging putting your money in the site bankroll only to get back 16% of the profit your money contribute to generate : I can understand they need to cover mantainance and security costs and the business is set up for generating profit for owners but 84% fee in my eyes sounds like an invite into divesting more than the opposite.

[cryptocoupons]

I'm thrilled to announce MoneyPot.com, a Bitcoin crash game with the lowest house edge. What sets MoneyPot apart from other online casinos is that we start with a house edge of 0.1% and only increase it as little as necessary. We invite you to check out our manifesto and our maths page if you want to learn more.

Rock-solid source code

MoneyPot builds upon the code that powers bustabit and bustadice. I acquired the source code from Daniel a couple months ago, after having helped with its development for several years. As a result, MoneyPot has all the features you already know and use:

• Instant deposits available
• Highly optimized withdrawal system
• Scripting support for custom strategies and bots
• Backtest strategies with simulated money
• Shiba the bot

Moving forward, my team and I will focus exclusively on MoneyPot. We have an exciting roadmap ahead and will be delivering updates over the coming months. Also, more games are coming in the future. Stay tuned!

Even higher bet limits

Awesome news! Looking forward to exploring MoneyPot.com. The low 0.1% house edge and features inherited from bustabit and bustadice sound promising. The higher bet limits and augmented provable fairness add to the appeal. Excited about the roadmap and new games. Cheers to the return of MoneyPot's origins!

Bet limits have been virtually eliminated as we use the Kelly criterion to determine the house edge in each game. However, to prevent excessive loss in a single round, we have set a limit on the amount a player can win in one game to 4% of the bankroll. Additionally, we have set a limit on the total amount of winnings per game to 5% of the bankroll. As a result, high rollers can make even larger bets, win more, and overall players will be forced to cash out even less often.

Augmented provable fairness

Provably Honest participates in our provably fair game result generation and maintains transactions records of our games. This offers much better guarantees to players and investors:

• The burden to validate games is no longer on the players. Provably Honest verifies all games on their behalf, without compromising their ability to independently validate them.
• We can't know future game results until the start of the game. This helps us have a more secure system, which indirectly helps our bankroll investors and players.

Please feel free to explore their API docs to see how it works.

Investment system

MoneyPot's bankroll is publicly funded. The commission we receive will be calculated by converting the bankroll to special drawing rights (XDR) using the average exchange rate of the past 180 days, then dividing the result by 30,000,000 XDR. Thanks to our adjusted probability scheme, MoneyPot can offer higher limits without the need for a larger bankroll.

To incentivize investors to participate in the bankroll, we are waiving all dilution fees until further notice.

Back to the origins

As some of you might already know, MoneyPot was the first crash game in the industry. In 2014, when Ryan took over, he rebranded MoneyPot as bustabit. Subsequently, the moneypot.com domain was sold and eventually faded into obscurity. In MoneyPot's early days, the house edge was dynamic. That's our main differentiator, and since we're starting with crash, it only seemed right to acquire the domain. That said, we are in no way affiliated nor know the team that operated it after Ryan. Back to the good old days!

Awesome news! Looking forward to exploring MoneyPot.com. The low 0.1% house edge and features inherited from bustabit and bustadice sound promising. The higher bet limits and augmented provable fairness add to the appeal. Excited about the roadmap and new games. Cheers to the return of MoneyPot's origins!

[leomedina]

Good to hear your Moneypot investiment had a good outcome: just had a quick look at both investiment pages ( MP and BaB) and I saw there is a huge difference in commission applied MP takes (better say took) a 0.2% while BaB a huge 84%    
As you seem to be quite deep into investment dynamics do you know the reason/logic behind that huge commission BaB takes from the net profit?

This only applies when the bankroll's profit reaches an all time high. Then the commission rate is applied and the casino keeps that percentage of money for itself and the investors get the rest. I think the difference in percentages is because the total bankroll was much different on these two sites. MP bankroll was ~30BTC and BAB bankroll was around 1740BTC.

However I am not sure if this is the only reason, maybe @devans or @leomedina can give a more precise answer.

But moneypot is shutting down so these numbers dont mean much anymore.

MoneyPot only charges a commission on profits that exceed the record when the bankroll surpasses its previous all-time high. And you are correct, since the bankroll was small, nearly all profits went to investors. That's the reason they did so well in such a short time. But had the bankroll grown more, the commission rate would have seen an increase.

The purpose of a dynamic commission rate is to reduce the size of the bankroll to a more reasonable one when it becomes excessively large, and to encourage investors to take profits and divest from the bankroll during periods when it isn't.