bustabit.com -- The Social Gambling Game

[Tlee88]

 Exactly , you can have any strategy and by all means the 'best' strategy is subjective but even if you find the 'best' one , you can't win against house edge in the long term.

Actually, MoneyPot is special. Really special. No other site has the type of bonus like on Moneypot. I've seen bonus multipliers of up to + 0.08x your bet. Meaning, if you include the house edge, you could have a +7% house edge. But that is based on luck. If you notice how a different high roller is playing, try and grab the bonuses, and maybe you'll win yourself some good money!

+7% house edge just happens when your bet amount is tiny , if your bet amount is bigger , you only get <+2% bonus ( often is 1%)

[CryForMeSky]

+7% house edge just happens when your bet amount is tiny , if your bet amount is bigger , you only get <+2% bonus ( often is 1%)

Wrong.  The size of the bonus is based on the % that the highest bettor would receive were he the closest to cash out to the crash.  So betting smaller doesn't increase your bonus, it decreases it.

[dooglus]

The median crash point is 1.97x.

How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?

Here's what you are missing:

If the crash-point is lower than you ask for, you get nothing back.

Saying "the median crash point is 1.97x" is equivalent to saying "the crash point reaches at least 1.97x 50% of the time", which in turn is nearly equivalent to "if you play at 1.97x, you have a 50% chance of winning 1.97x, and a 50% chance of losing".

That corresponds to a payout of 1.97 * 50 = 98.5%, or a house edge of 1.5%.

That's how the math works, but I think at moneypot the house edge is actually lower than that. The 'nearly' in the above is responsible for the difference. Moneypot crash points are only shown to 2 decimal places, and the crash point reaches 1.97x a little more than 50% of the time, but reaches 1.98x less than 50% of the time.

tl;dr: think of the "median" crash point as being like the payout for a 50% bet on a regular dice site.

[Inquisitorem]

 I think we should add the bonus points to that equation so that we can get the real median. Yes it is 1.97 but with the bonus how much is it? That might help it reach %1 with 1.99. Not sure the median bonus rate though.

[Tlee88]

 I think we should add the bonus points to that equation so that we can get the real median. Yes it is 1.97 but with the bonus how much is it? That might help it reach %1 with 1.99. Not sure the median bonus rate though.

maybe it help you to understand about bonus :

The bonus is a special prize that is awarded to the last people to cash out before the game crashes. Getting the bonus is critical to skillful playing of MoneyPot, as it is the only way to overcome house odds.
1% of each player's stake goes into the bonus pot. So if there are 4 players, betting 400, 300, 200, and 100, there will be 10 bits in the pot. If the biggest player wins, he gets the whole pot. The site works out the rate he would be getting if he won, ie. 400 bits bet gives 10 bits bonus - or 1/40th bonus per bit bet. It then applies the same rate to whoever actually wins.
So if the 100 bit player wins, he gets 1/40th of 100, or 2.5 bits. That leaves 7.5 bits in the pot, which goes to the next best placing player(s).
Suppose the 200 bit player comes 2nd. He is due 1/40th of 200, or 5 bits. There are still 7.5 bits in the pot, so he gets the full 5 bits he is due - the same as if he had come in 1st place.
Suppose the 300 bit player comes 3rd. He's due 7.5 bits (300/40) but there are only 2.5 bits left in the pot, so he gets those and that's all. There's nothing left for the 4th or worse place players.
1% of games will instant crash (0x) and no bonuses will be awarded, all other games have bonuses equal to 1% of the amount wagered.

[Mist]

The site is currently not running games at the moment, Ryan will be on shortly to fix. Sorry for the delay everyone!

[Mist]

Yeah =/ Sorry about that. Such terrible timing, have unreliable internet at the moment.

Working on an experimental fix, but in the mean time have put the site into maintenance mode. If I can't get the game fully functional today, I'll put the website online so everyone has access to their funds. =)

What am I supposed to do for several hours. FFS Ryan you inconsiderate fuck

[Mist]

Thank you for reviving my life, I was bored.

[Venusianism]

Yeah =/ Sorry about that. Such terrible timing, have unreliable internet at the moment.

Working on an experimental fix, but in the mean time have put the site into maintenance mode. If I can't get the game fully functional today, I'll put the website online so everyone has access to their funds. =)

What am I supposed to do for several hours. FFS Ryan you inconsiderate fuck

Rofl - Life & Times of mini-hedge-fund kids

Thank you for reviving my life, I was bored.

;3 =/

[Mist]

In the interest of transparency, this seemed to alleviate our problems:

https://github.com/moneypot/webserver/commit/0a8c1e17eab4d868610563cd00cccccc1958696a
https://github.com/moneypot/depositer/commit/36eafb0ac8a628e3c094349934059df23a937113


although, I'm still not sure what caused the sudden issue.

As long as it doesnt happen again, its all good.

[birdcat90]

hiks, just lost for 20k bits on moneypot..

got 7 red streaks on payout 1.4...i think it was the safest way to earn but still ..loss again..

never safe on gambling..

[arallmuus]

hiks, just lost for 20k bits on moneypot..

got 7 red streaks on payout 1.4...i think it was the safest way to earn but still ..loss again..

never safe on gambling..

there is never a safe way to gamble, the more you think that you are safe, the more you will actually lose your coins, if there is a safe way to gamble, no one will be opening a gambling sites, please keep in mind, only gamble what you are ready to loss, because there is a chance to win and also a chance to lose

[raderhamart]

Money is my favorite game when it comes to small profits.

[political1907]

I like this moneypot Enjoyable gambling games, im really fun with moneypot.

[Mist]

You guys talking about that 1.01x strategy. That is SUPER bad, as in really really really bad. As someone that has been here for almost 6 months, I can say that I have seen many streaks where its either crashes on 0x or 1x 3 times in a row. Hell I've even seen a 5x with those numbers. Please do not do this strategy, especially with 1.1 btc. Unless you feel like donating money to Ryan this is a bad idea.

[MonsterV]

now very difficult to win in moneypot even play with x 1.1, I think I need to stop playing,
before losing bitcoin more 

[Mist]

now very difficult to win in moneypot even play with x 1.1, I think I need to stop playing,
before losing bitcoin more 

1.1 isnt that good of a strategy, even for -EV. I suggest you talk in chat and ask someone about something better.

[MonsterV]

now very difficult to win in moneypot even play with x 1.1, I think I need to stop playing,
before losing bitcoin more 

1.1 isnt that good of a strategy, even for -EV. I suggest you talk in chat and ask someone about something better.

I've tried and succeeded at the beginning, but lost in the final

[Mediator]

now very difficult to win in moneypot even play with x 1.1, I think I need to stop playing,
before losing bitcoin more 

1.1 isnt that good of a strategy, even for -EV. I suggest you talk in chat and ask someone about something better.

I've tried and succeeded at the beginning, but lost in the final

there is no compulsion in moneypot friend, it is a risk if you leave gambling losses

[monbux]

This looks like a very interesting game.. I'll win by using that 1% skill.
Edit:  Played like 20 rounds, really awesome, I thought I was rich, but then realized 1 bit is like 0.000001 BTC x_x