Post
Topic
Board Gambling
Re: MoneyPot.com :: The bitcoin gambling wallet
by
erwin45hacked
on 02/06/2015, 05:51:47 UTC
Seems like you will get alot of advantage for being developer and use moneypot bankroll.

The split of profit is 50 50 . If I am a developer and bet at my own site for 1 btc and win, I will get 2 btc . If I lose 1 btc, then I will get back 0.5 since the split of profit is 50 50 isnt it? this is simple calculation assuming that there are no investor, of course after cutting with the investor profit I will still get back like 0.4 btc , so It is a plus point betting at my own site if I am the developer right?

This is incorrect, the amount gained is 50% of 1% for every bet. So using Betterbets.io as an example since we are the first to use this system we currently have 237 BTC wagered since launch. Our gains from this is 1.185 BTC. Hope this clears up all your questions regarding gaming the system on the developer end. In other words, to succeed you must have high volume and produce a quality Casino or game, and that's the bottom line.

This means this is a zero risk opportunity for developer isnt it since he/she will get 50 % of 1 % house edge of the wagered amount . It means that if he wager a 1 btc then he can get 0.005 btc from it too even if he win. Could perhaps play at 98 % chance to win to get more wagered 


@ryan, does faucet lost/wagered count towards the profit for developer?