Hi,
I was explained by e-mail support that the current moneypot commission structure is as follows:
Apps receive 50% of the house edge. Moneypot receives an additional 20% commission. Investors receive ~0.3% house edge.
The way commissions is explained in the FAQ is a little confusing for me. Can you confirm this?
Thanks.
Apps receive 50% of the house edge. Moneypot receives 20% of the house edge. 30% of the house edge is the investor's edge.
Example, a player bets 1BTC at a 1% House Edge 100 times.
The app would receive (1BTC * .01 (1%) * 0.5 (50% of house edge)) * 100 (number of bets) = 0.5 BTC
Moneypot would receive (1 * .01 * 0.2) * 100 = 0.2BTC
Assuming a perfect standard deviation, the investor would stand to profit (1BTC * .01 (1%) * 0.3 [investor's edge]) * 100 (number of bets) = 0.3BTC
Of the last month, we are averaging over 100BTC in volume a day and over a million bets a day with an average house edge of slightly over 1%.
Statistically speaking, this means that the investor profit should hypothetically be increasing by approximately 0.33 Bitcoin a day.