App owners do bet on their own sites, however they make up a very minor portion of the site volume.
Let me help in crunching down some simple number to help understand this.
Assuming that an app owner wager 100 bitcoin of volume in his 1 % house edge site, that gives him half of the house edge back to him as app owner
So 50 % of 1 % house edge * 100 bitcoins = 0.5 bitcoin
Assuming that there is no variance or anything at all, he will lose 1 bitcoin for every 100 bitcoins volume
Which means he lose approx 0.5 bitcoin every 100 bitcoin volume
In the end it will be the same as normal player betting on a 0.5 % house edge?
P.S : Is the share of app profit still 50 % of the house edge?
Your calculation is right. So basically, it is like losing 1 btc but you still are able to get back 50% of it which is 0.5btc back. However, i remember that it is not 50%. I remember there is one time i hear that it also factor in on the fee for campaign signatures and some other misc stuffs.
Yeah it seems my calculation is wrong, it cant be 50 % at all because the current system actually has a commission structure to moneypot for every wagered amount so it cant be that however assuming that it is then the numbers are actually correct , in the end it will be mostly the same
50%(last time i checked) of the Housed Edge goes to App owner, no deductions,fees(except when withdrawing,miner fees).. The other 50% is then split 20-30(last time i checked) between Moneypot & Investor.
You mean that if the app owner want to advertise about his games, he actually need to fork out from his 50%? And i dont know the investor only get this low percentage of the profit. I always think it is much higher. With the crazy amount of bankroll, no wonder that the profit is increasing at a very slow rate right now.
We have had this fee structure in place for the past half year (and it was announced when we did it), the vast majority of investments is made up by a few investors and they are satisfied with the way the business is operated. The only reason profit has been moving slow recently is because we had 4 days of downtime just a week ago, and over the past few days we have had a player win over 40 BTC (https://www.moneypot.com/users/copypasta).
Also a bit curious as to who you think should be paying for apps advertising if not the app owners
