Quote from: Bjorn_Blockchain on December 15, 2016, 02:03:23 PM

Quote from: Dogedigital on December 15, 2016, 11:28:59 AM

Quote from: dooglus on December 15, 2016, 08:17:45 AM

Quote from: bitcoinmasterlord on December 15, 2016, 06:26:23 AM

Is it true only investors lost the money in moneypot but moneypot owners and app owners are in profits?

I'm not so good in understanding the statistics, but from this table, it looks like only investors lost the money and others are in still profit. If it is true, then moneypot is not suitable for investors, right?

Yes, it's true.

The site and the apps make a guaranteed gain every time a bet is placed, even if the bet wins. When a bet wins, not only do the investors have to pay the winner of the bet, but they also have to pay the site and the app owner. You can see that in the screenshot. Comparing the left and right sides you see that while the site profit dropped by just 78.5 BTC, the investor profit dropped by 82.5 BTC. The app owners actually profited by 3 BTC from this large loss, and the site itself profited by a further 1 BTC. The investors made up the difference.

On the other hand, if the apps ever do better than expected then the investors will also do better than expected. The site and the apps take a percentage of the wagered amount, independent of the actual profit. The way things are set up means that when the site performs at less than 70% of expectation the investors take a loss.

I was going to quote your other post and respond, but decided against it, as I'd rather just drop it. I still don't understand why all the site owners can't just create a pact together to help each other out instead of constantly attacking one another. We'd all be much better off united.

This is a much better post. I don't know why you couldn't just say this from the beginning.

Many people hang on to your every word. If you say it is 'Like' something, many are going to assume that's the way it really is always. That was my problem.

Anyways, just as a headsup, there is a possibility that we end up locking investments soon so that no new investments can be done and we will be looking to add in more private funds. We believe the investment situation is highly profitable in the long run.

I agree with Dogedigital, too often are there people in threads that stir up trouble for other businesses just for some weird personal satisfaction. I think if you really had good intentions of trying to help others improve on their sites you'd send a private message to discuss. Doing this publicly Dooglus makes it look vindictive, and at this point why? There is no legitimate answer to that and I don't expect one, just perhaps consider the choices you make prior to posting on threads other than your own.

Have you ever notice most of us never post in your business thread? It's because we could frankly give 2 shits what you're doing with your sites.

On the other hand, some of us care a lot, because it's a lot of real money invested in these sites