Quote from: klf on December 19, 2016, 03:07:28 AM

Quote from: ranlo on December 19, 2016, 02:00:54 AM

Quote from: MinerHQ on December 19, 2016, 01:50:30 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.

If moneypot and app owners are not involved in risk taking than I don't consider such sites are safe to invest money and it is just my opinion because I think in some way site owners and app owners also need to pay these big wins then only I feel whole business model can grow in a healthy way otherwise I think it is not fair to push all losses to only investors. And I don't think hosting and maintaining site cost will be that high to push all big wins only to investors.

App owners have their own costs. MP has their own costs (encapsulating coverage of all apps, development, time expense, etc.) PLUS has always had a large portion of the BR. To say MP has not had any "risks" is asinine. When the BR tanks, MP loses as well, not just investors, as MP is, at its core, an investor as well, both personally and business-oriented.

I also want to stress the fact that the grand total paid to ANY of the MP owners over the past year (which covers our ownership period) is exactly 0.00000000 BTC. ALL income that has been made has always been put back into the system for growth, development, etc. There has been a lot we've worked on behind the scenes, and just don't want to share at this point because people like to ask for a specific release date and then attack you if something slows that down and/or things change with regards to actual execution of ideas.

Is it a good idea that if anyone wins higher than certain % of bankroll then investors, app owners and moneypot should share equally all losses than only investors? I don't know it can be agreed by all and can be implemented this system. Just to show people that even owners also part to sharing those huge losses.

Looks like a good suggestion because if app owners and owner do not want to take part in sharing all the losses which occur in the moneypot system but at least, they should be part of some massive losses. I too lost big amount here and moved my funds to other bankrolls.