Quote from: DarkStar_ on December 20, 2016, 03:52:51 PM

Quote from: Edraket31 on December 20, 2016, 03:15:10 PM

Quote from: BlockChainLottery on December 20, 2016, 03:03:44 PM

Quote from: chris200x9 on December 20, 2016, 01:00:34 PM

Can somebody explain to me how profit and losses sharing will works here?

Case one - player wins 1 BTC from any moneypot app in single bet.

What I know is -

40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC

Investors need to pay - 1BTC+ 0.004+0.001 = 1.005BTC in total will disappear from the investors account.

Case two - player losses 1 BTC in any moneypot app in single bet.

What I know is -

40% to app owners ( 40% of the house edge) equals to - 0.004 BTC
10% to Mp ( 10% of the house edge) equals to - 0.001 BTC
40% to investors - ( 40% of the house edge) equals to - 0.004 BTC

All together is 0.009 BTC

If we deduct this 0.009 BTC from 1 BTC = 0.991 BTC

Please explain to me who will take this 0.991 BTC and how it will be distributed

I know my understanding is not correct. Thanks

First of all, with 1% house edge, to win 1 btc, the one who is betting must wager 1.01btc.

Case 1: 50% of house edge goes to investors, 50% of he to app owners, and investors have 1btc loss
Case 2: he is the same as in case 1, 1btc goes to investors

Wrong, even .01btc can win 1btc if it hit 100x multiplier.

Case1: correct
Case2: .004btc will go to the app owner, .001btc to moneypot and the .995btc will go to the investors

If im wrong, please correct me

You're wrong. If it's a .01 BTC bet, assuming 1% house edge, the app owner will get 0.00004 BTC, and moneypot gets 0.00001BTC, as their share is based on the bet size and house edge, not attempted win.

If someone loses 1 BTC, I assume the app owner would get 0.1 BTC, moneypot gets 0.1 BTC (and both get their normal house edge share), and investors get ~0.8BTC.

I didnt said it was a .01btc bet, what i mean about correct is the case one where he uses 1btc on his computation so i said that is correct but not as .01btc bet

Wrong, doesn't matter if player losses or wins, the app owner will get 40% of the house edge, so if a player losses 1btc but he wagered it 1000x (1,000btc) before losing it, app owner will earn 4btc on commission and 1btc for moneypot