It is quite surprising that you are still doing the development on your website. And I'm more surprised to see that you have added the dice game with 1% house edge only. But users betting activity is too low on your website. I believe you will get more active users if you remove the mandatory KYC verification system. People rarely show interest to play in-house games by filling those KYC steps. You should do the marketing in a better way.
Due to our license requirements, we are required to KYC our users. However, we made the process very simple and straightforward and should not take longer than a minute or so.
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Topic
BoardGambling
Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | UP TO 60% RAKEBACK | FREE DAILY FAUCET 💰
by
monkgg
on 14/08/2024, 19:58:45 UTC
We just added 3 new games; Mines, Limbo, and Dice! Feel free to check them out
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BoardGambling
Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | BEST BET CONTEST | FREE DAILY FAUCET 💰
by
monkgg
on 28/06/2024, 03:22:05 UTC
OUR COMMUNITY "BEST BET" CONTEST IS NOW LIVE - $500.00 IS UP FOR GRABS!
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
There will be no fun of the game if they remove the zero/monk payout from the roulette. The real zero HE game can also be with the special zero/monk payout. However, the HE is approximately 0.1% for their roulette game with MONK currency. Contribution to the expected return amount for 1 to 7, 8 to 14 and special monk/zero is respectively (7 ÷ 15) × 2.14, (7 ÷ 15) × 2.14 and (1 ÷ 15) × 15.
• Total expected return is: (7 ÷ 15) × 2.14 + (7 ÷ 15) × 2.14 + (1 ÷ 15) × 15 = 2.99733 • So, the HE is: [1 - (2.99733 ÷ 3)] × 100% = 0.089%
The HE is 6.67% for a bit lower payout of all outcomes in other crypto. @monkgg, The HE isn't really 0% in MONK token for the roulette game. Have I missed anything on the calculation?
To have 0 house edge on red/black, the multiplier would have to be 15/7, or 2.142857... which we truncate to 2.14 since it's an irrational number. Soon we'll increase the floating point precision of this value to make it closer to 0% house edge. To have 0 house edge on green, the multiplier is 15/1 = 15x, which we don't have to truncate and therefore all green bets will have an exactly 0% house edge.
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BoardGambling
Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | FREE DAILY FAUCET 💰
Marketing wise, like Poker Player said, your 0% house edge approach with $MONK should attract people but $MONK's trading volume is super low. I checked it right now on Coingecko and 24H trading volume is $333.
So it is not a zero HE game. Real zero HE game would be without Zero/Monk
This is not true. Our roulette has a zero house edge. Instead of 2x on red/black we have 2.14. Instead of 14x on green we have 15x. This results in a 0% house edge.
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BoardGambling
Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | FREE DAILY FAUCET 💰
If you play in the MONK currency, then the payout is on red or black with odds of 2.14, and on green Monk (zero) with odds of 15, and then the house edge is 0%. If it is played in all other currencies, then the payout is on red or black with odds of 2, and on green Monk with odds of 14 and then the house edge is 6.67%
Exactly
And for coinflip/jackpot PvP casino games (or PvH if you play against a bot in coinflip), then there is a 0% PvP fee for $MONK bets.
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BoardGambling
Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | $3,000 RACE LIVE NOW | FREE DAILY FAUCET 💰
Hello, I registered today and went through the verification process. After that I made the first deposit in DOGE currency, but the amount did not appear in my account after a few hours. My username is ztec. I also sent an email to support with the transaction number. How long does it take to get a response? Thanks in advance
Hi ztec. Are you sure that your deposit did not go through? We can see the funds in your account and the transaction in your deposit history. We've also responded to your email. Let us know if there are any issues.
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BoardGambling
Re: ⭐ Monk.gg ⭐ - 0% HOUSE EDGE GAMES | $3,000 RACE LIVE NOW | FREE DAILY FAUCET 💰
by
monkgg
on 24/05/2024, 07:20:42 UTC
OUR $3,000 ROULETTE RACE IS NOW LIVE!
All roulette bets (aside from bonus wallet bets) count toward your roulette race stats. This means that 0% house edge roulette bets (bets that are made using Monk) will count toward the race! This makes this the first ever wager race to accept 0% house edge bets.
The second graph was just to run a mock simulation to show how a house edge vs no house edge would affect a player's gambling session. You can see the house edge player approaching zero much more rapidly (should be self-explanatory as to why). If you're curious about the simulation parameters, I had a player start with 100 units, bet 1 unit per round on a random color, and have the game result be chosen randomly. You can see the code here if you'd like: https://pastebin.com/whdJNtG3
Well, you seem to be a reasonable person, unlike the other retard, but here I doubt if you are missing the point on purpose or what. The problem with the second graph is not that the one who plays a game with HE loses money. The problem is that the one who plays a game with 0 HE has profits. If the time scale is the same as the other line that graph should be equal to the initial balance, 100, at approximately the same time that the one who plays a game with HE loses his money and is left at 0.
In a game with 0 HE the long term tendency should be to stay with the initial balance, and not to have profits, as the blue line shows.
I know, my recent reply doesn't disagree with you
No house edge session should theoretically stay the same (1.00x). House edge session should theoretically go to 0. Simple