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Showing 9 of 9 results by scottybweyy
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Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 15/10/2014, 07:37:08 UTC
https://www.moneypot.com home page is loading OK however https://www.moneypot.com/play just displays Connecting to server... Anyone else having the same issue?

I've tried from Chrome & Safari and from two different computers.

Same here.  Game froze but chat window was still active.  I tried to refresh and got the same error.
Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 23:50:11 UTC
As always, nice work Doog.

I'm not convinced it's right, because it's not clear how to say that part of the bonus pool you expect to get if you win or lose. I think I would prefer to see the calculator ignore the bonus completely, since it's almost a zero sum game.

I agree, I'lll change it to be zero sum for the house (instant crash in 1 in 101 games, as opposed to 1 in 100) and we can really simplify the calculator and calculations.

Yea thanks Doog!

It's definitely not very intuitive for such a simple game looking at the equations. I took a crack for 25k bet amount @ 1.21x after seeing the example  calculations and factoring out the bonus. Let me know if you concur Eric/Doog.

b = player bet
m = player multiplier
probCrashing = 0.01 + (1 - 0.99/(m-0.01))

winProb = 1 - probCrashing = 1 - (0.01 + (1 - 0.99/(m-0.01)))
expRet = expHouseWinAmount - expHouseLossAmount = (b*((1 - 0.99/(m-0.01)))) - (b*(m-1)*(1/m))

winProb = 0.815
expRet = 36.157
Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 17:17:58 UTC
Does anyone know the new webhost being used? Also if anyone can do the calculations and show their work I'd be thankful. https://bitcointalk.org/index.php?topic=709185.msg9193154#msg9193154
Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 03:34:58 UTC

Quote
5. Using the below variables, how would you represent Player EV ignoring the bonus profit?

try: https://www.moneypot.com/calculator

If you ignore bonuses, you will lose between 0 and 1%

Thank you! My only other question is to clarify the equations your calculator uses.

Can you use 25,000 wager with 1.21x multiplier, plug it into a formula and show me how the calculator gives the player a 81.675% probability of winning. Also plug it into equations that show House Expected Return of 45.8125 and House Margin of 0.18325%?
Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 03:03:32 UTC
1. I believe all bonuses are paid out for each game.  If there is leftover after cashed out players are paid, the uncashed out players will be paid.  0x does not pay bonus but 1x does.

Oh, is there a difference between 0x and 1x crashes? I was under the impression it was the same thing and used interchangeably.

Again we'll wait for Eric to chime in.

I think 0x is the approximation for him to fund bonus pool. 1x is possible when the random number is ~0.995 or higher due to m(r) formula.
Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 02:57:31 UTC
This game has been fun but is confusing. I'm hoping someone can answer the following questions.

1. What is an example where no one collects a bonus and it carried over to next game?
2. The strategy guide states the house expected return is "1% * playersInGame * tableAmount". I'm confused why the number of players in the game matters for the House_EV? Can someone elaborate/clarify?
3. In the FAQ, a 2nd house EV formula is listed as "1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)". Why are there 2 House_EV formulas?
4. In the chat, it was stated the the multiplier is calculated by using a random number from 0 to 1 in the formula m(r)=(99+r)/(100*r). Is this true?
5. Using the below variables, how would you represent Player EV ignoring the bonus profit?

P_EV = Player EV
r_AW = roomAmountWagered
p_AW = playerAmountWagered
p_M = playerMultiplier

P_EV = Huh

1. I believe all bonuses are paid out for each game.  If there is leftover after cashed out players are paid, the uncashed out players will be paid.  0x does not pay bonus but 1x does.
2 and 3 I cannot answer as I have not looked at the code nor am I qualified to calculate
4. The multiplier is 1/(1-rand()), subsequently adjusted for 1% house edge
5. see 2 and 3.

If you are looking to play +EV...

Thank you for your responses. I understand how to play profitably. I'm just trying to optimize.
Post
Topic
Board Gambling
Re: BITCOINCASINO.NET ☞ 1000mBTC Bonus, Live Dealers, Live Poker and Table Games
by
scottybweyy
on 14/10/2014, 02:35:15 UTC
Hi Scotty,

All we wait for on withdrawals is 6 confirmations from the block chain (roughly an hour). That's all there is to it, nothing else needed at all.

Any other questions let us know.

BitcoinCasino.net Team

So withdrawals are automated/instant 100% of the time as long as the corresponding deposit has cleared 6 confirmations? Even if I won 100BTC it would be instant?
Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 01:53:36 UTC
This game has been fun but is confusing. I'm hoping someone can answer the following questions.

1. What is an example where no one collects a bonus and it carried over to next game?
2. The strategy guide states the house expected return is "1% * playersInGame * tableAmount". I'm confused why the number of players in the game matters for the House_EV? Can someone elaborate/clarify?
3. In the FAQ, a 2nd house EV formula is listed as "1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)". Why are there 2 House_EV formulas?
4. In the chat, it was stated the the multiplier is calculated by using a random number from 0 to 1 in the formula m(r)=(99+r)/(100*r). Is this true?
5. Using the below variables, how would you represent Player EV ignoring the bonus profit?

P_EV = Player EV
r_AW = roomAmountWagered
p_AW = playerAmountWagered
p_M = playerMultiplier

P_EV = Huh
Post
Topic
Board Gambling
Re: BITCOINCASINO.NET ☞ 1000mBTC Bonus, Live Dealers, Live Poker and Table Games
by
scottybweyy
on 07/10/2014, 04:23:58 UTC
How instant are withdrawals? If they're not instant, what is the approval process (e.g. exactly what are you looking for and examples of holding up withdrawals are appreciated)