It's nice to see another good number chasing game from you! But I have a question - will be current submitted low numbers visible at the Leaderbaord? Or we shall play, guess until the end of the competition and then just to hope our number is among the 10 lowest? Hi, the leaderboard at https://yolodice.com/#bonus is updated live (well, every few minutes) and it registers all qualifying bets. So you don't need to do anything than play and then claim the prize if your bet is amont top-10. If you roll any number that qualifies to get the leaderboard, it will be there within a few minutes. Cheers, Ethan |
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This is a legit competition by YOLOdice. Cheers and good luck to all! Ethan EDIT: There are a few ways to bet really fast: * a script using our Ruby client gem: https://github.com/ethan-nx/yolodice-examples/blob/master/play/number_hunt2.rb* using on-site autobetter, the config that can get you going is: {"roll_range":"lo","on_start":"a=0.00005;m=2"}
(just hit Autobetter, then Load/Save button and paste this) * DiceBot - it's really fast too. A tip to make it even faster is to disable embedded graph. Depending on where you live, you could get up to 50 bets per second, but a more realistic value is 10-20 bets per second for Europe, slightly slower for other locations. Good luck and cheers! Ethan |
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Important announcement regarding investment commissions
We are increasing the investment commission from 10% to 20% on Monday, 3 Apr
(in seven days) I have no problem with you guys increasing commission to 20% as one of YoloDice investors, more so if you are going to reinvest it in growing the site. But as some fellow investors have said, it would be good to stick with this long term and don't change it too frequently. Thanks. Also, a little feature request - may you please add some automated method to request current investments list, P/L (site bankroll + per investment) per account ? Either via API call or e.g. request hashed per account URL with e.g. JSON response. So your investors can easily check P/L on their invesment without the need to clicking/logging in to the site. Thanks for considering this. Anyway, let me wish all the best to you guys & to YoloDice! Thanks for the comment. I will document the API calls required to get investment data next week. Indeed it would be nice to have - especially if someone could create a widget to show the data on desktop or on mobile :-) Cheers and thanks! Ethan |
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Right now its a very bad time to bet with altcoins however because of what is going on with the price of Bitcoin. Due to the entire Segwit and Bitcoin Unlimited mess, all BTC is going into altcoins and altcoins are becoming very expensive.
Yes i agree with you but we can exchange those alt almost instantly using shapeshift or exchanges at current rate so i don't think we may loss anything due to all this pump and dump drama.  Holding alts is the worst decision. Convert bitcoin to altcoin -> Make deposit -> play and win some -> Withdraw those alt to exchange platforms -> Sell them to hold bitcoin.  I am still not convinced about implementing alcoins. Potentially - it could open YD to new markets, but on the other hand I'd rather concentrate on one currency and if this succeeds - look at altocoins. Right now there are a lot of Bitcoin owners and players we can reach and reaching them seems easier than implementing altocoins and probing new ground. One thing I need to agree with is that Bitcoin starts to suck when it comes to transaction fees and confirmation times. I am not ruling anything out. Maybe at some point we will not only support altocoins, but also other games. But right now the priority goal is: a good Bitcoin dice site. Once we get there we'll start looking around for sure! Cheers, Ethan |
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I have just released the payments. Thanks for participating and good luck! Cheers, Ethan |
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Hey ethan i had a question let's say i invest in your site at a leverage of 10 and the site profit is as 50 btc and it reaches 100 btc but then it reduces to 80 btc so my investment won't close right it will only close if the site profit becomes 45 btc.
Hi, you investment would survive it. By looking at the current investment structure I'd say that a x10 investment would close if site profit drops even to -40 BTC. In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied. Cheers, Ethan Oh that's pretty good i wished i asked about this before so there is very less chance of investment closing on your site. Probably you know this, but you can close an investment any time and open a new one, with different leverage. Cheers, Ethan |
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I will agree that 10% commission is low for a dice site and even 20%, it's still a low fee. Still, it would be good not to change this percentage again or often. Any "uprising" change, makes people nervous and worried. Especially when this raise have to do with their invested money... I will keep my investment on site and i hope that this way is the righr way for your site to grow. Ofc site grows, funds growing also with it...  Btw, one question : Why you don't accept investments in other coins also? Imho it's also a good and not so used solution... Making a multi-currency site adds a lot of complexity, I decided to stick to one coin. Bitcoin was a pretty obvious choice. Maybe in the future we will re-consider adding other currencies too. But from what I can see, even on multi-currency sites, the vast majority of wagered is still in BTC. I was actually wondering how u can make a profit by charging "only" 10% of the profit, but giving away 20% of the house edge to refs. You have the 1 BTC wager contest too. Good change, Ill keep my investment. Good communication too  The answer is easy: me and Scott hold investments too, this gives us extra funds for paying referral bonuses and fund prizes. This does not leave any profit for ourselves, but it's OK for now. One of the businesses I started did not bring any profit for the first 3 years (this was too long actually, but I learned patience and determination does pay off eventually). Cheers and thanks for your trust! I really appreciate it! Ethan |
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It was unavoidable. 10% commission rate felt more like promotional feature than standard fee that will be immutable in the long term.
I am quite fine with 20% commission (other sites I tested in the past had 50% commission rate).
Ethan, do you plan oo increasing commission rate again in the foreseeable future or 20% is here to stay?
Slark, I am not planning another increase. I think 20% should secure enough funds for a decent growth and it should bring balance to our budget. I need to say this, believe or not, this increase is not about our short-term profit and it's not about fixing a broken budget. I deeply believe we can build a really decent dice site and extra funds can speed this up. Cheers, Ethan |
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Important announcement regarding investment commissions
We are increasing the investment commission from 10% to 20% on Monday, 3 Apr
(in seven days) Why?When setting our investment commission to 10% few months ago we underestimated how much site growth depends on giveaways, competitions, promotions etc. The current 10% actually gives us a very narrow margin and it makes it difficult to compete with other sites that spend much more on promotion. So far we have run several promotions, giveaways and competitions. We have spent around 10 BTC on the referral program and promotions altogether. This resulted in over 2,400 BTC wagered, 65 BTC profit and over 80,000,000 bets so far. We've been able to gain trust of both investors and players - this is something you cannot buy. I think it's not bad for a site that is 3 months old and still pretty new. But we want to go farther. We believe that with the extra funds we will be able to attract new players and make YOLOdice grow even faster. We will spend it mostly on promotions, prizes in competitions and on other activities that we believe would have positive long-term ROI. How will this affect investors' earnings?I'm pretty confident the investors will benefit from this change, although it might appear we are cutting their profits. Here is why: * we are going to spend extra funds to make the site grow faster, which means more players => more wagered => more potential profit for investors, * 20% commission is still one of the lowest among Bitcoin casino sites -- 80% of site profit still goes directly to investors, * besides, most of the coins spent on promotions return the site bankroll (i.e. investors' pockets) quite quickly. When will you increase the commission?Here is the roadmap we will follow: * Sunday, 2 April - the last time a weekly commission will be taken at 10% (we take commissions on Sundays) * Monday, 3 April - 20% commission will become effective. Every investment closed from now on will have 20% commission applied. * Sunday, 9 April - the weekly commission will be collected at 20% level. What if I don't agree?If you don't agree to the new terms you can close your investment anytime between now and Monday, 3 April. But I highly recommend you to stay with us. I hope we are on the right path to establish a really decent dice site with lots of opportunities for both players and investors. Thanks and cheers, Ethan |
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In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.
This looks quite convincing, i am going to invest some in yolo. I know return will be low but even with 10x leverage it sound quite risk free. Oh, never assume past profits guarantee future profits! I know I am playing devil's advocate, but it's not totally risk-free, especially not x10 investments :-). I know the probability favors investors (theoretically site profit should equal to 1% of wagered), but still a high-roller could win e.g. 10 BTC with just a few bets. Other than that, I highly encourage you to open an investment. I've invested almost all my bitcoins in this project and I don't regret, even though my investments suffered a pretty large loss in the beginning :-) Cheers, Ethan |
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Hey ethan i had a question let's say i invest in your site at a leverage of 10 and the site profit is as 50 btc and it reaches 100 btc but then it reduces to 80 btc so my investment won't close right it will only close if the site profit becomes 45 btc.
Hi, you investment would survive it. By looking at the current investment structure I'd say that a x10 investment would close if site profit drops even to -40 BTC. In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied. Cheers, Ethan |
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no more trivia?
We now have a bot HAL9000 that does random trivia. It can tip up to 0.0005 if you are fast enough to answer correctly :-) Cheers! Ethan |
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THIS IS A SCAM
It's a pretty heavy accusation. Would you please elaborate? Other than that, I assure you the site is not a scam. We already have over 74,300,000 bets, over 2,350 bitcoin wagered, we processed over 3,000 withdrawals and 2,600 deposits. No signs of a scam to me. Cheers, Ethan |
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Congratulations to all participants!!! I have just sent the prizes. Stay with us - there should be more competitions soon! Cheers, Ethan |
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As always another great upgrade this bot functionality is good but not perfect. Some of my comments: - I hoped that bot will ask some other questions, beside simple math problems... maybe something like this http://www.absurdtrivia.com/trivia/general-mixed-trivia/- how big tip is needed to activate the bot? - will gaining levels make faucet reward higher? Hi, thanks for your comment! 1. More questions will come for sure, I really wanted to get the bot going. Now, since we have a solid base, we can improve it. 2. One needs to tip bot minimum 0.0005 BTC (the minimum tip amount) to activate it. 3. Levels will affect faucet rewards. I am not sure if levels should affect how much the bot tips you at this point. First time playing here. Small review.
I like that the site doesn't require you to register for anything and you can play right away. There is a faucet so you can try before you buy as to speak. The white and black is great I like the colours they nice to the eye. Fun interface nice and smooth to play.
Great thin is the investment options which is very well explained. Good job to yolodice.
Thanks for your mini-review :-) Cheers, Ethan |
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Hi, I have just released payments for the last week. I hope you enjoy the campaign. Thanks you and take care! Ethan |
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we have an official chat bot and his name is HAL9000 Having a chat bot was one of the most upvoted ideas on our Trello board and here it is. So here is what the bot does: * it can tip a random person in chat, but you need to claim your tip, so keep watching * it can randomly rain in chat * it asks questions, the first person to answer it gets the prize * it runs a guess-a-number-I-have-in-mind It does things randomly or can be activated if you tip it. Now, the next larger thing I will be working on is user levels. The goal is to create a motivating system where players (and investors) can level-up. Higher levels will unlock certain features (mostly customization, e.g. user profile images). We are now designing the levels and features, so if you have any ideas, tell me! |
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Hey Ethan,
We agree that the "risk" is mitigated on the leveraged bankroll no?
That means a 10* investment is lost only when the leveraged bankroll loses 10% of profit?
Which would mean that the casino would have to lose around 15BTC...
That's not IMPOSSIBLE but that's still very unlikely let's be honest ^^
Not really. A x10 investment is lost when site loses 10% of the effective bankroll. The effective bankroll is now 994 BTC, so someone would need to win ~99 BTC. This is a rough estimation only, but this is a general rule. It's not impossible, but less likely than winning 15 BTC. Cheers, Ethan |
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site profite over 58 btc Profit
nice site for play dice
Site profit back to 54 BTC. Luck is a strange beast! What's more important to me, there are more and more players and wagered per day is consistently growing! Cheers, Ethan |
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Here's the daily update with the list of competitors. The pinkish line separates 10 top competitors that would win if the contest would end now. The last from top-ten players has only 1.405 BTC wagered - you can still join the competition easily! Good luck, Ethan |
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