Hi,

first, we did not have any case a user account was compromized, just so that you can rest assured. We also have counter-measures that protect against brute-force login attempts and from what I can see it stops atteckers for blindly cracking passwords.

I think email "security" is highly overestimated. IMHO email is THE real weak link when you think about security. Imagine any service that you don't use 2FA - an attacker that can control your email can easily reset passwords and gain access to such service.

Confirming withdrawals with email sure adds some protection, but 2FA adds much more.

Neither will protect you if your computer has been compromized via malware though. Protect your PC, login only from trusted computers, this should keep you safe.

Cheers,
Ethan

It is "Enable 2FA" now. Thanks for the suggestion!

If you need to wager your bonus 110 times at %1 house edge, statistically you are expected to lose your bonus (and some of your real coins) before you can withdraw it. I guess you'd have better chances of winning if you don't claim the bonus :-)

Cheers,
Ethan

Chatting and playing just bacame a bit easier. A lot of players asked for vertically-split chat instead of horizontal split we had. I have to agree - having chat at the bottom of the page made the experience somehow... shitty.

I spent a few hours and coded a chat box that would fit at the right side of the screen (provided your screen is wide enough). Take a look:


I hope this will make the experience even better. Also, switching between chat channels and private messages don't lag anymore and should be close to instant.

Stay tuned for new amazing things to come!

Cheers,
Ethan

user name: ethan_nx

Thanks!

No way. I think using investor's money as hostages is a bad idea. If any site is doing this, I would stay away from it.

Now, the good news:

You are right, when calculating the XP the effect of leverage is nullified. First, this was done to provide balance between how players and investors level-up. Second, you could see it like this: investors provide funds for the bankroll. The site rewards investors not for the risk level they chose, but for the amount they put into balance.

You are right regarding EV too. We've just implemented rakeback and see how it goest and how people use it. Right now we (owners) fund it from our commission. I am going to propose some ways to fund the rakeback pretty soon. Two natural solutions are: 1. increase our commission to be able to sustain rakeback in the long term, 2. or fund rakeback directly from bankroll. Whichever we choose, investors will be notified in advance. Right now I am leaning towards (2).



It keeps popping up:  invested coins count as "balance" for faucet purposes. It protects agains the following: open investment (balance is zero) & claim faucet & close investment & open investment (balance is zero again) & claim faucet.... This way you could systematically claim faucet available to you.

I keep thinking how to solve this. I think it would be really cool to allow investors to use the faucet to play a bit. Just judging from how the faucet is currently being used and how creative some players are finding ways to empty it, the simplest solution might not be the best one.

If you have any ideas - tell me!


Thanks! Now we are ready for more players!

Hi,

yes, it's opt-in. Here's why: I felt revealing that a person is an investor without this person's knowledge would not be ok. Investments is a "private data", as opposed to all bets, which are public. So if you spot a person with high level, but very little wagered - it's an investor. Especially if this person suddenly jumped to level 16 :-)

That's why it's opt-in. To help privacy a bit.

Here's how it's calculated:


We calculate this for every investment you have (or had). investment_wagered is the amount players wagered using your investment. Suppose your investment makes 50% of the bankroll and players wagered 100 BTC, then your investment_wagered = 50 BTC.

With referrals it's even easier, you get:


I will definitely add these explanations to the site.

Cheers,
Ethan

Your XP from referrals counts everything your referrals wagered so far. The same goes for investing. If you had investments or referrals in the past, this is a way to boost your level instantly.

You will be probably jeleous once you find out which level I got thanks to my investments :-) Considering my rakeback level I am really tempted to play a bit :-)

Cheers,
Ethan

Cool new updates!

Yesterday I push some new updates that you might like:

   * RAKEBACK!!! - you can get some of your wagered coins back to your balance. Rakeback starts when you wager 1BTC,   i.e. you level 7. Rakeback rate grows with every level.
   * if you are a YD player already and have wagered more than 1 BTC, there is a bonus waiting to be collected by you at https://yolodice.com/#bonus . It's not for the whole amount you wagered, (we would go bankrupt if we did this), but hey, it's free money!
   * Users can now add profile images once they reach level 4.
   * Faucet amounts have been modified and they grow every level. Some users might see a drop in faucet, some will see it increased.
   * Once you reach level 11, the faucet does not require solving st...d captchas.

Now I suppose you really want to level-up. Good news everyone - you can now level up by:

   * playing - 1 BTC wagered = 1 XP earned
   * investing - when your investments are being wagered, you earn XP
   * via referrals - you get XP points when your referrals wager.

Other changes:
 
   * minimum tip amount is now 0.0001 BTC (was 0.0005 BTC)
   * minor improvements and fixes that you probably will not notice :-)

I hope you like the changes. I can already see Chat got more lively with these colorful profile images :-) and yep, players really started using rakeback!

Cheers,
Ethan

Hi,

I think the best starting points are:

https://yolodice.com/#stats/investor - investor stats, including past wagered and profit charts and data, current investment structure
https://yolodice.com/#faq - our Frequently Asked Questions, there is a section in investing too

If you need anything else, just ask!

Cheers,
Ethan

That's right. Statistically you can expect that site profit is 1% of site wagered. It's quite easy to calculate this on paper, it's also there in our FAQ. Imagine this is  averaged over all possible universes and scenarios, something mathematicians call "expected value". It can be off from a real-world value, but as long as people keep wagering, yep. Math is definitely on our side.

Cheers,
Ethan

Hi everyone, the payments for the last week has been just sent. I am sorry about communication issues we had, I think we are up-to-speed and the spreadsheet is updated with your current ranks. Member list is also updated.

I have another person helping me count the posts in the campaign. If you find that your post count is off, let me know, we can check it!

Cheers,
Ethan

"no profit" = "no (positive) profit" = "zero profit or negative profit"

Sorry if my simplification caused any confusion.

Cheers and good luck!
Ethan

Investment commission is once per week, on Sunday evening UTC. However, if an investment did not make any profit since it was open or since the last commission, no commission is taken from it. Maybe this is what happened.

Cheers,
Ethan

@Beyn, @Kiritsugu:

Effective bankroll - it's the one that includes "virutal" coins that come from leverage. Real bankroll - it's the amount actually invested.

If you invest 1 BTC on x10 leverage, it contributes 10 BTC to the effective bankroll, but 1 BTC to the real bankroll. We call reall bankroll just "bankroll".

Now, shares you investment get you is the ration of leveraged amount of your investment to the effective bankroll. Right now the site has 3,500 BTC effective bankroll, but only 399 BTC real bankroll. Your 1 BTC x10 investment would give you 10/3500 ~= 0.2857 % share in profits.

This is the real leverage system. If you leverage is larger than 1, we "lend" you virtual coins that are reflected only in effective bankroll. This way your investment is more sensitive to site profit changes.

The system automatically closes the investments that cannot be sustained. If your 1BTC x10 investment was worth 10 BTC at the beginning (in eff. bankroll), but it's value drops to 9 BTC (in eff. bankroll), it cannot be susteined anymore, because it's this 1 BTC you invested is gone. It's very similar to Forex trading.

Finally, a generalized rule is that x10 investment can sustain site loss equal to 10% of effective bankroll. This makes sense. Look above - your 1BTC x10 investment reduces to 9 BTC when site loses 10% of it's effective bankroll.

In general, the higher the leverage, the more "sensitive" is your investment to site profit/loss. It's a nice thing when site profit goes up (you can earn up to 10x more than a x1 investment), but when site profit goes down, your investment loses 10 times faster than a x1 investment.

This system is consistent and works. It does not allow a situation when we (me and Scott) have to add anything to the bankroll or pay investors because suddenly a debts is created.

So far, if you started with a 1 BTC x1 investment when YD launched, you would earn ~10% and end up with 1.1BTC. If you invested your 1 BTC with x10 leverage, you would end up with ~100% revenue, close to 2 BTC.

I hope this helps. Our FAQ has more examples on investing with leverage.

Cheers,
Ethan

Just a reminder: the current wagering competition is about to end in ~ 3h. The main prize is 0.6 BTC, but the top-player has wagered no more ~37.6 BTC. You can still join it!

Only two days left. The current top prize (0.6 BTC) makes the competition in favor of the player. The top wagering player is now at only 30.3 BTC wagered.

Cheers and good luck!
Ethan