Bitcoin Forum
April 20, 2018, 07:16:58 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 [56] 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 ... 114 »
  Print  
Author Topic: 🔶 YOLOdice.com 🔶 FAST, rakeback, jackpots - play and win BTC LTC ETH  (Read 81963 times)
rytyr
Sr. Member
****
Offline Offline

Activity: 475
Merit: 250


View Profile
May 13, 2017, 10:41:36 PM
 #1101

Love how I almost made it into the top seven of the last betting competition. Grin
Better luck next time to me I guess. Undecided

1524251818
Hero Member
*
Offline Offline

Posts: 1524251818

View Profile Personal Message (Offline)

Ignore
1524251818
Reply with quote  #2

1524251818
Report to moderator
1524251818
Hero Member
*
Offline Offline

Posts: 1524251818

View Profile Personal Message (Offline)

Ignore
1524251818
Reply with quote  #2

1524251818
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524251818
Hero Member
*
Offline Offline

Posts: 1524251818

View Profile Personal Message (Offline)

Ignore
1524251818
Reply with quote  #2

1524251818
Report to moderator
1524251818
Hero Member
*
Offline Offline

Posts: 1524251818

View Profile Personal Message (Offline)

Ignore
1524251818
Reply with quote  #2

1524251818
Report to moderator
1524251818
Hero Member
*
Offline Offline

Posts: 1524251818

View Profile Personal Message (Offline)

Ignore
1524251818
Reply with quote  #2

1524251818
Report to moderator
moooonu
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
May 14, 2017, 03:53:08 AM
 #1102

Love how I almost made it into the top seven of the last betting competition. Grin
Better luck next time to me I guess. Undecided

The more you wager the more chance of you to win that wagering competition Smiley
Beyn
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
May 14, 2017, 12:02:17 PM
 #1103

Hi,

A quick question regarding the investment leverage.

Do I understand it correctly that the 10x leverage isnt actually a "real" 10x leverage and you wont loose your investment if the bankroll drops 10%.

This would only be the case if most investments were made without leverage and I would be the only one with 10x leverage.

But due to the fact that 95% of the investments are with 10x leverage this makes it effectively only about 1.05x leverage.

Do I understand that correctly?
Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 12:13:09 PM
 #1104

Hi,

A quick question regarding the investment leverage.

Do I understand it correctly that the 10x leverage isnt actually a "real" 10x leverage and you wont loose your investment if the bankroll drops 10%.

This would only be the case if most investments were made without leverage and I would be the only one with 10x leverage.

But due to the fact that 95% of the investments are with 10x leverage this makes it effectively only about 1.05x leverage.

Do I understand that correctly?
If you invest at 10x, you gain the same profit as if you had invested 10 times your originally invested amount (example: 0.05BTC at 10x would earn the same share as 0.50BTC on 1x) however if the site loses 10% of it's effective bankroll, you lose your entire investment.  I'm not sure what you mean by "Do I understand it correctly that the 10x leverage isn't actually a 'real' 10x leverage"
 because it definitely is real, and functions like every other 10x leverage.

As for the second part, no, it's still a 10x leverage, because of the factor above.  Losses are calculated from the effective bankroll (the real one), not the leveraged bankroll (the bankroll taking into account the leveraging).  Since everyone else investing at 10x would lose 100% of their investment if the effective bankroll dropped 10% from when they invested, it does not change your leveraging.

The only thing that would technically effect how much you would earn from investing compared to other investors, is the amount you're investing (and of course if the site is losing or winning lol). Smiley

EDIT: Ethan_nx wrote a very nice description in the FAQ (found here: https://yolodice.com/#faq) that describes investing, leveraged investing, and it even provides examples to help your understanding.

Beyn
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
May 14, 2017, 01:44:50 PM
 #1105

Thanks for your reply.

I have allready gone trough the FAQ and I still believe that my statement above is right and yours is wrong.

Consider this simple scenario:

EVERYONE invests with 10x leverage.

So if 10% of the site bankroll are lost EVERYONE should loose their whole investment and the bankroll should be 0 by your logic. Yet it will be at 90% because only 10% are lost.. right ?

So effectively it means that if everyone invests with the same leverage then this removes the leverage effect completely.

see what i mean.. ?

Now.. looking at the numbers.. not everyone has invested with 10x leverage but actually 95% of the investors have !

edit: take a look at another extreme example:

Again everyone has invested with 10x leverage. Basicly its impossible for the investors to go bust, but by your logic a 10% movement would send all the investors bust. Yet this cannot happen because ALL the money is leveraged meaning there is 10x more bankroll available...
Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 02:03:51 PM
 #1106

Thanks for your reply.

I have allready gone trough the FAQ and I still believe that my statement above is right and yours is wrong.

Consider this simple scenario:

EVERYONE invests with 10x leverage.

So if 10% of the site bankroll are lost EVERYONE should loose their whole investment and the bankroll should be 0 by your logic. Yet it will be at 90% because only 10% are lost.. right ?

So effectively it means that if everyone invests with the same leverage then this removes the leverage effect completely.

see what i mean.. ?

Now.. looking at the numbers.. not everyone has invested with 10x leverage but actually 95% of the investors have !
This part "So if 10% of the site bankroll are lost EVERYONE should loose their whole investment and the bankroll should be 0 by your logic. Yet it will be at 90% because only 10% are lost.. right ?" is not correct.  The bankroll would not be 0.  The bankroll would be 90%, but investor's investments would be 0%.

Let's assume the bankroll is funded entirely by 5 people (which means the house itself has 0 coins of its own), each investing 1 BTC at 10x (so 10 "theoretical" BTC each).  This means the ACTUAL bankroll is 5 coins, but the leveraged bankroll is 50 coins.  Someone comes to bet on the site and wins 0.50 BTC (10% of the bankroll), that means each of the 5 investors have lost 100% of their investments, meaning the effective actual bankroll would now be 4.5 BTC (calculated after the players' profits) rather than the 0 it was previously (since the house had no coins of its own).  Each investor invested the same amount, and lost the same amount at 10x leverage.


Now let's flip the logic, same scenario: 5 players invest 1 BTC each at 10x, and some lucky player comes along and loses 0.50 BTC, again 10% of the current bankroll (before adding the profit).  The actual site bankroll now looks to be 5.5 BTC, grown by 10%, and each of the original investors' investments has grown proportionally, including the 10x leverage.  So normally their 1 BTC would have grown to be 1.1 BTC, but because they invested at 10x, their investment is now 2 BTC instead of 1 BTC.

Each player profited the exact same amount at 10x leverage (100% profit in this scenario), because your investment gains are based on the effective bankroll's gains, not the leveraged bankroll's gains.  If the investors profits were based on the leveraged bankroll, you would be right.  But it's based on the actual physical bankroll.

Maybe that's where you're confused?  It doesn't matter what everyone else has their investments leveraged at, because the profit from your investment are proportional to the percent of effective bankroll gains, multiplied by your leverage.

Does that make more sense now?  If not, I'm more than happy to ask ethan_nx to come in here and try to explain when he can. Smiley


EDIT: Wanted to add a line that might help you understand.  The leveraged bankroll is just a number.  Leveraging as a process itself does not affect other players or their investments in any way, only the multiplication of profits/losses you experience personally.

Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 02:27:27 PM
 #1107

This part you added (after I responded):
"edit: take a look at another extreme example:

Again everyone has invested with 10x leverage. Basically its impossible for the investors to go bust, but by your logic a 10% movement would send all the investors bust. Yet this cannot happen because ALL the money is leveraged meaning there is 10x more bankroll available..."


There is not 10x more bankroll available.  There is only the effective bankroll available.

10 players invest 1 BTC each at 10x.  Effective bankroll is 10BTC, leveraged bankroll is at 100 BTC (0% house-owned, 100% investor owned).  House loses 10% of effective bankroll which is 1 BTC.  Effective bankroll is now 9 BTC (100% house-owned, 0% player owned).

Players experienced a 100% loss because they invested at 10x. Investing at 10x is essentially borrowing 9x your investment from the house (in "pretend btc") and adding it to your investment to equal 10x your original investment.  Which is why when the house loses 10%, you lose 100%.

As I mentioned previously, the leveraged bankroll of 100BTC doesn't ever come into any math, and I think that's where you're mixed up.  All losses and gains are based on the effective bankroll, not the leveraged; and leveraging as a process itself only affects your PERSONAL losses and gains, it doesn't affect other investors in any way.  The leveraged bankroll number is just basically a pretty number to look at.

Another important thing to note for the math, is when the house's effective bankroll experiences 10% losses, players invested at 10x lose 100%, and the original coins they invested are added to the effective bankroll at 1x, not 10x.  The effective bankroll is ALWAYS 1x, it is never leveraged (though technically 1x is considered a "leverage" even though it's not), as leveraging only exists on the investor's end of the specturm.

Beyn
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
May 14, 2017, 02:29:00 PM
 #1108


Now let's flip the logic, same scenario: 5 players invest 1 BTC each at 10x, and some lucky player comes along and loses 0.50 BTC, again 10% of the current bankroll (before adding the profit).  The actual site bankroll now looks to be 5.5 BTC, grown by 10%, and each of the original investors' investments has grown proportionally, including the 10x leverage.  So normally their 1 BTC would have grown to be 1.1 BTC, but because they invested at 10x, their investment is now 2 BTC instead of 1 BTC.

So... 5 players invest 1 BTC.. that makes a total of 5 BTC ..

Now you have somebody who looses 0.5 BTC.. thus making the bankroll 5.5 BTC

Now you're saying those investors are showing a balance of 2 BTC .. all of them withdraw their funds.... how do you get 10 BTC when there is only 5.5 available ??

Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 02:35:27 PM
 #1109


Now let's flip the logic, same scenario: 5 players invest 1 BTC each at 10x, and some lucky player comes along and loses 0.50 BTC, again 10% of the current bankroll (before adding the profit).  The actual site bankroll now looks to be 5.5 BTC, grown by 10%, and each of the original investors' investments has grown proportionally, including the 10x leverage.  So normally their 1 BTC would have grown to be 1.1 BTC, but because they invested at 10x, their investment is now 2 BTC instead of 1 BTC.

So... 5 players invest 1 BTC.. that makes a total of 5 BTC ..

Now you have somebody who looses 0.5 BTC.. thus making the bankroll 5.5 BTC

Now you're saying those investors are showing a balance of 2 BTC .. all of them withdraw their funds.... how do you get 10 BTC when there is only 5.5 available ??


Ethan_nx and/or Scott (the owners) would be responsible for paying them that BTC. Smiley

But in that scenario ethan_nx and Scott have no investments in the bankroll, so they would need to pay out of pocket.  In the actual casino, I'm fairly sure they have a lot invested, besides just their time and effort haha.

Beyn
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
May 14, 2017, 02:43:14 PM
 #1110

Ok.. with you saying that the owners would be responsible for the payout your version makes sense.

Still .. are you sure its actually that way?

Because that could mean that in a bad scenario (some whale *loses a lot on the site ) they would be liable to huge payouts because of the leverage?

Either that or they are setting the max-bet limit really low so that swings above some few % are mathematicaly extremly unlikely.


edit: *i meant lose instead of wins
Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 02:47:47 PM
 #1111

Ok.. with you saying that the owners would be responsible for the payout your version makes sense.

Still .. are you sure its actually that way?

Because that could mean that in a bad scenario (some whale wins a lot on the site ) they would be liable to huge payouts because of the leverage?

Either that or they are setting the max-bet limit really low so that swings above some few % are mathematicaly extremly unlikely.



I'm like 99.9% positive, I'll ask ethan_nx to come in here and look over my logic and make sure I didn't miss anything.  I've spent the last 4 years or so doing on and off btc gambling on many different sites, and I've modded for 3 different dice sites, so I have a pretty good understanding of how they work, but I am human and I can make mistakes. Smiley

And if a whale won a lot on the site, they wouldn't be paying anything to investors, only the whale. Smiley

And you're right, most casinos place the max win per bet limit at anywhere from 0.10% to 1% of the effective bankroll, which helps mitigate massive losses being incurred.  Because as the effective bankroll drops, so will the max win per bet.  This prevents a whale from coming in and dropping 200btc on 2x and winning half the bankroll haha.

pixie85
Sr. Member
****
Offline Offline

Activity: 504
Merit: 253


View Profile
May 14, 2017, 03:58:27 PM
 #1112

Love how I almost made it into the top seven of the last betting competition. Grin
Better luck next time to me I guess. Undecided

The more you wager the more chance of you to win that wagering competition Smiley
Hah looking at the top 7 list makes me think that those guys weren't there for the prize. That's like some change, a penny lying on the pavement, compared to the money they brought in. Unbeatable for some of us little guys Grin

bias
Hero Member
*****
Offline Offline

Activity: 686
Merit: 501



View Profile
May 14, 2017, 06:27:16 PM
 #1113

I think that Ethan forgot to update and deposit, this weeks investment commissions. Grin
maybe it's working on some new update...a new competition... Roll Eyes Tongue
or he is just sleeping! Cool

           ▀██▄ ▄██▀
            ▐█████▌
           ▄███▀███▄
         ▄████▄  ▀███▄
       ▄███▀ ▀██▄  ▀███▄
     ▄███▀  ▄█████▄  ▀███▄
   ▄███▀  ▄███▀ ▀███▄  ▀███▄
  ███▀  ▄████▌   ▐████▄  ▀███
 ███   ██▀  ██▄ ▄██  ▀██   ███
███   ███  ███   ███  ███   ███
███   ███   ███████   ███   ███
 ███   ███▄▄       ▄▄███   ███
  ███▄   ▀▀█████████▀▀   ▄███
   ▀████▄▄           ▄▄████▀
      ▀▀███████████████▀▀
DeepOnion




   ▄▄▄▄▄          ▄▄██████▄
 ▄█▀▀▀▀▀█▄      ▄███▀▀   ▀██
 ▀       ▀     ██▀
    ▄███▄          ▄█████▄
   ███████ █      █████████
           █
          █     █▄            ▄█
█▄       █      ▀██▄▄      ▄▄██▀
 ███▄▄▄▀▀█▄▄▄███▀ ▀▀██████████
  ██ ██▄ ▀▀▄███▄    ▄▄▄██  ██
   ██ ▀█████▀ ▀██████▀▀▀  ██
    ██                ▄▄  ██
     ██  ▀▀▀▀███▀▀▀▀▀    ██
      ██    ███
       ██   ███
        ██   ███
Highly Secure
Instant Confirmations
Secure Wallet
      ▄▄██████████▄▄
    ▄███▀▀      ▀▀█▀   ▄▄
   ███▀              ▄███
  ███              ▄███▀   ▄▄
 ███▌  ▄▄▄▄      ▄███▀   ▄███
▐███  ██████   ▄███▀   ▄███▀
███▌ ███  ███▄███▀   ▄███▀
███▌ ███   ████▀   ▄███▀
███▌  ███   █▀   ▄███▀  ███
▐███   ███     ▄███▀   ███
 ███▌   ███  ▄███▀     ███
  ███    ██████▀      ███
   ███▄             ▄███
    ▀███▄▄       ▄▄███▀
      ▀▀███████████▀▀
Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 06:32:52 PM
 #1114

I think that Ethan forgot to update and deposit, this weeks investment commissions. Grin
maybe it's working on some new update...a new competition... Roll Eyes Tongue
or he is just sleeping! Cool
Referral commissions are on demand now, you're supposed to request them yourself. Smiley  If you go to the Referral page you will see a "transfer to balance button".  Now you don't have to wait for Sundays anymore Wink

If you don't have any it means your referrals didn't play.

sha08kit
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
May 14, 2017, 07:36:28 PM
 #1115

What is the minimum deposit, withdrawal & withdrawal fee??
Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 07:38:19 PM
 #1116

What is the minimum deposit, withdrawal & withdrawal fee??
I don't believe there is a minimum deposit amount, but minimum withdrawal is 10k satoshi I think and withdrawal fee is 10k satoshi as well for the slow option and 50k for the fast option.

ethan_nx
Sr. Member
****
Offline Offline

Activity: 514
Merit: 327


Admin at YOLOdice.com - fast, fair, play/invest.


View Profile WWW
May 14, 2017, 07:52:16 PM
 #1117

@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

Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 08:01:25 PM
 #1118

Ah I just mixed up the terms xD

bias
Hero Member
*****
Offline Offline

Activity: 686
Merit: 501



View Profile
May 14, 2017, 09:21:23 PM
 #1119

I think that Ethan forgot to update and deposit, this weeks investment commissions. Grin
maybe it's working on some new update...a new competition... Roll Eyes Tongue
or he is just sleeping! Cool
Referral commissions are on demand now, you're supposed to request them yourself. Smiley  If you go to the Referral page you will see a "transfer to balance button".  Now you don't have to wait for Sundays anymore Wink

If you don't have any it means your referrals didn't play.

I don't see anywhere that i write about referral commissions but for investment commissions. Undecided
As far as i know,it's not the same...

           ▀██▄ ▄██▀
            ▐█████▌
           ▄███▀███▄
         ▄████▄  ▀███▄
       ▄███▀ ▀██▄  ▀███▄
     ▄███▀  ▄█████▄  ▀███▄
   ▄███▀  ▄███▀ ▀███▄  ▀███▄
  ███▀  ▄████▌   ▐████▄  ▀███
 ███   ██▀  ██▄ ▄██  ▀██   ███
███   ███  ███   ███  ███   ███
███   ███   ███████   ███   ███
 ███   ███▄▄       ▄▄███   ███
  ███▄   ▀▀█████████▀▀   ▄███
   ▀████▄▄           ▄▄████▀
      ▀▀███████████████▀▀
DeepOnion




   ▄▄▄▄▄          ▄▄██████▄
 ▄█▀▀▀▀▀█▄      ▄███▀▀   ▀██
 ▀       ▀     ██▀
    ▄███▄          ▄█████▄
   ███████ █      █████████
           █
          █     █▄            ▄█
█▄       █      ▀██▄▄      ▄▄██▀
 ███▄▄▄▀▀█▄▄▄███▀ ▀▀██████████
  ██ ██▄ ▀▀▄███▄    ▄▄▄██  ██
   ██ ▀█████▀ ▀██████▀▀▀  ██
    ██                ▄▄  ██
     ██  ▀▀▀▀███▀▀▀▀▀    ██
      ██    ███
       ██   ███
        ██   ███
Highly Secure
Instant Confirmations
Secure Wallet
      ▄▄██████████▄▄
    ▄███▀▀      ▀▀█▀   ▄▄
   ███▀              ▄███
  ███              ▄███▀   ▄▄
 ███▌  ▄▄▄▄      ▄███▀   ▄███
▐███  ██████   ▄███▀   ▄███▀
███▌ ███  ███▄███▀   ▄███▀
███▌ ███   ████▀   ▄███▀
███▌  ███   █▀   ▄███▀  ███
▐███   ███     ▄███▀   ███
 ███▌   ███  ▄███▀     ███
  ███    ██████▀      ███
   ███▄             ▄███
    ▀███▄▄       ▄▄███▀
      ▀▀███████████▀▀
Kiritsugu
Legendary
*
Offline Offline

Activity: 1162
Merit: 1021



View Profile
May 14, 2017, 09:24:28 PM
 #1120

I think that Ethan forgot to update and deposit, this weeks investment commissions. Grin
maybe it's working on some new update...a new competition... Roll Eyes Tongue
or he is just sleeping! Cool
Referral commissions are on demand now, you're supposed to request them yourself. Smiley  If you go to the Referral page you will see a "transfer to balance button".  Now you don't have to wait for Sundays anymore Wink

If you don't have any it means your referrals didn't play.

I don't see anywhere that i write about referral commissions but for investment commissions. Undecided
As far as i know,it's not the same...
What do you mean then?  Investment commissions are instant too, unless you mean ethan_nx processing the 20% cut.  In that case I'm not sure, probably soon though.  Sorry for being confusing. xD

Pages: « 1 ... 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 [56] 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 ... 114 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!