Bitcoin Forum
May 22, 2019, 04:07:39 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 [135] 136 137 138 139 140 141 142 143 144 145 146 147 »
  Print  
Author Topic: Re: 🔶 YOLOdice.com 🔶 - fast, fair, rakeback, bonuses BTC ETH LTC DOGE  (Read 106076 times)
YOLO_LIFE
Member
**
Offline Offline

Activity: 140
Merit: 12


View Profile
December 13, 2018, 06:51:55 AM
 #2681

Litecoin Action  Cool Cool Cool


No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
adaseb
Legendary
*
Offline Offline

Activity: 1974
Merit: 1126



View Profile
December 13, 2018, 07:05:50 AM
 #2682

Litecoin Action  Cool Cool Cool



I've been studying his strategy and it doesn't seem like a smart way to gamble, basically very risky martingale.

Seems on a win, they increase their base bet a little.

However on a loss they decrease by a similiar amount, however in the photo above they only had 2 consecutive losses.

The problem is that when you are betting with 80% its very very common to run into 4-5 losses consecutivately in a row and say they had a few 10+ wins in a row, they will be betting a very large amount, and if they run into 4-5 losses in a row, they will be also betting those large amounts and end up with huge losses in less bets than the prior wins that they had.

I guess if it works for them, then its good however it seems that it only works if you have a poor performance at the start of the round and your luck changes towards the end.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 1372
Merit: 1244


https://bit.ly/2FR9nyn - free python tutorials


View Profile
December 13, 2018, 09:03:06 AM
 #2683

Litecoin Action  Cool Cool Cool



I've been studying his strategy and it doesn't seem like a smart way to gamble, basically very risky martingale.

Seems on a win, they increase their base bet a little.

However on a loss they decrease by a similiar amount, however in the photo above they only had 2 consecutive losses.

The problem is that when you are betting with 80% its very very common to run into 4-5 losses consecutivately in a row and say they had a few 10+ wins in a row, they will be betting a very large amount, and if they run into 4-5 losses in a row, they will be also betting those large amounts and end up with huge losses in less bets than the prior wins that they had.

I guess if it works for them, then its good however it seems that it only works if you have a poor performance at the start of the round and your luck changes towards the end.
If the multiplier was increased it would become a better strategy imo.
That strategy is good but only when it’s with a 2x or 3x multiplier. On a 1.6 multiplier, a multiply-on-loss strategy seems more appropriate.

ethan_nx
Sr. Member
****
Offline Offline

Activity: 617
Merit: 342


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


View Profile WWW
December 13, 2018, 04:05:19 PM
 #2684

Happy birthday yolodice longlive 😍😍

Indeed, it's our birthday today! It's been two years! Honestly it's hard to imagine the time passed so quickly, but here we are!


I think we really accomplished a lot in these 2 years - YD kept adding new features, coins, competition... but what I really value the most is the trust we got from YOU, our Players and Investors. This is something one cannot simply get free. Or even buy with any coins.

Sure YOLOdice must look much different from players', investors' and our own perspective. But I hope we are all having some fun with YOLOdice, and after all that's the whole point. It's a game.

I am really happy we made it through these first 2 years and I really hope to keep running YD long in the future.

Thanks to everyone: Players, Investors, Moderators, Scott and everyone else who keeps their fingers crossed for our project!

Cheers and thanks!
Ethan

mOgliE
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1160



View Profile
December 13, 2018, 04:10:14 PM
 #2685

Ahahah

Happy birthday YoloDice!

Really proud of having brought a (small, really smally tiny) contribution to this awesome project.

2 years later it's one of the sites everyone gives out when a newbie asks for reliable gambling site and that's a real achievement Cheesy

zupdawg
Hero Member
*****
Offline Offline

Activity: 658
Merit: 508


View Profile
December 13, 2018, 04:54:23 PM
 #2686

Happy Birthday Yolodice and congratulations to ethan for running such a great and successful gambling site. From the early days, I know there is a bright future for this one. Can we expect a competition in the coming days? Smiley

Am I spamming? Report me!
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 1372
Merit: 1244


https://bit.ly/2FR9nyn - free python tutorials


View Profile
December 13, 2018, 06:17:11 PM
 #2687

Happy Birthday Yolodice and congratulations to ethan for running such a great and successful gambling site. From the early days, I know there is a bright future for this one. Can we expect a competition in the coming days? Smiley

Hmm let's hope there's one. I'll be able to connect to their website again... Might try and invest some Doge in the bankroll (was ltc accepted or not for investments, I can't remember)...

The top of this thread says that it started in november 2016? We're on decmber now or did they go without a thread for some time?

EDit: ah yes there's ltc investments now (According to the op). Is the doge competition on there still running or has that finished now?

Kiritsugu
Legendary
*
Offline Offline

Activity: 1408
Merit: 1023



View Profile
December 14, 2018, 03:08:27 PM
 #2688



As a little birthday celebration, we've launched a new Ethereum Profit competition!  Come try your luck and win some prizes!

https://bitcointalk.org/index.php?topic=5084865.0

B_UN1T
Sr. Member
****
Offline Offline

Activity: 313
Merit: 251


https://www.twitch.tv/bun2t


View Profile
December 15, 2018, 02:18:17 AM
 #2689

Happy bday from one of our first members @109.
Nice competition i will be in with a account I m 6.66eth down Tongue
First I thought it’s another wager contest till I saw it

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
zupdawg
Hero Member
*****
Offline Offline

Activity: 658
Merit: 508


View Profile
December 15, 2018, 04:18:46 AM
 #2690

Happy Birthday Yolodice and congratulations to ethan for running such a great and successful gambling site. From the early days, I know there is a bright future for this one. Can we expect a competition in the coming days? Smiley

Hmm let's hope there's one. I'll be able to connect to their website again... Might try and invest some Doge in the bankroll (was ltc accepted or not for investments, I can't remember)...

The top of this thread says that it started in november 2016? We're on decmber now or did they go without a thread for some time?

EDit: ah yes there's ltc investments now (According to the op). Is the doge competition on there still running or has that finished now?

Usually their competition only last for a week so the doge competition already ended few weeks ago Smiley

Thanks yolodice for giving us another good competition to compete with. Hopefully I won't lose so much coin on this one like the last one LOL

Am I spamming? Report me!
ethan_nx
Sr. Member
****
Offline Offline

Activity: 617
Merit: 342


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


View Profile WWW
December 17, 2018, 09:30:45 AM
 #2691

Usually their competition only last for a week so the doge competition already ended few weeks ago Smiley

Thanks yolodice for giving us another good competition to compete with. Hopefully I won't lose so much coin on this one like the last one LOL

Indeed, this one lasts one week too.

I am thinking about something like "perma-competition" where we spend a fraction of profit on weekly prizes. This could be like a regular competition, but last a week only, Sun-Sun, and would be fully automated. What do you think?

Cheers,
Ethan

Timetwister
Legendary
*
Offline Offline

Activity: 1003
Merit: 1005


View Profile
December 17, 2018, 11:07:38 AM
Merited by dbshck (3), RGBKey (1)
 #2692

Why are you allowing such a big leverage when investing? You are basically forcing people to be very leveraged to have decent returns. Your website says there are 6241.53 BTC as effective bankroll, while only 731.59 have been deposited. That's a 1:8.53 leverage ratio. You are making investments tremendously volatile in exchange of what? Does the casino really need such a big effective (but fake) bankroll to function? Are players really betting enough for that bankroll to be needed?

I was considering investing when I saw that 1 year profits (129 BTC) were quite decent compared to the real bankroll, 731.59. However, they are very low compared to the effective one. And there's no way I invest using 1:10 leverage or anything near that. I'd have to be monitoring my investment constantly (reducing the "offsite" amount when losing and increasing it when winning), which isn't realistic in practice.

Seeing how small volatility in profit is on your website (https://dicesites.com/yolodice), I don't see why you need a 6241.53 bankroll and therefore you should drastically decrease the allowed leverage on your website (you should just remove leverage, as it doesn't benefit anyone but does harm investors).
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 1372
Merit: 1244


https://bit.ly/2FR9nyn - free python tutorials


View Profile
December 17, 2018, 11:15:57 AM
 #2693

Why are you allowing such a big leverage when investing? You are basically forcing people to be very leveraged to have decent returns. Your website says there are 6241.53 BTC as effective bankroll, while only 731.59 have been deposited. That's a 1:8.53 leverage ratio. You are making investments tremendously volatile in exchange of what? Does the casino really need such a big effective (but fake) bankroll to function? Are players really betting enough for that bankroll to be needed?
~snip~
Seeing how small volatility in profit is on your website (https://dicesites.com/yolodice), I don't see why you need a 6241.53 bankroll and therefore you should drastically decrease the allowed leverage on your website (you should just remove leverage, as it doesn't benefit anyone but does harm investors).

It benefits me. Most sites have a leverage option bitvest have one too and they're quite good at increasing profits (it increases losses too but that's a separate story).

I have made a profit long term (technically a loss more recently but I'm in profit overall still, this would be impossible with a lower house edge as my profits would reduced dramatically).

The same profit/loss on 0.1BTC can be generated with a 1:10 leverage than a 1BTC stake which I think is quite a nice feature and means you can put less into the house while still being in the bankroll.

Timetwister
Legendary
*
Offline Offline

Activity: 1003
Merit: 1005


View Profile
December 17, 2018, 11:28:02 AM
 #2694

Why are you allowing such a big leverage when investing? You are basically forcing people to be very leveraged to have decent returns. Your website says there are 6241.53 BTC as effective bankroll, while only 731.59 have been deposited. That's a 1:8.53 leverage ratio. You are making investments tremendously volatile in exchange of what? Does the casino really need such a big effective (but fake) bankroll to function? Are players really betting enough for that bankroll to be needed?
~snip~
Seeing how small volatility in profit is on your website (https://dicesites.com/yolodice), I don't see why you need a 6241.53 bankroll and therefore you should drastically decrease the allowed leverage on your website (you should just remove leverage, as it doesn't benefit anyone but does harm investors).

It benefits me. Most sites have a leverage option bitvest have one too and they're quite good at increasing profits (it increases losses too but that's a separate story).

I have made a profit long term (technically a loss more recently but I'm in profit overall still, this would be impossible with a lower house edge as my profits would reduced dramatically).

The same profit/loss on 0.1BTC can be generated with a 1:10 leverage than a 1BTC stake which I think is quite a nice feature and means you can put less into the house while still being in the bankroll.

If the average leverage ratio is 8.53, by using 1:10 ratio you are making just a bit more than if everyone was using 1:1 (your leverage would be 1:17). However, your investment volatility and risk of ruin increases dramatically. You'd be in a way better situation if no leverage was allowed (your expected return would be similar, volatility much lower and there would be no risk of ruin, while now you'll eventually hit a -10% and lose everything, it's just a matter of time). You are being forced to use 1:10 because the other investors are doing the same. In exchange of nothing, as the casino doesn't need such a big effective bankroll.
RHavar
Legendary
*
Offline Offline

Activity: 1666
Merit: 1326



View Profile
December 17, 2018, 05:18:59 PM
Merited by dbshck (2)
 #2695

Why are you allowing such a big leverage when investing? You are basically forcing people to be very leveraged to have decent returns. Your website says there are 6241.53 BTC as effective bankroll, while only 731.59 have been deposited. That's a 1:8.53 leverage ratio. You are making investments tremendously volatile in exchange of what? Does the casino really need such a big effective (but fake) bankroll to function? Are players really betting enough for that bankroll to be needed?

I was considering investing when I saw that 1 year profits (129 BTC) were quite decent compared to the real bankroll, 731.59. However, they are very low compared to the effective one. And there's no way I invest using 1:10 leverage or anything near that. I'd have to be monitoring my investment constantly (reducing the "offsite" amount when losing and increasing it when winning), which isn't realistic in practice.

Seeing how small volatility in profit is on your website (https://dicesites.com/yolodice), I don't see why you need a 6241.53 bankroll and therefore you should drastically decrease the allowed leverage on your website (you should just remove leverage, as it doesn't benefit anyone but does harm investors).

I agree. Another way to look at it:  If the casino (consistently) needed the money (e.g. players are placing bets higher than a 1x kelly on the actual bankroll) then you'd actually have a higher expected return (EBG) by having no leverage. So the corollary is a leveraged investment is actually a bet that the casino doesn't need the money!

I do definitely think that leveraged systems are a pretty great way to bootstrap a bankroll, but if I was running the site I'd aggressively phase it out as it became no longer required.

That said, there's one thing that is hard to measure: Having a high max-profit is potentially a very good thing, even it's never utilized. It's a powerful marketing tool, and does give players some assurances that they can bet huge if they ever need (something that appeals to loss-chasers/martingalers). So even if no one is trying to win more than a 1 bitcoin a roll, it very well might be healthy to have a 10 bitcoin bankroll
Timetwister
Legendary
*
Offline Offline

Activity: 1003
Merit: 1005


View Profile
December 17, 2018, 06:53:15 PM
 #2696

Why are you allowing such a big leverage when investing? You are basically forcing people to be very leveraged to have decent returns. Your website says there are 6241.53 BTC as effective bankroll, while only 731.59 have been deposited. That's a 1:8.53 leverage ratio. You are making investments tremendously volatile in exchange of what? Does the casino really need such a big effective (but fake) bankroll to function? Are players really betting enough for that bankroll to be needed?

I was considering investing when I saw that 1 year profits (129 BTC) were quite decent compared to the real bankroll, 731.59. However, they are very low compared to the effective one. And there's no way I invest using 1:10 leverage or anything near that. I'd have to be monitoring my investment constantly (reducing the "offsite" amount when losing and increasing it when winning), which isn't realistic in practice.

Seeing how small volatility in profit is on your website (https://dicesites.com/yolodice), I don't see why you need a 6241.53 bankroll and therefore you should drastically decrease the allowed leverage on your website (you should just remove leverage, as it doesn't benefit anyone but does harm investors).

I agree. Another way to look at it:  If the casino (consistently) needed the money (e.g. players are placing bets higher than a 1x kelly on the actual bankroll) then you'd actually have a higher expected return (EBG) by having no leverage. So the corollary is a leveraged investment is actually a bet that the casino doesn't need the money!

I do definitely think that leveraged systems are a pretty great way to bootstrap a bankroll, but if I was running the site I'd aggressively phase it out as it became no longer required.

That said, there's one thing that is hard to measure: Having a high max-profit is potentially a very good thing, even it's never utilized. It's a powerful marketing tool, and does give players some assurances that they can bet huge if they ever need (something that appeals to loss-chasers/martingalers). So even if no one is trying to win more than a 1 bitcoin a roll, it very well might be healthy to have a 10 bitcoin bankroll

I agree, high maximum profits aren't completely useless if players don't play for them, but the benefit from that for investors is way smaller than the extra volatility and risk of ruin that a 1:10 leverage entails. Leverage should simply not be allowed, like in Crypto Games. It forces sensible investors to leverage too or to have to settle with lower returns than they should be getting.
rdbase
Full Member
***
Online Online

Activity: 1064
Merit: 170


Free Crypto in Stake.com Telegram t.me/StakeCasino


View Profile
December 17, 2018, 08:36:18 PM
Last edit: December 18, 2018, 08:43:35 PM by rdbase
 #2697

Usually their competition only last for a week so the doge competition already ended few weeks ago Smiley

Thanks yolodice for giving us another good competition to compete with. Hopefully I won't lose so much coin on this one like the last one LOL

Indeed, this one lasts one week too.

I am thinking about something like "perma-competition" where we spend a fraction of profit on weekly prizes. This could be like a regular competition, but last a week only, Sun-Sun, and would be fully automated. What do you think?

Cheers,
Ethan

I think it is a good thing to have an ongoing competition on a weekly basis.
I noticed it being featured on another dice site I tried out for a couple of days and liked the wagering competition they had running every couple of days then reset once it ended.

Kiritsugu
Legendary
*
Offline Offline

Activity: 1408
Merit: 1023



View Profile
December 18, 2018, 08:41:18 AM
 #2698

Just a small heads-up; the prize pool for the Ethereum Profit Competition we started a couple days ago just passed 50 ETH!



You can check out more details on the YOLOdice Bonus page or here: https://bitcointalk.org/index.php?topic=5084865.0

BTCevo
Legendary
*
Offline Offline

Activity: 1680
Merit: 1008



View Profile
December 18, 2018, 09:04:27 AM
 #2699

I just saw the competition around, and it is my favourite competition which will get you tons of profit and if you are lucky then you will get so many bonus. So I do hope I can make it at least got some rank on the leaderboard. I do not want to miss this chance to get a lot of coin. Anyway happy belated birthday for yolodice, just checking the thread and joy is already coming

ethan_nx
Sr. Member
****
Offline Offline

Activity: 617
Merit: 342


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


View Profile WWW
December 18, 2018, 12:53:17 PM
 #2700

I agree, high maximum profits aren't completely useless if players don't play for them, but the benefit from that for investors is way smaller than the extra volatility and risk of ruin that a 1:10 leverage entails. Leverage should simply not be allowed, like in Crypto Games. It forces sensible investors to leverage too or to have to settle with lower returns than they should be getting.

In the very beginning I did not suspect so many investments would be x10. My own investment was x1 to keep the bankroll stable and I was thinking people would go for stability, but then almost everyone else started investing at x10 and soon it was clear that investing at any other leverage means (statistically) missing the revenue.

I agree that high max profit is a big feature for players - a lot of people play on really high multipliers, targeting high profits in single bets.

There has never been a moment when any investment had to be closed due to site loss. So maybe the concept of leverage is redundant indeed if almost everyone go for x10...

We were thinking about limiting investments to x1 on LTC and DOGE (newly opened bankrolls), but then the max profit would be pretty low.

So in the end we decided to leave leverage option, maybe we'll change it in the future, but it's been working pretty well so far. The only downside I can see is that it adds some complexity to the investments.

Cheers,
Ethan

Pages: « 1 ... 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 [135] 136 137 138 139 140 141 142 143 144 145 146 147 »
  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!