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Author Topic: Re: 🔶 YOLOdice.com 🔶 - fast, fair, rakeback, bonuses BTC ETH LTC DOGE  (Read 105846 times)
Timetwister
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December 18, 2018, 01:33:45 PM
 #2701

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

Does people really target the max profit often enough? You have to compare the extra money the casino makes from those bets to the absurdly high variance of such high leverage ratios. 1:10 is just ridiculous. An unmonitored 10% drop (which can happen very fast if there's a big gambler) would wipe out every 1:10 investor. Does the casino really need that?

Without leverage, profits wouldn't be much different from now, but you wouldn't be forcing investors to either leverage or just not invest. I bet I'm not the only one that would invest if there was no leverage. In the current situation, returns are too low for unleveraged investments, and high leverage is playing Russian roulette (there's 100% chance that eventually those overleveraged investors will lose everything), which is quite stupid when investing should be profitable.
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YOLO_LIFE
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December 19, 2018, 06:07:02 PM
 #2702

prize pool has increased to 81+ Eth (3x times of actual prize). Smiley Smiley


81.647ETH = 8603.96086000 USD

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December 20, 2018, 03:49:09 PM
 #2703

... An unmonitored 10% drop (which can happen very fast if there's a big gambler) would wipe out every 1:10 investor. Does the casino really need that?

It would have to be 10% of effective bankroll, not the "deposited bankroll". To wipe x10 investments someone would have to win over 500 BTC now. This is not that likely to happen, even given 17 BTC max profit. IMO the numbers are not that bad.

Do we need such high max profit? Well, I think yes. It's comparable to other dice sites, and it is what players expect. If we wanted a smaller max profit, we'd have never opened the site for investments. We had our initial funding anyway. But I think having clear rules, external investors and transparency helps the project greatly.

After all our profit graph has its ups and downs, but you cannot beat the statistics - the moving average follows "1% of wagered" pretty well.

Cheers,
Ethan

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December 20, 2018, 07:16:06 PM
 #2704

... An unmonitored 10% drop (which can happen very fast if there's a big gambler) would wipe out every 1:10 investor. Does the casino really need that?

It would have to be 10% of effective bankroll, not the "deposited bankroll". To wipe x10 investments someone would have to win over 500 BTC now. This is not that likely to happen, even given 17 BTC max profit. IMO the numbers are not that bad.

Do we need such high max profit? Well, I think yes. It's comparable to other dice sites, and it is what players expect. If we wanted a smaller max profit, we'd have never opened the site for investments. We had our initial funding anyway. But I think having clear rules, external investors and transparency helps the project greatly.

After all our profit graph has its ups and downs, but you cannot beat the statistics - the moving average follows "1% of wagered" pretty well.

Cheers,
Ethan

I see that volatility on BTC has been truly low in comparison to the real bankroll ("deposited"). So 1:10 leverage may still make sense if it really increases wagered substantially (otherwise there's no point). However, on other coins, volatility has been much higher, why are you allowing so much leverage there?
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December 20, 2018, 07:20:02 PM
 #2705

... An unmonitored 10% drop (which can happen very fast if there's a big gambler) would wipe out every 1:10 investor. Does the casino really need that?

It would have to be 10% of effective bankroll, not the "deposited bankroll". To wipe x10 investments someone would have to win over 500 BTC now. This is not that likely to happen, even given 17 BTC max profit. IMO the numbers are not that bad.

Do we need such high max profit? Well, I think yes. It's comparable to other dice sites, and it is what players expect. If we wanted a smaller max profit, we'd have never opened the site for investments. We had our initial funding anyway. But I think having clear rules, external investors and transparency helps the project greatly.

After all our profit graph has its ups and downs, but you cannot beat the statistics - the moving average follows "1% of wagered" pretty well.

Cheers,
Ethan

I see that volatility on BTC has been truly low in comparison to the real bankroll ("deposited"). So 1:10 leverage may still make sense if it really increases wagered substantially (otherwise there's no point). However, on other coins, volatility has been much higher, why are you allowing so much leverage there?

Litcoin and eth are quite stable. Doge is a fun coin, it shouldn’t really be considered as much as a store of value and more ofma thing you can have because it gets pumped and dumped a lot. It never seems to go below 10 stars per dog or above about 100-150 but a 100% increase is quite a lot. I’m not sure I get the argument, I don’t think the bankroll is all converted to bitcoin and made as one huge pool.

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December 20, 2018, 07:24:24 PM
 #2706

... An unmonitored 10% drop (which can happen very fast if there's a big gambler) would wipe out every 1:10 investor. Does the casino really need that?

It would have to be 10% of effective bankroll, not the "deposited bankroll". To wipe x10 investments someone would have to win over 500 BTC now. This is not that likely to happen, even given 17 BTC max profit. IMO the numbers are not that bad.

Do we need such high max profit? Well, I think yes. It's comparable to other dice sites, and it is what players expect. If we wanted a smaller max profit, we'd have never opened the site for investments. We had our initial funding anyway. But I think having clear rules, external investors and transparency helps the project greatly.

After all our profit graph has its ups and downs, but you cannot beat the statistics - the moving average follows "1% of wagered" pretty well.

Cheers,
Ethan

I see that volatility on BTC has been truly low in comparison to the real bankroll ("deposited"). So 1:10 leverage may still make sense if it really increases wagered substantially (otherwise there's no point). However, on other coins, volatility has been much higher, why are you allowing so much leverage there?

Litcoin and eth are quite stable. Doge is a fun coin, it shouldn’t really be considered as much as a store of value and more ofma thing you can have because it gets pumped and dumped a lot. It never seems to go below 10 stars per dog or above about 100-150 but a 100% increase is quite a lot. I’m not sure I get the argument, I don’t think the bankroll is all converted to bitcoin and made as one huge pool.

Although I hate investing with shitcoins (I ended up really burned buying CLAM to invest them at Just-Dice), historical returns at Yolodice on all those 3 are really impressive while using 1:10 leverage. I'm considering investing and trying to decide which currency is the best option. BTC returns are good, but those on shitcoins have been so much better that they would have to drop a lot per year in average to end up being a worse choice than BTC.
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December 20, 2018, 08:35:02 PM
 #2707

prize pool has increased to 81+ Eth (3x times of actual prize). Smiley Smiley


81.647ETH = 8603.96086000 USD


Delicious

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December 21, 2018, 09:11:06 AM
 #2708

Although I hate investing with shitcoins (I ended up really burned buying CLAM to invest them at Just-Dice), historical returns at Yolodice on all those 3 are really impressive while using 1:10 leverage. I'm considering investing and trying to decide which currency is the best option. BTC returns are good, but those on shitcoins have been so much better that they would have to drop a lot per year in average to end up being a worse choice than BTC.

BTC bankroll is quite large compared to wagered amounts, while LTC and DOGE have lower bankroll/wagered ratio. So indeed, at this point investing in LTC and DOGE makes sense. But you'll have to live with altcoin prices ups-and-downs, which definitely adds some pain :-/

Cheers,
Ethan

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December 21, 2018, 09:19:43 AM
 #2709

Although I hate investing with shitcoins (I ended up really burned buying CLAM to invest them at Just-Dice), historical returns at Yolodice on all those 3 are really impressive while using 1:10 leverage. I'm considering investing and trying to decide which currency is the best option. BTC returns are good, but those on shitcoins have been so much better that they would have to drop a lot per year in average to end up being a worse choice than BTC.

BTC bankroll is quite large compared to wagered amounts, while LTC and DOGE have lower bankroll/wagered ratio. So indeed, at this point investing in LTC and DOGE makes sense. But you'll have to live with altcoin prices ups-and-downs, which definitely adds some pain :-/

Cheers,
Ethan

ETH wagered/bankroll has been quite decent too, even better than LTC. From those 3 shitcoins I think the best one is DOGE. It's as useless as the other ones but at least it's funny and doesn't pretend to be better than BTC. It sucks buying DOGE now, though, it has risen considerably lately.
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December 21, 2018, 12:21:45 PM
 #2710

The competition seems to be entering its endgame, and the prize pool is close to 100 ETH.

Anything can happen, but the current situation is:

- To beat the current leader and get to 1st place you need to win 14 ETH. The current 1st prize is over 24 ETH.
- To get to 20th place you need to be winning 0.7 ETH, and the prize for 20th place is 1.45 ETH.

The endgame could change these results, hopefully the prize pool will grow even larger. Good luck to everyone!

https://yolodice.com/#bonus

Cheers,
Ethan

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December 21, 2018, 12:42:42 PM
 #2711

The competition seems to be entering its endgame, and the prize pool is close to 100 ETH.

Anything can happen, but the current situation is:

- To beat the current leader and get to 1st place you need to win 14 ETH. The current 1st prize is over 24 ETH.
- To get to 20th place you need to be winning 0.7 ETH, and the prize for 20th place is 1.45 ETH.

The endgame could change these results, hopefully the prize pool will grow even larger. Good luck to everyone!

https://yolodice.com/#bonus

Cheers,
Ethan

Could you please check the message I sent you? It's regarding this competition. Thank you.
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December 21, 2018, 02:56:29 PM
 #2712

Last chance to play, prize pool is 120 ETH now.

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December 21, 2018, 03:23:55 PM
 #2713

I lost a 66 ETH 81.41% winning probability bet. It was fun, I liked this promotion. And seeing at the profit during the promotion (higher than expected thanks to me), it seems to be a great promotion for investors.

How often are these competitions run? Can I check somewhere past competitions, to see how much did people profit and how big prizes were?
ethan_nx
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December 21, 2018, 03:26:56 PM
 #2714

I lost a 66 ETH 81.41% winning probability bet. It was fun, I liked this promotion. And seeing at the profit during the promotion (higher than expected thanks to me), it seems to be a great promotion for investors.

How often are these competitions run? Can I check somewhere past competitions, to see how much did people profit and how big prizes were?

Check the first post in this topic, it has a list of recent competitions. Some were epic (like ~400 ETH in prizes), and most were fun. We try to run a competition every few weeks. I am also thinking about a "perma-competition" thing, but it's an early idea now.

Cheers,
Ethan

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December 21, 2018, 03:29:15 PM
 #2715

The competition seems to be entering its endgame, and the prize pool is close to 100 ETH.

Anything can happen, but the current situation is:

- To beat the current leader and get to 1st place you need to win 14 ETH. The current 1st prize is over 24 ETH.
- To get to 20th place you need to be winning 0.7 ETH, and the prize for 20th place is 1.45 ETH.

The endgame could change these results, hopefully the prize pool will grow even larger. Good luck to everyone!

https://yolodice.com/#bonus

Cheers,
Ethan

What's really cool is that in the end of the event betting was actually EV+ for the players.

If you were to bet 1ETH at 49.5%chance of doubling, the prize pool was laaaaaargely compensating the potential loss. The right strategy during the end of this event would have been to bet as much as possible to get on the top of the event. You still had the same chances as usual to win or lose but in case of winning you were winning 3 times your  bet amount and no longer 2 times.

Sadly enough I don't have any ETH so hope this kind of event will come back with BTC Cheesy

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December 21, 2018, 03:32:41 PM
 #2716

The competition seems to be entering its endgame, and the prize pool is close to 100 ETH.

Anything can happen, but the current situation is:

- To beat the current leader and get to 1st place you need to win 14 ETH. The current 1st prize is over 24 ETH.
- To get to 20th place you need to be winning 0.7 ETH, and the prize for 20th place is 1.45 ETH.

The endgame could change these results, hopefully the prize pool will grow even larger. Good luck to everyone!

https://yolodice.com/#bonus

Cheers,
Ethan

What's really cool is that in the end of the event betting was actually EV+ for the players.

If you were to bet 1ETH at 49.5%chance of doubling, the prize pool was laaaaaargely compensating the potential loss. The right strategy during the end of this event would have been to bet as much as possible to get on the top of the event. You still had the same chances as usual to win or lose but in case of winning you were winning 3 times your  bet amount and no longer 2 times.

Sadly enough I don't have any ETH so hope this kind of event will come back with BTC Cheesy

I'd expect really crazy volume if this same promotion had been run for BTC (let's say the fixed prize had been 1 BTC instead of 20 ETH).
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December 21, 2018, 08:06:18 PM
 #2717

I lost a 66 ETH 81.41% winning probability bet. It was fun, I liked this promotion. And seeing at the profit during the promotion (higher than expected thanks to me), it seems to be a great promotion for investors.

How often are these competitions run? Can I check somewhere past competitions, to see how much did people profit and how big prizes were?
Since I'm the one that runs them, if you go to my BitcoinTalk profile and then click "show last topics created by this person", it shows you a huge list of all the ones we've run.

Or just click this: https://bitcointalk.org/index.php?action=profile;threads;u=406631;sa=showPosts

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December 23, 2018, 09:27:27 AM
 #2718

Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).
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December 23, 2018, 09:29:04 AM
 #2719

Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.

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December 23, 2018, 10:01:01 AM
 #2720

Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.

OK, that makes sense. I hope people aren't taking advantage of that.

How is max profit calculated, based on the "real" bankroll or the effective (including leverage) one?
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