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Author Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021  (Read 143014 times)
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August 24, 2020, 02:01:19 AM
 #3881


Not everyone would break even after wagering for quite some time, it is either you win or you lose but the fact is that alot more people actually lose so it would still be profitable for the investor

Of course, that's why I said short term. On the long run, investors make 0.5% of what the player wagers. I was just pointing out that the current system makes it possible for a player to be losing money or breaking even while investors are losing money, because of that constant 0.5% fee.
I would say that short term for casino investment is one of the worst ideas out there for investment. Casino investment is a long term thing, I know a guy who works at a casino in an upper management type of position and when we talk he says that even the casino itself (which doesn't accept investments) doesn't make profit every day, they lose money some days and they win some days and the long story short is they do make a profit in the long term.

There are times when they lose so much that 2 months profits are all erased, but then there are days when they make so much money that they could literally retire and never work again, it is really a wild wild ride. Only thing that makes sense in casino investment is to have it long term so you can both have the losses and wins so that you could be in profit, in short term you could just face losses.

I'm not complaining about volatility caused by players winning, anyone who doesn't understand that shouldn't invest. I'm just saying that the current commission system makes it possible for investors to lose money even when players aren't winning, which is strange.

It does make sense if you consider that YOLOdice has other costs too, such as rakeback which goes up to 30%. I'm sure they'd rather have investors handle that instead of hoping that players lose to pay rakeback. The alternate system (50% of net profits) also has it's own pros and cons. For example, if a player lost 50 BTC and then won it back, commission would get paid as if that player lost 50 BTC.

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August 24, 2020, 02:12:46 AM
 #3882

It does make sense if you consider that YOLOdice has other costs too, such as rakeback which goes up to 30%. I'm sure they'd rather have investors handle that instead of hoping that players lose to pay rakeback. The alternate system (50% of net profits) also has it's own pros and cons. For example, if a player lost 50 BTC and then won it back, commission would get paid as if that player lost 50 BTC.

I'm fine with the system, it makes sense to me. It can simply be confusing, it was for me at first as I lost a lot during that LTC massacre. It will probably take years to recover from that.
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August 24, 2020, 06:42:28 AM
 #3883

When we announced the lowering of max bet profit a few investors added almost 1,000 LTC (maybe deciding that it's a good moment to invest) and existing investments' share shrank.

From that moment site profit increased a bit, but here's the thing: investors that had certain share in loses when the bankroll was going down had smaller share in profits when the profit was going up. The same happened with my investments, they lost disproportionally to site profit changes.

This is why dilution fees can be a good idea. Dilution fees would have at least spread some to the existing investors who got crushed and then had their shares reduced by the further investments.
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August 24, 2020, 08:43:44 AM
 #3884

This is why dilution fees can be a good idea. Dilution fees would have at least spread some to the existing investors who got crushed and then had their shares reduced by the further investments.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

So in the end I am leaning towards the opinion that the dilution fee would penalize the investors who divest to play, while it would not provide enough profit for long-term investors to justify it.

This week Scott and me will discuss the commission model and if it can be improved, especially given the recent profit volatility and loses.

Cheers,
Ethan

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August 24, 2020, 09:05:21 AM
 #3885

Ethan, you should edit this section of the site to reflect the new changes:



Done already!



Cheers,
Ethan

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August 24, 2020, 09:11:02 AM
 #3886

This is why dilution fees can be a good idea. Dilution fees would have at least spread some to the existing investors who got crushed and then had their shares reduced by the further investments.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

So in the end I am leaning towards the opinion that the dilution fee would penalize the investors who divest to play, while it would not provide enough profit for long-term investors to justify it.

This week Scott and me will discuss the commission model and if it can be improved, especially given the recent profit volatility and loses.

Cheers,
Ethan

Well, if you change the system, don't do it in a way that reduces expected return to investors nor is unfavourable for those of us that lost a ton during that LTC massacre. I would say to just keep it as it is.
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August 24, 2020, 09:57:13 AM
 #3887

BTC investments took a jump over the weekend! Had a previous one in negative but it's over 4% in the black today, almost 5. That's over 10 % this month roughly.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

Yup,,, one such person would be me. I almost always am guaranteed to close and play a bit before reinvesting (something psychological about seeing the red negative numbers!),,, knowing full well if I do that often enough, I might eventually lose it all;)




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August 24, 2020, 11:30:27 AM
 #3888

This is not rare and in the past it boosted site performance quite a lot -

So in the end I am leaning towards the opinion that the dilution fee would penalize the investors who divest to play, while it would not provide enough profit for long-term investors to justify it.

On the other hand with dillution fee, you will be encouraging people to stay invested and lock their investment on the site which means that the site would be able to provide higher max profit because the bankroll probably wouldnt decrease ( On average )

yes, some of them lost.

While some could win big and reduce the bankroll then invest it back on the bankroll

This week Scott and me will discuss the commission model and if it can be improved, especially given the recent profit volatility and loses.

Some other site stop taking commission / reduce the commission that they took after the house lose alot. This could probably be an option for a while until the investor profits gets back to almost what it was

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August 24, 2020, 12:49:44 PM
 #3889

BTC investments took a jump over the weekend! Had a previous one in negative but it's over 4% in the black today, almost 5. That's over 10 % this month roughly.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

Yup,,, one such person would be me. I almost always am guaranteed to close and play a bit before reinvesting (something psychological about seeing the red negative numbers!),,, knowing full well if I do that often enough, I might eventually lose it all;)



One of the players had lost a big amount of btc last week, due to which it seems that all the investors made good gain from it. But on other hand if they had also been an LTC investors so that made a huge loss as investment were 90 down like 90%. So for both the holders some respite as LTC was down but btc helped them to recover some of their losses.
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August 24, 2020, 04:50:13 PM
 #3890

BTC investments took a jump over the weekend! Had a previous one in negative but it's over 4% in the black today, almost 5. That's over 10 % this month roughly.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

Yup,,, one such person would be me. I almost always am guaranteed to close and play a bit before reinvesting (something psychological about seeing the red negative numbers!),,, knowing full well if I do that often enough, I might eventually lose it all;)



One of the players had lost a big amount of btc last week, due to which it seems that all the investors made good gain from it. But on other hand if they had also been an LTC investors so that made a huge loss as investment were 90 down like 90%. So for both the holders some respite as LTC was down but btc helped them to recover some of their losses.

BTC bankroll indeed gained almost 40 BTC recently - it's even more than ~5,000 LTC lost recently, but the LTC bankroll was much smaller and the percentage (ROI) impact on investments was much more painful :-(

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August 24, 2020, 05:53:15 PM
 #3891

Yeah was too surprised too about the whale almost sweeps the LTC bankroll but that's could happen there's always risk for investors. Luckily I spread my investment to different coins on yolodice so I hope I could earn some profit on the other coins.

ya.ya.yo!

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August 24, 2020, 09:36:11 PM
Merited by rawdog11 (1)
 #3892

We don't usually post about chat rules in this forum, but we've had a number of issues/complaints rising lately about traded/sold/bought/given-away YD accounts, and as such I thought it would be important to mention this rule change here (it is also the chat topic now, for some time).  I've met with Ethan about this and we discussed making a change, so here it is.

Previously, we prohibited trades/buying/selling on our site, but allowed people to buy/sell//trade/give away accounts, but this is no longer the case.


As of today, right now:  Trading/Buying/Selling/Giving Away YOLOdice accounts is no longer allowed. Any accounts violating this from this point forward will be permanently muted, no exceptions. Trading/Buying/Selling anything else is still prohibited.

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.
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August 25, 2020, 05:46:18 PM
 #3893

Indeed the commission taken by the site is a thing in cases like this, the site took 2500 LTC of commission this week.
There options like what's done by bustabit to keep a commission of 50% without affecting the investors durings huge loss. The commission is taken only when the site is at its ATH profit.

Also there is new investors because their expected value is much higher when there is a low bankroll (they can have a higher %) and when there is a player wagering a lot, its theorically the best moment to invest.

I also did it after losing a lot first i added another investment yesterday. So  sometimes the new investors you see are in fact the old investors who added some additonal money.
Yeah, the fact that if you lost money you should not be paying anything more but when you earn money you should be paying even more could make the casino same amount of profit while also helping out the bottom as well. Let's say there are 2 people who put 10 dollars, one of them had their investment drop to 9 dollars, and you also took 1 dollar out of them, so now they are at 8, that is not really nice for them, but let's say another earned because gambler lost, his 10 dollars became 11, and you took 1, that means he didn't lose anything (and neither won but he could wait for 12 if he wants).

If you spread it bigger, you could take 2 out of the winner, and that way instead of 1 from loser and 1 from winner, casino could do 0 from loser and 2 from winner, same amount goes to casino, but losers are doing better.


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notYou263
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August 25, 2020, 08:59:16 PM
 #3894


Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.[/b][/center]

if so why are 2 of my accounts perm muted? I got them days before. i have the credentials.
and i wonder why only those 2 accs were perm muted. the low level accounts i got, distributed the same way, are ok, yea`?!  Roll Eyes
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August 25, 2020, 10:56:58 PM
 #3895


Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.[/b][/center]

if so why are 2 of my accounts perm muted? I got them days before. i have the credentials.
and i wonder why only those 2 accs were perm muted. the low level accounts i got, distributed the same way, are ok, yea`?!  Roll Eyes

ny ny, was planning to tip you to run 2 games but you weren't there Undecided
And I think because baby whiners won't try to "steal by recovering" low level accounts maybe? And for all fairness I suggest to perm mute them all (most of them belong to one guy anyway and the rest for 2-3 people), and ye I know it will not happens Tongue


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August 25, 2020, 11:05:36 PM
Last edit: August 25, 2020, 11:30:33 PM by Kiritsugu
Merited by suchmoon (4)
 #3896


Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.[/b][/center]

if so why are 2 of my accounts perm muted? I got them days before. i have the credentials.
and i wonder why only those 2 accs were perm muted. the low level accounts i got, distributed the same way, are ok, yea`?!  Roll Eyes

They were muted because the credentials were posted publicly in chat, and I was there to witness it.  As a group the mods decided (previous to this new rule, on the day that I muted those 2 accounts), that anyone that posted their account credentials publicly in chat to "give away" the account would be permed.  If your low level accounts had their information posted publicly, and I had been there to witness it, I would have muted them as well.

I already told you the reason for this; 1) its a pain when we get PMs whining and complaining that they didn't get the accounts because they seem to think you used scripts or something to claim them (which, by the way, I stuck up for you, and told them you don't, because that doesn't seem like something you would do) and 2) its annoying for Ethan and myself when we get tickets from 6 different people trying to "recover" accounts that were never theirs.

I tried to explain this via PM to you but you seem pretty determined to somehow paint me as a bad guy.
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August 25, 2020, 11:51:13 PM
Merited by DarkStar_ (5), snipie (1)
 #3897

We don't usually post about chat rules in this forum, but we've had a number of issues/complaints rising lately about traded/sold/bought/given-away YD accounts, and as such I thought it would be important to mention this rule change here (it is also the chat topic now, for some time).  I've met with Ethan about this and we discussed making a change, so here it is.

Previously, we prohibited trades/buying/selling on our site, but allowed people to buy/sell//trade/give away accounts, but this is no longer the case.


As of today, right now:  Trading/Buying/Selling/Giving Away YOLOdice accounts is no longer allowed. Any accounts violating this from this point forward will be permanently muted, no exceptions. Trading/Buying/Selling anything else is still prohibited.

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.

This is good and would be fair for the site, since everybody wanted to get that high level accounts from the same guy over and over again to abuse faucet and use rakebacks if ever. Plus some of it are on the weekly competition so its very lucky for those who would get those free accounts. That is why they're very eager to retrieve those and email the support, damn dumb greedy.

And also we have this guy from our country(PH) who uses multiple accounts from multiple devices and uses VPS just to catch all rains and tips and even with HAL. Just to find out that he is been here for "2 years already" from his main account.

This is very disappointing as it takes away the fun in Trivia's and maybe will be blocked soon from Site (N/A for PH). I hope that you may be able to detect somehow on this multiple accounts on different devices though its not really a thing to do.
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August 28, 2020, 08:48:59 AM
 #3898

This is good and would be fair for the site, since everybody wanted to get that high level accounts from the same guy over and over again to abuse faucet and use rakebacks if ever. Plus some of it are on the weekly competition so its very lucky for those who would get those free accounts. That is why they're very eager to retrieve those and email the support, damn dumb greedy.

And also we have this guy from our country(PH) who uses multiple accounts from multiple devices and uses VPS just to catch all rains and tips and even with HAL. Just to find out that he is been here for "2 years already" from his main account.

This is very disappointing as it takes away the fun in Trivia's and maybe will be blocked soon from Site (N/A for PH). I hope that you may be able to detect somehow on this multiple accounts on different devices though its not really a thing to do.

It would seem like I missed out on all the account drama,,, I drop into the chat very rarely and so I do not happen to see this going on but I can never really understand why people do all these catching rains and thing. I also come from a similar country near PH so I understand that the rain can be seen as a fair amount of money, but we can actually work hard and earn the same if not more, while learning new skills and not spending all day on the computer!

Same as every site that one guy and his 10 accounts ruins it for everyone:\



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August 28, 2020, 09:03:12 AM
 #3899

We don't usually post about chat rules in this forum, but we've had a number of issues/complaints rising lately about traded/sold/bought/given-away YD accounts, and as such I thought it would be important to mention this rule change here (it is also the chat topic now, for some time).  I've met with Ethan about this and we discussed making a change, so here it is.

Previously, we prohibited trades/buying/selling on our site, but allowed people to buy/sell//trade/give away accounts, but this is no longer the case.


As of today, right now:  Trading/Buying/Selling/Giving Away YOLOdice accounts is no longer allowed. Any accounts violating this from this point forward will be permanently muted, no exceptions. Trading/Buying/Selling anything else is still prohibited.

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.

This is good and would be fair for the site, since everybody wanted to get that high level accounts from the same guy over and over again to abuse faucet and use rakebacks if ever. Plus some of it are on the weekly competition so its very lucky for those who would get those free accounts. That is why they're very eager to retrieve those and email the support, damn dumb greedy.

And also we have this guy from our country(PH) who uses multiple accounts from multiple devices and uses VPS just to catch all rains and tips and even with HAL. Just to find out that he is been here for "2 years already" from his main account.

This is very disappointing as it takes away the fun in Trivia's and maybe will be blocked soon from Site (N/A for PH). I hope that you may be able to detect somehow on this multiple accounts on different devices though its not really a thing to do.

The site would be able to find out the solution too, because have seem to be fair and it is correct everyone should get equal opportunity to get those trivia and rains and not just only 1 person get majority. The overall motive itself then loses its context if just using multiple accounts quite possible will continue chatting to each other. The decision for free account is also correct unless those who wanted to abuse it just had some thoughtful mind that quite possible that others would also continue mailing to team and as a result no one would be able to get it. Finally, it’s a loss for them as well and now they would just be regretting about their acts.
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August 28, 2020, 01:50:24 PM
 #3900

-snip-
I can never really understand why people do all these catching rains and thing...
I can't also understand why Bezos is breaking records with his fortune while he refuses to add a penny to his workers during the pandemic. Some people are too greedy and love the money more than everything else in life I would say.
For the YD staff, they can't do anything since he is using multiple devices and IPs or vps or whatever tricks.. The only thing that allowed him to do so is the free high ranked accounts that he was able to collect, airdropped publicly in the chat or via pm, first begged first served... If this harmful thing was stopped earlier it might be better, just saying  Roll Eyes
For the reference, before I ignore his ~10 accounts, I found him saying with one account "good night" and he answered himself with his alt just after a moment "gn bro" or something like this. This is pathetic and I cannot stop thinking about it lol when we talk about him! Of course this wasn't the only one I spotted but the most hilarious one Lips sealed


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