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Author Topic: Re: 🔶 YOLOdice.com 🔶 commission on LTC investments is at 35% till 31. Dec  (Read 135597 times)
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October 13, 2020, 02:50:47 PM
 #3961

I was thinking of investing to yolodice's bankroll if I understand it correctly for example you invested 1 Litecoin and your total share is 10% of the 10LTC total pool and if the total pool became 50LTC your share of it is still 10% so it will become 5 LTC am I right?



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October 13, 2020, 03:01:22 PM
 #3962

yolodice may have to add a few coins to bet so everyone can vote for their favorite coin

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October 13, 2020, 03:07:41 PM
 #3963

what could be the best bankroll coin to invest with? i'm currently afraid on investing to litecoin bankroll since the last time a user almost swept the litecoin bankroll but their ltc investment of 35% on commission is a great promotion and seen that they have extended it to december.

Hard to say, LTC typically has the most action on it and therefore has the highest chance for gains (and losses as you point out). I personally recommend diversifying, so spreading out among all the coins. That mitigates some of the risk because then you can't lose all your investment.

Example: you have $300 to invest, so you put 100 into BTC, 100 into LTC, and 100 into doge. If someone comes and wipes the LTC bankroll you still have the $200 from BTC/doge. Whereas if you put all of it in on one you have no other investments to help balance out any hits.
Diversification is something you should do in almost all investments. Which works out here as well because there are few other coins.

You know why it is such a great deal? Because if one of them goes down, the others are fine, sure you are giving up on a chance that if someone loses HUGE amount on ltc, you are not all in on LTC so you might not make that much profit, but you are also providing security where if someone wins a lot of LTC you are not down that much since some of your money is somewhere else. All of these are important facts of diversification.

Plus do not forget that coins do go up in value in fiat as well, so if you invest in all of them equally there is a chance that you could actually make money not only from gamblers losing but also from crypto gaining value as well.
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October 13, 2020, 03:45:27 PM
 #3964

I was thinking of investing to yolodice's bankroll if I understand it correctly for example you invested 1 Litecoin and your total share is 10% of the 10LTC total pool and if the total pool became 50LTC your share of it is still 10% so it will become 5 LTC am I right?
Then it's a good way to invest when the bankroll is low since if you invest in low bankroll you will already gain a good profit out of it?

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October 13, 2020, 03:52:09 PM
 #3965

I was thinking of investing to yolodice's bankroll if I understand it correctly for example you invested 1 Litecoin and your total share is 10% of the 10LTC total pool and if the total pool became 50LTC your share of it is still 10% so it will become 5 LTC am I right?

I'm not quite sure how it actually works also I don't know what does it miean commission on LTC is 35% commission on your total profit? is that right?

yolodice may have to add a few coins to bet so everyone can vote for their favorite coin

What do you mean vote for their favorite coin? I think they could add Ethereum since it's one of the top coin next to bitcoin.


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October 13, 2020, 03:59:28 PM
 #3966

yolodice may have to add a few coins to bet so everyone can vote for their favorite coin

Currently there are 4 coins which are accepted to place your bets - BTC,LTC, ETH and DOGE coins. Yes, in coming time I do expect some additions might take place in coins and will have more choice while placing bets. Infact owner is aware about it and looking into this as well which will be the best coin that can be added to Yolodice site from long term perspective.

For sure the owner are full aware about it, if they are planning to add more coins they will
surely bring it up here and let everyone knows about it.

It's a good point putting additional coins both for investment and for the gambling availability
as well.



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October 13, 2020, 04:01:24 PM
 #3967

I was thinking of investing to yolodice's bankroll if I understand it correctly for example you invested 1 Litecoin and your total share is 10% of the 10LTC total pool and if the total pool became 50LTC your share of it is still 10% so it will become 5 LTC am I right?

Your share would still be 10% IF and only IF no one else added anything to the bankroll. Since anyone can invest or withdraw their investment at any time its unlikely that your share will stay the exact same. You've also got to take into account the commission, but yes your general understanding is correct.

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October 13, 2020, 07:23:09 PM
 #3968

I was thinking of investing to yolodice's bankroll if I understand it correctly for example you invested 1 Litecoin and your total share is 10% of the 10LTC total pool and if the total pool became 50LTC your share of it is still 10% so it will become 5 LTC am I right?
You are wrong I believe because if the total bankroll is 10LTC and you invest 1LTC that means your share is 10% in the total bankroll but if other invest and the bankroll becomes 50LTC and you don't invest again then surely your investment remains 1LTC which is 2% actually. That said, if the the bankroll was 10LTC and it grows to 50 from that itself gaining profits from gamblers and no new invest then your share should remain 10% as simple as that.

By the way as I was checking yolodice I saw that they have lowered the commission so you might want to check that as it reads "We are lowering commission on all LTC investments to 35% till 31st December 2020. This applies to all new and existing investments!"

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October 14, 2020, 03:23:15 AM
 #3969



What do you mean vote for their favorite coin? I think they could add Ethereum since it's one of the top coin next to bitcoin.
what? Yolodice has added ETH since long time ago, they only closed the ETH investment for atm (don't know what was the reason). You can know more if you regularly visited the site

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October 14, 2020, 05:34:06 AM
 #3970

yolodice may have to add a few coins to bet so everyone can vote for their favorite coin
Yeah, I would love to see Tron being added because TRX transactions are being done at almost zero fees and makes a great choice for gamblers and even stake, sportsbet, bitsler and so many other casinos have it so hopefully Yolodice can add it too because it is like the new ideal coin for us gamblers with no transaction fees and fast confirmations.

in coming time I do expect some additions might take place in coins and will have more choice while placing bets. Infact owner is aware about it and looking into this as well which will be the best coin that can be added to Yolodice site from long term perspective.
Yes, yolodice is such a old casino that it should be able to add new coins more quickly because they are running since 2016 if I am not wrong and the team must be solid to have it running so long and hopefully new coins being added will bring more gamblers and profits for them.

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October 14, 2020, 11:55:56 AM
 #3971

yolodice may have to add a few coins to bet so everyone can vote for their favorite coin

Currently there are 4 coins which are accepted to place your bets - BTC,LTC, ETH and DOGE coins. Yes, in coming time I do expect some additions might take place in coins and will have more choice while placing bets. Infact owner is aware about it and looking into this as well which will be the best coin that can be added to Yolodice site from long term perspective.

The big 4 gambling coins for me,,, and never changed since 2017 when I first started gambling. I know a lot of people talk about stablecoins now or even TRX which is still popular on dapps but I just get the feeling anyone doing dice just focuses on these few coins. Every site I know adding others you see the volume is never as high as these four. Not against adding more,,, but I think yes we already got the only ones that matter:)

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October 14, 2020, 02:42:54 PM
 #3972



What do you mean vote for their favorite coin? I think they could add Ethereum since it's one of the top coin next to bitcoin.
what? Yolodice has added ETH since long time ago, they only closed the ETH investment for atm (don't know what was the reason). You can know more if you regularly visited the site

Ah yes I was referring to Ethereum investment if that's what he is talking about I noticed that the Ethereum coin is not open for investment what could be the reason of it?


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October 14, 2020, 05:17:49 PM
 #3973

Yolo really has a professional and a helpful team and anytime if facing any problems either on mail or on chat they are always ready to help you. Due to which the site is doing so well and will continue to perform better. Inspite of several years now it is being used by so many users and recommended as well. As far as the coin is concerned not sure if TRX would be the ideal choice because it should something be having a good future value as well and TRX in my opinion does not fits in.
I understand that the team is amazing at what they do, they are working towards helping people recoup that LTC investment for example so I can totally see them being helpful in any other topic as well. But at the end of the day somethings are not even on their hands, they could add some coins but it may not work as well as you think it might, for example adding tron could come with complications as well.

On top of all that, you would have some coins who people could stake and what are you going to do at that moment? For example ETH will be a stake coin soon, what are you going to do about it? Will you put your money here instead of staking? Will you prefer that? Or do you think yolodice will make it both profitable for gambling but also give you the staking income as well? All these are very hard questions.

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English is a language.Not a measure of intellignce


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October 16, 2020, 11:19:07 AM
 #3974

The big 4 gambling coins for me,,, and never changed since 2017 when I first started gambling. I know a lot of people talk about stablecoins now or even TRX which is still popular on dapps but I just get the feeling anyone doing dice just focuses on these few coins. Every site I know adding others you see the volume is never as high as these four. Not against adding more,,, but I think yes we already got the only ones that matter:)

IMO, that's an advantage of Yolodice already.
If we look at most betting sites, they just offer BTC and Ethereum bets, deposits, and withdrawals.
Others would add stable coins that I don't really prefer and some are just straight cash that I am also trying to avoid.  Grin

So 4 is great and jackpots are still high.

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October 16, 2020, 03:55:25 PM
 #3975

I was thinking of investing to yolodice's bankroll if I understand it correctly for example you invested 1 Litecoin and your total share is 10% of the 10LTC total pool and if the total pool became 50LTC your share of it is still 10% so it will become 5 LTC am I right?
You are wrong I believe because if the total bankroll is 10LTC and you invest 1LTC that means your share is 10% in the total bankroll but if other invest and the bankroll becomes 50LTC and you don't invest again then surely your investment remains 1LTC which is 2% actually. That said, if the the bankroll was 10LTC and it grows to 50 from that itself gaining profits from gamblers and no new invest then your share should remain 10% as simple as that.

By the way as I was checking yolodice I saw that they have lowered the commission so you might want to check that as it reads "We are lowering commission on all LTC investments to 35% till 31st December 2020. This applies to all new and existing investments!"

I see what you're talking about, thank you for the clarification. Yes the Litecoin commission is 35% I think it's a great way to invest to their bankroll.



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October 16, 2020, 05:31:28 PM
 #3976

Number of coins here is enough I believe, it is already stretched thin across the board and if you add something new, yolodice has to put up all the bankroll until people start bankrolling it themselves, which means a ton of money from yolodice going out for a while, they are known to allow us to be the house and that is why it would be a very painful period for them to be the bank and the casino all the same time, not that it is rare because there are tons of places that bankroll themselves but yolodice allows much much higher max bet which is why a HUGE bankroll is required.

Adding a new coin would make it a bit more difficult and that is why I believe the current system is working so perfectly anyway and that means there shouldn't be a reason to keep it going for more.

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