🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021

[joksim299]

Let me ask if we can get more tips just stay on the chat? i am chatting there and sometimes i receiving tips .. but i do not know if where they are..
can i take multiple tips daily from chant room..  i just notice that sometimes i receive tips there just chatting,,

Yes you can receive multiple tips. It all depends on number of rains made by user/bot.

[1715390717]

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[Lionidas]

Let me ask if we can get more tips just stay on the chat? i am chatting there and sometimes i receiving tips .. but i do not know if where they are..
can i take multiple tips daily from chant room..  i just notice that sometimes i receive tips there just chatting,,

They go to your yolodice balance you just have to look but it takes you out of chat.
That's the only problem.
Maybe if they can have a popout window option so you can gamble and keep an eye on the chat box at the sametime this might be a better option then having both to drain browser resources. Just a suggestion.

[FasTroy]

I couldn't imagine that there is someone can say that this yolodice is scam.. but honestly like other said the site has many promotion and i am always online in their chat which is if you are alive their you have a chance to receive of rains or bonuses.. ..

Just forget what he said.
YoloDice is one of a great site. There is no way to scam here. It's an amazing site.

[rytyr]

I couldn't imagine that there is someone can say that this yolodice is scam.. but honestly like other said the site has many promotion and i am always online in their chat which is if you are alive their you have a chance to receive of rains or bonuses.. ..

Just forget what he said.
YoloDice is one of a great site. There is no way to scam here. It's an amazing site.

It is a good site I just started using it and am very happy and pleased with my results so far!
Long live yolodice and it's admin Ethan_nx!

[ethan_nx]

Hey ethan i had a question let's say i invest in your site at a leverage of 10 and the site profit is as 50 btc and it reaches 100 btc but then it reduces to 80 btc so my investment won't close right it will only close if the site profit becomes 45 btc.

Hi,

you investment would survive it. By looking at the current investment structure I'd say that a x10 investment would close if site profit drops even to -40 BTC.

In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.

Cheers,
Ethan

[adaseb]

Hey ethan i had a question let's say i invest in your site at a leverage of 10 and the site profit is as 50 btc and it reaches 100 btc but then it reduces to 80 btc so my investment won't close right it will only close if the site profit becomes 45 btc.

Hi,

you investment would survive it. By looking at the current investment structure I'd say that a x10 investment would close if site profit drops even to -40 BTC.

In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.

Cheers,
Ethan

Yes that does seem pretty stable and seems like a fairly safe mid-risk of investment. However in the past what was the largest drop of site profit that was experienced?

[Catmony]

In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.

This looks quite convincing, i am going to invest some in yolo. I know return will be low but even with 10x leverage it sound quite risk free. 

[ethan_nx]

In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.

This looks quite convincing, i am going to invest some in yolo. I know return will be low but even with 10x leverage it sound quite risk free. 

Oh, never assume past profits guarantee future profits! I know I am playing devil's advocate, but it's not totally risk-free, especially not x10 investments :-). I know the probability favors investors (theoretically site profit should equal to 1% of wagered), but still a high-roller could win e.g. 10 BTC with just a few bets.

Other than that, I highly encourage you to open an investment. I've invested almost all my bitcoins in this project and I don't regret, even though my investments suffered a pretty large loss in the beginning :-)

Cheers,
Ethan

[ethan_nx]

Important announcement regarding investment commissions

We are increasing the investment commission from 10% to 20% on Monday, 3 Apr
(in seven days)

Why?

When setting our investment commission to 10% few months ago we underestimated how much site growth depends on giveaways, competitions, promotions etc. The current 10% actually gives us a very narrow margin and it makes it difficult to compete with other sites that spend much more on promotion.

So far we have run several promotions, giveaways and competitions. We have spent around 10 BTC on the referral program and promotions altogether. This resulted in over 2,400 BTC wagered, 65 BTC profit and over 80,000,000 bets so far. We've been able to gain trust of both investors and players - this is something you cannot buy. I think it's not bad for a site that is 3 months old and still pretty new. But we want to go farther.

We believe that with the extra funds we will be able to attract new players and make YOLOdice grow even faster. We will spend it mostly on promotions, prizes in competitions and on other activities that we believe would have positive long-term ROI.


How will this affect investors' earnings?

I'm pretty confident the investors will benefit from this change, although it might appear we are cutting their profits. Here is why:

* we are going to spend extra funds to make the site grow faster, which means more players => more wagered => more potential profit for investors,
* 20% commission is still one of the lowest among Bitcoin casino sites -- 80% of site profit still goes directly to investors,
* besides, most of the coins spent on promotions return the site bankroll (i.e. investors' pockets) quite quickly.


When will you increase the commission?

Here is the roadmap we will follow:

* Sunday, 2 April - the last time a weekly commission will be taken at 10% (we take commissions on Sundays)
* Monday, 3 April - 20% commission will become effective. Every investment closed from now on will have 20% commission applied.
* Sunday, 9 April - the weekly commission will be collected at 20% level.


What if I don't agree?

If you don't agree to the new terms you can close your investment anytime between now and Monday, 3 April. But I highly recommend you to stay with us. I hope we are on the right path to establish a really decent dice site with lots of opportunities for both players and investors.

Thanks and cheers,
Ethan

[BTCevo]

Do you mean commission for the promotiona and giveaway? Do you mean by spending 10% more on the commission you got it from the investment so the investor only got 80% in the return? I know that it is pretty good to attract more player but to cut it from the investor profit might not be a good idea, it is better if you try to find more investor instead of cutting the roi for investor

[noodle_dam]

I couldn't imagine that there is someone can say that this yolodice is scam.. but honestly like other said the site has many promotion and i am always online in their chat which is if you are alive their you have a chance to receive of rains or bonuses.. ..

Let's just move on and forget that guy.

Happy weekends

Forgotten already.

Ethan_nx and Yolodice are the best combination of dice site and reliable and honest owner you could ever ask for of a dice site EVER!

[Slark]

Important announcement regarding investment commissions
-snip-

It was unavoidable. 10% commission rate felt more like promotional feature than standard fee that will be immutable in the long term.
I am quite fine with 20% commission (other sites I tested in the past had 50% commission rate).

Ethan, do you plan oo increasing commission rate again in the foreseeable future or 20% is here to stay?

[ethan_nx]

It was unavoidable. 10% commission rate felt more like promotional feature than standard fee that will be immutable in the long term.
I am quite fine with 20% commission (other sites I tested in the past had 50% commission rate).

Ethan, do you plan oo increasing commission rate again in the foreseeable future or 20% is here to stay?

Slark, I am not planning another increase. I think 20% should secure enough funds for a decent growth and it should bring balance to our budget.

I need to say this, believe or not, this increase is not about our short-term profit and it's not about fixing a broken budget. I deeply believe we can build a really decent dice site and extra funds can speed this up.

Cheers,
Ethan

[condoras]

Important announcement regarding investment commissions
-snip-

I will agree that 10% commission is low for a dice site and even 20%, it's still a low fee.
Still, it would be good not to change this percentage again or often.
Any "uprising" change, makes people nervous and worried. Especially when this raise have to do with their invested money...

I will keep my investment on site and i hope that this way is the righr way for your site to grow.
Ofc site grows, funds growing also with it...

Btw, one question : Why you don't accept investments in other coins also? Imho it's also a good and not so used solution...

[juzam1337]

I was actually wondering how u can make a profit by charging "only" 10% of the profit, but giving away 20% of the house edge to refs. You have the 1 BTC wager contest too.
Good change, Ill keep my investment.
Good communication too

[ethan_nx]

I will agree that 10% commission is low for a dice site and even 20%, it's still a low fee.
Still, it would be good not to change this percentage again or often.
Any "uprising" change, makes people nervous and worried. Especially when this raise have to do with their invested money...

I will keep my investment on site and i hope that this way is the righr way for your site to grow.
Ofc site grows, funds growing also with it...

Btw, one question : Why you don't accept investments in other coins also? Imho it's also a good and not so used solution...

Making a multi-currency site adds a lot of complexity, I decided to stick to one coin. Bitcoin was a pretty obvious choice. Maybe in the future we will re-consider adding other currencies too. But from what I can see, even on multi-currency sites, the vast majority of wagered is still in BTC.

I was actually wondering how u can make a profit by charging "only" 10% of the profit, but giving away 20% of the house edge to refs. You have the 1 BTC wager contest too.
Good change, Ill keep my investment.
Good communication too

The answer is easy: me and Scott hold investments too, this gives us extra funds for paying referral bonuses and fund prizes. This does not leave any profit for ourselves, but it's OK for now. One of the businesses I started did not bring any profit for the first 3 years (this was too long actually, but I learned patience and determination does pay off eventually).

Cheers and thanks for your trust! I really appreciate it!
Ethan

[coingamblingreviews]

I will agree that 10% commission is low for a dice site and even 20%, it's still a low fee.
Still, it would be good not to change this percentage again or often.
Any "uprising" change, makes people nervous and worried. Especially when this raise have to do with their invested money...

I will keep my investment on site and i hope that this way is the righr way for your site to grow.
Ofc site grows, funds growing also with it...

Btw, one question : Why you don't accept investments in other coins also? Imho it's also a good and not so used solution...

Making a multi-currency site adds a lot of complexity, I decided to stick to one coin. Bitcoin was a pretty obvious choice. Maybe in the future we will re-consider adding other currencies too. But from what I can see, even on multi-currency sites, the vast majority of wagered is still in BTC.

I was actually wondering how u can make a profit by charging "only" 10% of the profit, but giving away 20% of the house edge to refs. You have the 1 BTC wager contest too.
Good change, Ill keep my investment.
Good communication too

The answer is easy: me and Scott hold investments too, this gives us extra funds for paying referral bonuses and fund prizes. This does not leave any profit for ourselves, but it's OK for now. One of the businesses I started did not bring any profit for the first 3 years (this was too long actually, but I learned patience and determination does pay off eventually).

Cheers and thanks for your trust! I really appreciate it!
Ethan

Good move - I think increasing the fee in your favor will actually help you build more trust.

If you are running a site and making very little to nothing (and investors make everything), my first thought is this is too good to be true. If you take more of the share it makes others feel slightly better that everyone is winning.

BTW - please get back to me on that email I have 5 completed now and will be launching pretty soon!

[joksim299]

I will agree that 10% commission is low for a dice site and even 20%, it's still a low fee.
Still, it would be good not to change this percentage again or often.
Any "uprising" change, makes people nervous and worried. Especially when this raise have to do with their invested money...

I will keep my investment on site and i hope that this way is the righr way for your site to grow.
Ofc site grows, funds growing also with it...

Btw, one question : Why you don't accept investments in other coins also? Imho it's also a good and not so used solution...

Making a multi-currency site adds a lot of complexity, I decided to stick to one coin. Bitcoin was a pretty obvious choice. Maybe in the future we will re-consider adding other currencies too. But from what I can see, even on multi-currency sites, the vast majority of wagered is still in BTC.

Maybe you can use some instant exchange API to allow players to deposit any altcoin and play inBTC.
I have nothing against 20% commission it's still pretty low, you are paying one of the highest referral commission rates.
I my opinion any of the 'extra' funds you get can only make YoloDice better. 

[SONG GEET]

Making a multi-currency site adds a lot of complexity, I decided to stick to one coin. Bitcoin was a pretty obvious choice. Maybe in the future we will re-consider adding other currencies too. But from what I can see, even on multi-currency sites, the vast majority of wagered is still in BTC.

I can't agree on this ethan, look at duckdice they are pretty new and supports multiple coins. People are also wagering ethereum there which they have added recently, you can check them to figure out how much people are wagering with ethereum.

Personally i like to play with dogecoin due to very low fees on transaction and pretty stable price in terms of USD.

[JL421]

Hey ethan i had a question let's say i invest in your site at a leverage of 10 and the site profit is as 50 btc and it reaches 100 btc but then it reduces to 80 btc so my investment won't close right it will only close if the site profit becomes 45 btc.

Hi,

you investment would survive it. By looking at the current investment structure I'd say that a x10 investment would close if site profit drops even to -40 BTC.

In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.

Cheers,
Ethan

Oh that's pretty good i wished i asked about this before so there is very less chance of investment closing on your site.