🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021

[Timetwister]

... 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?

[1713894716]

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[1713894716]

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[1713894716]

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[jackg]

... 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.

[Timetwister]

... 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.

[BlackRed]

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

81.647ETH = 8603.96086000 USD

Delicious

[ethan_nx]

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

[Timetwister]

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.

[ethan_nx]

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

[Timetwister]

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.

[ethan_nx]

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

[Timetwister]

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]

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

[mOgliE]

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

[Timetwister]

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

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).

[Kiritsugu]

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

[Timetwister]

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).

[BoXXoB]

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.

[Timetwister]

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?

[BoXXoB]

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?

Based on leveraged since leverage affects max profit.

[Timetwister]

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?

Based on leveraged since leverage affects max profit.

It seems to be 0.29% of the total bankroll, which is a bit weird.

[Kiritsugu]

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?

Based on leveraged since leverage affects max profit.

It seems to be 0.29% of the total bankroll, which is a bit weird.

I am fairly sure the Max Profit per bet is based on the REAL bankroll, not the effective one.  Which would make the BTC Max Profit right around 2.5% of the real bankroll.  In a typical casino setting you want the Max Profit to be 1-3% of the real bankroll, so I would assume these were Ethan's thoughts.

I could be remembering this wrong, though, I'll ask him to come clarify so there's no confusion.