🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021

[Timetwister]

Whatever the opinions of everyone here it does seem we can all agree on one thing,,, even if you find leverage ability useful, the shortfalls and extra vulnerabilities to your own bankroll is far worse for you to consider it. I think the simplest is just to have no leverage in this case,,, and then to test something small like 2x down the line in a small sample group. Or offer it as a Level requirement?

I'd do either no leverage or allow a leverage that would be equal to 2 times Kelly (Kelly considering the casino's fees from investors).

[1714061553]

1714061553

[1714061553]

1714061553

[1714061553]

1714061553

[1714061553]

1714061553

[barbara44]

Honestly when you are offering 2x leverage, you might as well stick to 1x, it is still risky yet not making you THAT much money to worth it. If it was 100x I would kind of understand it though.

I know it makes no sense to leverage your investment to 100x for a gambling place but honestly when you get in now and have 100x leverage, you will most likely lose all your money, that is like 99% chance, however with that 1% chance you will probably make so much money that your initial deposit would be dwarfed by the profit you made from it.

It is an insane risk but to be honest gamblers and investors are basically the same if you ask me, no non-gambler ever invests into a casino in my opinion, if you are looking into investing into a casino that means you probably played there before as well.

[DarkStar_]

Honestly when you are offering 2x leverage, you might as well stick to 1x, it is still risky yet not making you THAT much money to worth it. If it was 100x I would kind of understand it though.

Being able to reduce my counterparty risk by 50% is very significant. This isn't about making more money, but rather protecting myself against hacks/a potential exit scam. (not that I'm saying either would happen to YOLODice, but it's always a possibility)

[leea-1334]

Honestly when you are offering 2x leverage, you might as well stick to 1x, it is still risky yet not making you THAT much money to worth it. If it was 100x I would kind of understand it though.

Being able to reduce my counterparty risk by 50% is very significant. This isn't about making more money, but rather protecting myself against hacks/a potential exit scam. (not that I'm saying either would happen to YOLODice, but it's always a possibility)

Agreed 100%. I play at many sites and used to invest in all (now they all no longer do) and as much as I support the services I love and promote them to others, I will always tell people the same things,,, risk only what you can afford to lose when you have to trust a service with your coin. We all have seen far too many times sites just get hacked or exit scam after years of good work. I hope it never happens to any site where people have money inside.

But if you can even halve that exposure by doing x2, you should take it no question.

[rawdog11]

Honestly when you are offering 2x leverage, you might as well stick to 1x, it is still risky yet not making you THAT much money to worth it. If it was 100x I would kind of understand it though.

Being able to reduce my counterparty risk by 50% is very significant. This isn't about making more money, but rather protecting myself against hacks/a potential exit scam. (not that I'm saying either would happen to YOLODice, but it's always a possibility)

Agreed 100%. I play at many sites and used to invest in all (now they all no longer do) and as much as I support the services I love and promote them to others, I will always tell people the same things,,, risk only what you can afford to lose when you have to trust a service with your coin. We all have seen far too many times sites just get hacked or exit scam after years of good work. I hope it never happens to any site where people have money inside.

But if you can even halve that exposure by doing x2, you should take it no question.

I don't think the issue about reducing the exposure. I think it's to level the playing field for everyone. Before on YD you could choose anywhere from 1x to 10x. All the big fish were 10x, so if someone wanted to invest and make anything off of it they would also have to invest at 10x -- or be so vastly out leveraged that it wasn't worth their time.

[leea-1334]

Made a new personal record today. Rolled on max win chance for 211 rolls in a row, switching every time I saw a <10 or >990 and getting it right somehow;) Never made it to Top 25 so fast.

Looks like we are seeing more bets with coronavirus lockdown I guess? Even chat seems more active than usual:)

[adaseb]

Honestly when you are offering 2x leverage, you might as well stick to 1x, it is still risky yet not making you THAT much money to worth it. If it was 100x I would kind of understand it though.

Being able to reduce my counterparty risk by 50% is very significant. This isn't about making more money, but rather protecting myself against hacks/a potential exit scam. (not that I'm saying either would happen to YOLODice, but it's always a possibility)

I know what you are referring too. You basically want to invest say 10 BTC and you feel comfortable with that amount but in case of getting your account hacked you would rather have less counterparty risk such as investing 10 BTC but only keeping. 5 BTC as maintaince collateral.

This is where I think smart contracts would play a big roll and many people such as people who hedge Bitcoin with Tether would be able to provide more funding. It would be nice to provide bankroll or funding for 10BTC but only have to keep 0.1BTC on the actual site and the remainder would be in some smart contract in case your loss is greater than your maintaince margin so more would be taken out of your smart contract and sent to the site.

This is also why it's expensive to borrow USD or Tether or open a derivatives long on Bitcoin , because there is just too much counterparty risk.

[tabas]

Looks like we are seeing more bets with coronavirus lockdown I guess? Even chat seems more active than usual:)

That's probably the effect of the pandemic which seems the volume of people online from different popular casinos has increased. Because of the lockdown in certain parts, it made everyone to have more time to spend at home.

[tbct_mt2]

Looks like we are seeing more bets with coronavirus lockdown I guess? Even chat seems more active than usual:)

That's probably the effect of the pandemic which seems the volume of people online from different popular casinos has increased. Because of the lockdown in certain parts, it made everyone to have more time to spend at home.

Globally, people spend more time at home. Around one-third of the world has stayed at their home due to lockdowns. They spend more time on the Internet and in spare time, they spend more time for online entertainments, that include gambling. The pandemic has bad impacts on global economy but there are companies and branches will take advantage of it to flourish. Online gambling industry and online platforms are part of it.

The pandemic triggers unofficial race among online casinos to release new games, and attract new users as well as try to maintain loyal users.

[tabas]

Looks like we are seeing more bets with coronavirus lockdown I guess? Even chat seems more active than usual:)

That's probably the effect of the pandemic which seems the volume of people online from different popular casinos has increased. Because of the lockdown in certain parts, it made everyone to have more time to spend at home.

Globally, people spend more time at home. Around one-third of the world has stayed at their home due to lockdowns. They spend more time on the Internet and in spare time, they spend more time for online entertainments, that include gambling. The pandemic has bad impacts on global economy but there are companies and branches will take advantage of it to flourish. Online gambling industry and online platforms are part of it.

The pandemic triggers unofficial race among online casinos to release new games, and attract new users as well as try to maintain loyal users.

It is the reason why yolodice and other respective casinos are benefiting from this but I guess even without the pandemic, their users are increasing. On the other hand, we all want this pandemic to stop.

[joksim299]

Looks like we are seeing more bets with coronavirus lockdown I guess? Even chat seems more active than usual:)

That's probably the effect of the pandemic which seems the volume of people online from different popular casinos has increased. Because of the lockdown in certain parts, it made everyone to have more time to spend at home.

Globally, people spend more time at home. Around one-third of the world has stayed at their home due to lockdowns. They spend more time on the Internet and in spare time, they spend more time for online entertainments, that include gambling. The pandemic has bad impacts on global economy but there are companies and branches will take advantage of it to flourish. Online gambling industry and online platforms are part of it.

The pandemic triggers unofficial race among online casinos to release new games, and attract new users as well as try to maintain loyal users.

It is the reason why yolodice and other respective casinos are benefiting from this but I guess even without the pandemic, their users are increasing. On the other hand, we all want this pandemic to stop.

They improve from day to day and are run promos regularly that is one more reason for increase in player base.

[tabas]

It is the reason why yolodice and other respective casinos are benefiting from this but I guess even without the pandemic, their users are increasing. On the other hand, we all want this pandemic to stop.

They improve from day to day and are run promos regularly that is one more reason for increase in player base.

I couldn't agree more on that. It's visible and the results can be seen.

[leea-1334]

Happy April Fool's day everyone! I see the forum has a funny "virus spreading" thing, though maybe not everyone might get the joke in these times, I think it is important to see the bright side of things!

Stay safe, see you in Yolo;)

[Reid]

First of all guys, I hope you are all safe.

Now, I haven't tried the investment part of Yolodice before and I know it was stopped with a good reason from Ethan.
I am seeing some folks in the gambling discussion talking about it(investment in gambling sites)and I am really intrigued now. 

Here is the thread.
https://bitcointalk.org/index.php?topic=5233669.0

Will it be back? Coz' it seems like there is not much trusted gambling sites out there which do this kind of service anymore.

[leea-1334]

First of all guys, I hope you are all safe.

Now, I haven't tried the investment part of Yolodice before and I know it was stopped with a good reason from Ethan.
I am seeing some folks in the gambling discussion talking about it(investment in gambling sites)and I am really intrigued now. 

Here is the thread.
https://bitcointalk.org/index.php?topic=5233669.0

Will it be back? Coz' it seems like there is not much trusted gambling sites out there which do this kind of service anymore.

I am safe,,, I hope you are the same also! Yes, investment in gambling sites have been picking up again, to my mind this is because of all the DeFi lending platforms that failed and people are scared and looking for alternatives.

There are trusted gambling sites, and Yolodice is considering a return to investment, but they will do what is best for long-term growth:)

[ethan_nx]

So, finally the investing is open again!

one-week 0% dilution fee

Yep, I've enabled investing a few minutes ago.

1. Right now you can invest in BTC, LTC and DOGE. ETH is coming soon.

2. Commission is based on wagered amounts (expected profit), not pure profit. The commission is 50% of the expected profit, so it's 0.5 BTC from every 100 BTC wagered (it's 0.5% of the wagered amount) is taken from the bankroll "live" (as bets happen). This means
  - no "commission runs" - the commission is taken in real time, which means your investments value is what you get when you close it,
  - if players lose more than "expected 1% of wagered", it's investors' gain

3. There will be new "dilution fee" of 1% or 2% (still not decided), but it will be enabled in a week (on 2020-04-16). If you invest now, you pay 0% dilution fee, but you'll receive your dilution profit from all investments opened after 2020-04-16.

4. There is no "leverage"  this time - the amount you invest translates directly to your share. It's so much simpler now.

5. During the competitions we'll pause your investments so that we can do "50% of site profit goes to prize pool".

Links:
- FAQ on investing: https://yolodice.com#faq/investing
- Investor stats: https://yolodice.com#stats/investor
- Investor panel: https://yolodice.com#invest

If you have any questions I'll be happy to answer them.

Take care and cheers!
Ethan

[Ryker1]

So, finally the investing is open again!

one-week 0% dilution fee

Well, this is a good news from those investors. If they will invest now they take advantage the 0% dilution fee which is sounds good.
I can now suggest this gambling website of yours that open again an investment offer. I have seen in gambling discussion thread asking users which gambling site that they can able to invest.
This announcement is something good, how about if you include this to your signature participant's personal text to get more attraction from possible investors. Indeed, that is only my personal and friendly advice. Cheers and kudos to your company.

[hatshepsut93]

Awesome, I immediately opened an investment as soon as I got email, I was waiting for such opportunity even since YOLOdice and other sites closed their investments. As I understand now, commission is no longer tied to profit, so investors would be paying it even if the players win, right? But, if I remember correctly, the commission used to be higher than 50% of the profit, so under the current rules investors can expect more profit in the long run.

[ethan_nx]

The commission used to be 35% of the profit before, but honestly since it was tied to the profit, it was quite unstable for us - most of the costs are wager-based. I think what we have now is a better solution.

I also hope that that the real site profit will be higher than expected 1%. In such case all the extra profit goes to investors. On the other hand, you are right - when players win the commission is still taken.

Cheers,
Ethan

[wontshrug]

is this serious, especially #5?