🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021

[Emitdama]

Trading and Gambling is obviously not the exactly the same thing, of course there are differences and mathematically speaking you could always become a good trader or you could just hold bitcoin for a very long time until you profit but gambling would always result with a loss if you continue for too long however you can't deny that even though there are differences between them, there are also a lot of similarities between them as well that makes them so much resembling each other.

Investing and trading also has one more common thing, you can invest into a casino, which means you become the house yourself and you have the house edge as well in your favor. So, investing is basically part of gambling as well, even if not the part from the gambler side, it is the part from the casino side, so it is all connected. Of course that is not trading, trading is something else, but it is definitely investment.

Also it is a very guaranteed investment most of the time as well, because you have the house edge working for you, all the gamblers are at a disadvantage when playing against you, so you end up with basically not losing too much unless some unexpected thing happens where a whale just wins max amount few times in a row to drop the investments profits.

[FIFA worldcup]

I have always said that there is a correlation between gamblers and investors as well, not that many gamblers can see it but many investors can see that. If you are an investor you are actually risking your money, you are saying that you would rather lose that money in investment and would like to see it not happening and instead making money but you are risking it.

What is the difference between that and playing dice? Not really that much to be honest with you. That is why I think investors know that deep inside they are gamblers as well, just not playing on provably fair and instead here you are the one that is getting the house edge as the investor. If you avoid playing and losing that investment, you could make above %10 per year very easily, but people would want more because of the risks involved.

Well, I think there is a big difference between gambling and investing. True, investing and gambling both involve taking a calculated risk. A chance taken after careful estimation of the most probable outcome.
But, when gambling, the house always has an edge - a mathematical advantage that a casino has over its players. Another key difference is that gamblers have fewer ways to mitigate losses than investors.

Well both of them are risky. If you invest in some scam scheme, your investment is gone forever. Sometimes even if we properly research before doing investment, even then we lost the money because we are unable to judge it properly.
Gambling is also risky but you always have a chance to start gambling with a low amount. You win some and lose some but again gambling is also not risk free.

[reliable]

I have always said that there is a correlation between gamblers and investors as well, not that many gamblers can see it but many investors can see that. If you are an investor you are actually risking your money, you are saying that you would rather lose that money in investment and would like to see it not happening and instead making money but you are risking it.

What is the difference between that and playing dice? Not really that much to be honest with you. That is why I think investors know that deep inside they are gamblers as well, just not playing on provably fair and instead here you are the one that is getting the house edge as the investor. If you avoid playing and losing that investment, you could make above %10 per year very easily, but people would want more because of the risks involved.

Well, I think there is a big difference between gambling and investing. True, investing and gambling both involve taking a calculated risk. A chance taken after careful estimation of the most probable outcome.
But, when gambling, the house always has an edge - a mathematical advantage that a casino has over its players. Another key difference is that gamblers have fewer ways to mitigate losses than investors.

Well both of them are risky. If you invest in some scam scheme, your investment is gone forever. Sometimes even if we properly research before doing investment, even then we lost the money because we are unable to judge it properly.
Gambling is also risky but you always have a chance to start gambling with a low amount. You win some and lose some but again gambling is also not risk free.

Nothing is risk free else everyone would have easily made money and become millionaire by now. It is the risk that drives the reward as well, but only thing we should be able to know how risk is it worth taking as against the rewards and that identification is the key which different each of us. Some can measure it and take decision wisely and others may not be able to take it. In terms of Yolodice, investing in bankroll is a good option as such site is very reputed and old the risk of returns will depend upon if site makes profits it will reward its investors.

[noormcs5]

Nothing is risk free else everyone would have easily made money and become millionaire by now. It is the risk that drives the reward as well, but only thing we should be able to know how risk is it worth taking as against the rewards and that identification is the key which different each of us. Some can measure it and take decision wisely and others may not be able to take it. In terms of Yolodice, investing in bankroll is a good option as such site is very reputed and old the risk of returns will depend upon if site makes profits it will reward its investors.

I also invested in the Yolodice bankroll and i feel my investment is safe. Another good thing about Yolo investment is that you do not have to deposit a lot in order to be eligible for the profits. If you have  0.001 BTC or  0.1 LTC or 2000 DOGE, you can participate in the scheme. Its worth a try.

[TheGreatPython]

I also invested in the Yolodice bankroll and i feel my investment is safe. Another good thing about Yolo investment is that you do not have to deposit a lot in order to be eligible for the profits. If you have  0.001 BTC or  0.1 LTC or 2000 DOGE, you can participate in the scheme. Its worth a try.

I feel like investment to a casino is just a no brainer if you trust the casino itself, I mean think about it you are putting your money to be defended by the house edge, how could you lose in the long run? There are two possible losses in this scenario, we are talking about either a big whale making a huge profit but thats short term and could be recouped eventually anyway so there is nothing wrong with it, or we are talking about a website just exit scamming and taking all your money and leaving.

It  means there is really not possible for yolodice to make you lose in the long run, you know you can trust this place. Mathematically you are going to make a profit 100% guaranteed thanks to house edge, it is just way too awesome for an investment chance and I really love it.

[Maus0728]

I've managed to verify my bets using the third party generator -- https://rgbkey.github.io/yolodice-verifier/#/ and is able to show the Server Secret.

Question is, what will be the difference if ever i created another seed? I understood that there is renewal of "Server Secret (hashed)", "Server Secret", "Client Seed" and number of previous bets. Other than that -- Is there any difference?

[Kiritsugu]

I've managed to verify my bets using the third party generator -- https://rgbkey.github.io/yolodice-verifier/#/ and is able to show the Server Secret.

Question is, what will be the difference if ever i created another seed? I understood that there is renewal of "Server Secret (hashed)", "Server Secret", "Client Seed" and number of previous bets. Other than that -- Is there any difference?

If you created another seed, the Client Seed will be whatever you set it to (or let it randomly assign), then the Server Secret(hashed)/(unhashed) will change together, and the Nonce (number of bets) will start over, rising again as you place bets.

So you are correct, only those 4 values change, nothing else.

[Maus0728]

I can't withdraw my referral earnings  



It says that "Sorry, the referral payout fund needs to be refilled. Check back after a while!"

Edit: Issue solved

[fullhdpixel]

I feel like investment to a casino is just a no brainer if you trust the casino itself, I mean think about it you are putting your money to be defended by the house edge, how could you lose in the long run? There are two possible losses in this scenario, we are talking about either a big whale making a huge profit but thats short term and could be recouped eventually anyway so there is nothing wrong with it, or we are talking about a website just exit scamming and taking all your money and leaving.

It  means there is really not possible for yolodice to make you lose in the long run, you know you can trust this place. Mathematically you are going to make a profit 100% guaranteed thanks to house edge, it is just way too awesome for an investment chance and I really love it.

Investing into a casino just because it has a house edge is not really a smart idea, investing into a casino because it is liked and used and wagered is a great idea.

You could know that house edge will make you a profit, but if there isn't much gambler in the casino you will be left with thousands of bitcoin all put in there from tens of thousands of people and there will be only a small number of people gambling since it is a bad casino and you will not be profiting at all, and since there is not that many big profits you are going to lose out on other places and other investments.

Yolodice is not like that of course, it is a great place that people do end up gambling, but that option is always out there with some bad casinos so you should be careful, just because there is house edge doesn't mean there are gamblers.

[leea-1334]

Sorry,,, I did not see your response to my post. I was referencing the period of weekly investments during my post. It went down, then I divested and gambled back to win it all,,, then invested back in. I do this every week around Wednesday to Friday. A week after that, I was all in profit.

But regardless, my All time stats are in profit. We all start in different times?

You did gambled your money to win back your investment amount which went down/dropped in every week? does that sound like "investing in yolodice always ended up with losing"?

Sorry,,, this is not what I meant. And if you read my previous post you would see that I said I was in profit:)

What I meant is that every week, in the middle of the week, I check my investments. If it is down, I divest and gamble back to win. Yes, it is stupid I should not do that but taking advantage of no dilution fee:)

All time, my stats are in profit.

And today, from last Thursday until now, profit on BTC is 8.4%++ Somebody lost big time it seems.

[Kiritsugu]

Sorry,,, I did not see your response to my post. I was referencing the period of weekly investments during my post. It went down, then I divested and gambled back to win it all,,, then invested back in. I do this every week around Wednesday to Friday. A week after that, I was all in profit.

But regardless, my All time stats are in profit. We all start in different times?

You did gambled your money to win back your investment amount which went down/dropped in every week? does that sound like "investing in yolodice always ended up with losing"?

Sorry,,, this is not what I meant. And if you read my previous post you would see that I said I was in profit:)

What I meant is that every week, in the middle of the week, I check my investments. If it is down, I divest and gamble back to win. Yes, it is stupid I should not do that but taking advantage of no dilution fee:)

All time, my stats are in profit.

And today, from last Thursday until now, profit on BTC is 8.4%++ Somebody lost big time it seems.

Yes, someone lost ~22 BTC a couple days ago. :/

[pokeronlinestatus]

Investing into a casino just because it has a house edge is not really a smart idea, investing into a casino because it is liked and used and wagered is a great idea.

You could know that house edge will make you a profit, but if there isn't much gambler in the casino you will be left with thousands of bitcoin all put in there from tens of thousands of people and there will be only a small number of people gambling since it is a bad casino and you will not be profiting at all, and since there is not that many big profits you are going to lose out on other places and other investments.

Yolodice is not like that of course, it is a great place that people do end up gambling, but that option is always out there with some bad casinos so you should be careful, just because there is house edge doesn't mean there are gamblers.

When you look at it, the investment is usually going hand in hand with the wagering as well, the more wagering there is the more gambling there will be is a wrong train of thought but the more wagering there is the more investing there will be make sense and usually happens.

The main reasons for something like that would be to actually investors seeing that there is money to be made there, when the wagering goes up, the profits go up and when there is 100 bitcoins invested, that 100 coins are getting all the profit and a big amount, but when others want a share of that, they invest another 900 and make it a total of 1000 and that means 10% of the originals make the bankroll and everyone gets smaller share of profits but at least they do. Hence I think there is no website with very low wagering but a huge amount of investors.

[SUPREMOCOC]

Could it be possible to choose the fee? I don't mind to wait for days if necessary but having to pay 8 dollars for a batch withdrawal sounds awkward.

[rawdog11]

Could it be possible to choose the fee? I don't mind to wait for days if necessary but having to pay 8 dollars for a batch withdrawal sounds awkward.

No it's not.

I'll do my best to make a long story short and explain it to the best of my ability, but YD is essentially one giant wallet. The tx's are processed in order that they are input. If "User A" would select a tx fee of 1sat/byte their transaction would take FOREVER to process. "User B" comes along and wants their btc off, they select of fee of 200 sat/byte but are second in queue. The transaction for "User B", while a higher fee, is stuck in line behind "User A" and their low fee. This would cause a clogging up of the transactions trying to process.

The way ethan has it set up is that it dynamically averages the costs of the most recent few blocks to ensure that the transactions will process in something like like the next 3 blocks (i don't know the algorithm he uses exactly). This significantly reduces the risk of causing a backlog of transaction trying to move off the wallet.

[nakamura12]

The way ethan has it set up is that it dynamically averages the costs of the most recent few blocks to ensure that the transactions will process in something like like the next 3 blocks (i don't know the algorithm he uses exactly). This significantly reduces the risk of causing a backlog of transaction trying to move off the wallet.

Hello rawdog, is ethan have spare time to look into my account?. I'll send you my account's details and withdrawal address that I fill in the site. I don't have control of my wallet so I cannot use it to set up my account in case I forgot my password. Please let me know if you have time to ask ethan.

[darewaller]

You did gambled your money to win back your investment amount which went down/dropped in every week? does that sound like "investing in yolodice always ended up with losing"?

Sorry,,, this is not what I meant. And if you read my previous post you would see that I said I was in profit:)

What I meant is that every week, in the middle of the week, I check my investments. If it is down, I divest and gamble back to win. Yes, it is stupid I should not do that but taking advantage of no dilution fee:)

All time, my stats are in profit.

It must be basically not losing anything but earning all the time if you are lucky with the divest and gamble method, however that also sounds like it is as risky as it gets. Instead of making a profit, you are risking to lose everything you have in order to save some more profit. In the end casino always wins and your investment will win as well, why risk it when you could just focus on making profit without touching it. I rather make smaller profit over bigger profit if it means smaller profit is guaranteed and the bigger profit is not guaranteed at all.

You are not investing by this logic, you are gambling with basically free money, up until that free money runs out and it starts to chip away from your own money, one bad horrible streak of losses and you are out. You should be very careful.

[Chikito]

The way ethan has it set up is that it dynamically averages the costs of the most recent few blocks to ensure that the transactions will process in something like like the next 3 blocks (i don't know the algorithm he uses exactly). This significantly reduces the risk of causing a backlog of transaction trying to move off the wallet.

Hello rawdog, is ethan have spare time to look into my account?. I'll send you my account's details and withdrawal address that I fill in the site. I don't have control of my wallet so I cannot use it to set up my account in case I forgot my password. Please let me know if you have time to ask ethan.

Why you don't asking Ethan self?, Just PM his here and send your detail to official admin or support; support@yolodice.com

[panjul07]

The way ethan has it set up is that it dynamically averages the costs of the most recent few blocks to ensure that the transactions will process in something like like the next 3 blocks (i don't know the algorithm he uses exactly). This significantly reduces the risk of causing a backlog of transaction trying to move off the wallet.

Hello rawdog, is ethan have spare time to look into my account?. I'll send you my account's details and withdrawal address that I fill in the site. I don't have control of my wallet so I cannot use it to set up my account in case I forgot my password. Please let me know if you have time to ask ethan.

Can you login at the moment? If you can, I think you can change your master address.
From what you say "in case I forgot my password", so I assume that you are still able to login into your account.
If I were you, I would prefer to use the way of login using username and password than using the master address.
Username and password combined with 2fa is easier than using master address where you need to sign a message.

[fullhdpixel]

The way ethan has it set up is that it dynamically averages the costs of the most recent few blocks to ensure that the transactions will process in something like like the next 3 blocks (i don't know the algorithm he uses exactly). This significantly reduces the risk of causing a backlog of transaction trying to move off the wallet.

I believe dynamic system for fee's are always better because there are tons of places that charges a ton of money no matter what and they are basically screwing everyone over because they calculate from the biggest prices in order to never lose money and that is why I believe there is this weird thing about making profit off withdrawals for a casino is somehow "fine" but when they lose money it is a "big deal" suddenly. That is why what Ethan is doing is fine, he is at least making sure that he doesn't lose money but we do not lose money neither, that way everyone is fine.

Yet there is still a bit more wiggle room, people may want to pay more so they can get it on the next block if it is possible or they might be fine to wait 10 hours for it, giving them that option would be cool as well.

[Maus0728]

Yet there is still a bit more wiggle room, people may want to pay more so they can get it on the next block if it is possible or they might be fine to wait 10 hours for it, giving them that option would be cool as well.

As far as I know, we already have that type of withdrawal, the only downside is that users are unable to manually adjust the transaction fees due to the possibility of having a backlog of transaction when someone withdrew their funds with a too little amount of sats/vbyte.

Users can still be able to put a larger amount of tx fees to be confirmed in the next few blocks as soon as possible if he uses the "Instant Withdrawal" function which is very much unlike in terms of choosing "batch withdrawals". As per my experience, using batch withdrawals took me around 3-5 hours of waiting time depending on the number of people withdrawing their funds out of YOLOdice wallet, pending tx in mempool or the unavailability of funds in their hotwallet.