🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021

[leea-1334]

Unfortunately to the investors in the yolodice world there are people who are looking like they earn a ton, we had a big win just recently once again wiping out months of profit as well. Sometimes things just do not fall into their places. However remember we are talking about same could happen to other direction as well, some day some rich person could lose a ton at the same time.

Well,,, I think people being able to win big at a casino is always a good advertisement for the brand, and no more so than for a dice site where you can win big amounts of crypto and get paid with no KYC and no questions asked. The big wins feel bad at the time for investors because profit is wiped out as you say,,, but for the long run it is a great advertisement that will bring in even more bets. I am very happy with YD investment performance long term.

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[TheGreatPython]

Unfortunately to the investors in the yolodice world there are people who are looking like they earn a ton, we had a big win just recently once again wiping out months of profit as well. Sometimes things just do not fall into their places. However remember we are talking about same could happen to other direction as well, some day some rich person could lose a ton at the same time.

Well,,, I think people being able to win big at a casino is always a good advertisement for the brand, and no more so than for a dice site where you can win big amounts of crypto and get paid with no KYC and no questions asked. The big wins feel bad at the time for investors because profit is wiped out as you say,,, but for the long run it is a great advertisement that will bring in even more bets. I am very happy with YD investment performance long term.

People also do not check out gamblers who lose a ton as well, after someone winning a ton, there was a person (or maybe same person) who lost a ton as well, which means the profits were back on track. You can actually keep track of people earning or losing and you can see that in 2 months some people made over 10% in profit, you could get out at that point and you would be in profit as well. However they are continuing to invest as well, so they are still there and still making profit, eventually it will be 20% and then 30%.

Obviously that requires patience and there will be times when their profits are lower and go down because someone won big, but that doesn't change the fact that in the long run they are profiting and will keep on doing so. Picking a great place like yolodice who also has a lot of wagerers is a dream for investors.

[andycarrol]

I'm not really that smart in computing profits or estimated profit but I'm interested on investing on yolodice for let's say 0.05BTC (example) that would result for example of 0.0012% share (just example as well) all I have to do is to multiply 0.000012 to expected site profit right? so for example the site profit is 500BTC then I would have a 0.006BTC profit? Am I right?

[arallmuus]

I'm not really that smart in computing profits or estimated profit but I'm interested on investing on yolodice for let's say 0.05BTC (example) that would result for example of 0.0012% share (just example as well) all I have to do is to multiply 0.000012 to expected site profit right? so for example the site profit is 500BTC then I would have a 0.006BTC profit? Am I right?

You dont multiply it to the site's expected profit but rather on the actual profit. Expected profit is what the site's supposed to be making but rather in actual , it would be different from the expected profit so it could be either higher or lower

The bankroll is not going to increase by 500 btc if a player lose 500 btc on yolodice. There is a 0.5% commission from each wagered amount. So if a player lose 500 btc after wagering 2000 btc on the site's that means the bankroll will increase by 490 btc

0.5% ^ 2000 btc = 10 btc which is taken from the bankroll regardless if investors are making money or losing it. So you would be getting your share of those 490 btc in accordance to your percentage of the whole bankroll 

[btcdice.org]

I open a thread about my investment of DOGE on YOLO (weekly updates):

https://bitcointalk.org/index.php?topic=5268481

Investment opened: 2020-July-04

Amount: 100,000 DOGE

[andycarrol]

I'm not really that smart in computing profits or estimated profit but I'm interested on investing on yolodice for let's say 0.05BTC (example) that would result for example of 0.0012% share (just example as well) all I have to do is to multiply 0.000012 to expected site profit right? so for example the site profit is 500BTC then I would have a 0.006BTC profit? Am I right?

You dont multiply it to the site's expected profit but rather on the actual profit. Expected profit is what the site's supposed to be making but rather in actual , it would be different from the expected profit so it could be either higher or lower

The bankroll is not going to increase by 500 btc if a player lose 500 btc on yolodice. There is a 0.5% commission from each wagered amount. So if a player lose 500 btc after wagering 2000 btc on the site's that means the bankroll will increase by 490 btc

0.5% ^ 2000 btc = 10 btc which is taken from the bankroll regardless if investors are making money or losing it. So you would be getting your share of those 490 btc in accordance to your percentage of the whole bankroll 

I know it now I thought that it is that just simple. Thank you for this detailed explanation I just recently found that there's an investment FAQ on their website but this reply of yours sums up everything wish me a good luck on my investment.

[SquallLeonhart]

People also do not check out gamblers who lose a ton as well, after someone winning a ton, there was a person (or maybe same person) who lost a ton as well, which means the profits were back on track. You can actually keep track of people earning or losing and you can see that in 2 months some people made over 10% in profit, you could get out at that point and you would be in profit as well. However they are continuing to invest as well, so they are still there and still making profit, eventually it will be 20% and then 30%.

Obviously that requires patience and there will be times when their profits are lower and go down because someone won big, but that doesn't change the fact that in the long run they are profiting and will keep on doing so. Picking a great place like yolodice who also has a lot of wagerers is a dream for investors.

I think it does make sense that the casino itself is getting money as well but for the life of me I never really understood the point of casino making profit even if the gamblers wins money, how did they justify that do you know? I get that if the gamblers lose money the investors profit and from that profit casino takes their cut and that makes 100% sense, that is how it is everywhere in the whole world.

However I do not remember any place that takes money from investors if the gambler wins money, that doesn't really make any sense to me if you ask me. Still even with that knowledge, the investors are profiting and profiting very well too, so I think it works out for the investor in the long run, I can't say that it is a failed situation since everyone profits.

[arallmuus]

I think it does make sense that the casino itself is getting money as well but for the life of me I never really understood the point of casino making profit even if the gamblers wins money, how did they justify that do you know? I get that if the gamblers lose money the investors profit and from that profit casino takes their cut and that makes 100% sense, that is how it is everywhere in the whole world.

The site provide decent traffic for the investor, manages the site, safekeeping all those invested bankroll as well as ensuring that there isnt any foul play that would disadvantage their investor . All that are definitely not free and some sites put up those commission charges upon every wagered amount . Think of it as a fee that needs to be paid by investor that want to put up investment on their site

However I do not remember any place that takes money from investors if the gambler wins money

There's alot , I can list few down. The original moneypot was probably the first that implemented this and then there is bustabit/bustadice as well. Of course this stuff probably wont attract any potential investor unless the site is popular and could attract tons of players

[YOLO_LIFE]

Here are my investment stats after 110 days of investment.

someone got lucky(not just lucky, super lucky) and won around 5000+ ltc :/

5100 LTC → 340374.00000000 USD

[Timetwister]

How is that possible, was the player targetting and hitting the max profit all the time?

[snipie]

How is that possible, was the player targetting and hitting the max profit all the time?

Since his stats is hidden it is hard to know every bet and the trends but as far as I could find, I see that he was using x2 chance (probability win of 49.5 %) and betting with 18-21 LTC each time.
You can check those bets in the site: 8477729902, 8477730772, 8477732799, 8477734226...
Edit: after checking more stats, I see that he has bets with 78, 75 LTC, so probably he was targeting the max profit each time!

[glowing10]

Lucky guy till he gets busted because if he is still continuing to bet with so much profits already made might even lose in the end just like what happened last time with the person who won in btc and then lose big time. Same might happen here as well also just thinking what is making him to continue when he has won such a huge qty already.

[coingamblingreviews]

Wow I have never seen a bankroll get murdered like the LTC bankroll just did - and there is no leverage. Insane!

[perla]

Wow I have never seen a bankroll get murdered like the LTC bankroll just did - and there is no leverage. Insane!

I never seen this kind of winnings before, it's really a huge amount of LTC before a whale loses a huge amount and now I think whales are getting back to get their losses. Well I hope I can be a whale someday.

[coingamblingreviews]

Wow I have never seen a bankroll get murdered like the LTC bankroll just did - and there is no leverage. Insane!

I never seen this kind of winnings before, it's really a huge amount of LTC before a whale loses a huge amount and now I think whales are getting back to get their losses. Well I hope I can be a whale someday.

And now its up circa 20%. Some massive betting going on - Really cool to watch!

[coinfinger]

Wow I have never seen a bankroll get murdered like the LTC bankroll just did - and there is no leverage. Insane!

I never seen this kind of winnings before, it's really a huge amount of LTC before a whale loses a huge amount and now I think whales are getting back to get their losses. Well I hope I can be a whale someday.

And now its up circa 20%. Some massive betting going on - Really cool to watch!

I guess dude was just plain old lucky, there is really not that much to say about it. This is the rare risk of investment because if you lose this much, recovering back from it will take time, if you make the profit first and lose it later that wouldn't really be too much, think of it like this, you have 100 bucks invested, it goes up to 300 bucks, then you lose 200 bucks, now at that point you lost a lot but you have 100 bucks like you started, that is why I think this is the worst version.

Plus 5000+ litecoin is not really something that is simple, there must have been some strategy involved as well, that person doesn't look like he is something who just got lucky only and nothing else, he looks like someone who knows about gambling and strategies. Let's hope he is not just a hacker who found a loophole to win back to back.

[kolloh]

It should have been hard to win so much as the max bet would be shrinking as he won. That should have slowed down the win rate as it dropped, yet he still managed to win 4600.

[rawdog11]

It should have been hard to win so much as the max bet would be shrinking as he won. That should have slowed down the win rate as it dropped, yet he still managed to win 4600.

But max bet profit to start was up near 78 LTC I believe. It was down as low as 15 but is now back up to 32 because some one has been losing.

[Timetwister]

It should have been hard to win so much as the max bet would be shrinking as he won. That should have slowed down the win rate as it dropped, yet he still managed to win 4600.

Exactly, that's why it's so impressive. It's like they have been targetting max profit and consistently winning (so I guess he was making big bets with a high probability of winning).

[slaman29]

Wow I have never seen a bankroll get murdered like the LTC bankroll just did - and there is no leverage. Insane!

I never seen this kind of winnings before, it's really a huge amount of LTC before a whale loses a huge amount and now I think whales are getting back to get their losses. Well I hope I can be a whale someday.

And now its up circa 20%. Some massive betting going on - Really cool to watch!

It's really crazy to see where these altcoin whales go sometimes. I always wondered why they don't just stick to one place that pays out, since that's generally what I do (trust, loyalty?), but I guess most gamblers are a bit superstitious and move on when they feel their hot streak has ended... which seems to be the case for this guy. LTC bankroll got fat, how low did it go when it was murdered?