[letsdice.com] profit when your friends are also probably winning; and JACKPOT!

[FanEagle]

interesting project.

[dooglus]

What's with the "profit when your friends are also probably winning" line?  That seems misleading.

You profit when they bet, win or lose, right?

And since you have the biggest house edge around, they're more likely to be losing than on any other dice site.

Maybe change it to "your friends will probably lose but who cares because we'll give you your cut"?

[towtoad]

What's with the "profit when your friends are also probably winning" line?  That seems misleading.

You profit when they bet, win or lose, right?

And since you have the biggest house edge around, they're more likely to be losing than on any other dice site.

Maybe change it to "your friends will probably lose but who cares because we'll give you your cut"?

It's not misleading. Every word in that sentence is considerate.

I've updated the post with follows:

The House Edge: 1% or 1.98%?
The basic house edge of letsdice.com is 1.98% (Since we're trying to have both on-chain and off-chain mode, which is compatible to SD).

However, here's the main point: out of 1.98%, 0.48% goes to the JACKPOT (to players), and 0.5% goes to the players' referral rewards (to players). Therefore, in the end, the house only keeps 1%.

[joele]

Those who need Invitation link, click below, with free 1 BTC for testing

Click here to automatically enable your account to LetsDice.com

[David Chen]

What's with the "profit when your friends are also probably winning" line?  That seems misleading.

You profit when they bet, win or lose, right?

And since you have the biggest house edge around, they're more likely to be losing than on any other dice site.

Maybe change it to "your friends will probably lose but who cares because we'll give you your cut"?

It's not misleading. Every word in that sentence is considerate.

I've updated the post with follows:

The House Edge: 1% or 1.98%?
The basic house edge of letsdice.com is 1.98% (Since we're trying to have both on-chain and off-chain mode, which is compatible to SD).

However, here's the main point: out of 1.98%, 0.48% goes to the JACKPOT (to players), and 0.5% goes to the players' referral rewards (to players). Therefore, in the end, the house only keeps 1%.

Towtoad, it seems that you will buy all the left IPO shares up within 17 hours 

[conanmi]

new invitation link & get 1 free BTC for betting

https://letsdice.com/?invite_info=508.1379161535.50f83932e394bf5130fbab9a5c89545b

can PM me for more new link

[joele]

More new invitation links here

Click here to automatically enable your account to LetsDice.com

[michaelmclees]

Is the 1 BTC available for withdrawal after some betting?  Or is it a fake BTC?

[joele]

Need Invitation? Because the invitation link can only be used once, thus we compiled the links and share only the fresh new link.

Click here to automatically enable your account to LetsDice.com

[towtoad]

Is the 1 BTC available for withdrawal after some betting?  Or is it a fake BTC?

Right now it's a fake coin for testing.

[akabmikua]

All the people testing/betting now will still be there after launch or the site will reset?

I really want to be on the tree as high as possible.

[akabmikua]

The basic house edge of letsdice.com is 1.98% (Since we're trying to have both on-chain and off-chain mode, which is compatible to SD).

However, here's the main point: out of 1.98%, 0.48% goes to the JACKPOT (to players), and 0.5% goes to the players' referral rewards (to players). Therefore, in the end, the house only keeps 1%.

Wait so your telling me that the 0.48% (which amounts to a little less than 25% of the house take) of the pot goes to the Jackpot, which more than likely going to dusters playing your site for a sahosti, because the amount of rolls increases your chances of winning.

Then you telling me 0.5% (25% of house take) goes to the players referral rewards, namely the player who did the referral.

Then the 1% house take (50% of profits)

So lets say I refer Doog who decides to make a run at your pot and loses 200 BTC, I get 25% (50 BTC) of it with referrals, the Jackpot gets ~24.5% (49 BTC) and the house gets 50% (100 BTC)

If I was an investor I would be pissed, because they are taking the real chance of losses with investment and not truly reaping rewards, because imo it limits your inticement of playing with 2% -ev, this should also keep larger players away from your site, imo.

I actually get the whole referral system as this is usual in casino sportsbooks but at that rate its almost ridiculious imo.

Now for someone like me who rarely plays "dice" games I find a couple of dump big bankroll guys and send them to your site maybe its a good deal, or I might just run you bot on weeks on end till i roll XX.7777.

Imo if you change the 1.98% to 1.098% with jackpot at 0.0498% and refers at 0.05%, that actually attracts interest and whales wont see this as a disadvantage. 

**Unless of course someone makes the refers all to themselves, for larger players who did not get referred**

You missed one thing, to win the jackpot, your roll must have a bet of 0.1 BTC or higher. So, no dust bets will ever win it. (Read this on the site)

[joele]

All the people testing/betting now will still be there after launch or the site will reset?

I really want to be on the tree as high as possible.

Quote from letsdice forum, your test fund will reset but level position will retain.



Easy Invitation access to LetsDice.com

Click here to automatically enable your account to LetsDice.com

[Financisto]

I won the jackpot, though it's fake money...

What do you mean? Fake BTC? Or play money?

play money,absolutely...

Jackpot won and money that you can't put in your pocket, leave the house and bring it to home sounds no good at all!

I guess a FAQ explaining everything would clarify those issues...

Good luck Mr. operator.

[ghibly79]

The site is good and needs only some more minor polishing.

But at the moment withdrawals are taking WAY too long to be processed.

[mc1225]

Myself won't play with house edge > 1%.  Others might play, but together with your BOT, you are making players more easy to proof they are in disadvantage of 1.9% ... in long run, fewer and fewer players I doubt.

[ghibly79]

Rewards system seems to make up for it (will see when they will get actually credited).

(just in case -->  Invitation )

[FanEagle]

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