EveryDice.com | More than 150% in 36 days, true story!

[Timetwister]

Everydice, you should post more information about wagered, like a history of how much has been wagered per day (like Just Dice does), so investors can estimate their expected profit.

And I don't understand how this part works, could you give an example for a won and a lost bet?: "Small percentage of wagered amount is used as referral bonus when player with referral make a bet. This helps Everydice get more players and more bets in the long run, thus also speed up the investment gain for the investors."

[everydice]

Everydice, you should post more information about wagered, like a history of how much has been wagered per day (like Just Dice does), so investors can estimate their expected profit.

And I don't understand how this part works, could you give an example for a won and a lost bet?: "Small percentage of wagered amount is used as referral bonus when player with referral make a bet. This helps Everydice get more players and more bets in the long run, thus also speed up the investment gain for the investors."

Hi Timetwister, thanks for your feedback. We agree with you that it is important feature and will be added soon, end of week at the latest

Sure, it is a referral bonus feature that reward referrer 0.1% based on the wagered / bet amount. Let say:

• Investor A has 10% investment of bankroll
• Player B is referred by Referrer C
• Player B place 1 BTC wagered / bet amount with 2x payout
• In case Player B lost (site won), then site's profit will be 1 BTC. Investor A's investment will grows 10% * 1 BTC = 0.1BTC
• Or, in case Player B won (site lots), then site's profit will be -1 BTC. Investor A's investment will shrink 10% * -1 BTC = -0.1 BTC
• Referrer C got 0.1% * 1 BTC = 0.001 BTC from the bankroll as invesment
• Investor A's investment will shrink 10% * 0.001 BTC = 0.0001 BTC. This is small compared to Investor A's expected profit from this bet = 0.99% House Edge * 10% * 1 BTC = 0.00099 BTC

Hopefully this example explains the calculation

[Timetwister]

I see, so the referral fee comes always from the bankroll, even when the player wins a bet. Therefore investors profit is 0.89%, minus promotions like the Hourly Giveaway. So for example, if 10BTC are wagered per day and 0.024 given as prizes for that promotion, investor's expected profit is 0.089-0.024=0.065; 0.65% of what is wagered.

[everydice]

I see, so the referral fee comes always from the bankroll, even when the player wins a bet. Therefore investors profit is 0.89%, minus promotions like the Hourly Giveaway. So for example, if 10BTC are wagered per day and 0.024 given as prizes for that promotion, investor's expected profit is 0.089-0.024=0.065; 0.65% of what is wagered.

Hi Timetwister, you are right about the referral fee, it will be about 0.89%. However, EveryDice doesn't take anymore fee (ED will profits from unreferred player) and the Hourly Giveaway is not taken from the bankroll

[Timetwister]

I see, so the referral fee comes always from the bankroll, even when the player wins a bet. Therefore investors profit is 0.89%, minus promotions like the Hourly Giveaway. So for example, if 10BTC are wagered per day and 0.024 given as prizes for that promotion, investor's expected profit is 0.089-0.024=0.065; 0.65% of what is wagered.

Hi Timetwister, you are right about the referral fee, it will be about 0.89%. However, EveryDice doesn't take anymore fee (ED will profits from unreferred player) and the Hourly Giveaway is not taken from the bankroll

If those 0.024BTC are yours, then you are at least temporarily losing money. Your maximum profit is 0.1% (0 to 0.1%, depending on what percentage of the wagered amount is made by referred players), so from 10BTC you just get 0.01BTC. Is that correct? It's a very small loss in absolute terms that makes sense only if you want to encourage more betting in the future. You need at least BTC24 wagered per day to break even, not taking into account any other cost (that's considering that you aren't an investor).

[everydice]

I see, so the referral fee comes always from the bankroll, even when the player wins a bet. Therefore investors profit is 0.89%, minus promotions like the Hourly Giveaway. So for example, if 10BTC are wagered per day and 0.024 given as prizes for that promotion, investor's expected profit is 0.089-0.024=0.065; 0.65% of what is wagered.

Hi Timetwister, you are right about the referral fee, it will be about 0.89%. However, EveryDice doesn't take anymore fee (ED will profits from unreferred player) and the Hourly Giveaway is not taken from the bankroll

If those 0.024BTC are yours, then you are at least temporarily losing money. Your maximum profit is 0.1% (0 to 0.1%, depending on what percentage of the wagered amount is made by referred players), so from 10BTC you just get 0.01BTC. Is that correct? It's a very small loss in absolute terms that makes sense only if you want to encourage more betting in the future. You need at least BTC24 wagered per day to break even, not taking into account any other cost (that's considering that you aren't an investor).

Hi Timetwister, yup that's correct, we definitely aim for bigger wager amount per day and it is also ok for us to not getting profit in the beginning. However, currently some part of the investment is also ours, so we get little more profit from it

[everydice]

6 March Update:

Overall profit is now shown in the stats tab, we also add luck meter to make it more engaging to the players



The site is now been running for 14 days and have 125+ BTC wagered. Our current site's stat is 9 BTC wagered per day. This is ~16+% of bankroll (55 BTC) per day average since launch date. Please also note that there were very small wagered amount in the early days.

Hopefully this can attract more investor

[ecto]

is this site down?

[uptweets]

seems it's under attack.

[everydice]

is this site down?

Hi Ecto, sorry for the inconvenience, our team is currently working to fix this and already got a light on this issue Please be patient.

seems it's under attack.

Thanks for the info uptweets

[everydice]

is this site down?

Hi Ecto, sorry for the inconvenience, our team is currently working to fix this and already got a light on this issue Please be patient.

seems it's under attack.

Thanks for the info uptweets

The site is already up and healthy again in 2.5 hours after the attack

[everydice]

UPDATE 9 March 2014:
Player can now play instantly without registration!
No more registration wall

[thecoinjournal]

UPDATE 9 March 2014:
Player can now play instantly without registration!
No more registration wall

This is HUGE news, thank you very much!

[Timetwister]

Everydice, you should post more information about wagered, like a history of how much has been wagered per day (like Just Dice does), so investors can estimate their expected profit.

And I don't understand how this part works, could you give an example for a won and a lost bet?: "Small percentage of wagered amount is used as referral bonus when player with referral make a bet. This helps Everydice get more players and more bets in the long run, thus also speed up the investment gain for the investors."

Hi Timetwister, thanks for your feedback. We agree with you that it is important feature and will be added soon, end of week at the latest

Waiting for that feature

[everydice]

UPDATE 9 March 2014:
Player can now play instantly without registration!
No more registration wall

This is HUGE news, thank you very much!

Your welcome

Everydice, you should post more information about wagered, like a history of how much has been wagered per day (like Just Dice does), so investors can estimate their expected profit.

And I don't understand how this part works, could you give an example for a won and a lost bet?: "Small percentage of wagered amount is used as referral bonus when player with referral make a bet. This helps Everydice get more players and more bets in the long run, thus also speed up the investment gain for the investors."

Hi Timetwister, thanks for your feedback. We agree with you that it is important feature and will be added soon, end of week at the latest

Waiting for that feature

Hi Timetwister,

Ah, you remember . You can see our daily wager at https://everydice.com/wagered.txt. This is only temporary and not automatically updated The development for automatic update is still in our roadmap.

[everydice]

Max Win is now above 0.6 BTC Thanks to the new investors

[everydice]

Good news for investors, by 15 March 2014 we add extra security layer for our investors.
Google Authenticator two-factor authentication is now available in EveryDice

[mattyon9]

Hey I'm unable to withdraw my BTC even though I have enough to satisfy the fee. Says "Cannot process your withdrawal request. Please make sure that your input is valid and your balance is sufficient or try again in a few minutes."

[everydice]

Hey I'm unable to withdraw my BTC even though I have enough to satisfy the fee. Says "Cannot process your withdrawal request. Please make sure that your input is valid and your balance is sufficient or try again in a few minutes."

Hi Matthew, sorry for the inconvenience. However we saw you already successfully made a withdrawal If it is withdrawal time limitation then you can wait for a moment.

[Timetwister]

Hi Timetwister,

Ah, you remember . You can see our daily wager at https://everydice.com/wagered.txt. This is only temporary and not automatically updated The development for automatic update is still in our roadmap.

I see that lots of bitcoins have been wagered. Good job, and don't forget to automatically update that txt