Dice-Bet 🎲 0.7% Edge | Wagering Competition | BTC, LTC, ETH | Play or Invest 🎲

[Dice-Bet]

The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.

Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend

Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee.

I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come.

yeah true I didn't say it's not reasonable , it's still good
but if things went as planned and the site became really popular then I guess the same scenario that happened with the other sites will happen which is a site having really big bankroll without getting enough daily wagers so this should reduce the roi for investors , I may be wrong tho

but at the moment it's really great with low bankroll since profit/loss are noticeable daily , dicebet is the first site that made me check it once every couple of hours or so since bankroll is really moving  

haha some of the swings are big. When the LTC bankroll jumped +15LTC profit yesterday someone was live streaming and they were +/-25% (with their 50x leveraged investment) over a matter of minutes before coming out up +25%.

The leverage plus smaller bankroll at the moment is very interesting!

[1715559116]

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[1715559116]

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[BTCevo]

The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.

Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend

Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee.

I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come.

I do not know who is your competitor but if in the future the site goes well then you should really take this into your consideration. With 50x leverage and fast profit, I think investors will be able to invest more and they will get their investment back in no time

25% for developing site and promotion is a little bit too much? I do not saying it is wrong but just in case site has a lot of traffic then everything should be adjusted

[Dice-Bet]

The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.

Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend

Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee.

I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come.

I do not know who is your competitor but if in the future the site goes well then you should really take this into your consideration. With 50x leverage and fast profit, I think investors will be able to invest more and they will get their investment back in no time

25% for developing site and promotion is a little bit too much? I do not saying it is wrong but just in case site has a lot of traffic then everything should be adjusted

Noted - when we get to that stage we can look at it again

[HiDevin]

The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.

Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend

Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee.

I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come.

I do not know who is your competitor but if in the future the site goes well then you should really take this into your consideration. With 50x leverage and fast profit, I think investors will be able to invest more and they will get their investment back in no time

25% for developing site and promotion is a little bit too much? I do not saying it is wrong but just in case site has a lot of traffic then everything should be adjusted

I don't get the people saying 25% is too much to be honest. If the house edge was like 1.5% and it was 25% I mean it would be too much. But like at the other competition...

Dice-Bet: 25% commission 0.7% House Edge, Highest Leverage 50x

Yolodice: 35% commission 1% House Edge, Highest Leverage 10x

Bustabit: ?? ( 19.1% rn ) commission 1% House Edge, Highest Leverage 3x or 2x < -- I'm pretty sure.

Bustadice: Same thing as Bustabit I think.

Crypto-games: 30% Commission 0.7% House Edge, Highest Leverage 1x leverage.

Bitvest: 30-33% Commission 1% House Edge, Highest Leverage 50x leverage.

Am I forgetting anything that's open for investors, and anything that is lower than that?

[RGBKey]

Agreed, 25% is not too much. 25% of such a small house edge is tiny to begin with. It just feels like a lot, but it should be compared with the actual returns.

[Barcode_]

To my knowledge, this site does not charge the investors any divest fee if their investment is not in positive profits, so the divest fee of 25% charged from the investment profits are still reasonably acceptable for some investors.

[earnadoge]

After two weeks playing, and investing, divesting, depositing and withdrawing, I am very happy.  It's very fast and didn't take me long to make 4000 bets manually, and autobot is still very fast.  High leverages work extremely well, and is great for someone who wants to gamble with an edge, as it can get risky.  Low leverages also work extremely well, and will pick up profits more as high leverages get depleted.  Admin is super chill, and it's a great place to chat in the morning and play some dice.  Also action is certainly picking up, and litecoin bank is growing quickly.  I'm getting better gameplay here than at bigger sites, and provably fair system is superb. 

[Betwrong]

shame that there is no faucet or a small starting balance so people can try the site

Thanks for the feedback, for the first people who visit the site I will tip them some BTC, ETH or LTC

That's a nice move for a new site. Indeed it's better to tip people in the chat rather than giving an opportunity to malicious bots to exploit your faucet.

Btw, I've registered on the site and I think it looks nice in both, the day and the night mode. Also it's good that there's a warning after you hit the MAX button, only I would eliminate the "Don't ask me again" option. It's not that often people decide to go all-in, so it's always better to make them to think twice.

[coingamblingreviews]

I tried the 50x leverage investment yesterday with LTC. However, I only used a tiny amount 

It is up nearly 50% in ONE DAY

[Dice-Bet]

Thanks for all the feedback everyone! We are taking it all onboard and making upgrades/changes based on it.

To my knowledge, this site does not charge the investors any divest fee if their investment is not in positive profits, so the divest fee of 25% charged from the investment profits are still reasonably acceptable for some investors.

That is correct.

[Betwrong]

I had an opportunity to check how the site works. So I did. Here’s some results of my examination:

1. The house edge is really small, 0.7%. For example it means that you have 49.65% win chance on 2x payout.

2. The speed of AUTO betting is very high compared to that in many other dice sites. Since I knew it may vary from time to time, I checked during different time spans.

Rolls made_/_Seconds taken
_200______/__30
_400______/__64
1000______/_144
1000______/_145
1000______/_144
1000______/_143

4600 : 670 = 6.87 (rolls per second)

I know 4-5 rolls per second would be no wonder, but almost 7 rolls per second is really impressive.

3. Maybe not that important but still as I’ve noticed it, I’ll report it. In AUTO I wrote the number 2 in the box, here’s how it looked:



Same goes for the “On win” box. If it’s not only me, maybe you guys should fix it.

Overall I have a good impression of the site and I definitely will be back.

[Dice-Bet]

I had an opportunity to check how the site works. So I did. Here’s some results of my examination:

1. The house edge is really small, 0.7%. For example it means that you have 49.65% win chance on 2x payout.

2. The speed of AUTO betting is very high compared to that in many other dice sites. Since I knew it may vary from time to time, I checked during different time spans.

Rolls made_/_Seconds taken
_200______/__30
_400______/__64
1000______/_144
1000______/_145
1000______/_144
1000______/_143

4600 : 670 = 6.87 (rolls per second)

I know 4-5 rolls per second would be no wonder, but almost 7 rolls per second is really impressive.

3. Maybe not that important but still as I’ve noticed it, I’ll report it. In AUTO I wrote the number 2 in the box, here’s how it looked:



Same goes for the “On win” box. If it’s not only me, maybe you guys should fix it.

Overall I have a good impression of the site and I definitely will be back.

Thanks for stopping by and doing some in-depth analysis on DiceBet!

Will get that design bug looked at too

[Dice-Bet]

Affiliate page added - https://dice-bet.com/referrals

Affiliate page was updated today so that it shows your unique referral code (not the generic example).

[Dice-Bet]

Dice-Bet litecoin leaderboard has seen some massive action in the last hour for the wagering competition  

[Dice-Bet]

DiceBet weekly update:

[Mirae]

DiceBet weekly update:

still in the btc leaderboard, cool 

[Dice-Bet]

DiceBet weekly update:

still in the btc leaderboard, cool 

And ETH

[Mirae]

The site has now above 3 000 000 bets !

For a 2 weeks old website that really nice !

[Betwrong]

I have a question about your Monthly Wagering Competition. I saw in other thread that

Total Prize Pool of up to 2.1 BTC, 21 ETH & 115 LTC!

and regarding prizes (let's talk just about BTC because the percentage is the same for other coins):

--------------------->Bitcoin Wagering Contest prize:<---------------------

★  Contest Place - Reward % - Maximum Reward ★

1 - 0.2% of the players total wager - 1 BTC
2 - 0.17% of the players total wager - 0.5 BTC
3 - 0.14% of the players total wager - 0.3 BTC
4 - 0.12% of the players total wager - 0.2 BTC
5 - 0.1% of the players total wager - 0.1 BTC

Don't you think that the prizes are too small to attract players? I mean, if I understand it correctly, someone taking the first place will receive 100k satoshis in case of wagering 0.5 BTC. And if it will be the 5th place then the prize will be just 50k satoshis for the same amount wagered. I'm talking about 0.5 BTC because the most wagered by a player is 0.26 BTC as of now and it's been two weeks since the competition has started.

I mean what's the point of talking about the Total Prize Pool if it's obvious that the first prize will not be even close to 1 BTC? If you are saying about what is your Total Prize Pool then the rewards should be related to that and not to the player's total wager.

Besides, although your House Edge is small, 0.7%, it is most likely what a player will lose wagering any amount. And since your top prize is more than 3 times smaller than that, it doesn't look like a promotion.

P.S. I just reread my post and I think it may appear rude, for which I'm sorry, I didn't mean to offend you. I meant to be helpful and maybe to clarify something for myself.

[HiDevin]

I have a question about your Monthly Wagering Competition. I saw in other thread that

Total Prize Pool of up to 2.1 BTC, 21 ETH & 115 LTC!

and regarding prizes (let's talk just about BTC because the percentage is the same for other coins):

--------------------->Bitcoin Wagering Contest prize:<---------------------

★  Contest Place - Reward % - Maximum Reward ★

1 - 0.2% of the players total wager - 1 BTC
2 - 0.17% of the players total wager - 0.5 BTC
3 - 0.14% of the players total wager - 0.3 BTC
4 - 0.12% of the players total wager - 0.2 BTC
5 - 0.1% of the players total wager - 0.1 BTC

Don't you think that the prizes are too small to attract players? I mean, if I understand it correctly, someone taking the first place will receive 100k satoshis in case of wagering 0.5 BTC. And if it will be the 5th place then the prize will be just 50k satoshis for the same amount wagered. I'm talking about 0.5 BTC because the most wagered by a player is 0.26 BTC as of now and it's been two weeks since the competition has started.

I mean what's the point of talking about the Total Prize Pool if it's obvious that the first prize will not be even close to 1 BTC? If you are saying about what is your Total Prize Pool then the rewards should be related to that and not to the player's total wager.

Besides, although your House Edge is small, 0.7%, it is most likely what a player will lose wagering any amount. And since your top prize is more than 3 times smaller than that, it doesn't look like a promotion.

P.S. I just reread my post and I think it may appear rude, for which I'm sorry, I didn't mean to offend you. I meant to be helpful and maybe to clarify something for myself.

The maximum reward is 1 btc for the top wager meaning that wagering above 2000 BTC will net you the same amount for the maximum reward 1 btc.

The reward meaning that the competition will give out at the most 1 BTC not wager only 1 BTC.

Also I agree with you with the wagering competition not being that attractive, with the first place winner only playing at a 0.5% house edge the whole time if he wins.

In the future, I would like more fixed prises for wagering instead of a % of a total wager,
because it's essentially like you said, "Besides, although your House Edge is small, 0.7%, it is most likely what a player will lose wagering any amount"

edit: I think I misread your post, but otherwise I agree with you with the prize pool instead of total wager