🔥🔥🎲 CRYPTODICE.io 🎲🔥🔥 - 🍀 Lucky Jackpot 🏆 Progressive Races ⭐ Provably Fair

[panjul07]

I see that you have race contest.
But there are only 5 winners eligible.
Do you plan to add more winners to the list?
I hope more people can win

The older race had more winners, did you participate when they had bigger prizepool and more winning spots?
Cryptodice has just changed to the new race with lower prizepool and lower number of winning spots.
It is reasonable why there are 5 winning spot only, if cryptodice want to have more winning spots then they should add more funds on the prizepool.
As it will not make senses if cryptodice have low prizepool but  have many winning spots which will make winners get so low prize.
I think cryptodice is still doing something I call experiment, to see which kind of races is the best for them as well as for players so there is still a chance to see a change on the race in the near future.

[Islamrony2]

[Yeah I hope so as well. Great the see people are wagering the race but would like more winners

[sdice]

I see that you have race contest.
But there are only 5 winners eligible.
Do you plan to add more winners to the list?
I hope more people can win

The older race had more winners, did you participate when they had bigger prizepool and more winning spots?
Cryptodice has just changed to the new race with lower prizepool and lower number of winning spots.
It is reasonable why there are 5 winning spot only, if cryptodice want to have more winning spots then they should add more funds on the prizepool.
As it will not make senses if cryptodice have low prizepool but  have many winning spots which will make winners get so low prize.
I think cryptodice is still doing something I call experiment, to see which kind of races is the best for them as well as for players so there is still a chance to see a change on the race in the near future.

Currently the race is not a fixed prize pool, but a dynamic one that depends on the total wager amount during the race period. If more people wagered, then the prize pool will increase as well. We would like to know if this is attractive for players, or a fixed but large prize is better. Let us know what you think  .

[sdice]

[Yeah I hope so as well. Great the see people are wagering the race but would like more winners

We will consider increase the winners as well. However, that would also need an increase in the prize pool, because then every winners will have enough prizes.

[panjul07]

I see that you have race contest.
But there are only 5 winners eligible.
Do you plan to add more winners to the list?
I hope more people can win

The older race had more winners, did you participate when they had bigger prizepool and more winning spots?
Cryptodice has just changed to the new race with lower prizepool and lower number of winning spots.
It is reasonable why there are 5 winning spot only, if cryptodice want to have more winning spots then they should add more funds on the prizepool.
As it will not make senses if cryptodice have low prizepool but  have many winning spots which will make winners get so low prize.
I think cryptodice is still doing something I call experiment, to see which kind of races is the best for them as well as for players so there is still a chance to see a change on the race in the near future.

Currently the race is not a fixed prize pool, but a dynamic one that depends on the total wager amount during the race period. If more people wagered, then the prize pool will increase as well. We would like to know if this is attractive for players, or a fixed but large prize is better. Let us know what you think  .

I understand that your current prizepool is dynamic with a guaranteed amount ($50).
Prizepool may increase significantly if there are many players wager a lot of money but I doubt it will happen since most gamblers are looking at the guaranteed one.
If the guaranteed prizepool is big enough, it will attract players ofc.
If you want to keep this way, I think you can do a weekly one. So if you have a budget of $50 for a day then create a weekly race with $350 guaranteed prizepool and some addition based on the wagered amount during the week.
It will give you more time, which is more time for players to wager and may give opportunity to those who have no time on your 12hours race.

[sdice]

I see that you have race contest.
But there are only 5 winners eligible.
Do you plan to add more winners to the list?
I hope more people can win

The older race had more winners, did you participate when they had bigger prizepool and more winning spots?
Cryptodice has just changed to the new race with lower prizepool and lower number of winning spots.
It is reasonable why there are 5 winning spot only, if cryptodice want to have more winning spots then they should add more funds on the prizepool.
As it will not make senses if cryptodice have low prizepool but  have many winning spots which will make winners get so low prize.
I think cryptodice is still doing something I call experiment, to see which kind of races is the best for them as well as for players so there is still a chance to see a change on the race in the near future.

Currently the race is not a fixed prize pool, but a dynamic one that depends on the total wager amount during the race period. If more people wagered, then the prize pool will increase as well. We would like to know if this is attractive for players, or a fixed but large prize is better. Let us know what you think  .

I understand that your current prizepool is dynamic with a guaranteed amount ($50).
Prizepool may increase significantly if there are many players wager a lot of money but I doubt it will happen since most gamblers are looking at the guaranteed one.
If the guaranteed prizepool is big enough, it will attract players ofc.
If you want to keep this way, I think you can do a weekly one. So if you have a budget of $50 for a day then create a weekly race with $350 guaranteed prizepool and some addition based on the wagered amount during the week.
It will give you more time, which is more time for players to wager and may give opportunity to those who have no time on your 12hours race.

That's a good suggestion. Thanks for that. We will definitely consider increasing the prize pool and make the race longer, so everyone can have chance to participate.

[tobi4255]

How does the investment feature works? I saw you have the invest tab on the site

[sdice]

How does the investment feature works? I saw you have the invest tab on the site

Investment basically depends on your share in the bankroll. As an example: If you invest 1 BTC and the total bankroll is 10 BTC, that means you own 10% of the share. If someone wager 1 BTC and lose, then the 1 BTC profit will be split to the investors based on their share. However, keep in mind the site has a 50% commission, so 0.5 BTC is taken out as commission, and the rest of 0.5 BTC is split out to investors.

[sdice]

CRYPTODICE.IO Bankroll

Become The Banker | Earn Passive Income

✅ Wager as player or become the house? Now you can pick your side.

✅ Invest in the bankroll and earn passive income proportional to your contribution.

✅ Investors are free to open and close investment positions at any time

How does investing work?

To account for future growth and be able to take on more wagers, CryptoDice.io is opening up the bankroll for public investment. Not only players can continue to play on the platform, everyone can now choose to invest and own part of the house.

Investors are able to supply funds for the bankroll in exchange for shares proportional to their contribution. If a player wins, the funds move from the bankroll to the player. If a player loses, the funds move from the player to the bankroll. The profits are then split to each investors according to their share, and the same also applies for loses..

Investor can open and close investment positions at any time. The moment an investment is opened, the initial investment amount is exchanged for the share in site bankroll with percentage equal to the ratio of contributed funds to the bankroll fund. When an investment is closed, the share is exchanged back for the initial investments plus the profits accumulated during the period of investment.

How do investments earn profit?

Profit from the dice game is the main source of investors' profit. The site has 1% house edge over the players, so the expected site profit is 1% of what the players wager. In other words - over the long term we expect the bankroll to increase while the players play.

Each investment has a share in site bankroll, and when the bankroll increases while players play, the current value of the given investment increases.

Please note although the site has statistical advantage over players and profit is expected in the long term, this is not a guarantee of the profit because expected profit does not take variance into account. Bankroll will increase and decrease in size depending on players winning or losing. However, over the long term it is expected to increase due to house edge.

What is the investment commission?

To fund the site's expenses and marketing events such as contests, commission is taken from the expected profit the site would make, which is based on the amount wagered for each bet. As we are attracting new investors, we are offering a low commission of only 20% for now. This might be increased in future but will be no greater than our competitors', to ensure our commission is competitive.

What this means is that when a player bet 1, the site will take a 20% commission from the expected profit. Since the expected profit for the house is 1% which is 0.01 in this case, the site will take 0.002. The rest of the profit will go to the investors.

The running commission is taken regardless of how much profit the site makes. If the site makes more coins than expected, they all go to investors. If it makes less, the commission is still taken. In the long-term we expect the bankroll should increase and hence investors' profit.

Protection of bankroll amount

To avoid large wager variance that could result in huge winnings, and thus significant loss of bankroll, we are limiting the max profit per bet to less than 1% of the bankroll. This ensures any huge winnings will not affect the bankroll too much, while still attractive enough for players to win huge prizes.

Questions?

If you have any questions related to the investment feature, please post it in this thread. We will strive to answer your concerns.

Note: The investment profit is currently turned off on the site, as we are still at the stage of gaining investors. What this means is your are able to invest or divest, but the wagers will not be counted towards investment profit for now. Once we proceed this stage, we will turn on the investment profit, and any wager from there onwards will be taken into account to the bankroll.

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[reliable]

I was planning to try for fun to invest in the bankroll but yes certainly risk does exists and even without risk their are no rewards. Will go through this in detail and let see if find it more exciting might end up becoming an investor in your site. At times even luck is very important beacuse moment you invest and somebody wins big you end up in a loss.

[sdice]

I was planning to try for fun to invest in the bankroll but yes certainly risk does exists and even without risk their are no rewards. Will go through this in detail and let see if find it more exciting might end up becoming an investor in your site. At times even luck is very important beacuse moment you invest and somebody wins big you end up in a loss.

Yes big wagers is certainly a concern to investors. We have already plan to limit the max profit to less than 1% of the bankroll to protect investment, because we would like to provide a stable return of investment to all investors.

[CryptopreneurBrainboss]

This project keep improving daily and that's a welcome development. Giving gamblers an opportunity to invest in the casino through bankroll says a lot about the zeal of the casino to keeping their patronizers happy and satisfied. Before now I haven't invested with any casino either online or offline but I'm positive doing that with you guys won't be a regrettable decision so I'll looking into this new earning opportunity you guys just added.

Ps: Just seeing your new name, sounds better than the previous one, if you ask me. Keep building.

[AhmadM]

Looks like I have already hit the jackpot here
Firstly I thought it was a glitch/bug in my account because my balance was filled with 0.002 BTC suddenly
Then after check the bet history I realized that was the won amount from hitting the jackpot number 

Cheers

[AhmadM]

Well, probably it is not a big amount. I just want to share it with you guys that I hit the jackpot again, lol

Cheers

[panjul07]

There is on going scam accusation against Cyrptodice as anyone can read about it here.
Upon reading the message between Cryptodice and the player, seems that cryptodice is not ready for a big win.
I guess cryptodice did not set a max profit per bet, that's why owner a bit shocked with the win as probably the amount is higher than the bankroll.
I wonder how much is the actual bankroll of cryptodice? IMO amount under 1btc should not be a big amount for a dice site especially cyrptodice offers a jackpot.
Jackpot was over 1btc before the first winner hit it and won 1% of it, after that the jackpot is 0.2xxbtc.
Logically cryptodice still have some funds to pay around 0.5btc without offering partial payment $500 per month.

[Timelord2067]

There is on going scam accusation against Cyrptodice as anyone can read about it here.
Upon reading the message between Cryptodice and the player, seems that cryptodice is not ready for a big win.
I guess cryptodice did not set a max profit per bet, that's why owner a bit shocked with the win as probably the amount is higher than the bankroll.
I wonder how much is the actual bankroll of cryptodice? IMO amount under 1btc should not be a big amount for a dice site especially cyrptodice offers a jackpot.
Jackpot was over 1btc before the first winner hit it and won 1% of it, after that the jackpot is 0.2xxbtc.
Logically cryptodice still have some funds to pay around 0.5btc without offering partial payment $500 per month.

Given there hasn't been a response in the last calendar month yet the OP was last online a little under five days ago, it's probably safe to say this issue isn't going to be resolved by this site anytime soon.

[LimLims]

There is on going scam accusation against Cyrptodice as anyone can read about it here.
Upon reading the message between Cryptodice and the player, seems that cryptodice is not ready for a big win.
I guess cryptodice did not set a max profit per bet, that's why owner a bit shocked with the win as probably the amount is higher than the bankroll.
I wonder how much is the actual bankroll of cryptodice? IMO amount under 1btc should not be a big amount for a dice site especially cyrptodice offers a jackpot.
Jackpot was over 1btc before the first winner hit it and won 1% of it, after that the jackpot is 0.2xxbtc.
Logically cryptodice still have some funds to pay around 0.5btc without offering partial payment $500 per month.

This proves that the site has very less bank roll.
But it would have been better if they could make it clear earlier about their site's bankroll, maximum win and maximum bet amount.
This is truly unfair after a player wins a larger amount due to it's luck and the payouts is not being processed to him.
As the site still owes the player a massive sum of 0.5+ BTC, so it's better to not to Gamble their and take risks.
Let's first wait for the accusations to be resolved.

[AhmadM]

As the site still owes the player a massive sum of 0.5+ BTC, so it's better to not to Gamble their and take risks.
Let's first wait for the accusations to be resolved.

Yeah, that was the main reason wherefore I stopped playing there. I tried to contact cryptodice through both on the site and telegram but there are no clear responses about the issue and mostly they just ignore it.

Although there are some people still playing there until now and looks like there is no issue they are faced. I won't take the risks, better to stop instead of didn't get paid such as the previous user.

[panjul07]

Yeah, that was the main reason wherefore I stopped playing there. I tried to contact cryptodice through both on the site and telegram but there are no clear responses about the issue and mostly they just ignore it.

You do the right thing to stop playing here, but I wonder about the case of B-Low as he is not updating his case and he is not online since almost a month.
The same as sdice, last active was on Sept 13th. I wonder whether B-Low have received the partial payment as offered by sdice or not?

Although there are some people still playing there until now and looks like there is no issue they are faced. I won't take the risks, better to stop instead of didn't get paid such as the previous user.

I just did a quick visit on the site, looking at the all bets tab for a while and I can say that most bets are just small bets.
High likely most of them are playing with the faucet money or from the rainbot.
If you have some friends on the site, better to warn them to stop like what you do.

[B-Low]

Hello Panjul, Im still watching here. Unfortunately, I their didn't contact me to solves problem anymore. There is no more partial payment after Im open this case.