Woah… So much had happened in so little time in EveryDice
Yesterday ED got 9197 BTC wagered, the amount that we haven’t seen in any dice site since months ago…! At least for a day, EveryDice has become
the most active Bitcoin Dice site on earth, huge milestone for ED which just started few months ago
One of our champion, 1DiCe1 took another mega profit from the site, ~100 BTC after the previous ~50 BTC, congratulations! You always been our loyal player and deserved this win with that much wager!
In the other side, while the player won, the investors did suffered significant loss. As a site operator, I always see the investors as part of the site, partners who trusted me through our service and performance. While I feel happy that ED had passed another milestone, honestly I feel sorry for the investors, who might not expect this event. Also thanks for several investors who mailed, support me personally, and even put additional investment to ED (hence the site max win is keep on increasing, even after 1DiCe1 withdraw 50 BTC
). For all investors, if you want to contact me, you can always contact me through email, currently I’m on mobile and I’m doing my best to check the email and site.
I think it was the dooglas dice site that was attacked or whatever for having a 2% house edge, and everydice is way lower than that. I actually think it was more along the lines of saying a 2% house edge site could not survive because house edge is so low.
Just-Dice.com has always had a 1% house edge.
You may be getting confused by one of the following:
1) Erik Vorhees apparently once said that it wouldn't be profitable to run a dice site with an edge lower than 1.9%, which is the edge at SatoshiDice, which he used to own.
2) Just-Dice used to have a maximum profit per bet of 1% of the bankroll. This was found to be too high, and caused the profit to go negative when we were attacked by a whale. We lowered it to 0.25%, and then put it up to 0.5% a few days later.
The bottom line is that to be confident of making a profit you need to have your maximum profit be a smaller percentage of your bankroll than the house edge percentage.
Thank you for the insight dooglus. JD has always being our inspiration for dice site and also greatest competitor since the beginning. Quite interesting that both ED and JD encounter similar case because of max win and super whale. I'm still talking the idea of lowering the max win %tage with my team. Some investors also approach me to discuss this. After it is decided, we will come out with new max win calculation.