Topic: EveryDice.com | More than 150% in 36 days, true story! (Read 6106 times)

Well, it seems like we have been scammed. I'm glad I didn't invest more.

its a shame this has happened, looked like it was going really well

http://hamster-334.getforge.io/

 Dear Players and Investors,

First of all we are sorry for the inconvenience. Currently EveryDice is down for maintenance and security check due to recent case. Please be patient while we are working hard to solve this issue as fair as possible.

To avoid misunderstanding, up until now we do not make any statement that our site seed and server has been breached or accusing a player is cheating, it is a possibility but we are still under internal investigation. Please do not make assumption and getting provoked by other users. Our most priority at the moment is to protect database and access to our server, then after everything is settled, we will set the site up with enabled withdrawal but disabled roll.

Regards,
Ed

--
Summary of case development since 22 May 2014:

22 May 2014

    Max Win around 2 - 3 BTC.
    Player 1DiCe1 deposited 2.6 BTC.
    Player 1DiCe1 won ~141 BTC and causing site profit to go down from +95 BTC to -46 BTC.
    Player 1DiCe1 automatic withdrawal of 6 BTC and manual withdrawal of 50 BTC (total of 56 BTC).

23 May 2014

    Player 1DiCe1 deposited 6 BTC.
    Player 1DiCe1 won ~51 BTC.
    Site got DDoSed and getting really slow.
    Player 1DiCe1 automatic withdrawal 5 BTC.

24 May 2014

    Player 1DiCe1 won ~24 BTC.

25 May 2014

    Max Win around 1 - 2 BTC.
    Account 1DiCe1 and P-4747 are locked from rolling after new player P-4747 won additional ~50 BTC (so far P-4747 has not contacted us).

I wanted to check the site out. First thing i missed was the total invested. Until i found that this stat is there. It only does only show up when the browser window is width enough. I guess that could be changed.

Then i saw https://everydice.com/dailystats and would like to ask what happened in the last 3 days. 218BTC lost in the last 3 days? What happened? Everything legit and someone like Nakowa came in?

And the total invested is at 85BTC, yesterday it was 130BTC. Does this mean the total invested was around 350BTC some days ago and someone won everything to 130BTC away? Thats a loss of 63%.

So i would like to hear what happened.

And i have read in the thread that the winner had problems to withdraw. What was the general understanding of the players about this. Was it seen negative so that it could have an effect on future gamblers?

I invested some btw here too, and it's doing great!

I invested half btc and I am happy so far with this small investment. Grats for the site Its brilliant !

omho I think the site may lack a bit visuals whistles and candies.

This site's profit is very impressive when comparing to the total wager amount, I'm worried that the profit would be teen down by the players

I don't see the point of investing 1 satoshi, there won't be any profit from it.

Yes, Shitaifan is correct sukamasoto (thanks Shitaifan ), your investment is automatically updated when someone place a bet.

your investment is displayed on the upper left corner and gets updated live & automatically. that way you see it growing while people lose or vice versa if they win. you can divest/invest at any time.

I intend to invest 0.2BTC how do I get the benefit of my investment

Hi sukamasoto, what do you mean by the capital could be 0.1? If you mean the minimum amount to invest, it is 1 Satoshi

whether the capital could be 0.1

Yes, the total profit for individual player, from gambling as well as investing.

Hi thecoinjournal, thanks for the feedback. I assume you mean total profit for individual player (because total site profit is already shown). Will note this idea

It'll be good if the total profit of the investment can be shown.

Hi mephy, we just improved the bet table updating system. Now bet table is updated at the same time with balance update

It is 1.7 BTC now thecoinjournal


Thank you for the compliment and suggestions mephy!
Your suggestions are well noted, I will discuss this with the team and put it to our development priority.

Very nice project!

Suggestions to improve (imho):
- make instant deposits
- bet table seems laggy to me. When I make a bet total balance updates in no time, bet table behind in 2-5 seconds...
- make automated betting

There was a lot investment today, max win 1.5BTC now

This brings more ROI than any other investment I made, thank you guys!

It's much more than 100btc now, great!

Thank you Wang Yan! Now it is already 100 BTC.. (But maybe it is because of your post )

Hope the bankroll will hit 100BTC again soon

And that's mean 1 BTC for max win! Yay!

With just a few BTC the site is gonna have a 100 btc bankroll.

hehe, ok  but I'm not planning on leaving soon 

2014-04-16   378.70101601   -0.43368714

That player 1DiCe1 was so lucky...

If some day you want to divest, don't do it, I'm willing to buy your account

Sure pigheadbig, will be happy to host you. Let me know if you have any questions or feedback
You can see the wager history at https://everydice.com/dailystats

another dice.
to have a see about this one

I did a little update, someone lost big: https://bitcointalksearch.org/topic/m.6097508

Here it's a investment performance provided by shitaifan2013: https://bitcointalksearch.org/topic/m.5892953

Seems someone invested and divested 10 BTC quickly.

Hi Timetwister, sorry we missed to reply on this thread...

Hmmm, most of the current investment are not made by us. But we are investing as much as we can, includes reinvesting every profits that we made


Now the daily stats is automatically updated and available via https://everydice.com/dailystats

Thanks for displaying profits

Every Dice, how much do you have invested in your site?  

Where can we see site's profits?

Hi Timetwister, yess.. There are lot BTC wagered in the last week! Thank you . We're really sorry that we haven't automatically update the .txt. Few days ago we've been busy migrating our deposit / withdrawal system away from Blockchain because of the latest Blockchain's issue (the migration is doing very well however ). We'll start continuing our development roadmap again by this week.

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

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.

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."

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

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

Your welcome


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.

Waiting for that feature

This is HUGE news, thank you very much!

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

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

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.


Thanks for the info uptweets

seems it's under attack.

is this site down?

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

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

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, 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

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, 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

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."

Very nice, good job

Hi Wang Yan, yes it is confirmed

It is even until the time I posted this, everyone can check. Total wagered in the last 24h is 12.69 BTC from the top 5, compared to 56.02 BTC bankroll, it made yesterday's wager got 22.655% of the bankroll. Yaaay!

I think yesterday's wager got above 20% of the bankroll? Need confirmation from every dice though.

Whoa Phil, you wager 10BTC+ and won 0.6+ BTC last night, very very good game, congratulations! . Yes lets see if you can get another 0.024 BTC bonuses, you deserved it


Okay, noted Phil

Is it possible to add a couple of extra stats?

Total Bet for a user
Total Wins for a user
Total Profit for a user

and the same for a 24 hour period. The 24 hour will help for the giveaway.

Phil

Lets see if I can win all 24 hours of the bonus giveaway today.

Phil

Okay then for the time being we will let 0 bets showing up. When we got more and more players, we might need to hide it.

either is OK for me:)

Hi uptweets.. Yes, actually we also got another feedback that suggest to show up all bets, the more the merrier. But let me know your thoughts about this uptweets, which one do you prefer?

Seems we are seeing the 0 bets again?

And there is also nothing to win from 0 bets. Some people try 0 bets to test their luck

0 bets are quite slow so I doubt if people really love to place 0 bets.

Hi Phil,

Thanks for your input . We actually made people able to bet 0 so they can try the game first. However, we just hide 0 bet to players other than the bettor. Hopefully it is more convenient right now.

Need to stop people being able to make 0 bets.

Phil

There might be a higher wager amount since they are giving out 0.001BTC every hour.

So maybe they should decrease the bankroll to attract more investment

I'll consider investing if daily wagered gets to 20% of the bankroll.

5+BTC now, keep going!

At least it's another dice site to invest. JD is too big for small investors to get involved.

We believe that as long as it is fair and healthy competition. It is actually great for players, investors, and the community

Why even comment then?

another gambling site? *yawn* where is the coffee

Thanks for noticing Wang Yan
It's already 4+BTC now

Almost 4BTC wagered, nice start.

Hi Skinnkavaj, thanks for the advise, we understand your concern. However, we would like to maintain our anonymity for the time being. It does not imply that we want to do something wrong, but we prefer to stay this way because the nature of the business itself (gambling/casino site). Though Bitcoin is not yet accepted as currency (therefore means real money gambling), it is still in the ongoing debate on how the legality in this industry works. This is why, lot of gambling / casino businesses stay anonymous. We really hope that you can understand our concern. Meanwhile time will prove the integrity of EveryDice, and early investors may benefit from invest in the smaller bankroll to get high share percentage of EveryDice.

I saw you on the leader board!

If you are really serious about this, will you upload a copy of your passport to a Bitcointalk moderator?
So he can verify you in this thread.

I see a total wager of 3.67BTC now.

Hi Phil, thanks for the idea

Currently we are focusing on getting more players and user experience in the near future.

We will definitely note this great idea.

Hi Skinnkavaj, thank you for your concern. We also hear this concerns from some friends about the no-fee model.

These are reasons why we are doing this:

• To attract investors. We are running with only 0.99% house edge, no fee model will give investors higher rewards while keeping the house edge low.
• We use donation model from the time being. We would like to see if some people who wins are willing to donate part of their profits.

And here is our answers in the FAQ sections:

Currently, we are considering to take small fee from the investment to convince people. As stated above, we will give notice as soon as the decision is final 14 days in advance.

Regarding to fractional reserve, for the time being you can check our cold wallet here: 1EDCWwzPzuT5v9hmxCwrW5hCDWFyGcdpeg. It is signed with message "This is a cold wallet belongs to EveryDice.com." You can always check our FAQ for the details on this. We are also still looking for easier way to prove we do not run any fractional reserve.

About LetsDice, we won't judge whether they are scam or not. However our referral and investment model is very different, let aside the huge house edge difference.

We also realize that only the test of time can prove any investment are worth or not. However we try our best to prove and also giving very competitive rewards for early investors. For the time being, we hope these answer can help you to put more trust on us

This site looks a lot like Letsdice scam.

Be very cautious, they take no fee. Too good to be true. They are most likely planning to run a fractional reserve with your deposited BTC, and investors have no way of knowing.

Are you going to release an API? I would love to try and test a bot on the game.


Phil

Congratulation Phil! We saw the bet history, tense enough, hats off sir!


Thank you for the compliment, glad you like it

Also i can confirm that payment into and out of the site were smooth.

Phil

Yep, was winning. Took my earnings, invested some.

Not a bad little game.

Phil

I was watching and saw you played a lot

Site looks nice, how are you getting players to it. I was watching it to see how many players are coming in and did not see any games played.

Phil

Hi Timetwister, as you can see we were just launched 2 days ago, so it is a little bit hard to calculate the wagered per day. Up until now we have total wagered of 0.97 BTC. Hopefully this will increase as soon as players know our site

How much is wagered per day?