Topic: SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 - page 41. (Read 275840 times)

Sorry you're having issues - Are you still having issues with BCH withdrawals?

Hello Safedice owner. I have a question about investing in Safedice.
For Safedice investments, you can choose 0.5x Kelly, 1x Kelly, or 2x Kelly.
I did some calculations and I can see that even though the site bankroll is only 179.8 BTC, the effective bankroll (which adjusts for Kelly factors, i.e. virtual loans) must be 1071.4 BTC. I worked this out by dividing my investment amount by my percentage of the total site investment. This must mean that:

- There are ALOT of investors that have Kelly factor > 2x, even though a maximum of 2x is selectable. In fact with effective bankroll at 1071.4 and site bankroll of 179.8, that means the weighted average Kelly must be 5.95. Is my understanding of these calculations correct? Also will you be allowing higher Kelly factors or just let traditional investments keep going at the higher leverage?

- I want to know the details of 2X Kelly factor. Lets say I invest 1 BTC, then you give me virtual loan of 1 BTC, so my total exposure to the effective bankroll is 2BTC. Now lets say Site profit increase by 1BTC. My investment balance is now 2BTC. Now please tell me is my total exposure 3 BTC (2 BTC PLUS original 1BTC virtual loan) OR 4 BTC (2BTC PLUS original 1 BTC virtual loan + additional 1 BTC virtual loan to keep kelly factor at 2x). In other words if I invest at 2x Kelly, will my leverage ALWAYS be 2x, or will my leverage reduce / increase as I profit and loss from the site?

- Please confirm this calculation is correct?
Max payout as a percentage of Site profit = 29.79% (53.5718 / 179.808).
So for someone on 1X Kelly this is 53.5718/1071.43 = 5%. and on 2X kelly that would be 10%.
In my opinion these figures are Massively high. So on 2X Kelly if a WHALE makes 3 bets come good on max payout then that's 30% of investment gone... Isn't that too high? I don't agree with variable edge system at all, I think it's too high risk for investors. Otherwise everything looks Ok. Can variable edge be removed?

Are you joking? 40 btc with the current price is really huge amount, yet you saying thay it just not too much for withdrawal? May be you are such a big whale but instead of keep saying safedice is acam better you should play on others site which can offer you higher amount as the payout without any problem. I admit it that safedice is have really hard time this lately but in the end they always fix their things

40btc is not too much withdrawals, people loose far more than that. if you must run a gambling site, you have to be responsive

Maybe you guys are withdrawing like 10 cash-satoshis I don't know but the BCH withdrawal still doesn't work for me. Admin, are you going to tell me what's going on here cos things start getting sketchy.

Bets at Safedice get increasingly quick based on your wager amount. At the minimum, it will be pretty slow, but if you're using martingale strategy you'll see that it picks up speed as you hit some reds. Once you get to 0.001BTC wagers, bets are literally instant on manual and on auto are VERY quick. TBH, I like the variable speed of bets at SD - Makes it so that you don't have to wait forever to see green =)

BCH withdrawals have been working for me since August 28th, so maybe you need to clear your cookies and try again =| As for the site functionality, I can report that all has been working for me so far.

hello, anyone can say to me how fast bets are there?! with minimum 0.00000001 betsize and with 0.00000010 betsize.

Bitcoin Cash withdrawal will be available starting Sep. 1.

It's Sep. 3 already and I still can't withdraw, when will you unlock BCH withdrawal? Maybe you are shorting the entire bankroll and waiting for the rate to drop back to 300$?!

Site is back up. Login works as well as the dice game.
Let's hope SD fixed the latest issues for good.

SD can you give an answer on that question please? thx

I still cannot login. It's say This site can’t be reached safedice.com refused to connect.

Can you fix please?

I think DDoS are still affecting your site: hard to login, harder to play.
Sorry to say man but this is becoming truly disappointing.

My apologies for the inconvenience and thank you for the concern ... we have some DDoS for few hours, some people may have difficulty logging in. I have increase security levels for some time , you should be able to log in with no issue now. Domain will also be automatically renewed and updated in few hours.

site is down and admin wont update players. a times i wonder if the players i see there are real, cos too much shit goes on there and no one says anything

Hey admin, maybe you've already noticed but Safedice.com is not reachable right now and a whois check reveals that the domain expired today. I hope you soon get the site up and running again, confidence is low as is...

this is money. you dont expect me to put a few thousands of dollars in a site and they block my withdrawal for useless reasons. if you want to handle peoples money, you must be ready to attend to them fast. this is the reason why people employ assistants. if you think you cant run the site, then just close it. i dnt care of he has a full time job or not

I Think what SafeDice and what other bitcoin services and exchanges really need to do is add a HOT WALLET METER which is public and people can see how full or empty the hot wallet is.

Because what usually happens is somebody makes a larger than normal withdraw and empties the wallet and then all the small people can't withdraw, then they go to Reddit or Bitcointalk and complain about it being a scam.

Sites should be more transparent about the hot wallet balance.

I see the house edge on BCH is 0.9%
Was this planned as a "safe" start? Will you lower it to your distinguishing house edge 0.5%?

Apologies for the inconvenience... There were many withdrawals recently ( more than 40 btc ), but hot wallet has been refilled yesterday and should be enough to cover withdrawals. All withdrawals have been resolved, but if you still have any problem, please mail me at [email protected].

People are impatient, if you don't mind waiting for admin to show up the site is really good he just isn't running it fulltime, hot wallet has coins most the time but sometimes it doesn't and people freak out. For example I made a 2nd account recently and forgot the pw waiting on admin for 2 days so far but no rush I'm patient and it was my mistake.