♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 37.

Betwrong

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Quote from: Lakai01 on March 21, 2020, 06:32:24 AM

Quote from: Betwrong on March 21, 2020, 05:46:15 AM

I'm wondering, how far estimations from the reality?

I think it is on spot for this given day, despite the fact that we don't know if the 34k won is extraordinary high/low or represents the daily average.
I dont know if windice includes chat rains/wagering contests/telegram giveaways/... in the amount won, if not those giveaways would lower the sites profit, too.

All in all we can't say if windice is profitable or not because we simply dont know anything about their costs (developers, infrastructure costs, taxes, ...) ...And I don't think Windice will show us this numbers Wink

I agree, I should not have called it "profit" because they have a lot of expenses, such as paying their great mods, for example.

Also, that number, reflecting the USD won during the last 24 hours, varies greatly from one day to another. For example, today it is more than 2 times greater than yesterday:

So, it was a very rough estimation, but I hope their business is good, especially considering today's numbers.

Bitinity

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Quote from: windice on March 22, 2020, 05:23:46 AM

WE ADDED A NEW CRYPTOCURRENCY - RIPPLE

Nice decision to choose ripple as one of the payment method on your site. Although I'm very rare to use ripple for my gambling activity but as I know there are many people love to use this coin for gambling. How about adding new games? Do you have any plans to add new games in the near future?

windice

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Lakai01

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Quote from: Betwrong on March 21, 2020, 05:46:15 AM

I'm wondering, how far estimations from the reality?

I think it is on spot for this given day, despite the fact that we don't know if the 34k won is extraordinary high/low or represents the daily average.
I dont know if windice includes chat rains/wagering contests/telegram giveaways/... in the amount won, if not those giveaways would lower the sites profit, too.

All in all we can't say if windice is profitable or not because we simply dont know anything about their costs (developers, infrastructure costs, taxes, ...) ...And I don't think Windice will show us this numbers Wink

Betwrong

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Quote from: panjul07 on March 19, 2020, 05:38:57 AM

~
Wagering contest does not always bring good result for the house, but if the site manages to run it regularly like other sites then I believe it will be profitable. Of course there is no guarantee of profit, but if windice slowing it down by reducing the prize because of the last contest was not really good then I can say that is not a good decision IMO.

I think current contests are profitable for WinDice because each prize is less than 1% of the the amount wagered by a contestant. I understand that it can be unprofitable if most of the participants are not losing, but winning some money during the contest, but the probability of that happening is pretty low.

As we can see from this screenshot made today

around 4k unique players have played on the platform since 16 Mar 2020. I think this site is making some profits. I think we can even estimate, roughly, how big those profits are.

We can see from the live stats on the site that $34k was won during the last 24 hours:

Now, it means that the amount wagered on the site is roughly 2 times higher than that.

$34,000 x 2 = $68,000

And the site's profit is 1% of that:

$68,000 ÷ 100 = $680

So, by my estimations, the site's daily profit is around $600-$700.

I'm wondering, how far estimations from the reality?

panjul07

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Quote from: ralle14 on March 19, 2020, 03:07:08 AM

Quote from: SirLancelot on March 18, 2020, 12:19:50 PM

Well, by the looks of it the "weekly" challenge is actually weekly and will continue to happen for a little more while. I do not really think that windice will ever learn what the real deal was about during the competitions and one of the biggest reasons why their momentum got so slow when it was moving faster and faster higher.

Hopefully, one day they will learn it and change the way they approach it or maybe it was only because they were new and they were aggressive about marketing. Do not get me wrong, there is nothing wrong with windice as it is, however it was much much better back in the day, so compared to other casinos windice is still good, compared to themselves 8 months ago they are a lot needs to fix honestly, which is the whole complaint is, we know you guys are capable of better.

For me I think windice is improving from only dice to now the three games they have. Their momentum slowing down could be related to consistency since they used to launch bigger contest one after another back then. Even though things are going slow for them they're still in a good position. And I don't blame them for slowing down they probably don't want to risk it once again since their last contest that had a bigger prize wasn't profitable.

Wagering contest does not always bring good result for the house, but if the site manages to run it regularly like other sites then I believe it will be profitable. Of course there is no guarantee of profit, but if windice slowing it down by reducing the prize because of the last contest was not really good then I can say that is not a good decision IMO.

ralle14

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Quote from: SirLancelot on March 18, 2020, 12:19:50 PM

Well, by the looks of it the "weekly" challenge is actually weekly and will continue to happen for a little more while. I do not really think that windice will ever learn what the real deal was about during the competitions and one of the biggest reasons why their momentum got so slow when it was moving faster and faster higher.

Hopefully, one day they will learn it and change the way they approach it or maybe it was only because they were new and they were aggressive about marketing. Do not get me wrong, there is nothing wrong with windice as it is, however it was much much better back in the day, so compared to other casinos windice is still good, compared to themselves 8 months ago they are a lot needs to fix honestly, which is the whole complaint is, we know you guys are capable of better.

For me I think windice is improving from only dice to now the three games they have. Their momentum slowing down could be related to consistency since they used to launch bigger contest one after another back then. Even though things are going slow for them they're still in a good position. And I don't blame them for slowing down they probably don't want to risk it once again since their last contest that had a bigger prize wasn't profitable.

SirLancelot

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Quote from: windice on March 17, 2020, 08:18:59 AM

WEEKLY WAGERING CONTEST

Well, by the looks of it the "weekly" challenge is actually weekly and will continue to happen for a little more while. I do not really think that windice will ever learn what the real deal was about during the competitions and one of the biggest reasons why their momentum got so slow when it was moving faster and faster higher.

Hopefully, one day they will learn it and change the way they approach it or maybe it was only because they were new and they were aggressive about marketing. Do not get me wrong, there is nothing wrong with windice as it is, however it was much much better back in the day, so compared to other casinos windice is still good, compared to themselves 8 months ago they are a lot needs to fix honestly, which is the whole complaint is, we know you guys are capable of better.

windice

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windice

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WEEKLY WAGERING CONTEST

windice

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[0.02BTC]Weekly Challenge: Get Over It Day

SquallLeonhart

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Quote from: windice on March 10, 2020, 05:38:26 AM

WEEKLY WAGERING CONTEST

Will this "weekly" challenge gonna be something that will happen every week? Also why is it suddenly 0.025 instead of the usual 0.2 you guys distribute?

When you distribute 0.025 around it becomes something very very tiny for everyone involved, the first will have 0.01 and the second gets 0.005. Do not get me wrong both of those amounts are a great deal to me but I am pretty sure people who have wagered 30+ bitcoin to get the 0.2 will not be really happy about getting 0.025 in return.

This is quite understandable from the fact that you are not getting anything but complaints for the recent while as well. If I was windice I would ask the marketing person what they are doing and why is the interest not going up while they are giving away money as well, shouldn't really happen.

Betwrong

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Quote from: wozzek23 on March 09, 2020, 09:02:20 AM

I think whoever worked for stake/primedice a year ago is now working for windice as well, these are literally the exact same type of challenges that saw stake get worse and worse and people gambling there less, it attracted a specific niche type of players but since it wasn't a general type of thing the overall wagering number dropped while there was a lot of people who joined these contests.

Do you know how you attract more people and create more buzz about your website? If you donate to a women's help cause type of thing globally with some sort of competition and the profits of that competition going to that charity. That way if the gambler wins they win, if they lose the money goes to a charity related to women. You don't celebrate women by rolling a 2003 dice, sorry.

Well, if someone who wagered 0.9 BTC within 5 days takes only 10th place in the wagering contest

things are not that bad for WinDice, I would say.

They normally have less tan 200 players online, as far as I can tell, but, on the other hand, more than 2k unique players were online during the past 5 days. Not that bad for a relatively new gambling site, imo.

windice

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WEEKLY WAGERING CONTEST

wozzek23

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I think whoever worked for stake/primedice a year ago is now working for windice as well, these are literally the exact same type of challenges that saw stake get worse and worse and people gambling there less, it attracted a specific niche type of players but since it wasn't a general type of thing the overall wagering number dropped while there was a lot of people who joined these contests.

Do you know how you attract more people and create more buzz about your website? If you donate to a women's help cause type of thing globally with some sort of competition and the profits of that competition going to that charity. That way if the gambler wins they win, if they lose the money goes to a charity related to women. You don't celebrate women by rolling a 2003 dice, sorry.

Betwrong

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I stand with Ukraine.

Quote from: bearexin on March 08, 2020, 03:59:47 AM

Quote from: Betwrong on March 02, 2020, 06:15:12 AM

~But overall I think that if 1% of the wagered amount was guaranteed for the top 30 winners, the contest would attract much more people, and, at the same time, returning the house edge wouldn't be a big deal for the site. Am I wrong?

I doubt that 1% would ever be guaranteed for the winners because at the end windice is still making a profit and the gamblers still gamble way more than they should on a competition like this as well and not even just here, in other places as well.
~

It's true that some gamblers will take part in the competition no matter what, but it is also true that these days more and more gamblers apply some kind of analysis when deciding on which site to play. Make house edge 2% instead of 1% and, theoretically, it will be more profitable, but in practice, who will play on your site then?

The same rule can be applied to the wagering contest. Yes, it would be less profitable for WD if 1% of the wagered amount was guaranteed for the top 30 winners, but being unprecedented case, in a nice way, it could attract many new users.

bearexin

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Quote from: Betwrong on March 02, 2020, 06:15:12 AM

Quote from: bearexin on March 01, 2020, 12:54:19 PM

Quote from: Betwrong on March 01, 2020, 08:21:30 AM

RodolMan was expected to lose 0.3 BTC because of the house edge, while the prize was only 0.1 BTC.

At the times when contest was live, I checked under "highrollers", RodolMan was rushing with 0.02 BTC as the basebet at the last hours of contest. How it would be possible for a gambler to keep on betting with higher amounts without bothering about negative rolls. I checked for a while and I never saw any red for him. Seemed like a luckiest whale. (Just sharing what I had observed).

Thank you for sharing your observations! Well, it is very likely then that this particular player was in a good profit from participating in the wagering contest. But overall I think that if 1% of the wagered amount was guaranteed for the top 30 winners, the contest would attract much more people, and, at the same time, returning the house edge wouldn't be a big deal for the site. Am I wrong?

I doubt that 1% would ever be guaranteed for the winners because at the end windice is still making a profit and the gamblers still gamble way more than they should on a competition like this as well and not even just here, in other places as well.

I remember there was a stakes race where dude wagered 184 bitcoins total and the closest competition was 4! So, as you can see some people will win the competition no matter what. I guess they would gambled anyway so they just gamble a bit more during the competition and think that is fine and don't mind it.

Quote from: darewaller on March 05, 2020, 12:54:58 PM

rodolman is a big whale that can afford to lose 30 btc and still wouldn't be out in the streets with huge loans he can't pay and goes hungry and homeless. If I ever had 30 bitcoin debt... well I couldn't ever get 30 bitcoin into debt because nobody would even give me 30 bitcoin since they would know there is no way I can pay that back with this little amount of money I make.

Rodolman is probably not a poor person to begin with, if he wagers 30+ bitcoins that means he is a rich person anyway and losing some money wouldn't hurt him as much as it would hurt you or me.

windice

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wozzek23

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Looking at the current contest there is someone already making a lead and at 8.2 bitcoins, even with that dude is literally risking enough to actually not make a profit but with the results I am 100% sure it will be over the estimated profit line once again.

Considering competition should be making them a profit, I wonder why windice gave a break to making these, I mean when you calculate the last one was literally 30 bitcoins and had a wagering house edge estimate of 0.3 loss, I don't know if they made any profit or not on that one but that was the expected result and even if they didn't profit from that one, if they kept it up more frequently they would eventually profit on average. They are the ones running the casino and they must know something we don't see or know about.

Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 37. (Read 29488 times)