Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 187. (Read 143533 times)

I was actually wondering how u can make a profit by charging "only" 10% of the profit, but giving away 20% of the house edge to refs. You have the 1 BTC wager contest too.
Good change, Ill keep my investment.
Good communication too

I will agree that 10% commission is low for a dice site and even 20%, it's still a low fee.
Still, it would be good not to change this percentage again or often.
Any "uprising" change, makes people nervous and worried. Especially when this raise have to do with their invested money...

I will keep my investment on site and i hope that this way is the righr way for your site to grow.
Ofc site grows, funds growing also with it...

Btw, one question : Why you don't accept investments in other coins also? Imho it's also a good and not so used solution...

Slark, I am not planning another increase. I think 20% should secure enough funds for a decent growth and it should bring balance to our budget.

I need to say this, believe or not, this increase is not about our short-term profit and it's not about fixing a broken budget. I deeply believe we can build a really decent dice site and extra funds can speed this up.

Cheers,
Ethan

It was unavoidable. 10% commission rate felt more like promotional feature than standard fee that will be immutable in the long term.
I am quite fine with 20% commission (other sites I tested in the past had 50% commission rate).

Ethan, do you plan oo increasing commission rate again in the foreseeable future or 20% is here to stay?

Forgotten already.

Ethan_nx and Yolodice are the best combination of dice site and reliable and honest owner you could ever ask for of a dice site EVER!

Do you mean commission for the promotiona and giveaway? Do you mean by spending 10% more on the commission you got it from the investment so the investor only got 80% in the return? I know that it is pretty good to attract more player but to cut it from the investor profit might not be a good idea, it is better if you try to find more investor instead of cutting the roi for investor

Why?

When setting our investment commission to 10% few months ago we underestimated how much site growth depends on giveaways, competitions, promotions etc. The current 10% actually gives us a very narrow margin and it makes it difficult to compete with other sites that spend much more on promotion.

So far we have run several promotions, giveaways and competitions. We have spent around 10 BTC on the referral program and promotions altogether. This resulted in over 2,400 BTC wagered, 65 BTC profit and over 80,000,000 bets so far. We've been able to gain trust of both investors and players - this is something you cannot buy. I think it's not bad for a site that is 3 months old and still pretty new. But we want to go farther.

We believe that with the extra funds we will be able to attract new players and make YOLOdice grow even faster. We will spend it mostly on promotions, prizes in competitions and on other activities that we believe would have positive long-term ROI.


How will this affect investors' earnings?

I'm pretty confident the investors will benefit from this change, although it might appear we are cutting their profits. Here is why:

* we are going to spend extra funds to make the site grow faster, which means more players => more wagered => more potential profit for investors,
* 20% commission is still one of the lowest among Bitcoin casino sites -- 80% of site profit still goes directly to investors,
* besides, most of the coins spent on promotions return the site bankroll (i.e. investors' pockets) quite quickly.


When will you increase the commission?

Here is the roadmap we will follow:

* Sunday, 2 April - the last time a weekly commission will be taken at 10% (we take commissions on Sundays)
* Monday, 3 April - 20% commission will become effective. Every investment closed from now on will have 20% commission applied.
* Sunday, 9 April - the weekly commission will be collected at 20% level.


What if I don't agree?

If you don't agree to the new terms you can close your investment anytime between now and Monday, 3 April. But I highly recommend you to stay with us. I hope we are on the right path to establish a really decent dice site with lots of opportunities for both players and investors.

Thanks and cheers,
Ethan

Oh, never assume past profits guarantee future profits! I know I am playing devil's advocate, but it's not totally risk-free, especially not x10 investments :-). I know the probability favors investors (theoretically site profit should equal to 1% of wagered), but still a high-roller could win e.g. 10 BTC with just a few bets.

Other than that, I highly encourage you to open an investment. I've invested almost all my bitcoins in this project and I don't regret, even though my investments suffered a pretty large loss in the beginning :-)

Cheers,
Ethan

This looks quite convincing, i am going to invest some in yolo. I know return will be low but even with 10x leverage it sound quite risk free. 

Yes that does seem pretty stable and seems like a fairly safe mid-risk of investment. However in the past what was the largest drop of site profit that was experienced?

Hi,

you investment would survive it. By looking at the current investment structure I'd say that a x10 investment would close if site profit drops even to -40 BTC.

In general x10 investments can tolerate a drop of 10% of effective balance, which would mean a drop of 100 BTC in site profit would not force closing of investments. Our site profit is pretty stable and the investment structure are pretty healthy, so this rule can be definitely applied.

Cheers,
Ethan

It is a good site I just started using it and am very happy and pleased with my results so far!
Long live yolodice and it's admin Ethan_nx!

Just forget what he said.
YoloDice is one of a great site. There is no way to scam here. It's an amazing site.

They go to your yolodice balance you just have to look but it takes you out of chat.
That's the only problem.
Maybe if they can have a popout window option so you can gamble and keep an eye on the chat box at the sametime this might be a better option then having both to drain browser resources. Just a suggestion.

Yes you can receive multiple tips. It all depends on number of rains made by user/bot.

Let me ask if we can get more tips just stay on the chat? i am chatting there and sometimes i receiving tips .. but i do not know if where they are..
can i take multiple tips daily from chant room..  i just notice that sometimes i receive tips there just chatting,,

Hey ethan i had a question let's say i invest in your site at a leverage of 10 and the site profit is as 50 btc and it reaches 100 btc but then it reduces to 80 btc so my investment won't close right it will only close if the site profit becomes 45 btc.

I think he say that because he want to promote other sites or even he can not earn profit on yolodice but what ever he can say this site is good and not a scam he have no proof that this site is scam.

There r 38 pages and 761 comments include this one. Only u claim this site is scam. Its obviosly u lost. First learn what is gambling. There r losts and wins. You cant say scam a site when u lose ur bet.

Here my bet history at Yolodice;



Still this site most reliable gambling site for me. You are scammer not YD!     

People who loose would start crying and claim these sort of things buddy,it is good that you are even responding to these remarks. but one thing i never found in the site is how to verify my rolls within the site other than putting my bet ID in chat to look it up,since i am rolling with dicebot i find it difficult to verify every rolls,can you guide me please.