🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 202.

1982dre

hero member

Activity: 1372

Merit: 512

Quote from: Kiritsugu on February 16, 2017, 12:03:52 PM

Just letting you all know....

Our very first Wagering Competition is LIVE!!!

https://bitcointalksearch.org/topic/yolodice-wagering-competition-1792631

Great. Let's give it a shot. Grin

Reid

hero member

Activity: 3052

Merit: 651

Quote from: JL421 on February 16, 2017, 03:20:36 PM

I love gambling at your site and also like the feature of instant payments I only had one problem is it possible to remove that fees because if you see it in terms of competition most of the sites don't take fees and also withdraws instantly.

Somehow they take profits here too. If those fees wont be implemented then there can be chaos there.
Imagine players withdrawing even with the minimum amount. That is a lot of traffic and might affect the speed of the games also.
And I think the fees are somehow acceptable rather than other gambling site.

ethan_nx

sr. member

Activity: 745

Merit: 471

Admin at YOLOdice.com - fast, fair, play/invest.

Quote from: JL421 on February 16, 2017, 03:20:36 PM

I love gambling at your site and also like the feature of instant payments I only had one problem is it possible to remove that fees because if you see it in terms of competition most of the sites don't take fees and also withdraws instantly.

Hi,

since our site operates on small margin I cannot see a way to offer free instant withdrawals. An everage tx fee we send is ~0.0003 BTC and we have already processed over 1.5k withdrawals. I don't think it's in the interest of investors to sponsor withdrawals. On the other hand, I am thinking about less expensive withdrawal option, see discussion few pages back.

Regarding site earnings -- indeed the site spendings (on affiliates, giveaways etc.) are larger now than what it theoretically earns, but:

1. we are also investors in the site and this gives us some extra funds (we invest at lower leverages to provide a stable base for the bankroll, so earnings are not as large as some people think),
2. I am totally OK with having little or even no profit until the YD gets more players/investors etc.

Cheers,
Ethan

PS. Check out our Wagering Contest if you haven't: https://yolodice.com/#stats/scores . It's getting interesting.

JL421

hero member

Activity: 812

Merit: 510

I love gambling at your site and also like the feature of instant payments I only had one problem is it possible to remove that fees because if you see it in terms of competition most of the sites don't take fees and also withdraws instantly.

Harambe

newbie

Activity: 76

Merit: 0

Quote from: retrocoingames on February 16, 2017, 03:28:35 AM

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

Usually -> somewhere between 0.1 seconds and multiple years. Worst case never and/or you lose everything.

You will not loose everything, that's almost impossible. Because 1% house edge is enough to make profit on the long term. You can only loose everything if you invest with 10X leverage, or the site owners pull out an exit scam, but that's very unlikely.

Kiritsugu

legendary

Activity: 1570

Merit: 1041

Just letting you all know....

Our very first Wagering Competition is LIVE!!!

https://bitcointalksearch.org/topic/yolodice-wagering-competition-1792631

thisappointed

hero member

Activity: 616

Merit: 502

Quote from: retrocoingames on February 16, 2017, 03:28:35 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

If you don't know, just kindly please go to their site(yolodice.com) then, register, if you don't have an account there, then after that, go to their INVESTMENT, and you will see there their conditions and terms and all the information about their investments, simply as that.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: MorpheWQ on February 11, 2017, 12:45:19 PM

I'm gonna try yoladice.com. It seems great.

Have you try it out already cause you're missing a lot if you haven't. Yolodice.com have a whole lot of good stuff in the gambling world and more are coming right up just keep your fingers cross

Quote from: freedomgo on February 16, 2017, 08:29:11 AM

Quote from: retrocoingames on February 16, 2017, 05:25:27 AM

Quote from: mOgliE on February 16, 2017, 04:19:52 AM

Quote from: retrocoingames on February 16, 2017, 03:28:35 AM

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

Usually -> somewhere between 0.1 seconds and multiple years. Worst case never and/or you lose everything.

Ahahah xD
That's what I call a 100% precision answer!
"maybe, sometime, it depends" thanks captain obvious Wink

Anyway if you invest you will probably have a quick profit simply because of the house edge of the site. but as retrocoingames said, it's still all a question of luck!

haha it was asked by a legendary member, seemed like a strange one from someone who has been around so long. Felt like a signature spam comment, so had to answer with something like that Grin

I guess it's better for someone to try investing that keep asking, investing in gambling sites is cheap here so anyone with a good source of income can even try it for fun. Actually, I always believe that although sometimes it's based on luck, but considering you are with the house you still win in the long run. One should have patience in investment as the earning is not constant and the return is not fast as we think.

Yes, every business require patience in other to make the right move at the right time and every business must accept debt but the debt must not be more than the profit that's why the earning is not constant. Speaking of investment. What is the minimal requirement amount in btc to invest on Yolodice?

Lionidas

hero member

Activity: 1008

Merit: 1012

Quote from: BTCevo on February 16, 2017, 05:41:45 AM

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

As far as i know if you want to get profit, you really need to hope that some big whale lose a lot. By this mean you are not aiming for roi right? To get some decent amount you really need to put some huge amount of or may be at least 1 btc to see a good profit. You are not hoping that using 0.01 btc to earn or even double your bankroll by investing on some gambling site. This will be pointless

I know what you mean. Roll Eyes

I have 3 referrals and none of them bet much so i only saw my invest received to be less than a quarter of a penny.

If someone gets a whale to be their referral you will good in the green. Wink

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: retrocoingames on February 16, 2017, 05:25:27 AM

Quote from: mOgliE on February 16, 2017, 04:19:52 AM

Quote from: retrocoingames on February 16, 2017, 03:28:35 AM

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

Usually -> somewhere between 0.1 seconds and multiple years. Worst case never and/or you lose everything.

Ahahah xD
That's what I call a 100% precision answer!
"maybe, sometime, it depends" thanks captain obvious Wink

Anyway if you invest you will probably have a quick profit simply because of the house edge of the site. but as retrocoingames said, it's still all a question of luck!

haha it was asked by a legendary member, seemed like a strange one from someone who has been around so long. Felt like a signature spam comment, so had to answer with something like that Grin

I guess it's better for someone to try investing that keep asking, investing in gambling sites is cheap here so anyone with a good source of income can even try it for fun. Actually, I always believe that although sometimes it's based on luck, but considering you are with the house you still win in the long run. One should have patience in investment as the earning is not constant and the return is not fast as we think.

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: retrocoingames on February 16, 2017, 05:25:27 AM

haha it was asked by a legendary member, seemed like a strange one from someone who has been around so long. Felt like a signature spam comment, so had to answer with something like that Grin

I agree and that's a problem because I'm his manager xD
Seems like he won't spam much more from now on (I guarantee it)

Quote from: BTCevo on February 16, 2017, 05:41:45 AM

As far as i know if you want to get profit, you really need to hope that some big whale lose a lot. By this mean you are not aiming for roi right? To get some decent amount you really need to put some huge amount of or may be at least 1 btc to see a good profit. You are not hoping that using 0.01 btc to earn or even double your bankroll by investing on some gambling site. This will be pointless

Yolo Dice is a perfect example of the good surprise for investors!
We went from a -9BTC loss to a 50BTC profit in... 2 days I believe?
And that was with a bankroll of not even 130BTC
The roi of that investment was INCREDIBLE. So yeah you can double, even triple your amount with a bit of luck Wink

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment

I want ask simple Q
If I'm invest 0.01 , for how long I can expect a profit , usually ?

Profit is a wide term, and since this value is updated pretty frequently at yolodice, the technically correct answer would be almost immediately, unless the house had just suffered a loss after you have invested.

However, if you want to have some idea about how much you can expect to get, you need to use some theory. To calculate what profit you are most likely will get, you need to take the amount of BTC wagered by players over some period (for example 1 month), multiply it by the House Edge, and then multiply by your share in the bankroll..

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

As far as i know if you want to get profit, you really need to hope that some big whale lose a lot. By this mean you are not aiming for roi right? To get some decent amount you really need to put some huge amount of or may be at least 1 btc to see a good profit. You are not hoping that using 0.01 btc to earn or even double your bankroll by investing on some gambling site. This will be pointless

retrocoingames

hero member

Activity: 491

Merit: 500

Quote from: mOgliE on February 16, 2017, 04:19:52 AM

Quote from: retrocoingames on February 16, 2017, 03:28:35 AM

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

Usually -> somewhere between 0.1 seconds and multiple years. Worst case never and/or you lose everything.

Ahahah xD
That's what I call a 100% precision answer!
"maybe, sometime, it depends" thanks captain obvious Wink

Anyway if you invest you will probably have a quick profit simply because of the house edge of the site. but as retrocoingames said, it's still all a question of luck!

haha it was asked by a legendary member, seemed like a strange one from someone who has been around so long. Felt like a signature spam comment, so had to answer with something like that Grin

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: seuntjie on February 15, 2017, 01:32:23 AM

Actually, how does the site make money?

Referral is 20% but commission on investment is only 10% of profits... Assuming perfect ev, the site loses that extra 10% whenever a referred player is playing because it pays out more in affiliate commission than it earns in investment commission. In fact, with the opening bonus in the affiliate system, the site doesn't even get commission because it's all distributed among the affiliate partners...

I assume the site depends on the admin investments and non-referral players for its income? Sounds extremely risky to me

Well you don't know how heavy was the initial investment Wink

And let's be clear: the site is still new and needs the huge traffic necessary for every gambling site stability.

Sure the commission is huge right now, but it might change in the future for new referrals if there is less need for new players.
Anyway as the signature campaign manager I never had any problem concerning payments, until now they keep their words. And considering the amount of effort put into the site development, I don't see it as a short term project ^^

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: retrocoingames on February 16, 2017, 03:28:35 AM

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

Usually -> somewhere between 0.1 seconds and multiple years. Worst case never and/or you lose everything.

Ahahah xD
That's what I call a 100% precision answer!
"maybe, sometime, it depends" thanks captain obvious Wink

Anyway if you invest you will probably have a quick profit simply because of the house edge of the site. but as retrocoingames said, it's still all a question of luck!

retrocoingames

hero member

Activity: 491

Merit: 500

Quote from: sukamasoto on February 15, 2017, 10:39:08 AM

Sorry, I'm still noob about investment I want ask simple Q If I'm invest 0.01 , for how long I can expect a profit , usually ?

Usually -> somewhere between 0.1 seconds and multiple years. Worst case never and/or you lose everything.

sukamasoto

legendary

Activity: 1148

Merit: 1006

Black Panther

Sorry, I'm still noob about investment

I want ask simple Q
If I'm invest 0.01 , for how long I can expect a profit , usually ?

Kiritsugu

legendary

Activity: 1570

Merit: 1041

Quote from: seuntjie on February 15, 2017, 01:32:23 AM

Quote from: BTCevo on February 14, 2017, 10:25:43 PM

Quote from: dustboy on February 14, 2017, 06:58:24 PM

Quote from: Harambe on February 14, 2017, 04:24:29 PM

Nice dice site, but the referral fee should be higher. If you give like 30 or 40% you can get more referrals, and the site will become even more prevalent.

30-40% affiliate earning is too generous, standard affiliate earning of dice site is only 10% from house edge. If a site gives 30-40%, it will not make the site becoming better but it may make the site sounds fishy IMHO.

Yeah i admit it that 30-40% is really a good payout just from affiliates but it does not mean that the site will become scam site though. As long as they can pay it does not matter. May be this is just some promotion to attract more people here and after some period of time the site will be back to normal with 10% affiliates program. But may be with 30-40% it has different count too, may be count only win or may be loss only not a total wagered

Actually, how does the site make money?

Referral is 20% but commission on investment is only 10% of profits... Assuming perfect ev, the site loses that extra 10% whenever a referred player is playing because it pays out more in affiliate commission than it earns in investment commission. In fact, with the opening bonus in the affiliate system, the site doesn't even get commission because it's all distributed among the affiliate partners...

I assume the site depends on the admin investments and non-referral players for its income? Sounds extremely risky to me

As of right now, you'd be correct, a good portion of site profits is going right back to affiliate partners. The 10% of house profits going to payouts was a sort of launch promotion that ethan_nx liked, so I'm not sure if it's a permanent thing or not.

However as far as I know, the 20% of the 1% House Edge commission is here to stay.

You are correct though, house profits could certainly be higher if they did away with the 10% profit bonus paid to affiliates, but a lot of people seem to like it and use it to bring new players to YD.

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: ethan_nx on February 14, 2017, 07:53:18 AM

I think it's: cheaper withdrawals, banners and autobetter then. I will keep you updated about the progress!

Just a quick question - do you think the whole player panel needs a redesign? I am collecting opinions :-)

One easy answer:
YES

Grin

That's the main weakness of Yolo dice. The playing page is complete, gives lots of options and works perfectly. But it's incredibly not intuitive ^^
The only real problem is ergonomic. As an engineer who work a lot on digital creation I'd say you must have a playing page answering a few important points:
-it must be the first thing on which you land, not the welcome page, really the play page
-you got to have a big play button, important
-you must have like 3 options, /2, *2 and max that's all

Keep the numerous options but in an "extended version" you can activate only if you want. It will help getting new players IMHO

Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 202. (Read 143533 times)