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Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 89. (Read 143533 times)

legendary
Activity: 2940
Merit: 1333
That seems like a mistake. It should just be 0.5% of the effective bankroll. Otherwise if the average leverage is over 5x then everyone ends up less leveraged than they asked to be. A regular unleveraged investor could end up risking way less than the 0.5% of their investment per roll that they wanted to risk.

How is it significant in any way?
as soon as you put the investment in the site you accept to see it lost in case of a lucky run.

Unleveraged investors presumably want to be risking 0.5% of their investment to a max-profit bet. But the 2.5% limit means that doesn't happen. How is that not significant? It means investors are risking less than they expect to, and suffering reduced expected bankroll growth as a result.

Your comment about accepting loss is irrelevant here. It is unrelated to what I was saying.

We added "2.5% of the real bankroll" limit quite late once we saw that max per-bet profit sky-rocketing as more and more investments were being opened with x10 leverage. This was obviously to limit variation a bit and keep site profit a bit more predictable.

"Site profit" doesn't matter. Individual player profits matter, and individual investor profits matter, but the sum of them really doesn't mean anything, not even to the site's collection of commission.

Still, investments with x10 have exactly ten times larger share in site profit. x1 investments are what they are - you invest your exact amount, without any leverage, and your investment will never be closed due to a loss.

Yes, but the 1x investor is expecting to be risking up to 0.5% of their investment per roll, but only getting something like half of that due to the 2.5% limit.

We might limit the actual leverage to x5 max and remove this "2.5%" condition at some point, it would make things a bit easier. But we haven't decided on this yet.

I don't see why you wouldn't simply remove the 2.5% limit. It's not helping anyone: it reduces the maximum bet size for players, makes investors risk less than they signed up for, and reduces the site's expected commissions.

Having said that, it's your site of course, and you're free to run it how you like. I just don't understand.
legendary
Activity: 1570
Merit: 1041
Hey everyone!  We'll be doing a bunch of New Years giveaways/rains/trivia in chat at random points during the next 24 hours, so stay tuned and come chat and maybe get some coins! Wink

HAPPY NEW YEAR!!!






[Thanks Ethan and Scott!]
sr. member
Activity: 745
Merit: 471
Admin at YOLOdice.com - fast, fair, play/invest.
Sorry about the connectivity issues earlier today - one of our LetsEncrypt certificates expired and did not renew properly. It's all fixed now. Cheers!

Cheers,
Ethan
newbie
Activity: 2
Merit: 0
Why i cant login on site?
copper member
Activity: 55
Merit: 0
site is down fyi.
sr. member
Activity: 745
Merit: 471
Admin at YOLOdice.com - fast, fair, play/invest.
That seems like a mistake. It should just be 0.5% of the effective bankroll. Otherwise if the average leverage is over 5x then everyone ends up less leveraged than they asked to be. A regular unleveraged investor could end up risking way less than the 0.5% of their investment per roll that they wanted to risk.

How is it significant in any way?
as soon as you put the investment in the site you accept to see it lost in case of a lucky run.

And by the way, the average leverage beeing closer to 10 than to 5 saying 0.5% of effective bankroll or 2.5% of real one whichever is lower means it's automatically 2.5% of the real bankroll all the time.

We added "2.5% of the real bankroll" limit quite late once we saw that max per-bet profit sky-rocketing as more and more investments were being opened with x10 leverage. This was obviously to limit variation a bit and keep site profit a bit more predictable.

Still, investments with x10 have exactly ten times larger share in site profit. x1 investments are what they are - you invest your exact amount, without any leverage, and your investment will never be closed due to a loss.

We might limit the actual leverage to x5 max and remove this "2.5%" condition at some point, it would make things a bit easier. But we haven't decided on this yet.

Cheers,
Ethan
legendary
Activity: 1344
Merit: 1251
That seems like a mistake. It should just be 0.5% of the effective bankroll. Otherwise if the average leverage is over 5x then everyone ends up less leveraged than they asked to be. A regular unleveraged investor could end up risking way less than the 0.5% of their investment per roll that they wanted to risk.

How is it significant in any way?
as soon as you put the investment in the site you accept to see it lost in case of a lucky run.

And by the way, the average leverage beeing closer to 10 than to 5 saying 0.5% of effective bankroll or 2.5% of real one whichever is lower means it's automatically 2.5% of the real bankroll all the time.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
What was the biggest win / payout?  Huh

What coin you are asking?
https://yolodice.com/#stats/scores
Scroll down till end of the list and you find biggest bets on each coin

additionaly, you can find the max profit per bet when you click on each coin in the Play tab. currently for bitcoin it is around 17btc max profit per bet, pretty decent amount if you ask me, some dice site only have around 10btc max profit per bet


You can see also top players by profit. There is a person with 39 BTC profit!!
Lol that's amazing
hero member
Activity: 672
Merit: 508
What was the biggest win / payout?  Huh

What coin you are asking?
https://yolodice.com/#stats/scores
Scroll down till end of the list and you find biggest bets on each coin

additionaly, you can find the max profit per bet when you click on each coin in the Play tab. currently for bitcoin it is around 17btc max profit per bet, pretty decent amount if you ask me, some dice site only have around 10btc max profit per bet
sr. member
Activity: 336
Merit: 254
What was the biggest win / payout?  Huh

What coin you are asking?
https://yolodice.com/#stats/scores
Scroll down till end of the list and you find biggest bets on each coin
newbie
Activity: 2
Merit: 0
What was the biggest win / payout?  Huh
legendary
Activity: 1570
Merit: 1041
The answer is listed on the site FAQ. It is the minimum of 0.5% of effective bankroll or 2.5% of "real" bankroll.

Quote
What is the profit limit of a bet?
TL;DR; A single bet cannot win more than 0.5% of effective bankroll or 2.5% of bankroll, whichever is lower.
https://yolodice.com/#faq

That seems like a mistake. It should just be 0.5% of the effective bankroll. Otherwise if the average leverage is over 5x then everyone ends up less leveraged than they asked to be. A regular unleveraged investor could end up risking way less than the 0.5% of their investment per roll that they wanted to risk.
I'll ask Ethan about this as soon as he's online again (after Christmas). Smiley
legendary
Activity: 2940
Merit: 1333
The answer is listed on the site FAQ. It is the minimum of 0.5% of effective bankroll or 2.5% of "real" bankroll.

Quote
What is the profit limit of a bet?
TL;DR; A single bet cannot win more than 0.5% of effective bankroll or 2.5% of bankroll, whichever is lower.
https://yolodice.com/#faq

That seems like a mistake. It should just be 0.5% of the effective bankroll. Otherwise if the average leverage is over 5x then everyone ends up less leveraged than they asked to be. A regular unleveraged investor could end up risking way less than the 0.5% of their investment per roll that they wanted to risk.
legendary
Activity: 2018
Merit: 1108
Based on leveraged since leverage affects max profit.

It seems to be 0.29% of the total bankroll, which is a bit weird.
I am fairly sure the Max Profit per bet is based on the REAL bankroll, not the effective one.  Which would make the BTC Max Profit right around 2.5% of the real bankroll.  In a typical casino setting you want the Max Profit to be 1-3% of the real bankroll, so I would assume these were Ethan's thoughts.

I could be remembering this wrong, though, I'll ask him to come clarify so there's no confusion.

The answer is listed on the site FAQ. It is the minimum of 0.5% of effective bankroll or 2.5% of "real" bankroll.

Quote
What is the profit limit of a bet?
TL;DR; A single bet cannot win more than 0.5% of effective bankroll or 2.5% of bankroll, whichever is lower.
https://yolodice.com/#faq

Ya I thought it must take effective into account somehow.
hero member
Activity: 1708
Merit: 541
Based on leveraged since leverage affects max profit.

It seems to be 0.29% of the total bankroll, which is a bit weird.
I am fairly sure the Max Profit per bet is based on the REAL bankroll, not the effective one.  Which would make the BTC Max Profit right around 2.5% of the real bankroll.  In a typical casino setting you want the Max Profit to be 1-3% of the real bankroll, so I would assume these were Ethan's thoughts.

I could be remembering this wrong, though, I'll ask him to come clarify so there's no confusion.

The answer is listed on the site FAQ. It is the minimum of 0.5% of effective bankroll or 2.5% of "real" bankroll.

Quote
What is the profit limit of a bet?
TL;DR; A single bet cannot win more than 0.5% of effective bankroll or 2.5% of bankroll, whichever is lower.
https://yolodice.com/#faq
legendary
Activity: 1570
Merit: 1041
Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.

OK, that makes sense. I hope people aren't taking advantage of that.

How is max profit calculated, based on the "real" bankroll or the effective (including leverage) one?

Based on leveraged since leverage affects max profit.

It seems to be 0.29% of the total bankroll, which is a bit weird.
I am fairly sure the Max Profit per bet is based on the REAL bankroll, not the effective one.  Which would make the BTC Max Profit right around 2.5% of the real bankroll.  In a typical casino setting you want the Max Profit to be 1-3% of the real bankroll, so I would assume these were Ethan's thoughts.

I could be remembering this wrong, though, I'll ask him to come clarify so there's no confusion.
legendary
Activity: 1199
Merit: 1047
Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.

OK, that makes sense. I hope people aren't taking advantage of that.

How is max profit calculated, based on the "real" bankroll or the effective (including leverage) one?

Based on leveraged since leverage affects max profit.

It seems to be 0.29% of the total bankroll, which is a bit weird.
legendary
Activity: 2018
Merit: 1108
Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.

OK, that makes sense. I hope people aren't taking advantage of that.

How is max profit calculated, based on the "real" bankroll or the effective (including leverage) one?

Based on leveraged since leverage affects max profit.
legendary
Activity: 1199
Merit: 1047
Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.

OK, that makes sense. I hope people aren't taking advantage of that.

How is max profit calculated, based on the "real" bankroll or the effective (including leverage) one?
legendary
Activity: 2018
Merit: 1108
Are users allowed to refer themselves? If you combine that with rakeback, the casino edge is quite lower (and potentially even negative during some promotions).

It says you aren't allowed to on the site.
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