Quote from: Timetwister on Today at 01:00:29 AM

Quote from: sana54210 on August 23, 2020, 08:17:48 PM

Quote from: Timetwister on August 23, 2020, 05:46:25 AM

Quote from: arallmuus on August 22, 2020, 10:35:48 PM

Not everyone would break even after wagering for quite some time, it is either you win or you lose but the fact is that alot more people actually lose so it would still be profitable for the investor

Of course, that's why I said short term. On the long run, investors make 0.5% of what the player wagers. I was just pointing out that the current system makes it possible for a player to be losing money or breaking even while investors are losing money, because of that constant 0.5% fee.

I would say that short term for casino investment is one of the worst ideas out there for investment. Casino investment is a long term thing, I know a guy who works at a casino in an upper management type of position and when we talk he says that even the casino itself (which doesn't accept investments) doesn't make profit every day, they lose money some days and they win some days and the long story short is they do make a profit in the long term.

There are times when they lose so much that 2 months profits are all erased, but then there are days when they make so much money that they could literally retire and never work again, it is really a wild wild ride. Only thing that makes sense in casino investment is to have it long term so you can both have the losses and wins so that you could be in profit, in short term you could just face losses.

I'm not complaining about volatility caused by players winning, anyone who doesn't understand that shouldn't invest. I'm just saying that the current commission system makes it possible for investors to lose money even when players aren't winning, which is strange.

It does make sense if you consider that YOLOdice has other costs too, such as rakeback which goes up to 30%. I'm sure they'd rather have investors handle that instead of hoping that players lose to pay rakeback. The alternate system (50% of net profits) also has it's own pros and cons. For example, if a player lost 50 BTC and then won it back, commission would get paid as if that player lost 50 BTC.