Rakeback Promos on deposits

[blueprints]

I think stake should have rakeback promotions on the losses of 1 deposit. So before you deposit, you activate it and you get like 10% back of what you lose. 10% max of deposit. 

Would make losing a lot lighter with something like this. 

[irawk0]

It does sound nice but right off the top of my head sounds like something easily abuseable. 

For example, someone deposits 1BTC, wagers on dice for 50/50 for a very long time, loses maybe 2% because of house edge/red streaks and gains 10% rake then withdraw.

(btw I've tried dice on 50/50 overnight and didn't really end up losing much at all.

[ravenyvolle2]

Will be good, i think they have some rakebacks of some sorts too:) But best to contact live support. 

 

[dmbadillo10]

29 minutes ago, blueprints said:

I think stake should have rakeback promotions on the losses of 1 deposit. So before you deposit, you activate it and you get like 10% back of what you lose. 10% max of deposit. 

Would make losing a lot lighter with something like this. 

Good suggestion.

But this kinds of promos should only be time-limited, I think.

[Etude]

This sounds like a great suggestion for both party, the owners and and customers (us). It can encourage users to make deposits more actively while the customers gain some benefits doing this too. So far, this has actually been done a few times in terms of offers through e-mail from the marketing team I believe but only to a selected group of players.

[xtinepink]

This is rakeback thing is already existing, though I am not sure of what percentage it is. You can actually just contact any of the support but I believe that there are some qualifications for that

 

[williamshennie9]

I lot of online casinos have deposit bonuses, so you get 10% of your deposit as a bonus. The 10% is then subject to minimum wagering requirements, which are often difficult to fulfill. I wonder if Stake will do this in the future...

[ceastem]

3 hours ago, irawk0 said:

It does sound nice but right off the top of my head sounds like something easily abuseable. 

For example, someone deposits 1BTC, wagers on dice for 50/50 for a very long time, loses maybe 2% because of house edge/red streaks and gains 10% rake then withdraw.

(btw I've tried dice on 50/50 overnight and didn't really end up losing much at all.

I do not understand the abuse here though, since the user bets even with a 50/50 chance, i believe this is what stake wants. To have us deposit and risk it. Cause not everytime we win and not everytime we lose.

So yeah i dont think this will lead to abuse compared to faucet faeming or payper post farming where userd need not to wager anything to get a few cents.

I think all in all for this idea to be a good idea and will surely attract more depositing players. Which is again good for stake and the users.

[irawk0]

11 minutes ago, ceastem said:

I do not understand the abuse here though, since the user bets even with a 50/50 chance, i believe this is what stake wants. To have us deposit and risk it. Cause not everytime we win and not everytime we lose.

So yeah i dont think this will lead to abuse compared to faucet faeming or payper post farming where userd need not to wager anything to get a few cents.

I think all in all for this idea to be a good idea and will surely attract more depositing players. Which is again good for stake and the users.

Let's say for example you are playing dice, which is 49.5/50.5 because of 1% house edge. If there weren't any house edge and you were playing 50/50 you should end up with mostly the same balance after playing lets say.... 10,000 dice rolls. With the house edge, you would end up with roughly 99% of your bankroll after 10,000 dice rolls. If you get 10% rake back on deposit for anyone (HR is different), you would end up with 109%. Theoretically this means you can literally make money by taking minimum risk, which is not what a casino is designed for.

Btw, there is also a hidden thing I might've alluded to here, not sure if you will get it but I'm not saying.

[blueprints]

Its not 10% rakeback on deposits, its on the total loss of the deposit. So only if you lose everything, you get 10% back. This isnt abusable, there would be no way to profit if you have to lose everything first before getting rakeback lol. 

Perhaps i should say loss back instead of rakeback. 

Stake does have some rakeback promos but the amount you have to wager is ridiculously high. For example for the last email rakeback promo, you have to wager 9 btc within 3 days to get 10% rakeback on the house edge.