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Where does it go and come from ?


Kate

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Posted

We all love our site Stake and we have lots of fun because come on face it the staff is friendly , support is great and good looking and the moderators are also strict enough and also playful. When we play the game we want in Stake and make a certain amount of bet which could be for example : 0.001 BTC and if we win the game we get a certain amount of Bitcoin or any of the coin you bet as a profit back and sometimes or mostly if we have bad luck and loose the bet our balance is gone which means we busted that amount. Now when we loose where does our balance go to ? 

I was thinking maybe it went to Edward's account ? Because one of the streams he had a balance of 15 BTC so i thought our busted balance goes and comes from there or maybe there is an account with all the balance going there and the profits are also credited from that account to our account. 

What do you guys think ? Where does the busted balance go and where does the profit come from ? 

Posted

I don't think like that. And that's might be not the real thing you saying. The balance we lose goes to the site bankroll and the profit we get comes from the bankroll maybe. I'm not sure. But I'm quite sure that bust and profit balance don't goes to any account or come from it. If they make visible the site stats you can see that every second it's changing. Site profit going up and down as every bet placing by users. Mostly gambling site stay overall profited for the house edge. I don't think there is any connection with account and site profit.

Posted
37 minutes ago, Kate said:

We all love our site Stake and we have lots of fun because come on face it the staff is friendly , support is great and good looking and the moderators are also strict enough and also playful. When we play the game we want in Stake and make a certain amount of bet which could be for example : 0.001 BTC and if we win the game we get a certain amount of Bitcoin or any of the coin you bet as a profit back and sometimes or mostly if we have bad luck and loose the bet our balance is gone which means we busted that amount. Now when we loose where does our balance go to ? 

I was thinking maybe it went to Edward's account ? Because one of the streams he had a balance of 15 BTC so i thought our busted balance goes and comes from there or maybe there is an account with all the balance going there and the profits are also credited from that account to our account. 

What do you guys think ? Where does the busted balance go and where does the profit come from ? 

xD it goes in to the evil infinitely large stake monster wallet, it can never be filled. Or it just disperses, aka the database updates the balance to 0

Posted

It actually depends on the website, as an example, the casino I used to work for had an administrator privilege that some specific users had. The total amount of the website's profit was written in the admin panel and for the casino games except poker, there was a separate username called Casino. When a player lost his money, the lost amount was added to the Casino user.  Not sure if what I explained was clear or not lol might sound a little confusing.

Posted
40 minutes ago, Hitman001 said:

Maybe the money we bust goes to his account or goes 10% to every support  or something like it but maybe goes to Edward account i haven't seen his stream but i think soo

I wanna create a website like edward to earn a lot of money.

Thanks

Well why 10%  to support though ? I guess he tips them everyweek for the giveaway payouts and maybe for tipping mods to give rains and trivias.

Posted

I would think that Stake has an account which holds all the coins (i.e. the "pool" of real bitcoins). I think the balances on our accounts are just a visual balance, and when you deposit, it is added to this "pool", and when you withdraw, it is taken from the "pool", and just visually deducted from your Stake account balance.

Just my thoughts on how it is done :) PS The funds won't be stored in Eddie's account. The maximum profit is 10BTC, so Stake must have at least 1,000 BTC's in this "pool" to facilitate all withdrawals :)

Posted
45 minutes ago, williamshennie9 said:

I would think that Stake has an account which holds all the coins (i.e. the "pool" of real bitcoins). I think the balances on our accounts are just a visual balance, and when you deposit, it is added to this "pool", and when you withdraw, it is taken from the "pool", and just visually deducted from your Stake account balance.

Just my thoughts on how it is done :) PS The funds won't be stored in Eddie's account. The maximum profit is 10BTC, so Stake must have at least 1,000 BTC's in this "pool" to facilitate all withdrawals :)

Oh yeah that could be a thing so when we loose its only a visual difference and nothing else happens and when we win it's again a visual difference. Good thinking tho . 

Posted

Most probably it goes to a "Site Bankroll Profit" portion of the website. The balance shown on players might just be a corresponding signal in order to process the withdrawal amount from hotwallet.

  • Administrator
Posted

When you receive rain from the rain-bot that is a debit on our accounting. When (Or if) you lose that rain back to us it's a credit. There's a lot of other actions which will create credits or debits on our accounts but at the end of the day, just like with any decent accounting system, everything always adds up to zero. As cool as having an account for all lost money sounds, it's more just a statistic/graph lol

Posted

Where does it come from, where does it go? Where does it come from, Cotton-Eye Stake.

But yeah, storing lost balance in an account wouldn't be the safest option either. Its just credits or debits against their bankroll.

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