Rakeback Whoring

[janskd2w]

I have rakeback of 20% of house edge. So wagering 1btc I'd get .002btc back in rakeback.

 

Can this be long run profitable by betting large amounts on dice with 99% chance of winning? I dont see why it couldnt be profitable but always end up losing when doing it. Perhaps I am just making bets too large.

 

Thoughts?

[janskd2w]

right but im interested in the actual statistics... technically if I bet small enough to not get busted on a drawdown... over enough bets I would only lose 1% of my balance to the house but I could get a lot from rakeback. correct?

[wry]

1 minute ago, janskd2w said:

right but im interested in the actual statistics... technically if I bet small enough to not get busted on a drawdown... over enough bets I would only lose 1% of my balance to the house but I could get a lot from rakeback. correct?

Think of it this way, your rakeback reduces the house edge to .8% rather than 1%, so you are still looking at a negative EV situation. 

Not saying you can't find something that will work. but sorry, you'll need to be more creative than betting 99%. 

[janskd2w]

ah okay.. so when doing math I should apply house edge on amount wagered? so 1btc wagered on average means house gets 1%? that seems a lot

[Zaynab Shah]

Firstly rakeback is a loss back. 

20% loss back of your wager. 

You are here in a casino to win or loose. 

Not for earning Through the means they provide you aka free money. 

This is ridiculous that you are only trying to get free money from them by trying to wager on low risk. 

Obviously you'll loose in the long run. 

I don't understand what's the point of wagering your 100% for 20%?

Secondly whatever your concern is I don't think the title of your topic is appropriate. 

Wtf do you mean by Whoring? 

[Zaynab Shah]

1 minute ago, DarkBlood069 said:

The funniest part is that if you wager $1000.00 worth of coins - you will only receive $2 worth of rakeback, do you consider that "worth it" ?

Exactly. But I am still happy with that $2.

Because you actually get something back of your loss. 

Though in gambling what lost is lost. 

Still getting even a cent back is something which is appreciated by all of us. 

But the most funny thing than all of this is how people think this feature could be abused for their own benefit. 

I don't understand why people think a casino could be a place for *Whoring* lol 

[meggiemegs]

Yea in the long run you will def lose. I agree this is not a way to earn but to recover some loss but not be a source of income.

[williamshennie9]

The thing with 98% dice is that if you bet on it too frequently, you will end up busting. I once tried to make an easy recovery to going all in on dice 1.01x, and ended up busting on the very first roll

[ieatkdubsass]

I ask for rakeback atleast 6 times a day. Ask any support member. They really hate me.

[Bocchan]

7 hours ago, janskd2w said:

I have rakeback of 20% of house edge. So wagering 1btc I'd get .002btc back in rakeback.

 

Can this be long run profitable by betting large amounts on dice with 99% chance of winning? I dont see why it couldnt be profitable but always end up losing when doing it. Perhaps I am just making bets too large.

 

Thoughts?

I can't claim rakeback, for whatever reason I can't get it I have contacted support but can't

[laron]

7 hours ago, janskd2w said:

I have rakeback of 20% of house edge. So wagering 1btc I'd get .002btc back in rakeback.

 

Can this be long run profitable by betting large amounts on dice with 99% chance of winning? I dont see why it couldnt be profitable but always end up losing when doing it. Perhaps I am just making bets too large.

 

Thoughts?

I don't really understand about the rakeback system itself, I am in the WM by one of the support for rakeback claims I have done and I agree that the Rakeback that I have is 10% is it different for each user?

[Kate]

Well in terms of profitability i can't surely say because it can be profitable if your wager were all wins and not loses , but if they were loses then it would be a huge loss. 

[truemeng]

2 hours ago, Bocchan said:

I can't claim rakeback, for whatever reason I can't get it I have contacted support but can't

Hi. there are certain criteria for you to meet to be eligible for the rakeback.

 

[Etude]

Funny thing is that in the long run if you looking to profit from the rakeback alone the 1% edge would prove to be an obstacle in the long run to remain in profit.

[Stake Staff]

I agree with @Zaynab Shah, the title seems a bit off topic 😅

Either way, it is a way of passive earning, a promo for our active depositors, since the amount received depends on your wager solely 😉 It is our way to give something back to the community yet again and it is usually directly offered by us. 

I found @ieatkdubsass's comment so funny 😂 We don't hate you, on the contrary, there are so many users that come even more often. However, I am surprised by this fact since claiming it daily or after a bigger betting session should really be much smarter move than collecting micro amounts multiple times per day 😉

[ceastem]

Even in the 99% chance to win, there's still a 1% chance to lose. Never underestimate that 1% chance.

I actually tried raising my wagered amount by that technique, but it didn't turn out to be good. After like 50-ish rolls i would lose. There were even times that i lost on first roll. They don't have games here that lets you wager any amount and lose nothing. (unless you wager nothing too)

The thing is, that 20% cannot be "whored"(maybe you meant "hoard") so easily. Yes you can bet a full bitcoin at 99% chance, but you might lose that full bitcoin as soon as your first bet. Good luck with your technique to "whore" the rakebacks, but then again, never underestimate that 1% chance

 

[FotisNt]

1 hour ago, Bojana said:

I agree with @Zaynab Shah, the title seems a bit off topic 😅

Either way, it is a way of passive earning, a promo for our active depositors, since the amount received depends on your wager solely 😉 It is our way to give something back to the community yet again and it is usually directly offered by us. 

I found @ieatkdubsass's comment so funny 😂 We don't hate you, on the contrary, there are so many users that come even more often. However, I am surprised by this fact since claiming it daily or after a bigger betting session should really be much smarter move than collecting micro amounts multiple times per day 😉

Stake is doing so many Promotions for us, its just a gift to get something safed at like a "bank" to recieve it after.

Thanks!

[polor12]

you can actually build up that up. to make it profitable by simply not touching your rakeback after losing your deposit.. once we l have our balance to zero.. we right away to ask for the rakeback.... just hold off on if for as long as you can.. that rakeback can be a big pay off.. 

[barbaris]

I doubt you can talk about profit. Rake back is a nice bonus from the casino. Return from loss if I understand correctly.

[AxelG]

Relying on such a profit in the long run is rather stupid, because the casino is still more likely to win.

[cryptonesiac]

You need to wager 500 times the amount you lose to be break even... so if you manage to do that, you're making a profit

[bmg]

I'm just thankful that I get rakeback.  I mean after all it is free money that your not entitled to and Stake is nice enough to give it back . 

 

[nuuuitsjdragon]

Regardless of the amount, 20% rakeback is still better than none! 

Thank you Stake for once again providing your players with yet another source of micro-income 😁

12 minutes ago, bmg said:

I'm just thankful that I get rakeback.  I mean after all it is free money that your not entitled to and Stake is nice enough to give it back . 

 

WORD.

[Bimfo]

Stake giving a rakeback of 20% is a good number, but you betting all at 99% is not such a smart move because the 1% will definitely eat up all your rakeback.

You are in someone's house and the house always wins at the long run. Just try and be smart with your dice betting. DIce is a very risky game. A dangerous and a risky one.

[nattekut]

For me the rake back is just something extra that I mostly use to fund my giveaways. Since a couple weeks I was invited to the vip members and got my rake back increased to 20%. But as a couple above mentioned. The rake back is a nice extra (gift) of stake but it isnt ment to become profitable. 

I have been involved in rake back for many years in poker. I once got to the level of supernova elite on PokerStars and got a very nice rake back that I could easily use to provide me in my daily expenses. But since they change their rake back system and focus more on the recreational players I quit chasing to level up for larger rake backs.