wiro212sableng Posted September 5, 2019 #1 Posted September 5, 2019 Until now I am still confused whether the benefits of a casino from a wager contest? Does any of you have the answer?
Thepug Posted September 5, 2019 #2 Posted September 5, 2019 It is all about bringing out game modes, that can entertain customers and keep them on the site.At the moment, there are very few casino sites that are doing something like this. Users have the incentive to wager more and there are many other users that are trying to compete with them. It brings out our competitiveness as we have a main goal. Whereas, with gambling against a casino, there aren't that many bonuses involved with it. You may get rake back, you may get a bonus game, but a race gives you something that you can go for, with your skill, not luck. There are multiple wagering strategies that people can use and it can drastically increase their profit during the stake race. Also, not everyone finishes in profit during the stake race, resulting in more money for Stake. I myself have fallen in to this, as with one race I had a balance for $300 and lost all of it because of bad luck. There is still house edge in play, so even with the safest of strategies, stake can still make money with house edge in play. With more people wagering, there is a higher risk that they lose most of their balance, resulting in a profit that is greater than the value of the race. I hope that I have helped to answer your question now!
wiro212sableng Posted September 5, 2019 Author #3 Posted September 5, 2019 10 minutes ago, Thepug said: It is all about bringing out game modes, that can entertain customers and keep them on the site.At the moment, there are very few casino sites that are doing something like this. Users have the incentive to wager more and there are many other users that are trying to compete with them. It brings out our competitiveness as we have a main goal. Whereas, with gambling against a casino, there aren't that many bonuses involved with it. You may get rake back, you may get a bonus game, but a race gives you something that you can go for, with your skill, not luck. There are multiple wagering strategies that people can use and it can drastically increase their profit during the stake race. Also, not everyone finishes in profit during the stake race, resulting in more money for Stake. I myself have fallen in to this, as with one race I had a balance for $300 and lost all of it because of bad luck. There is still house edge in play, so even with the safest of strategies, stake can still make money with house edge in play. With more people wagering, there is a higher risk that they lose most of their balance, resulting in a profit that is greater than the value of the race. I hope that I have helped to answer your question now! Sure mate, i am very gratefull for your info. I begin to understand now. Thanks
Mahdirakib87 Posted September 6, 2019 #4 Posted September 6, 2019 There is a house edge et every casino. And that depends on wager. That means player will wager much and casino will have profit for this cause of house edge. But how they will get profit.. Well as user will try to wager huge. And the edge will try to give lose. That's all happens automatically. A lot of users try to participate in race. They play with huge and small balance. And playing for wager they lose a lot. Sometimes they focus to achieve position in contest without noticing their lose. And many player went up from low balance. They don't make wd an try to make more wager. Finally bust. That also good for casino. Moreover race or game like this attract new players.
Doge10MN Posted September 6, 2019 #5 Posted September 6, 2019 There is no any giveaway or contest is there is no any profit. Gambler think like gambler... Owner think like owner... If we change our thinking and have enough capital we can do this business... butwe don't have brains, enough capital to start such business and so only using website as gambler. Is there any comparison between highest earning of lucky gambler and owner of website...
jualid Posted September 6, 2019 #6 Posted September 6, 2019 The house edge, the race also attract more people to play on stake casino. Casino got profits from the house edge and also remember, not all race participants are in profits. There must be some players busted because of race.
sheilashe Posted September 6, 2019 #7 Posted September 6, 2019 16 hours ago, wiro212sableng said: Until now I am still confused whether the benefits of a casino from a wager contest? Does any of you have the answer? i think they just want to convince everybody to join the contest, the more the merrier plus more people join more people could bust.
djonox Posted September 6, 2019 #8 Posted September 6, 2019 17 hours ago, Thepug said: It is all about bringing out game modes, that can entertain customers and keep them on the site.At the moment, there are very few casino sites that are doing something like this. Users have the incentive to wager more and there are many other users that are trying to compete with them. It brings out our competitiveness as we have a main goal. Whereas, with gambling against a casino, there aren't that many bonuses involved with it. You may get rake back, you may get a bonus game, but a race gives you something that you can go for, with your skill, not luck. There are multiple wagering strategies that people can use and it can drastically increase their profit during the stake race. Also, not everyone finishes in profit during the stake race, resulting in more money for Stake. I myself have fallen in to this, as with one race I had a balance for $300 and lost all of it because of bad luck. There is still house edge in play, so even with the safest of strategies, stake can still make money with house edge in play. With more people wagering, there is a higher risk that they lose most of their balance, resulting in a profit that is greater than the value of the race. I hope that I have helped to answer your question now! here is a summary of the situation of stake and these advantages
cukup2 Posted September 6, 2019 #9 Posted September 6, 2019 what I feel when participating in the Wagerd contest mostly I always lose and it is very difficult to win when only looking for Wagerd but different when playing normally even though the Wagerd is small but can profit, in contrast to the intention to take the Wagerd contest it is difficult to win. so it's possible when the web makes a contest a lot of income to the web because many players who play with low payouts are sometimes often longred
CntryBoy Posted September 6, 2019 #10 Posted September 6, 2019 The wager contests or races definitely benefit the casino from a profit stand point. If the house edge is 1%, is is safe to assume the house makes a killing in these because everyone generally wagers much more than they would under normal circumstances chasing the prizes offered during the competition...
wngo123 Posted September 6, 2019 #11 Posted September 6, 2019 The answer is very easy. If they can afford 0.5 btc price it means during mega race, stake earns at least twice during the race, but personally I think they earn much, much more. Otherwise they wouldn't be giving up those prizes because stake is a business not charity.
Mahdirakib87 Posted September 7, 2019 #12 Posted September 7, 2019 13 hours ago, CntryBoy said: The wager contests or races definitely benefit the casino from a profit stand point. If the house edge is 1%, is is safe to assume the house makes a killing in these because everyone generally wagers much more than they would under normal circumstances chasing the prizes offered during the competition... That what it think and said also. Casino/stake have house edge on their site. And casino makes profit for house edge. During race time all user try to make huge wager and obtain position in top. Those wager makes plus effect on site profit. As there is house edge user will lose the way as they will try to make huge wager. That what house edge does... “The casinos don't beat the players because they get lucky, they beat the players because the odds are stacked in their favor. This built-in advantage is called the house edge. In numbers, it's the the casino's average profit from a player's bet/wager.”
dicesouke Posted September 7, 2019 #13 Posted September 7, 2019 11 hours ago, wngo123 said: The answer is very easy. If they can afford 0.5 btc price it means during mega race, stake earns at least twice during the race, but personally I think they earn much, much more. Otherwise they wouldn't be giving up those prizes because stake is a business not charity. lol yeah this is not a charity that the site is only giving away free money , its a busines ( a gambling business ) . gambling or gambling sites ( online ) are always known to be profitable because most gamblers were known to loose but its not about loosing but its about enjoying and feeling the gambling ambiance . stake might earned alot so in order to thank thier players , they are offering a small gift/bonus but with a twist so that no one abuses it . and your right they are earning from these races because not all that those who wagger are winning .
virgili0 Posted September 7, 2019 #14 Posted September 7, 2019 i think its just for fun, so that they can entertain their customer or fellow players, gambler on stake.
wiro212sableng Posted September 7, 2019 Author #15 Posted September 7, 2019 17 hours ago, jualid said: The house edge, the race also attract more people to play on stake casino. Casino got profits from the house edge and also remember, not all race participants are in profits. There must be some players busted because of race. 17 hours ago, sheilashe said: i think they just want to convince everybody to join the contest, the more the merrier plus more people join more people could bust. 16 hours ago, djonox said: here is a summary of the situation of stake and these advantages 15 hours ago, cukup2 said: what I feel when participating in the Wagerd contest mostly I always lose and it is very difficult to win when only looking for Wagerd but different when playing normally even though the Wagerd is small but can profit, in contrast to the intention to take the Wagerd contest it is difficult to win. so it's possible when the web makes a contest a lot of income to the web because many players who play with low payouts are sometimes often longred 15 hours ago, CntryBoy said: The wager contests or races definitely benefit the casino from a profit stand point. If the house edge is 1%, is is safe to assume the house makes a killing in these because everyone generally wagers much more than they would under normal circumstances chasing the prizes offered during the competition... 11 hours ago, wngo123 said: The answer is very easy. If they can afford 0.5 btc price it means during mega race, stake earns at least twice during the race, but personally I think they earn much, much more. Otherwise they wouldn't be giving up those prizes because stake is a business not charity. 1 hour ago, Mahdirakib87 said: That what it think and said also. Casino/stake have house edge on their site. And casino makes profit for house edge. During race time all user try to make huge wager and obtain position in top. Those wager makes plus effect on site profit. As there is house edge user will lose the way as they will try to make huge wager. That what house edge does... “The casinos don't beat the players because they get lucky, they beat the players because the odds are stacked in their favor. This built-in advantage is called the house edge. In numbers, it's the the casino's average profit from a player's bet/wager.” 7 minutes ago, dicesouke said: lol yeah this is not a charity that the site is only giving away free money , its a busines ( a gambling business ) . gambling or gambling sites ( online ) are always known to be profitable because most gamblers were known to loose but its not about loosing but its about enjoying and feeling the gambling ambiance . stake might earned alot so in order to thank thier players , they are offering a small gift/bonus but with a twist so that no one abuses it . and your right they are earning from these races because not all that those who wagger are winning . 6 minutes ago, virgili0 said: i think its just for fun, so that they can entertain their customer or fellow players, gambler on stake. Casino have a mission get a profit right? With race every people do bet high base bet on small payout, unfortunatelly that was bad move for some player. Red almost they gotten so. The fact is more people bustes during a race depend with people who get a profit . That means a lot of profit for casino.
virgili0 Posted September 7, 2019 #16 Posted September 7, 2019 16 hours ago, wiro212sableng said: Casino have a mission get a profit right? With race every people do bet high base bet on small payout, unfortunatelly that was bad move for some player. Red almost they gotten so. The fact is more people bustes during a race depend with people who get a profit . That means a lot of profit for casino. you are so right with this answer that you have on your mind, actuall thats the whole agenda, i think they want people to panic bet, since there is a time limit, so people will do the best they can to wagger the most to get the 1st or atleast top 10, and its the dumbess decision of all
FotisNt Posted September 7, 2019 #17 Posted September 7, 2019 Well, I guess there is definitely a loss when players trying only to wager. Some of them might play with a really dumb way and rechieve less funds out of the event, much less than the amounts they lost. Also marketing would be a nice reason.
josiemar Posted September 7, 2019 #18 Posted September 7, 2019 yeah i think sir, all you need to do is to wager and enjoy playing, dont mind the race coz its only for stake marketing strategy
wiro212sableng Posted September 7, 2019 Author #19 Posted September 7, 2019 20 minutes ago, FotisNt said: Well, I guess there is definitely a loss when players trying only to wager. Some of them might play with a really dumb way and rechieve less funds out of the event, much less than the amounts they lost. Also marketing would be a nice reason. Crystal reason mate... how does marketing work. $_$
josiemar Posted September 7, 2019 #20 Posted September 7, 2019 3 minutes ago, wiro212sableng said: Crystal reason mate... how does marketing work. $_$ when people see that there is a reward for the people who waggered high, they will come on stake, instead of playing to other csino site, and they will choose stake since theres a lot of giveaway.
sheenazbay Posted September 7, 2019 #21 Posted September 7, 2019 wager contest or race, it is a race for users who have a large balance, the greater the wager, the greater the reward that gets, and it is a site advantage, because users who have a large balance will try to get a big wager quickly without thinking about profit. . and if they bust, then that is the site's advantage
Enzo Posted September 9, 2019 #22 Posted September 9, 2019 Players only benefit directly if they wager without losing, otherwise they will only make up for lost money with race profits. In terms of benefiting the casino, players don't know how to efficently wager a lot without losing much. It's simpler then it sounds and yet no one makes use of smart wagering techniques. That's where the casino makes money.
wiro212sableng Posted September 17, 2019 Author #23 Posted September 17, 2019 On 9/7/2019 at 2:59 PM, josiemar said: when people see that there is a reward for the people who waggered high, they will come on stake, instead of playing to other csino site, and they will choose stake since theres a lot of giveaway. Really they are, stake be a top site for them to comes. On 9/7/2019 at 4:12 PM, sheenazbay said: wager contest or race, it is a race for users who have a large balance, the greater the wager, the greater the reward that gets, and it is a site advantage, because users who have a large balance will try to get a big wager quickly without thinking about profit. . and if they bust, then that is the site's advantage Correct answer, racer though a wagered only, without think to profit. Lol On 9/8/2019 at 3:57 PM, blurrijs said: Most of the time the casinos make more than double of the money back that they were giving away in the contest, because a lot of people are trying to get 1st place which makes them lose more. Yea... prize not worthy than a loses, we've seen that so many times in race, how many big fish with red bet in HR chasing a wagered only.
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