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Should there be minimum bet amount?


wngo123

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Posted

Some casinos have minimum bet amount. Stake was always proud that they don't have minimum bet. However I wonder if there are any advantages for a user when the minimum bet rules are in place? We know disadvantages, but don't you think that sometimes we don't win a lot because we bet too low? think about all that time when you hit big multiplier and felt sad that you didn't bet more, if there was minimum bet you would actually win more. What is really a point in winning $1.5 with 5 cents? Such a waste of big multiplier. 

Posted

for some players to start a small bet maybe they only do free rolls and will use a large basebet when it reaches the free roll limit, but if for players who have a lot of balance they prefer to play with a large basebet because their balance is indeed large so if they rarely do free roll.

Posted

Advantages are that you could pre roll and this is definitely a good thing to us while the casino... well the casino has nothing to lose because its a 50/50 chance but yeah it needs to have one.

Posted

For me it looks great, the minimum bet the person who makes, everything goes from the bankroll of each, if the person is starting with little and you put a very high minimum bet that will only hurt the bettor, will reduce your chances.

Posted

This is basically summarised with, “The grass is always greener.”

I have seen other casinos with varying levels of minimum bet sizes, and truth is the players still complain regardless of the situation, lol. 

Posted

I believe the advantage of this is to hunt big multipliers in some games. This would not put such a high bank at risk. As the reds increase, we increase the bet by a very low %. Theoretically the odds of seeing a green after several reds are much higher, so from there bets would be made with a higher value.

And what you said is really true, most of the time we lose big multipliers because we bet a low value.

 

Posted

I think it's about the balance of the gambler itself, many try to do free roll but it's mostly only for those who hunt in big payouts and have a small balance, if the balance they have is sufficient, I think the free roll won't be done by the gambler

Posted

I think it is one of the best features of stake where you can bet too low or even 0 base bet. It's an advantage for us players since we can use it in pre-rolling when we are observing the seed. The issue with hitting a high payout with low base bet isn't that unusual, because of course we can't predict accurately the result. I understand your point but i think it's way better for stake to stay like this where we can bet low amounts :) To earn huge or small depends on us, the players anyway. Thank you for a good topic.

Posted

I think a minimum bet amount is always disadvantageous to the player, and an exploitative method for the site. Stake has been kind, and not implemented anything of the sort, and that might be a big contributor to it's success in the industry of online crypto gambling.

A minimum bet requires the users to ALWAYS deposit, or have something in their balance to play. This "something" could come from tips or deposits made by themselves. Starting off with a few trivial issues with minimum bets: The begging would increase multiple folds over (because people will want to play but they cannot deposit, so they will beg.), loaning will become an issue (as if it weren't already.), overall dissatisfaction with the site would increase, possibly also making them lose a majority of their players.

As for the main issue, the site might earn a lot more initially, but as people realise that it is an unfair means of exploiting, they might leave the site, rendering it dead after a while. Also, skeptical views about the site being rigged would surface (since all bets have to have money in them, and people will inevitably lose). This would make the site lose it's credibility even though none of the allegations might be true.

 

I really cannot see any advantage to a minimum bet amount being placed upon the players. Please let me know if you agree or disagree :)

Posted

maybe your words are true, if you hit a big multiplier. what if you get a long red without a hit though. in my opinion, there is no need for a minimum bet, it's up to the player to want to bet according to the balance they have.

Posted
On 10/23/2019 at 2:23 PM, evet said:

I think it is one of the best features of stake where you can bet too low or even 0 base bet. It's an advantage for us players since we can use it in pre-rolling when we are observing the seed. The issue with hitting a high payout with low base bet isn't that unusual, because of course we can't predict accurately the result. I understand your point but i think it's way better for stake to stay like this where we can bet low amounts :) To earn huge or small depends on us, the players anyway. Thank you for a good topic.

I also share your thoughts. it should be like this only, without the determination of the minimum bet in betting. because every gambler sometimes doesn't have the slightest balance and he can't stop himself from betting.
if you think in such a way, there really is no point in betting with a basic bet of 0. But many gamblers simply test with a basic bet of 0 before entering the original bet.

Posted
On 10/22/2019 at 6:15 AM, wngo123 said:

Some casinos have minimum bet amount. Stake was always proud that they don't have minimum bet. However I wonder if there are any advantages for a user when the minimum bet rules are in place? We know disadvantages, but don't you think that sometimes we don't win a lot because we bet too low? think about all that time when you hit big multiplier and felt sad that you didn't bet more, if there was minimum bet you would actually win more. What is really a point in winning $1.5 with 5 cents? Such a waste of big multiplier. 

No I don’t think so.   I think it’s a personal preference and Aome people win huge amounts from the tiniest bets.    It wouldn’t be fair to them.   

Posted

i personally thing there should be a min. bet amount especially on xrp and doge coin, they are alot less worth than like btc or bch, i think it shouldnt be a very high min. but like 1/10th of a cent orso it would sure help with the bet spamming 

Posted

nah mate 
no min bet amount is something rly cool
for players who use auto betting or go for 2x or whatever strategy cuz u can go for more lost rolls in a row with smaller balance and still be able to pull something good 
i pers wouldnt go for auto betting or something like that cuz i dont enjoy it so i see no point in doing it 
but in the other hand my brother enjoys playing like that 
and he makes some profit if he dosnt do something dumb
he used to do some 10x strategy with starting balance of 0.1 doge some increase on lose i dont rly know how he is messing with the dice bot 
but with this tactic he is doubling his balance for 1 hour 
last time he had 15k doge he was betting 0.1 and after 1 hour he had 30k xD 
and he did it couple of more times till raised bet to way more and he ripped 
but if there was min bet amount like 20 cents that means min bet amount is like 50 dogos he couldnt do that tactic with 15k doge lol he would need 2m doge or sometinn haha 

Posted

Yes I see some sites add a minimum amount for bet but on stake not stake allow every bet amount for playing there is no minimum bet limit you play every amount in stake,

I think stake is the best site for gambling

Posted

If they do minimum bet limit people will complain as they don't have mini bet amount people still says about it. Human nature, always criticism no matter is it good or bad. I think adding mini bet amount would be nice. But it shouldn't be much high. 

Posted
2 hours ago, Mahdirakib87 said:

If they do minimum bet limit people will complain as they don't have mini bet amount people still says about it. Human nature, always criticism no matter is it good or bad. I think adding mini bet amount would be nice. But it shouldn't be much high. 

I'm not really concerned about this, in essence, some people definitely don't have some money at stake. however, the minimum bet should be fixed, but as you said, don't be too high, I think even with 1 sath bet doesn't matter as long as don't bet 0

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