Eddies Guarantee...

[2pinks]

Didn't notice the whole existence of the free bet, started using it for the first time last week and this week it's already nerfed. Damn how disappointing.

[zayonara]

They probably noticed that they cant give money out that way

[Gavin13]

Oh my God

Oh my God

[Rusozarate]

I don't really mind. I mean, it's a great promotion still, if you forget about the way it was before.

What I truly depise is that the picks are garbage. There's almost no value from those picks, and fail 90% of the time. I do a lot of sports betting, and only take these picks because of the promotion.

Anyways, it's an understandable decision, I think they should've communicated this change somehow, I know they don't have to, but would've been nice. I'm pretty sure A LOT of people will expect a full refund this week and will be disappointed.

[abowie2809]

I quite enjoy eddies guarantee 

[letsgooooo]

Kinda sucks, but it makes sense because people could abuse it. And we cant really complain lol

[Xylber]

The rules says bets will be refunded, half of it within 48 hours... are they really not paying the other half?

Quote

- Bets will be refunded if selection does not win
- Half-Refunds will be sent out within 48 hours

It is still a great promo even at 50%, but I feel tricked this time, and the feeling of being tricked is worst than losing some bucks... it would be better to clarify that only 50% was going to be refunded or change the name of the promo, or not make the promo at all.

[akocbayabas]

I think im done bet to this anymore..imagine half refund + 48 hours waiting and the worst of that there is no guaranteed you can win this bet because of difficulty...this is 100% lose your half bet...think twice guys.this is not eddie's pick guaranteed anymore..they change to eddie's pick suck.

[dupeddonk]

13 minutes ago, akocbayabas said:

there is no guaranteed you can win this bet

that's what makes it a bet

13 minutes ago, akocbayabas said:

this is 100% lose your half bet

no it's not.  You either win the whole bet or lose half of your bet.  

[v1rtu0s]

On 10/9/2021 at 2:36 PM, dupeddonk said:

cry harder.

We're getting less free money.  More free money would be better, yes, but in the end the overall reaction is no different than a child  throwing a tantrum over a cookie that they were never promised but thought they would probably get.

I suppose you also think "buy 1 get 2"-actions are "free gifts" of corporations, do you?

[Tipsnightmare]

To anyone defending-  stake.

let me forst tell you what sports betting is-

1 not backing your favourite team 

but to back a team /player whose odds are appropriate or more than his chances of win thats the only way you make money in gambling unfortunately 0.78 % of gamblers actually are up ⬆️ in their gambling profession/hobby.

whats wrong with eddie half gurrantee i will tell you - straight from a pro sportsbetter (check out the username anywhere else)

1- you needed to wager 1k min to participate (10$ loss almost 9/10 times you wager coz casino games can be ri….d)

2- you would still be up if the gurranteed hit if it lost you lost 10$ so not free.

 

3- now you all think 50% refund is still better ?

i will tell you what you are missing!

1- go check the odds of the bet eddie gurrantee (sorry half) picks for example panthers  this week was 1.8 right, now you should have checked any other betting site it was 2.05-2.1 for the same event.

so stake is intensionally lowering it down to make profits when the bet losses.

 

now 2 stake has a sports team of pros too like us, which makes sure to pick wrong favourites those whose odds are wrongly favourites and underdog has better chances of winning than what actually is - here the pro gambler actually handicap the underdog and get value - so stake tries to pick always losing favourites and succeeds most of the time hencee eddie gurrantees has 65% losing bets! Now not so much free momey right.

 

- lower odds

- losing favourites 

yet full gurrantee somehow made you lose just 10$ and decreased your profits on wins due to low odds but now they just went another lverl by making it half refund.

 

- i will tell you why its evene worse than actually even placing a bet-

since you are not even choosing your team eddie is choosing one which will lose for you:)

so be aware and now as a pro i can recommend the only way you can still win and use this promo now is-

pick and choose the winning bet from the losing bet - that way you don’t back the losing bet !

and to stake mods and eddie 

shame for such a nice platform which we all loved to go to this distance , still change it gusy are atleast give tips to win like you guys did in September tjose were actual favourites! Still hoping for stake to stop doing the dirty stuff so taht we cna all keep promoting the platform.

good luck

tipsnightmare 

 

 

 

[dupeddonk]

1 hour ago, v1rtu0s said:

I suppose you also think "buy 1 get 2"-actions are "free gifts" of corporations, do you?

You're right.  I should say free value, not free money.  

10 minutes ago, Tipsnightmare said:

whats wrong with eddie half gurrantee i will tell you - straight from a pro sportsbetter (check out the username anywhere else)

1- you needed to wager 1k min to participate (10$ loss almost 9/10 times you wager coz casino games can be ri….d)

2- you would still be up if the gurranteed hit if it lost you lost 10$ so not free.

Just because it's not free money doesn't mean it's wrong to offer it.

You're basically just getting  a really good price on  a bet once a week now.  Take it if you want, or don't.  But don't act like you're entitled to something more.

[v1rtu0s]

7 hours ago, dupeddonk said:

You're right.  I should say free value, not free money.  

Well, and here stops the conversation. Who really thinks that in a capitalist system there exists something like "free value" by BUYING something from a corporation better think again, long and hard, if that makes any sense at all. That's logically impossible. Of course the price of the 2nd item is already accounted for (or else the company would just exist for a very short amount of time)

Corporations aren't states nor are they charities. They are NOT giving things away, NEVER. If they do, they go bankrupt. That's how this works.

By the way, I dont understand why you would defend stake with their multi-million dollar profits per year against a few users MAYBE gaining a few bucks advantage. That's morally questionable at best, but that's neither here nor there, I'm sure you would disagree. I just don't get it.

[dupeddonk]

3 hours ago, v1rtu0s said:

By the way, I dont understand why you would defend stake with their multi-million dollar profits per year against a few users MAYBE gaining a few bucks advantage. That's morally questionable at best, but that's neither here nor there, I'm sure you would disagree. I just don't get it.

I see it more as defending the players and community as a whole from looking like we're all a bunch of lunatics.  The forum is a  echo chamber full of nonsense criticism and bogus accusations  - and the people making them are part of the reason when legitimate issues are brought up it take so much effort to bring attention to it with all the garbage.

[Xylber]

11 hours ago, Tipsnightmare said:

 

1- you needed to wager 1k min to participate (10$ loss almost 9/10 times you wager coz casino games can be ri….d)

2- you would still be up if the gurranteed hit if it lost you lost 10$ so not free.

 

3- now you all think 50% refund is still better ?

i will tell you what you are missing!

1- go check the odds of the bet eddie gurrantee (sorry half) picks for example panthers  this week was 1.8 right, now you should have checked any other betting site it was 2.05-2.1 for the same event.

 

 

Let's make the maths. Let's say an event has a 50% chance of happening (thus, fair odds should be 2.0), but Stake takes a House Edge an pays only 1.50 (25% house edge for this example, while sportbets usually take 8/12%).

Just to play this bet, you wager those 1000usd dollars and lost 10usd (1% house edge, this is expected).
Now you bet 50 dollars:
50% of the time you will win 50*1.50 (75usd), minus 10usd you lost for wagering 1000usd.
50% of the time you will lose 25usd (half-refund), minus 10usd you lost for wagering 1000usd.

In 100 bets you will end up getting:
50 wins = [(50usd*1.50)-10usd]*50bets = 3250usd
50 loses =  [-25usd-10usd]*50bets = -1750usd
3250usd-1750usd= 1500usd positive.

House edge is -30% (30% in favor of the player).

As I said, it is still a good promo (as long as you bet 50usd).

[v1rtu0s]

1 hour ago, dupeddonk said:

I see it more as defending the players and community as a whole from looking like we're all a bunch of lunatics.  The forum is a  echo chamber full of nonsense criticism and bogus accusations  - and the people making them are part of the reason when legitimate issues are brought up it take so much effort to bring attention to it with all the garbage.

Well, I kinda see what you're getting at and can maybe sympathize with the idea but when in doubt, you should stand always with the common people and the users, not the big multi million dollar companies. 

Specific criticism of certain promotions however (as it was in this thread here) is totally legitimate. It wasn't rambling about "rigging" just because someone lost. It was on point, asked obvious and (for stake) uncomfortable questions - I thought it was a good posting. Maybe focus your energy more where you actually got a valid point. It's certainly not here.

@Xylber

Quote

In 100 bets you will end up getting:

100 bets are 100 weeks. One hundred weeks. Maybe smaller, more short term oriented examples would bring your point across better. You're still not wrong though.

[ameobi]

1 hour ago, Xylber said:

Let's make the maths. Let's say an event has a 50% chance of happening (thus, fair odds should be 2.0), but Stake takes a House Edge an pays only 1.50 (25% house edge for this example, while sportbets usually take 8/12%).

Just to play this bet, you wager those 1000usd dollars and lost 10usd (1% house edge, this is expected).
Now you bet 50 dollars:
50% of the time you will win 50*1.50 (75usd), minus 10usd you lost for wagering 1000usd.
50% of the time you will lose 25usd (half-refund), minus 10usd you lost for wagering 1000usd.

In 100 bets you will end up getting:
50 wins = [(50usd*1.50)-10usd]*50bets = 3250usd
50 loses =  [-25usd-10usd]*50bets = -1750usd
3250usd-1750usd= 1500usd positive.

House edge is -30% (30% in favor of the player).

As I said, it is still a good promo (as long as you bet 50usd).

Your math is all wrong man.

You count the 50$ bet as a win.  You should count only the profit.

let’s take one month (4 weeks), as an example. 
You bet 50$ every time.

You already -40$ because you need to wager 1000$ every week right? Ok.

Now, if you win twice = you are +50 (25 profit for 1.5 odds * 2).

But you also lose twice, so you lost half bet each time = -50$. 
So at the end of the month you are -40$.

If you could choose your own bet - that would have changed things.

[dupeddonk]

3 hours ago, ameobi said:

Your math is all wrong man.

You count the 50$ bet as a win.  You should count only the profit.

let’s take one month (4 weeks), as an example. 
You bet 50$ every time.

You already -40$ because you need to wager 1000$ every week right? Ok.

Now, if you win twice = you are +50 (25 profit for 1.5 odds * 2).

But you also lose twice, so you lost half bet each time = -50$. 
So at the end of the month you are -40$.

If you could choose your own bet - that would have changed things.

A simple way to look at the value in the new 50% promo is as an odds boost.

This week the line was around 1.8.  With the promotion it becomes 2.6.  You risk $50 to profit $80.

Also, if you're just here to try and squeak out a profit from their promotions without risking any money - you shouldn't really expect them to give a shit about what you think.  They are trying to make money.  From you.  

 

3 hours ago, v1rtu0s said:

you should stand always with the common people and the users, not the big multi million dollar companies. 

You should stand by your own independent views, not embrace a mob mentality.

[Tipsnightmare]

Well guys we all have our opinion, we will spend our own money here, some win overallmost 99% lose and still are ok since casino does hive you joy and happy moments and you do enjoy. Community of gamblers here. 
so do what you feel won’t hurt your life yet giv eyou the fun you can afford and chill.

 

as per stake- i will say again, its not eddie’s gurrantee anymore since thye won’t cover your full loss.

so the wwhole point is about stake being more transparent just cancel the promo, started a new promo with new name eddie half gurrantee and we would be reading the terms and than its upto us to participate or not. 
 what is wrong here and in any legal terms is ehne you offer something you can’t chnage the terms midway, basic law.

 

so stake just be more transparent mot cheeky.

nobody goes to a cafe which advertises  5$ for a coffee on its poster and when the bill comes, those small options like cream and shit makes the final price 30 bucks customers feel cheated..

 

starvuks is overpriced yet transparent 30 is 30 so you still know what you are paying .

anyways we all are adults we know what is good /bad for us but stake be transparent.

[Xylber]

On 10/11/2021 at 2:42 PM, ameobi said:

Your math is all wrong man.

You count the 50$ bet as a win.  You should count only the profit.

let’s take one month (4 weeks), as an example. 
You bet 50$ every time.

You already -40$ because you need to wager 1000$ every week right? Ok.

Now, if you win twice = you are +50 (25 profit for 1.5 odds * 2).

But you also lose twice, so you lost half bet each time = -50$. 
So at the end of the month you are -40$.

If you could choose your own bet - that would have changed things.

You are right, I forgot to extract my own bet. And the House edge is huge:

In 100 bets you will end up getting:
-10usd (wagering) - 50usd (bet) * 100 bets = -6000usd
50 wins = [(50usd*1.50)]*50bets = 3750usd
50 loses = [(50usd*0.5refund)]*50bets = 1250usd
3750+1250-6000= -1000usd 

OR

50 wins = [(50usd*1.50)-10usd-50usd]*50bets = 750usd
50 loses =  [-25usd-10usd]*50bets = -1750usd
750usd-1750usd= -1000usd

House edge is 20% against the player


BTW: With House Edge of 1% (for example, in Dice), wagering 1000usd will make you lose 10usd.

[otzenimmelt]

with only 50% of the bet covered i am kinda scared to take his picks... i would rather cap the promo at $25 or even $10

[dupeddonk]

On 10/12/2021 at 2:05 PM, Xylber said:

50 wins = [(50usd*1.50)-10usd-50usd]*50bets = 750usd

Is 1.5 the odds of the bet?  

If you're assuming you'll win 50 out of 100 bets, then the odds would be around 1.95 right?

[Xylber]

8 hours ago, dupeddonk said:

Is 1.5 the odds of the bet?  

If you're assuming you'll win 50 out of 100 bets, then the odds would be around 1.95 right?

Yes, it would be closer to 1.90. The 1.50 was the worst case scenario. And I'm also asuming you need to bet 1000usd just to enter into this promo, while the common player bet 1000usd anyway, having it or not.

So, it is still a good promo as long as you are not betting 1000usd just to enter into it.

[dupeddonk]

14 minutes ago, Xylber said:

Yes, it would be closer to 1.90. The 1.50 was the worst case scenario. And I'm also asuming you need to bet 1000usd just to enter into this promo, while the common player bet 1000usd anyway, having it or not.

So, it is still a good promo as long as you are not betting 1000usd just to enter into it.

Another way to think about it is simply a 100% odds boost.  If you bet the full $100, and it's an even money bet (2.0), you're getting 2-1 odds (3.0) on the $50 you actually have at risk,

 

 

[maverick528]

On 10/11/2021 at 9:25 AM, v1rtu0s said:

 

Corporations aren't states nor are they charities. They are NOT giving things away, NEVER. If they do, they go bankrupt. That's how this works.

 

Every day there are not one but TWO Telegram challenges, where ppl can win prizes betting $0 amount.

You dont have any other obligation to depo, have a wager amount or anything else. If you reached the status where you can use the chat box (and this lasts forever unless you screw it) , you can join this challenges forever, for free.

It is not true that a corporation CAN give free gifts without asking for anything else.