ByteMeTwice Posted December 25, 2022 #1 Posted December 25, 2022 Just did a quick calculation there don't know why I never thought to do it before. You need to be gambling over $754K per year (pro-rata) to qualify for a try at getting a $5 bonus at today's rate !!
ByteMeTwice Posted December 25, 2022 Author #2 Posted December 25, 2022 Stake pays out $25000 each time they drop one of these bonus $5 to 5000 units (players) so at 10 bonus drops per day (giving Stake a massive break here) Stake "gives away" $250,000 every day for 25 days = $6,250,00 Very Nice payouts !! Staying with the same figures Each claims claims $50 per day x25 days = One unit claims $1250 over the whole period of the promotion. To be eligible each unit needs to wager $14500 per week, or $2071.43 per day for 25 days total wager = $51,785.71 per unit (approx) For one person to be eligible to claim every bonus drop they must wager: Minimum $51785.71 to receive a maximum bonus of $1250 or 2.4138% So assuming you receive every single bonus, the most you can get is 2.4138% of your wager. Every time you miss one... this percentage goes down dramatically Doesn't seem to be so FREE now does it ?
Googz Posted December 25, 2022 #3 Posted December 25, 2022 Free Scam, the only one making money there is stake.
skleven Posted December 25, 2022 #4 Posted December 25, 2022 The fanboys won`t accept math here at Stake. But i`m very happy i have not been able to claim these more than the first days. The losses would be insane.
ByteMeTwice Posted December 25, 2022 Author #5 Posted December 25, 2022 4 minutes ago, skleven said: The fanboys won`t accept math here at Stake. But i`m very happy i have not been able to claim these more than the first days. The losses would be insane. Me Too .. I stopped worrying about wagers and bonus's etc when they introduced the level 2 verification scam ! I think I've made 2 deposits since then also !
Googz Posted December 25, 2022 #6 Posted December 25, 2022 Loose 1mill and get 50$ as free money as they call it lmao
skleven Posted December 25, 2022 #7 Posted December 25, 2022 1 minute ago, ByteMeTwice said: Me Too .. I stopped worrying about wagers and bonus's etc when they introduced the level 2 scam ! I have never worried about KYC. At least up to level 3. So i don`t get that part amongst players here. But when it comes to the wagering requirements, They will set it as high as they can get away with. Stake is living large these days, but it can`t be sustainable for them in the long run. They will end up in a loosing money loop with sponsored players and streamers. If you look at the historicly main competator for stake, who was maybe the biggest a few years back, now has 8000 visitors daily. Stake now sometimes over 300k. When all their loyal players (who they have excluded in almost every promo) leaves, the house of cards will fall.
sound Posted December 25, 2022 #11 Posted December 25, 2022 you should calculate the cost for the casino not for the consumer 🤣
Tokai2021 Posted December 25, 2022 #12 Posted December 25, 2022 1 hour ago, BGjack1 said: Incoming Dupped to prove otherwise haha i love that!
Tokai2021 Posted December 25, 2022 #14 Posted December 25, 2022 11 hours ago, ByteMeTwice said: Just did a quick calculation there don't know why I never thought to do it before. You need to be gambling over $754K per year (pro-rata) to qualify for a try at getting a $5 bonus at today's rate !! but this seems very easy. just plan to go broke
youcheckibet Posted December 25, 2022 #15 Posted December 25, 2022 Interesting to see the maths. I certainly wouldn't go out my way to get this 'free' bonus, but if you are already wagering that amt then it is nice I suppose to get extra.
dvdx1995 Posted December 25, 2022 #17 Posted December 25, 2022 considering if you would just wager on casino games like dice/limbo with rtp 99% you could get a profit from only code bonus drops if you would catch at least 60% of them, so from only this one promotion for the almost whole december, if you're smart you could get some. but here we come to the point where stake exactly know how the awarege person who has 14k wager has the rtp , if youre are under97% rtp it's clear for stake you wont be able to be on profit even after claiming all bonus drops for the week. simple as that, this promotion is promotion for casino to get more revenue, not to lose or have less reveniue, christmast and whole december is a harvest time for casino.
sahil777 Posted December 25, 2022 #18 Posted December 25, 2022 5 hours ago, ByteMeTwice said: Me Too .. I stopped worrying about wagers and bonus's etc when they introduced the level 2 verification scam ! I think I've made 2 deposits since then also ! 100% agreed, why tafak a gambling site needs your documents, your personal documents, this is fishy, in the name of security lol, i will never do the 2nd level even if they stop giving weekly n monthly too.
Pearl234 Posted December 25, 2022 #19 Posted December 25, 2022 the rich get richer. a small person like me can only stroke the chest, the minimum wagger to claim the bonus is very high.
ByteMeTwice Posted December 25, 2022 Author #20 Posted December 25, 2022 7 hours ago, sound said: you should calculate the cost for the casino not for the consumer 🤣 10 bonus drops per day (i don't recall this being reached on any day) Stake "gives away" $250,000 every day for 25 days = $6,250,000 The income for this to Stake is (using the above figures) each unit needs to wager $14500 per week, or $2071.43 per day for 25 days total wager = $51,785.71 per unit (approx). $51785.71 x 5000 units in all 250 drops = $258,928,550 total income at a maximum cost of $6,250,000 (actual figure is much less) this matches the player figures of a maximum 2.4138% To post the difference between income and outgoings would be misleading as the majority of this figure is not, in fact, profit and includes money which they need to payout in network fees etc. which are not available.. 8 hours ago, BGjack1 said: Incoming Dupped to prove otherwise He's blocked from addressing my topics... lol
dvdx1995 Posted December 25, 2022 #21 Posted December 25, 2022 21 minutes ago, ByteMeTwice said: 10 bonus drops per day (i don't recall this being reached on any day) Stake "gives away" $250,000 every day for 25 days = $6,250,000 The income for this to Stake is (using the above figures) each unit needs to wager $14500 per week, or $2071.43 per day for 25 days total wager = $51,785.71 per unit (approx). $51785.71 x 5000 units in all 250 drops = $258,928,550 total income at a maximum cost of $6,250,000 (actual figure is much less) this matches the player figures of a maximum 2.4138% To post the difference between income and outgoings would be misleading as the majority of this figure is not, in fact, profit and includes money which they need to payout in network fees etc. which are not available.. He's blocked from addressing my topics... lol that how almost every bussines goes , casino is no difference. they have data to define what is the avarage profit for them of customers that have 14k+ wager, and on that note they can estimate how much they are able to `give` back to the customer, which i assume they also calulcated that will be lost in the same day or so , great job stake
fbseramel Posted December 25, 2022 #22 Posted December 25, 2022 a daily wager of $2071.43 per day means 41,43 $ loss at 98 % RTP means a profit after monthly weekly and the drops
ByteMeTwice Posted December 25, 2022 Author #23 Posted December 25, 2022 2 minutes ago, fbseramel said: a daily wager of $2071.43 per day means 41,43 $ loss at 98 % RTP means a profit after monthly weekly and the drops can you elaborate with figures ?
fbseramel Posted December 25, 2022 #24 Posted December 25, 2022 3 minutes ago, ByteMeTwice said: kannst du das mit Zahlen erläutern ? dice has an RTP of 99 %, means i wager 1000 $ with a loss of 10 $ If i use your numbers, i would need 2071.43 to collect all drops - if i double the dice RTP i would lose 41,43 $ daily but can use 45 $ Drops daily additional i get weekly and monthly bonus and rain. if i collect only the 9 drops i would have an profit of 3.57 daily. first days the wager was much lower. Sorry hard to tell in english
skleven Posted December 25, 2022 #25 Posted December 25, 2022 8 minutes ago, fbseramel said: dice has an RTP of 99 %, means i wager 1000 $ with a loss of 10 $ Try doing this. 🤣 The actual loss is always between 10-30%. Maybe if you are extremly lucky over millions of bets. But i doubt it. 99% isn`t 99%. on originals. And Stake would not do this if players could statisticly make profit. Daily, weekly and monthly bonuses is something most other sites also offer. And rain is impossible to catch. So the bottom line is this. If you are able to catch these drops, you are a loosing player.
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