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[RealMalatesta]

I really don’t understand their logic, because if they didn’t have money then why wager in the first place?.

Because they think they could earn more than they've wagered. Whales, or someone who won a lot or a high roller can easily tip or give rain to those who "seems" supported them. Back then i saw whales tip 0.001 btc - 0.01 btc to each person who stay on chat during their huge bets. Wagering $100 is nothing if you can earn much or more than that

The difference between back in the day and today is not only the whales but also the understanding of bitcoin and how people see it. Back in the early days of primedice we had a lot of different type of people in bitcoin, we mostly got in because we wanted to stay away from banks and want to build something totally different. That was the whole idea of bitcoin as well, and that is what we were in love with.

Obviously price of it went high, as much as 100-200 dollars but even at that point thinking that was around the max, we didn't really care about trading and profiting from it all that much, maybe some minor group but the majority was there because we wanted decentralization.

At that point it was easier for people to share, they were sending people money left and right because it wasn't "money" they were sending, it was actually propaganda for bitcoin, like "come here and leave those banks behind" type of marketing on decentralization for us, hence sharing was good. Nowadays we all know that is not the case anymore .

[Kakmakr]

On Christmas Day, we'll be dropping $1,000 in 10 random player accounts to help us celebrate the holiday season!

Will you get lucky? More information: https://promotions.stake.com/10k-random-draw/

So anyone who just registering 50 accounts will have 50 times more chance of winning? You just want to increase the number of registrations on Stake? It is necessary to have at least minimum requirements against deception.

Well.. they said they wanted to do something different this year..... so there you have it... a no requirement or restrictions free random giveaway. If you looked closely, you would notice one of the rules... "Stake reserves the right to perform additional KYC/AML checks as a condition of receiving prize." So they will check for multi accounts and they will require KYC/AML checks....

So it will be difficult to have 50 different ID's and proof of address ...etc.. etc.     In any way, most of the users will fail the KYC/AML requirements.. because a lot of them are playing from "restricted" countries via VPN's.  

[mu_enrico]

I'm impressed with the continuous stream of small bonuses via reload, boost, and Christmas bonus! OMG, users can play every day for free!
So much benefit as a VIP member, but to rank up is quite costly. Anyway, how much $ wagers to become a platinum member?

[janggernaut]

That were the good old days  . I remember I got once a tip of 0.001 BTC (on another site) and back than it was worth 4$ and I was already excited 
I think to be eligible for rain, you need to wager 1000$, they raised the minimum just to avoid abusers.

That 10 000$ random draw is also nice. No requirements what so ever to participate!

Yea, and the tip still on going until now. I've seen whales tipped lot on chat (but rarely seen 0.01 btc). Wagered $1000 is too much i think, it's just like you want to join in wagering contest 

The difference between back in the day and today is not only the whales but also the understanding of bitcoin and how people see it. Back in the early days of primedice we had a lot of different type of people in bitcoin, we mostly got in because we wanted to stay away from banks and want to build something totally different. That was the whole idea of bitcoin as well, and that is what we were in love with.

Obviously price of it went high, as much as 100-200 dollars but even at that point thinking that was around the max, we didn't really care about trading and profiting from it all that much, maybe some minor group but the majority was there because we wanted decentralization.

At that point it was easier for people to share, they were sending people money left and right because it wasn't "money" they were sending, it was actually propaganda for bitcoin, like "come here and leave those banks behind" type of marketing on decentralization for us, hence sharing was good. Nowadays we all know that is not the case anymore .

The main thing which make difference is about bitcoin price. Lot of people were don't like HOLD bitcoin for long time and as soon as they win something, they cashed out immediatelly or tipped to everyone on chat.

[xxjumperxx]

Id like to come in here and just say thanks to the staff of stake!
Thanks for the continous bonusses and reloads you haven been giving out to us players.

Very appreciated!

Have a merry christmas and stay healthy!

[Bitinity]

I'm impressed with the continuous stream of small bonuses via reload, boost, and Christmas bonus! OMG, users can play every day for free!
So much benefit as a VIP member, but to rank up is quite costly. Anyway, how much $ wagers to become a platinum member?

If you are starting from zero, you need to wager $250,000 to reach platinum 1. It costs a lot of money indeed, so it is not recommended to play/wager just for levelling up. Play as what we used to play only and let the account ranked up naturally but ofc you can do as you wish. Perhaps you have good strategy to wager more but small chance to lose big. Below is the complete requirements for each level:

Bronze:       $10,000
Silver:          $50,000          
Gold:            $100,000    
Plat1:           $250,000      
Plat2:           $500,000      
Plat3:           $1,000,000    
Plat4:           $2,500,000  
Plat5:           $5,000,000  
Plat6:           $10,000,000
Diamond:   $25,000,000

[Haunebu]

"Stake reserves the right to perform additional KYC/AML checks as a condition of receiving prize." So they will check for multi accounts and they will require KYC/AML checks....

So it will be difficult to have 50 different ID's and proof of address ...etc.. etc.     In any way, most of the users will fail the KYC/AML requirements.. because a lot of them are playing from "restricted" countries via VPN's.  

They will only ask for KYC only if they find something suspicious related to the account which is generally the case with all casino sites out there. What if they don't find anything suspicious related to the account?

Scammers these days know how to bypass these issues by making their accounts seem trustworthy since they have a ton of experience with these things which is why KYC won't be enough in this scenario in my opinion. They need to implement additional rules in these cases to deter scammers.

[ultrloa]

"Stake reserves the right to perform additional KYC/AML checks as a condition of receiving prize." So they will check for multi accounts and they will require KYC/AML checks....

So it will be difficult to have 50 different ID's and proof of address ...etc.. etc.     In any way, most of the users will fail the KYC/AML requirements.. because a lot of them are playing from "restricted" countries via VPN's.  

Scammers these days know how to bypass these issues by making their accounts seem trustworthy since they have a ton of experience with these things which is why KYC won't be enough in this scenario in my opinion. They need to implement additional rules in these cases to deter scammers.

Scammers are prepared for this and might they used a fake id which looks legitimate so that they can successfully cheat on the casino they want to attack. And for sure additional rules will be hard to take them especially if the frauds knows how to manipulate things especially we have available VPN's around which they can use a different IP's.  I believe a combination of fake id and vpn will give a hard time for a casino to spot a fraudulent activities .

[acquafredda]

I like Blackjack and I have a decent amount of experience with it on Stake. I consider Blackjack as one of those games that can actually help overcome the house edge in the long term as long as you use optimal strategy as pointed out here.

https://wizardofodds.com/games/blackjack/strategy/4-decks/

It looks like you are using Martingale strategy here which is way too risky since I have encountered pretty long loss streaks while playing Blackjack on many occasions on Stake and other sites.

I liked blackjack because apart from its lowest house edge among the provably fair games I learned it easily even when it was basic when I first tried to play it.  But I know I still have some unknowns just like the reference you shared discussing other rules, basic and text strategy.  It just seems hard to remember.  Thanks to that, I didn't know there was such a thing I don't know those yet because I only do hit and stand.  I do not use Split or Double.  I also do not take insurance.  I only use soft 17 like most dealers.

You are right that the use of martingale is dangerous because I have failed several times to use it.  But I can't do anything because this is my only strategy now that sometimes and even works more often.

Using the martingale strategy is dangerous with every game because nobody has an infinite bankroll and over a long playing streak every outcome is possible. I have seen people lucky enough to get away with a huge profit after a few lucky bets and other slowly losing the whole bankroll over a million bets. Everything is all about luck and chances 

A lot depends on luck. There were times when you play for a long time at a small rate, and nothing can be raised. It would seem that everything is already and then you bet at random to the maximum, as much as possible. And here she is fortune. Several times I have succeeded. The main thing at such moments is to stop in time.

Everything is about luck, no matter how hard you try, you can never outrun the casino edge. Of course there are a few lucky players who will "exploit" the system and beat the house: only time I saw that was by mistake, when people miss what they want to bet and end up being lucky.

[fortunecrypto]

If you are starting from zero, you need to wager $250,000 to reach platinum 1. It costs a lot of money indeed, so it is not recommended to play/wager just for levelling up. Play as what we used to play only and let the account ranked up naturally but ofc you can do as you wish. Perhaps you have good strategy to wager more but small chance to lose big. Below is the complete requirements for each level:

Bronze:       $10,000
Silver:          $50,000          
Gold:            $100,000    
Plat1:           $250,000      
Plat2:           $500,000      
Plat3:           $1,000,000    
Plat4:           $2,500,000  
Plat5:           $5,000,000  
Plat6:           $10,000,000
Diamond:   $25,000,000

I wonder how many Diamond holders are there in Stake.com and how many on each level, with all the giveaways and bonus it's very attractive to rank and reach on every level, no wonder Stake wants to give away a lot of giveaways.

[Fredomago]

"Stake reserves the right to perform additional KYC/AML checks as a condition of receiving prize." So they will check for multi accounts and they will require KYC/AML checks....

So it will be difficult to have 50 different ID's and proof of address ...etc.. etc.     In any way, most of the users will fail the KYC/AML requirements.. because a lot of them are playing from "restricted" countries via VPN's.  

Scammers these days know how to bypass these issues by making their accounts seem trustworthy since they have a ton of experience with these things which is why KYC won't be enough in this scenario in my opinion. They need to implement additional rules in these cases to deter scammers.

Scammers are prepared for this and might they used a fake id which looks legitimate so that they can successfully cheat on the casino they want to attack. And for sure additional rules will be hard to take them especially if the frauds knows how to manipulate things especially we have available VPN's around which they can use a different IP's.  I believe a combination of fake id and vpn will give a hard time for a casino to spot a fraudulent activities .

Reality indeed. Scammers are also learner, they can easily bypass those rules that the house implemented by preparing fakes documents.
 
They are well aware to what the sites/house will ask in order for them to escape whatever illegal practices that they've doing. It's tough for the business to track it down and there are chances that those scammers are enjoying taking advantages with the house.

[RealMalatesta]

That were the good old days  . I remember I got once a tip of 0.001 BTC (on another site) and back than it was worth 4$ and I was already excited  
I think to be eligible for rain, you need to wager 1000$, they raised the minimum just to avoid abusers.

That 10 000$ random draw is also nice. No requirements what so ever to participate!

Yea, and the tip still on going until now. I've seen whales tipped lot on chat (but rarely seen 0.01 btc). Wagered $1000 is too much i think, it's just like you want to join in wagering contest  

There is also the fact of the price as well. There are still a lot of people who support crypto in a politician stance type of way as well, but giving 0.001 bitcoin in rain back in 2015 and doing that today are very very different. Today instead of giving 1-10 dollars, they would have to give 100-1000 dollars in the same logic. This is why I understand that there are less and less whales giving rain.

Sure there are times like these when rains get more famous and gets more common and suddenly some few whales hype each other up and give away some money, it still happens however it is less common, instead of some whale doing it at least once a week it is a lot less, back in the day it was few whales once a week and not like once every few months like today. So, price of bitcoin changed and that did make rain a lot harder to do as well.

[Furious 7]

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Reality indeed. Scammers are also learner, they can easily bypass those rules that the house implemented by preparing fakes documents.
 
They are well aware to what the sites/house will ask in order for them to escape whatever illegal practices that they've doing. It's tough for the business to track it down and there are chances that those scammers are enjoying taking advantages with the house.

But is it true that scamers play gambling with high capital to get bigger prizes from their multiple ID accounts? I think there will be no more than 10 but still there are people who often abuse in this matter and the team doesn't want this gift to be given to the wrong person so it's true if something is found then KYC / AML is needed in this case, but I am sure people will not go through this unless they buy ID data from the black market.

[Haunebu]

I wonder how many Diamond holders are there in Stake.com and how many on each level, with all the giveaways and bonus it's very attractive to rank and reach on every level, no wonder Stake wants to give away a lot of giveaways.

The number must be higher than expected. I think I remember one diamond member from this forum who was actually gifted a new mobile just because of his VIP status. Big whales wager thousands and reach this point quite easily.

However, most diamond members probably refrain from revealing their profiles to the public since this would attract attention from desperate gamblers etc.

[ufaiz50]

I wonder how many Diamond holders are there in Stake.com and how many on each level, with all the giveaways and bonus it's very attractive to rank and reach on every level, no wonder Stake wants to give away a lot of giveaways.

The number must be higher than expected. I think I remember one diamond member from this forum who was actually gifted a new mobile just because of his VIP status. Big whales wager thousands and reach this point quite easily.

However, most diamond members probably refrain from revealing their profiles to the public since this would attract attention from desperate gamblers etc.

You don't see a lot of sites that have such generous levels for VIP. If someone bets a lot, you will be at the highest level in no time. A new phone is also a nice gift, especially if it is a new model.
And perhaps with Christmas they will also receive a nice gift.

[panjul07]

I wonder how many Diamond holders are there in Stake.com and how many on each level, with all the giveaways and bonus it's very attractive to rank and reach on every level, no wonder Stake wants to give away a lot of giveaways.

The number must be higher than expected. I think I remember one diamond member from this forum who was actually gifted a new mobile just because of his VIP status. Big whales wager thousands and reach this point quite easily.

However, most diamond members probably refrain from revealing their profiles to the public since this would attract attention from desperate gamblers etc.

He is Darkstar_ he got Google Pixel 4 XL if I remember it correctly and it was a gift for his platinum V (not diamond).
So if Platinum V could get that phone means that Diamond user can get much better/more expensive reward.
Someone need to wager a millions of dollar to reach that level, so we should not think to wager and reach the high level just because of the rewards.

[Haunebu]

Someone need to wager a millions of dollar to reach that level, so we should not think to wager and reach the high level just because of the rewards.

Why not? Honestly, I would try to advance all the way to Diamond in order to claim the rewards which is basically a win-win for both me and the site itself. The site actually stands to earn more this way if you think about it.

There are so many ways to advance quickly these days such as races, bonuses etc which is why it isn't very difficult to wager a million as long you wager constantly on a long term basis.

[panjul07]

Someone need to wager a millions of dollar to reach that level, so we should not think to wager and reach the high level just because of the rewards.

Why not? Honestly, I would try to advance all the way to Diamond in order to claim the rewards which is basically a win-win for both me and the site itself. The site actually stands to earn more this way if you think about it.

There are so many ways to advance quickly these days such as races, bonuses etc which is why it isn't very difficult to wager a million as long you wager constantly on a long term basis.

Seriously, you are asking "why not"? If you are forcing your self to wager millions of dollar just because of the rewards, do you think it is worth the your risks?
Lets say you are trying to reach Platinum 5, you needs to wager 5millions dollar.
Your expected lose while wagering 5 millions dollar is $50,000 on 1% house edge game.
In fact you may lose more than that, of course there is a chance for you to make profit while wagering that much.
In case you lose while wagering, do you think losing $50,000 worth for the reward?
I do not mean to make people stop playing gambling, my main idea is to suggest anyone to not wagering/playing just because of the rewards for a specific account level.

[Get-Paid.com]

Seriously, you are asking "why not"? If you are forcing your self to wager millions of dollar just because of the rewards, do you think it is worth the your risks?
Lets say you are trying to reach Platinum 5, you needs to wager 5millions dollar.
Your expected lose while wagering 5 millions dollar is $50,000 on 1% house edge game.
In fact you may lose more than that, of course there is a chance for you to make profit while wagering that much.
In case you lose while wagering, do you think losing $50,000 worth for the reward?
I do not mean to make people stop playing gambling, my main idea is to suggest anyone to not wagering/playing just because of the rewards for a specific account level.

The reward can outweigh the risk, it's a subjective question. You're welcome to read more here:

Finding a Value Bet

And here:

Betting on Low Odds Such as 1.01