Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Stake F1 Team

[panjul07]

~
You can check all about Affiliation here: https://stake.com/affiliate/campaigns
From Campaigns, Analytics, Referred Users and Available Funds.

Commission Rate is 10% by default (10% of what your referrals wager):
Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

I'm sorry, but I can't believe this is true. I mean, I think you are mistaken about the commission.

If it were so, one could refer a friend, this friend could wager 0.1 BTC 100 times with 98% win chance, losing 3 times max along the way (-0.3 BTC). And then what? For 10 BTC wagered those guys will receive 1 BTC? It simply can't be so.

Not for 10btc as mentioned before in my first post about that bet someone calculated it out to be 0.5btc in commission on the single wager if they were a referral to someone. This is what was stated in the chat while the race was going on.
I could be mistaken but while you say it is 1btc from what you quoted above this does seems to high just for a referral to receive on a single bet. I think the house takes their cut from those amounts anyways. But dont quote me on this because I dont have any referral and am not one either.

I have wagered alot in the past week and started at the beginning of the vip status bar and today am half way to the next level of becoming platinum. That is a lot of wagering to get to this point on the progress bar.
I just hope it is all worth it with the bonuses on getting there being a good amount and not just $100-150 like the previous vip level was.

You can see all VIP differences under VIP Progress Bar's INFO tab with full explanation about each levels.

So then VIPs, how are you enjoying your new VIP progress bar? 😁

@Symphonized, please react to my post above, namely to this one:

https://bitcointalk.org/index.php?topic=2072589.msg52545331#msg52545331

I think it's impossible to get 10% of what your referrals wager, but since you are working for the site, maybe you know better than me in this regard.

Imo, no gambling site would survive with such referral policy:

Commission Rate is 10% by default (10% of what your referrals wager)

To be honest I do not think that the referral commission is 10% of the wagered amount as it would be the highest commission ever in this industry. I think it is 10% of the house edge like other site but I can be wrong about it. So it is indeed need to wait for confirmation from the Stake's staff. Basically the terms about the affiliate is the same as Primedice so probably you can ask about it on Primedice thread. If it is true that it is 10% of the wagered amount then it must be the most generous affiliate program.

[1714897719]

1714897719

[1714897719]

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[redsun114]

~snip~

That is not true. I don't know if you remember but there was a MTV show called "Buried Life" and basically they had a list of stuff to do before they died and one of them was to make a million dollars. So they went down to Las Vegas with like $125,000 and were going to bet it 3 times to make it into a million. And they bet the $125,000 and won and then they took the $250,000 and bet it and lost. So the largest bet was $250,000.

There are probably other games like Poker where the pot is many times in the 6 figures, especially on the televised poker challenges. And if I recall there were some which might of been in the $1 million dollar ranges also.

Since each roll is independant of the prior, rolling more doesn't really create an advantage statistically, hence sometimes you might as well risk it all on one roll and save yourself time.

If you could read all of my message properly then you will see that "even bets over 100k are very rare and not frequent", which means is there bets that are in millions of dollars? Of course there are but we are talking about maximum of 10 people who will have that much money and love for gambling to put up millions PER BET versus millions of people gambling on Vegas every year.

So, those 10 in millions is a very very low odds and that is why I said that 100k per bet is still super huge in anywhere in the world including Vegas. I didn't say there is never a bet bigger than 100k, I didn't say 100k was the biggest bet ever, I just said that even in Vegas standards that is a huge whale bet, which is awesome for stake because that means with one website they became as big as famous Vegas casinos.

[GamblingSiteFinder]

Commission Rate is 10% by default (10% of what your referrals wager):
Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

I can't find any concrete evidence, but I'm guessing the commission rate is 10% of the house edge, not total amount wagered.

Similar crypto gambling sites have adopted this affiliate structure, as opposed to traditional CPA (cost per acquisition; ex. earn $20/new depositor referred) and Revenue Share (affiliate earns/owes X% of referred players wins/losses) models.

[GamblingSiteFinder]

I don't know if you remember but there was a MTV show called "Buried Life" and basically they had a list of stuff to do before they died and one of them was to make a million dollars. So they went down to Las Vegas with like $125,000 and were going to bet it 3 times to make it into a million. And they bet the $125,000 and won and then they took the $250,000 and bet it and lost. So the largest bet was $250,000.

What an interesting concept for a show, I'd watch it. What casino game did they play trying to double up, roulette? That's probably an easier "50/50" game [than craps] for a non-gambler to understand, especially watching on television.

[Symphonized]

(...)

It is the same as Rakeback from VIP.
It's 10% of the wagering from your Referral's Game's House Edge
So if the Game's House Edge is 1% it's 0,1% Commission.



One more dive took over Bitcoin since yesterday
Do you think it will return back to normal?
Don't forget to play safe under these price fluctuations





❗️3250 XRP race starts in 4 minutes❗️

Length: 120 minutes
Start: 2:00am GMT
End: 4:00am GMT
Prize pool: 3250 XRP
Winners: 100

[JohnBitCo]

I never saw this really huge amount place in one bet, usually big players will play max 1 btc per bet even though they have 10 btc or more bankroll. Now I underatand why stake is more than just a gambling site. Big player or small players just gather here to make some fortune

These are whales basically. I guess you have never been to Las Vegas. The amounts wagered in Stake are small when compared to what whales wager in the Las Vegas casinos just like any popular casino out there.

They must be really big whales man, otherwise there are not idiots who barely have 10 bitcoin total and then just bet it all in just for one bet (or maybe there is I don't know but that would be really silly to do)

Wrong. This is a smart bet and they call this yolo gambling where they wager their entire bankroll at once in order to win a big one and leave. Wagering small amounts might help psychologically, but the house will beat you in the long term which is why this short-term method is very popular.

I do not agree to invest all your bankroll in a single bet and call him a smart gambler. Suppose you have 10 bitcoins and you invest them all in a single bet and then loss he bet  
If this happens to me , I might suicide. There is no money left with me and I am helpless.

Doing bets with small amounts is also not as easy as it seems but this idea of investing in a single roll, I am out of it.

[FIFA worldcup]

I never saw this really huge amount place in one bet, usually big players will play max 1 btc per bet even though they have 10 btc or more bankroll. Now I underatand why stake is more than just a gambling site. Big player or small players just gather here to make some fortune

These are whales basically. I guess you have never been to Las Vegas. The amounts wagered in Stake are small when compared to what whales wager in the Las Vegas casinos just like any popular casino out there.

They must be really big whales man, otherwise there are not idiots who barely have 10 bitcoin total and then just bet it all in just for one bet (or maybe there is I don't know but that would be really silly to do)

Wrong. This is a smart bet and they call this yolo gambling where they wager their entire bankroll at once in order to win a big one and leave. Wagering small amounts might help psychologically, but the house will beat you in the long term which is why this short-term method is very popular.

Yes, it can make or break your fortune. Also its too big a risk.
But these are the people who actually won big in gambling.

~
You can check all about Affiliation here: https://stake.com/affiliate/campaigns
From Campaigns, Analytics, Referred Users and Available Funds.

Commission Rate is 10% by default (10% of what your referrals wager):
Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

I'm sorry, but I can't believe this is true. I mean, I think you are mistaken about the commission.

If it were so, one could refer a friend, this friend could wager 0.1 BTC 100 times with 98% win chance, losing 3 times max along the way (-0.3 BTC). And then what? For 10 BTC wagered those guys will receive 1 BTC? It simply can't be so.

In theory, this should be true as stated in their website 10 percent wagering profit. Can anyone confirm who is  getting this much free money from his referrals ?

[Betwrong]

(...)

It is the same as Rakeback from VIP.
It's 10% of the wagering from your Referral's Game's House Edge
So if the Game's House Edge is 1% it's 0,1% Commission.
~

Thank you for your explanation! It looks more sane now. I knew that "10% of what your referrals wager", like you said earlier, was just too impossible to be true.

One more dive took over Bitcoin since yesterday
Do you think it will return back to normal?

Regarding the price of Bitcoin, it's going back up, little by little, already. I think we will see $10k again in a week.

[Symphonized]

Nearly the weekend... #megaboost 😀


❗️$1,000 race starts in 60 minutes❗️

Length: 120 minutes
Start: 2:00am GMT
End: 4:00am GMT
Prize pool: 6 ETH ($1,000)
Winners: 100

[davinchi]

Commission Rate is 10% by default (10% of what your referrals wager):
Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

I can't find any concrete evidence, but I'm guessing the commission rate is 10% of the house edge, not total amount wagered.

Similar crypto gambling sites have adopted this affiliate structure, as opposed to traditional CPA (cost per acquisition; ex. earn $20/new depositor referred) and Revenue Share (affiliate earns/owes X% of referred players wins/losses) models.

Yes, it is the %10 of the house edge, they explained it but really hard for many of us to interpret it in right manner. If your referral gambles 100 bitcoins, you get 0.1btc not 1, not 10, which means you are literally getting 10% of the house edge not all of wagered amount which would be stupid, why would anyone give you that much money.

Maybe wording on the affiliate page could be changed to 10% default house edge profit instead of wagering but in the end that "wagering" was put there so you would know that it is not only on losses but also on wins as well, if your friend bets 100 btc and wins 10 btc, you still get your 0.1 btc, if he loses all 100 btc then you still get 0.1 that "wagering" means exactly that but you get 10% of house edge not all wagered.

[Bitinity]

Commission Rate is 10% by default (10% of what your referrals wager):
Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

I can't find any concrete evidence, but I'm guessing the commission rate is 10% of the house edge, not total amount wagered.

Similar crypto gambling sites have adopted this affiliate structure, as opposed to traditional CPA (cost per acquisition; ex. earn $20/new depositor referred) and Revenue Share (affiliate earns/owes X% of referred players wins/losses) models.

Yes, it is the %10 of the house edge, they explained it but really hard for many of us to interpret it in right manner. If your referral gambles 100 bitcoins, you get 0.1btc not 1, not 10, which means you are literally getting 10% of the house edge not all of wagered amount which would be stupid, why would anyone give you that much money.

Maybe wording on the affiliate page could be changed to 10% default house edge profit instead of wagering but in the end that "wagering" was put there so you would know that it is not only on losses but also on wins as well, if your friend bets 100 btc and wins 10 btc, you still get your 0.1 btc, if he loses all 100 btc then you still get 0.1 that "wagering" means exactly that but you get 10% of house edge not all wagered.

Yeah maybe Stake needs to change or rewording the information related to the affiliate commission. As quoted from the affiliated page below:

Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

The bold part may make people thinks that the commission is based on wagered amount (non house edge). It is a bit confusing for general people like me, I also think that the commission is 10% of wagered amount by referrals, so I thought that if a referral is wagering 10btc then I'll get 1btc. 

[Symphonized]

$5,000 MEGA race starts in 17 hours

⏲ 90 minutes
⏳ 12:30pm GMT
⌛: 2:00pm GMT
💲💲 0.5 BTC ($5,000)
🏆 100 winners

Win $25: Tweet a picture placing in the top 50 using the hashtag #stakerace
Win $10: Retweet & Like this post (3 winners) 💸



Chuck us a like if you're ready to go! #stake #megarace #bitcoin

[Sweetbtc]

(...)

It is the same as Rakeback from VIP.
It's 10% of the wagering from your Referral's Game's House Edge
So if the Game's House Edge is 1% it's 0,1% Commission.
~

Thank you for your explanation! It looks more sane now. I knew that "10% of what your referrals wager", like you said earlier, was just too impossible to be true.

One more dive took over Bitcoin since yesterday
Do you think it will return back to normal?

Regarding the price of Bitcoin, it's going back up, little by little, already. I think we will see $10k again in a week.

If you have so many referrals on your account, you can negotiate about the rate commission. I have a friend who have so many referrals on stake and he got a special commission rate for it.
About the bitcoin price, i'm not sure about that. It's been a rough week for bitcoin so far.

How does stake pay commission on referrals ? On the basis of number of referrals or on the amount the referrals wager ?
Also let me know the normal commission rate which stake pays ?

[marcotheminer]

(...)

It is the same as Rakeback from VIP.
It's 10% of the wagering from your Referral's Game's House Edge
So if the Game's House Edge is 1% it's 0,1% Commission.
~

Thank you for your explanation! It looks more sane now. I knew that "10% of what your referrals wager", like you said earlier, was just too impossible to be true.

One more dive took over Bitcoin since yesterday
Do you think it will return back to normal?

Regarding the price of Bitcoin, it's going back up, little by little, already. I think we will see $10k again in a week.

If you have so many referrals on your account, you can negotiate about the rate commission. I have a friend who have so many referrals on stake and he got a special commission rate for it.
About the bitcoin price, i'm not sure about that. It's been a rough week for bitcoin so far.

How does stake pay commission on referrals ? On the basis of number of referrals or on the amount the referrals wager ?
Also let me know the normal commission rate which stake pays ?

10% of house edge is standard. This means if your referrals wager a cumulative of 20 BTC you'll earn 0.02 BTC. I do know that stake will increase the commission, 30% or so - including their rakeback.

[redsun114]

Being a Stake affiliate means you will earn money on amount wagered - which unlike traditional affiliate programs, includes money that is both won and lost.

The bold part may make people thinks that the commission is based on wagered amount (non house edge). It is a bit confusing for general people like me, I also think that the commission is 10% of wagered amount by referrals, so I thought that if a referral is wagering 10btc then I'll get 1btc. 

How could a casino that basically takes 1% house edge from gamblers on average could pay you 10% of all wagered in any mathematical sense?

Like yeah sure, stake should have worded it better I agree to that but even if they literally wrote "10% of all wagered from your affiliates will come to you" you would still try to find a way to understand how that is even possible. They are literally not taking that much money in themselves let alone also share it with others, for that to be possible they would have to have an obscene 10%+ house edge so they could share it with you.

Hence, it is way too obvious for anyone who knows what wagered is and what house edge is and what commission is, if you are mistaken by these facts than you are probably not someone who should go into affiliate marketing.

[virasog]

(...)

It is the same as Rakeback from VIP.
It's 10% of the wagering from your Referral's Game's House Edge
So if the Game's House Edge is 1% it's 0,1% Commission.
~

Thank you for your explanation! It looks more sane now. I knew that "10% of what your referrals wager", like you said earlier, was just too impossible to be true.

One more dive took over Bitcoin since yesterday
Do you think it will return back to normal?

Regarding the price of Bitcoin, it's going back up, little by little, already. I think we will see $10k again in a week.

If you have so many referrals on your account, you can negotiate about the rate commission. I have a friend who have so many referrals on stake and he got a special commission rate for it.
About the bitcoin price, i'm not sure about that. It's been a rough week for bitcoin so far.

How does stake pay commission on referrals ? On the basis of number of referrals or on the amount the referrals wager ?
Also let me know the normal commission rate which stake pays ?

10% of house edge is standard. This means if your referrals wager a cumulative of 20 BTC you'll earn 0.02 BTC. I do know that stake will increase the commission, 30% or so - including their rakeback.

So it means that if a person have good number of referrals, he can earn good amount of commission without having to gamble himself.  Wagering 20 btc is not tough, and you will get 0.02 BTC. That's a kool amount. You just need to focus on how to attract the new gamblers so that they can signup under your link and you earn free commissions.

[Symphonized]

Wow. Another great race 😍 #stake

Post all the highlights you saw from this morning race here:
https://twitter.com/Stake/status/1177946187326017541

[steveabrahams]

So it means that if a person have good number of referrals, he can earn good amount of commission without having to gamble himself.  Wagering 20 btc is not tough, and you will get 0.02 BTC. That's a kool amount. You just need to focus on how to attract the new gamblers so that they can signup under your link and you earn free commissions.

Very true, imagine if you get an active referral and a "Whale". You will get a passive income everyday by referral commision. Well it's not only happen on stake. All gambling sites, trading sites and else also have referrals program that you can earn from your refs.

[Symphonized]

❗️$1,000 race starts in 45 minutes❗️

Length: 120 minutes
Start: 2:00am GMT
End: 4:00am GMT
Prize pool: 4150 XRP ($1,000)
Winners: 100

[virasog]

So it means that if a person have good number of referrals, he can earn good amount of commission without having to gamble himself.  Wagering 20 btc is not tough, and you will get 0.02 BTC. That's a kool amount. You just need to focus on how to attract the new gamblers so that they can signup under your link and you earn free commissions.

Very true, imagine if you get an active referral and a "Whale". You will get a passive income everyday by referral commision. Well it's not only happen on stake. All gambling sites, trading sites and else also have referrals program that you can earn from your refs.

The referral commissions earned from trading and other legit sites are very less. But anyone can earn good amount of passive income from commission at stake.com because of the good referral commissions they offer on wagering.