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

[UmerIdrees]

Oh sorry yes I re-checked it and it's just 0.00005 Btc it's really low unlike the others thank you for the clarification I think I was just really excited yesterday on playing games on stake that I missed the one 0.

At first i also thought the withdrawal fee to be 0.0005 BTC which is common fee for most gambling sites and exchanges but stake.com is taking only 0.00005 BTC make a lot less burden on the gamblers. 

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[1714177892]

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[Bitcoinsummoner]

Oh sorry yes I re-checked it and it's just 0.00005 Btc it's really low unlike the others thank you for the clarification I think I was just really excited yesterday on playing games on stake that I missed the one 0.

I had not checked on site but saw your post and though the fees are too high then ralle14 corrected me and I got the point that the fess are too small comparing with others gambling sites or exchange. When fees are low it makes us comfortable to use.

[leea-1334]

As far as anyone is concerned, or rather - as far as anyone should be concerned, if you place a bet while incurring an edge, then you have already lost even before the result has come.

From a wave-collapse model, your average expectation is negative! If you were a 5D entity and could collect all the various manifestations of your person after each possible result of any given bet with a house edge, what you would find if you were to sum the winnings from all of those timelines is that it's actually less than what the collective started with, prior to the bet. Volatility is one thing, but never delude yourself when you gamble by saying, "there's a chance I can win."

It's true. There's a chance you can win, but the odds are against you. There's also a chance you can win the lottery, or a chance that you can win a jackpot.

And this,,, this is what people keep failing to understand! As soon as you DEPOSIT money, you have already to fight back from a losing position. Because all bets are with a house edge, the bigger the edge, the bigger your starting losing position which just makes sense that we should always look for the lowest edge.

I gamble knowing this and knowing that if I come away with a win, I have done the unlikely. It seems people do not understand this well though.

[Haunebu]

Because all bets are with a house edge, the bigger the edge, the bigger your starting losing position which just makes sense that we should always look for the lowest edge.

I gamble knowing this and knowing that if I come away with a win, I have done the unlikely. It seems people do not understand this well though.

Exactly. Many people believe that progression strategies etc give them an edge over the house and they continue living in this delusion despite losing consistently over the long term.

However, these progression strategies actually do help in sports betting though to a greater extent. You can actually have an edge over the house in sports betting as long as you are really good at predictions.

[actmyname]

However, these progression strategies actually do help in sports betting though to a greater extent. You can actually have an edge over the house in sports betting as long as you are really good at predictions.

I would argue that flat betting reduces the volatility to the minimal level and that progression strategies are more harmful to an advantage player than they may imagine.

As soon as you increase the volatility, you immediately suffer significant consequences. Always be aware that risk of ruin does not scale linearly: for example, you may experience a 10% risk of ruin betting at 1 unit, but if you increase it to 1.9 units, suddenly the risk of ruin jumps to 30%! Consider a simple situation: assuming you had a 55% chance of doubling your money, would you rather place ten bets of $5, or one bet of $50?

Impatience and the scarcity of human life is the motivator for any progressive measures, but a rational agent would literally bet the minimum amount to reduce volatility. You can look upon other casinos as an example of this in action: maximum bet limits exist.

[Symphonized]

Let's go for a little ride..... #Megarace

⌚ 90 minutes
12:30pm GMT tomorrow
0.58 BTC
100 winners





6 hours until the #Megarace!!!!!!!!!!!!

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[roycilik]

Learn more 👉 https://promotions.stake.com/drops-and-wins-prizes/

There are differences in information regarding the minimum bet in games and promotions on the website
in game: $0.5
promotions: $0.7

[Bitinity]

Learn more 👉 https://promotions.stake.com/drops-and-wins-prizes/

There are differences in information regarding the minimum bet in games and promotions on the website
in game: $0.5
promotions: $0.7

Possibly a typo from Stake on the promotion page. As I know it is a global/worldwide promo from Pragmatic Play, so the information that we see in the game should be the correct one. Nice catch btw, so it can be fixed by Stake to avoid confusion from players who are willing to take part on the promo with the minimum bet.

[Haunebu]

I would argue that flat betting reduces the volatility to the minimal level and that progression strategies are more harmful to an advantage player than they may imagine.

Impatience and the scarcity of human life is the motivator for any progressive measures, but a rational agent would literally bet the minimum amount to reduce volatility. You can look upon other casinos as an example of this in action: maximum bet limits exist.

I agree. Personally, I observed that going all in and flat betting are the best ways to gamble over the long term while progression strategies help sometimes in the short term. Going all in is my favorite method basically.

This reduces the edge that the house has against me making it favorable overall in both gambling games and sports betting.

[mu_enrico]

It's only a small percentage though while it could affect the outcome of your bets it won't matter that much unless you're going to make a lot of bets.

Deisik had a thread about this where he posted his profit record from one of his sessions and the house edge started kicking in after he reached the hundred thousand mark.

Yep, the "green area" is the house edge, and not all losses were because the pointer landed on those greens.
If a gambler stakes on black and the result is on red, the loss has nothing to do with HE, but because of his sin.
If a gambler stakes on black and the result is on green, the loss is because of HE.

If a gambler wannabe afraid of the green area or making wrong prediction, better play solitaire.

[rdbase]

Oh sorry yes I re-checked it and it's just 0.00005 Btc it's really low unlike the others thank you for the clarification I think I was just really excited yesterday on playing games on stake that I missed the one 0.

Since there is an option to view the USD value of your crypto for all bets you place maybe stake can adjust it so withdrawal fees are given in a set USD value as well.
What do you all think of this? I think you would rather pay a flat rate for your withdrawal fee even if bitcoin goes up to ATH again so we are not paying over $5 per withdrawal again.

[Symphonized]

Well...... did you?

#Megarace

https://twitter.com/Stake/status/1299723610463109120



I'm afraid we've got some AMAZING NEWS!

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[actmyname]

Yep, the "green area" is the house edge, and not all losses were because the pointer landed on those greens.
If a gambler stakes on black and the result is on red, the loss has nothing to do with HE, but because of his sin.
If a gambler stakes on black and the result is on green, the loss is because of HE.

If a gambler wannabe afraid of the green area or making wrong prediction, better play solitaire.

It's a little inaccurate to say that the zeroes of the roulette wheel are the source of the house edge. You must dilute the responsibility across all avenues of the game: the payouts of each specific bet category are such that there is a -1/37 unit expectation (2.7% edge of roulette).

All things being equal, if you were to create an isomorphic transformation to translate roulette numbers into arbitrary symbols, any particular number can be the one that is excluded from the non-straight-up bets (e.g. even/odd, black/red, 1st dozen/column, etc).

If you were to remove those markets and you simply had the 36:1, 18:1, number-based markets rather than category-based markets, then apart from the variation in splitting chips between 0 and other numbers, all numbers are essentially equal. The house edge is thus derived from the payouts and the game itself.

[wiss19]

House edge does take an affect because when you win you win less than the double while when you lose you lose it whole.

So when you wager 100 dollars, and win, you get 198 dollars, when you lose you lose 100 dollars, so that 2 dollar difference is the profit of the casino, let's say you play 100 times, you win 50 times and you lose 50 times, that win will get you back but that loss will eat it and then some. That is why I do not think it matters if you could make a profit for the short term or not, because in the end the long term will always be a loss because of the house edge.

However we all gamble knowing that, we are aware of the house edge, it has always been there, so not like it is something sneaky that casinos do, it is something very well documented before you gamble.

[Haunebu]

Since there is an option to view the USD value of your crypto for all bets you place maybe stake can adjust it so withdrawal fees are given in a set USD value as well.
What do you all think of this? I think you would rather pay a flat rate for your withdrawal fee even if bitcoin goes up to ATH again so we are not paying over $5 per withdrawal again.

This is a pretty great idea. This would basically the volatility issue with BTC and other cryptocurrencies presenting a stable solution to gamblers. Am pretty sure most gamblers would agree with this idea.

However we all gamble knowing that, we are aware of the house edge, it has always been there, so not like it is something sneaky that casinos do, it is something very well documented before you gamble.

True, but some people assume that strategies can somehow nullify its impact which is foolish to say the least. Its impact will always be big in the short term and long term.

[n0ne]

Stake continue to come up with more and more new plans attracting the gamblers. With stake we can see the things executed well, and this is all through the experience gained through the reputed primedice.

I have an eye over the stake gambling platform. Here there will be regular updates, and changes over the view of the page layout, addition of games, etc. With casineos the blockchain is the unique feature, with stake more and more games and live Casino is the unique from my view.

[eXtremal]

Stake continue to come up with more and more new plans attracting the gamblers. With stake we can see the things executed well, and this is all through the experience gained through the reputed primedice.

I have an eye over the stake gambling platform. Here there will be regular updates, and changes over the view of the page layout, addition of games, etc. With casineos the blockchain is the unique feature, with stake more and more games and live Casino is the unique from my view.

In my own experience I feel comfortable playing, and the things I like about the STAKE platform are very good graphics, and the promotions held by STAKE don't complicate the rules for getting promotional bonuses, of course I love to share tips with other players and everything is very fun at STAKE

[MFahad]

Stake continue to come up with more and more new plans attracting the gamblers. With stake we can see the things executed well, and this is all through the experience gained through the reputed primedice.

I have an eye over the stake gambling platform. Here there will be regular updates, and changes over the view of the page layout, addition of games, etc. With casineos the blockchain is the unique feature, with stake more and more games and live Casino is the unique from my view.

In my own experience I feel comfortable playing, and the things I like about the STAKE platform are very good graphics, and the promotions held by STAKE don't complicate the rules for getting promotional bonuses, of course I love to share tips with other players and everything is very fun at STAKE

My preference for playing at stake is that it is a trusted site and it includes both the gambling games and the sports betting. Also the interface is nice and loads perfectly on my firefox browser. Their ranking system is very interesting and i wish to reach on top of VIP program.

[Symphonized]

We're far from finished......

https://twitter.com/Stake/status/1299981686181167104



Any guesses for which slots game will be the featured game in our Slots Forum Challenge this week?

https://twitter.com/Stake/status/1300264566908170244

[leea-1334]

It's a little inaccurate to say that the zeroes of the roulette wheel are the source of the house edge. You must dilute the responsibility across all avenues of the game: the payouts of each specific bet category are such that there is a -1/37 unit expectation (2.7% edge of roulette).

All things being equal, if you were to create an isomorphic transformation to translate roulette numbers into arbitrary symbols, any particular number can be the one that is excluded from the non-straight-up bets (e.g. even/odd, black/red, 1st dozen/column, etc).

If you were to remove those markets and you simply had the 36:1, 18:1, number-based markets rather than category-based markets, then apart from the variation in splitting chips between 0 and other numbers, all numbers are essentially equal. The house edge is thus derived from the payouts and the game itself.

The "inaccuracy" comes from the fact that payout is just 36x and that I believe I read before that the very first roulette table specifically designed in fact, two new slots reserved only for the house, which was zero and double zero. Meaning you could not bet on it, if it lands on those two, then the bank wins every bet. So literally, those zeroes were made for the house and therefore that was the house edge:) They then made a single zero which you could bet on to compete with the double-house slots.