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[xLays]

Do you guys have any news about the $1000 Grand Slam freeroll by Stake when it will end? Not gonna lie, it's so addictive. I think I've managed to join more than 50 rounds in that freeroll tournament. I feel like it could end anytime soon because I see this new paid tournament. Still, I'm hoping it will last for another month. Out of the 50 rounds I joined, I only managed to win $4. 🤦

How about you share your experience with stake poker grand slam 1000$ freeroll tournament.

[Transparency1982]

With Roulette, the win chance is 50% due to the presence of the 0, so the payout is 2. With Dice on stake.com, if the win chance is 50%, the payout is only 1.98. Is the 1.98 low because the Dice can still land on the exact number 50 (similar to the 0 in Roulette)?

Roulette and Dice game concepts are completely different. The 0 is a special payout number on the roulette game. But you will loss your bet if you roll the number 50.00 on 1.98× payout (50% win chance) in the dice game. This is because of the difference of house edge concept of both games.

BTW, I had participated in some freeroll poker tournaments of Stake until now. And I have managed to win prizes from only one tournament, I had ended with 83rd rank and received $1.5 as reward.

I don't see any difference. In Roulette, you choose Black or Red, Odd or Even... and in Dice, you choose above 50 or below 50, they are both 50-50 choices.

[AHOYBRAUSE]

With Roulette, the win chance is 50% due to the presence of the 0, so the payout is 2. With Dice on stake.com, if the win chance is 50%, the payout is only 1.98. Is the 1.98 low because the Dice can still land on the exact number 50 (similar to the 0 in Roulette)?

Roulette and Dice game concepts are completely different. The 0 is a special payout number on the roulette game. But you will loss your bet if you roll the number 50.00 on 1.98× payout (50% win chance) in the dice game. This is because of the difference of house edge concept of both games.

BTW, I had participated in some freeroll poker tournaments of Stake until now. And I have managed to win prizes from only one tournament, I had ended with 83rd rank and received $1.5 as reward.

I don't see any difference. In Roulette, you choose Black or Red, Odd or Even... and in Dice, you choose above 50 or below 50, they are both 50-50 choices.

Black or red (odd or even) is a 47.4 chance of winning a 2x bet. On dice you also don't get 2x for betting over/under 50, 2.0x pays if you bet over/over 50.50.  The win chance for this is supposedly 49.5%. In reality it should be but we all know stake. 

So you have a chance of 47.4% at roulette vs a 49.5% at dice to win a 2x bet, that's a 2% difference in house edge which in the long run is HUGE.

[Transparency1982]

With Roulette, the win chance is 50% due to the presence of the 0, so the payout is 2. With Dice on stake.com, if the win chance is 50%, the payout is only 1.98. Is the 1.98 low because the Dice can still land on the exact number 50 (similar to the 0 in Roulette)?

Roulette and Dice game concepts are completely different. The 0 is a special payout number on the roulette game. But you will loss your bet if you roll the number 50.00 on 1.98× payout (50% win chance) in the dice game. This is because of the difference of house edge concept of both games.

BTW, I had participated in some freeroll poker tournaments of Stake until now. And I have managed to win prizes from only one tournament, I had ended with 83rd rank and received $1.5 as reward.

I don't see any difference. In Roulette, you choose Black or Red, Odd or Even... and in Dice, you choose above 50 or below 50, they are both 50-50 choices.

Black or red (odd or even) is a 47.4 chance of winning a 2x bet. On dice you also don't get 2x for betting over/under 50, 2.0x pays if you bet over/over 50.50.  The win chance for this is supposedly 49.5%. In reality it should be but we all know stake. 

So you have a chance of 47.4% at roulette vs a 49.5% at dice to win a 2x bet, that's a 2% difference in house edge which in the long run is HUGE.

That's why I chose to play Coin Flip, which only has 2 options: Head or Tail.

[Betwrong]

~

And at friday i got a decent place at Grad slam $1000 freeroll. This was something like sixth time i've played it total.

I was near out stacks in the game 3 times during the game, but waited patiently and got in top again. It was mostly luck as it usually is in free games, but some times it was pretty easy to read some players, on how they bet and the hands they show.

Congrats, @o48o! The 3rd place in a tournament with 3,000+ entries is amazing!

This the 2nd time I see someone from bitcoitalk community wins the 3rd place in a tournament like this. Two weeks ago I saw @iv4n posted about his win, and that inspired me to be more active in the Stake's Poker section and I started participating in those tournaments when I could, and once I managed to climb up to the 30th position even



but then my house lost power and internet for more than an hour and when I was back I saw that I was eliminated on the 114th place:



but since there were 150 paid places in this tournament



I stil won $1 from that.

[panjul07]

Do you guys have any news about the $1000 Grand Slam freeroll by Stake when it will end? Not gonna lie, it's so addictive. I think I've managed to join more than 50 rounds in that freeroll tournament. I feel like it could end anytime soon because I see this new paid tournament. Still, I'm hoping it will last for another month. Out of the 50 rounds I joined, I only managed to win $4. 🤦

How about you share your experience with stake poker grand slam 1000$ freeroll tournament.

Damn, 50 rounds? I'm wondering how many hours you have spent for it?
I myself participated in less than 5 rounds so far and my best result was when I finished on 60+ position.
I participated just because I want to try it, I dont like to play poker tournament with that much players because I dont like spending too long time playing poker.
No idea how long Stake will keep this Grand Slam freeroll, but if you think it is worth your time to participate as much as possible then simply take the opportunity before they remove it.

[arallmuus]

Dude, you should rephrase your stuff. Otherwise it seems like you have no experience with poker and how guaranteed price pool works.

Oh yeah I guess I got no experience with poker though  

So I'll just put this here then

CONGRATS to TikTokLyfe(Arallmuus) for winning the Grand Final.

also from me congratulations to arallmuus who has secured the title of the first betnomi/Icarus poker series

Im not sure how many times I won but oh well, I didnt keep record of it so where were you when I was the back to back bitcointalk poker series champion? oh right you were nowhere to be found  . I dont even recall playing against you on one of the series as well  

So stating "prizepool will stays the same no matter how many people register on the tournament" couldn't be more wrong, you should check your facts.

That was a dumb shit on my end. If Stake offer $1000 then the total amount that Stake put into the prizepool are $1000. The increasing prizepool doesnt come from Stake, it came from the buy-in fee.

Poor wording from me obviously coming from back to back champion

[AHOYBRAUSE]

That was a dumb shit on my end. If Stake offer $1000 then the total amount that Stake put into the prizepool are $1000. The increasing prizepool doesnt come from Stake, it came from the buy-in fee.

Poor wording from me obviously coming from back to back champion

Still wrong bro.
If I tournament with a buyin of whatever has a guaranteed price pool this only means there is a guaranteed price pool of 1000$, no matter how few people register.
Lets say it's 10$ buyin and 1000$ guaranteed, only 90 people are playing -> still price pool is 1000$ (stake "put's in" the difference) . Let's say 110 people register, then the price pool is 1100$ , stake puts it nothing and has pure profit on tournament fees.

Stake doesn't "put in" 1000$, it just guarantees it. There is as good as always no overlay on guaranteed price pools, not on pokerstars, not on gg, not on party.

[wiss19]

-snip-

Yes, but not tried it yet.

I think, what we want just a normal cash game without a tournament system. I also want to tried cash game, and perhaps getting some profit from my first time cash game the problem while playing a tournament we must play until the end ~XD Still waiting for the regular cash game, to tired for playing a typical tournament poker but if you want to get the good prize with small entry.

Tournament it's always good.

The number of people who gamble poker at stake will increase with time if they keep doing marketing more and more. It is a very very rough retention thing at poker, most people already have their ways and they are not looking for other places, and it is not gambled nearly as much as other games too.

So, you are trying to get players from a very limited population that is already happy where they are, which means that if you offer a free tournament they may give it a try, but it is going to be hard to keep them there and make them deposit. I still think that they will do fine, it is not going to cost them enough to stop, we just need to make sure that they are aware we appreciate the game there and enjoy it whenever we can, and praise it whenever we can.

[Coin_trader]

That's why I chose to play Coin Flip, which only has 2 options: Head or Tail.

It’s still the same even in coin flip with 2 sides. The winning rate is not 50% since there’s always a house edge on all games. It’s not noticeable on fewer games since the house edge percentage is small but in huge number of bets you will notice that you will less compared your losses.

IIRC Blackjack is the only house game that can give you the lowest house edge if you play it correctly based on the strategy matrix.

[Mahdirakib]

I don't see any difference. In Roulette, you choose Black or Red, Odd or Even... and in Dice, you choose above 50 or below 50, they are both 50-50 choices.

No, you are not looking into the actual fact here. At Stake, dice game has 1% house edge and roulette has 2.7% house edge. There are 37 numbers on Stake roulette including the 0. Where the chance of getting 0 or any other number is 2.7%. But the chance of rolling the 50.00 or any other specific number is only 0.01% on the dice game.

[Symphonized]

BANG! 💥

The ball drops and a find way to 1000x for @JaredFPS 🔴

https://x.com/Stake/status/1803408640365256712

[Fivestar4everMVP]

-snip-

Yes, but not tried it yet.

I think, what we want just a normal cash game without a tournament system. I also want to tried cash game, and perhaps getting some profit from my first time cash game the problem while playing a tournament we must play until the end ~XD Still waiting for the regular cash game, to tired for playing a typical tournament poker but if you want to get the good prize with small entry.

Tournament it's always good.

The number of people who gamble poker at stake will increase with time if they keep doing marketing more and more. It is a very very rough retention thing at poker, most people already have their ways and they are not looking for other places, and it is not gambled nearly as much as other games too.

So, you are trying to get players from a very limited population that is already happy where they are, which means that if you offer a free tournament they may give it a try, but it is going to be hard to keep them there and make them deposit. I still think that they will do fine, it is not going to cost them enough to stop, we just need to make sure that they are aware we appreciate the game there and enjoy it whenever we can, and praise it whenever we can.

New games of this nature is always shot of players at the very beginning like this, most especially if it's an ancient type of game that most new gamblers don't know how to play it yet, for example, myself would have loved to try the poker game on stake, but unfortunately, I don't know how to play poker yet, though I've sat with some people while I watched them play, but I really didn't under the mechanics.

So, I very much agree with you that the number of poker players on stake will definitely grow, as far as they continue marketing and building really good product for their customers, some poker players may end up having issues with the casino they have been playing with, and the next casino of choice would be Stake.
And some of us who are already playing other games on stake but don't know how to play poker yet, as soon as we learn, we start playing too, and the number of players definitely (through this means) will keep increasing indeed.

[fullhdpixel]

Roulette and Dice game concepts are completely different. The 0 is a special payout number on the roulette game. But you will loss your bet if you roll the number 50.00 on 1.98× payout (50% win chance) in the dice game. This is because of the difference of house edge concept of both games.

BTW, I had participated in some freeroll poker tournaments of Stake until now. And I have managed to win prizes from only one tournament, I had ended with 83rd rank and received $1.5 as reward.

I don't see any difference. In Roulette, you choose Black or Red, Odd or Even... and in Dice, you choose above 50 or below 50, they are both 50-50 choices.

Black or red (odd or even) is a 47.4 chance of winning a 2x bet. On dice you also don't get 2x for betting over/under 50, 2.0x pays if you bet over/over 50.50.  The win chance for this is supposedly 49.5%. In reality it should be but we all know stake. 

So you have a chance of 47.4% at roulette vs a 49.5% at dice to win a 2x bet, that's a 2% difference in house edge which in the long run is HUGE.

That would be pretty hard to explain to the people, because I have seen people say "you have a 50% chance to win at blackjack, either you have a better hand than the dealer or you don't" and they think that is 50%. I love the tv show "young Sheldon" because it explains possibility and probability.

The difference is that I can go to my house today and find a million dollars or not, that doesn't make it 50-50% possibility of it, we all know that when explained this well and that tv show did it so well. However, there are still people out there who do not understand it that well, some do and still choose to ignore it and I respect those people because they made a decision, but some have no clue how any of this works at all.

[o48o]

Congrats, @o48o! The 3rd place in a tournament with 3,000+ entries is amazing!
-cut-

Thanks, but i feel i owe lot of my third place to that last table, because i am not sure why, but most in the table seemed to be eager to immediately put all in. I would have been completely happy with 10th place with $10, but i thought i might wait some hands out while other players were dropping. I had some money left, so i had some time to wait for the good hand, and other players were betting really aggressively. So after few hands, there were only few left and i ran out of money, and i went with last hand as a hail mary and lost.

And i haven't been that lucky since. But i wouldn't do free tournaments just for money every day, as tournaments are long and most of the time even if you play well, you are not getting into that last table. And games are less interesting when people with basically nothing to lose play, so they do all-ins a LOT. Not that i am complaining with free $80, but poker tournaments take lot of time and need lot of attention.

[BlackyJacky]

I spend more than the amount you involved on the house blackjack but never experienced what you are claiming since the result pretty fair as a regular blackjack player on both live games and house game.

You have lost more than 30,000 USD playing Black Jack at Stake and now you make nonsense posts for cents to recover your loss?  

I didn’t mention that I lost that kind of amount but I wager more than that amount on my overall game time on house blackjack.

You said "spend" and spend is giving money out of hand = lost and not wagered.

[Akbarkoe]

I have not been in contact with Stake.com for a long time and maybe still groping how they work, and I asked the community on telegram where they already have more than 20% increase in their VIP Level but still not subject to mandatory KYC, they are still comfortable making deposits and also withdrawals without having to do KYC.

If anyone knows, at what level are users required to do KYC? Or at what limits (withdrawals and deposits) are users required to do KYC, this might be quite useful, especially for me personally.

[Symphonized]

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[Bitinity]

I have not been in contact with Stake.com for a long time and maybe still groping how they work, and I asked the community on telegram where they already have more than 20% increase in their VIP Level but still not subject to mandatory KYC, they are still comfortable making deposits and also withdrawals without having to do KYC.

If anyone knows, at what level are users required to do KYC? Or at what limits (withdrawals and deposits) are users required to do KYC, this might be quite useful, especially for me personally.

There is no specific level and no specific limit as far as I can remember. What I know is that there are still many non-verified users with higher level such as Plat 1-Plat V and there are also many verified users on the same level but the reason is not because they are asked by Stake. The reason is usually because players want to get 100% extra bonus from some of the available promotions (mostly forum challenge). These non verified users are mostly old players who created the account long time ago, I'm included.

[BitcoinHunt3r]

I have not been in contact with Stake.com for a long time and maybe still groping how they work, and I asked the community on telegram where they already have more than 20% increase in their VIP Level but still not subject to mandatory KYC, they are still comfortable making deposits and also withdrawals without having to do KYC.

If anyone knows, at what level are users required to do KYC? Or at what limits (withdrawals and deposits) are users required to do KYC, this might be quite useful, especially for me personally.

This is a bit complicated to explain because each account has different benefits and it depends on when your account was created, we have some friends here who have been going for more than 3-5 years and he hasn't done any KYC at all and he can request withdrawals and make deposits up to $5000 well, if your account was recently created then you may have to follow the applicable rules because new rules continue to be updated every year. To answer your question, perhaps those who have created accounts since 2021-2022 can answer it because as far as I remember, that was the time when KYC was implemented.