Thanks mate. This is what I fear the most when I inquire this question. I guess I will stop playing for a while since it’s such a waste to accumulate wager without having the weekly reload even though I slowly level up my VIP.
I saw many user discussed about Stake big promotion for Christmas. Is this some kind of bonus same with weekly reload that focus in wager volume to get reward or a raffle type promotion that use tickets?
Last year Stake provided a big promotion for Christmas but of course a weekly wager was required, as far as I remember the total bonuses distributed reached $50-100 million and we can claim bonus codes every day from $15 to $60 per day this promotion runs from December 1 to December 25, while for this year's celebration we haven't heard how they did it whether in the same way or in a new way but I think the budget will be lower than last year maybe less than $10 Million, this is based on the lower bonuses we have received recently.
Just for your information, to participate in the daily bonus code we usually need to wager $5k-10k in a week and every day it will increase upto $500-$1000, on the last day the total wager required was $15k-$16k as far as I remember. If you ask whether we make a profit, yes, of course, but not too much but we get other benefits, for example the VIP level increases rapidly and the weekly/monthly bonus also increases. By the way, there is also another event, basically there is a challenge for 25 days.
@BitcoinHunt3r do you think they’ll launch a big event like the last one because they already lost a lot due to the hacking and due to geopolitical problems lot’s has changed hence it’ll be interesting to see which route Stake decides to take. Lastly I’ll be lying if I say I don’t expect a promo heading into December but I won’t be disappointed if they don’t match last year’s event.
First of all, those losses because of the hack have been recovered in less than 1 week. So that's not an issue.
Second, the bonus drops are costing them 0 money, they make money with the.
10k in wager with a 1% house edge means people will lose at least 100$ to get those 10k wager, and thats the bare minimum. Most people lose MUCH more.
So the drops pay for themselves.
The rest of the christmas promo is mostly bs. Some twitter winners (almost always the same "winners", most likely family and friends), some challenge winners, the regular monthly ( maybe 2 ) which also pays for itself because of house edge and that's basically it. Everything is funded by wager, they don't lose/invest 1 cent in the promo because people are stupid enough to wager a lot to got some small $ back.
It only looks good on the outside but the actual reward is basically nothing. You you can a bare minimum of your losses back.