Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 715.

jostorres

hero member

Activity: 2534

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Quote from: Symphonized on August 30, 2020, 12:37:36 AM

Well...... did you?

#Megarace

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

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

For our races, we now accept sports bets! You can now win even more cash from our daily races through betting on our sportsbook!

Get to it now!

Sportsbook actually could cause a lot of people to join the megarace, there are a lot of people who do play there anyway, so even if they weren't looking for the mega race they were doing it anyway, with this they will be capable of just continue what they have been doing for a while now, they would play anyway and now what they do regularly will be considered in the mega race as well.

Now don't get me wrong I haven't played at a level where I should get anything, but since the sportsbook is now finally considered, I may actually considered to gamble a bit more. I don't know how much it will be to get something because it may require a lot more wagering now that sportsbook is considered, but if it is reachable I will actually consider increasing my wager a bit to reach that level.

actmyname

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Spear the bees

Quote from: leea-1334 on August 31, 2020, 06:20:55 AM

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.

The distinction is important because of a causal relationship. It should be noted that the house edge is not derived from the zeroes themselves but from the structure of the game.

The game constructed with the rules in its current state is the source of the house edge. For someone that has a flawed understanding of this, they may incorrectly assume that they can somehow "beat the zeroes" if they bet in some particular pattern, if they had originally thought that the zero was some magical number that held the house edge. (Gamblers can get loony, it's definitely a possibility.)

babygun

sr. member

Activity: 2142

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There are many sport promotions on going (for UFC, NBA, baseball) but I would like to see more promotions on popular sports such as soccer, tennis or cycling.
Are there any plans for a promotion around the Tour de France ?

leea-1334

hero member

Activity: 2296

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Temporary forum vacation

Quote from: actmyname on August 30, 2020, 02:18:05 AM

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.

Symphonized

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Primedice.com & Stake.com

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

MFahad

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Activity: 2506

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Eloncoin.org - Mars, here we come!

Quote from: eXtremal on August 30, 2020, 02:08:04 PM

Quote from: n0ne on August 30, 2020, 01:25:04 PM

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.

eXtremal

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Activity: 2106

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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: n0ne on August 30, 2020, 01:25:04 PM

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

n0ne

hero member

Activity: 2618

Merit: 548

SecureShift.io | Crypto-Exchange

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.

Haunebu

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Activity: 3178

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www.Crypto.Games: Multiple coins, multiple games

Quote from: rdbase on August 29, 2020, 10:34:00 AM

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. Wink

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. Roll Eyes

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.

Quote from: wiss19 on August 30, 2020, 11:45:54 AM

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.

wiss19

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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.

actmyname

copper member

Activity: 2562

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Spear the bees

Quote from: mu_enrico on August 29, 2020, 05:31:30 AM

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.

Symphonized

member

Activity: 2352

Merit: 57

Primedice.com & Stake.com

Well...... did you?

#Megarace

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

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

For our races, we now accept sports bets! You can now win even more cash from our daily races through betting on our sportsbook!

Get to it now!

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Quote from: pungopete468 on August 28, 2020, 04:14:23 AM

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. Wink

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. Roll Eyes

mu_enrico

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Slots Enthusiast & Expert

Quote from: ralle14 on August 27, 2020, 04:16:26 PM

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.

Haunebu

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Activity: 3178

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www.Crypto.Games: Multiple coins, multiple games

Quote from: actmyname on August 28, 2020, 02:57:14 PM

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.

Bitinity

legendary

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SOL.BIOKRIPT.COM

Quote from: roycilik on August 29, 2020, 12:31:53 AM

Quote from: Symphonized on August 27, 2020, 11:58:36 AM

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.

roycilik

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1% Skill 99% Luck :v

Quote from: Symphonized on August 27, 2020, 11:58:36 AM

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

Symphonized

member

Activity: 2352

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Primedice.com & Stake.com

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

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

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

Want to join Eddie in the stream? Click the link below!

https://www.twitch.tv/primeedd

actmyname

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Spear the bees

Quote from: Haunebu on August 28, 2020, 11:38:32 AM

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.

Haunebu

hero member

Activity: 3178

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www.Crypto.Games: Multiple coins, multiple games

Quote from: leea-1334 on August 28, 2020, 10:08:28 AM

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.

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