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How can someone afford ~10.000$ promos a week?


Snike

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"How can someone afford ~10.000$ promos a week?"

This is the question that's going through my mind when I think about stake's evolution over the last year. At the beginning their main costs were the faucet and forum giveaways. Nowadays they do 5000$ races on the weekend, daily up to 1000$ telegram challenges and throughout the week there are like 1000$ forum giveaways and stuff.ย 

But how can one afford to spend like 10.000$ every week and not go completely broke. This makes me thinking about stake's possible weekly income. It has to be over a constant 20k $ if they can give out 10k $ a week without worrying. I also think stake relies on the winners of those challenges to just bet the won money and maybe even get it back from the players xD

ย 

What do you think, whats behind the high amounts of money given out by stake every week? Is it all a plan or is stake just rich af right now?ย 

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Oh I'm sure Stake makes many times $20k a week, there's no way they would be giving away half their profit each week. Just by the huge amounts wagered in these races I'd be willing to bet they are making many times the race prize in profits for every single race. You have to remember Stake is a business and they aren't doing these things out of charity.

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11 minutes ago, FotisNt said:

Well, I guess that its kind easy to make that money out of a casino. I mean, many players are losing deposits which are going to the house? These promos are also helping the casino to be more and more popular.D:

Of course many people are losing. But 20k $ is like 1.7 btc. That in weekly profits is just crazy in my mind.

9 minutes ago, bobdole said:

Oh I'm sure Stake makes many times $20k a week, there's no way they would be giving away half their profit each week. Just by the huge amounts wagered in these races I'd be willing to bet they are making many times the race prize in profits for every single race. You have to remember Stake is a business and they aren't doing these things out of charity.

Well yes, stake is a business. But they do share a lot of money just for the promo. They dont earn anything from the twitter giveaways for example

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First of all,on races they make money,they dont lose the ammount,because of highrollers fighting each other and end up busting most of the times .

Telegram challenges are decreased now depending on your rank,now they will only spend 30-100 $ on those instead of 100-300$,because noone participates with the 0.5 $ anyways .

Only the real profits they giveaway is coupons,but we all know 99% of the people rip them because of the minimum withdraw and who would want to withdraw 3-276 xrp like the highrollers wouldnt even withdraw the 80$ they got from bday coupon,most of them allined it and lost . rains are pennies to them nowdays,faucet nonexisting .

last we got forum,forum is kinda a big one tbh,every user can get easily like 0.2-1 $ from making posts,but then again would people want that,and they on and off do challenges/events where more people rip on them aswell so they give a chunk back,but there are some free coins yeah,but most of it goes back or is made for the site to profit more off that event or challenge or whatever event type giveaway they make .ย 

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They could afford it because they earn much more. But I think most people don't withdraw their prizes ;)ย They continue to play and most of them bust it probably. I'm guessing 80% of the people don't withdraw the prizes and most of them losing them or withdrawing only part of it when they see they are going to bust, so probably it's not that bad for stake since they get most of those prizes back anyway :)

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Lol they make millions and worried about 10000 usd ? They have a lot of players over 1000 players now and that is huge and thats what allows them to do more promos so they get more players.ย 

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On 8/10/2019 at 3:18 AM, Snike said:

Of course many people are losing. But 20k $ is like 1.7 btc. That in weekly profits is just crazy in my mind.

well manย  you all guys know that stake have bigger community according to you if 1.7 btc is giving away / week then i am sure there are more than 10000 users visting site each week so if every one loss 0.002 its easy there are daily races which i seen mostly users wagered more than house edge loss . so it is possible stake is getting good profit so they can do it easily :)ย 

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On 8/10/2019 at 6:01 AM, Snike said:

"How can someone afford ~10.000$ promos a week?"

This is the question that's going through my mind when I think about stake's evolution over the last year. At the beginning their main costs were the faucet and forum giveaways. Nowadays they do 5000$ races on the weekend, daily up to 1000$ telegram challenges and throughout the week there are like 1000$ forum giveaways and stuff.ย 

But how can one afford to spend like 10.000$ every week and not go completely broke. This makes me thinking about stake's possible weekly income. It has to be over a constant 20k $ if they can give out 10k $ a week without worrying. I also think stake relies on the winners of those challenges to just bet the won money and maybe even get it back from the players xD

ย 

What do you think, whats behind the high amounts of money given out by stake every week? Is it all a plan or is stake just rich af right now?ย 

Itโ€™s a small price to play for players who would possibly be future High-Rollers of Stake... and you can imagine the amount they earn from these players canย only increase if they become regulars.

The races are a great way to both advertise Stake and get players to wager more at the same time, weeding out the High Rollers and giving them the VIP treatment doesnโ€™t hurt!ย 
ย 

ย 

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I would assume that the vast majority of the giveaways and such that they run, including the races, that they get a big portion of those prizes back by the players losing them afterwards.ย  Also, during the races I would think that they are making quite a lot because a lot of players probably play riskier trying to get a big amount of wagers to climb the leader board.ย  Just look at the $20k mega race this past weekend.... the top 10 only wagered over 165 BTC combined during the race, assuming that Stake made the 1% house edge on those 10, that alone is almost $20k.

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3 hours ago, williamshennie9 said:

Well I wouldn't count the races because Stake probably makes a profit off those due to the house edge and a lot of people wagering more than usual. So they must be doing well to host all of these giveaways :)

I would definitely think Stake is doing just fine.ย  I have heard Eddie talk about the fact that Stake is about breaking even these days, but with the huge influx of new players and such, I would think that huge profits for Stake are right around the corner if they are not already happening.

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10 hours ago, barbaris said:

This is a casino, and gambling has always been one of the most profitable. Therefore, this is not surprising, if they do this, then they can afford it. After all, the promo brings the main income of the casino and therefore you need to invest in it.

Absolutely true.ย  The best way for casinos to be more profitable than they already are is to continue to give back to the highest wagering players.ย  Not only will most lose back the winnings from such events, but will deposit more and more as well.

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  • 2 weeks later...
On 8/12/2019 at 5:44 PM, Eugene265 said:

Stake is the best casino so far and they are trying to get all the players from differnce websites. Also our Owner (Eddie) is the most kindest Owner of gambling website I know so far. I never saw such a things we have on Stake today on any other place and that makes stake unique against others.

he has Tons of btc from 2013, oldest site, btc was cheapest for them :d, and most of giveaways go back anyway , but it is.. very cool ๐Ÿ˜‚

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On 8/10/2019 at 6:01 AM, Snike said:

"How can someone afford ~10.000$ promos a week?"

This is the question that's going through my mind when I think about stake's evolution over the last year. At the beginning their main costs were the faucet and forum giveaways. Nowadays they do 5000$ races on the weekend, daily up to 1000$ telegram challenges and throughout the week there are like 1000$ forum giveaways and stuff.ย 

But how can one afford to spend like 10.000$ every week and not go completely broke. This makes me thinking about stake's possible weekly income. It has to be over a constant 20k $ if they can give out 10k $ a week without worrying. I also think stake relies on the winners of those challenges to just bet the won money and maybe even get it back from the players xD

ย 

What do you think, whats behind the high amounts of money given out by stake every week? Is it all a plan or is stake just rich af right now?ย 

i think lot of people are losing more than people that actually win, your not seeing it, every second there is a person losing their money, mean its more than what you can calculate

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Hello,

I think a lot of people busted a lot on Stake... So they can easily make giveaways/challenges and races... I think the MEGA Race is entirely paid by the racers, when they bust. Also the maximum bitcoin win in 1 bet is really big, so don't worry for Stake ahah.

With regards, Kinou.

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here we can see how enthusiastic many coin owners like to waste their money when the race goes on and not a few of them are tolerating losses, I see many people who get the top 10 but their profits are mostly minus and it has been seen that stake give a big prize every week closed in just 1x race

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If add the factor that stake is in the gambling industry for 2 year or maybe 3 years already, and the house always win, i think that it is given that stake won and will win a lot so giving some of its loyal players and high rollers some priviledge to keep them rolling, the possibility of stake winning is increasing 'cause the long you play the high the risk.

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