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Increase prize pool for weekly VIP promotions


theymos
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I think that 1 of 2 actions should be taken regarding the VIP promotions:

1. Increase the prize pool substantially to accommodate the number of VIP's posting. This week the prize pool from 11th place onwards will equate to less than $4 per VIP member for completing the challenge, that requires a $1 USD minimum bet. I think that Stake has benefited greatly by investing in good promotions and VIP rewards such as races and weekly bonuses, and there would be no issue bumping up the prize pool to something closer to $5,000 to $6,000 per week for all of their VIPs.

2. Increase the difficulty for each challenge. The challenges have mediocre difficulty, they can usually be achieved in a short time frame, but also it doesn't require tedious autobetting for dumb high multipliers. Maybe if there are multiple challenges to do per week it would be more enticing. However, action #1 above would be preferred.

What do you think?

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I agree a little bit that now the prizes are getting smaller but I believe that is because of the massive amount of entries.

I have a good solution to cut this down. How about prizes should be based on ranks, for example.

1- Bronze members can participate in only 1 promotion.

2- Silver members can participate in 1 casino and 1 sports.

3- Gold members and above can participate in all of the promotions.

4- Platinum and above already have a separate VIP battle so we don't mind that much the regular promotions.

I would love to know the verdict from the staff on this mode. I mean in the rules you can just add, you need to be a ABC rank member to participate and limit the number of participants by doing this.

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I gotta say I kinda agree with everything both of you say. The VIP Challenges most of the time are hard hitting challenges if you don't have like 20000$ on your account. And if you just manage to do the minimum requirement you get like 3 or 4 dollar as a price, but probably busted 100-500 dollar getting it.

Overall the weekly challenges are not really balanced in my opinion. Some weeks challenges are hard as crazy, some weeks they are easier than winning 1.01x on dice. And I mean all of them, the weekly challenge, the sports challenge, the slots challenge, the vip challenge.

I am fine with a hard challenge, but not if the reward is not even 5 dollar for the high risk. And this leads to a lot of people not participating, decreasing the price pool in the process and making it even less worth trying to hit it ironically. 

Edited by JacksonPalmer
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I completely get where you are coming at. Entering a challenge, risking a lot of money and walking away with only a small win at the end might be disappointing. At first, I thought this was going to be a post where someone is complaining about only getting a couple bucks for free, but I do get where you are coming from.

Firstly, I like your approach with this. You’ve explained why a growth is not just financially beneficially for yourself, it can lead to a growth in the site. Increasing prize pools not only makes players feel more valued, it is a clear implication that the site is growing and they have more money to offer to players.

Similarly, maybe a solution for this could be to have more people in the highest bracket winning. For example, extending the higher prizes from 1st - 10th, to 1st - 25th. This will reward more people and prevent too many people being in a collective, equal prize pool.

Overall though, I do have to come back to the point that it is just money added back on to your gameplay. Looking at other sites, I would say that hardly anyone is doing promotions like this, to the extent that Stake do them. However, increased prize pools could come around if the number of people taking part does increase, to create more value for players and once again improve player retention.

 

On 11/10/2020 at 7:46 PM, fdokfo said:

I agree a little bit that now the prizes are getting smaller but I believe that is because of the massive amount of entries.

I have a good solution to cut this down. How about prizes should be based on ranks, for example.

1- Bronze members can participate in only 1 promotion.

2- Silver members can participate in 1 casino and 1 sports.

3- Gold members and above can participate in all of the promotions.

4- Platinum and above already have a separate VIP battle so we don't mind that much the regular promotions.

I would love to know the verdict from the staff on this mode. I mean in the rules you can just add, you need to be a ABC rank member to participate and limit the number of participants by doing this.

I love this idea, but I don’t want the thought of only the higher players getting the attention. Sometimes, the bronze players can actually bring more value to the site, than someone that is platinum V and they rarely play. Even though it can give them a further incentive to rank up, it could be an impossible goal for many people, making them less likely to take part in the promotions.

For me, allowing all VIPs to enter promotions like this can improve morale for everyone and sustain player retention. Once you are ranked as a VIP, I think that there should be incentives to rank up, but certain exclusions can make people feel like they are less valued.

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