There are a lot of myths and misconceptions about gambling - understanding the odds of gambling helps put the chances of winning into perspective.
Stake offers two products, Casino and Sportsbook.
Both products have different win rates and probability that players need to be aware of, which will help to understand the risks associated with gaming.
House Advantage/House Edge
Games have a house edge to ensure a percentage of the total amount wagered is returned to the House, which in this case is Stake.
All gambling has an element of randomness - there is no way to control the outcome of any casino game or sporting event.
Games/Spins are not related. Their outcomes are not dependent on how much, or how long, you’ve previously played the game for.
Odds and Probability
Odds and probability are ways to describe your chances of winning. Whilst the odds can appear to be low, there are no certainties in betting.
Ways We Can Help You Stay Stake Safe!
Stake is committed to promoting players to consider their own activity, whilst providing the tools they need to ensure they are in control, and playing with money they can afford.
Using Safer Gambling Tools on Your Account
Stake has a range of tools that can be applied to your account to set safe limits for you to play within.
A loss limit allows you to set a limit on how much you can afford to lose over your set period of time. The limit can be set over a period of one day, one week or one month. It is a net loss limit.Profits made during your set period will not count towards your limit amount. If you are profitable during the set period, you are able to use your profits to continue to wager and bet until you reach your loss limit. Unsettled bets count towards the limit. Please check your unsettled bets if you are unable to place bets, as these unsettled bets may be causing you to reach your limit.
A wager limit (or betting limit) allows you to set a limit on how much you can wager over your set period of time. The maximum bet limit can be set over a period of one day, one week or one month. The limit is not a net limit so profits are excluded. This means, if you are profitable during the period these profits are not offset against your maximum bet limit.
To increase or decrease your limits you must remove existing limits and create new limits. Upon removing limits a 24-hour cool off period will commence before you are able to create your new limit.
Lock yourself out of your Stake.com for a longer period of time if gambling is becoming a concern for you. You can opt for a 6 month, 1 year, 2 year and 5 year self exclusion. If you would like detailed information about how self exclusion works, please click here.
Gamban is a gambling blocking software that you can elect to install on your devices for the duration of your self exclusion. Eligible customers can receive a complimentary Gamban subscription on us when excluding for the periods of 3 months, 6 months or 1 year.
What is Problem Gambling?
A small population of people who gamble are considered to be problem gamblers. For these people, gambling stops being fun and starts to negatively affect other areas of your personal life such as:
Signs you May be developing Problem Gambling:
Getting overly upset by losses.
Chasing your losses back.
Not being able to stop or cut back gambling.
Hiding your gambling from others and being defensive about losses or time spent gambling.
Neglecting responsibilities (financial and personal relationships).
Using gambling to escape other problems.
Additional Resources to Assist
If you are worried about yourself, or if someone you know is having problems managing their gambling, there are several external support agencies that can assist with providing advice.
Talk to someone you trust about your gambling – such as a close friend or family member, a religious or community leader, doctor, or other health professional.
Gamtalk is a peer support forum to chat with others about their gambling histories and support provided. There are also external links for additional support.
This includes resources for the community regarding safe gambling tips and assisting others with a gambling related problem.
Stake.com does not support underage gambling.
Underage gambling is illegal, and is defined as anyone who is under the age of 18 years old at the time of account registration.
No winnings should be paid to such players if identified as someone who is underage.
Tips for Parents
Do not leave your computer unattended when your casino software is running.
Password-protect your casino program.
Do not allow minors to participate in any gambling activity.
Keep your casino account number and payment card(s) out of reach of minors.
Do not save passwords onto your computer.
Limit the amount of time your children spend online and make use of software to prevent your children from accessing inappropriate material.
Gambling Bet Blocking and Filtering Tools
In order to ensure child safety on the Internet, Stake encourages its players to make use of filtering software to prevent minors from accessing certain online material: