JCapps Posted April 25, 2015 Share Posted April 25, 2015 If you haven't heard, http://sweetstakes.tf/ has been launched! It is a site in which you can add items to a pot for a chance to win the whole pot (95% actually. 5% goes to the site). Depending on how much you put in the pot will determine your chances of winning. So basically if you are a patient rich person you will automatically be able to scam items without getting in trouble. ... Unless lady luck just really isn't on the rich person's side. ... In which that case, rich person will declare the site as rigged and begin to gather pitchforks. ... So yea, welcome to karma.tf. Enjoy your stay. Link to comment Share on other sites More sharing options...
The One Posted April 25, 2015 Share Posted April 25, 2015 So basically if you are a patient rich person you will automatically be able to scam items without getting in trouble. It's not a scam. Link to comment Share on other sites More sharing options...
Utsoob Posted April 25, 2015 Share Posted April 25, 2015 It's not a scam. It's still really fucking stupid though. Link to comment Share on other sites More sharing options...
JCapps Posted April 25, 2015 Author Share Posted April 25, 2015 It's not a scam. Boy, i didn't expect you to reply so quickly. It's like you're waiting to see how long you could do this before someone said something... Link to comment Share on other sites More sharing options...
The One Posted April 25, 2015 Share Posted April 25, 2015 Boy, i didn't expect you to reply so quickly. It's like you're waiting to see how long you could do this before someone said something... I just happened to be online and saw your post. Link to comment Share on other sites More sharing options...
JCapps Posted April 25, 2015 Author Share Posted April 25, 2015 I just happened to be online and saw your post. Of course you were online. You literally took another pot 30 5 minutes ago by dumping a value bomb on it. On one side, good for you for quickly finding an exploitative method on the site. On the other side, wtf man. Are you really driven to earn profit using an abysmal tactic such as this? This just HIGHLY discourages users from even bothering to enter again. Why even bother entering if you know someone is going to ruin the fun and drop a pile of gold in the pot and automatically win? It ruins the fun of the idea. Link to comment Share on other sites More sharing options...
Prof. TrollDemo Ph.D Posted April 25, 2015 Share Posted April 25, 2015 So basically if you are a patient rich person you will automatically be able to scam items without getting in trouble. It's not a scam. Patient rich person spotted. Link to comment Share on other sites More sharing options...
zirune Posted April 25, 2015 Share Posted April 25, 2015 Of course you were online. You literally took another pot 30 5 minutes ago by dumping a value bomb on it. On one side, good for you for quickly finding an exploitative method on the site. On the other side, wtf man. Are you really driven to earn profit using an abysmal tactic such as this? This just HIGHLY discourages users from even bothering to enter again. Why even bother entering if you know someone is going to ruin the fun and drop a pile of gold in the pot and automatically win? It ruins the fun of the idea. When you take out the 5% that the site takes, The One's not exactly winning much... $398 to win $425 is a whopping ~$5 profit, and the $352 bet to win $368.54 is actually a net loss... That's before you even take into account the fact that it's not a guaranteed win. These sites (this, and CSGO Jackpot) are just a good way to rake in a lot of money, like all forms of gambling. Thing is, there's already a form of gambling in TF2 that doesn't take a 5% cut (unless you've got a middleman that does it): Spycrabbing. There's really no reason for this site to exist when it comes to making any significantly-valued wager. For a craft hat or two, though? Sure. Link to comment Share on other sites More sharing options...
The One Posted April 25, 2015 Share Posted April 25, 2015 On one side, good for you for quickly finding an exploitative method on the site. On the other side, wtf man. Are you really driven to earn profit using an abysmal tactic such as this? This just HIGHLY discourages users from even bothering to enter again. Why even bother entering if you know someone is going to ruin the fun and drop a pile of gold in the pot and automatically win? It ruins the fun of the idea. 90% or 95% != 100%. Dropping a pile of gold does not mean automatic victory. There have been people with 1% - 5% chance of winning, and won. Higher bets = higher potential losses. As for what I am doing would discourage others from joining... I am not breaking any rules; this is how the game is. If you find this unappealing, then the game is not for you. Link to comment Share on other sites More sharing options...
The One Posted April 25, 2015 Share Posted April 25, 2015 When you take out the 5% that the site takes, The One's not exactly winning much... $398 to win $425 is a whopping ~$5 profit, and the $352 bet to win $368.54 is actually a net loss... That's before you even take into account the fact that it's not a guaranteed win. Yeah. Exactly. Link to comment Share on other sites More sharing options...
♠Derpeh♤ Posted April 25, 2015 Share Posted April 25, 2015 It's still really fucking stupid though. How is it stupid? The 5% fee prevents you from just dropping crazy values and you're the one risking everything for very small profit. Taking d0's example of dumping 2000$ to a 200$ pot, it means he has a ~91% chance of winning and if he wins he gets 90$ profit (2090$ accounting for fees) i.e. risking 2000$ for 90$. It isnt a sure win rate and even a single loss would push you heavily into the negative. Big risk, small reward it isnt a broken system which everyone makes it out to be. Link to comment Share on other sites More sharing options...
TheVenomWithin Posted April 25, 2015 Share Posted April 25, 2015 It's still really fucking stupid though. No such thing as stupid if you are making money. /end thread Besides, you don't make much here. Depends on the pot, but usually the risk> the reward. EX today Bob put up 13k for 88% chance of winning his 13k+ an additional 1k. Isn't worth it imo. I used the site and quit while I was ahead when I lost. TBH, you must admit Geel is filthy rich now. I believe hes made at least $5,000 today if i'm not mistaken, Which is easily enough to live on although its mainly because of hype. I do expect it to die off later, but even $500 a day aint bad. Just a few things to keep in mind. Link to comment Share on other sites More sharing options...
JCapps Posted April 25, 2015 Author Share Posted April 25, 2015 When you take out the 5% that the site takes, The One's not exactly winning much... $398 to win $425 is a whopping ~$5 profit, and the $352 bet to win $368.54 is actually a net loss... That's before you even take into account the fact that it's not a guaranteed win. These sites (this, and CSGO Jackpot) are just a good way to rake in a lot of money, like all forms of gambling. Thing is, there's already a form of gambling in TF2 that doesn't take a 5% cut (unless you've got a middleman that does it): Spycrabbing. There's really no reason for this site to exist when it comes to making any significantly-valued wager. For a craft hat or two, though? Sure. 90% or 95% != 100%. Dropping a pile of gold does not mean automatic victory. There have been people with 1% - 5% chance of winning, and won. Higher bets = higher potential losses. As for whether what I am doing would discourage others from joining... I am not breaking any rules; this is how the game is. If you find this unappealing, then the game is not for you. This is the main issue I have. There really is no point to this site at all other than snatching curious new "game" players' items. Once all the new players are gone, all the informed non-rich players will no longer play...which will slow down the process...and which then things will just completely die out. No such thing as stupid if you are making money. /end thread Besides, you don't make much here. Depends on the pot, but usually the risk> the reward. EX today Bob put up 13k for 88% chance of winning his 13k+ an additional 1k. Isn't worth it imo. I used the site and quit while I was ahead when I lost. TBH, you must admit Geel is filthy rich now. I believe hes made at least $5,000 today if i'm not mistaken, Which is easily enough to live on although its mainly because of hype. I do expect it to die off later, but even $500 a day aint bad. Just a few things to keep in mind. You hit it right on the nail captain. Link to comment Share on other sites More sharing options...
thecityburns2day Posted April 25, 2015 Share Posted April 25, 2015 When you take out the 5% that the site takes, The One's not exactly winning much... $398 to win $425 is a whopping ~$5 profit, and the $352 bet to win $368.54 is actually a net loss... That's before you even take into account the fact that it's not a guaranteed win. These sites (this, and CSGO Jackpot) are just a good way to rake in a lot of money, like all forms of gambling. Thing is, there's already a form of gambling in TF2 that doesn't take a 5% cut (unless you've got a middleman that does it): Spycrabbing. There's really no reason for this site to exist when it comes to making any significantly-valued wager. For a craft hat or two, though? Sure. a lot of The One's wins are at 93-94%. So he's barely making anything. How is it stupid? The 5% fee prevents you from just dropping crazy values and you're the one risking everything for very small profit. Taking d0's example of dumping 2000$ to a 200$ pot, it means he has a ~91% chance of winning and if he wins he gets 90$ profit (2090$ accounting for fees) i.e. risking 2000$ for 90$. It isnt a sure win rate and even a single loss would push you heavily into the negative. Big risk, small reward it isnt a broken system which everyone makes it out to be. last night in a pot I had a 76% chance of winning, lost to a guy who had a 3% chance. RIP 400$ pot Link to comment Share on other sites More sharing options...
Ernie The Penguin Posted April 25, 2015 Share Posted April 25, 2015 these sites are mainly a place where rich people place a portion of their inventory that they can afford to lose and at the same time have a high chance of winning. w/ 1 win you already have positive income and with that they can keep placing items and build a bank. so rich get richer the rich people have a monopoly on the site at the moment once people grow balls and more people gamble high we shouldnt see this 1 sidedness anymore and in my opinion, having one person put crazy high doesnt discourage others at all. The low gamblers put in their money expecting that they lose, but the feeling of "what if" drives them to continuously put smalls but eventually we shall see a big upset Link to comment Share on other sites More sharing options...
The One Posted April 25, 2015 Share Posted April 25, 2015 a lot of The One's wins are at 93-94%. So he's barely making anything. Yeah. Currently reviewing my betting strategy. Link to comment Share on other sites More sharing options...
Merndy Posted April 25, 2015 Share Posted April 25, 2015 these sites are mainly a place where rich people place a portion of their inventory that they can afford to lose and at the same time have a high chance of winning. w/ 1 win you already have positive income and with that they can keep placing items and build a bank. so rich get richer the rich people have a monopoly on the site at the moment once people grow balls and more people gamble high we shouldnt see this 1 sidedness anymore and in my opinion, having one person put crazy high doesnt discourage others at all. The low gamblers put in their money expecting that they lose, but the feeling of "what if" drives them to continuously put smalls but eventually we shall see a big upset It wouldn't make sense to even try, with people having ~1000+ bud backpacks, I wouldn't even try it. If people don't try it, they'll eventually burn out and the site will die, generating a failure of a website launch. Link to comment Share on other sites More sharing options...
1+1=3 ? Posted April 25, 2015 Share Posted April 25, 2015 This is not a scam unless the system is not working as geel stated on the website. According to the math, when people play a lot, they will eventually gain or lose nothing. However, there is transaction fee 5%. That means all of u will lose. Geel will win. Get it? Link to comment Share on other sites More sharing options...
w0lk Posted April 25, 2015 Share Posted April 25, 2015 They wanted to rip-off CSGOJackpot. But it turned out shit tbh. Link to comment Share on other sites More sharing options...
Mengh. Posted April 25, 2015 Share Posted April 25, 2015 This is not a scam unless the system is not working as geel stated on the website. According to the math, when people play a lot, they will eventually gain or lose nothing. However, there is transaction fee 5%. That means all of u will lose. Geel will win. Get it? Every time there's a $1k+ raffle, Geel gets at least $50 from fees >.> Looks like he's going to be winning big. Link to comment Share on other sites More sharing options...
Jordan Posted April 25, 2015 Share Posted April 25, 2015 Geel is the only person truly profiting. Link to comment Share on other sites More sharing options...
1+1=3 ? Posted April 25, 2015 Share Posted April 25, 2015 Geel is the only person truly profiting. People here aren't smart enough to know that and keep complaining. Link to comment Share on other sites More sharing options...
∞Ramses Posted April 25, 2015 Share Posted April 25, 2015 He should create jackpots where only a max amount of keys is allowed. No items, no refined, just keys. Link to comment Share on other sites More sharing options...
Pilobacon Posted April 25, 2015 Share Posted April 25, 2015 Patient rich person spotted. Patient rich person ignited flame war inbound Link to comment Share on other sites More sharing options...
Professional Map Painter Posted April 25, 2015 Share Posted April 25, 2015 He should create jackpots where only a max amount of keys is allowed. No items, no refined, just keys. I propose we name it the "Long218 Tribute Pot". Link to comment Share on other sites More sharing options...
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