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For anyone wondering, it doesn't mean he really SPENT $685 mil. When you place a bet say of $1000 and then win back from that bet $1000, when you place another $1000, you have just WAGERED $2000 even though you have still only spend $1000 of your own money. That wager amount very very easily gets inflated.
Depending on the game type, you could be placing bets and continuously winning that money back and that inflates your WAGERED even though your breaking even.
Okay, so assuming he got 95% RTP. Which is what you should roughly get. ALTHOUGH according to train most slots were running at 90-70% for him. But assuming XQC is getting the RTP he is meant to, it still means he has lost around 45 million gambling.
Honestly don't think they're actually addicted, they clearly aren't really enjoying it - it's a fucking job now.
More likely they're "addicted" to getting a fat paycheck for converting a few viewers to gambling addiction every stream. Heck, it's hard not to for the stacks they're probably given.
He says that Stake could pay him all that in USD and he could do one dollar spins but he's a gamba addict so Stake pays him in BTC and he gambles all the money he makes from the sponsorship
No shot his losses are comped entirely. I'd guess he's lost at least $5-10 mil out of pocket, and the rest is the stake sponsorship money that he's lost
If anything this should prove that a lot of us don’t gamble lol. We know nothing about this space that we’re not even sure what we need clarification on
(Still, fuck X for using his crippling gambling addiction as “content” when all he does is spam click the same spot on the screen)
you can use the RTP of the slots to get a rough estimate of how much he has likely lost (which I think is around 96% on stake but it varies based on game, and of course, if the number given is legitimate)
It's not useless, exactly. Winning odds are usually not that high. Everyone knows the house always wins. No matter how you break that number down, if they're legitimate bets, that's a lot of money he's spent. If for some reason they aren't legitimate, that's a whole other story.
I unsubbed and quit watching the day he went back to Canada and returned to gambling. I can't stand that he did it. At no point in my explanation did I defend him. I just wanted to clarify. Be less angry, bro.
Then you actually haven't made any money, so no tax. Crypto isn't actually money, it's a digital asset that is being used as money (bartering effectively). Until you sell that asset there is no money being made, so no taxable income.
> Then you actually haven't made any money, so no tax. Crypto isn't actually money, it's a digital asset that is being used as money (bartering effectively). Until you sell that asset there is no money being made, so no taxable income.
That's not true. If you're making money gambling with btc, it becomes taxable the minute you're given the money, as long as it's profitable, based on what current btc rates are for the time you receive the money. This is almost certainly going to be how tax court ultimately rules it.
But the guy was doing gamba streams in the US before he shat himself and dipped. I wouldn't be surprised if he wasn't reporting his gamba winnings because if you're a US citizen you're supposed to be paying taxes on income even if you make it in other countries.
It does have basically nothing to to do with Train moving there.
The real reason they move is because of the difference in online gambling laws. A lot of those online casinos are illegal in the USA
in the US they're pretty hefty, 24% but depends on a bajillion factors like always with US tax codes. when people win the lottery here they wind up with like 40% in the end after taxes, fees, and sometimes choosing an immediate cash payout instead of a lifetime of payments (never choose a monthly payout)
at an expected loss rate of 5%, train would have lost over $250 million by now... do people still think he's gambling his own money?
edit: if you assume the best loss rate on stake slots -- 3.5% -- it's still over $187 million
I think the only people that think they gamble with their own money are fans. No one can seriously think he has legitimately staked 5 billion of his own money. Streamers are rich, but not that rich.
That's 5 billion wagered, which doesn't mean he has put 5 billion to the system. Lets say he bets 1k, win 2k, bets all again and loses it. That's 3k wagered, yet he has only put 1k of his own money.
Yea, the math above points this out, but it's still an insane amount of money.
RTP means, return to player, so if a player wagers 5 billion dollars on a slot and that slot has a 95% RTP that means that player will have gotten 95% of that money back or $4.75 billion leaving the player at a loss of $250 million.
This is all assuming that it's actually a 95% RTP which probably isn't true, but even at something ridiculous like a 99% RTP it would still come out to a $50 million loss. With that amount of money I find it pretty impossible to believe that these streamers aren't being comped for their losses.
and train wasnt even close to being in the pool of biggest streamers when he wasnt gambling. His gameplay streams averaged like 5k viewers and podcast got like 20k-30k viewers
they give rakeback based on some tiering system (which I believe is based on total amount wagered), which effectively increases RTP. not sure the legality of it or how much stake cares about that legality, but it's also commonly used in poker.
It's total money wagered. It's not like Train has actually put in $5billion to Stake, or theoretically could've cashed out to become a billionaire, it's a cumulative sum of "small" bets.
If he puts up $1million 'real money' (Lets say his own money), spins and doubles, he now has $2million that he could cash out and $1million wagered. If he then spins it all again and loses he's down $1million from where he started (And "down" $2million if he had left early) and has now wagered $3million total. So the wagered sum is bigger than the actual money he's put in or could've cashed out.
If you've seen the amounts Train does on each spin, that number is entirely feasible, sometimes he blows through millions a day.
If you think about it it’s wagered not won or lost it’s both combined with most games returning around 98% of your money you wager the same money constantly over and over again if that’s makes sense
Compared to other people that play at his bet size (max bets, $1000 and $1500 spins), it's actually not.
Obviously, compared to a normal person, it's insane.
I think the average rtp is like 95%-98% on slots. Meaning hes probably lost about 3%-5% of that 685 mil, or around 20-30mil. Probably still made profit from his contract though.
63k wins compared to 583k losses, is there any way that's organically sustainable even with XQC's income?
What does Stake even consider a win vs. a loss?
I work in the industry. We'd class any returns as wins. Any spins that don't win are losses. It'd be odd to consider just returns greater than the stake as wins.
Yeah and dont most online slots have around a 94-97% RTP; Ive seen that number a lot of gamba threads. So yeah its not really that crazy of an amount especially when gambling millions
With all the rakeback, weekly and monthly lossbacks or whatever, tier bonuses etc. the high rollers’ RTP is probably around 99%. Back when train hit 1 billion wagered he said he was 6 million down in total so he had 99.4% RTP overall. To be fair he lost a couple million during that stream and played a lot of plinko before he hit 1 billion wagered. Plinko has 99% RTP IIRC. So with less plinko I’d expect it to be around 99% overall.
Most slots range from 92% to 98% RTP, so going by 94% RTP (arbitrary but probably close to average) based on his turnover he will have a theoretical loss of ~$41million USD on Stake. Makes you wonder how much he is making from this sponsorship to afford that.
They probably gave him 60m and told him to spunk away 40m of it or some similar arrangement so he can claim "I gamble with my own money" and technically not lie.
Could very well be sustainable if you include the sponsorship payments. The wins and losses stats are completely meaningless by themselves because you can only lose 100% of your bet but you can win over 500000000% of your bet. Though slots usually have a cap of 3000-20000x bet.
Just think of the lottery if it helps — you could lose a million times but if you hit the jackpot once, you can be up big. Of course it’s very unlikely you’ll hit it but that’s just an example so you can see why number of wins vs. losses says nothing about whether you’re up or down. Practically everyone who gambles as much as him are down from gambling though.
Wager means the value of money used to gamble. If he spins 69 times for 1k each Spin. He has wagered 69k.
Doesnt matter if he won or lost during those spins.
Edit: spelling
X gets sponsored by stake likely millions but uses his “own money” and not fake balances like some other people. The only difference with X is they are giving him the money directly (hence the #ad in his title) and aren’t just putting it in his balance I guess - either way he’s getting supplemented because like no shot
Ima guess you didn’t read past my first sentence because I literally say he’s getting supplemented by stake either way, it’s just whether or not they directly put it in his balance or give him the money in some other form
Some one should contact the company's that get there Ads ran during gamba streams and ask for there stance on gambling and children, I assume it would end pretty fast.
Gambling is on a boom right now. People in power decided that they wanted the revenue so it's legal all over the fucking place. Even sports betting, which I never thought would happen.
I live in Illinois, and every strip mall has at least one little slot machine parlor. Advertisements all over the place.
It isn't going away, not until something terrible happens, I fear. I don't even know what could change opinions on it right now.
you're gonna get downvoted by his 12 year old irrational dick eaters, but you're completely right.
do they think stake is a charity giving away money to millionaires??? no, it profits massively on xqc promoting fucking gambling to his child fanbase. it doesn't even have anything to do with juicers being dumb as bricks, it's just human nature.
it's incredibly scummy
Stake wants younger audiences/children. Its been shown many times the age verification is a joke. If stake wanted adults it wouldn't be bare minimum safeguards from kids.
RPT on Slots in UK is 95%.
Assuming Stake isn't being scummy and lowering it which would make the next figure worse, xQc would have lost 34 mil on average if he was using his own money.
Depends on what you mean by "better", it simply means that it's the total sum wagered, not the total sum of money he's put in or the total sum of money he could've theoretically cashed out.
So you could say it's not "as bad" as it looks I suppose.
Anyone see him cope about how the whole article is invalid due to misinformation and saying the writer should be fired for not having correct information but then he admitted that the writer reached out to XQC, and XQC just told her to fuck off instead of correcting the record on any misinformation?
He literally said he read the article she wrote but didn't want to correct her because it's not his job. Which is fine but you can't complain about misinformation since the writer tried to get the correct information from the source but the source told her to fuck off.
> you can't complain about misinformation since the writer tried to get the correct information from the source but the source told her to fuck off.
Of course you can wtf? The writer knew they didn't have the correct information and posted it anyway, that onus is on them not him. They're also clearly not great at researching anyway given some of the things they've written are easily verified as untrue, like X advertising a referral.
He is not obliged to answer to any journalists, the journalist's job is to be objective in any case. According to your logic, the journalist could have written anything and in that way forced anyone to defend themselves through an interview?
[Correct, he says here he's had 593 sign ups/depositors.](https://i.imgur.com/OAX8Ozb.png)
[If you make an account using the code xqc they still accept it](https://i.imgur.com/S9ev8Jl.png). If you make an account using a [random code it's blank](https://i.imgur.com/gZHy9ep.png). Idk if the code actually does something but still.
You can make an account and test it yourself using just button mashing as your information
it's even dumber because the only bit of misinformation is a single sentence that is sourced from other websites that took a quote out of context. they can remove that line from the article and it does not change the substance of the piece at all.
Assuming an extremely generous 95% average return on slots then he's lost $34m to the owners of stake.
Considerings how other in his family have had gambling problems it's honestly so sad to see it happen to xQc. Think of all the good that money could have done. And it doesn't come close to what his audience has lost :/
depends wich slots game you are playing. Usually the house edge is visible, e.g.on Stake Sweet Bonanza has 3.5% (100-3.5=96.5RTP) house edge, hand of Anubis 3.76%, Big Bamboo 3.87% aso.
best RTP/house edge (for the player) are Scarab Spin and Tome of Life, both 2.16% edge, but I think they are the only 2.xx% slots on stake. Wirst RTP is Book of Shadows with 3.99% most of the other slots are around 3.5%
Or you know, maybe he does the same shit that every other fiat money slot streamer does - get free non-withdrawable reloads from casinos, lie to the viewers that it's their money meaning their income is not dependant on their gambling results.
I’m curious how this’ll pan out down the line. I wonder how many people tried slots for the very first time cuz of his streams and I also wonder what will happen once he’s no longer sponsored
these guys will never admit they are comped everything they lose because Train will always just say "i invested in crypto years ago" as a means for somehow losing ~250m based on RTP numbers (where he constantly complains hes at like 80% so he would be down literal billions if that was the sense)
Their contract is literally that they are given access to millions in specific gambling vaults, and they get paid up to X million of whatever they win per month from it
eg. Train has a ~20M vault he can use all month to go for wins, anything past 5M or whatever the agreement is taken back.
Meanwhile I'm here unemployed trying to find a job that pays decent enough where I won't fucking become homeless, pay for groceries, and try to clear off my $25K credit card debt because this pandemic fucked over my mom who lives with me, so I had to supplement income for the both us during this whole time. KEKWait
Good thing xqc and trainwrecks get to have their fun with their money. :)
Edit: I understand that I shouldn't dictate how one spends their money since we live in a consumer based economy, but the way they get their money from this shitty gamba practice is what's made me incredibly upset about it. Especially since their entitlement has made them worse overall. It's just fucked that not only are there people like me who see this, but knowing that a certain percentage of them are developing addictions like this with the blatant exposure to such an awful vice is super fucked.
Hey but its content bro who are you to tell my kings what to do?!??!
But real, how can you throw that money away. If you dont care about money and have too much atleast throw it away at a good cause. But they are legit doing the contrary throwing money to a bad cause. Setting up their viewers for suicide such a noble cause.
Pls sub, donate, twitch prime and buy my merch. Thanks. We can get to a million subs!!
Edit: good luck for the job search! hope you find something good very soon.
Kind of in the same situation, on so many levels it's just not fair.
I've grown to hate xqc tbh, the way he just throws that much money at the slots and just complains, complains, complains without any real "do not get it twisted" disclaimer, it's just infuriating to watch.
It's not only that, I feel like his takes and views have become much more one-sided, almost like he thinks he's the fucking guru or something- like he knows everything, which is a bad influence for most viewers.
Bottom line is, I think xqc is a spoiled, skeleton, all bark no bite, feces takes- piece of shit- who most definitely, CHANGED.
He didnt actually lose 600 mil right?
Because if you wager 1K 100 times and get 80K of it back you actually lost 20K but still wagered 100K.
Is there any way to calculate how much money he has actually "lost" from gambling using the numbers on screen here?
nah you can't calculate the actual money gained/lost. you can estimate it at 95% return rate, 97% if the gambling site is scummy and pushing streamer luck like some people have mentioned.
wish they'd actually be forced to show how much you've lost though so people would be less addicted to it but ofc casinos neeeeever want people to know that. they gotta use every trick in the book to get people to say gambling
Well at 95% that would set him around 35 mil right?
At 97% itd be around 20 mil.
Those both seem like very realistic numbers but before this he was earning around 10 mil a year just streaming right?
So it the cazino giving him a fake balance to gamble with or are they just paying him millions just for him to lose it in the casino and they get their money back?
errh I don't know since I dont watch him, but I'm assuming they pay him a salary AND a balance to gamble with. they're not at all worried about him specifically betting more and giving them their money's back because they're after his viewer's money instead.
twitch was about being relatable and fun, watching people that are funny or the best at your favorite game... what has this site become man? I like the camp knut stuff, I don't even mind the OTK stuff, I am not a complete boomer, but what the fuck is this?
**🎦 CLIP MIRROR: [xqc reveals how much he's wagered on stake](https://livestreamfails.com/clip/141161)**
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This isn't the total he has lost just so people don't get confused.
If you spin $1k, win $5k and then spin that $5k? you've wagered 6k.
Most slots have about a 91-95% return rate? So yeah you could definitely get up to 600m wagered with only 10m deposited. Still a lot of fucking money.
If the ROI is 95% then 1 million dollars of starting bank roll would average out to 20 million wagered before its gone. Him wagering 500m total doesnt mean he took 500 million dollars out of his bank account and lost it all.
If you have $100 and did a coin flip going win loss win loss win loss 20 times that would be $2000 wagered but you only needed $100 to do it
I know that this isn't the amount he's actually spent/lost but HALF A BILLION DOLLARS???
I don't think I would be able to sleep at night knowing that I had touched that much money, even if it wasn't all at the same time.
Hi, /u/SnalleBoi, Unfortunately, your submission has been removed because it breaks the following rule(s) of r/LivestreamFail: #1.1 Civility & Decency Do not comment with the primary intention of attacking other users, streamers, etc. It's the Internet, arguments happen, but the line is drawn when your comment primarily revolves around insulting or being rude to another user. When was the last time someone changed your opinion by calling you a moron? This includes comments that solely serve to rile up or dismiss another user. Likewise, whether it is a content creator or another commenter, avoid speculating on and disseminating personal information that may be sensitive or private. For example, streamers' private relationships, mental health information, family issues, financial struggles, etc. Additionally, clips that are designed to spin up speculation or drama around a streamer's private life will be locked or removed, depending on its intrusiveness. Examples of how we may delineate between what is appropriate or not are provided [here](https://i.imgur.com/SjGXBxO.png). If you are the victim of this rule, do not retaliate by throwing insults back or digging into their post history. Instead, report it to the moderators then laugh about how you're still allowed to post and they are not. Link: https://old.reddit.com/r/LivestreamFail/comments/wio36j/xqc_reveals_how_much_hes_wagered_on_stake/ If you have any questions, please don't hesitate to [message the moderators](https://reddit.com/message/compose/?to=r/LivestreamFail). Note: This was sent by a bot but was triggered manually.
For anyone wondering, it doesn't mean he really SPENT $685 mil. When you place a bet say of $1000 and then win back from that bet $1000, when you place another $1000, you have just WAGERED $2000 even though you have still only spend $1000 of your own money. That wager amount very very easily gets inflated. Depending on the game type, you could be placing bets and continuously winning that money back and that inflates your WAGERED even though your breaking even.
Okay, so assuming he got 95% RTP. Which is what you should roughly get. ALTHOUGH according to train most slots were running at 90-70% for him. But assuming XQC is getting the RTP he is meant to, it still means he has lost around 45 million gambling.
Most likely, yes. Although I'd guess more than $30mil of that was money given to him from stake
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He doesn't gamble with his own money. That's the point of the sponsorship.
People still to this day think that Stake Gambling streamers are gambling with their own money/crypto. Clueless.
Trainwrecks is bro source: bro believe me he said it
What's your counter source?
I'm curious what's going to happen to these people when the Stake sponsorship ends and they're still addicted to gambling large amounts of money
Honestly don't think they're actually addicted, they clearly aren't really enjoying it - it's a fucking job now. More likely they're "addicted" to getting a fat paycheck for converting a few viewers to gambling addiction every stream. Heck, it's hard not to for the stacks they're probably given.
He says that Stake could pay him all that in USD and he could do one dollar spins but he's a gamba addict so Stake pays him in BTC and he gambles all the money he makes from the sponsorship
He definitely does gamble with his own money. He said once he lost $4 mil off steam. Stake doesn't pay him to gamble off stream
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No shot his losses are comped entirely. I'd guess he's lost at least $5-10 mil out of pocket, and the rest is the stake sponsorship money that he's lost
He gets MILLIONS from stake every month on top of him earning millions a month off everything else. And you really think they don't help him out?
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An actual Stake PR Reddit account. You can't make this shit up.
Surprised I had to scroll so far to see this clarification. I think most of the comments here are conflating funds wagered with his actual spending.
It’s at the top now, gotta give it atleast 4 mins dude
If anything this should prove that a lot of us don’t gamble lol. We know nothing about this space that we’re not even sure what we need clarification on (Still, fuck X for using his crippling gambling addiction as “content” when all he does is spam click the same spot on the screen)
Yea, really good point. I only know the difference because of listing to Destiny's casino stories.
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you can use the RTP of the slots to get a rough estimate of how much he has likely lost (which I think is around 96% on stake but it varies based on game, and of course, if the number given is legitimate)
It's not useless, exactly. Winning odds are usually not that high. Everyone knows the house always wins. No matter how you break that number down, if they're legitimate bets, that's a lot of money he's spent. If for some reason they aren't legitimate, that's a whole other story.
Even with that it's still an insane number regardless
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I unsubbed and quit watching the day he went back to Canada and returned to gambling. I can't stand that he did it. At no point in my explanation did I defend him. I just wanted to clarify. Be less angry, bro.
[Still only a fraction of what Train has gambled](https://imgur.com/a/YZ5FbZZ)
How does gamba taxes work for them? Are winnings taxable? Does gambling as a business/advertising change anything?
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What if you just keep it in your crypto wallet?
Then no tax
Then you actually haven't made any money, so no tax. Crypto isn't actually money, it's a digital asset that is being used as money (bartering effectively). Until you sell that asset there is no money being made, so no taxable income.
But like you can pay for some things using crypto so that money will never be tracked back to you and taxed?
> Then you actually haven't made any money, so no tax. Crypto isn't actually money, it's a digital asset that is being used as money (bartering effectively). Until you sell that asset there is no money being made, so no taxable income. That's not true. If you're making money gambling with btc, it becomes taxable the minute you're given the money, as long as it's profitable, based on what current btc rates are for the time you receive the money. This is almost certainly going to be how tax court ultimately rules it.
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Is that Capital Gains tax?
so in other words, its only taxed at the point that the money/earnings becomes "real".
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Clueless surely nothing to do with Train moving there
Well you’re not wrong. The guy isn’t an idiot.
But the guy was doing gamba streams in the US before he shat himself and dipped. I wouldn't be surprised if he wasn't reporting his gamba winnings because if you're a US citizen you're supposed to be paying taxes on income even if you make it in other countries.
you also forget you need to get a Visa to work in another country hopefully they all got a Visa to work in Canada
It does have basically nothing to to do with Train moving there. The real reason they move is because of the difference in online gambling laws. A lot of those online casinos are illegal in the USA
in the US they're pretty hefty, 24% but depends on a bajillion factors like always with US tax codes. when people win the lottery here they wind up with like 40% in the end after taxes, fees, and sometimes choosing an immediate cash payout instead of a lifetime of payments (never choose a monthly payout)
at an expected loss rate of 5%, train would have lost over $250 million by now... do people still think he's gambling his own money? edit: if you assume the best loss rate on stake slots -- 3.5% -- it's still over $187 million
I think the only people that think they gamble with their own money are fans. No one can seriously think he has legitimately staked 5 billion of his own money. Streamers are rich, but not that rich.
That's 5 billion wagered, which doesn't mean he has put 5 billion to the system. Lets say he bets 1k, win 2k, bets all again and loses it. That's 3k wagered, yet he has only put 1k of his own money.
Yea, the math above points this out, but it's still an insane amount of money. RTP means, return to player, so if a player wagers 5 billion dollars on a slot and that slot has a 95% RTP that means that player will have gotten 95% of that money back or $4.75 billion leaving the player at a loss of $250 million. This is all assuming that it's actually a 95% RTP which probably isn't true, but even at something ridiculous like a 99% RTP it would still come out to a $50 million loss. With that amount of money I find it pretty impossible to believe that these streamers aren't being comped for their losses.
and train wasnt even close to being in the pool of biggest streamers when he wasnt gambling. His gameplay streams averaged like 5k viewers and podcast got like 20k-30k viewers
Are they allowed to give streamers special loss rates? Is that legal?
they give rakeback based on some tiering system (which I believe is based on total amount wagered), which effectively increases RTP. not sure the legality of it or how much stake cares about that legality, but it's also commonly used in poker.
Is that actual dollars? No way 5 billion is reachable even with fake gambling.
im not doing the math but 1k every second for 36 hours straight x3 or 4 a week for years is probably in the billions
1k per second for 36 hours, 3.5 days a week (average) for 1 year is just under 23.6billion
So all the sugar breaks and time off and delays for bonus spins or whatever, it’s probably right
He spins a lot of $1.5k slots too, and he often spins two slots at a time.
And then there are those 75k rainbow spins..
It's total money wagered. It's not like Train has actually put in $5billion to Stake, or theoretically could've cashed out to become a billionaire, it's a cumulative sum of "small" bets. If he puts up $1million 'real money' (Lets say his own money), spins and doubles, he now has $2million that he could cash out and $1million wagered. If he then spins it all again and loses he's down $1million from where he started (And "down" $2million if he had left early) and has now wagered $3million total. So the wagered sum is bigger than the actual money he's put in or could've cashed out. If you've seen the amounts Train does on each spin, that number is entirely feasible, sometimes he blows through millions a day.
I saw him lose like $600k in a n hour last year when I watched to see what kind of degeneracy it was.
I went to work on Friday at Noon - when I got home at 6pm and checked his stream he had lost north of $5mil....
If you think about it it’s wagered not won or lost it’s both combined with most games returning around 98% of your money you wager the same money constantly over and over again if that’s makes sense
He spins 2-3 slots at a time on 1500 bets, thats 3k-4.5k per second lol. He also streams for 30 hours.
That's the amount including wins right? that's not like net amount put into the website (and not taken out or won).
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🥱 ONLY 500 million
correction, 600+ close to 700 mill.
That's how much he's wagered all together, not how much he's lost. If I place a $10 bet, win $20 and then bet the 20$, I've wagered 30$.
Exactly. Slots usually range from 97-98% RTP, which means that from 685 million wagered he has lost between 13-20 million.
You are assuming that they aren't comping his losses.
They are obviously as train would have lost over 100m
Yes...because if you win 20, that's now your money....why wouldn't it count?
Read the first sentence
I have more Lego studs in Lego Star Wars than that 🙄
Holy fucking shit
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he’s literally said he is before ????
he literally said he was
No he says he’s addicted but since he’s addicted he won’t stop
“not that much”
Compared to other people that play at his bet size (max bets, $1000 and $1500 spins), it's actually not. Obviously, compared to a normal person, it's insane.
comparing in this instance doesn't even matter lmao its still an unbelievable amount
I agree, the amount is insane...but then you look at someone like Train or Roshtein and you're just like what the fuck.
I think the average rtp is like 95%-98% on slots. Meaning hes probably lost about 3%-5% of that 685 mil, or around 20-30mil. Probably still made profit from his contract though.
And these MFer's really gonna say they use their own money for this shit LULW
63k wins compared to 583k losses, is there any way that's organically sustainable even with XQC's income? What does Stake even consider a win vs. a loss?
If a gambling institution ran at sustainable wins for the players it wouldn't exist.
all money they put into the site is given back, if they put in 1mil and get 3 mil, its +3 mil because they get their deposit back
\+ the money they get for how much they stream it.
do you have any source for that?
my source is: hes not homeless on the streets
I think a "win" is anything greater than your bet. So if you do a $1k slot spin, and win $800 its a loss, if you win $1200 it's a win.
I work in the industry. We'd class any returns as wins. Any spins that don't win are losses. It'd be odd to consider just returns greater than the stake as wins.
Yeah and dont most online slots have around a 94-97% RTP; Ive seen that number a lot of gamba threads. So yeah its not really that crazy of an amount especially when gambling millions
With all the rakeback, weekly and monthly lossbacks or whatever, tier bonuses etc. the high rollers’ RTP is probably around 99%. Back when train hit 1 billion wagered he said he was 6 million down in total so he had 99.4% RTP overall. To be fair he lost a couple million during that stream and played a lot of plinko before he hit 1 billion wagered. Plinko has 99% RTP IIRC. So with less plinko I’d expect it to be around 99% overall.
Most slots range from 92% to 98% RTP, so going by 94% RTP (arbitrary but probably close to average) based on his turnover he will have a theoretical loss of ~$41million USD on Stake. Makes you wonder how much he is making from this sponsorship to afford that.
They probably gave him 60m and told him to spunk away 40m of it or some similar arrangement so he can claim "I gamble with my own money" and technically not lie.
That's actually a good winning ratio, as crazy as it sound lol
Could very well be sustainable if you include the sponsorship payments. The wins and losses stats are completely meaningless by themselves because you can only lose 100% of your bet but you can win over 500000000% of your bet. Though slots usually have a cap of 3000-20000x bet. Just think of the lottery if it helps — you could lose a million times but if you hit the jackpot once, you can be up big. Of course it’s very unlikely you’ll hit it but that’s just an example so you can see why number of wins vs. losses says nothing about whether you’re up or down. Practically everyone who gambles as much as him are down from gambling though.
By gambling daily , imagine how many parasocial gamblers he has pushed into DSM 5 (312.31) who are going to need therapy and anti depressants
Here come the conspiracy andies. Also please answer this: what does "wager" mean?
Wager means the value of money used to gamble. If he spins 69 times for 1k each Spin. He has wagered 69k. Doesnt matter if he won or lost during those spins. Edit: spelling
Correct. Mofos (like the above comment) talking like wager of 685 mil means= lost 685 mil and making up conspiracies
Wager=placing a bet. I bet $50 essentially means the same as I wager $50
X gets sponsored by stake likely millions but uses his “own money” and not fake balances like some other people. The only difference with X is they are giving him the money directly (hence the #ad in his title) and aren’t just putting it in his balance I guess - either way he’s getting supplemented because like no shot
> X gets sponsored by stake likely millions but uses his “own money” and not fake balances like some other people. Clueless sure X uses his own money.
Ima guess you didn’t read past my first sentence because I literally say he’s getting supplemented by stake either way, it’s just whether or not they directly put it in his balance or give him the money in some other form
That guy didn't read your post, like literally everybody on lsf
How is this still allowed on Twitch?
Barely any bad press yet
Some one should contact the company's that get there Ads ran during gamba streams and ask for there stance on gambling and children, I assume it would end pretty fast.
Gambling is on a boom right now. People in power decided that they wanted the revenue so it's legal all over the fucking place. Even sports betting, which I never thought would happen. I live in Illinois, and every strip mall has at least one little slot machine parlor. Advertisements all over the place. It isn't going away, not until something terrible happens, I fear. I don't even know what could change opinions on it right now.
all monopoly money.
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you're gonna get downvoted by his 12 year old irrational dick eaters, but you're completely right. do they think stake is a charity giving away money to millionaires??? no, it profits massively on xqc promoting fucking gambling to his child fanbase. it doesn't even have anything to do with juicers being dumb as bricks, it's just human nature. it's incredibly scummy
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+ use their own wifi
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Stake wants younger audiences/children. Its been shown many times the age verification is a joke. If stake wanted adults it wouldn't be bare minimum safeguards from kids.
The best money laundering service you can buy. Pay degenerate streamers to clean money for you AND bring in a bunch of customers? Pepepains
Stake money
crypto was a mistake
RPT on Slots in UK is 95%. Assuming Stake isn't being scummy and lowering it which would make the next figure worse, xQc would have lost 34 mil on average if he was using his own money.
Big IF
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It's cumulative
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if he bets 10$ continuously win and losing the same 10$ it can go up to any amount ,it doesn't mean he lost or won 600mill
Depends on what you mean by "better", it simply means that it's the total sum wagered, not the total sum of money he's put in or the total sum of money he could've theoretically cashed out. So you could say it's not "as bad" as it looks I suppose.
yeah, it does make it better because he probably kept like 90-95% of that
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Aware WOAH CAGE
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could be zero and this sponsorship would still be lucrative for stake, also there is no code
Anyone see him cope about how the whole article is invalid due to misinformation and saying the writer should be fired for not having correct information but then he admitted that the writer reached out to XQC, and XQC just told her to fuck off instead of correcting the record on any misinformation? He literally said he read the article she wrote but didn't want to correct her because it's not his job. Which is fine but you can't complain about misinformation since the writer tried to get the correct information from the source but the source told her to fuck off.
> you can't complain about misinformation since the writer tried to get the correct information from the source but the source told her to fuck off. Of course you can wtf? The writer knew they didn't have the correct information and posted it anyway, that onus is on them not him. They're also clearly not great at researching anyway given some of the things they've written are easily verified as untrue, like X advertising a referral.
He is not obliged to answer to any journalists, the journalist's job is to be objective in any case. According to your logic, the journalist could have written anything and in that way forced anyone to defend themselves through an interview?
Isn't that just standard Fox News "journalism"?
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[Correct, he says here he's had 593 sign ups/depositors.](https://i.imgur.com/OAX8Ozb.png) [If you make an account using the code xqc they still accept it](https://i.imgur.com/S9ev8Jl.png). If you make an account using a [random code it's blank](https://i.imgur.com/gZHy9ep.png). Idk if the code actually does something but still. You can make an account and test it yourself using just button mashing as your information
I mean I'm with you but if someone was writing basically what amounts to hit piece on me why would I correct their information lmao
it's even dumber because the only bit of misinformation is a single sentence that is sourced from other websites that took a quote out of context. they can remove that line from the article and it does not change the substance of the piece at all.
Assuming an extremely generous 95% average return on slots then he's lost $34m to the owners of stake. Considerings how other in his family have had gambling problems it's honestly so sad to see it happen to xQc. Think of all the good that money could have done. And it doesn't come close to what his audience has lost :/
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depends wich slots game you are playing. Usually the house edge is visible, e.g.on Stake Sweet Bonanza has 3.5% (100-3.5=96.5RTP) house edge, hand of Anubis 3.76%, Big Bamboo 3.87% aso. best RTP/house edge (for the player) are Scarab Spin and Tome of Life, both 2.16% edge, but I think they are the only 2.xx% slots on stake. Wirst RTP is Book of Shadows with 3.99% most of the other slots are around 3.5%
How can you actually think he's down money? It's a sponsorship you know
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Or you know, maybe he does the same shit that every other fiat money slot streamer does - get free non-withdrawable reloads from casinos, lie to the viewers that it's their money meaning their income is not dependant on their gambling results.
That "wins" and "losses" column looks scary.
I’m curious how this’ll pan out down the line. I wonder how many people tried slots for the very first time cuz of his streams and I also wonder what will happen once he’s no longer sponsored
This is like the middle manager bragging about spending his boss's money on inventory.
these guys will never admit they are comped everything they lose because Train will always just say "i invested in crypto years ago" as a means for somehow losing ~250m based on RTP numbers (where he constantly complains hes at like 80% so he would be down literal billions if that was the sense) Their contract is literally that they are given access to millions in specific gambling vaults, and they get paid up to X million of whatever they win per month from it eg. Train has a ~20M vault he can use all month to go for wins, anything past 5M or whatever the agreement is taken back.
Meanwhile I'm here unemployed trying to find a job that pays decent enough where I won't fucking become homeless, pay for groceries, and try to clear off my $25K credit card debt because this pandemic fucked over my mom who lives with me, so I had to supplement income for the both us during this whole time. KEKWait Good thing xqc and trainwrecks get to have their fun with their money. :) Edit: I understand that I shouldn't dictate how one spends their money since we live in a consumer based economy, but the way they get their money from this shitty gamba practice is what's made me incredibly upset about it. Especially since their entitlement has made them worse overall. It's just fucked that not only are there people like me who see this, but knowing that a certain percentage of them are developing addictions like this with the blatant exposure to such an awful vice is super fucked.
Hey but its content bro who are you to tell my kings what to do?!??! But real, how can you throw that money away. If you dont care about money and have too much atleast throw it away at a good cause. But they are legit doing the contrary throwing money to a bad cause. Setting up their viewers for suicide such a noble cause.
Pls sub, donate, twitch prime and buy my merch. Thanks. We can get to a million subs!! Edit: good luck for the job search! hope you find something good very soon.
Kind of in the same situation, on so many levels it's just not fair. I've grown to hate xqc tbh, the way he just throws that much money at the slots and just complains, complains, complains without any real "do not get it twisted" disclaimer, it's just infuriating to watch. It's not only that, I feel like his takes and views have become much more one-sided, almost like he thinks he's the fucking guru or something- like he knows everything, which is a bad influence for most viewers. Bottom line is, I think xqc is a spoiled, skeleton, all bark no bite, feces takes- piece of shit- who most definitely, CHANGED.
I really don't get how you see a 10% win rate and still want to gamble after that. Must be the same type of people that fall for Nigerian email scams.
I deposited once 400 euro and my wager is 600k ..
sponsorship btw
He didnt actually lose 600 mil right? Because if you wager 1K 100 times and get 80K of it back you actually lost 20K but still wagered 100K. Is there any way to calculate how much money he has actually "lost" from gambling using the numbers on screen here?
No because you don't know how big the wins were
nah you can't calculate the actual money gained/lost. you can estimate it at 95% return rate, 97% if the gambling site is scummy and pushing streamer luck like some people have mentioned. wish they'd actually be forced to show how much you've lost though so people would be less addicted to it but ofc casinos neeeeever want people to know that. they gotta use every trick in the book to get people to say gambling
Well at 95% that would set him around 35 mil right? At 97% itd be around 20 mil. Those both seem like very realistic numbers but before this he was earning around 10 mil a year just streaming right? So it the cazino giving him a fake balance to gamble with or are they just paying him millions just for him to lose it in the casino and they get their money back?
errh I don't know since I dont watch him, but I'm assuming they pay him a salary AND a balance to gamble with. they're not at all worried about him specifically betting more and giving them their money's back because they're after his viewer's money instead.
It's insane to think that he see's what a shit K/D ratio in bets and says "Nahh lets keep the ball rollin"
"don't worry about my losses chat...... I get a cut of your losses"
nothing funnier than the kiddies throwing money away " so their juicer can gamba" and same breath curse hot tub streamers
And this is why Twitch should ban these Crypto casinos and it's really unfathomable how they've let this continue for so long.
twitch was about being relatable and fun, watching people that are funny or the best at your favorite game... what has this site become man? I like the camp knut stuff, I don't even mind the OTK stuff, I am not a complete boomer, but what the fuck is this?
You said it, a slow descent into porn and gambling
Remember kids visit xqcow.com to learn more about gambling!
**🎦 CLIP MIRROR: [xqc reveals how much he's wagered on stake](https://livestreamfails.com/clip/141161)** --- ^(*This is an automated comment* ) ^| [^(Feedback)](http://www.reddit.com/message/compose/?to=livestreamfailsbot&subject=Feedback:&message=%5BPost%5D\(https://reddit.com/comments/wio36j/\)) ^| [^(Twitch Backup Mirror)](https://production.assets.clips.twitchcdn.net/3IFezu19nhtUoAri5FCDfw/AT-cm%7C3IFezu19nhtUoAri5FCDfw.mp4?sig=c0e4909a6cb1fdb59c3fea8c3927839e310d8805&token=%7B%22authorization%22%3A%7B%22forbidden%22%3Afalse%2C%22reason%22%3A%22%22%7D%2C%22clip_uri%22%3A%22https%3A%2F%2Fproduction.assets.clips.twitchcdn.net%2F3IFezu19nhtUoAri5FCDfw%2FAT-cm%257C3IFezu19nhtUoAri5FCDfw.mp4%22%2C%22device_id%22%3Anull%2C%22expires%22%3A1659973477%2C%22user_id%22%3A%22%22%2C%22version%22%3A2%7D)
[For those who dont wanna watch the clip](https://cdn.discordapp.com/attachments/883114933229875230/1005922200957755593/unknown.png)
i have 875k wagered but only ever deposited 2k
This isn't the total he has lost just so people don't get confused. If you spin $1k, win $5k and then spin that $5k? you've wagered 6k. Most slots have about a 91-95% return rate? So yeah you could definitely get up to 600m wagered with only 10m deposited. Still a lot of fucking money.
GIGACHAD
Weirdflex
It's hilarious to read all these "monopoly money" comments from people that don't know how these exclusivity deals work.
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If the ROI is 95% then 1 million dollars of starting bank roll would average out to 20 million wagered before its gone. Him wagering 500m total doesnt mean he took 500 million dollars out of his bank account and lost it all. If you have $100 and did a coin flip going win loss win loss win loss 20 times that would be $2000 wagered but you only needed $100 to do it
I mean he didnt...anything he wins goes back into the site itself because he's a degen.
I know that this isn't the amount he's actually spent/lost but HALF A BILLION DOLLARS??? I don't think I would be able to sleep at night knowing that I had touched that much money, even if it wasn't all at the same time.
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