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Bloomberg's Businessweek analyzed some 25 Stake.com streamers and claims to have found major discrepancies when compared to more high profile brand ambassadors such as recording artist Drake and content creator Adin Ross.
The findings, according to Foresight News, is that Drake and Ross achieved a much higher frequency of winning large jackpots, those exceeding 1,000 times the bet amount. Some 500 hours of slot machine gameplay was observed.
The evaluation of 25 streamers showed that they hit a jackpot approximately once every 10,000 spins, compared to Drake and Ross hitting jackpots at a rate more than four times higher, approximately once every 2,500 spins.
Another revelation, these high payouts often occurred when Stake co-founder Ed Craven was present in the live stream or provided advice. However, when the two played slot games provided by third parties,their win rates returned to average levels.
Videos of influencers hitting it big on Stake.com are all over the internet. But at least some of those wins are statistically unlikely, a Bloomberg analysis showed.
For its part, Stake.com has refuted the findings. They state the investigation methods are "categorically incorrect" and arguing that the jackpot metrics are arbitrary and overlook the mathematical mechanisms of different games.
The company is currently facing nearly a dozen class action lawsuits in the United States filed by gamblers, the vast majority of which claim Stake misrepresents itself as a legal “sweepstakes” platform while actually enabling real-money gambling through its dual-currency model.
- Chris Costigan, Gambling911.com Publisher
