The Stake Tax - Why is it such a big deal?

This thread is to discuss the stake tax - not the fact you have to sell items to stake cash.

In my opinion, considering a 100M stake at 1% tax, if you bet 100M you make 99M which is still
a 99% profit, rather than 100%. To me, personally, it is not a big deal at all and I would say that
they should have made the tax even larger. There is no gold sinks in the game that are very big,
and this is by far the biggest one that there has ever been. At the same time, to take 100B and stake
that amount enough to lose the 100B to tax would take forever. I think it's a good way to get rid of
some gold in the game for the RS economy. Most people use the Duel Arena to stake and sell gold,
so it also helps with the gold prices to hold a little more value - or stay steady.

I'm having a very hard time finding a real negative thing about this. All I have heard is people crying
"I could have gotten 100% but I can only get 99-97.5% profit"

 

Nawh,
1% Tax is good enough, I don't even stake.
1% Tax per stake 100-200 stakes per min in the entire arena with unknown amounts.
I do agree that more money sinks need to be added but adding more than 1% will just scare off the stakers and lead them going to a 3rd party site.
The guy that did 100b stake lost 1b from tax, Now if that was me I would be like damn I just lost hundreds of dollars to something that was free to do a few months ago


- Just my op

 

If you stake , and you win , you still profit 99%.

If you lose a 100B stake, you lose your 100B not 101B.

With that logic, it wouldn't have mattered. He would have lost that full 100B either way. 1B just dissapeared when the opponent won the 100B.

 

Yes but at that point you are just playing what ifs,
He did win and he lost 1b. You need to realize the amount of gold that gets taxed every single min from the arena. Trills will leave the game yearly from the arena.

 

It is a big deal as now, odds are against you.
Yes, if you do a one time chuck, its not a big deal. But if you stake, say, a modest 10 times in a day, suddenly you are losing much more than just 1% of what you coulda banked pre-update.

 

Ok, if you won 5 100M and lost 5 100M, I see how that would result in you losing 5M more than you should have in the end of things. That doesn't mean the odds of winning/losing change, it's all RNG. The fact is, if you're a staker who usually profits, you're still going to profit. If you stake and you don't profit, you really won't profit.

 

Odds of profiting or losing are now against you. That's what matters.

What lol

 

How are the odds against you? It's not exactly 50/50, and what I mean is if you're someone who stakes and usually profits, you're not going to be "losing" money you're just not going to be making as much on your stakes.

If you're losing, you be losing the exact same amount that you would normally lose and your opponent will win less now.

For the tax to make you lose more money, you would have to do an even number of stakes, for the exact same amount of money each time, win half and lose half. That's the only time you will be losing more money than you normally would?

I don't get it

 

Yes the probability of losing and winning is still 50/50. That's precisely why you will now end up losing money in the long run, (odds against you).

Let me put it this way, say you do 1000 stakes. You will probably win 500 and lose 500. Now, you take your entire volume of your stakes, (if you averaged 50m a stake, 50m*1000 = 50B) you will by default lose 1% of that through the implemented tax. 1% of 50B is 500m. You are now down 500m compared to where you would be before this update.
You get taxed 1% on the whole pot btw, so its basically 2% of your won stakes' volume taxed.

This is why its a big deal for stakers.

 

Think of it this way:

For short term stakers - The tax system is nothing
For long term stakers - The tax system gg's them

 

I thought stakers wanted to profit and would win big stakes and then play rng and try to win more big stakes. Isn't the whole point
of staking to profit and not to average out?

 

I was alluding to averages, so yeah maybe a lot of those stakes were 10m then a couple big 500m-1b’s. Doesn’t really make a difference, still same volume staked.

 

The tax is not the big deal, Jagex forcing the amount you stake with your opponent to be equal is what vastly decreased the viability/volume of stakes with good odds.

 

That makese sense, I didn't know that.

So they completely removed 'odd stakers' or whatever - the ones who make you 1.2 or 1.3x right?

That combined with the taxes I could see it being a bit more of a hit.

 

I agree with it and i think it'll help out the econ on RS and the gold prices here. Double positive

 

Yeah, but you’re basically coming up with that based on someone betting the SAME amount every single stake

 

Odds do not only apply to chances of winning, they apply to multiplier. If I told you I'll flip a coin heads you win, tails i win. But if you win, it's 1.5x payout, if lose, i keep your bet.

If you seriously think that 1% lose isn't losing out on odds in the long run then hit me up to dice, 1-60 you win 61-100 i win, 1.1x multiplier