Spaser nanoparticles, with ultranarrow spectral line width, small size and good biocompatibility, offer a bright prospect as potential biological probes. Sadly, over 10 years since the first demonstration, how the structure components determine their optical performance has not been clarified. Here the effects of gain layer thickness and dye emitter density on the lasing behavior and photostability of spaser nanoparticles are theoretically and experimentally addressed. Results show that for a 16 nm gold-core cavity, gain layer of 10−15 nm is adequate to maximize the spaser emission. For this type of nanoparticle− spaser system, the minimal number of dye emitters per particle, referred to as "dye threshold", is also vital to spasing action besides the "pump threshold" of laser power. Moreover, dye emitter distribution within the gain layer could be another approach to further improve spaser performance. These contributions give us an opportunity to profoundly understand the physical essence of spaser nanoparticles and to optimize their performance for further biology application.