Most of the time, yes, but it doesn't mean I don't like to take part in various tournaments. I've been in some competition or tournament before outside crypto.
My own criteria would be; if I like the tournament, I have knowledge about the tournament, I know I can win, etc.
If you build such confidence then the chance in winning is high, not to waste your time. But taking things seriously and consuming your knowledge in picking your events.
Personally, I'm just a play and go type of gamblers, not really into this competition events where you have the chance to compete with co-gamblers.
I just place my bet whenever I have spare or if I really love the team.