At the end of the day aren't we all here to gamble? Some of us do go for the competition while the others are here just to have fun and do not care about any competition but what we all do in return is to gamble. If we are gambling and do end up getting something for the competition then someone who doesn't even care about it will share it because why not, it is free money.
Gamble responsibly, with redeem code, with competition or with your own capital just for fun and entertainment. Do it responsibly.
Competition is to make you have higher mood when you are gambling. To win competition, you must have experience, how to join it, how to gamble wisely and obviously luck.
However I prefer not to gamble for competition, I prefer to gamble for fun and if I am doing it properly then I am going to have fun. I rather have some competition prize in the end but if I am going to lose more than I care to admit just because I wanted to participate then I am not going to risk all the money I am putting in there, hoping that I would be winning even more than I am, and end up with literally losing more than I already am. This is why it doesn't make sense too much to compete if you do not want to.
It depends on competition. Some have no risk but some have risks. Like wager contest, you need to have good capital and experience to make bet safely. When you are gambling, for for or for prize of competition, consider how to do it safely first. Prize will be cool if you are winner but at least you must be safe and your capital must be safe.
If you can not control risk and are not afford to lose, don't join competition.