Pfft, I guess he doesn't know how hard to participate in a wager event at stake.
I give you guys some testimony from me, I win 10$ from 90 Minutes Race and got 10th place with wagering more than 30,000 USD. In this contest we have 1,000,000$ Prize with up to 5000 winners but the problem is 30 days race. I believe in 24 hours for at least 10$ you need to wagering maybe 300-1000$ but just multiply by 30 days so you know the estimation for that ~XD
I know how hard it is in these days! I couldn't get position in top 100 of daily race with $32k wager. It was in previous week. Moreover, two months ago I got 79th position in the daily race with $100k wager. Players activity has increased a lot now. So imagine how competitive it would be while stake running a wagering competition with 1 million dollar prize pool for 30 days. There will be so many individual high roller every day, and they will wager huge. But we might receive small prize from this contest with $20k-50k wager, because there will be 5000 winners.
No other suggestion except "just play for the fun of the games you like to play".
Do not wager just because you want to win a small prize from the Race as it can be something not worth the risk.
Unless you are having huge amount of money to start and you can afford to risk it, it is better to play and (hopefully) win from the games instead of win from the race.
I'm currently at 2600th+ position with 5k+ wagered
https://prnt.sc/1133ens and I know that I may win nothing by the end of the events if I stop wagering but I will not force myself to wager more because of the race.