In one casino (with some sports promotion) we bet $10, in some other casino we bet $10 on the opposite result... did I get it wrong? We lose 50 cents per bet, but we get points for promotion. So basically we risk $20, but we can win promotional prizes. Did I get it right?
Yes, you got it right.
Even though you highlighted that "hedging" is prohibited, why would we do this? Don't you think that we are risking getting caught and banned from both casinos? I am not sure if that is even possible, but sports providers probably have their own ways of catching abusers. In my opinion, this is a gray area...
I tend to disagree - BC.game would only get more people interested in their site from the promo, did you know that Stake.us is paying $1 a day for Americans to play in their site? $1 a day, $365 for each player, potentially per year.
There is a growing competition, so encouraging new users who see this for instance, to want to get to VIP14 is already a bonus for BC.game
So no, I think this is not a gray area, on the contrary ... and yes, betting $10 with BC.game and $10 with Stake/Roobet/whoever - this is not hedging as you're not using the same site, and odds can always change and fluctuate (in this game there were tons of swings before the game even started).
So all in all it's a good thing for the player but also a good thing for the house, IMO.
The same picture as your avatar here is used by the owner of the video. Is it your own video actually? May I ask you why you chose to make a video instead of just explaining it in a post here? It would have been simpler and clearer for BTT users IMO.
Are there wagering requirements or any another condition to withdraw the rewards won? What does mean VIP14 ? People needs to reach this rank in order to participate to this tournament?
BTW when you hedge $100 on two outcomes @1.95, you are not "risking" $5. You are spending them.
$100 x 0.95 - $100 = $95 - $100 = - $5