Wagering More or Wagering Less - page 6.

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

There are many sites conducting wagering competition and the gambling sites are getting their desired results as there are people willing to place a bet and showcase their competitive spirit, i have seen some trying their luck to win the competition by wagging huge amounts at very low odds just to be on the top of the list and i have seen at certain times the competition level is low and that is when you can get on the winners list at least in the bottom but majority of the time the competition is high. I have tried Wolf bet daily races, it is fun as long as you are not loosing much Grin

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Ucy

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I guess it depends on the bettors skills.
If they has the required skill for high wager and have higher chances of winning the bets, why not. This is probably not good in luck-based bettings *unless* the chances of winning high wager is truely high. This opinion is based on my little understanding of how this works.

Reid

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

On certain rules.

Try Yolodice and see for yourself about the wagering competitions.
You could just click my signature and it will direct you to it.
Good prizes are in there. I tried, but there are competitors out there who can do it 24/7 which takes them to the higher ranks.

I just got one computer working but if I can get my hand into one more after this pandemic then I might try taking that higher ranks someday. Grin

You could go small and still make it on top, plus they are also accepting altcoins which you might prefer.

MFahad

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Quote from: Pffrt on May 05, 2020, 08:50:41 AM

Wagering more doesn't mean you are in profit always. But almost all the reputed gambling sites have wagering rewards. The more you wager, the more rewards you get. In stake, more wagering guys get a lot of free coins each day, week, monthly bonus. For getting VIP rank, wagering is another of your requirement.

The thing to note is why gambling casino give free coins or prizes for more wagering ? This means that if people will wager more, they will lose more and therefore the gambling casino will be in more profits.

maxreish

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We can basically do it together. Wagering while gaining profits. But it's hard. And yeah i saw one guy on one gambling site who wagered too much. Like 17,000 btc and i can't imagine how much is his prize for that top 1 in race.
I've tried to wager too, to get some bonuses but most of the time I am more into profits that is why whenever it went reds, all I want is to recover that red and forgot that I am wagering. Grin

If the prize for wager is worth it, why not focus on it and go for the profits afterwards?

ralle14

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Quote from: BITCOIN4X on May 05, 2020, 01:19:34 PM

Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

The betting competition I think will only help the site to get greater profits because most participants dont realize how much money they spend just to be the winner of the competition and maybe the results are not comparable to what we have spent. Unless the winner will get Lambo. Cheesy

I disagree that gamblers aren't aware on the money they've spent on wagering competitions. You don't always compete against highrollers it still depends on the popularity of the casino and how much budget they have for the prizepool.

Quote from: serjent05 on May 05, 2020, 10:00:38 PM

Wagering using martingale is far more risky than wagering with lowest odds. I have tried this kind(martingale) of approach so many times that I always end up getting busted much earlier than any other method. If someone wants to compete in the wagering contest, I can say using the lowest odds is one of the popular things to go. It will let you last longer and will give you a wagering amount almost 100x your bankroll.

You need a lot of time with a conservative strategy like that because you're only betting more or less 0.1% of your balance per roll and some sites have reduced their speed on smaller bets.

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Quote from: abel1337 on May 05, 2020, 09:03:36 AM

Quote from: janggernaut on May 05, 2020, 08:43:55 AM

Not always, especially when you are wagering in long run, even though you gamble on lowest odds (highest winning chance) you could losing more than you earn (prize/reward) due to House edge.

I don't know how those people were lucky enough to win in wagering contest, since i'm too afraid to bet in long run/bet big amount even on highest winning chance.

Players are using different kinds of strategies to win a wagering contest. One of the most common ways is the technique you mention which is gambling on the lowest odd to maximized the possibilities of the capital. There are players who also use martingale strategy on a wagering contest, I've once read it on a different website that someone uses martingale to climb into the leaderboards of the tournament.

Wagering using martingale is far more risky than wagering with lowest odds. I have tried this kind(martingale) of approach so many times that I always end up getting busted much earlier than any other method. If someone wants to compete in the wagering contest, I can say using the lowest odds is one of the popular things to go. It will let you last longer and will give you a wagering amount almost 100x your bankroll.

Quote from: abel1337 on May 05, 2020, 09:03:36 AM

Every one of us has a chance to win a wagering contest as long as we have the capital and the guts to make bets on the gambling site. I also believed that wagering more doesn't mean you can win more. It's about the way you wager your capital.

Well at least if we wager more we can have more chances of winnings, but if we wager a bigger amount, that does not guarantee us getting more chance but rather a bigger reward.

Fundamentals Of

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

It is also a general perception that the more you gamble the more you lose. So which is which?

Of course the gambling sites will encourage you to gamble always. That wagering competitions are actually a lure for gamblers to continue with what they are doing. The reason is simply that the gambling site will earn more if they do that.

Your chances of winning will increase along with your chances of losing. So as far as the gambler is concerned, wagering more is no reason for them to get inspired to win.

MCobian

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Very risky doing wagering more, not necessarily with more wagering can make a lot of money. The reality is according to the investigation
what I do with wagering more makes the opportunity for greater losses, so be careful when gambling with wagering more. So it is not
surprising that many gambling sites offer wagering competition, because they know the opportunity to make profits with wagering more
is very small.

Genemind

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In a wagering contest, of course, those who have higher capital has an edge over those who have lesser capital. However, this still falls on how often you win. I had experienced winning a wagering contest before with just less than 10$ capital, I kept playing all day and ended up winning 2nd prize because I lost all my winnings mid-way due to greed. More you wage doesn't mean you will have more winnings, luck still is the determining factor.

stomachgrowls

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Quote from: DarkDays on May 05, 2020, 12:32:23 PM

If you are a huge whale, then these wagering competitions can be a way to effectively reduce the house edge.

You are almost always still up against the odds, and will probably not come out on top, but they're certainly better than nothing.

On the other hand, if you're not a large gambler, the odds of you winning these races and competitions on most popular sites is minimal. Unless they give out prizes simply for participation, you'll probably end up losing more than you win.

Remember, all games are designed to benefit the house, for some to win, others must lose more.

Right!

Whales would really have that advantage in all sorts but for small time gamblers then wagering contest shouldnt really be prioritize on and as said you would surely loss money than earning even you do hit the spot
Wagering contest are made for house advantage as always but theres always a tendency that any player will able to generate profit while betting and at the same time on joining that contest.
It always matter on how lucky you are though in talks of profitability neither you are wagering or not.

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Quote from: shoreno on May 05, 2020, 06:14:16 PM

Quote from: LbtalkL on May 05, 2020, 01:49:38 PM

Technically yes, the more you wager the more possibly the profit if you are lucky enough. But the risk on losing is always there, If I am capable and I have a lot of money to waste why not? but if the money I own is just for important things, I will never do such things it is too risky. I prefer wagering less and I am not prepared to lose a lot of money. Anyways we have our own perspective about it but this is my opinion.

you wont loose if your lucky , you just said it earlier . if you have a lot of money why you will burn it in this way when you can burn it on more useful ways like donating to poor or something . you also said your not into this so there is a high chance that you will not be doing this even if you have alot of money but you are not alone because me myself wont do such things like this . when i play gambling i dont look at my waggers . looking at your waggers will only make you obsesed with it

Total wager wont really matter that much if you are just really playing for the sake of fun and didnt intend to participate into any promotions or contest.

When it comes to profits then wagering more or wagering less doesnt matter and as said if you are lucky enough then you would really have that significant win

that will be more on house edge deduction and your total or overall loss but if you are concern only on wagering and the contest then it wont really be that worthy most of the time.

Rengga Jati

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In gambling, there are at least 3 elements to be required. They are a prize, risk or chance, and also the amount of wagering. In my opinion, how we can choose wagering more and less will depend on the two other elements, risk (chance) and also the prize. Of course, first, we must also know ourselves whether we are newbies or notion that gambling. For newbies, it will be better to wager less first to know the ways of that gambling or betting work.

Quote from: janggernaut on May 05, 2020, 08:43:55 AM

I don't know how those people were lucky enough to win in wagering contest, since i'm too afraid to bet in long run/bet big amount even on highest winning chance.

Doesn't it mean in betting, luck is also one of the factors that probably make us win? Cheesy

But of course, strategy and consideration to see the moment and chance are the most important.

Theoretically, wagering more may make bigger chance to earn more. But for me personally, I will think of the three elements I stated above. However, at least, it fits to the wagering requirement

shoreno

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Quote from: LbtalkL on May 05, 2020, 01:49:38 PM

Technically yes, the more you wager the more possibly the profit if you are lucky enough. But the risk on losing is always there, If I am capable and I have a lot of money to waste why not? but if the money I own is just for important things, I will never do such things it is too risky. I prefer wagering less and I am not prepared to lose a lot of money. Anyways we have our own perspective about it but this is my opinion.

you wont loose if your lucky , you just said it earlier . if you have a lot of money why you will burn it in this way when you can burn it on more useful ways like donating to poor or something . you also said your not into this so there is a high chance that you will not be doing this even if you have alot of money but you are not alone because me myself wont do such things like this . when i play gambling i dont look at my waggers . looking at your waggers will only make you obsesed with it

harizen

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

It doesn't matter whether a gambler wagered more or less. Gamblers are dealing with the house all the time.

About the wager competition, that's part of requirement so it really needs to be done if a gambler wants to compete but it doesn't mean getting a more profit in the end or increase the chances to make it happen. After all, that was a competition.

That general perception is a misleading perception.

Oilacris

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

Thats no the case because House edge will f*cked you up bigtime in the long run.Just to look into that image posted by other members where you can see the entire amount wagered
but the prizes are way too small.Tend to make some calculations on how much you have lost for all of that bet minus the house edge? with 3k+ btc that said prize is too small or wont
compensate on what you have lost on the entire wager thing and come to think that gambling sites would launched up such event because they do know that they are on the advantage.(as always).

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

Of course it's not! Wink

The more you bet, the more likely it is to make a mistake and lose!
Betting contests are marketing to attract new customers...
As for me - I usually make a bit of bets (often just one), but carefully analyze them!

LbtalkL

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Technically yes, the more you wager the more possibly the profit if you are lucky enough. But the risk on losing is always there, If I am capable and I have a lot of money to waste why not? but if the money I own is just for important things, I will never do such things it is too risky. I prefer wagering less and I am not prepared to lose a lot of money. Anyways we have our own perspective about it but this is my opinion.

BITCOIN4X

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit.

Not to win more, but it will increase your chances of winning. IMO, Frequently engaging in gambling will get someone to gain experience, and this experience influences the gambler to get win so that the gambler can make a lot of money.

Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

The betting competition I think will only help the site to get greater profits because most participants dont realize how much money they spend just to be the winner of the competition and maybe the results are not comparable to what we have spent. Unless the winner will get Lambo. Cheesy

TheGreatPython

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Quote from: DabsPoorVersion on May 05, 2020, 09:49:28 AM

The reason why gambling sites offers a wagering competition is that they know they are not the one who's gonna lose here, they are confident that many gamblers will participate and its gonna be their chance to collect more money from their players.

Right and they very well are aware of the fact that wagering prizes will only bring them more customers and if even they pay some prizes that's not going to hurt them in the long term and while house is the expected loss for a gambler but usually people lose much more than the actual house edge.

I have been betting since a long while and I can safely say that if you are thinking that you will only loose 1 bitcoin on wagering 100 at a one percent house edge then you are mistake because gambling will usually make you chase your loss and you will loose much more.

Overall I prefer wagering less and cash out profits as you make them because what you win is not what you take home, what you withdraw is actually your profit else you will slowly burn it all. I made a big hit on slots a few months ago and I was so tempted that the same slots game slowly churned up all my profit and it never even felt like I lost a big bet at all.

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