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.
Topic: Wagering More or Wagering Less - page 7. (Read 1065 times)
It's a general perception that if we gamble more, we can get more profit.
I don't think this is the actual perception that we used to believe. It's about the chances of winning, the more we gamble, the higher chance of winning that we get. And with those chances, that doesn't guarantee win which means that no guaranteed 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?
This is like the typical promos that we're seeing on the supermarkets or the membership cards that we avail from them. The more you buy, the more points that you will get which can be converted to product or cash reward but in the end, they're just attracting us to buy more. As for the wagering competitions, the logic is the same, the more gamblers participate, the more profit that shall go to the house. What's your though on this ? Wagering more makes you win more money in gambling?
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?
More the wager more the casino is at profit, in general terms because you are expected to loose against the house. For example you are playing against a house that operates at 1% edge then you are expected to loose 0.01 bitcoins every time you wager 1 bitcoin and hence they provide lucrative VIP programs and wager contests/races where you are lured into wagering more.What's your though on this ? Wagering more makes you win more money in gambling?
A lot of casinos also offer rakeback which is based on how much you wager, for a smart gambler who is looking for winning through non wager contests would lower wager and larger bets while someone who wants to chase wager contests and similar practices will often get trapped and loose much more than he gains from wager contests.
What's your though on this ? Wagering more makes you win more money in gambling?
It depends on your goal and obviously on your luck. There are a lot of things to consider when you want to wager more.
1. Wagering Contest
2. Reward for achieving every rank/level
3. Rake back
4. Others
The case is if you loss playing on the house, but you luckily are the no.1 wagered user at that contest, It'll deduct your loss + some rank reward and others. And another one, if you gained a profit on the house and ended up again in a good spot reward in wagering contest + rank reward, that would let you profit you more.
But still sometimes, all the reward from the wagering contest and rank still don't matter because of the high amount of losses you gambled.
House edge means the casino wins a percentage of your wager on average. The more you wager, the more you lose on average.
It is just that simple, it doesn't really matter if you bet 100 dollars in one single bet or if you bet one dollar on 100 different bets at the end of the day if the house edge is 2.5% then the house is going to earn 2.5 dollars out of you on average, so I find it useless to try to become eligible for a reward in a wager competition to try to obtain a reward that most likely is going to be many times lower than the amount of money that you are going to lose if you try to compete for it. 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 wagering competition going on in most gambling site and who will win the competition will depend on the total amount your wager within the period of the competition. For example, if you have about 1.2btc in a gambling site and you have wage up to 100 time and somebody with 10btc wage around 60btc time within the period of the competition will like win the competition at the end because his wager worth is quite higher than that of the other person who's total number of wager is high but with low worth of value. What's your though on this ? Wagering more makes you win more money in gambling?
Thinking about it, if you manage to level up, usually, you will get more rake back. It's not "win more" per se since your winning chance stays the same, but it will act sort of like HE reduction.
As for the wagering contest, it depends on how competitive it is. I don't think 3861 BTC posted by @janggernaut was worth to get 1/3 BTC.
As for the wagering contest, it depends on how competitive it is. I don't think 3861 BTC posted by @janggernaut was worth to get 1/3 BTC.
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?
What's your though on this ? Wagering more makes you win more money in gambling?
Gambling is all about luck and the more you gamble, lesser would be your luck factor. Betting high would have better chances of you double your bet than betting low amount over large number of bets. Though gambling is not just about profit. If you want to stay longer enjoying every of your small success and failure, a balanced betting strategy would make you go for months.
I agree with wagering more will get you more money but not all the time because if we're talking about wagering contests and other promotions where a lot of wagering is involved there will be a point where wagering isn't worth it.
I have also the confusion that who wins the wagering contest can able to fill his losses with the contest prizes?
Yes, usually you'll risk a similar amount to the prize you're aiming for but at the same time someone could snipe your spot in the last minute. Also it depends on the session sometimes you could profit or break even as well if you're lucky. 
[snip]
It's a general perception that if we gamble more, we can get more profit. [1]
What's your though on this ? Wagering more makes you win more money in gambling? [2]
Well, we did not the same perception about you have mentioned above.It's a general perception that if we gamble more, we can get more profit. [1]
What's your though on this ? Wagering more makes you win more money in gambling? [2]
[1]. You can win again house edge because that was designed in favor of the casino and I disagree. On my own, the more time you spend on gambling the less chance you will have profit. Otherwise, you have stayed longer because you enjoy it and have fun no matter how much you have spent.
[2]. Indeed, yes. But if the force of luck perhaps upon on you. You can join for wagering contest to increase your wager number consistency, not your profit.
House edge means the casino wins a percentage of your wager on average. The more you wager, the more you lose on average.
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It not exactly that wagering more means you will more. There are several contests running on gamble sites. For example wagering contest and betting contest. In wagering contest, you need to make the highest wagers amount (total 1,2,10... BTC), It does not matter how many bet you made. On the other hand in betting contests, You have to make more bet (1,2,3...million bets) among all the users It does not matter how many wagers you have made.
I have also the confusion that who wins the wagering contest can able to fill his losses with the contest prizes?
I have also the confusion that who wins the wagering contest can able to fill his losses with the contest prizes?
It still depends on how you play in the long run and your luck, but most of the time, it won't make you win.
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.
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.
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.
Not always the case in my opinion, you have to understand the risk-reward ratio. The more you gamble the more chances that house edge will caught up on you. Those wagering competitions are just ways to attract more gambler. It's not put up for casino's to lose, part of their marketing. The really know that there is a demand, and if you're a gambler, you will likely take this bonuses and lucrative offer because you think that you can win, and casino's are giving you that false hope. 
It's a general perception that if we gamble more, we can get more profit.
do you mean playing more often or do you mean placing bets with a high value of money? in my opinion it is more prudent for people to choose manage risk and bankroll, something for example:
person X has $100, so if he/she is a beginner he can place 2 bets per week ( $10 for each bet) to have more time to analyze the games or define some game strategy. In the case of professionals the thing is another, I heard from a professional player that he makes 25 bets a week, I don't know if that is true, but according to him, he got 21 bets right. Well, I wonder until today if this is true, but it doesn’t matter now, what does matter Is do a good bankroll management
Also we see gambling sites offering wagering competitions.
I never participated in these competitions because there were games that were very difficult for me to watch and analyze, but I already won a free bet
The more you wager, you become eligible for a reward or prize money.
the risk is very high, but as I said before, for people who know how to manage risk and bankroll this is not a problem
hat's your though on this ? Wagering more makes you win more money in gambling?
what makes the person win more money Is good gambling strategy and good bankroll management
depends on your luck and skill . if you can wagger more before you bust then you can make more money thru wager competition but if not then you will bust early and will end up getting small reward . wagerring during race is good though if a site has a vip or something like that were you earn levels the higher you wagger but if your goal is to earn a profit then its better that you dont foccus on waggers . just play the normal way like what ive been doing
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.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.
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.
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.
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.
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.
wow i just saw the races for today and there is already over than 4k btc wagered for the top 10 while the first rank has 3.8k wagered which is over 33m USD wagered
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?
What's your though on this ? Wagering more makes you win more money in gambling?
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