~
this contest was pretty anticlimatic - no real fight for the top spot and Rodolman took it easily with just 3.9 btc wagered
can't see his stats , but pretty sure this was a profitable run , unless he played very risky
but this guy is not new
saw him in the last contests top spots usually
anyways , was fun for me I managed to place high in the table with a relatively small bankroll , total around 300k satoshi
and managed a decent profit + the prize money , very happy about it
this contest was pretty anticlimatic - no real fight for the top spot and Rodolman took it easily with just 3.9 btc wagered
can't see his stats , but pretty sure this was a profitable run , unless he played very risky
but this guy is not new
saw him in the last contests top spots usually anyways , was fun for me I managed to place high in the table with a relatively small bankroll , total around 300k satoshi
and managed a decent profit + the prize money , very happy about it
I think it's safe to assume that for Rodolman and for jellyroll2018 it's been a pleasant experience. I predict more high rollers to participate in the next contest because it's obviously worth it.
Congrats on your profit from the participation! Being in your place I would recover my losses at best, because in wagering contests I play with 1.0102x payout, and usually lose a bit more than 1% of the amount wagered. But, apparently, you have used another strategy and you won with it. Good job!
I wont do that if I'm participating in wagering contest. Indeed that seems to be the lowest risk strategies but for me it is like the worst strategy since once you hit lose bet several times then you'll need thousands winning bets in order to recover the losses from the losing bets. In fact it is almost impossible to have thousands winning bets without other losing bet(s). My suggestion, use at least 1.1x payout but indeed you need to have a higher bankroll for better result. Combining strategies is also good imho, so you are not wagering for the contest only but you are also aiming for profit while betting.
Yes, playing with 1.0102x payout is the simplest, and, probably, the most stupid strategy for participating in a wagering contest. I'm aware of that. If it's not for such a contest, I never play with low payouts, even with 1.1x. My favorite ones are 99x, 120x and higher. When playing with 1.0102x payout all the time, it's almost impossible to be in profit after 10,000 bets. Rather, it's almost guaranteed that you'll lose 1%-2% of the wagered amount. But in the end it depends on the prize you can potentially get. If the prize is several times higher than 2% of what you must wager for it, then 1.0102x is the best. But if the prize is around 1% or even less than that, which is pretty often the case, then combining strategies is definitely a better solution because your profit from the participation will most likely be negative otherwise.
