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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?

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.

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.

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.

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.

 
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 

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


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  ;D


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


what makes the person win more money Is good gambling strategy and good bankroll management

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 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.

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?

House edge means the casino wins a percentage of your wager on average. The more you wager, the more you lose on average.

Well, we did not the same perception about you have mentioned above.
[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.

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[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.

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.

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.

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.

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.

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.

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 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. :D

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.

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.

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.

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.

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 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.

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.

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. :D

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.

Of course it's not! ;)
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!

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).

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.

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

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.

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

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.

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.

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.

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.

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.

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.


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.

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.


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.

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

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.

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

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.

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  ;D.

I also tried to wager by using very low odds. By this way i am able to wager a lot and also not wining or losing much. But there is still a lot of risk using low odds. Sometimes the low odds can make you lose if you're unlucky on any day but in most cases you are safe with very low odds wagering.

Not really,,, technically, with a casino house edge, the more you wager, the more likely it is that variance evens out and the casino gets the house edge as expected. The key for the gambler is to hope his variance hits before he runs out (winning the jackpot before bust). This is all:) But of course, luck is luck and statistics are out the window when good luck is yours.

Definitely go with that strategy if you have mastered the pattern with the gambling game you play but if have not fully grasp the pattern and strategy to win then you should refrain from playing big amounts because you will lose big time and even stop for a while especially, if you have only limited funds.

A fitting analogy here seems to be trading

In this manner, your question can be rephrased as whether trading more, both in terms of the number of trades and in terms of the trading volume (which matches wagered amount in gambling), contributes to greater profits? The answer should be obvious. If you trade profitably, then trading more will likely help you earn a little more as well, following the law of diminishing returns (and perhaps with a plethora of nasty side effects like physical and mental exhaustion, more risk exposure, less self-control, etc). But if you are losing, you will be just losing more. As I'm inclined to think, it is essentially the same with gambling (with a few nuances here and there)

I have this habit of wagering small amounts until a desired profit is already at hand, or at least I double my money before I go ham.

The size of the bet does not dictate the outcome of a bet. Odds and other factors matter, too. While it is true that wagering big gets you more profit on a single instance, how sure are you that the profits will pour continuously without fail in the long run? Perhaps the size of the wagered amount will be dependent on the risk that the bettor is willing to take. But for me? Low bets for longer play will help me enjoy and potentially make a profit, and it has worked for me.

I don't really care about the reward, when I am gambling, my only intention is to win and I will have to base my strategy on the bankroll I have, so if I have a decent bankroll then I will definitely wager more and that's good as it will bring more fun as a gambler.

most of the sites now have a lot of of promotions, especially on the dice where there's is a leaderboard and you are entitled for a reward if you reach such figure but I am not really active participating on that kind of promotion.

The house will benefit from all bets in any case. Casino owners create a website to make a profit. Therefore, all additional payments are calculated so that the house remains profitable in any case. Perhaps some particularly lucky players manage to stay in the black, but most players will not profit from this.

But it could also means losing more money and for wagering competition I wouldn't really join it unless I know that I really have a chance on winning some prize.
I don't want to waste my money and effort if I know that my chance of having some prize on the competition is so small.
But I guess most of the big gambler doesn't really care much about the reward money for some of this wagering contest I also think that they doesn't intend to join.

Betting alone is a risk and the more we do it, the higher of chance that we are losing.

What I am saying is that this is a strategy of gambling sites so that people would continue to gamble and increase their chance of losing and that means profit in their side. Just like businesses, gambling sites has their own strategies so that people would actively gamble in their site, right?

I will post my history of playing slots since one month and few days now.No matter if you wager more or less the result are the same and are irrelevant of your betting if you play for a short time.If you play longer lengthy sessions in slot machines by wagering more you have the chance to hit the jackpot and in order to keep you entertained probably the slot will give the bonus feature more often than when you wager less.

Playing longer would minimize your chance of winning, particularly on games that has a house edge, that's proven based on my experience already so if we win in a luck based games, we should not bother tallying our previous record as it will only disappoint us, and that's the reason why we should only play it for fun.

I don't think so because if you gamble, you need to have luck, and no matter how much you wager, you cannot see that your luck will come often. In the wagering competitions, gamblers compete to deposit so much money to win some money, and if you don't have big money to wager, then you should think twice to join in those competitions. Without having luck, you will be difficult to win in any games, and if you don't limit your money, you will see the chances to lose your money will be big.

I think that it is the game plan and strategy thorough which the gambler can win and wagering does not play a big part. A person who do not take risk may wager a lot with small odds and slowly built his portfolio while on the other hand a person take a risks and bet with big amounts and hence wager less but still make good profits.

^ That is the essence of gambling to win if not to lose either of these two will be the end of a player in a gambling session. Regardless of the amount you bet it will not give any guarantee of winning. We probably find it by wagering more can give us a higher chance of winning but in the end, it will always be the house who benefits more, at the end of every session you may consider yourself a winner but if you will sum up all your loses from the day you started playing you will realize that the amount you have won may still not be enough to compensate all your loses. Nevertheless, wagering doesn't guarantee anything but it may only hook you more in gambling and became addicted to it.

I have a feeling that the more you play, the more you wager -> the more you lose. :D

Entertainment takes your attention from losing money & wagering away. The best thing one casino can do is make you feel lots of fun, as you'll be tempted to stay there and keep playing. I've had +5hr-long sessions and yet I lost. I don't understand why some people believe there exists a strategy to win, it's all about being lucky with a lil' dust of placebo on it :D

There's no guarantee that you will gain more the longer you gamble compare to those who only take a little time in gambling. Yes, there's more probability, but in fact, I think that the more you give time on gambling, the more you will lose your money. Simply because in gambling, we don't constantly win. We also experience more losing than winning bigtime.

Even if we have our luck behind us, there is still no assurance. Not all the time we are lucky enough to win. Gambling more will just make us more addicted than winning big time. And it will bring more profit to the casino than the profit we can get when gambling. I don't know how it becomes the general perception because I don't really agree with that since it does not happen all the time.

The longer you play the more money you have to spend. Of course, some of it may come back to you, but over a long distance, the profit-loss ratio will not be in your favor. Naturally, you have a slim chance to hit the jackpot, but it is very small.

Play for fun and then luck will find you.

Well, for me it is better if we will be wagering less. Gambling is not something that would ensure us a good profit every day, it is not stable and it would also negatively affect our lives. Wagering more doesn't always mean more profit since it is gambling, it is either more profit or more losses but I think it is the lather, based on most of the stories and experiences I know.

The wagering contest is just totally out of context over here. The wagering contest is just a form of promotion, more like incentive or a cashback reward for heavy gamblers.
Wagering more does not make you rich automatically. You may wager for years and make no profit at all, while someone might just wager for a single day and become a billionaire. It all depends on your luck.

The principle of having the right attitude and good disipcline might help if you are into this contest, wagering more means to stay longer or needs to have huge amount of money to keep playing. With good understanding and sets of skills though most of the time it's luck who permits you to continue playing but good disipcline in managing your funds will be the key for you to aimed in winning the wagering contest.

It still depends on your luck, we all know that if we wager more, we will only lose especially in the long run, also, their reason for having this kind of promotion is because this is their way to attract more gamblers or increase those heavy gamblers. It is the site's profit even if they promised to give a reward because they know exactly that a lot of gamblers will bite this kind of bait.

Let me tell you that I agree with you

That said, if you are implementing some strategy that allows you to take home small profits while not taking many risks (yes, it is possible), it could formally be claimed that the more you wager the higher your returns are going to be. However, we should keep in mind that you can increase the wagered amount in two ways. The first way is to increase the size of your stakes, while the second to increase the number of your rolls without changing the size of your stakes

Obviously, your returns will be consistently greater only in the second case because when you simply raise the stakes, you also raise your chances of busting. Although you could claim that more bets also increases the chances of losing the balance, this is not so for the simple reason that rolls are independent of each other unless you also happen to bet big chunks of your balance at once. But then it goes against the assumption of gaining via small winnings

It really is a general perception that more money = more profit but for me it is different.

I'm not that gambling that much but I believe that more money = more chances of winning. After all, it will go down to how lucky you are at that day. If you have a $1000, you have more chances of winning than a gambler who have 50$ only since you have a larger money but that doesn't mean that you can get more profit since the gambler who has smaller money can still win huge if he is very lucky and you who got a larger money can still lose all of it if you are unlucky.

I see a thread here who started from 100$ and his money went up to 24 and 30 ETH but lose all of it unfortunately :D.

Not really. Implementing "some strategy" won't make you rich. It still depends on your luck. If strategies would have made people win, then everyone would have applied strategy and the casinos would get cleaned. They would be forced to ban those strategies in order to operate.Lets say you are playing with a martingale where you keep on doubling the your bet amount every time you lose. Unless you have a infinite amount, in the long run you will lose. The more you keep on wagering, the higher chance of getting wiped.

Since I am not a whale and most likely I will never be I have not thought about that possibility but you are right, a gambler that bets a lot of money on those casinos can use those competitions in order to reduce the house edge against him and if the rewards are high enough the expected value of his bets could even turn positive, however if enough whales realize this then they are going to push to try to get those rewards as well in some kind of bidding war that will most likely end up with both gamblers losing more money than what they wanted.

But seriously, you may want to learn about the newest and the hottest Martingale-DOGE strategy

It probably won't make you insanely rich, but I never said anything to the contrary anyway. Although it allows you to earn only small profits (the specific term I used), "a win is a win", no matter whether it is big or small, short or long. Regarding casinos banning those strategies, many have effectively already done exactly that, and a long time ago. For the Martingale-DOGE strategy to work properly, you need doges (as the name casually suggests) and you need your base bet amount to be as small as possible, ideally the lowest possible denomination of the currency. Apart from that, you would also need high betting speeds, the more the merrier. Only a few casinos fully meet these requirements and criteria, with wolf.bet being one them (no advertising or proselytizing intended)


Rolls are independent of each other, aren't they? It doesn't matter for how long you didn't bust as chances remain absolutely the same. I call it the Gambler's Fallacy in reverse (obviously, you are not the first to come up with this idea, that getting busted gets closer as you roll on)

Wagering amount is not always important, there are people who become millionaires with their random lottery buys and some of them never bought lottery before so just few dollars is enough to make you millionaire in gambling and there are people who wagered huge and left out with no profits so its depends only on the luck of every individual.But for wagering contest there might be a small prize amount but think again is it worth if you lose all the wagered money!

It seems I understand what you mean. Maximize chances of victory by implementing the Martingale strategy. To be honest this strategy is very tempting and of course every user has to make more bets to get a win, I mean double the bet if the previous bet loses. Even so, I don't think that all gamblers like this strategy because of limited capital or so on.

Martingale strategy does not actually make the gambler win more, but can increase the chances of winning because the stakes are increased gradually. But it all depends on the gambler habits, and I have implemented this strategy before and succeeded but because the desire to win is greater, it makes all my victories run out.

If you feel interested, you may want to look into this (https://bitcointalk.org/index.php?topic=5168782.msg51947729#msg51947729) thread. It deals with a lot of gory and pesky details of implementing this strategy in a way that actually allows to win something in the long run and not bust in the process. Indeed, you have to make more bets to score a win but this is not what I meant. You must literally make millions of bets to accumulate some profits, and that may take plenty of time as well as patience

But be warned that this strategy is not for the greedy hands


Technically, you don't so much win more as just win something. But something is still better than nothing, right?

And it will be more attractive if the prizes are too high which is giving the gamblers an act of encouragement to gamble more. You have more money, you have more chances to win but that doesn't guarantee you a win if you don't know how to stop.
To summarize it, before you gamble, set a budget and limitation.

I tried using martingale strategy to climb the leaderboard but I didn't continue any longer since I don't gamble that much. Using martingale help me climb the ranks from being 400+ and within I gamble that day and the next day I also gamble. From being top 400+ and now i'm on #120 using only to small amount of money. It really depends on how you climb your rank in wagering contest.

Still, it doesn't specifically mean wagering more or less could do good in any gambling game it still depends on your luck.

But in my style of gambling, I usually go with wagering more when winning consecutively and then wager less if loss I would say it a pretty good style but not perfect.

You can really possibly do that and this had been a common way where people do make use of this strategy and setting into the most minimal bet yet we know that how far you can go even you've been hit up by
losing streak but this isnt always the case here because ive experience long reds which no matter how big your capital is, you will surely bust up this is why im not really that interested much when gambling to have
that afk type.Its either you would bust up early or not it will all vary on how lucky your are.Talking about wagering more or wagering less with the concern of profitability then it will always talk about
the luck of a certain gambler.If you do wager less but hit up big then its easy profits but wager more but winning the small prize then minding of the HE then you cant barely break even more of the time.

Why do you think you will be able to earn more if you gamble more? You know that that gambling is completely dependent on fate and skill. On the other hand, wagering more does not mean that you always be able to make more profit. But if you wager more, you will be able to be ranked up and there is a chance that you may win wagering contest or betting contest. If you really have good gambling skills, you better focus on normal gambling, you can get more profit from it.

If the only given option in order to (possibly) win the prize is to wager more then, gamblers will take that option but I'm wondering if it gives us profitable in such a thing that the more we gamble, the more lose. And for that sake ( eligible for the reward), maybe I sound tempting but I don't have to take the risk either but rather to play in the normal.

The gambling site gives this temptation gamble more and wager more because they knew that if you wager more there are chances that you will lose more and hence who will benefit when you lose ? Right, the gambling casino is the direct benefiter. Since many people wager and lose, they can easily give bouns as they have gathered so much money from such competitions.

Just remember people come in gambling to gamble and wager. So if they have  wagering competition it will be good for the players too. If you don't want to wager then why are you visiting the gambling site in the first place  ??? If you think wagering is dangerous then stay away from gambling sites.

Being AFK means you are betting on your settings on an automatic mode right? I do not have a good experience of gambling on automatic mode without supervision. It makes the job easy but the risk is super high even you are playing martingale strategy you can possibly hit up straight reds. I suggest betting manual on martingale especially if you are on a wagering tournament because you obviously don't want to dry out.

That's not his point, he's just playing safely IMHO. I think he's just a casual gambler or the one that plays at his limit or just plays for fun not for money. He's the one that's gamble and know when to quit rather than chase his losses.

It is not compulsary if you waged high you will earn high. Chances are that you might lose everything that you have earned with just one wager. Higher the amount higher will be the risk.

That's their strategy so gamblers will wager more. Giving bonuses or rewards, because in the long run, the gambling site will get more by this strategy. Very few gamblers stop when they already won something, usually they stop when there's no more money to play.  :P So it is up to you if you are up to the game and willing to accept whatever the results will be, wager more or less, depending on the game or your mood at that time.

Well, higher risk = higher reward so wagering more will have higher chances of winning compare to a gambler who is wagering less amount of money.
Waging higher give you higher chances of winning but still the chances of losing is still there so if you can handle the risks and consequences that you may face whenever you are gambling then yeah use huge amounts of money in gambling and vice versa.

Obviously, but as gambler, I notice that not all people are wiling to risk big to win big, most of the people just willing to risk small to win big.
That alone makes them being unrealistic in their approach, they can also win but the chance will be very low.

Therefore just go with your range, or what you can afford only.
Winning in gambling does not need to be instant, if you are really good or you have the skills, you can use an approach that is slowly but surely.

Going to risk big amount of money in order to win big is risky because you will lose all that amount if you lose the game. A better approach is to risk small amount of money and play a game with a lower odds. The winning chances may be less, but if you're lucky you can win good amount without losing your money.

It is the reason why gambling is risky because it doesn't mean if you wage or bet a huge amount of money, you really believe that you can win a huge amount of money. But there are still chances that you can lose a lot of money if you pursue to wage more because not all the time you have luck to win.

Pure luck will strike for risk takers and you will never earn big if you settle for low bets so if you can't take the risk maybe just continue to play on low but never expect that you can earn huge with that, but if you are lucky enough then provably you will earn a jackpot if you go on lottery.

That will better than to risk big money in gambling because we don't know or don't have a big chance to win. It is a pain if we lose all big money in a short time, and we can feel regret to lose that money. But if you can manage how much money you should use to play gambling, then that will give you more time to enjoy the game. You can also prevent the big risk of gambling because you can use little money to play gambling. So if you wager big money or little money, it doesn't give you more chances to win, but your opportunity to lose will be bigger.

It is only the amount of money that matters here

Whether you play with low odds or high ones, ultimately, it will be six of one and half a dozen of the other. When you make enough rolls (on the order of a few thousands), it will boil down to just two things. The first is the amount you wager at each stake, and the second is the house edge. After so many rolls the odds as such, high or low, become irrelevant as it all gets averaged out to the house edge

Logically yes, but no to speak realistically. When we think logically, for example, if a game with a ratio of 1.25 is bet 100 units and a win is made, we will have a balance of 125 units, a net winnings of 25 units, but if the winnings of the same game are made, we will have a balance of 125,000 units and a winnings of 25,000 units. When we think in this way, the logic of "more wagering more profit" seems completely logical, but that is not the real truth. Since the rate of earnings increases when gambling with more units, the ambition and desire for income increase indirectly. This causes many people to lose all their money. On the other hand, gambling wins, not always, who plays. For this reason, gambling with more balance only causes harm. This is the bitter reality of the business, and it actually proves that playing more does not actually yield more.

Well, every companies do promotions like discounts and other loyalty programs to make consumers loyal to them, same as with gambling for these rewards can encourage everyone to play more and wage more just to get these rewards. Furthermore, --these rewards could not really compensate your losses it is just like a trap wherein the company will benefit more on this since you keep on wagering more only to be eligible for the rewards. Indeed, for me as always I will bet only up to my limit and when I reach the limit I will stop playing with or without rewards.

Honestly, the amount you put in doesn't matter when gambling. Unless you are playing some PVP game like poker where you are playing against other people instead of playing against the house, you will lose. House has house edges, that means casinos will make profit no matter how much you put in, the bigger you get the harder it will be actually since there is a max, but unless you are at the max, 1 bitcoin or 1 satoshi doesn't matter, you are going to get that 1% house edge against you so you will lose.

Certainly when you gamble more you are getting more stuff like points, vip's, rewards and other stuff that will drop the house edge, but it is still house edge, it is still there, there is really no way that you are going to win just because house edge is lower, it is still there.

.

It all depends on your risk management. It is not on how much you bet, it is on how long will you be able to bet and win. Wagering contests are famous among platorms so that gamblers will be attracted playing longer and risking more.

What will you do if your limit ends just three bets away before you receive a guaranteed reward? Will you place these three bets above your money limit?

In my perspective, it doesn't directly open up the opportunity for you to win too much exactly how you about it. Wagering more than usual just increases the odds of you gaining more if you bet and you became lucky. This should also remind you that by wagering too much, you are risking your funds further at it makes you lose more.

Talking about wagering contests, it is kind of confusing because every time you bet is like a contest already, they are just somewhat advertising their platforms to enable more participants to bet and for them to earn more.

Yes, it still depends on luck.
Wagering more doesn't necessarily mean that you have the opportunity to win because the only thing that increases is the fund and not his luck.

More like a strategy to attract more gamblers and the gambling site will be able to make more profit just by doing contests like this. Even if they provide a reward, it is still a win situation for them.

This is the only chance a gambler would get good profit in gambling, extreme luck they need that as they only gamble a small amount to win big.
It's like a lottery or winning a jackpot but if we go realistic, we know our chance is very slim, and at the end of the day, gambling houses remains profitable.

Enticing gamblers to keep wagering inside the house in order to get the chance in winning the prize stakes. This is a good marketing strategy coming from the house owners, it's an easy way to bring more players and more money, though there's also slim chance of losing if there's only little numbers of participants since they've needed to pay whoever have the biggest wagers inside the house.

Gambling house or gambling sites knows what they are doing, they are good with marketing but they always get the benefits of their promotion.
The limit has to be coming from us, we have to be clever sometimes, and understand using a simple common sense that gambling sites will never lose, no matter what.

Wagering competitions are good, but it's hard to keep up with high rollers! Where there's some nice competition I usually add more money in casino, and I am trying to last longer. There are catches, like you bet high amounts at 95% or higher chances to win. If they have roulette you can bet both red and black and just 0 is a lost game. Most of new casinos that offer their token have those competitions where wagering is important, with hourly, daily or weekly prizes. Add to that tokens you get for more you gamble, doesn't matter do you win or lose!

It is very unlikely that a casino is going to lose money with those kind of promotions, any casino with enough traffic should be able to pull out enough profits with those wager competitions, and this is because most gamblers are not really going to take the time to calculate the maximum an amount of money that they should bet to at least break even if they happen to be one of the winners of those competitions, so most of them are just going to bet too much on those games and lose a lot more money than what they really wanted just to get a prize that at the end is not worth it.

It will be a risky thought or idea to be given to everyone that the more you play gambling or the more you wage the more chances you can obtain rewards and winnings because it can totally lead someone into an idea to get addicted on striving and playing hard while he still not experiencing any wins on gambling. Gambling is a play of bet and luck and those who are lucky enough do always wins. The thought of the more you play the more you can have chance of winning is good, but not applicable for everyone because not all people have the same level of control or tolerance on playing gambling because it might just lead an individual who wants to win into getting addicted. Wagering competition on gambling sites are obviously an act for them to earn more money since it is normal for an individual to strive hard just to be able to pot that prize whatever it takes. You must always know your limits and must not exceed on it to be able to control yourself not to get addicted. It is included that on playing gambling, you must be able to have luck to win but you also need to have patience.

Wagering more means increasing the chance of getting REKT and decreasing the time for burning the balance. It is kinda trade-off and incentives matter here. Wagering competitions are created for attracting the gamblers with lucrative promotions and they are convinced to take the bonus with hitting once. For one hit it can give X amount but we already have wagered more than double of the winning amount. In the long run, the only house wins.

Primary reason on why these promotions are created in the first place which is to make money out of their players.We do know that this is not a new stuff.When tending to make your wager amount to be bigger then it will always matter on how big your capital is and on how you do tend to play. (Small bets automation or One shot bet of roll).

Lets put up on the situation on where you do play with smaller bets with high chances of winning.Yeah you make it big but in the long run,HE can be felt and if too unlucky then you will surely
bust up that balance in no time.

It depends. Those wagering competitions are more of a consolation prize for wagering a set amount of money. Ofc, if you win the wager, then it's a win win situation, but if you lose, at least you wouldn't lose everything because of the rewards given out. This makes the mindset of those that wager that they could still continue wagering and even increase the amount they wager since they don't really lose out that much when it comes to the money they spent. It's like giving out candy for every 3 or 4 candies they give you. It isn't a bad thing tbh since the rewards think about the mindset of those that wager, but also kinda bad since it gives them the mindset that they can just keep on wagering, especially those that are hoping for a big win.

It's easy to win in a wagering contest as the prizes are split to several winners between 10 or sometimes more but I wouldn't say earning one of the top spot for the competition is a win win situation only because you'd still get something back. There are gamblers that only drop big wager amounts on competitions compared to their regular gambling session. It can also be a bonus but it depends on how competitive the contest is because you'll sometimes find contests with high rewards but the top wagers are easy to beat.

The promotion of wagering more and earning rewards by the house(the gambling site) is just another marketing ploy to garner more earning because as we all know the chances of winning in a gambling has always been in favor of the house, it is just a simple bait and switch that businesses of different walks of life have used for a long time, it is like those 50% discount for gym memberships where they condition the consumers that they are missing out something. I agree that wagering more let's you win more but if you where to weigh the risk that are in play, it is not worth it.

I wouldn't call it a bait though, although it's true that it's a marketing strategy in order to gain more gamblers and to increase the income of a certain sites, but there are also gamblers who benefited from these, especially those gamblers who are really spending a lot of time in gambling because this gives them exchange chance to win, and it will also add more value on the entertainment they will get when playing.

I agree with you on that, gamblers if they are ask, will they choose a gambling with lots of promotion over the a gambling site with less or not promotion?

The answer is very obvious, and that's the reason why until now although a certain gambling site is already popular, but they are still running a lot of promotions and competitions.

If I was given the option to play at a gambling with no bonus/promotions but a trusted site, I will choose it on a site which is new and not trusted but given a lot of promotions.
If there are two trusted sites and one is giving more bonus, I will not leave the site only for the bonus where i am used to play.

I will do the opposite, reputation is more important to me that what they offer, because at the end of the day, we just want to win if possible and to withdraw our money without any problem, which you could lose if you gamble in a site with no reputation, so the risk is high.

I agree with this, we know that when it comes to cryptocurrencies you really have no way to force people to send your coins back once those coins are in a wallet you do not own, as such in this market how trustworthy a business can be is of the utmost importance, and this is even more true for casinos, if I had to choose between a casino that ran no promotions but it had a great reputation among people in the forum and a casino with lots of promotions but no reputation I will choose the former in a heartbeat.

That's your choice, everyone has but for me I'll never risk my money playing in a new site even if they have a lot of good promotion, maybe because I am not actively participating in bonuses or promotions, I just want to have fun and gamble during my free time.

No matter if that site has reputations or the site is new, and both sites can give many bonus/promotions that will attract people to visit the site and gamble any games. But playing on the gambling site, which has a reputation will good for us as we know that the site operated for a long time. But if you are good to gamble on the new site, then that is your choice, and you should know about the site.

As long as you know the risk and you know how to manage it, you can always choose what site you will gamble.

Since I said I like to gamble in a reputable site compared to the new one but it does not mean I will not try the new one, but of course I will ensure that I will manage the risk, I have a limit in terms of the amount I can risk in a new website, and if I get scam, I would not be surprise as I always consider that as a possibility that is why I limit the risk exposure.

I am also trying to play in the new gambling site, although I don't too often to test the site, I think playing in the reputable site can give a feeling safe to us. But as you said, I still trying to limit everything when I want to play gambling because I really know about the risk behind gambling, and I don't want to get that risk before I am late to realize. I still trying to manage the risk by preventing myself to play for a long time in one gambling website.

The fact that you are playing for long term in a gambling site, that means you trust the site, and that means you believe they are reputable.
An easy way to manage the risk is just don't put a big deposit that you will just let it stay, just do a regular deposit/withdrawal transaction after every gambling session.

Everyone knows that houses will win most of the time but still people are wagering and taking part in wagering competitions. People do get REKT but they still take risks because the winning amount is too much attractive.

I'm not a fan of most wagering competitions, they're pretty much designed as a way for whales to minimize the house edge, while lower volume bettors end up betting more than they otherwise would for no benefit.

The only wagering contests or races I like are the ones that also reward some of the smaller participants, e.g. by having different price tiers by wagering value. This ensures even small but dedicated players can potentially get some benefit out of the promo.

Overall, if you're talking about pure statistics, it's always better to bet big and infrequently, than small and regularly. The way odds work is that you'll move closer to the expected distribution the more you bet, hence you're actually less likely to be in profit if you have tens of thousands of bets, than if you only have a few large bets.

That's why I tend to play with a good sum when I play minersweeper or dice or roulette or something, rather than going for the maximum number of bets to "improve my chances."—it doesn't improve your odds at all, and actually works against you.

More Wagering does not guarantee a lot of profit and also, less wagering does not guarantee a little loss, things like this I think still cannot be ascertained precisely because even those who gamble do not know the end result will be lost or won. Well, when there is a wagering competition I only assume if they really are players who are really gambling addicts with lots of capital and high experience so I think it's natural they are very optimistic or maybe ambitious to win in the competition.

In the world of gambling, it is full of risk and luck and it depends on your faith when you will get more earnings or profit. Sometimes there is some gambling that does not have any increase in the wages so the user will only win a fixed price. But sometimes it is not good because there is a chance that the player is comfortable with the game and wants to make more wages and make a lot of earnings but they cannot do anything because it has a fixed rate of prices. Still, there is some gambling platform that is on the part of the users they can now wage any amount they want and win it depends on how much they risk. For me as a gambler for a long time, I do this kind of action or method because it is easier to make more profit which is on the favor to make an income but before I do this kind of action I need to do some research before I wage high the best example of gambling is the sports and e-sports gambling because it depends on the capability of the users to win the game or not. But sometimes there are some things we cannot unexpected and these are the throws and injuries came from the players which can risk more on your funds. Still, it depends on the user if they want to make more money.


In a competition, you know the skills of the players so you have already got a piece of the information who is the possible winners of every game and one of the crucial here sometimes is the higher bracket players because it is hard to conclude which team will win the game because they are both strong.

As you have mentioned, the site is reputable. No harm if these players will put some big amount.

They will save more fees if the deposit and withdrawal won't be done regularly especially if they are after the wagering requirements.

The excitement is getting intense if these players are already closed to achieving their target.

Withdrawing money after each game session is not very reasonable. You will constantly lose some of your money to pay commissions.
If I manage to win today, I do not withdraw the money and leave it for the next time. The only exception is when I win large amounts of money, which is rare.

Right especially by now the withdrawal fee is so high to due network then for sure constant doing this will result to negative output if you count it. But actually I'm doing thus before when network is fine and for now since their is constant changes I put a threshold so if my target reach I'm ready to withdraw my funds it save me from fee's as well the hassle for doing a withdrawals from time to time.

What about cheap altcoin withdrawals? I usually withdraw my winning from Stake and other gambling platforms because I hate to chase the possible loss after the chain of loss. For XRP transactions, I pay around 0.0001 XRP fee:
If I made a 40% profit in a day, looking in the profit is my best strategy to prevent over gambling.
Regarding the network congestion and high withdrawal fees, FortuneJack has announced the withdrawal fee will not be deducted from the final transaction amount and they will cover all fees for both deposits&withdrawals. This is a perfect example of how to manage the problem on gambling platforms and big boys never hide behind the excuses :)

I don't gamble very often. Mostly I do it in the mood to relax over a bottle of beer. However, I rarely withdraw money from online casinos. I can only do this with the goal of never playing there again. Or sometimes I withdraw when I win a lot, which is not as often as I would like.  ::)

If we measure the normal win rate of 49% wagering more will not give you more profit.

If you take into account the small chance of winning a jackpot it's better but still not great.

Add that playing more gets you income from other sources like competitions, referrals, rakeback and it can be profitable to play more but you have to be smart about it.

But we don't have to play gambling every day on that site just because that gambling site is a trusted site. We cannot risk our money by playing gambling, especially with bigger money.
Yes, with that way, I am sure that we can reduce the risk, and we can manage our money that has been used to playing gambling. When we can win some money, it is better to withdraw the win money, and keep the initial money in our account but don't keep it in big money.

I've always been sure that you can't beat a casino over a long distance. All its bonuses, points for the number of games, and so on are designed to create the illusion of the possibility of additional earnings.
I do not seek to receive accompanying bonuses. I just play and have a good time.

And another reason to not let the bonuses and promotions offered by a casino to be the main factor in deciding if you're going to play there or not is that for the most part those bonuses come with strings attached that for the most part are impossible for the average player to fulfill in a timely manner, for example one of the most common conditions is to have to bet the bonus that you receive a certain amount of times before you are able to withdraw your money and that is a condition that I do not like at all because I like to be able to withdraw my money from the casino as soon as possible since I do not like the idea of letting my bitcoin sitting for a long time in a wallet other than my own.

And that's how effective they are.

We wager more for specific reasons and this is included with that reason. The other reason why we gamble more is when we feel that we've lost that much.

This makes us get more of it and this is a normal act for gamblers.

It is never a good move to go all in or wager more when you are losing more. Many people think that if they gamble more after losing, to recover their loses they will lose more. The best way is to stop the gambling and start it again on a fresh day with a fresh mind. This way you have more chances of winning.

You will never know how others feel when they do that.

We don't know that some were successful retrieving their losses but it's a fact that many losses more.

Only the losers who have lost their money in gambling knows the feeling of it and others cannot have the same pain. People wager more  to cover their loses because they can control their sad feelings and in return lose more money. There are no counselors for gambling who can guide on how to control in gambling.

Gambling addiction is real and no one can deny it, however at the end of the day we gamblers need to learn the art of self discipline and stop chasing our looses. @noormcs5 the best people to guide a gambler are his family, his friends or fellow gamblers out here, also I’m leaving few links below in case anyone needs more help then they can visit those sites and seek further help.

Sources:

https://gamblinghelp.org/

https://www.ncpgambling.org/

https://www.helpguide.org/

https://www.gamblingsites.org/blog/3-ways-to-chase-losses-without-destroying-your-bankroll/

https://www.psychguides.com/behavioral-disorders/gambling-addiction/how-to-help/

https://www.gamblingsites.com/online-casino/beginners/self-discipline/

This is completely wrong. Any casino provides a game in any game with a minimal expectation. Therefore, the longer a player plays, the more he loses.

However, the casino offers a trick, jackpots and other random large winnings which, if successful, will be given to one out of a million people,all the rest will continue to lose,
impressing on the success of that one person who won the jackpot.

Lottery organizers have perfected this art

The winners in lottery are widely and wildly advertised, they make headlines and talking points in the news, they are welcome guests on TV shows. No one wants to talk about thousands and thousands who failed to make it. This inevitably skews and distorts your perception, and makes you fall for the seeming easiness of winning a lottery or jackpot. If someone like you has been lucky, you should be at least as lucky, right?

This is called business. If you are doing any business who will only present the brighter side of your service or product and will try to hide the darker side. Gambling sites will never disclose that how many people have lost from gambling and they will also not tell that how much the casino has made profit from people losing. Instead they will only tell you the big wins from the players which are very few in number.

It's a difference that makes the difference

And you know where it lies? In a casino you could actually win. I'm not even talking about using complex approaches aiming at beating the house edge and squeezing whatever small profits you can take home at the end of the day. Even when you toss a coin, your chances are 50%, i.e. you will be winning in half of all the flips. Indeed, there's the house edge in a casino. But then you will be winning in a little fewer rolls, like 49 out of 100 on average (if we are talking about dice on x2 multiplier as the simplest setup). The point is that the luck is there, and it is for real

I understand that luck is there and a 50% chance does give you a 50 Percent chance of a Win. But the point is that we play many times with small amount of money. So even if we won few times, we lose equal number of times. If you play more, the chances for you to be in overall loss are greater. Another reason is that people wager more because they think that by doing this they will recover their pervious loses. :(

Worthy if you do have lesser bankroll on where you do able to wager more in spite of lacking of capital since you do able to withstand the game but it all varies because when you do profits
you cant still be sure that you would end up on cashing it out or losing it all in the end where it do shows the same story.

In talks of big capital and setting it on high odds of winning then expect that house edge will surely be felt. Come to think and consider that 1-2% house edge in most dice sites
will really give out impact on the capital but of course, you can see it when you make yourself still on the game and havent been bust up.