I do not get it.... The Winner wagered 16+ BTC to win $150.
He would most certainly have lost way more than $150 to accomplish that? Why would you want to do that... it just do not make sense? Will it not be better if the Mega Race pay out way more than that for people to actually get something out of that? (Say 1% of what was wagered for the top 3 spots?) ....bigger carrot.....
Yes, if you are going to gamble that in any way, then something is better than nothing... but getting that amount is definitely not worth it? ....right?
Oh well.... watching the chat screen during this event actually gave me a little clue on what is happening here.... "brag rights"
I think you miscounted the reward there? as you can see the image he shares that the first place got 0.159 which is around 1.5k USD
and with these races you can easily earn 1.5k if you get first place