Wagering contest question.

[stadus]

Wagering contests for sports are just not that effective, and it's why bookies prefer to push for parlay or multiplier contests instead, because gamblers tend to lose a lot with those kinds of bets.

Biggest parlay odds winner… feels like that’s way harder to pull off compared to slots. In slots, anyone lucky enough can hit a x10,000 multiplier, but in sports betting, that kind of return seems almost impossible. I wonder why there aren’t many contests with this format. If there was one, I’d be happy to join. It’s not even that costly since parlay results take time and aren’t instant like slots.

[Bitinity]

Wagering contests for sports are just not that effective, and it's why bookies prefer to push for parlay or multiplier contests instead, because gamblers tend to lose a lot with those kinds of bets.

Biggest parlay odds winner… feels like that’s way harder to pull off compared to slots. In slots, anyone lucky enough can hit a x10,000 multiplier, but in sports betting, that kind of return seems almost impossible. I wonder why there aren’t many contests with this format. If there was one, I’d be happy to join. It’s not even that costly since parlay results take time and aren’t instant like slots.

There were some that you missed and maybe you are not playing on that casino, that's why you missed it. One of them is in Shuffle, what you need to be the first to beat the highest multiplier from the previous winner on parlay bet to win $2500. It was running for more than half a year if I remember it correctly. The other one was in betcoin with more winners but lower prizes. I believe there are some other places with similar contest, so you need to explore more sports betting sites if you really like to participate in multi-bet contest.

[irhact]

I’ve seen a few contests where you need to reach a certain wager amount to qualify, and sometimes the player with the highest total wagers wins by the end of a set date and time. But it’s almost always on slots or other casino games with a house edge, not on sports. Any reason why that’s the case?

Sports games are easiest among some of the gambling games for participants to win therefore the casino aren't going to give you an easy game for you to win. Games like slots games are based on probability which is luck and in those type of games, you can't use any strategy to have an advantage and that's what the casinos wants. They want to give you the rewards but at the same time, they don't want it to be easy for you to win because imagine everybody that got the rewards won, it means the casino will owe alot of users and this might make them to go bankrupt. Some people don't even consider sport betting as gambling because the results aren't based on luck but skills and experience.

[GxSTxV]

Why is it that wagering contests are usually on games with a house edge and not on sports betting?

I’ve seen a few contests where you need to reach a certain wager amount to qualify, and sometimes the player with the highest total wagers wins by the end of a set date and time. But it’s almost always on slots or other casino games with a house edge, not on sports. Any reason why that’s the case?

I may not have the correct or accurate answer, but this is looking pretty clear that the casino is benefiting more from their slots and games more than what they get from Sportsbooks. Most casinos are built without a personal sportsbook since it is really hard to manage, we know it’s an integrated system as we always see the same template in several casinos.
Probably they are getting a tight percentage of winnings from their providers, while they get more from slot providers and original games. That’s my 5 cents and I might be wrong.

[traderethereum]

The reason is profit. Casinos want to make more profit. So it is why they have a contest that will profit them.

If you are a business owner, you will host many events that will interest your customers to return. With some promotions, you can invite more people to participate. The more people participate, the more profit you can get.

If you want to participates in similar contests, you must make sure you are ready with the risks. You can get more losses if you don't think more before deciding.

[eisen33]

Why is it that wagering contests are usually on games with a house edge and not on sports betting?

I’ve seen a few contests where you need to reach a certain wager amount to qualify, and sometimes the player with the highest total wagers wins by the end of a set date and time. But it’s almost always on slots or other casino games with a house edge, not on sports. Any reason why that’s the case?

I think it depends on the casino and which area it is more focused on. For example, if a casino puts its main emphasis on slots, then the competitions will mostly be held in those games. But I’ve seen quite a few betting-related contests on forums, where you had to guess the minute a goal would be scored, the number of goals, and so on, so there are a lot of those kinds of contests too. You may have seen more competitions regarding casino games.

[gunhell16]

Like Mike said, if you are allowed to participate on this wagering contest on sports, everyone knows it's the same outcome in casino A and casino B so the likelihood of registering in several casinos just to win more is very high as humans are known to be greedy so the twist on casino games is that it's peculiar to every casino, the outcome here will never be as others so if provided wagering contest here you are obligated to only participate in one casino hence the profitability of the casino is assured.

So don't also forget that the casinos are in business because you loss to them so they can't let you win them all the time, it's the open secret.

That's what should be instilled in the minds of gamblers, because others don't think about it, as long as their mindset is that they might get lucky so they will gamble with small amounts
only because they are confident of winning a big amount.

And the communities that have this mindset are often poor individuals and sometimes maybe people in the middle class who are also players. And since the casino is a business,
we shouldn't wonder why it is usually the losers playing in the online casino business.

[Sanitough]

Like Mike said, if you are allowed to participate on this wagering contest on sports, everyone knows it's the same outcome in casino A and casino B so the likelihood of registering in several casinos just to win more is very high as humans are known to be greedy so the twist on casino games is that it's peculiar to every casino, the outcome here will never be as others so if provided wagering contest here you are obligated to only participate in one casino hence the profitability of the casino is assured.

So don't also forget that the casinos are in business because you loss to them so they can't let you win them all the time, it's the open secret.

I don’t think it’s necessary to point that out as we already know the risks. of course we understand our chances are low, but we gamble mainly for fun. As long as we can afford what we’re betting, it’s our choice, and we don’t really care what other people think about it.

And when it comes to wagering contests where the highest multiplier wins, of course we might feel tempted to bet more to beat someone else’s big parlay win. That’s normal, it’s a competition after all. As long as we’re enjoying it, it doesn’t really matter if the chances are low and we lose in the end.

[stompix]

The bookmaker's margin in betting is higher than the casino's margin in roulette, so I don't think your assumption is correct. In roulette, you can also make hedging bets (simultaneously bet on red and black, for example, sometimes losing money when the ball lands on zero) and increase the wager very quickly. I think casinos avoid betting because it is a different kind of gambling, not the one they are interested in advertising.

The problem is volume, you can't trick that easily a guy who plays sports into throwing money at things he doesn't know.
Once you get someone hooked on slots, he will spin and spin and spin and in 5 minutes, he will have already lost (on average per bettor) more than guys in sports betting would even wager completely. Slots, roulette, dice area all fast games, bet, win, bet again, win, bet, lose, bet with sports (except for my fav horse racing) it's bet, wait 2-3 hours, bet, go to sleep..

Also, there is another thing, gambling sites get a larger chunk of that money from casino games, with sports they need to pay their bookmaker more, and that guy also has a shitload of expenses, those 10-15% might look attractive but they end up being on par with slots.

Anyhow, I don't think any sports gambler has a chance to win such a contest against a slot player, even if they both have nearly the same bankroll.
Multiplier contests? Not even trying!

[KTChampions]

The bookmaker's margin in betting is higher than the casino's margin in roulette, so I don't think your assumption is correct. In roulette, you can also make hedging bets (simultaneously bet on red and black, for example, sometimes losing money when the ball lands on zero) and increase the wager very quickly. I think casinos avoid betting because it is a different kind of gambling, not the one they are interested in advertising.

The problem is volume, you can't trick that easily a guy who plays sports into throwing money at things he doesn't know.
Once you get someone hooked on slots, he will spin and spin and spin and in 5 minutes, he will have already lost (on average per bettor) more than guys in sports betting would even wager completely. Slots, roulette, dice area all fast games, bet, win, bet again, win, bet, lose, bet with sports (except for my fav horse racing) it's bet, wait 2-3 hours, bet, go to sleep..

Also, there is another thing, gambling sites get a larger chunk of that money from casino games, with sports they need to pay their bookmaker more, and that guy also has a shitload of expenses, those 10-15% might look attractive but they end up being on par with slots.

Anyhow, I don't think any sports gambler has a chance to win such a contest against a slot player, even if they both have nearly the same bankroll.
Multiplier contests? Not even trying!

I can't argue what is cheaper for a casino to maintain - games or betting. As far as I know, with betting you pay the quotes providers and for the software, and for slots for the supply of games and software. Slots are certainly a more autonomous thing (for live betting you need to fulfill many conditions to protect yourself), but I don't know what the final difference is. Hmm... by the way, I remembered about live games like roulette (video broadcast), it seems that the costs here should also be not small.
I agree that slots and similar gambling are poison. If a person is caught in the pleasure of mindlessly pressing one button, then he will quickly lose his money 

[stompix]

~

I can't argue what is cheaper for a casino to maintain - games or betting. As far as I know, with betting you pay the quotes providers and for the software, and for slots for the supply of games and software.

And those charge you way more, Betradar was known to practice even 30% of profits when it had almost a complete monopoly and could hammer small sportsbooks into submission, then there is the extra charge of offering a live feed, spinning slots is free, a live broadcast is not.
The whole problem arises from the number of intermediaries you have to deal, with, slots you use pragmatic, and they deal with licenses, with sports you have to go one by one, and then end up in a situation where you have to pay a dozen licenses for everything. One of the main reasons some sites don't offer horse racing for example or why even sites like bc game don't offer British but Irish racing much to my annoyance.

[LUCKMCFLY]

I agree that slots and similar gambling are poison. If a person is caught in the pleasure of mindlessly pressing one button, then he will quickly lose his money 

That is very true, we as players must have a unique control so that we do not get Carried Away , the bad thing about this is that it is money that is lost, nothing more , but it is money that we need for Absolutely everything , personally between sports betting and the fees that the casinos must pay and the slots I think that both things should be equivalent in price to pay for the casino.

[Su-asa]

Casinos want much money from the losing gamblers. But that doesn't stop gamblers from increasing their bet and reaching the wagering requirement. I don't know why they don't do that on sports betting but perhaps, they think that they can get a lot of money from slots or other casino games. We can just speculate about that without knowing the truth so if you still want to know, you can ask all casinos

I actually think that there are more casino games lover than sport bettors, but let's not talk about that anyway. However casino games can't be predictable and that's the reason why wagering context is always on casino games and not sport games. On the other hand it seems that casino games don't take much time than sport games that normally take a lot of time for a single round to round up. But the other thing is that the house always want to be on profits so they know how to do it best in a way that they won't be at loss.

[AmoreJaz]

Casinos want much money from the losing gamblers. But that doesn't stop gamblers from increasing their bet and reaching the wagering requirement. I don't know why they don't do that on sports betting but perhaps, they think that they can get a lot of money from slots or other casino games. We can just speculate about that without knowing the truth so if you still want to know, you can ask all casinos

I actually think that there are more casino games lover than sport bettors, but let's not talk about that anyway. However casino games can't be predictable and that's the reason why wagering context is always on casino games and not sport games. On the other hand it seems that casino games don't take much time than sport games that normally take a lot of time for a single round to round up. But the other thing is that the house always want to be on profits so they know how to do it best in a way that they won't be at loss.

As we put it this way, casino games are fast paced where you can start and end basically at any time. Whereas, in sportsbetting, there is certain schedule that you need to follow. So I would say, the management is quite easy. Also, of course, the casino has their upper hand on this as they have higher house edge. The more players participating on this event, the better for their income. Very rare that I've seen a bookie which is running a wagering contest in their sportsbetting section. Usually, it is more on casino classics and sometimes there are also certain games included in such contest.

[Bitcoin Smith]

Why is it that wagering contests are usually on games with a house edge and not on sports betting?

I’ve seen a few contests where you need to reach a certain wager amount to qualify, and sometimes the player with the highest total wagers wins by the end of a set date and time. But it’s almost always on slots or other casino games with a house edge, not on sports. Any reason why that’s the case?

Because it is easier to manipulate the winner by just keep betting on a game with lowest odd and huge wager and they can just keep repeating it until they win but in casino game the house got the edge so the player can't ensure profitable in long term which makes sense from business point of view. And sport betting wager not just add to the wagering contest but it also doesn't add upto the ranking and in some casino certain games are even doesn't count for vip rank.