Wagering contest question.

[DPHOR]

The goal of the casino is to make money right? They can't do that if they just give away all the profits, that's why a wager contest is done on games with a house edge. This way contests almost always pay for themselves. If you have the bankroll and know games that squirt a juicer often, the contest can become break even or profitable for you. Break even on your play and winning a prize as profit is the goal for the player.

That is reason they don't includes sports betting?
So doesn't it mean that sport betting or sports games are more easily to be breaking into? For long I haven't came across gambling site that host any contest in sport because sport could be that possible for contestant to manipulate over because seems to be that simple and brings more winning that regular than casino games. But come to think of it, don't you think that most of the gambling site that hosts contest are also gambling with the contestant? Where they fixed a specific amount to won and let people go in with requirements knowing too well that winning is not that possible and they go away with those who loses?

[Russlenat]

If they allow sports betting people can hedge their bets on a different cassino to always win and game the contest.

It doesn’t really matter as long as it’s not the same casino. And about hedging, even if gamblers do it, they’re paying around 10% juice for betting both sides, so they’re already losing that 10% off the top. I think the reason casinos don’t usually include sports bets in these contests is that they’re not making big profits there; they’re just collecting the juice. With slots and similar games, they can maximize profits, which gives them room to offer huge prizes for the competition.

[Cointxz]

If they allow sports betting people can hedge their bets on a different cassino to always win and game the contest.

This is arbitrage betting you are suggesting which is not allowed by most casino.

Also there’s a wrong misconception on this thread for assuming sportsbook doesn’t have house edge since it has HE that varies depending on the bookies.

Anyway most wagering contest not necessarily required to play on slot or other casino games, it’s just the perfect game for this game due to its fast phase game that can quickly earn wager.

[iv4n]

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?

Wagring contests may or may not include specific games, or they can be a general wagering contest (all games included). There are "special" contests like slot wars, in-house wars, and there are sports betting promotions... By the way, there are slot multiplier contests, both the highest one and on points (for every win over x50 (just for example) you get certain points), and I am sure there are some other contests with different setups.

When it comes to wagering in general, it's hard to wager a lot on sports betting... or at least it's hard if you are not a whale. While with some luck-based games you can wager a lot with a small amount and some luck.

[dimonstration]

If they allow sports betting people can hedge their bets on a different cassino to always win and game the contest.

It doesn’t really matter as long as it’s not the same casino. And about hedging, even if gamblers do it, they’re paying around 10% juice for betting both sides, so they’re already losing that 10% off the top. I think the reason casinos don’t usually include sports bets in these contests is that they’re not making big profits there; they’re just collecting the juice. With slots and similar games, they can maximize profits, which gives them room to offer huge prizes for the competition.

In addition to this, despite slot games has lower house edge than the typical house edge of sports betting, Slot games offer quick game and even turbo mode which means casino can gain house edge quickly per spin that’s why it’s the ultimate money drainer on the casino.

You can’t do that kind of quick betting on sportsbook that’s why the contest always use slot that offers good house edge and quick game in advantage for the casino to recover their spending on the rewards.

[Strongkored]

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 casino games are quicker to increase wagers and take less time, they're also more exciting than sports betting.
Sports betting requires time to analyze, and bettors typically watch the game, so it takes longer.
However, I believe the reason is because casino games are more popular than sports betting. When contests are held, more people participate, resulting in greater profits for the casino.

[YOSHIE]

not on sports. Any reason why that’s the case?

You should first understand the meaning of the word "contest" itself, if you understand you will know why sports bets cannot be made as a contest.

In short, the contest is often colored with competition or competition, assessment criteria and so on or something activities are taken from the criteria, competition or the ability of participants in the contest itself, of course the final results of the contest are taken from the best.

For that online casino often uses contests in slot games, in slot games there are doubles or the highest or best blows during games such as 200x 100x and so on, whereas in sports betting you cannot double or hit, you are only placed to bet 1x2.

Sports contests can be done specifically at the event or the best competition team and record, in gambling betting cannot, because you don't play like slots, sports betting you cannot compete or create victory, abilities, competition such as slots.

[panjul07]

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'm not sure but as far as I know, all games are usually counted for wagering contest including sports betting.
Do you know wagering contest that exclude sports betting? Or are you trying to find wagering contest for sports betting only?
In general, wagering contest is all about wagering no matter what kind of games you are playing and it will be a bit strange if there are casinos with wagering contest that count few specific games only.

[Proty]

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?

This is a very good observation. I believe the ultimate reason reason is this casino games with house edge gives players long term profits, regardless of how huge the game maybe.when it comes to sports betting, the result is not that predictable and bettors that are skilled will easily beat the book , making the platform to be more riskier.
Slots and RNG games appears to be more faster than sports games . In sports games one will definitely have to wait for the matches to end.
In edge house game it is easier to win rake when compared with sports betting that is the reason why they use edge house games for contest.

[o48o]

not on sports. Any reason why that’s the case?

You should first understand the meaning of the word "contest" itself, if you understand you will know why sports bets cannot be made as a contest.

In short, the contest is often colored with competition or competition, assessment criteria and so on or something activities are taken from the criteria, competition or the ability of participants in the contest itself, of course the final results of the contest are taken from the best.

For that online casino often uses contests in slot games, in slot games there are doubles or the highest or best blows during games such as 200x 100x and so on, whereas in sports betting you cannot double or hit, you are only placed to bet 1x2.

Sports contests can be done specifically at the event or the best competition team and record, in gambling betting cannot, because you don't play like slots, sports betting you cannot compete or create victory, abilities, competition such as slots.

I don't honestly understand you at all. You can create huge multipliers with multi bets in sports, and you can definitely compete on how much people would make with them.

And how would house games tell more of your "abilities", when they are mathematically favoring the house anyway. Just like in sports odds favor the bookie. Hitting a specific odds or wagering volume doesn't tell anything about your abilities in neither one, house games or sports.

But reason is obvious: With a house edge, casinos just make more money.

[₿itcoin]

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?

The cause for betting competition often remains on slots and casino plays is easy maths. Casinos earn more as the total wager rises and all the gratitude goes to house edges. Sport gambling can't guarantee you steady revenue since the risk is more equal on both sides with odd makers use vigorish not built in margin, so competitions fall short on dependently "paying for themselves". if you desire value find low-end games and play to come out even and win prizes as gain, casino promos are made for that, sport wagering is not.

[len01]

When a casino offers a prize in a certain contest, it's clear that the casino also wants to gain something in return for the money given as a reward. I mean, no casino actually wants to lose money, they obviously aim for mutual benefit when offering prizes. But users are required to place bets on slot games that have low chance of winning. A scenario like this shouldn't be a public secret anymore, and I'm sure everyone knows that no casino wants to operate at a loss.

That's why Stake holds several contests directly on its platform, such as slot multiplier events and a few others, including free roll poker contests. And in the case of free rolls, it's actually more favorable for the gambler because there's no need to spend anything for a buy in, it’s completely free.

[Dunamisx]

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

That is the best approach they have seen for this, if you play bet that is more of luck, then they try to subject you to a particular wagering requirements to have fulfilled before withdrawal or so, this is done base on my reasons best known to the operators, but as i know, house edge games and bound with opportunities and you stand a chance to win without boarders, while on sport games, you ability speak in playing bets, theirs is odds determinant mostly.

[Josefjix]

Sport betting takes time for a player to receive the outcome, imagine participants waste so much time trying place bets that would kick start the day the contest is ending, how do you think the casino platform would generate their money. They going to loose in it big time and a man such, the potential winner will wager little amount of money and win bigger amount of money.

Also, contest on slot and the rest casino based games needs a competitive changes on the leaderboard, shows there is competition going on, players fighting one another to evict others, that's the beauty of the game, instant predictions, Instant results.

[$crypto$]

Isn't it just because the house edge is more profitable for the bookmaker?

Every roll has a win that players expect, so they will continue to increase their bets in the contest in order to win, and indeed slot games are more addictive than sportsbooks.

Casinos rarely hold sportsbook contests, either because there is little interest or because the casino's profits are clearly small and rare.

[Su-asa]

Sport games takes too much time to end and another thing I think is that the sport games can be predictable. Because it's predictable, some particular person's will always be winning. However, despite the fact that a gambler needs luck to win, your predictions can also bring luck closer to you.

[mcdouglasx]

Casinos are a business like any other, so the events held by said business will be influenced by the need to promote their own games, attract more customers, and get them to participate more. If you're a regular player, you'll benefit from such events if you're lucky. Sports betting isn't a casino-specific event; it's a foreign event, so it doesn't make sense for a casino to hold them for marketing purposes.

[Obim34]

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?

What is the percentage of you against the house in slot and you in sports betting. Slots in a casino are far higher having a 50/50 chance of them winning against you, you just have minimum luck to succeed with the wager and still have huge profits on top except hitting a huge multiplier that happen slightly.

In sports betting, $10 deposit on X10 is $100 while in slots, raising $10 to $100 what is the chances, the casino looks at the difficulty because it has to favor them.

[SATWAT]

Main task is increasing their income which is easily possible through games with house edge specially slot and dice are had more chances of getting money just because of this I always watch them having wagering contest on these games.

Sports betting is always slow in bringing profit with chances are also not good to go through even few casinos added their wagering in contests also but still they prefer games with house edge which attract more members and bring more profit Usually wagering contest also have enough funds for staying in which give better option to members as well few games are always helpful for members to keep them at the top.

[rachael9385]

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?

That's because they know that if gamblers bet on sports they would have more chances of winning and this games doesn't give the casino enough Profit. It's easy for gamblers to lose a huge amount of money when playing casino games, sports betting on the other hand is kinda slow, after placing a bet it's possible to wait for several hours before knowing the outcome of the game. Casinos are after making quick income