bitcointalk exclusive slot multiplier contest with decent prizepool but the

[xLays]

Just want to ask your opinion. Please answer the poll also.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?
Like for example if the target number of participants is 100 or wager volume total (all participants) $1,000,000 min. requirements set by the casino are not achieved, the contest might not push through.
Would you still join despite that risk? Or would you prefer guaranteed smaller prizepool instead.

[Mahiyammahi]

There was a recent Wagering Contest recently from earnbet managed by LM , maybe no one qualified as a valid contestants. The rule was $3k minimum wager to qualified. Since it was a $3k min Wagering requirements I myself thought that there's enough extended time which was my mistake. 

If you're representing a casino and wants to bring something like this , why not start a bit smaller to check the community response. Thanks to Earnbet contestants has increased in slot multiplier cause their continous multiplier contest host.

I'm suggesting to narrow the Prize pool to $1k and then $10k for a test drive well if casino agrees.

[Faizan Zen]

Just want to ask your opinion. Please answer the poll also.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?
Like for example if the target number of participants is 100 or wager volume total (all participants) $1,000,000 min. requirements set by the casino are not achieved, the contest might not push through.
Would you still join despite that risk? Or would you prefer guaranteed smaller prizepool instead.

Of course, it depends on my bankroll. Chasing a high multiplier isn't easy and requires a lot of money. I'm pretty sure that if there really was a $100,000 prize, the minimum bet would be high. For example, consider a $5 minimum bet and a 1,000x minimum multiplier, with a minimum of 50 participants. That's a difficult condition to achieve.

Furthermore, if someone already has a 1,000x multiplier, other participants will be hesitant to participate. So I think a 100,000 prize doesn't make sense. A smaller prize with a small minimum bet is still reasonable.

[Alphakilo]

Just want to ask your opinion. Please answer the poll also.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?
Like for example if the target number of participants is 100 or wager volume total (all participants) $1,000,000 min. requirements set by the casino are not achieved, the contest might not push through.
Would you still join despite that risk? Or would you prefer guaranteed smaller prizepool instead.

It's a personal choice for me or for a gambler who has the funds to spare and has a distinct style of play.
I would personally prefer if it is transparent enough and with a guaranteed pool of about $10k instead of $100k that looks too good to be true.
Although, if the casino hosting such an event provides a real time tracker and those who have come onboard is at $800k with an original volume goal of about $1m and if there's like a week left with no signs of such a multiplier contest being cancelled, I can join also, but like i said, it depends on how my bankroll looks like or if i have enough funds i am willing to lose.
I would prefer a smaller prize pool.

[rdluffy]

I believe that a promotion or contest is better if it has a smaller prize, but with a guarantee that it will be distributed regardless of the total wagering or number of users

Participating in a contest and not activating the prize because the total amount or the total number of users is missing is very frustrating
This is my opinion

[iv4n]

There was a recent Wagering Contest recently from earnbet managed by LM , maybe no one qualified as a valid contestants. The rule was $3k minimum wager to qualified.

I won that one!  

I don't wish to get into details, it's a long story... but the top 3 prizes were paid, and I won the first prize. If you wish to know more, you need to check the EarnBet ANN thread more carefully.

By the way, that contest didn't have "special conditions". We just had to wager +$3k, and that's it... We are in! Who wagers more will win the prize... You could be participating with only a $3001 wager and win the contest. But with a "special condition" like a minimum of 3 participants, even if you complete wagering requirements, it will mean nothing if nobody else joins.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?

No...  

Or to be honest, probably no.... I want to see all conditions before I make a decision. I participated in so many Bitcointalk events, so I know what to expect. But still, I am ready to give it a try if the "conditions" are OK... at least ok with my standards.

As always, if I am in a good mood and I like what I see, I will give it a try...  

[EluguHcman]

Hmm... This is very tricky but I am sure similar events had been hosted and participants felt all efforts were wasted because the required tasks were not met due to high demands.
So in this case if you asks me as I would reference from past experience, I would prefer a lower volume if only that would grant an option to keep the event uncompromising.

But in the case where my bankroll is enough to chest it, I might probably think twice to head it but when the prize seems to be designated to lure participants, I will rather skip it.
I naturally don't like to ruin my times by myself out of ignorant where I am not up to 99% convinced even though it is not true as I expected but I prefer to satisfy my conscience.

[xLays]

If you're representing a casino and wants to bring something like this , why not start a bit smaller to check the community response. Thanks to Earnbet contestants has increased in slot multiplier cause their continous multiplier contest host. 

Like the example you provided, that doesn’t look like what most casinos want to happen. The prize pools that were most done here on bitcointalk are very far from my example of 100K USD. That’s why I gave that example, because I already know the result of small prizepools.
Man I used to be very active in slot multiplier contests in games and rounds. I was even the one collecting data for those contests.

Also, maybe one reason why the casino wants to host it here on bitcointalk with that prizepool is transparency. Many players doubt contests like this in their site because they think results can be manipulated. On top of that, onsite whales usually have an advantage because of their bankroll. Here on bitcointalk, there can still be whales, but at least you know who the user is.

[Alex077]

 Because just by seeing a big prize pool in the advertisement, there is no guarantee that you will get the prize. I have seen many gaming platform clearly state in advance that if there are not enough user or there is any legal problem they have the right to cancel the contest. That does not mean that I will not play if this happen! I have seen that betting on prize pools with big condition is more profitable, so in my case, I have no problem taking small risk in these pool. And in the case of other, before investing time and money, understand the strict rule of the campaign, deadline and what will happen if the target is missed, thats all.

[Mia Chloe]

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?

Well I don't know about others but personally I don't like to push my luck too much. A barely participate in any of these wager contests and even sports predictions and stuff because most of the time I always turn out unlucky. Nevertheless based off your question I'll pick no.

But then again you never can tell how it would turn out so if participants are willing to let go of their entry funds easily then it could be a yes for them but as for pushing luck I barely do.

[DubemIfedigbo001]

Just want to ask your opinion. Please answer the poll also.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?

So if it doesn't end up happening and the casino decided to cancel it, what would be the compensation for those that already qualified for the contest?
It would be unfair that they spent money to qualify and they were just let go empty handed. Myself would not proceed with the wagering to qualify if I see that there's a possibility of it resulting in wasted efforts.

[Oluwa-btc]

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?
Would you still join despite that risk? Or would you prefer guaranteed smaller prizepool instead.

The money it's quite huge to spend for just a contest that you ain't sure of the outcome honestly, and if you ask me I'll say it's not a big deal to participate in the contest provided you wager with the amount that'll be suitable for getting results. Often times some gamblers are being triggered by the requirements and the risks involved but they still opt in giving a try.

[un_rank]

Without any sort of compensation for those who joined if it gets cancelled, I will not be joining in.

I would assume other players will not join in with no guarantee of making anything. Other players may be thinking the same way and even if they join they will hesitate to go all in and throw money at it all of which they can lose and get no prize reward.

If the casino is not assured putting that reward amount, reduce it to $5000 and check the responses tou get. If you run a couple of this you can decide if to increase the reward or reduce it.

- Jay -

[Agbamoni]

A million-dollar contest target, and a 100k prize for the winners. The casino is obviously making more than 500k from the participant who will lose. Smart strategy for them to make a huge profit while they give some share of the profit to the winners.

Honestly, I wont be participating in a contest that if the target is not met, ill be regreting why i participated. There should be compensation for those who participate if the target is not met. Like a 50% of their loss returned in freebet or free spins.

[Patikno]

Just want to ask your opinion. Please answer the poll also.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?
Like for example if the target number of participants is 100 or wager volume total (all participants) $1,000,000 min. requirements set by the casino are not achieved, the contest might not push through.
Would you still join despite that risk? Or would you prefer guaranteed smaller prizepool instead.

If the problem is the number of participants, then I think this can be addressed by relaxing the time limit for the event, including the registration time limit.

I mean, shouldn't we ensure the number of participants in advance by opening registration within a specified timeframe? By that way, the risk of cancellations due to the number of participants won't occur. Furthermore, I think very high wager requirements will be too much for users to try their luck. Then, perhaps a normal wager requirement could attract more users to participate and reduce the risk of event cancellation. Just addition from me, I often see discussions, and many users set relatively low gambling budgets, so I suspect that is why slot multiplier events or contests sometimes seem to have few participants. Just my opinion, and I could be wrong, because I don't really know how the deal behind the contest works.

[salad daging]

So if it doesn't end up happening and the casino decided to cancel it, what would be the compensation for those that already qualified for the contest?
It would be unfair that they spent money to qualify and they were just let go empty handed. Myself would not proceed with the wagering to qualify if I see that there's a possibility of it resulting in wasted efforts.

Maybe the casino will not compensate because the target is to reach a wager of $1,000,000 which means the participants have seen the rules clearly, unless the casino adds more rules where they say: If we do not reach the wager volume of $1,000,000 there is no compensation.

This is obviously unfair if there is no compensation because they have already spent a lot of money, while personal opinion will not participate in this contest because it will only waste money.

[rbynxx]

A million-dollar contest target, and a 100k prize for the winners. The casino is obviously making more than 500k from the participant who will lose. Smart strategy for them to make a huge profit while they give some share of the profit to the winners.

Honestly, I wont be participating in a contest that if the target is not met, ill be regreting why i participated. There should be compensation for those who participate if the target is not met. Like a 50% of their loss returned in freebet or free spins.

It's might be their requirement and probably huge if we take a look at it but it's only a wagered amount it doesn't mean they'll get that amount eventually, the winnings of every individuals from that amount should also be slashed. Moreover, it's still a huge win for casinos I guess, they may get that wagered amount regardless plus they'll be advertised by forum users. It's definitely for the whales kind of contests. I don't think the casino will do that, they'll probably have other rules/rewards for the winners and achievers. A 50% refund to every contestants will probably not be attainable, casinos will get profit as much as they can.

[vanesha]

Taking part in a contest in gambling is a big challenge, the bigger the contest prize, the more difficult it is & the more risky it is, from my observation, I would be better off choosing a contest that really makes sense, even though the prize amount is small, at least the hope of being a winner has a high chance.

[cryptomaniac_xxx]

Just want to ask your opinion. Please answer the poll also.

Are you guys willing to join bitcointalk exclusive slot multiplier contest with like $100,000 prizepool, knowing that there’s possibility it could be cancelled if the sponsoring casino’s required conditions are not met?
Like for example if the target number of participants is 100 or wager volume total (all participants) $1,000,000 min. requirements set by the casino are not achieved, the contest might not push through.
Would you still join despite that risk? Or would you prefer guaranteed smaller prizepool instead.

No, not willing to join that kind of contest if there is a risk of a disadvantage to the players. It should be the casinos responsibility to cover everything if like in your example. They are the proponent of the contest in the first place, so they should be ready for anything including that kind of scenario and again, the money should be there if their conditions are not met.

And although gamblers take risk, but if there is like this kind of conditions, we are smart enough to back out because the reward might be in jeopardy and we will just wasting our money without any rewards.

[Potato Chips]

I prefer small guaranteed prizepool because I like it guaranteed. Imagine if you won, and contest did not make it, it would create some salt.

TBH, slots are already risky, so adding such conditions would double the risk. Perhaps, if the goal was attainable it would be more palatable to folks? though of course, there is still that additional risk, thus could hinder bitcointalk folks. In your example, 100 participants and/or $1M total wager would be pretty difficult.

Perhaps the team could do milestone goals? For instance, you could setup 5 milestones and the prize pool could increase as players hit higher milestone. The contest will start with a small guaranteed prize pool. It can be a good middle ground approach 

PS - I can't vote though.