Honestly telling, the wagering competitions do little good for medium and small players( who later on attract whales).
I strongly disagree, there's wagering contest on
all coins offered at CG. Yes, the BTC and ETH contests are dominated by players with a big bankroll and if you're on a budget, competing might get hard.
But if you go away from the two (maybe three) big coins and playerbases, the contests become interesting even to small regular players.
Across the site and coins, imho there's options for everyone to compete on a leaderboard they have realistic chances on.
This is because all the prize money is taken by people who have big balance and the amount of prize money you give to them is so little as compared to their present balance that they might not even realize that something has been added to their accounts.
How would you even know that? Have you won one of the wagering contests in the past? Have you talked to the players that did?
If not, I'd encourage you to pop into the site chat and talk to one of the VIP players (those are the winners of past wagering contests) about their experiences and wheter or not they are satisfied with the way the rewards work.
Maybe you've seen 164
BTC wagered and an expected reward of 0.36~
BTC and concluded that under one Bitcoin is tiny compared to 164.
But that's combined, total monthly wagers, not the balance the player has at any point. At a combined maximum of a little short of $60k (around 9
BTC right now), the prizes are nothing to scoff at, I'd say.
If we look at the percentages, the wagering contest gives you up to 0.22% of your monthly wagers back. The house edge on the lowest house edge game (ignoring the 0HE lottery) is 0.8% at Dice.
To a dice player, that means winning the monthly wagering contest, they get more than 25% of their
expected loses back (their -EV here being the house edge they play against).
This is of course ignoring variance and other factors that might change their profit, but a potential 25% loss back is a decent offer in my book.
You can like or dislike the wagering contests, I'm sure there's many players supporting your point of view,
as I am sure there are equally as many people supporting the view I've just outlined above.
And if you insist on disliking it, there's two options I'd say that are available to you.
The first one is to give constructive criticism. Don't just say "its bad, the rewards are too low, I can't compete".
Give your idea on how to improve it. Make a suggestion about what to change. Maybe others support your draft, maybe it can be implemented.
The second one, and this is also a perfectly fine way of approaching the wagering contests, is ignoring them.
Use the site without paying attention to the wagering board, don't try to rank high, play the way you wanna play.
Because CG has imho much to offer even if you do not compete in the contests. And there's ways to have fun gambling without ranking first on a leaderboard and getting a big additional reward.
