From what I understand it seems like some kind of legit pyramid scheme type gambling. Basically the one who deposits the most BTC wins the entire pot correct?
So eventually it will keep growing and growing and obviously the gamblers with the most BTC will win since they are the only ones who can take that risk. Not really worth it for the small gamblers.
Not a pyramid scheme. From what I gather, you get an address, and than deposit. Someone else does the same, and you two get matched together. The person with the highest deposit gets the person they were matched with's deposit minus 2% and their own deposit back.
Example:
Alice deposits 1 BTC. Bob later deposits 0.01 BTC. Since Alice's bet is bigger, Alice gets 1.0098 BTC back.