It should get you into something profitable after sonetime. The buyback price is relying on the profit of the site afterall
It's also more or less a hedge against Bitcoin price drops, as BetKing's buyback price is set in dollars. Bitcoin's recent price surge does the opposite: it pushes altcoins down, and (in Bitcoin) gamblers wager less.
I didn't think of that but sure there is a significant wager amount if we look at it in bitcoin wager. Though the dollar value is almost the same in almost all known sites.