Re: Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread)
@Omikifuse thanks we will use that one for the monthly prize
Betwrong So you would just like to focus on Daily Prizes?
Well I understand that could work for the reasons you've mentioned, but I think we can't really forget the long term as well, since betting is all about that. We try to have something for all, and that's why we have really short term prizes (like the Daily Challenges), and then we have Weekly prizes, so that users can have a fresh start every week, and then that extra bonus, for those that did really well during the month.
If you look at our prize distribution, we are spending more on Daily Prizes, than we are on monthly prizes. For example, Bolt Brownie won 11 daily Challenges for a total of $110. He also managed to get $55 from weekly prizes, but he clearly went for the Daily Challenges, so we are already offering some fast prizes for our participants.
Right now we have something for short term, middle term and long term, where our main focus is obviously the middle term, since we put most of our prizes on our Weekly Competitions (A total of $1480 per month).
We can reduce or even remove Monthly prizes and put a little more on Daily Prizes, but I think that would remove a lot of the fun, since it would make things easier, and I guess that bettors should be rewarded for an entire month of good bets.
If most of our users want that, we can try to change the prize distribution, so let us know what you prefer.
Betwrong So you would just like to focus on Daily Prizes?
Well I understand that could work for the reasons you've mentioned, but I think we can't really forget the long term as well, since betting is all about that. We try to have something for all, and that's why we have really short term prizes (like the Daily Challenges), and then we have Weekly prizes, so that users can have a fresh start every week, and then that extra bonus, for those that did really well during the month.
If you look at our prize distribution, we are spending more on Daily Prizes, than we are on monthly prizes. For example, Bolt Brownie won 11 daily Challenges for a total of $110. He also managed to get $55 from weekly prizes, but he clearly went for the Daily Challenges, so we are already offering some fast prizes for our participants.
Right now we have something for short term, middle term and long term, where our main focus is obviously the middle term, since we put most of our prizes on our Weekly Competitions (A total of $1480 per month).
We can reduce or even remove Monthly prizes and put a little more on Daily Prizes, but I think that would remove a lot of the fun, since it would make things easier, and I guess that bettors should be rewarded for an entire month of good bets.
If most of our users want that, we can try to change the prize distribution, so let us know what you prefer.
I absolutely agree with this. I've just registered for the new competition, hope I'll be more lucky next time.
I have a question about the minimum bet. As far as I understand, it should be not less than 10% of your balance. So, if my balance is 32,000 sats should my minimum bet be 3,200 sats or should it be 7,000 or 8,000 sats? Asking because I thought that min bet was 8k sats, but I saw in the Leaderboard that for some participants it was 7k sats or maybe even less than that.