What's up with DS participating in this? We can still share the prizes if we hold out until the last day lol and 5mbtc is around $240 at the current rate so its kinda expensive, perhaps we might have less players compared with the last one. Well I'll opt-in this contest and check if it is worth to continue until the last day for atleast the first 15 days.
Apparently, some of us have misunderstood something, since in my understanding you have to place a bet of 5 mBTC every day for at least 70 days. As a result, there is a 50% chance of losing your bet, and if you are such an unlucky guy like me, you will have to lose 5 mBTC every day. That is why I said that it is desirable to have 0.5 bitcoin on the account, since 5 mBTC * 70 = 350
(+ 150 mBTC if the competition continues). And judging by the fact that the final date of December 31, the final amount will be even greater.
I would say that if you keep on gambling that much, eventually you will of course end up losing, but that's not really the big important part, as long as you believe that you could win the whole deal than you should definitely end up testing it out, and of course if you have the money for it as well.
Sometimes you end up losing just the bet and end up winning the competition and most people who join this one should be like that as well, do not consider about what you may lose along the way, focus on what you could win in the future. I would say that gambling this much could be too high for some people and the best bet is to not wager at all if you do not have the money for it, after all why should you lose all that money when you are already broke just to have a chance of bigger? If you can't win the bigger then you will just be losing, so start with big amount if you can afford to.