Why is it that wagering contests are usually on games with a house edge and not on sports betting?
I’ve seen a few contests where you need to reach a certain wager amount to qualify, and sometimes the player with the highest total wagers wins by the end of a set date and time. But it’s almost always on slots or other casino games with a house edge, not on sports. Any reason why that’s the case?
That is because slots are the most played game for a casino. People love spending time on playing games with an instant result much different than other games, even poker for me would be a great way to run those contests like making it with rounds, like you start with a sit n go and you have some scheduled tournaments with players knocking each out other until some persons reach the top. Again this is not very much profit for the casino operator running such contests and that is why most such contests run on slots, they provide a whole lot more profit for the casino operator compared to running such contests in other games, plus in the slots even if someone gets lucky winning a lot the majority will lose a lot so in this case there is guaranteed profit for the casino operator.