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?
It’s because casino games like slots have a built-in house edge, so the casino always makes money in the long run, even during contests. With sports betting, outcomes are less predictable and skilled bettors could actually win long term, which is riskier for the house. Also, slots let you place tons of bets quickly, which fits better with “highest wager” contests.