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?
I may not have the correct or accurate answer, but this is looking pretty clear that the casino is benefiting more from their slots and games more than what they get from Sportsbooks. Most casinos are built without a personal sportsbook since it is really hard to manage, we know it’s an integrated system as we always see the same template in several casinos.
Probably they are getting a tight percentage of winnings from their providers, while they get more from slot providers and original games. That’s my 5 cents and I might be wrong.