November 12th, 2010 | Published in Gambling Games
A common trend at online gaming sites is to earn a promotional bonus through wagering competitions. The amount of money wagered during a specific period of time is tracked so the players with the most amount of money wagered will win the largest share of the prize pool. As a result, many new players are tempted to enter but they must realize there is no guarantee they will place in the shared prize.
The point of joining a casino is to wager (and hopefully win) money. These bets can be placed on games part of a promotion or not. Those games that are part of the promotion tend to become populated quickly. However, it is best not to wager in these competitions blindly as there are always guidelines when placing bets. These typically include:
- Fixed bankroll
- Wager the amount set aside for the promotion
- Enter competitions you are interested in
First, when playing on a fixed bankroll it helps to diminish the situation of problem gambling. There is usually a minimum amount of money that must be bet for the prize pool to be dispersed. Second, wager the amount of money put aside from the specific wagering competition and then stop once depleted. To be successful, do not look at the leader board, and bet additional amounts simply to be added to the prize pool.
Finally, it is important for you to only enter wagering competitions in games that is only appealing to you. For instance, if a player decides to only bet on specific games due to lower house edges, it does not make sense to play a game with a higher house percentage because of a wagering competition. However, if the player enjoys the game with a high house edge, then they should continue to play in their comfort-zone.
When a player selects a game they do not know how to play or they do not enjoy to simply be eligible for a wagering competition, this will become a burden on them and greatly effect the way they play the game.
Wagering competitions can be an exciting addition to gambling at online gaming sites. As more sites add this feature, the result will be a huge increase in new players due to the chance of winning additional money. Wagering competitions produce a great buzz at online gaming sites by continuing to improve the overall player experience and add innovation to a highly competitive industry.