How do players make money on tournaments? I show you by the example of crypto casino Duel
Hello everyone, we all know that in casinos a player inevitably loses on the distance. However, today we will consider an example of a conditional «abuza», where players due to math and risk calculation, can stay in the pluses.
In the screenshot you see an example of a player who has remained «in the pluses» on Duel crypto casino since September, at high turnover. How and why does this happen? Let's get to the bottom of it.
Why is the player on the plus side?
- At the expense of 50% rakeback. This allows for good hedging of risks.
- Through consistent first places in daily, weekly and monthly tournaments.
Let's look at specific numbers as an example.
Daily Tournament:
- 1st place award: 25,000$
- Player turnover: 1,573,180$
- In order to make such a turnover is enough to deposit 150k$. Playing a low-latency slot with an RTP of 96% (plus 2% adds rakeback), a player with a deposit turnover of x10 loses:
(150.000*10)*2%=30,000$
It would seem, well in the minus should be every day on 5k$. But no. Let's move on.
Weekly Tournament:
- 1st place award: 250,000$
- Player's turnover: 1,573,180$ (i.e., in 24 hours he outperformed everyone who played for a week)
- Math: already in the pluses on 245k$
That is, it is enough to play only in the last 24 hours. But that's not all.
Monthly Tournament:
- 1st place award: 2,500,000%
- Player turnover (as of now): 87,938,796$. Comes with a big lead and probably won't do much more.
Math: 88,000,000 *2% (I'll round up for convenience) = 1,760,000$ loss. But a net gain of 740k$.
Bottom line:
980$ (on weekly tournaments) + 740k$ (on monthly) = 1 720 000$ per month to his pocket. As if normal earnings from playing slots.
❓Why it happens.
- You should always evaluate the competitiveness within tournaments. On the Igaming market nowadays there are quite a lot of clever mathematical players with big budgets, who take prise pools in a similar way. This is the usual farming and risk assessment. How to evaluate you should have already understood by the above described.
- It is best to do not just the amount of bets, but to award points for the amount of bets depending on the RTP and volatility.
- Analyze the game volumes of your tops, their activity and correlate it with the price pool for the first places. So that the math is always negative.