Even if you double it after loss, it does not really add up to when you are in losing streak. The recovery is take really slow, unless you are betting 10x or 100x when it is loss then you can recover some amount here plus the wager. But of course this strategy does not really reliable from the start because it sure does have some tiny hole that fits for house edgr which is hard for you to profit in the long term. But for wagering contest this strategy might be used to do some numbers

Congratulations to all the winners.
finity made it to the 3rd place in the last minutes and didn't see him coming maybe because High Rollers doesn' display bets in real time!

you have to bet more than 100x not 10x to recover your losses when you are making 1.01 bets.

If we use martingale x10000% on lose will gain us our losses in 1 roll but it is extremely risky because it will easily eat up your balance.  I experimented on this one with 100k satoshi rolling with 10 sats bet.  on lose it will multiply it by 100x and with that if I lose 3 times straight all my bankroll will be reduced to dusts.  It is interesting that it took me more than half a day before that 3 straight losses to kick in.


True! Whether using a multiplier to cope up with the needed win or normal martingale will  definitely make your bankroll depleted faster.

You need to win 100x of your bet amount if you lose on 1.01x to recover it or you have to get a 100x winning streak on the same payout. It is possible but the chance is very low to have 100 winning streak on 1.01x, you can even get several loses in 100 rolls as every single bet is independent even worst you can get losing streak on 1.01x which make it harder to recover.
If the main idea is to have more wager, I think you should have mixed strategy instead of using 1.01x all the time. Example, change the payout to 2x after lose in a hope to recover the lose in single bet. Of course it is risky but if you have enough money then I think it is better than using 1.01 all the time.

To return 1% I have to play 100 times with little risk, but 1% of these 100 times is rightfully owned by the site (house edge), so it’s better not to return the loss; it’s better to come up with something more effective, as you noticed the alternation of strategies should help after losing the game with small risk, but the subsequent game is a priori will be even more risky. It turns out that I have to rely on luck more and more.

The interesting part of the competition is that, 1000 dollars is given every single day, which means 30 thousand dollars per month.

Considering just the top 10 is around 10 btc which would have an average of 0.1 loss (%1 house edge) that is around 900 dollars or so, maybe a bit more with change, so the top 10 is not making the website a profit with expected loss, sure some may lose more than they should but some may win instead of losing as well, I am just talking about the average and top 10 is a loss for the website, the rest should be bringing the profits.

Having thousands of dollars in net loss for this competition is both risky since they will have to pay and if people lose more than they should then website is not "profiting" they are setting aside the money for future people who would win more than they should, its risky but looks like a good marketing.

You don't have to bet 100x to make it back, the odds are you can bet 50x of the initial bet and still be ahead of the curve after a loss, normally you should be losing once every 100 bets and even if you have like 5 in 300 if you just 50x after each loss you are doing fine. People still try to find a method that makes them money, this is not that method, as long as there is a house edge there is absolutely no method that can make you money.

Yet, if you try this method at least you can make a decent return. You can bet 10k satoshi each time on 1.01 and when you lose you can do 50k or even 100k if you can afford and that means it will take longer. Sure you can lose money in the end but it is a good method to gamble for a long long time, sometimes it takes DAYS before you lose.

They are too young to speak about huge profit. I think their goal (with expenses and losses) is to try to stand up and “gain a foothold” (used google translate, hope this is the right termine) among competitors.

It happened to me too and made me lose more that what I planned. Now I am more careful when setting Auto Bet parameters.
If you refresh the page it will reset to default.

Prizes are part of their advertising budget and I expect the revenue to be much higher on the long run.