Is the low multiplier cap why online PVP betting isn't popular?

[Salki]

I just realize even Big online casino like stake are not really have much pvp games.

I’ve imagined more than once betting against other players in skill-based games like CS or Call of Duty and actually making money—but it seems like the market for PVP gambling games is ridiculously small.

With slots or playing against the house, you can hit x5, x10, or even insane numbers like x500 or x1000.

But with pure 1v1 games(with no house involved), the most you get is 2x. So, some gamblers just feel like PVP is a waste of time?