Check this out, @themarkymark.
> For every STEEM wagered you will receive 200 MAGIC tokens.

Vs.

> Users who delegate their Steem Power to @magicdice will receive MAGIC tokens on a weekly basis. For every SP you delegate, you will receive 50 MAGIC tokens per week. 

You can bet like every 5seconds and if you wager 1Steem then you will get 200MAGIC token everytime you bet. 
200Magic * nSteem * nTimes = Magic Token you will get.

Or,

You can Delegate your SP to @magicdice and receive '50Steem' per 1SP, and you will receive Magic token every WEEK. (Yes, I said every Week, not a Minute nor 5seconds like above.. :p)

-

Now Iook,
To maximize your Magic token quantity..
What would you Do?

Delegation isn't sounds like a smart idea imo.
I'd rather just wager Steem with 95% winning chance game.
In that way I lose the minimum Steem & maximize the Magic token quantity before it runs out.

And I think THAT is what @powerguy is doing right now.
(Even though he is betting at 49% winning chance game not 95%)

Bt the way,
Are you really SURE that @powerguy is
Down 118,000 Steem?! o.O;

If so, please show me some links/data to check out.
Hard to believe that someone lost that massive amount of Steem via 'provably fair' game.

Thank you,
Have a nice day!