You are not correct, and a lot of players attempt to hedge their wagers with a bet on the opposite side Dragon Wager, etc.
I see, the payouts are not sufficient to cover every possibility in profit of course.
But it could be a separate and independent progression for each and everyone of them, while some are losing there will be always 1 which is winning, all of them can win in different times.
So you could aim to win from 1 time all of these, from both sides!
When 1 or 2 of them delay then follow up to the point where your net profit has been depleted, at that point restart from scratch.
When I say all I mean player, bank, tie, all dragons from both sides...calculate each separate/independent progression in regards with its respective payout.