Penalized for losing bets?

I would just like to clarify something. From reading the rules, it looks like the tiebreakers are just the time you place the bets. I didn't read anything about winning % being a factor in tiebreakers. So if this is the case, then would it make sense to say there's no reason why you shouldn't use all four of your bets everyday (even if it means betting on games that would involve you making a completely uneducated guess)? Seems like winning % doesn't matter other than those weekly rankings. Thanks.

From the rules page TIE BREAKERS The race will officially end after 25 participants have reached the 100 win mark. Throughout the race, the following tie breaker will be used to rank users on the overall leaderboard in the event that multiple users are tied with a specific number of wins. If multiple users are tied, the earliest start time of their last winning pick (game) will be used as the tie breaker (time as listed on the pending page). As the second tie breaker, if users remain tied, the earliest pick time that each of the contestants entered with their last winning pick will be used to determine the leader. This will be determined by a time stamp recorded when each pick is submitted. For the weekly standings, the tie breaker system is as follows: (1) Win Percentage (2) Member who submitted their first pick of the week the earliest (time stamp).