Kid Kidding
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The most ridiculous thing about steamgifts is that if the value of a game you give away is reduced by its creators or sold as a bundle, your previously earned points will be reduced. Worse, if that game is distributed for free in the future, all of your points earned from that game will be deleted, even if you have given it before. In this case, your level can drop, which happened to me. While trying to go from level 4 to 5, I suddenly returned to level 1.
Well glad I read that. Steamgifts is not something I will participate in. The chances seem better on reddit like Random Acts Of GamingYou should read the FAQ in the Help section up top. It explains levelling (Contribution Value) and other stuff, too. CV is based on the US Steam retail price of a game with a big caveat. A game can be either full CV, reduced (giving only 15% value) or a freebie (giving 0 CV). You get 1 new giveaway slot for every 3 successful giveaways you have completed. (If you delete a giveaway you lose a slot though.)
And yes, there are fewer entries on higher level public giveaways on Steamgifts. Also the higher level you are the better chances you have to get accepted to private groups where your odds can be a lot better than on public giveaways.