Topic: 0.001 BTC to 1 BTC Challenge [sports betting] - page 3. (Read 2323 times)

It is a very ambitious purpose. I am sure that with the passage of time and a bit of luck you can comply with it.

I think your math is a little off.  Assuming they win double what they bet, it could easily be about this many bets

.001 * 2 = .002  1 Bet
.002 * 2 = .004  2 Bets
.004 * 2 = .008  3 Bets
.008 * 2 = .016  4 Bets
.016 * 2 = .032  5 Bets
.032 * 2 = .064  6 Bets
.064 * 2 = .128  7 Bets
.128 * 2 = .256  8 Bets
.256 * 2 = .512  9 Bets
.512 * 2 = 1.024 10 Bets

10 bets and he could win over 1BTC.  Now he could even make this smaller if he won some with worse odds, or larger if he won some with really good odds.

It would be possible if you could make very low minimum bets and if you apply good bankroll management.
Though it would take a very long time and you'd have to be pretty lucky to achieve this, but it's definitely not impossible.

Surprise me with that challenge you say? Knock yourself out. It is undeniable that you won't cross 0.02 BTC profit, much less 1 BTC profit

It's not possible to turn 0.01 or lesser than this amount into 1 as then you need to bet on over 100 matches to earn the amount and one loss will ruin everything. Betting a small amount always makes the risk low but you need to think logically as well.

your starting amount is very small, but that makes your plan that much more interesting to follow.


do you know any place that currently has any kind of giveaway?

I think you would have better odds at turning .001 on dice games, blackjack, or any casinos.  Keep in mind you are picking against professionals on sports betting.  It is extremely tough to to that many times in a row.  I don't know if it can be done or not.  Good luck though!

Turn 0.001 bitcoin to 1 bitcoin on sports. Good luck mate, i think you can turn it into 1 bitcoin on sports but it's so rare, is all your bet will be all in until 1 bitcoin ?

I highly doubt you will be successful with 0.001BTC starting bank. You will not be able to handle the transfer fees let alone having a proper bankroll manager with that kind of a starting bank. I think you should up the amount to at least 0.01BTC and divide that into at least 100 units if you want to last longer.

Winning 1 BTC from 0.001 ?? I don't think so, not possible, even the best sports bettors can't do this. To make 1 BTC one would atleast need 0.1 according to me.

It is hard but somehow Carles made some good profit before he opened jar. I think if you can earn like 0.1 from 0.01 this is already been good enough because it is already 10x from your balance. And you can try to start over again so your profit will not be gone like that. Why soccer is unpredictable? I guess soccer has so many options for us to bet so I would say that with some experience you can manage to make a good pick out there

It was me that said going to 0.01 to 1 but haven't tried yet, so how can you say that I failed ,if you are referring to me ? I still haven't because all my attention is to my premium tips threads which is going extremely well so far.

good luck on your journey, hope this will make it, saw some people with this kind idea few week ago but none of them are success yet..
its possible to reach that amount with skill and good prediction but of course with luck
and yea good luck to you.

I saw someone else trying to go from 0.01 to 1 and failing, and OP is going further, from 0.001 to 1.  That's quite the distance to go.  You are right 0.001 isn't much to lose if you do, but I think it's very unlikely that you will make it to 1.  However, I wish you luck OP.  I'll be following this thread to see how you do.

He/she is playing sports and it's very different from dice since you pick the teams and not just rolling a number, analysis and general knowledge about the teams you are playing sure helps. @OP good luck! I like playing longshot parlays/consecutive plays like these every once in a while!

Can I turn 0.001 BTC into 1 BTC by betting on sports? It is a simple question I am looking to answer by running a fun experiment. More specifically: is it possible to consistently win at sports betting? At the time of this post 0.001 BTC is only $0.42 and it will not hurt at all to lose this amount. Whether I fail or succeed doesn't matter, it's about the knowledge gained in the process. I will try to update my progress weekly. If you are interested in attempting this challenge join me on this journey! Who can't afford to lose 0.001 BTC?

My investigation begins with the belief that it is possible to gain profit by sports betting. From what little I have read on the topic how I think I should approach this:

1. Figure out which side is more likely to win. How? Follow a betting system/strategy, create a simple prediction model, and follow other knowledgeable tipsters picks in areas I do not follow.

2. Get the best possible odds on every wager. Compare odds between bookmakers, and pay attention to timing when bets are placed during the day/week to get the best possible odds.

3. Look out for errors on posted odds/lines, and look for scalping/arbitrage/sure bet opportunities. Possibly lay off risk on bets by betting the other side using live betting once your team is up.

4. Track all wagers, graph results to know how you are doing, and learn/analyze what you are doing good and bad from past bets so you can adapt.

5. Adjust bet sizes to where you cannot lose everything from a bad string of results. I've read between 0.5% and 5% per bet, depending upon how confident/how much risk you want to take on. It seems to make sense to increase bet sizes when your bankroll grows, and decrease wager sizes when you are losing. It also makes sense if an event comes along that presents a unique opportunity where it's clear you have a large advantage that you should bet more on it. (These two ideas are kind of contradictory and I'm not sure how I feel about it.)

6. Take advantage of sportsbook bonus programs, promotions, and free bets.

My first concern is the amount I am starting with: 0.001 BTC. All of the above makes sense if you have a large bankroll, but if you only have $0.43 it does not seem to make sense to be betting 1% of that per bet. I suppose it takes money to make money... and I suppose I am going to have to risk it all to start. This does not seem to be the smart thing to do. Many bitcoin sportsbooks have 0.001 as a minimum wager amount. I'm going to have to be ultra selective in what I choose to bet on. I'm going to have to figure out how to research a sporting event, what is important to pay attention to, and what is just noise...