Topic: 500$ - 30,000$ Gambling Challenge - page 4. (Read 1142 times)

Check on for how long you've been actually playing there, and I bet it will be close to one year(most likely more than that). And that was my point, it could take 30+ years of pretty persistent playing for making a billion bets.

By my estimations, assuming that one plays on autobet with 5 bets per second speed, 10 hours per day, 300 days per year, it's theoretically possible to make over 50 million bets within a year:



but actually few sites have that high speed, and those who do can't boast of having it all the time.

I agree with you, I shouldn't have said "you can't play a billion times during your lifetime". It is not absolutely impossible.

Yet, returning to what I was replying to,


whether 1 billion bets is enough to say that you will lose exactly the house edge is a big question.

Hey TrumpBets,

I have two questions about your betting strategy, so would you be so kind to answer them?

1. Why do make just 1-3 bets per day? You've said you like League of Legends and CS:Go - there much more than 1-3 games are played during the day.
2. Why exactly you have chosen these two games ? Where you prof. player in the past or you followed all the esport events? You only have said that you are prof. gambler - so why you focus on esport, but not on a regular sport ?

Why not? you are gambling because you want to win money, that's the reason why you risk your money at first hoping you'll win.
If you can win ,then why not just maximize your winning, in this cause OP's has a high goal but it's not impossible.

That's actually not correct

Within a few months I made, let me count, one, two, three... yeah, 31392329 bets in total at wolf.bet, i.e. over 31M bets. In this manner, if you play nonstop in auto-mode using safe settings (so that you don't get busted in the process) and making like 4-5 bets a second, you could actually notch up over 1 billion bets in a couple of years, give or take a few months. Well, given your vagueness about how much lifetime is exactly, a couple of years may turn out to be one too many in your calendar

The Gambling challenge that you do looks interesting to me, hopefully your next gambling challenge will be successful. I know you are quite
experienced in the world of gambling, but in my opinion, taking profit does not need to be large. Later it can make you lose money, be careful
when taking the decision is important. This is just a small suggestion from me, good luck with your gambling challenge.

Looks like you are doing lots of live betting, where this is not always practicable, but could you post at least your pre-match bets in advance here ? Because those screenshots might not tell the whole story and it's easier to track for people then. If time, you could also post your live-bets here once submitted, although I know you probably couldn't care less while being in action and following the games.

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@Betwrong
To not further derail the convo here, sorry @OP, we should move to this thread: https://bitcointalksearch.org/topic/house-edge-vs-luck-the-last-stand-5227515

hey guys

this thread was made to show you guys all that it's possible to profit by wagering on sports


28/04/2020:

i made two bets; not too happy about the first one
disregarding the result, putting my money on 1.6 wasn't worth it at all. my team got completely destroyed even though they had the better team composition

really happy about my second bet; played it out perfectly; waited for the right moment and just went for it

https://imgur.com/a/4lECqnn


tomorrow we will do better



current bankroll: 1425.62

Agree with you - the house edge is too small to make a considerable difference. If you can bust with 97% chance of winning on dice and can also bust with 1% chance, it is quite clear that the house edge only gets a small advantage out of the game. In the end, greed can kill a session in no time.

Some people get to think that you either have a huge chance to become a milionaire if you keep playing or that you'd lose no matter what because the game is rigged. Well, it's us that keep betting even after small losses and we lead ourselves into a huge damage of our wallet. It's us that get greedy and lose everything after a big win. Casino only has that 1% house edge and that's it, but the decisions are made by us..

I think many people misunderstand how the house edge works(or it is I who misunderstands it, but, anyways, I think differently). The house edge is not working against you in particular, because you simply can't, you physically can't, not only play a quadrillion times in a row, like in your example, but you can't play a billion times during your lifetime. And, as you rightly put it, only with the enormous amounts of bets, we can predict with high probability what is going to happen.

In short, one particular player can either win because of good luck, or lose because of bad luck, but the house edge, especially as small as just 1%, has little to do with it.



Again, it is not that simple. The "longterm" can mean a thousand years. Within a year or two anything can happen with the best poker player, or sports bettor. Look at the Tom Dwan's performance during the year 2009, for example:

What a huge target but so far so good I see that you are making some great progress and I know there are also other members who are waiting for more.
I wish you all the best and hope that you could make it to your goal so you could set some example to all of us that anything is possible.

I am sure many of us have the interest to see what the OP do. If he can update for what he did, I think he can give tips or suggestion to people. Keep an updated OP, and still be careful when you place the bet. We don't know if you can achieve your goals, but I hope you don't be greedy to chase the win money

Imma bout to get my popcorn and look forward for what next thing to happen. Interesting

Good luck, man.

Actually, it is not easy to complete that challenge of yours but since you are confident that you can manage your bank roll well, i wish luck on your challenge. I was a victim of such low odds but I know I haven't know the team I was betted on before.
 
 Just do not all in your bank roll, remember that games are changing even those low odds teams can not be trusted. Anyway, you had a good returns buddy. I know you can complete this challenge in due time. Im not really good in sports betting so I will put this on my watchlist to see how is your journey. I do hope you may update this thread time to time.

Good luck with your venture. This will be a long journey and I hope you'll have a positive outcome with this. I am also fond of playing online games but haven't tried betting since I had stopped playing and is outdated of the current roster and gameplays. I hope you can share some of your bets here too. Best of luck.

I've seen a lot of newbies in the past creating thread with the similar mission but they just disappear eventually.
Hopefully you are serious with your mission and you'll stay here for long, it's nice to see someone sharing his journey while most of us pause our gambling activity for awhile. $500 isn't a serious money to begin with, but you aim a serious money, so this is quite interesting, good luck.

Thanks. Good luck on your journey - make sure you keep us up to date!

1.4 is the decimal version of an odd; the american counterpart would be -250
it is exactly how you described it.
If you win you get 1.4x amount back which also means that you need to be correct a good portion of times to make it worth it

To be honest, I did not even notice you're pretty much going all-in with those bets. That is an aggressive strategy for sure Well, Good job on your third roll! So far so good, will be following your journey to see where this is gonna head.

I have never tried betting on esports and never really understood this "odds" thingy - so I guess "1.4 odds" means a win will get you 1.4x profit, right? But if you lose, would you lose all of it and this challenge ends or just partially and you'll go on with what you have left?

Hey guys thank you for the kind and concerning words. I appreciate every comment and your point of view.



I'm following 100% my own expertise and my own system that I have fabricated.


I'm using different bookmakers for the best available odds. For these two games specifically I have used betway. I'm going to try to keep the stuff as sweet and simple possible by sticking to one bookmaker.
I'm planning on revealing some of my betslips beforehand if the situation allows me to.


I will not be withdrawing any funds before I finish this challenge. I won't be going all in all the time. It's just that the two games marked all of my boxes to risk it for the biscuit.


Math is great and all; I'm all behind it but that wouldn't be fun now, would it? Grinding it up slowly is more challenging and thus more rewarding.


Thank you for your concern. I am fully aware of the all in risks. Let's just say that it's a calculated risk.
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27/04/2020:
https://imgur.com/a/sqakbqZ

I wasn't planning on betting on this series because both teams are really close to eachother when it comes down to level of play. I wasn't even expecting of catching this one but I managed to snatch a 1.4 odd really late into a game where JDG had mountain soul, baron and elder drake.
Hence the agressive approach.

Current bankroll: 1375.62

This would be hard I think. No matter what your method is, gambling would still be a 'gamble', meaning there's no assurance of winning. Therefore, it would make sense to think that profit will not be consistent in a way that a gambler would not always win. If your method is through esport platform, it is indeed skill-based but luck would still be playing its part. Good thing that in a short period of timr you have accumulated an increase regarding your starting money, meaning, you've won. But as I've said, winning will not be consistent, it could slow down your progress or worse, it would generate loss eventually.

But yes, this is indeed an interesting way in order to make gambling more enjoyable especially during a situation we are currently experiencing. Goal is necessary in gambling but it would depend to the individual on how would he manage to have control, and discipline at the same time. Note that it is gambling we are talking about.