500$ - 30,000$ Gambling Challenge - page 5.

tyKiwanuka

legendary

Activity: 1722

Merit: 1671

#birdgang

Quote from: shoreno on April 27, 2020, 05:57:29 AM

dice predictable ? lol no man ive been playing dice everyday and i cant predict a higher payout but even lower payouts are sometimes unpredictable too .

No need to lol here. I was talking about a big enough sample size and and not you playing dice for some time every day out of boredom. Play dice 1000000000000000000 times in a row and I can tell you exactly what you will lose - the house edge. You are playing against a machine, that can't get beaten longterm, no matter how hard you try.

Check this thread out, for smalli-ish sample sizes: House Edge vs. Luck - the Last Stand

Quote from: shoreno on April 27, 2020, 05:57:29 AM

sportsbetting is also not exempted to that . its still a kind of gambling that one can loose no matter how sure he was on picks .

In sportsbetting you can win longterm, it is possible. Of course you can lose any bet at any time no matter the odds, but you are not playing against a machine, that is coded to give you no chance of winning longterm. If you are able to find valuable bets on a regular basis, you can't lose there, no matter how hard you try Grin

@Betwrong

You don't need any luck being successful in sportsbetting and poker. This is again longterm, always think longterm. This is all about odds and probabilities.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Winning 2 bets with less than 1.5 odds is not surprising, but winning around 20 of such bets could be quite a challenge. I sincerely wish you good luck, and I'm going to follow this thread, because in my opinion only one in a million can make a decent living from gambling. And those people, again, in my opinion, are rather lucky than knowledgeable. I mean, you can be very knowledgeable and still be losing again and again because of bad luck. That's why all courses provided by successful professional gamblers fail - you can't teach luck.

But those are my personal observations. I never exclude the possibility of being wrong. So, I'm looking forward to reading your thoughts and seeing your progress.

Best of luck, mate, anyways!

Reid

hero member

Activity: 3052

Merit: 651

I think some of us are misunderstanding it.
I did. Grin

He may be betting all the money now but as he said he will slow down when it is going deeper.

Quote from: TrumpBets on April 26, 2020, 04:18:36 PM

I'm going to apply a pretty agressive bankroll management at first and slow down later down the road.

Maybe he will apply another strategy to not lose it all.
This will be risky if he just keeps on doing that.
I want to see how this will end so I will follow this.

TopTort777

legendary

Activity: 2478

Merit: 1492

Quote from: Debonaire217 on April 27, 2020, 04:18:14 AM

This could be disastrous, if you are intending to achieve your goal in a short span of time, all-in in an option to your bet.

Agree, doing an all-in is quite and aggressive strategy, where one mistake or just a miss click can make OP bankrupt.

He cant be that lucky to go from 500 to 30k with just all-in strategy. Plus his odds are quite high to do that.

I’ve tries doing all-ins in football, doing “exact score before half ends” bet. I’ve placed bets when it was few minutes till the end and after 4-5 wins lost everything.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: tyKiwanuka on April 27, 2020, 04:30:17 AM

Quote from: DarkDays on April 27, 2020, 04:13:54 AM

Surely you know by now that your best odds of achieving a $500 > $30,000 bet is to do a single large $500 bet on a 60x multiplier.

Over time your results will move closer and closer to the standard distribution, and you will almost certainly fail. However, with a single large bet, this isn't the case.

This is not true - we are not talking about some game like dice, where you can predict the result over a large enough sample siize. This is sportsbetting.

This bankroll management looks very aggressive, but why not, if it's just some challenge and you will get more conservative down the road anyway as you said. If possible, please post your selections pre-match, because just some screenshots of won bets prove nothing.

Good luck, will follow.

dice predictable ? lol no man ive been playing dice everyday and i cant predict a higher payout but even lower payouts are sometimes unpredictable too .

sportsbetting is also not exempted to that . its still a kind of gambling that one can loose no matter how sure he was on picks . the other guy suggestion is above is risky . betting big bets on a high multiplier is crazy . you cant just bet with the amount and choose a target payout to hit your dsired profit easily .

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

This looks like a tough challenge on yourself, so best of luck to you mate. Hope you'll have a good time now in this very tough times for all of us.

Quote from: TrumpBets on April 26, 2020, 04:18:36 PM

I'm going to apply a pretty agressive bankroll management at first and slow down later down the road. Let that compound interest do the work. Cool

I admire you on this kind of strategy you have, I can tell you really are a real risk takers, this is the kind of strategy I use sometimes when I don't have a big bankroll but having a big goal.

tyKiwanuka

legendary

Activity: 1722

Merit: 1671

#birdgang

Quote from: DarkDays on April 27, 2020, 04:13:54 AM

Surely you know by now that your best odds of achieving a $500 > $30,000 bet is to do a single large $500 bet on a 60x multiplier.

Over time your results will move closer and closer to the standard distribution, and you will almost certainly fail. However, with a single large bet, this isn't the case.

This is not true - we are not talking about some game like dice, where you can predict the result over a large enough sample siize. This is sportsbetting.

This bankroll management looks very aggressive, but why not, if it's just some challenge and you will get more conservative down the road anyway as you said. If possible, please post your selections pre-match, because just some screenshots of won bets prove nothing.

Good luck, will follow.

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

This could be disastrous, if you are intending to achieve your goal in a short span of time, all-in in an option to your bet. But that is the reason why people are losing all their funds in just a day, in fact, it could be lost in just a matter of seconds. I do not advise betting all in for the sake of reaching 30,000, I think you should somehow make your initial fund of 500 stable, in such a case that no matter if you lose, you know that your initial fund is 500. This strategy might be too long, so being patient is what you need. Imagine, if you could earn 10 dollars a day, it is not bad at all.

DarkDays

legendary

Activity: 2030

Merit: 1189

Your odds of successfully going from $500 to $30,000 is around 1.6% excluding house edge.

Surely you know by now that your best odds of achieving a $500 > $30,000 bet is to do a single large $500 bet on a 60x multiplier.

Over time your results will move closer and closer to the standard distribution, and you will almost certainly fail. However, with a single large bet, this isn't the case.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

I look forward to someone who will be able to complete a challenge like this because many others have tried and failed to achieve the final result.I hope you do achieve this but I would like to tell that although the 1.33 odd may seem easy to win it is not in all cases so be careful.

coinlocket$

legendary

Activity: 2534

Merit: 1517

#1 VIP Crypto Casino

Good Luck to you.
It will be a hard Challenge with these big odds. High-Risk High reward I guess.

Considering an Average 1.3 odds you will need

Code:

Any plan to remove the intial bankroll or you will go allin everytime?

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Quote from: TrumpBets on April 26, 2020, 04:18:36 PM

Hey folks!

In these uncertain times due to CoVid-19 I wanted to do something fun by challenging myself to complete a 500€ to 30,000€.

Some few words about myself: I have been gambling professionally since 2013. My bread and butter is esports; more specifically League of Legends. Ocasionally I will dip my feet in cs:go and football/soccer.
By doing this challenge I want to take people on my journey as a professional gambler and to show you that it's quite easy to make a living out of it by just following some simple rules.

I'm going to apply a pretty agressive bankroll management at first and slow down later down the road. Let that compound interest do the work. Cool

25/04/2019
The odd is on the lower side but it's the second seed of french league against first seed of dutch league. So quite a difference in level of play.

26/04/2019
This one was played live; I was following the second game and UOL managed to upset ROX after giving away a huge lead. Third game they open with same draft, so I had to take it.

Starting bankroll: 508
Current bankroll: 982.59

Can you provide a daily update with your choices sir and if possible kindly drop also the website where you are gambling. I like to follow your footsteps as I can see that you are already professional in this area. I gamble in NBA and DOTA2 but there are many choices that I was unable to hit correctly so I hope we can also join your journey.

You almost doubled your money in just 2 bet only and I see that the odds in your betting site is pretty good. I will bookmark your thread and I hope you will provide your choices 1 hour before the game will start if you are not betting in a live game.

20kevin20

legendary

Activity: 1134

Merit: 1598

Best of luck with your challenge! Got me confused for a moment as you've mistaken 2020 for 2019 in the OP. Cheesy

The win from 26th of April is pretty sweet, so you've basically doubled your bankroll within a day? At this pace, $30k is not far fetched at all!

If you don't mind my question, are you betting purely based on your own thoughts and gut feeling or are you following other gamblers to decide which team you're going for?

TrumpBets

newbie

Activity: 21

Merit: 2

Hey folks!

In these uncertain times due to CoVid-19 I wanted to do something fun by challenging myself to complete a 500€ to 30,000€.

Some few words about myself: I have been gambling professionally since 2013. My bread and butter is esports; more specifically League of Legends. Ocasionally I will dip my feet in cs:go and football/soccer.
By doing this challenge I want to take people on my journey as a professional gambler and to show you that it's quite easy to make a living out of it by just following some simple rules.

I'm going to apply a pretty agressive bankroll management at first and slow down later down the road. Let that compound interest do the work. Cool

25/04/2019
The odd is on the lower side but it's the second seed of french league against first seed of dutch league. So quite a difference in level of play.
https://i.imgur.com/CsPkPnQ.png

26/04/2019
This one was played live; I was following the second game and UOL managed to upset ROX after giving away a huge lead. Third game they open with same draft, so I had to take it.
https://i.imgur.com/xWL0Ndx.png

Starting bankroll: 508
Current bankroll: 982.59

Topic: 500$ - 30,000$ Gambling Challenge - page 5. (Read 1143 times)