Attempting to turn 0.05 BTC into 1.7 BTC - page 5.

angrybirdy

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Quote from: Oshosondy on May 08, 2024, 05:24:24 PM

It would be better to look for medical school fees from other source that is not gambling. I am wondering how medical school can be very costly like that. But you did not state the exactly school fees but your target.

If you want to use 0.05 BTC to win 1.7 BTC, you need 34 odds. That is very difficult to achieve. The chance that you will get that is small but the chance that to will lose the money is very high.

I agree, it would be better if you get something else for your medical school bills instead of gambling. I'm not against what you do, but this is risky, we're not sure if your bet will win or not, it's better to have a back up plan just in case the thing we expect doesn't happen.

aioc

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Quote from: savingformedschool on May 08, 2024, 05:13:31 PM

Hi everyone, I am going to attempt to turn 0.05 BTC into 1.7 BTC with football/soccer betting. I will be using this post as a journal for my bets.

The goal is to be able to pay for medical school! Feel free to follow or fade my bets!

But always bet responsibly.

Starting Balance: 0.05 BTC

Bet #1: Colombia: Envigado FC - Real Cartagena FC | Over 3 | 0.025 BTC returns 0.06625 BTC
Bet Screenshot: https://imgur.com/a/Xn3BvXw

Result: -0.025 BTC

New Balance: 0.025 BTC

tips: bc1qgll9gt4gmf8rddnyynrdrmzq9qzv336w7yezce

So far it's not good, but you are brave enough to try it even though the risk is just too high even though you've posted that you are comfortable with the money that you're going to lose, it's still going to hurt, I don't know your financial status you did not mention it, but I'm thinking that this is your journey to more bets.
But still, good luck. You're going to learn here, win or lose.

Why not include a summary for every bet and result so that you will know the story behind those bets and the outcome you mentioned that it's your journal for bets.

BABY SHOES

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Is this crazy enough or just taking the challenge? Paying for medical school from gambling is pretty much impossible to achieve mate, you have to be self-aware this can't be good behavior for you.
Other people gamble just for fun while you are for a higher purpose and 1.7 BTC is not an easy thing to get in gambling even if you are an expert in sports betting.
I'm not sure if this can turn your money into big money or your target but rather you will be addicted and keep running out of money.

Alphakilo

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savingformedschool please gambling is not a way to raise money for medical school. It is too risky and you will be able to save money by not gambling than when you gamble. Gambling is not an investment for the future that yields any return.

Regardless of whether you want to gamble responsibly, the probability of becoming a gambling addict is high because you are not gambling for entertainment or fun.

You have other options to that would guarantee you a better result than gambling. Some of them are - crowdfunding, fully-funded scholarships, working part time, or even student loans.

Jawhead999

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Quote from: savingformedschool on May 08, 2024, 05:13:31 PM

Result: -0.025 BTC

Quote from: savingformedschool on May 09, 2024, 01:14:35 AM

One year costs over $30,000 here. So 0.05 BTC is not enough for even one semester. Sad

@OP is the example of gambling addict.

I don't understand why someone need to force something when they know they didn't have enough resources in the first place?

Instead of applying to medical school, choose other skills that affordable.

Instead of taking school in your country where the tuition fees is expensive, move to other countries that you can afford.

Instead of taking school in this "year", choose to take a gap year and work for a year or more.

Yeah I know it's what it's, but at least other people can learn from this case.

joeperry

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I like the positivity and your goal for yourself, I thought this is gonna be a long thread as turning 0.05 BTC to 1.7 BTC is possible but long process but I've seen that you've already lose 50% of your bankroll in just one bet, that's actually risky and pretty insane, that's literally 50/50 chance and I think it's better that you should study bankroll management first then control your bets. I've saw someone made money in sports betting but his bet amount are just average but with his winning rate is higher than losing, so yeah he earned pretty good.

EluguHcman

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Quote from: Oshosondy on May 08, 2024, 05:24:24 PM

It would be better to look for medical school fees from other source that is not gambling. I am wondering how medical school can be very costly like that. But you did not state the exactly school fees but your target.

If you want to use 0.05 BTC to win 1.7 BTC, you need 34 odds. That is very difficult to achieve. The chance that you will get that is small but the chance that to will lose the money is very high.

I also wondered the OPs initial source of academy financial sponsorship before enrolling for admission in the school.
Actually medical school fees can be much expensive due to the disciplinary level of professionalism and that alone should had got the OP to be prepared for the expenses.

So what would be his next step if the 0.05 BTC get lost while chasing that profit in gambling for his school fees?
This does not seem advisable at all. Most persons actually had professional dreams but could not attain it due to financial sponsorship barriers so they alternate to divert towards the field that is affordable for them snd they are doing so well and happy with the alternative.
The OP would had acted like that instead of being a school dropout due to inability of financial sponsorship or even considering how gambling may affect his academic attendance.

Mrbluntzy

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Quote from: savingformedschool on May 08, 2024, 05:13:31 PM

Hi everyone, I am going to attempt to turn 0.05 BTC into 1.7 BTC with football/soccer betting. I will be using this post as a journal for my bets.

The goal is to be able to pay for medical school! Feel free to follow or fade my bets!

But always bet responsibly.

Starting Balance: 0.05 BTC

Bet #1: Colombia: Envigado FC - Real Cartagena FC | Over 3 | 0.025 BTC returns 0.06625 BTC
Bet Screenshot: https://imgur.com/a/Xn3BvXw

Result: -0.025 BTC

New Balance: 0.025 BTC

tips: bc1qgll9gt4gmf8rddnyynrdrmzq9qzv336w7yezce

After reading this topic, I just guessed that the success of this your adventure is going to be determined by luck alone. How come you have already lost 0.025BTC while you just started yesterday. You're staking a high amount in one go which is not a wise gambling strategy for the adventure you are taking. In your adventure to win 1.7BTC
With 0.05BTC, you are supposed to stake not more than $100 in one go. I just hope you can make it, best of luck.

dansus021

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Attempting to turn 0.05 BTC into 1.7 BTC well that is a bold move bro hahah you bet around 1500 USD per bet and if you lose this time you gonna lose all of it. Why you don't try bet on a smaller amount like 500 USD or 100 USD.

But is your choice anyway I wish you the best luck and keep posting here hahah oh one more thing if you want to post image you can try buy copper membership for 30 USD

rodskee

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Quote from: savingformedschool on May 08, 2024, 05:13:31 PM

Hi everyone, I am going to attempt to turn 0.05 BTC into 1.7 BTC with football/soccer betting. I will be using this post as a journal for my bets.

The goal is to be able to pay for medical school! Feel free to follow or fade my bets!

But always bet responsibly.

Starting Balance: 0.05 BTC

Bet #1: Colombia: Envigado FC - Real Cartagena FC | Over 3 | 0.025 BTC returns 0.06625 BTC
Bet Screenshot: https://imgur.com/a/Xn3BvXw

Result: -0.025 BTC

New Balance: 0.025 BTC

you are not saving for your medical school but instead you are risking your money , because gambling
is not the place for saving instead a place for losing so i hope you will realized that before losing that amount
completely.

Why not instead of gambling , try trading because that would be less risky and knowledgeable than just
gamble that will turn you into an easy go lucky person in the future.

Quote from: savingformedschool on May 09, 2024, 01:14:35 AM

One year costs over $30,000 here. So 0.05 BTC is not enough for even one semester. Sad

that is really an frustrating amount but you can work on it without risking in gambling mate ,
there are other areas in crypto that may generate you profit not riskier than gambling.

Viscore

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Quote from: Kakmakr on May 09, 2024, 03:05:57 AM

OP, at the rate you are going... you will be out of money within the next two bets. (Why are you risking all the money on one bet?) Will you top up the money if it runs out or will you stop betting when this money runs out?

I will rather make smaller bets with something that has much better odds.

What is your timeframe to achieve your goal? (Long-term or Short-term)

Bad start for OP yet but we can't judge him until the bankroll is wipe out. It would be fun @op if you'll share your bet slip, honestly, I find that 0.025 a huge bet because currently at the rate of bitcoint it's already equivalent to $1,227... I could not even afford to set up a bankroll like that, so that's kinda risky for me but I like that we have a gambler here who really mean business with his goal.

it's $1,227 starting bet and you want to grow your money to $104,300... let's see, but good luck!

Kakmakr

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OP, at the rate you are going... you will be out of money within the next two bets. (Why are you risking all the money on one bet?) Will you top up the money if it runs out or will you stop betting when this money runs out?

I will rather make smaller bets with something that has much better odds.

What is your timeframe to achieve your goal? (Long-term or Short-term)

Hypnosis00

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That's a very aggressive approach, I hope you last long. Starting with 0.05 BTC and bet 50% of it on your first try, just 2 losses and you are out. And also, your target is too high, so it's really hard to achieve. I believe some experts doesn't think like you do, they start with big bankroll but with a very conservative betting approach, like they set a small percentage of their entire bankroll, 5% or lower, yours is 50%. Cheesy

harapan

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Quote from: savingformedschool on May 08, 2024, 05:13:31 PM

Hi everyone, I am going to attempt to turn 0.05 BTC into 1.7 BTC with football/soccer betting. I will be using this post as a journal for my bets.

The goal is to be able to pay for medical school! Feel free to follow or fade my bets!

But always bet responsibly.

Starting Balance: 0.05 BTC

Bet #1: Colombia: Envigado FC - Real Cartagena FC | Over 3 | 0.025 BTC returns 0.06625 BTC
Bet Screenshot: https://imgur.com/a/Xn3BvXw

Result: -0.025 BTC

New Balance: 0.025 BTC

tips: bc1qgll9gt4gmf8rddnyynrdrmzq9qzv336w7yezce

This is way too risky to even carry on but better still isn't it okay to just look somewhere else to raise out the money for your medical school rather than loosing money to bets just to get it in double folds and I believe you have so much faith in the bets of fetching you the required amounts you desire.
I know being successful requires you takin risk and I wouldn't dispute that fact so Good luck on your chase of this bigger targets.

_act_

legendary

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I remember a guy in my department that had no option than to run back home because he lost money to gambling. He told me that it was the worst time of his life. His father gave him money for school fees but he wanted to do big boy and think of doubling it fast. He went to a gambling site and use all his school fee to gamble at ones on a match. But unfortunately he lost all and had no option than to run back home to tell his parent what happened. Some people did something like this in the past and lost.

Julien_Olynpic

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Converting 0.05 Bitcoin into 1.7 Bitcoin is of course possible. But doing this with sports betting will be extremely difficult. As I understand it, the author doesn’t even have any strategy. The author simply makes random bets on random sporting events and counts on random luck. This way the funds are not multiplied. I would say that the very idea of using sports betting for this is quite controversial. To be honest, there are many ways to grow your Bitcoin in a much safer way than sports betting. For example, using retrodrops or trading. To win with sports betting, you need to have a very advanced prediction system. Apparently, the author does not have such a system.

Oasisman

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Quote from: savingformedschool on May 08, 2024, 05:37:35 PM

Quote from: goaldigger on May 08, 2024, 05:29:50 PM

The target is too high, but since you are willing to take the risk then at least you can try.

Will monitor your progress too and hope that you can achieve this goal because you have a good purpose or target, just know that this is not guaranteed after all so it's better to have your back-up plan if something bad happen to your gambling activities.

Better to look for other source of income while doing the bet just to make sure that you will be in medical school.

Hi, thank you for the advice!

I am working full time right now and saving for school, but I thought it would be a fun challenge to see if I can pay for medical school with football/soccer bet winnings! If I don't succeed it's not the end of the world, but I will certainly try my best!

Not a bad idea, but it is too risky for that amount of money. I understand that you are trying to make things happen as soon as possible. Medical school are expensive and you need to do a lot of work to sustain and pursue this study, you might as well going to extend for a couple or more years especially when you're struggling to catch up with finances.
Well, we could only determine whether you made a good or bad decision unless we see the outcome. If you don't make it, then at I can say it is a good try. If you'll make it, then definitely I'd say you are a risk taker who might as well going to succeed in business industry.
Good luck on your goal and with your game and odds analysis.

savingformedschool

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Quote from: bitbollo on May 09, 2024, 02:23:50 AM

there is never a "safe bet". if there was a safe bet/ a sure result, this match is not quoted in any bookmaker.
this is why you must avoid over confidence in your bet playing high stakes.
Also, the first loss give you a lesson: you must have a money management system, otherwise with just 2 consecutive loss you have reached... 0 ! This is not your target!
Try to find in your country if some gambling site offer the option for "exchange gambling".
In most cases this allow to maximize the profit or better, even to have a profit without the game has already start!
I hope my suggestions can help... https://bitcointalksearch.org/topic/bitbollo-betting-advice-45-267-13-1-place-tipster-competition-1234109 here you find my topic where I posted many tips related gambling (including my journey in btc gambling).

While you've made some good points, I disagree that there are no safe bets. I have seen many "suspicious" matches that were offered by many bookmakers but were later discovered to be "fixed". So it does happen, but it is hard to find those sure bets. That's why I can only rely on my research for now.

bitbollo

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there is never a "safe bet". if there was a safe bet/ a sure result, this match is not quoted in any bookmaker.
this is why you must avoid over confidence in your bet playing high stakes.
Also, the first loss give you a lesson: you must have a money management system, otherwise with just 2 consecutive loss you have reached... 0 ! This is not your target!
Try to find in your country if some gambling site offer the option for "exchange gambling".
In most cases this allow to maximize the profit or better, even to have a profit without the game has already start!
I hope my suggestions can help... https://bitcointalksearch.org/topic/bitbollo-betting-advice-45-267-13-1-place-tipster-competition-1234109 here you find my topic where I posted many tips related gambling (including my journey in btc gambling).

savingformedschool

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Quote from: yahoo62278 on May 09, 2024, 02:05:36 AM

Quote from: bitbollo on May 09, 2024, 02:00:48 AM

why start with so high stakes? The final target is so high (x30) but playing so heavy is not the solution... Moreover why not minimize the risk of the single loss?
Likewise adding live playing or just use cashout option...

if you have not strong experience in gambling and sport bets these kind of experiments are really hard if not impossible to be achieved...

My thoughts exactly. Slow and steady wins the race @OP. No need for parlays and prayers, single bets and slow profit. You don't have to pay for medical school in 1 day ya know.

Thanks for the advice!

Yeah I went heavier than I probably should have. I was very confident that they would produce 4+ goals based on my research. There were 2 goals disallowed which would have made me win. Even one of those goals standing would have been a push. But I guess that's how it goes sometimes. Sad

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