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Topic: XII FREE Tipster Competition -sponsored by DirectBet- (Main Thread) - page 238. (Read 229625 times)

sr. member
Activity: 261
Merit: 250
legendary
Activity: 1582
Merit: 1059

Nah, the current system is not fair, unless I make bets only for winning this competition.
I am not talking about getting rid of 5%, I am suggesting why not get rid of the entire bankroll thing?

My problem is I don't have a fixed bankroll. Nor is my bets have a reliable average. If I find a very good pick, my bet could be 100x as much as my normal one (don't go beyond 1 BTC, I can't afford that much, lol), so I can't.


Also, I was under the impression that betting twice on the same thing doesn't count, but it is being counted. not sure. Huh


Betting on the same thing does not count, if you are seeing that please send the example on message, or post it here and we will see if there is any problem with that.

As for your system, let me explain why we can't remove the bankroll.
This was your example:

This one:
Bet = 0.01 Payout = 0
Bet = 0.1 Payout = 0.12
ROI = 0.12/0.11 = 9.09%

I will set another example with your system, to try to explain the problem with it:

Lets say you make 100 bets of 0.01 and lost all of them
Bet = 0.01 x (100 bets) Payout = 0

By this time you already lost 1 BTC, and you are in the final day of the competition, and you decide to do this:

Bet = 2 BTC @ 3 Payout = 6
ROI = 6/3 = 100%

You lost 100 bets, and you win one bet and get 100% ROI.
Do you think this is fair?

With the current system, and the same example, this is what you get:

2BTC is 5% of your bankroll. So your bank is 40BTC
0.01 is 0.025% of your bankroll

So you lost 0.025% * 100 = 2.5% of your total bankroll with those 100 bets
You win 6 BTC with your 5% bet so you get 15% profit

So in the end: 15-2.5 = 12.5% ROI
That seems like a fair ammount and equal to everyone. If we don't have a bank, you can "delete" your entire progress with one bet, so there is no point in doing a competition, we could just award prizes for one single bet.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
Posting the last bets I made

Toto ~ Parlay
09/22/2015 00:10, Quilmes v Colon, Asian Handicap, Quilmes +0.5
09/21/2015 23:00, Belgrano v Atletico Rafaela, Asian Handicap, Belgrano -0.25
https://www.directbet.eu/BetStatus.cshtml?BetID=1DEEMUnGb33UdFLSero4KmtrxZBAs13SaB

09/21/2015 23:00, Belgrano v Atletico Rafaela
Match Odds, Belgrano @ 2.14
https://www.directbet.eu/BetStatus.cshtml?BetID=1L6J4DQCwTNuMcwx5i7m9gC1pGf5YELwCJ
sr. member
Activity: 476
Merit: 250
Note to self: do not force your luck too much too many times  Cool

I think you are going to win this comp. before    Wink

yeah I also thought he would win, but when the last day really much to make betting a lot. if the Wendigo when it has a 100% ROI, I think it was enough, and he should now be in rank to 2

really hope there will be another Competition
legendary
Activity: 1554
Merit: 1014
Note to self: do not force your luck too much too many times  Cool

I think you are going to win this comp. before    Wink

yeah I also thought he would win, but when the last day really much to make betting a lot. if the Wendigo when it has a 100% ROI, I think it was enough, and he should now be in rank to 2
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
Note to self: do not force your luck too much too many times  Cool

lol, yeah. What I learned? Stop when we are already ahead. Smiley
sr. member
Activity: 476
Merit: 250
Note to self: do not force your luck too much too many times  Cool

I think you are going to win this comp. before    Wink
legendary
Activity: 2604
Merit: 1036
Note to self: do not force your luck too much too many times  Cool
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
LOL, I made a small little profit and my ROI is negative. Grin
It was because though most of my high-risk bets were lower than the low risk ones (except the last 4-6) they were still above 5% of the bankroll. So, I either lose 100% of the 5%, or get some 25% of the 5%.

I suggest changing these rules to the one I propose.


I would like to propose a better system. The 5% limit is really troublesome. My bets are usually more than 5%, but it gets rounded down. So when I make a 0.01 bet on high odds and lose and a 0.1 bet on low odds and win, my ROI goes down, while it shouldn't, imo.

A better way is to take out the bankroll part and the 5% limit. (10x can stay, no problem with that).
Bet with whatever amount you want.


Like patt0 mentioned out, if we don't limit a max bet stake, everyone can just bet his all bank in the final moments of the competition, and with a lucky bet they will claim first prize, and that seems unfair to someone that was able to make small bets throughout the entire competition and showed overall profits.

There is another problem with that system, that is the risk for someone to go all in and make big bets, when having a small initial bankroll. If someone starts the competition with 1 BTC, and another one with 10.000 DOGE, it will be a lot easier for the one with 10k Doge to go allin if things are going wrong, and that does not seem fair as well.

Also, in your example you chosed to make a big bet at low odds and a small bet at high odds. That is exactly the right thing to do, since the chances on winning at high odds are lower. The only problem is that you chosed to bet 5% in both of them, so that good decision was not reflected on your bets at all.
You would not get negative ROI% if your 5% was the 0.1 and not the 0.01, that way your bet would not get limited.

So to solve your problem in the next competition, see what is your normal betting stake, and list your initial bank so you can bet that stake as 5% of your bank, and everything will be ok.
Please remember that you don't need to fund your address with the bank you declare, so you are free to state any bank you want, allowing you to use you normal betting stake as if it was 5% of your bank, even if that represents a bigger percentage of your real betting bank.

Nah, the current system is not fair, unless I make bets only for winning this competition.
I am not talking about getting rid of 5%, I am suggesting why not get rid of the entire bankroll thing?

My problem is I don't have a fixed bankroll. Nor is my bets have a reliable average. If I find a very good pick, my bet could be 100x as much as my normal one (don't go beyond 1 BTC, I can't afford that much, lol), so I can't.


Also, I was under the impression that betting twice on the same thing doesn't count, but it is being counted. not sure. Huh

I had acccdentally sent a wrong amount to the wrong address, and had to cancel out by betting proportionately on the other two sides. This caused my ROI to drop. Well, I didn't lose much, so I am fine. Smiley
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
Let's fight to the end! xD
Here are some closed bets and some more parlays.

09/20/2015 21:00, Portland Timbers v New York Red Bulls
Half Time Score, 0 - 0
https://www.directbet.eu/BetStatus.cshtml?BetID=1ECFNtubk8as1T3RusBsgEdi2MBNiiP3vQ

Toto ~ Parlay
09/20/2015 21:00, Portland Timbers v New York Red Bulls, Both teams to Score?, Yes
09/20/2015 23:00, Philadelphia v Houston Dynamo, Both teams to Score?, Yes
09/20/2015 22:00, Guadalajara v Queretaro, Both teams to Score?, Yes
https://www.directbet.eu/BetStatus.cshtml?BetID=1AiUsAna6rUr1wL73Xz1Z8V6F2Fa7tAw5u

Toto ~ Parlay
09/21/2015 11:35, Guangzhou R&F v Guangzhou FC, Asian Handicap, Guangzhou FC -1
09/21/2015 17:00, Esbjerg v Randers, Over/Under 2.5 Goals, Over 2.5 Goals
09/21/2015 17:05, Orebro v Elfsborg, Double Chance, Home or Draw
09/21/2015 18:30, Ternana v Livorno, Double Chance, Draw or Away
09/21/2015 18:30, Valenciennes v Lens, Double Chance, Home or Draw
09/21/2015 20:00, Sporting Lisbon v Nacional, First Half Goals 0.5, Over 0.5 Goals
09/21/2015 18:45, Derby v Burnley, Asian Handicap, Burnley +1
09/21/2015 17:55, Hapoel Beer Sheva v Maccabi Haifa, Double Chance, Home or Draw
https://www.directbet.eu/BetStatus.cshtml?BetID=1K2ipyCUaAMLzJQyv2tVuC3vbEC21Rsa54

Toto ~ Parlay
09/21/2015 18:30, Ternana v Livorno, Double Chance, Draw or Away
09/21/2015 18:30, Valenciennes v Lens, Double Chance, Home or Draw
09/21/2015 18:45, Derby v Burnley, Asian Handicap, Burnley +1
09/21/2015 18:00, Braga v Maritimo, First Half Goals 0.5, Over 0.5 Goals
09/21/2015 17:00, Varnamo v Brommapojkarna, Double Chance, Draw or Away
09/21/2015 17:00, Belenenses v Moreirense, Belenenses Win to Nil, No
09/21/2015 20:00, Sporting Lisbon v Nacional, First Half Goals 1.5, Over 1.5 Goals
https://www.directbet.eu/BetStatus.cshtml?BetID=16AEt5GSxu8nXVExEDHK9AvBa2KUAygURp

Toto ~ Parlay
09/21/2015 16:00, Dinamo Moscow v Rubin Kazan, Draw No Bet, Dinamo Moscow
09/21/2015 17:00, Genclerbirligi v Besiktas, Draw No Bet, Besiktas
09/21/2015 17:55, Hapoel Beer Sheva v Maccabi Haifa, Draw No Bet, Hapoel Beer Sheva
09/21/2015 18:00, Braga v Maritimo, Draw No Bet, Braga
09/21/2015 18:30, Valenciennes v Lens, Draw No Bet, Valenciennes
09/21/2015 18:45, Derby v Burnley, Draw No Bet, Burnley
09/21/2015 11:35, Guangzhou R&F v Guangzhou FC, Match Odds, Guangzhou FC
https://www.directbet.eu/BetStatus.cshtml?BetID=1Hg9h8cigRDpnKCvbLvvMbwKSGS6jFZbVz

Toto ~ Parlay
09/21/2015 17:00, Esbjerg v Randers, Both teams to Score?, Yes
09/21/2015 17:00, Hodd v Sogndal, Both teams to Score?, Yes
09/21/2015 17:00, Varnamo v Brommapojkarna, Both teams to Score?, Yes
09/21/2015 18:45, Derby v Burnley, Both teams to Score?, Yes
09/21/2015 18:00, Braga v Maritimo, Braga Win to Nil, No
09/21/2015 20:00, Sporting Lisbon v Nacional, Sporting Lisbon Win to Nil, No
https://www.directbet.eu/BetStatus.cshtml?BetID=12t2sugcFvNFKwc9DRmBLpSprNZaHQacDg

sr. member
Activity: 476
Merit: 250
lot of bets made yesterday, and all green  Cheesy
although most odds are under 2.0


1 bet made today,

https://www.directbet.eu/BetStatus.cshtml?BetID=1JZ2rj9MufbZdc37jtz4DH4r45NFbcAiqZ

2 late goals in 5 mins (or less)  Angry Angry Angry
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