factor280 (OP)
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April 20, 2015, 06:03:04 PM |
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Hey all,
I have been testing this sports betting system for a couple of weeks now before introducing it to the forum. It has not lost in 2 weeks so I figured you guys might want to jump in on the profits. Basically, you want to put forth a unit amount. In my case, 1 unit is .05 btc. I have 2btc bank roll.
What we do is progressively bet .05 btc on select bets that I research and find attractive value in. If we lose, we double up our bet until we gain our 1 unit back. So far, I am up 14 units (.05 daily for the past 2 weeks). I will be posting my system plays shortly for anyone who wants to tail! If anyone has any suggestions/ideas please let me know. By the way, my long term winning percentage is 57.6% over a period of two years, so probability of losing 5 in a row is very very slim.
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WhatTheGox
Legendary
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Merit: 1000
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April 20, 2015, 06:11:38 PM |
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Hey all,
I have been testing this sports betting system for a couple of weeks now before introducing it to the forum. It has not lost in 2 weeks so I figured you guys might want to jump in on the profits. Basically, you want to put forth a unit amount. In my case, 1 unit is .05 btc. I have 2btc bank roll.
What we do is progressively bet .05 btc on select bets that I research and find attractive value in. If we lose, we double up our bet until we gain our 1 unit back. So far, I am up 14 units (.05 daily for the past 2 weeks). I will be posting my system plays shortly for anyone who wants to tail! If anyone has any suggestions/ideas please let me know. By the way, my long term winning percentage is 57.6% over a period of two years, so probability of losing 5 in a row is very very slim.
What sports are you currently betting on? Also its possible to get wiped out with 5, 43%er for sure, im not sure what the best alternative is though. More volume usually helps to show the edge bettors true edge so perhaps just bet the same amount all the time even on loss?
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factor280 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2015, 06:17:41 PM |
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Hey all,
I have been testing this sports betting system for a couple of weeks now before introducing it to the forum. It has not lost in 2 weeks so I figured you guys might want to jump in on the profits. Basically, you want to put forth a unit amount. In my case, 1 unit is .05 btc. I have 2btc bank roll.
What we do is progressively bet .05 btc on select bets that I research and find attractive value in. If we lose, we double up our bet until we gain our 1 unit back. So far, I am up 14 units (.05 daily for the past 2 weeks). I will be posting my system plays shortly for anyone who wants to tail! If anyone has any suggestions/ideas please let me know. By the way, my long term winning percentage is 57.6% over a period of two years, so probability of losing 5 in a row is very very slim.
What sports are you currently betting on? Also its possible to get wiped out with 5, 43%er for sure, im not sure what the best alternative is though. More volume usually helps to show the edge bettors true edge so perhaps just bet the same amount all the time even on loss? I bet on Soccer, Basketball, and Baseball currently. The key is to progressively bet .05 and maybe get in on some loyalty bonus profits for icing on the cake. Lets see what happens short term, hopefully it holds up. I dont think Ive lost 5 in a row when betting only one game at a time. The key is to just bet 1 game at a time and wait for it to end. I usually hit dry spells when i try to bet on 3 or 4 7pm games for example, and I lose all 3-4. But if we keep it to one daily, chance of getting raped is way less lol. Also, I bet on euro sports and soccer to get at least 3-4 chances of making my unit for the day.
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pokerowned
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Activity: 1282
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April 20, 2015, 06:20:18 PM |
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when you mention loyalty points i assume youre betting on direct bet. what type of odds do you look for? you cannot double your bet on a loss n come out ahead unless youre getting 1.6 odds or better
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98problems
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April 20, 2015, 06:25:18 PM |
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Hey all,
I have been testing this sports betting system for a couple of weeks now before introducing it to the forum. It has not lost in 2 weeks so I figured you guys might want to jump in on the profits. Basically, you want to put forth a unit amount. In my case, 1 unit is .05 btc. I have 2btc bank roll.
What we do is progressively bet .05 btc on select bets that I research and find attractive value in. If we lose, we double up our bet until we gain our 1 unit back. So far, I am up 14 units (.05 daily for the past 2 weeks). I will be posting my system plays shortly for anyone who wants to tail! If anyone has any suggestions/ideas please let me know. By the way, my long term winning percentage is 57.6% over a period of two years, so probability of losing 5 in a row is very very slim.
so basically its kinda martingale on sports yes? in my opinion its a good strategy though if you bet on low paying bets it can be hard to earn decent profit
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WhatTheGox
Legendary
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Activity: 812
Merit: 1000
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April 20, 2015, 06:26:03 PM |
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Hey all,
I have been testing this sports betting system for a couple of weeks now before introducing it to the forum. It has not lost in 2 weeks so I figured you guys might want to jump in on the profits. Basically, you want to put forth a unit amount. In my case, 1 unit is .05 btc. I have 2btc bank roll.
What we do is progressively bet .05 btc on select bets that I research and find attractive value in. If we lose, we double up our bet until we gain our 1 unit back. So far, I am up 14 units (.05 daily for the past 2 weeks). I will be posting my system plays shortly for anyone who wants to tail! If anyone has any suggestions/ideas please let me know. By the way, my long term winning percentage is 57.6% over a period of two years, so probability of losing 5 in a row is very very slim.
What sports are you currently betting on? Also its possible to get wiped out with 5, 43%er for sure, im not sure what the best alternative is though. More volume usually helps to show the edge bettors true edge so perhaps just bet the same amount all the time even on loss? I bet on Soccer, Basketball, and Baseball currently. The key is to progressively bet .05 and maybe get in on some loyalty bonus profits for icing on the cake. Lets see what happens short term, hopefully it holds up. I dont think Ive lost 5 in a row when betting only one game at a time. The key is to just bet 1 game at a time and wait for it to end. I usually hit dry spells when i try to bet on 3 or 4 7pm games for example, and I lose all 3-4. But if we keep it to one daily, chance of getting raped is way less lol. Also, I bet on euro sports and soccer to get at least 3-4 chances of making my unit for the day. I like the idea of getting into some soccer betting just know all the times i got raped martingaling dice lol. Are the odds of bitcoin sites better vs say betfair or about the same?
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factor280 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2015, 06:31:38 PM |
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when you mention loyalty points i assume youre betting on direct bet. what type of odds do you look for? you cannot double your bet on a loss n come out ahead unless youre getting 1.6 odds or better
Pokerowned, I only bet 1.7 odds or higher.
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factor280 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2015, 06:32:18 PM |
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Hey all,
I have been testing this sports betting system for a couple of weeks now before introducing it to the forum. It has not lost in 2 weeks so I figured you guys might want to jump in on the profits. Basically, you want to put forth a unit amount. In my case, 1 unit is .05 btc. I have 2btc bank roll.
What we do is progressively bet .05 btc on select bets that I research and find attractive value in. If we lose, we double up our bet until we gain our 1 unit back. So far, I am up 14 units (.05 daily for the past 2 weeks). I will be posting my system plays shortly for anyone who wants to tail! If anyone has any suggestions/ideas please let me know. By the way, my long term winning percentage is 57.6% over a period of two years, so probability of losing 5 in a row is very very slim.
What sports are you currently betting on? Also its possible to get wiped out with 5, 43%er for sure, im not sure what the best alternative is though. More volume usually helps to show the edge bettors true edge so perhaps just bet the same amount all the time even on loss? I bet on Soccer, Basketball, and Baseball currently. The key is to progressively bet .05 and maybe get in on some loyalty bonus profits for icing on the cake. Lets see what happens short term, hopefully it holds up. I dont think Ive lost 5 in a row when betting only one game at a time. The key is to just bet 1 game at a time and wait for it to end. I usually hit dry spells when i try to bet on 3 or 4 7pm games for example, and I lose all 3-4. But if we keep it to one daily, chance of getting raped is way less lol. Also, I bet on euro sports and soccer to get at least 3-4 chances of making my unit for the day. I like the idea of getting into some soccer betting just know all the times i got raped martingaling dice lol. Are the odds of bitcoin sites better vs say betfair or about the same? They are competitive especially if you bet underdog. The favorites are juiced a bit more than the betfairs/pinnacles.
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Sig Space for Rent! PM Me.
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nikona
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April 20, 2015, 07:50:10 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
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Astargath
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April 20, 2015, 08:15:58 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Then just make bets on high odds picks. Or the other way would be to raise the bet enough to cover the loses from the last bet but that would go too high too fast
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WhatTheGox
Legendary
Offline
Activity: 812
Merit: 1000
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April 20, 2015, 08:19:38 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire.
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Astargath
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2015, 08:23:10 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale would be the same shit without any house edge tho, even with +EV for you, you would still lose using normal martingale but on sports its definitely better. It doesnt backfire, it just doesnt work as any other strategy
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nikona
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2015, 08:24:04 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale in other gambling like Dice or Roullette usually backfires, as the max bet size is reached pretty quick and one bad streak can lead to it being over. The same is the case with Sports and can backfire anytime. Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Then just make bets on high odds picks. Or the other way would be to raise the bet enough to cover the loses from the last bet but that would go too high too fast If you are making bets only on the high odd picks, then you are essentially increasing the risk as over 2, except for soccer is mostly for underdog teams, and you can have a longer losing streak that ways.
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WhatTheGox
Legendary
Offline
Activity: 812
Merit: 1000
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April 20, 2015, 08:27:58 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale would be the same shit without any house edge tho, even with +EV for you, you would still lose using normal martingale but on sports its definitely better. It doesnt backfire, it just doesnt work as any other strategy With 57% to 43% edge though that must make it really hard to lose say 15 in a row, how do the chances compare with a bad run with 57% vs 49.5% chance like you get in a dice coin flip i wonder?
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factor280 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2015, 09:46:33 PM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale would be the same shit without any house edge tho, even with +EV for you, you would still lose using normal martingale but on sports its definitely better. It doesnt backfire, it just doesnt work as any other strategy Snip Man these are awesome questions to ponder on. I'm just betting on the fact that my picks are thought out and researched, so the chance of losing 5 in a row is not the same as random probability rolling the dice. It has worked for 2 weeks so far... no whammies tonight. Will be posting first pick shortly.
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factor280 (OP)
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April 20, 2015, 09:50:57 PM |
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System bet #1: Chicago Cubs Vs Pittsburgh Pirates Under 7.5 runs Risking .07 btc to win .05.
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factor280 (OP)
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April 21, 2015, 02:43:34 AM |
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System bet #2 lock and loaded: Bet .06 to win .051 btc on Over 205.5 GS Vs New Orleans. (Live bet on directbet).
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Astargath
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April 21, 2015, 04:52:21 AM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale would be the same shit without any house edge tho, even with +EV for you, you would still lose using normal martingale but on sports its definitely better. It doesnt backfire, it just doesnt work as any other strategy With 57% to 43% edge though that must make it really hard to lose say 15 in a row, how do the chances compare with a bad run with 57% vs 49.5% chance like you get in a dice coin flip i wonder? With 49.95 the chances would be 0.00309% or 1 in 32362 With 57% the chances would be 0.000317 or 1 in 315457 So the chances are way lower on 57% of course but where do you get that 57% tho?
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factor280 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 21, 2015, 05:40:47 AM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale would be the same shit without any house edge tho, even with +EV for you, you would still lose using normal martingale but on sports its definitely better. It doesnt backfire, it just doesnt work as any other strategy With 57% to 43% edge though that must make it really hard to lose say 15 in a row, how do the chances compare with a bad run with 57% vs 49.5% chance like you get in a dice coin flip i wonder? With 49.95 the chances would be 0.00309% or 1 in 32362 With 57% the chances would be 0.000317 or 1 in 315457 So the chances are way lower on 57% of course but where do you get that 57% tho? 57% is my overall win rate.
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Astargath
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 21, 2015, 05:42:55 AM |
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Sounds like Sportsbetting Martingale to me, its a good way but you do realize, most of the picks you make bets on would be lower than 2x odds. Due to that your next bet of twice the size would not really get you back in the profit.
This will usually backfire at some point just like the original martingale as well.
Martingale backfires due to the house having an edge versus you, how often has the casinos decision to allow martingalers backfired? My only critique is it might be too aggressive a betting style, that could be a reason for it to backfire. Martingale would be the same shit without any house edge tho, even with +EV for you, you would still lose using normal martingale but on sports its definitely better. It doesnt backfire, it just doesnt work as any other strategy With 57% to 43% edge though that must make it really hard to lose say 15 in a row, how do the chances compare with a bad run with 57% vs 49.5% chance like you get in a dice coin flip i wonder? With 49.95 the chances would be 0.00309% or 1 in 32362 With 57% the chances would be 0.000317 or 1 in 315457 So the chances are way lower on 57% of course but where do you get that 57% tho? 57% is my overall win rate. lol but that doesnt mean each bet has a 57% chance of winning tho. Its impossible to know but even if it was 57% most bets are not 2x so it would still be a low chance
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