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Author Topic: XIII FREE Tipster Competition *Pre-Launch* (Discussion Thread)  (Read 108588 times)
u9y42
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November 20, 2015, 05:22:26 PM
 #1

This is the discussion thread for the Free Tipster Competition. If you are currently enrolled in the tournament, ever were enrolled, or plan on ever enrolling, please use this thread to discuss the competition, comment the bets others make, explain your bets or the tactics you use, or just to clear any doubts you may have about the rules.





Important Update

Hello everyone. Things haven't changed much, we are still developing the site, but like I said before, we can't launch in September.
In the meanwhile I think it's time to start discussing how things will work. It's better to do it now, than when the site is ready.

Like we've mention before this is what we are going to do:

A real Tipster Championship
- We will create a website and feed it with odds from a sports book (Pinnacle Sports probably).
-Users would register (just username, password and address for prizes), and will place their tips from the options available. No real bets would be made.
- We will have a live leaderboard etc.
- Users will pay a buy in + small fee (like in a poker tournament) and will participate in the competition for a month. The buy in would go completely for the prize pot, and the fee would be for us to manage the competition (again just like a poker tournament, but it would be Tipster Competition)
- If we get a sponsor, they will add coins to the prize pool, but it will remain a Tipster Championship (and no real bets will be made)
- We will probably host one or two satellites as well (users will enter that tournament for free, and will earn an entry for the tournament with a buy in)

I think we need to start discussion buy ins, and the tournament structure and site features.
Right now we will just hold one tournament (and probably the satellite as well) to see how things go. From there, we will have different tournaments, running at the same time, with different buy ins (again, like in poker tournaments).

For buys ins: What is the amount you would be ok in participating? (remember that no real bets are made. You make the buy in, and you compete for one month only making tips)

Tournament Rules and Structure: Should we keep the main competition structure, or the side competition structure?
I also thought, why not adding the option to create some custom tournaments? Someone would ask us to create and host a private tournament. He could define the buy in, and set a password. This way you can participate on tournaments with only some friends for example.

Site Features: What do you think it's important? We will have live leaderboard and a Player Profile.
On the Player Profile, we will include wins and losses, ROI%, prizes won, probably bets by sport, etc. Things like that, that you can then use to promote yourself as a good tipster. Also I though about achievements, since they are also fun things to try (like winning at a determined odd, winning a parlay with a determined number of selection, winning X number of bets in some type of sports, etc etc)

As usual, your feedback is very important, so we can provide a good game for you guys.





These are the other relevant links of the Tipster Competition:

Competition Leaderboard
https://directbet.eu/Competition.cshtml
Registration thread
https://bitcointalk.org/index.php?topic=1248467.0
Main thread
https://bitcointalk.org/index.php?topic=1159253.0





Hall of Fame


Here's the Hall of Fame - a list of all those who have reached the top place prizes in the Tipster Competition, ordered by the number of times they've reached the top (and then, by how much they have won so far). Links, where provided, refer to a participant's own tipster thread.

1st place: Omikifuse; won 10 prizes for a total of 1900 mBTC!
2nd place: bitbollo; won 8 prizes for a total of 2938 mBTC! Tipster thread: https://bitcointalk.org/index.php?topic=1234109.0
3rd place: Karpeles; won 5 prizes for a total of 1450 mBTC.
4th place: patt0; won 3 prizes for a total of 950 mBTC.
5th place: amin28; won 3 prizes for a total of 450 mBTC.
6th place: amine14madrid; won 2 prizes for a total of 2011 mBTC in prizes!
7th place: sanerin; won 2 prizes for a total of 1250 mBTC!
8th place: EdenHazard; won 2 prizes for a total of 1,163 mBTC!
9th place: mrs.van.braam; won 2 prizes for a total of 700 mBTC.
10th place: ChasingCarsEU; won 2 prizes for a total of 250 mBTC.
11th place: Mark Frappeles won 2 prizes for a total of 250 mBTC in prizes.
12th place: Joca97; won 1400 mBTC in prizes!
13th place: WEBcreator; won 1011 mBTC in prizes!
14th place: BitYoLo; won 1000 mBTC in prizes!
15th place: ONM; won 600 mBTC in prizes.
16th place: Google; won 600 mBTC in prizes.
17th place: hahay; won 513 mBTC in prizes.
18th place: rizkyhiw; won 500 mBTC in prizes.
19th place: Dahman El_Harrachi; won 500 mBTC in prizes.
20th place: pandacoin; won 500 mBTC in prizes.
21st place: Sureshnsnet; won 500 mBTC in prizes.
22nd place: SulphurXX; won 500 mBTC in prizes.
23rd place: Kanapka; won 300 mBTC in prizes.
24th place: Cacingkemi; won 300 mBTC in prizes.
25th place: Cepot; won 300 mBTC in prizes.

Finally, a special mention goes to the winners of the side competitions: Omikifuse (+240 mBTC), Free1bitco.in (+210 mBTC), MonsterV (+280 mBTC), Pyramid_Head (+280 mBTC +20mBTC), BurstIncomeAsset (+280 mBTC +130 mBTC +20mBTC), Emperor Magnus (+500 mBTC +40mBTC), Mark Frappeles (+300 mBTC +20mBTC), White Sugar (+100 mBTC +110mBTC), Shankara (+530 mBTC), Shibashi_Nikamoto (+330 mBTC +125mBTC), arara (+125mBTC), jaberwock (+125mBTC), Blavatsky (+195mBTC), Kanapka (+70mBTC), elite3000(+70mBTC), dacueba(40mBTC), Lavos(+40mBTC), and Bolt_Brownie(+20mBTC).

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November 20, 2015, 10:44:17 PM
 #2

Dates for the competition:
Registration Schedule
From: 20th March until 10th April, 00h UTC

Live Competition Schedule
Starts at: 1st April, 00h UTC
Ends at: 1st May, 00h UTC

SIDE Competition Schedule
Starts at: 10th April 00h UTC
Ends at: 1st May00h, UTC


Side Competition
Side competition with Phase 1 and Mini Leagues - Check rules bellow

Tipster Championship Side Competition (Phase 1):

 
1)dacueba(76)
2)jikin(69)
3)jordixal(66)
4)Bolt_Brownie(61)
5)elite3000(55)
6)BurstIncomeAsset(51)
7)Lavos(51)
8)Emperor_Magnus(51)
9)patt0(50)
10)kendari(49)
11)Pyramid_Head(48)
12)chubiruba(48)
 
13)Lineranger(48)
14)Mark_Frappeles(47)
15)White sugar(44)
16)Kanapka(43)
17)Shibashi_Nikamoto(41)
18)Google(40)
19)Blavatsky(37)
20)Karpeles(32)
21)romeorickl64(32)
22)WEBcreator(31)
23)jaberwock(31)
24)arara(30)
 
Shankara(29)
cr7(29)
Pai_Mei(24)
Continuous(24)
laracna(24)
myjulie92(23)
saatana(23)
absy(22)
sHeRiLyN1618(22)
Omikifuse(22)
andrealandia(21)
hahay(21)
 
Free1bitcoin(17)
alonaseeks(16)
imbest(14)
Thug_Life(12)
MonsterV(12)
Snub(11)
africa34(9)
Amel(8)
japar(8)
MadeinCoin(8)
Tamrlan(7)
Hirose_UK(7)
 
Paidi(5)
Republikcoin(4)
randal9(2)
Xanidas(2)

Mini Leagues (Phase 2):

 
MiniLeague1
arara*(79)
Kanapka(59)
White_sugar*(56)
Pyramid_Head(55)
Blavatsky(52)
dacueba(51)
elite3000(50)
Bolt_Brownie(49)
patt0(49)
jaberwock(47)
jordixal(42)
romeorickl64*(42)
Shibashi_Nikamoto(39)
Emperor_Magnus(39)
BurstIncomeAsset(36)
Karpeles(35)
jikin(30)
Lavos(28)
Google(22)
WEBcreator(18)
chubiruba(16)
kendari(15)
Mark_Frappeles(8)
Lineranger(0)
 
MiniLeague2
jaberwock*(72)
White sugar*(65)
dacueba*(63)
Mark_Frappeles(62)
Lavos(60)
Kanapka(55)
chubiruba(55)
Shibashi_Nikamoto(50)
Karpeles(47)
jordixal(44)
Bolt_Brownie(44)
BurstIncomeAsset(43)
elite3000(43)
romeorickl64(41)
Blavatsky(38)
arara(37)
Pyramid_Head(30)
Emperor_Magnus(30)
jikin(23)
WEBcreator(19)
kendari(11)
patt0(--)
Google(--)
Lineranger(--)
 
MiniLeague3
Blavatsky*(75)
elite3000(64)
Lavos(64)
BurstIncomeAsset(63)
Bolt_Brownie*(60)
Mark_Frappeles(54)
romeorickl64(53)
jordixal(49)
Shibashi_Nikamoto(49)
arara*(48)
dacueba(45)
jaberwock(44)
Karpeles(35)
Google(35)
chubiruba(34)
White sugar(29)
Emperor_Magnus(27)
jikin(23)
Pyramid_Head(23)
Kanapka(--)
WEBcreator(--)
kendari(--)
patt0(--)
Lineranger(--)
 
MiniLeague4
Shibashi_Nikamoto*(81)
Blavatsky*(76)
Emperor_Magnus*(73)
Bolt_Brownie(55)
romeorickl64(54)
White sugar(54)
Pyramid_Head(50)
jikin(42)
Mark_Frappeles(41)
chubiruba(39)
Kanapka(33)
BurstIncomeAsset(33)
elite3000(32)
dacueba(31)
arara(29)
Lavos(28)
patt0(28)
Karpeles(27)
jaberwock(26)
Lineranger(16)
jordixal(14)
WEBcreator(--)
kendari(--)
Google(--)

Side Competition schedule:
Phase 1: 10 to 15 April at 00h UTC
Mini League 1: 16 to 19 April at 00h UTC
Mini League 2: 20 to 23 April at 00h UTC
Mini League 3: 24 to 27 April at 00h UTC
Mini League 4 28 April to 1 May at 00h UTC

Prizes for the Side Competition (Phase 2):
- The following prizes will be paid for each of the 4 Mini Leagues, played in the Phase 2 of the Side Competition
- 30 mBTC Casino House Credit (For EVERY Daily Challenge won in each of the 4 Mini Leagues)
- 1st 125 mBTC Casino House Credit
- 2nd 70 mBTC Casino House Credit
- 3rd 40 mBTC Casino House Credit
- 4rd 20 mBTC Casino House Credit
(Note: All Side competition prizes require a 1,000 loyalty points rollover for each 30mBTC)

Global rules:
- You need to place at least 3 bets on any given day to qualify for points [Very Important]
- Bets will need to settle on that given day, in order to be counted for the minimum bet requirement [Very Important]
(exception to this, is when the reasons for the bet to remain unsettled could not be controlled by the user)
- Each day we will award points based on the ROI% made on that day (points will be awarded each day after 00h UTC)
- (In case of ties Global ROI% will be used to solve the tie)

Bonus point System
- On each day one user can win a daily challenge. The winner will see his points from the normal point system doubled (if he scores 0, he will be awarded 1 point)
- Users can only double points for 3 Daily Challenges wins during Phase 1, and 1 Daily Challenge win for each of the 4 Mini Leagues
- Everyone will be competing in the daily challenges by default, unless a participant explicitly asks us not to do so on a given day / for a given challenge (this is important because like we said users can only double points 3 times)

Daily challenges Schedule:
Monday: Winning bet at the highest odds (minimum odds @1.2)
Tuesday: Highest number of wins during the day (minimum odds @1.2)
Wednesday: Parlay won with the highest number of selections (minimum odds @1.8)


Phase 1 Rules
- One League will be created with all participants
- We will pass the top 24 participants to the Mini Leagues phase
(Note we will decide the amount of points to award, after registration closes)

Mini Leagues Phase Rules
- Mini Leagues will be played.
- Each Mini League will have the duration of 3 betting days
- At the end of each Mini League, Top4 will be awarded prizes
- We will reset points at the end of every Mini League


How to claim:
The winner should PM his playing wallet account directly to Michelle (DirectDice) who will personally fund the playing wallet account with the prize amount.


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Tipsters Championship www.DirectBet.eu/Competition


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November 21, 2015, 08:22:11 PM
 #3

Last days to register to the Free Tipsters Championship III.

The Championship is Free to Enter with more than 10 BTC in prizes. Each and every participant will walk away with a prize.

You can still register now here : https://bitcointalk.org/index.php?topic=1248467.0

Good Luck Smiley

Michelle

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November 21, 2015, 08:24:30 PM
 #4

What happens if my bet is pushed(the 'no bet' event)?

Will I still receive the 13% bonus?

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PM ME FOR VIP PICKS!


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November 21, 2015, 08:30:51 PM
 #5

Reporting user : valgfx
This kind of bets arent allowed
he just betted on 2 same games and just re arranged some small things!!!
any changes?


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November 21, 2015, 08:34:03 PM
 #6

Reporting user : valgfx
This kind of bets arent allowed
he just betted on 2 same games and just re arranged some small things!!!
any changes?

Where is the post?

I think we can bet in same game if the bets are not equivalent.

Even if they are it is not a crime, just the first bet will count.

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DirectBet
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November 21, 2015, 09:49:38 PM
 #7

What happens if my bet is pushed(the 'no bet' event)?

Will I still receive the 13% bonus?

Yes.

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November 22, 2015, 12:19:10 AM
 #8

Reporting user : valgfx
This kind of bets arent allowed
he just betted on 2 same games and just re arranged some small things!!!
any changes?

We have a rule to remove duplicate bets. You can post his bets or send them by pm so we can check if they violate any rules.


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valgfx
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November 22, 2015, 02:23:43 AM
 #9

Reporting user : valgfx
This kind of bets arent allowed
he just betted on 2 same games and just re arranged some small things!!!
any changes?

Should I report you for not knowing how to read? Roll Eyes
DirectBet
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November 22, 2015, 03:11:37 PM
 #10

If you want to reset your ROI and start over, you can still do it today !

If you have a negative ROI this will increase your chances of winning.

Highly recommended ! You can only do it once and today is your last chance.

If you are interested :

Send a tip of at least 3 mBTC to the winner Tips address - 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Then send me a private message and I will reset your stats.

Good Luck !

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November 25, 2015, 01:59:19 AM
 #11

Glad to see that we are having a more balanced competition regarding the bankrolls.
On our top 7 we have 3 normal bankrolls and 4 "high-rollers".

I guess the adjustments in the rules are helping the competition.
Good luck to all.

For those who are just watching, don't forget you can follow our punters bets in the leader board and profit to!


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November 28, 2015, 01:11:17 PM
 #12

Hello guys a small clarification about the 13% bonus ROI rule, since we had some doubts about this on the main thread.

Here is the rule:

2. A bonus of 13% of each bet stake will be added to the leaderboard, no matter if you win or lose the bet (for the purpose of determining the winner only and not in the form of real money).

This means that:

- On a 1% winning bet he gets plus 0.13% to his Bankroll as profit (for the purpose of the competition)
- On a losing 1% bet he loses 1% and get 0.13% to his Bankroll (so he just loses 0.87%, but it is still negative ROI)

This bonus simulates a VIP reward system, which is normal in many sports betting sites, that's why we have it. Yes it does help in the long run, but it's not this feature that will determine the winner.


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bitbollo
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November 28, 2015, 06:04:54 PM
 #13

hi directbet,
there was a problem in a bet...

https://www.directbet.eu/BetStatus.cshtml?BetID=15YrtFXkhy5mAZ62daU3K6Q2eiiSRSJfXH

I place 0,01 btc less 1% of my balance (at least was 1.10 btc = 0.011 btc) and you count it.
now you calculate 1% of total balance at start and it's valid for all competition?
or likewise last tournament you adjust the min/max stake for every bet depending in total amount of balance?
(start balance + win?)
thank you

It's like last tournament, it's based on your adjusted bankroll (it reflects winnings, losses and bet placement). Maybe you had made a bet before that one and your Current Bankroll decreased?

The script is automatic, so it's hard to be errors in simple calculations, but we will look into it.


Note:Again please try to use the discussion thread in the future. It's easier to follow. We can miss posts here from time to time, because of all the betting posts. So please start using this thread:
https://bitcointalk.org/index.php?topic=1256522

Quote from the last post in the other topic ( main thread).

Yes My last bet was settled and I have in that moment a balance more than 1 btc...
you can check also in my profile in directbet competition...





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November 28, 2015, 06:56:47 PM
 #14

hi directbet,
there was a problem in a bet...

https://www.directbet.eu/BetStatus.cshtml?BetID=15YrtFXkhy5mAZ62daU3K6Q2eiiSRSJfXH

I place 0,01 btc less 1% of my balance (at least was 1.10 btc = 0.011 btc) and you count it.
now you calculate 1% of total balance at start and it's valid for all competition?
or likewise last tournament you adjust the min/max stake for every bet depending in total amount of balance?
(start balance + win?)
thank you

It's like last tournament, it's based on your adjusted bankroll (it reflects winnings, losses and bet placement). Maybe you had made a bet before that one and your Current Bankroll decreased?

The script is automatic, so it's hard to be errors in simple calculations, but we will look into it.


Note:Again please try to use the discussion thread in the future. It's easier to follow. We can miss posts here from time to time, because of all the betting posts. So please start using this thread:
https://bitcointalk.org/index.php?topic=1256522

Quote from the last post in the other topic ( main thread).

Yes My last bet was settled and I have in that moment a balance more than 1 btc...
you can check also in my profile in directbet competition...

Ok we will look into it, and see if there is anything wrong.


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November 28, 2015, 07:18:50 PM
 #15

hi directbet,
there was a problem in a bet...

https://www.directbet.eu/BetStatus.cshtml?BetID=15YrtFXkhy5mAZ62daU3K6Q2eiiSRSJfXH

I place 0,01 btc less 1% of my balance (at least was 1.10 btc = 0.011 btc) and you count it.
now you calculate 1% of total balance at start and it's valid for all competition?
or likewise last tournament you adjust the min/max stake for every bet depending in total amount of balance?
(start balance + win?)
thank you

It's like last tournament, it's based on your adjusted bankroll (it reflects winnings, losses and bet placement). Maybe you had made a bet before that one and your Current Bankroll decreased?

The script is automatic, so it's hard to be errors in simple calculations, but we will look into it.


Note:Again please try to use the discussion thread in the future. It's easier to follow. We can miss posts here from time to time, because of all the betting posts. So please start using this thread:
https://bitcointalk.org/index.php?topic=1256522

Quote from the last post in the other topic ( main thread).

Yes My last bet was settled and I have in that moment a balance more than 1 btc...
you can check also in my profile in directbet competition...

When you place a bet below the 1% minimum, it will be listed in your list of bets but it will not be counted in the leaderboard.

Notice that the number of bets stated in the leaderboard (currently 76) is one less than the number of bets listed in your list of bets (currently 77).

The difference is because of that one bet that did not count for the competition as it was too small.

I hope this clarifies, please feel free to contact us for any further information.

bitbollo
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November 28, 2015, 08:00:12 PM
 #16

hi directbet,
there was a problem in a bet...

https://www.directbet.eu/BetStatus.cshtml?BetID=15YrtFXkhy5mAZ62daU3K6Q2eiiSRSJfXH

I place 0,01 btc less 1% of my balance (at least was 1.10 btc = 0.011 btc) and you count it.
now you calculate 1% of total balance at start and it's valid for all competition?
or likewise last tournament you adjust the min/max stake for every bet depending in total amount of balance?
(start balance + win?)
thank you

It's like last tournament, it's based on your adjusted bankroll (it reflects winnings, losses and bet placement). Maybe you had made a bet before that one and your Current Bankroll decreased?

The script is automatic, so it's hard to be errors in simple calculations, but we will look into it.


Note:Again please try to use the discussion thread in the future. It's easier to follow. We can miss posts here from time to time, because of all the betting posts. So please start using this thread:
https://bitcointalk.org/index.php?topic=1256522

Quote from the last post in the other topic ( main thread).

Yes My last bet was settled and I have in that moment a balance more than 1 btc...
you can check also in my profile in directbet competition...

When you place a bet below the 1% minimum, it will be listed in your list of bets but it will not be counted in the leaderboard.

Notice that the number of bets stated in the leaderboard (currently 76) is one less than the number of bets listed in your list of bets (currently 77).

The difference is because of that one bet that did not count for the competition as it was too small.

I hope this clarifies, please feel free to contact us for any further information.

ok thank you for the clarification... and quickly reply Smiley to my doubts





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.CHALLENGES ON SMART CONTRACTS.
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FrueGreads
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Democratizing Global Trade - ICO NOW LIVE


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November 28, 2015, 08:05:21 PM
 #17

Christmas has come sooner for this competition!

You now have until the end of Sunday 29 (UTC time zone) the chance to clean your negative ROI if you want.

This was already possible during the first week, but we decided to give you all another opportunity to do that.

Rule 7 in the "Entries" section.

7. If you have a negative ROI during the first week you can reset it during the late registration period.
To do so you must donate a small tip to the tipping address that will be collected by the winner of the competition.
The minimum amount is 3mBTC, but you can donate more if you want.



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bitbollo
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November 28, 2015, 08:09:38 PM
 #18

If you want to reset your ROI and start over, you can still do it today !

If you have a negative ROI this will increase your chances of winning.

Highly recommended ! You can only do it once and today is your last chance.

If you are interested :

Send a tip of at least 3 mBTC to the winner Tips address - 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Then send me a private message and I will reset your stats.

Good Luck !

Christmas has come sooner for this competition!

You now have until the end of Sunday 29 (UTC time zone) the chance to clean your negative ROI if you want.

This was already possible during the first week, but we decided to give you all another opportunity to do that.

Rule 7 in the "Entries" section.

7. If you have a negative ROI during the first week you can reset it during the late registration period.
To do so you must donate a small tip to the tipping address that will be collected by the winner of the competition.
The minimum amount is 3mBTC, but you can donate more if you want.



only 1 use it!!!
maybe the leaderboard seems to strong Cheesy ...

for the next Cheesy (maybe) competition, can you add the possibilities (I do not how Cheesy to do) to play with more than 1 coin?
I usually take some bet in Ltc or doge or btc depends on type of odds, my funds etc etc...





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▬▬▬ANN▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬WP▬▬▬
.CHALLENGES ON SMART CONTRACTS.
▬▬▬▬▬▬▬▬ICO STARTS 7th DEC, 2017▬▬▬▬▬▬▬▬







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Jcga
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November 29, 2015, 01:16:13 AM
 #19

Hello guys a small clarification about the 13% bonus ROI rule, since we had some doubts about this on the main thread.

Here is the rule:

2. A bonus of 13% of each bet stake will be added to the leaderboard, no matter if you win or lose the bet (for the purpose of determining the winner only and not in the form of real money).

This means that:

- On a 1% winning bet he gets plus 0.13% to his Bankroll as profit (for the purpose of the competition)
- On a losing 1% bet he loses 1% and get 0.13% to his Bankroll (so he just loses 0.87%, but it is still negative ROI)

This bonus simulates a VIP reward system, which is normal in many sports betting sites, that's why we have it. Yes it does help in the long run, but it's not this feature that will determine the winner.

"Yes it does help in the long run, but it's not this feature that will determine the winner."

Maybee not the winner, but if you have a look at the last competition, well it helps a lot, at least in order to be on the Top 7 as it happended in the last championship.
Have a look at GrandeMar's page, He made around 500 1.01 bets, and he is +55%, tomorrow be +63% and so on.
Out 100 1.01 bets he has lost more than One, He has won only 4 parlays (odds 1.17 to 1.40) out 530 bets.

I have tried it and made around 6-7-8% in few hours.
poplolnman
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November 29, 2015, 01:31:30 AM
 #20

Hello guys a small clarification about the 13% bonus ROI rule, since we had some doubts about this on the main thread.

Here is the rule:

2. A bonus of 13% of each bet stake will be added to the leaderboard, no matter if you win or lose the bet (for the purpose of determining the winner only and not in the form of real money).

This means that:

- On a 1% winning bet he gets plus 0.13% to his Bankroll as profit (for the purpose of the competition)
- On a losing 1% bet he loses 1% and get 0.13% to his Bankroll (so he just loses 0.87%, but it is still negative ROI)

This bonus simulates a VIP reward system, which is normal in many sports betting sites, that's why we have it. Yes it does help in the long run, but it's not this feature that will determine the winner.

"Yes it does help in the long run, but it's not this feature that will determine the winner."

Maybee not the winner, but if you have a look at the last competition, well it helps a lot, at least in order to be on the Top 7 as it happended in the last championship.
Have a look at GrandeMar's page, He made around 500 1.01 bets, and he is +55%, tomorrow be +63% and so on.
Out 100 1.01 bets he has lost more than One, He has won only 4 parlays (odds 1.17 to 1.40) out 530 bets.

I have tried it and made around 6-7-8% in few hours.

Okay in this case you think it's necessary to set minimum odds right? Because it's seems like not a tipster when you bet @1.01.
If the case like that i would agree to set the minimum odds like @1.3 or higher.

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