Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread)

[FrueGreads]

I want to ask about the removal or restart bankroll is still valid in this competition 
I mean like the last competition, a player may remove bankroll if you lose by paying with BTC

Until what date can we restart are ROI % ?

The offer is still available and since this competition is longer, the time to do that will last longer as well.
Meaning you can reset your ROI% 1 weak after registration closes, so until 8th January.

[1713272408]

1713272408

[DirectBet]

I want to ask about the removal or restart bankroll is still valid in this competition 
I mean like the last competition, a player may remove bankroll if you lose by paying with BTC

Until what date can we restart are ROI % ?

The offer is still available and since this competition is longer, the time to do that will last longer as well.
Meaning you can reset your ROI% 1 weak after registration closes, so until 8th January.

Ok thank you FrueGreads we will wait

please add my new bitcoin address at the competition:
Username: Republikcoin.com
Bitcoin Address: 1AAYpzWL8aNiMHzWAPzFgc1sVzDSEe7XAR
Bankroll: 100 mBTC

Hi Republikcoin.com,

Your second entry was added.

Good Luck !

[Republikcoin.com]

Hi Republikcoin.com,

Your second entry was added.

Good Luck !

Ok thanks you DirectBet  I've started betting    My bet

want to ask about this:
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).

I bet a few weeks ago but I have not posted it to the leaderboard, so if I post now Whether I will get a 13% bonus ROI? (Bet last week)

[Omikifuse]

Hi Republikcoin.com,

Your second entry was added.

Good Luck !

Ok thanks you DirectBet  I've started betting    My bet

want to ask about this:
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).

I bet a few weeks ago but I have not posted it to the leaderboard, so if I post now Whether I will get a 13% bonus ROI? (Bet last week)

If the bet is valid, then your entry will be automatically to the leaderboard. Or at least should be(mine at least are)

[FrueGreads]

Hi Republikcoin.com,

Your second entry was added.

Good Luck !

Ok thanks you DirectBet  I've started betting    My bet

want to ask about this:
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).

I bet a few weeks ago but I have not posted it to the leaderboard, so if I post now Whether I will get a 13% bonus ROI? (Bet last week)

As Omikifuse said they will be accepted automatically by the leaderboard script if they are valid, but as it has already been explained we will of course manually examine your bets and see there was any attempt to gain an unfair advantage. If so, some bets, or all the bets could be removed, and only bets made after the registration will count. If that happens we will inform you, otherwise everything will stay as it is.

[FrueGreads]

Hurry up guys, registration is almost over, so if you want to add more addresses this is the time to do it.
If you are still considering register this is the right time to do it as well.

Registration ends at January 1st 00h, UTC,
Here is the link for the thread where you should register:
https://bitcointalk.org/index.php?topic=1248467.0

Good luck!

[Keyboard PC]

I have already registered please add me on the list now or before the match Premier and Spanish  League begins
Thank you

[DirectBet]

I have already registered please add me on the list now or before the match Premier and Spanish  League begins
Thank you

Welcome Keyboard PC. You were added to the leaderboard.

Good Luck !

https://www.directbet.eu/Competition.cshtml

[smartparlay.com]

Please check User: txbtc

Breaking of Rules: 4 and 6

4. For the purpose of this competition the max bet stake is capped 5% of your current bankroll.
Every bet above that value will be capped to 5%.

6. You can not have "duplicate" bets even if they are made at different odds. If you do so, we will only count the first one.

And even if you count only 1st bet, for example on Phil Taylor v Jelle Klaasen he have 5 bets and 1st in for 150 mBTC which is a way way over 5% of 250.

With 16 bets counted and 5% cap and odds ~2 and ~50% lost bets, he cannot have a 53.95%. I'm not sure is he even break-even. The boost is by your 13% bonus, multiple bets and bets >50% bankroll.

==

Also about 13% boost: there should be minimum odd.
Because I can easily abuse the system/rules and create a 1nd account which will win the competition for sure, but will have a real ROI of ~0 or even -Few%.

How: Betting straight 5% every time on 1.01-1.03. On every 20 bets there will a whole turnover on a bank and bonus of 13% over the whole competition bankroll. While the real result will be (if there is no lose) only +1-2% (20x5%x1.01-1.03).
For 300 bets there will be a fake ROI of over 390% (30 turnovers x 13%) without size adjustment and over 1100% with size adjustments every 20 bets!

But I still think the point here is not to abuse it for some ~430$ (1BTC). Right? Because nobody can beat 1000% ROI...

[FrueGreads]

Please check User: txbtc

Breaking of Rules: 4 and 6

4. For the purpose of this competition the max bet stake is capped 5% of your current bankroll.
Every bet above that value will be capped to 5%.

6. You can not have "duplicate" bets even if they are made at different odds. If you do so, we will only count the first one.

1) We will examine this, and remove any bets if necessary.

And even if you count only 1st bet, for example on Phil Taylor v Jelle Klaasen he have 5 bets and 1st in for 150 mBTC which is a way way over 5% of 250.

2) There is no problem in "breaking" this rule (it's more a warning, since there is nothing you can do to break it, because everything is treated automatically by our script). Like it says on the rule, the stake is caped at 5% of max bankroll, meaning that he will be paid normally for hist bet, but for the competition the script will only consider those max 5% (so, and this is only for the competition, he will win based on the 5% or lose only 5%, if he goes over that cap. This is really not a problem, the script does everything automatically. You can go 1000% on every bet if you like, for the competition they will all be counted as 5%, so it's up to you.)

With 16 bets counted and 5% cap and odds ~2 and ~50% lost bets, he cannot have a 53.95%. I'm not sure is he even break-even. The boost is by your 13% bonus, multiple bets and bets >50% bankroll.

==

Also about 13% boost: there should be minimum odd.
Because I can easily abuse the system/rules and create a 1nd account which will win the competition for sure, but will have a real ROI of ~0 or even -Few%.

How: Betting straight 5% every time on 1.01-1.03. On every 20 bets there will a whole turnover on a bank and bonus of 13% over the whole competition bankroll. While the real result will be (if there is no lose) only +1-2% (20x5%x1.01-1.03).
For 300 bets there will be a fake ROI of over 390% (30 turnovers x 13%) without size adjustment and over 1100% with size adjustments every 20 bets!

But I still think the point here is not to abuse it for some ~430$ (1BTC). Right? Because nobody can beat 1000% ROI...

3) Yes this bonus is not to be abused, and we already took some measures regarding this issue. We are evaluating this for the next competition to see if we need to tweak it any further.
We have a cap of 300 bets, meaning that if someone only makes bets of 5% @1.01 and wins all of them (which is unlikely, will add a ROI of 195% (300 * 0.65%), remember that is 13% of the 5% max stake. Yes this value with stake adjustment will be a little bigger, I keept the math simple in that example, but still is not those 390% or 1000% bonus ROI%. Also we do have a limit of 300 bets which means that he will fail to improve his ROI any further which makes that strategy far from being a winning one.
Let's use acckill example since he is on top for now. He has 133% with 112 bets, with the same math he would only have 72.8% ROI, if he made 112 bets of 5% @1.01, meaning that optimal play will still win this competition.)

Answers in red

[patt0]

I will be honest regarding the 13% bonus. I tried to use that in second competition and it did not help me much.
First I was betting in a 1.01 - 1.08 range and although my ROI was increasing, I was way to far away from the paying spots, the distance was being kept, so that alone would get me no where.
Second it's quite easy to talk, but I did not won every single bet at those odds, so it really did not paid off. It's a "safe" method if you do not want to risk to much on those 70 bets and collect the participation prize, or consolation prize (on that case), but is not enough to win a competition.

Either that, or I'm very unlucky lol
Not saying it's perfect, I think it could be made better, but I don't it should be given all that credit. If you bet well, like Joca did on the last competition you will still win...

[shulio]

I will be honest regarding the 13% bonus. I tried to use that in second competition and it did not help me much.
First I was betting in a 1.01 - 1.08 range and although my ROI was increasing, I was way to far away from the paying spots, the distance was being kept, so that alone would get me no where.
Second it's quite easy to talk, but I did not won every single bet at those odds, so it really did not paid off. It's a "safe" method if you do not want to risk to much on those 70 bets and collect the participation prize, or consolation prize (on that case), but is not enough to win a competition.

Either that, or I'm very unlucky lol
Not saying it's perfect, I think it could be made better, but I don't it should be given all that credit. If you bet well, like Joca did on the last competition you will still win...

Bitbollo has been using strategy like thats alot and it seems that strategy is working for him. If you check his betslip mostly he bets on live games where the odds is already low however it seems he got a great luck by winning most of them and managed to use that 13 % bonus

[DirectBet]

6. You can not have "duplicate" bets even if they are made at different odds. If you do so, we will only count the first one.

The list shows all the bets that he placed, but if multiple bets were placed on the same selection, the leaderboard counts the first bet only.

It's OK to place multiple duplicated bets to increase your bet stake, but for the purpose of this competition, only the first bet will count.

It's also OK to bet more than 5% of your bankroll. Here again, for the purpose of the competition, the leaderboard will count your bet stake up to 5% of your available bankroll at the time, even if you bet more. Of course, the payout will be calculated based on your full bet stake.

Also about 13% boost: there should be minimum odd.
Because I can easily abuse the system/rules and create a 1nd account which will win the competition for sure, but will have a real ROI of ~0 or even -Few%.

How: Betting straight 5% every time on 1.01-1.03.

There is no advantage to betting with low odds.

If you place 300 bets during the competition (6 weeks) at odds of 2, you get the same benefit as someone who placed 300 bets at odds of 1.01.

The only difference is variance. Betting at low odds reduces your variance. Sometimes you may want to deploy a low variance strategy, and at other times a high variance strategy is best, but the bonus is equally the same regardless of the bet odds.

The purpose of the 13% bonus is to encourage action and reward active participants, but we capped it at 300 bets to prevent abuse.

[smartparlay.com]

There is no advantage to betting with low odds.

If you place 300 bets during the competition (6 weeks) at odds of 2, you get the same benefit as someone who placed 300 bets at odds of 1.01.

The only difference is variance. Betting at low odds reduces your variance. Sometimes you may want to deploy a low variance strategy, and at other times a high variance strategy is best, but the bonus is equally the same regardless of the bet odds.

The purpose of the 13% bonus is to encourage action and reward active participants, but we capped it at 300 bets to prevent abuse.

It's not exactly true. Betting on 1.01 - 1.02 with less than allowed maximum is brainless. Betting with the maximum allowed 5% with average odd of ~3.0 is a sure way to bankrupt. So it's not strategy, it's abusing bonus system to win some coins in the competition without any real value to the user and just a fake ROI.

Example - 20 bets on 1BTC bankroll on 1.01 with 5% -> imaginary challenge bankroll after bonus is now

1.13 and then repeat again and again for 300 bets (30 whole turnovers)

and here is the
1
1,13
1,2769
1,442897
1,63047361
1,8424351793
2,0819517526
2,3526054804
2,6584441929
3,004041938
3,3945673899
3,8358611506
4,3345231002
4,8980111032
5,5347525466
6,2542703777
7,0673255268
7,9860778453
9,0242679652
10,1974228006
11,5230877647
13,0210891741
14,7138307668
16,6266287665
18,7880905061
21,2305422719
23,9905127672
27,109279427
30,6334857525
34,6158389003
39,1158979573

Even if we accept your margin is 100%, e.g. instead of losing 1/100 are losing 1/50, you could just return the table above with less than 1 step.
Nobody can beat that. And it cannot be done with higher odds.


And Happy New Year to all

[FrueGreads]

There is nothing wrong with your math, but that is theory and given the last competitions that is not what happens in reality because you will lose more than 1 or 2 bets in 100.
With your example a player would have 195% just on the 30th bet. That never happened in any competition.

If I'm not mistaken, on the last competition, the final ROI% was around 180% from a player with around 900 bets, that was "accused" of using that strategy.

There is another problem with that theory, that is that it would not be profitable for any player to do that just for the prize. The 13% are virtual, so that means that you will be risking a progressive bigger number of coins @1.01, meaning that you will lose a lot when you miss that bet.
On your example a player would be risking 0.09 BTC @1.01 already on the 30th bet.

We have a minimum of 70 bets, so at the 70th bet he would be risking 11 BTC @1.01. And yes you can say that he would not be betting that much because he already had a great ROI etc, but this example is only to prove that no one will use the bonus to exploit the competition like your are saying because it's just not profitable that way.

The bonus serves a mission, to encourage and reward an active participation in this competition, and it accomplishes that. No one will use just to win the competition, like you used it in your example, because like I said it's just nor worth it.

[FrueGreads]

Hello everyone, we decided to let the Late Registration Open until January 9th, 00h UTC, since we also allow the ROI to be cleaned until that date, and we still have around 1 month to play.

So like in the previous competitions Late Registration and ROI reseting will be open until we reach the 3 final weeks of the competition.

So please note:
- Late registration: until January 9th, 00h UTC (that counts for adding more addresses to)
- ROI reset: until January 9th, 00h UTC

So you can still add more addresses to the competition until that date.
Also remember that we need at least 50 active players (meaning 70 bets plus in the competition), so we pay full prizes!!!

We really want to offer full prizes guys, but it's up to you!

Good luck!

[Joca97]

I would like to restart my ROI
where do i send the btc and how much?

[FrueGreads]

I would like to restart my ROI
where do i send the btc and how much?

Hello Joca, the coins should be sent to the tipping address that will be collected by the winner of the competition. The minimum amount is 10mBTC but you can donate more if you want (remember it will be collected by the winner of the tournament).

Here is the address: 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Also send a PM to direcbet confirming the transaction and asking for the ROI reset.

Good luck!

[pandacoin]

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

[u9y42]

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

Yes, that is correct, pandacoin.

By the way, congrats.