0.01 Btc – 1 Btc Bet Challenge

[eneilwex]

With pre-season now underway, football clubs are starting to prepare for a new campaign and so am I with my .01 Btc – 1 Btc challenge. I will provide daily bets which will feature pre-season matches and other sports building up to the new season as I attempt to turn 0.01 Btc into 1 Btc. My bets will be posted daily on this thread.

This bet challenge is a bet that contains odds of 1.1 or more and must win for the bet to be successful. The main advantage of a 0.01 Btc - 1 Btc bet is that the risk is low, but it takes time!

Feel free to post your own selections, Lets see who gets there first! If at all!

What is a 0.01 Btc – 1 Btc bet challenge?

Start with 0.01 Btc in a pot and place a bet @ 1.1 odds or more daily. It should take 47 days to reach 1Btc. There are no real rules except you should use your full stake every day! Which means the .01 Btc you started with plus all accumulated winnings added to the pot every day, which you then stake on the next 1.1, then the next and so on…

If you start with 0.01 and just bet purely on 1.1 shots these are your winnings….

10 wins in a row @ 1,1: 0.02593 Btc,

20 wins : 0.06727 Btc

30 wins : 0.17449 Btc

40 wins : 0.45259 Btc

49 wins = 1.0671 Btc

Feel free to quit here if you’re happy with that!

50 wins : 1.17390 Btc

and so on!

[eneilwex]

30/07/16: BET ONE

Raith Rovers v Alloa Athletic – Raith Rovers to win @ 1.57

https://www.coinbet24.com/coupon/baaaaajG5?affiliate_id=51

0.01 Returns 0.0157

[olubams]

30/07/16: BET ONE

Raith Rovers v Alloa Athletic – Raith Rovers to win

https://www.coinbet24.com/coupon/baaaaajG5

0.01 Returns 0.0157

Will love to be part of this, because of the little risk involved however I will need more details concerning the minimum amount to bet as well as withdrawal in addition to the minimum amount to bet. But wait is it not possible to lose with the 1.1odds?

[marlboroza]

49 days is very long period, and 49 bets with 1.1 are risky. Why 49 days? You can find every day at least 10 bets with 1.1, so you can do that in few days 

[hasiramasenju]

you start it with 1.1 odds maybe that's pretty safe because the odds is not so high but let's see what happen for next your bets and if you have good results during your bets i maybe will follow your predictions and i will keep my eyes for these thread to see how far you go

[oksana28]

that's very safe strategy , but i remember i lost a bet yesterday with odd 1.2 , anyways i will give it a try.

[NorrisK]

What is the average chance to win at 1.1 odds?

Even when you have 99% chance to win a you will only win the 1 btc after 47 games in 1*0.99^47 = 62% of the time (which is awesome odds if you stand to win 100x what you put in.)

But if you have a 90% chance to win, the odds are a "bit" worse: 1*0.9^47 = 0.007%

You need atleast 1% chance to win to make a winning bet in the long run.

[DeathAngel]

I've seen lots of these type of challenges but not many people complete them. I wish you good luck though.

[DirectDice]

I would like to personally invite you to participate in our VIII Free Tipsters Championship.

Come and join us for a chance to win multiple top 7 prizes (up to 2.3 BTC) and compete in our new exciting side competition with 1 BTC Prize Pool.

Just for participating you will receive 70mBTC participation prize, so it's actually risk free.

The registration is already open and the championship will go live on the 1st of August.

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

Hope to see you there and Good Luck !

All the Best,

Michelle

https://www.DirectBet.eu

[JasonXG]

that's very safe strategy , but i remember i lost a bet yesterday with odd 1.2 , anyways i will give it a try.

Its very unsafe.  Its all good on paper but there ia nothing about a loss. This strategy ussumes you win all. When in reality that's not actually what happens. So now what would you do on a loss ? That's what I want to know.

[philiveyjr]

At 1.1 odds and 50 bets, I highly doubt you will get there all the way. Instead would suggest doing something along the lines of 1.2-1.3, where you will have to make lesser number of good decisions.

[Adriandmen]

1.1 odds and 50 bets. I'm pretty sure that some moment will be a very unlucky day and you will hit rock bottom.

[Rubberduckie]

tough strategy but its only .01

I may give it a shot but when I get to .01 profit maybe pull out my
original .01 investment and it takes a little longer but now your free
rolling. That way if you lose you lose nothing.

Or maybe dont fully invest everything. Maybe on days when your best
bet is 1.20 etc take a little from that bet and bank it. If you use a little
better odds on some days you can extract some of the winnings and at
least bank your initial investment.

Either way its only .01 and a fun challenge, good luck OP and will be rooting
ya on.

[DarkStar_]

Its very unsafe.  Its all good on paper but there ia nothing about a loss. This strategy ussumes you win all. When in reality that's not actually what happens. So now what would you do on a loss ? That's what I want to know.

It isn't good on paper. If you did the math, you would see that the chance of it happening is very low. On a loss, OP would probably restart the entire thing, or quit. It isn't very unsafe either - the max you could lose every attempt is 0.01BTC, technically. If you count the profits, than it is different, but your capital at risk is low.

[Gustavv]

I am not sure it will success because whenever we can get lose with that odds
and get busted before reach one btc, if we lucky enough thats good strategy

[pocarime32]

I am not sure it will success because whenever we can get lose with that odds
and get busted before reach one btc, if we lucky enough thats good strategy

Yeah, you are right. Even with the low odds you also can lose, some matches on soccer is unpredictable. But good luck to the OP, maybe you can do this and success.

[Bitinity]

that's very safe strategy , but i remember i lost a bet yesterday with odd 1.2 , anyways i will give it a try.

Nope, there is no "very" strategy, as you have ecperienced by yourself that you lost a bet with low odds. Indeed the chance to win is higher on 1.1x odds but once you lose you need to win 10x bets with the same odds to recover it.

[eneilwex]

Oops! a very bad start for me. I lost my 1st bet. But we go again. Remember this is a challenge, and it would most likely fail. I mean how many people get to climb Everest??? minimum odds are 1.1 and above.

01/08/16: BET ONE

Podoroska N. - Babos T. – Timea Babos to win @ 1.17

https://www.coinbet24.com/coupon/baaaaajMX?affiliate_id=51


0.01 Returns 0.0117btc

[minime0105]

you start it with 1.1 odds maybe that's pretty safe because the odds is not so high but let's see what happen for next your bets and if you have good results during your bets i maybe will follow your predictions and i will keep my eyes for these thread to see how far you go

yeah he can parlay bets at 1.1 odds, its possible to loose as well, but maybe ill try this strat. XD

[eneilwex]

09/08/16: (BET TWO)

A. Arnaboldi vs B. Trinker – A. Arnabold to win @ 1.24

https://www.coinbet24.com/coupon/baaaaakik?affiliate_id=51

0.0117 btc Returns 0.0145 btc