Week 1 ---- Starting bank: 0.006 BTC ---- Current bank
This week I will try following system. I will play every ticket with 50% of the bank and all odds will be between 2 and 3.
Ticket 1 - Odds: 2.5375
Man UTD to win @1,75
Dortmung-Hoffenheim - Both to score @1.45
So far so good. Both tips passed very easy today. It was a bet of 0.003 BTC (50% of the bank). After first day winnings the bank is now on 0.0106125 BTC. I will update the OP later today as well. I will also probably delete this first day bets from the OP after the week ends. I should have posted in the separate posts.
At the same time, though, since we are talking about sports betting, not some dice or roulette, isn't it actually possible to become a professional and win most of the time? I thought sports bets were skill-based, because your knowledge of the game and its players seems to be useful to bring you closer to winning.
Sport bets are skill based but there is many factors you still don't have influence over. Let's just talk about football (soccer), how many times have you watched a game where favorite played much better and missed a lot of chances and then opposition scores a fluke and takes all the points? There is no way to take that sort of thing into analyses. The other thing is odds. The game is rigged in a way to make you take wrong bets. Only thing we can do is bet smartly and try to take some money back from them. That requires huge self control and cool head.
You do need to mention how much bankroll you're starting with and what's your end goal is. Watching this thread regardless.
Bankroll is clearly mentioned, 0.006 BTC on weekly basis. Maybe I change that if I get exceptionally good run. My end goal is test some strategies while not loosing much money and have some fun. As I said this kind of betting is not professional and I don't believe in it for a long run. In fact I am fully expecting to lose money but gain some more insight in my own abilities as tipster and hopefully add another layer of self control. I consider both of those as essential when i start playing for higher stakes (bank of at least 1 BTC and hopefully 2). There has been few years since i gambled with that much of money and I wanted another reality check before committing to it.
In the past I always managed to end years with modest profit but I had to stop when our country added 10% taxes on all winnings (on top of 5% they take out from every stake). That ate up all the profits. It is impossible to bet with large amounts if somebody is taking 15% from you. Now I have another chance with BTC betting sites.
My opinion is that such strategy will not work, and you know two reasons which lie behind it. First is too small bank, and second is playing 50% of bank on ticket which means that you have only two chances under the assumption that you lose both times.
Actually you can look at it in different way. if you are betting 50% of the bank and adjusting bank after every day (which i plan on doing) you can never run out of the money. If you are constantly loosing you just have smaller and smaller stakes. But if that happens I will stop it and bet whole bank when amount gets too small.
