500$ - 30,000$ Gambling Challenge

[Genemind]

Good luck with your venture. This will be a long journey and I hope you'll have a positive outcome with this. I am also fond of playing online games but haven't tried betting since I had stopped playing and is outdated of the current roster and gameplays. I hope you can share some of your bets here too. Best of luck.

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[maxreish]

Actually, it is not easy to complete that challenge of yours but since you are confident that you can manage your bank roll well, i wish luck on your challenge. I was a victim of such low odds but I know I haven't know the team I was betted on before.
 
 Just do not all in your bank roll, remember that games are changing even those low odds teams can not be trusted. Anyway, you had a good returns buddy. I know you can complete this challenge in due time. Im not really good in sports betting so I will put this on my watchlist to see how is your journey. I do hope you may update this thread time to time.

[asu]

27/04/2020:
https://imgur.com/a/sqakbqZ

I wasn't planning on betting on this series because both teams are really close to eachother when it comes down to level of play. I wasn't even expecting of catching this one but I managed to snatch a 1.4 odd really late into a game where JDG had mountain soul, baron and elder drake.
Hence the agressive approach.

Current bankroll: 1375.62

Imma bout to get my popcorn and look forward for what next thing to happen. Interesting

Good luck, man.

[ethereumhunter]

I am sure many of us have the interest to see what the OP do. If he can update for what he did, I think he can give tips or suggestion to people. Keep an updated OP, and still be careful when you place the bet. We don't know if you can achieve your goals, but I hope you don't be greedy to chase the win money

[Ailurophile]

What a huge target but so far so good I see that you are making some great progress and I know there are also other members who are waiting for more.
I wish you all the best and hope that you could make it to your goal so you could set some example to all of us that anything is possible.

[Betwrong]

~ Play dice 1000000000000000000 times in a row and I can tell you exactly what you will lose - the house edge. You are playing against a machine, that can't get beaten longterm, no matter how hard you try.

I think many people misunderstand how the house edge works(or it is I who misunderstands it, but, anyways, I think differently). The house edge is not working against you in particular, because you simply can't, you physically can't, not only play a quadrillion times in a row, like in your example, but you can't play a billion times during your lifetime. And, as you rightly put it, only with the enormous amounts of bets, we can predict with high probability what is going to happen.

In short, one particular player can either win because of good luck, or lose because of bad luck, but the house edge, especially as small as just 1%, has little to do with it.

@Betwrong

You don't need any luck being successful in sportsbetting and poker. This is again longterm, always think longterm. This is all about odds and probabilities.

Again, it is not that simple. The "longterm" can mean a thousand years. Within a year or two anything can happen with the best poker player, or sports bettor. Look at the Tom Dwan's performance during the year 2009, for example:

[20kevin20]

~

Agree with you - the house edge is too small to make a considerable difference. If you can bust with 97% chance of winning on dice and can also bust with 1% chance, it is quite clear that the house edge only gets a small advantage out of the game. In the end, greed can kill a session in no time.

Some people get to think that you either have a huge chance to become a milionaire if you keep playing or that you'd lose no matter what because the game is rigged. Well, it's us that keep betting even after small losses and we lead ourselves into a huge damage of our wallet. It's us that get greedy and lose everything after a big win. Casino only has that 1% house edge and that's it, but the decisions are made by us..

[TrumpBets]

hey guys

this thread was made to show you guys all that it's possible to profit by wagering on sports


28/04/2020:

i made two bets; not too happy about the first one
disregarding the result, putting my money on 1.6 wasn't worth it at all. my team got completely destroyed even though they had the better team composition

really happy about my second bet; played it out perfectly; waited for the right moment and just went for it

https://imgur.com/a/4lECqnn


tomorrow we will do better



current bankroll: 1425.62

[tyKiwanuka]

really happy about my second bet; played it out perfectly; waited for the right moment and just went for it

https://imgur.com/a/4lECqnn

Looks like you are doing lots of live betting, where this is not always practicable, but could you post at least your pre-match bets in advance here ? Because those screenshots might not tell the whole story and it's easier to track for people then. If time, you could also post your live-bets here once submitted, although I know you probably couldn't care less while being in action and following the games.


@Betwrong
To not further derail the convo here, sorry @OP, we should move to this thread: https://bitcointalk.org/index.php?topic=5227515

[MCobian]

The Gambling challenge that you do looks interesting to me, hopefully your next gambling challenge will be successful. I know you are quite
experienced in the world of gambling, but in my opinion, taking profit does not need to be large. Later it can make you lose money, be careful
when taking the decision is important. This is just a small suggestion from me, good luck with your gambling challenge.

[deisik]

but you can't play a billion times during your lifetime

That's actually not correct

Within a few months I made, let me count, one, two, three... yeah, 31392329 bets in total at wolf.bet, i.e. over 31M bets. In this manner, if you play nonstop in auto-mode using safe settings (so that you don't get busted in the process) and making like 4-5 bets a second, you could actually notch up over 1 billion bets in a couple of years, give or take a few months. Well, given your vagueness about how much lifetime is exactly, a couple of years may turn out to be one too many in your calendar

[Kasabus]

but in my opinion, taking profit does not need to be large.

Why not? you are gambling because you want to win money, that's the reason why you risk your money at first hoping you'll win.
If you can win ,then why not just maximize your winning, in this cause OP's has a high goal but it's not impossible.

[TopTort777]

Hey TrumpBets,

I have two questions about your betting strategy, so would you be so kind to answer them?

1. Why do make just 1-3 bets per day? You've said you like League of Legends and CS:Go - there much more than 1-3 games are played during the day.
2. Why exactly you have chosen these two games ? Where you prof. player in the past or you followed all the esport events? You only have said that you are prof. gambler - so why you focus on esport, but not on a regular sport ?

[Betwrong]

but you can't play a billion times during your lifetime

That's actually not correct

Within a few months I made, let me count, one, two, three... yeah, 31392329 bets in total at wolf.bet, i.e. over 31M bets. In this manner, if you play nonstop in auto-mode using safe settings (so that you don't get busted in the process) and making like 4-5 bets a second, you could actually notch up over 1 billion bets in a couple of years, give or take a few months. Well, given your vagueness about how much lifetime is exactly, a couple of years may turn out to be one too many in your calendar

Check on for how long you've been actually playing there, and I bet it will be close to one year(most likely more than that). And that was my point, it could take 30+ years of pretty persistent playing for making a billion bets.

By my estimations, assuming that one plays on autobet with 5 bets per second speed, 10 hours per day, 300 days per year, it's theoretically possible to make over 50 million bets within a year:



but actually few sites have that high speed, and those who do can't boast of having it all the time.

I agree with you, I shouldn't have said "you can't play a billion times during your lifetime". It is not absolutely impossible.

Yet, returning to what I was replying to,

Play dice 1000000000000000000 times in a row and I can tell you exactly what you will lose - the house edge.

whether 1 billion bets is enough to say that you will lose exactly the house edge is a big question.

[TrumpBets]

Hey TrumpBets,

I have two questions about your betting strategy, so would you be so kind to answer them?

1. Why do make just 1-3 bets per day? You've said you like League of Legends and CS:Go - there much more than 1-3 games are played during the day.
2. Why exactly you have chosen these two games ? Where you prof. player in the past or you followed all the esport events? You only have said that you are prof. gambler - so why you focus on esport, but not on a regular sport ?

hey man, good questions

1. I do make more bets, they are just not included in the challenge. The are two main reasons for that.
- this thread was made as a challenge for myself starting from 500$ to 30,000, this is also not the usual amount I wager with. I do have my own bets running on the side.
- I have a specific way in mind on how i want to complete this challenge - of course it's still gambling and i might have to adapt my strategy later on if things don't go according to plan - nothing is set in stone

2. Esports have always intrigued me and I always knew it's only going to get bigger and one day may surpass traditional sports. I have played LoL and cs:go actively but not professionally. I am actually very knowledgeable and succesful in football wagering. But for me personally in order to maximize my profits I like to specialize in one sport. Obviously this might work for me but not for others.

[Quidat]

Hey TrumpBets,

I have two questions about your betting strategy, so would you be so kind to answer them?

1. Why do make just 1-3 bets per day? You've said you like League of Legends and CS:Go - there much more than 1-3 games are played during the day.
2. Why exactly you have chosen these two games ? Where you prof. player in the past or you followed all the esport events? You only have said that you are prof. gambler - so why you focus on esport, but not on a regular sport ?

If we do try to read up again the op then you will able to read this;

I have been gambling professionally since 2013. My bread and butter is esports; more specifically League of Legends. Ocasionally I will dip my feet in cs:go and football/soccer.

Which means that he's been on betting with LOL for too long.Switching other e-sports isnt impossible yet you can easily watch up history and make
it as a preference into your betting style.

When i do check out on how op do bet or when it comes to fund management then this one is really aggressive.One loss and it would blow it all.
Having the target of 500 bucks to 30k is achievable but at least it should be done in a bit conservative way.

[TopTort777]

Thanks for the answers.

Catch another two questions:

1. Dont you want to add dota2 to your game list as the game seems the same ? (geek question)
2. Are you planning to withdraw 30k with one batch or you gonna have several withdrawals? Or you gonna win, for example, 5k and make a first/partial withdrawal?

The reason I’m asking is because withdrawing 30k eur in one transaction might cause question in the bank or on gambling site.

~

The reason I’ve asked about the games because betting lol and cs:go only will narrow earning possibility.
For example you see a 99% win bet in fortnite - why not consider making a this bet, even if you dont know much about the game.

[TrumpBets]

really happy about my second bet; played it out perfectly; waited for the right moment and just went for it

https://imgur.com/a/4lECqnn

Looks like you are doing lots of live betting, where this is not always practicable, but could you post at least your pre-match bets in advance here ? Because those screenshots might not tell the whole story and it's easier to track for people then. If time, you could also post your live-bets here once submitted, although I know you probably couldn't care less while being in action and following the games.


@Betwrong
To not further derail the convo here, sorry @OP, we should move to this thread: https://bitcointalk.org/index.php?topic=5227515

ill try to post the pre-match bets in advance but most of my bets will be live anyway and i don't see any value of posting those since you will never catch the same odd

Thanks for the answers.

Catch another two questions:

1. Dont you want to add dota2 to your game list as the game seems the same ? (geek question)
2. Are you planning to withdraw 30k with one batch or you gonna have several withdrawals? Or you gonna win, for example, 5k and make a first/partial withdrawal?

The reason I’m asking is because withdrawing 30k eur in one transaction might cause question in the bank or on gambling site.

The reason I’ve asked about the games because betting lol and cs:go only will narrow earning possibility.
For example you see a 99% win bet in fortnite - why not consider making a this bet, even if you dont know much about the game.

so over the years i have created a system that works for me and provides enough possibilities by just sticking to few sports.
my system could be applied to almost any sport - for me personally this just happens to be LoL
i have withdrawn more money than that and i've never had trouble with my bank

[deisik]

By my estimations, assuming that one plays on autobet with 5 bets per second speed, 10 hours per day, 300 days per year, it's theoretically possible to make over 50 million bets within a year

See, I was right about your clock being skewed

Last time I checked, the day was more like 24 hours on planet Earth, with a year being 365 days (barring a leap year), which is what betting in auto-mode suggests (even if it is next to impossible to do in practice). So here's the most accurate and correct calculation to date:

5 bets per second x 3600 seconds in an hour x 24 hours a day x 365 days a year = over 157M bets

So, all in all, it would take you less than 7 years to reach 1 billion bets (and me less than 3 months to reach 31M bets). Well, not exactly a couple of years but still pretty close if you ask me

Play dice 1000000000000000000 times in a row and I can tell you exactly what you will lose - the house edge.

whether 1 billion bets is enough to say that you will lose exactly the house edge is a big question.

I remember we have already discussed this matter, and recently you have been forwarded to my topic where I actually show real-life stats proving that after 100k bets luck, as the only force opposing the house edge, becomes utterly irrelevant and inconsequential. Simply put, 1 billion bets, whether made by a single player or by a crowd of countless players, is a massive overkill in this regard

[tyKiwanuka]

ill try to post the pre-match bets in advance but most of my bets will be live anyway and i don't see any value of posting those since you will never catch the same odd

Thanks. It's not about (me) following your bets, but to follow, track, verify your challenge. No offense, but there are lots of people showing up here making lurid claims without being 100% transparent (often times not even 10% transparent). I think you know your stuff and are not one of those users. So, if you make a live-bet @1.5, where odds go down to @1.1 by the time of posting here, it's no problem, but helps with tracking. Good luck