Gambling experiment - Doubling small stake for big gains

[Trofo]

I just got my monthly rewards on Stake and since I did not use them much in the last month they were very small indeed. Idea is place full amount on one ticket every day. Odds will probably be between 2-3 and if the ticket is won, everything goes to the next ticket.

Goals:
To see how far I can push it. I am starting with just 0.0000649 BTC and I will continue to bet it all until I reach serious money level (maybe around half a BTC) or loose. It is possible that I will split the bank in case things are going well.

Expectations:
I am expecting to bust out after couple of tickets, this is not a system and there is no fail safe. It is just experiment to see how far I can go. I don't think I ever had a run lasting more than couple of days so this is a way to try and challenge that.

Re-buy:
I should get some small amounts on Stake every Saturday as weekly bonus so I'll probably give this challenge a couple of tries.

Ticket 1:



Try 1:
Ended on the first ticket. See above.

Try 2:
Starting stake: 0.00004878
Ticket 1 WON Bank:0.00015765
Ticket 2 BUSTED

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[Lordhermes]

2-3 odds with a stake of 0.0000649BTC if we'll predicted will give a good RIO ratio and has a high risk management quotient. I majorly have a longer slip with 15-20 odds although most often I bet with little token. But a few times I stake larger coin. I find comfort staking of few leagues with higher odds.


Staking in Italian and Spanish league has made a huge fortune for me because most at times my prediction comes out right with much winnings

[leea-1334]

Good luck to you fellow gambler! This is also something I do a lot on a few sites when I have some unexpected small balance (it used to be referral fees at my former dice site that closed down every month I would take them).

I also like using the same tactics for freebets. Bet it on small amount of multis for 2-3x, then try it one or two more times to turn "free money" into 5x profit:)

[crwth]

Good luck with your experiment. If you manage to make it into the withdrawable state, I think it's best to cash it out and try again. Would it always be a double or nothing type of experiment? It will also be nice to put a summary in your post when you get to the journey.

[Hypnosis00]

I've seen this kind of experiment before,  and I personally tried it my own, betting on small odds through parlay and even using some martingale method on it but it doesn't work in the long run. Anyway, your outcome might be different, so I like to wish you luck and success on this experiment of yours so you can go with the big money. 

[Trofo]

First try is already a bust but no matter I just got some more dust today as my weekly bonus so tomorrow I can try again. I expected to fail but no on the first ticket, this was disappointing, especially the way how E. Frankfurt lost 4:0 and I expected them to win today. West ham also lost but they fought with man down and almost managed to snatch a point after loosing 2:0.

[Ulven]

I think it depends on luck, if you are lucky your expectations will be correct and otherwise the result will be disappointing. Indeed, if you have experience with your options while betting over time, you will have achieved some wins, compensating for some losses. I previously won a lot of bets on the Premier League and Spanish League matches in this way that I think is effective in the long term!!!

[CarnagexD]

This is actually good for the people who got small wins on their accounts that have gone unnoticed for a while. Those small amounts can be compounded through multiple wins which will then offer you huge gains for little to no risk since it's a small amount you've had to begin with. Although of course when it's ballooned up to a point that it's very noticeable, you may have to make the harsh decision of either stopping while you're ahead, or carrying on despite the huge risk margin. Anyhow, best of luck to you fellow gambler!
 

[magneto]

Parlaying does not increase your odds of winning in the long run.

You could always get lucky and win some crazy ticket (unlikely, since you seem to be doing 2-3x odds anyway and nothing in the neighbourhood of 100+x), but at the end of the day your EV is always going to be negative. In fact, your EV becomes progressively worse the more legs you take on on your parlay.

This is an instance where even if empirical evidence suggests that a strategy like this could be profitable, the hard maths still make it unfeasible.

[ralle14]

I also do the same parlays once in a while, its great when you manage to hit all of them but hitting several parlays in a row is a tough task to pull off though.

It'll be interesting to see the highs and lows of this experiment so best of luck on the next ticket and hopefully you'll get one going.

[Mauser]

Good luck buddy. It is always great to see new strategies being tried out here on the forum. I like the small stakes higher risk bets. Unfortunately I lost a bit with football bets this month so now I need to save up again before i can start gambling again. If we take risks we should get rewarded for it. Keep us posted with your strategy.

[ChuckBuck]

Hmm, I want this theme to continue to be updated in the coming days. My expectation could be 4 or 5 wins for you before you lose everything. I like the feeling that someone is hesitant to lose a large amount of money in one bet, just a little regret. Please don't lose the first time, it won't be interesting  Good luck, and don't forget to update the results!

[JohnBitCo]

I just got my monthly rewards on Stake and since I did not use them much in the last month they were very small indeed. Idea is place full amount on one ticket every day. Odds will probably be between 2-3 and if the ticket is won, everything goes to the next ticket.

The idea seems a good one but i don't think it will last long. Still it will be interesting to know the outcome of this experiment and it will only be possible if you can update your results here on daily basis. If you got successful, i myself will try it out.

[Trofo]

New try, hopefully I will get at least a bit of green streak going this time:
Napoli and Inter should play an exiting game with lots of goals in it so BTS on this one.
Southampton has dropped drastically in form and I am expecting Leicester to clinch their final spot today.

[leea-1334]

Parlaying does not increase your odds of winning in the long run.

You could always get lucky and win some crazy ticket (unlikely, since you seem to be doing 2-3x odds anyway and nothing in the neighbourhood of 100+x), but at the end of the day your EV is always going to be negative. In fact, your EV becomes progressively worse the more legs you take on on your parlay.

This is an instance where even if empirical evidence suggests that a strategy like this could be profitable, the hard maths still make it unfeasible.

I always wondered about this as well and from my own experience, I have not won more or less doing a lot of singles or a single parlay.

But I do see the point of value in parlays,,, many sites give you extra bonus for many multi legs. For example sports bet gives 5% boost on 5-legs, and it goes up every extra leg. The same as nitrogen I believe. So if you are sure of 5 games, why not?

[Twentyonepaylots]

It's actually a fair technique to use when you have just enough for a single game, or when you have a spare balance on your account that you can afford to lose. That being said, this tactic is heavily reliant in your odds of winning in the first few games, and becomes more and more unforgiving the more games you win. So even if it all came from a spare balance in the first place, there is still some form of risk involved. And this risk compounds the more you win.

[germsite]

I just got my monthly rewards on Stake and since I did not use them much in the last month they were very small indeed. Idea is place full amount on one ticket every day. Odds will probably be between 2-3 and if the ticket is won, everything goes to the next ticket.

Goals:
To see how far I can push it. I am starting with just 0.0000649 BTC and I will continue to bet it all until I reach serious money level (maybe around half a BTC) or loose. It is possible that I will split the bank in case things are going well.

Expectations:
I am expecting to bust out after couple of tickets, this is not a system and there is no fail safe. It is just experiment to see how far I can go. I don't think I ever had a run lasting more than couple of days so this is a way to try and challenge that.

Re-buy:
I should get some small amounts on Stake every Saturday as weekly bonus so I'll probably give this challenge a couple of tries.

Ticket 1:



Try 1:
Ended on the first ticket. See above.

Try 2:
Starting stake: 0.00004878
Current stake: in play
Ticket 1

Cool, for how long are you going to run that experiment and how many tries will you give it?

My prediction is you will never make it further than match day #4.

I got you correctly you want to place one bet per day and see how far you can get? Do you apply minimum odds somehow or just bet whatever you like?

I have done similar experiments before and was amazed how often one gets surprised by an unexpected loss or result in general. Even the big clubs usually fail frequently.

[danherbias07]

First time I heard  about monthly bonuses in Stake.com.
Yeah, I am still a newbie in their platform and I had been neglecting the e-mails they sent me which is where they provide the link for the bonus.
Just got it now, thanks to this thread mentioning about it. I only have 88 sats in my monthly bonuses.  Doesn't matter, that's still free money.

So, this is a new experiment with just using the bonuses. Unique. I will monitor how far it can go. Good luck.

[leea-1334]

Sorry to see that your very first bet failed, and in fact on the very first leg. This was a super sure game. West Ham flying and scoring like nobody else and versus a team that finds it so hard to score. Penalty cancelled out own goal but this was not to be. Oh well,,, good luck and keep trying as they say:)

[Lorence.xD]

I think it depends on luck, if you are lucky your expectations will be correct and otherwise the result will be disappointing. Indeed, if you have experience with your options while betting over time, you will have achieved some wins, compensating for some losses. I previously won a lot of bets on the Premier League and Spanish League matches in this way that I think is effective in the long term!!!

It's not luck, it's just probability and analysis of the bet. Good luck with the experiment and hope that OP can get a profit out of it even though OP lost his first bet.