Double Your Bankroll Challenge: What’s Your Strategy?

[SmartGold01]

I think it would have been more interesting if there was a poll.

Anyway, since you didn't specify that the contest would only reward the player that would make it to $2,000 first, then I don't think there's any time pressure. If that's the case, I won't be in a hurry. I'd do it little by little, making sure that each of my bets would bring me closer to $2,000.

But if there was a rule that whoever doubles his/her bankroll first will get the prize, then I would just choose the best match and bet everything.

You don't know me, please is it already pleasing you can get.
Gambling is cool while gambling with the amount that is extremely low than gambling with the whole amount and happens to win all my bet skip. There are lot people who aren't ready to enter the bad wrong hands over the forum.

[laijsica]

I am not making it mandatory to get the prize what is mandatory is that I say if it goes from $1000 to $2000 then how much of my money and ability can I keep with my financial management. Personally I don't use that much money in terms of bankroll but if I guess I will have that amount of money then I will spread the bets and refrain from playing at one time. I think about winning differently like I would expect $15k or $15k but it is a bet. There will be a combination of many bets. I think thoughtless gamblers will use their funds at the same time and try to get a one time win but professional gamblers will participate in the game with multiple budgets to keep the chances of winning alive.

[maydna]

I will use it out little by little, managing my bankroll, hoping it will give me a win. Once I win, I will double the bet and continue playing but I realize this will not make me win many times.

Doubling your bankroll is difficult so you must think twice before participating in similar events. The chance to win many times will not be bigger but you have a bigger chance of loss. So you need to be wise in managing your bankroll.

No shortcuts to win much or double your bankroll. You will face many losses if you become emotional. It is gambling so we must realize that winning is difficult. We can only try what we can and not expect too much.

[Fivestar4everMVP]

Just curious how you guys would handle this one. Imagine you’re in a contest with $1,000 as your bankroll, and the only goal is to double it. If you manage to hit $2,000, you win $10k as the prize.

Now here’s the catch.. no hedging, no shortcuts. You gotta play it straight.

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

I wanna see if people here are more “all-in or nothing” types or the careful, percentage bettors.

This is a very trickish question, one I find a bit difficult to get an answer for, but be it as it may, I will try to answer based on my own personal perspective.

Winnning in gambling is all about luck, someone may not want to much of stress, and for this reason, he or she would go all in on a game with that $1k, believing that it's either he or she wins or perish.
But as for me, I would rather choose to grind by spending the $1k on games little by little, atleast, this can help to have something to go back home with assuming the other contestant went all in and won, and hit the target of $2k, I who spent a little on a game can still have some change to go back home with..
Betting with the entire $1k all at once on a single game is like putting all your eggs in one basket, it is highly risky because if anything goes wrong, that money is gone and you are out of the contest, but on the other hand, if you win, then you are the most lucky person at that moment.

[LastKiss]

~snip~

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

I wanna see if people here are more “all-in or nothing” types or the careful, percentage bettors.

Last year, I challenged myself with a dice game, starting with a capital of $500 to $1000. I managed to hit my target, but unfortunately, greed got me. I clicked the play button(auto play) one more time and just like that, my balance dropped back to $600 after that I've decided to take a break and give myself some time before stepping back into gambling.

[LogitechMouse]

Just curious how you guys would handle this one. Imagine you’re in a contest with $1,000 as your bankroll, and the only goal is to double it. If you manage to hit $2,000, you win $10k as the prize.

Now here’s the catch.. no hedging, no shortcuts. You gotta play it straight.

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

I wanna see if people here are more “all-in or nothing” types or the careful, percentage bettors.

The first thing that comes to my mind is that "I'll always go on favorites on NBA games or any sports games that I'm familiar with." so that's my approach when this happens to me. Not going all-in, but will use a portion of the $1000.

TBH, I haven't done this experiment, but in the future, I might try and use a small portion of my money, deposit it and will put my bets on the favorites every single day, and will put it all in a journal. I wonder if there's somebody who did that already, and what's the result. Aside from my approach, I'm also thinking of just putting it all-in on a favorite team every single day until I double my money. I will never put this money on slots since you have low chance of doubling your money there. Putting it on sports betting and doubling your money might take a bit longer, but less risky at least for me.

[mcdouglasx]

I think that betting it all would be the riskiest decision, because you only have one chance and if you lose you can forget about the prize, the best option would be to bet 200 at a time in a controlled way and you will always have more statistical options, another thing that you don't mention is the time limit you have to reach the goal, that is an important factor to take into account, because if you have a long time the option of betting it all becomes even more absurd.

[yahoo62278]

Just curious how you guys would handle this one. Imagine you’re in a contest with $1,000 as your bankroll, and the only goal is to double it. If you manage to hit $2,000, you win $10k as the prize.

Now here’s the catch.. no hedging, no shortcuts. You gotta play it straight.

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

I wanna see if people here are more “all-in or nothing” types or the careful, percentage bettors.

I'm headed to dice and looking for x100 multis with an increase on loss of 1.18% reset on win. Starting with a .1 base bet and letting it roll. Obviously not a guaranteed strat that will win, but I have had some good runs using this strat. I don't know the exact numbers, but I'd say better than a 50% chance of getting close to a double if I let the bot run. Maybe if I get halfway there I might start trying a few large live bets on football since the season is starting in college and the NFL.

[Samlucky O]

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

It's very simple, I will slice my bankroll into tiny pieces to increase my chances of wining since betting all in one will be very risky. I will stake $200 for 3-4odd in 5 places or in 5 tickets if I am lucky to win all ticket then the competition is sure but If I only win 2 or 3 tickets I will still repeat the same process till I win huge. You know sometime gambling can be challenging, it looks so simple like doubling $1k will be possible by just staking on. 2odd multiplier but trying it may just end the bankroll at once.

[danherbias07]

The real problem here is the mindset. If that $1000 is a freebie and will just be used to aim for the $10k prize, then it will definitely change the strategy of a gambler.

Still, I might want to enjoy it first. I won't bet on one chance only. I might make a parlay consisting of a very high chance of winning until it makes x2. I will only bet $250. If it wins, then I am 25 percent above the initial money, and I just need to do it 3 more times to complete the task.
Yes, I am a careful bettor, especially if the money is mine. But I would do the same with freebies if there's an offer of prize money in the end. It's still a competitive task.

[nullama]

Just curious how you guys would handle this one. Imagine you’re in a contest with $1,000 as your bankroll, and the only goal is to double it. If you manage to hit $2,000, you win $10k as the prize.

Now here’s the catch.. no hedging, no shortcuts. You gotta play it straight.

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

I wanna see if people here are more “all-in or nothing” types or the careful, percentage bettors.

To be honest, I would just pick a game that is close to 50/50 and just go for it at once.

The more you play, the closer the odds are to the reality, so you might get lucky once, but harder to get lucky many times with small amounts.

The most probable outcome is to lose anyway, so at least I won't be losing more time as well, all in just in one go.

[Mr. Magkaisa]

I will divide the bank roll to 10 bets which will be 100 USD pero bonus spin BUY!
I always choose  VIKING FORGE or BILLIONAIRE BONANZA.
If i want a quick gambling and target is double this is effective to me like 70 percent or more.

GO to BAccarrat go all in at once.  just another option.

[yahoo62278]

GO to BAccarrat go all in at once.  just another option.

Baccarrat seems more like a slow grind game vs all in for 1 hand. If for nothing else I would probably rather grind it out for the entertainment value vs the adrenaline rush of the 1 hand. The goal is to double, not pray to get lucky right?

[Agbamoni]

If you give me $1,000 and the target is $2,000, I won’t risk it all at once. It will be smarter spreading it in two games. Meaning taking a 50% risk. The first risk is to If the first half fails, I still have a chance to recover with the second. And if the first one enters, its just a game left to reach the target. Being a good better is to bet smarter, maximizing your survival chance and aiming faster to the target.

[Cantsay]

You can't be wagering $1000 for a prize of $10,000, that's too much, should be $200 prize.
I will stay away from casino games if I'm been given a target to reach, I'll only play strategic based games like poker, and sport betting.

I can't use all the funds, $50 separate games with total 3 odds each for $200 first day trial will be good for me.

For contests like this, I think only sport betting can be used because casino games really ain’t something you’d categorize as a skilled based game.

For me, it depends on how I’ll handle it, I know a lot of people went with the bit by bit strategy but I think betting half of it once isn’t that bad, I’ll go with the first half of the whole $1,000 bankroll and bet on a game that’s at most 2.0 odds that way if I win I’ll be half way through it but if I lose I’ll still have the other half to try my luck with again. That’s more risky but it will be lot faster than going with the bit by bit method.

[DaNNy001]

Just curious how you guys would handle this one. Imagine you’re in a contest with $1,000 as your bankroll, and the only goal is to double it. If you manage to hit $2,000, you win $10k as the prize.

Now here’s the catch.. no hedging, no shortcuts. You gotta play it straight.

Would you just slam the whole $1,000 on one bet and hope it lands, or would you grind it out little by little, managing your bankroll like a pro?

I wanna see if people here are more “all-in or nothing” types or the careful, percentage bettors.

Some bettors don't realize how difficult it is to win from placing bets little by little, this is simply a rollover tactic and it's has a lot of risks involved...you can aim to achieve your target in five days and end up losing everything entirely on that fourth day...this is the reason why I prefer to take the risk of just betting on a single game, all I have to do is carefully select the games I'm going to bet on and do proper research, two games should be enough

[Japinat]

Some bettors don't realize how difficult it is to win from placing bets little by little, this is simply a rollover tactic and it's has a lot of risks involved...you can aim to achieve your target in five days and end up losing everything entirely on that fourth day...this is the reason why I prefer to take the risk of just betting on a single game, all I have to do is carefully select the games I'm going to bet on and do proper research, two games should be enough

On games with house edge this is difficult, but on sports betting (which OP was referring to), this is exactly the right thing. If you look at how professionals play, they always protect their bankroll. They set up a decent roll and then manage it slowly per stake.

They’re not aggressive, because they believe in consistency more than luck. And if they’re successful doing it that way, then I don’t see any reason not to follow them.

[Z-tight]

I would not wager it all in one go, neither will i break it into too many tiny bits. I would divide it into two bits only, so i would wager that twice, or at most i could divide it into three and wager three times. The only reason i would not wager it at one go is so i don't lose it all without a second opportunity. If i divide it into two and lose at the first try, i know i have it all to do in the final attempt.

As for the game i would wager on, it is surely going to be football betting, probably single bets and not combos.

[freedomgo]

As for the game i would wager on, it is surely going to be football betting, probably single bets and not combos.

In competitions like this, the focus is really on probability. That’s why I think parlays aren’t a good idea since they lower the overall chance of winning. Sometimes we see them as attractive because they look like a shortcut to bigger money, but if you look at the math, it’s different. Even a simple 2-leg parlay only gives you around 30%+ probability. So while the payout looks tempting, the odds are actually stacked against you.

[Inwestour]

My strategy won’t change depending on my goal. In fact, I don’t set myself the goal of making money from gambling or doubling my deposit, so I don’t even think about it. And I believe that if you can win, you will just do it, and if you play with losses, then no matter what goals you set, it still won’t change anything. A goal is simply a decision about when you will withdraw your winnings, whether it’s after earning 10% or 100%.