I have seen
many sports betting challenges on the Internet in the trend of turning amount x
into 1 or 2k with a 1 bet a time or day!
My 1K
challenge is based on this principle only with a banking rule addition.
Most of
these challenges start with one bet and they keep on betting with the profit
and original stake from the previous bet, until they ran into a loosing bet.
After which they start all over again. So each bet they are risking it all. I
do understand that this is maybe the fastest road to the ultimate goal, but I'm
not willing to go all-in at every bet.
This is why
I did introduce some kind of banking hopefully preventing me from going
bankrupt.
2 kinds of
banking principles could be used for this challenge.
One where
you do bank some money after a number of winning bets and the other were you do
bank a % of the profit after each winning bet. I do prefer the other.
Why? If you
are having a bad streak your bankroll dry’s up incredibly fast and maybe you
will never reach your banking point.
With
banking some of the profit, each winning bet will give you some money back as
return on investment; it can be compared with the pay-out of dividends on the
stock exchanges.
While this
does not guarantee that your initial investment will be recovered, it will
slowly rebuild/increase your bankroll.
During my
trial of the challenge I did manage to place 15 winning bets in a row, without
banking I would have lost it all, with the banking principle I did loose my
initial stake of €2 but I was capable of increasing my bankroll with 50%.
Due to the
nature of the betting scheme I do place more bets that I normally do, but this
also has a positive thing behind it. Unibet does show their appreciation once
in a while by giving me a free bet of around €3.
So my idea
is to bank a certain % of the profit made on the bet, this % increases when the
ante of bet increases. I did set up following banking table. There is no mathematics
behind the %s but is just something I came up with.
Ante Banking
1-10 20%
10-20 25%
20-30 30%
30-50 35%
50-75 40%
75-100 45%
> 100 50 %
So suppose
my first bet is a winning one with an ante of €2 and 1.2 odds. This would mean
that the ante of my next bet is €2.32
The profit
was €0.40, and 20% of this is €0,08,
As you can
see in the beginning the banking is minimal.
When a bet
is for instance €15 and the odds are 1,3 then I would be able to bank €1,13.
My challenge
has only 4 strict rules.
Rule 1:
Always at max 1 running bet.
Rule 2:
After a loosing bet, the new ante for the next bet will be the maximum of €2 of
10% of the current bankroll.
Rule 3:
Banking rules should be followed strictly. The banking rules will be explained
below.
Rule 4:
When the current betting streak reaches 1K, I will withdraw €500.
Starting
bankroll is €33,05.
The
preferred bookmaker is Unibet.
Based on my
starting bankroll and my banking principle I do have at least 13 attempts to
reach the 1K mark.
Let's see
if I can do the impossible!
Cheers,
Dremeber
