Turning 500 into 10.000 with this system. Rate of succes ?
February 22nd, 2013 at 5:56:39 PM
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Please look at this system, it is designed for building a big bankroll quickly betting on sports.
But I believe it can be used for more areas than only sportsbetting.
I want to know the success rate for this strategy. Say I have a winning chance of 60% for each bet I place.
Starting Bankroll: 500
Final Goal: 10.000
First thing is to set smaller goals:
250, 500, 1000, 2500, 4500, 5500, 10000
Lets start:
A) You have 500. Then you risk 250 on odds >2.00. After you make +2 units (2 consecutive winning bets) your bankroll is 1000 and read paragraph B). If you dont hit, your bankroll is 250. From now on you play 50, until you reach again 500. And then repeat A) until you make 1000
B) After you make 2 units, your bankroll is 1000. Now you risk 500 on odds >2.00. You cannot fall behind and you have to make 5 units. After you make 5 units, you will have starting bankroll of 2500 and go to paragraph C). If you lose first bet, then you are back on 500 and start there again.
C) Let's say you make 2500. Here I suggest to risk 2000 on one game, because remember, our goal is not 4500, but 10.000. You will have to wait for one good pick >2.00 and you will need some luck too. If you hit this game, than your bankroll is already 4500 and go to paragraph D). If you don't hit it, go back to paragraph A).
D) If you hit it, your bankroll is 4500. If you came here, you already had some luck and you hit pretty well. In every sports betting, after bad run comes good run and after good run, always comes bad run. What I suggest here is to play 250 per game, until you make 5500. You will have to make +4 units (250/unit). Even if you fall behind 4500, still play 250. We don't want to burn 4500 of bankroll. After you reach those 4 units, your bankroll should be 5500. Here comes your play of the year. Risk 5000 on next game. If you will hit it, you will make 10.000. If you don't hit it, you go back to paragraph A).
But I believe it can be used for more areas than only sportsbetting.
I want to know the success rate for this strategy. Say I have a winning chance of 60% for each bet I place.
Starting Bankroll: 500
Final Goal: 10.000
First thing is to set smaller goals:
250, 500, 1000, 2500, 4500, 5500, 10000
Lets start:
A) You have 500. Then you risk 250 on odds >2.00. After you make +2 units (2 consecutive winning bets) your bankroll is 1000 and read paragraph B). If you dont hit, your bankroll is 250. From now on you play 50, until you reach again 500. And then repeat A) until you make 1000
B) After you make 2 units, your bankroll is 1000. Now you risk 500 on odds >2.00. You cannot fall behind and you have to make 5 units. After you make 5 units, you will have starting bankroll of 2500 and go to paragraph C). If you lose first bet, then you are back on 500 and start there again.
C) Let's say you make 2500. Here I suggest to risk 2000 on one game, because remember, our goal is not 4500, but 10.000. You will have to wait for one good pick >2.00 and you will need some luck too. If you hit this game, than your bankroll is already 4500 and go to paragraph D). If you don't hit it, go back to paragraph A).
D) If you hit it, your bankroll is 4500. If you came here, you already had some luck and you hit pretty well. In every sports betting, after bad run comes good run and after good run, always comes bad run. What I suggest here is to play 250 per game, until you make 5500. You will have to make +4 units (250/unit). Even if you fall behind 4500, still play 250. We don't want to burn 4500 of bankroll. After you reach those 4 units, your bankroll should be 5500. Here comes your play of the year. Risk 5000 on next game. If you will hit it, you will make 10.000. If you don't hit it, you go back to paragraph A).
February 22nd, 2013 at 6:03:05 PM
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Yeah, except the odds of you going broke after "A) is 3:1" and the odds of you getting to 500 is remote. The odds are >2.00. That means that your true odds of wininng is less than 1:2.
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February 22nd, 2013 at 6:36:36 PM
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Lets just say each bet is a coin flip with 50% win chance, if this makes it easier in order to compute the overall success rate.
For example, I am thinking that this system can be used in a accumulation blackjack tournament (with rebuys) where you have to turn you initial 200 chips into something like 4000 or higher.
For example, I am thinking that this system can be used in a accumulation blackjack tournament (with rebuys) where you have to turn you initial 200 chips into something like 4000 or higher.
February 23rd, 2013 at 12:35:41 AM
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Quote: PlayHunterLets just say each bet is a coin flip with 50% win chance, if this makes it easier in order to compute the overall success rate.
Oh thats simple. Since this is a zero-EV game, the chances from 500 to 10k (or nothing) is 5%.
