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My Official £50-£46,000 betting challenge

Discussion in 'Sports Arena' started by robfosters, Dec 27, 2011.

  1. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,976

    Location: Welling, London

    At the weekend I will be embarking on a gambling challenge that I have been told about.

    The aim is simple.

    Each day, I will pick 3 bets which have prices of 1.02. Extremely low odds which really should be coming in every single time without fail.

    I'll put my whole bank (starting at £50) on each one. Basically if this is done every day for 16 weeks, the £50 will become £46,000.

    Sounds easy....probably isn't. There are a few hazards.

    1. Although 1.02 shots come in 99% of the time, like anything, they can fail. However, the chance is rare. For example, a game at 0-0 at half time will have odds of 1.03 for their to be 4 goals or less in the second half. Very likely to come in.

    2. Courage. If I get to £10k+, will I have the guts to stick it all on for a profit of £200. I will wait and see. I can't say until I get there.

    3. Liquidity. Sometimes, particularly towards the end, the money wont be available in betfair on one bet. I may have to end up splitting it between different bets. So my 3 bets a day may have to turn into 9 or so.

    I'm gonna give it a go as I have nothing better to do. I'll update this post periodically for anyone interested to show how i'm getting on.

    Rob
     
  2. no idea what

    Sgarrista

    Joined: Oct 5, 2009

    Posts: 9,705

    Location: Lincolnshire

    Interesting, but if it's so easy then surely more people would be doing this? :p

    Good luck to you sir :)
     
  3. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,976

    Location: Welling, London

    There could well be. They're just not sharing it with anyone.
     
  4. AGD

    Soldato

    Joined: Nov 23, 2007

    Posts: 5,048

    Statistics don't lie. There aren't more people doing this because it isn't a particularly good way to make money. Good luck though! :)
     
  5. uniQ

    Mobster

    Joined: May 8, 2011

    Posts: 4,910

    Location: HQ

    Looking forward to the first follow up announcing £50 down the drain lol :D
     
  6. lemonkettaz

    Capodecina

    Joined: Nov 28, 2005

    Posts: 11,782

    Does this mean you have to be correct 3 x a day x 16 weeks?

    So you have to be consecutively correct 336 times?
     
  7. Derek W

    Capodecina

    Joined: Oct 1, 2008

    Posts: 11,354

    Location: Glebe Park

    Good Luck :)
     
  8. rotters

    Soldato

    Joined: Nov 14, 2004

    Posts: 5,315

    Location: Hayle, Cornwall

    Good luck, but dont become an addict and lose your house.
     
  9. Skillmister

    Capodecina

    Joined: Oct 3, 2009

    Posts: 19,606

    Location: Wales

    I can see this being a £50-£0 venture :D
     
  10. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,976

    Location: Welling, London

    People are too pessimistic these days. You have to give things a go or you never know.
     
  11. booyaka

    Capodecina

    Joined: Jan 19, 2006

    Posts: 13,104

    i did something similar a while back

    £10 starting bank and any bet under 1.05, per day (1 bet a day), betting full bank each day.

    managed to go 51 days winning and had £120 or so going on to a 1.03 bet and it lost ( in play brazilian football, team was 3-0 up with 9 mins to play and ended 3-3!!!!)

    Good luck - it's good fun as i reminded myself I actually only lost £10!

    EDIT - in fact if the OP doesn't mind me crashing this thread - i'll start tomorrow with a £10 again and go from there??
     
  12. peterattheboro

    Capodecina

    Joined: Sep 24, 2005

    Posts: 19,992

    Location: Middlesbrough

    Very interesting......

    Hope you succeed :D
     
  13. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,976

    Location: Welling, London

    Not at all. Let us know how you get on.

    For me it's 3 bets a day at 1.03 or under.

    Sports I will be playing are football (leagues and teams I know), Cricket and Snooker.

    All the rest are minefields and should be avoided. particularly tennis :mad:
     
  14. peterattheboro

    Capodecina

    Joined: Sep 24, 2005

    Posts: 19,992

    Location: Middlesbrough

    Will you only be doing live betting then?
     
  15. Mawat

    Gangster

    Joined: Oct 30, 2011

    Posts: 162

    Oo intriguing. Subbed :)
     
  16. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,976

    Location: Welling, London

    Hardly any 1.02-1.03 prices before the off. Usually just in-play.

    Football is the best. You can decent 1.02's before the off. Sometimes more. For example, Liverpool play Newcastle on Friday. This fixture always and I mean always has goals.

    The price for 1 or more goals is 1.07. That's 5 MORE points than 1.02. So in theory, if you bet on that game, you could do your entire 3 bets in one bet. Although you would be breaking the 1.02 rule. If it came in, great. But if not, you would be kicking yourself.

    All you want is one goal. Nailed on imo.
     
    Last edited: Dec 27, 2011
  17. lemonkettaz

    Capodecina

    Joined: Nov 28, 2005

    Posts: 11,782

    0-0
     
  18. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,976

    Location: Welling, London

    No chance.
     
  19. lemonkettaz

    Capodecina

    Joined: Nov 28, 2005

    Posts: 11,782

    It sounds like a good idea,

    When i do accumulators I only ever put the dead certs on.... someone always draws.

    But your plan "seems" fool proof... ive thought about it before, but surely loads of people and done it and failed... more than done it and won big
     
  20. Jimbeam3678

    Capodecina

    Joined: Dec 8, 2002

    Posts: 17,816

    Location: North Yorkshire

    You've all forgotten one thing ........ Bookies/casinos never lose.