The rags to riches challenge (Tron): update 1
Well the challenge did start with a bummer. The initial deposit of 250 TRX was quickly lost. Luckily I did found some leaks in my play, which does explain them on one side and will give me some more insight for the part 2 of the challenge. I did play with a TRX bookie which also was available via the mobile. This did result into too much bets without euhm thinking or research if I do need to write it down in some nicer words. I was trying to run a sprint while I had a marathon ahead of me. This did result into a rocket start, but the fuel was burned already before the first mile of the marathon was over. Such a challenge really has to be seen as a marathon. Countermeasures! So I was forced to take some countermeasures to avoid (read minimize) the leaks from the first part. This is way I did move the challenge to a bookie which is only available via desktop. This removes the quick bets for a part. But I will not deny that there are still some and probably there will be some of those in the future! To be exact, I did move the challenge to Wink. This had beside the advantage of above also a small disadvantage. The problem here is that the minimal bet is 100 TRX in stead of 50 TRX. Still I will keep the end goal in first instance on 5K TRX. Wink also does offer some live tokens while sportsbetting. So each bet does increase my live tokens a little bit, giving me a share of the daily profit. The stats! Currently attempt has kicked of, but I am in the green for the moment. This is due to the fact that I am banking more than I did initially plan. I will keep doing this until I do reach a bankroll which allows me at least 10 more attempts. This causes a both side of the story syndrome. Due to the fact that the bankroll tells me that I do have plenty of attempts left, it is possible that I will think that more risky bets are allowed. The other side of the story does give me some rest after a loosing bet. There is no urge to start chasing that attempt, which just gives some kind of rest. The first attempt did strand at bet number 10. There is no use at looking at the winning bets, but the loosing bets you have to analyse. Was it a bet which I would play again or was it a stupid bet? That is a question which you should ask yourselves after each loosing bet, if the answer is that you would play the bet again, then there is nothing wrong. If you wouldn't play the bet again, one should ask why you did play the bet and learn from it. The bet which did end attempt one. Was maybe a bet a normally wouldn't play anymore. It was a live bet on the Kerber vs Garcia game. After a break I did think that Kerber would win the specific set but I was wrong. Painfully to crash an attempt with a loosing bet of odds 1.12. Ouch. Attempt 2 did had a rocket start with 2 bets back to back winning with odds of 1.57! Resulting in a loss of 22 TRX in the attempt. Here the failed bet had odds of 1.16. Doubtful if I would play the bet again. An equalizer in the last minutes of the game really can hurt. Attempt 3 so far was my best attempt. 176 TRX profit was made and the attempt did strand on bet 11. And this was a bet which I would play time after time again. The lost bet was a live bet on the Juventus - Porto game. The odds for Juventus to qualify where 1.35. Remember that Porto was with a men down after a red card and Juventus was really pushing Porto back to their own goal. With 30 minutes of extra time, this was in my opinion a no brainer. But ... the rest is history. This was also the attempt that I did bank more than I was planned. I didn't want to move up the stake to soon and did was to build up the bankroll. And it was correct that I did because attempt 4 was a stupid bet and did end after only one attempt. Currently attempt 5 is 1 bets far. Odds of 1.3 was won. Let's see if attempt 5 can break the record winning streak and if it does, that it isn't followed by again a one bet attempt! If I would pull the plug from the challenge, which I wont, I would end up with a whopping profit of 127 TRX :). But I do have to admit that I didn't had soo much fun with betting as in the last week! Cheers, Peter
The rags to riches challenge (Tron): update 1
Well the challenge did start with a bummer. The initial deposit of 250 TRX was quickly lost. Luckily I did found some leaks in my play, which does explain them on one side and will give me some more insight for the part 2 of the challenge. I did play with a TRX bookie which also was available via the mobile. This did result into too much bets without euhm thinking or research if I do need to write it down in some nicer words. I was trying to run a sprint while I had a marathon ahead of me. This did result into a rocket start, but the fuel was burned already before the first mile of the marathon was over. Such a challenge really has to be seen as a marathon. Countermeasures! So I was forced to take some countermeasures to avoid (read minimize) the leaks from the first part. This is way I did move the challenge to a bookie which is only available via desktop. This removes the quick bets for a part. But I will not deny that there are still some and probably there will be some of those in the future! To be exact, I did move the challenge to Wink. This had beside the advantage of above also a small disadvantage. The problem here is that the minimal bet is 100 TRX in stead of 50 TRX. Still I will keep the end goal in first instance on 5K TRX. Wink also does offer some live tokens while sportsbetting. So each bet does increase my live tokens a little bit, giving me a share of the daily profit. The stats! Currently attempt has kicked of, but I am in the green for the moment. This is due to the fact that I am banking more than I did initially plan. I will keep doing this until I do reach a bankroll which allows me at least 10 more attempts. This causes a both side of the story syndrome. Due to the fact that the bankroll tells me that I do have plenty of attempts left, it is possible that I will think that more risky bets are allowed. The other side of the story does give me some rest after a loosing bet. There is no urge to start chasing that attempt, which just gives some kind of rest. The first attempt did strand at bet number 10. There is no use at looking at the winning bets, but the loosing bets you have to analyse. Was it a bet which I would play again or was it a stupid bet? That is a question which you should ask yourselves after each loosing bet, if the answer is that you would play the bet again, then there is nothing wrong. If you wouldn't play the bet again, one should ask why you did play the bet and learn from it. The bet which did end attempt one. Was maybe a bet a normally wouldn't play anymore. It was a live bet on the Kerber vs Garcia game. After a break I did think that Kerber would win the specific set but I was wrong. Painfully to crash an attempt with a loosing bet of odds 1.12. Ouch. Attempt 2 did had a rocket start with 2 bets back to back winning with odds of 1.57! Resulting in a loss of 22 TRX in the attempt. Here the failed bet had odds of 1.16. Doubtful if I would play the bet again. An equalizer in the last minutes of the game really can hurt. Attempt 3 so far was my best attempt. 176 TRX profit was made and the attempt did strand on bet 11. And this was a bet which I would play time after time again. The lost bet was a live bet on the Juventus - Porto game. The odds for Juventus to qualify where 1.35. Remember that Porto was with a men down after a red card and Juventus was really pushing Porto back to their own goal. With 30 minutes of extra time, this was in my opinion a no brainer. But ... the rest is history. This was also the attempt that I did bank more than I was planned. I didn't want to move up the stake to soon and did was to build up the bankroll. And it was correct that I did because attempt 4 was a stupid bet and did end after only one attempt. Currently attempt 5 is 1 bets far. Odds of 1.3 was won. Let's see if attempt 5 can break the record winning streak and if it does, that it isn't followed by again a one bet attempt! If I would pull the plug from the challenge, which I wont, I would end up with a whopping profit of 127 TRX :). But I do have to admit that I didn't had soo much fun with betting as in the last week! Cheers, Peter
The rags to riches challenge (Tron): update 1
Well the challenge did start with a bummer. The initial deposit of 250 TRX was quickly lost. Luckily I did found some leaks in my play, which does explain them on one side and will give me some more insight for the part 2 of the challenge. I did play with a TRX bookie which also was available via the mobile. This did result into too much bets without euhm thinking or research if I do need to write it down in some nicer words. I was trying to run a sprint while I had a marathon ahead of me. This did result into a rocket start, but the fuel was burned already before the first mile of the marathon was over. Such a challenge really has to be seen as a marathon. Countermeasures! So I was forced to take some countermeasures to avoid (read minimize) the leaks from the first part. This is way I did move the challenge to a bookie which is only available via desktop. This removes the quick bets for a part. But I will not deny that there are still some and probably there will be some of those in the future! To be exact, I did move the challenge to Wink. This had beside the advantage of above also a small disadvantage. The problem here is that the minimal bet is 100 TRX in stead of 50 TRX. Still I will keep the end goal in first instance on 5K TRX. Wink also does offer some live tokens while sportsbetting. So each bet does increase my live tokens a little bit, giving me a share of the daily profit. The stats! Currently attempt has kicked of, but I am in the green for the moment. This is due to the fact that I am banking more than I did initially plan. I will keep doing this until I do reach a bankroll which allows me at least 10 more attempts. This causes a both side of the story syndrome. Due to the fact that the bankroll tells me that I do have plenty of attempts left, it is possible that I will think that more risky bets are allowed. The other side of the story does give me some rest after a loosing bet. There is no urge to start chasing that attempt, which just gives some kind of rest. The first attempt did strand at bet number 10. There is no use at looking at the winning bets, but the loosing bets you have to analyse. Was it a bet which I would play again or was it a stupid bet? That is a question which you should ask yourselves after each loosing bet, if the answer is that you would play the bet again, then there is nothing wrong. If you wouldn't play the bet again, one should ask why you did play the bet and learn from it. The bet which did end attempt one. Was maybe a bet a normally wouldn't play anymore. It was a live bet on the Kerber vs Garcia game. After a break I did think that Kerber would win the specific set but I was wrong. Painfully to crash an attempt with a loosing bet of odds 1.12. Ouch. Attempt 2 did had a rocket start with 2 bets back to back winning with odds of 1.57! Resulting in a loss of 22 TRX in the attempt. Here the failed bet had odds of 1.16. Doubtful if I would play the bet again. An equalizer in the last minutes of the game really can hurt. Attempt 3 so far was my best attempt. 176 TRX profit was made and the attempt did strand on bet 11. And this was a bet which I would play time after time again. The lost bet was a live bet on the Juventus - Porto game. The odds for Juventus to qualify where 1.35. Remember that Porto was with a men down after a red card and Juventus was really pushing Porto back to their own goal. With 30 minutes of extra time, this was in my opinion a no brainer. But ... the rest is history. This was also the attempt that I did bank more than I was planned. I didn't want to move up the stake to soon and did was to build up the bankroll. And it was correct that I did because attempt 4 was a stupid bet and did end after only one attempt. Currently attempt 5 is 1 bets far. Odds of 1.3 was won. Let's see if attempt 5 can break the record winning streak and if it does, that it isn't followed by again a one bet attempt! If I would pull the plug from the challenge, which I wont, I would end up with a whopping profit of 127 TRX :). But I do have to admit that I didn't had soo much fun with betting as in the last week! Cheers, Peter
The rags to riches betting challenge! From 50TRX to 5K TRX!
Well I have this in my mind for a long time and a week or so ago, the plan did turn into actions! For the one not familiar with the betting challenge, it is pretty straight forward. You do start with a base bet and if the bet is won, the complete pay-out is the ante for the next bet. So you are just rolling over until the goal has been reached. Depending on the starting bet, the odds used and some banking possibilities, you could need a rather big winning streak, in most cases stretching 20 or more. Why? Well I have been sports betting for a long time. Not constantly but with intervals. Each time at the start of a new football season I do load up some funds and see how far I get. Like 99% of the people the funds were gone at the end of the season. No problem for me because I do see it as a hobby. Nothing wrong with that in my opinion. The strange thing is that almost all funds evaporate in a few weeks. This are the week that lady luck isn't at your side. Most of us do start to increase the ante, which is in most cases the beginning of the end! Currently I am in such a period. But lessons learned. The stakes aren't increased and I am sitting most of the time on the side line, waiting for a bet which could start a winning streak again. So I was thinking and reading about the betting challenge and decided to give it a shot! As a real crypto gambler I will do the challenge with Tron. I know there are other possibilities but you do have to start somewhere. I had some spare TRX around so it was obvious. From where to where! Well this is one of the most important decision to make. Your base bet does give an indication how fast it could go or how slow. Suppose that you do want to reach 1K and start with 50. If we take average odds of 1.2, 18 winning bets back to back are needed. If you would start the challenge from 100 a streak of only 14 bets would do the trick! But starting with the complete bankroll probably isn't very smart at all. It is hard enough to complete the challenge, let alone to succeed from the first attempt! I did reserve 250 TRX for this challenge and because I do want to give myself at least 5 attempts, my base bet will be 50 TRX. My goal has been set on 5K TRX. Why? Well I don't know, just sounded like a nice ball park figure. My simulator tell me that I would need 26 consecutive winning bets to complete the challenge with average odds of 1.2. I could go faster with higher odds but my test runs tell me that the average odds for me are between 1.2 and 1.25. 1.25 odds would require only 21 bets :) While my secret goal is much higher, I will limit it on 5K. If and when I would succeed in this, I can withdraw some funds, start over again and start with a higher base bet. Banking! But wait I will make this challenge a little bit harder on myself. I am not going to roll over the complete 100% of the previous bet. I will bank 5% of the previous bet, hoping to grant myself some more attempt. This of course has the downside that the start of the streak will be less rewarding and that the ante don't climb as fast as without a banking mechanism. This more or less will require 2 extra bets. But this also has some advantages, the higher the ante becomes, the tougher it will get to risk it all. While you do know that in fact only 50 TRX are at risk (aka the starting bet), your mind does tells you something different! And let's honest the mind is right in this case. With a banking mechanism I will give myself an extra attempt after of winning streak of around 8 bets! The records! This is also a good real life case for me to get used to Apple's Numbers. I recently bought a macbook and have to admit that it takes some time to get used to Number. Compared to Excel, this is a complete different spreadsheet. And to be honest I doubt that I will ever convert my real betting record sheet to Numbers ever. But like I said Numbers will be used to track my progress. I did create 3 worksheet to track it all and am still doubting if I will add a sport to it or not. Most bets will be Football and Tennis related. Sheet 1 was the easiest one, this is where I do record the bets. But due to the banking mechanism it got a little bit more complicated than initially planned. I do have to enter, the date, ante, odds and win or loss and all the rest is automated. The sheet calculates the input for the next bet based on my banking mechanism. If I do get into a bigger winning streak, I only have to change 1 cell on sheet number 2. Sheet number 2 tells me everything I do want to know. It give per attempt, the number of bets placed, the average odds used, the max ante and the profit/loss statement for that attempt. It also gives me some overall stats like Current bankroll, attempts left, the longest winning streak, lowest odds loosing bet (the painful one) and so on! Last but not least I also did create some kind of simulator. I only need to enter the starting bet, the average odds and the goal and I will show me how much bets are needed to reach the desired goal. Here I can turn on and off the banking mechanism! I will report my progress on a frequent basis. This is a way to confront myself with some stupid bets! Cheers, Peter
The rags to riches betting challenge! From 50TRX to 5K TRX!
Well I have this in my mind for a long time and a week or so ago, the plan did turn into actions! For the one not familiar with the betting challenge, it is pretty straight forward. You do start with a base bet and if the bet is won, the complete pay-out is the ante for the next bet. So you are just rolling over until the goal has been reached. Depending on the starting bet, the odds used and some banking possibilities, you could need a rather big winning streak, in most cases stretching 20 or more. Why? Well I have been sports betting for a long time. Not constantly but with intervals. Each time at the start of a new football season I do load up some funds and see how far I get. Like 99% of the people the funds were gone at the end of the season. No problem for me because I do see it as a hobby. Nothing wrong with that in my opinion. The strange thing is that almost all funds evaporate in a few weeks. This are the week that lady luck isn't at your side. Most of us do start to increase the ante, which is in most cases the beginning of the end! Currently I am in such a period. But lessons learned. The stakes aren't increased and I am sitting most of the time on the side line, waiting for a bet which could start a winning streak again. So I was thinking and reading about the betting challenge and decided to give it a shot! As a real crypto gambler I will do the challenge with Tron. I know there are other possibilities but you do have to start somewhere. I had some spare TRX around so it was obvious. From where to where! Well this is one of the most important decision to make. Your base bet does give an indication how fast it could go or how slow. Suppose that you do want to reach 1K and start with 50. If we take average odds of 1.2, 18 winning bets back to back are needed. If you would start the challenge from 100 a streak of only 14 bets would do the trick! But starting with the complete bankroll probably isn't very smart at all. It is hard enough to complete the challenge, let alone to succeed from the first attempt! I did reserve 250 TRX for this challenge and because I do want to give myself at least 5 attempts, my base bet will be 50 TRX. My goal has been set on 5K TRX. Why? Well I don't know, just sounded like a nice ball park figure. My simulator tell me that I would need 26 consecutive winning bets to complete the challenge with average odds of 1.2. I could go faster with higher odds but my test runs tell me that the average odds for me are between 1.2 and 1.25. 1.25 odds would require only 21 bets :) While my secret goal is much higher, I will limit it on 5K. If and when I would succeed in this, I can withdraw some funds, start over again and start with a higher base bet. Banking! But wait I will make this challenge a little bit harder on myself. I am not going to roll over the complete 100% of the previous bet. I will bank 5% of the previous bet, hoping to grant myself some more attempt. This of course has the downside that the start of the streak will be less rewarding and that the ante don't climb as fast as without a banking mechanism. This more or less will require 2 extra bets. But this also has some advantages, the higher the ante becomes, the tougher it will get to risk it all. While you do know that in fact only 50 TRX are at risk (aka the starting bet), your mind does tells you something different! And let's honest the mind is right in this case. With a banking mechanism I will give myself an extra attempt after of winning streak of around 8 bets! The records! This is also a good real life case for me to get used to Apple's Numbers. I recently bought a macbook and have to admit that it takes some time to get used to Number. Compared to Excel, this is a complete different spreadsheet. And to be honest I doubt that I will ever convert my real betting record sheet to Numbers ever. But like I said Numbers will be used to track my progress. I did create 3 worksheet to track it all and am still doubting if I will add a sport to it or not. Most bets will be Football and Tennis related. Sheet 1 was the easiest one, this is where I do record the bets. But due to the banking mechanism it got a little bit more complicated than initially planned. I do have to enter, the date, ante, odds and win or loss and all the rest is automated. The sheet calculates the input for the next bet based on my banking mechanism. If I do get into a bigger winning streak, I only have to change 1 cell on sheet number 2. Sheet number 2 tells me everything I do want to know. It give per attempt, the number of bets placed, the average odds used, the max ante and the profit/loss statement for that attempt. It also gives me some overall stats like Current bankroll, attempts left, the longest winning streak, lowest odds loosing bet (the painful one) and so on! Last but not least I also did create some kind of simulator. I only need to enter the starting bet, the average odds and the goal and I will show me how much bets are needed to reach the desired goal. Here I can turn on and off the banking mechanism! I will report my progress on a frequent basis. This is a way to confront myself with some stupid bets! Cheers, Peter
The rags to riches betting challenge! From 50TRX to 5K TRX!
Well I have this in my mind for a long time and a week or so ago, the plan did turn into actions! For the one not familiar with the betting challenge, it is pretty straight forward. You do start with a base bet and if the bet is won, the complete pay-out is the ante for the next bet. So you are just rolling over until the goal has been reached. Depending on the starting bet, the odds used and some banking possibilities, you could need a rather big winning streak, in most cases stretching 20 or more. Why? Well I have been sports betting for a long time. Not constantly but with intervals. Each time at the start of a new football season I do load up some funds and see how far I get. Like 99% of the people the funds were gone at the end of the season. No problem for me because I do see it as a hobby. Nothing wrong with that in my opinion. The strange thing is that almost all funds evaporate in a few weeks. This are the week that lady luck isn't at your side. Most of us do start to increase the ante, which is in most cases the beginning of the end! Currently I am in such a period. But lessons learned. The stakes aren't increased and I am sitting most of the time on the side line, waiting for a bet which could start a winning streak again. So I was thinking and reading about the betting challenge and decided to give it a shot! As a real crypto gambler I will do the challenge with Tron. I know there are other possibilities but you do have to start somewhere. I had some spare TRX around so it was obvious. From where to where! Well this is one of the most important decision to make. Your base bet does give an indication how fast it could go or how slow. Suppose that you do want to reach 1K and start with 50. If we take average odds of 1.2, 18 winning bets back to back are needed. If you would start the challenge from 100 a streak of only 14 bets would do the trick! But starting with the complete bankroll probably isn't very smart at all. It is hard enough to complete the challenge, let alone to succeed from the first attempt! I did reserve 250 TRX for this challenge and because I do want to give myself at least 5 attempts, my base bet will be 50 TRX. My goal has been set on 5K TRX. Why? Well I don't know, just sounded like a nice ball park figure. My simulator tell me that I would need 26 consecutive winning bets to complete the challenge with average odds of 1.2. I could go faster with higher odds but my test runs tell me that the average odds for me are between 1.2 and 1.25. 1.25 odds would require only 21 bets :) While my secret goal is much higher, I will limit it on 5K. If and when I would succeed in this, I can withdraw some funds, start over again and start with a higher base bet. Banking! But wait I will make this challenge a little bit harder on myself. I am not going to roll over the complete 100% of the previous bet. I will bank 5% of the previous bet, hoping to grant myself some more attempt. This of course has the downside that the start of the streak will be less rewarding and that the ante don't climb as fast as without a banking mechanism. This more or less will require 2 extra bets. But this also has some advantages, the higher the ante becomes, the tougher it will get to risk it all. While you do know that in fact only 50 TRX are at risk (aka the starting bet), your mind does tells you something different! And let's honest the mind is right in this case. With a banking mechanism I will give myself an extra attempt after of winning streak of around 8 bets! The records! This is also a good real life case for me to get used to Apple's Numbers. I recently bought a macbook and have to admit that it takes some time to get used to Number. Compared to Excel, this is a complete different spreadsheet. And to be honest I doubt that I will ever convert my real betting record sheet to Numbers ever. But like I said Numbers will be used to track my progress. I did create 3 worksheet to track it all and am still doubting if I will add a sport to it or not. Most bets will be Football and Tennis related. Sheet 1 was the easiest one, this is where I do record the bets. But due to the banking mechanism it got a little bit more complicated than initially planned. I do have to enter, the date, ante, odds and win or loss and all the rest is automated. The sheet calculates the input for the next bet based on my banking mechanism. If I do get into a bigger winning streak, I only have to change 1 cell on sheet number 2. Sheet number 2 tells me everything I do want to know. It give per attempt, the number of bets placed, the average odds used, the max ante and the profit/loss statement for that attempt. It also gives me some overall stats like Current bankroll, attempts left, the longest winning streak, lowest odds loosing bet (the painful one) and so on! Last but not least I also did create some kind of simulator. I only need to enter the starting bet, the average odds and the goal and I will show me how much bets are needed to reach the desired goal. Here I can turn on and off the banking mechanism! I will report my progress on a frequent basis. This is a way to confront myself with some stupid bets! Cheers, Peter