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Thread: 1k Challenge

  1. #1
    Veteran Bog's Avatar
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    Default 1k Challenge

    Hi! I open this thread to find some motivation and discipline for the challenge. My bank now is 40 euro. The goal is 1k bank and I will also make some withdraws during this challenge.

    I will trade greyhound markets and if I find good opportunities, maybe I will bet on other sports like football, basketball etc

    Motto - Patience has its own rewards.

    Good luck to everyone!


    Day 1 - 18 June 2017

    Challenge Starting Bank - 40,49 euro

    Current Bank - 40,49 euro

    Goal - 1000 euro bank

    Withdraws – 0


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    take care mate!

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    When you have a small bank, trading can be difficult, but I don't need to find excuses, "big things have small beginnings"

    First day didn't finished so well, on dogs I lost all the profit with 2 bad trades ( -6.24 e & - 2.28 ) but I finished the day with a small profit because of some bets on basketball and football. The big 6.24 e loss was my fault because I had money on the ladder ( on the backs side) too close to the start and a big spike came, I didn't have time to react.

    Stats Day 1

    Greyhounds - 45 markets -> - 1.19 e

    Basketball - 1 market -> + 1.10 e

    Football - 2 markets -> + 0.74 e


    Total - + 0.65 e

    My trades for today - http://imgur.com/F25jWIO

    Since the change of gambling legislation here in Ro, I don't have acces on betfair to the classic mode for p & l and the new one doesn't look so organized.

    "Taking the first step can be harder than the rest of the challenge. " - I hope this quote from a puzzle game that I like has some truth in it and the rest of the challenge will be more positive

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    Day 2 - 19 June 2017

    Challenge Starting Bank - 40,49 euro

    Current Bank - 41,14 euro

    Goal - 1000 euro bank

    Withdraws – 0


  7. #5
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    Best of luck mate! Any particular way you are trading football? I see you are trading the greyhounds, much preferred the nags.

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    Quote Originally Posted by MaoCat View Post
    Best of luck mate! Any particular way you are trading football? I see you are trading the greyhounds, much preferred the nags.
    Thx mate, good luck to you also in your journey, I'm following your thread, I hope you'll have success. I don't trade football markets, most of the time I bet on low odds ( 1.01 - 1.05) on under in the final stage of a game. For ex in min 70 of a game if the score is 1-1, i bet under 4.5 or 5.5 but it's not easy money, i lost money this way in the past so I'm extra careful. In general I don't touch football markets anymore, I don't have good results.

    Same with basketball, I don't trade the markets because there is no liquidity, maybe in NBA games it's better. In most cases when i find a good bet i stick with it until the end of the game or exit with profit before the end only if I can match my bets

    I trade horse markets but only in demo mode because I'm still learning and only in running not pre-race. Pre-race trading on horses it's not for me, i like in play more. Use 1-2-3 ladders and try to find some gaps when the odds are starting to fly.

  10. #7
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    Default Day 2

    Day 2 of the challenge was better then Day 1, greyhound markets where ok today for trading, but I'm upset because one race went in play and I had liability on 2 dogs. It's not good, because what I learned since trading these markets is that any dog can win the race no matter the odds. I need to be more careful If I want to continue because I lost exactly this way in the past.


    Stats Day 2


    Greyhounds - 72 markets -> +28.90 e

    Basketball - 4 markets -> + 1.71 e


    Total - + 30.61 e

    My trades for today - http://i.imgur.com/X6cmZFA.png & http://i.imgur.com/wR7AZzT.png

    Profit & loss page looks different, I liked more the classic version

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    Default Day 3

    Day 3 - 20 June 2017

    Challenge Starting Bank - 40,49 euro

    Current Bank - 71,75 euro

    Goal - 1000 euro bank

    Withdraws – 0


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    Hi! Nice results! Keep it up!
    Do you trading on every runner or just the favourites? Scalp or swing?

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    Bog (20th June 2017)
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    Thx mate!

    I usually trade the outsiders, but if I see a good opportunity on favorites I take it. It's hard to focus on all dogs, most of the trades are done in last 2 minutes before the start. On bigger odds you have more profit per tick, but it's more volatile, money can vanish very quickly so you need to be careful.

    I'm scalping and swing, it depend on the race, every race it's different. Just Never let in play on dogs, you can lose big money, any dog can win. I had a problem with letting in play and it cost me money. Today so far 2 races went in play but I didn't had big liability, but I know it's stupid, because you will never know where you are as a trader if you let races in play...in the long run every time the end result will be losing your bank. I got lucky this time....

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    Default Stats


    Stats Day 3


    Greyhounds - 50 markets -> +21.78 e


    Total - +21.78 e

    My trades for today - http://i.imgur.com/WdkahkI.png

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    Day 4 - 21 June 2017

    Challenge Starting Bank - 40,49 euro

    Current Bank - 93,53 euro

    Goal - 1000 euro bank

    Withdraws – 0


  18. #13
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    Quote Originally Posted by Bog View Post
    Thx mate, good luck to you also in your journey, I'm following your thread, I hope you'll have success. I don't trade football markets, most of the time I bet on low odds ( 1.01 - 1.05) on under in the final stage of a game
    Dude, around December 2016 I had a plan (before I knew about trading). I bet on football matches that were around the 1.01-1.20 mark with 10ish minutes to go. The games were usually 2-0 or 3 -1 or something around there. I was risky as hell. I managed to turn £50 into about £400 doing this and I thought I had found the holy grail lol - I won about 50-60 bets in a row. I withdraw all of it but £100 and started again. I think it was about 4-5 bets into the next run I had a shocking loss and stopped. Somewhere on the betfair official forum there was a guy that did the same with the same results. I remember it being stressful man. Football is a bit crazy, in fact my last bank blowout was due to scalping just for a tick in play. team was winning 3-1 and then lost 3-4 in about 7 minutes. Gotta be careful!

  19. #14
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    Yes, you need to be careful what games you choose when betting low odds in football games. Low odds can be a trap.

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    Default Lucky number 1

    In this race at Perry Barr I was lucky, market suspended before I hedged, but dog 1 won and a I made a nice 21 euro. It's better to be on the back side than lay side if you ever being caught in play. I was on the lay side other times and lost.

    With this ocassion I made my first withdraw for this challenge - 10 euro


  21. #16
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    There are moments when I trade very close to the start of the race because in that moments money are starting to coming in but is very risky, you can be caught in play like the race above where I was lucky and the dog won, but today I also lost this way.

    I always set to take the closing bet at SP just to be sure, but today I don't know what happened, in 2-3 races my starting price SP bet wasn't take it and went with liability in play and lost 2 and 5 euro in two races. I was angry, I forgot that I won 21 euro, and layed in 3 consecutive races the outsider....

    I risked a total of 78 euro in those 3 races for that 7 euro loss. In the past I lost exactly this way....chasing losses

    If I want to complete this challenge I need to be better than this and think long term...errors are part of the game, losses are part of the game, I need to stay calm and focused ..and respect the rules --- never in play, never chase losses....it's the only way to success


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    I traded some horses in play today. Trading with real money it's very different than demo money. More fear, more hesitation etc. It's completely different. It's really crazy in play, A horse almost won from 900 odds. I could have lost 18 euro on that race. I think I will stop trading in running on horses until I'm more confident and have a bigger bank. Need to be careful with laying at big odds, it's not the first time when I trade in play, I lost some money with laying...

    This is the race

  23. #18
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    Default Stats

    Today was a profitable day, but I'm not happy, made some mistakes that I need to stop doing.


    Stats Day 4

    Greyhounds - 47 markets -> + 36.60 e

    Horse racing - 20 markets -> + 11.75 e

    Total - +48.35 e

    Withdraws - 10 euro

    Horse racing markets - http://i.imgur.com/oDI8sAA.png

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    Day 5 - 22 June 2017

    Challenge Starting Bank - 40,49 euro

    Current Bank - 131.88 euro

    Goal - 1000 euro bank

    Total Withdrawals – 10 euro


  25. #20
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    Quote Originally Posted by Bog View Post
    Today was a profitable day, but I'm not happy, made some mistakes that I need to stop doing.
    You're going to make mistakes every day - it's impossible not to, in my opinion. Results are looking steady though, that's a hard thing to do.

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