The "Compound Interest" Strategy

[jeremda01]

Hi all! So, The strategy is to start off with $100 and bet on low odds of 1.01 to 1.08 and continually do this over a number of times (betting with the winnings after that). I figured that it could take at least 110 times to do this to reach $1,000,000 I have done this with virtual money on another website and raked in $18,000 odd and did it with higher stakes though. Could you all please give me some advice please before i go ahead with this idea. Do you know other punters who have tried this and what was their outcome, are they still going etc? THANKS :D

[Lardonio]

Re: The "Compound Interest" Strategy One thing that immediately comes to mind is that 110 bets would not make you reach $1,000,000. 110 bets at 1.08 (your max odds) would give a return of $474912 from your $100. By all means, a very decent amount, but it would be an amazing accomplishment to win 110 bets in a row at odds of 1.08. Your chance of making it is about 0.021% (assuming the bookmaker offers a 100% book, which of course he does not). And - that, again, is assuming you get odds of 1.08 on all matches. If your average is 1.05 you will "only" win $21420 from 110 bets. That will require a lot of stamina, as it takes 48 bets just to round the $1000 mark. OK, just some numbers, no real advice, just be aware of the extremely slim chances. Still an interesting project to do for fun. Good luck!