Post
Topic
Board Gambling
Merits 1 from 1 user
Re: "The Maharaja of Bitcointalk" Sports Bettors/Tipster Competition 🏆Free entry🏆
by
kworrom
on 12/03/2021, 19:44:40 UTC
⭐ Merited by vennali (1)
This looks like fun. I think I'll enter.


So from what I understand the rules are:

The goal is to have the highest ROI at the end of the contest, and the top 3 win a prize.

Declare a bank amount
example: 1mbtc

Risk 5% or less of your bank per bet*
example: risk 0.05mbtc

Make at least 20 bets

Bets must be pre-match, parlays are allowed, no live bets

Share the official betslips that show Bet ID and risk amount before the match starts

Duration of tournament is March15 12:00am GMT - April12 12:00am GMT

--

*I have two questions about the 5% max cap rule. Does this apply to both risk and profit, or just profit? If I risk 5% of my bank on a huge underdog or parlay that pays out more than 5% of my bankroll, and it hits, will this count? For example if my bank=1mbtc, I risk 0.05mbtc @5.00 odds, and profit 0.2mbtc, will this bet be a 20% gain or a 5% gain for the contest?

Does the 5% max cap grow with current bankroll balance, or is it static and based on your initial declared bankroll? (Flat betting 5% on initial bankroll vs recalculating what 5% is of current bankroll.) If I grow my bankroll from 1mbtc to 1.5mbtc, does the risk max 5% change from 0.05mbtc to 0.075mbtc? Or is max 5% risk fixed on starting bank?