It might be a little conservative for the game, but my bets are usually only BTC 0.0001
That is perfectly alright that you make smaller bets. In fact, It is a lot more durable as well as potentially profitable when you make smaller bets. According to experts in bankroll management(which is neglected by most casual gamblers) the most one should bet with is 5% of your bankroll. Hence, the competition having that said limit in terms of ROI. I'm trying to not just make it a tournament but also (if possible) teach a few things to fellow gamblers.
Regarding your bets, I don't mind it if the bets have already been made but I cannot accept the ones that starts before the tournament does. I will post the link and PM every participants about where to post their bets. Please do so in the respective thread. 2 of the bets you've posted, the event occurs on 14th March, and those wont be counted.
Hi and thanks for the reply - I'd scrolled through the thread and saw the 8th of March was the start date, then after I posted, went back and read the post in it's entirity and saw the changed start date. Can you advise which thread we need to post in please? Do we just update the one post, or, make multiple posts as we place new wagers?
my bankroll is BTC 0.00510406
-snip-
but my bets are usually only BTC 0.0001
Just wondering is this your declared bankroll for the competition?
Yes.
If you bets mostly with 0.0001 btc then declare a smaller bankroll.
Why? There's a half dozen football competitions each weekend in the UK, there's ~ 20 wagers. Then there's the upcoming Grammy Awards, I took screen shots, but had to do some other stuff and can't redo until Monday (Taylor Swift etc to win).
Only 5% max of your bankroll will be counted for the ROI so in your case 0.0001 btc is only like 2% of your bankroll. So in case if you win, you will get full ROI count from your bet
I think you just answered your own question.
Realistically, I could place 100 satoshi wagers on every thing paying over 100:1 and if one or two come up, then I've blitz the competition - no?