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Didn't you listen he's holding only a 2.5% profit!!
I'd suggest you just predict winner of the games you assume will win.
Last year I doubled my sats betting on NFL games and then proceeded to lose all my profit in the offseason trying to bet on soccer so 2.5% is good for me.
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Well, I've a piece of advice. Bet on Man City in UEFA legue. They can win it.
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I thought they were one of the favourites going into the league but have been performing poorly?
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Again, this is a news from insider that City is going to the final of UEFA, so it will be a good bet on Prediction markets right now. They are a king of comebacks. If you look at their recent results, they're making their way back in.
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Is that league rigged for them, like the NFL is for the Chiefs?
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All sports are business now, all are rigged. They are more rigged at the legue levels. International matches sometimes aren't rigged.
Most of these payouts are within two weeks. I'm pretty sure a 2.5% biweekly return in bitcoin is better than almost any other financial strategy.
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Considering we aren't putting huge amounts, we should aim for higher returns for it also requires some time.
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Fair. Alternatively, you could scale up the amount. I usually do a 3x or 4x of these, depending how much I have left in my balance. Nothings stopping you from going 10x.
The thing is, over the long-run, you're going to get the same return either way, because you can't control where the final odds settle. What RBOA does is give you those returns while minimizing/eliminating the risk of running out of funds.
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Are you 100% sure that putting all sats according to this strategy can't attract loses?
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No, that's not what I'm saying. You can certainly sustain losses, through random bad luck, but you won't go to zero.
We're playing the law of large numbers with RBOA and making three (or more) bets per event, rather than just one (or two as you suggest). That means RBOA will converge to the expected rate of return faster. That expected rate of return is the same under all strategies, but more volatile under other approaches.
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I'm going with my strategy this time. Let's see how much I win. We can then have a real comparison.