The betting challenge is the most exciting and easy to manage system for betting! You can end up playing for a substantial revenue while risking small amounts.
What is “Betting challenge”?
The betting challenge is a system for betting which starts with placing a bet with a small amount of money and setting a final amount which aims to be reached by the betting person. If the first bet is won, the whole winning amount + the initial betting amount is placed on the next event. This is being repeated until the target is reached and the challenge is completed. After that, the challenge can be repeated with different amounts. Besides, this challenge could be combined and applied with one of the Free Daily Betting Tips which are being given on a daily basis by WhaleBets.
Building “Betting challenges” – step by step
- Create small preliminary bet – for example 10 EUR, 15 EUR, 20 EUR.
- Set a target of an amount you would like to reach: 100 EUR, 1 000 EUR, 10 000 EUR.
- Choose your event carefully and do your research
- If the prediction is successful, choose next event and place a bet with the won amount + the amount of the first placed bet.
- Repeat step 4 until reaching the target which was set.
- If a bet is not won, return to action 3 and start the challenge all over again.
Betting challenge example
Betting challenge: 20 EUR- 1000 EUR
The betting challenge is the most exciting and easy to manage a system for betting! You can end up playing for a substantial revenue while risking small amounts.
Step #1:Coefficient – 1.65. Bet – 20.00 EUR. The bet is won – Revenue – 16 EUR. New bank balance – 33.00 EUR.
Step #2:Coefficient – 1.50. Bet – 33.00 EUR. Revenue – 49.50 EUR. Repeat the same as Step #1.
Step #3:Coefficient – 1.70. Bet – 49.50 EUR. Revenue – 84.15 EUR. Repeat the same as Step #1.
Step #4:Coefficient – 1.60. Bet – 84.15 EUR. Revenue – 134.64 EUR. Repeat the same as Step #1.
Step #5:Coefficient – 1.86. Bet – 134.64 EUR. Revenue – 250.43 EUR. Repeat the same as Step #1.
Step #6:Coefficient – 1.65. Bet – 250.43 EUR. Revenue – 413.20 EUR. Repeat the same as Step #1.
Step #7:Coefficient – 1.55. Bet – 413.20 EUR. Revenue – 640.50 EUR. Repeat the same as Step #1.
Step #8:Coefficient – 1.60. Bet – 640.50 EUR. Revenue – 1025 EUR. Repeat the same as Step #1.
In this example, we needed 8 won bets (please mind that the coefficients are applied like our Free Daily Tips) to win 1 000 EUR with a betting amount of 20 EUR. As you can see on each next step, we are playing for more significant Revenue, and this is only risking amount used for the first bet. We are going to give you an additional example what would be the difference if higher stakes are applied – between 1.90 and 2.25 – similar to the coefficients of our tips from VIP Program.
Betting challenge: 20 EUR – 1000 EUR (higher coefficients)
Step #1:Coefficient – 2,15. Bet – 20.00 EUR. Revenue – 43.00 EUR. Again the same: bet the revenue + the amount of the first bet.
Step #2:Coefficient – 2,20. Bet – 33.00 EUR. Revenue – 94,60 EUR. Again the same: bet the revenue + the amount of the first bet.
Step #3:Coefficient – 2,25. Bet – 49.50 EUR. Revenue – 212,85. EUR. Again the same: bet the revenue + the amount of the first bet.
Step #4:Coefficient – 2,15. Bet – 84.15 EUR. Revenue – 457,60 EUR. Again the same: bet the revenue + the amount of the first bet.
Step #5:Coefficient – 2,25. Bet – 134.64 EUR. Revenue– 1030 EUR. Again the same: bet the revenue + the amount of the first bet.
From the examples listed above, you can see that the steps are becoming less with higher coefficients – from 8 to 5. This means that the chance of reaching your target is becoming more realistic because you can achieve it with three events less!
Some of you might ask themselves – “Why do I need to bet on 5 or 8 different events on single bets when I can bet 10 EUR on seven matches in one bet and win the same amount of money?”. If you can make a quality prediction on seven matches today for multiple bets, then you can forget about this strategy. The positive of the approach is that you bet on more true events (teams) and your prediction is based on more facts.
Betting challenge – schemes of play
You saw the steps of the primary system of play for the Betting Challenge and two examples of it. This doesn’t always mean that you can’t change your strategy. For example, you can withdraw 50% of the revenue on each third won a bet. The rest 50% of the revenue to be used to continue with the challenge. You will guarantee a return even if you don’t reach your final target. Another option is to start always with a bit higher coefficient – 2.00. If you win your first bet, you can withdraw the amount of your first bet and then continuing to pursue the final goal without risking any money from your finances. These are just too simple examples, but you can always make your challenge based on your resources and with every won step you will see why this strategy is so exciting!
Betting challenge – Tips
While using the Betting challenge, it’s crucial to be sure in your predictions and not to be reliable on the coefficients. This means that on Step #1 you can bet at 2.00, on Step #2 at 1.60 and Step #3 at 2.60 etc. If you are patient enough, you can try with smaller odds, knowing that they are more realistic to be won. You need to have in mind that the steps are going to be more in this case and you have to win on more events.
It’s even more comfortable to bet on events with 2 outcomes – over/under 2.5 goals. Having said that, if you like to progress quicker – you can try with higher coefficients but the risk is that they will not always be won.
You can even decide to play with bets on one type. For example, 0.5 goals or both teams to score and to look for the most available events for such stakes. You can always have a look at the Free Daily Tips or even the VIP Single programs.
Betting challenge – Bits of Advice
1.The betting challenge must be started with the small amount of money. Even if the bet is lost, this not to harm the standard of living of the punter. For some 1 EUR is good enough as a starting bet, for others, it’s 1 000 EUR.
2.It’s good to have a monthly limit of funds to be used for the Betting challenge and if this amount is reached, the challenge not to be started again in the current month.
Betting challenge – positives & negatives
The main negative of the Betting challenge is that you can never reach your goal and you can lose faith. This means that you’ve lost money as well. As was said above, you must always start your Betting challenge with the small amount of money and to set a monthly limit. We are reminding you the tip to cash out on the % of the revenue or at least your first bet, to guarantee yourself at least not to lose money, and you will be up for the challenge. You can reach your final goal without risking your own money ifyou have withdrawn the revenue or your first bet amount. This is one of the biggest positives of this system is because you are playing for a significant amount with a minimum bet and not by waiting to win the lottery or to rely on multiple events.
Betting challenge – Conclusion
Overall this system is without equivalent because you are not betting progressively or risk bankrupt. Others are very cautious, and you will be stuck betting forever. We must underline that this system might not be convenient for everyone because people are different from one another. The Betting challenge might not fit all of you. Good luck and bust the bookies!