Yep
Odds on each £1 bond winning £50k is a whopping 6,244,387,856/1
Slim indeed but at least he won't go to jail or lose his £1k
Got something to say or just want fewer pesky ads? Join us... 😊
[Finance] How would you make £50k from £1k
- Thread starter Raleigh Chopper
- Start date
Slim indeed but at least he won't go to jail or lose his £1k
maffew
Well-known member
Youd be mad to go in on a 50 to 1 with a 1k. If I was going to attempt anything near that, I'd turn the 1k into 6k which isnt too difficult over say 6 months to a year with matched betting if you havent used up the free offers/been gubbed. Then with that 6k study/follow a tipster and have 3 x bets 2k bets around 25-1 each. Still a big gamble but...
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
scalping bitcoin on margin.
Deleted member 37369
Well-known member
- Aug 21, 2018
- 1,994
Yep ... even reversing the numbers ... if you invested the maximum of £50k you'd actually be outperforming the average payout if you 'won' £1,000 over a year!
If you are going to bet (and no I dont recommend it, but if), **** horses (not literally, its weird).
Go with corners, best chance of success.
Each time a big team are down by a goal in the 75th minute, you bet on 2 more corners in the game. The odds will usually vary from 1.60-2.00. Lower than that is not worth it.
You divide your £1000 into 100 units (£10 each) and stick to your units even if you have a good day. If there's been less than 10 corners in the game at that point, you bet two units, otherwise just one. When (or rather if) you've doubled your £1000, you can also double your units. If you lose your discipline and start to take too much chances (maybe if I bet £50..., maybe if I go greedy and bet for this or that result..), you are smoked. If you dont and reach a high win rate, make sure you make the occasional losing bet or the betting company will limit your access to corner bets. Corners are a lot more predictable than goals or results.
Obviously its not bullet proof and you want to look at possession and if most of the play are through the middle or the flanks etc. but generally speaking it will be your best chance of winning on betting.
maffew
Well-known member
30-1 for a top 4 finish I just found. So the bookies have us more likely to be in the Champion League than the Championship next year! Mad that. Palace are 500-1 for CL, though I dont suppose anyone on here is going to put a ton on that happening
That is ridiculous!!!
If you think horses are the way then I’d be looking to lay the favourites in medium to large fields and do the prep work first.
Not all in one go, wouldn’t take too long to build up a bank with your lays progressively larger each bet
KZNSeagull
Well-known member
Over the last 10 months I have been monitoring hundreds of horse betting systems that have historically made money. Over that time I could have potentially bet on 1315 horses with Betfair Exchange odds over 49. Guess how many won?
10.
Only 1 of those was in a Flat turf race. 2 were on AW flat races, 1 a National Hunt flat race and 7 were hurdle races.
In reality those horses would all be ignored by professional gamblers.
So if those horses were over 49 on betfair exchange, their bookmaker odds would be much lower (30/1 say), so you are then really looking at horses on the exchange that won at odds of say 75 or over. There have been 897 runners at those odds that I have been monitoring in the 10 months, of which a grand total of 3 won. All hurdle races.
What I am basically saying is good luck with that. You may as well put your £1k down the drain.
- Apr 19, 2018
- 2,134
I've tried a couple of times with rapid compounding but always end up with something that goes wrong and sets me back. Eg. Cashing out on races in the pre-market for small wins, re-gambling the whole lot including winnings and doing it again. Sometimes I'd make double figure % gains in a day and other times for no obvious reason it'd go wrong and set me back to the start. Tried day trading too in the same way trying to make 1% a day and reinvest the whole lot. Unsurprisingly it's almost impossible even sticking to relatively "safe" choices. Again, some days of great gains can quickly be wiped out, and recovery always seems to take longer than the drop.
Pondicherry
Well-known member
Good question. For fixed odds games (everything in a Casino) blackjack with perfect strategy has the lowest house edge. On a very good (read lucky) run you could conceivably run £1000 up to £50000 (as you could with roulette). However you would almost certainly lose the £1000 instead.
Variable odds games (horse racing, football etc) you just need to find events where the true chance of the event happening is more likely than the odds being offered by the bookmaker. However this is not easy and involves mountains of research. This is what Mr Bloom does with Star Lizard essentially. The profit margins are not that great either I believe although if you have enough turnover you can overcome this.
For general investments you need to identify something that will increase in value dramatically in the short/medium term (obviously). Again this requires mountains of research and a large slice of luck I suspect.
If I had to really turn £1000 into £50000 quickly (a year say) I think I would probably find things to buy and sell and work hard.
Variable odds games (horse racing, football etc) you just need to find events where the true chance of the event happening is more likely than the odds being offered by the bookmaker. However this is not easy and involves mountains of research. This is what Mr Bloom does with Star Lizard essentially. The profit margins are not that great either I believe although if you have enough turnover you can overcome this.
For general investments you need to identify something that will increase in value dramatically in the short/medium term (obviously). Again this requires mountains of research and a large slice of luck I suspect.
If I had to really turn £1000 into £50000 quickly (a year say) I think I would probably find things to buy and sell and work hard.
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 8,624
Use the £1000 to start a company that sells PPE or analyses tests of COVID?
You could make a lot more than £50k in quick smart time
What's that? You don't have any skills, experience or aptitude for that sort of thing?
No problem at all
You could make a lot more than £50k in quick smart time
What's that? You don't have any skills, experience or aptitude for that sort of thing?
No problem at all
KZNSeagull
Well-known member
If he's going to do that, the best place to start looking is at favourites that bookies have boosted the odds on.
Is it PotG?
Thrifty non-licker
Take out the patent on a self-sealing bottle, where the need for a bottle top is launched into history.
Barbs will pay you off to keep such a product from The Amex, job's a good 'un.
Barbs will pay you off to keep such a product from The Amex, job's a good 'un.
Raleigh Chopper
New member
- Thread starter
- #34
Some great advice coming through, thank you.
Prepared to take all the flak about lumping on because I don't gamble much.
Also betting has totally changed over the past few years and I no longer understand all the different things you can do with a bet these days.
Prepared to take all the flak about lumping on because I don't gamble much.
Also betting has totally changed over the past few years and I no longer understand all the different things you can do with a bet these days.
May I ask why you need 50K?
1066familyman
Radio User
- Jan 15, 2008
- 15,233
I gamble on cycling. Small ews on longish odds. It really is for fun. If I can't find value in a race, I don't bother. It's kept an online account going for several years without adding anything in as my bets come in from time to time. No where near as often as I'd hope for though, given the immense amount of research I put in (as much for my fantasy team as anything else).
I only have one gambling tip for you, and it's this
I only have one gambling tip for you, and it's this
Thinking aside gambling you could possibly buy a few hundred's quid worth of appropriate products, flash them about on youtube or Insta and become a paid influencer.
Or non-fundable tokens in art or collectables.
Mate of mine brought a banksy for £250, it's now worth 120k. You'd have to be damned lucky though. Failing that trawl antique or art shops and try and find an unrecognised bounty.
Or non-fundable tokens in art or collectables.
Mate of mine brought a banksy for £250, it's now worth 120k. You'd have to be damned lucky though. Failing that trawl antique or art shops and try and find an unrecognised bounty.
jordanseagull
Well-known member
- Feb 11, 2009
- 4,151
Whatever you do, don’t bet at 50/1 bookie odds. The margin on these selections are generally huge and you’ll likely be betting at between 70/1 and 200/1 in terms of true probability. If you do end up gambling, at least do so on Betfair where the probability is accurate.
Raleigh Chopper
New member
- Thread starter
- #39
I was waiting for that question.
I have come into quite a sum of money, I have already purchased a nice car and I have set aside a sum to spend on the house, the remainder I want to set aside as a tidy sum to retire on, along with pensions we should be comfortable in our retirement.
But we owe £50k and we are slowly paying it off but the payments are a problem for Mrs Chopper as she wants out of her job but can't all the time we have this amount to pay off.
I could pay it off but it will leave us with hardly anything left after spending on the car and house.
But with all the dosh I have at the moment I can lose £1000 to try and get £50000, pay the bill and still have my nest egg intact.
I am 58, Mrs Chopper is 3 years younger so retirement is looming.
maffew
Well-known member
I'd look at buying and selling stuff and doing it in chunks, do it as fun. Dont think gambling even a thousand to try and pay a debt is the way. You say you can afford to lose a grand but can you really when you've got 49 more to pay?