The 1kto5k Betting Challenge
2018-2019 Jumps & Flat Season Covered
Aim of challenge is to build a starting betting bank of 1k to 5k > Can work the same for £100 to £500
Hi, I'm Nicky. This challenge aims to grow a starting betting bank by 400% over the course of a full year. This is the third year we have done this challenge. During the first year we doubled the betting bank while last time we just about broke even. How will it go this year?
Here is how the 1kto5k challenge works!
We start off with a betting bank of £1,000 or whatever sum you are comfortable with be that £100, £200 or £500. This initial betting bank is there to get us through the ups and downs of betting as we all know every bet will not be a winning bet.
Instead we us a staking plan which in this case will be our betting bank split into 50 points. For Example a £100 starting bank split into 50 points gives us a stake of £2 per point. So if Nicky advises a 1 point win on a horse at 3/1 that would be a £2 win bet in this example.
Profits from our bets are added to the starting betting bank while losses are deducted from the betting bank on a daily basis. As the betting bank grows (that is the aim after all!) our stakes will increase as the new increased betting bank is divided by 50 points. The reverse works if our starting betting bank shrinks as the reduced bank is divided by 50 points to give us our stake per point.
It's best to provide you with a couple of examples to explain this better.
Betting bank grows from £1,000 to £1,200 following some successful bets. Our new stake per point would be £1,200 / 50 points = £24 (that means our stakes have grown from £20 to £24 per point staked or £2 to £2.40 if betting from a £100 betting bank)
Betting bank falls from £1,000 to £800 following some poor results. Our new stake per point would be £800 / 50 points = £16 (that means our stakes have dropped from £20 to £16 per point staked or £2 to £1.60 if betting from a £100 betting bank)
The key staking plan for this challenge is to always have 50 points available. This means we are risking just 2% of our running betting bank on each bet placed. This allows us to grow our stakes during good runs while reducing them during poor runs sustaining our betting bank.
This year we are charging a small fee for the 1kto5k betting challenge service! Why you might ask? Well having run a survey of subscribers to the previous challenge there was enough appetite to cover my time and efforts running this challenge with a small fee. The survey threw up the preferred options on how this challenge should be delivered and managed.
New 1kto5k Challenge Begins Saturday 10th November 2018 at 9am GMT.
The 1kto5k Challenge Has Started as of Saturday 10th November 2018 at 9am GMT.
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See Results of 1kto5k Challenge 2018 - 2019
|2018/2019 CHALLENGE RESULTS|
|Total Bets||Win %||Win % Pl%|
See the past two year Results of 1kto5k Challenge
|2017/2018 CHALLENGE RESULTS|
|Total Bests||Win %||Win % Pl%|
|2016/2017 CHALLENGE RESULTS|
|Total Bests||Win %||Win % Pl%|
Keep in mind: this is the third year of this challenge with plenty of lessons learned. Nicky plans to target less big field handicaps and concentrate on easier races such as 8-10 runner maiden hurdles, graded chases and hurdle races over jumps.
On the flat turf season in 2019 it will be pattern class races such as Group 1,2.3 & listed races.
Don't Fret as this is a fun challenge and Nicky will be doing putting in more effort and time than ever to make this challenge a success and profitable. Third Time Lucky
Nicky has been running the reputable Bet Alchemist service since December 2012. He is a trusted and honest member of the value priced betting services. In fact the main Bet Alchemist service as inducted into the Secret Betting Club tipster hall of fame a few years ago.
There will be laying as well as backing!
Thanks to the exchange such as Matchbook, Betfair & Smarkets it has become easier to lay and back bets on the exchanges. No bad thing eh!
Having analyzed a race for a good length of time it is normal to come to the conclusion that certain horses do not have conditions to suit. Such conditions might be ground gone too soft, wrong distance, poor draw, poor chasing technique etc.
While finding a good backing opportunity it is common to also find good laying opportunities such as a weak or wrong favourite in a race. In this races Nicky will be advising lay and back bets possibly in the same race.
The key is to find and seek value at the market prices available on your selections. If the price is too high its a back bet while conversely if the price is much too low considering race conditions then the horse is a laying proposition.
Value and only value will deliver profit over a period of time as no one can get lucky day in day out randomly picking horses!
It's massively frustrating when on a losing run but the key is to step back emotionally and look at the big picture. We do not want to have that feeling in the bookies when the bells are going off and sirens flashing forcing us to have bet after bet without studying the form properly.
Instead we take non emotional approach to betting picking and choosing the races to play in and not throwing darts at a race every 5 minutes ....and guess what it works much to the chagrin of the bookies!
I guess that is why most bookies have closed or severely restricted Nicky's betting accounts. They have raised the white flag as they know long term Nicky will lighten the bookies pocket not the other way round.
The 1kto5k betting challenge is very simple to use and enjoy- Not high volume requiring too much work but rather 2 to 3 days a week outside of the betting festivals. Bets are emailed to you at 9am on raceday when the betting markets are pretty robust and value prices available.
Benefits of 1kto5k Betting Challenge
See the main benefits of following the 1kto5k Betting Challenge below:
Backing horses at value prices is the only long term solution to making profits backing horses...
We know that backing the shorties lead to lighter pockets. Yes, you might bet lucky for a day or two but over a few weeks the bookie wins. Why? Well because it is their business to encourage as many mug punters as possible to back horses at lower odds than their true or actual chance of winning!
The bookmakers love to build up the hype around a horse and no more so than a short priced favourite at the big festivals which are ultra competitive. Their modus operandi is to write as much about that short priced favourite to convince as many punters as possible that it cannot lose?
Who can remember hearing of the Cheltenham punter who spurned £100k Altior winnings by losing £375k after betting on Douvan. Horses are not machines and never go all in unless you are prepared to lose everything!
Aim to back horses in your favourite type of race at what you believe to be a value price. Stick with your strategy for some time or paper trade and that might be 6 months to a year depending on the prices you are playing at. The higher the prices the longer the losing runs will be as that is just the odds statistically coming true.
An even money shot should have a 50% or better chance of winning while a 20/1 shot has a 5% chance of winning.
If you back 20/1 shots at truly should be 33/1 shots then over time you will profit from backing such value priced bets.
What People Are Saying About the 1kto5k Challenge
Once again great tipping today. Great stuff.
Well done, Nicky!
I kept me faith in ya and it's paid off!
Let's av another good day tomorrow!
Well done with Making Light yesterday. It seems you are best with the Irish races!
Very well done today with Go Conquer. Great result.
Thanks for today's info Nicky well done I did the double as well £5 ew for over £230 profit. Cheers
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P.S.: Don't delay as the 1kto5k Betting Challenge for the 2018/2019 season is going to be a cracker and great fun! Subscribe today and find out what all the fuss is about? Check out all the plans available below now.
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