1kto5k Challenge

Frequently Asked Questions

Find below the most frequently asked questions. If there is something that you need to answer to that is not covered here feel free to contact us by emailing 1kto5k@betalchemist.com

How much does it cost to join the 1kto5k Challenge?

There are three payment options:

Monthly Subscription

The price of our Monthly subscription is £14.99 . That’s less than 50p a day which is excellent value. We offer a 30 day money back guarantee when you join. If you decide the 1kto5k betting challenge is not for you just ask for a refund!

Also, there is a full year guarantee that if the challenge does not show a profit over the following 12 months, you get the following yearly challenge for Free!  Thanks to the 12 months guarantee your subscription fees will  be more than covered but you need to stay the course for a full year to enjoy the benefits of that generous guarantee. Nicky doubts it will ever be required which we sure hope not!

Semi Annual Subscription

The price of our Semi Annual subscription is £71.99 . That’s just £11.99 a month which is excellent value. We offer a 30 day money back guarantee when you join so if you decide this 1kto5k betting challenge is not for you  just ask for a refund!

Also, there is a full year guarantee that if the challenge does not show a profit over the following 12 months, you get the following yearly challenge for Free!  Thanks to the 12 months guarantee your subscription fees will  be more than covered but you need to stay the course for a full year to enjoy the benefits of that generous guarantee. Nicky doubts it will ever be required which we sure hope not!

Yearly Subscription

The price of our Yearly subscription is £119.99 . That’s just £9.99 a month which is best value. We offer a 30 day money back guarantee when you join so if you decide this 1kto5k betting challenge is not for you  just ask for a refund!

Also, there is a full year guarantee that if the challenge does not show a profit over the following 12 months, you get the following yearly challenge for Free!  Thanks to the 12 months guarantee your subscription fees will  be more than covered but you need to stay the course for a full year to enjoy the benefits of that generous guarantee. Nicky doubts it will ever be required which we sure hope not!

What is the minimum price a selection will be advised at?

The aim is to advise all selections at 3/1 or greater in price.

How do I get the selections?

The selections are emailed to you around 9am on race day. There is no need to login anywhere so it is just a case of checking your email on the dates and time our 1kto5k Challenge selections are due out.

When are the selections posted?

Selections will be emailed to you at approximately 09:00 GMT on race day. An email containing the selections, staking advice & reasoning is sent to members. The date and time of the next scheduled bets is included in this email. Therefore, you are always aware of when the next bets are due and do not have to check your email for new updates constantly.

How many selections are there?

The number of selections will vary from week to week. It all depends on the value betting opportunities that present themselves on that particular day. We will be concentrating on the better class racing where be know most of the horses are trying due to the prestige and prize money on offer for the owners.

All the big racing festivals will be covered such as Cheltenham, Aintree, Punchestown, Royal Ascot, Qatar Goodwood, Galway Festival, York Ebor Meeting, Irish Champions Weekend etc. This year there will be some mid-week selections if the opportunity arises.

How should I bet the 1kto5k Challenge Selections?

As the name of this challenge suggests we are aiming to increase our initial starting betting bank from 1k to 5k which is a 400% increase. We use a 50 point betting bank. Your starting betting bank can be whatever sum of money you are prepared to risk be that £100, £200, £500 or £1,000. Once you have your starting bank ready then just divide that by 50 (remember 50 points betting bank) and that will be your initial stake per point.

Nicky will advise the points to risk per selection along with the stake and bet type be that win, lay or each way, double, trixie, etc. in his 1kto5k challenge members emails. If you betting bank is less than £1,000 which Nicky is working from then just divide you stakes accordingly. For example if you betting bank is £100 then it’s simply a case of dividing your stakes by 10 to arrive at your stake per point.

What about my betting bank?

A betting bank is extremely important to manage and sustain our 1kto5k challenge. It is something every punter should use to manage their betting outlays properly. For the 1kto5k Betting Challenge we will be using a 50 point betting bank. That means we divide our starting bank of £1,000 into 50 points which gives us a stake of £20 per point starting off. If you betting bank is £100 then your initial stake per point will be £2 and so on depending on the size of your starting bank.

It’s up to you to decide the amount you are prepared to risk as your betting bank. While we trust and hope that this challenge will make a profit nothing can be taken as granted in betting as we all well know! Of course, it is re-assuring that the past four 1kto5k challenges either doubled the betting bank or retained the betting bank at worst! As our profits or losses are added to our starting bank over time then our stakes per point will increase or decrease accordingly as the running starting bank is divided by 50 points to give us our new stake per point.

Will you be updating the results?

Yes I do in both good times and bad. You can expect an update roughly every 24 hours. This is important as our stake per point is dependent on our running betting bank total. A link will be included in each member email to our live 1kto5k Betting Challenge results page. All our past and present results for the 1kto5k Challenge can be viewed from the main website menu under the 1kto5k menu link.

Do offer a Refund policy?

Yes, we do.

There is a 30 day refund guarantee following the payment of your subscription. Please note that once a refund is requested your membership expires immediately.

But the main full year guarantee is that if the 1kto5k betting challenge does not make a profit then you get FREE access to the following year of the 1kto5k challenge. That is more than fair and will keep Nicky focused and motivated on ensuring this challenge is a success or else he will not get paid for all his time and efforts!

How do I cancel my subscription?

You can cancel your subscription at any time by sending Nicky an email at 1kto5k@betalchemist.com  

Please note that you will still receive 1kto5k selection emails until your current subscription time period expires.

What staking plan to you advise?

Win selections stakes are normally advised to 1 point (and very occasionally to 2 points). Each way selections stakes are normally advised to 0.5 point each way. Lay bets are advised to win 1 point but we will be playing at low prices.

Why do you give a lot of each way bets?

Well, the main reason is to keep a healthy betting bank. If I was to bet win only, we would have longer losing runs depleting our betting bank and subsequent stakes. This challenge requires a high percentage of win or place bets coming in as that will allow our betting bank to grow and increase our stakes per point.

Unlike the main Bet Alchemist service which looks for big priced horses 10/1 plus to garner profits we will be looking more around the 3/1 to 10/1 mark as this challenge requires a higher success rate to succeed.

Which bookmakers should I use?

We always tell you which bookies are offering the best available price and place concessions. Always try to use bookmakers offering a “Best Odds Guaranteed” as often as you can. I will list my preferred bookies and their specials to avail of in each member 1kto5k challenge email.

As we are betting mainly on the better class of races advised prices are normally easily obtained with market liquidity strong. We always take the price never the starting price or S.P.  - Oddschecker is the best odds comparison website currently available.

We highly recommend spreading your bets around wherever possible as bookmakers do not like winning accounts as we have learned over the last few years!

The 1kto5k Selections email did not arrive?

Email delivery issues can be caused by a number of technical issues both on the senders or receivers email hosting service. These days email servers seldom go down so outages are low. The main reasons for non delivering are emails being rejected by automatic spam filtering software by your email hosting service. 

We do everything possible to ensure email delivery by using a trusted and major email platform. If emails are not arriving please email 1kto5k@betalchemist.com ASAP so we can check our email delivery logs to find out why our emails are being rejected by your email service provider. 

Other tasks that you can do to help is add our email address 1kto5k@betalchemist.com to your address book or contacts list within your email provider such as Gmail, Outlook or Me. Double check your spam folder in case our email was redirected there which can happen initially until your mark our emails as not spam. 

Is it necessary to register my name and email address following sign up?

Yes, this is a very important step as without your permission and email address we cannot email you the 1kto5k challenge selections!

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