Hi Mobsters!
Maybe you are familiar with this system, in genuine it doesn't have any name, but in Denmark they call it the " Henze System" - The system is very simple. For a very small amount of money, you can become a millionaire.
I myself will give this system a shot, and test it. In the beginning I will use my own money, but if (hopefully IF) i reach an amount where i can't bet enough because[...] Read more » Henze System (Millionaire in 100 bets)
Joined: Mar '09
Location: Portugal
Age: 57 (M)
Posts: 1703
Hello my friends and fellow mobsters
BRM_Henrik this is a amazing thread and I will for sure follow your post with moost attention What a challenge and so far so good never heard about this system but at least until now is a hell of a system Hopefully you will do OK and and I wish you good luck but on this case is more knowledge then luck
Assuming the bookies have a margin (and they do) each bet has around 85% - 89% chance of success, so as each bet is won the odds are exactly the same for the next bet, the likelihood of losing does not compound as such. When you get near the betting limit, you could look at splitting the bet into 2 bets at roughly the same odds with different bookies to keep to the systems parameters.
Joined: Mar '11
Location: Germany
Age: 55 (M)
Posts: 1242
Interesting thread and interesting experiment. With you best of luck with this. I hope you will go very deep in winnings and at some point you take out some money and just keep playing with the winnings. Like always in gambling: In the end / in the long run the house will win...
Joined: Dec '10
Location: Denmark
Age: 33 (M)
Posts: 132
Bet 8. LIVE - WON
HC Vardar vs HC Borec. U 74.5 goals. 1.12 x 213 = 238
------------ A bit of advice:
Don't do this system with Tennis, at least not the (Who will win the next game). Those odds are uasually 1.10, and i've seen a lot (including mysefl) go down on these type of bets.
Stick to sports where you have some knowledge, and bets where it's up to teams and not single persons are best. A person can have an off day, so can a team, but it's more likely to happen to just one or two persons.
If anyone would like to start their own project, please feel free to post your bets and your bankroll in the thread!
------------ Bet. 9. Live - WON
Serbia vs Honduras. U 3.5 goals. 1.16 x 238 = 276
------------ Bet. 10. Live - WON
Beijing vs Brisbane. O 0.5 goals. 1.16 x 276 = 320
Bet 11. Live - WON
Team Socceroo vs Ceres La Salle. Ceres La Salle will win 2. half. 1.083 x 320 = 346
Posted by 3pokeronly: Assuming the bookies have a margin (and they do) each bet has around 85% - 89% chance of success, so as each bet is won the odds are exactly the same for the next bet, the likelihood of losing does not compound as such. When you get near the betting limit, you could look at splitting the bet into 2 bets at roughly the same odds with different bookies to keep to the systems parameters.
GL and gl all mobsters
Assuming each bet has an 89% chance of winning, the chance you win 100 in a row is 0.89^100 = 0.00087% This make your expected result $11.98, which is a loss of $88.02, that is pretty huge -EV...
Good luck. Though if I want to make money with hundred bets I would risk my shekels on DNB picks at odds closer to evens so when I eff up a bet at least wasn't for going full muggy on many underpriced markets. But what do I know?
Joined: Mar '12
Location: United Kingdom
Age: 45 (F)
Posts: 2261
Good luck with your system....just a couple of points,I don't really do much sports betting but at some point you will need to be betting massive sums of money at tiny odds-so will bookies allow this kind of bet or do they have a limit on the amount you are able to bet and would you be willing to bet 100k or even 500k on this kind of bet?.....No way I would!
Some serious cash has been won so this is definitely going to be the thread to follow and could be my 2nd favorite thread too (after complete bullsh1t place). Good luck!!!
Joined: Dec '10
Location: Denmark
Age: 33 (M)
Posts: 132
@Margis
Ofc. the % are not with me. I do think, that my edge is a bit bigger than 89% since i don't just pick randomly and i try to get the odds, just before they change to another spread or lower. It doesn't chance the fact, that it's -ev. But so is lottery, eurojackpot and one armed slots, but this is in my opinion much more interesting and more fun.
@Klash23
Some bookies will allow very high bets, and some are really strict with their limits. At some point i probably will reach a limit, but I don't want to speculate about that, before (if) i reach it
@Calmplay
Cheers! - Hopefully i can continue for a while!
------------ Bet 12. Live - In Play
Kapfenberg - Polten o 0.5 goals. 1.083 x 346 =
The game started out in a high pace and with some quite big chances. The pace has slowed down, less than 40 minutes. It's going to be exciting!
Joined: Dec '10
Location: Denmark
Age: 33 (M)
Posts: 132
Nope
Whistle has been blown for the last time, and the system is sadly over. 11 bets won in a row and a profit of 246 euroes before it all went down in the drain.
It was fun while it lasted and 11 bets in a row is still quite good!
If anyone would like to give it a try, please continue in the thread! I would love to see, if anyone can beat my 11 in a row!
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Not bad for a result. You could have taken the 100 at some point, leaving you with your capital after a loss, or giving you the chance to start all over again But it was better losing now than later on, where the money would have stacked to a considerable amount.
Joined: Mar '09
Location: Canada
Age: 36 (M)
Posts: 3207
If pokerstars ever opens up there casino to Canadian users and offer betting ill definitely havta give this challenge a go. Seems interesting and something to keep me on my toes
Joined: Dec '10
Location: Denmark
Age: 33 (M)
Posts: 132
@Superthight
It's quite simple. Use one of the links up in the news article, it will take you the best bookie for this experiment. When you are there, you just have to sign up, make a deposit and start betting on those low odds!
Why not 200 in a row? That way you'll have a cool $19 billion (that is $18.990.527.646) from just $100... Sorry for being sarcastic, but unless you can have an edge that makes these games +EV for you, you're most likely to lose money in the long run. I don't know, maybe that is possible in sports betting, by knowing the odds better than the bookmakers, enough to beat their margin?
Do bookmakers sometimes offer +EV odds just to even out bets on a really popular team, so they won't lose whatever the score ends up being? I that case there may be a way to profit due to many other player's bad decisions, just like in poker... It would surprise me, I would think bookmakers from different countries/cities would cover each other, so both would be guaranteed a steady profit, whatever may happen.
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
was hesitant a bit bout this system, since $1 million is just peanuts for me, however now that marqis pointed out the possibility rake in cool $19 billions... i'm gonna give this a shot- those billions would put me somewhere in the list of top 100 of richest dudes in the world, which i believe i belong to right from the birth.
Joined: Dec '10
Location: Denmark
Age: 33 (M)
Posts: 132
I didn't tried this system to have a +EV. I knew from the start, that every single odds would be -EV at least the most of them. This system isn't any different to lottery, EuroJackpot and Slotmachines. The house has the edge, but with a golden spoon in your butt and a lot of luck, you can win big money.
I didn't started this system believing that i was going to be a millionaire in a couple of days, but ofc. i was hoping to beat the odds, like people playing in the lottery. I just think this way is more fun and interesting for me, since i love sports and I can choose my own matches at my own pace
