Everyone dreams of amassing a fortune through betting.
If that is your goal, you’ve come to the right place.
If you have £10-£20 and some patience, you can grow that figure into a sizeable amount if you have a cool head and nerves of steel.
Whilst this method has its risks, it has certainly been the reason behind many big wins in modern betting.
So what is it we’re talking about here?
Challenge betting, of course!
Betting challenges are fun, exciting, and all bettors – new and old – are getting into it.
The low risk, high reward element makes completing a betting challenge an attractive option for any bettor.
Large sums of money can be won with a small starting stake, and who doesn’t love that?
In this guide we will reveal the best challenge betting tips that we possess – and we bet for a living.
Your betting dreams could come true after applying a few of these tried and tested strategies.
Read on to the end of the post where we’ll reveal our biggest secret and our own challenge for you to complete.
Table of Contents
What is Challenge Betting?
Challenge betting comes under many other different names: compound interest betting, cumulative betting systems, and more commonly rolling accumulators.
Regardless of what the tactic is called, the central concept remains the same:
You start with a set amount – a small amount that you can afford.
This stake for many people is usually around £10 or £20.
This is why they are commonly referred to as a £10 to £1,000 betting challenge, or even a £10 to £10,000 betting challenge.
You take the entire amount and bet it on a single wager.
Your bet wins…now what?
You take your initial stake, plus all of your winnings, and reinvest it into another bet.
Keep repeating the process until you fail or reach your desired profit goal – this will hopefully be the outcome anyway!
This means that whilst your stakes will be getting pretty high, you can take comfort in the fact you actually only invested a small amount of money in the first place.
Sounds simple enough, doesn’t it?
Before we get ahead of ourselves, let’s look at the different types of football betting challenges and figure out the best strategy for your needs:
Types of Football Challenge Bets
It is always good to have options, and fortunately for us there are a variety of different betting challenges we can choose from.
The initial stake, betting method, and ultimately the targeted payout, varies between the different challenges. It offers something for all types of bettors.
Some of the most popular challenges are listed below:
£10 to £1,000 Challenge
Do you only have £10?
Don’t fret, this betting challenge is just what you’re looking for. You can turn that £10 into £1000 in a few, short, easy steps.
This is the most popular challenge attempted by bettors.
There are two common approaches when attempting this challenge:
- Choose bets with around 1/2 (1.5) odds and win 12 consecutive times.
- Wager on bets with odds of approximately 1/3 (1.33) and win 17 bets in a row.
The higher the odds, the fewer times you need to turn the bet over to reach the goal of £1,000, but remember not to get carried away.
Rome wasn’t built in a day, be patient!
However, it’s also important to remember that those odds and consecutive wins are just an example.
If you find a bet at much higher odds but it looks like good value, there should be no hesitation in making the bet – as long as you’re confident in its chances of winning.
There have been times when people have completed these £10 to £1000 challenges in just three or four bets.
These are of course rare, but it can be done when value is on offer and luck is on your side.
£20 to £2,000 Challenge
If you have a slightly bigger bankroll, then why not move on up to the £20 betting challenge stake?
We just used the word bankroll.
Protecting your bank is extremely important – you can’t get in over your head and begin to attempt challenge after challenge without it being a sensible financial decision.
The goal here is to turn that initial £20 into a lump sum of £2,000.
This is identical to the previous challenge, but with an increased initial stake.
The reward is great and the risk is acceptable. If you trust your instincts, this is the perfect betting challenge for you.
300 Bet Challenge
If you have unwavering patience and are dreaming of a sizeable payout, look no further than the 300 bet challenge.
As you may have guessed from its name, this challenge involves winning 300 bets (in a row!).
It may look like a tall task at first glance, but with this challenge the aim is to place bets on very short odds of around 1/50 (1.02) to 1/20 (1.05), and attempt to turn it over 300 consecutive times without failure.
The main market for this is the over 0.5 match goals market, in games featuring the likes of high scoring teams such as Barcelona and Manchester City.
That’s why this challenge is also commonly referred to as the over 0.5 goals challenge.
If you’re able to muscle through all 300 bets – all you have to avoid is a 0-0 result – you’ll be sitting pretty with between £15,000 and £1,000,000 (yes, that’s one million!) in your bank account from a £50 starting stake, depending on the odds you opted for throughout.
This challenge isn’t for everyone, 300 bets will require an exorbitant amount of time and dedication – only attempt it if you have the patience of a saint.
We’d say that the best teams for a 300 bet challenge in 2018 would be:
- Real Madrid
- Bayern Munich
- Borussia Dortmund
- Man City
Challenge Betting Strategies
There are a few reasonable betting challenges that you could choose from and each of them have their own strategies to employ.
It is important to carefully research teams, players, and any cold/hot streaks they may be on.
Form is very important when making these types of bets.
One false step and it’s over, so tread carefully.
No Scoreless Draws (Over 0.5 goals)
So, you’ve decided £10 to £1000 challenge is the one you want to tackle, what is the next step?
Finding the ideal strategy to employ is often viewed as the most important step in the challenge betting process.
Veteran bettors spend weeks perfecting their strategies before placing a single bet.
Don’t worry, you won’t be waiting weeks to place a bet, that’s what we’re here to help you with.
First, choose odds that you are comfortable betting on. Make sure to stay consistent and place bets with approximately the same odds. Consistency and routine are crucial if you want to succeed.
As an avid football fan, you should know how seldom matches end in a 0-0 draw. In fact, it happens less than 3% of the time in the EPL.
A clever trick is to combine the over 0.5 goals market and another bet in a double, so that you give your main bet an odds boost.
An example of this would be to bet on the over 9 corners market in a game with 2 attacking teams that play with wingers, and then combine it in a double with the over 0.5 goals for a small but noticeable odds boost.
High Likelihood Events
If you wish to venture into the deep-end and attempt the £10 to £10,000 challenge, focus on markets offering odds in the 2/5 (1.4) range.
A popular option is placing an in-play bet on games that you think will yield at least a goal, but are scoreless at half-time.
If that doesn’t tickle your fancy, you could place a bet on the favourite to score a goal if they fall behind early in the match, or to reach a certain number of corners.
Remember, when a team is losing, they’re much more likely to press and attack.
When attempting football betting challenges, you must get creative with your wagers and find unique markets to exploit.
Betting possibilities are endless, find one that suits you and consistently use it.
We touched on it earlier on, but we feel it needs emphasising:
The odds are actually irrelevant, it’s the value on offer that is the key thing to consider.
The odds are 1.5 for a team to score…
Does that mean they’re a good price to score?
It absolutely does not.
Not on its own anyway.
You have to weigh up the team in question, their form, their players, who they’re up against and of course the in-play stats in question, and compare all of this versus the odds on offer.
Typical Games (Under 6.5 goals)
Are you among the brave few who have decided to tackle the behemoth known as the 300 bet challenge?
I won’t beat around the bush – It will be gruelling, but it is doable with some persistence and hard work.
Very short odds are favoured when confronting this challenge, as such, 1/50 (1.02) markets are a favourite.
I would recommend betting on under 6.5 goals as we seldom see an excess of 7 goals in the Premiership.
Late Large Leads
If you’re uncomfortable banking on 300 straight matches not reaching a total of 7 goals or more, we have an alternative option for you.
Another approach would be to find teams with large leads late in matches.
For example, a 3-0 lead after 60 to 70 minutes of play, for some teams, can still offer in-play odds of 1.02-1.03.
As you can probably tell, this will take utmost patience and the returns will be minuscule at first.
Stick to the plan, don’t veer off course, and you will see progress over the long haul.
The main point of the 300 betting challenge is for enjoyment and an extreme long-term challenge.
They’re best paired with another challenge such as a 10 to 1000, so you have two running at once for maximum enjoyment.
Tips and Tricks
Betting is an art form, and it is important to remember that you are relying on the law of averages to work in your favour in the long run.
You may have a few hiccups here and there, but don’t lose focus of the end goal.
Stick to the plan and don’t change course until necessary.
Stay patient, even if you fail at first, keep trying.
Your success rate has to be just 2% when attempting the £10 to £1,000 challenge to turn in a profit long-term.
Stay disciplined and remember that you don’t have to always place bets.
Choose markets you are comfortable, with a maximum of three, and stick to them.
You will often find value in markets that aren’t as popular as the Premier League or La Liga, such as League Two or the Conference, the MLS, or Eastern-European/Scandinavian leagues.
Some bettors use a strategy of cashing out their original stake once they double it.
This helps eliminate some risk, but of course lowers the returns overall, or requires you to win more bets in order to reach your target.
However, this way you are betting with the bookie’s money for any future wagers.
Most importantly, betting challenges are supposed to be fun. If you’re not having fun, it may not be for you. There are plenty of other avenues for sports betting, find something you enjoy.
There is another other trick too…
This one was our little secret…
But we’re going to share it with you right now:
We use a tool called Inplay Betting.
This tool scans every single match that is being played and highlights each one that is having a lot of action:
We credit this tool for transforming our in-play bets.
It made us so much more profitable that it honestly doesn’t even seem real!
Our Challenge to You
We thought it would be fun to come up with our own betting challenge.
We wanted to do something a bit different, so we’re calling this one the Matched Betting Challenge.
We want to see who can make the most money each month via matched betting.
If you aren’t sure what matched betting is, you can check out the rest of our site or visit Oddsmonkey – but it can be summed up in one simple sentence:
These bets are virtually risk-free (excluding human error and potential gubbings).
Matched betting is the process of generating profits in a way that is pretty much guaranteed.
We won’t push it any further here, so it’s up to you if you think you’re up to the challenge!
We’re also big fans of this betting challenge being run by Smart Sports Trader, if you want some inspiration!
If fun and excitement is what you crave then football challenge bets is what you’ve been searching for.
And of course, lining your pockets with some extra cash doesn’t hurt either.
Whether it is the £10 to £1000 rolling accumulator, £20 to £2000 challenge, or the 300 bet test, there is something for everybody.
As a bettor, the strategies at your fingertips are just as diverse: bet against a scoreless draw, wager on trailing teams to score, win or earn corners when previously favoured in a match, or stake on teams with a large lead late in games.
For every challenge, there are counter tactics and plans you could employ to achieve the desired result.
It is important not to get discouraged by poor performance.
Analyse where you went wrong and ensure you believe you made the correct decision at the time – even if it wasn’t successful.
Keep the law of averages in mind and apply good bankroll management at all times.
Football is the greatest sport on the planet, and betting adds a little bit of spice to the mix.
Keep a level head and enjoy those extra profits.
Check out Inplay Trading.
Check out our guide to matched betting.