Originally Posted by
protonitron
I once made almost that much in an evening betting. (Actually two evenings). I turned 1200tc into 12k in about 2-3 hours on the first evening and then made 7k at the start of the next. I then proceeded to lose all of the 19k I had laboriously earnt in the same evening and server as I earnt it. I hated myself quite a lot. I used to make a lot more than I do now simply by knowing how to bet carefully. I seem to have forgotten that though.
Slow and steady is the trick when betting, you are under no obligation to bet every round so wait for rounds where the bet ratio is favourable enough to outweigh the risk of loss (50:50 with an almost certain win is as good as 90:10 with a very unlikely victory despite the difference in profit). Never buy nudges or bet before the last turnframe (and wait till reaction time is almost up as well).
I am not sure why I am telling you this. RedPanda actually makes his money from working the market, he just buys and sells stuff.
I hope I haven't bored you and have helped a little with those who think betting is a sure loss of TC.
Nowadays I bet for fun rather than profit and don't focus on making money so much.
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Ele, tonight I will try to make a betting server to earn enough TC for your christmas lottery ticket, but betting servers are hard to start when I don't want to global so zit might not even get going.
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Kookoo: do we have plans to spend the TC in the bank on anything anytime soon because keeping TC in a bank is probably not a solid investment with TC inflation making toricredits less and less valuable all the time.
Shall we use some of the TC as lottery tickets? And the rest is to the official clan board?
But, before we even get to official, we need a leader in every section. Right now, I would be the leader mostly in forums, Panda in marketing, and Proto in in-game.
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If we win something with the lottery tickets, we can host an event
Last edited by Kookoo11; Dec 16, 2014 at 04:51 PM.
Reason: <24 hour edit/bump