£1k to £5k Challenge – Final Update
Just a note to say this service has been discontinued.
Although it had some strong results in the early years, unfortunately they felt the results over the last couple of years weren’t quite up to scratch so decided to call time on the £1k to £5k Challenge.
It’s been fun following it over the last few years but we can understand the decision.
So this one goes into the defunct pile sadly but they have a new “win only” service they are starting up to replace the £1k to £5k Challenge, so hopefully that will do a bit better for them.
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Bet Alchemist 1k to 5k Challenge – Results Update
12th August 2022
Not much change for the Bet Alchemist’s £1,000 to £5,000 Challenge since our last update a few months ago, with a loss of £37 made in that time.
That means the 2021/22 Challenge is now £75 down from a starting bank of £1,000.
You can view full results here.
You can see the results for the previous challenges in the other tabs of our spreadsheet. Although the last one was unsuccessful, overall they have been profitable and are low workload to follow.
There is still a good deal of high quality flat racing left this summer before things switch over again to the jumps, so hopefully the Bet Alchemist can land a few winners before then.
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Bet Alchemist 1k to 5k Challenge – Results Update
20th February 2022
It’s been a while since we updated the Bet Alchemist’s £1,000 to £5,000 Challenge and in fact they have started a new challenge for 2021/22. Just in case you aren’t aware, these are attempts to turn a one thousand pound starting bank into five thousand by betting on horses at the weekend and at festivals.
So far the 2021/22 Challenge has started a little slowly and is £38 down from a £1,000 starting bank.
You can view full results here.
You can see the results for the previous challenges in the other tabs of our spreadsheet. Although the last one was unsuccessful, overall they have been profitable and are low workload to follow.
Let’s see if they can get the current one moving forward over the next couple of months with some big racing coming up, including Cheltenham of course.
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Bet Alchemist 1k to 5k Challenge – Results Update
12th September 2021
It’s been a real struggle for the Bet Alchemist’s £1,000 to £5,000 Challenge in recent times, with a loss of £258 made since out last update
That means the 2020/21 Challenge is now £581 down, from a starting bank of £1,000.
You can view full results here.
However, it is worth bearing in mind that the previous challenges made a combined profit of £2390, so overall have still done very well.
It’s around this time of year – in October normally – that Nicky wraps up the Challenge for the season so we would expect this one to conclude shortly and hopefully a fresh start will get things back on track.
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Bet Alchemist 1k to 5k Challenge – Results Update
30th June 2021
Unfortunately it’s been a tough time lately for the Bet Alchemist’s £1,000 to £5,000 Challenge, with a loss of £176 made since out last update
That means the 2020/21 Challenge is now £323 down, from a starting bank of £1,000.
You can view full results here.
However, it is worth bearing in mind that the previous challenges made a combined profit of £2390, so overall have still done very well.
We know Nicky who runs the Bet Alchemist works very hard and has a strong long-term record across his services so we’re hopeful he will turn things around soon on the £1k to £5k Challenge.
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Bet Alchemist 1k to 5k Challenge – Results Update
30th April 2021
It’s been quite a while since we updated our review of the Bet Alchemist’s £1,000 to £5,000 Challenge.
This is a quest to turn a starting bank of one thousand pounds into five grand over the course of a year by betting on big horse racing meetings, mainly at the weekend.
It’s been running since 2016 and although the full target hasn’t been reached yet in a year, it’s done very well overall. Here are the results by season:-
- 2016/17: +£938 profit
- 2017/18: -£87 loss
- 2018/19: +£539 profit
- 2019/20: +£1000 profit
Those are very respectable returns for a service that just tips at weekends and starts off with £20 stakes.
The 2020/21 Challenge began in November and so far is £147 down, so hasn’t been going quite so well.
You can view full results here.
With a lot of top class racing coming up over the Summer though there will be plenty of opportunities to turn things around and get back into profit, so we will keep an eye on things and aim to provide more regular updates on the challenge going forward.
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Bet Alchemist 1k to 5k Challenge – Results Update
9th August 2020
It’s been a tough run for the £1,000 to £5,000 Challenge from the Bet Alchemist lately with £514 lost since our last update back in June.
With the previous profits however they are still £376 up for our trial overall.
You can view full results here.
Let’s hope they can get back on track and starting landing the winners again soon.
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Bet Alchemist 1k to 5k Challenge – Results Update
26th June 2020
This is a quest to turn a starting bank of one thousand pounds into five grand over the course of a year by betting on big horse racing meetings, mainly at the weekend.
They have been absolutely flying since racing resumed, adding another £642 profit since our last update.
That means they are now £890 up for our trial overall.
You can view full results here.
Recent highlights include Coeur De Lion at 16/1 and Dark Vision at 12/1, both at Royal Ascot.
If they keep up this form the £5,000 target could be achievable in the not too distant future!
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Bet Alchemist 1k to 5k Challenge – Results Update
17th April 2020
The £1,000 to £5,000 Challenge from the Bet Alchemist is a quest to turn a starting bank of one thousand pounds into five grand over the course of a year by betting on big horse racing meetings, mainly at the weekend.
They have been on good form since our last update, adding another £234 profit.
That means they are now £248 up for our trial overall.
You can view full results here.
They did particularly well at Cheltenham, landing some nice winners including Dame De Compagnie and Monkfish, plus some yankees that went close but didn’t quite land.
The latest news on racing is that UK horse racing has been suspended beyond 1st May with no scheduled restart date but Irish Racing is aiming to get going again on May 5th, which would be very welcome if it is possible.
Stay safe and well everyone.
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Bet Alchemist 1k to 5k Challenge – Results Update
14th February 2020
We are onto the fourth annual £1,000 to £5,000 Challenge from the Bet Alchemist, a quest to turn a starting bank of one thousand pounds into five grand over the course of a year by betting on big horse racing meetings, mainly at the weekend. The previous challenges haven’t managed to hit the target but have made a good profit overall.
This one began in November and is almost back where it started, with a profit of £14 made to date on the £1,000 starting bank.
You can view full results here.
With Cheltenham not far away and lots of high quality racing coming up over the next few months hopefully we should see things pick up for them and get moving towards that target.
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Bet Alchemist 1k to 5k Challenge – Results Update
18th November 2019
The fourth yearly £1,000 to £5,000 Betting Challenge has just opened its doors after the 2018-19 cycle came to an end last week.
The aim is to try and increase a starting bank of £1,000 to £5,000 over the course of a full year. Over the past few years they haven’t managed to hit the £5,000 mark but have doubled the betting bank to just under £2,000 and last year turned a profit of £539 so a 53.9% increase in the betting bank, results of which you can see below.
For only £5 per month you it is a very affordable service and one that offers good fun and profits over the course of a full year. All selections are emailed out around 9am mainly on weekends.
This email based service is separate and completely independent of the main Bet Alchemist value betting service – which by the way is on fire at the moment following a 33/1 winner at the weekend.
We will be following this Challenge as we have done the previous ones and will be updating the results as we go along on this page.
In the meantime you can check out the Bet Alchemist’s 1k to 5k Challenge here.
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Bet Alchemist 1k to 5k Challenge – Results Update
8th September 2019
Not much change for the £1,000 to £5,000 Challenge from the Bet Alchemist recently, with just £45 lost since our last update a month ago.
They are still well ahead for the Challenge overall however, with £431 profit made so far.