As a precursor to the explanation, I'd just like to point out that this will probably not work.
Feel free to comment as much as you want. Let's try to get this done together.
And now, the strategy...
We will be starting with a bankroll of $1,000 and attempting to turn that into $50,000 by the end of the year, which is in 236 days.
We will be using a compounded interest rate formula to determine the necessary return each day. We will use that return to determine the bet sizes.
r = (P/C)^(1/n)-1
so, for day 1, r = (50000/1000)^(1/236) - 1 = 0.0167145%
So, our goal for day one is to win $16.71.
Whether we succeed on a day or not, we will be putting our new bankroll through the same formula the next day. This will allow for us to make up for a losing day without "chasing". And will allow us to keep on playing even if we are ahead of schedule.
Will post picks for day 1 in the morning.