diff --git a/strategies/mike_strat/__init__.py b/strategies/mike_strat/__init__.py
new file mode 100644
index 000000000..011d720ed
--- /dev/null
+++ b/strategies/mike_strat/__init__.py
@@ -0,0 +1,20 @@
+# -*- coding: utf-8 -*-
+# ------------------------------------------------------------------------------
+#
+#   Copyright 2023 Valory AG
+#
+#   Licensed under the Apache License, Version 2.0 (the "License");
+#   you may not use this file except in compliance with the License.
+#   You may obtain a copy of the License at
+#
+#       http://www.apache.org/licenses/LICENSE-2.0
+#
+#   Unless required by applicable law or agreed to in writing, software
+#   distributed under the License is distributed on an "AS IS" BASIS,
+#   WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+#   See the License for the specific language governing permissions and
+#   limitations under the License.
+#
+# ------------------------------------------------------------------------------
+
+"""This module contains the bet amount per threshold strategy."""
diff --git a/strategies/mike_strat/component.yaml b/strategies/mike_strat/component.yaml
new file mode 100644
index 000000000..5a5bbbede
--- /dev/null
+++ b/strategies/mike_strat/component.yaml
@@ -0,0 +1,14 @@
+name: mike_strat
+author: valory
+version: 0.1.0
+type: custom
+description: A simple strategy that bets a fixed amount when the confidence is of a given threshold.
+license: Apache-2.0
+aea_version: '>=1.0.0, <2.0.0'
+fingerprint:
+  __init__.py: bafybeidey4syohls5hxmso6qsp5p4uhtzle5txv2mlbym6ktjzknich6oa
+  mike_s.py: bafybeibqwl52cnz64cysjd2jnjijuakdvyrffapxq65cdzx6g65gu42deq
+fingerprint_ignore_patterns: []
+entry_point: mike_strat.py
+callable: run
+dependencies: {}
\ No newline at end of file
diff --git a/strategies/mike_strat/mike_strat.py b/strategies/mike_strat/mike_strat.py
new file mode 100644
index 000000000..1f31cfa3f
--- /dev/null
+++ b/strategies/mike_strat/mike_strat.py
@@ -0,0 +1,65 @@
+# -*- coding: utf-8 -*-
+# ------------------------------------------------------------------------------
+#
+#   Copyright 2023 Valory AG
+#
+#   Licensed under the Apache License, Version 2.0 (the "License");
+#   you may not use this file except in compliance with the License.
+#   You may obtain a copy of the License at
+#
+#       http://www.apache.org/licenses/LICENSE-2.0
+#
+#   Unless required by applicable law or agreed to in writing, software
+#   distributed under the License is distributed on an "AS IS" BASIS,
+#   WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+#   See the License for the specific language governing permissions and
+#   limitations under the License.
+#
+# ------------------------------------------------------------------------------
+
+"""This module contains a simple strategy that returns a bet amount based on a mapping."""
+
+from typing import Union, List, Dict, Tuple, Any
+
+REQUIRED_FIELDS = ("confidence", "bet_amount_per_threshold")
+
+
+def check_missing_fields(kwargs: Dict[str, Any]) -> List[str]:
+    """Check for missing fields and return them, if any."""
+    missing = []
+    for field in REQUIRED_FIELDS:
+        if kwargs.get(field, None) is None:
+            missing.append(field)
+    return missing
+
+
+def remove_irrelevant_fields(kwargs: Dict[str, Any]) -> Dict[str, Any]:
+    """Remove the irrelevant fields from the given kwargs."""
+    return {key: value for key, value in kwargs.items() if key in REQUIRED_FIELDS}
+
+
+def amount_per_threshold(
+    confidence: float, bet_amount_per_threshold: Dict[str, int]
+) -> Dict[str, Union[int, Tuple[str]]]:
+    """Get the bet amount per threshold strategy's result."""
+    # we need the threshold as a string, because the agent/service overrides cannot be given with `int`s as keys
+    threshold = str(round(confidence, 1))
+    bet_amount = bet_amount_per_threshold.get(threshold, None)
+
+    if bet_amount is None:
+        return {
+            "error": (
+                f"No amount was found in {bet_amount_per_threshold=} for {confidence=}.",
+            )
+        }
+    return {"bet_amount": bet_amount * confidence}
+
+
+def run(*_args, **kwargs) -> Dict[str, Union[int, Tuple[str]]]:
+    """Run the strategy."""
+    missing = check_missing_fields(kwargs)
+    if len(missing) > 0:
+        return {"error": (f"Required kwargs {missing} were not provided.",)}
+
+    kwargs = remove_irrelevant_fields(kwargs)
+    return amount_per_threshold(**kwargs)