Can long term rollovers work in sports betting?? - page 4.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

We all play sports betting for different reasons, some play for fun and some play for the purpose of getting that extra funds
You can't always rely on betting to give you the money you need but still some people claim to be in profit from sports betting
From my experience long term rollovers can be very risky and uncertain, if your target is 1.30 odds for a month
It looks pretty easy considering the odds, but the question is, can you be lucky everyday?
Can you always win the bet for 30 days without having a bad day even if you have a good strategy
I always tell people that withdrawing your profit after a game is the best thing to do from my experience
Let's say you play a game of 1.30 odds with 2000 naira, it's wise to withdraw your profit and stake again the next day
So that even if it goes sideways your loss will be minimized. This is just my idea about this
You can share your ideas and strategies on this topic

First, the rollover used is not the appropriate word as it's being used to fulfil some special conditions in gambling, like bonus requirement conditions. In your case, it's better to use "compounding," which is the appropriate term used when you continue using your money without withdrawing it after each outcome. As for what you said, do not be pessimistic, it is possible, and it's even a known fact some people compound their winning in sports betting successfully. The 30 days or longer is not a big deal, the big deal is whether or not you are a good speculator in sports betting and have the needed management and plans to back it up.

At the lowest expectations, if you are a good speculator, you should have at least a 75% winning rate, which means that in 30 days, you will win about 75 out of your 100 bets, or 7.5 out of your 10 bets. This means good profits if you remove the bets you lost from the winning ones. However, ensure you go for reasonable odds so that a single loss will not be worth more than a single win to avoid distorting the balance.

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Quote from: Gozie51 on July 19, 2024, 05:15:56 AM

Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

From my experience long term rollovers can be very risky and uncertain, if your target is 1.30 odds for a month
It looks pretty easy considering the odds, but the question is, can you be lucky everyday?

I don't think you are quite explicit with what your key word is from your title "rollovers". What do you actually mean by rollover in sports betting because I see that as betting on games that are going to start in future dates like the next day or week but if you mean rollover as accumulated or accumulation of profit then it depends on one's emotion not to bet beyond your stipulated limit or you withdraw it out.

Yeah, the OP sound very contradictory because what I understand by rollovers is a running accumulation of future games but he made everything looks different from his subject but however, rollover bets or a running bets is not advisable unless for someone who can control their emotions because I've seen people that played rollover games that has a long term combination of future games and it will play accordingly till the very last event in the ticket or matches of the last date and the bet loses so now you will consider the time it took before it got to that stage and the stigma you went through monitoring such bet at different intervals when each of the events are to play so it's better to place a bet that will just run between a day or two, if it doesn't play according to prediction you just remove your mind from it.

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Quote from: Igebotz on July 20, 2024, 04:58:47 AM

Some people don't actually know how difficult it is to rollover 1.30 odds consecutively, you won't realize it until you actually want to start with a huge stake. I've had 0.5 goal market ruin my odds rollover multiple times.

A lot of people. We gamblers are naturally illogical about math, and we believe odds are tied to pure probability. OP seems to think 1.3 is high win probability, but in reality, it's low value and the chances of you losing within 2 consecutive bets is more than 40%.

Quote from: Igebotz on July 20, 2024, 04:58:47 AM

Quote from: Sandra_hakeem on July 19, 2024, 07:45:36 PM

it's practically impossible; I'll consider the odds of a jackpot falling on my tickets to be lower than this.

The term impossible does not exist in gambling world.

Clearly, some people aren't gamblers Wink

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

..............
Let's say you play a game of 1.30 odds with 2000 naira, it's wise to withdraw your profit and stake again the next day
So that even if it goes sideways your loss will be minimized. This is just my idea about this
You can share your ideas and strategies on this topic

Betting should always be approached with a foundation of thorough research and analysis: understanding the teams, players, and match conditions can lead to smarter decisions that enhance your probability of success. Keep your expectations realistic, do not allow yourself to be lured by visions of easy windfalls.

One more essential point is to control your bankroll. You should not stake more than you can easily afford and do not forget to play within the limits you have established. This will help you keep track of your financial situation, stay away from undue pressure in case of losing bets, and remain calm to make wise decisions further.

By exchanging ideas and strategies with the community, you can gain alternative viewpoints on your approaches: however, regardless of which strategy you adopt, ensure that it is compatible with your lifestyle and risk appetite. Remember: sports betting ought to be a leisurely endeavor under control, not a cause of undue tension or fiscal turmoil.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

Can you always win the bet for 30 days without having a bad day even if you have a good strategy

No one can always win the bets and that's 100% logical but actually the ones with good strategies can win many days without losses and if they face some losses after winning 10 to 20 bets then such loss doesn't impact them at all. However, it's still wise to withdraw the money after winning 2-4 bets to prevent losses.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

We all play sports betting for different reasons, some play for fun and some play for the purpose of getting that extra funds
You can't always rely on betting to give you the money you need but still some people claim to be in profit from sports betting
From my experience long term rollovers can be very risky and uncertain, if your target is 1.30 odds for a month
It looks pretty easy considering the odds, but the question is, can you be lucky everyday?
Can you always win the bet for 30 days without having a bad day even if you have a good strategy
I always tell people that withdrawing your profit after a game is the best thing to do from my experience
Let's say you play a game of 1.30 odds with 2000 naira, it's wise to withdraw your profit and stake again the next day
So that even if it goes sideways your loss will be minimized. This is just my idea about this
You can share your ideas and strategies on this topic

I'm curious, aren't you bored with the way you only bet at odds of 1.30 for a month? Honestly, betting like that would just bore me because after all, it would be more interesting to get other odds and other options in sportsbook betting. But, if you are wondering whether we always win with odds of 1.30? then of course the answer is no because, even if you bet only based on odds of 1.01 like that, your chance of losing will still be there.

Because at least, in the past when I was bored of betting and maybe even frustrated, I just made a lot of parlays with odds like that. But in reality, I also still experienced losses even though I thought it was a guaranteed winning odds, but in gambling it can't be like that even though it is a sports bet that is difficult to manipulate or cheat.

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Quote from: Kelward on July 20, 2024, 02:37:52 AM

If by rollover you mean that gamblers should take winnings to avoid using it to gamble, then it makes sense. But you have to consider the amount won and the transaction fees to withdraw it, if it's a small win you can leave it and concentrate on gambling with only your gambling bankroll. Any gambler that works with budget and is disciplined will not have any issues on whether to leave or withdraw wins. They'll decide whether it's best to withdraw immediately or to let the win to accumulate before withdrawal.

It's next to impossible for anybody to expect winnings for 30 days straight, there'll be wins and loses along the way. People should not take gambling as a sole source of income because it takes luck to win and you shouldn't rely on lucky income to take care of your responsibilities.

The idea of rollover is putting all your initial bet + profit on your next bet that’s why it’s called rollover because you are rollin your money.

Taking profit after the bet is not rollover but rather just a re-bet since he is just using same amount of and there’s no rollover happened. Rollover is never a good idea on this topic because it push all-in every bet. I think the best way to do this kind of rollover strategy is just using the profit to rollover and secure the original bankroll to guarantee that he will not lose anything once the rollover streak ended.

I do this kind of rollover strategy on card games but I use only the profit and carry over the next bet.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

From my experience long term rollovers can be very risky and uncertain, if your target is 1.30 odds for a month
It looks pretty easy considering the odds, but the question is, can you be lucky everyday?

Don't forget also that despite it's a small odd the gambler can still start getting losses from the very first games in his bid to go for a rollovers, so let not make it appear as though it's only from the middle of the rollover we probably might get some losses.

Rollovers from my little time's I have given attention to it I find it to be time wasting, and this is what I mean. Imagine projecting on going for 5 times rollovers, after spending time and being lucky going through a successive 4 rolls and just to have both capital and profits all gone because the fifth rollover was a loss. Let's be frank, the rollover strategy, irrespective of the size of the odd the risk to lose all money is far greater than that of making profit from it.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

We all play sports betting for different reasons, some play for fun and some play for the purpose of getting that extra funds
You can't always rely on betting to give you the money you need but still some people claim to be in profit from sports betting
-snip-

Quote from: Igebotz on July 20, 2024, 04:58:47 AM

Quote from: Sandra_hakeem on July 19, 2024, 07:45:36 PM

it's practically impossible; I'll consider the odds of a jackpot falling on my tickets to be lower than this.

The term impossible does not exist in gambling world.

That's it. The OP is asking wether it could work, and for some it will: that's how the law of large numbers work, as it is not impossible like Igebotz rightly said, but highly improbable.

Does that mean that it could be taken as a recommended technique? Only if you can afford to lose, and if you enjoy it, but not as an investment strategy. Because the more you chain bets, the more likely you are to not win; you can't be the exception forever.

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Quote from: buwaytress on July 19, 2024, 07:07:06 PM

OP says rollover, he just means compounding bets. As in, putting in the entire amount won (stake + profit) into the next bet, and repeating. I have to ask, why would any gambler ask these hypotheticals? It's not a particularly brilliant idea and must surely be attempted by many. The absence of people saying they're doing this is evidence that it doesn't work.

First problem: 1.30 odds? Watch football and tennis and see 1.05 odds favourites don't win. More often than the 1 in 20 probability the odds suggest.

Second problem: Even if you somehow manage to secure consecutive wins, it will hit your max limit. Highly doubt your limit would fit in 20 consecutive bets (for a compounded value of 190 times your first stake), never mind 200.

Rolling over (stake + profit) on random odds with no specific odds target in mind is the the peak of irresponsible gambling. Rollover odds are better, but only if you take a profit, not if you put everything in.

Some people don't actually know how difficult it is to rollover 1.30 odds consecutively, you won't realize it until you actually want to start with a huge stake. I've had 0.5 goal market ruin my odds rollover multiple times.

I dare anyone to pick 50 games to go over O.5 goals ( football). Tried it for more than 7 times with zero success.

Quote from: Sandra_hakeem on July 19, 2024, 07:45:36 PM

it's practically impossible; I'll consider the odds of a jackpot falling on my tickets to be lower than this.

The term impossible does not exist in gambling world.

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Quote from: freedomgo on July 20, 2024, 03:39:59 AM

Quote from: Iranus on July 19, 2024, 08:49:03 PM

Quote from: freedomgo on July 19, 2024, 05:46:36 PM

Withdrawing your money when you are winning doesn't help much at all unless you don’t plan to come back the next day. The thing is, we think we can win every day, so we think of withdrawing, but in the long term, we don't need to. We understand that on a daily basis, we might experience losses and winnings. It's part of it, but your goal is to be profitable, which means you'll need more wins (positive) than losses (negative). Instead of focusing on the timing of withdrawing, you should focus more on the quality of your picks, as that will bring the wins for you.

As long as you have the discipline to follow your bankroll management and the skills to pick the right play, you'll certainly be profitable in the long run. Lastly, view sports betting as skill-based so you'll be inspired to work hard to improve your sports capping skills.

I was also about to say this, I saw many people say that they will withdraw money immediately when winning and only leave a small amount in the account. And that's really meaningless if they still intend to keep coming back tomorrow or soon after because if they lose they will have to deposit again. We are talking about participating in gambling and there will be wins and losses, we are not talking about working and getting paid every time the work is done.

I even make the same mistake in daily trading, not just in gambling. I usually cashout every time I make a profit but maintaining consistent wins every day seems impossible and there are days when I lose a lot. I even lost money for many days in a row and when I ran out of capital, I had to deposit money again, so I later realized that withdrawing money every time I won could not guarantee my strategy. You're right, what we should care about is finding ways to win more, other things aren't so important.

Having that kind of mindset will make you unrealistic because you think you can always win, and that short-term goal might result in missing out on what could happen in the future, like a losing streak. If we have prepared for that possible scenario and know how to handle it, it will not be a problem when it comes because we are ready and know what to do. Some gamblers end up getting addicted because they think a losing streak is not going to happen. When they experience it, they tend to become more aggressive in gambling, forgetting their limits, and end up betting all they have just to win back their losses.

The always winning mindset isn't good enough for a gambler, it's a kind of mindset that look a bit terrifying when you go all in and you are watching the games live then one among the games are going against what you predicted them. However, rollover doesn't bring winning all the time,you might be lucky but truth be that you can't rollover 10 to 12 rounds without losing unless you are the luckiest gambler for the day.

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Quote from: Iranus on July 19, 2024, 08:49:03 PM

Quote from: freedomgo on July 19, 2024, 05:46:36 PM

Withdrawing your money when you are winning doesn't help much at all unless you don’t plan to come back the next day. The thing is, we think we can win every day, so we think of withdrawing, but in the long term, we don't need to. We understand that on a daily basis, we might experience losses and winnings. It's part of it, but your goal is to be profitable, which means you'll need more wins (positive) than losses (negative). Instead of focusing on the timing of withdrawing, you should focus more on the quality of your picks, as that will bring the wins for you.

As long as you have the discipline to follow your bankroll management and the skills to pick the right play, you'll certainly be profitable in the long run. Lastly, view sports betting as skill-based so you'll be inspired to work hard to improve your sports capping skills.

I was also about to say this, I saw many people say that they will withdraw money immediately when winning and only leave a small amount in the account. And that's really meaningless if they still intend to keep coming back tomorrow or soon after because if they lose they will have to deposit again. We are talking about participating in gambling and there will be wins and losses, we are not talking about working and getting paid every time the work is done.

I even make the same mistake in daily trading, not just in gambling. I usually cashout every time I make a profit but maintaining consistent wins every day seems impossible and there are days when I lose a lot. I even lost money for many days in a row and when I ran out of capital, I had to deposit money again, so I later realized that withdrawing money every time I won could not guarantee my strategy. You're right, what we should care about is finding ways to win more, other things aren't so important.

Having that kind of mindset will make you unrealistic because you think you can always win, and that short-term goal might result in missing out on what could happen in the future, like a losing streak. If we have prepared for that possible scenario and know how to handle it, it will not be a problem when it comes because we are ready and know what to do. Some gamblers end up getting addicted because they think a losing streak is not going to happen. When they experience it, they tend to become more aggressive in gambling, forgetting their limits, and end up betting all they have just to win back their losses.

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If by rollover you mean that gamblers should take winnings to avoid using it to gamble, then it makes sense. But you have to consider the amount won and the transaction fees to withdraw it, if it's a small win you can leave it and concentrate on gambling with only your gambling bankroll. Any gambler that works with budget and is disciplined will not have any issues on whether to leave or withdraw wins. They'll decide whether it's best to withdraw immediately or to let the win to accumulate before withdrawal.

It's next to impossible for anybody to expect winnings for 30 days straight, there'll be wins and loses along the way. People should not take gambling as a sole source of income because it takes luck to win and you shouldn't rely on lucky income to take care of your responsibilities.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

but the question is, can you be lucky everyday?
Can you always win the bet for 30 days without having a bad day even if you have a good strategy

Of course not, but at least within 30 days you can still make a profit. I mean, in the time you've set you have made 30 bets and the result is 20 wins and 10 losses.
That means you still have a profit within those 30 days even though you can't get a win every day but accumulate within a month you still get a profit.

I've had a similar experience as I told you in almost two weeks of winning in a row but still there's a loss and most importantly not exceeding the odds that have been set for example less than @1.5

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Quote from: AmoreJaz on July 19, 2024, 04:43:10 PM

Quote from: livingfree on July 19, 2024, 02:36:52 PM

So, this is going to be martingale in sports betting? I doubt it that it's going to work.

The typical martingale in dice and other luck based games don't even work in the long term. And that's why give up with this idea if you don't to burn your money.

But if it's the opposite, good luck with what you're doing.

This is sportsbetting, so it is different from the regular casino games.

Yeah, it's different if by the looks but the strategy is very likely. Rollover for 30 days or even longer is like doing martingale for that long.

Quote from: AmoreJaz on July 19, 2024, 04:43:10 PM

Consider each match or game that you need to bet. You should know the sports well and very familiar with the athletes involved. In this way, you have better chance of selecting odds which has higher potential of winning. If you don't know the sports, you are just betting blindly and losing is inevitable.

It's highly unlikely that you'd win all of your bets even you're the most knowledgeable guy for that sports. Even the greatest don't have 100% of accuracy.

Maybe 50%-70% might be already good for an expert but for someone who's walking in the cave of shadows is very unlikely to hit that.

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Quote from: Iranus on July 19, 2024, 08:49:03 PM

I was also about to say this, I saw many people say that they will withdraw money immediately when winning and only leave a small amount in the account. And that's really meaningless if they still intend to keep coming back tomorrow or soon after because if they lose they will have to deposit again. We are talking about participating in gambling and there will be wins and losses, we are not talking about working and getting paid every time the work is done.

You need to pay some fees when you withdraw your money too, not to mention it's wasting time since you keep deposit and withdraw for every gambling session. I'm not sure how much is @OP's bankroll though, if it's like $100K or $1M, then winning 1.3x is already a good sum.

But, if it's just less than $50, I'd say at least you need to double your money before you withdraw.

Winning everyday is impossible including in trading, there's always a time you will lose.

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Quote from: freedomgo on July 19, 2024, 05:46:36 PM

Withdrawing your money when you are winning doesn't help much at all unless you don’t plan to come back the next day. The thing is, we think we can win every day, so we think of withdrawing, but in the long term, we don't need to. We understand that on a daily basis, we might experience losses and winnings. It's part of it, but your goal is to be profitable, which means you'll need more wins (positive) than losses (negative). Instead of focusing on the timing of withdrawing, you should focus more on the quality of your picks, as that will bring the wins for you.

As long as you have the discipline to follow your bankroll management and the skills to pick the right play, you'll certainly be profitable in the long run. Lastly, view sports betting as skill-based so you'll be inspired to work hard to improve your sports capping skills.

I was also about to say this, I saw many people say that they will withdraw money immediately when winning and only leave a small amount in the account. And that's really meaningless if they still intend to keep coming back tomorrow or soon after because if they lose they will have to deposit again. We are talking about participating in gambling and there will be wins and losses, we are not talking about working and getting paid every time the work is done.

I even make the same mistake in daily trading, not just in gambling. I usually cashout every time I make a profit but maintaining consistent wins every day seems impossible and there are days when I lose a lot. I even lost money for many days in a row and when I ran out of capital, I had to deposit money again, so I later realized that withdrawing money every time I won could not guarantee my strategy. You're right, what we should care about is finding ways to win more, other things aren't so important.

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Quote from: Sir_Garry55 on July 19, 2024, 04:34:08 AM

From my experience long term rollovers can be very risky and uncertain, if your target is 1.30 odds for a month
It looks pretty easy considering the odds, but the question is, can you be lucky everyday?

It's not easy... I haven't even underrated any given odd for a game no matter how small it looks. If you're certainly able to make a win for those odds on every single bet you place, the casinos wouldn't include it as part of the options.... That's a big loophole

Quote from: Igebotz on July 19, 2024, 06:20:01 PM

it's not impossible, but the chances of that happening are the same as picking 25 random games on a single betting slip.

it's practically impossible; I'll consider the odds of a jackpot falling on my tickets to be lower than this.

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OP says rollover, he just means compounding bets. As in, putting in the entire amount won (stake + profit) into the next bet, and repeating. I have to ask, why would any gambler ask these hypotheticals? It's not a particularly brilliant idea and must surely be attempted by many. The absence of people saying they're doing this is evidence that it doesn't work.

First problem: 1.30 odds? Watch football and tennis and see 1.05 odds favourites don't win. More often than the 1 in 20 probability the odds suggest.

Second problem: Even if you somehow manage to secure consecutive wins, it will hit your max limit. Highly doubt your limit would fit in 20 consecutive bets (for a compounded value of 190 times your first stake), never mind 200.

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No good strategy will bring you consistent profit as long as it is gambling, in any form. Whether you'd stick with odds or not, outcomes will be random and be dependent with your luck on each moment you will be placing a bet. Consistent gambling is also not advisable especially if you are chasing profit, loss would be tolling in the long run that it will cover your profit. Well, I know some bettors who are gambling to make a daily living but they never bet daily. What they're focused is checking match ups they think would generate profit and prioritize securing the amount once they got the game. Again, we're in gambling industry and that's an enough reason for us to accept that no consistency is possible especially with betting outcomes and of course profit.

Topic: Can long term rollovers work in sports betting?? - page 4. (Read 1087 times)