Topic: Do you think you could turn $1k bankroll to $10k in a year? - page 10. (Read 1651 times)

You are right, it is possible to do it in a very short time, but during this time the risks will be so huge that it will be almost impossible to do it. I would like the risk to be moderate and there would be no 1-year limit. In addition, it is necessary to mention that even without time limits, many players lose, because they cannot control themselves and at a certain point begin to make chaotic bets just to win back the loss.

I think often those who are new to gambling and betting will not be able to hold out for even 1 year and will take a huge risk. After that, they will probably come back from time to time to try their luck again.

Sport bets is a risk and for that you should know what exactly to expect both in the short term and the long term bets, because that amount you should decide first what time frame you want to use that bankroll and how to manage it and what you are Left with, because as a sports speculators, one can finish that amount of money in just a weekend, and be able to come up with such amount of $10000 which is against your $1000 bankroll which is just 10 odds, not too much to achieve in sport bets, but then you have to consider your risks.

Yes, it is quite possible, but this task is not for a beginner who came with a starting capital to sports betting. As for me, I would hardly have pulled off such a trick in 12 months, doubling the starting capital for me now looks more realistic, since I would not have enough free time to analyze games and place bets to make x10 from the balance.

Practically, for this, you need to have greater focus and concentration. In the period of 12 months, making 10x the amount is a bit hard. But it’s possible if the right planning is done. I have never set a long-term plan to make profits. Instead, I think setting short-term goals is much more effective. Instead of thinking for 1 year, it will be better to decide to make 80% profit in a month. Then use the method of compounding to increase the initial balance with the profit and go for the bigger milestone. Sports betting here can be important to make profits, but we need to do heavy research and then choose the matches carefully to make the most profit by taking minimum risks.

Yes, indeed, you have to be careful with your bankroll and take care of it, and conditions like making 1k into 10k in 1 year are too extreme conditions that involve taking a huge risk. Of course, there will be those who can do it, but there will be so few of them that there will be many others who can't do it.

Personally, I wouldn't set goals with a time frame and deadline at all. It puts pressure on me. In addition, it's better to take less risk and place sports bets more often to make a larger sample that will fairly evaluate our betting skills. But you have to make a huge number of them to understand this and, as you say, it's not a fact that we will be profitable in the next 5 years.

I probably might not be able to do that, because since I have a target to meet (which is the $10k Mark), I could become greedy in choosing some games with high odds so that I can just win more quickly, so I might not be able to do it, unless you will accept that even if I don't get to that $10k.

12 months is a long time and I do believe that there are a few good gamblers that can archive this target in that duration of time. They will make sure they gamble all day, chose only small odds and accept cash out where necessary.

I like it when the basic data is very explicit: 1 year, bank $1000 and goal to reach $10k, game: sports betting.

Goals in betting are like cooking recipes or as a friend who trained bodybuilding would say at the time, it's all about genetics, if you don't have it forget about competing at a sports level and after that you depend on the subjectivity of a judge...

If we summarize the above in your idea, it doesn't matter how you do it, the path is always different, it's individual, you have to have some talent (which you can adapt to your personality with experience), and after that the variance, humiliates or gives brilliance to that talent, which in the case above could be the judge.

Sports betting has that "deception" that it is possible, but you should know the following when faced with a challenge like this: if your bankroll is $1000, then, you must have an "extra" source of financing, which should include the casino (or casinos) itself, having a wager/bonus, royalties, etc.

In fact, for a challenge like you have planned, your bankroll should be $10k, and from those funds you take $1000 to set that goal of 10k ($) or do the opposite, $100 to $1000 and then to $10k.

You are making a serious mistake, you can not say if I lose my bankroll is over, and it is stupidity, the bankroll is like a flower, you have to take care of it, and instead of "killing" it or squeezing it to the end, it's simple, you go down to another betting level, that should be in your plan on that path, if things go wrong what are you going to do, a quick option is to know how to go back, and resume the level.

Then knowing the ranges at which you can bet is very important, consequently being strict with profit dates should only be a guide should not be a short-term goal.

A year in any type of betting is a short period, this thing of having profits in periods of 12 months by 10x can take years, even decades, if it were that easy, the casino business would not exist.

The thing is that it becomes popular (e.g. 10x/year) because it is feasible,  but the next  year can be terrible or the one after that, hey, being a winner in a year at 1% is having success, imagine having 1000%.

Finally, stay calm, if you do things right the numbers you want so much will come, the time in which it happens is a mirage, sometimes.

That will difficult for me as I am not betting in sports too often and rarely win the match. But I am sure that some people can do that within 12 months or less depends on their skills.
The difficult thing is how to treat the bankroll and not trying to be greedy chasing the big win at once. If you can do that smooth and slowly but sure achieve your goal one by one, you will get your main goal no matter if that will be 12 months or more.
With small money, you can also achieves your big dream in sports betting but you must strict with your rules so you can manage the risk. No need to feels chase the goals but enjoy your gambling games and try to improves your skill to achieve your goals.

There's a possibility, but I'm more interested to talk about the reality, my answer is I can't.

Because if I looking back on how much I earn and the loss, it's rare for me to earn 10x from my bankroll, earning 2-3x is easy, but when you want to make more than 5x, most of the time you're suffering many losses and make you back to your beginning bankroll.

365 days is long, but I'm sure many people only gamble for 1-3 months with such amount.

At least this is a realistic challenge, it is to do a 10x but in one year and in one skill game. Personally I couldn't do it because I don't have much idea of spots betting but it doesn't seem too far-fetched, just like doing it with poker. A lot of people wouldn't be able to do it but someone with enough skill for sure.


Have you heard that we are talking about a skill game? In sports betting there is no house edge. And no, it is not at all the same to make a 10x in a day as in a year. If we assume that in a year you bet 300 days you only need to win $30 on average each day, while the other way you have to win $9.000 in one day.

12 months is such a long time; if you put it like an investment in gambling, its already a fact that there's no uncertainty in gambling, and we are encouraged not to play to make profit. its challenging, but there's no uncertainty even if you put all the best methods you can try.

Control and luck will play a major factor in accomplish this, since since we are going to use it on gambling, we are not guaranteed to succeed, we can only try.

yeah, it's possible that I can turn $1k into $10k in a year but the likelihood of me losing all of it is a lot higher than me being able to turn it into $10k. don't get me wrong, it is not that I don't have confidence in myself it is just that I know the reality that it is more likely I would lose all of it than turn it into $10k through gambling.

You gave chances that are lower than 1 out of 10 to do that even with the lowest house edge you can find on the market today.

By chance alone, it's very unrealistic to win this. I would say don't set any goals because you're more likely to lose it all than win anything.
Always the most responsible method of gambling is to okay for fun with amounts you can afford to lose. If you win anything, just withdraw and don't set unrealistic expectations on yourself. Otherwise you will enjoy it less and maybe even lose everything.

So really don't expect any 10x in gambling. Either over a year or in a day the chances are the same anyway. Anything else is gambler's fallacy.

You're making it sound like we shouldn’t gamble, man! This is a gambling discussion thread, and our replies should stick to the topic. We gamble because we want to see if we can actually be profitable. Saving money is one thing, but gambling is a different ballgame. We just need to focus on gambling right now.

The point is, if a gambler can grow their bankroll from $1k to $10k, it shows that success in sports betting isn’t impossible. Maybe the next year, they’ll feel more confident and continue betting with that $10k. If they’re successful again, they could turn that into $100k, and then the following year, they could reach $1 million. So, in just three years, you can turn $1k into $1 million, which isn't something you can achieve just by saving, given the income range we’re discussing.

Yes, I believe it's possible, although it's very unlikely and only a tiny percentage of total number of gamblers will achieve accomplishing that goal. Probably the best method to be used is Parlay bet. I was talking to someone days ago who managed to turn 2$ into 320$ through a single sequence of sporting bets. He got a sweet multiplier on his Parlay (x160). Proportionally speaking, from 1000$ to 10,000$ should be much easier to do, as you just have to grow your bankroll x10.

Also, to take a whole year to complete your objective isn't assurance of anything, neither it works diminishing risks. Sometimes a single accurate shot is the best alternative, considering you are going to quit right after with profit on your pockets.

I will start approach to $10k from different side. First of all, how do you manage to get that $1k? If you manage to save it from salary, then have you calculated what will be your balance by the end of a year if you just keep on saving? What if this is a less risky way to $10k? What if you manage to get $5k by the end of the year, so you will be few bets away from $10k? As I think that a path from $1k to $10k consist of way to many successful bets, than making several extra huge bets by the end of the year? Nevertheless, nobody here can give you a correct answer., as nobody can control gambling. It is yes or no, it is all about random. Even if you are a cautious gambler, that prefer not to risk and has a good self-control, it does not mean that you wont stumble on the last bet.

You stopped halfway, but you should have gone further - to organize a challenge with a prize fund (consisting of contributions from participating gamblers).

Many gamblers talk about the importance of skills and abilities in gambling, as if they are able to control the game process (winnings) thanks to their developed abilities, and not luck. Such a challenge could demonstrate how things really are.

Any goal is easier to achieve if the end goal is clearly formulated. I think your small challenge could allow gamblers to prove themselves and earn some money. Also, an important place here is the accounting of monthly results (statistics) and summing up at the end of the year. This could have a beneficial effect on the effectiveness of gambling due to a controlled game process, and not a chaotic one.

P.S. To be honest, in the long run, gamblers are more likely to end up in the red than in the black due to the same low RTP (<95%), but I would still like to see the results for the year.

It won’t be easy but it could be tried. It’s not a complete impossibility but like I said it would be hard. You would need to plan a lot ahead and you need to stick with this plan you have made no matter what you feel emotionally.

12 months might be too overwhelming but if you cut it into smaller time frames, it can make you feel more in control and quite confident. For example set a goal for the first quarter of the year. By that time you should already have earned a specific target and if not you should have had a plan B.

$1k could turn out 10k in a year is already that too much i should say but of course if you would really be that making use of a small amount bet per game or bet slip then it would really be that up to you.
If you do speak about possibility then it could really be reachable and 1 year time is already that too long i should say which 10x on your bankroll capital isnt really that too hard to achieve on gambling or betting world but of course it will really be that still needing up that luck factor on which we know that this is really something that you would really be needing on the moment that you do deal up with betting or even playing with casino games. Extreme control and discipline on which you would really be needing up to do because there would be tons of times or moments that you do find yourself having that kind of desperation on the on the moment that you would be losing and this is something that needs up that control.

It's possible but it needs a lot of courage.
Imagine if the gambler who does this thing reached $5k. What do you think is going through his mind? Withdrawal is my bet. I mean, that's a lot of money for one person to not crave to withdraw. I will do it.
That's why I said it needs a lot of courage for a gambler to successfully make this happen because there will be times that he will badly want or need the money to enjoy it himself.
It will also depend on the skill of a gambler if he can do it, sports betting can be predictable a lot of times and it means we can also lose it all. $1k for me though will go for a long time.