Topic: Do you think you could turn $1k bankroll to $10k in a year? - page 10. (Read 2212 times)

Gambling is a long-term activity for me. I have been gambling for more than 10 years. As for your question, turning $1k bankroll to $10k in a year, I can't say for sure. Participating in poker tournaments with cheap tickets I did turn around $500 into $5k in a year once. Honestly, I can't say anything about higher stakes.

You are right when you say gambling is not investing. However, if you are an extra lucky gambler and make consistent winnings over losses, I would say you will definitely hit the target. But we all know gambling is more on losses than gains, that’s how experienced gamblers say it. Even if you luckily hit your target today, that wouldn’t mean that you’ll do the same the following day. Losses are actually more likely inevitable, most especially for those who are focused on satisfying their greed more than entertainment alone.

To me I will say there is no possibility of turning that amount so quickly, and what I know is that you could lose it immediately and you could also double the amount so easily as well but you can't predict the exact moments which it would occur. Gambling is a game of fun and not a game for easy and faster doubling of money, but putting applying a strict measures to Gambling and increase profits is a very difficult thing to do and the chances is a 50/50 bets.

That $1000 is a lot for us who are small gamblers. Our funds are not that much and we always try to limits the money that we use for gambling. We don't want to see the losses that can becomes bigger.

So we only use the money we can afford to lose. That is better for us because we can still play gamble with some limited money. We can prevent more losses and enjoy our free time by playing gambling.

That can makes us addicted to gambling sooner than we can think. But I guess that some people can increase their balance by playing gambling. So it will be possible to get it but they must be careful.

Having to turn $1000 bankroll into $10,000 in a 12 months period can surely be an easy one for many gamblers, while it may likely not be possible for other gamblers as well.
Personally, I would say that the ability to achieve this has more to do with how lucky a gambler is, than it has to do with the strategies the gambler implore to make his target win possible.

Some gamblers who are really lucky can achieve the $10,000 mark and even more in just one single bet, while some other gamblers who are also lucky will achieve it in a number of bets, but then in the end, luck is required, and that is the most important thing.

Personally, I won't give myself such goal of making turning $1000 into $10,000 in a year through gambling, it may not work out in my favor since I hardly have time to gamble, because most times I gamble, I do it for fun and don't mind losing, I am too busy to commit myself to being serious with gambling to the extent of setting such goal for myself.

That's a lot of odds to consider, but still we can't figure out how to win certainly in future cycles of the game.
All I can say on this is just enjoy the game and consider all bets to be fair to avoid frustrations along with the long game. The amount of $10k in a year is really struggling to meet despite of how good is the odd within a game. Don't get stressed, always think positively and gamble responsibly.

Getting 10x from a fixed capital? Not going to happen, even if some of us here might say that it is possible.

This is gambling not investing. One single big loss can turn the entire tide of the streak and what is the guarantee that every match you bet on will be a win from your side? Hence luck factors in here and losses are going to happen if you look at the long run.

So yeah someone might be able to turn that number but most of us will not.

Maybe the only capable people who can make him play a gamble of 1000$ are only the rich, because if an ordinary person like me, I can buy a lot and my family can survive with that amount of 2 months and if I'm more frugal, it can reach 3 months.

I can also say that those who are addicted to gambling, because of course those who are addicted to gambling will find a way to get their body's passion for casino gambling.

Indeed, the more we pursue a certain return rate each year and the more we show off our flashy abilities to the bookmakers, the faster we lose in this field, bookmakers also have to report on their business every month as well as every quarter, there is no reason for one lucky player to survive and bring down the whole corporation, just one list of loss reports, the winning target will be targeted and destroyed. But even with such risks, this idea is still extremely feasible but first of all, do not expect when this argument can suffocate and make us breathless when time is shortened and losing streaks increase.

to be honest I am not confident to multiply my bet money to that big. I bet quite carefully, sometimes I get some lucky streaks in some of my bets throughout the week. but sometimes I get quite bad with a series of losses.
anyone who bet on sports betting must try to minimize the risk of loss as much as possible. and try to increase the amount of winnings, even with small bets.
I personally am not so sure even if it is done in the long run.

i am not sure that i can change the amount of money i have into more in a certain period of time, the reason is because in gambling nothing is certain, at any time you can lose your money, especially the games i usually play are based on luck and i bet on big leagues where the results of the game can be different compared to what i expected, so i have no confidence in that.

but maybe for professionals who are used to playing card games or those who have quite high wins in their bets, they can be very confident in changing their small bankroll into more, the reason is because they have skills and are confident in their abilities.

Though betting is not assured or certain but in this approach as bettors we have to start by betting on one or few games and I think with such approach we migjyt be able to achieve such plan in the interval of one year as you said, yes it's possible, first and foremost we should comsider bettinb on less risky matches, no matter how tempted we are to believe that some games will come out successful, we have to be very disciplined in other to select a game thats more likely to play,
Since the plan is for one year and once an individual lose is over as you said, I think this kind of stuff should be taken very serious even some preferred wining selection should better  be on goals instead of straight win because most times it may not be easy for straight win to come as predicted because of some circumstances like red and lapses of your preferred team in a particular match.

In terms of managing your pressure for the year thats if you are making progress, I think as a bettor that has decided to go for this journey, you should have where you are earning comfortable so that you can lay your hands there to solve any problem that occurs without being tempted to discontinue with the bankroll stuff and there should be high level of discipline because without it you can't be able to further this kind of plan, I think that's all I have to say about this for now.

I am more confident to turn $1000 into $10,000 in trading or in investment, considering the level of difficulty there is still identifiable than doing it in gambling, because gambling is very difficult to get financial gain, although luck may come at a certain time but we can't expect that in the process, but if there is a person who is able to do it, of course he is a great person, because if he is able to turn $1000 into $10,000, making capital from $10,000 to $100k, of course he must also be able to.

Looking at this picture, I’m more convinced that it’s possible to turn $1k into $10k. A 55% win rate is achievable, but as they say, it’s easier said than done, so it definitely needs to be tried. If I were to start this experiment, I might not begin with the full $1k - maybe half of it instead. If I lose that, it would mean I’m done betting. But if I succeed, turning $500 into $5,000 in one year sounds incredibly satisfying!

Year I actually thought of it though. The mistake I see there is the 10odd each week could have been splitted across the week, because it appears to be risky. Let me say keeping $250 as a budget for a week and split the odd accordingly to avoid the risk of losing alot but the $250 remain constant.

Your analysis is possible but it is more risky if you want to approach it this way. To me 10 odds is much when you have a target to meet and you don't want to lose at all. Perhaps you should try recalculating using 2 to 4 odds in each game. Its better it takes like 3 months or 4 months to achieve it every week than losing it in 10 odds. Since 10 odds looks more impossible than 2 odds.

It would have been nice if this thread was a contest of turning $1k into $10k in 30 days because 12months is too much time lolz. All I can say is that it is two sided meaning it may be possible and it may as well not be possible. As a matter of fact, many people will be left with a reasonable amount while some will be left with an amount lesser than the initial amount ranging from $1k down to $0. Some will as well increase above $1k but the chances of increasing the initial amount above will be lesser. It would have been easy to if a single 10 odd game or 5 games with 10odd  to be staked with $1k to get $10k or staking $250 each with a 10odd in 4 places. If possibly week 1 or 2  enters then you are able to win or recover for the next month. This is my strategy

               Odd  amount ($)    potential possible win
Week 1  10      $250.            $2500
Week 2  10      $250.            $2500
Week 3. 10.     $250.            $2500
Week 4. 10.     $250.            $2500
Total staked = $1000.         $10000

With this strategy any amount you get in return in 4 weeks will determine your outcome in the next month till 12 months.

Of course it's possible, if you have a good bankroll management, patience, a focussed mind and LUCK. The start is always the biggest hurdle. You don't wan't start in a hole best thing to happen is win the first and build from there. If you start with a loss it's always tougher of course.

I mean, from 1k to 10k is not really a big of a jump if you are lucky, I would even consider it easy. But like I said, you need luck on your side, and you need a lot of it. I have had runs myself going from like 10$ to 1500$ in 1 hour, just with 50% win chance dice games. But obviously there was a lot of luck involved. At the beginning I went allin 4 times before settling for a more safe approach after reaching 160$. So it could have ended after the first to 4th bet, but it didn't. 

But anyway, don't take my example as normal. Often enough the complete opposite happens and you lose your money quicker than you can say "broke", haha. Take a safe approach, choose every single bet wisely and hopefully you will have luck and success in this one.

In many other threads, most of what I see is people claiming that they only gamble for fun, they never considered gambling as a place to make money. But this topic shows the opposite, clearly a part of us just want to make money or get rich from gambling, which people always deny.

While this is OP's decision and has nothing to do with us, I agree with you that using gambling to pursue profit is a mistake. Because gambling is not about making money, but about spending money. Given that profit target and time to achieve it, I think it would be more feasible if we consider investing instead of thinking that we can make such a large amount of money from gambling.

After all, people gamble for profit and not for fun as people say and I am not surprised by this  .

As I bet on sports, I can tell you from my own experience that it is a big mistake to set a profit goal like you are doing. Setting a goal of $1000 to make a profit of $10,000 in a year with gambling is a mistake, and even in investments it is a big mistake. Now if you think of it like this: "have a bankroll of $1000 and bet for 1 year to know how much profit you can make" then it is a more realistic goal. Because you can get to a year and not make any profit or you can get to a year and only make a 20% profit, which would also be good. But from $1000 to making $10,000 in 1 year is not impossible, but it will be very difficult if you are not very skilled in everything: from bankroll management to betting.