Do you think you could turn $1k bankroll to $10k in a year? - page 11.

Iranus

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Quote from: Frankolala on October 28, 2024, 03:09:32 AM

One thing that you need to understand is that, gambling is not what you chase profit all about and believe that you will definitely achieve it. The house edge always win, therefore, how do you expect a gambler to turn 1k into 10k in 12 months. For some, the 1k will end in one week, while some in one month. It's better when gambling, you don't have big hopes but only gamble for fun, and if you get lucky to hit the jackpot, it will be an additional benefit for more fun.

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 Cheesy

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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.

bakasabo

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Also. One year is a very long period. Imo, it wont be smart to gamble all-in all the time on a way to $10k. Much smarter would be playing low odds with low bets. One by one, victory by victory, grain by grain that $10k will be accumulating. But one year. Will a person be ready to dedicate so much time to gambling? Will a person be ready for a self-control? Be always on the nerves? That is why I though it will be easier to save, earn money during that year, to make those stages more light. Nevertheless, nothing is impossible.

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Quote from: bakasabo on October 28, 2024, 03:45:30 AM

Quote from: Sanitough on October 27, 2024, 08:50:35 AM

Quote from: bakasabo on October 27, 2024, 08:32:27 AM

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?

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.

I did not mean to sound like that or ask people not to gamble, but people should be realists. I did not say that it is impossible to make x10, but how many did really achieve that? My idea was that making x2 is more real than making x10. That is it.

By saying "This is a gambling discussion thread, and our replies should stick to the topic" what was you trying to say? That my post was off-topic? But it was actually on the topic. I have suggested more easy way to get $10k; by increasing deposit. If you want a direct answer on the topic - I will not be able to turn $1k into $10k with gambling, because I see no way to do it without taking a huge risk.

I do not see anything wrong about you advice.

It is just your opinion. Probably Sanitough did not under what you posted.

You meant that the person can try to reduce the old and focus more on savings from the salary he is earning. Example is if the person can save up to $8000, that he should use $1000 to look for 3x to make it up to $10000, instead of focusing on 10x. That is a good idea in my opinion.

It is a good advise because the lesser the odd the higher the probability of winning. But any odd that is getting more than 1.8, I usually lose it too. I will prefer to not think of making money from gambling at all. I will use small amount of money for each betting and also prefer to win small amount of money so that if I lose, I will know that I use small amount to bet on the match.

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Quote from: Sanitough on October 27, 2024, 08:50:35 AM

Quote from: bakasabo on October 27, 2024, 08:32:27 AM

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?

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.

I did not mean to sound like that or ask people not to gamble, but people should be realists. I did not say that it is impossible to make x10, but how many did really achieve that? My idea was that making x2 is more real than making x10. That is it.

By saying "This is a gambling discussion thread, and our replies should stick to the topic" what was you trying to say? That my post was off-topic? But it was actually on the topic. I have suggested more easy way to get $10k; by increasing deposit. If you want a direct answer on the topic - I will not be able to turn $1k into $10k with gambling, because I see no way to do it without taking a huge risk.

Frankolala

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over. If you reach 12 months and your total is still less than your original bankroll, that’s still a failure.

Just be honest here. I want to hear from those with experience who see gambling as a long-term activity. Even if your bankroll is smaller, I’m sure you still dream of big wins, which are more feasible with a larger bankroll. Do you really believe it’s possible? If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

One thing that you need to understand is that, gambling is not what you chase profit all about and believe that you will definitely achieve it. The house edge always win, therefore, how do you expect a gambler to turn 1k into 10k in 12 months. For some, the 1k will end in one week, while some in one month. It's better when gambling, you don't have big hopes but only gamble for fun, and if you get lucky to hit the jackpot, it will be an additional benefit for more fun.

Kelward

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

Just be honest here. I want to hear from those with experience who see gambling as a long-term activity. Even if your bankroll is smaller, I’m sure you still dream of big wins, which are more feasible with a larger bankroll. Do you really believe it’s possible? If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

I think that it's important to note that it's not advisable to put too much expectations on gambling wins because of the house edge and the luck factor that is a major determinant for winnings. Naturally even if you're gambling for fun, you still want to win, but setting a target for winnings, to me it means putting pressure on yourself. I have a budget for my gambling every week and it must be the amount that I can afford to loose. I just focus on gambling with the amount, if I win I'll take, if I lose I'll move on. My point is that I don't put any specific target for the year as far as it concerns gambling.

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Quote from: Julien_Olynpic on October 27, 2024, 09:32:47 PM

Increasing your bankroll by 10 times is a very difficult thing. It is almost impossible to do.....

I think you will change your mind if you'll see this data.

So I made a simulation with the data coming from OP, which is the $1000 initial bankroll, $10,000 target, and 1 year period.

Based on the picture attached, you'll only need to win 778 bets out of 1400 in order to reach the goal, that is using a 5% stake per bankroll compounding.

gunhell16

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over. If you reach 12 months and your total is still less than your original bankroll, that’s still a failure.

Just be honest here. I want to hear from those with experience who see gambling as a long-term activity. Even if your bankroll is smaller, I’m sure you still dream of big wins, which are more feasible with a larger bankroll. Do you really believe it’s possible? If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

Honestly 1000$ is a big amount to me, I will not put that amount in a casino online. 30$ is probably the biggest amount for me, because I'm not the type of gambler who wants to win big in gambling. Because I am also aware that the majority or most of the time those who play casino online are losers.

Maybe the only ones who will do that are the gamblers who enter such an amount where they have businesses that are the source of their money or their monthly salaries are large.

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Quote from: LogitechMouse on October 27, 2024, 10:05:04 PM

Yes, ~~but probably with a help of an insider,~~ or if you're a great analyst that you know which teams you will be betting with.

The moment you state that, it suggests you might not believe it’s possible. mmm... I really guess success in sports betting isn’t for everyone, and it’s true that only a small percentage of bettors are profitable. However, many successful bettors probably started just like us, and their dedication to what they do is why they succeeded in the long run.

Most bettors who fail either think winning in sports betting over time is impossible or underestimate the effort required. We need to be realistic and treat it like a business - protecting our bankroll and viewing it as an investment. This way, we’ll explore every possible avenue to win, and it’s all about making adjustments, and once you find that formula, you can definitely be profitable like others. Personally thouh... I’ve tried this kind of approach and so far, I haven’t found the success I’m looking for yet. What I’m saying comes from what I’ve learned by reading online from various sources, and I’m confident it’s the right mindset.

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

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Just be honest here. I want to hear from those with experience who see gambling as a long-term activity. Even if your bankroll is smaller, I’m sure you still dream of big wins, which are more feasible with a larger bankroll. Do you really believe it’s possible? If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

Yes, but probably with a help of an insider, or if you're a great analyst that you know which teams you will be betting with.

12 months is a long time, but risking $1,000 just for accepting the challenge of making to $10,000? Only rich people can do it, and if they can, I doubt that it will take 12 months for them to x10 their money. I'd say that I can't do it if I have $1,000. I've been into sports betting for some time now (mostly basketball), and it's hard to make predictions even you analyze the 2 teams already. I also believe that in every sport, there's always a chance that the game might be rigged hence, that might affect your bets overall.

I would say that it's possible, but the chances are low. With this, TBH I might try to do it next year, but with a lower amount of course. Maybe $50 or $100. Cheesy

How will I approach it? Hmmm, $1 per bet, but betting on 5 matches/games at least on a daily basis, I guess.

Julien_Olynpic

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Increasing your bankroll by 10 times is a very difficult thing. It is almost impossible to do it purposefully because there are very big risks. In fact, in order to get a big profit, it is almost necessary to take big risks. In this case, it is enough to make 4-5 bets with good winnings that would double your previous bankroll and you can get a 10-fold increase in your bankroll. But this is a very risky strategy. If you spend 1-2% of your bankroll on each bet, then you will hardly be able to increase your bankroll by 10 times.
In general, I believe that there is no point in setting profit goals for yourself. After all, in this case, you become a hostage to your goals and will take unjustified risks.

len01

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There is no guarantee but it could happen.
Assuming long term gambling (in sports betting) can be done but it requires a lot of things to do such as very deep analysis, calculating each number of odds to be selected and other things that affect management
But unfortunately most gamblers will only bet on certain leagues and don't want to do many things that complicate the situation like doing the things I mentioned. So most sports gamblers will only bet in the short term and never think about long term gambling.

On the one hand, sports always provide surprises that certainly destroy our betting slip which will later reduce the amount of profit in one week. So to live a long term bet, of course it will be very difficult to turn $ 1000 into $ 10k.

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Quote from: fortunecrypto on October 27, 2024, 06:19:00 PM

I can take the challenge, but I cannot guarantee that I can reach $10k in 12 months. I could even lose it if I try to target that amount, because this is like trying to make a profit from gambling, and we all know gambling is a game of luck and losses are normal, and you have to be extremely lucky to reach that profit, so I doubt if its possible.

Then maybe you should not try at all. When you start with a decent bankroll and aim for the long term, it shows you believe you have the skills to be profitable over time. Sure, luck plays a role, but it doesn’t happen regularly. What you need to focus on is consistency. In sports betting, if you stay disciplined with bankroll management, achieving a win percentage of 55% can significantly boost your profits.

It all starts with your mentality or mindset. If you believe that gambling is purely based on luck, then making a living from sports betting or finding success in it probably isn’t for you.

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over. If you reach 12 months and your total is still less than your original bankroll, that’s still a failure.

I can take the challenge, but I cannot guarantee that I can reach $10k in 12 months. I could even lose it if I try to target that amount, because this is like trying to make a profit from gambling, and we all know gambling is a game of luck and losses are normal, and you have to be extremely lucky to reach that profit, so I doubt if its possible.

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over. If you reach 12 months and your total is still less than your original bankroll, that’s still a failure.

Just be honest here. I want to hear from those with experience who see gambling as a long-term activity. Even if your bankroll is smaller, I’m sure you still dream of big wins, which are more feasible with a larger bankroll. Do you really believe it’s possible? If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

I am not confident of myself that I'll grow it to that much even if the span is going to be a year. I'm not so sure about myself even if I do analysis because of the games despite being predictable, you always have to expect some upsets and twists.

In any sport that a sports bettor does, there are some surprising turn of events and that's why if you'll ask me if I can grow that with 10x in a year, I cannot say that I can.

I might but more of me says that I might just lose it all in that span of time.

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over. If you reach 12 months and your total is still less than your original bankroll, that’s still a failure.

Is possible to turn your Bankroll into that amount or even more higher before 12 months and it may also not be possible, so it depends on how easy and patience you are, because gambling can be very fragile if greed is attached to it but if you are not greedy and taking it slowly you could multiply your bankroll, however I'm not bragging but I believe I can make a lot of winning if I'm to be giving $1k though I may not win up to $10k within 12 months because not all the time I can win but I will make sure that I apply risk management on that $1k so that even if I loss the effects will not be much and at the end of the 12 months I should be having up to $4k or more.

o48o

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over. If you reach 12 months and your total is still less than your original bankroll, that’s still a failure.

Just be honest here. I want to hear from those with experience who see gambling as a long-term activity. Even if your bankroll is smaller, I’m sure you still dream of big wins, which are more feasible with a larger bankroll. Do you really believe it’s possible? If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

No i don't think i can. I see it as a possibility like in all gambling, but if i really thought that i could, that might be a reason why i didn't have any money left. Because believing yourself in gambling is a sure way to lose all money. It's similar to feeling entitled to just have that money, ignoring the fact that others are trying to win too.

So it becomes down to luck again, and don't you think that if i definitely could make 10x in 10 months that i would have done that over and over already for years and be a billionaire? Because it's not about the amount of money you are trying to 10x, it's the budget you still have after your betting bankroll, so you will be relaxed enough to make those bets and won't get hurt if you lose. If you are playing with mentality of "all or nothing", your gambling "career" either ends fast or ends by getting really rich really fast.

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Quote from: Sandra_hakeem on October 27, 2024, 04:34:48 PM

Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over..

Are you serious right now? What a stupid way to be entitled to someone's money...or I'd rather say, the lamest way to waste a band in jiffy.
You cannot control what's not in your possession thus, you can't control or manipulate the chances in-between/ the frequency at which you hit a win.. if this is the case, then it's unwitty to create strategies on hitting 'em wins, with an estimation that is expected to fit just right on your simulations.. how's that even possible? The chances of this happening is 1/20...;....45 trials.

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If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

The highest you can do is control how much you wager, and what games to wager on...

As much as possible, don't dedicate yourself playing on luck-based games. If you particularly know sports, better focus on sportsbetting. Don't rush yourself in attaining such target amount. Would be very hard to gain that profit if you have no more bankroll to use. But would it be better to look for side hustle and earn that money? I don't think it is a smart move to dedicate your time in gambling and aim for such amount of profits? I believe, you will earn more if you will look for some odd jobs that can help you in attaining that goal.

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Quote from: Japinat on October 27, 2024, 04:40:52 AM

So, this is a 12-month period of betting across different leagues. For those actively betting in sports, I’d like to ask if you think it’s possible to turn your bankroll into that amount within 12 months. That bankroll should be treated seriously - if you lose it, your betting journey is over..

Are you serious right now? What a stupid way to be entitled to someone's money...or I'd rather say, the lamest way to waste a band in jiffy.
You cannot control what's not in your possession thus, you can't control or manipulate the chances in-between/ the frequency at which you hit a win.. if this is the case, then it's unwitty to create strategies on hitting 'em wins, with an estimation that is expected to fit just right on your simulations.. how's that even possible? The chances of this happening is 1/20...;....45 trials.

Quote

If so, share how you’d approach it- everything from setting your bankroll to your wagers and managing the pressure throughout that year.

The highest you can do is control how much you wager, and what games to wager on...

Topic: Do you think you could turn $1k bankroll to $10k in a year? - page 11. (Read 2260 times)