Has anyone here started with a decent bankroll in sports?

Oilacris

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?

When i have started on doing sports betting or on the time that i do consider out on taking some this type of gambling which i did moved from casino or simply with crash and slot games.
Then i did really have that kind of anticipation that this kind of betting would really be requiring that kind of knowledge on which this is something that wouldnt really be that so short nor really be that
easy. This is why it would really be best that you should be starting up small on which trying out to familiarize on the things you've been doing. Having a big bankroll wont really be guaranteeing out that kind of success that you are anticipating or expecting. It would always boils down on how you would really be able to make out those bets basing up into your analysis.
If you dont have this then no matter how big your bankroll is, then you would be finding yourself on getting bust or blown out in a short time.

Japinat

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Quote from: justdimin on December 13, 2023, 08:11:41 AM

the house always has the advantage. Betting small is good,

Betting small is beneficial as it helps prevent potential financial strain. However, in sports betting, it's crucial to understand that you're not wagering against a house; instead, you're betting with the odds set by providers. It's essentially a matter of choosing a side, and given that there are other bettors who may choose differently, the outcome determines the winner in the end.

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Quote from: Gozie51 on December 11, 2023, 12:52:12 AM

Quote from: letteredhub on December 10, 2023, 06:58:29 PM

So if I have a $100 bankroll today it might not be in that amount next time could be high or lower. And I tend to stake higher in sport betting when I am well convinced of my data analysis gathered about the team am betting in favour of. Simply put, I don't misappropriate my bankroll so when I lose I don't lose badly like I do with winning.

However if you are staking higher than necessary when you think you have had a good analysis and timing, that could also disappoint you because gambling isn't so sure to favour the gambler but the house most times. Despite my bankroll or the best of analysis that I have done to win, I would still do a reasonable gambling not to over stake and get restive. If you over stake you increase worries which is not good for the health. There is no amount of convince that can guarantee 100% winning chance.

I think that a good analysis and timing is not always there. This is why there are bettors who make the most out of it by increasing their stake amount. Don't worry about them because maybe they are stronger than you to handle their emotions whenever they are losing huge. We know our capacity, so we should stick on what we are comfortable with.

We shouldn't copy those who bet big and win big but those guys can always copy us small bettors because like you said, the house always has the advantage. Betting small is good, as it helps us prevent the side effects of gambling from happening. If there is a 100% winning chance, there might be a match-fixing that will happen. But indeed that it's hard for us to be convinced, as there are lots of scams about it.

letteredhub

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Quote from: Gozie51 on December 11, 2023, 12:52:12 AM

Quote from: letteredhub on December 10, 2023, 06:58:29 PM

So if I have a $100 bankroll today it might not be in that amount next time could be high or lower. And I tend to stake higher in sport betting when I am well convinced of my data analysis gathered about the team am betting in favour of. Simply put, I don't misappropriate my bankroll so when I lose I don't lose badly like I do with winning.

However if you are staking higher than necessary when you think you have had a good analysis and timing, that could also disappoint you because gambling isn't so sure to favour the gambler but the house most times. Despite my bankroll or the best of analysis that I have done to win, I would still do a reasonable gambling not to over stake and get restive. If you over stake you increase worries which is not good for the health. There is no amount of convince that can guarantee 100% winning chance.

@Gozie51 I guess you misunderstood me entirely, I didn't mean that I trust the game to play 100% that's why I increase my stake. Am only stating that when my data analysis gathered convinced me enough that my prediction has a high possibility of playing as predicted I tend to place a high stake on the bet, and by high stake it doesn't mean it's an amount of money that I am uncomfortable to lose. I do make sure to gamble responsibly and I also understands that there's no 100% guaranteed bet but still there are predictions that you make based on ground works you will have some confident in the game chances of playing. That's what I meant mate.

freedomgo

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Quote from: maydna on December 11, 2023, 06:54:44 AM

I actually don't know how much the profit or loss is calculated.

You can't be into business if you don't know how to calculate that, let me teach you how.

In usual business it's income less expenses = profit.
In sports gambling, it's amount wins less amount loss = profit, if you have bigger losses than your profit, that's net loss

Quote from: maydna on December 11, 2023, 06:54:44 AM

I only bet very small amounts, and if I see a profit, I will cash out without waiting for the match to finish. But if I don't see how the bet is going, I will leave it until it is finished, and it can give two possibilities, win or lose, and I am okay with that because I bet to have fun in gambling.

I think the right term for that is winning, because the term profit is usually use if the business is serious.

maydna

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I haven't made big profits like you. The scenario you used is too big for me, and I don't want to risk using that much money to bet on sports betting. I don't use as much money as you or other gamblers because I don't want to experience big losses. That's the only way I can eliminate the possibility of experiencing big losses and still be able to enjoy betting on sports betting or casino games.

I actually don't know how much the profit or loss is calculated. I only bet very small amounts, and if I see a profit, I will cash out without waiting for the match to finish. But if I don't see how the bet is going, I will leave it until it is finished, and it can give two possibilities, win or lose, and I am okay with that because I bet to have fun in gambling.

Finestream

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Quote from: Gozie51 on December 11, 2023, 12:52:12 AM

Quote from: letteredhub on December 10, 2023, 06:58:29 PM

So if I have a $100 bankroll today it might not be in that amount next time could be high or lower. And I tend to stake higher in sport betting when I am well convinced of my data analysis gathered about the team am betting in favour of. Simply put, I don't misappropriate my bankroll so when I lose I don't lose badly like I do with winning.

However if you are staking higher than necessary when you think you have had a good analysis and timing, that could also disappoint you because gambling isn't so sure to favour the gambler but the house most times. Despite my bankroll or the best of analysis that I have done to win, I would still do a reasonable gambling not to over stake and get restive. If you over stake you increase worries which is not good for the health. There is no amount of convince that can guarantee 100% winning chance.

That's why it's important to manage your bankroll effectively, don't think that you are too sure of this one bet and you like to go big, just gamble within your range and you'll be fine. If you range is like $10 to $50, you shouldn't go beyond $50 as that is your max, I'm talking about per bet here, so that means your bankroll should be higher than that if you are using a conservative method approach.

Gozie51

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Quote from: letteredhub on December 10, 2023, 06:58:29 PM

So if I have a $100 bankroll today it might not be in that amount next time could be high or lower. And I tend to stake higher in sport betting when I am well convinced of my data analysis gathered about the team am betting in favour of. Simply put, I don't misappropriate my bankroll so when I lose I don't lose badly like I do with winning.

However if you are staking higher than necessary when you think you have had a good analysis and timing, that could also disappoint you because gambling isn't so sure to favour the gambler but the house most times. Despite my bankroll or the best of analysis that I have done to win, I would still do a reasonable gambling not to over stake and get restive. If you over stake you increase worries which is not good for the health. There is no amount of convince that can guarantee 100% winning chance.

noormcs5

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Quote from: len01 on December 10, 2023, 11:53:46 PM

TBH, I never calculated the percentage of my profit or loss while betting on sports betting, but I had the same experience as @dothebeats, but I forgot a little about my budget, but as far as I remember, at that time I had a budget of around $100 betting on TI 2022 and at that time I only choose single bets and can get consistent wins with profits of around $450 or more.
like it is very impossible to get consistent wins like I have experienced but this is real and I never calculated what percentage of my overall profit was because I initially bet because I liked that type of betting and getting a winning streak made me bet more often on sports betting.

I could go back to the history of my betting results in 2022 to calculate the percentage but it would be a waste of time.

If your budget was 100$ for betting, did you place bets using full 100$ ? If this was the case than you must be very lucky to made profits from it as you could have easily lost that bet and hence lose all of your gambling portfolio.

Also there is no need to go back in history and see the betting results. You lose or you win and you cannot change the history, so rightly said, why waste time ?

len01

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TBH, I never calculated the percentage of my profit or loss while betting on sports betting, but I had the same experience as @dothebeats, but I forgot a little about my budget, but as far as I remember, at that time I had a budget of around $100 betting on TI 2022 and at that time I only choose single bets and can get consistent wins with profits of around $450 or more.
like it is very impossible to get consistent wins like I have experienced but this is real and I never calculated what percentage of my overall profit was because I initially bet because I liked that type of betting and getting a winning streak made me bet more often on sports betting.

I could go back to the history of my betting results in 2022 to calculate the percentage but it would be a waste of time.

Questat

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

I would not know because I'm not really keeping a record on my sports gambling journey.

Most of us probably are not doing it, we just have fun when gambling, and refill or withdraw, that's the normal scenario in gambling.
You'll only keep the record if you are into serious mode..I mean long term more also Grin

Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?

The power of compounding, $2000 is a decent bankroll already, I woulnd't say it's huge because if you have a job or business, you'll be able to set up that bankroll intende for long term journey. As they say, you need to have a win reate of 53% to be profitable, for sure 60% makes you more profitable with the right bankroll management.

Ziskinberg

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Quote from: wheelz1200 on December 10, 2023, 04:16:35 PM

This kind of a pointless question no? Every gambler has started with a small stack, large stack, etc but it's all relative. For a millionaire to start with a $2k bankroll winning and losing it is way different than someone that only has $2k to theor names. I'm sure some people are up and some are down. What is the point of your question?

It's pointless if you don't get the question right. When I say $2000 bankroll, that doesn't mean I would gamble all of that in one day, but it's on a series of bets. Like for NBA for example which I'm aware you are active in the thread, I could use that $2000 for the entire season betting only 2% or $40 dollars per stake, I think that would last longer or I might end up being profitable if I have more wins than losses until the NBA season is over.

The problem here is not our ability to pick winning bets but on our lack of discipline in managing our bankroll, and in order for us to be serious with our sports betting journey, we have to put up a decent bankroll which we can consider as a serious investment, rather than using it for the purpose of having fun.

Quote from: ralle14 on December 10, 2023, 08:57:09 PM

Like most gamblers, i'm not in the overall profit because it's easier to lose control and bust your bankroll.

Parlay for instance, I think this is something we should avoid since I read somewere that 2 legged parlay gives only 28% of winning chance, no wonder bookies loves us to do parlay.

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?

Like most gamblers, i'm not in the overall profit because it's easier to lose control and bust your bankroll.

Depending on the matches and league, the profit could vary between barely making a profit to tripling your bankroll per season. I say this because not all leagues have the same amount of matches played and sometimes it could swing both ways because of the unpredictability that happens from week to week. The win rate IMO doesn't always tell the whole situation because a bettor can reach the same win rate by betting on favorites with lower odds.

letteredhub

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What you would be considering as a decent bankroll might not that decent a bankroll to me matching my income inflow to yours. What I do as a principle is to not make my bankroll static it has to go in line with what I make as profit for the month from my business. So if I have a $100 bankroll today it might not be in that amount next time could be high or lower. And I tend to stake higher in sport betting when I am well convinced of my data analysis gathered about the team am betting in favour of. Simply put, I don't misappropriate my bankroll so when I lose I don't lose badly like I do with winning.

Davidvictorson

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

To have a decent bankroll, the first is to lower personal expenses. When I do this, it allows for savings and increases my ability to take shots in higher-stakes games. For wagering, I try to follow the traditional conversative way of using 1/100th of the bankroll. I also focus on single-game bets without parlays or teasers to minimize risk.
Lastly, before it ever occurs to me to raise my unit size, I let it stay for about 30 days of seeing good profit. And it doesn't matter how big I win. I do not increase the unit size unless I am in profit consistently.

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?

Yes, right now, yes, I can say I have a decent amount coming from sports betting, but to be honest, in my first month of doing sports betting, I got too addicted to the point that I didn't limit myself anymore, and it cost me, but now I've learned from that mistake, and yeah, even if I'm still placing a bet in sports, I still have quite some profit. Why? Simply put, I have a percentage of the amount coming from my salary, and that percentage is allocated for my gambling habits. I only base my profit from there, with the help of tracking every bet or play I make in gambling to track down my expenses and see if I'm earning or not from my capital. It's better to have only a portion of your salary dedicated to gambling if you really can't contain yourself from playing it. That way, your losses are limited.

komisariatku

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I never calculate my winning percentage. I only rely on feelings when gambling. When I lose too much, I sometimes stop or withdraw the remaining balance. Apart from that, I also gamble based on my mood, sometimes playing slots, sometimes original casino games, and sometimes sports betting. I never dedicate my money to one sports league

Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

$2000 is a huge balance, I never deposit more than $50. Usually when I want to play sports betting, I will divide my deposit into 2 or 3 sports bets. Win or lose Usually I will withdraw my balance or move to another game. I only bet on certain teams and only bet if my analysis is good, I usually win

sunsilk

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?

Is that scenario an actual one that you're dealing with now OP? Because if so, that's actually a decent amount already that you've gained from that bankroll of yours.

And being with that winning rate is already a good number because it's even more than the half of the percentage and typically sportsbettors don't get into that percent.

Doing the Math is easy about the net profit but that chance and success rate of your wins is no contest, hands up - good.

wheelz1200

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This kind of a pointless question no? Every gambler has started with a small stack, large stack, etc but it's all relative. For a millionaire to start with a $2k bankroll winning and losing it is way different than someone that only has $2k to theor names. I'm sure some people are up and some are down. What is the point of your question?

Saint-loup

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Quote from: Ziskinberg on December 10, 2023, 08:04:18 AM

I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?

To be honest I had a flash winning streak of several hundreds per cent when I started to bet again on a new sportsbook few months ago but now I don't make more profits and I struggle to avoid to lose my profits. So I don't know if I was just lucky or if the sportsbook just rises its margin and lowers its odds now but I'm a little bit disappointed because I was thinking to have found a safe and juicy sportsbook. If it was just luck I should lose my winnings in the coming months, and it will get even harder for me, if it was just a kind of boost of the odds from the bookmaker, I should keep my bankroll safe but it will be difficult to make profits now.

Topic: Has anyone here started with a decent bankroll in sports? (Read 221 times)