How Many Bets to Know How Good Enough You Are?

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Promocodeudo on December 29, 2023, 11:23:04 AM

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

I don't think that there are number of bets that you will play that will make you a good bettor, the truths is that no matter how good you that you have known bet, you are still going to lose, there is no good bettor to me, I just feel that bet is strictly luck, you can continue to win may be when you play up to six different slip and manage to win two that doesn't still make you a good bettor, that's just luck that's is in play, op, waiting to see the percentage of how good you are in bet, will amount to high level of deceit because there is know perfect bettor I repeat.

Exactly, if you are playing in a game that relies on luck, no matter how knowledgeable you are, the skills and techniques, like for example having a bad card, then there's a slim chance of winning unless you are playing with people with no experience in gambling. That's actually a good example of trying to outsmart the system by having six different slips which can increase the probability of winning, but the fact that you need six would be pricey and in the end, despite of winning you would have still a loss. Even in 1/100 chances of winning, if you are lucky enough for your bet to win, your percentage could still go up, in short, it is unnecessary to determine if you are good enough in gambling. Analysis like for sports betting could be good but you couldn't tell if one person could change up the pace and luck sided on their side.

Promocodeudo

full member

Activity: 392

Merit: 185

Play Bitcoin PVP Prediction Game

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

I don't think that there are number of bets that you will play that will make you a good bettor, the truths is that no matter how good you that you have known bet, you are still going to lose, there is no good bettor to me, I just feel that bet is strictly luck, you can continue to win may be when you play up to six different slip and manage to win two that doesn't still make you a good bettor, that's just luck that's is in play, op, waiting to see the percentage of how good you are in bet, will amount to high level of deceit because there is know perfect bettor I repeat.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: Blitzboy on December 03, 2023, 10:27:57 AM

Quote from: Fortify on December 03, 2023, 06:18:57 AM

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

The number of bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data.

You're right - each sports bet has distinct risk. Isnt it true that control illusions blind bettors? They think "I've won five times in a row, so I must be good," but isnt this a gambler's fallacy? Does a streak of wins indicate skill or luck? Sports betting is about the bettor's thinking as much as the bets. Does tracking returns and strategizing imply a stronger understanding of the game, teams, and possibly the betting market? However, how does one distinguish a well-planned approach from luck? Does believing past triumphs guarantee future success not qualify as a pseudo-problem? Fun gambling is exciting because of uncertainty. Remember: its the wisdom behind the bets, not the number. Sports betting, like any gamble, requires information, strategy, and realism.

If you have a large enough sample and you calculate the mean then using your results you can calculate how far away from it you are, if you are close to the mean then your results will resemble what you could expect an average gambler to get, however if your results are very far away from the mean then you know that something is happening.

So this could be a way to determine if you are a good gambler or not, now it is true there is no way to be 100% certain about that fact, as your positive outcomes could still be the result of some out of the ordinary luck, still the larger the difference between your results and the mean the lower the chances this is true.

Blitzboy

hero member

Activity: 1218

Merit: 556

Leading Crypto Sports Betting & Casino Platform

Quote from: Fortify on December 03, 2023, 06:18:57 AM

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

The number of bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data.

You're right - each sports bet has distinct risk. Isnt it true that control illusions blind bettors? They think "I've won five times in a row, so I must be good," but isnt this a gambler's fallacy? Does a streak of wins indicate skill or luck? Sports betting is about the bettor's thinking as much as the bets. Does tracking returns and strategizing imply a stronger understanding of the game, teams, and possibly the betting market? However, how does one distinguish a well-planned approach from luck? Does believing past triumphs guarantee future success not qualify as a pseudo-problem? Fun gambling is exciting because of uncertainty. Remember: its the wisdom behind the bets, not the number. Sports betting, like any gamble, requires information, strategy, and realism.

Lannakosa

sr. member

Activity: 504

Merit: 433

Quote from: Jawhead999 on December 03, 2023, 10:03:02 AM

Not about total bets or winning percentages, but look about how many percentage you earn from your initial bankroll.

So if you start from $1K then after two weeks your funds become $2K, it means you've make 100% of profit. If you start from $2K then after three weeks later your funds become $1K it means you've lose 50%. Calculate the percentage base on winning amount, then see if you're make profit or lose.

Everyone understands how to calculate profit, but in my opinion this is not what the OP asked, the question is how long will it take a player to understand how good he is at gambling.

A few weeks is too short a period of time to understand how successful a player you are, it takes much more time to understand how successful you are at a distance. I doubt that it is possible to double the deposit in two weeks, but if the risk management is incorrect, it is quite possible to lose half.

Jawhead999

legendary

Activity: 1638

Merit: 1156

Not about total bets or winning percentages, but look about how many percentage you earn from your initial bankroll.

So if you start from $1K then after two weeks your funds become $2K, it means you've make 100% of profit. If you start from $2K then after three weeks later your funds become $1K it means you've lose 50%. Calculate the percentage base on winning amount, then see if you're make profit or lose.

Hirose UK

hero member

Activity: 1260

Merit: 503

Leading Crypto Sports Betting & Casino Platform

Quote from: Ever-young on December 03, 2023, 04:11:46 AM

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

Do we even have anything like being good enough or betting pros? If there is I really don't know but what I can say is that, your betting history is enough for you consider whether to level up your stakes or to stick to your current staking Power. Ain't no one gon tell you it's time to level up mate. That's your decision to make. If you feel your betting pattern has been productive after evaluating your previous bets, then leveling up shouldn't be a problem. But always remember risk management cos gambling has it's way of f**king with people.

Of course we have one reason or one basic foundation to be good enough or professional and the only thing is experience, no matter how many bets have been reached if someone has not been able to learn and also step up better than previous experience then they cannot be said to be professional .
A professional gambler always learns with experience and they consider experience to be the best teacher to create great hopes for success.
Until now, unfortunately, there are still not many gamblers who understand this and until now there are still many gamblers who don't want to learn from every experience they get.
And just keep going like people who don't have direction where they bet just to bet because they have money and want to make money.

And there is truth in what you said about increasing the betting level for every gambler it cannot be known or regulated by other people because only we ourselves know how good our abilities are.
Just relying on other people words also cannot provide maximum results because whatever we decide or what we do, only we ourselves feel it or get the benefits.

EarnOnVictor

hero member

Activity: 644

Merit: 592

Leading Crypto Sports Betting & Casino Platform

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are?

Everyone may have their own definitions of qualifying how good they are in gambling, but mine has always been to have 6 months of consistent winning through it and also have a stable gambling account.

By this, you truly know that it's not only a matter of luck but your smartness, wisdom and effort are commendable. Gambling is not easy, and most times, some people would prove they are the best gamblers simply because they won consistently for a very short period. But that is not supposed to be so. Gambling winnings must be consistent for a longer period for anyone to be certain of their status on it. This shouldn't be left to just gambling strategy alone as for the betting style, but also for how the person manages his portfolio in gambling. Many are good predictors and bettors but are very poor in their portfolio management. Even as good as they are, they could still fail due to this imbalanced combination.

Fortify

legendary

Activity: 2646

Merit: 1176

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

The number of bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data.

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Ever-young on December 03, 2023, 04:11:46 AM

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

Do we even have anything like being good enough or betting pros? If there is I really don't know but what I can say is that, your betting history is enough for you consider whether to level up your stakes or to stick to your current staking Power. Ain't no one gon tell you it's time to level up mate. That's your decision to make. If you feel your betting pattern has been productive after evaluating your previous bets, then leveling up shouldn't be a problem. But always remember risk management cos gambling has it's way of f**king with people.

Risk management will always be needed to manage bets so that we can reduce the impact of large losses that might occur. We don't need to chase how much we have to bet so that we can be satisfied because we must always remember that the more we bet, the more greed can increase because when our emotions increase, it will affect our psychology. If things escalate, we can lose control of ourselves and we will never feel satisfied even though we have bet more than the previous day. As long as we are satisfied with the bets we have placed, we must immediately leave the casino. Otherwise, we will only be drawn deeper into gambling. And when that happens, we can forget about stopping gambling and maybe we will use more money to be able to bet more and to chase wins. It will definitely not be good for us because we only get the risk of losing it will increase.

Ever-young

full member

Activity: 1176

Merit: 165

★Bitvest.io★ Play Plinko or Invest!

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

Do we even have anything like being good enough or betting pros? If there is I really don't know but what I can say is that, your betting history is enough for you consider whether to level up your stakes or to stick to your current staking Power. Ain't no one gon tell you it's time to level up mate. That's your decision to make. If you feel your betting pattern has been productive after evaluating your previous bets, then leveling up shouldn't be a problem. But always remember risk management cos gambling has it's way of f**king with people.

noormcs5

hero member

Activity: 2632

Merit: 613

Leading Crypto Sports Betting & Casino Platform

Quote from: wxa7115 on December 02, 2023, 08:47:20 PM

Quote from: noormcs5 on December 01, 2023, 01:03:40 PM

Betting for the whole year and getting a 60-70% win rate is good enough but still, it needs to be further drilled down as to how much odds you took on each bet to get this percentage.

For Example, I can bet on odds like 1.01 to 1.05 and my winning percentage may be above 95% in the year but that does not mean that I am a good gambler or I made a lot of money.
Lowering the odds means less profit on winning but a low risk of losing.

That is definitely good point, we need to know the overall odds at which the OP took those bets so we can know if they are actually performing way above the average of what it could be expected from someone making those bets, or if those results were gotten simply because they have been taking some bets with a high probability of coming their way and this is skewing the results on their favor.

Still this is not easy to do as this will require an advanced knowledge of probabilities, which is not an easy field to master as some of the answers and procedures you need to follow can be counterintuitive.

The real way to know how much good you were in the bets is to see and calculate how much money you earned from betting and how much you lost. The difference will tell you exactly if you are good at betting or not.

If you only compare the bets won or loss, then as I told this number can be in your favor but you might be in a loss when it comes to the money invested in each bet. Like you may won 10 bets with 1.05 and lost 3 bets with odds of 1.8, so must be an overall loss. This is why it is important to calculate in terms of money and not in terms of number of bets won.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: noormcs5 on December 01, 2023, 01:03:40 PM

Betting for the whole year and getting a 60-70% win rate is good enough but still, it needs to be further drilled down as to how much odds you took on each bet to get this percentage.

For Example, I can bet on odds like 1.01 to 1.05 and my winning percentage may be above 95% in the year but that does not mean that I am a good gambler or I made a lot of money.
Lowering the odds means less profit on winning but a low risk of losing.

That is definitely good point, we need to know the overall odds at which the OP took those bets so we can know if they are actually performing way above the average of what it could be expected from someone making those bets, or if those results were gotten simply because they have been taking some bets with a high probability of coming their way and this is skewing the results on their favor.

Still this is not easy to do as this will require an advanced knowledge of probabilities, which is not an easy field to master as some of the answers and procedures you need to follow can be counterintuitive.

maydna

hero member

Activity: 2912

Merit: 556

Quote from: Oilacris on December 01, 2023, 07:50:58 PM

Quote from: maydna on December 01, 2023, 05:55:35 PM

~snip~

On the time that you are on adrenaline rush then those initial plans and limits would really be totally forgotten and this is some very casual thing to happen. Speaking about how many bets on trying to make yourself to find out whether you are profitable or not then only a few could really be able to follow up such situation on which majority will really be that forgetting those things in the end.
For me then i dont care about on how many games i would be playing as much i do able to enjoy on what im doing then this is something that i do really prefer.
There's no way that you could be able to see in 10 games but for 100 games then this is where you would be able to determine.

Determining how many bets we can afford will depend on each person because each person will definitely have different capital, so the amount of bets we use will be different. What we have to pay attention to is that when we have been gambling for a while, we have to end it immediately before everything changes and makes us lose our money. Many gamblers have gambled for too long and lost a lot of money, but they don't realize that it was a mistake. And because they feel they still enjoy the gambling game, they continue gambling, but like before, they lose more money. We don't need to experience something like that because we already know that when gambling, we need to control ourselves and limit our money. Otherwise, we will only experience more losses, and it will not be easy to recover from these losses.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: maydna on December 01, 2023, 05:55:35 PM

Quote from: boty on December 01, 2023, 10:49:04 AM

Quote from: maydna on November 30, 2023, 11:10:08 AM

~snip~

This really depends on us to be able to control ourselves in gambling, if we can control our emotions in gambling of course we will be able to stop when we have lost several times, but it is very difficult for us to stop gambling if we cannot control our emotions, after getting many losses while we still have funds to gamble, we will not stop because we will continue to chase wins that we will not get until all the funds we have are used up.

However, most gamblers lose control when they are in the casino and play gambling games several times. They start to feel happy playing it, especially since they have managed to win some, even though it's only a small amount. Many gamblers are trapped in situations like that, so they miss the opportunity to stop when they could win. They want to win even more, so they forget to limit their gambling games, especially when they see they still have money in their gambling account balance.

On the time that you are on adrenaline rush then those initial plans and limits would really be totally forgotten and this is some very casual thing to happen. Speaking about how many bets on trying to make yourself to find out whether you are profitable or not then only a few could really be able to follow up such situation on which majority will really be that forgetting those things in the end.
For me then i dont care about on how many games i would be playing as much i do able to enjoy on what im doing then this is something that i do really prefer.
There's no way that you could be able to see in 10 games but for 100 games then this is where you would be able to determine.

maydna

hero member

Activity: 2912

Merit: 556

Quote from: boty on December 01, 2023, 10:49:04 AM

Quote from: maydna on November 30, 2023, 11:10:08 AM

~snip~

This really depends on us to be able to control ourselves in gambling, if we can control our emotions in gambling of course we will be able to stop when we have lost several times, but it is very difficult for us to stop gambling if we cannot control our emotions, after getting many losses while we still have funds to gamble, we will not stop because we will continue to chase wins that we will not get until all the funds we have are used up.

However, most gamblers lose control when they are in the casino and play gambling games several times. They start to feel happy playing it, especially since they have managed to win some, even though it's only a small amount. Many gamblers are trapped in situations like that, so they miss the opportunity to stop when they could win. They want to win even more, so they forget to limit their gambling games, especially when they see they still have money in their gambling account balance.

noormcs5

hero member

Activity: 2632

Merit: 613

Leading Crypto Sports Betting & Casino Platform

Quote from: Hispo on December 01, 2023, 12:55:17 PM

Quote from: 0t3p0t on December 01, 2023, 11:03:48 AM

Well for me, since we are talking about how good we are when it comes to betting I think the higher the percentage of winning makes it acceptable to be called "good enough". 60% is for me quiet good but we all know that it's not that easy to achieve in just a short period of time. Though this depends on what kind of gambling we are in.

What about the number of bets, because only by talking about the percentage of return is not enough for anyone to know they are a good gambler/bettor or not. For example, I could bet twice in the same day and get up to 70%. Would that mean I am good? I don't think so.
I would even only bet once and that a good percentage, but that does not tell anything about how proefficient I am when comes to evaluating matches and trying to guess outcomes.
On the other hand, if I betted for a whole year and got 60% or 70% of profit by the end of the same year, that would be pretty good, even better than most of the stock market can get. That is when one can say one has become a professional bettor.

Though, I seriously doubt there are many professional ones in the world, just a hunch. Tongue

Betting for the whole year and getting a 60-70% win rate is good enough but still, it needs to be further drilled down as to how much odds you took on each bet to get this percentage.

For Example, I can bet on odds like 1.01 to 1.05 and my winning percentage may be above 95% in the year but that does not mean that I am a good gambler or I made a lot of money.
Lowering the odds means less profit on winning but a low risk of losing.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: 0t3p0t on December 01, 2023, 11:03:48 AM

Well for me, since we are talking about how good we are when it comes to betting I think the higher the percentage of winning makes it acceptable to be called "good enough". 60% is for me quiet good but we all know that it's not that easy to achieve in just a short period of time. Though this depends on what kind of gambling we are in.

What about the number of bets, because only by talking about the percentage of return is not enough for anyone to know they are a good gambler/bettor or not. For example, I could bet twice in the same day and get up to 70%. Would that mean I am good? I don't think so.
I would even only bet once and that a good percentage, but that does not tell anything about how proefficient I am when comes to evaluating matches and trying to guess outcomes.
On the other hand, if I betted for a whole year and got 60% or 70% of profit by the end of the same year, that would be pretty good, even better than most of the stock market can get. That is when one can say one has become a professional bettor.

Though, I seriously doubt there are many professional ones in the world, just a hunch. Tongue

lizarder

hero member

Activity: 1554

Merit: 877

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

To see all this really depends on what gambling you are playing because usually we can increase or double the bet if we find a table with players who are not very professional at poker. But it is also not certain that we can win all the rounds because there are times when we experience bad times even though we are facing players who are much more beginners in the poker game. I think there is always no certainty in gambling and we can never predict the final result even if we get a winning streak at the start of the gambling we do.

The most important thing is that we have to have control because if we have won several times we should leave the game. It's more about maintaining the flow of funds in the account because when we persist for a longer period of time it is feared that we will lose all the bets and that's where we learn how to gamble responsibly.

yudi09

hero member

Activity: 1134

Merit: 741

Rollbit - Crypto Futures

Quote from: alastantiger on November 26, 2023, 03:44:53 PM

As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

I rarely measure it to find out how good I am in playing gambling. In a sportsbook betting type of football that prioritizes expertise, I only rely on analysis before deciding to bet on several matches. Not infrequently I get a victory.
The slot game that prioritizes luck is also not uncommon for me to win. I once took a measurement to find out my picture, if I am not wrong between 1 to 3 but I don't often do it because betting just for fun.
Unlucky until 3 times in the type of slot game and the balance is up, I leave from there and come back when the mood is good for playing.
If you bet football, you never miss a bet.

Topic: How Many Bets to Know How Good Enough You Are? (Read 608 times)