Topic: How Many Bets to Know How Good Enough You Are? - page 4. (Read 608 times)

In betting there is nothing like being a good or bad bettor, what I understand sometimes is that when your look shines you win, most time people feel that they are conversant with a particular team but it plays out that those teams will lose also, gambling is just a game that we are not sure of, nobody is the best in it, when you win just know that it is your time, don't see yourself as a strategist, just know that you retry such step you took earlier and lose it all, if we like let's bet 100 slip if look is not on our side we won't win any of it, but that doesn't mean that our selections are bad.

Hitting 55-60% after 450-500 bets is a solid start. But we have to give it time. Pros usually say around 1000 bets is a good number for a reality check. It helps smooth out the lucky streaks and unlucky streaks so why not roll with it a bit longer, maybe till the 800-900 mark?  It can give you a more concrete picture of how you're doing. Im certain its not just about the percentages. We should be taking our time to assess and once you feel confident and consistent, that can be the green light to go all in.

It is reasonable to claim that we are good enough when we already consistently win more than we lose.
But to achieve that level is not really easy and I know that it takes several months or even years to prove that we are good at gambling.
Well, doing this is more than a gambling study of yourself. You need data, results, and the number of bets - it was not an easy task as per see. That is why nobody claims that they are good based on the winning bets but the claim is based on their experience and spending time in gambling.

This depends on what type of gambling game you are playing. If you are playing luck-based games, then most probably it'll vary on the scenario and on your luck. But if you are playing skill based and knowledge based games such as sportsbetting, the chances of you winning will depend on how much information you know and how well you play your cards. Game approach is very important. If you are already winning at 60% I guess that's pretty good winning rate already, especially if you are still new in the gambling industry. Although just be careful so you won't focus much on chasing winnings that you will neglect the possibility of losses. Take profit when you are already happy. Do not be greedy so much in making money.

A 60 percent win rate is good enough, in my opinion.
But you will have to be careful at computing the profits. Most of the time you will get 1.30x - 1.60x wins so 60 percent might not be enough. You need to win more to gain profits but if you are mostly doing it for the favorites then I think you will achieve that. No assurance but most of the time they win.
I am a risky type though, I always use spreads to get a higher win but a lot of times I do not win just because they are not covered. The team that I pick does win but because I don't like how low they offer for just winning the game I do take high spreads to make up for that. It's not recommended but in my case, it's more fulfilling to win in that manner. I guess it will also depend on what kind of a gambler you are.

It's hard to count your bets as being a gambler, you love to gamble so you need to be consistent betting on the sports you love to bet.

Yes, but the key here is not the short term success, it should be the long run as that will determine your future whether you are successful in sports betting or not. And as I was saying, the number of bets doesn't matter as you can choose to place at least one bet per day but you maintain a win rate of 60% or more, you are considered successful already.


Stick with the winning percentage of 60%, then you can go pro.

You can try reading this article below, this might help.
Sports Betting Math

Luck rules this game, and talent, while important, typically comes second. Strategy isn't simply about anticipating outcomes, right? It's more about managing uncertainty. A well-planned strategy keeps us in the game longer, making it brilliant. Working on bankroll management is like playing a game of endurance and resilience. This approach changes how we play the game from chasing wins to constructing a sustainable model. It's amazing how a plan may shift our gambling perspective

Money management in our strategy reflects our life decisions. Balancing risk and return, knowing when to push and when to back off. Sticking to a strategy is vital; it offers discipline to a chaotic situation. We can't control the outcome, but we can control our response. Strategy is like understanding the steps in a dance with chance. Aren't we learning to dance gracefully with uncertainty by matching our checkbook and strategy?

To know the winning percentage, means that we do need to have at least a report/a note for all bets we made. Unfortunately I'm not that type of gambler who take note for every bet I made in sports. The calculation can be something a bit complicated because the actual winning percentage will be less accurate if you count it based on the value of the money you get minus the money you spend or just based on how many bets you win minus how many you bets you make. We know there is odds for every bet we made so we should also calculate about this as well. So my question is, your 55-66% is based on what? Based on all factors (money, number of bets, odds) or just based on one of them?

You don't need this much to know how well you can gamble, firstly you should know that on every level gambling is over 90% luck dependent so there can be times you enjoy winning streak and the other times you be in losses that doesn't in any way make you any better or worse.

Basically get a strategy and stick to it, it may definitely not guarantee you wins neither will it mean losses aswell but it will definitely put you at a good probability to win, there are times the odds will go in favour of your strategy and then you turn out lucky enough to win , the very good advantage of having a strategy is that it helps you stay long because you get to manage your bankroll well enough to align with your strategy, because definitely money management will be included in your strategy.

You're bet in sport and get 55-60% win rates for 450 - 500 bets? I can get at least 90% win rates in sport by betting in heavy favorite team or player where the odds is lower than <@1.05

When it comes to sport, you also need to calculate the odds, not only your winning chance.

If you make sure you bet in [email protected] odds and only get 35% winning chances, it's better than bet in [email protected] odds with 70% winning chances.

The most harmless way of gambling is to risk what you can afford to lose, by enough time with your money, I mean don't go around using all you have in your balance, play countless rounds with money less than a dollar, do the math yourself, because the more chances you have with more rounds of games the possible you will win.

Been good at gambling is not about how many times you win, it's actually how many shots you throw at gambling using what you can afford to lose, if you are a pro at managing your bankroll you are a good gambler, this is pretty much everything you should focus on.

I am not good at winning in gambling but I am good at using my money to my own taste without feeling bad if I lose it all, because I stand on using small amount of money and using that money to buy many rounds of games, I have never wager too much money.

Dont risk more than you can afford to lose. Although this way of thinking seems sensible, it actually encourages people to keep doing something risky. Why? Because it disguises gaming as a harmless pastime, hiding the fact that it can become addicting. People often dont see the psychological trap: the thrill of a possible big win can make the reality of continuing losses less important. Realizing the deeper effects of compulsive gaming is more important than just feeling bad about the money you lost. Whatever the stakes are, it can go from being a fun hobby to an addiction. Although your plan may seem safe, it doesnt take into account how complicated people's minds are or how appealing gaming can be. Isnt it smarter to question the idea that gaming can make you happy, especially since the odds are typically against the player?

It will depend on how much money I deposit in my account. I usually use about $20-$30 to gamble. But I didn't spend that amount of money immediately on that day to reduce my deposits on other days.

Maybe I only bet as much as 100-200 bets and at most around 300 bets. But it depends on the amount of money I deposit. With the amount of money above that, I may bet up to 100-150 bets, assuming I use the minimum bet. This minimum bet is usually around $0.1. So if it were 100 bets, I would use about $10.

And from that bet amount, I still have money left over that I can use to bet another day. But sometimes, I can immediately spend $20 on bets in one day. And sometimes, I can break even.

When you turn professional, you view gambling as an investment. This means risking money with the hope of a positive outcome. It's a solo journey where you trust your skills and are willing to invest money in them. To succeed, you eliminate anything that could lead to gambling addiction or reduce your chances of success. Before deciding to go pro, you've likely encountered and learned how to handle these challenges, ensuring they don't hinder your goal of success.

Staying a pro in gambling implies that your primary source of income should come from gambling. Perhaps you have a side job or business to provide additional support, but a successful professional gambler should anticipate a substantial cash flow from gambling.

That is a good question I haven't really thought about. For the amateur gambler I would expect the number to be somewhere around 50-100, but if you want to become a professional sports bettor than the number should be way higher. 500 bets seems like a solid number after which you know your edge in betting. One more thing to consider should be the time frame as well, if you place 500 bets over several years it could be a misleading as the leagues are changing and your edge could disappear. I would recommend to also split down your betting history over month, so you can that you have a consistent edge to make money in the future. Also, for a professional gambler it would be important to constantly reevaluate your bets and keep checking how profitable you are. Any winning percentage above 50% is important and reaching 55 to 60% is huge. With such a big edge it's more than enough to make a lot of money from sports betting.

Honestly, I don't really understand the point you mean. however, assuming that you want to be a professional in betting, for me that is not the benchmark if you are interested in what you do. Just imagine, after making 450-500 bets, how much time will you spend. I mean, it is not effective as a reference or benchmark to find out how good you are at betting. In fact, we could discuss it more broadly, but you have to know that the fact is that not all bets will be won, even if you are a professional or a football pundit.

For example, in one week there are many matches presented by bookmakers for various leagues. Are you going to bet on various leagues, whatever the method, whether single betting or parlay. if so, I can assume 90% of you will experience defeat. although it doesn't always have to be specific, unless you are in lucky mode it could happen. It's just that moments like that rarely happen.
well, so it's like this. if you want to be a professional part, based on my point of view. You will only bet on matches that you really believe in and have a high probability after your research and analysis. Just look, usually many sports betting experts only focus on a few matches. You don't need to bet a lot to make a profit, if you can get a big win in just one match, that's more than enough.

However, the point is that you don't have to bet on one betting feature option. I mean you don't always have to bet 1×2, because there are many other options. You don't always bet on a team, you can decide according to the results of your research and analysis. Well, for me personally this is the point for our benchmark. even though in reality, predictions are just predictions and the final result is what determines. In short, you can try 3 matches of your choice from various leagues in one week. Or, 1 match is also allowed for single betting. if nothing is ideal, feel free to not bet. and this is what I do, in my sports betting. Ideally 3 bets are enough, with a variety of betting options such as 1×2, handicap, under/over and all kinds of things. try doing it, after that you can draw your own conclusions.

As a gambler, don't ever believe that you are good at anything related to gambling, you are nothing but something counting his hope on nothing but luck, the wrong thing you can do as a gambler is winning randomly in a game and you start to have this mind that you are a better gambler, you will end up fooling yourself and you believing that you are a better gambler can make you made the wrong choices.

1. You will start believing that your luck is not leaving your side anytime soon.

2. You will feel the need to increase the amount you are risking on gambling before.

3. If things are going your way you will start using large amount, something you can't afford to lose.

Then all of a sudden, you lose everything, and you get frustrated and sad, you lose your mind and if you are weak you will never go back to your old working strategy of bankroll management, you will continue to believe that this new strategy that just cost you your money is the way.

It all depends on the odds and volatility. If you play with low odds (up to 2), then I think a distance of 100-150 bets will very accurately show how good you are. If you play with large odds, say 100, then you will need a distance of at least 1000 bets since the volatility of the result is extremely high: if you guessed twice in the first 100 bets, it turns out that you are damn good, right? But this is just volatility, since over the next 300 bets your result may go negative or come to the average.

What exactly do you mean by go pro on betting? If that is to rely fully on the income from gambling without any other source of income, that is not a very good idea. Gambling is far to unpredictable to rely on regardless of how good you are, and it is an addictive activity, so you should try to do it with as little pressure as possible.

- Jay -

Bets on what? Sports betting or traditional casino games(roulette, slots, crash, etc.)?
You simply cannot prove "how good you are" at luck based games. Luck is luck. Sometimes you have it, sometimes you don't.
Sports betting is a different topic. What kind of bets are you talking about? Lot odds or higher odds(of maybe a mix between the two)?
Everyone could make 500 bets with high odds and get a 70%+ success rate. The real masters of sports betting could make bigger profits via bets on low odds. I assume that this is a combination of luck and knowing the teams(players) you bet on.
Betting performance can be dependent of your mental state. Sometimes you can have better luck and score better results and the other day, your performance and results could fall apart.