My $50,000 betting goal by 2024. Share Your Thoughts With Me.

alastantiger

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Thank you famososMuertos and Don Pedro Dinero for calling my attention to this...see my response below. Thank you

Quote from: Don Pedro Dinero on October 29, 2023, 08:29:22 AM

There is one thing I do not understand.

Do you want to wager a total of $50,000 or do you want to win or build up a bankroll of $50,000 in the year 2024? These are two very different things.

I am sorry I didn't specify this in OP. Wagering $50,000 will be very reckless. What I want to do specifically is to build up a bankroll of $50,000 not at once but through my winnings. I'll assign a percentage of my winnings to building up my a bankroll.

Don Pedro Dinero

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Quote from: famososMuertos on November 10, 2023, 04:37:02 PM

OP: You can show up, attend to your initiated topics, then we have post #2 essential in the conversations to go for a post in sync with the idea to propose new ideas or go at the pace of the discussion, it does not appear, in fact nothing additional should be discussed Until OP arrives and writes his approach well, I have had to spend reading almost 5 pages... to perhaps get into the 99% line of discussion, writing about an assumption.

It just seems to me that this is another clear case of writing to complete the quota, in this case by starting a thread, and not out of any real interest in debating the issue, which is going to get him a neutral tag from me reflecting it.

The question I asked is on the first page, it's the first comment after the OP, and it's crucial to know what we're talking about.

wxa7115

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Quote from: Westinhome on November 10, 2023, 06:59:01 PM

Quote from: Litzki1990 on November 10, 2023, 07:29:22 AM

We are at the end of 2023, a few months later we will be at 2024 and you will bet 50 thousand dollars by 2024 if you take the target. This target seems huge to me but since you are confident in yourself I have nothing else to say except to wish you the best of luck. If you want to earn $50,000 in a year by betting, you have to bet very wisely and win most of your bets because the money you make by winning three matches will be gone if you lose one match. You've set your sights high. Hope 2024 holds good for you. You can achieve good things in 2024 if you bet according to plan.

To achieve the target of 5k dollars in betting by one year is not the big one,if had the potential to earn double of the 5k in next year.Then you cn do the gambling betting more then 5k by the free money from the income.In the last month,I had gamble for 1k dollars,So if you play like me it’s just the 5 months expenses to the gambling sites.The important factor was whether you had eared more money from the same gambling sites using the 5k dollars or you had loss some of the money in that 5k at the end was the important one.

The OP wants to earn 10 times that amount as they want to earn 50k during the next year, and if we are honest about it this is very difficult to achieve, since anyone could get lucky once in a while and win a bet or two, but in order to produce those profits not only you need the appropriate capital, you also need to beat the casino consistently.

And this is not easy at all to do, as if you were to make the experiment you will realize that the more bets you make the lesser the chances you can avoid being on the red.

Westinhome

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Quote from: Litzki1990 on November 10, 2023, 07:29:22 AM

We are at the end of 2023, a few months later we will be at 2024 and you will bet 50 thousand dollars by 2024 if you take the target. This target seems huge to me but since you are confident in yourself I have nothing else to say except to wish you the best of luck. If you want to earn $50,000 in a year by betting, you have to bet very wisely and win most of your bets because the money you make by winning three matches will be gone if you lose one match. You've set your sights high. Hope 2024 holds good for you. You can achieve good things in 2024 if you bet according to plan.

To achieve the target of 5k dollars in betting by one year is not the big one,if had the potential to earn double of the 5k in next year.Then you cn do the gambling betting more then 5k by the free money from the income.In the last month,I had gamble for 1k dollars,So if you play like me it’s just the 5 months expenses to the gambling sites.The important factor was whether you had eared more money from the same gambling sites using the 5k dollars or you had loss some of the money in that 5k at the end was the important one.

famososMuertos

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OP: You can show up, attend to your initiated topics, then we have post #2 essential in the conversations to go for a post in sync with the idea to propose new ideas or go at the pace of the discussion, it does not appear, in fact nothing additional should be discussed Until OP arrives and writes his approach well, I have had to spend reading almost 5 pages... to perhaps get into the 99% line of discussion, writing about an assumption.

The bankroll is such a complex issue that it does not depend solely on how well the wager is doing, and in practice the bankroll may be financed from various sources of income and the one that contributes the least in the short term is the return of that wager.

Anyway;
In your case we have 1 year and a wager of $50,000, then, look for the size of the bet in a proportion of 100:1 (recommendation) but if you want to melt it faster less than that is a good way, in short, my contribution to 99%, since only one so far has given the correct post, below.

Quote from: Don Pedro Dinero on October 29, 2023, 08:29:22 AM

There is one thing I do not understand.

Quote from: alastantiger on October 29, 2023, 08:09:16 AM

My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

<...>

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

Do you want to wager a total of $50,000 or do you want to win or build up a bankroll of $50,000 in the year 2024? These are two very different things.

Josefjix

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yes

Quote from: Sandra_hakeem on November 10, 2023, 02:32:46 PM

That's always the big problem atimes... He feels it's time to step up and try to Maximize his income by increasing his stakes, forgetting that alot of peeps have been wagering with low stakes and it doesn't even cut it.
How do you address that change in strategy due to increased stake?? Isn't that greed ? What's his sole interest if not that he longs to earn more?? (Assuming I didn't read the sub title/caption?)?

Facts about the space, we can never be satisfied with our earnings from the system, there works that needs to be done inother to suit into the system. Before aiming at higher earnings, this also comes with sacrifices, are you ready to make significant losses? The exact same way you can generate hugh figures. We have problems that need urgent solutions but due to our priorities, we leave them to come in pursuits of goals for reasons best known to us. Everyone have to do whatever it takes to succeed in life, I think that's were OP is trying hard to channel his energy.

Fiatless

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Quote from: 0t3p0t on November 10, 2023, 03:17:34 AM

I think OP is making gambling his full time source of income since he set that high target for the next year. $50,000 is huge here in my country you can buy house and lot, a car plus a business. Of course that is far from happening when it comes to me funding my gambling account just to chase that $50k target. I can't afford to lose more than a $100 to be honest. 😆

$50,000 is above what some top government officials earn annually in my country, so the sum is far above the minimum wage of most workers. It is not bad to have big goals but how you intend to achieve this goal is very important. How much are you budgeting for gambling for the year and what are the strategies you intend to use to achieve this feat?

Another factor to consider is that the result of gambling is unpredictable, so achieving a target is always difficult. We shouldn't see gambling as a full-time job just as my friend will always tell me that I shouldn't expect much from gaming. It will just be better to have a gambling budget but projected income shouldn't be included. This is because you can get below your expectations but in some cases, you might also win big.

Having an open mind to accept the outcomes of your gambling activities for the year will be better than having a betting goal.

livingfree

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Achieving $50,000 for 2024 will also vary to your bankroll. If you have a big bankroll to start with, it is going to be easier for you but if you will start small and that's what you're going to do for the entire year next year, good luck.

No matter what your goals are, there will be other people that will give you that negative thoughts that it won't be possible for you. But if you think that it's going to happen and you're going to make it happen as it is possible, then should you pursue with that.

I have never thought that I'll be having a goal like this but yes, I want to win sometime big but I just don't know when it's gonna be possible.

Sandra_hakeem

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Quote from: Oshosondy on October 29, 2023, 08:43:48 AM

What I see is that because you gamble responsibly this year, you make profit from gambling, but which you think is not enough and thinking you can make up to or more than $50000 next year. I will advise you not to think like that, this will only lead you to irresponsible gambling and losses may follow.

That's always the big problem atimes... He feels it's time to step up and try to Maximize his income by increasing his stakes, forgetting that alot of peeps have been wagering with low stakes and it doesn't even cut it.
How do you address that change in strategy due to increased stake?? Isn't that greed ? What's his sole interest if not that he longs to earn more?? (Assuming I didn't read the sub title/caption?)?

noormcs5

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Quote from: goldkingcoiner on November 10, 2023, 12:30:40 PM

Quote from: alastantiger on October 29, 2023, 08:09:16 AM

I consider this year in terms of betting to be over. I have had some pretty decent wins. However, one mistake I made was not starting this year with a betting goal, which would have been the specific amount of money I intended to win. Instead, I began the year with the goal of gambling responsibly, and I'd rate myself around 80% in achieving that.

I am sharing my sports betting goal for next year with the gambling community because I highly value your insights and seek advice for any adjustments. I hope to gain expert advice. My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

First, I will make every available promotion, bonus, arbitrage opportunity, injury information, and stale lines..

Second, I will take advantage of various accessible sportsbooks, which may include legal, offshore, or local options based on jurisdictional regulations.

Third, I will carefully build a bankroll that involves a selective approach to low-cost, high-potential profit angles to mitigate the risks associated with betting swings

Fourth, I will evaluate the expected value (EV) of each betting angle because achieving my $50,000 goal requires realistic assessments and potentially exploring new, uncharted angles.

Fifth, I will leverage my networks to maximize potential profits.

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

I will tell you the same thing that I tell everyone who thinks they can generate a stable income with betting: It never works. So do not excite yourself about something which only works in dreams.

If you are serious about making money then leave betting out of your plans, otherwise 1 bad bet is all it takes to set into motion an event of pure disaster.

How exactly are you going to leverage your networks to maximize potential profits aside from hoping to make a lot of money from bonuses? Because I am pretty sure that casinos are not that excited about inactive gamblers. Especially those who try to use the bonuses as a passive income...

It has been discuss many time on the forum that we cannot get a regular or a stable income from betting or from gambling but if people do not want to listen, then let them try their luck and they will see for themselves if they are able to maintain a regular income or achieve their goals through betting.

I will not discourage OP to go for the 50000 betting goal but still I will advice to be realistic with his target which can be achievable otherwise it will just put an extra pressure on the mind and the body and it will have an own bad effect on the health.

goldkingcoiner

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Quote from: alastantiger on October 29, 2023, 08:09:16 AM

I consider this year in terms of betting to be over. I have had some pretty decent wins. However, one mistake I made was not starting this year with a betting goal, which would have been the specific amount of money I intended to win. Instead, I began the year with the goal of gambling responsibly, and I'd rate myself around 80% in achieving that.

I am sharing my sports betting goal for next year with the gambling community because I highly value your insights and seek advice for any adjustments. I hope to gain expert advice. My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

First, I will make every available promotion, bonus, arbitrage opportunity, injury information, and stale lines..

Second, I will take advantage of various accessible sportsbooks, which may include legal, offshore, or local options based on jurisdictional regulations.

Third, I will carefully build a bankroll that involves a selective approach to low-cost, high-potential profit angles to mitigate the risks associated with betting swings

Fourth, I will evaluate the expected value (EV) of each betting angle because achieving my $50,000 goal requires realistic assessments and potentially exploring new, uncharted angles.

Fifth, I will leverage my networks to maximize potential profits.

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

I will tell you the same thing that I tell everyone who thinks they can generate a stable income with betting: It never works. So do not excite yourself about something which only works in dreams.

If you are serious about making money then leave betting out of your plans, otherwise 1 bad bet is all it takes to set into motion an event of pure disaster.

How exactly are you going to leverage your networks to maximize potential profits aside from hoping to make a lot of money from bonuses? Because I am pretty sure that casinos are not that excited about inactive gamblers. Especially those who try to use the bonuses as a passive income...

Lida93

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Quote from: alastantiger on October 29, 2023, 08:09:16 AM

I consider this year in terms of betting to be over. I have had some pretty decent wins. However, one mistake I made was not starting this year with a betting goal, which would have been the specific amount of money I intended to win. Instead, I began the year with the goal of gambling responsibly, and I'd rate myself around 80% in achieving that.

I am sharing my sports betting goal for next year with the gambling community because I highly value your insights and seek advice for any adjustments. I hope to gain expert advice. My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

I don't mean to ridicule your strategies you have set for yourself to use for next year but I'll like to point it out to you that not because you made an 80% success in your goal of gambling responsibly this year them you are going to achieve similar success with setting a goal of generating $0k in 2024.

Gambling responsibly and winning a specific targeted amount of cash are two distinctive things. The former is within our control and proficiency to decide upon while the latter is out of control we are not in control of our luck as we gamble that's what makes the difference.

If you hold on to this unrealistic goal for next year 2024 you find yourself gambling more than ever and what will follow is gambling addiction as a result of you struggling by all possible methods and techniques to achieve Orr go close to $50k win. It's not in our place to budget for a specific win we just have to let our luck shine

ethereumhunter

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Quote from: Litzki1990 on November 10, 2023, 07:29:22 AM

We are at the end of 2023, a few months later we will be at 2024 and you will bet 50 thousand dollars by 2024 if you take the target. This target seems huge to me but since you are confident in yourself I have nothing else to say except to wish you the best of luck. If you want to earn $50,000 in a year by betting, you have to bet very wisely and win most of your bets because the money you make by winning three matches will be gone if you lose one match. You've set your sights high. Hope 2024 holds good for you. You can achieve good things in 2024 if you bet according to plan.

That target amount is obviously too big for us, who are just small gamblers but not for him because he probably has more money in his savings so he decides to make the target that high. We can only pray that he can achieve his target well and experience only a few losses so that before the end of the year, he can achieve his target. But it's still a very high target and hopefully, he can be careful in his bets and not be too greedy to chase bigger wins if the situation doesn't allow it. It is better for those of us who are just small gamblers to continue gambling as usual by preventing big losses by always limiting the amount of money for gambling.

justdimin

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Quote from: 0t3p0t on November 10, 2023, 03:17:34 AM

I think OP is making gambling his full time source of income since he set that high target for the next year. $50,000 is huge here in my country you can buy house and lot, a car plus a business. Of course that is far from happening when it comes to me funding my gambling account just to chase that $50k target. I can't afford to lose more than a $100 to be honest. 😆

To make gambling as a source of income is already risky and not recommended but how much more if our target amounts are crazily high? The risks are going to be even greater then. OP wrote a lot of preparation that he will do in order to improve his betting experience, so maybe you are still right there that he is planning to make gambling full-time.

$50k is huge here in my country as well, as I'm only living on a 3rd world country but even if not or let say we live in a developed or well-developed country, the amount of $50k is still a decent amount already for one to have. May be luck is all that we need for us to achieve that high but I wouldn't take gambling seriously. We know our limits, so we should only stick on it whenever we play gambling.

Docnaster

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Quote from: 0t3p0t on November 10, 2023, 03:17:34 AM

I think OP is making gambling his full time source of income since he set that high target for the next year. $50,000 is huge here in my country you can buy house and lot, a car plus a business. Of course that is far from happening when it comes to me funding my gambling account just to chase that $50k target. I can't afford to lose more than a $100 to be honest. 😆

It's quite funny how someone will want to set a stipulated target to achieve in one year in gambling that's absolutely unpredictable. A lot of people forget that gambling is a game of luck that the result is mostly not determined by how experienced a gambler can be in other to win big.
$50,000 is too huge amount of money for someone to set it as a target. Now my question is what are his strategies in gambling that makes him think he can win such amount of money and what gives him the confidence to think that he can actually get his desired target? I think this target will make the gamblers become more addicted in gambling in his quest to achieve his target.

Litzki1990

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We are at the end of 2023, a few months later we will be at 2024 and you will bet 50 thousand dollars by 2024 if you take the target. This target seems huge to me but since you are confident in yourself I have nothing else to say except to wish you the best of luck. If you want to earn $50,000 in a year by betting, you have to bet very wisely and win most of your bets because the money you make by winning three matches will be gone if you lose one match. You've set your sights high. Hope 2024 holds good for you. You can achieve good things in 2024 if you bet according to plan.

madnessteat

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Quote from: 0t3p0t on November 10, 2023, 03:17:34 AM

I think OP is making gambling his full time source of income since he set that high target for the next year. $50,000 is huge here in my country you can buy house and lot, a car plus a business. Of course that is far from happening when it comes to me funding my gambling account just to chase that $50k target. I can't afford to lose more than a $100 to be honest. 😆

We all differ from each other and this applies not only to the views on gambling but also the level of financial status. Someone is enough to spend $100 in the casino to blame themselves for spending money that could be spent in a completely different way, and someone can afford to make the minimum bets of $100. Therefore, for some it is quite achievable goals. Personally, I do not set myself any goals in gambling, because I know that my desire is not enough to achieve goals in gambling. In my country, by the way, this money can also buy a lot of things and the average annual salary of many people is ten times less.

GxSTxV

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I hopef that you will share your betting here, Isn't it the plan ? To share with us your journey achieving your $50000 goal. I didn't see any of your bets or any other section talking about betting on sport games.
It's a great idea and also fun to challenge yourself in a long gambling journey, I was thinking to set a smaller goal with a medium startup balance. For instance let's say I want to achieve a $5000 goal with a main startup balance of $200. First thing I would do is chosing a legitimate casino that offers a good deposit bonus. Secondly, I would focus first on sports betting with good odds and not risking much until building a good balance. Later, If it's possible to find slots with promotion or bonus for wagering I will go for it.

I obviously know and understand the risk of gambling and accept losing the main balance. Many streamers shared their turning 1$ for example into 100$ or more, knowing that they failed several time to achieve it.
If the OP don't share any of his betting history or progress, I must say it's not that interesting.

Blitzboy

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First off, I like your clear and ambitious goal. $50,000 is hard to reach, but with the right strategy, its possible. You should take advantage of every promotion and arbitrage chance. This increases your odds and shows betting knowledge. Please be careful with sportsbooks, especially unregulated ones.

Building your bankroll selectively is another good option. That perfect spot between risk and reward is key. And anticipated value (EV) matters. Each bet's quality and return matter. Analytical thinking may pay off. Finally, network leverage can influence gameplay. A network can give you an edge in betting because information is king.

Your strategies are sound, but betting is unpredictable. The world is unpredictable, so even the finest plans might fail. Keep your aim in mind and practise responsible gambling. Balance is crucial to reaching your objective and enjoying the trip.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: alastantiger on October 29, 2023, 08:09:16 AM

First, I will make every available promotion, bonus, arbitrage opportunity, injury information, and stale lines..

Promotions on casinos are built to make the gamblers spend more. They are never done to put the casino at the disadvantage. Be wary of this before you jump into them.

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Second, I will take advantage of various accessible sportsbooks, which may include legal, offshore, or local options based on jurisdictional regulations.

I dont know about where you live, but local laws will apply and you need to keep yourself safe from such policing.

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Third, I will carefully build a bankroll that involves a selective approach to low-cost, high-potential profit angles to mitigate the risks associated with betting swings

How will you do this? High profit means high risk and the more the risk the more you are putting yourself at a loss for. Portfolios need to be balanced with low and high risk assets or in this case bets.

Quote

Fourth, I will evaluate the expected value (EV) of each betting angle because achieving my $50,000 goal requires realistic assessments and potentially exploring new, uncharted angles.

Good luck doing that, because I dont know how this possible.

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Fifth, I will leverage my networks to maximize potential profits.

Local betting groups?

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What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

I think the best way to make money from gambling is not gambling at all and only investing in casino's bankroll. The moment you start betting you start losing.

I hope you have a proper job backup to cover the losses in case things go south.

Topic: My $50,000 betting goal by 2024. Share Your Thoughts With Me. (Read 585 times)