Topic: My $50,000 betting goal by 2024. Share Your Thoughts With Me. - page 2. (Read 500 times)

From this thread, I personally don't think that the OP will make gambling full-time source of income just because they set target of winning.
Every gambler has the freedom to have a desire or target that is used as enthusiasm to continue gambling wisely and professionally so that the target can be achieved safely and without anything bad happening.
Moreover, I believe that gamblers who have large targets are gamblers with adequate finances or can be said to be rich gamblers because it is impossible to get such big win with just a small bet unless he manages to win the lottery jackpot in exactly 6 numbers.

Previously there was thread that had the same point, namely a winning target and he managed to achieve this target in two or three wins so that can definitely get anything in gambling as long as have enough money to bet.

Personally, I would be the same as you, I would have difficulty achieving that target and would even feel quite reluctant even if it was only a loss of $100 for one bet.
It's just that until now I am still surprised and quite amazed at how rich people gamble.

       -   If I look at what the OP mate is saying, he is so confident in himself that he will achieve his planned amount next year. I also think that it is not a simple person who made this topic; maybe he has a business, because he said he would take advantage of all the bonuses, arbitrage opportunities, and so on.

That's because we know that the requirements that a casino demands before you can be included in that listing are high. An ordinary employee may not be able to avail of that, and if there is, the position is high, and the salary is also high, for sure.

You know that most casinos offer to display money in different FIAT currencies and you can opt to display that in IDR which would be 1.600.000 IDR nearly,so you can place lots of 10.000 IDR bets trying to follow OP in his dream although by following this way you will need much more bets and much more time to fulfill that 50.000 dollars which is a lot in your country.On another side you can see that you can be happy with a lot less since 50.000 is a lot you can be happy with 1/5 of that which would be 10.000 dollars,so always look at things from the bright side.

If this is the first time that you're going to do this I doubt any strategies or methods will do whether it is sports betting or luck-based games, it's been said thousands of times that gambling is not a way to make money, thousands of gamblers have proven that and you could be the next one to prove that, but if you did this many times in the past then it's possible, if you think that you can make money from gambling it should be gradual not a specific high amount, its hard to be a responsible gambler and set up a very high goal in profits in gambling because that won't do.
And I doubt the community here can give you a good strategy or agree to your strategies because gambling is a risky venture to make money.

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. 😆

Maybe for most of us, we shouldn't treat gambling as a business, but OP has something to prove and wants to go big with gambling. If you don't believe you'll win in gambling, it's not for you; just go ahead, enjoy, and spend your money. But for gamblers like OP, he's chosen a risky path with a goal of $50,000 next year. That's quite a huge target, but if he can afford to start with a decent bankroll, let's see what he can do and wish him luck.

@OP, it would be nice to share your experience here, especially your bets, so we could follow. Maybe you could prove to most of the posters here that gambling, aside from being a fan, can also be treated as a business.

Nobody will give a forward ahead with this your 2024 agenda of gambling because they know quite well that gambling deals with people emotions and its not a legitimate business that you are sure of getting returns at any point in time, so we have to understand one primary thing in a gambling and it's gamble with precautions and do not a gambling a priority, because when you hope on gambling its very obvious that you will be disappointed and we should gamble what we can afford to lose, is not encouraging that you will start in 2023 to plan for gambling of 2024, that mean a gambling is an official employment which we the gamblers is not supposed to see gambling in a such form.

OP hasn't mentioned the total bankroll amount, only the percentage he'll use for each wager. For a gambler to reach $50k in a year, they must have a reasonable bankroll, in my opinion, probably not less than $20k. I don't know if he can afford to put up that amount, considering the target is a substantial sum. The goal seems quite aggressive, so the betting strategy would need to match that level of aggressiveness.

So now are just hanging on how much he can afford to start as a bankroll, hopefully he'll clarify that.

Since the strategy is based on your own research, I wish you success in achieving your goals.
This is a huge amount of money given the winnable vision I have for gambling games, but I would like to ask a little more about how much you are willing to lose for this goal because this will happen when you make that journey.
I don't really have much of a strategy with gambling, as most of the money I can spend on gambling games is what I'm willing to lose, although I must admit I encounter quite a little luck when playing, but I understand that is not stability. With such a big goal, I think the approach strategy you build needs to reflect the amount of risk you are willing to take.

Clearly the Op to do something like this is because he has a fairly large purchasing power and can afford to do something like that, personally, it costs me 100usd to do it, and to dream or hope to have that amount because I think he has to making very big bets, it is clear that it is possible, but as I say, how can I say that I played with 10-20-30-50 USD and could I wait for that figure to be made? Unless you are playing in a slot and you bet 200usd or well 50usd and you small it and have a great multiplier, that is the only thing I see possible, otherwise I don't see any other way you can do something like that, I'm sure That when we do many things to be able to win, we will hope to win, but on average I think that to make $50k it takes a lot of monetary strength and a lot of precision when making these bets, because a loss can quickly decapitate, and all I can think about is, It is already a good plan with experts in the game and receiving advice, as it may be.

But as I say, with little money it is very difficult to reach that figure, unless you start many years in advance to make a particular type of strategy that could make the difference, but I think that these things are not so good because one But if you know a lot, it still depends on a touch of luck, you can have a great analysis, strategy, but those touches of goodness are necessary, and to achieve and always win to reach $50k is something or is a goal enough wide, quite greedy, but if you are a person who has a lot to be able to risk, then it is not that difficult, it is like starting with at least $5k, to see if you can earn little by little, risking little money, and Although it is not much for some, it has to be very profitable and that is the dangerous thing, in that casinos and sports betting are very difficult to be, because there is no mathematical or physical rule that allows it, because everything is based on probabilities, and possibilities that are sometimes difficult to Quantify.

But it also means he will bet not for fun or entertainment. I admire the goal and the plan the OP states. Its great because he will not just set a goal and have no clear plan on how he will achieve that goal. The OP thought carefully and suited the plan for himself, but what I am concerned about is that because he set a goal, in every of his bets he has that anxiety, afraid to lose the best as he has a goal. It also means he steps aside the fun part of gambling or betting. But of course it's the OP's choice and decision. I hope he achieves his goal, but I also hope that he will not be too focused on his goal. It's okay not to fully achieve the goal as long as you earn more throughout the year, as your goal is quite high. Anyway, best of luck to the OP. I just want to remind you not to forget about the fun part of gambling.

If someone is determined enough to do this then you best believe that they will be able to do it, nothing wrong with believing in them because at the end of the day, it's their money anyway and it's not like you're going to be the one that's losing them so just cheer for OP and hope that he will be able to get to that goal. Also, I don't think that OP is going to be losing that quickly or won't be able to reach his goal because OP said that he's betting so the loses might be minimized especially if OP know what team he's going to put his money in.

Now in the subject of how OP plans to achieve this 50k betting goal, I advice you that with all that you're planning to do, it's always a safe choice to do the safest bets, those that will guarantee you win should be the pick no matter how stacked the odds is on the other team, that kind of scheme by betting services are designed so they attract risk takers that want to take chances on the likely to lose side.

We cannot deny there are some people out there that more than the fun they could obtain out of gambling what they really want is to obtain profits out of it, and while this is hard to do we also know it is not impossible, so it makes sense some gamblers are pursuing those goals.

What we do not know is if they really have what it is necessary to pursue that goal, as becoming a profitable gambler is not only difficult but it requires to adapt your life completely to it, and not many people can afford to do something as drastic as this just to have the chance to make some money.

It is good to have targets but there needs to be care because it can put you under unnecessary pressure to meet these targets, forcing you to make many moves and decisions that are not planned or well thought out. Setting a financial goal to gambling can also make you forget the purpose of gambling which should be to have fun first. With the target you have set, fun will be difficult to have while gambling because you will take it very seriously always and will not be happy whenever you loose. Just try to have fun and gamble, if you win it is fine, if you do not win, take it i good faith, but try not to take it as a way to make the money you need to have a good life.

Placing a bet (normal, or low one is easy) but it was the bigger bets or the ones who are outside of our control needs some guts. He need that and hope everything will mostly go as planned because he have a larger goal this time around. He can take advices but at the end of the day he is still the one that will roll the dice. Strategies he want to do might be common but what else do you expect?

It may not work to some but it could work like a charm for him. Some advices that you have said contradicts to the other. He can't be careful if he will consider and not hesitate. Same goes if he want to control his greed and emotion.

I never set myself any goals in gambling. Of course, like any other gambler I wanted to win a large sum and I succeeded, but the goal of $50,000 is quite a high bar for annual earnings, especially when you consider that winning in gambling is not guaranteed and depends heavily on luck. In my country even to earn such money in a year is quite difficult, what to speak about earning this money on gambling.

The $50,000 betting goal is a very audacious. You seem like you already have a good plan in place. Would just like to add that it is not a do or die affair. Do not be so consumed by the goal that you lose yourself in it and then cross the thin line between normal gambling and gambling addiction.

I think you have given us a minimum threshold where even though you do not reach the $50k mark, you will still feel okay and successful. I wish you well, remember to be flexible with your plans. Be fluid and change and adjust wherever necessary.

First of all, good luck.

Looking at all that enumerated, I can see that you thought of this very deeply to come up with all those strategies. It doesn't look bad but in my case, I don't like having a plan when it comes to gambling especially when it comes to hitting that huge of an amount before withdrawal. It makes me shiver when I make a bet so high and I believe that will also happen to you once you are pressured especially on a losing bet. Chasing losses will become one of your problems here and I hope you have a backup plan once that happens.
It might break the plan that you aim to succeed and worse you got a timeframe to achieve it.

Anyway, just be careful with it, $50k seems impossible for me but I wish you luck to achieve it and share it here once you are done.

Well, this plan is not unrealistic, but it depends on the bankroll you are going to start with and if your goal is that you want to make a profit of $50,000 and you are a person with good financial conditions or a person who has been in this world of sports betting for many years. years and thanks to that you have a bankroll above that $50,000 or you have 50% of that value or you have 25% of that value then it wouldn't take you long to reach your goal, that's because every week there are football games if you bet on football, even if you made simple bets with decent odds, something like games with odds above 1.70, then I believe that at least every month you could make 8 bets per month and placing a high amount of money in each game you could easily achieve that goal.

now if you intend to start with a bankroll of $5000 or below that value then you will have a long and difficult road to reach $50,000 in profit, but if you were a guy this year who managed to do well in sports betting then I see that You can do well next year too. The most important thing is always to play with money that you can afford to lose, as long as you do that you won't have any problems gambling. I see a lot of people who don't understand this, in my case I always prefer not to comment on how I'm doing in gambling to avoid misleading other people, because people always have a tendency to copy what other people are doing.

It's still 50/50 or even lower in your favor, nobody has made a living in gambling we have so many threads here trying to create a method or strategies on how to make a living in gambling but unfortunately they all lose their bankroll, only the casino operators or those involved in the operation and promotion of the casino because they have an edge against gamblers.

Even gamblers who do a deep study and employ the best strategy will eventually lose in the long run, casinos are not a place to make money it has always been said a thousand times it's an entertainment portal, and people come here to have fun and not beat the casino, you may win on day one or two but you cannot keep up in the coming days because the house always imposed its advantages to its players.