Topic: My $50,000 betting goal by 2024. Share Your Thoughts With Me. - page 3. (Read 500 times)

Most promotions and bonuses won't give you much profit, and that big of a goal might require a big bankroll. IMO it's too big of a goal even if you have several strategies to help you slowly make your way through it and the time frame makes the goal unrealistic. I've seen others hit their betting goal mostly without a time frame, so if you're serious about hitting that goal, you might have to remove the time limit because there's no need to rush things and put pressure on yourself when it could hinder you from reaching it.

You didnt tell us how much money you will be starting with, in order to achieve this goal, for when it comes to building a big business, capital is a very important factor, how easy it will be for such a big business to achieve success solely depend on the amount of available capital, if the capital is small, such business will suffer a lot of lapses, and may take a lot of years upon years before the business is able to achieve the status of a big successful business, this is if the owner fail to get tired and abandon the business on the way.

So, coming back to your goal of achieving $50,000 from sports betting by next year, you first tell us how much you are going to start betting with and grow it as you go, how much this capital is will determine your chances of success in this endeavor, and likewise, how small the capital is will determine your chances of failure in reaching this goal.

It's difficult for me to give an opinion because your target is too high, but if you can achieve it, you can continue. Are you confident in your abilities until you decide to have a target of reaching $50,000 in 2024? Even though you are confident, I hope you are not too confident in your abilities because that could deceive you in the middle of your journey to achieve your target.

Moreover, gambling is not a place to make money. You must always remember this so that you know that whatever target you want to achieve, you will probably have difficulty getting there. Your plan looks good, but we don't know what will happen in 2024. I can only underline that gambling is just for fun. Don't get too deep into gambling. Otherwise, you could become addicted to gambling.

I'm sure it's not just you, sometimes there are many gamblers who often miss like you, sometimes not all the matches we predict can win, sometimes some matches miss and are not right, I sometimes often bet 10 matches, sometimes only 5 are right while 5 are wrong, sports betting It's not as easy as people imagine, even though it's easy to predict, sometimes the favorite club can lose to a lower level club.

But again everything depends on the number of Odds, usually to get a profit more often you are tempted by matches with Odds above 2.00 so sometimes it is difficult to achieve so you often miss because whatever it is, every sports bet we play will also require luck in the end, don't just rely on it because we are good at analyzing the strength of the club or team we choose. Personally, I'm not a gambler who targets winning because I usually fail so I focus more on playing and enjoying the game. I also think OP needs a lot of experience in this matter and let alone being able to achieve the profit he wants, it will definitely be difficult.

Honestly, I can't answer it clearly with a short post. But you see, whatever scenario you apply, including the strategy you have previously planned, does not guarantee that it will run smoothly according to your hopes and what you are targeting. Basically, the scenario that you implement or run may be hampered. for example, some of the points you mentioned in your list are not in accordance with the concepts and policies you have planned. Apart from that, how much money do you budget to start your gambling planning session. then what type of sports betting is your target, do you really understand the knowledge and understanding related to that sport. Plus, every betting session will always contain risks and that's for sure.
the most important part, what sports betting options you rely on. single bet, or parlay option, or.. what makes you confident in this plan. In fact, there are many people who do the same thing you are planning. some of them, achieved their targets. but in most cases, instead of targeting $50,000, you end up losing $50,000. Don't get me wrong, because in gambling it has the potential to happen. However, there is nothing wrong with what you are planning.

To be honest, I don't have any tips that guarantee 100% success. now it's my turn, for me gambling is simple, especially football. I won't say exaggeration or making it up. however, of the 5-6 matches that I predict, maybe 2 of them miss. Even so, with the various odds options available, you don't have to focus on 1×2. I will look for matches, from the many matches scheduled. check it over and over again, until you find the ideal choice. after that, I tried to try my luck. The ideal option I did, single bet.

Well, for those of you who are planning what you are targeting. I can only say, good luck.

Have you ever being a profitable gambler? If not then I do not think the strategies you mention are going to help you to achieve this goal, as at best they are just supplementary actions you can take in order to better administer your capital.

However if you are one of the few gamblers out there which can produce profits due to your skills then those actions could help you, however how high is your capital? As for what I have seen a good professional gambler can produce up to 50% in profits in a single year, which means you will need 100k as your capital to produce those profits.

We should really be always thinking that there would really be some unexpected circumstances that could affect your plans and this is why we cant really make out some conclusions on how this one would really be ending up on the end of the year of 2024. If you are really that doing good on 2023 then i would say that it would really be that wise on taking up on the same step. The important thing
is that as long you would really be that making yourself that profit then this what matter the most. Doesnt matter on what methods or plans you would really be taking since you are the ones who could really be able to assess on what are the actions that you would really be needing to do on such situation and since we do know that there are really moments that could happen along the way.

If you are nearly ending up with 2023 with being positive then just like on what i have said earlier that it would really be that good that you should be sticking again into that kind of discipline you do have.
Making yourself that profitable on gambling field isnt really on something that everyone could be able to reach out.

Every gambler will have the big winning wish like this.But what we are doing for the achievement was the important one.Most of the gambler wish the big money and doesn’t try for the victory.So how they manage the game win without the try in the game.They also need to spend the time to learn the game and build the strategy for the game.Most of the time,your strategy to the game may fail.But you need to create the new strategy again and again.The world doesn’t recognise the person who quit at the middle,only the long term passionate people will win the game.So you need to wait till the big win as you wished in gambling.

If you talking of wagering a total amount of $50,000 in the coming then I believe that is achievable for the space of the twelve months,  but then also we have to measure some of the risks you may possibly encounter along the and how best to avoid such things that may come along your way to building a good environment for yourself to be able to gamble effectively.

You have to also measure at what scales you be depositing those amount and that is if the total amount you mentions are all going to come in as deposits,  or you're just wagering the amount in the casino to arrive at that 50k expected amount you mention and what be the time frames and put efforts for it to work at some level.

It seems that some other users here might not have really understood your main point and objective of this topic. But, I believe your goal is to accumulate a total of $50,000 through sports betting and by taking advantage on casino promotions and bonuses. I would say that your goal is not unattainable or hard to achieve with good money management, understanding of odds, a solid sports knowledge, and a great amount of luck. In one year and bets not below hundred dollars for lower risk your target is not far.

I suggest that you share each of your bets and also document your entire journey (weekly basis results) here so that membres can provide different perspectives and offer you better suggestions.

Winning $50k from betting in one year is very possible, but I think you should also be prepared to lose more than $50k. Moreover, you don't need to compromise the strategy that you will try to win that much, clearly in my opinion this can change or ruin your plans.

You should have your own strategy and knowledge rather than questioning your strategy from others. However, if you really want to win that much, then you also have to know that the risk of losing is always there so you can be greedy in placing your budget on one particular match. But wait, is this the only way you can get pleasure from gambling?

You have a sound and solid strategy I must say a d it looks really realistic but then I would want you to aswell have these at the back of your mind, gambling isn't a reliable source of income as it is mostly luck dependent mad sometimes not even about your strategy, your strategy only helps you cut down on your losses but doesn't guarantee winnings along the line.

So it's important you also consider that gambling more from the entertainment aspect of it and lesser from the angle of making so much money from it because $50k isn't a joke although I'm very much aware there are people who can spare more and consider it less but it still doesn't put away the fact that $50k isn't a joke, so consider these and along the line if you encounter some loses, just remember gambling is more reliant on luck than on strategy even tho strategy does work most times too.

I agree with this, but what I mean is that he had a better strategy when he is only betting in a way he thinks is responsibly, and if he change the way, it might lead to another thing for him. I have a friend that play bet and win often until he thinks of using bigger amount of money and the loss started at the time. What caused it was that he thought he can win bigger if he use bigger money but losses began. What he later did was that he quit gambling. It would have been better if he continued to play little and accumulate 5 to 10x odds with several many bets with small stakes, but it was not enough for him.

You didn't reveal your initial bankroll but with this strategy I think your goal is more than achievable with less than $50k as an initial bankroll tbh, and I wouldn't be surprised if you've already done it before. But how will you cope with sportsbooks when they will spot you as a long lasting sport bettor winner? They will lock or close your accounts one by one before you can whitdraw your winnings along with your deposits. They are businesses, their goal is to make money, not to give $50k every year to a random customer just because he is a good bettor, you shouldn't forget that.
You didn't mention the Kelly Criterion strategy for your risk management, you are not using it btw?

Good point. He needs a large bankroll in order to have decent chances of generating 50,000$ liquid profit. I think he is willing to play a game of high risks where the odds will increase his initial budget into considerable sums of money in few bets. However, the chances this is going to happen for real are really low, because the odds are against him, although the multiplier of each bet is quite high... In every cases, despite the strategies in usage, he has to be really lucky to achieve what he is looking for.

The best strategy in my opinion would be to have a huge bankroll, make few bets and quit the game.

I see your map-out strategy as a good one, and you can make that target amount happen as well. It's just a matter of you not giving up and staying on the right track, and then you can make that goal a reality.
 
Looking at how favourable sport betting is to some people who are really good at prediction, I think you also have a higher chance when you choose sport betting as part of your gaming option, and this might really cost you your time as you will need to focus on making some good predictions with some favourable odds that can give you a higher chance of winning.
 
I don't know, as we have a set-out maximum wager year budget for a year, that's how most people also have a set-out go for an expected winning budget too. One thing that I will say is that your confidence is high; if you use it wisely, you can achieve your goal, but don't allow this goal to turn you into something else. I mean, a gambling addict or a chase-lose kind of gambler.

strategy you will use will probably be successful as long as you have a large budget and a large commitment of responsibility or else your condition will change for the worse because reaching $50,000 from your betting results is a large amount while gambling always wins.
even though you have a way of using arbitrage which has a very definite chance of winning, if it fails you may lose some of your money and if you are not mentally prepared for all these risks you may experience deep regret.

even so, I will support you to achieve the targets you have planned and I know that you can do all of this. good luck

Betting a high value is fine as long as it is inside your betting tolerance. Having a high target pf profit is fine as long as you yourself know how gambling works. There are times wherein as you chase your profit.Bottomline is; nothing’s assured with gambling. You have to manage your expectations in order for you to cope up if things would go out of hand. If you are having that mindset that profit is assured, then be prepared of the consequences.

If there are proven strategies that can make your goal possible then so many casinos will go down, but there are none and the community has been advising players to not make gambling a source of income, even the casinos have it in their Terms of Service that they are an entertainment platform.
And remember you have a house edge to bust all your goals of making money, and the house always wins.

Even if you think you have the best strategies it's just a strategy not a proven method, I doubt if you can make your goal realistic, but I still wish you luck in your venture it's one risky venture that I would not even dare to undergo.

I guess with how your specified your plan on how you'll be achieving your goal, it's already enough as long as you'll be able to follow through with your plan. Planning is actually the easiest part however following and sticking with it is what makes it hard. With your plan, basically it's just about researching and strategizing before betting to make limit loses and maximize profit.

As for your goal, you may or may not be able to achieve it depending on how often you bet and especially with how much your bankroll will be as the lower the bankroll the harder it is to achieve your goal.