Topic: My $50,000 betting goal by 2024. Share Your Thoughts With Me. (Read 584 times)

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

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.

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.

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.

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.

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.

$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.

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.

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?)?

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.

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...

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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

Local betting groups?

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.

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.

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.

You have a goal in gambling by hoping with a goal that makes $50K even if you responsibly do it, I think this is not in my mind because of course it will have a lot of pressure and have to determine the bankroll when it is depleted must be quickly filled again, do not want gambling to have a target especially as an annual income.

Just make gambling a pleasure, there is also a target never think about it.
On the contrary, if I have a goal, it will never be achieved because I will have anxiety in every bet even though you have a strategy but that's not a good thing for us while we are here happy to talk about betting as well as placing bets but it's for fun no more than that.

Suppose if the goal was not achieved how would you feel? Would you be stressed or ready to lose all your bankroll?

I disagree. Sportebetting is huge. I don't mean that lots of people bet sports, but lots of people earn a decent wage betting sports. Making bets with knowledge is key. Don't just blindly place a bet or always pick the favorite.

I only see him as someone that is getting overconfidence about his gambling and he wants to increase his stakes and risk more than before. If gambling teaches him lesson after losing and not able to see his goal, he will realized that the way he is gambling before is better than the way he is gambling now.

Gambling suppose not to be a way of thinking of making money. This guy thinking is also the beginning of addiction.

Having goals in life is important and when it comes to gambling we should treat it as any other part of our life. A 50,000 USD goal within one year sounds like a lot to me. I don't know your current financial situation and how much money you can set aside every month to increase your budget. In my case my goal would be more in the range of 3-5,000 USD, because I start with a relatively small bankroll. There could of course always be a lucky bet that leads to a huge profit, but that's not very realistic and I don't want to rely on it. However, of you already have 20,000 USD as your starting capital than it's a completely different story. Having a fixed goal is great at the start of the year, but I would also have some flexibility depending on how the year goes. A few bad beats could make the goal unrealistic and lead us to take to high risk. Chasing for a certain return focuses too much on the money we want to make and leaves the risk we take a bit behind. The most important thing is to be financially responsible and remain realistic about our return expectations.

That's my question and is there anything in terms of bet value?  If you are betting $1 a game vs $10k a game is quite a difference and will make you gambling goal either easier to reach and/or harder.   The one thing I can say is that you have a set goal which is half the battle.  Most people don't have a number so they never actually get to cash out anything but lose it all back.  Good luck to you in your adventure this year

If I understood this right, the goal is to make a $50,000 "profit" right? Does that amount include the bankroll? Or simply, just to reach a $50,000 overall balance? Will you do sports betting only or also test your luck at casino games or whatever available gambling games you will encounter?

Anyway, that surely be a tough challenge within 365 days. I do expect that you have a decent bankroll to start as your goal is a decent amount too. You might be pressured to reach that goal instead of just being comfortable with your betting activity by keeping and sustaining your winning rate over your losing rate.

My advice is, well, just be on yourself as a bettor. Be wise in choosing odds and don't jump betting on the matches you are not familiar with.

Good luck mate.

At least you have the guts to place a bet, whatever you want to do, the decision is all in your hands, but I'm just saying that all the strategies you want to do one to five, have probably already been done by other people, whether they managed to win up to $50k or not.

However, my advice is that if you focus only on betting on sports games, if you can, try betting normally like other people generally do, the point is: you really master what you are betting on, for example: teams, players and other situations that are related to the sport, I am sure you can succeed in achieving your dreams, rather than having to place a large bet on one match hoping to win multiplied by a large amount.

But I support what you want to do, to take advantage of all available bonus sources, the point is: stay thorough, be careful, consider, don't hesitate, control your greed and emotions before you bet, do it wisely.

$50,000 is a huge amount and making a life saving as $50,000 from small gambling capital is like impossible. It can be one super lucky bet and win big but it is nearly impossible, barely happens.

I know what you want to do is not this, but bet and win with your strategy and making your capital up with time. You did not share what is your capital for starting so it's hard to say. If it is big capital, so why have to gamble?

If it is a small capital, I think your target is unreachable if excluding super lucky bet with high multiplier.

I would like to bet with altcoins like Dogecoin, Ethereum Classic and Litecoin. Taking profit with Bitcoin in a next bull run and jump to those altcoins. Profit will come and I don't have to face with risk of lost bets in gambling.

There's really nothing much I could add since you probably performed better than me already. I think you've got everything in place so maybe some trial and error with parlays could help and also try to grow your network. Do you join casino sponsored competitions exclusive for bitcointalk members as well? I've seen some in games and rounds.

Yes, you can find this opportunity if you are an active gambler, and considering the $50k target, it's safe to assume you have a substantial amount of money to risk, which makes you more eligible for the rewards and bonuses.

You'll probably find 1 of 10k bets an arbitrage opportunity, this is easier said that done as bookies now are just probably getting from the same bookmakers, so it's a tough job to find this opportunity. This is free moeny actually as you could just end up break even or you win. But good luck with that.



Pretty basic my friend, you'll find a lot of information regarding this from difference sources, if you are into huge target, this should be your priroity and as you become a a good sports handicapper and casino player, the chances  of winning will increase overtime.

I think that you need to tell us how much money will you allocate for gambling in the year 2024. We don't know if this target is realistic or not because we do not know how much money you will be using for the betting. If you have anything between $20,000 to $30000 for wagering, then this may be achievable but if you have a supposed 1,000$ to 2000$ gambling portfolio, then I think you need to stretch a lot in order to get this target considering the risk involved in gambling, you may not achieve this target at all.

Anyways, i wish you the best of luck and i would like that you keep on telling us your progress from time to time as to what you have managed to achieve and where are you standing in terms of your 50,000$ goal.

Gambling in shitcoins is better than gambling in someone house, but the best is invest in Bitcoin... if we talk about making money.

Even you've take advantage over everything e.g. bonus, rakeback, promotion, VIP rewards etc it will not going make you have a sure win in the long run. Remember martingale strategy should be work base on calculation, but the reality most of people lose due to insufficient of bankroll.

The amount is really a big one, and that's a large target that you have chosen to meet at the end of 2024, but my question here is: how much are you willing to wager all through 2024 in order to achieve this goal?
 
You have a good strategy that will help you minimise your losses, and you also have to set up a bankroll target, but when you have used up all of your budgets and there seems to be a negative result, what will you do? Will you continue by first breaking your own principles in order to meet your targets? If yes, then before you even get close to achieving that goal, you might have spent more than or close to that amount all over your wagers.
 
Another thing is that being overconfident in gambling and having a winning target at the end of 2024 might also end up putting you in a disappointing stage. This is because we can never be too sure of the result we will get from our games all the time. If luck is not on our side, nothing we predict can even work according to plan.

That's a lot of money to target and probably requires a good capital too.
I think you already have a good plan ahead and a strategy, all you can do now is to implement it and adjust along the way.
There's no assurance in gambling even if it's on betting, so make sure that your strategy is flexible and your target is realistic based on your bankroll.
Betting can be more fun and rewarding, having patience and a good strategy is advisable.

OP I don't know how successful your plan will be. But till date no one has ever succeeded in planning like you. By making promises like yours thousands of people have become addicted to gambling platforms and at one point they have completely ruined their lives. Actually those of us who participate in gambling platforms mainly participate as entertainment although here we have a target to earn. On that day I was sure in the 15th match of ODI Cricket World Cup 2023 match between South Africa and Netherlands as South Africa has many formats in this match so I participated in betting for South Africa as a result I failed to bet there. From here it can be considered that nothing can ever be said for sure on gambling platforms. Any incident can happen at any moment. But I'm sure you'll fail to reach the conclusion you've reached.

I'd like to start by asking how much is your total bankroll?

I mean, $50k is a substantial amount of money, though it's achievable in gambling, the odds are relatively small if you don't have a decent bankroll. Let's be realistic here. While I believe there are successful gamblers who make a living from it, they typically don't start with $1,000 and end up with $50,000 by the end of the year. That's quite unattainable for most, which is why I'm curious about your total bankroll.

Having a target goal for the year will just give you pressure when you are betting especially when you lose some of your bet since you might be force to chase loss just to catch up with your quota. I don’t want this kind of gambling since it’s like giving yourself a task to always win while you are playing a game with high risk.

The purpose of gambling is to have fun since there’s no guarantee profit when you are playing. It’s not a job which you can save consistent money from your salary that makes this goal achievable when you hardwork. Gambling is based on luck which means you have no complete control on what will be the outcome of your game in the whole year.

If you want to achieve 50.000 dollars wins from sport betting then it is not that difficult based on your starting bankroll that you may have,for example in here I have seen some people long before claiming to have a thread to make 10 dollars go to 1 million dollars and none of these guys I assume is still with us as I have not seen them here anymore.If you have like 1000-5000 dollars starting bankroll then achieving 50.000 dollars is not difficult you just need to hit some nice parlays during the weekend where most games are played and that amount can be reached real soon.

If you have a small starting bankroll it will be much more difficult to win 50.000 dollars but of course not at all impossible.

        -   Is your goal that you say about the $50,000 to generate a winning income in casino gambling here in the crypto business, or is that the sum of your estimated amount for the whole year?

Because if that is your target to be able to generate income within a year, that is already a big target for income that can be obtained from a casino platform that you will be gambling on. Now, if that is the sum of what you gamble, for me, that amount is quite large that you will lose if ever, which is not practical for me.

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.

You have a way that you are gambling now and you are making little amount of money, stick to it and continue to gamble responsibly.

OP you seem to have a good strategy to actualize your goal of making $50,000 next year. But gambling is not a business and the profit that can be derived from it is unpredictable. It is good to have a gambling plan but predicting your yearly turnover can have some consequences. It could lead to loss chasing and over-gambling. It could also lead to anxiety and unnecessary tension caused by the drive to meet your yearly targeted profit. It is better to enjoy gambling and peacefully accept the returns you get from it.

Yes, that is another part to debate, and more so when the OP itself says:


Not playing responsibly 20% of the time and setting a big goal can end up backfiring and blowing a big hole in your head. Metaphorically speaking, of course, I mean a hole in your finances.

Op, in this your quest to try to achieve $50,000 through betting make sure you don’t forget that gambling is not meant to earn passive income, it should be done for fun.

I don’t know if your strategy would work or not but my little piece of advice is that you don’t lose yourself to gambling during the course of trying to tweak some of your plans and eventually gets overwhelmed by your expectations—- And it should also be noted that goals like this if not properly handled could lead to addiction.

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 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?