Topic: Would you rather take it slow, or just aim for a huge parlay win? (Read 525 times)

I'm skeptical about the real possibility of making sports betting a career for the average Joe. Even if he was skilled enough to get a consistent 3% profit, I would consider it not worthy the risk (a bank deposit already gives you that return with almost no risk). And, on the other hand, to get a great benefit, you'd need a lot of capital most of us don't have unless we went into debt.

In coherence with my last post above, I'd prefer to make improbable bets for the sake of fun (and, if lucky, get a good prize) than making a lot of little "sure" bets and turn it into a job, as not even the greatest sports experts are usually known for having become billionaires betting thanks to their insight, and I don't aim to know more than them.

If we start treating sports betting as a career, that’s a whole different conversation. It means we’re fully confident in our ability to turn a profit, but sometimes, what we expect just doesn’t happen. There’s a lot of groundwork needed before taking it seriously.

The first step is proving we’re actually good at it, and that requires proper documentation. By that, I mean a detailed betting spreadsheet with at least 1,000 recorded bets. If we can maintain a winning percentage of at least 53% (rounded off), then we’d have a real reason to convince ourselves that pursuing this as a career is worth considering.

Higher the rewards the chances of winning get thinner that's why aiming for the lower odds game makes sense but also if someone assume that they can just keep winning all the low odd games which is also wrong cause once in a while the underdog win the match and if that happens we might lose the progress of many games so it's like lose - lose situation when someone is pursuing a career out of sports betting.

Of course, it is important to save your finances and most gamblers manage to do this, although sometimes it is difficult and problematic and the player still really wants to bet on the money that is already beginning to critically affect his normal life. However, some players still lose this control and this has extremely negative consequences in the form of gambling addiction and then treatment, if it is even possible and can really cure such a person. Although I think that it is very, very difficult to finally and suddenly get rid of an obsessive gambling addiction even with the help of drug treatment. Usually this treatment has only an interval of withdrawal from the game and at some point all the continuation of the gaming activity begins again. At the same time, such a person, of course, uses the money that he manages to get in all sorts of ways, including criminal ones.

"Slow and steady wins the race!" That proverb has been used by the wise since no one can remember and I don't think it can be obsolete in a situation like this.

Parley and beyond, we should take it slow/easy, or else, we might hit Waterloo sooner or later. True, we could hit the jackpot at any time, and congrats to those who bet big when they, fortunately, hit their jackpot, but have we thought of how much we could lose if we didn't hit the jackpot for too long but wagering big? The preservation of our finances must come first.

I have never seen, nor heard about any bettor that won x5000 odd in sports game, it's really so difficult to break such record. Even to win a parlay of 20 to 50 odds is usually so difficult because one or two game with definitely spoil the bet, then talk more of x5000 odds.

Gambling is unpredictable, if you have a target of amount you want to win In a season, it's better to go slow, rather than betting at once. Although it depends on the level of your risk tolerance and also if you don't have time to be betting frequently and perhaps you just want to place your bet all at once.

I think it is better to place many small bets as opposed to express bets because it is better to get at least some money with a high chance than to have the opportunity to get a lot but with a very small chance. In the long run, according to probability theory, there is a chance that such a player who is carried away by express bets will not get his huge win at all. Such a turn of events can put the gambler on a strong tilt, which will make things go badly.

If the outcome is going to be the same, then parlay betting is the better option. Even though you'll lose most of the time, losing a small amount is way less stressful than losing a decent amount per bet. With parlays, we don’t expect too much, just by the name itself, we already know the odds are very slim. And honestly, it’s much easier to move on from a $1 loss than from a $100 loss.

None, as hard it is for some to fathom this, in the long run, they come together and end up really close by.

After all, despite being words and not actual chance of winning this, the same mathematical model applies, and it's pretty easy to figure this out if you think of Martingale but from the casino perspective, for example without the house edge.
The chances of winning are still 50%, at one point you will hit a losing streak that would kill all your profits, from the casino side it's like winning parlay where each bet is added on top of the previous one, so at the end of the day their parlay will effectively cancel all the small winnings, leaving you with a loss due to the house edge.

Trying to win 1000 games with 2x it's not really that different from trying to win 100 parlays with 1000x.
In the first try, you have the obvious chance of breaking even 50/50 each time, in the second you have about 0.098% so 1% chance in each of the 100 parlays to win the same 1000.

oh wow I like this analysis and I think that the parlay bet would surely be more fun. Much harder to hit but lets say you hit 1/3 of the way into the season. You have so much cash now you can bankroll 70% and still play with the other 30% the same way you have been with the parlays or you can even do both at that point! In a perfect world this could happen lol

Never have a goal on how much to win from gambling, I feel it's really a bad habit and sooner or later it will drag us down into the shithole.

Theoretically betting one by one has the higher chance so if you're pursuing a goal amount then take one step at a time cause to win parlay you need to win everything, even one bad results will eat up the progress of previous wins so even if the rewards are small there's higher chance of achieving in it.

None greedy gamblers, yes slow and steady will keep you in the game for much longer, but for those whales who are after making the jackpot there and subscribing to that slow and steady thing, what is important and get attention to them is the amount they can stake to win huge at once regardless of the risk that will come along with such decisions.

Gambling is for fun, and whatever keeps you longer in the game is a welcome development since the longer you stay the more fun you drive, it makes much sense but this is also based on Individual differences in most cases.

I'm the kind of bettor who prefers the second approach, I mean, to make very small but very difficult bets (maybe the fact that I also like lotteries has something to do with it).

In fact, although I'm not sure about it, I have the sensation that it is easier to win big that way, because the more you distribute your bets the closer you will get to the average.

I don't think there's a problem with doing this at the same time, bet small, aim for a huge parlay, and take it slow and steady. Why not try both of them? If you are lucky to hit $2 with a parlay of x5000 odds you can then cash out this $10,000, but if it's bad luck, then at least you tried while you win some by taking it slow and steady. Since your chances of winning at very high odds in parlay are very slim, I stay consistent in betting without high odds in parlay because the chances of winning are high, but aiming to hit $10,000 is impossible.

Slow and steady wins this race, someone said. Another one is not how far fast but how well. A huge parlay may work for my friend but when I want to take that chance on it, it will result in a loss. It is not a wrong way of thinking it is just what it is, I would keep to the small slow and steady bet because I know it is like betting on a lottery.

And those that like to party hard, must aim for a huge parlay win

Taking it slow and steady will nake it impossible for you to win $10000 with $20, because before playing 50 time, you'll have lost all the $20. Such intention is only a waste of time and can lead to unstable mindset.

On the one hand, betting on huge parlay is the fastes way to lose all your $20 fast and shortest cut to hit $10000

I prefer to take it slow.

I want to see the progress if I'm doing right or not, if I make money from $20 to $200, I will feel I'm in the right path even though my bankroll from $200 turn to be $0. But, at least I can try again.

If I bet on huge parlay, I feel like that I'm throwing my money for nothing as I speculate I will lose all of my bet.

I believe I saw same post in the past that someone actually made this kind of  huge parlay strategy successfully. He manage to win 20K by betting only 20$ on an insane 1000 odds parlay bet.

The amount of attempt is not disclosed but this strategy is being used and shown already some successful result.

I think this story and his bet slip was shared here in the forum by one of the local member in our board.

Depends? I usually take it slow and steady since I only really bet on a couple of matches. If I was looking to earn money on a tournament, then hell yeah I'd parlay. I mean I'd study the hell out of every team there, doesn't make sense if I don't take advantage of it and try to go for the bigger pot. But yeah no, I rarely do that kind of thing anymore. Thrilling yeah, but it just doesn't seem to be a steady type of gambling I'd want to keep doing. And tbf, I'm not in it to earn money anyway! Maybe if I'm bored I'd do it but not for the money, just for the thrill.

Slow and steady keeps the ship sailing, I rather go slowly than go faster and crash too soon hahahaha, their is fun in gambling I must say and I don't have any plans of quitting anytime soon hence I wouldn't oblige to any of such that will devasted my comfort in terms of how long I want to stay in gambling, yeah winning is all we want but we should look for it with pleasure, there are better chances of winning when betting on few games than multiples over exaggerated.

For the first point, for me it is too difficult to do especially with the nominal bet that has been set in each bet. especially if we target the accumulation of wins in one season, as you said that means we will make a lot of bets. in fact, to predict one match alone sometimes the results are far from what we expect. just imagine, what about 500 wins. has anyone ever succeeded, if so I hope someone shares their experience.

The second point, it seems this is the most rational choice of the two options above. betting with parlay mode presents a multiple multiplication even with the smallest possible money bet. it's just that, to achieve the targeted victory, how many gamblers have ever succeeded in doing it. honestly I've never tried it, because when I bet it all depends on the situation, match schedule, interesting teams to be involved in the bet. maybe many of us target victory in one sports betting season, regardless of the nominal, method, betting method, and it seems that only a few gamblers are successful in their bets. I personally don't target anything, because it usually only puts pressure. the most realistic for me is betting according to our wishes, whatever the method, whether single bet or parlay. without having to target victory in one season, but more on the pleasure that we can get in the betting journey that we do.

That’s why the chances are low, but the potential reward is high. When betting on parlays, you need extreme luck to hit a big payout. The good thing is that even with just $1 or $2, you can win $5,000 or more, assuming the sportsbook doesn’t limit the odds multiplier. 

Parlay betting isn’t the type of wager where you can apply a solid strategy; it’s purely luck-based.

There is no guarantee that even though they place a parlay bet, indeed parlay bets many sports gamblers are addressed because they can combine several bets at the same time But it does not guarantee they can win, precisely what often happens to lose, indeed if seen from the payment side if it is high, but there is no guarantee.

For me, I like betting a small and tired way but there is a chance to win, even though it is low, but I am satisfied to do all that.

Parlay bets for me are very risky, besides the match can be canceled but if only one team we installed does not reach their spread, all our bets can be used up in defeat For that high pay there is no guarantee for parlay gamblers to win, my experience in the worst parlay betting gambling I have ever found and I did, never sided with us.

Do you also set targets before gambling? Interesting to know, but I think its more risky when you have a target you are chasing rather than freely engaging in the casino, expecting to win huge as luck permits.

Also you do not need to bet 500 times to win $10,000. It can be won within the first 10 bets, 50, 100 or not even win the money even if you bet 1000 times, so that your formula should fit in loosing $10,000 which can happen in 500 successive bets of $20 each lost, which isn't also very possible that you would record 500 losses in a row without a win.

Gambling is all about luck and setting a win target before engaging can be more detrimental and susceptible to chasing losses if things go south. gamble responsibly and moderately. we gamble to win money quite alright, but we must be wise not to over engage and ruin ourselves in the process.

I will go with betting small and aiming for huge parley because obviously winning is the basis for which we are engaged in the gambling in the first place so it's very okay to bet small especially on amount that you can comfortably loose without getting emotional because for every win you get, you are most likely going to recover all you lost before ever getting to that win, let's assume like u mentioned u use $200 per stake aiming at 10k, if you get lucky at any point,  your are definitely recovering over 100x because dividing 200 by 10k it's over 50 trials which I believe you must have won once if not twice before getting to that number of trial if you are smart enough.

Both are still difficult because the target in gambling is like putting more pressure on our minds to continue gambling so that we can reach the target.
I might choose the second one, betting on parlay with a large number of odds but only betting small.
Maybe in 100x parlay it doesn't produce that's why both are actually difficult, so it's better not to set a target and play normally, enjoy when you win and move on when you lose.

Still risky in my opinion. Doing a $2 pretty sure the odds to win is low but there are chances it could hit it. Ive seen it happened on some users anf gamblers but definitely so rare, I think I'll go with bigger funds like $10 to $20 to make sure that I 'll gain decently even without targeting a dream win.

Trying to make a parlay with a huge odds every time and waiting for one single win is very difficult, in the end it may just be hope for you, because what is the point of constantly getting only losses. At the same time, bets with odds of 1.5-3 will have a much higher chance of winning, maybe I would never dare to bet $ 10,000, but I would rather move slower, but the risks will be lower.

But then maybe it is a better idea to play scratch ticket lottery instead.  Why play parlays, the adrenaline is bigger when you scratch the ticket to see what you won, or if you won at all.  It is more interesting considering you may already have the jackpot in your hand before you even scratch it.  Even better, you do not even know how it ends!  Will it be no win?  Will it be a car, or a trip to an exotic island?  Or will it be tens of thousands?

I have some friends who are hooked on parlay bets. Small amounts, high risk, low chance of winning, but the odds are so high that winning means the bet would be multiplied hundreds, if not thousands, of times. Although I'm attracted at the huge win coming from a small bet, it's simply not my cup of tea. For me, it isn't practical. I'm not sure if they're net positive in their bankroll, but I suspect they aren't.

I prefer to take it slow and steady but, most importantly, I'm realistic. I don't even set a goal like winning $10,000 in a single season. That to me is unnecessary. I bet when I feel like betting, when I think it's worth it. Meaning, with no pressure at all.

If it was easy to win 500 times in gambling in a season, gamblers would have been rich, so the option is not achievable in gambling in a season. Betting $2 per day on a parlay with x5000 odds is good, but I think it will make gamblers who adopt this option look desperate, expose them to gambler addiction, and possibly make them stake above $2 a day because it will look like they are chasing their losses if they keep gambling every day. Any gambler who has the goal to win $10,000 in a season should just forecast 50 odds every week and stake it with $20; if he is lucky enough to win 10 times in a season, he will achieve his goal of winning $10,000 in a season.

As for me, I will go and take that risk to hit a good odds on parlay. Nothing beats a multileg bet and then you hit it with a huge win in a day, withdraw your winnings and then celebrate it with your families.

Yeah, small winnings will do, but it might not be suffice enough for a gambling as for sure you are going to aim for something big next time. So why not start that gambling with higher risk higher rewards, as typical of a gamble. And that is the advantage of wanting to go on parlays, because of the higher odds.

Overall, every strategy is right, it's really up if we want to go and target huge multiplier.

Yeah Gambling is basically all about risks and luck too. That is basically how odds and multipliers are actually engineered. The higher the probability and chances of winning a particular game, the smaller the odds always tend to be this is basically to minimise losses on the end of the casino.
Sometimes some persons prefer to risk tiny bits gradually and stack them up a pile but that doesn't mean that you are certainly going to be able to pull it off since you only have a probability of winning higher as opposed to something like a guaranteed win.

I agree with this statement. And indeed, playing with many bets firstly turns the game itself into an endless conveyor, takes up a lot of your time and generally becomes not a pleasure, but a routine process. Perhaps there is no particular sense in choosing this style of play. Less frequent bets are still preferable in my opinion.

I think the best is to have a single shot and hoping for the best. I know that if you play 500 bets it is much more difficult to be in profit overall. Personally I think that having a 10.000 dollar bet in a parlay of odds 2-3 depending on what you want to achieve and for me there would be a much higher chance of winning such bet compared to 500 bets with each one as 20 dollars bet. Trust me the more bets you place the more difficult it is to be in profit so that is why I say one single shot is the better option.

The main things here are analyze and strategy. You must have win rate more than 50% and odds more than 2. And you have to remember about "lose streaks" so bet size mustn`t be more than 10% of bankroll. I began my gambling for profit from $100 and when i stopped i had about $7.000 bankroll. I spend for it about 5-6 months.

Take it slow and steady will be better for me as that will not make me in a rush to bet and only bet with the match that I can analyze. It is difficult to achieve a goal in gambling. You may lose more money before you can achieve your goals. Gambling is not a place to make money so we must understand for sure and just have fun inside gambling.

It is better we don't use a target to achieve in gambling because that can make us deeper in gambling without we know when we get out. If we can treat gambling for fun, we just enjoy to bet in the match we know. But that will depend on them because they will have different reason.

If I play it slow and make a few bucks a day, it's not a bad strategy. Why not make a few bucks a week and maybe chalk it up to free groceries? Like I said, not a bad strategy, but I like to risk a few dollars and try to make 300+ from a parlay. I think overall either strategy can work, but the take it slow strat is probably your best bet as you have much less risk.

You are right that most people who gamble do so with the hope of winning big - this is certainly the main motivation for many. Gambling itself is about seeking risk, the desire for unpredictability and the chance to hit the jackpot. This is the element of the game that attracts millions of people around the world. In this sense, of course, it is impossible to completely rule out the idea of ​​the possibility of "winning big". After all, it is the hope of success and the search for luck that makes gambling so attractive to many.

Both strategies are boring if we’re not winning. But if I had to choose between the two, I’d rather take it slow since I believe I have gambling skills, though I haven’t exactly proven it yet.

Parlay betting is fun, but it’s mostly a waste of money. There’s a reason casinos heavily promote it as it’s like flushing money down the toilet, and here's the thing, the house edge on parlays is massive, which means we’re more likely to lose in the long run.

Honestly, both strategies are fine, and it all depends on how a gambler sees it, and at the end of the day, it’s our money.. so, we alone decide how to risk it in gambling.

but has anyone ever succeeded in winning their goal with only betting $20 to me it seems unrealistic unless you are willing to increase the amount you are betting over the course of the season then maybe you can reach your goal but it just seems unplausible to me
depends on your goals to be honest i would go for the parlay if you are aiming to earn high yes it is risky but the payout is a lot bigger than taking it slow and with a goal in mind it might just frustrate you over the course of time

I have already alleged repeatedly that the size of your bet should follow the bankroll-time-trajectory relevant to given bettor. ^{At least I stick to this tactic which is proved to be successful}  setting the bigger betting price when the slope of this curve is positive and smaller one at negative slope. But people have different view on this matter. One of my friends form the close circle ^{BTW, very risky man} prefer smaller betting  parlays  with big odds, his bets, more than often , are such crazy, that his bankroll   runы out of steam, then and there.

Parlay bets or multi bets provide greater odds by combining several betting options into one, clearly this is very big win when successful but there is greater risk because there are more match or bets options where when one of them fails then will lose everything, parlay bets are not as easy as imagined.
Different from single bets and we can bets more relaxed and slowly but for me personally I prefer parlay bets because by taking several bets options with fairly good chance of winning even though the odds are not that big, this can provide higher percentage of win for me.

Of course, I would rather go and bet on parlay, but you should also understand that the chance are very slim. Nevertheless, if you know that sports and have been a fan, it could be that it's going to be easy for you to make that kind of money. Maybe not like in x5000 wins, probably a got hit is like x100 or higher and if you can consistently do that in a month then it could accumulate to big money. And there could be some good tipsters as well that might give us some of this huge multiplier parlay and then hit in one day. Just remember though that there is risk involved, but with your analysis and the knowledge of the sports, for me this is possible + extreme luck on your side.

You can't say people should never gamble with the hope of wining big money, and you know that is what motivates people to gamble more .  %99 of people that gambles does it for the sake of wining big amount either from small bet with high odd or big stake with smallodd. If people don't have the mentality to gamble for the goodie bags then what is the esscens of gambling? I know that even though big win is not possible but that does not mean that people should not hope for aim to win big.

I agree with you that making gambling a source of lively hood may result to learning the bitter Truth about losing that's why we shouldn't take it as a business atol, rather a thing to try luck.

When we take the small bet approach the adrenaline rush is small. However when the take the huge parlay approach our heart and all it's cavities will be beating madly as if they would burst open.  Some people like is huge , I like the small bet approach it matches my kind of person. I'll continue my bet consistently. A big win will be on its way.

This depends on your  tricks of winning that works for you most. I prefer a parlay  game with minimum of 50 odds. But remember it go with a lot of risk. The bigger the odd, the more the risk involved.

If we do it in a single bet the question is how much money do we need until hit x5000 odds because to hit those payout probably the winning percentages will be below to 1% and we will don't know how many bets required until we can reach those payout so probably it's not worth and if we do it slowly and steady for example with odds x2 or more for each bet then it took approximately 2000-3000 times to bets which this is risky too because possibly we will run out of money before reach our target so i think there is no difference between these ways seems impossible for me

First, I think we as gamblers need to start having the understanding that every wrong decision made by us will always come with some prize or complication. Therefore, I believe in taking things slow and steady.
Second, setting or aiming a certain winning goal as a gambler is another way of digging one own grave as a gambler, and 80% of gamblers who have these feelings always lose control of their buzz.

I will indeed mark this as a great research which has been a circular embattle for all gamblers regardless to their aim and objectives of gambling.

So it is clearly agreed that when we bets and wins, we are probable to chase further winning or chasing bigger amounts with higher risks, of we looses, we still want to chase the winning whether huge or small amount.

Winning or increase in gambling portfolios has always been been one habit that all gamblers can not deny as reason of gambling time after time

In sports betting, both options are void. High winnings with low stakes is a very difficult prospect and it is not possible to play regularly and win every time. If your goal is to win big money with small stakes, you can go to a local casino and put your money on the line. If luck is on your side, you can hit big money with a small amount. In my opinion, the most important thing when betting is to know where to stop. You should never bet with the hope of winning big money. Remember, if you make betting your livelihood, you will learn the bitter truth about losing.

My betting strategy would possibly involve making low-risk bets with higher amounts at the beginning of the seasons. Once I have an estimated profit fund, I would make sporadic high-risk bets requiring a smaller investment, to try my luck. I believe this would be the most reliable approach, since always taking low-probability risks might not yield good results in the long run.

I’d go with the parlay but not with that kind of massive odds - if I’m to approach this I’ll go with parlay with a maximum odds of 100-200 odds.

If my target is $10,000 it won’t make sense to bet 500 times unless I’m ready to take part in rollovers that is, if I bet $20 today I’d bet my entire win on the next game and then continue with it for like 5-10 days and with that I should be able to garner some huge wins very close to my target or even hit my target if I’m lucky enough.

You don’t have to keep betting the $20 continuously - rollover seems like a better option.

Here's the truth, you can't be consistent in your wins when gambling so that goal can't be achieved when you go slow and steady, you'll definitely get some bad games that'll make you second doubt if your goal can be accomplish. For me though I'll go for the $2 per day for the x5k odds. I won't say that's the best decision but for me I'll just take my chances. If it works out that's great but if it doesn't, I won't kill myself because I would still had lost that money at some point with the slow and steady option. My chosen option also depends on how much I'll be staking for each of the bets for the x5k odds because I won't risk losing more money than what I think is okay for me to spend gambling.

It is tiring to hit with small bets and aim for that huge amount. So that if you're taking chances then might just go with the parlay and hit that with it. But for me, I'll take it slow and will enjoy the process, I think that's the enjoying part that I might take. I know that it will take time and losses are going to be there but if I am enjoying it then that's what I like in there. I am sure that I won't be able to achieve that in the long run but at least, yeah I am happy and entertained in that method.

Firstly, I don't set myself goals like that. Why would I take a chance with multiple $20 games, or even less high risk games, knowing I have a certain number to reach or fail. So if I win a couple times and get to $900 in profit, I can't stop because I need that additional $100 to reach the goal, or it will not count? People who do that usually lose a lot of money and get addicted.

If you have to reach goals because it's in your nature, at least try not to make them unreachable. with $20 bet, getting $200 in profit is already an achievement. Want $1k, play poker with $20 blinds and it should go fast. At least you won't waste too much time

Winning may be part of the requirement for some people gambling, but most of us are gambling on the purpose of having fun, not minding whether we win or not, all we are after is to make fun and enjoy the best moment thereof, gambling to some is about fun while some are doing it to make money.


Even the rich were never satisfied of having money, they always make more moves of getting more money, what we often have or develop passion for often got over us that we are more used to it and cant do without it, this same applies to how some are gambling, the moment they have an experience in making it, all they thought next is to keep having a continuous one.

Do you think is possible to make $10,000 with $20 in this way, if the gambler should pursue such an amount within the limited time it will be completely off, including risk management cannot save you. There will be several count of loss and profits, from the usual were gamblers are complaining of losing more than they make profits i really wonder if this person will be an exception.

Strategies including risk management, isn't going to help. Even 2 odds still requires same skills and luck to play, it's a wrong move taking this up won't yield anything just an effort that will end with losing everything at the end.

Your approach will depend on the risk you can handle and take; aiming for the huge parlay means you are willing to take on more risk, and not everyone can do that.

Personally, I am going to take it slow and enjoy the process.

If you stick to one strategy for a long time, then there are more chances to improve it. I do not think that parlay with a huge odds can give better results than, because winning in this case will be a rarity. And if you can win and make a profit with a lower odds, for example, about 2, then you can always try to increase your profit by increasing the bet to the level at which you will be comfortable playing.

When it comes to sports betting then it would really be that totally random when i do make out bets on specific betting amount. I would really be that preferring on not so big or small but actually im not really really focusing too much on hitting a specific number when it comes to the possible win, as long i do make myself that getting entertained on the bets that i do made. In regarding about the question in between these things then it will be choosing up then i would be preferring on betting on $20 per game rather than on $2 because hitting up on parlays on x5000 odds is really that close to impossible but of course when it comes to odds or chance then it could really be able to happen. This is why it will really be that only according into your own preference because not all bettors will really be sharing up on the same interest on how they would be handling out their bets and the amount that they can be able to bet on.

The best choice is to have a strategy and follow it. As for me the problem here is the goal. It makes you do mistakes.

It doesn`t matter how much you win. Use money management and risk management. If the odds good for your risk management - make one standard bet. Once per week/day/month recalculate your bet size due to your bankroll.
There are lots of other moments, but it is just an idea how to play for profit.

It's high curiosity and expectancy to win big that makes a lot of people follow the journey of no return, which is getting addicted. The fact is that everyone who gambles always have a big dream of hitting the jackpot and this increase the demand to gamble more to increase the chances of win, and it eventually become uncontrollable. But however control measures need to be set up to limit the level or amount of gambling.

That will be a risk in the highest order. I guess such risk will lost a thousand times to get a single win.

personally, I'd choose the slow and steady, while it is tempting to take your chance on a big parlay and win a big amount in one hit, the chance of winning it is basically like betting on a lottery.

I am saying this not just for people who do sports betting but also for people who like to play casino games. the "better approach" is always what works for you and makes you comfortable.

I think I would rather to go for the slow and steady path. I don't know why, but I always like to have the sensation I have a minimum of a chance to come out victorious of those sportbets in which I participate, going for such high multipliers it could perfectly mean I would never score a single win during the whole season and could be wasting my money. Sure, going for reasonable odds means one needs to keep certain level of consistency with bets, otherwise bad luck streaks can rapidly drain our bankroll.

Also, we need to keep in mind one's changes in either case increase of one is very familiar and knows the sport one is betting on. It would not be the same for me to bet on football matches than doing the same on basketball matches, the latter I don't know anything about.

You want to use $20 to win $10000? If the gambling site that you choose sees this, the gambling site will be very happy. Do you know the reason the gambling site will be very happy? It is because the gambling site has seen another 99.999999999% chance to win another $20 which a gambler is about to lose.

The goal is to "win" or to "get" $10,000?

If to win, I will go for x5,000 odds, who cares even it sounds impossible, because my goal is to hit the jackpot and I don't mind to wait.

If to get, I will choose neither of them, I will make money and invest, I'm sure after few months or even years, I will make it. There's no guarantee in gambling I will get such amount because it's all about luck and the house always win.

There's nothing really consistent about gambling - if someone tells you he can be consistent by betting as much as $2 per day on parlays, I think he's lying. Gamblers quite often lose consistency in their initial plans - whatever the game, they are often tempted by other, more profitable options. I'm not even sure someone could bet every game for an entire season without changing their gambling style.

- I mean who want losing game right hahah unless you do gamble for fun that most of the rich people doing haha
- If your on luck you can easy win the game I mean is there odds x5000 on a single game that insane if there are real odds like that and more crazy if you win 10K from the 2 USD that is true jackpot haha
- if you have win rate like 55-60% I would go to slow and steady game rather than using lump sump strategy I mean stable income is always better right

I have never won a parlay with a big odds, so I did not consider such a strategy for myself, I thought that it is better to make small bets with a more realistic odds, but even in this approach there are many losing bets. I can't even imagine how many events need to be added to the parlay to reach x5000, most likely more than ten, if with odds of 2 and if lower, then even more.

I would like to know how many people won such bets.

It's not easy to win 500 times especially with a bet of $20 per match this is quite hard even though you say there are ups and downs of this win still I say it's hard.

Continue with low stakes but the x5000 odds are the same... You have to put a lot of matches into the parlay hoping for luck to come, never in my life have I come across x5000 odds in sports betting... So if this is an option then it is better to bet with 1 match that will be easier to control to see the chances of winning.

500 wins in a single season, if we should include the loses then i suppose making such amount is impossible.

Sharing $2 into X5000 odds is likely impossible to make the $10K, if you may want to keep the huge parlay then can reduce to about X100, if well accumulated then making your first $200 is a good start, from here you can actually start with some rollovers, monitor the risk and understand when and on which specific game to gamble on.

Take it slow. You don't have to bet for all the 10 or 15 matches because with this,  you roll a higher risk of losing.

While you can always just parlay 3 or five matches that you can easily think, these teams are sure to win due to the odds given by the bookmakers and most of the speculators you see online are telling their prediction so.

Before the year started, I had the same questions about my sportsbetting gambling activity. Should I stick to low-odds bets with small but consistent wins or go for high-odds parlays? Up until now, I’ve mostly chosen high odds combo or parlay bets. I tend to be impatient and in the end the parlay usually loses.

I’d like to bet on low odds, but I can’t seem to stop myself from placing high odds parlays. I saw on Twitter that some low odds combo bets reached 2000x payout win.

If you ask me, I’d prefer low odds bets with small but steady wins because high odds parlays are really difficult to hit—unless your combo consists only of low odds selections.

To get x5000 puts a lot of risk in your parlay. I will not do that. I'd rather make that kind of bet for fun but I won't expect too much. Also, it could be ruined by the cashout option if suddenly it opens up and gives you a chance to pull it back with some profits. Still, I don't recommend doing this because there's too little of a chance to make it win everything. Some even make just 4 leg parlays and cannot still win it.
I'd rather go with that long way and just enjoy watching the games that I bet for. It's not like I am in a rush to make such an amount.

Let's go to the shortcut...

To party, you need to hit a parlay. 

I don't know much about sports betting but it seems to me that the probability of you hitting the 500 times is close to 0.


I don't see much difference, for me it's as if you were asking which is better: whether to buy 500 lottery tickets in one day or over 500 days.

We all want to win in gambling that’s why we keep coming back. Whether we win or lose, we return hoping to hit that next big win. But over time, it becomes a habit, as even when we win, we don’t stop, meaning we’re probably still not satisfied with our winnings.

Let’s make it realistic with some numbers here...

Maybe let's say your goal is to win $10,000 in a single season of a sport and you only bet $20 per game..
so to reach that goal, you’d need to win 500 times. But in reality, there are ups and downs that might make you lose focus, go on a bad streak, and eventually lose more than expected.

Now, what if instead of betting consistently, you just bet $2 per day on a parlay with x5000 odds? If luck is on your side, you’d cash out $10,000 in a single hit.

So what’s the better approach? Bet small and aim for a huge parlay, or take it slow and steady?