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$40 Starting Bankroll
hello everyone. i would like to start betting on sports games. and would like to build this bankroll to around $250-300$ before the NFL season starts. my question is how much should i bet per game with this starting bankroll. and how many games a day should i bet on, until i build my bank roll higher. thanks -TB
Hope this one helps.
"Let’s say your unit wager is $11, which is usually the minimum bet. That’s your starting amount for any bet. A safe rule of thumb says don’t risk anymore than 5% of your bankroll. To make an $11 following that rule, you’ll need a minimum bankroll of $250.
But that size bankroll gives you very little leeway for loses. What you want is a bankroll of anywhere from $560 to $1,000. That would give you a minimum of 50 wagers. That’s a decent amount of wiggle room for miscues and bad runs.
The first week limit yourself to five bets all at the minimum. No parlays, no props, nothing fancy. Start to expand your wagering as you win. The next week wager on five to seven games but keep all wagers at the minimum.
The third week, if you’ve broken even or won some money over the first two weeks, you may up your wagers. Once again, never betting more than 5% of your bankroll and never more than three units." - NFL Betting.Net
Really don't know much about NFL betting but guess this is something. Hopefully!
You want to make 6x your money. First, you must realize that you will be lucky to break even. Your goal is to make 6x your money in roughly four months. Presumably, that's when you will really start winning!
The best way to turn $40 into $250 is to save your money until you get to $250 which should be really easy as you will only need to save about $50 per month.
If you want to bet $40, it is pretty much impossible. But you could do it quickly by betting the $40 and winning and then betting the winning on another bet and willing 3 in a row. That's the most realistic way. If it doesn't work out, you can try saving $50 per month. You will not be down all that much.
The smart way for you to bet is to assume yourself a coinflipper and bet roughly 1% per game. Once you have doubled your money, you start to consider that you might be good at this betting thing and think about increasing that number to 2%.
Find yourself a good 100% bonus for your deposit and you will help yourself out some.
Sorry didn't mean to highjack your post but I have a few questions myself.
Currently I do not have an X amount as a bankroll lets say I set aside $1000.
1% each bet would = $10
Is that risk $10 or to win $10?
If I win do I keep doubling that to 20 each bet?
And what if I lose do I double down?
Thanks
Yes, at $1,000 you want to bet $11 per game to win $10. If you feel really strongly about a game, you can bet up to 5%. But you want your standard bet to be 1.1% and it's best to flat bet.
If you get your money up to $2,000, you would start betting $22. After you've made hundreds of bets, you might think about increasing your average bet to 2.2%.
Make your max bet 5% and your standard bet 1% and you will be playing it smart. If you win, you can compound your money forever and turn $1,000 into a million. If you lose, it's gone and never coming back and then you are at best just going to try to break even.
Oops. Forgot the doubling down. You never double down because you are losing. EVER. If you are a skillful bettor, you assume you are losing because of bad luck and it will turn around and you will eventually go back to winning and things will even out and you will win in the long term. If you are a losing bettor, doubling down makes you go broke that much faster.
When the money runs out, it means you are no good at sports betting and are not going to be and you stop.
If you get down 60% or so, maybe you think about pursuing the Martingale strategy of doubling down and getting back to even or going bust. At that point, you might as well give it a shot and then go back to standard betting if the gambling gods smile upon your Martingale bets.
Last edited by Buffalo Nickle; 05-13-15 at 11:26 AM.
Thanks so much.
One more question, what if the juice for that game is pretty high? like for instance -200 or even -150 it'll take either 20 dollars to win 10or 15?
And that's fine? or do you play stuff with low juice?
Yes, you still bet the same even at greater juice. You bet $11 at -150 or -200. You will not win as much but you have less risk because you are betting a heavy favorite.Originally Posted by DChan88
Thanks!!!
I will start this next week.
I usually just bet how much everrr and have lost quite a bit
Yeah. You need a plan. Decide how much you are willing to lose and how much to bet and proceed according to plan and don't get fooled by a good or bad run. Bet your games and let the chips fall where they may. If you are a good bettor, you will win in the long term. If not, you will at least limit your losses and still have some fun along the way.
so how many games should i bet a day until i build my bankroll up?
Only as many as you think you can win. The fewer the better. There is no formula that will get you where you want to go. All you can do is bet games where you feel the line is wrong and you are likely to win. You bet those lines and if you win more than you lose, you win. If you coinflip, you lose.
Going 1-0 is better than going 4-3. Try to keep your bets as strong as possible.
Last edited by Buffalo Nickle; 05-13-15 at 10:12 PM.
I dont think the Martingale stategy is good even if you are down 60 percent of your bankroll. What I think is a far more effective stategy is to bet 50 percent of your remaining bankroll on plays and if you win the bets get bigger and if you lose they keep getting smaller but a four five game winning streak can really boost your bankroll at that point. I find this stategy a lot more effective than martingale.
I'm not even very familiar with Martingale betting. I just kind of threw that out there to describe any kind of desperate strategy of betting bigger to get even. I just provided that opinion that you should avoid that type of betting until you are way down. At that point, all hope is pretty much lost but you may get back to even by getting a little crazy. I think at that point it's OK to try desperate measures. The chances of it working out are probably better than trying to bet your way back up to even with your standard betting strategy and at that point you might as well give it a try. Because if you are going to get back up, you are going to have to start winning and you might as well get some bang for your buck.
Best chance would be to pick up a part time gig until the fall! I mean 5% would be a $2 bet on a $40 roll. Without increasing that bet size you would need to be well above +100 units to achieve your goals. Very unrealistic if you ask me. You barely have 100 days before the season starts.
good luck
I am with aje.
If you want viable bankroll for football, a part time job or just putting $10 - $20 a week in the piggy bank will get you close to where you want to be.
Agree... U need to save more $$.
I forgot to mention that most books don't take deposits less than $100. I also believe that's the minimum payout.
Good luck! Money management is the key to making a profit
have patience. don't chase. and DO go big when you deem it necessary.
40 dollars LMAO
go get a job kid. this game aint for you.
lol don't bash we all gotta starts somewhere right?
I agree with min deposit and withdraw at 100$
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