Is capping your job?
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MDSBR Hall of Famer
- 01-31-12
- 9728
#106Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#10840% profit for year is such a tiny figure. Achieving a 300-400% bankroll growth should be easily doable for a winning sports bettor in almost any field, assuming no take out, and assuming we haven't reached a point where max bets become a problem.
You're not understanding the concept of compounding.
Are you seriously suggesting such a magical person exists, that caps every major event MMA fight, a thousand fights that is. One thousand fights a year that's even available to bet on, pretty much. Every single fight there ever is thats pretty much bettable... and makes a 40k net profit with a 100k bank roll? I don't really even understand why such an absurdity should even be dissected here.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#111I do, but for a thousand fights it is a fantastic and completely fabricated claim. It's pretty fantastic even if you were to bet every sport there is.
Are you seriously suggesting such a magical person exists, that caps every major event MMA fight, a thousand fights that is. One thousand fights a year that's even available to bet on, pretty much. Every single fight there ever is thats pretty much bettable... and makes a 40k net profit with a 100k bank roll? I don't really even understand why such an absurdity should even be dissected here.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#112Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#113To be honest I'd find even that pretty absurd, but I want to make it clear that I do not mean this as dishonesty on your behalf, nor am I even trying to dispute this claim. What I do want to say though is, that this is a very very rare exception if true, and with you I might believe it, but not with almost 100% of posters here. Majority of posters here are losers nevertheless.
Good job fwiwComment -
DSSCASBR Sharp
- 03-07-12
- 454
#114Isn't ROI calculated by: return on investment(%) = Net profit / Investment × 100? Or am I missing something?Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
-
NunyaBidnessSBR Hall of Famer
- 07-26-09
- 9345
#116Are you seriously suggesting such a magical person exists, that caps every major event MMA fight, a thousand fights that is. One thousand fights a year that's even available to bet on, pretty much. Every single fight there ever is thats pretty much bettable... and makes a 40k net profit with a 100k bank roll? I don't really even understand why such an absurdity should even be dissected here.
What if a book gives me a line of -150 that should be literally -50000? How big of an edge is that? I am not talking about handicapping, mind you, simply off numbers.Comment -
NunyaBidnessSBR Hall of Famer
- 07-26-09
- 9345
#117To be honest I'd find even that pretty absurd, but I want to make it clear that I do not mean this as dishonesty on your behalf, nor am I even trying to dispute this claim. What I do want to say though is, that this is a very very rare exception if true, and with you I might believe it, but not with almost 100% of posters here. Majority of posters here are losers nevertheless.
Good job fwiwComment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#119I don't think you understand the edges that are available. If I bet a line at +900 and it closes at +300, do you realize how big of an edge that is? Do you understand how often these show up?
What if a book gives me a line of -150 that should be literally -50000? How big of an edge is that? I am not talking about handicapping, mind you, simply off numbers.
In a thousand fights? Again, if this estimation is close (I think it is, it's probably even upscaled), a thousand fights "available". With of course, you always getting the edge and not the other way around? Again, not suggesting you aren't skilled in what you do.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#120I think I broke him guys. I bullied him so much that he's turtled up and is just repeating "idiot, liar" over and over again while hoping I go away.Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
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DSSCASBR Sharp
- 03-07-12
- 454
#124I always thought if I had $100 and had a net profit of $40, wouldn't that be 40% return? Given the formula I posted of return on investment (%) = Net profit / Investment × 100. Am I missing something? I feel like maybe I am not taking into account the lines? I will 100% be the first person to say that I am probably the worst at math on this whole forum, lol. Real talk. If I am wrong I would love to not keep making this mistake. Lol,
I appreciate any help! Thanks guys.Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#125I always thought if I had $100 and had a net profit of $40, wouldn't that be 40% return? Given the formula I posted of return on investment (%) = Net profit / Investment × 100. Am I missing something? I feel like maybe I am not taking into account the lines? I will 100% be the first person to say that I am probably the worst at math on this whole forum, lol. Real talk. If I am wrong I would love to not keep making this mistake. Lol,
I appreciate any help! Thanks guys.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#126I always thought if I had $100 and had a net profit of $40, wouldn't that be 40% return? Given the formula I posted of return on investment (%) = Net profit / Investment × 100. Am I missing something? I feel like maybe I am not taking into account the lines? I will 100% be the first person to say that I am probably the worst at math on this whole forum, lol. Real talk. If I am wrong I would love to not keep making this mistake. Lol,
I appreciate any help! Thanks guys.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#128Comment -
NunyaBidnessSBR Hall of Famer
- 07-26-09
- 9345
#129To answer DSSCA, ROI isn't that great of a concept for sportsbetting. Expected and actual growth are.
MD is a poker player, so he's stuck in the ROI model that many SNG players are.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#131
I don't even keep track of my ROI.Comment -
DSSCASBR Sharp
- 03-07-12
- 454
#132Thanks for the PM MD. Appreciated brotha!Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#133Comment -
NunyaBidnessSBR Hall of Famer
- 07-26-09
- 9345
#134
You can optimize your ROI by only betting high edge situations. However, you optimize bankroll growth by betting all +EV/EG situations.
For the same reason that 7/11 would rather sell you a 64oz slurpee for 2 cents profit per ounce than a 16oz slurpee for 3 cents profit per ounce.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#135Not like it was an IRS investigation, I guess I could have taken a serious reply at face value just like I did with Nunya. I think I'd have taken it at face value. Then again in retrospect honesty doesn't seem to be your thing Mr.Walters so I guess it doesn't even matter if you don't want to lie some more.Comment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#137so you're saying if you have a grillion bazillion dollar bankroll you can make a living out of things? You can make a living by guessing the mega millions winner lines on 5dimes if that's the case.
now, "making a living" is kind of subjective like suggested before, but no I don't think there are people that will make ...say, 40 thousand dollars a year by playing MMA alone.
Do whatever you have to do to pretend to be a big baller to all the little boys and keep dreaming of fantastic returns unattainable for close to a 100% of this forum base if it gets your rocks off snookumsComment -
The iron sheikSBR MVP
- 01-17-13
- 1105
#138also I didn't really follow up on nunya on what his figure is composed off, what his BR is, and does that figure mean MMA alone. The reason for me being skeptical about this is because of the volume of events.
Nevertheless, nothing wrong with the figure he posted or his explanation(s) of it. Because like said, it's not an IRS investigation and I still maintain it's an exception, but he's one of the posters that I would believe saying that.Comment -
MDSBR Hall of Famer
- 01-31-12
- 9728
#139Well, this is the post you found hilarious for some reason. It was followed by me asking you do you know anyone that makes 40k a year, but I guess you were too busy being an asshole and dodging the obvious reply (=no I don't make 40k a year and I don't know anyone that does really, except perhaps for someone that posted in this thread after me). I also said in the reply after that I don't want exact figures, and that poyasophy does not need to apply (because he is an obvious air bettor and dishonest)
Do whatever you have to do to pretend to be a big baller to all the little boys and keep dreaming of fantastic returns unattainable for close to a 100% of this forum base if it gets your rocks off snookums
Is this the part where we just quote random things the other guy says that have nothing to do with anything and act as if they're relevant? You made a post where you said English isn't your native language! Ha! I proved you wrong again!Comment -
NunyaBidnessSBR Hall of Famer
- 07-26-09
- 9345
#140
I'm not disclosing my bankroll; but I will admit I did not build it betting MMA. According to Gabe, I built it killing my mother.Comment
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