1. #36
    hsjmoney
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    if you increase just 5% every month. u'll be rich in notime

  2. #37
    Dark Horse
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    A 2% profit per month translates into > 25% over a year. That is good by any standard, and excellent for Wall Street. It also means that you can't live off sports betting unless you have a substantial bankroll.

    To build a bankroll from scratch at that rate is more difficult. Ideally, you would have other investments. One of the easiest ways to turn a profit is through buying and selling houses. Especially in today's market there are opportunities that you may not see again for a long time. It may not be as interesting as sports betting, but it will increase your value/BR in big chunks.
    Last edited by Dark Horse; 09-27-10 at 06:40 PM.
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  3. #38
    statictheory
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    [quote=Dark Horse;6583003]A 2% profit per month translates into > 25% over a year. That is good by any standard, and excellent for Wall Street. It also means that you can't live off sports betting unless you have a substantial bankroll.

    You have to differentiate between funds that trade the public"s money, market averages, and the pros who trade their own money. Pros who trade their own money make significantly more than that number. Use a sports betting benchmark and not some general statement regarding wall street.
    Unless Im mistaken sports betting pros trade their own money and not part of some fund.
    And since the top 25 hedge fund mgrs made over a billion a piece last year, I guess
    you need to narrow your statement further.

  4. #39
    JayTrotter
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    Expect to win. Forget what other people do, focus on what you do.

    Have goals, weekly, monthly, yearly. Figure out your strategy, and figure out your time frame. There are no right answers. Do not limit yourself by others expectations and standards..

    Good luck.
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  5. #40
    Miz
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    Read up on Ganch's posts concerning maximizing expected growth.

  6. #41
    cala56
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    Deposti all your savings, and bet 2% in each play, and you will see more money. GOOD LUCK

  7. #42
    thechaoz
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    No need for niceness. Not sure what serious sports bettor doesn't track every play/every sport and know what realistic expectations are. I am a casually gambler, won a decent amount tailing good MLB cappers and getting in a few good lines during the year. I am trying to learn and get better, and treat it as a business. I am very very far from knowing it all, and admit as such.

    With good results, a $50 unit can become much more in the future, but I will have the skills and understanding to continu to be profitable. Perhaps some more experienced posters could chime in the thread without bashing. Understand OP, you need to keep excel sheets and track everything. I mean everything if you are ever to be a serious gambler

  8. #43
    frankbettor
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    Good god this thread is littered with shit.

    First, if you are just learning bankroll/money management, why on God's green earth would you ask what the pro's do? You're not a pro, so don't bet like one.

    Second, what is your objective? How people can give you advice here without knowing what your intentions or goals are is hilarious.

    My advice is simple: bet what you are not afraid to lose. If that is 100%, then bet it all.

    Learn how to pick winners first. Learn bankroll management after that.

  9. #44
    craigpb
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    Try to win what is realistic and bet with whatever you are comfortable with.

  10. #45
    That Foreign Guy
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    Bet the lowest amount of the following:

    Kelly fraction of your bankroll, what you have available to bet, what you can afford to lose, what you are comfortable losing.

    The rest will take care of itself.

  11. #46
    andysinvestment
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    I personally make anywhere from 5% to 25% return on my entire bankroll each month. Occasionally (less than once a year) I will have a losing month. This percentage depends on the ever-changing, dynamic sporting world. Sometimes there are a lot of bets that I like, sometimes there aren't hardly any.

  12. #47
    Peregrine Stoop
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    2-3% seems realistic on the bets alone. The rest will come from bonuses and whatnot. That will be a rather larger pct for low-medium bankrolls and a very small pct (though more absolute dollars) for large bankrolls.

  13. #48
    uva3021
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    The way the question was presented by OP, and the majority of the answers, are approaching the issue from a skewed perspective. To try to reify a per monthly expectation of growth is unrealistic. Growth, or lack thereof, does not move at a gradual and continuous rate. Growth, or loss, is more punctuated than graduated, and the majority of bankroll is saturated with streaks to either extreme. I would say not only month to month, but year to year there is a punctuated equilibrium, meaning the position for which you increase or decrease unit size fluctuates. Typically, from my experience, a bettor may have a stretch of wagers, possibly stretching around one year, where they are either EV or less, yet the very next day win 50 units on a 100/1 future wager at half unit. Now they can spin that as showing 4% monthly growth, but all they did was stick around long enough to hit a long shot.

    Not many people can even last a year with a bankroll before it deteriorates, then having to wait until a few paychecks later before they redeposit into sportsbook.com. In my opinion, just try to endure an entire year of betting, constraining bet sizes to 1-2%, then see where you are at the end of the year.

  14. #49
    Peep
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    I am not sure setting goals is even a worthwhile endeavor.

    I find betting to be volitile. I have had months where my total bankroll has been up 20%, and months where my total bankroll has been down 20%. NOT the amount bet, but my total bankroll.

    And this is based on only 2% of bankroll bet on any one event.

    Reason I say goals are not worthwhile is it is too easy to think you are a F'ing genius during your winning months and a F'ing idiot during your losing months if you compare it to "goals".

    Make your bets all as smart as you can, and let the chips fall where they may. The growth will take care of itself if you are betting good things.

  15. #50
    Jive
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    Normally I would say a person not making goals in any endeavor is a fool, but in this case I think Peep is right. Goals for a neophyte in gambling are dangerous, IMO. People tend to get ahead of goals and gamble away some (or all) of their gains on unwise wagers, or they get behind on their goals and chase.

    Not having goals is different than not seeing where you stand. Personally, I keep a running tally of the previous 100 wagers of each type and sport. I constantly re-evaluate to see if I am doing well in a certain area or struggling in another. If I am sucking up the joint betting college football, I will try to figure out why, and in the mean time cut my wagers down. If I am doing great in NBA team totals, I will focus on them a little more and increase my wager amounts on them.

    Here is a goal: Find out what you are good at, and focus on it. Find out what you are weak at and try to get better, but in the mean time limit your risk in those areas by placing fewer wagers for smaller amounts. I would worry that if you have a goal of a 10% increase and you aren't making that goal, that you will chase and end up out of the game totally, or much worse.

  16. #51
    durito
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    I make my goals in volume.

    I guess that means I had a successful october though my bankroll would suggest otherwise.

  17. #52
    CFA
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    ROI doesn't mean much when you do not include turnover into the assessment.

  18. #53
    prop
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    I'm now less intelligent after reading the first page of this thread, though I was amused there were attempts to answer OP's vague question.

    Might as well have just picked a numbered.
    7.4103124269210325885801166060283e+462% seems about right to me.

  19. #54
    That Foreign Guy
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    I set my goals based on time. If I spend 10 hours a week finding and placing +EV bets then the week and 10 hours a week working on improving my skills (whether that's analysing past bets or learning new software features or whatever) then the week was a success (I have a real job and an active social life, so this is actually pretty tough).

    I like it when my bankroll goes up, but ultimately that's beyond my short term control.

  20. #55
    tommygun
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    this thread is absolute s.h.i.t

  21. #56
    stefan084
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    Quote Originally Posted by tommygun View Post
    this thread is absolute s.h.i.t
    why did u take the time to answer it then?

  22. #57
    stefan084
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    thanks to all that gave advice--to the one poster,no i'm obviously not a pro but if i don't try to understand the basic concepts i'll never even have a chance to be successful

  23. #58
    Peregrine Stoop
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    Quote Originally Posted by Peep View Post
    I am not sure setting goals is even a worthwhile endeavor. I find betting to be volitile. I have had months where my total bankroll has been up 20%, and months where my total bankroll has been down 20%. NOT the amount bet, but my total bankroll. And this is based on only 2% of bankroll bet on any one event. Reason I say goals are not worthwhile is it is too easy to think you are a F'ing genius during your winning months and a F'ing idiot during your losing months if you compare it to "goals". Make your bets all as smart as you can, and let the chips fall where they may. The growth will take care of itself if you are betting good things.
    these two things are quite contradictory

    you're only hurting yourself

  24. #59
    Nevada
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    I aim for 10% profit per month... say I started with 1000, in a month I would hope to have 1100... this is by betting 2% of my bankroll per bet. I hope this helps
    Last edited by Nevada; 11-10-10 at 11:23 PM. Reason: spelling

  25. #60
    Peregrine Stoop
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    Quote Originally Posted by Nevada View Post
    I aim for 10% profit per month... say I started with 1000, in a month I would hope to have 1100... this is by betting 2% of my bankroll per bet. I hope this helps
    again, why bet 2% per bet?
    surely, every game you bet cannot have the same edge.

  26. #61
    That Foreign Guy
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    I bet pi % of my bankroll on totals but only Euler's number on sides because they are more accurate.

    I aim for Fibbonaci series growth in my last 5 month's moving average rate of change in my ROI (calculated as double my winnings divided by funds risked plus current bankroll). If I am growing too fast I deliberately try to lose as I don't want to be due a bad streak next month.

  27. #62
    tommygun
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    Quote Originally Posted by tommygun View Post
    this thread is absolute s.h.i.t
    The thread headline caught my eye, the responses i see in here did not. Thus telling you it was s.h.i.t.

  28. #63
    The Investor
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    i have a computer program for ML dogs that can make you (+15% or better) monthly... includes mlb, nhl and the nba..

  29. #64
    Nevada
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    Quote Originally Posted by Peregrine Stoop View Post
    again, why bet 2% per bet?
    surely, every game you bet cannot have the same edge.


    I do the even 2% so that the bets increase on a hot streak and decrease on a cold streak... I also cant hit a higher percentage of game where I "know" is more likely to win... so I don't increase/decrease based on the strength how likely the bet will win.

  30. #65
    Peeig
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    Quote Originally Posted by durito View Post
    I make my goals in volume.

    I guess that means I had a successful october though my bankroll would suggest otherwise.
    Agreed...........I think setting bonus goals are also reasonable.........should always bend over to pick up the free mobniez

  31. #66
    eonizuka
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    Goals are fine so long as you aren't changing your bets in order to meet goals each month. For instance, lets say you need to win $1000 to meet your goal but you usally only bet $50 units. You don't want to all of the sudden make a huge bet to try and hit the goal. On the flip side if you've made your goal for the month but there are two games that you feel you have the edge, you shouldn't not bet your normal amount just because "oh if I lose I won't make my goal."

    Some times when people set goals they end up trying to manufacture a winning streak by chasing loses and cutting back when they are ahead. By all means keep records but always remember to think long term and not let what happens in any one week or month get you off your game plan.

  32. #67
    Sawyer
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    Quote Originally Posted by sharpcat View Post
    This IMO is awful advice

    Realistically speaking I am happy to return 2% of my overall amount wagered per month and would be very happy if I saw a 5% profit. So if I wagered $100,000 in a month I would hope to see back $102,000-$105,000.

    I am starting to think BigDaddyQH is back.
    You misunderstood. You're talking about %2-5 Yield. I'm talking about increase in bankroll.

    Even for yield, %2-%3 is a low number. A good capper should be able to do %5-8 at least.

    Looks like other posters answered this question as well..
    Last edited by Sawyer; 11-12-10 at 12:53 PM.

  33. #68
    Sawyer
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    Quote Originally Posted by sneak-a-peak View Post
    After a few years of wagering I really don't like to look at it on a month to month basis because of the natural high and low swings that will take place thru the course of the entire year.

    I don't care what anyone says, you cannot win every single month year in and year out so obviously you're going to have a few months in the red. You of course just have to make sure the green months out weigh the red ones at the end of the year.

    With that said I am always happy with any return of above 20% at the end of the year. The more the merrier of course. Some may look at 20% and say that aint shit but the key is to be profitable. 20% is a great return for your money anywhere else in the world so why not sports wagering?
    You're right about month/year thing. 1 Month is too short. That's right, you cannot win every single month in a year. So looking on long term is a more realistic approach. Like "Quarter".

    Quote Originally Posted by brumbies View Post
    What a poor advice. I am not shocked though, coming from you. Didn't you advise taking a break during the all star game and not betting anything? Instead you went and created a thread on your Japanese baseball betting picks. Too funny.
    You don't have sense of humour. You should get your head examined if you took that pick seriously, LoL. Don't tell me you placed a bet on that pick. Looks like you were unable to understand my expression of how I missed baseball.

    Quote Originally Posted by Dark Horse View Post
    A 2% profit per month translates into > 25% over a year. That is good by any standard, and excellent for Wall Street. It also means that you can't live off sports betting unless you have a substantial bankroll.
    We can't compare Wall Street and Sports Betting. You should have a much better yield in betting so you can't compare it with stock exchange.

    %20 increase may sound amazing for a trader/broker but in sports betting, you can increase your bank %50-70 (maybe even higher) in a year if you have a good system, good money management skills and patience.

    If you increase your bank by %10 every month, it makes x3.13.
    But as I mentioned above, "month" is too short to make an evaluation. Try "Quarters".

    And if you make %2 per month, it's not a big succes in my book. How much you bet per game, %0.01? LoL.

    Making %100 in a month is not a big succes either. What matters most is the overall profit/increase youmade over the long haul. You can increase your bank by x6 in 2 months and lost it all in 2 days.

    Don't forget majority of betting public are not even able to make 1$ profit, yearly. Many bettors are losing year after year..
    Last edited by Sawyer; 11-12-10 at 12:56 PM.

  34. #69
    Firefox14
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    A far less-attractive, similar example is imagining one's bankroll at $1.00. With a 2-5% ROI, the bettor earns a whopping 2-5 cents per month; totaling 24-60 cents per year (bankroll grows to $1.24-$1.60). This may put the 2-5% theory into a better perspective. On the other hand, I'll take black over red anytime. BOL.
    Last edited by Firefox14; 11-12-10 at 05:28 PM.

  35. #70
    Tomahawk
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    I bet 1% and my goal is to get 50% a year, which is 4-5%/month, but it looks like it's not as easy as I thought.

    I have around -2% profit after placing almost 700 bets.

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