Need help from experienced people

[Mr.MonzZz]

Hey Guys,
Im 19 years old and I study at the moment. I like betting very much and I have decided to take it to the next level. A lot of people in here bets huge amounts of money, I obviously can't afford this because I have no income. I have never been playing only single matches before which is the thing I would like to do from now on. In other words.. I used to piss all my money away in the long run cuz doubles and triples never last.

I need help from experienced people to get my thing going. I am a great capper, but I have no idea how to manage my bankroll. You like playing with units or just same units on every game? I have 400 dollars available on my bankroll.

I was hoping that I could earn something close to 150 dollars each month. I appreciate any help I can get.

[stevenash]

Rule of thumb is your average bet you be about one or 1.5% of your bankroll.

You have 400, I suggest your average flat bet should be 5 dollars per game.
Go 10 dollar (2*) if you are strong on a play.

If you have early success, press your flat bets up to 7 dollars a game.

Never go all in on one game, don't chase losses, in baseball it's wise not to lay more than 9:5.

[Mr.MonzZz]

Thanks mate..
Even though single betting is proven to be the best in the long run. There is something I do not understand. I usually play odds between 1.5-2.0.. If I bet 5 dollars on three games each odds 1.5.. I have to hit all of them to make profit. If I only hit 2 I will just have 0 $ at the end of the day. There will be a world way III before I reach 150 $ in profit.

[Juret]

Probabilities and Expected value. Start from the beginning, as I did.

[illfuuptn]

Hey Guys,
Im 19 years old and I study at the moment. I like betting very much and I have decided to take it to the next level. A lot of people in here bets huge amounts of money, I obviously can't afford this because I have no income. I have never been playing only single matches before which is the thing I would like to do from now on. In other words.. I used to piss all my money away in the long run cuz doubles and triples never last.

I need help from experienced people to get my thing going. I am a great capper, but I have no idea how to manage my bankroll. You like playing with units or just same units on every game? I have 400 dollars available on my bankroll.

I was hoping that I could earn something close to 150 dollars each month. I appreciate any help I can get.

you are not

[Maverick22]

you are not

Note To Self, Mr.MonzZz Just got served.

[jgilmartin]

As Juret mentioned, you need to learn how implied probabilities work. 1.5 (a.k.a -200) has an implied probability of 66.66% (which also means if all of your bets are at 1.5, you need to win 66.66% of them to break even), so yes, your example above makes sense.

1. Make an estimate of the probability of each outcome (ex. Team A -1.5, 55%. Team B +1.5, 45%). Obviously the way you make such a determination dictates the likelihood of profit.

2. Convert the probabilities to fair odds here: http://www.sbrforum.com/betting-tools/odds-converter/ - subtract a few percent from your probability estimation before entering.

3. Only make bets with better odds than those listed after you convert the % to decimal odds.

[Rich Boy]

Read ganchrows threads on expected value and expected growth.

Dont just scroll through it, read it and understand it completely.

After that, make small plays and see if you can turn a profit after a sample of 1000-2000 wagers. If you are up at that point, you have a chance of making it long term.

[High3rEl3m3nt]

the best advice is to just concentrate on school, get your degree, and get into this after you have a steady income coming in.

[Masu485]

the best advice is to just concentrate on school, get your degree, and get into this after you have a steady income coming in.

This is actually great advice.

[warriorfan707]

dont bet 5 dollars a game, thats retarded, you will not get anywhere trust me, lets say you go 8-3. You win 23.50.

pick your spots and hammer them

If you are a great capper like you say it shouldnt be that hard

betting 5 bucks a game is a waste of time, youd be better off gathering aluminum

[mikeanite]

most ppl on here will tell you to scrap for pennies and if you pm them, they'll just ignore you.

[onlooker]

the best advice is to just concentrate on school, get your degree, and get into this after you have a steady income coming in.

The emotional roller coaster of gambling will cloud your studying for school.

[GunShard]

#1. Money management is extremely important. Use a money management system and stick with it religiously. Give yourself a limit per week and know when to quit. You should be using 1% of your bankroll for each bet.

You don't have enough money. With $400 you could only make very small bets per game, you can make money but you cannot live off of it.

[warriorfan707]

You cant even make money using "proper br management" with a 400$ roll

even if he went on an insane run he would gain what? 40 bucks?

waste of time and effort

pick your spots and hammer them Im telling you, build aroll, THEN USE PROPER BR MANAGEMENT

I deposited 200 into betislands a week ago, I turned it into 2300

If you are a great capper as you say, you should be able to do it too

[Mr.MonzZz]

Hey warrior, I totally agree, to sum up you think I should bet 100 dollars on a single game, which I have been studying for a long time?

[That Foreign Guy]

Last year I had precisely 1 bet (out of over 13,000) where fully Kelly would have been 25% of bankroll. That was Dallas to win the series vs the Lakers when they were 3-0 up, I got it at -300 when fair price was -1000 because I knew one bookie who was desperate to balance action.

If you think you can get that kind of an edge on a single game even if you've been studying it for "a long time" you're an idiot.

[stevenash]

dont bet 5 dollars a game, thats retarded, you will not get anywhere trust me, lets say you go 8-3. You win 23.50.

pick your spots and hammer them

If you are a great capper like you say it shouldnt be that hard

betting 5 bucks a game is a waste of time, youd be better off gathering aluminum

Proper management says 1 percent of your bankroll.

[Inspirited]

Not really

[subs]

to build a roll...bonus bonus bonus. chase every bonus there is. this will help u to get organised so when u do have a bit more of a roll u can pick up whatever soft numbers there r.

+ whatever TFG said. don't take it personally, u need thick skin in gambling forums. often the people that r the most helpful have answered the same stupid questions so often, and r annoyed that people don't search for their own answers. (this has been covered 100s of times).

if u over bet by 2X kelly stake u will eventually go busto 100% of the time according to ganchrow, 1 of the legends of this forum. i suggest reading everything he wrote and making up ur own mind.

+ don't fool urself, ur chances (and mine) of out-capping the top lines makers in a big market (something u r likely to be watching) + giving them the advantage of the vig, over a long period is basically 0.

why would u think u can beat them?

[BroDog73]

dont bet 5 dollars a game, thats retarded, you will not get anywhere trust me, lets say you go 8-3. You win 23.50. pick your spots and hammer them If you are a great capper like you say it shouldnt be that hard betting 5 bucks a game is a waste of time, youd be better off gathering aluminum

This is why this kid is a degenerate gambler and loses his bankroll more times than his mom loses her memory of what happened the night before!

[wiffle]

Proper management says 1 percent of your bankroll.

lolololol

[Don_C]

My best advice to you: real handicappers dont use star units. A true sports betting investor, is called a grinder. You research matchups all day and find as many "overlays" as you possible can on every card, and you bet 1-3 % of your bankroll at the very most! Personally, I only play 1%. Note: if you do not find an overlay, do not invest on that day. Patience is a virtue. Good Luck!

[chemicalbrother]

there's 2 ways to go about this: gambling, and the right way.

the right way is boring, a complete grind and the only people who can even do it are very disciplined people.

the gambling way is to wildly change how much you're betting, bet 20/30/40 even 50% of your bankroll on 1 game, 70 units chasing on Georgia Southern, etc.

thing is, gambling like that, sometimes you ARE gonna hit that big score that you can't using proper bankroll strategy. it's going to feel really good to double your money. but then, you're going to chase that feeling over and over again until inevitably, you lose everything. you won't ever be able to go back to betting 1% on a game because just last month you were betting 50% and winning..

ignore anyone who tells you anything other than betting 1-2% of your bankroll on a game is the way to go. especially as a beginning.

[stevenash]

ignore anyone who tells you anything other than betting 1-2% of your bankroll on a game is the way to go. especially as a beginning.

t/y

Been doing this sports wagering thing since I was 16, that's what my father taught me.
I posted up with 1000 dollars 7 or 8 years ago at 5Dimes, ground that up to 2800 betting 10 to 25 dollars a game, sure I take 100 dollar shots, but only on a heater.

[That Foreign Guy]

1) Congrats on a good run.
2) Get more places to bet.

[wiffle]

almost everyone itt should flat bet and everyone should bet kelly

[stevenash]

2) Get more places to bet.

I got DSI, that was funded on a contest I won a few years ago, got Book Maker also, should add more to BM though, I like that book, but I like the reduced juice at 5D, so they are primary,