Turned 5k to 26k in Bookmaker. Keep going or cash out?

[Jayvegas420]

What’s a cash-out

[BuckyOne]

why not cash out 21k and turn the 5k into 26k again

Exactly, what popped into my mind when I read the thread title!

[golfholic]

What was the process of increasing the balance?

My process is fairly simple. Under 20k balance, bet size to win $500, over 20k, $600, over 30k, $700, etc.

[Runeblade]

My process is fairly simple. Under 20k balance, bet size to win $500, over 20k, $600, over 30k, $700, etc.

I mean, what sports do you bet on and how fast did you achieve your goals?

[golfholic]

7 posts "does this all the time" comes and asks us for advice

Ever heard of multiple accounts?

[TheMetsSuck]

Ever heard of multiple accounts?

Uh oh. Big mistake

[jjgold]

This kid a 1st class clown

[golfholic]

I won’t give details, but I had a very similar experience to you recently.

One thing I would definitely NOT do is reduce your bankroll size drastically, and the reason is not Bookmaker. From what I hear here and my experience they are solid.

The reason, as I’m sure you know, is you’ll limit your rate of growth. I’m assuming your average bet size is some % of your overall bankroll size. At 25k, you can run $1,000 bets at 5% of your bankroll. I don’t know your comfort level or your system, but I’m sure you do something similar.

What you want to do instead is GRADUAL withdrawal. For example, if you have 5, you set a goal. Every 4K you win, you withdraw 1k. You reach 9k, withdraw 1, are at 8. You hit 12, withdraw 1, are at 11. You hit 15, withdraw 1, are at 14. This allows you to slowly and gradually siphon out profits WITHOUT hurting your growth rate. The entire point is to grow the roll so that you can grow faster. At a 100k roll, you could run 1k bets (1% of your roll) quite comfortably and with low risk.

You can implement this strategy however you want, whatever ratio you want. If you want to withdraw 1k for every 3k you make, or withdraw 1k for every 5k you make, or withdraw 1k for every 10k, do whatever you’d like.

You also need to know your end goal or overall strategy. If you specialize in a certain sport and are much better in that one than others, you probably want to withdraw the roll or at least pause once the season is over.

If you are confident enough in your abilities to pick winners year round, then a standing bankroll should be your goal. Of course this is the ultimate goal and not easy. So know your end goal. In the beginning my rules are simple. Recoup the initial investment and build the roll. If I were you, I would recoup the initial investment AT LEAST right now. This puts your roll at 20k, brings your 5k back, and you have lost nothing theoretically. If from there you wish to siphon 1k for every 4-5k generated, that’s not a bad idea.

I will say that there is a point at which you probably reach optimal / maximum bankroll size, perhaps at 100-200k. At that point I think bankroll growth ceases to be as important, and the profit generated can be withdrawn as income. If you have 100k bankroll, and can bet 1k as 1%, you can probably make 1k a day, if not much more, assuming you’re decently capable. From that point on, it’s mostly just taking profits. This is generally how I see it. Of course this all assumes that everything goes correctly, which as we all know is never guaranteed in this business.

Thanks for sharing bro. You're right, I don't want to reduce my rate of growth. Should focus on gradual withdrawals. Aiming for 20k/month and don't want to cashout until I reach a certain threshold, which for me is at least 2x the initial balance. I think sports betting comes down to your confidence level in a certain play and I've been using valuable data to help me be successful to this point. Goal is get to 100k+ balance where each bet is to win $1000 to $2000. This allows me to narrow down my plays based on confidence and reduce volume/day.

I know you asked me what sports I bet on. 90% of my bets are on soccer with a little baseball, basketball, hockey, and rugby league mixed in.

[golfholic]

Uh oh. Big mistake

Lol

[golfholic]

BTW for those serious and want to actually have some insightful discussions on sports investing as I like to call it; I'm thinking of creating a discord chatroom for discussions daily and post plays. Thoughts and interests?

[golfholic]

I mean, what sports do you bet on and how fast did you achieve your goals?

Well, I've had a good run this time around - it took me less than 2 weeks. Usually it takes me about a month to grow my bankroll 5x. I bet mostly on soccer, a little baseball, basketball (wnba right now), and rugby league. Rugby league is almost automatic for me lol

[golfholic]

SHOCKINGLY no screenshot to provide any actual proof.
I actually believe him I'm cuz let's be honest 5K to 26K isn't all that impressive but what's so hard about posting the proof?

You want proof? lol I have no issues posting a screenshot here

[agendaman]

i will take all your action.

[Doug tushyterror]

You want proof? lol I have no issues posting a screenshot here

Totally up to you but that would at least give you credibility. Not that hard, all you have to do is cross out your account # kind of like this.

[teacher10]

Totally up to you but that would at least give you credibility. Not that hard, all you have to do is cross out your account # kind of like this.

[golfholic]

How do you make attachments?

[teacher10]

How do you make attachments?

Upload picture here - https://imgbb.com/

[golfholic]

Hmm...is there file size limit?

[golfholic]

[golfholic]

A couple bets pending but will continue to update on my progress

[Doug tushyterror]

Well done, like I said in my 1st post I did believe you but a picture is worth a 1000 words. (I notice you have a 3rd digit in the cents column, figured I was the only one with that annoying glitch)

[golfholic]

Well done, like I said in my 1st post I did believe you but a picture is worth a 1000 words. (I notice you have a 3rd digit in the cents column, figured I was the only one with that annoying glitch)

Yeah that third digit is annoying to look at.

[mngambler]

Cash out a lil and treat yourself to something, it's fun to get a big fat payout ;-)

[IMG][/IMG]

[golfholic]

Cash out a lil and treat yourself to something, it's fun to get a big fat payout ;-)

[IMG][/IMG]

[lonegambler23]

dont get greedy cash out alot of that.

[golfholic]

dont get greedy cash out alot of that.

Plan is to cash out half once I get to 40-50k before end of this month.

[lonegambler23]

Plan is to cash out half once I get to 40-50k before end of this month.

that plan may not plan out

[texhooper]

I said it at the very beginning she’s not gonna cash out, very easy to tell by the insane mindset she’s in now. “100k” “40-50k” not impossible but this is Woj behavior

[Runeblade]

Well, I've had a good run this time around - it took me less than 2 weeks. Usually it takes me about a month to grow my bankroll 5x. I bet mostly on soccer, a little baseball, basketball (wnba right now), and rugby league. Rugby league is almost automatic for me lol

Very nice. You got to go PRO on here.

[golfholic]

I said it at the very beginning she’s not gonna cash out, very easy to tell by the insane mindset she’s in now. “100k” “40-50k” not impossible but this is Woj behavior

You mad bro?

[newton0038]

The reason I ask is because I've been increasing my bet amount by $100 as my balance goes up. Started betting to win $500, now $600, and if I get over 30k which will happen very soon, plan to go up to $700, on and on til I get to 100k. If I cash out, i need start back over at $500 and make my way up. Know what I'm saying?

Kelly criterion betting. You make the betting ceiling.

[omega]

BTW for those serious and want to actually have some insightful discussions on sports investing as I like to call it; I'm thinking of creating a discord chatroom for discussions daily and post plays. Thoughts and interests?

Definitely interested.

And as a sidenote, what is it with the reaction here at SBR, both of skepticism, mocking, and rudeness? Are some of you such brokedik fukks that it's hard for you to imagine having 5 figures in your balance? Going from 5k to 25k is not even some Herculean endeavor. The cynicism makes y'all look broke.

[golfholic]

Definitely interested.

And as a sidenote, what is it with the reaction here at SBR, both of skepticism, mocking, and rudeness? Are some of you such brokedik fukks that it's hard for you to imagine having 5 figures in your balance? Going from 5k to 25k is not even some Herculean endeavor. The cynicism makes y'all look broke.

Sounds good, Omega. I'll keep you posted. We can focus on actually making some money rather than dealing with a lot of BS on here.

[SEAHAWKHARRY]

How much for your platinum level ..pm me I'm interested

[golfholic]

How much for your platinum level ..pm me I'm interested

Will keep you posted, SeahawkHarry.