[Faceman14]

I am curious how many units won the pro's can show in an average year. Billy Walters, for example, reports that he makes millions most years, and has never had a losing year. Is that simply because he bets such large amounts? How many sportsbetters do you think average winning 50 units or more per year?

[jumpsquat]

well if you don't average at least 50 units, stop waisting time on betting...

[v1y]

I placed $144,000 worth of wagers last year on $100 units. I finished up ~$12,000.

So, I was up 120 units :\

[Faceman14]

If you are winning over 56% of your wagers, and your bankroll is over 12k, why would you continue to only bet $100 per wager?

[matthew919]

True, he should be betting slightly more by now. But not by much.
I expect that anyone who has started small and grown a bankroll into the 7 figures will tell you how mind numbingly boring it is, particularly in those early years, when you're working a day job, and turning 10k into 16k one year. Then 16k into 25k the next. Then 25k into 40k the next...

That's years and years of patience, and faith. Both nice virtues to have if you ask me.

[Faceman14]

If you are making 120 units per year, you are more than doubling your bankroll every year. More than 100% return, which would make you one of the top investors in the world.

[matthew919]

Have you considered that 120 may be an unexpectedly large figure, attributable to variance, and that the poster may actually have good reason to believe that his long term win rate is in the 50 unit range for this sample size?

Off the top of my head, I'd say a 120 unit year should roughly quadruple your bankroll, even with cautious bankroll management. But if this were me, and my estimation of my true win rate was in the range of 54% or so, I would not jump the gun and start firing off wagers at 5% of my BR.

Test thoroughly, trust your model, and be patient.

[GunShard]

well if you don't average at least 50 units, stop waisting time on betting...

Wrong, it depends on a gamblers total bankroll.

Percentage of profit compared to total bankroll is more important than the amount of units won per year. Understand Kelly criterion.

[BennyBigNuts]

I placed $144,000 worth of wagers last year on $100 units. I finished up ~$12,000.

So, I was up 120 units :\

Didn't take this thread long to get a laugher of a post ROFL.

[Faceman14]

well if you don't average at least 50 units, stop waisting time on betting...

Well, I can think of one reason. If you average 40 units per year, and wager 10k per bet, that is 400k per year. As you increase your wager size you can make millions.