[chs13021986]

If so, please help me out here.

I have been trying to become an sport investor since october last year.

After depositing several times of $ 100 dollars and busting all out, I started with $200 deposit and got lucky reaching $1.900 in a month and a half, however i busted off all over again. Another $200 deposit and $ 1.100 reached and busted off. After that i made countless deposits of $100, $200, $50, $25 durinf the last year and now I encounter myself with another deposit to made next tuesday when I get paid from work. I know it is too little to start off, but i have gone to $1.900 and i think I can do it again!

So my questions to the experienced bettor out there.

1- Is possible to turn $200 into $8.000 in 3 months, betting 3%-5% of BR?

2- Is a good idea to target a win of 2 units per day?

3- Now the most important question imo, AFTER HOW MANY LOSSES ON THE DAY IS TIME TO CALL THE DAY OFF? This is where I bust my money all the time! I do not know when to stop for the day. Maybe when i get -2 units, -3units?

4 - If I get lucky and keep a profit daily , should I withdraw my winnings weekly, monthly or leave in my BR so my unit gets greater?


Thanks for your suggestion and hopefully i can beat this beast from now on because I cannot bear any more this deficit growing monthly.

[High3rEl3m3nt]

If so, please help me out here.

I have been trying to become an sport investor since october last year.

After depositing several times of $ 100 dollars and busting all out, I started with $200 deposit and got lucky reaching $1.900 in a month and a half, however i busted off all over again. Another $200 deposit and $ 1.100 reached and busted off. After that i made countless deposits of $100, $200, $50, $25 durinf the last year and now I encounter myself with another deposit to made next tuesday when I get paid from work. I know it is too little to start off, but i have gone to $1.900 and i think I can do it again!

So my questions to the experienced bettor out there.

1- Is possible to turn $200 into $8.000 in 3 months, betting 3%-5% of BR?

2- Is a good idea to target a win of 2 units per day?

3- Now the most important question imo, AFTER HOW MANY LOSSES ON THE DAY IS TIME TO CALL THE DAY OFF? This is where I bust my money all the time! I do not know when to stop for the day. Maybe when i get -2 units, -3units?

4 - If I get lucky and keep a profit daily , should I withdraw my winnings weekly, monthly or leave in my BR so my unit gets greater?


Thanks for your suggestion and hopefully i can beat this beast from now on because I cannot bear any more this deficit growing monthly.

Read these threads:


Simple VBA Sports Betting Functions Template for Excel

A Quantitative Introduction to the Kelly Criterion (pt.1) (pt.2)

An Introduction to Expectations and Theoretical Hold

An Introduction to Betting Lines and Percentages

Market Efficienty and Bayesian Probability Estimation via the Beta Distribution
Overbets and Line Changes--A Kelly Excel Sheet
Using Kelly to Determine Optimal Hedging Strategy
A Better Way to Measure Handicapper Success

Wrecktangle Opens a Discussion on Kelly Criterion
Kelly is not a good BR management system

Justin7 Offers a Few Pointers on a NBA Model
http://www.sportsbookreview.com/forum/handicappe...-building.html

Data and Justin7 Discussion

http://www.sportsbookreview.com/forum/handicappe...-question.html

Data vs. Data. vs. Justin7: A Discussion Blooms

http://www.sportsbookreview.com/forum/handicappe...-modeling.html

Soccer 3 Way Lines Discussion: How to Calculate a Book's Edge

http://www.sportsbookreview.com/forum/handicappe...cer-lines.html

[You mad bro]

Follow my plays when i post them and you'll be rich friend

[jayc88]

1) no highly unlikely
2) setting specific win targets per day will not work longterm
3) as long as you find a profitable bet it doesnt matter if ou have already lost 1 or 15 bets this day
4)up to you , if you want to increase your units keep some of the winnings in your account

unless you are one of 1% , who win at sportsbetting use your money for sth else or make a small deposit and see if you get lucky.

[VegasInsider]

It sounds more like you have a gambling problem.

Tossing $25 into a sportsbook means nothing and you're just going to keep losing your small deposits. Save your money and wait until you can make a decent enough deposit and set some ground rules (unit size, ROI, profit maximization). If you continue to put small amounts (with fees) into a sportsbook, you will continue to fail. That is your first problem. Secondly, don't play games just to have something to root for. That's what recreational gamblers do.

[Bet10Heinekens]

Hopefully you requested some payouts

[billysink]

This is not for you.

Period.

I am not trying to be harsh here.

From the body of the questionnaire here, you have no idea how, not on what to set your expectations let alone realize them.

[pavyracer]

Cash out at 5X original deposit leaving original balance in and continue betting. No need to let balance grow to 20X.

[manny24]

[chs13021986]

Thks for the input guys, I know i can beat the system. When i have discipline I go pretty good until i start a losing streak and I try to have profit on the day and end up busting all my BR. My strategy of playing over/ under on soccer was having a pretty good result until i decided to tail people here on basketball, NHL and NCAAF where i have no knowledge at all. I will stick to soccer and try to build my BR from there!

[vividjohn45]

Cash out at 5X original deposit leaving original balance in and continue betting. No need to let balance grow to 20X.

pavey fondly remembers the cashout check of 125.

[chs13021986]

All this things kelly style i found very very complicated and made me lose interest in betting. I only like to bet over and under. Do u reckon i still need to know all these things? I did very well betting on soccer under/over and i know i have to stop chasinf bets and bet just to have something to root for.