Looking for some solid advice. Placing 6-8 wagers a day, Winning at about 60%, but profit seems so minimal. Average wager is around $75. Fewer bets, larger amounts? Any help would be great. thanks
How many bets and what amounts per bet are suggested for a 5K BR?
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dogs1972SBR Wise Guy
- 11-22-09
- 509
#1How many bets and what amounts per bet are suggested for a 5K BR?Tags: None -
1st and TenSBR Hall of Famer
- 11-13-09
- 5131
#250 to 150Comment -
1st and TenSBR Hall of Famer
- 11-13-09
- 5131
#3I have bet a 3 to a nickel on a 5k bankroll and at one point I was two bad days from not playing again. If you truely hit 60% than I say take that approachComment -
dogs1972SBR Wise Guy
- 11-22-09
- 509
#4Originally posted by 1st and TenI have bet a 3 to a nickel on a 5k bankroll and at one point I was two bad days from not playing again. If you truely hit 60% than I say take that approachComment -
Dr.GonzoSBR MVP
- 12-05-09
- 4660
#5Originally posted by dogs1972Looking for some solid advice. Placing 6-8 wagers a day, Winning at about 60%, but profit seems so minimal. Average wager is around $75. Fewer bets, larger amounts? Any help would be great. thanks
Try 2% of bankroll per wager. To make things simple at the start of each day calculate the 2% figure and flat stake that amount.Comment -
ipickwinnersSBR MVP
- 01-06-08
- 3136
#66-8 bets are WAY too many
if u seriously are hitting 60% and have the discipline to grind, hitting 60% consistently, u need to flat bet 5% of ur bankroll per play. set a goal of certain amount where u will reset that 5%.
so 5% of 5k is $250 a play
say u grow your Bankroll to 6k, reset ur 5% play and play 5% of 6k, which would be $300
if u r really hitting 60%, this is the only logical way to do it in my opinionComment -
Dr.GonzoSBR MVP
- 12-05-09
- 4660
#7Originally posted by ipickwinners6-8 bets are WAY too many
if u seriously are hitting 60% and have the discipline to grind, hitting 60% consistently, u need to flat bet 5% of ur bankroll per play. set a goal of certain amount where u will reset that 5%.
so 5% of 5k is $250 a play
say u grow your Bankroll to 6k, reset ur 5% play and play 5% of 6k, which would be $300
if u r really hitting 60%, this is the only logical way to do it in my opinion
However if you can hit 60% playing half a dozen games per day keep it going. Just don't assume you hit 60% long term because you have the past month. If you can hit 55% you are doing well. Variance works both ways.Comment -
ipickwinnersSBR MVP
- 01-06-08
- 3136
#8if u r hittig 60% in a month, its not accurate. if u really want to make money, let me know in 6 months to a year if u r hitting 60% still, and if so, my method will find ur pockets linned with a ton of cash palComment -
ipickwinnersSBR MVP
- 01-06-08
- 3136
#9btw 1-3 picks a day is probably safer, and sometimes do not play if u do not like anythingComment -
dogs1972SBR Wise Guy
- 11-22-09
- 509
#10much thanks, all good stuff.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#111-3% per bet no more than 10% total at a timeComment -
1st and TenSBR Hall of Famer
- 11-13-09
- 5131
#12I like Odom'scallComment -
acekingSBR MVP
- 09-07-05
- 4782
#13$100 - $200 bet .Comment -
NickeliciousSBR MVP
- 05-21-09
- 2647
#14Good advice from all here. No one is suggesting you plunk down a thousand on a "real good feeling."
The reason you feel like you aren't winning enough is due to two things: First, you are too impatient. Fuk "winning enough." Just keep up with "winning." The other reason is juice. Whatever it is (8, 10 percent or more), it really hits hard over time. Just take a look at any long-term contest at SBR. You'll see how 200+ people are betting thousands of bets. In most contests, they are collectively hitting winners at around 50%, and the net result is losing hundreds of units. 49%, 50%, 51% and 52% are all guaranteed losing records. If you are hitting 60% now, don't count on that lasting very long. 55% would be an outstanding long-term winning percentage that will earn consistent profits.
Good luck with your wagers, dogs.Comment -
Ari GoldSBR Sharp
- 09-24-09
- 412
#15keep all your bets the same amount. because if your going to make a play, you feel confident in that play, dont change your amounts because it usually works out that you lose your higher wager, so keep all your amounts the same and it will only benefit youComment -
GruxSBR Sharp
- 09-24-09
- 494
#16Originally posted by dogs1972Looking for some solid advice. Placing 6-8 wagers a day, Winning at about 60%, but profit seems so minimal. Average wager is around $75. Fewer bets, larger amounts? Any help would be great. thanks
Professional bettor Steve Fezzik describes the 60% fallacy in Larry Grossman’s book, You Can Bet on It Fezzik states if you begin with a $1,000 bankroll and wager 10% of your money on one game a day, while laying -110 odds, while maintaining a 60% winning ratio, after 2,000 wagers your initial $1,000 would be a cool $550 billion. Yes, billion. Something to remember the next time you see a sports tout claiming to hit 65% over the last 10 years.Comment -
dogs1972SBR Wise Guy
- 11-22-09
- 509
#17Originally posted by Ari Goldkeep all your bets the same amount. because if your going to make a play, you feel confident in that play, dont change your amounts because it usually works out that you lose your higher wager, so keep all your amounts the same and it will only benefit youComment -
dogs1972SBR Wise Guy
- 11-22-09
- 509
#18Originally posted by GruxIf you can hit 60% long term you will be a billionaire.
Professional bettor Steve Fezzik describes the 60% fallacy in Larry Grossman’s book, You Can Bet on It Fezzik states if you begin with a $1,000 bankroll and wager 10% of your money on one game a day, while laying -110 odds, while maintaining a 60% winning ratio, after 2,000 wagers your initial $1,000 would be a cool $550 billion. Yes, billion. Something to remember the next time you see a sports tout claiming to hit 65% over the last 10 years.Comment -
LT ProfitsSBR Aristocracy
- 10-27-06
- 90963
#19If you are winning 60%, you are not playing enough games. Better to go 54% over 100 plays than go 60% over 20 plays over same time frame.Comment -
Matt RainSBR Hall of Famer
- 02-13-07
- 5001
#20Originally posted by LT ProfitsIf you are winning 60%, you are not playing enough games. Better to go 54% over 100 plays than go 60% over 20 plays over same time frame.Comment -
gman2114SBR Sharp
- 10-20-09
- 418
#21Why do you people wager knowing that 60% is unreal? Dont you think you should change your betting patterns? Betting at all?Comment -
GruxSBR Sharp
- 09-24-09
- 494
#22Originally posted by dogs1972Damn, id never heard it put that way. I am hitting 60 so far this year between nba and nfl, but i know it cant last, every body gets on that streak every once in awhile and i'm on mine. Makes you feel like a genius till it starts to turn.Comment -
GruxSBR Sharp
- 09-24-09
- 494
#23Originally posted by gman2114Why do you people wager knowing that 60% is unreal? Dont you think you should change your betting patterns? Betting at all?Comment -
Matt RainSBR Hall of Famer
- 02-13-07
- 5001
#24Fezzik's scenario is a bit silly cause your ROI will gradually go down and you'll bump into limits very quickly. But yeah, hitting 60% means you can bet a game a day, 10% of your bankroll each time, and live off of the profits pretty much stress-free. 60% at -110 is impossible to sustain over a significant sample size (say 2500 plays). Those of who you think they can do it haven't been doing this for long and/or don't keep accurate records.Comment -
LT ProfitsSBR Aristocracy
- 10-27-06
- 90963
#25Originally posted by GruxYou can hit 60% over a small sample size. I was just pointing out that over a few thousand bets you will probally be pretty close to 55%-57%. Good luck and keep up the great work.Comment -
NickeliciousSBR MVP
- 05-21-09
- 2647
#26The perils of hitting 49%:
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