Hey everyone. I wanted to know is sports betting pretty much a waste of time if you don't have a decent bankroll? I dropped probably $12k lifetime in these few years but it was due to me chasing and betting much more than i should be in my account.
I hear many people say if you want to make even some decent amount of money, you need to have a minimum $20,000 bankroll otherwise sports betting is a waste of time and doing other things such as even poker would be more useful. Does this statement hold true? I heard 2-3 people mentioned something like this and now i seem to be feel that does make a ton of sense. I mean theres lot of people who deposit $500 or $1000 for football season etc but even if they bet $50 a game which is way too much for a $500 bankroll, doesn't that do nothing for you? I mean if you are someone who just wants to win $300 or so a month, certainly that is possible. But if you want to make even lets just say $1000 a month betting sports, wouldn't you need a big bankroll for this? I blew my bankroll of $6000 2 times and both times it was either due to betting more than i should and chasing.
But right now I'm thinking, even someone with a $2000 bankroll would have a tough time making a decent amount of money. I mean even if a $2000 bankroll player bets $200 a game, there is a good chance he would go bust. And even if he does really well during the whole football season, what is the most he can really win assuming he doesn't hit those 7 team and up parlays? I see many people here bet $5 and $10 on a game and I'm just thinking to myself, are you guys just betting these amounts because you want action on it? Personally, i would think its a waste of time because you can't make any money from it unless you just want to win $50 that week if you know what i mean. I mean i am pretty sure investing in stocks might be a better option??
What i don't understand are those players that just put $100 in their accounts. I mean are these guys betting $5, $10 a game or something ? Even betting $10 a game is too high if you deposit $100. Because i don't even know what you can do by betting this small and you cannot even make withdraws this small and if you do, you are going to get charged a big fee to withdraw.
I'm thinking that back a few years ago when i deposited $6k twice and thought hey thats a ton of money in my account for gambling,but now i know it was really small because i was betting minimum $200 per game and betting few games at a time. And now thinking about it, even if i won those bets, if i won 10 games and lost 9, i probably be up $100 and thats assuming i have reduced juice. I would probably be up $30 if i used -110 lines.
But to those people who have just $5000 in your account and bet the NFL. How much money would you want to make in the NFL season by the time season is over? Lets say this player just bets $100 per game and never bet more than that. 2 percent would be pretty safe to prevent from going bust. Then he went sometime like 50-40 for the entire year which is 55.5 percent which is great. But assuming this player has reduced juice for -105, he would only be up $800 for the entire 5 months. Even if he bet $200 per game, thats only $1600 profit in 5 months! I don't know about you but $1600 profit in 5 months is not that much if you spend every sunday for 5 months watching the NFL.
But if this player had a $20000 bankroll and was betting $500 per game, he would still only be up $4000 in 5 months. I mean that is just $800 per month. That is good income if you want supplemental income but does anyone here think its still pointless because you won't make much money? Now if you are reckless and bet over you head or hit some big parlay, then sure you might have a big cash but doing those things would greatly increase your chance of going bust and that is the worst thing that can happen.
Anyone have thoughts or opinions? I kind of wanted to quit but then had this urge to want to win back my $12000 from the last few years that was mostly from MLB and some from football. But now thinking about it, I think probably the most i can make is $2000 maybe in a 5 month NFL season with a $5000 bankroll i just deposited?
I hear many people say if you want to make even some decent amount of money, you need to have a minimum $20,000 bankroll otherwise sports betting is a waste of time and doing other things such as even poker would be more useful. Does this statement hold true? I heard 2-3 people mentioned something like this and now i seem to be feel that does make a ton of sense. I mean theres lot of people who deposit $500 or $1000 for football season etc but even if they bet $50 a game which is way too much for a $500 bankroll, doesn't that do nothing for you? I mean if you are someone who just wants to win $300 or so a month, certainly that is possible. But if you want to make even lets just say $1000 a month betting sports, wouldn't you need a big bankroll for this? I blew my bankroll of $6000 2 times and both times it was either due to betting more than i should and chasing.
But right now I'm thinking, even someone with a $2000 bankroll would have a tough time making a decent amount of money. I mean even if a $2000 bankroll player bets $200 a game, there is a good chance he would go bust. And even if he does really well during the whole football season, what is the most he can really win assuming he doesn't hit those 7 team and up parlays? I see many people here bet $5 and $10 on a game and I'm just thinking to myself, are you guys just betting these amounts because you want action on it? Personally, i would think its a waste of time because you can't make any money from it unless you just want to win $50 that week if you know what i mean. I mean i am pretty sure investing in stocks might be a better option??
What i don't understand are those players that just put $100 in their accounts. I mean are these guys betting $5, $10 a game or something ? Even betting $10 a game is too high if you deposit $100. Because i don't even know what you can do by betting this small and you cannot even make withdraws this small and if you do, you are going to get charged a big fee to withdraw.
I'm thinking that back a few years ago when i deposited $6k twice and thought hey thats a ton of money in my account for gambling,but now i know it was really small because i was betting minimum $200 per game and betting few games at a time. And now thinking about it, even if i won those bets, if i won 10 games and lost 9, i probably be up $100 and thats assuming i have reduced juice. I would probably be up $30 if i used -110 lines.
But to those people who have just $5000 in your account and bet the NFL. How much money would you want to make in the NFL season by the time season is over? Lets say this player just bets $100 per game and never bet more than that. 2 percent would be pretty safe to prevent from going bust. Then he went sometime like 50-40 for the entire year which is 55.5 percent which is great. But assuming this player has reduced juice for -105, he would only be up $800 for the entire 5 months. Even if he bet $200 per game, thats only $1600 profit in 5 months! I don't know about you but $1600 profit in 5 months is not that much if you spend every sunday for 5 months watching the NFL.
But if this player had a $20000 bankroll and was betting $500 per game, he would still only be up $4000 in 5 months. I mean that is just $800 per month. That is good income if you want supplemental income but does anyone here think its still pointless because you won't make much money? Now if you are reckless and bet over you head or hit some big parlay, then sure you might have a big cash but doing those things would greatly increase your chance of going bust and that is the worst thing that can happen.
Anyone have thoughts or opinions? I kind of wanted to quit but then had this urge to want to win back my $12000 from the last few years that was mostly from MLB and some from football. But now thinking about it, I think probably the most i can make is $2000 maybe in a 5 month NFL season with a $5000 bankroll i just deposited?
