Hey whats up guys im new to this whole thing. I have a couple of ?'s i have a sportsbook.com account. I have been looking online and seen handicappers hitting like 80% thesportsinvestment.com saying that they made 24k last year and i want in. What would you suggest my bankroll start off be if i deposited 500 - 1000k would i see n e good return. thnx in advance
Bankroll
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John953SBR Sharp
- 02-27-09
- 368
#1BankrollTags: None -
thespeculatorSBR MVP
- 09-09-08
- 2999
#2use some common sense, does this make any sense to any rational person , that's all i can say , if you want to join then go ahead,
good luckComment -
John953SBR Sharp
- 02-27-09
- 368
#3well i dont know because i have browsed alot of handicapper sites and its seems normal to make +12k or more for the year. im asking for assistance not critizism. Im new to this are there n e good handicappers that i should look to. and what should my bankroll be im just tryin to make money like everyone else buddy thnxComment -
DukeJohnSBR MVP
- 12-29-07
- 1779
#4well i dont know because i have browsed alot of handicapper sites and its seems normal to make +12k or more for the year. im asking for assistance not critizism. Im new to this are there n e good handicappers that i should look to. and what should my bankroll be im just tryin to make money like everyone else buddy thnx
I will give you an example real quick. Take handicapping police or whatever that site is, they have a bunch of touts that claim this or that and are supposedly watched for fairness by them (HP). Now here is what they do... Once you buy their picks they feed you picks each day by either some random pick or some system they have, either way you will eventually start to lose money, plus the money you pay them, now all the while they are still posting the picks and their record is falling. Once you run out of money and stop paying for the picks you will notice all of a sudden they are posting winners again... It is rather ingenious and a great marketing ploy... Anyway, that is how the touts that post their picks after the game ends do it.
Originally posted by thespeculatoruse some common sense, does this make any sense to any rational person , that's all i can say , if you want to join then go ahead,
good luck
Anyway, I wish you the best of luck (BOL) and hope you heed thespeculators warning....Comment -
thespeculatorSBR MVP
- 09-09-08
- 2999
#5i am not disrespecting you , people do make money in this business, but they aren't selling there picks, if they we would all buy them, then the books would be out of business and so would the players, that is why i would stay far away from people selling picks, are far as your bankroll i would divide it by 20Comment -
HeeeHAWWWWSBR Hall of Famer
- 06-13-08
- 5487
#6
Hrrm outrageous claim, with nothing to back it up. Solid conclusion: flat out lie.Comment -
topgame85SBR Posting Legend
- 03-30-08
- 12325
#7First thing you need to do is start using a website that is not a scam like sportsbook.com impossible to get your funds sign up at betjamaicaComment -
SlappyWhiteSBR Sharp
- 07-22-08
- 443
#8
I guess I am in the minority here. I used to go it alone and showed only small profits for several years, and even busted out once. Over all I would describe it as making about 4 bucks an hour for the time I invested in it. I now purchase my plays from some cappers I followed for almost the entirety of the last 2 years and am doing better than I ever did on my own. I will say that site you posted looks like a crock of shit.Comment -
John953SBR Sharp
- 02-27-09
- 368
#9^ QFT
I guess I am in the minority here. I used to go it alone and showed only small profits for several years, and even busted out once. Over all I would describe it as making about 4 bucks an hour for the time I invested in it. I now purchase my plays from some cappers I followed for almost the entirety of the last 2 years and am doing better than I ever did on my own. I will say that site you posted looks like a crock of shit.Comment -
SlappyWhiteSBR Sharp
- 07-22-08
- 443
#10when i bet games it is at several books for 1k unless I am limited then it is max whatever the limit is. My starting bankroll was 2k 2 years ago, I busted out about 6 months in, re-upped another 2k and built it to the point where I can afford to buy the games and play them at a profit.Comment -
AGENT526SBR Hustler
- 06-03-10
- 82
#11$2000 bankroll
If i start out with a 2,000, how long would it take to increase to 20k? Should i wager the same amount on each game or not?Comment -
sneak-a-peakSBR MVP
- 11-07-09
- 1373
#12I've been at this game for 3 years now and of course I started off thinking I could hit it big just like everyone else does. I had horrible money management and I paid a price for it.
As strange as it sounds If you want to be in this game for a long time I would not recommend wagering more than 1% of your bankroll on any 1 single game.
Meaning you have about 100 bullets (max wagers). It would take a pretty horrific run to put you out of biz so its pretty safe if you want to keep playing for years IMO.
Secondly, and this may even sound crazier to most but I would not recommend sports wagering to anyone with less than a 20k bankroll cuz I think it would be a complete waste of time with much less. I do realize most players don't play with nearly that amount but I just think your time would be better spent on other things with a low bankroll to be honest. (Maybe poker or a 2nd job)
I consider myself to be pretty decent at this and I can only profit about 20-25% of my total bankroll a year (By being conservative to avoid a disastrous run) . So if I had only 2k to play with I would end up with about $500 profit at the end of a whole year (if I'm lucky) so you can see why it would not be worth it IMO.
Those are my thoughts. If you think I'm off base then you will probably find out on your own someday.Comment -
Darkside MagickSBR Posting Legend
- 05-28-10
- 12638
#13wowu only profit 1/4 your bankroll after a whole year betting
Comment -
Darkside MagickSBR Posting Legend
- 05-28-10
- 12638
#15that is true......very true!!!!!!!!!Comment -
moonbeamSBR MVP
- 03-02-07
- 1496
#16Hey whats up guys im new to this whole thing. I have a couple of ?'s i have a Sportsbook.com account. I have been looking online and seen handicappers hitting like 80% thesportsinvestment.com saying that they made 24k last year and i want in. What would you suggest my bankroll start off be if i deposited 500 - 1000k would i see n e good return. thnx in advanceComment -
DukeJohnSBR MVP
- 12-29-07
- 1779
#17I've been at this game for 3 years now and of course I started off thinking I could hit it big just like everyone else does. I had horrible money management and I paid a price for it.
As strange as it sounds If you want to be in this game for a long time I would not recommend wagering more than 1% of your bankroll on any 1 single game.
Meaning you have about 100 bullets (max wagers). It would take a pretty horrific run to put you out of biz so its pretty safe if you want to keep playing for years IMO.
Secondly, and this may even sound crazier to most but I would not recommend sports wagering to anyone with less than a 20k bankroll cuz I think it would be a complete waste of time with much less. I do realize most players don't play with nearly that amount but I just think your time would be better spent on other things with a low bankroll to be honest. (Maybe poker or a 2nd job)
I consider myself to be pretty decent at this and I can only profit about 20-25% of my total bankroll a year (By being conservative to avoid a disastrous run) . So if I had only 2k to play with I would end up with about $500 profit at the end of a whole year (if I'm lucky) so you can see why it would not be worth it IMO.
Those are my thoughts. If you think I'm off base then you will probably find out on your own someday.
Umm 20-25% is a great return on your investment. Do you really think you can find a better ROI out there? Sure you may get lucky, but to consistently return 25% annually is great!
I personally strive for a 50% ROI a year, but if you notice after the entire MLB season this year I made 19.69% and I am very happy with that, not as good as last year, but still very nice.
BoL,
Comment -
sneak-a-peakSBR MVP
- 11-07-09
- 1373
#18I'm glad you said it Duke. I really did not want to waste my time trying explain that to someone who cannot see how good that is for themselves.Comment -
increasedoddsSBR Wise Guy
- 01-20-06
- 819
#19The most successful bettors (betting millions and millions) might hit:
53% NFL sides + 1% for line shopping
54% NFL totals +.5% for line shopping
54% CFB sides + 1% for line shopping
54.5% CFB totals + .3% for line shopping
56% NFL 2H
58% CFB 2H
57% CBB
60% CBB 2H
No idea on NBA (I hate the sport)
No idea on MLB.
And the numbers above are the top .0001% of bettors
So do you really think someone is hitting 80%?Comment -
Raven66SBR Wise Guy
- 09-21-09
- 824
#20Forget long term, try hitting a long shot.........hit and run baby!Comment -
AGENT526SBR Hustler
- 06-03-10
- 82
#22How long did it take you to save 20k?Comment -
Hareeba!BARRELED IN @ SBR!
- 07-01-06
- 37281
#23You can make money sportsbetting but you have to be realistic.
Expecting to make in excess of 50% of your bankroll in a year is almost certainly going to see you betting too much and be your downfall.
So if you are starting with just $1,000 it is going to take you quite a while to make $24k p.a. but compounding returns can build very impressively if you are disciplined and in my experience most new players just don't have the patience.
Your aim should be to gradually build your bankroll, not spend any of the profits until it reaches the level at which you can start drawing down the income level you are looking for without reducing it.
Now you also need to have a plan on what you are going to bet on. If you aren't skilled enough to do your own handicapping then you have to find a good reliable and trustworthy source of tips which has shown a long history of being profitable.
You need to have access to the best books/exchanges (very difficult if you are American) so that you can get the most competitive odds.
It's also better to find sports where the markets aren't so efficient as they tend to be in the US sports and the major soccer leagues. That will increase your opportunity to find better value betting propositions.Comment -
StefanSBR MVP
- 03-21-09
- 3481
#24That's the best way to start betting. Don't start with a big bankroll and don't place bets with too high stakes. The bankroll management is even more important than the choice of the starting bankroll.Comment -
AGENT526SBR Hustler
- 06-03-10
- 82
#25payneinsider
Does anybody have any info payneinsider handicapping?Comment -
sicklerSBR Posting Legend
- 06-05-08
- 15006
#26Stay away from touts, they don't have to guarantee anything.
The opening post is a joke, I'd laugh if it wasn't so pathetic.....Comment -
Aman_DageSBR Rookie
- 04-23-11
- 48
#27but I've already believedComment
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