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If you had the chance to choose your own journey to be profitable in sports betting, which path would feel easier and more satisfying for you?

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

10% of $5k is $500, and if I can consistently hit that daily, that means in a month I’d be making $15k profit, that's already way bigger than my bankroll. That sounds pretty reasonable and a solid strategy, not reckless betting at all. Slowly but surely.

But of course, that’s only if the answer to the big question is yes.. can I really make consistent profit daily?

$5,000 is a good amount of money, but I consider how much I supposed to gamble every month.

If that $5,000 supposed to be gambled per year, I will divide it to 12 which will be $416, with this amount, I will go to double my money. If I earn $416, that means I choose 10% daily.

But if the $5,000 supposed to be gambled per month, I will try double my money, which mean I choose 100% daily.

So, it depends on the budget per month.

Sorry to interrupt this fun but I must say the truth, before creating some topic we should be that mindful to use the search options to know if similar discussion has  already exist but the truth most answers could be repetitive one since they are all the same.
However, I do not go for higher profits neither do I allocate such amount to my gambling account because I know that whenever there is enough funds in your account you could be tempted to always gamble or places bet. Having a fixed target is cool but what determines your winning is your luck and chances.

Conservative route. If I am really looking for profit in sports betting, I'd rather make it like a job that would get a salary per day. 10 percent of the initial money from the example would be a large amount of money for me.

I don't like going big on just one bet. It's too risky, and honestly, I am not brave enough to take that one bet, one win type of game. I will stop whenever I feel the profit is enough and I can take a good rest with a smile. Even in other games, I always just take the minimum bet and never go for higher amounts, even though I am on a losing streak.

Professionals always think better, I have some friends who live from gambling (especially sportsbook), they say that big profits don't mean anything if we have higher risks. Some even told me that it's better to win $5 on $100 bet than to potentially lose that $100 quickly. So, from the insights I've gained, I think it's better to go slow but steady than to rush. Therefore, I choose 10% per day, LOL.

First of all, I will never create a bankroll worth $5,000 for gambling only, it makes no single sense to me, I would rather have this money in stocks or bitcoin, sorry to say this but gambling using such amount of money isn't worth it.

Secondly, I don't have a goal when I am gambling, if I have to place bet on a sport I will use a dollar or two and wait to see what will happen, since sports bet is all about the odds it's pretty easier to know what you will get if you win.

People tend to be too attach to gambling and that's not me, it's too risky to lurk around as source of investment, having a goal in gambling is why many gamblers are lost and eventually they become addicted.

The outcomes of gambling are not known, so we need to be careful. I lost so much money when Saudi Arabia defeated Argentina in the last World Cup in Qatar. I would prefer to target 10% per day to reduce the risk and gamble for a longer period. 


Are there really people who depend solely on gambling for survival? I am surprised because some gamblers who are unemployed in my area don't make a living. Some of them have to beg or depend on family and friends for survival.

$5000 is really huge amount for me even with this money i can feed myself and my family for months but lets says i have $5000 as my initial capital to starting gambling and actually i liked to playing safe which mean i am not the person who liked to bets on high odds or aggressive for sport betting and in my opinion odds 1.5 or below is never mind for me as long as i got the profit but indeed exceptional condition sometimes when i was very sure with my prediction usually i will take the risk with the odds 2.0 above

However in gambling everything could possibly to happend and there is no guarantee we will always gets the profits from our bets so, that's why profit target 100% daily is too much for me even 10% daily sometimes could be hard to achieve too and i think what i promised when have $5000 for sport betting i think the reasonable profit probably 20% monthly not daily basis

I find this similar with this  Double Your Bankroll Challenge: What’s Your Strategy?   (https://bitcointalk.org/index.php?topic=5557379.msg65749184#msg65749184)

In gambling we have those who are all out for the risk each time they see what they can consider an opportunity to quickly double their money, which they will gladly take part in, using their entire bankroll to hit it big at once, but that's more risky than the winning chances if we look at it.

Personally, even going in with 10% of my bankroll per bet is also on the high side no matter the amount that I have available to gamble with. I like to go in at most 1-5% per bet to enable me to extend my stay in the casino and increase my chance of winning.

To me this is more like professional gambling, I'm not against it but it is not for me. Funny enough I do not gamble everyday so the target per day is definitely not for me. I would like to win at least every week no matter how small, as long as I don't end up loosing my capital after the weekend bets which I've resorted to of latest to help with my concentration at work, I'm good with as little profits as I can get per week, be it 10% and I think it would be described as a slower grind by you or even a creeping grind ;D.

It surely shows progress in my match booking abilities. oh yes, match booking is where I see profits currently, I rarely see profits from Casino based games of recent.

I do not like throwing everything into gambling at once, I like to spread it across periods since I take it very slow in gambling. If I had $5000 as a spare income, I do not think I would even use more than $500 to gamble per week. I would like to spread that sum over a long time while gambling with little fractions of it from time to time since I am not dependent on the outcomes of the winning.

I have tried big daily return before, but I lost.

I later reduce the daily profit to lesser one like exactly 10% profit which is 1.1 odds in total and I still continue to lose. Although, I may be winning at first but later two or three big losses will wipe all my profits and my initial money away.

I stopped gambling for profit.

The strategy will remain the same, and the size of your bet will only depend on the size of your bankroll, provided that the stake does not exceed 1–3% of your bankroll. Your gambling budget will depend on your financial capabilities, but it should be increased only if you can make a profit with a smaller budget. I try not to place bets with odds lower than 2, because I don’t see the point in betting with small odds, in that case, the risk is not justified.

Misconception. Your available bankroll does not have any role on your profit making. Because, if you make your first bet for $2500 (for example, 50% of given scenario), you may get chances to bet twice for the day given that your first two bets go against you. So, your bankroll is not a criteria for this discussion.

I am sure about only less than 1% people may target for 100% on daily basis and all others must save for next bet and stake in 20 parts at least (5% of total bankroll).

If you are confident about your skills on analysing teams or players, I believe consistency is vital. You may profit in your second or third attempt hence you must be prepared for more attempts rather than trying in one shot.

If you may aim aggressively for 100% profit per day there is no risk management involved and you may just end up losing as much as you hope to gain, for me that is not the smart move to take as a smart gambler that you should be. You should rather aim for a more conservative route that is a consistent profit per day which means that proper risk management is practiced and on days where you do not win since winning cannot always be assured you will not also lose too much as well that risk your initial capital. As a gambler before you try to calculate what you hope to win you should also calculate what you are risking and what you're losing.

I haven't exactly thought about it but my sports betting expectations are very humble. Maybe a 100% over a month at max.
100% for a day is achievable. There are plenty of days I earn much larger than that but consistently achieving that for long period of time is impossible. For you to get a 100% per day, you should look for bets that's over 2 in odds and win every of it. For a single bet lost, you need two bets of x3 multiplier to cover it up. It would not be as achievable, at least for me. Calculating your profit or loss on  daily basis would give you wide variations.
I like to look on monthly basis, this way you won't be stressing on losses and calculating how well you are doing on average.

I like to take betting slow and steady. If you make 10% a day you're taking much lower risk, if we are talking about sports betting. You would double your money in about 7 days and will probably have less stress than a 100% gamble. The key thing is to have a strategy though, what are you going to do when you double your money? Bank it or simply increase the amount you're betting? Even if you bank it, it'd take only a couple losses to wipe out your winnings and original stake, so you have to be ultra careful in your bet selection. The trouble with most gamblers is after a winning streak they become complacent or lower their standards, which leads to wipe out.

For me, if it were just those two options:

2 - Or take the more conservative route and target just 10% profit per day, slow grind but safer?

But be careful, 10% daily is an extremely difficult goal to achieve consistently
100% daily sounds almost impossible to me

But 10% would be my choice, as it would be more suited to my type of betting, since I bet throughout the soccer championship season, so I focus on that period of time

However, this 10% strategy could have days with lower profits due to games that may not have very good odds, or more than 10% on days with games that have more valuable odds for us bettors

Nobody in the world is making this kind of money, regardless of what he is aiming for. So why are we talking about this scenario when it is impossible?

Money is relative. If this is a lot of money for you, this just means you don't have a lot of money that is all. There are people who will gamble away your entire net worth in minutes.

Setting fixed profit sometimes very dangerous because you are forced to gambling until you hit your target profit while there’s always a time that we are so unlucky to encounter losing streak.

That small target profit sometimes will result to total loss of your bankroll if you become tilted on chasing profit that turns out on chasing losses.

Personally, I preferred a random profit percentage but mostly depending on my mood if I already have enough of gambling for the day. Gambling is for entertainment purposes onky so we shouldn’t expect a consistent profit from it.

Taking a slow and steady approach in gambling is far safer than chasing big daily targets spreading bets across time helps maintain focus on work and other responsibilities aiming for small weekly profits instead of daily wins reduces stress and protects capital.

Focusing on match booking over casino games shows discipline and an understanding of where the edge lies small controlled bets allow skill and consistency to grow while keeping the bankroll intact using only a fraction of available funds at a time prevents dependence on outcomes and keeps gambling purely for entertainment and gradual progress. This method emphasizes patience self-control and long-term thinking while it may appear slow it ensures survival and steady growth without endangering financial stability or personal priorities.

By limiting exposure and avoiding large all-in bets the likelihood of emotional decision-making decreases this approach also builds experience over time allowing better judgement on when and where to place bets tracking results carefully provides data for improving strategy and spotting mistakes before they become costly. Over time even small profits compound into meaningful growth the key is consistency discipline and keeping gambling in perspective treating it as a controlled activity rather than a source of income reduces risk and fosters sustainable habits that balance enjoyment with responsibility.

It will be more difficult to achieve 100% daily in a Sportsbook bet you will only win occasionally, but after that, you will lose more often.

10% daily is better because you take lower risks and usually have a high chance of winning, but the wins will be a little slower the important thing is that you can be consistent.

I cannot determine the daily or weekly profit because it is unpredictable, and I don't want to be a burden where bets must be won, even though sometimes it is more difficult despite betting with low odds.

Sometimes what make people take high risk is because of good bankroll but even when taking the risk it has to be done or carried out wisely due to the fact that winning is not guarantee. If I have a $5000 bankroll I will earn high definitely but not up to 100% because the chance of winning will be very small and I can't go for 10% profit per day but rather I will go for something that will be convenient and okay for me so that even if I lose I won't feel it that much and lastly I will prefer consistency to going for a big profit but the consistency have to be done little by little.

The thing is, I stopped setting such targets when I stopped assuming that having such consistent profit in sports betting can be achieved. Definitely, some good days can produce a very significant profit that could even make you start feeling like you are a genius in prediction but on a bad day, you will even regret why you decided to bet that day. In the past, I will set a very small target knowing that it can easily be met but I don't set profit targets now, once I have win some bets in a day, I don't bet again till next time.

In my case this number is mostly low like 10% to 20% and sometimes it goes close to 30%. And this is because I bet on lower odd game or match where the chances of winning are more, although this strategy doesn't always work but most of the time it is possible to book a profit of 10% to 30%.

Lower Odd games are also easier to predict because one team is strong and the other is weak and so we can easily predict which team will win. That's why I prefer betting here, even if it's a small percentage.

Then obviously you’re not really in for a challenge, you’re just gambling for fun. Nothing wrong with that, but if we’re gonna share thoughts in this topic, the answer should be based on the situation. Of course, not everyone has that kind of bankroll, but just in case we ever reach that level, as for me I’d go slowly. I won’t be greedy and I’d be happy with 10% profit per day. Honestly that’s already almost impossible to keep on average, so better to stay grounded than chase crazy numbers.

Slow grind is actually better for me. I will become emotional if I don't hit the quota that I will set within the day of having 100% gain.
I don't recommend that as well because you'll be put into pressure upon doing that. So, it's better if you'll set yourself some small gains per day only.
You'll get to enjoy the bets that you'll have and at the same time, your goal of hitting it won't be too heavy for you to achieve.

Aiming for 5% - 10% profit per day is a sizable and manageable goal which feels very achievable and will not leave the gambler feeling overwhelmed at the end of the day which is very achievable. It is greed-proof and at the end of the day you will be able to boast of being a profitable responsible gambler.

This does not mean that those with a high risk appetite are greedy. 

Yes. To me to be consistent is more preferable than the profit  made.

I've never thought of being profitable in sports betting cause I know so well it's difficult to achieve that, but though sometimes you may expect a win to solidify the reasons for betting.and again I can't set such bankroll cause i want to be profitable and that's enough reason why I stick to my little percentage in betting nothing to be consistent for knowing well the opportunity of getting your expectations is slim.

That will not work if I'll go and try to aim for 100% in a daily basis. So for me, this is the better choice.


And to be honest, if it's not 10% profit per day as long as I am above my cost and I am in profit, and 5% is still good for me. I don't try to go that further because it could lose me more money if I become greedy. I've learned from my mistakes already and being grateful in a few percentage of gain is hard to master. Unless you've learned how to accept it easily.

I don't really calculate daily profits. I just place bets and sometimes win, sometimes lose. Setting a daily profit target for each bet may force us to take greater risks. I probably won't do that. But I prefer small consistent profits rather than taking bigger risks to achieve a 100% daily profit target. When you force yourself to meet a target, you may unknowingly end up experiencing even greater losses.

It seems to me that you have no idea about sports betting, because the two scenarios you propose are crazy. Some time ago, I saw an interview with a professional sports bettor who said he had achieved a 50% return on his bankroll in 2024. After doing some research, AI tells me that the typical annual return on bankroll for a profitable professional sports bettor is between 20% and 60% of the bankroll. That gives a maximum daily return of 0.2% in the most favorable scenario for the best sports bettors in the world.

So what you're asking is nonsense.

In my honest opinion, slow and steady is always safer and better. Not like i actually advice anyone to approach gambling for profitability, but for the purpose of this thread, I'd say going on a slower pace would be more preferable as it'll potentially mitigate the risk of cleaning out your bankroll faster. plus, it could give you the flexibility and opportunity to use a more decent approach, limiting your expectations from every single bet you make.

This will depend on the type of sport the person bets on. For example, people who bet on fights don't bet every day because there aren't major boxing or UFC events every day. Also, people who bet on basketball, particularly NBA games, don't bet every day because there aren't NBA games every day. In my case, I bet on games from major soccer leagues

such as the Premier League, La Liga, Bundesliga, Ligue 1, Portuguese League, Brazilian League, Eredivisie, Turkish League, and European Champions League. Note that none of these leagues have games every day, so I wouldn't set a 10% profit goal every day, and I wouldn't bet on 100% profit per day. I prefer to bet on only a few games from the leagues I mentioned and don't set goals. There are weekends when the games aren't good.

With the option 1 seems you need to focus with betting all day in that because you are chasing with the 100% gain for a day and for me its quite exhausting instead id rather choose the second option because 10% still a profit gain you can do other things beside from gambling like self investment for new knowledge and skills including the physical aspect well in that case i think im not chasing for the money that much but if you are new in gambling and would like to have more than this option 1 is the most optical to choose.

My experience for sports gambling, of course I personally do not guarantee an aggressive profit of 100% per day and so is the point of two 10% profit for I am whatever bets we do are still called gambling, of course we all understand what gambling is.

In my experience, to gain profits in sports betting while I place a bet for a particular sport from say football if I put up three clubs in the same time, two achieved Victory is adequate, I mean every time I bet and win is good, there is no daily target of percentage for me, when I gamble and win is a luck for me.

Obviously the 10% daily looks more realistic and active and a very good majority will want to go for it as against the aggressive 100% that comes with a very great uncertainty which may not be achieved in the end. Even if there was this level of assurance about your chances of winning, it will still be best to know that you will achieve better chasing the daily 10% than the 100% which may later elude you.

I'm sure by now you know already I will be going for the daily 10% and after ten rounds you can be sure I'm already up 100% which feels more realistic and very much achievable Even without all the assurance in the world, so it still remains best to always look out for the much more achievable option than fantasies which will mostly turn out disappointing.

Wow, $5,000 for gambling capital is quite large for me, so if it is possible for me to put it as a bankroll for betting or gambling, then I play per day using only 10%, which is $500 to play every day, and I will use it for sports betting by selecting a team to further analyze whether it is worth betting on to win or not, and usually I will prefer teams that have a good track record in previous matches. So, I think by taking the more conservative route is  suitable for me. However, we also need to realize that we should be wiser in determining the time and finances for gambling, we know that we must prioritize productive time and safe finances so that we remain safe and comfortable when gambling.

When someone thinks that consistency does not matter they pushed themselves into inconsistent move because the faster way that will ever be reliable is the consistency but slow and steady is what defines it but is better than moving fast today but could not win at the next day which is no fun because risking 100% is as good as keeping the person out of funds in gambling for a while, regardless of what is on the other side after win it doesn't worth doing that. If there should be a place of aggressiveness gambling is the wrong place for it because it could make the person to multiply the aggressiveness in them. Chosen consistency isn't because I win every day but is because gambling needs a gentle person.

LOL...  trying to double your bankroll every day is deadly fanciful. if you follow real pros you will find they always aim for return of 4 to 10 % for long run... they never want 100% YOLO grabs. if you chase large gain within very short period of time then there is high chance you will fall into emotional turmoil & bankroll vaporisation, fam. so if you wanna afloat you should have to stick to a daily maximum of 2 to 10%, slow grind 10 % is still outstandingly warmongering. Being balanced is one step ahead than relying merely on miracle cures.  in lieu lets play long term boss moves & relax with the fantasy.

Ten percent of that bankroll is already pretty good, good enough for it to be considered to be a good salary for common people living in the developing world, so I would go for the secure ten percent of my bankroll daily.
Though, even though it is very attractive, it is very unlikely to get such percentage in sport betting, because it would require us to bet the bull of our money in one or several matches, which could easily turn out against us and lose all our bankroll.
As it stands today, there is no reliable way to get any fixed percentage from betting bookies or casinos, it would be better just to seek for a high yield savings accounts or buy American debt instead.

To each their own, anyone of us have the benefit to do whatever we wish with our money.

If anyone is ever hoping to profit 100% every day is just ridiculously optimistic. No matter what the game and no matter what kind of strategy one employs, that kind of profit is quite unrealistic. There is nothing you can do to achieve such feat.
You can't go big every day unless you have unlimited money which no one has. Money runs out so you instead have to be wise on how you spend it and it is better to be profiting every day with small amount. Of course if we all had a choice we will choose winning 100% everyday but that is just impossible is it?

When it is said to be a professional for having already collected $5000 in gambling,
it is actually a stroke of luck that will remind you to stop for a moment and not bet again.

When I'm in that position I probably won't target how much I have to win,
but do an evaluation and do management of how much I have to play again for a new bet.

Not using all that money to do in some bets, 10% or whatever it is still a win and I think winning is a stroke of luck.

But if aiming to achieve a 100% profit per day it is a foolish move, because everyone in some bets will not get a perfect win, there will definitely be a loss.
Such an aggressive target will only increase the risk of losing everything, preferably slow but sure and not psychologically disturbing.

I am someone who like going slow and steady with my grind and also playing safe. I don't know of many businesses that pay their owners or staff 100% on daily basis. So I don't want to try that with gambling which I know it's a 50/50 chance. I won't say it's impossible but I don't want to put myself in that high risk level. If I can see 10% of that amount from gambling where the probability of winning his higher and the risk lower I will gladly go with that. If you are making 10% of $5000 on daily basis you will live comfortably and be able to afford whatever you want. In the end it all falls down to individual risk tolerance level and am not the high risk taker person.

Honestly depends on my bankroll, if just like your example, I would take the more conservative and target 10% profit per day but to be honest I will play as long as I want until I satisfy but of course I will still be on the strict side, it's slow but it's way safer. However, if I have around $20-50 I usually use it to parlay with around 5-8 matches and usually even though it's 100% of my bankroll, in general its lower that's why I'm not afraid to risk it and target a 100% profit daily, compared to a $5k bankroll.

The stakes for losing on going big to double our money are high due to the risk involved compared to that of the chance of getting a success.  When am gambling I try to avoid gambling with a high percentage of my bankroll, I go with not more than 5% for each session to avoid getting my balance cleaned up quickly before I start even enjoying the game. But with less than 5% allocations I have also observed that I get more chance of getting lucky with my bet to get a win.

First of all, consider that risk of both strategies. Aiming for 100% of such a huge capital is possible but at the same time the risks are very high. This might make you select odds bigger than 1.40 odds which increases the risk for that amount being used. Making 10% of that amount everyday seems like the safest option to go with but it has it's own risks and one of them is very obvious, you can't win on a daily basis

Bhai aiming for 10% every day :-X! ! however, is a dangerous dream.  in my country i have seen many regular gambler rarely hit those numbers consistently. In my case i always try to wager between 1% & 2% of my bankroll on each play.  Daily pursuit of large returns may result in burnout or worse.  It is unsustainable like trying to sprint every step of a marathon to win.  Rather concentrate on placing consistent, well informed wagers & allow compounding to do its impressive show.  always keep in mind that the race is won by being slow & steady ;)

best,
Duke

This is the part I love the most. I rather take a higher risk with a high amount to get 100% profit instead of doing it gradually and gaining profit by 10%.

Although this kind of approach is might result to several consequences. Chasing 100% profit everyday, meaning I will be exposed to lose 100% if I dont win. The chances are even.

This questions are funny to ask and if it were to be as we thought, then things could have been more better, because it is obvious that everyone will aim for the best and which is the highest, some will even go to the extent of using their entirely savings to gamble and risk it hundred percent, all because they wanted to earn more from what they are using, but at last, we are meant to be reminded that gambling is not a source of income, instead what we are to do for the benefit is being safe to risk losing all we have is to stake responsibly, not by 100%

As much as earning 100% profit is quite tempting, however, with my kind of person and my risks tolerance, I would rather choose 10% profits daily which is way safer and does not expose me to much risks. 500$ daily is not bad as a gambler, it's still a fair offer. I won't let greed push me to lose everything.

It is clear that many people will choose number 2 with a slow process of getting a 10% profit from the capital is a pretty big win if it can be done consistently, unfortunately it seems like it will be difficult to achieve if we talk about facts, because I think that a capital of $5000 to achieve a 10% win is very difficult, the more capital the more difficult it is, but it is different when talking about a capital of $100

How can it be different though? Are you just not comfortable handling $5k that it would actually affect your strategy?

If I had that kind of bankroll, honestly I’d be fine with it. Even just 10% profit from that amount is already pretty good, and if it’s consistent, then in a month I could basically retire from my job and just focus on sports betting.

You know how it is, if you have the skills and it makes you profitable, then why not invest more into it? Personally, I wouldn’t even mind increasing my bankroll to $100k, maybe even loan against my house if I see that I can consistently win in sports betting.

On normal ground, approaching going without setting a daily target is a safe way to go in order not to get too disappointed. But what if you find yourself in a situation where you are provided with funds and you have a target to meet, but you are not given any limited time to meet that target? How will you go about it, as I think that’s the point the OP is driving at? If it’s better to go all in on one bet to try to double the bankroll, or go in little by little with efficient management and still try to achieve the result, which one do you consider to be the best?

If this was a contest I would have opted for the aggressive route and just get things over with but if we’re talking about my daily routine then the conservative approach would be better for me.

Slow grind, seems the more enjoyable to me - risk little by little, take your time to analyse and then place your bet on it. And then take the little profits that you might realize from it.

I’m not that confident in my analytical skills so I know that I would surely develop arrhythmia if I should go for the aggressive approach all the time, once in a while wouldn’t be bad but for all the time, nah! It would be a no go area for me.

I will choose number 2 because I don't want to risk my money. Gambling will not be a good choice to profit so I must be careful with my money. I prefer to slow grind but safer while I can check the result and see the money I have.

If I use gambling as a way to make money, I should be good at analysis and have much knowledge. I will not stop learning about analysis especially related to sports. That is my key to having better skills in analysis.

But if that happens to me, I will not use gambling to make money. That will be too risky because I realize that I don't have as much knowledge as others.

I am playing for fun but still I like to win, what I don't do is to sent a potential targets for the daily profits am expected to get. I only ride along with the flow of each day I am betting knowing that every day can not and will never be the same. If one is putting a high hope in getting 10% every day, how about when they don't get that amount, the person then becomes depressed or start to chase losses or to chase if they can achieve that profits regardless of any lose.

The second option, which I find more comfortable, is consistently earning a 10% profit while taking lower risks. I'll bet on several matches and only wager a certain percentage of my gambling budget.

But in reality, when I'm betting on sports, I never set a target for how much I want to win. If I win 50%, I'll withdraw it, but if I only win 10% or 20%, I'll use it again to bet.

Alas, that is why betting on sport is never supposed to become one main source of income, because greed and the seek for money plays a very strong factor on when one decided to stop and withdraw it all, you know.
It is very difficult to have a balance on greed and common sense, there are even people I have seen on the internet who have managed to double their money in a single match and guess what? They do not decide to withdraw all of it and enjoy it in real life.
Greed tears the sack and makes all wealth to get lost in a very short period of time.

If you have much money which you are willing to lose, then I think it is okey to go with 50% before withdrawing and enjoying all of it, but if your budget is lower than that, then step it down from 50% down to 30% before calling it a day. Just my two satoshis.

10% every day it's not pretty good, it's so good that it's literally impossible.

If I start with $1000 and win 10% every day, in 30 days I will have a bankroll of $17.449
In 90 days I will have $5.313.023
In 365 days I will be the richiest person on earth with $1,28 quintillion.

It would be better for the question to be 100% daily betting everything or 1% daily with a smaller risk.

I would prefer don`t plan any numbers.
The best way is to follow your strategy. If i would get today 1% profit, tomorrow - 3% and next Saturday - 20%, it would be good week.
The worst thing in gambling you can do is to plan profit. It means that you will do your best to reach planned numbers. But the same time it means that you will increase risks, bets, etc. You will break your own rules.

There is no fun in a hurry of sports betting, that's why if it's me. I'll take this route. The slower one and the fun is in there.

Or, this is a much better stratey. No hurry and you'll just gamble in a slower phase without having the needs to push yourself in reaching those gains that you're in sight.

I do sports betting primarily for fun and not neccessarily for the money. This does not mean that I don't aim to win as well. So base on this, anyone goes for me. A win is a win regardless of what amount is involved. Even without money involved, there is still this satisfaction you get knowing that you made a prediction and it happened exactly the way you predicted it.

Expectations hurt so much when they are not met. Having some high expectations can make one not appreciate small wins while still getting emotional unnecessarily. When a gambler plans ahead what profit he wants, it raises his expectations. If he doesn't get that or even got something below his expectations, it would hurt him.

The best strategy (on my view) is to win all bet placed and reduce all loses to 0. Literally, to be in profit, only long streaks of wins are allowed.
Doesn't matter the odd. It means that ANY bet should be gambled if a gambler knows that this is a win.
Even if this is a short trade, like the classic buy and sell of an odd in betfair, any gambler must have a budget specific for these bet.
I would not focus on a target like "% of win" . Maybe have a record streak of win or in general trying to close ALL day in a month with a profit would be a better target to achieve.

I prefer to go with 10 percent daily considering how large my bankroll is...if the target is to make a hundred percent and opt out then that would have been a good option but a hundred percent everyday isn't really safe compared to ten percent daily even though nothing is completely safe I'm gambling it's good to always reduce the risks and go for something that has a higher chance of achieving...if you are going with the first option your stake must be very low

10% profit a day for a bigger bankroll is beest and more safer strategy but not really for someone like me; a small bankroll gambler who goes in all on X50 and above. Small stake, high risk, high rewards and nothing much to lose just aiming high.

Another strategy I like is 50% ( 1.50 odd) instead of going 10% multiple times a day, you could do 50% a day instead.

That sounds cool shows that you're not greedy cause if you rather choose 100% then I'll say it would be very tough to achieve that daily, you might get lucky on your first second and third trial but on the long run the house would do their thing and you'll begin to see more losing streaks than winning, 10% wins gradually is not a bad idea mate it's even less riskier than targeting 100% profits daily, also have it in mind that even with the little profits you aim daily, you're not assured consistent wins, with reason that you can't be very successful in gambling you'll win some and also lose in some days.

Playing with such targets just puts unnecessary pressure on the player to play recklessly in trying to make some profit,  besides gambling is not so easy to think everyday will be the same and paying you with some profits...besides for ones mental wellbeing,  I wouldn't advice anybody to go this route,  play for fun without any kind of target's.

Go out there and have some fun  8)

With the bankroll of $5K trying for $500 is looking decent but still it's not possible because gambling or sports betting has never been easy to predict always loses on cards and these can bring negativity as well because while facing uncertainty sometime peoples done mistakes.
Good thing is without greediness and having good mind for staying balance always helps peoples usually lost their patience and then suddenly things gone into wrong way which are hurtful I never follow any strategy but now with few changes going to have done experiment hopefully I will be able to have some good results which will increase profit and also give better results.
Here surely if someone can afford $5k bankroll he can go for this as experiment because it's always interesting to have stuff like this.

In sports betting, odds are allocated to games so my target is usually to get a win in five odds which I forecast daily. As you know, to win all the games have to play 100% unless you decide to use the cash out option when some of the games have played. I don't usually use the cashout option, so I aim for 100% profits on any bet I place. That is how I operate and it has been working for me but the only challenge most times is selecting the matches that will not fail.

It is never good to gamble recklessly, it is better to gamble gradually and conservatively. Here, if I have $5,000, then 10% of that means $500 per day. It is very reasonable to use gambling because if I gamble with $500, I can definitely earn $15,000 in 30 days. I am not assuming $15,000. I may lose from here, so I am assuming $10,000. Still, my bankroll will increase by $5,000 in a month. So, of course, I will choose a 10% rate every day in my gambling. I will never choose 100%. Moreover, choosing 100% on a gambling platform is completely foolish because when I try once with $5,000, it will be completely up to my luck. If I lose, I will be completely damaged. I will have to follow a different path to participate in gambling later.

I know that it is pretty much impossible, it is something one could only hear about from ponzi schemes and other fraudulent schemes with extremely high yields, though of someone is good enough at sport betting to get such level of accuracy and get ten percent of their bankroll each day, then  it would be just a matter of time the odds of the market would be affected by that single person betting, because of the size of the bet.
Even one percent per month would be suspicious, as it was the yield offered by the biggest fraudster in history, Bernie Madoff.

Targeting a full return on each wager can be useful as long as we have a plan and discipline in our match selection. The point of concern is in the analysis, if there is only one mistake in a match it can ultimately ruin your results. We need to view all of the statistics, team performance, consideration for external factors such as; player condition or weather to verify valid conclusions. Now as we are not cashing out, there is obviously much more reliance on your faith in your calculations. This is all fine as long as you are aware of the risks involved. As long as your approach is determined and systematic this process will return long-term profits but it will require patience and good emotional stability.

Well, I'm a pro gambler right? Yeah, if me being a pro gambler isn't just for show but a reality, then I think going for the 100% daily profit isnt really a bad idea and I supposed I shouldn't face any or alot of problems achieving that, but I understand that the higher the opportunity to make money, big money, the higher the risk involved, so considering this reality, I did conclude that I will finally settle with getting a more like assured 10% daily profit with close to no risk.

Yeah, 10% daily profit simply means that you only need to get that consistently for just 10 days and you are already 100% up, imagine being able to double any amount of money you have within just 10 days and absolutely no risk at all, its a big opportunity which I believe those who have sense would grab with boths hands, this is just we daydreaming, because such is almost not possible at all, that is, to consistent make 10% profit daily from gambling all through without missing it a day, it's impossible 🙅

One thing about gamble is that once you act greedy you lose it all, greed and gambling are two things that can't work in the same direction. consistent is what really matters in all, however your aggressive aiming can only expose you to greater risk and stripped you the opportunity of hitting it big.
Gambling is not a do all die affair, it doesn't lies on how professional that you are but how lucky it fall that day, it is more better having it slow and steady than going aggressively without and positive outcome.

It is difficult to achieve 100% profit per day so I may set 10% profit per day. But that is only if I have the skill to analyze and find the right team to bet.

I prefer not to rush to make money in gambling because that will not happen easily. If I can make money steadily, that will be good for me. But that is difficult for me so it is not worth it if we take a big risk in gambling because we never know when we will win.

But some gamblers will chase more winning especially those who have skills. That will be up to them because they know how good they are at gambling.

That could also be wrong because you don’t emphasize enough the weight of being a professional. Luck is something we can’t control, but professionals are different as they believe in themselves because they actually have the skills to be profitable in gambling. So in that sense, if we’re being objective, we should be talking about real strategy, not just giving advice on how to minimize gambling or assuming it’s all about luck.

It all depends on what you want to get this profit from. As I understand, it’s about betting, then everything will depend on the size of your stake. If the bankroll is large and the stake size is also big, then even a 10% profit will be a good result, but at the same time you need to take risks into account, because there is a chance of losing the entire stake. And if the stake size is small, then there is no sense in betting on low odds; in this case, you need to place a bet on higher odds.

If we are to ask everyone, we will all desire to get 100% profit marginalization each day in gambling, because i don't think there is anyone that will be interest to lose a game for nothing, aside the fact that we may not be after the money to make form it, but the ability of always been at the winning edge each time we are gambling, but to an extent, we should also look at the risk in this situation on how possible it is, can we often achieve same as we have thought.

I agree, there is a satisfaction if you're winning and that's why even if the amount is small, we get satisfied with that. And so, if the slower approach is already good for us then we cannot hope for more about it. Because that's already enough and as you've said even without any money as long as you get the win, that's all that matters. And I understand where you are coming from because that's a normal reaction for someone who's already content with how he win.

The best plan is to make your job excellent. If it is so, you will get profit. But don`t think about numbers.
I had bad weeks, when i lost more than won, i had normal weeks, when profit was 2-5%, i had excellent weeks, when profit could double my bankroll. Just make your job and don`t care about numbers.


Exactly. But this is not the only reason. The same time you need to make some changes to get planned profit. It can help you to get profit, but mostly you will make mistakes.

I think the answer here is clear and obvious, of course, these are the words about 10% profit per day, because I think that even such an increase to the deposit is extremely huge and practically unrealistic.
I'm not sure that in many gambling games it will be possible to get even these 10%, not to mention the answer option with 100 percent, because luck may be today, the day after tomorrow, another week - not on your side.

And even if after several such unsuccessful days there is a win, it is not a fact that it will be able to cover the average plus 10% per day.

As much as I want to execute the best plan and make it an excellent one, we know that in sports betting it's not always that we get a good day. So no matter how good we are, there's always the time that we'll have some losses. And as much as we want to avoid the numbers, that's actually the goal and subject of what OP has brought so it's kind of important but if it goes that way as you've said, much better to look at that perspective so it won't bother chasing numbers.

If you sports bet it's a bit possible because even a 1.01 odd means 1% profit. The problem is when you lose and need at least a 2.0 odd on top of the original value to recover everything, which is why you can't just go all in with every bet, even the smallest odd will fail one day because otherwise it would be free money and no one would need to work anymore. ;D

At every point, it is always better to stay with a steady with winning strategy and go on the bankroll in a manner that when we lose, it won't take away all that we have won. Being consistent with the rate of winning and profit is better to go in all and regret from that. There is no perfect game to bet in gambling especially sports betting, very ridiculous odds that are small have spoilt winning game while bigger odds that you don't expect to be successful because it is gambling and not always predictable.

Either aiming 10% or the 100% isnt as easy to be achieved on the consistent. What matters now is how you can manage that $5,000 bank roll to explore or be sustainable in the long term which success can be achieved by minimizing your risks by aiming lower percent returns. So 10% will be okay in a scenario like this.
I agree that sport bets are games of uncertainty especially where two big teams meets or small teams meets. So where a 10% profit rates isn't possible to achieve on the daily, the risk will be higher if aim 100%.

Same with how I am investing, I think I will go the safer route as well, and will choose the "slower and safer" approach.

Aiming for a 10% profit per day is more realistic than the 100% profit per day. We know that not all the time we are lucky so having that safer approach is better at least for me because what if today isn't our lucky day? Then we can still have money to use for another day. In sports betting, analyzing could help you make better decisions in your bets, but that doesn't mean that you will win 100% of the time.

Also to make this more safer, I'll just always choose the favorites on that match to have at least higher chances of winning. :D

The disadvantage about going smaller odd and big stake is one bad day is enough to wreck 5 days of non-stop profits.

10% of $5000 is $500 x5 is $2500

One day wrong bet and the $5000 capital is gone, you're only left with $2500. Can't even take risks so what's the fun

Well it depends on the situation, sometimes I may gamble aggressively when I have enough bankroll to gain %100 profit  but when bankroll is lesser I may as well chose to double up fast with the high risk. So actually it depends on situation as all situation can never be thesame.

Well this looks cool by saying but it may be difficult in reality and in the long run, but however if this is available then it will be good since it involves low risk and low return it will be a good and sustainable long term game.

Imagining this is possible (in the real world it is not) ;D

I choose 10% daily. It's better to earn a little each day than nothing. With lower risk, patience and prudence are the keys to success in this situation. I'm the same with investments; I prefer lower risks and a reasonable profit in the long run, rather than taking too much risk and suffering an irrecoverable loss.

Whichever you choose among this two options is not actually bad, but in a situation like this I think betting slow and steady is the right option to go for, rather your profit is going to be little compared to when you're going Big. but I'm not a greedy gambler so I would prefer being consistent because if you decide to go big your bankroll won't last long, Because some gamblers can decide to be going with $500 or even more and sometimes we gamble for like 7 to 8 times before luck can still get to us. But when you're betting consistently with a little amount I'm sure you won't gamble with the whole money so easily.

The topic might have centered it all on sports betting but, it’s extensive to gambling as a whole. However, with sports betting being the one place you could be some means be able to pre-determine just how much you hope to win by odds and stake, you really get the chance to predict right. I don’t really have a percentage daily but, should I see odds that brings me 30% to my original stake and maybe more, that’s a good profit margin.

The fun isn't there and the safer route is still the best choice if there's a goal. So, this solely is in sports betting and both are doable. But we know to ourselves if we're so good in it and I think that the best ones have got a lot of money to stake and lose. However, to the normal folks like us that don't have that much to bet on, given the amount of bankroll for this condition. Many might choose to take it slow and bet only with a couple of bucks for every match that they'll bet.

And this is an absolutely correct conclusion that should be chosen by any person who has experience in investing or has experience of at least fully controlled self-government in gambling.
I tried to imagine a case in which the desire to quickly receive 100% of the deposit would be justified, and probably the only such case is if you need to give the money back very quickly, otherwise there will be problems with the bank.

I will choose none because I am not looking for daily profit from gambling sites. I have realized that even thinking of making money from gambling sites is also a red flag because such person will lose money instead. As someone can fall for high odds in short term term, so can someone fall for low odd in a long time but not that long term. I have gone for high and low odd before and both are like the same. I gamble weekly and that is during weekend and not daily.

When i just planned to start the game, my plan was to compare my monthly profit with my salary. But compare not only salary/profit, but also time expenses. Good result for me would be 50% of salary for the same time expenses after two months of the betting. In such way i can calculate is it a good/effective way of spending time or it would be better to stop the game and spend time in some other way.

Testing your knowledge and pundit skills on sports you love and taking risks trying to hit higher rewards, going against the bookies favorites markets and against all odds with the little amount you can afford to lose is what makes it fun.

$5k bankroll is what $50 bankroll is to some of us. There are levels to things so it's good to know where you belong. High risk, low stake  ;D

I agree, it's very dangerous to set a fixed amount when it comes to gambling. Gambling like you said is for entertainment and not an investment whereby you set a target to get a particular amount that you must make. Most people that do this are driven by this targets that they set for themselves and at the end of the day they end up losing because of their high expectations that they placed on it

It is called a "Challenge" in sports gambling if you're targeting a fixed odd with a fixed amount to achieve a certain profit margin. Is it not dangerous as the chances of winning with smaller odds are always higher.

Why aim aggressively when I can easily get to lose the money with one wrong move. The goal is to hit the jackpot one day but risking more than what we can afford to lose makes us a failure just even before we embark on the journey. Risking to earn 100% profit should at least come when you’ve made more than enough of your capital and will want to risk all in to hit the jackpot.


I will go for this because it is the best and safest approach one can use to remain in the game for far too long. The chances of winning are not much, to get to win at least once in a while is to stay consistently playing. Aiming for 10% daily and risking only 2% is a good bet that will make you stay profitable in the long run maintaining a good risk management. And for every time a win comes, it covers for five losses which is a good risk management to be employed.

Considering the amount I think playing aggressively would not be the best approach even if it can get you the results you need at a fast pace but that might be very risky. Its better to focus on making 10 percent of this amount on a daily basis. If you can successfully keep up a winning streak for a good amount of days you would definitely make a lot of money, although this has it's risks too because winning daily is impossible

10% daily? Do you have any idea how that kind of gain compounds your initial deposit into?

If you start with $5000 and make 10% daily, after a year your initial deposit will become:

$6,416,527,901,566,967,000.00
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php


https://www.talkimg.com/images/2025/09/02/Un6qBv.png

If you think 10% daily profits is low, you must be on some kind of drugs because 10%/daily ain't no low profits at all. It is actually not even achievable.

I would be glad If I was making 1% daily and that kind of returns would turn my $5000 into almost $190k in a year. Even that is not realistic but way better than your expectations.

You're right. That's how small it is for the other gamblers who's got a lot of bankroll but to us, small time gamblers. We know how huge it is already and how long it can turn us to the games that we'll do it. Sports betting isn't the only choice but I'd avoid the other luck based games if there are other ways like through poker, I'd do it. So the games that has a slower progress has a better chance of winning.

In my opinion, if i am read the options above, it really depends on understanding and which items they choose. In fact, winning is possible if they have sufficient experience and are experienced. If they just only been playing for a few months, I think it'll be difficult to achieve quick profits, and the second option is definitely worth pursuing.

If the direction of the game is clear, it's not impossible that the first option will become the main mission, so the desired target will be achieved in a short time and doubled. The key is to have sufficient capital, a large amount of capital, and a fast turnover that way it will be easier to work.

Consistency in gambling isn't a guarantee so that's not what I'll be targeting, I'll be targeting getting just one major payout before thinking about being consistent with my other bets or not losing too much to put me on the negative side. A 100% profits will be Ideal target for me so I don't have to overwork myself. Gaining 10% might be looking doable but not many gamblers can achieve this and since I'll be realistic here, I'll just go with doubling my capital in the quickest time possible. 10% increase is a bigger profit for those thinking it's too small and that's why I think it'll be harder to achieve.

Everything is correct, 100 percent profit is a practically impossible value and if you think logically, then, for example, in roulette you can get 100% profit by betting on black or red, which, in principle, will give a risk of losing  bankroll of 50%.
Therefore, if someone has skills in playing poker or blackjack, then it is better for such a person to try to increase his bankroll there. After all, it has a greater influence on winning there.

You can’t really give an opinion if you don’t fully understand the topic. Read carefully. this isn’t about roulette, it’s about sports betting. Those two are totally different. Roulette has a massive house edge, while in sports betting you can reduce or even beat the house edge if you know how to spot value bets and shop for the best odds.

And just to be clear, aiming for 100% profit daily is impossible, even 10% daily is unrealistic.

Gambling doesn't work with consistency because is a game that luck plays a significant role in determining the final outcome so relying on consistency can never guarantee you winnings, rather it will still result to more losses at the end of the day.

However, since am not gambling to become rich overnight I would only go with 10% so that Incase if anything happens along the line I would be able to control myself without thinking of chasing losses.

Depending on the uncertainty, if we try to earn 100% in gambling, then we will lose all the money in the bank roll. Maybe some gamblers can get 100% or more money for a few days, but it is not possible to do it regularly. The more a gambler bets, the more likely he is to lose in gambling. It is better to be satisfied with getting a little. I think if you can keep profit of 5% instead of 10% daily, it is also good.

It's okay that I gave an example from roulette, because the topics of betting and gambling go hand in hand. Betting gives the bettor the opportunity to make almost the same decision that I described above for the gambler. Imagine a match with odds of 1.90 for each team, where we have already taken into account the margin of 5 percent. The bettor can either almost double his bet or lose everything. That's all, it's almost the same as roulette, which I wrote about before.
Why almost?
It is obvious that teams can be analyzed, as well as the match as a whole, which will give a probable advantage over roulette. But in general, these are extremely close comparisons.

I think that numbers here are just for example. The idea is to choose a way between high risk and big wins or slow risk and slow grow up.

PS. The same time, i think that you would bet mostly match day or some competitions, so you would make 2-3 days per week. It doesn`t break your words, but correct it.

That's interesting because the result is very counterintuitive. But the OP didn't say, if I'm not wrong, that he would re-stake the winnings. Anyway, $182,500 in a year investing only the initial $5,000 isn't bad either...

Yes, the problem is that this is just daydreaming. I doubt anyone can get consistent gains in sports betting, not to talk about such percentages.

I can not assume how would I act from sport betting pro position, because I am neither pro gambler, not often sports bettor, but for sure I would not be satisfied with 10% daily profit. This is only one 1.10 bet, which is an absurd bet to make. I would end betting if I double my deposit (taking into consideration if I deposit-withdraw every time), however I would also be happy to see 50% profit. I would better take less and return, than risk or repeat and lose all.

Yes, it’s super aggressive if you will aim x2 of bankroll per day if your bankroll is high. But if your bankroll is just 5 to 10$ I believe that percentage is fair.


The answer this relies to your bankroll size on the risk you are willing to take.


I don’t have fixed percentage since I settle on the amount of profit not the percentage.

When it comes to profit making, no one will like to take a smaller portion for this, because they will see it as an advantage they must quickly grab and be able to utilize well, but had it been that many would realized the reason why a 10% daily profit realization is more important and easy to achieve than the 100% they may not easily get as they gamble, but whichever comes our way should be by privilege which we never expect or prepared for.

Accumulating consistent and stable profits is always better than chasing a single big win. Dissatisfaction with small wins is a dangerous psychological trap, triggered by memories of past losses. This lures players into tempting, misguided strategies like the Martingale, forcing them to continually double their bets to cover losses. However, if the Martingale is applied incorrectly, the risks involved will also be higher.

The slow and steady method is how I do mine as well because betting is a 50/50% chances and I honestly don't want to take such risk in these case, I would feel a lot better accumulating my stable 10% profit consistently rather than chasing losses. I choose the second option that OP provided because it's safer and healthier for me to handle any loss in the game and also I understand that I'm not gambling to get rich overnight and I know that slow and steady wins the race so I'd rather be consistent with 10% with lower risk than go for 100% daily profit that would probably give me a heart attack if it goes haywire.

Since it is not possible to choose our own journey in gambling, i will be realistic and go with consistently chasing smaller profits daily. It is hard to win in gambling, irrespective of the approach applied, but i believe it will be relatively harder to try and double your bankroll daily, that is as good as impossible. Smaller wins seem more possible, but of course with a lot of losses in between, now that is realistic and the fun part of gambling, were it feels like a game.

The OP title says in sports betting, what is logical is that it is possible to hit 100% at an ease. 100% for $5000 is a potential 2 odds in sports betting, that is like doubling your deposit at once. Gambling on 2.0 odds is far easy than playing in any slot games to hit 1.5X the actual deposit.

Going for 100% everyday is said to be greedy risking that amount daily, instead it is bearable to have that amount risked on 100% for a week, either by accumulating gradually or in one bet that has the best possibility of winning through the whole week.

Having a consistent winning as gamblers is very difficult and I don't think that could be possible. The casino we are using want to be making money from us especially the users and we want to do likewise. This brings about who is smart enough to take the bowl. Casinos would always be profitable from gamblers whether we like it or not. There is nothing that is guaranteed in gambling and we need to understand that so we don't end up losing more that we supposed to keep or save.

I'd choose the conservative route. $5,000 is a good amount of capital. I'd look to increase it little by little. If things go my way, I could increase the amount a bit, but I wouldn't do it constantly. Even if I expect a steady profit, I might experience a losing streak. If I experience such a losing streak, I can bet high again. I'm already on a losing streak, and I think maybe my luck will return with higher odds.

10 percent on a daily basis seems like that safest to work with, although there's nothing that's completely safe or guaranteed when it comes to gambling. 100 percent profit daily is way too risky for such an amount. But if you don't carefully analyze that games you select to get your 10 percent profit you are still going to end up losing. In sports betting we all know that the odds doesn't really mean anything, what matters is how well you manage your bankroll and analyze your selections

The 100% is just a quick way for the bettor to get his or her self addicted on time because there's no way such profit can be a daily achievement, probably some days could be lucky day but not as often as they would easily have a higher chance if they just go for the 10% but even that one is also by chance and not a guarantee that you will get it every day because gambling and betting does not work like that and don't allow people make a specific consistent profit every day.

Gambling is very unpredictable, and keeping in mind the profit that you want, you may not have it in the end. Gambling with a specific amount of profit can be tempting because it sets expectations high, and sometimes, if you are not able to achieve it, it can lead to making wrong decisions.

 The best thing to do in gambling is not to gamble for profit; just remember that gambling is unpredictable, and one can have any amount as profit. If you are lucky enough to win big, then good; if you win small, just be content with the profit. Insisting on making more money in gambling may lead you to lose everything in the end.

You must be a very rich person because $5000 is not a small amount of money at all. With the money that I am receiving as salary, I can not bet more than $25 weekly. But from my own decision, I prefer to just bet $10 so that I will not see gambling as a means to make money. Most of the time that I am gambling, I am losing.

I really agree with this. Even it should not be about needing the amount you have in mind to win daily, you should not even think of profit at all while gambling. But sometimes profit may be what will happen.