$5000 to $80000 in 12 months with 3% compounding strategy

[buwaytress]

Perhaps the bad replies owe something to the thread title, might be clearer to just focus on the compounding strategy, which to be clear, has many similarities to career gambling with poker players.

I recently tried to structure my sports gambling as well, and agree that the most important is to be patient and disciplined. I'm perhaps even more conservative, waiting for bankroll to go 20% before increasing units value by 10%. So it will be a slower compounding, but since I'm learning and experimenting, as well as noting the limits, I can still bet for a long time before reaching those limits.

Note, bankroll was only $600 or so, I will consider the experiment a huge, huge success if I could double that in a year.

SyGambler has a valid point as well with Bitcoinrush. Lowest margins on pinnacle. My series of only 30 plus bets already show unit advantages over Nitro well over 100... Similarly, compounding fractions of margin amd, therefore, profit advantages add up!

[Hydrogen]

Compounding interest can be a beautiful thing. How often do you project interest to compound to hit $80k? Have you tried something like this, before? What were your results?

One point to consider is interest will never truly compound due to betting limits. At a certain point 3% of your bankroll will become greater than maximum bet limits offered by bookies. Offhand people will probably think that $5,000 to $80,000 on 3% compounding interest is unworkable under real world conditions and they would be correct to think so due to limitations inherent in bet limits, etc.

Note, bankroll was only $600 or so, I will consider the experiment a huge, huge success if I could double that in a year.

I would be curious to know your current ROI % (return on investment).

In the past, the highest I achieved gambling on sports was 16 times my initial bankroll. I got overconfident, lost discipline and went *all in* on what turned out to be a losing call. Earnings and profiteering potential are so great it can be intoxicating. There could be a correlation between big wins and big losses. lol

[buwaytress]

Compounding interest can be a beautiful thing. How often do you project interest to compound to hit $80k? Have you tried something like this, before? What were your results?

One point to consider is interest will never truly compound due to betting limits. At a certain point 3% of your bankroll will become greater than maximum bet limits offered by bookies. Offhand people will probably think that $5,000 to $80,000 on 3% compounding interest is unworkable under real world conditions and they would be correct to think so due to limitations inherent in bet limits, etc.

Note, bankroll was only $600 or so, I will consider the experiment a huge, huge success if I could double that in a year.

I would be curious to know your current ROI % (return on investment).

In the past, the highest I achieved gambling on sports was 16 times my initial bankroll. I got overconfident, lost discipline and went *all in* on what turned out to be a losing call. Earnings and profiteering potential are so great it can be intoxicating. There could be a correlation between big wins and big losses. lol

It's only my first time properly recording performance, using a structured betting approach. In the past, I have made many more times bankroll on tournaments but with risky all in bets using enhanced odds, but probably breaking even when pitted against the losses on regular betting throughout football season.

In the thread I link above, I don't specify so i will edit OP but I only bet 1% of bankroll on every new wager, once a day on average, expressed in units. This 1% will only be adjusted once bankroll is at a certain profit level. Currently, after almost 40 consecutive days, the bankroll is over 10% in profit. Compounding at the same performance level should take me to doubling bankroll in under a year.

Conversely, if I don't do well, I would lose half that in the same time, if my performance deteriorates by about 40%. I didn't make the exact calculations but that wasn't the entire point of my tracking... The point was to illustrate long term gains from choosing a bookie with lower margins.

[Cacingkemi]

Incredibly I don't think that way.I just thought how a day can get 2x Multiply from my bankroll sounds crazy indeed cause lust and not the patience that is in me makes me greedy,but after seeing your strategy method I might apply it cause there is an old saying of patience is the essence of luck.

[wxa7115]

Its amazing how many people think that its impossible to win in sports betting. Its true you cannot win in any casino games because they are all -ev games but sports betting is the only thing that you can use skill to turn it into +ev and in turn win. However, 99% of the bettors lose in sports betting. Some lose because they are horrible in picking games. But most lose even if they are good in picking games because they lack the discipline to manager the money and bankroll. If you can show little patience and composure, you can turn a small bankroll into a bankroll into a fortune.

The money management to use is the 3% max bet compounding strategy. You can read that money management in depth there but in short it is a 1 to 10 unit scale where the max bet (10 unit bet) is 3%. This means each unit is 0.3% of the bankroll. You will never bet more than 3% on any games (10 units). Basically after 1 betting day, you compound the winnings into the bankroll and adjust the unit size accordingly. If the day ends in loss, you maintain the same unit size until a new high in bankroll is reached, and then adjust the unit accordingly.  With this method you can double your bankroll pretty fast as long as your picking skills are half decent. Those guys double the bankroll on average about every 3 months. This means after 12 months you would have doubled the bankroll 4 times. So if you start with a 5k bankroll and use the compounding method, your bankroll would be 10k after 3 months, 20k after 6 months....80k after 12 months. You can check the picks in thisspreadsheet https://docs.google.com/spreadsheets/d/e/2PACX-1vSm1yWRXjlPfjr4EX3NPBbHJ2te-KaKkBBKaej_3Pw1V_6Dh6yPD6Me6MoT16lhtsUva84YUTnttn67/pubhtml  The log section has all the picks, the dashboard shows the growth summary and the daily shows the daily ups and downs.

I am running two portfolios with those picks....one with $10k bankroll in pinnacle and the other with 2bitcoin bankroll in nitrogen. I am loving the bitcoin portfolio because its one of the best way to increase your bitcoin volume.

It is very interesting at least to me that the system that gamblers use to protect and manage their money is very similar to the systems that traders use in order to achieve the same results, for example when you are trading your stop loss, which is basically the amount of money that you can accept to lose in each trade, it cannot be bigger than 2% of your capital, you can choose a more conservative approach but 2% is the max that you can risk in each trade.

If you have a system that allows you to earn money out of your trades you can endure a lot of consecutive losses without losing too much of your capital and eventually when the good days come again your bankroll is going to recover very quickly.

[bitcoinpunter]

It is very interesting at least to me that the system that gamblers use to protect and manage their money is very similar to the systems that traders use in order to achieve the same results, for example when you are trading your stop loss, which is basically the amount of money that you can accept to lose in each trade, cannot be bigger than 2% of your capital, you can choose a more conservative approach but 2% is the max that you can risk in each trade.

If you have a system that allows you to earn money out of your trades you can endure a lot of consecutive losses without losing too much of your capital and eventually when the good days come again your bankroll is going to recover very quickly.

The thing is most sports bettors don't use this kind of method, that is why they lose. I am trying to say that this method works. And like in stocks, in sports betting you have to run multiple portfolios for each tipster you follow and for your own picks. By running multiple portfolios with dedicated bankroll, if one sucks, it wont affect the other. So far the best tips i have seen are from bettingresource's and i use their picks for my biggest portfolio.

[wxa7115]

The thing is most sports bettors don't use this kind of method, that is why they lose. I am trying to say that this method works. And like in stocks, in sports betting you have to run multiple portfolios for each tipster you follow and for your own picks. By running multiple portfolios with dedicated bankroll, if one sucks, it wont affect the other. So far the best tips i have seen are from bettingresource's and i use their picks for my biggest portfolio.

This happens with trading as well, I have seen people in different markets earning great profits in the first months of their careers because they take huge risks, but the risk of ruing is incredibly high since they are taking huge risks like risking 25% of their account in each trade, which to me is completely crazy because they only need to lose four times in a row to lose all their capital, they do not seem to realize that once you have a way to beat the markets then the most important step is to have great money management skills.

I have always thought that in order to become successful as a trader even a winning system is not really that necessary, in average a person should win about half of his trades if he picked randomly the point of entry, so if that person has good money management skills it could still turn a profit.