My $50,000 betting goal by 2024. Share Your Thoughts With Me.

[wheelz1200]

There is one thing I do not understand.

My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

<...>

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

Do you want to wager a total of $50,000 or do you want to win or build up a bankroll of $50,000 in the year 2024? These are two very different things.

That's my question and is there anything in terms of bet value?  If you are betting $1 a game vs $10k a game is quite a difference and will make you gambling goal either easier to reach and/or harder.   The one thing I can say is that you have a set goal which is half the battle.  Most people don't have a number so they never actually get to cash out anything but lose it all back.  Good luck to you in your adventure this year

[Mauser]

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

Having goals in life is important and when it comes to gambling we should treat it as any other part of our life. A 50,000 USD goal within one year sounds like a lot to me. I don't know your current financial situation and how much money you can set aside every month to increase your budget. In my case my goal would be more in the range of 3-5,000 USD, because I start with a relatively small bankroll. There could of course always be a lucky bet that leads to a huge profit, but that's not very realistic and I don't want to rely on it. However, of you already have 20,000 USD as your starting capital than it's a completely different story. Having a fixed goal is great at the start of the year, but I would also have some flexibility depending on how the year goes. A few bad beats could make the goal unrealistic and lead us to take to high risk. Chasing for a certain return focuses too much on the money we want to make and leaves the risk we take a bit behind. The most important thing is to be financially responsible and remain realistic about our return expectations.

[_act_]

My advice is, well, just be on yourself as a bettor. Be wise in choosing odds and don't jump betting on the matches you are not familiar with.

I only see him as someone that is getting overconfidence about his gambling and he wants to increase his stakes and risk more than before. If gambling teaches him lesson after losing and not able to see his goal, he will realized that the way he is gambling before is better than the way he is gambling now.

Gambling suppose not to be a way of thinking of making money. This guy thinking is also the beginning of addiction.

[yahoo62278]

My advice is, well, just be on yourself as a bettor. Be wise in choosing odds and don't jump betting on the matches you are not familiar with.

I only see him as someone that is getting overconfidence about his gambling and he wants to increase his stakes and risk more than before. If gambling teaches him lesson after losing and not able to see his goal, he will realized that the way he is gambling before is better than the way he is gambling now.

Gambling suppose not to be a way of thinking of making money. This guy thinking is also the beginning of addiction.

I disagree. Sportebetting is huge. I don't mean that lots of people bet sports, but lots of people earn a decent wage betting sports. Making bets with knowledge is key. Don't just blindly place a bet or always pick the favorite.

[ajiz138]

You have a goal in gambling by hoping with a goal that makes $50K even if you responsibly do it, I think this is not in my mind because of course it will have a lot of pressure and have to determine the bankroll when it is depleted must be quickly filled again, do not want gambling to have a target especially as an annual income.

Just make gambling a pleasure, there is also a target never think about it.
On the contrary, if I have a goal, it will never be achieved because I will have anxiety in every bet even though you have a strategy but that's not a good thing for us while we are here happy to talk about betting as well as placing bets but it's for fun no more than that.

Suppose if the goal was not achieved how would you feel? Would you be stressed or ready to lose all your bankroll?

[Jemzx00]

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

I guess with how your specified your plan on how you'll be achieving your goal, it's already enough as long as you'll be able to follow through with your plan. Planning is actually the easiest part however following and sticking with it is what makes it hard. With your plan, basically it's just about researching and strategizing before betting to make limit loses and maximize profit.

As for your goal, you may or may not be able to achieve it depending on how often you bet and especially with how much your bankroll will be as the lower the bankroll the harder it is to achieve your goal.

[coin-investor]

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

If there are proven strategies that can make your goal possible then so many casinos will go down, but there are none and the community has been advising players to not make gambling a source of income, even the casinos have it in their Terms of Service that they are an entertainment platform.
And remember you have a house edge to bust all your goals of making money, and the house always wins.

Even if you think you have the best strategies it's just a strategy not a proven method, I doubt if you can make your goal realistic, but I still wish you luck in your venture it's one risky venture that I would not even dare to undergo.

[Yatsan]

Betting a high value is fine as long as it is inside your betting tolerance. Having a high target pf profit is fine as long as you yourself know how gambling works. There are times wherein as you chase your profit.Bottomline is; nothing’s assured with gambling. You have to manage your expectations in order for you to cope up if things would go out of hand. If you are having that mindset that profit is assured, then be prepared of the consequences.

[len01]

strategy you will use will probably be successful as long as you have a large budget and a large commitment of responsibility or else your condition will change for the worse because reaching $50,000 from your betting results is a large amount while gambling always wins.
even though you have a way of using arbitrage which has a very definite chance of winning, if it fails you may lose some of your money and if you are not mentally prepared for all these risks you may experience deep regret.

even so, I will support you to achieve the targets you have planned and I know that you can do all of this. good luck

[Orpichukwu]

I see your map-out strategy as a good one, and you can make that target amount happen as well. It's just a matter of you not giving up and staying on the right track, and then you can make that goal a reality.
 
Looking at how favourable sport betting is to some people who are really good at prediction, I think you also have a higher chance when you choose sport betting as part of your gaming option, and this might really cost you your time as you will need to focus on making some good predictions with some favourable odds that can give you a higher chance of winning.
 
I don't know, as we have a set-out maximum wager year budget for a year, that's how most people also have a set-out go for an expected winning budget too. One thing that I will say is that your confidence is high; if you use it wisely, you can achieve your goal, but don't allow this goal to turn you into something else. I mean, a gambling addict or a chase-lose kind of gambler.

[uneng]

I'd like to start by asking how much is your total bankroll?

I mean, $50k is a substantial amount of money, though it's achievable in gambling, the odds are relatively small if you don't have a decent bankroll. Let's be realistic here. While I believe there are successful gamblers who make a living from it, they typically don't start with $1,000 and end up with $50,000 by the end of the year. That's quite unattainable for most, which is why I'm curious about your total bankroll.

Good point. He needs a large bankroll in order to have decent chances of generating 50,000$ liquid profit. I think he is willing to play a game of high risks where the odds will increase his initial budget into considerable sums of money in few bets. However, the chances this is going to happen for real are really low, because the odds are against him, although the multiplier of each bet is quite high... In every cases, despite the strategies in usage, he has to be really lucky to achieve what he is looking for.

The best strategy in my opinion would be to have a huge bankroll, make few bets and quit the game.

[Saint-loup]

I consider this year in terms of betting to be over. I have had some pretty decent wins. However, one mistake I made was not starting this year with a betting goal, which would have been the specific amount of money I intended to win. Instead, I began the year with the goal of gambling responsibly, and I'd rate myself around 80% in achieving that.

I am sharing my sports betting goal for next year with the gambling community because I highly value your insights and seek advice for any adjustments. I hope to gain expert advice. My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

First, I will make every available promotion, bonus, arbitrage opportunity, injury information, and stale lines..

Second, I will take advantage of various accessible sportsbooks, which may include legal, offshore, or local options based on jurisdictional regulations.

Third, I will carefully build a bankroll that involves a selective approach to low-cost, high-potential profit angles to mitigate the risks associated with betting swings

Fourth, I will evaluate the expected value (EV) of each betting angle because achieving my $50,000 goal requires realistic assessments and potentially exploring new, uncharted angles.

Fifth, I will leverage my networks to maximize potential profits.

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

You didn't reveal your initial bankroll but with this strategy I think your goal is more than achievable with less than $50k as an initial bankroll tbh, and I wouldn't be surprised if you've already done it before. But how will you cope with sportsbooks when they will spot you as a long lasting sport bettor winner? They will lock or close your accounts one by one before you can whitdraw your winnings along with your deposits. They are businesses, their goal is to make money, not to give $50k every year to a random customer just because he is a good bettor, you shouldn't forget that.
You didn't mention the Kelly Criterion strategy for your risk management, you are not using it btw?

[_act_]

My advice is, well, just be on yourself as a bettor. Be wise in choosing odds and don't jump betting on the matches you are not familiar with.

I only see him as someone that is getting overconfidence about his gambling and he wants to increase his stakes and risk more than before. If gambling teaches him lesson after losing and not able to see his goal, he will realized that the way he is gambling before is better than the way he is gambling now.

Gambling suppose not to be a way of thinking of making money. This guy thinking is also the beginning of addiction.

I disagree. Sportebetting is huge. I don't mean that lots of people bet sports, but lots of people earn a decent wage betting sports. Making bets with knowledge is key. Don't just blindly place a bet or always pick the favorite.

I agree with this, but what I mean is that he had a better strategy when he is only betting in a way he thinks is responsibly, and if he change the way, it might lead to another thing for him. I have a friend that play bet and win often until he thinks of using bigger amount of money and the loss started at the time. What caused it was that he thought he can win bigger if he use bigger money but losses began. What he later did was that he quit gambling. It would have been better if he continued to play little and accumulate 5 to 10x odds with several many bets with small stakes, but it was not enough for him.

[Weawant]

You have a sound and solid strategy I must say a d it looks really realistic but then I would want you to aswell have these at the back of your mind, gambling isn't a reliable source of income as it is mostly luck dependent mad sometimes not even about your strategy, your strategy only helps you cut down on your losses but doesn't guarantee winnings along the line.

So it's important you also consider that gambling more from the entertainment aspect of it and lesser from the angle of making so much money from it because $50k isn't a joke although I'm very much aware there are people who can spare more and consider it less but it still doesn't put away the fact that $50k isn't a joke, so consider these and along the line if you encounter some loses, just remember gambling is more reliant on luck than on strategy even tho strategy does work most times too.

[ShowOff]

Winning $50k from betting in one year is very possible, but I think you should also be prepared to lose more than $50k. Moreover, you don't need to compromise the strategy that you will try to win that much, clearly in my opinion this can change or ruin your plans.

You should have your own strategy and knowledge rather than questioning your strategy from others. However, if you really want to win that much, then you also have to know that the risk of losing is always there so you can be greedy in placing your budget on one particular match. But wait, is this the only way you can get pleasure from gambling?

[GxSTxV]

It seems that some other users here might not have really understood your main point and objective of this topic. But, I believe your goal is to accumulate a total of $50,000 through sports betting and by taking advantage on casino promotions and bonuses. I would say that your goal is not unattainable or hard to achieve with good money management, understanding of odds, a solid sports knowledge, and a great amount of luck. In one year and bets not below hundred dollars for lower risk your target is not far.

I suggest that you share each of your bets and also document your entire journey (weekly basis results) here so that membres can provide different perspectives and offer you better suggestions.

[Wiwo]

If you talking of wagering a total amount of $50,000 in the coming then I believe that is achievable for the space of the twelve months,  but then also we have to measure some of the risks you may possibly encounter along the and how best to avoid such things that may come along your way to building a good environment for yourself to be able to gamble effectively.

You have to also measure at what scales you be depositing those amount and that is if the total amount you mentions are all going to come in as deposits,  or you're just wagering the amount in the casino to arrive at that 50k expected amount you mention and what be the time frames and put efforts for it to work at some level.

[Westinhome]

I consider this year in terms of betting to be over. I have had some pretty decent wins. However, one mistake I made was not starting this year with a betting goal, which would have been the specific amount of money I intended to win. Instead, I began the year with the goal of gambling responsibly, and I'd rate myself around 80% in achieving that.

I am sharing my sports betting goal for next year with the gambling community because I highly value your insights and seek advice for any adjustments. I hope to gain expert advice. My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:

First, I will make every available promotion, bonus, arbitrage opportunity, injury information, and stale lines..

Second, I will take advantage of various accessible sportsbooks, which may include legal, offshore, or local options based on jurisdictional regulations.

Third, I will carefully build a bankroll that involves a selective approach to low-cost, high-potential profit angles to mitigate the risks associated with betting swings

Fourth, I will evaluate the expected value (EV) of each betting angle because achieving my $50,000 goal requires realistic assessments and potentially exploring new, uncharted angles.

Fifth, I will leverage my networks to maximize potential profits.

What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

Every gambler will have the big winning wish like this.But what we are doing for the achievement was the important one.Most of the gambler wish the big money and doesn’t try for the victory.So how they manage the game win without the try in the game.They also need to spend the time to learn the game and build the strategy for the game.Most of the time,your strategy to the game may fail.But you need to create the new strategy again and again.The world doesn’t recognise the person who quit at the middle,only the long term passionate people will win the game.So you need to wait till the big win as you wished in gambling.

[Oilacris]

If you talking of wagering a total amount of $50,000 in the coming then I believe that is achievable for the space of the twelve months,  but then also we have to measure some of the risks you may possibly encounter along the and how best to avoid such things that may come along your way to building a good environment for yourself to be able to gamble effectively.

You have to also measure at what scales you be depositing those amount and that is if the total amount you mentions are all going to come in as deposits,  or you're just wagering the amount in the casino to arrive at that 50k expected amount you mention and what be the time frames and put efforts for it to work at some level.

We should really be always thinking that there would really be some unexpected circumstances that could affect your plans and this is why we cant really make out some conclusions on how this one would really be ending up on the end of the year of 2024. If you are really that doing good on 2023 then i would say that it would really be that wise on taking up on the same step. The important thing
is that as long you would really be that making yourself that profit then this what matter the most. Doesnt matter on what methods or plans you would really be taking since you are the ones who could really be able to assess on what are the actions that you would really be needing to do on such situation and since we do know that there are really moments that could happen along the way.

If you are nearly ending up with 2023 with being positive then just like on what i have said earlier that it would really be that good that you should be sticking again into that kind of discipline you do have.
Making yourself that profitable on gambling field isnt really on something that everyone could be able to reach out.

[wxa7115]

I consider this year in terms of betting to be over. I have had some pretty decent wins. However, one mistake I made was not starting this year with a betting goal, which would have been the specific amount of money I intended to win. Instead, I began the year with the goal of gambling responsibly, and I'd rate myself around 80% in achieving that.

I am sharing my sports betting goal for next year with the gambling community because I highly value your insights and seek advice for any adjustments. I hope to gain expert advice. My goal for next year is to generate $50,000 through betting. Here are the strategies I plan to employ:


What are your thoughts on these strategies to assist me in achieving my $50,000 betting goal by 2024?

Have you ever being a profitable gambler? If not then I do not think the strategies you mention are going to help you to achieve this goal, as at best they are just supplementary actions you can take in order to better administer your capital.

However if you are one of the few gamblers out there which can produce profits due to your skills then those actions could help you, however how high is your capital? As for what I have seen a good professional gambler can produce up to 50% in profits in a single year, which means you will need 100k as your capital to produce those profits.