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Author Topic: How Many Bets to Know How Good Enough You Are?  (Read 673 times)
alastantiger (OP)
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November 26, 2023, 07:44:53 PM
 #1

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

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November 26, 2023, 08:02:10 PM
 #2


the ultimate data to see how good you are is if you've made money out of that 60% rate. doubling your money after just 5 bets, i guess that is already good enough.
i see gamblers putting the same amount of money on all 3 bets with odds 1.10 and if two won and one lost, no profits are made.

easy to win when you bet on fave team. in soccer or in football the favorite team doesn't really win all the time, making sports betting actually hard.

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November 26, 2023, 08:14:16 PM
 #3

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

At the beginning of gambling most of the gamblers use to loss,like you became the Silver or Gold membership of the gambling site.So after you waggered for 50-100k dollars,you will learn what the game you are really playing.After that only you can able to build the real tactics for the game,until you had wager for 100k dollars in the single game.You can't able to learn the particular game,but if you wager the entire 100k dollars in the particular game.You will became the legend of that game and all the next bet will help you to recover the entire loss.But you need to use the tactics without of any emotional involvement.

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November 26, 2023, 08:17:57 PM
 #4

It depends on the game you play. Some games are built for hundreds of bets at a time. Dice players often make 50+ a day, so after months of playing you get into hundreds of thousands of bets. Is that going to show if you're good at it or not? I say it won't. If you're up even 5% after a month of playing dice you're doing good.
In poker it's more of a who you're playing with. You can get a table full of newbies and win and it won't mean you're good. I'd say getting out of a tournament with a profit means you're a good player, but in general being in profit after a few sessions (number of bets depend on the game you play) means you're good.
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November 26, 2023, 08:46:38 PM
 #5

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?
There is not direct answer to this question because the emphasis should not be how good you are as a gambler rather how good is your strategy. I appreciate the fact that you have come to terms that gambling is a game of probability so your sample size should be wide which is already what you are doing. Now let's face the key question.

First what is your risk to reward ratio? It is not enough to have a high win rate; what matters is how many losses can a single win cover. If your risk to reward ratio is like 1:10, you just need a single win to cover ten loses. With a win rate of 30% under this arelrangement, you are already a highly profitable gambler. If the risk to reward ratio changes, adjustments can be made to ascertain true position of the strategy. So I feel the strategy should be the focus.

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November 26, 2023, 08:50:36 PM
 #6

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are?
Just gamble and have fun and do not think about how expert that you are.

Some people make use of strategy. Example is martingale.

If you are using some strategies, it is not about how good you are winning, but about how good you are able to turn losses and winning into profit in total.

Do not use more than the amount of money that you can afford to lose because people that think like you may want to be making income from gambling and that is not good.

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November 26, 2023, 09:02:43 PM
 #7

450-500 bets or 800 to 900 bets is already too much to begin to measure yourself to be a good player. Even with 1- 5 bets you can still measure yourself in percentage to see how many grade or percentage you have based on how many games you have won. But what really matters is your profitability and not how many bets you have entered for.

The many bets you have listed already shows addiction or desperation depending on how good you had those bets, like are they for 1 year, 1 month, weeks or days. Bet as you can afford to lose.

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November 26, 2023, 09:16:02 PM
 #8

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

I think it depends on the knowledge of a person on the sports he is betting.  Percentage simply represents how accurate and good is the analytic ability of a player. So instead of relying on statistics, why not go directly and ask oneself if he is confident enough with his predictions.  This will answer whether  the person is ready to go forward to a higher ground of betting.

If a person feel that he is not good enough for the next level, then he must do more digging and acquire more knowledge on betting, the strategies and find more factors to consider in making precise bet prediction.
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November 26, 2023, 09:16:18 PM
 #9

Even with 1- 5 bets you can still measure yourself in percentage to see how many grade or percentage you have based on how many games you have won. But what really matters is your profitability and not how many bets you have entered for.
1 to 5 bets to be used to know how good someone is? That is not possible. Haven't you gambled before and win 5 consecutive times and then followed by losses?  I have gambled for a whole day before and I won all the matches I gambled with football live matches that day and it was a good day for me. I gambled with more than 20 matches that I won all that day. But losses follower the next day.

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November 26, 2023, 09:16:50 PM
 #10

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

For me it needs to have about 500 bets and that is enough to give you a rough idea of how good you are.However let me tell you that hitting frequency of 55-60% is really low unless you are playing with odds of 2.5 and above,if you play with odds less than 2 you need to have a hit frequency of at least 70-80% percent.

However good luck hitting 80% hit frequency within 500 bets as if you have it you are a great pro in the sport betting and I think most people will agree,I personally copy other people bets most of the time as I have no time to create my own bets.

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November 26, 2023, 09:19:52 PM
 #11

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

It's not about the numbers in my opinion, it's about how much money you made. So it doesn't matter if it is 60% or 800-900 bets. The true gauge is did you make money out of those bets and how much it is? You can only like bet 500 or less but the amount could vary or at least majority of it are good value bets and then you will be on the + side. So for me that will be the best indicator that you are good enough or successful, with the amount of money you are bringing in less bets. And as we know it, the longer you play, the high chance that you might end up losing. However, if you can stir that up in your favor then you might be a better player as compare to the majority of us.

 
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November 26, 2023, 09:27:44 PM
 #12

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

Theoretically, I would say any amount of bet is never enough to say whether you are ready to hit that 50-60% winning spot because the result relies on a particular day.

But practically, if you are hitting that range even after 400 bets then you are already a pro, and over time you will learn new things and it will help to evolve your betting strategies. But just as someone who simply wants to enjoy sports betting irrespective of having the intention of becoming a pro sports bettor just the odds and results decide my winning which I consider as my fate or destiny.

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November 26, 2023, 09:29:45 PM
 #13

Even with 1- 5 bets you can still measure yourself in percentage to see how many grade or percentage you have based on how many games you have won. But what really matters is your profitability and not how many bets you have entered for.
1 to 5 bets to be used to know how good someone is? That is not possible. Haven't you gambled before and win 5 consecutive times and then followed by losses?  I have gambled for a whole day before and I won all the matches I gambled with football live matches that day and it was a good day for me. I gambled with more than 20 matches that I won all that day. But losses follower the next day.
Wow that day must be a very lucky day for you since all the 20 matches outcome was as you predicted. Since gambling is a game of luck, I think that you don't need to hit between 50-60% before you can say that you are good because I have seen a gambler that won big on just a single game that he played on that day. He just started his first bet and he won big.

He should have just walk away with his wins but instead, he thought that he was good and clever to win bug on his first game and he continued gambling, before he knew it he started securing losses which he almost used one quarter of his win on gambling before he realized that he was just lucky and needs to walk away with the rest amount on him. I don't need to prove that I am good by playing more games but the moment my gambling budget is gone, I quit.

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November 26, 2023, 09:29:47 PM
 #14

As others have stated, winning percentage isn’t a great metric of whether or not someone is a good gambler. It’s quite possible to have a high winning percentage and still lose money. The real skill lies in the ability to see opportunities and pounce on them when they arrive. That is easier said than done for most though.

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November 26, 2023, 09:44:48 PM
 #15

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

800-900 is too much of a number to measure your failure or success rate in betting. What happens to 1-10.  You can use the scale of 1 to 10 as a veritable means of measuring betting per cent. As gambler, you most know that your failure rate will always slightly come above the winning games. Statistically as a gambler I will not place myself on scale, because at every point that I gamble, I know when to stop especially when the failure rate is high. I just tell myself that I needed to give myself a break. because one thing you must tell yourself is the fact that successful games doesn't come easily. So for me, in a scale of 1 to 10, if I've won like straight 5 games, I will just give myself a break for a while.











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November 26, 2023, 10:06:42 PM
 #16

Since most of the betting platforms stores betting history. You could go back after so many consecutive bets and check net profit an d net loss. Compare them which is greater than the other. Then you would know how better you've become in gambling. Most times you would notice that the number of winnings is greater now than when you started betting. Unless all your gambling bets are being given to you by professionals or persons who have been in the system for long. Otherwise you would see your progress.

However, in my own perspective I would prefer if performance level should be checked based on the ability to always walk away when your ahead. This is something that most gamblers do not pay concentration on. They may be good at winning beta but lack the ability to stop whenever they have increased their money.

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November 26, 2023, 10:23:27 PM
 #17

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are?
I am not sure I will be ever be able to brag about how good I am with gambling even if I am successful in a series of consecutive bets. I do not think that winning can completely be sustainable or depended on when gambling because of the many variables.

I also think that all gamblers here should be careful before they become too over confident in their gambling skills and brag about it to others.

 
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November 26, 2023, 10:31:47 PM
 #18

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?
The number of times for me is not that pretty much important n my opinion, I will be okay with winning a few number bets with huge profit than winning many times with less profit compared to how much I have spent gambling. In going pro you will be expecting to but 80% wins at your total bets, however, assuming you hit 89% wins margin of your total bets but didn't make so much money due to size of odds your strategy allows you to work with,would that still make you satisfied? Because I want to know if it's in the number of times you get a win you're interested in as a gambler or it's rather how much big amount you win not minding how many times of bet to be won.
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November 26, 2023, 10:35:45 PM
 #19

Don't think that the betting history you are seeing at bookmakers that are showing you more wins than losses is making you a good bettor, don't fall into that mistake because when you look closely, you will see that even if you have made 1000 bets and If you get 900 bets right and 100 bets wrong for example, your balance being at zero will leave you very shocked and the reason for this to happen is due to the fact that you have placed bets on games with low odds, so you get a lot of wins, but when you have some defeats then your entire bankroll will fail. That's why in my opinion you have to measure it as follows

if you deposit $100 at the casino and place bets and win, then you leave all the profit and withdraw all the $100 you deposited at the casino, after a while you make more withdrawals at the casino and you don't make any deposit at the casino since you withdraw the $100 you deposited, So you are a professional gambler because you will be doing something that few gamblers can do, which is making a profit in casinos. If you manage to make a profit at the casino and don't make a loss, then you can consider yourself a professional gambler. I honestly do not recommend looking at gambling as a way of making profits, it is a great danger to think that way. just look at gambling as fun

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November 26, 2023, 10:38:52 PM
 #20


the ultimate data to see how good you are is if you've made money out of that 60% rate. doubling your money after just 5 bets, i guess that is already good enough.
i see gamblers putting the same amount of money on all 3 bets with odds 1.10 and if two won and one lost, no profits are made.

easy to win when you bet on fave team. in soccer or in football the favorite team doesn't really win all the time, making sports betting actually hard.
You are right, knowing how good you are should not be judged by your winning rate but by the profits made from a number of bet. Let say for example, one deposit 20,000 and after betting 10 times a day, they won 7 games and lost 3, if the total balance  is less than the initail deposits then you're still running at a loss, but you might lose 6 bets out of 10 and win 4 bets and that 4 bets won leaves a balance more than the initial deposit then that is how you know you are a good gambler. Another thing about betting that most people don't know is that one must have a target, some target double their deposits and some target just 50% extra, depending on their deposits and continue like that on a daily basis and at the end of the day they go leave the site with their profits at hand. Good decision making and contentment is what makes one a good gambler.
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