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Author Topic: How Many Bets to Know How Good Enough You Are?  (Read 670 times)
AmoreJaz
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November 26, 2023, 10:40:25 PM
 #21

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.


each gambler has his own betting history and it varies from one player to another. so this is actually very subjective matter. as you said, one can just view his betting history and see for himself.
and besides, if you are talking about luck-based game, there's no concrete answer to when will you be good enough or not. there's no pattern on this, unless, you will give yourself a certain pattern as to when you feel you are being lucky with your bets.

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November 26, 2023, 10:42:50 PM
 #22

For sports betting? I don't think there is like a set of numbers that you can used as a metrics here. Its because sports betting is not a game that is based on chance. Maybe if this is like a dice game, wherein around x number of spins you might find some variance and see that you are successful or not.

But it's sports betting it's very different, you can have just 1 parlay with 100x and then you win it and say that you are good enough already. However, there could be someone playing for a long time, bet is varied from time to time and still after 1000 bets, he is not winning anything.

 
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November 26, 2023, 11:25:29 PM
 #23

As some have already pointed out, it's hard to pin down an exact number for how many bets someone's gotta make before they really know if theyre any good at it.  There's a lotta things that play into it - what kinds of bets you're talkin' about, how much money youre puttin' down each time, what your own personal style is as a bettor, stuff like that.

But in general you wanna have a big enough group of bets that your results actually mean something instead of just gettin' lucky or unlucky here and there.  You want it to be statistically significant, with enough bets where you can see real patterns, not just random chance.

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November 26, 2023, 11:49:39 PM
 #24

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.

The professionalism always leads creates more spaces for one to lost huge amount especially when they are too confident with their predictions or with their entries actually it's good for one to be very positive and remain optimistic about their entries and games but then we don't know how to manage funds due to this self reliance in us a gambler. What mostly propelled this acts is when we gamble maybe we beat the house we might think we have all the technicalities it takes to constantly win without knowing it's a luck based game and not by professionalism.

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November 27, 2023, 12:31:10 AM
 #25

Funny question because let's say I tell you that it's 100. Will you believe me? Will you feel confident in your skill when after 100 bets in dice or slots you are in profit? Will you tell everyone that you're a good player after that?

If I tell you that it's a million bets, will you play long enough to try it?

This thread cannot answer your question and even if it does, you probably won't do anything with that knowledge.
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November 27, 2023, 12:50:17 AM
 #26

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?
That is more than enough to know whether you are good or not, right now I do not remember how it is called but there are math methods that allows you to know how much your results are away from the mean, and those methods will also let you know if those results can be gotten by luck alone or not.

So it could be a good idea that you took a look at that math, perform the calculations and see what comes out of it, however in my experience I think you have enough evidence that demonstrates you are good enough to become a professional gambler if you want.
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November 27, 2023, 01:38:09 AM
 #27

If you're betting long enough to test yourself, I want to say around the thousand at the minimum because only a few bettors last long enough to keep recording their wins and losses. It still depends on the leagues and sports you're covering, so it could take a few seasons or more before you could hit a thousand 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'd recommend betting further to test your limit because maintaining that percentage, in the long run, could easily mean you're better than most gamblers.

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November 27, 2023, 02:07:49 AM
 #28

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 probability of the outcome is difficult to describe. With gambling, there are only wins, draws, and losses, so the outcome is the main factor. So how long is the exposure process? I think it's enough for them to realize its true nature, and there will be no time limit. Just like in life, there are people who cannot own a house from birth to death, but there are also people who are born as children of very rich people. And in gambling, I think the best players are always the bookies, as they give us space, so I really don't have many ideas about becoming a professional player.

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November 27, 2023, 02:08:02 AM
 #29

I don't need to make certain bets to know how good I am at gambling, my gambling experience will tell me how well I know about gambling.  If we keep betting one after another with the idea of gambling, we will never know about betting well, but if we know about betting and make small bets, it will be useful for us. I don't think gamblers ever gamble to validate themselves but every gambler gambles for his own purpose. Gambling may fulfill one's purpose and some may not fulfill one's purpose. A gambler who does not become addicted to gambling but can take a break and gamble in the right way can fulfill some of his goals by gambling.

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November 27, 2023, 02:37:03 AM
 #30

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?
You need money to go pro on betting. The amount of bets you have would naturally increase over time really so no need to mind that in the first place, I don't think you can simply become a pro even if you have hundreds or thousands of bets under your name. Skill naturally comes to you if you consider that especially in cases like Poker or sports gambling itself but said skill would only ever build up if you have money to support it. There's a huge difference in pressure in betting tens to hundreds of dollars in a table to thousands to tens of thousands after all.

 
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November 27, 2023, 02:42:07 AM
 #31

How Many Bets to Know How Good Enough You Are? I dont know since this a gamble i dont think I am good or pro in a gambling, I used to play a domino with 4 player and my best win rate is only 40% and that win rate considered lot but when I look on other player they seems have around that percentage I still didnt find above 40% unless they play in short term like 2-5 play and win streak

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November 27, 2023, 06:35:58 AM
 #32

For sports betting? I don't think there is like a set of numbers that you can used as a metrics here. Its because sports betting is not a game that is based on chance. Maybe if this is like a dice game, wherein around x number of spins you might find some variance and see that you are successful or not.
Casino games are luck based, it is what that can not most likely be used for seeing how a gambler is good in winning but they are games of chances. If you are not frequently gambling with sport, the luck will be more than using it to gamble all the time. It has a way you can also analyze and predict while gambling with sport. But I am talking about just gambling with a single game and not accumulation. But above all, it is very important to know that there is nothing like what OP is talking about if a gambler can not use an amount of money that he can afford to use to gamble because if using high amount, that is a bad gambler already and there is nothing good about that.

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November 27, 2023, 06:44:01 AM
 #33

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 measured by the number of bets made but rather by the percentage of wins. Making more bets does not necessarily contribute to long-term success, as it is assumed that careful consideration may not have been given to each bet. In sports betting, the recipe for success is not quantity but quality.

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November 27, 2023, 06:58:27 AM
 #34

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?

Bets on what? Sports betting or traditional casino games(roulette, slots, crash, etc.)?
You simply cannot prove "how good you are" at luck based games. Luck is luck. Sometimes you have it, sometimes you don't.
Sports betting is a different topic. What kind of bets are you talking about? Lot odds or higher odds(of maybe a mix between the two)?
Everyone could make 500 bets with high odds and get a 70%+ success rate. The real masters of sports betting could make bigger profits via bets on low odds. I assume that this is a combination of luck and knowing the teams(players) you bet on.
Betting performance can be dependent of your mental state. Sometimes you can have better luck and score better results and the other day, your performance and results could fall apart.

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November 27, 2023, 07:09:58 AM
 #35

Assuming I want to go pro on betting...
What exactly do you mean by go pro on betting? If that is to rely fully on the income from gambling without any other source of income, that is not a very good idea. Gambling is far to unpredictable to rely on regardless of how good you are, and it is an addictive activity, so you should try to do it with as little pressure as possible.

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November 27, 2023, 07:19:38 AM
 #36

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 all depends on the odds and volatility. If you play with low odds (up to 2), then I think a distance of 100-150 bets will very accurately show how good you are. If you play with large odds, say 100, then you will need a distance of at least 1000 bets since the volatility of the result is extremely high: if you guessed twice in the first 100 bets, it turns out that you are damn good, right? But this is just volatility, since over the next 300 bets your result may go negative or come to the average.

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November 27, 2023, 07:29:34 AM
 #37

As a gambler, don't ever believe that you are good at anything related to gambling, you are nothing but something counting his hope on nothing but luck, the wrong thing you can do as a gambler is winning randomly in a game and you start to have this mind that you are a better gambler, you will end up fooling yourself and you believing that you are a better gambler can make you made the wrong choices.

1. You will start believing that your luck is not leaving your side anytime soon.

2. You will feel the need to increase the amount you are risking on gambling before.

3. If things are going your way you will start using large amount, something you can't afford to lose.

Then all of a sudden, you lose everything, and you get frustrated and sad, you lose your mind and if you are weak you will never go back to your old working strategy of bankroll management, you will continue to believe that this new strategy that just cost you your money is the way.

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November 27, 2023, 07:36:10 AM
 #38

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?

Honestly, I don't really understand the point you mean. however, assuming that you want to be a professional in betting, for me that is not the benchmark if you are interested in what you do. Just imagine, after making 450-500 bets, how much time will you spend. I mean, it is not effective as a reference or benchmark to find out how good you are at betting. In fact, we could discuss it more broadly, but you have to know that the fact is that not all bets will be won, even if you are a professional or a football pundit.

For example, in one week there are many matches presented by bookmakers for various leagues. Are you going to bet on various leagues, whatever the method, whether single betting or parlay. if so, I can assume 90% of you will experience defeat. although it doesn't always have to be specific, unless you are in lucky mode it could happen. It's just that moments like that rarely happen.
well, so it's like this. if you want to be a professional part, based on my point of view. You will only bet on matches that you really believe in and have a high probability after your research and analysis. Just look, usually many sports betting experts only focus on a few matches. You don't need to bet a lot to make a profit, if you can get a big win in just one match, that's more than enough.

However, the point is that you don't have to bet on one betting feature option. I mean you don't always have to bet 1×2, because there are many other options. You don't always bet on a team, you can decide according to the results of your research and analysis. Well, for me personally this is the point for our benchmark. even though in reality, predictions are just predictions and the final result is what determines. In short, you can try 3 matches of your choice from various leagues in one week. Or, 1 match is also allowed for single betting. if nothing is ideal, feel free to not bet. and this is what I do, in my sports betting. Ideally 3 bets are enough, with a variety of betting options such as 1×2, handicap, under/over and all kinds of things. try doing it, after that you can draw your own conclusions.

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November 27, 2023, 07:48:26 AM
 #39

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?

That is a good question I haven't really thought about. For the amateur gambler I would expect the number to be somewhere around 50-100, but if you want to become a professional sports bettor than the number should be way higher. 500 bets seems like a solid number after which you know your edge in betting. One more thing to consider should be the time frame as well, if you place 500 bets over several years it could be a misleading as the leagues are changing and your edge could disappear. I would recommend to also split down your betting history over month, so you can that you have a consistent edge to make money in the future. Also, for a professional gambler it would be important to constantly reevaluate your bets and keep checking how profitable you are. Any winning percentage above 50% is important and reaching 55 to 60% is huge. With such a big edge it's more than enough to make a lot of money from sports betting.
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November 27, 2023, 08:10:13 AM
 #40

Assuming I want to go pro on betting...
What exactly do you mean by go pro on betting? If that is to rely fully on the income from gambling without any other source of income, that is not a very good idea. Gambling is far to unpredictable to rely on regardless of how good you are, and it is an addictive activity, so you should try to do it with as little pressure as possible.

- Jay -

When you turn professional, you view gambling as an investment. This means risking money with the hope of a positive outcome. It's a solo journey where you trust your skills and are willing to invest money in them. To succeed, you eliminate anything that could lead to gambling addiction or reduce your chances of success. Before deciding to go pro, you've likely encountered and learned how to handle these challenges, ensuring they don't hinder your goal of success.

Staying a pro in gambling implies that your primary source of income should come from gambling. Perhaps you have a side job or business to provide additional support, but a successful professional gambler should anticipate a substantial cash flow from gambling.
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