How Many Bets to Know How Good Enough You Are?

[lionheart78]

No such thing. Gambling is gambling and there's no such thing as "pro" here unless you would be playing in a tournament otherwise you are just a gambler yourself. Having a winrate won't be absolute. Try tracking your gains and losses to see whether you are a profitable gambler or not; these are the only categories. Certainty is lacking in gambling. You could win most of the time in some days but there will always be times wherein you'd lose for days or weeks or even longer. You could bet as many times as you want but for sure only our winnings would tell whether we are good or not.

Well, you said it yourself, in gambling there are those professionals who participate in tournaments.  We might not call normal gamblers to be professional but I guess we can tagged them as seasoned gamblers.  These are people who are in the gambling industry for so many years, meaning they have rich experience when it comes to gambling.

Winrate can identify the performance of a person. IF the win rate is above 50%, this means the player won more than they lose, and suppose to be in profit if the amount of bet and game odds is fixed.  I highly agree that certainty is lacking in gambling and it won't be called gambling if the result is certain.

You could lose a thousand time but once you hit the jackpot, you could get back what you have lost but that would only show how much is your progress for a long period of time.

True that, the reason why many lottery ticket buyer keep on buying tickets regardless of the very slim chance of winning is because once they hit the jackpot, all their expenses will be recovered plus that huge amount of winnings that can change their lives.

[wallet4bitcoin]

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?

A couple of trials after your first time should determine your level of success. The first approach to betting might not be a good determinant when it comes to self-evaluation of your betting skills.

Maybe after betting for 3 to 4 different times, you can self evaluate, but not to forget, the mindset you possess while betting is also an important factor. If you always go betting after a long day, you don't expect the results to be the same as when compared to betting from a point of relaxation and proper skill deployment even though wins are more characterised by luck rather than skills.

[tygeade]

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.

Don't know about you, but I find the question serious, and I think he isn't asking about us but he is more concerned about his performance. Also, he is talking about sports betting here, and not casino games. All of us are equal in casino games although our luck can come randomly, e.g. I am lucky today and can win while you aren't but the next day or so, you are the ones who are lucky and I am the opposite of it. Luck can still play a role even in sports betting, this is why he said someone can get those percent after a certain number of bets. To know our true skill, it is better to place more bets, as the winning percentage can still fluctuate.

[Out of mind]

If you can bet this amount of money and win, then I think you are an experienced and good gambler. It is possible to prove your experience based on your winning bets, if you can win 1-5 then you can claim to be a big gambler. And if not, you're not a very experienced gambler, so you need to keep thinking and time your bets enough to be successful. It's good if you win a few bets, but if you lose later on, your percentage may drop. Moreover, if you are constantly betting and increasing your gambling experience, it will not be very standard if you claim to be a good gambler in terms of winning percentage. So you need to increase your experience in betting first, otherwise you can lose money anytime.

[Kakmakr]

A 60% win ratio might be deceiving.... let's say 60% of those wins was on bets with low risk and only 40% of those were on high risk bets, then that statistics means nothing. Anyone can cherry pick low risk bets and achieve a high win ratio... but the true professional can take medium and high risk bets and continuously have wins on them.

The ability to spot good bets on medium to high risk bets, come from proper research and lots of experience. You should also be consistent in a large variety of Sports .....not just in one of two of the Sports that you love. 

[nara1892]

If you can bet this amount of money and win, then I think you are an experienced and good gambler. It is possible to prove your experience based on your winning bets, if you can win 1-5 then you can claim to be a big gambler. And if not, you're not a very experienced gambler, so you need to keep thinking and time your bets enough to be successful. It's good if you win a few bets, but if you lose later on, your percentage may drop. Moreover, if you are constantly betting and increasing your gambling experience, it will not be very standard if you claim to be a good gambler in terms of winning percentage. So you need to increase your experience in betting first, otherwise you can lose money anytime.

It seems to require something unusual to be able to get such a big win, one of which has experience and qualified skills and not only that you also have to be really lucky, although basically such things are always difficult to know but no problem, maybe there will be a time when you are in a position of full luck. It's a good idea to make sure that you've got a good idea of what you're getting yourself into and how you're going to do it.

If you're not sure how to get the most out of the game, then you'll want to make sure that you have a good idea of what you're getting yourself into. And the point is that if you are gambling on skill-based gambling such as sports then obviously over time you will be able to gain experience by learning various things related to the field of sports, and if you already feel enough with the skills and knowledge you have then I think the results of your bets will be a little better, but remember always use a small budget amount even if you already have a pretty good knowledge because after all this is gambling that is not entirely predictable.

 

[KTChampions]

A 60% win ratio might be deceiving.... let's say 60% of those wins was on bets with low risk and only 40% of those were on high risk bets, then that statistics means nothing. Anyone can cherry pick low risk bets and achieve a high win ratio... but the true professional can take medium and high risk bets and continuously have wins on them.

The ability to spot good bets on medium to high risk bets, come from proper research and lots of experience. You should also be consistent in a large variety of Sports .....not just in one of two of the Sports that you love. 

I completely agree with the first statement (regarding the importance of such statistics and cherrypiking) and disagree with the second (about consecutive victories). It is impossible to constantly receive winnings at any odds since the dispersion of the result can be large, only the result over the distance matters. Roughly speaking, if there is a profit at a distance of 1000 bets, then this is a confirmed success, but if at a shorter distance we see profits or losses, then it is too early to judge.

[maydna]

If you can bet this amount of money and win, then I think you are an experienced and good gambler. It is possible to prove your experience based on your winning bets, if you can win 1-5 then you can claim to be a big gambler. And if not, you're not a very experienced gambler, so you need to keep thinking and time your bets enough to be successful. It's good if you win a few bets, but if you lose later on, your percentage may drop. Moreover, if you are constantly betting and increasing your gambling experience, it will not be very standard if you claim to be a good gambler in terms of winning percentage. So you need to increase your experience in betting first, otherwise you can lose money anytime.

Only we will know how much betting we can afford, and that is enough for us, and it is true. We can bet 10x and feel that is enough for us to gamble so we can leave the casino straight away. But some gamblers can bet more than 10x, and that makes them feel better until they finally decide to stop gambling. But we have to remember that the longer we gamble, the greater the chance of losing because the emotions will become greater, especially when we lose. We will begin to be unable to accept loss and will instead try to recover from the loss.

[danherbias07]

A 60% win ratio might be deceiving.... let's say 60% of those wins was on bets with low risk and only 40% of those were on high risk bets, then that statistics means nothing. Anyone can cherry pick low risk bets and achieve a high win ratio... but the true professional can take medium and high risk bets and continuously have wins on them.

The ability to spot good bets on medium to high risk bets, come from proper research and lots of experience. You should also be consistent in a large variety of Sports .....not just in one of two of the Sports that you love. 

Agree, I do 3 sports but I won't be a hypocrite and say I am good at it. It's difficult to keep up with so many players, fighters, and boxers in the sports industry. I am trying to add table tennis too but there are so many players especially, in the Russian tournaments.

Proper research means watching games and keeping ourselves updated with the sports events which is not easy. Sometimes I do miss some games because there's another game happening on that same day.
60% by OP is a high amount, in my opinion. I'd go 30-40% at low risk and 20-29% at medium risk. Recently, I have been playing casino games with high-risk bets and all I can say is the chances of winning are way below the numbers that I said.
Also, there's no way to identify that you are a good gambler in casino games, it's the house that is good for creating a business that would take our money. 

[boty]

Only we will know how much betting we can afford, and that is enough for us, and it is true. We can bet 10x and feel that is enough for us to gamble so we can leave the casino straight away. But some gamblers can bet more than 10x, and that makes them feel better until they finally decide to stop gambling. But we have to remember that the longer we gamble, the greater the chance of losing because the emotions will become greater, especially when we lose. We will begin to be unable to accept loss and will instead try to recover from the loss.

This really depends on us to be able to control ourselves in gambling, if we can control our emotions in gambling of course we will be able to stop when we have lost several times, but it is very difficult for us to stop gambling if we cannot control our emotions, after getting many losses while we still have funds to gamble, we will not stop because we will continue to chase wins that we will not get until all the funds we have are used up.

[Strongkored]

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 as a bettor it doesn't need to be too difficult to analyze how good we are as bettors because the winning percentage can go down and up even in sports betting where we are very familiar with the sport, for example in the Champions League in the fifth match how many people predicted that Bayern Munich only drawing with Copenhagen, PSG also drawing against Newcastle or predicting that AC Milan will lose to Dortmund at San Siro, so all the analysis you make to see whether you are a good bettor will never be accurate because there are other factors that we don't know about for example a club that changes strategy and so on, so just enjoy every bet, if you lose, accept the loss, if you succeed in making a profit, then withdraw and enjoy.

[0t3p0t]

Well for me, since we are talking about how good we are when it comes to betting I think the higher the percentage of winning makes it acceptable to be called "good enough". 60% is for me quiet good but we all know that it's not that easy to achieve in just a short period of time. Though this depends on what kind of gambling we are in.

[Dzwaafu11]

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 don't think you will have an answer to the question. You know that gambling is not the kind of betting you will do 100% of the time. However, most people lose in gambling multiple times before starting to win at the beginning. Since they will be new and they may be playing it without applying any strategy, are you going to count this in another way? Also, because I believe while you are looking at how perfect you are, you need to consider this too, which you won’t do; however, gambling is a probability something you are not sure of and you won’t know the outcome of it, so how do you think you will be able to win? Till you wait for the outcome of the games you predict. Although you can do that based on how favorable it is for you or the type of strategy you use when gambling, it is still difficult for you to know this because gambling is luck.

f you can win 1-5 then you can claim to be a big gambler. And if not, you're not a very experienced gambler, so you need to keep thinking and time your bets enough to be successful. It's good if you win a few bets, but if you lose later on, your percentage may drop.

It will be hard for a gambler to win 1–5 tickets without losing a single game. However, before considering winning 1–5 tickets and be claiming experience or a good gambler, you also need to check how many games you lose before you win those 5 tickets that make you an experienced gambler. However, you are right by saying his percentage will drop when he continues losing bets, which is constant; there is no magic for that one to lose.

[yudi09]

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 rarely measure it to find out how good I am in playing gambling. In a sportsbook betting type of football that prioritizes expertise, I only rely on analysis before deciding to bet on several matches. Not infrequently I get a victory.
The slot game that prioritizes luck is also not uncommon for me to win. I once took a measurement to find out my picture, if I am not wrong between 1 to 3 but I don't often do it because betting just for fun.
Unlucky until 3 times in the type of slot game and the balance is up, I leave from there and come back when the mood is good for playing.
If you bet football, you never miss a bet.

[lizarder]

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?

To see all this really depends on what gambling you are playing because usually we can increase or double the bet if we find a table with players who are not very professional at poker. But it is also not certain that we can win all the rounds because there are times when we experience bad times even though we are facing players who are much more beginners in the poker game. I think there is always no certainty in gambling and we can never predict the final result even if we get a winning streak at the start of the gambling we do.

The most important thing is that we have to have control because if we have won several times we should leave the game. It's more about maintaining the flow of funds in the account because when we persist for a longer period of time it is feared that we will lose all the bets and that's where we learn how to gamble responsibly.

[Hispo]

Well for me, since we are talking about how good we are when it comes to betting I think the higher the percentage of winning makes it acceptable to be called "good enough". 60% is for me quiet good but we all know that it's not that easy to achieve in just a short period of time. Though this depends on what kind of gambling we are in.

What about the number of bets, because only by talking about the percentage of return is not enough for anyone to know they are a good gambler/bettor or not. For example, I could bet twice in the same day and get up to 70%. Would that mean I am good? I don't think so.
I would even only bet once and that a good percentage, but that does not tell anything about how proefficient I am when comes to evaluating matches and trying to guess outcomes.
On the other hand, if I betted for a whole year and got 60% or 70% of profit by the end of the same year, that would be pretty good, even better than most of the stock market can get. That is when one can say one has become a professional bettor.

Though, I seriously doubt there are many professional ones in the world, just a hunch.  

[noormcs5]

Well for me, since we are talking about how good we are when it comes to betting I think the higher the percentage of winning makes it acceptable to be called "good enough". 60% is for me quiet good but we all know that it's not that easy to achieve in just a short period of time. Though this depends on what kind of gambling we are in.

What about the number of bets, because only by talking about the percentage of return is not enough for anyone to know they are a good gambler/bettor or not. For example, I could bet twice in the same day and get up to 70%. Would that mean I am good? I don't think so.
I would even only bet once and that a good percentage, but that does not tell anything about how proefficient I am when comes to evaluating matches and trying to guess outcomes.
On the other hand, if I betted for a whole year and got 60% or 70% of profit by the end of the same year, that would be pretty good, even better than most of the stock market can get. That is when one can say one has become a professional bettor.

Though, I seriously doubt there are many professional ones in the world, just a hunch.  

Betting for the whole year and getting a 60-70% win rate is good enough but still, it needs to be further drilled down as to how much odds you took on each bet to get this percentage.

For Example, I can bet on odds like 1.01 to 1.05 and my winning percentage may be above 95% in the year but that does not mean that I am a good gambler or I made a lot of money.
Lowering the odds means less profit on winning but a low risk of losing.

[maydna]

~snip~

This really depends on us to be able to control ourselves in gambling, if we can control our emotions in gambling of course we will be able to stop when we have lost several times, but it is very difficult for us to stop gambling if we cannot control our emotions, after getting many losses while we still have funds to gamble, we will not stop because we will continue to chase wins that we will not get until all the funds we have are used up.

However, most gamblers lose control when they are in the casino and play gambling games several times. They start to feel happy playing it, especially since they have managed to win some, even though it's only a small amount. Many gamblers are trapped in situations like that, so they miss the opportunity to stop when they could win. They want to win even more, so they forget to limit their gambling games, especially when they see they still have money in their gambling account balance.

[Oilacris]

~snip~

This really depends on us to be able to control ourselves in gambling, if we can control our emotions in gambling of course we will be able to stop when we have lost several times, but it is very difficult for us to stop gambling if we cannot control our emotions, after getting many losses while we still have funds to gamble, we will not stop because we will continue to chase wins that we will not get until all the funds we have are used up.

However, most gamblers lose control when they are in the casino and play gambling games several times. They start to feel happy playing it, especially since they have managed to win some, even though it's only a small amount. Many gamblers are trapped in situations like that, so they miss the opportunity to stop when they could win. They want to win even more, so they forget to limit their gambling games, especially when they see they still have money in their gambling account balance.

On the time that you are on adrenaline rush then those initial plans and limits would really be totally forgotten and this is some very casual thing to happen. Speaking about how many bets on trying to make yourself to find out whether you are profitable or not then only a few could really be able to follow up such situation on which majority will really be that forgetting those things in the end.
For me then i dont care about on how many games i would be playing as much i do able to enjoy on what im doing then this is something that i do really prefer.
There's no way that you could be able to see in 10 games but for 100 games then this is where you would be able to determine.

[maydna]

~snip~

On the time that you are on adrenaline rush then those initial plans and limits would really be totally forgotten and this is some very casual thing to happen. Speaking about how many bets on trying to make yourself to find out whether you are profitable or not then only a few could really be able to follow up such situation on which majority will really be that forgetting those things in the end.
For me then i dont care about on how many games i would be playing as much i do able to enjoy on what im doing then this is something that i do really prefer.
There's no way that you could be able to see in 10 games but for 100 games then this is where you would be able to determine.

Determining how many bets we can afford will depend on each person because each person will definitely have different capital, so the amount of bets we use will be different. What we have to pay attention to is that when we have been gambling for a while, we have to end it immediately before everything changes and makes us lose our money. Many gamblers have gambled for too long and lost a lot of money, but they don't realize that it was a mistake. And because they feel they still enjoy the gambling game, they continue gambling, but like before, they lose more money. We don't need to experience something like that because we already know that when gambling, we need to control ourselves and limit our money. Otherwise, we will only experience more losses, and it will not be easy to recover from these losses.