How Many Bets to Know How Good Enough You Are?

[wxa7115]

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.

That is definitely good point, we need to know the overall odds at which the OP took those bets so we can know if they are actually performing way above the average of what it could be expected from someone making those bets, or if those results were gotten simply because they have been taking some bets with a high probability of coming their way and this is skewing the results on their favor.

Still this is not easy to do as this will require an advanced knowledge of probabilities, which is not an easy field to master as some of the answers and procedures you need to follow can be counterintuitive.

[noormcs5]

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.

That is definitely good point, we need to know the overall odds at which the OP took those bets so we can know if they are actually performing way above the average of what it could be expected from someone making those bets, or if those results were gotten simply because they have been taking some bets with a high probability of coming their way and this is skewing the results on their favor.

Still this is not easy to do as this will require an advanced knowledge of probabilities, which is not an easy field to master as some of the answers and procedures you need to follow can be counterintuitive.

The real way to know how much good you were in the bets is to see and calculate how much money you earned from betting and how much you lost. The difference will tell you exactly if you are good at betting or not.

If you only compare the bets won or loss, then as I told this number can be in your favor but you might be in a loss when it comes to the money invested in each bet. Like you may won 10 bets with 1.05 and lost 3 bets with odds of 1.8, so must be an overall loss. This is why it is important to calculate in terms of money and not in terms of number of bets won.

[Ever-young]

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?

Do we even have anything like being good enough or betting pros? If there is I really don't know but what I can say is that, your betting history is enough for you consider whether to level up your stakes or to stick to your current staking Power. Ain't no one gon tell you it's time to level up mate. That's your decision to make. If you feel your betting pattern has been productive after evaluating your previous bets, then leveling up shouldn't be a problem. But always remember risk management cos gambling has it's way of f**king with people.

[ethereumhunter]

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?

Do we even have anything like being good enough or betting pros? If there is I really don't know but what I can say is that, your betting history is enough for you consider whether to level up your stakes or to stick to your current staking Power. Ain't no one gon tell you it's time to level up mate. That's your decision to make. If you feel your betting pattern has been productive after evaluating your previous bets, then leveling up shouldn't be a problem. But always remember risk management cos gambling has it's way of f**king with people.

Risk management will always be needed to manage bets so that we can reduce the impact of large losses that might occur. We don't need to chase how much we have to bet so that we can be satisfied because we must always remember that the more we bet, the more greed can increase because when our emotions increase, it will affect our psychology. If things escalate, we can lose control of ourselves and we will never feel satisfied even though we have bet more than the previous day. As long as we are satisfied with the bets we have placed, we must immediately leave the casino. Otherwise, we will only be drawn deeper into gambling. And when that happens, we can forget about stopping gambling and maybe we will use more money to be able to bet more and to chase wins. It will definitely not be good for us because we only get the risk of losing it will increase.

[Fortify]

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 bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data.

[EarnOnVictor]

As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are?

Everyone may have their own definitions of qualifying how good they are in gambling, but mine has always been to have 6 months of consistent winning through it and also have a stable gambling account.

By this, you truly know that it's not only a matter of luck but your smartness, wisdom and effort are commendable. Gambling is not easy, and most times, some people would prove they are the best gamblers simply because they won consistently for a very short period. But that is not supposed to be so. Gambling winnings must be consistent for a longer period for anyone to be certain of their status on it. This shouldn't be left to just gambling strategy alone as for the betting style, but also for how the person manages his portfolio in gambling. Many are good predictors and bettors but are very poor in their portfolio management. Even as good as they are, they could still fail due to this imbalanced combination.

[Hirose UK]

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?

Do we even have anything like being good enough or betting pros? If there is I really don't know but what I can say is that, your betting history is enough for you consider whether to level up your stakes or to stick to your current staking Power. Ain't no one gon tell you it's time to level up mate. That's your decision to make. If you feel your betting pattern has been productive after evaluating your previous bets, then leveling up shouldn't be a problem. But always remember risk management cos gambling has it's way of f**king with people.

Of course we have one reason or one basic foundation to be good enough or professional and the only thing is experience, no matter how many bets have been reached if someone has not been able to learn and also step up better than previous experience then they cannot be said to be professional .
A professional gambler always learns with experience and they consider experience to be the best teacher to create great hopes for success.
Until now, unfortunately, there are still not many gamblers who understand this and until now there are still many gamblers who don't want to learn from every experience they get.
And just keep going like people who don't have direction where they bet just to bet because they have money and want to make money.

And there is truth in what you said about increasing the betting level for every gambler it cannot be known or regulated by other people because only we ourselves know how good our abilities are.
Just relying on other people words also cannot provide maximum results because whatever we decide or what we do, only we ourselves feel it or get the benefits.

[Jawhead999]

Not about total bets or winning percentages, but look about how many percentage you earn from your initial bankroll.

So if you start from $1K then after two weeks your funds become $2K, it means you've make 100% of profit. If you start from $2K then after three weeks later your funds become $1K it means you've lose 50%. Calculate the percentage base on winning amount, then see if you're make profit or lose.

[Lannakosa]

Not about total bets or winning percentages, but look about how many percentage you earn from your initial bankroll.

So if you start from $1K then after two weeks your funds become $2K, it means you've make 100% of profit. If you start from $2K then after three weeks later your funds become $1K it means you've lose 50%. Calculate the percentage base on winning amount, then see if you're make profit or lose.

Everyone understands how to calculate profit, but in my opinion this is not what the OP asked, the question is how long will it take a player to understand how good he is at gambling.

A few weeks is too short a period of time to understand how successful a player you are, it takes much more time to understand how successful you are at a distance. I doubt that it is possible to double the deposit in two weeks, but if the risk management is incorrect, it is quite possible to lose half.

[Blitzboy]

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 bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data.

You're right - each sports bet has distinct risk. Isnt it true that control illusions blind bettors? They think "I've won five times in a row, so I must be good," but isnt this a gambler's fallacy? Does a streak of wins indicate skill or luck? Sports betting is about the bettor's thinking as much as the bets. Does tracking returns and strategizing imply a stronger understanding of the game, teams, and possibly the betting market? However, how does one distinguish a well-planned approach from luck? Does believing past triumphs guarantee future success not qualify as a pseudo-problem? Fun gambling is exciting because of uncertainty. Remember: its the wisdom behind the bets, not the number. Sports betting, like any gamble, requires information, strategy, and realism.

[wxa7115]

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 bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data.

You're right - each sports bet has distinct risk. Isnt it true that control illusions blind bettors? They think "I've won five times in a row, so I must be good," but isnt this a gambler's fallacy? Does a streak of wins indicate skill or luck? Sports betting is about the bettor's thinking as much as the bets. Does tracking returns and strategizing imply a stronger understanding of the game, teams, and possibly the betting market? However, how does one distinguish a well-planned approach from luck? Does believing past triumphs guarantee future success not qualify as a pseudo-problem? Fun gambling is exciting because of uncertainty. Remember: its the wisdom behind the bets, not the number. Sports betting, like any gamble, requires information, strategy, and realism.

If you have a large enough sample and you calculate the mean then using your results you can calculate how far away from it you are, if you are close to the mean then your results will resemble what you could expect an average gambler to get, however if your results are very far away from the mean then you know that something is happening.

So this could be a way to determine if you are a good gambler or not, now it is true there is no way to be 100% certain about that fact, as your positive outcomes could still be the result of some out of the ordinary luck, still the larger the difference between your results and the mean the lower the chances this is true.

[Promocodeudo]

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 that there are number of bets that you will play that will make you a good bettor, the truths is that no matter how good you that you have known bet, you are still going to lose, there is no good bettor to me, I just feel that bet is strictly luck, you can continue to win may be when you play up to six different slip and manage to win two that doesn't still make you a good bettor, that's just luck that's is in play, op, waiting to see the percentage of how good you are in bet, will amount to high level of deceit because there is know perfect bettor I repeat.

[Lorence.xD]

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 that there are number of bets that you will play that will make you a good bettor, the truths is that no matter how good you that you have known bet, you are still going to lose, there is no good bettor to me, I just feel that bet is strictly luck, you can continue to win may be when you play up to six different slip and manage to win two that doesn't still make you a good bettor, that's just luck that's is in play, op, waiting to see the percentage of how good you are in bet, will amount to high level of deceit because there is know perfect bettor I repeat.

Exactly, if you are playing in a game that relies on luck, no matter how knowledgeable you are, the skills and techniques, like for example having a bad card, then there's a slim chance of winning unless you are playing with people with no experience in gambling. That's actually a good example of trying to outsmart the system by having six different slips which can increase the probability of winning, but the fact that you need six would be pricey and in the end, despite of winning you would have still a loss. Even in 1/100 chances of winning, if you are lucky enough for your bet to win, your percentage could still go up, in short, it is unnecessary to determine if you are good enough in gambling. Analysis like for sports betting could be good but you couldn't tell if one person could change up the pace and luck sided on their side.