What’s Your Profit Goal in Sports Betting – 100% Daily or 10% Daily?

[Natalim]

If you had the chance to choose your own journey to be profitable in sports betting, which path would feel easier and more satisfying for you?

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

[Maslate]

10% of $5k is $500, and if I can consistently hit that daily, that means in a month I’d be making $15k profit, that's already way bigger than my bankroll. That sounds pretty reasonable and a solid strategy, not reckless betting at all. Slowly but surely.

But of course, that’s only if the answer to the big question is yes.. can I really make consistent profit daily?

[Solosanz]

$5,000 is a good amount of money, but I consider how much I supposed to gamble every month.

If that $5,000 supposed to be gambled per year, I will divide it to 12 which will be $416, with this amount, I will go to double my money. If I earn $416, that means I choose 10% daily.

But if the $5,000 supposed to be gambled per month, I will try double my money, which mean I choose 100% daily.

So, it depends on the budget per month.

[SmartGold01]

Sorry to interrupt this fun but I must say the truth, before creating some topic we should be that mindful to use the search options to know if similar discussion has  already exist but the truth most answers could be repetitive one since they are all the same.
However, I do not go for higher profits neither do I allocate such amount to my gambling account because I know that whenever there is enough funds in your account you could be tempted to always gamble or places bet. Having a fixed target is cool but what determines your winning is your luck and chances.

[danherbias07]

Conservative route. If I am really looking for profit in sports betting, I'd rather make it like a job that would get a salary per day. 10 percent of the initial money from the example would be a large amount of money for me.

I don't like going big on just one bet. It's too risky, and honestly, I am not brave enough to take that one bet, one win type of game. I will stop whenever I feel the profit is enough and I can take a good rest with a smile. Even in other games, I always just take the minimum bet and never go for higher amounts, even though I am on a losing streak.

[MAAManda]

Professionals always think better, I have some friends who live from gambling (especially sportsbook), they say that big profits don't mean anything if we have higher risks. Some even told me that it's better to win $5 on $100 bet than to potentially lose that $100 quickly. So, from the insights I've gained, I think it's better to go slow but steady than to rush. Therefore, I choose 10% per day, LOL.

[Outhue]

If you had the chance to choose your own journey to be profitable in sports betting, which path would feel easier and more satisfying for you?

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

First of all, I will never create a bankroll worth $5,000 for gambling only, it makes no single sense to me, I would rather have this money in stocks or bitcoin, sorry to say this but gambling using such amount of money isn't worth it.

Secondly, I don't have a goal when I am gambling, if I have to place bet on a sport I will use a dollar or two and wait to see what will happen, since sports bet is all about the odds it's pretty easier to know what you will get if you win.

People tend to be too attach to gambling and that's not me, it's too risky to lurk around as source of investment, having a goal in gambling is why many gamblers are lost and eventually they become addicted.

[Zlantann]

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

The outcomes of gambling are not known, so we need to be careful. I lost so much money when Saudi Arabia defeated Argentina in the last World Cup in Qatar. I would prefer to target 10% per day to reduce the risk and gamble for a longer period. 

Professionals always think better, I have some friends who live from gambling (especially sportsbook), they say that big profits don't mean anything if we have higher risks. Some even told me that it's better to win $5 on $100 bet than to potentially lose that $100 quickly. So, from the insights I've gained, I think it's better to go slow but steady than to rush. Therefore, I choose 10% per day, LOL.

Are there really people who depend solely on gambling for survival? I am surprised because some gamblers who are unemployed in my area don't make a living. Some of them have to beg or depend on family and friends for survival.

[Nahl]

$5000 is really huge amount for me even with this money i can feed myself and my family for months but lets says i have $5000 as my initial capital to starting gambling and actually i liked to playing safe which mean i am not the person who liked to bets on high odds or aggressive for sport betting and in my opinion odds 1.5 or below is never mind for me as long as i got the profit but indeed exceptional condition sometimes when i was very sure with my prediction usually i will take the risk with the odds 2.0 above

However in gambling everything could possibly to happend and there is no guarantee we will always gets the profits from our bets so, that's why profit target 100% daily is too much for me even 10% daily sometimes could be hard to achieve too and i think what i promised when have $5000 for sport betting i think the reasonable profit probably 20% monthly not daily basis

[Nwada001]

I find this similar with this Double Your Bankroll Challenge: What’s Your Strategy?  

In gambling we have those who are all out for the risk each time they see what they can consider an opportunity to quickly double their money, which they will gladly take part in, using their entire bankroll to hit it big at once, but that's more risky than the winning chances if we look at it.

Personally, even going in with 10% of my bankroll per bet is also on the high side no matter the amount that I have available to gamble with. I like to go in at most 1-5% per bet to enable me to extend my stay in the casino and increase my chance of winning.

[DubemIfedigbo001]

If you had the chance to choose your own journey to be profitable in sports betting, which path would feel easier and more satisfying for you?

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

To me this is more like professional gambling, I'm not against it but it is not for me. Funny enough I do not gamble everyday so the target per day is definitely not for me. I would like to win at least every week no matter how small, as long as I don't end up loosing my capital after the weekend bets which I've resorted to of latest to help with my concentration at work, I'm good with as little profits as I can get per week, be it 10% and I think it would be described as a slower grind by you or even a creeping grind .

It surely shows progress in my match booking abilities. oh yes, match booking is where I see profits currently, I rarely see profits from Casino based games of recent.

I do not like throwing everything into gambling at once, I like to spread it across periods since I take it very slow in gambling. If I had $5000 as a spare income, I do not think I would even use more than $500 to gamble per week. I would like to spread that sum over a long time while gambling with little fractions of it from time to time since I am not dependent on the outcomes of the winning.

[Charles-Tim]

I have tried big daily return before, but I lost.

I later reduce the daily profit to lesser one like exactly 10% profit which is 1.1 odds in total and I still continue to lose. Although, I may be winning at first but later two or three big losses will wipe all my profits and my initial money away.

I stopped gambling for profit.

[Altryist]

If you had the chance to choose your own journey to be profitable in sports betting, which path would feel easier and more satisfying for you?

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

The strategy will remain the same, and the size of your bet will only depend on the size of your bankroll, provided that the stake does not exceed 1–3% of your bankroll. Your gambling budget will depend on your financial capabilities, but it should be increased only if you can make a profit with a smaller budget. I try not to place bets with odds lower than 2, because I don’t see the point in betting with small odds, in that case, the risk is not justified.

[justdimin]

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

Misconception. Your available bankroll does not have any role on your profit making. Because, if you make your first bet for $2500 (for example, 50% of given scenario), you may get chances to bet twice for the day given that your first two bets go against you. So, your bankroll is not a criteria for this discussion.

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

I am sure about only less than 1% people may target for 100% on daily basis and all others must save for next bet and stake in 20 parts at least (5% of total bankroll).

Do you think consistency matters more, or is going big worth the risk when the opportunity is there?

If you are confident about your skills on analysing teams or players, I believe consistency is vital. You may profit in your second or third attempt hence you must be prepared for more attempts rather than trying in one shot.

[Stepstowealth]

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

If you may aim aggressively for 100% profit per day there is no risk management involved and you may just end up losing as much as you hope to gain, for me that is not the smart move to take as a smart gambler that you should be. You should rather aim for a more conservative route that is a consistent profit per day which means that proper risk management is practiced and on days where you do not win since winning cannot always be assured you will not also lose too much as well that risk your initial capital. As a gambler before you try to calculate what you hope to win you should also calculate what you are risking and what you're losing.

[Tipstar]

If you had the chance to choose your own journey to be profitable in sports betting, which path would feel easier and more satisfying for you?

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?
2- Or take the more conservative route and target just 10% profit per day, slow grind but safer?

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

I haven't exactly thought about it but my sports betting expectations are very humble. Maybe a 100% over a month at max.
100% for a day is achievable. There are plenty of days I earn much larger than that but consistently achieving that for long period of time is impossible. For you to get a 100% per day, you should look for bets that's over 2 in odds and win every of it. For a single bet lost, you need two bets of x3 multiplier to cover it up. It would not be as achievable, at least for me. Calculating your profit or loss on  daily basis would give you wide variations.
I like to look on monthly basis, this way you won't be stressing on losses and calculating how well you are doing on average.

[Fortify]

I like to take betting slow and steady. If you make 10% a day you're taking much lower risk, if we are talking about sports betting. You would double your money in about 7 days and will probably have less stress than a 100% gamble. The key thing is to have a strategy though, what are you going to do when you double your money? Bank it or simply increase the amount you're betting? Even if you bank it, it'd take only a couple losses to wipe out your winnings and original stake, so you have to be ultra careful in your bet selection. The trouble with most gamblers is after a winning streak they become complacent or lower their standards, which leads to wipe out.

[rdluffy]

For me, if it were just those two options:

2 - Or take the more conservative route and target just 10% profit per day, slow grind but safer?

But be careful, 10% daily is an extremely difficult goal to achieve consistently
100% daily sounds almost impossible to me

But 10% would be my choice, as it would be more suited to my type of betting, since I bet throughout the soccer championship season, so I focus on that period of time

However, this 10% strategy could have days with lower profits due to games that may not have very good odds, or more than 10% on days with games that have more valuable odds for us bettors

[Satofan44]

Let’s say you already have a decent bankroll, around $5000. Now, assuming you can raise that amount or you consider yourself already a “pro” gambler, would you…

1- Aim aggressively for 100% profit per day (double up fast but with higher risk)?

Nobody in the world is making this kind of money, regardless of what he is aiming for. So why are we talking about this scenario when it is impossible?

First of all, I will never create a bankroll worth $5,000 for gambling only, it makes no single sense to me, I would rather have this money in stocks or bitcoin, sorry to say this but gambling using such amount of money isn't worth it.

Money is relative. If this is a lot of money for you, this just means you don't have a lot of money that is all. There are people who will gamble away your entire net worth in minutes.

[Cointxz]

What would be your goal profit in this case? Do you think consistency matters more, or is going big worth the risk when the opportunity is there?
Curious how the community here would approach it.

Setting fixed profit sometimes very dangerous because you are forced to gambling until you hit your target profit while there’s always a time that we are so unlucky to encounter losing streak.

That small target profit sometimes will result to total loss of your bankroll if you become tilted on chasing profit that turns out on chasing losses.

Personally, I preferred a random profit percentage but mostly depending on my mood if I already have enough of gambling for the day. Gambling is for entertainment purposes onky so we shouldn’t expect a consistent profit from it.