Never underestimate the power of compounding..$2k to $16 million

[sunsilk]

This is going to be a long process and it takes a lot of patience for one to achieve that. I think that the end figure is very high.

I can say that this is doable but if it's about the result of it, we'll not hit that number that's given. But if someone can do this and able to prove that compounding works in gambling, that's nice to see.

Because in finance, compounding is really one of the best strategy to grow your money but it's totally different if we're talking about sports betting.

[reefsea]

Calculating winnings like this will look much more interesting but things in gambling are actually not as easy as we imagine and calculate because after all, the current situation is sometimes not suitable for us to calculate just because we want to make a shadow of victory that we are not sure we will get.

Indeed in this case it can make our confidence level increase for a few moments but in the end things like this are definitely not an easy thing to calculate because in gambling everything becomes vague where even when there is victory in sight it can be destroyed in a short time.
I'm not going to judge anyone for doing something like this because it can be good for their own confidence but I don't think I'm going to get hung up on this because for me the luck we can get in gambling can't be measured by math and calculations that we consider to be certain.

[TopT3ns]

Calculating winnings like this will look much more interesting but things in gambling are actually not as easy as we imagine and calculate because after all, the current situation is sometimes not suitable for us to calculate just because we want to make a shadow of victory that we are not sure we will get.

Indeed in this case it can make our confidence level increase for a few moments but in the end things like this are definitely not an easy thing to calculate because in gambling everything becomes vague where even when there is victory in sight it can be destroyed in a short time.
I'm not going to judge anyone for doing something like this because it can be good for their own confidence but I don't think I'm going to get hung up on this because for me the luck we can get in gambling can't be measured by math and calculations that we consider to be certain.

The knowledge about risk simplifies making decision processes since we know that things do not always be as we expect them to be. We are able to evaluate situations better so that we may remain within the precincts that we prefer to be within. We gain also when we are interested in the process, as opposed to the uncertain possibility of success. In so doing, a stable mindset is attained even when circumstances change at an unusually high rate. It can be recalled that calculated actions bring us relief when we find ourselves in different situations.

[stadus]

I'm not going to judge anyone for doing something like this because it can be good for their own confidence but I don't think I'm going to get hung up on this because for me the luck we can get in gambling can't be measured by math and calculations that we consider to be certain.

Definitely, because from the start you already believe you can only win through luck, so the calculations won’t help you anyway. I get that the numbers shown might look exaggerated, but there are really ambitious bettors out there who want to try and see if their skills can make them profitable.

And about the win rate, it’s really hard to maintain. On my end, just a few days ago I was at around 57 percent, then after four straight losses I dropped to 51 percent. You can even see it in the NBA betting thread.

[tread93]

Shoot man, I wish I could just buy a robot that can go to the casino for me and place very calculated bets somehow to make it such a higher chance of winning haha

Keep your imagination alive and also stay alive until the reach that era where it's going to be possible because  that's not going to happen now because if it does, it means the casinos can shot down because every body would also get that AI that will go to the casinos to make cool profits for them and you know that the casino can only thrive if they are making more profits from players.

Yes I guess in the future though it will be  hard to tell because there will be cyborgs, or there already are! And they will have wild components including visual and audio and their own data storage wifi bluetooth and all that jazz. Gonna be pretty wild stuff. I mean I guess we all already are technically because of our phones but yeah it might get pretty wild pretty soon here. They will begin first by banning any meta glasses or AI glasses that give folks an edge right now.  It is a good time to use those before its completely banned everyhewere to get your best odds.

[Natalim]

Because in finance, compounding is really one of the best strategy to grow your money but it's totally different if we're talking about sports betting.

There’s a huge difference. In sports betting, the percentage of people who are actually successful is like 1 percent or maybe even less. But in finance, there are many who succeed because they run their business properly, they make profit, they reinvest, they calculate things well. So it’s hard to compare it with sports betting.

That’s why some people say you should treat sports betting as fun, not as a way to make money, because they know how dangerous that mindset can be. Still, big respect to the people who are aiming for that kind of risk. High risk, high reward. 

[sunsilk]

Because in finance, compounding is really one of the best strategy to grow your money but it's totally different if we're talking about sports betting.

There’s a huge difference. In sports betting, the percentage of people who are actually successful is like 1 percent or maybe even less. But in finance, there are many who succeed because they run their business properly, they make profit, they reinvest, they calculate things well. So it’s hard to compare it with sports betting.

Yes, the comparison of both in terms of compounding is like oranges and apples. It can't be determined of how much success rate can be done if it's with the gambling side.

That’s why some people say you should treat sports betting as fun, not as a way to make money, because they know how dangerous that mindset can be. Still, big respect to the people who are aiming for that kind of risk. High risk, high reward. 

Because it should be, but I know that there are a lot of sportsbettors that are making good money through it and that's why they're so serious about it.

And they're thinking of several strategies that could benefit them and whichever works for them, they'd do that strategy for most of time.

[o48o]

-cut-
meaning if you keep winning the size of your stake slowly grows too.
-cut-

<--- Basically you can summarize your post to this.

If you keep winning, and if you keep investing correctly, then your money is doing the heavy lifting. That's just basics of saving and investing.

But in your example it all falls to IF, and that in long term is so unlikely that casinos can base their whole income purely against that.

But yeah, you can make bigger bets or bigger investments when money is piling up. You can even make interest from your interest.

[reefsea]

I'm not going to judge anyone for doing something like this because it can be good for their own confidence but I don't think I'm going to get hung up on this because for me the luck we can get in gambling can't be measured by math and calculations that we consider to be certain.

Definitely, because from the start you already believe you can only win through luck, so the calculations won’t help you anyway. I get that the numbers shown might look exaggerated, but there are really ambitious bettors out there who want to try and see if their skills can make them profitable.

And about the win rate, it’s really hard to maintain. On my end, just a few days ago I was at around 57 percent, then after four straight losses I dropped to 51 percent. You can even see it in the NBA betting thread.

It can be a doubleedged sword in that it can be a good thing but it can also turn out to be a bad thing.
Being ambitious to continue to test your skills is a very good thing because in the end this can create pressure on yourself and know where you are at in doing something including gambling but on the one hand ambitious gamblers like this will sometimes be closely related to aggressive gambling levels which can make them lose their way when gambling even though they are in sportsbetting which still relies on expertise in it.

It seems that for the last few weeks sportsbetting has not been running smoothly regardless of where we bet. I also feel the same way where my bets on soccer ended badly because usually in the few bets I make each week the most failed bets are only 2 but in the last few weeks it has increased a little because some results in the match did not match expectations and this made me a little tight.

[AmoreJaz]

-cut-
meaning if you keep winning the size of your stake slowly grows too.
-cut-

<--- Basically you can summarize your post to this.

If you keep winning, and if you keep investing correctly, then your money is doing the heavy lifting. That's just basics of saving and investing.

But in your example it all falls to IF, and that in long term is so unlikely that casinos can base their whole income purely against that.

But yeah, you can make bigger bets or bigger investments when money is piling up. You can even make interest from your interest.

A very good scenario in gambling but what are the chances that it can really happen in real life? I believe it is very rare that you will encounter such luck in gambling. The winning percentage laid out is quite high, and to consistently achieve such luck is actually not always feasible when you talk about gambling. That is why there's what IF, and if that will not happen, I don't think you can achieve such theoretical calculation of your earnings from the given starting amount. There are several factors involved in this scenario. And the luck factor will always play a role on this feat.

[Makus]

Everyone can calculate this easily but it achieving it is actually complicated. If we are to be realistic 2k to 16 million is an outrageous amount to get to. You would have to be on a winning streak consistently for a period of time and that's something that is almost impossible, for the first few days you might get lucky but you might end up losing at some point. I have tried roll overs before so I know what I'm talking about.  The best thing you can do to avoid throwing your entire stake away is to withdraw the profits you make from every win that you get so incase you lose you are not going to blow your entire account. Compounding is risky, the rule of risk management can't be applied

[stadus]

It can be a doubleedged sword in that it can be a good thing but it can also turn out to be a bad thing.
Being ambitious to continue to test your skills is a very good thing because in the end this can create pressure on yourself and know where you are at in doing something including gambling but on the one hand ambitious gamblers like this will sometimes be closely related to aggressive gambling levels which can make them lose their way when gambling even though they are in sportsbetting which still relies on expertise in it.

It seems that for the last few weeks sportsbetting has not been running smoothly regardless of where we bet. I also feel the same way where my bets on soccer ended badly because usually in the few bets I make each week the most failed bets are only 2 but in the last few weeks it has increased a little because some results in the match did not match expectations and this made me a little tight.

There’s always a risk, whether you’re playing for fun or playing for profit. That’s why being responsible is important since we’re risking money here.
Once you start spending above your limit, that’s already a sign you lost control.

For me, even if sometimes I get serious with analyzing things and managing my bankroll, I still make sure I stay in control because I already know how it ends. I’ve experienced it many times before. Experience made me more mature and more responsible.

[MRY]

It can be a doubleedged sword in that it can be a good thing but it can also turn out to be a bad thing.
Being ambitious to continue to test your skills is a very good thing because in the end this can create pressure on yourself and know where you are at in doing something including gambling but on the one hand ambitious gamblers like this will sometimes be closely related to aggressive gambling levels which can make them lose their way when gambling even though they are in sportsbetting which still relies on expertise in it.

It seems that for the last few weeks sportsbetting has not been running smoothly regardless of where we bet. I also feel the same way where my bets on soccer ended badly because usually in the few bets I make each week the most failed bets are only 2 but in the last few weeks it has increased a little because some results in the match did not match expectations and this made me a little tight.

There’s always a risk, whether you’re playing for fun or playing for profit. That’s why being responsible is important since we’re risking money here.
Once you start spending above your limit, that’s already a sign you lost control.

For me, even if sometimes I get serious with analyzing things and managing my bankroll, I still make sure I stay in control because I already know how it ends. I’ve experienced it many times before. Experience made me more mature and more responsible.

When we are in high risk environment, it is very important to manage the money and set limits. All our experiences that we go through successfully or otherwise, offer us great lessons that would guide us to better decisions in future. Our ability to avoid losing track is vital in self control since over investing or over gambling will always have an adverse effect on us. The only thing that will keep us on track is maintaining balance.

[Vaculin]

Everyone can calculate this easily but it achieving it is actually complicated.

That’s correct. Maybe only 1 percent of all bettors can achieve that, maybe even less. It might not be realistic, but it’s not impossible. That’s my point.

If we are to be realistic 2k to 16 million is an outrageous amount to get to. You would have to be on a winning streak consistently for a period of time and that's something that is almost impossible, for the first few days you might get lucky but you might end up losing at some point. I have tried roll overs before so I know what I'm talking about.  The best thing you can do to avoid throwing your entire stake away is to withdraw the profits you make from every win that you get so incase you lose you are not going to blow your entire account. Compounding is risky, the rule of risk management can't be applied

As written in the OP, just stick to betting 2 percent of your bankroll only, and be disciplined enough to follow that all the way through.

[Lanatsa]

It can be a doubleedged sword in that it can be a good thing but it can also turn out to be a bad thing.
Being ambitious to continue to test your skills is a very good thing because in the end this can create pressure on yourself and know where you are at in doing something including gambling but on the one hand ambitious gamblers like this will sometimes be closely related to aggressive gambling levels which can make them lose their way when gambling even though they are in sportsbetting which still relies on expertise in it.

It seems that for the last few weeks sportsbetting has not been running smoothly regardless of where we bet. I also feel the same way where my bets on soccer ended badly because usually in the few bets I make each week the most failed bets are only 2 but in the last few weeks it has increased a little because some results in the match did not match expectations and this made me a little tight.

There’s always a risk, whether you’re playing for fun or playing for profit. That’s why being responsible is important since we’re risking money here.
Once you start spending above your limit, that’s already a sign you lost control.

For me, even if sometimes I get serious with analyzing things and managing my bankroll, I still make sure I stay in control because I already know how it ends. I’ve experienced it many times before. Experience made me more mature and more responsible.

Ambition itself isn’t bad it’s what keeps people improving and testing their skills but in gambling it can quickly turn against you if it’s not balanced with control that drive to win more or recover losses can easily push someone into taking reckless risks and that’s where things start to go wrong especially in sports betting where results are unpredictable no matter how much analysis you do.

Recently outcomes have been really off and even good bettors are feeling it i’ve seen people who normally win most of their slips suddenly lose back to back it’s frustrating but that’s part of the game and it tests how disciplined you are if you panic or get too ambitious to win it all back you’ll probably dig yourself deeper. Taking things seriously but still keeping a sense of control and balance knowing when to stop and when to slow down is what separates a responsible gambler from one who burns out experience really does shape that mindset because after a few hard lessons you start realizing that protecting your bankroll and peace of mind is way more important than chasing one big win.

[Natalim]

That’s why some people say you should treat sports betting as fun, not as a way to make money, because they know how dangerous that mindset can be. Still, big respect to the people who are aiming for that kind of risk. High risk, high reward. 

Because it should be, but I know that there are a lot of sportsbettors that are making good money through it and that's why they're so serious about it.

And they're thinking of several strategies that could benefit them and whichever works for them, they'd do that strategy for most of time.

We know ourselves better than anyone. What’s important is we’re honest and open-minded about it.

Being honest lets you evaluate your true capability in sports betting, whether you’re actually profitable or not. From there you can already decide if your purpose is to play for profit or just play for fun. If it’s just for fun, at least you can minimize your losses and still enjoy it a bit even if you lose, which we can’t really avoid.

[sunsilk]

Because it should be, but I know that there are a lot of sportsbettors that are making good money through it and that's why they're so serious about it.

And they're thinking of several strategies that could benefit them and whichever works for them, they'd do that strategy for most of time.

We know ourselves better than anyone. What’s important is we’re honest and open-minded about it.

Being honest lets you evaluate your true capability in sports betting, whether you’re actually profitable or not. From there you can already decide if your purpose is to play for profit or just play for fun. If it’s just for fun, at least you can minimize your losses and still enjoy it a bit even if you lose, which we can’t really avoid.

I agree, and that's true. We know what's best for us and for which of these games we are good at and what works for us.

Being too honest to ourselves can bring us disappointment as well but that's about being real to ourselves and there's no need for sugarcoating if things sometimes we're losing.

Because that's the reality in gambling, whether we believe in compounding, in our strategies and such, times of losing will definitely come and it's inevitable.

[Botnake]

Because that's the reality in gambling, whether we believe in compounding, in our strategies and such, times of losing will definitely come and it's inevitable.

Losing is part of the journey. That’s why the win rate needed is only around 55%, and with that you should already be profitable. Not sure if that number is perfectly accurate, but that’s the idea. If you’re below 50%, then you’ll definitely never experience compounding because your stake will keep getting reduced.

So the goal is to hit a profit percentage first, then just surprise yourself with how much you can actually win. I guess that’s the whole point.

[sunsilk]

Because that's the reality in gambling, whether we believe in compounding, in our strategies and such, times of losing will definitely come and it's inevitable.

Losing is part of the journey. That’s why the win rate needed is only around 55%, and with that you should already be profitable. Not sure if that number is perfectly accurate, but that’s the idea. If you’re below 50%, then you’ll definitely never experience compounding because your stake will keep getting reduced.

So the goal is to hit a profit percentage first, then just surprise yourself with how much you can actually win. I guess that’s the whole point.

Everything is in theory but the application changes that 55% of win rate.

You're right with the whole point of it. Getting it started is going to be easy but doing it in the long run, you'll get different results and that might discourage when things don't go favorable to what you're expecting to happen and hit that percentage rate of winning.

The idea is there and if someone is going to follow the guide, we'd glad to hear those people who were able to do that so it won't remain as a planned strategy if it worked.

[Botnake]

The idea is there and if someone is going to follow the guide, we'd glad to hear those people who were able to do that so it won't remain as a planned strategy if it worked.

The guide is very simple if you actually follow it. Just put up a bankroll, make sure it can survive long term, stake only 2% of your bankroll (win or loss), and keep doing it. If you hit that 55% win rate and stay consistent, that’s when you become profitable.

What I keep reading is people saying it’s “hard” to achieve. That’s true. But have they even tried doing sports betting long term?