[WileOut]

I need to turn 1 into 5 in a month. Whats the best way? I understand that betting 1-2% of your bankroll on every bet is the best way to go longterm. However if you put a time limit and a money goal to reach, does this change the optimal way to bet? I know its possible to go from 1 to 5 in a month betting 1-2% of my bankroll, but highly unlikely.

So should I bet it all on some select big favs a few times? I need somebody who knows what they are talking about

[bigugly]

There won't be any easy way to do this. Why do you need the money so quickly? Might want to check into loans.

[treece]

1 to 5 what?

[Francis Sollozzo]

much easier to turn 5 into 1

best way to make 5 in a limited time is to make a one time bet, single wager , of 5 at the best # you can get.

[WileOut]

treece, 1 to 5 dollars, 10 to 50, 100 to 500, 1,000 to 5,000, or 10,000 to 50,000 its all the same. I need to go from 1 to 5. I need to turn 1 into 5.

ugly, the 1 is money I can afford to lose. I need to do this to help somebody out. In other words, the 5 would be worth a whole lot more than the 1 would hurt to lose.

[InTheHole]

I wouldn't violate the 1-2% money mgmt rule and turning 1 to 5 is very unlikely and risky. I usually play over 10 games a day and there have been times when I have dropped 20 units in a single day and only hit 10 percent of my bankroll. If I violated this rule I wouldn't have undoubtely been close to zero as there has been 4 occasions where this has happened over the last 4 months.

When I first started, like many of us, would play 4-8 % on certain plays.

[WileOut]

I understand its risky. That is a given. Thats why I said the "1" here will not hurt if I lose it. However to get 5 out of it will help somebody out greatly. What I need to know is if you HAD to go from 1 to 5 in a month how would you go about it?

Say you were given some money and you were told that you had to either turn it into 5 in a month or you get it all taken away anyway.

In other words, say you were selected into a contest in which you were given a certain amount of money. You were to gamble this money in any way you want to try to multiply it by 5 in a month's time. If you make it to 5 or more, you get to keep the money. If you fail to multiply the original amount by 5 within a month or you lose the original amount in the process you get nothing. What would your strategy be?

[topgame85]

win three in a row 1 to 1.9 1.9 to 3.6 3.6 to 6.5

[WileOut]

I'm thinking the best way to attempt this is to simply try to hit 2 straight bets in a row going all in. This would get you around 4. Then bet it all on a select 1-4 fav to make the last thousand or so.

This would greatly reduce the risk of going all in 3 straight times. You would only be all in on 50/50 shot twice. Then you would be on a big favorite for the final bit. You would have a 20% chance instead of a 12.5% chance.

[topgame85]

eh better off just playing it three in a row than tryin to find a 1-4 favorite on the last bet

[WileOut]

20% chance vs 12.5%. Remember you only need 5 not 6.5.

.5 x .5 x .8=20%

.5 x .5 x .5=12.5%

[topgame85]

but I mean you still need to wine three matchups and trust me if you win the first two and lose on the third which is a 1-4 favorite you will be way more pissed off than if you lost on a regular line, but hey whatever you wanna do bro good luck

[WileOut]

Thanks for your input. Anybody else got a different idea?

[bigugly]

Or you could just bet three 130-150 favorites. I'd probably bet it all on a large baseball favorite first, and then put the other 2 on pointspreads or something close to even money that you really like.

[WileOut]

Good point ugly. I will probably try the favorite route. Taking select favs that I really like. Thanks for input.

[LVHerbie]

seems like if you want to have the the best chance at getting to "5" from "1" you should try and find something that pays out 4-1 and take your chance... I wouldn't think you would want to make multiple bets as you're just increasing the juice you're going to pay...

[bigugly]

I think the juice would really only be less if you could get a nice deal on matchbook. Whatever you do, make sure you feel like you have some good value in the odds.

[twitchy]

I really wish i could PM on here... I really would like to speak with you about money managment and a nice option for you but its a little risky.... ummm post your email if we are allowed to do that ill hit you up... if not then idk... i dont feel like having a SERIOUS conversation on a forum back and forth if u know what i mean.

[slacker00]

Watch Rounders, take notes. Mike McD does it old school. Make sure to watch out for cookie-munching tells when you sit in with KGB. Also, make sure you know an old Jew who'll sign 10 grand over to you after hearing your sob story.

[dodif]

i could do it with one pick.........seriously. And I know what pick is already too. It could lose but it wont.

[slacker00]

Originally Posted by dodif

i could do it with one pick.........seriously. And I know what pick is already too. It could lose but it wont.

Me too. Cleveland ML for game 1 at Boston.

[LVHerbie]

Originally Posted by slacker00

Watch Rounders, take notes. Mike McD does it old school. Make sure to watch out for cookie-munching tells when you sit in with KGB. Also, make sure you know an old Jew who'll sign 10 grand over to you after hearing your sob story.

Poker might actually be a good route to go... buy in short to a big game and take your chance... I still think trying to hit it up quick or go bust is your best choice....

[WileOut]

twitchy what happened to your PM's? If you were spamming people I do not pay for touts, never have paid a cent to one and never will. A fool I am not. But if you are offering sound advice then let me know and I will post email.

LV, so you are thinking I should pick a big dog and let it all ride. That takes balls man. As for the juice comment, remember that juice doesnt really factor much into this particular situation. 3 straight bets will get me there with or without juice. I will be placing the straight bets or ML bets at matchbook too so juice is minimal. Thanks for the advice I have a big decision to make. 29 days left.

[dodif]

Originally Posted by LVHerbie

Poker might actually be a good route to go... buy in short to a big game and take your chance... I still think trying to hit it up quick or go bust is your best choice....

please that wont work

i could do it and you would have 6 so you could still keep the 1

[WileOut]

ok then dodif time lets hear it.

[dodif]

Originally Posted by WileOut

ok then dodif time lets hear it.

you got about 10 days for the pick so wait and then message me and i'll give you the winner

[WileOut]

Also I use to play poker but I dont play it online. So thats not an option. I'm one of the conspiracy theory guys who thinks its rigged online. Until they have regulated poker in the US I wont play it for much money. However I am a decent poker player.

It will be sports bets that I'm going to make.

dodif I will do that. I am open to anything here guys.

[dodif]

ok

[SexyMit]

Originally Posted by dodif

you got about 10 days for the pick so wait and then message me and i'll give you the winner

I'll message you also I want a piece of that pie also...

[WileOut]

Guys no touts in this thread please. dodif has proven he is a winner and he does give out free picks. Mit I dont know who you are but you aint getting a cent from me

[Ganchrow]

If the object is to maximize the probability of quintupling up without regard to EV or risk then you definitely want to stay away from favorites and focus on underdogs.

If you bet a single +400 dog at 4.545% vig you'd win with probability of about 19.09%.

On the other hand, were you to place 3 wagers sequentially at -110, -110, and -268.90 then (again assuming 4.545% vig) you'd only win with probability 17.39%.

You could do slightly better than this by splitting up your bankroll and placing many smaller bets on many increasingly larger dogs (stopping when out of money or when your bogey is reached). This works because it allows you to place higher volatility wagers while limiting the expected $ amount put at risk (and hence the dead weight loss to vigorish).

[dodif]

Originally Posted by Ganchrow

If the object is to maximize the probability of quintupling up without regard to EV or risk then you definitely want to stay away from favorites and focus on underdogs.

If you bet a single +400 dog at 4.545% vig you'd win with probability of about 19.09%.

On the other hand, were you to place 3 wagers sequentially at -110, -110, and -268.90 then (again assuming 4.545% vig) you'd only win with probability 17.39%.

You could do slightly better than this by splitting up your bankroll and placing many smaller bets on many increasingly larger dogs (stopping when out of money or when your bogey is reached). This works because it allows you to place higher volatility wagers while limiting the expected $ amount put at risk (and hence the dead weight loss to vigorish).

one problem, theres no pick in there

guy needs a winner not "you could", "were you to"

and i got that winner

[SexyMit]

Originally Posted by WileOut

Guys no touts in this thread please. dodif has proven he is a winner and he does give out free picks. Mit I dont know who you are but you aint getting a cent from me

I wasn't asking for a cent from you. I have my own money trust me. I just wanted a winner from dodif just like you that was all...

[Ganchrow]

Originally Posted by dodif

one problem, theres no pick in there

guy needs a winner not "you could", "were you to"

and i got that winner

If you can indeed guarantee him enough winners to take him from 1 to 5 units within the allotted time then you're certainly his man.

I was simply answering the question, "How might a regular person (i.e., one without out access to a steady stream of guaranteed winners) maximize his probability of going from 1 unit to 5 units betting on sports?"

[dodif]

Originally Posted by Ganchrow

If you can indeed guarantee him enough winners to take him from 1 to 5 units within the allotted time then you're certainly his man.

no guarantee, but if it were me i know exactly what i would do but the event doesnt take place for a week and a half. he needs to lay low and bet my pick and i believe thats his best chance. 1 to 5 isnt ez.