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How to build a bankroll?
Where do I start to find and start building a solid bankroll? What handicappers do you recommend following? I have a starting bankroll of about $1K right now I'm looking to have $10K by the end of NFL season or college basketball season is that rushing it? Any help on this topic would be greatly appreciated.
My advice is NEVER EVER bet more than 5% of your bankroll on 1 pick. Also, if your going to follow a person on a specific sport stick to that person dont jump around from handicapper to handicapper. Doc Sports is pretty solid on College Basketball although he is in a bit of a slump with NBA but all handicappers go on good and bad streaks (even Brandon Lang). Asking to turn $1000 into $10,000 though is kind of wishfull thinking though. Just remember my first point of no more than 5% and you should turn out fine provided you do not have an 0-20 streak in there.
Building A Bank Roll
Sutton's Law........Building A bankroll....
The law is named after the bank robber Willie Sutton,who reputedly replied to a reporter's inquiry as to why he robbed banks by saying "because that's where the money is."
It definately do able to get 1K to 10K. Need ALOT of good luck. My advice is to take your time. If your goal is to get to 10K by the end of football season, which is 3 months away, odds are that you won't get there. You'll need to chase or hit a bunch of crazy parlays. But to double your bankroll with good money management and following solid cappers is definately possible.
If this is definately your goal, then do Morrison NBA for 100 for an A bet and hope you don't lose.
Sports book won't be in business if people can increase their bankroll by 1000%. As people always it's a marathon not a race.
agree with peeiempee...1000% in one season is quite a turn around...take ur time
I'm trying to do the same thing, start with a $1k and try to make some money and I can say that following one guy works a lot better than trying to mix and match different expert opinions and trying to follow experts' games of the week/month/year. I follow Root for both college and pro and Doc's in the NBA from doing a little bit of research. Also, how good is Doc in college? And when do cappers start putting out their college picks? Haven't seen too many yet...
Who is the best service to cap basketball with?
I started "investing" around the middle of October, and in a little over a month, I've increased my bankroll about 33%. As griffreds suggested, I have never bet more than 5% of my bankroll on any game. Most of the games I'm betting on are 2%-3% of my bankroll. $10k would seem to be a very aggressive goal, unless you were risking 40%-50% of your bankroll on a game. For suggestions, you could look at the following handicappers:
Win Or Lose Sports Betting - They play a lot of games, but they have done well so far in all sports. On their website, they have a track record page where assuming you started with a $1k bankroll on August 1st, you would have more than doubled your money through yesterday.
The Booooj - I mainly like his CFB picks. He's hitting 60% on CFB and is up 360 units so far this year. Using the money management system I have, he's up nearly $2.5k.
Doc Sports - In the NBA, he started off pretty hot but cooled off significantly last week. I believe he's right about even right now on his units, but he has won the last 3 years with his picks. His CBB picks don't start till 11/23.
Robert Ferringo - He seems to do well on his CBB picks and his MLB picks. His first two days of CBB picks, he went 11-3, and the one day I was able to find his picks, he had over 13 units. I wish I could find his picks consistently.
Whoever you decide to follow, don't jump around. With the exception of Ferringo, you can find picks listed here so that you don't have to pay. As others have said, its a marathon and not a race and swings both good and bad are expected. Good luck.
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sportsguy,
I agree with these guys that 1k to 10k in one sport season is tough w/out high risk of going bankrupt.
if you decide to go at a slower pace here are the guidelines that I give to people. Some say I am too conservative but it works and it isn't long before it starts adding up.
Whatever you decide I wish you the best of luck in your quest.
sticking to a money management system is the key to being a successful sports investor. The $$$ management strategy I use is very simple , very easy to follow and can be done by anyone no matter what your bankroll is.
make sure your bankroll is money that you do not need!!!!! I can't stress this enough. When you are playing with money you do not need, your thought process is much more relaxed.
1. take your bankroll and divide it by 100. what you get will be your basic base bet which is 1% of your bankroll.
ex ... bankroll = base bet(1%)
........$500 = $5 bet
........$2,000 = $20 bet
........$7,500 = $75 bet
........$20,000 = $200 bet
2. make each bet 1-4% of your bankroll with 4% being reserved for you best bets(or locks).
3. When your bankroll reaches a new plateau then up your bet to keep your bets at 1%
ex... bankroll(start)...next level = new bet(1%)
..........$500=$5........ .$600......= $6
..........$600=$6........ .$700......= $7
or
.........$2000=$20......$ 2,250...=$22.50
.........$2250=$22.50..$2 ,500..=$25.00
or
........$7,500=$75......$ 8000....=$80.00
........$8,000=$80......$ 8,500...=$85.00
or
.......$20,000=$200...$21 ,000...=$210
.......$21,000=$210...$22 ,000...=$220
admittedly if you start with a small bankroll, it won't seem like it is going up very fast, but hey you didn't need this money to begin with right? You will be surprised at how fast it will go up once you get to each plateau..if you pick winners at a consistent rate. It will take shorter and shorter to get to each new level.
should you go on a losing streak, and it will happen to you, go back down a level only after you lose 15% of your bankroll. Then proceed like you did before. sometimes you have to a step back before going forward.
* when you do cash out remember to keep your bets at 1% of bankroll* if you have a 1500 bankroll and cash out $500, then scale down your bets to $10 once again.
any questions people have don't hesitate to ask!
good luck to all and take care,
lillefty
Follow fireman on diceituponline, since week one in NFL up 132 Dimes. Sorry for the shameless personal plug. However I feel that is a good return on your money, my small play is 5 Units so for you $50, but you would only be up $1,320 which is a nice 132% return on your money in a few months. I think asking for a !,000% return is asking too much. BOL though.
The fastest way to build a 10,000 bank roll is start with a 100,000 bank roll.
I'm not trying to make this money in one sport, but I want to get an idea of what it takes besides luck.
It takes dedication. If you decide to follow a system or capper then you need to stick with it and bet as their system instructs. If you are just trying to hit a few big plays here and there you probably won't get the types of returns you are looking for. I'll use the old cliche ..gambling isn't a sprint it's a marathon. This is said so often in this forum for a reason....it's true. You are going to have the ride the waves, if you catch a cold streak ride it out. You can't let it scare you away. Hope this helps. again BOL
$1000 to $10,000 in a few months. If you do it then don't worry about your bankroll and start selling your picks because there isn't a capper out there that is running that good. I would shoot to double your money by end of football and that would be a great return. If you do that a couple of times you'll be at your goal within a couple years.
If you go into this someone out there will tell you how they can do it and then you will be back in this thread asking again because your money will be gone in just a few weeks.
If you can achieve a 10-12% ROI per month, then you are doing a good job. You can't do that if you are betting 20-25% of your bankroll on plays. You should be betting 1-3% max per play.
I agree with the comments on "Win or Lose" as they are plugging along and should make you over $5,000 if you started with a grand by the end of one full year but it looks like maybe more.
I also follow ATS (CBB) and I like SCORE and Bondi in NFL and college football.
Pure Locks has some nice plays but just started following lately so not sure what long term results will be.
But will keep an eye on the above comments by you guys.
Agree these guys have ups and down but few keep generating money day in day out.
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Sports Guy 21 gave addicted2ink23 2 SBR Point(s) for this post.
