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Old 02-08-2012, 12:25 PM   #1
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Best way of making ~1000% roi with good probability and don't require much grinding.

I was thinking about playing blackjack or trying out forex to do some high risk gambling.
I want to gamble $10,000 usd on a "good bet". Don't want to take just any..
I know there's many ways to gamble the money but some are better than others and I'm looking for the best.

I think placing it all or 50% or 33% (will decide later) on a high probability forex trade would have best odds.
But I have to consider all other options too.

I was thinking of blackjack, Not sure what the chance of winning a hand is.. it's like 45%?
I know winning 3 consecutive hands is 12% chance.
I think if I did do that.. I would bet twice (anyone know how much chance of winning 2 consecutive bets?).. and if I won both then I would place 10 grand in my pocket and continue with the other 30 grand.
When I have 60k I'll take either 10k or 20k from that and place in my pocket so I'll walk away with either 20k or 30k if I lose the next bet. Then if I win the 4th time I'll have 130k usd.. rich man

Please don't hate at me for gambling like this but I don't feel like doing the long long grind with such a small starting capital simply.

But I remembered then that people on 2+2 love "flipping" and that's a 50% chance of winning which is better than just 45% in blackjack.. plus simpler.
But drawback as I can imagine is that you can't always trust the opponent? (just word of honor?)

Also, I'm not a bad player at poker, I actually think I'm pretty good even though I don't play it anymore.. I didn't stop because I lost a lot of money.
I stopped because I rather place my bank roll in other investments than for a poker bankroll.

When I went to casino I was always best player at the table.. Possibly just one other guy that was a reg there that was better.. But I think we were pretty even since we both took some money from each other in the pots we ended up together in even if we tried avoiding that from happening.

Why I'm telling that is because I'm also considering if using the 10 grand to buyin to a high stakes cash game might be better than flipping or forex.
I've never played high stakes before though so I'm not sure how much tougher it is so I'm not feeling too confident plus it's been a long time since I played.

Then there's the other option of staking someone else.
But I have no experience in staking at all. And I don't have experience of tournaments either.

So please take this thread seriously and comment your opinion on the different choices I have put for myself and some advice on them.
And any other options I have that I might have missed.
Basically tell me what you think is best way for me to gamble/high risk for insane roi in the world of poker.
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Old 02-08-2012, 01:38 PM   #2
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

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So please take this thread seriously and comment your opinion on the different choices I have put for myself and some advice on them.
Well, good luck with that.
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Old 02-08-2012, 03:35 PM   #3
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

Why is Gambling and Probability the default forum for get rich quick ideas?
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Old 02-08-2012, 03:39 PM   #4
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

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Why is Gambling and Probability the default forum for get rich quick ideas?
Because it is gambling?
I realise I need a lot of luck and chance is big that I will lose the 10k.
But I want as high probability as I can get for my High Risk "Gamble".. Since it's a lot of money I am betting.. At least for the average guy.
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Old 02-08-2012, 03:52 PM   #5
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

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Originally Posted by otatop View Post
Why is Gambling and Probability the default forum for get rich quick ideas?
I think it is because many people feel that "get rich quick schemes" are "too good to be true" and because they figure the people on this forum will talk some sense into them.
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Old 02-08-2012, 03:59 PM   #6
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

I would appreciate constructive replies to help me and anyone else that might be interested in something like this
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Old 02-08-2012, 04:30 PM   #7
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

There's really no good way to make 1000% roi with good probability, unless you define "good probability" very very loosely. The worst case for a 50/50 chance proposition is you'd need to win 3-4 flips in a row - that's a probability of between 1/8 and 1/16. Is that a good probability? Very little grinding required.
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Old 02-08-2012, 04:46 PM   #8
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

Anything that gives you the real possibility of a short-term 10-fold increase in capital is going to require at least 90% chance of total loss (which would be a "fair" wager) if not more.


A fair wager will have you win 10x 1/10 and lose it all 9/10. But you won't find one this good because there is going to be some vig somewhere.
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Old 02-08-2012, 05:25 PM   #9
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

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Originally Posted by RustyBrooks View Post
There's really no good way to make 1000% roi with good probability, unless you define "good probability" very very loosely. The worst case for a 50/50 chance proposition is you'd need to win 3-4 flips in a row - that's a probability of between 1/8 and 1/16. Is that a good probability? Very little grinding required.
At least try to make a better answer than what I've already said in my OP.
I said in my op that chance of winning 3 consecutive blackjack hands is 12% which is harder than flipping.

What I mean by "good probablity" is that you tell me what is best possible probability without grinding within bankroll management... and preferably around 1000% roi... Should def not take more than a year... That is final limit.
But I would think it shouldnt take more than a couple months if even that long.

You can help me by telling me more about staking if you know anything about it?
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Old 02-08-2012, 05:54 PM   #10
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

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Originally Posted by River Royale View Post
At least try to make a better answer than what I've already said in my OP.
I said in my op that chance of winning 3 consecutive blackjack hands is 12% which is harder than flipping.

What I mean by "good probablity" is that you tell me what is best possible probability without grinding within bankroll management... and preferably around 1000% roi... Should def not take more than a year... That is final limit.
But I would think it shouldnt take more than a couple months if even that long.
If there was an easy way to make 10 times your money in under a year, anybody on here who knew how would be relaxing in their beach front villa.
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Old 02-08-2012, 06:04 PM   #11
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

Guys like the OP are not genuinely happy until they are broke, so it really comes down to how much game play he wants to do until he is happy.

Even if he wins his goal this time all that will do is set up a "next time" on his path to real happiness.
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Old 02-08-2012, 06:05 PM   #12
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

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Originally Posted by otatop View Post
If there was an easy way to make 10 times your money in under a year, anybody on here who knew how would be relaxing in their beach front villa.
I dont know why its so hard to understand unless your trolling or something silly.
This is last time I'm replying to people who don't understand...

It could be easy but it also has high risk.. It's a big chance that you lose as well.

Any intelligence out there in the universe?
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Old 02-08-2012, 06:13 PM   #13
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

OP was a few days too late. If he was on the sharp side of the SB game/total, and with reasonable knowledge of in-running wagering he could have made a huge score (assuming all in of course).
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Old 02-08-2012, 06:42 PM   #14
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

For god's sake, at least tell us what your risk of ruin tolerance is.
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Old 02-08-2012, 06:52 PM   #15
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Re: Best way of making ~1000% roi with good probability and don't require much grinding.

Do you believe in efficient market theory?

I don't either -- but I think it's 99%+ true since that's, at the very least, what I don't know. A casino game is going to be a grind -- period.

Here's what I would do. Look for some of the consolidators, the financial gurus that have a big audience that are obviously (and publicly) manipulating the markets. Call that "very limited" inside information. Get all of the early feeds on their broadcasts and immediately play them up or down for a very limited profit. There will be plenty of action. Simulate it and figure out what to expect. When you have an idea when the blips are going to blow up, get out earlier. Then use Kelly criterion to determine your next investment, and plow forward.
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