Quote:
Originally Posted by GameBred
SECOND REQUEST:
Please direct me to the thread(s) where one can turn $200 into at least $100,000 in a short period of time.
Thank you.
If we're calling a few years a short period of time, 'make an account on all your soft local outs/sites that aren't know to be sharp, attack off market stales lines/niche markets/props to grow initial BR using pinnacle/exchanges as an indicator of true prices (or sharp local books like for example topsport is the sharpest 'local' book in Australia whereas most of the others are super square)
Let's say Pinnacle has a game at -123/+110 and betfair/matchbook agrees that the true price is about the same (let's say it has back/lay at -117/+116 with some decent depth to the market)
If you're getting -110 or +123 on the respective sides or even a point or two worse, you're prob gonna do okay in the long term. Yes, it is that simple. Yes those spots are widely available if you have a ton of accounts with a ton of books and a small enough bankroll to put full units on large edges on niche sport. Yes, it does get harder as your bankroll scales, but certainly not until you're into betting into the four figure range and by that point you've probably figured out an area where you can succeed while scaling your bet sizes.
I was betting $20-100 on random stuff recreationally when I started here as a poker player and eventually over several years turned it into a large br firing 10k+ etc, MrRod turned next to nothing into a six figure br since I first met him as a random poster here, i'm sure the guys who have been doing it longer like thremp (as much as we don't get along) probably have seven figure bankrolls, he's right and he knows what he's talking about here, we mostly all followed roughly the same formula at least initially before settling into whatever it is we specialise in as we learned more and our bankrolls got to the point where we can do it full time.
In my case I still attack some major markets on soft local outs that offer square lines, while also handicapping a few semi-mainstream but not completely mainstream sports. Other people do different things, there are a ton of ways to win, but it's basically unanimous that attacking niche markets and square/off market lines is where you should start if you have 200 dollars and want to build from there.
If your starting bankroll is 200 dollars you can probably find 5% edges fairly easily betting niche stuff like asian baseball or third division soccer or french rugby union or rugby 7s or esports or whatever just stake aggressively at at half kelly or whatever and a year or two in you should probably have a five figure bankroll and a few years in you should have a six figure bankroll if you figure out how to do it right
Obviously the optimal bet size for a losing punter is zero I literally said in the first reply in this thread that if you're making -EV bets your bankroll will eventually be at zero anyway so learning to make profitable bets is the right place to start (for example, if you're getting arb price against Pinnacle or backing at the betfair lay price it's going to profitable over a decent sample and it shouldn't be too hard to find spots to do that on a 200 dollar bankroll as you can max bet all sorts of niche markets for a long time)
Or if you have no interest in betting at a serious level for profit and just want to have fun, bet on whatever you want to bet on for however much you can afford to lose and that's fine too. If he can afford to lose 25 cents a game and finds a bet where a book will take bets that small cool he can only lose a cent and change in EV or whatever per bet, or if he wants to make -5% ROI bets at 10 bucks a game he's losing 50 cents a game equity i'm sure he'll be fine and yes if his bets aren't profitable he'll go busto after a few hundred bets on average but that's cheap entertainment and that's fine
Last edited by SwoopAE; 11-23-2019 at 01:54 AM.