Quote:
Originally Posted by SwoopAE
Some people live cheap. It obviously wouldn't be close to viable for most people if you're supporting a family of 4 in New York or whatever but if you're a random dude living in random town with no debt or people relying on your money other than yourself it should be possible.
If you're turning over 200k a month at say a 3% roi (both of which would be doable if you're good at betting have access to a bunch of books that are soft and have a lot of outs to get action down with a 20k roll in that you're turning the entire roll over once a day on the weekend days (160k/mth) and getting some minor midweek action (40k for a month seems more than reasonable for midweek) that'd be 6k a month in EV (you can live off 3k a month in most places, granted not in a luxurious fashion, or less in a non-first world country).
Yes, it would slow bankroll growth drastically if you're taking a few k of that out to live off and increases your risk of ruin, but it's theoretically possible and i'd say you're definitely a favourite to run it up if that's the case as opposed to go broke. I wouldn't recommend it unless you're young/single/living somewhere cheap/have no one depending on your income and have a fallback plan though.
Out of curiosity what is the minimum roll that you, an expert sportsbettor would require in order to run it back up to infinity while also living off your profits? I'm pretty confident I could do it on 30k or so assuming I could get all of the action down I wanted to and I live in a first world country with a slightly higher cost of living than the US average and i'd get there starting with 20k with a higher risk of ruin a decent percentage of the time assuming I was willing to live cheap for the first few months at least. You live in Estonia where the average annual income/costs of living is slightly lower right? I'd be shocked if you couldn't do it with 20-30k assuming you're as good at sports betting as you claim? How much do you think you'd need to run it up if you had to start over, but assuming that you had the access you needed to get action down?
Overall idea regarding the ability to start with a smaller BR if your have outs,strong work ethic and turn your BR several times a month its the same i have,and i experienced in the early phase of my carreer.However i think you are throwing many arbitrary numbers to the table..
In what the exact number to start concerns i also agree,it varies a lot according the place expenses and conditions you live in.I started 2 years ago with 10 k,but i was 24 lived alone in Lisbon(capital of Portugal)where 2,5k euros a month is the avg middle class income.I had also acess to all UK bookies,since i lived in London the year prior starting my gambling journey professionally.
So 10k for me was enough but if you are living in Palm Springs like Mihkel who needs to pay golfing fees,marine fees,chauffeur etc you need probably 100k plus to start