General Betting
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I'm not suggesting that i'm going pro any time soon, probably never will neither in all likelihood, but i'm just curious that if you are skilled enough and have the discipline, what level of bankroll would you need. For instance, to make these sort of profits net pcm.
1 - 1200
2 - 1800
3 - 3k+
4 - 5k+
5 - 10k+
1 - 1200
2 - 1800
3 - 3k+
4 - 5k+
5 - 10k+
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Replies: 64
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You just need to get lucky, get off to a godd start.. probably £500
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If you cant do it with 1,200 youre fairly unlikely to be able to do it with 10,000.
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:^0
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pro trader... £20.
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You can't really answer this without knowing something about your betting style eg strike rate, potential ROI%
If you want a broad brush estimate I would say that if you aim to make 12k per year then you need 12k to start with. As I said this is braod brush but its based on betting 1/100th of your bank and making 100 pts level stakes at the end of the year. But there is not one size fits all. |
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Any serious comments other than these mugs!
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Cheers Josh
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ChrisWidge 30 Dec 10:54 Any serious comments other than these mugs! People that live in glass houses should not throw stones. |
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Dont eat yellow snow.
Look both ways before you cross the road. |
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ChrisWidge 30 Dec 10:54
Any serious comments other than these mugs! People that live in glass houses should not throw stones. Josh understood the question fine. I'll let Doyle off while he's Irish!! |
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Somebody else's ;)
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:D
I was being serious for once! You said if youre "skilled enough and have discipline" Well, when youre good, youre good, you could do it with anything. |
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I am certainly not 'pro' - but i do believe the 'losing streak' is the enemy of any Bankroll .
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my mate is pro bettor on hear, he earns up to a pony a day, tops it up with window cleaning on the side
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Oh God, I think I'm going to choke (and not on something salty either!) A pro earning £25 daily supplementing with window cleaning.Brilliant.
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"The market can stay irrational longer than you can stay solvent"
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tess a pony a day aint to be sniffed at, how much ewe lose per day?
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JamesBlakesHugeArse 30 Dec 11:41
"The market can stay irrational longer than you can stay solvent" :) |
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You'll know the answer yourself due to how you operate and your previous years results
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25 a day is 9,125 a year. It all adds up.
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Id say $10,000 - Means that you only have to make 1% a day to give yourself a decent living, and by doing so it means that you dont have to play risky bets (1.01), I find cricket in play is good to do safe bets on, not a fan of horse/hound racing, too much hard work trying to arb the bets.
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I think the answer is... what you are comfortable with....which will depend on your age, any dependents, your outgoings, effect on your job prospects, if you are married does your spouse have a job and how much she earns, pension provisions, your wealth excluding your bank, future inheritance prospects, but most importantly your betting style, your historical strike rate and confidence that the strike rate will continue.
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Anybody that needs to ask this sort of question should sign on, live on benefits and start with £100. Then there is only £100 to be lost as I cannot help but think that if this question needs to be asked then the P&L will only have a minus sign in front of it.
I just say it like it is. :| |
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My opinion is roughly 2 years wages in the bank to fall back on.
That is what I had. |
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plus the knowledge that you can actually make a profit mister ed ;)
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trading, you can make a living with a grand or two in your account if you know what you're doing.
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There is some truth in what Alex says. You should have historical results that answer your original question. Look at your results over the last few years and and conjur up an answer that fits your profile.
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window cleaning is a good source of cash back up for pro bettors.
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You should have historical results that answer your original question. Look at your results over the last few years and and conjur up an answer that fits your profile.
And it is all about probabilities, prices and maths. So if you cannot do the basic sums to work out the required bank then pro betting is not for this chap. I have now changed my advice. Start with £50. |
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And make sure the window cleaning income does not impact on benefits.
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:)
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lots of sharp minds on hear alex, :)
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It aint about bankroll ... Its about turnover ... Ask any business take Tesco they would be over the moon with 15% profit on turnover ... so you pro gamblers who say want £10K a year .... you need to turnover £100 k...... cause belleve me if you can make 10% you have no problem .. you will be up there with the best ......
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throwing in my thoughts:
When I played poker I used to have a rule to never play at stakes for which my bank roll wasn't at least 30 times larger than the buyin required to sit at the table. I never went broke. If i did i would have to accept I wasn't good enough. This allowed me to deal with swings in luck too. I'm sure something similar could apply with trading |
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Anybody that needs to ask this sort of question should sign on, live on benefits and start with £100. Then there is only £100 to be lost as I cannot help but think that if this question needs to be asked then the P&L will only have a minus sign in front of it.
I just say it like it is. I stated I have no interest in doing it as I gamble recreationally. To say something like this is arrogant and also on par with the small c0ck syndrome (Assuming you know what I'm going on about). To say that i should sign on and live on benefits, which you did, when knowing nothing about me personally is retarded. Next your gonna start asking me what car I drive, size house I live in bla bla bla, But i'll just assume your a cu nt. |
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Steady Chris, I think Alex is a bit brutal with his points but he probably means well.
Tell us a bit about how you bet and maybe help will be foirthcoming. Do you bet win only and at what type of average odds?. |
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I had nothing against him until he started being presumptious and saying I should go on benefits etc bla bla. He didn't mean well whatsoever with that post.
I asked a simple question, if he didn't like it he should have gone to the next thread. |
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Lets be fair Chris it`s a stupid question.
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Cricket: £413.12 | Soccer: £97.05 Total P&L: £510.17
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