I am about to be managing a sportsbook with 250 grand. The point of it is to grow the account an X amount of percent each year. For all you professional bettors, what do you think is the best way to manage my picks? Most people don't even see this kind of money, but some people do.
It would help a lot, I don't want my balls chopped off for losing 250 grand.
Thanks!!!
0
To remove first post, remove entire topic.
I am about to be managing a sportsbook with 250 grand. The point of it is to grow the account an X amount of percent each year. For all you professional bettors, what do you think is the best way to manage my picks? Most people don't even see this kind of money, but some people do.
It would help a lot, I don't want my balls chopped off for losing 250 grand.
im pretty sure if you had that kind of money in the first place you would not be asking what to do with it in a public forum...
no i do have a plan. but i'm just nervous that i might fall victim to probability. i wanted to know how others would approach this situation. im trying to learn with the most info. i know covers.com has a variety of sports bettors from the pros to the retail people (recreational bettors in case you dont know)
0
Quote Originally Posted by A-OK:
im pretty sure if you had that kind of money in the first place you would not be asking what to do with it in a public forum...
no i do have a plan. but i'm just nervous that i might fall victim to probability. i wanted to know how others would approach this situation. im trying to learn with the most info. i know covers.com has a variety of sports bettors from the pros to the retail people (recreational bettors in case you dont know)
Sports gambling isn't a safe investment. But if you must bet, stake no more than 1% per bet per day. As an alternative, there is a way to have your cake and eat it too. Since stocks are bargains now, invest in good mutual funds and withdraw 1% every month.
0
Sports gambling isn't a safe investment. But if you must bet, stake no more than 1% per bet per day. As an alternative, there is a way to have your cake and eat it too. Since stocks are bargains now, invest in good mutual funds and withdraw 1% every month.
I think you should use a strategy that has been proven too win every year like home favorite off underdog loss system. if you flat bet this system all year you will be ahead. at the end of the season. tomspeople is running it and it hasn't started yet. I think if I understand his system the first plays are today. he always post on this board . look down the posts for hdoudl system. keep your bets at 1%. stay away from stockmarket because it's only bound too get worse.
0
I think you should use a strategy that has been proven too win every year like home favorite off underdog loss system. if you flat bet this system all year you will be ahead. at the end of the season. tomspeople is running it and it hasn't started yet. I think if I understand his system the first plays are today. he always post on this board . look down the posts for hdoudl system. keep your bets at 1%. stay away from stockmarket because it's only bound too get worse.
if your american then sports books like bet jamaica, matchbook and the greek are top dog and you will get paid. these three are owned by the greek and have paid americans for many years.
0
if your american then sports books like bet jamaica, matchbook and the greek are top dog and you will get paid. these three are owned by the greek and have paid americans for many years.
I think you should use a strategy that has been proven too win every year like home favorite off underdog loss system. if you flat bet this system all year you will be ahead. at the end of the season. tomspeople is running it and it hasn't started yet. I think if I understand his system the first plays are today. he always post on this board . look down the posts for hdoudl system. keep your bets at 1%. stay away from stockmarket because it's only bound too get worse.
I would not put it in the markets, because this money came from the markets. My investors been having a good year shorting this bear makert with leveraged ETFs.
Bets at 1%? Or would youn reccommend high probability groups of games with a double cover? i'm not talking about waking up each day and making a pick and hoping it his. I have a system that covers with 5 games. But it will involve major equity swings,I willing to take that risk if I can make some big capital games, but 10% net after this season is not enough. I need to grow it at least a 100 percent a year
0
Quote Originally Posted by jv040:
I think you should use a strategy that has been proven too win every year like home favorite off underdog loss system. if you flat bet this system all year you will be ahead. at the end of the season. tomspeople is running it and it hasn't started yet. I think if I understand his system the first plays are today. he always post on this board . look down the posts for hdoudl system. keep your bets at 1%. stay away from stockmarket because it's only bound too get worse.
I would not put it in the markets, because this money came from the markets. My investors been having a good year shorting this bear makert with leveraged ETFs.
Bets at 1%? Or would youn reccommend high probability groups of games with a double cover? i'm not talking about waking up each day and making a pick and hoping it his. I have a system that covers with 5 games. But it will involve major equity swings,I willing to take that risk if I can make some big capital games, but 10% net after this season is not enough. I need to grow it at least a 100 percent a year
if your american then sports books like bet jamaica, matchbook and the greek are top dog and you will get paid. these three are owned by the greek and have paid americans for many years.
Yes US. I use TheGreek, Bookmaker, and Matchbook. I think I'll have to claim the income though, so I'd have to move to Vegas in the summer
0
Quote Originally Posted by jv040:
if your american then sports books like bet jamaica, matchbook and the greek are top dog and you will get paid. these three are owned by the greek and have paid americans for many years.
Yes US. I use TheGreek, Bookmaker, and Matchbook. I think I'll have to claim the income though, so I'd have to move to Vegas in the summer
I would not put it in the markets, because this money came from the markets. My investors been having a good year shorting this bear makert with leveraged ETFs.
Bets at 1%? Or would youn reccommend high probability groups of games with a double cover? i'm not talking about waking up each day and making a pick and hoping it his. I have a system that covers with 5 games. But it will involve major equity swings,I willing to take that risk if I can make some big capital games, but 10% net after this season is not enough. I need to grow it at least a 100 percent a year
I have a couple of other systems I like playing as well that come in at a pretty good rate of percentage. are easier to track I think.
you could always check out ssbwins and see what tods program is all about he's got some e-book sytems and life time of e-mail picks he gives out it's worth it. this is how I got started sports betting on a more serios level.
I'm thinking about taking a couple of tods systems he gives out in his e-book this year and running the snowball method on them using parlays.
snowball method is starting out with a bankroll say example would be 100 take 10% of that and do a parlay with it if you win take 10% of your total bankroll and place the next bet if you loose then take 10% of that total for the next bet. or you could start out at 10% and keep betting same amount till you double your bank roll then take 10% of that.
this of coarse is way more aggressive than other betting methods but you can grow your bankroll quickly with the right betting systems.
if you choose this method of betting then I would of coarse start out with a smaller amount.
0
Quote Originally Posted by JMANT420:
I would not put it in the markets, because this money came from the markets. My investors been having a good year shorting this bear makert with leveraged ETFs.
Bets at 1%? Or would youn reccommend high probability groups of games with a double cover? i'm not talking about waking up each day and making a pick and hoping it his. I have a system that covers with 5 games. But it will involve major equity swings,I willing to take that risk if I can make some big capital games, but 10% net after this season is not enough. I need to grow it at least a 100 percent a year
I have a couple of other systems I like playing as well that come in at a pretty good rate of percentage. are easier to track I think.
you could always check out ssbwins and see what tods program is all about he's got some e-book sytems and life time of e-mail picks he gives out it's worth it. this is how I got started sports betting on a more serios level.
I'm thinking about taking a couple of tods systems he gives out in his e-book this year and running the snowball method on them using parlays.
snowball method is starting out with a bankroll say example would be 100 take 10% of that and do a parlay with it if you win take 10% of your total bankroll and place the next bet if you loose then take 10% of that total for the next bet. or you could start out at 10% and keep betting same amount till you double your bank roll then take 10% of that.
this of coarse is way more aggressive than other betting methods but you can grow your bankroll quickly with the right betting systems.
if you choose this method of betting then I would of coarse start out with a smaller amount.
sometime ago tod wrote an article that included how too cash out of sports books and pay no taxes. I think you should ask him about it. in e-mail. maybe he still has it.
0
jmant420
sometime ago tod wrote an article that included how too cash out of sports books and pay no taxes. I think you should ask him about it. in e-mail. maybe he still has it.
with that kind of money bet 10,000 a game no more no less. and win more than you lose. 60-40 should pay $160,000(football and basketball). Baseball and soccer just win more than you lose!!!!!!!!
What do you want to hear????? Pick smart dont be a retard!!!!!!
Move to vegas!
0
with that kind of money bet 10,000 a game no more no less. and win more than you lose. 60-40 should pay $160,000(football and basketball). Baseball and soccer just win more than you lose!!!!!!!!
What do you want to hear????? Pick smart dont be a retard!!!!!!
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
Hot Forum Topics
