What Unit size and Bankroll side would you need before you quit your day job.

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This is assuming you play with an edge of course.
From the math I'm doing I think you'd have to be betting at least 500 per game with a bank roll of no less than 50k. And that's just making a decent living.
 

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*that's bankroll size,damn I need to proof read my shit before I post
 

Rx. Senior
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simple algebra, where you have to multiply your edge by number of annual bets and come up with a number that will replace income lost from quitting work

Edge x # of bets x Y = annual salary

Answer to Y will give you average bet size. Then you would have to figure out bankroll according to risk of busting. For me, the math works out to about $2 000 per bet. Any bankroll that would sufficiently cover the huge variance on that would be more than enough for me to simply drop out of the workforce and live well without earning anything from gambling
 

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Are there ppl that actually live soley based on their gambling income.
 

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Are there ppl that actually live soley based on their gambling income.
probably not too any but I know a couple.
 

schmuck
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small problem with some of the above calculations.
even if one could accurately define one's edge (roi,
which is very difficult to do with a small sample size),
there is no guarantee that the linemaker or your
competition won't pick up on this angle and reduce
or eliminate that edge at any point in the future.
to be successful, one has to adapt and continuously
find new betting edges in the face of intense competition
and sharper linemakers. this is no easy task.
 

schmuck
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simple algebra works well with constants, if the edge % continuously changes then
the formula is overmatched and likely to lead to erroneous conclusions.
 

Rx. Senior
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Exactly how often are the linemakers or competition picking up the angle to reduce or eliminate the edge?

If it really is continuously reducing the number more than a couple of times per year, I would say there really is no edge at all

Otherwise, just build it into whatever figure you enter into the calculator
 

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small problem with some of the above calculations.
even if one could accurately define one's edge (roi,
which is very difficult to do with a small sample size),
there is no guarantee that the linemaker or your
competition won't pick up on this angle and reduce
or eliminate that edge at any point in the future.
to be successful, one has to adapt and continuously
find new betting edges in the face of intense competition
and sharper linemakers. this is no easy task.

I agree with you and thats why I stay away from profitable angles or trends. Beating the closing line (If you can do it) Seems to be the closest thing to a constant as one can find in sports betting. Studies have shown that the closing line is the sharpest and most accurate.
 

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I agree with you and thats why I stay away from profitable angles or trends. Beating the closing line (If you can do it) Seems to be the closest thing to a constant as one can find in sports betting. Studies have shown that the closing line is the sharpest and most accurate.
and were talking over 100's of thousands of plays here
 

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simple algebra works well with constants, if the edge % continuously changes then
the formula is overmatched and likely to lead to erroneous conclusions.
and thats why overkill is alway a good thing. Instead of having an exact bankroll amount of what your edged is go bigger. For example so far this year I've had about 5% edge over 500 plays yet I'm only betting 1% of bankroll on any given play. I never sweat a losing play or even a losing month.
 

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simple algebra works well with constants, if the edge % continuously changes then
the formula is overmatched and likely to lead to erroneous conclusions.
and thats why overkill is alway a good thing. Instead of having an exact bankroll amount of what your edged is go bigger. For example so far this year I've had about 5% edge over 500 plays yet I'm only betting 1% of bankroll on any given play. I never sweat a losing play or even a losing month.
 

Rx Dragon Puller
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I dunno but the type of luck i have on some days i would need a HUGE BR
 

schmuck
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5% edge is spectacular, however it's easier to achieve when one
is betting relatively small, early, and into weak numbers.
betting late and large after the obvious line weaknesses have
been gobbled up, which is what the big groups do is just
amazing.
 

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5% edge is spectacular, however it's easier to achieve when one
is betting relatively small, early, and into weak numbers.
betting late and large after the obvious line weaknesses have
been gobbled up, which is what the big groups do is just
amazing.
I bet into early numbers usually about 8:30 am I'm at 5% with just over 500 plays since Jan which is a good amount of plays, whether or not it can be sustained is yet to see. My bank roll is fairly small and so are my bets. Last year I finished around 2.4% but I was betting a little later at noon on my lunch break. I work grave yard now, which has done wonders for me. A lot less sleep but getting better numbers.
 

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I would need 100K as a bankroll.

50K for active bankroll and the other 50K as reserve.
 

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