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Rags to Riches: Turning $50 into a Fortune

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Amount: $50

Hello all. I recently cashed out all my winnings after the Super Bowl (roughly 1k. Would have been 3k if the Colts would have won). Anyways I left a measly $50 dollars in my account. "Why just 50 you ask?" Starting today: February 10, 2010, I'm starting what I call: "Rags to Riches: Turning $50 into a Fortune". "Whatever" you're saying to yourself. That's okay, I don't expect all of you to think highly of this goal of mine. "How much are you considering a Fortune?". Anything over 1 or 2k is what I'm calling a "fortune", but I won't stop there when I reach it.

So I'm starting with $50 tonight. This will not be "building a fort overnight", I'm going to be starting with a simple foundation and SLOWLY building up. This will take months and maybe a year just to pad a decent amount of change. I'm in this for the long haul.

The first play of this mission is:

Chicago Bulls +4.5 
(odds: +105, Risking $5.00 to win $5.25)
 
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BOL
 
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good luck
 
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Good luck, I'm planning on doing the same with baseball this summer.  Start off with $50 or $100 and make $5 and $10 bets for the 1st quarter of the season; then $20 and $25 for the second half, and so on.

BOL....

 
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what sports betting online you guys use? thanks
 
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Give us an update in 2011. Good Luck...
 
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Posted: #9
Yeah this sounds good at the time.  Then you will just go up and down and wind up around even for ever, and then bail the system.  Good luck though.
 
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Posted: #10

Bulls +4.5

 
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Posted: #11

I like this concept so much I think we should bet on it.

Peachy Rider to make 1st:

$100.00  +120

goes broke (140)

 
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Quote Originally Posted by NorthBayJay:

Good luck, I'm planning on doing the same with baseball this summer.  Start off with $50 or $100 and make $5 and $10 bets for the 1st quarter of the season; then $20 and $25 for the second half, and so on.

BOL....





And... Bulls +4.5

TNT Thursday awaits.
 
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Quote Originally Posted by Getty3:

I like this concept so much I think we should bet on it.

Peachy Rider to make 1st:

$100.00  +120

goes broke (140)





The only way I'll go broke with this concept is if I lose 10 in a row at $5 apiece. And even if I start with a horrid streak of losing 5 in a row, I'll lower the bets even more. Like I said, this goal will take time. The more I win, the more I lay on the game, but never will I lay ALL I have on a single game in this mission. I laid 10% of my bankroll tonight, but that was only to get off the ground. Once I start peaking past $100, etc..I won't go past 2 or 3%.

A slow and steady foundation.
 
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Quote Originally Posted by PeachyRider:





The only way I'll go broke with this concept is if I lose 10 in a row at $5 apiece. And even if I start with a horrid streak of losing 5 in a row, I'll lower the bets even more. Like I said, this goal will take time. The more I win, the more I lay on the game, but never will I lay ALL I have on a single game in this mission. I laid 10% of my bankroll tonight, but that was only to get off the ground. Once I start peaking past $100, etc..I won't go past 2 or 3%.

A slow and steady foundation.

Ha 
 
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Trust me, I've gone "ALL IN" numerous times and know from past experiences about terrible money management.



Now starting with a limited bankroll such as $50, it's going to be a long, hard road, but I'm determined and ready to make the best of it.
 
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Posted: #17

What...you starting out with a 50 dollar bankroll?

Man that's gonna be tough...GL though!

 

 
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$5 a bet ...you got to be kidding ... Flip a coin !    why spend (waste )  time to cap a game  

 
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With 50 dollars the highest bet you should make is a $1.50 which is 3% of your bankroll.

I don't think you can bet that low. Like I said it's gonna be tough!

 
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I want fries with my 1/4 pounder burger please...
 
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If you had 400 of those $50 you could make a fortune but to have just 1 of them in your bank like I said it's gonna be tough!

 
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Buffalo Sabres tom incl overtime
 
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keep rollin you will get it
 
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Record: 0-1-0
Amount: $45

Today's Play:

Cleveland Cavs -6.5
(odds: +107, Risking $1.50 to win $ 1.61)

Not feel very comfortable with either game tonight.





 
 
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Posted: #25
I'm adding:

San Antonio Spurs +3 1st Half
(odds: +102, Risking $20 to win $20.40)
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