How to turn $1,000 into $1 million by betting on sports

How to turn $1,000 into $1 million dollars in 11 years with a 6% monthly return

It sounds crazy, doesn't it?

That you could actually start with $1,000 (and a ton of patience) and turn it into $1,000,000 in just 11 years seems like one of those things that are just too good to be true.
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The catch is that it takes a 6% monthly return on turnover, which is definitely possible.

Too many sports bettors are focused on now.

Results should be measured over seasons, not days. What makes compounding so powerful is that it takes a ton of small, boring wins, and turns them into a colossal return, over time.

The question is: do you have the patience to wait 11 years?

If you knew that you could quit your job in 11 years, but you would have to grind during those 11 years, would you do it?

Let's face it, starting with a $1,000 bankroll and risking $10 per bet is boring!

After 1 month, with a 6% return on turnover, betting 3 games a day, that $1,000 turns into $1,054.

It doesn't seem worth it, does it?

Betting every day for a month, and all you'd have to show for it is a crappy 54 bucks?!

But now we're in month 2, and since we're risking 1% of bankroll per bet, now we're risking $10.54 per bet. I like to round my bets to whole numbers, so our new risk amount would be $11 per bet.

So at month 3, our initial $1,000 has now turned into $1,113.40.

Start of month 4, we're at $1,172.80. yawn! So after 3 months, we have a whole whopping $173 bucks to show for our hard work. See, I told yah, it's incredibly boring!

But let's keep going with the maths, aiight?

Month 5, and now we're risking $12 per bet. Our $1,000 has now turned into $1,237.60.

Month 6, we're still at $12 per bet, and now we're at $1,302.40.

Month 7, we've increased to risking $13 per bet, and we're at $1,372.60.

Month 8, we're risking $14 per bet, and we're at $1,448.20.

Month 9, still at $14 per bet, and now we have $1,523.80.

Month 10, now we're risking $15 per bet, and we have $1,604.80.

Month 11, we're risking $16 a bet, and we have $1,691.20.

Month 12, now we're at $17 a bet, and we're starting with $1,783.

So after 1 year, we're now risking $18 a bet, and our initial $1,000 has turned into $1,880.20.

We've worked an entire year and made a grand total of $880.20.

Whoop-de-freakin-doo.

See? I told you. Incredibly. Insanely. Boring.

But it gets better.

At the start of year 3, you're now at $3,538.

And then when year #4 rolls around, you have $6,640.

Start of year 5, you have $12,477.

So after 5 long years, starting on year 6, your initial $1,000 starting bankroll has now compounded into $23,445.

You'll see that the compounding happens a lot faster now that your bankroll has started to grow into something respectable.

So at year 7, now you're at $44,051.

Start of year 8, you have $82,801.

Start of year 9, you're at $155,625.

Now we're starting to get somewhere!

Start of year 10, you're at $292,516.

So at the end of 10 years, you've turned that $1,000 starting deposit into $549,834.

Alright, so it's going to take a tad bit longer than 10 years, but it sounds way cooler to say that you turned a $1,000 into $1 million in 10 years, right?

So, after 10 years and 1 month, you now have $579,523.

After 10 years and 2 months, you're at $610,816.
After 10 years and 3 months, you're at $643,799.
After 10 years and 4 months, you're at $678,564.
After 10 years and 5 months, you're at $715,208.
After 10 years and 6 months, you're at $753,828.
After 10 years and 7 months, you're at $794,543.
After 10 years and 8 months, you're at $837446.
After 10 years and 9 months, you're at $882,671.
After 10 years and 10 months, you're at $930,336.
After 10 years and 11 months, you're at $980,572.

And finally, at the end of 11 years, you have turned your $1,000 starting bankroll into an "easy" $1,033,524.

And if you started with a $2,000 bankroll, you'd shave a year off and you'd have a million dollars in 10 years.

Just imagine how much faster it would've been had we started with risking 2% per bet, instead of 1%!

Now, let me get a little nerdy here and go over how I got these numbers.

First, what is a return on turnover?

Actually, let's backup just a second. What's turnover?

Turnover is the total amount of money that you have bet over a given period. It's the amount of money that you've turned over.

So let's say that it's a normal football weekend; you don't have anything to do, wife's out of town visiting her folks, took the kids with her. You buy a couple cases of beer, and look forward to betting the games Saturday and Sunday.

You see 4 college football games you like on Saturday, so you put $100 down on each of them. You've bet a total of $400. So far, you've turned over $400. At this point, it doesn't matter whether you win or lose them. You've "invested" $400.

Now Sunday rolls around. Remember, it doesn't matter how you did on Saturday. You like 3 games on Sunday's card, so you put another $100 down on each of them. You've bet a total of $300 for the day.

So for the entire weekend, you risked a total of $700. $700 is your turnover. If your goal was to make a 5% return on your turnover, then you want to make $35 for the weekend.

Doesn't sound like much, does it? $35 is nothing. But that's the reality of sports betting. That's what it actually takes to let compounding work for you, and turn a small bankroll into a large one.

Because eventually, you'll be betting $1,000 a game. And with the same scenario, you would've profited $350 for the weekend. Not bad.

And then there will eventually come the time where you're betting $5,000 a game, and you would've profited $1,750 for the weekend. So just betting weekends only, that'd earn you $7,000 a month.

You have to let compounding work for you

It takes time. It takes a lot of patience. But it does pay off, if you let it.

Next up, let's go over how to calculate your annual return based on your monthly return. No, it's not as easy as multiplying your monthly return by 12 (because of compounding).

There's a pretty simple formula you can use to determine this:

How to calculate annual return from monthly return

So let me explain this formula.

Annual return = ((1 + Period return) ^ Number of periods) -1

Since we are trying to define our annual return, and we know our monthly return, then replace "Period return" with your monthly return on turnover. For this example, we're going to use 6% (converted to decimal). So the new formula is now:

Annual return = ((1 + 0.06) ^ Number of periods) -1

There are 12 months in a year, so replace "Number of periods" with 12:

Annual return = ((1 + 0.06) ^ 12) -1

You can paste that formula right into Google if you want, and it'll give you back: 1.01219647184

To convert this number to a percentage, just multiply by 100.

1.01219647184 x 100 = 101.22%

So with a 6% monthly return on turnover, you double your money every year.

Where else are you to get this kind of return??

How to double your money every year with betting on sports

Image credit to Adam Chernoff

Patience really is key

Time flies by. When I think back 10 years ago, it seems like it was almost 2 years ago. If I only had started 10 years ago, where would I be right now?

Coulda, woulda, shoulda, I know. Hindsight is 20/20.

But that doesn't mean you can't start now. I started back in December 2016 with $2,000. I've turned it into $12,000, less than a year later.

Even if you don't have a winning sports betting system, with a bit of research you can find winning handicappers that provide a 5%+ monthly return.

Where will you be in 10 years? Will you be a millionaire? Or will you be stuck in a cubicle, hating 11 hours of your life every single day?

I know where I'll be in 10 years.

About the Author Steve

Steve firmly believes that most meals can be improved with mac n cheese. When he’s not helping people make money betting on sports, Steve loves mountain biking, playing video games with his son, & annoying his wife. He also drinks green smoothies, but don’t hold that against him. Oh, and he’s a big Dallas Cowboys fan. Don’t hate.

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