How I built my bankroll to over $15000.00 in 90 days so that a one unit win actually meant something. Maybe this can inspire or help you to do the same thing.
As a prop trader based in the South, I didn't come from a wealthy family. I was from a small town, so outside of a payday loan shop, there wasn't many options for backers. Like many of you I felt I could win over the long term but needed capital to do it. Also, like many of you, I didn't want to wait either. Now let me say this up front, try to get that out of your head. If your patient and do things right, time will pass before you know it and you will be booking $10K weekends on the reg. That being said, I do not expect you to listen, because I didn't. I mean the entire culture on Wall Street is about making profits as quickly as you can. That was my world, and thats who I am. When the economy melted down, my prop firm closed up shop. The owner had doubled down on mortgage backed securities and you can imagine how that turned out. I needed capital to put into the sports market, and I needed it now! I also needed a more guaranteed winning % week in and week out. Hers's what I did....
You don't need to reinvent the wheel. Get capital, find an edge, then churn, churn, churn
As you guys know, a bankroll is only half the battle. You need to win. So before I tell you what I did to raise capital, and I'm not talking about the garbage you read online like..."sell stuff on eBay or give blood". I'm talking about raising between $2000 and $15,000 in 30 to 90 days. Lets talk about winning for just a second, then we'll get to raising money. With most pros, 55% is a nice target to shoot for. I knew I could win. Being a online poker pro before moving over to Wall Street, I had bet NFL and MLB day in and day out with good success. But the game was getting harder. The bookmakers were getting it right, a lot more than they were getting it wrong. I use to crush MLB over/unders. But I was finding myself on the wrong end of these bets more and more. With my firm closing down, I had access to smart human capital, with plenty of time on there hands. I went to the head of our IT department. I told him, I know your one of the guys that came up with our trading algorithm. I asked him how tuff it would be to come up with an algorithm for MLB games. He said "in comparison to the futures market? Not hard at all" He agreed to help me build one. What a lot of people do not understand is, not only is an algorithm not that hard to build, but the algorithm is not the "magic". Algorithm's are easy in this day and age. Its the info that goes in that matters. You've heard the expression, garbage in garbage out right? We have all heard of Haralabos Voulgaris. People always talk about his Algorithm. As important as his is, I do not believe anyone knows the NBA better than him. I mean he was a GM for an NBA team goodness sakes. He watches almost every NBA game, and LOVES it. Its his passion. The information going into his algorithm is where the magic comes from. There are tons of books out there that tell you how to come up with your own line. For example....Pythagorean theorem is the basis for most of this. Just plug the numbers in. Team X offense, defense, ect. There are many websites out there that you can find these numbers. The talent comes from the Handicapper. How does HE weigh these CURRENT numbers. Take the Twins this month. They are on fire. To say there offense is hitting the ball well would be an understatement. If there offensive number is say a .96, (guys I haven't checked these, they get pulled in automatically from various sites, so these are just an example) you plug it in and go! But, thats a number for the whole season. A good handicapper might raise it up to a 1.00 based on how they are playing right now. Or a REAL good pro would pump it up to a 1.10. He will get a different number than the linemaker. If he's correct, theres your edge. This is why Voulgaris is so good. Its his info going in. If garbage in is garbage out, then gold in, is gold out. So where is my gold information coming from? A fellow trader and regular poker player in some of the biggest high stakes cash games from Atlanta to Nashville was a former JR. College baseball player of the year. Before he became a trader he was a high school baseball coach. My sons step father was drafted right out of high school by the Pirates. My team was complete. A software engineer for Wall Street righting a Algorithm for me. A former MLB player and a college baseball of the year with a background in statistics and data analytics. Now, I NEEDED MONEY.
I needed capital, and not a few hundred dollars. I needed a minimum of $10K. Her is how I did it.
With the credit crunch happening getting a loan was out of the question. Coming from a small town I did not have very many open minded investors running around willing to put up capital to back someone to bet sports. When I did research on the internet the same garbage kept coming up. Sell stuff on eBay, give blood, turn in scrap metal. Not to mention all this was going to do was up my bankroll a few hundred dollars. Instead of wasting your time and telling you how I came across these ideas to generate capital, I am just going to get to it and tell you what I did. The biggest money maker for me was a $12,000 uptick in my bankroll in 60 days. How? You've guys have all heard of Recruiters right? Headhunters? Theres a few different ways they go about recruiting people and getting paid. But the most common is, they find an individual with a degree and experience in a certain field. Then they call District mangers for a BIG company's, in said field and start matchmaking. If that individual gets the job, the recruiter gets a check for around 25% of the first years salary, or a flat fee. Anywhere from $8K-$25K. I'm not telling you to go start a recruiting firm. Do what I did....find a friend or family member. Ask them if they want a new job (in there field of course). Go to Hoovers, get Districts managers names and start dialing. ITS JUST A FEW PHONE CALLS AND A RESUME SENT OVER. Now after talking to the recruiter that got me my job as a trader she tells me its not always that easy. But for my cousin who now works as a sales rep for Cardinal Health, it was for me. I started dialing, spoke to a District manager, he had an opening, sent over the resume, after five interviews, she was hired. 61 days from start to finish. I was paid $12,000. Now if you don't have a friend or family member that has a degree or is on the medical field (nurses and Pharma sales people are the easiest). this might not be for you. Once again, I am buy no means suggestion you start a recruiting firm. But if you have a sister or cousin who is ready to go....get a resume and start leaving voicemail's. It will happen quicker than you think. The last two things that helped my fund raising was my car and my fathers truck. It is the easiest money you will ever make. I'm not giving you the big speech on Uber and Lyft, but if your not using it your leaving funds on the table. When I was to busy to drive, I would rent my car out on relayrides.com. I was making $9 per hour just letting people use my teenage sons first car (that usually sits in the garage). Then on the weekends, I was listing my dads truck out on craigslist.com . Everyone is ALWAYS saying ..."I need a truck to do this or that this weekend". I was making $250 a day on the weekends and my biggest day was $400. It seemed like in no time, a one unit bet for me was $400. We raised our bankroll to $15K in just over 10.5 weeks.We were then reinvesting it into the sports betting market at 55%. This is what I did to set myself up to make a living doing what I love. I'm not saying it was easy, but honestly it was not that hard either. You do not have to copy what I did. Maybe this will inspire you and give you some ideas. You don't have to be the smartest guy in the room. Just make sure you surround yourself with the right people, and you'll be just fine. I'll be posting the algorithm picks from me and my team here on the pregame.com forum's. So far, our MLB games are 117-86-2, 57.64%, +1352.00 here on pregame.com, and our NFL games are at 62%. If anyone has any questions about easy ways to raise capital for sports betting just shoot me out a message, I don't mind about telling you about a few other things we did (and don't worry, I'm not selling anything, I'm just trying to help out the community). Or just let me know your situation, I don't mind putting in my two cents. Good luck!