Sports Betting Record Keeping Spreadsheet
- Sports Betting Record Keeping Spreadsheet Form
- Sport Betting Spreadsheet
- Football Betting Spreadsheet
- Sports Betting Record Keeping Spreadsheet Free
The sports bettor must maintain the records of their activities in the sports betting. When you bet online, you need to maintain a record of your profits and losses. Managing your bankroll is the key aspect in this regard. A proper track needs to be kept of your bets in online gambling. It proves useful in the long run.
Keeping track of your bets in a betting spreadsheet is one of the most important parts of becoming a successful bettor. We’ve teamed up with pro punter Matt Taylor to share a simple sheet for you to. Promo Codes Sports Betting Record Keeping Spreadsheet. Easy to apply Find Gun Lake Casino Hours. Promo Codes Free Sports Betting Information App. Find Why Sports Betting. Matched Betting Spreadsheet. Keeping track of bookmakers details, offers, withdrawals, deposits etc, etc, etc isn’t the most exciting part of matched betting. However, a simple matched betting spreadsheet.
The online casinos offer a broad platform to the sports bettors, where the bets can be put on the games online. Ufakick is an online gambling service provider in Thailand. It provides a high level of financial security to the bettors and due to this, it has received attention from people around the world.
Sports Betting Record Keeping Spreadsheet Form
How to Keep Track of Sports Bets
It is very significant to keep a detailed record of your activities when you bet online in sports. In this way, you keep a healthy and updated bankroll management. This can be done in writing the records with a pen or pencil or writing these in the Microsoft document. Although it doesn’t look ideal, it’s better than not maintaining the records at all.
Sports Betting Excel Spreadsheet
Microsoft Excel spreadsheets are the best way of maintaining records in sports betting. If you have a basic knowledge of it, you can keep track of your activities. Even many websites do this task for free or charge a minimal fee. But Excel is very simple and convenient for the users.
Why It’s Necessary To Keep Records When Betting On Sports?
This strategy helps you in remaining updated in regards to your finances. It is very important to keep records if you are keen to make money with sports betting. In this way, you can think to analyses and place the wagers appropriately which are in accordance with your bankroll requirement.
This is helpful when you file the income taxes on the winnings that happen from sports betting. If record-keeping is not done, then you will not know about your performance in betting. So it becomes difficult to determine your bankroll size.
Maintaining Detailed Sports Betting Records
The bettors need to keep a record of the sports on which the bet is placed, the event, bet type and the details about each bet. This is very essential for the maintenance of a spreadsheet. You get an appropriate amount of data and it is advantageous in sports betting.
Sports Betting Record-Keeping Is the Best Way of Analyzing Your Results
The record-keeping assists the sports bettor. It promotes the growth of the same.
It is better if you record the results and do analyses for the same. A sufficient amount of data proves useful for deriving the conclusions concerning sports betting.
Conclusion
An organized spreadsheet is of extreme importance in sports betting. You can analyze your strengths and weaknesses with their help. There are several gambling websites, which produce spreadsheets. These can be used for recording the gambling results. But you can create a spreadsheet and customize it according to your needs.
Today I want to talk about keeping track of your winnings, I am going to explain why I think it is important and also dig into some tools you can use to track your bets. Including a spreadsheet template we have made just for you!
If you are here just to grab the template, here is the link.
Why it is important to keep track
So, lets start by talking about why it is important to keep track of your winnings. There are several reasons I want to highlight;
Sport Betting Spreadsheet
- You will know which bets make you long term profit.
- You will know which bookmaker is making you the most profit.
- If you manually track how much money should be in each bookmaker, you can always query with them if something doesn’t look right.
- It is easy to remember the wins, it is not so easy to remember the losses.
- You will know when it makes sense to be more conservative with your bets or more liberal.
- You will know which games or types of games consistently under perform for you.
- It offers proof of your performance over time – if nothing else this can serve as a useful tool for bragging rights!!
At its core, tracking your winnings on a spreadsheet is about doubling down on what works and cutting out what doesn’t work. This might feel like extra work and I would be lying if I said it wasn’t, but it does lead to long term improvement in how you bet.
Spreadsheets
Football Betting Spreadsheet
Hopefully I have sold you on the idea that keeping track of your winnings is a good idea, so lets talk tactics on how to do it.
I personally think a spreadsheet is the perfect tool for keeping track of these types of things. They make it simple to perform the (relatively straight forward) additions and subtractions you will need in order to keep yourself right.
As I mentioned at the start of this post, we have put together a spreadsheet template that you can use to help get up and running quickly.
What I would suggest is keeping it simple, initially at least everything should be kept very simple. Here are the columns I recommend you start with;
- Date (important for sorting your bets)
- Home Team
- Away Team
- Odds you bet on
- Stakes
- If you Won or Lost
You can build out these columns more as you perfect a system which works for you. Some examples might include;
- The sport (if you want to bet on more that football)
- The bookmakers you used
- Columns specific to other sports (for example a placed field for horse racing)
Sports Betting Record Keeping Spreadsheet Free
Other Tools
If you don’t like the idea of using a spreadsheet to track things, there are other tools you can consider.
One that I found was BetBind, this is a free service which lets you;
- Keep a eye on your bankroll – they make it easy to see your daily, monthly (or any timeframe) win/loss.
- Learn which sport book company works best for you. You can compare with others, and see what works best for them
- Find out what others bet on, see their bet history and get tips. (I love this social aspect)
- Have a complete detailed record of all your betting.
- View your customisable betting stats broken down by time and games.
What do you use?
If you have been keeping track of your winnings I would love to know what techniques or tools you use to do it, let us know in the comments.