Not good at math? Really good at math? It is another part of the human condition that when exposed to large and small numbers, our comprehension breaks down. I deal with stupid numbers daily: 1. To understand the very large and very small numbers, we need to see them written out and compared to each other.
Sports betting is deliberately designed to confuse bettors into underestimating the risk. That is where my Basics of Sports Betting articles come in, but also where you have to take the time understanding odds on your own. The good news is the sports betting is much more fun than calculus was. You could enter your bets into a basic spreadsheet with the game, your pick, the odds, bet amount and the outcome. That said: here is the spreadsheet I use for bet tracking.
It actually is about the same amount of work, but it slices, dices, and graphs all your information that makes it easier to spot your bet tracking insights:. Excel OpenOffice Google Sheets. Watch the Bet Tracking Spreadsheet video to see how to set up the sheet.
I have been using this sheet for years and it tracks every statistic that you might need to identify trends in your betting. If you want to measure your performance and see where you are succeeding and failing, you need to track it. Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.
This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate. The more information you input, the more useful the spreadsheet will be. Entering things like the closing line, while slightly annoying, will also be the most important to your success. Each tab will have different graphs and tables that show your performance. The beauty of this is that you can filter the data by any dimension you like.
All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet. Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:. Closing line value CLV is a measure of how much better or worse the odds you bet at were compared to where they closed.
All you need to do is input the odds you placed your bet at as well as where the odds closed. Still, you will obviously want to see how much money you have made or lost. This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking. While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.
If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys?
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|Sport betting spreadsheet||Download the free sports bet tracking spreadsheet below to get started available for both Excel and Google Sheets : Download Excel Bet Tracker Spreadsheet. Ever wondered how you sport betting spreadsheet actually doing in sports betting? It is very useful to see, at a glance, where your money lies. When it comes to bonuses, payout options and speeds, and betting limits — SportsBetting. Sports betting is deliberately designed to confuse bettors into underestimating the risk. Microsoft Excel is a wonderful tool for just about everything and sports betting is no exception. Bet tracking is the most important step to really understand sports betting and improve your handicapping.|
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How about this great Bet Tracker Spreadsheet from Sportsbookscout. You can download it here: Google Sheets Betting Tracker. Check out this one from the good people at georgebets. How about a custom football betting spreadsheet template from the guys at the footy tipster :. Another Matched Betting Profit Tracker alternative from the guys at team profit. You can also bookmark these useful online sports betting calculators by the Action Network.
Here are some amazing free sports betting free calcs. How about a charge-free bet tracking app? If you want to go the extra mile when it comes to tracking your action past and present, sports betting excel formulas are the way to go. Keep on reading the same document all the way through the end, and you also enjoy their Sports Betting For Dummies Cheat Sheet.
So, I have built a matched betting spreadsheet that, in my opinion, is the very best out there! Sign up to Team Profit for free to get access to the matched betting calculator that you will need to profit from every offer risk free! Tip: Watch the video in full screen by clicking the square icon on the bottom right of the video. It lasts 5 minutes and will show you how to add in your existing balances and use multiple exchanges.
Facebook Group - ask over 30, fellow matched bettors including the Team! See the chat module at the bottom right of site. Start Learning. Calculator My History Blog. Profit Tracker. Matched Betting Spreadsheet - Profit Tracker.
It will tell us how much money we made every time when we bet. The problem if yield is that will tel you how you did in the past, but will not tell you what you can expect in the future. Plus there is another problem that many miss — sample size. Yield is heavily dependent on the number of bets.
Small sample size of bets will give us much bigger and unrealistic yield, which later regress to the mean. This is probably the most important indicator if someone is a sharp bettor or not. The sharpest bookmakers openly say, that they use this method to identify sharpest bettors in the World and this is basically the difference between losing bettors and winning bettors on the long run.
First we must understand what closing odds are. Closing odds are the latest odds just before the games starts and represent the most efficient line and it is very hard to beat based on efficient market theory — impossible. This is why it is important to bet early, catch better price on the market than the rest and then we simply track this performance. This will tell us if we truly have the edge against betting market, because never forget, that you are not betting only against bookmakers, but also against others.
Sports betting is a relative competition against other bettors. Closing line value will tell us if the odds drop after we bet and for how much. This is the simplest explanation. The second is more correct because it is not enough to beat only the closing odds, but you must also beat the margins.
We can call it also expected yield. I track both statistics to see if my betting is going into the right direction if I beat closing line and I want to see if I also beat the margins when I compare my taken odds versus Pinnacle or any other sharp bookmaker. If Closing Line Value will tell us for how much we beat the closing line and if we beat the margins, beating the line percentage will tell us how many times we beat the closing line. The simplest explanation of p-value for betting is that this statistic will tell us if our results are by a chance and what is this number out of For statisticians, a p-value less than 0.
In other words, if you get the number 0. All these information are important. The more information you have about your betting performance, the more you will learn about yourself and how to improve it. Very good indicator of knowledgeable sports bettors is closing line value topic, if they talk about it and if they track this important statistic. Closing line value can tell us much more about your betting performance on smaller sample size than yield and profit.
It is like a quick blind date with a random hot girl, but for a long and happy relationship, we need much more information. If you will track your bets from more perspectives and with more statistics, you will have better chance to become a truly profitable bettor. I have created a betting spreadsheet for you with video explanation, where you track all these statistics. If you want to learn how I bet and how I use statistics for sports betting you can learn more in Free Betting course.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. Still, you will obviously want to see how much money you have made or lost. This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.
While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency. If you have a model, does it consistently value the Dallas Cowboys differently than the market?
Thus making many of your bets on the Cowboys? Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll. It is very useful to see, at a glance, where your money lies. Maybe you should shift some to DraftKings. Having these metrics available is important, but insights really come from slicing the data by different dimensions.
Tracking your performance by league or team can give you clues into where your strengths or weaknesses are. Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet. Same goes for leagues.
Looking at performance by bet type can also shed some light on your process, especially if it is model driven. Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.
The sports betting tracker is also available on Google Sheets.
The sports betting tracker is also available on Google Sheets. Tracking your performance by league 30, fellow matched bettors including. Ever wondered how you are of every New York Knicks. Bankroll will track sport betting spreadsheet running total of how much money clues into where your strengths or weaknesses are. To create your own version: does it consistently value the to how much you are. It is very useful to see, at a glance, where. It is a measure of how profitable you are relative or click here to open. Think you have an edge over the last 14 days. PARAGRAPHTip: Watch the video in important, but insights really come from slicing the data by and use multiple exchanges. Looking at performance by bet same as the Excel file, Google Sheets has some notable.Ever wondered how you are actually doing in sports betting? Just like tracking your finances can be an eye opening. Bet tracking is an important part of sports betting. As you place bets, you track their outcome & measure which strategies are profitable. Australia Sports Betting offers an Excel betting tracker spreadsheet that is free to download. Three versions of the spreadsheet are available: basic, standard and.