Betting Records: The importance of recording your bets
Whether you are a professional gambler or a small time punter with only a few bets a week, it is certainly worth keeping a betting records of all the winning and losing bets you make. You may ask, what is the point, I can see how much money I have by looking at my bookmaker accounts? Well, these days it is very easy for a novice gambler to lose track of the actual profit/loss they have made over a longer period of time. Bonuses, free bets and bookies with poor account history (showing placed bets in a limited time frame, Bet365 as an example) can easily confuse players that they are on a “positive zero“, but in reality, they are losing more than they think.
What data should I keep in my betting records?
Dates: The date of the match or the day you placed the bet.
Sport: Soccer, basketball, tennis,…
Match Data: Teams or players(Tennis, darts,…) involved in a match
Selection: Team/Player you bet on, what type of bet
Stake: The amount of money you placed on a selection
Odds and Bookmakers: example: 2.10 Pinnacle
Won/Lost: Is prediction successful?
Tipsters/Systems/Sources: If you follow more than one tipster or system, this can be useful to find out who is worth following or who to drop from your portfolio
Those are the basics that every spreadsheet or tracking program should include. If you are using Excel or Open Office spreadsheets you can customize the records in any way you want and add far more features to analyze your betting.
Recommended spreadsheets and tools for betting records
If you are comfortable dealing with spreadsheets, AusSportBetting has made an amazing tracker available for Microsoft Excel, Open Office and Google Sheets. It provides more than enough functions, including bankroll management, tipster tracking, deposits, and withdrawals tab, customs filters,… Tracker is available in three versions, one is perfect for a casual bettor, the other two are more advance and therefore suitable for more demanding bettors. You can check it out here.
Bettin.gs is another tracker I highly recommend. It is an online based solution, so all your data is stored online. The app is nicely designed, easy to understand and has a lot of useful features. Compared to the spreadsheet provided by ASB, it is more user-friendly and it comes with more useful graphs and charts. We have been using it to track our bets and we highly recommend it.
Winafy.com is an online based solution, that has an option to sync with your betting accounts. Currently, they have support for a lot of bookies, including Pinnacle, 5Dimes, William Hill and more. Another great feature they offer is DFS tracking. The app can syncs with Fanduel and DraftKings, giving you instant stats for all of your contests.
StakeToys.com‘s functionality is similar to the ASB’s spreadsheet but without the need to deal with the spreadsheets. They offer a few extra tools, such as betting diary, ability to import your bets directly from Betfair, objectives management and much more. StakeToys costs only $2.90 per month if you subscribe for the annual plan.
There are far more trackers available on the web, but in my opinion, the ones listed above are the best ones. And remember to be patient, you can’s expect to see intimidate results with small sample size, but analyzing your bets can be very effective in the long run. And professional betting should be all about the long run!
If you find this tutorial useful, then you should check out some of our other tutorials.