Betting Spreadsheet Templates- Best Way To Track Your Bets
Tracking your bets using a Betting Spreadsheet Template is one of the most vital aspects to help you in becoming a successful bettor. In order to improve your betting strategies and performance, you must know how to track your bets accordingly and accurately. Making money with sports betting is not only impacted by predicting the result of the future game, but also by precisely reading statistics and analyzing your historical betting performance. Use your past bets as a basis and advantage by keeping track of it. Bet tracking will surely be a great help for you to find out which best makes the most money for you.
If you actively do a lot of sports betting (across multiple bookmakers), you always run the risk of losing track of your betting performance. Yes, you may still know how much money you have made (or lost) in general. But what about having a more detailed analysis of your bets?
For instance, if you always ask yourself whether your performance has changed over the past few days, or which sports are giving you more profit. If you don't have an answer for those questions, then definitely you will highly benefit from having a more sophisticated betting spreadsheet template. Though having a tracker may take time and study, this can be a great help for you to automatically analyze your betting performance and can turn out to be very fruitful. What are you waiting for? Analyze your performance bets in detail, look for bets where you might have that edge, and make more money out of it.
Tracking your bets and finding your bottom line is only half the story. Tracking your bets is useful because you can look back at the data you've saved and analyze it until you know what's working and what's not. Remember that the ultimate game of betting is to make a profit over time. This is not a Get Rich Quick scheme.
Tracking your bets also allows you to break the habit of making random bets without thinking twice. If you're honest enough to yourself and are careful to keep track of all your bets, throw away your money on stupid things like Nathan's hot dog eating contest or a random Japanese baseball game at midnight. Looking at the data to see how much money you've wasted on an event you don't know, looks silly and makes you angry that you've wasted money unintentionally. Tracking your bets keeps you honest, and it's important if you're serious about being a good bettor.
There are quite a few examples of betting spreadsheet templates. Ultimately, it will depend on how much you want the spreadsheet to help you with your bets. Some templates are more sophisticated with matched betting calculators, free bet offers, automatic graphs whilst others focus on the core which is it only tracks your bets and balances. We’ve provided the most popular betting spreadsheets below. As much as bet trackers are important, having trusted online betting websites are important too. Visit this page for more details about trustworthy betting websites.
This template allows you to:
- Automatically track your bet profits and balances for both bookmakers and exchange
- Helps you to calculate your lay bet with a built-in matched betting calculator
- View your monthly profits by using a graph to easily visualize it
- Includes 25+ links for welcome offers to get you started
The customized betting table calculates the lay stake required for the exchange, the liability required to cover the stake, and the profit (or loss) of the bet. Incorporating this into your spreadsheet saves you time and effort by eliminating the constant need to rely on another betting calculator. After the bet is confirmed, enter "Y" (yes) or "N" (no) next to the bet on the table to automatically update the current total depending on whether the bet was won or lost. This sheet will also help you keep track of the bookmakers you "gubbed". When using matched betting for the first time, this is a term used to describe when a bookmaker excludes an account from future promotions (free bets) and / or restricts the account.
This betting tool spreadsheet is done using an Excel spreadsheet. This is pretty basic, but it helps track wins and is pre-populated with popular bookmaker sites such as Ladbrokes and William Hill. If you like the simple ones for tracking matching betting prizes without all the bells and whistles, this may be worth considering. However, in most cases it is advisable to use a more detailed spreadsheet.
Betdiary offers so many features that it could be the best betting tracker you can find online. The first reason Betdiary is so much appreciated is its user interface. They have a dashboard that gives you the most relevant information about your betting statistics, such as Current day, week, month, year, and total statistics. In addition, you'll see a graph showing your monthly results compared to last month's results, along with your ROI, sales, number of bets, and hit rate.
Betstamp is one of the best bet trackers. Here you can bet on the UFC, tennis, baseball, basketball, American football and soon all the major European football leagues will be added. You can also compare the odds of many bookmakers to find the best price on the market. The interface is very similar to Trademate Sports software. All relevant tabs (such as bookmaker and sports betting statistics) are on the left and all major leagues that can be tracked are on the top right. And the best thing about Betstamp is to track the value of the closing line.
Bet tracking is one of the vitally important aspects for you to be a successful bettor. One of the main reasons for this is that statistics don’t lie and will give you a clear-cut picture of what is really happening with your bets. Moreover, the betting spreadsheet templates allows you to analyze your bets/data and that will help you remove bad betting practices, improve on your strategies and create completely new strategies. We hope that this article helps you so you can make your betting journey a little bit easier and more successful.