Try The Action Network Sports Betting Tracker. It's a free app. Very easy to use and if you want you can pay for a premium account with added features. The sports bet tracker is an innovative way to manage your bets and chart your successes and failures. By combining statistical analysis and. Need to easily track your performance on sports bets? Use this free Excel spreadsheet to track and analyze your performance. WHO HAS THE BEST ODDS OF WINNING THE NBA CHAMPIONSHIP
You can find what bet types you excel at. By tracking your bets, and grouping the data by bet type spreads, totals, moneylines, props, parlays, teasers you can quickly find out what types profit you the most, and which ones cause you to lose your bankroll to the books. Learn what leagues you profit from the most.
This is a big one, and although you probably have a good idea of what leagues you're best at, grouping your bet data by league can greatly improve your chances of figuring out exactly what is causing those wins on your NFL bets, and causing those big losses for NHL bets, for example.
Spot any favoritism or biases you have. I spoke with a semi-pro bettor named William after the NBA season. Will told me that after the season, he broke all his tracked bet data down by team and compared it to the research he had done before he placed each bet. He realized that there were at least 15 times he lost a bet where his research had pointed him to bet on one team, but his favoritism caused him to bet on the opposite team!
Crazy right? Think of all the biases that could be keeping you from making the right decisions. The ability to follow your money. By this I mean knowing where your money is going, where you are putting the most in, where you are losing the most, and what areas you are profiting the most This is just a snapshot of the benefits of tracking your sports bets.
Now, the obvious actions remain which are doubling down on areas where you excel, reassessing your strategy on areas you are losing the most, and avoiding giving into any biases you have when your research points you in one direction!! What's a GOOD way to track my sports bets? Spreadsheets For those that are looking to dive headfirst into tracking their bets, there are a number of Excel and Google Sheet templates to save you the upfront time of creating one yourself.
Some examples include Sportsbook Scout's bet tracking spreadsheet , this one from aussportsbetting. These templates look pretty scary at first but start by only filling out the basic information as you place each bet, and when you become more accustomed to it, start adding the more complex data. The more information you can track the better because the more insights you'll be able to draw!
Another option could be to create your own template. For starters, the major items you'll need are the game date, teams playing, bet type, amount you wagered, odds, and result. Again, if you need help with these formulas, just check out the manual spreadsheet we created here and copy them over to your own spreadsheet. Overall, the spreadsheet method can be very tedious and time-consuming, especially if you are betting a lot on your phone and need to switch to your computer to access the sheet.
Manual Tracking Apps A less tedious method for tracking your sports bets is iPhone or Android bet tracking apps. How to use the sports bet tracker Settings This Excel file is made of 6 layers. To move between the sheets, click on the bottom tab of the table.
The green tabs are used to enter your data. The blues ones are where you generate information and statistics. You can enter the data of your choice. However, be careful to respect the data format of each box. These examples are here to show you how to enter a bet or designate him as the winner. You will need to remove the existing results so that your subsequent results are fair. Note: this betting management file is unprotected. You can enter your data freely.
The settings function is the heart of the whole sports bet tracker. Here you can compile a list of their most-used betting companies, which types of sports they wager on and also the types of bets they make.
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This template makes it easy for you to simply enter in the date, teams playing, wager amount odds, and bet type, and the spreadsheet will fill out the rest. This means staying consistent with your wager size to keep yourself from large losses. It also means staying consistent with leagues you follow more closely. That means late-night Russian ping pong betting may not be the best move surprise! Whatever it is, use this information to capitalize and win more!
You can benefit from their competition by finding what sportsbooks give you the best odds, and consequently which ones provide you the best ROI. Although it takes a lot of time and can be a hassle, the value it provides to help you improve is priceless. Is there an easier way to track your sports bets? It takes discipline and a decent amount of time each week to track your bets manually. Vault is an app that makes tracking your bets easy. 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. How to analyze performance 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. Again, the cells available to modify are in yellow. The spreadsheet tracks the following key metrics: Closing Line Value 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. Profit Profit is about as simple as it gets. Are you making or losing money? Still, you will obviously want to see how much money you have made or lost. ROI 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.
Risk This one is simple, yet will likely give you insights into where you are putting your money. 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 Bankroll will track our running total of how much money you have in your accounts across all sportsbooks.