It's depressing and feels like someone is rubbing it in. Most casual bettors track their performance based on their bank account. If it's higher than yesterday, or last week, or last month, that's a good thing because it means they are winning most of their bets. If it's lower, that's a bad thing because it means they're losing. But there is so much more that goes into betting than just wins and losses.
If you brush aside a win or a loss without analyzing the context behind it, you are forfeiting a crucial opportunity to get better. By keeping a running record of all of your bets, you can not only keep a closer eye on your performance, but more importantly you can learn about who you are as a bettor. If you're computer savvy, file every bet you make on an excel sheet or spread sheet. If you're more old school, keep a notebook. There are also countless bet tracking apps that bettors can use on their smart phone.
The methodology doesn't matter. The only requirement is that you document every bet you make. By documenting your bets, you can learn your strengths and weaknesses as a bettor. This is critically important because it will open your eyes to what aspects of betting you are doing well at and other aspects you're struggling with.
By knowing your strengths, you can focus on them and lean on them. By knowing your weaknesses, you can learn exactly where you blind spots are and work harder on them to improve. For example, maybe after documenting your plays for a few months you find out you are doing great betting on underdogs or road teams, but doing poorly with home teams and favorites.
Or maybe you are doing much better with overs instead of unders. Maybe you are dead even overall in terms of wins and losses. But a closer look at your documented plays shows that you did well in the NFL, particularly when it comes to NFL unders. You knew you were hitting a lot of unders, but then you realize it was closer to 60 percent! Or maybe you did decent in college football, but terrible in the NBA.
Or maybe, the NBA wasn't actually that bad. You broke even with your spread bets but the totals were your downfall. Or maybe you did great with NHL moneyline favorites, but never knew it until after analyzing your spreadsheet. This information is power. In turn, maybe you would want to limit your NBA totals because that's your biggest struggle.
Reassess your thought process and find out why you're doing so poorly. The information on betting. Values quoted on the site hold no real or implied value. Enjoy automated bet tracker, analytics and bankroll management tools The best in class sports betting portfolio management tool available on all devices.
Track your bets with an easy to use bet tracker. Track all bet types - exchange trades, each way, singles, multiples, arbitrage, In-play, lay, free bets and more. Our bet tracker auto settles the bets and track the starting price odds. Keep track of your bookmaker, tipster and transaction commissions on the go with our mobile friendly bet tracker.
Sign up for Free. Advanced analytics to see your performance. Powerful analytics that allows you to improve your future performance based on your historical data. Identify which sports leagues, bet types, strategies or tipsters are most profitable.
Use our staking plan simulator and see how your results would change if you adjust your money management.
Analyze your results with the help of various reports generated specially for you. Discover the patterns that will help improve your betting results. We created a lot of useful tools to help you become a better punter and earn more money from your betting activities. Main features are: sophisticated bankroll management, bet diary, automatic insights about your betting behavior, bunch of reports showcasing your strengths and weaknesses.
All these feature can be reached by only having Internet access. Have a look at some of the features of Stake Toys and the advantages of our services over Excel spreadsheets that are being used for keeping bet history. Choose one of the plans below to get full access to Stake Toys. You can also have access to basic features for free for as long as you want. I began to see more clearly mistakes I committed in my bets, and now I can avoid them more easily.
The Stake Toys has helped a lot at this point, making me analyze my previous results on betting. They are to be congratulated!!! The system is helping me to find out which competitions and markets are more lucrative for me. How it works? Track your bets You can save all types of bets that you are placing, and also monitor your deposits and withdrawals with the help of our tool.
Analyse your results Analyze your results with the help of various reports generated specially for you. Even the most talented sports bettors have fallen victim to mismanagement of their bankrolls. In this article, we once again talk about the importance of keeping a detailed track of your wins and losses while betting on sports online to have healthy bankroll management. Most bettors begin their careers placing a number of -EV wagers and have little to no concept of value.
Sadly, and luckily, for the sportsbooks, the vast majority of people who bet never make it to a point where they genuinely want to improve their win rate or expand their sports betting knowledge. Most people have no idea how to find value in betting markets, so bankroll management and record keeping is far from a priority.
It can be as simple as writing them down in a Microsoft Word document or even the old-fashioned way, with pen and paper. Microsoft Excel is a wonderful tool for just about everything and sports betting is no exception. With a little Excel knowledge, recording your bets and keeping track of your wins and losses is as easy as entering your wagers each day.
There are many websites that will track your bets for free or for a small fee. We prefer Excel because it can be as easy as you want, but can also be complex or more detailed depending on your preference. Look, we understand more than most that there is a big element of fun to sports betting.
It also is a big help and perhaps a legal requirement when you file your U.
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