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? 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. You can enter your data freely. The settings tab is where all your betting results will stem from. For a deposit, enter the amount normally e.
To withdraw, add the minus sign before the amount eg Check out the 5 must have players for your fantasy football team! Thank you for the help! Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Sports Betting. Withdrawals will automatically appear in red.
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. While the features are the same as the Excel file, Google Sheets has some notable benefits:. Ever wondered how you are actually doing in sports betting? 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. Bet Tracking for Advanced Sports Betting. Written By: Laura Logan. There are a few principals that make bet tracking vital: Recent Events Seem More Important Recency bias is a problem that plagues sports bettors.
How Easy Is 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. About the Author Laura Logan. Get connected with us on Social Media.
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