Study to become a pro and track your bets with a spreadsheet. - page 2.

Lucasgabd

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Quote from: Oluwa-btc on November 27, 2024, 01:08:30 PM

Quote from: Ruttoshi on November 04, 2024, 03:46:01 AM

I like the idea and it is for people who really care about making a fortune from gambling. This will be too much for me, because I gamble when I am free in my leisure time with the money that I can afford to lose.

Making a fortune out of Gambling is a no for me and I won't advise anyone close to me to think of such while going into gambling and talking about tracking your bets it's not ideal cause you end up chasing over losses, but what is best is to gamble with what you can afford to lose, especially with the lowest of your income and not on daily basis. This alone will help alot.

I think these are two separate things, tracking gives you clarity, information, it won't necessarily make you chase losses
I'd say the best is probably not gambling at all but second best is what you mentioned, managing risk

this is the thing

Oluwa-btc

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Quote from: Ruttoshi on November 04, 2024, 03:46:01 AM

I like the idea and it is for people who really care about making a fortune from gambling. This will be too much for me, because I gamble when I am free in my leisure time with the money that I can afford to lose.

Making a fortune out of Gambling is a no for me and I won't advise anyone close to me to think of such while going into gambling and talking about tracking your bets it's not ideal cause you end up chasing over losses, but what is best is to gamble with what you can afford to lose, especially with the lowest of your income and not on daily basis. This alone will help alot.

Lucasgabd

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Quote from: Finestream on November 26, 2024, 10:39:29 PM

Quote from: n0ne on November 26, 2024, 06:19:04 PM

The more money we have, the more chances we can take and make ourselves masters in it.

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

at the end of the day % of each bet and risk management will be more important than total bankroll but don't forget total bankroll matters too
mostly because if you have a really small size to make a good % gain on it without risking too much of your stack will take a long way to build up to something relevant

I'd say that there's a minimum, not share what is it

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Quote from: summonerrk on November 27, 2024, 08:30:26 AM

I have practically stopped gambling and certainly never planned to become a pro player, for example, in poker. But an Excel spreadsheet with money is a great idea, which definitely shows the seriousness of the player and his desire to control expenses. And even if it looks beautiful and impressive, but I want to say that you do not need to devote a lot of time to this, because the main thing is to do the analysis itself - in your case, studying previous meetings of teams and the state of the players. This is what will lead to good results, and the spreadsheet will help control money.

This is mostly used for sports betting, not for other types of games. In poker, maintaining a spreadsheet can be quite challenging because you’re more focused on whether you end up profitable or not after a session. In short, it’s not as complicated, so it’s fine to go without a spreadsheet.

But in sports betting, it’s a different story. You have odds, spreads, totals, and other details to consider. If you’re serious about analyzing and coming up with realistic insights, having all that data in a spreadsheet is essential.

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Having a thought to become a pro gambler is really bad, and one should not think of it. In my understanding, when one is into gambling, he should have the mentality to try his best, and if he or she feels that it isn't meant for us, then they should just move on, focusing on other things. We should not think of mastering it with the never-give-up attitude the same as that we do while chasing our dreams. It is really impossible to be a master. There are exceptions, and that has happened out of luck and not because of the continuous efforts. In some cases they've learnt the scripts and made themselves successful. Those are long back, and in the present it is impossible.

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I have practically stopped gambling and certainly never planned to become a pro player, for example, in poker. But an Excel spreadsheet with money is a great idea, which definitely shows the seriousness of the player and his desire to control expenses. And even if it looks beautiful and impressive, but I want to say that you do not need to devote a lot of time to this, because the main thing is to do the analysis itself - in your case, studying previous meetings of teams and the state of the players. This is what will lead to good results, and the spreadsheet will help control money.

Botnake

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Quote from: Fivestar4everMVP on November 27, 2024, 06:39:24 AM

Quote from: Botnake on November 27, 2024, 06:26:20 AM

Quote from: Finestream on November 26, 2024, 10:39:29 PM

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

I wouldn’t start with a big bankroll either if I’m not confident yet. Confidence is great, but it doesn’t mean much if you haven’t proven anything. That’s why having a track record matters. By "track record," I mean the spreadsheet we’re maintaining, it should show how well your strategy is working.

Once you’ve passed the test and have solid results, that’s the time to step up and gamble with real money. But, of course, it should still be an amount you can afford to lose. Better safe than sorry, right?

Well, all this are basically for those who possibly take gambling/sports betting more serious than it should be, and like I did said in my previous comment here, it's not healthy at all, specially if the gambler is just a passer by like myself.
By passerby, I means someone who is just using gambling as a means or way to have some fun and kill time after a stressful day at work.
I can't imagine myself sitting and updating a gambling spreadsheet on my laptop computer when they are more important and profitable things I should be doing on the same computer..

I guess it's the mindset that matters... why? Because if you’re really interested in challenging yourself then you can always find a way..... in fact Sports betting isn’t really as demanding as other types of gambling where you need to sit for hours, so if you know how to manage your time, you can get everything done in just an hour a day. That includes analyzing games, recording your bets, and updating your spreadsheet. Personally, I spend a lot of time on the forum, so keeping up with my spreadsheet isn’t a problem, especially now that I’m also self-employed.

Quote from: Fivestar4everMVP on November 27, 2024, 06:39:24 AM

So, the issue of keeping a betting spreadsheet, bankroll management and all that, simply goes to the professional gamblers, that is those who have choosen gambling and sports betting as a profession.

Not really, you just have to think like a professional gambler, and you are good to go.

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Quote from: Botnake on November 27, 2024, 06:26:20 AM

Quote from: Finestream on November 26, 2024, 10:39:29 PM

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

I wouldn’t start with a big bankroll either if I’m not confident yet. Confidence is great, but it doesn’t mean much if you haven’t proven anything. That’s why having a track record matters. By "track record," I mean the spreadsheet we’re maintaining, it should show how well your strategy is working.

Once you’ve passed the test and have solid results, that’s the time to step up and gamble with real money. But, of course, it should still be an amount you can afford to lose. Better safe than sorry, right?

The number of people who place bets does not guarantee that all use a strategy, there are people who bet just for entertainment and luck is on their side making them win then withdraw the profit and enjoy it, In addition, there are also those who rely on the strategy they have by gambling to try the strategy they have is accurate or not, it's just that in my opinion any strategy is unlikely to be able to produce a win.

I agree with you, having a strategy or not, we still have to bet with money that we can afford or can afford to lose, As you said it is better to be safe than sorry this is the same as preventing than curing. Therefore we must be able to consider everything before taking action to be taken.

Fivestar4everMVP

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Quote from: Botnake on November 27, 2024, 06:26:20 AM

Quote from: Finestream on November 26, 2024, 10:39:29 PM

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

I wouldn’t start with a big bankroll either if I’m not confident yet. Confidence is great, but it doesn’t mean much if you haven’t proven anything. That’s why having a track record matters. By "track record," I mean the spreadsheet we’re maintaining, it should show how well your strategy is working.

Once you’ve passed the test and have solid results, that’s the time to step up and gamble with real money. But, of course, it should still be an amount you can afford to lose. Better safe than sorry, right?

Well, all this are basically for those who possibly take gambling/sports betting more serious than it should be, and like I did said in my previous comment here, it's not healthy at all, specially if the gambler is just a passer by like myself.
By passerby, I means someone who is just using gambling as a means or way to have some fun and kill time after a stressful day at work.
I can't imagine myself sitting and updating a gambling spreadsheet on my laptop computer when they are more important and profitable things I should be doing on the same computer..

So, the issue of keeping a betting spreadsheet, bankroll management and all that, simply goes to the professional gamblers, that is those who have choosen gambling and sports betting as a profession.

Botnake

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Quote from: Finestream on November 26, 2024, 10:39:29 PM

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

I wouldn’t start with a big bankroll either if I’m not confident yet. Confidence is great, but it doesn’t mean much if you haven’t proven anything. That’s why having a track record matters. By "track record," I mean the spreadsheet we’re maintaining, it should show how well your strategy is working.

Once you’ve passed the test and have solid results, that’s the time to step up and gamble with real money. But, of course, it should still be an amount you can afford to lose. Better safe than sorry, right?

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Quote from: Finestream on November 26, 2024, 10:39:29 PM

Quote from: n0ne on November 26, 2024, 06:19:04 PM

The more money we have, the more chances we can take and make ourselves masters in it.

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

Well, he might be right, but it’s not a good practice for beginners. This approach should only be taken when we’ve gained enough assurance—when we already have the knowledge and skills to back it up.

Yes, keeping a record of our progress helps us make better decisions, like knowing when to add more capital or stick with smaller amounts. But most importantly, self-control is key. Even if we think we’re experienced enough, this is still a form of gambling. We can’t chase wins, or we’ll only be putting ourselves at greater risk.

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Quote from: Pandu Geddon on November 04, 2024, 04:39:01 AM

Quote from: Botnake on November 04, 2024, 03:37:31 AM

So, sports bettors, has it ever crossed your mind to keep a spreadsheet?

To be honest I don't think my god is really serious about it. I will just look at my betting statistics and I won't make a book like that.
but it looks interesting and maybe fun for gamblers who do it. but wouldn't it take time and also be consistent continuously which might make me bored.
maybe I will choose to just bet and forget about everything. if not maybe I will be really stressed with all my bets.

The idea of making a spreadsheet just to track one's gambling record is really very stressful and exhausting especially for a gambler who loses most of the time because how can they deal with the feelings of numerous losses and still continue to keep track records for their gambling activities in a spreadsheet. It may be fun for someone who records winnings in most cases but for someone who doesn't win often, it will make no sense because it will get to a time when they will no longer be interested to continue with the spreadsheet update. It's just better to stick to one's bankroll and make sure you don't exceed. If you win or losses, you just see it as fun and not something to be too serious about to the extent of making a spreadsheet for it. That's too extreme in my own opinion and it makes one even give gambling activities more of your time than you should.

Finestream

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Quote from: n0ne on November 26, 2024, 06:19:04 PM

The more money we have, the more chances we can take and make ourselves masters in it.

I don’t think having a huge bankroll is the main requirement for successful sports betting. This spreadsheet is more about tracking your performance, so even with smaller stakes, you can still see how effective your strategy is. If you focus on solid bankroll management, you can allocate a certain percentage of your bankroll per bet, maybe let’s say $1 per stake. By the end of the season, if you’re hitting a solid 55% win rate, that should give you the confidence to step up with a bigger bankroll.

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Quote from: Strongkored on November 26, 2024, 05:50:00 PM

Quote from: Botnake on November 04, 2024, 03:37:31 AM

So, sports bettors, has it ever crossed your mind to keep a spreadsheet?

Never thought at all to make a spreadsheet like this for my bets, but it's definitely a good thing to do so we can know for sure how much our ability is in predicting even if the type of sport column is added it can also be an evaluation of which sport gives more wins because that means we are better at analyzing that sport.
But I doubt many bettors will do this because it takes discipline and maybe winning or losing can change the mood to be able to record all our bets.

.Not everyone shows interest in keeping the data secure and going through it and learning where they've lost the money. When we have a sheet with complete data of our gambling activities, we can keep this as a reference and choose the bets in upcoming matches. This also corrects us and gives a better learning experience. Being a pro in gambling is really hard, because to reach such a stage in gambling doesn't happen through our data collection of collective information we have with us. It all happens through the money we've got. The more money we have, the more chances we can take and make ourselves masters in it.

Strongkored

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Quote from: Botnake on November 04, 2024, 03:37:31 AM

So, sports bettors, has it ever crossed your mind to keep a spreadsheet?

Never thought at all to make a spreadsheet like this for my bets, but it's definitely a good thing to do so we can know for sure how much our ability is in predicting even if the type of sport column is added it can also be an evaluation of which sport gives more wins because that means we are better at analyzing that sport.
But I doubt many bettors will do this because it takes discipline and maybe winning or losing can change the mood to be able to record all our bets.

Lucasgabd

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Quote from: JoyMarsha on November 23, 2024, 03:55:22 AM

Keeping records of your gambling activities can be good to an extent, but how many of us can stick to that for long without being forgetful or lazy about entering the records of how our gambling betting went? There are things to consider doing in gambling; this is the least of it someone would ever think of doing. I can imagine myself creating a separate spreadsheet on my laptop for my gambling activities, whereby I know what to do weekly, to bring 3% of my weekly income to gamble. Is that what I should think of having a spreadsheet created of it? That doesn't make any sense to me

yes, if you want to do it you should be really obsessed about winning and about methods. having a rational mind helps a lot here
tracking precisely is not hard but it's a thing that needs consistency and most people will fall exactly at this point.
3% of income to gambling would be probably the max risk anyone should take... unless they have a lot of disposable income

why it doesn't make sense to you?

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Quote from: Slow death on November 26, 2024, 01:39:14 PM

Quote from: Botnake on November 24, 2024, 12:01:45 AM

Quote from: alastantiger on November 23, 2024, 04:24:13 PM

When we start involving spreadsheets and keep tracks, we're making gambling to be more than for entertainment and now for serious purposes as we hope to start making money from it. We don't need to become a pro in gambling, all we need is to play without depending on it for making money.

That’s mostly gamblers thought,gambling isn't for money making, but isn’t it exciting to push ourselves and see what we’re capable of? If you believe that some people actually make a living from sports betting, then it’s proof that it’s possible. Why not try our own approach and see if it works?

Gambling becomes even more fun when there’s a challenge involved. If we’re just here for the fun and already accept that we’ll lose in the long run, then it’s better not to do it regularly, because let’s face it, that’s a fast track to going broke. Testing strategies and pushing limits can make it a lot more interesting and maybe even profitable.

I agree with you, I also see gambling as just fun, but when I'm analyzing the games I intend to bet on, I analyze them very carefully and seriously because I don't want to lose money and when I lose a bet, I don't chase my legs, I try to see where in the analysis I went wrong so I can correct it in the next game, I always see sports betting as a challenge in which when I win I celebrate and when I lose I strive to improve. At the end of the day, gambling is a challenge in which we are tested and we have to be better than the house to win. Of course, only sports betting and card games are what I see as challenges, slot games and others that depend only on luck, I don't consider them as challenges, I see them as simple entertainment.

Tons of times or instances on which you have thought that your bet was really just that perfectly fine not until on the moment that you do find yourself having those losing bets and do able to make up some questions on why it did happen. As for making up some tracks on using up some spreadsheets then this is something that being hassle for me. Its not really that bad to track up your betting but
everything is really just that basing up on having some fun on the moment i do make up some betting and not really thinking up that much about on how much i do spend as long im on the limit line
then it would really be just that fine. The thing on here is that you shouldnt really be that chasing up your loses so that it wont really be that giving out that kind of disaster.

Slow death

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Quote from: Botnake on November 24, 2024, 12:01:45 AM

Quote from: alastantiger on November 23, 2024, 04:24:13 PM

When we start involving spreadsheets and keep tracks, we're making gambling to be more than for entertainment and now for serious purposes as we hope to start making money from it. We don't need to become a pro in gambling, all we need is to play without depending on it for making money.

That’s mostly gamblers thought,gambling isn't for money making, but isn’t it exciting to push ourselves and see what we’re capable of? If you believe that some people actually make a living from sports betting, then it’s proof that it’s possible. Why not try our own approach and see if it works?

Gambling becomes even more fun when there’s a challenge involved. If we’re just here for the fun and already accept that we’ll lose in the long run, then it’s better not to do it regularly, because let’s face it, that’s a fast track to going broke. Testing strategies and pushing limits can make it a lot more interesting and maybe even profitable.

I agree with you, I also see gambling as just fun, but when I'm analyzing the games I intend to bet on, I analyze them very carefully and seriously because I don't want to lose money and when I lose a bet, I don't chase my legs, I try to see where in the analysis I went wrong so I can correct it in the next game, I always see sports betting as a challenge in which when I win I celebrate and when I lose I strive to improve. At the end of the day, gambling is a challenge in which we are tested and we have to be better than the house to win. Of course, only sports betting and card games are what I see as challenges, slot games and others that depend only on luck, I don't consider them as challenges, I see them as simple entertainment.

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Quote from: Coin_trader on November 26, 2024, 05:41:07 AM

I don’t find what you mention is true about casino controlling the sports. They don’t have any influence on the outcome the match so they don’t control.

These are just rumors, like conspiracy theories. You know, it’s normal for some people to think they’re being cheated when they lose.

And you know what, I even know some sports bettors who keep complaining about games being rigged but are still gambling to this day. What do you call that?

Quote from: Coin_trader on November 26, 2024, 05:41:07 AM

On the other hand, They are just exploiting the players greediness on high odds that why are always winning since player preferred high odds with high risk compared to low odd with low risk because they are looking to the payout amount.

People thinking has the problem and not the casino since they are biting the bait of high odds while the high probability of winning bets is always overshadowed due to greediness.

For me, I don’t call that greediness. Odds exist for a reason, and high odds mean lower chances. In fact, I’ve seen losing bets with odds as low as 1.01. In the bettor’s mind, it’s already a "sure win," so they’ll wager a significant amount since the profit is only 1%. But then the bet loses. I think that’s the perfect example of greediness.

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Quote from: Botnake on November 04, 2024, 03:37:31 AM

This might be new for some who just gamble without a real bankroll, but for those who are serious about sports betting, consider this: data is crucial for tracking your journey. According to a site I found that also shows a good format for spreadsheet tracking, here are the benefits of keeping tabs on your bets.

https://www.vaultsportshq.com/post/how-to-track-your-sports-bets

Quote

What are the benefits of tracking your bets?

1. 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.

2. 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.

3. Spot any favoritism or biases you have. I spoke with a semi-pro bettor named William after the 2020-21 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.

4. 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

So, sports bettors, has it ever crossed your mind to keep a spreadsheet?

Well, good advice really, but only for serious bettors, not for seasonal bettors like myself who can sometimes go for several months without placing a single bet on any sports game or match.

I am not against keeping such record as I and everyone else can already see that the benefits are listed there which actually includes more, but honestly speaking, it's important that we understand that there are disadvantages too, and one of such is that keeping such data may or can trigger the urge to place bets consistently so as to consistently update the spreadsheet, this may likely not be healthy for those who should have no business placing constant bets, far worst this can lead to addiction even without the victim knowing it..

Just my personal thought though.

Topic: Study to become a pro and track your bets with a spreadsheet. - page 2. (Read 1850 times)