Topic: Study to become a pro and track your bets with a spreadsheet. - page 4. (Read 904 times)

Recording your monthly expenses in a spreadsheet may be good especially for financial management so that it can be better known but for gambling I don't do any records, because in the principle of gambling is betting by being ready to lose means you have to be fully responsible.

Why not record gambling this is not a job, this is not to make money so there is no need for any records to see for me it is not necessary.
We know gambling for fun is the same as throwing money at gambling.

I've thought about saving it to a spreadsheet but it hasn't been realized yet... There is still a sense of laziness to do it but I want to try it.

Suppose I want to bet on the favorite team in singles and record all bets in the spreadsheet for 1 season I want to know how the profit is obtained... I mean more lose or win just want to know that.

I don't know... when this will start, I honestly want to try this method.

This has never, ever crossed my mind and now that you have posted about it here, i still would never do it. This might be a good idea for people who invest a lot of time into gambling, or those who believe in superstition or a pattern in gambling, i don't. IMO, luck plays a larger part if you are to successfully win in gambling, so there would be no need of me creating this table, i'd do the best i can in putting my games together with what i have in my head.

Most people placing bets know deep down that they are losing money consistently over time, the bookmakers simply aren't interested in allowing people who are consistent winners and if you an account ever turns profitable for a customer across many bets, then they are likely to "gub" it or make it so you can only place tiny bets in future. What you're most likely to see, after you construct that seemingly elaborate spreadsheet setup is that you are red across the board long term or would be lucky to approach break even. If you are placing sport bets, just enjoy watching the game with a bit more of a buzz and avoid thinking you can beat the bookmakers who specialize and put a lot of resources into accurately picking the odds.

I think this best applies to those who are a serious sports bettors who doesn't want to miss a single detail and always be on track. However, for the majority of the sports bettors including me, we don't bother doing these stuff, considering that we've got a lot of work to do in a daily basis and so we are just enjoying the sport that we love the most while adding thrill to the game by placing bets.
This is not a bad idea though, especially for someone who's really into sports betting analysis. They could use this for monetization purposes over the internet using different kind of social media platform.

This is great advice for newcomers who are passionate about sports betting and want to become pros. A spreadsheet might seem boring at first, but that data will be valuable later. I think it will help you identify where you excel and where you need to rein in your bets. Personally, using this might seem tedious for me since I’m not that serious about it. I don’t have a real bankroll because I only play when I feel like it and, of course, just for fun.

In my case, I bet on sports just for fun. Of course, I try very hard to get most of the bets I make right. But I don't like to keep track of my profits and losses, and I only bet on specific leagues. I avoid betting on leagues that I don't know or that are difficult to predict the results of. I also like to bet on certain teams, only when I see that the teams I like won't be in a good position to win or score many goals or concede many goals. Then I choose other teams that I see I have a good chance of getting right. I also don't intend to become a professional bettor.

I agree with this. If we play for fun, then firstly, statistics are not particularly important to us, and secondly, we ourselves know what we can see there (based on our favorite odds).
If we play for money, then most likely such statistics will be insufficient (depending on the strategy we play).
In general, I'm interested in analyzing the history of my bets and looking at the number of won/lost outcomes (excluding the bet amount), but I'm too lazy 

I've thought about saving bets on a spreadsheet but laziness keeps me from doing this, after all I don't want to be a professional in gambling this is part of the fun so there is no need for data to be recorded, the important thing is to bet according to your ability and be ready to lose.

But again this will make me know the overall total bet, what if I lose more and the money comes out? Of course I will be surprised to see it, therefore I will not do this and to see the statistics it is enough in the casino.

Keeping records is always the best option. We need to understand that now a days, data is the real wealth. So yes, many rich people already follow this trick to manage their expenses. They consider gambling as one of their expenses as well. Now, as a normal gambler who does moderate gambling, managing an Excel sheet with data can be too much hassle, but this will eventually help the user to do sensible gambling and that too by following a limit. I myself don’t keep records, as I do sports betting mainly and that too occasionally. But managing the date can really help to understand the importance of money and the way you are spending it on each bet.

Gambling is what it is, I think it will be better for us not to take things too extreme, unless we are keeping the gambling records to track the amount we have lost so far, personally I don't even see any need for that, though I have heard people say they make much money for sustenance from gambling but am skeptical about such statements though I know gambling as a luck stuff which means that your winning practically depends on your luck level not what you think you know about gambling.

It's laughable to even think that people can actually be a pro in gambling through studying and having a betting record in a spreadsheet, don't we think that the result of today may not be the result of tommorow, let's assume that our record says team A has beaten team B in the past how are we sure that such will repeat itself presently, what if team B is currently in a good form compared to team A does it mean that the betting records will come as we it used to be before.
I watch a match recently between Monaco and angers, I betted on manaco to win based on the record that exist between the two teams but to my greatest surprise angers won that match with just 1:0 against Monaco, so what can we say in this case, for me i think there are things we don't need to bother ourselve about because we can't determined the outcome so keeping record in a spreedsheet wouldnt make any difference or hinder what must be.

Keeping spreadsheets makes me feel like I'm not having fun honestly because at that point it begins to turn like a professional thing were by it can be considered a job but I actually wanted to gamble for fun and not to gamble because I wanted to make too much money of it, it's for me some kind of fun that at times I get paid off it but for those who see it beyond this they will need to keep track so they can be able to make the best of gambling and make as much profit as possible.

But spreadsheet will not guarantee any form of winning but will only help you probably make some advancement such that you can be able to readjust your strategy when need be.

Tracking your bets can actually be a very good strategy that can help you get some Profits in sports betting, sometimes after losing a bet it's important to take note of the mistake you made and try to use a different approach on the next bet. Just like you said it's best to pick a league you win from more often. Personally, I love betting on a single league, focusing on a particular league will give you more leverage over the market because you aren't Making too many selections that might result to a lost bet. Sports betting can't be a career but you can mitigate your losses by studying the market.

Keeping a dedicated spreadsheet for betting can be an advantage indeed, when comes to studying one journey through the world of sport-bettting. The only downside I see from having and keeping a dedicated spreadsheet is the possibility of them to encourage people to always be in green numbers and always to try to make money out every single bet they have put on the table, eventually it could all devolve into chasing losses.
One first need to make a spreadsheet exclusively dedicated to track one's personal finances and budget before jumping onto making a sheet to bet in sports, and only allow one to partake in betting if one's monthly income allows it.

I am yet to use spreadsheets for keep track of my performance, I will start doing it when the time of the next Football world cups comes in.

To me using spreadsheet is when a gambler is constantly incurring lose though it's good to check the overall performance of oneself to know if they are on higher lose, medium or low. If this practice is put in place you would adjust and I think my other post also partially relates to this but not entirely this topic. As Gambler it's important to always have a budget to gambling be it weekly monthly we should always know that it's important to have budget and track our performances to know the condition we are if is that safe for us or not.

That was just a reference, so there's no need to replicate it if it doesn’t meet your requirements. What’s crucial is ensuring that all necessary information is included in the spreadsheet, specifically the following:

Date...Type of sport...Pick..Bet...Odds...Result...Running balance...Win/loss ratio

You can easily input this data into Excel and use formulas for timely updates.

this is a kind of book of financial records and nothing more. Yes, you are right that it will not help in the correct forecast of events. There are people who are very bothered with calculating their expenses and apparently the table that was shown to us is just from this category. The amounts indicated in the table are absolutely not large, so I would not keep track of my expenses, I already know how much I spend per month on gambling.

I used to have one when I was betting on horse racing and full time doing that, but after I got a full time job with long hours, I could not keep up updating my weekend bets and status of the horses. Spreadsheets are for serious sportsbetters to keep track of their betting performance and allocation.
If you're betting once a week, you can just allocate and just take a tip from the tipsters. Spreadsheets are a big help not only for bettors but on almost every industry.

Too many factors makes up a pro and the best amongst them is self awareness. While the tracked records could be helpful, someone already complained in the thread that he got tired of doing it. Not everyone who wants to be an advanced player will stick to recording his progress on spreadsheet. And most experienced players didn't plot graphs to be successful. Being conscious of yourself as a player and building up on what works for you is the easiest and effective way to become a gambling pro.

Hey this is pretty good and it might be a useful new thing for me in betting at the sportsbook.
I always bet every week but I never thought about this to see how good I am at betting because I seem to ignore things like this because all I do is bet and see the results of winning or losing but I never thought about making some things that show my statistics in betting whether it is something good or still very lacking.

If you think about it further, this is quite important to do because the consideration is not only defeat and victory but also statistics and our journey so that we know that in the end whether we are good or not in the bets made.
I will likely do the same from now on so that I can see and evaluate my gambling journey in the sportsbook.