Posted 4/10/2022 by admin

Sports Betting Record Keeping Spreadsheet

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Ever wondered how you are actually doing in sports betting?

Football Betting Spreadsheet
Sports Betting Record Keeping Spreadsheet Template
Sports Betting Record Keeping Spreadsheet Example
Sports Betting Record Keeping Spreadsheet Free

Just like tracking your finances can be an eye opening experience (I spent how much at restaurants last month?!), tracking your bets can shed some light on your performance.

Download the free sports bet tracking spreadsheet below to get started (available for both Excel and Google Sheets):

Keeping track of your bets in a betting spreadsheet is one of the most important parts of becoming a successful bettor. We’ve teamed up with pro punter Matt Taylor to share a simple sheet for you to.
We at Betting Tools have devised a spreadsheet for keeping track of all your bets. All you have to do is name the bet, set the stake and odds, choose the bookmaker from the dropdown and then choose win or lose once it has been completed. The spreadsheet does the rest and works out your profit loss on that particluar bet.

A lot of bettors create spreadsheets exclusively to play this crucial role in sports betting: bankroll management! Of course this kind of function can be inserted on a control spreadsheet but a lot of people decide to treat this so fundamental aspect of sports betting. Promo Codes Sports Betting Record Keeping Spreadsheet. Easy to apply Find Gun Lake Casino Hours. Promo Codes Free Sports Betting Information App. Find Why Sports Betting. Google Sheets Sports Betting Tracker. 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.

Bet Tracker Spreadsheet: Instant Insights

If you want to measure your performance and see where you are succeeding and failing, you need to track it.

With this free tool, you can see your performance broken down by various dimensions.

Have a great ROI on betting NBA 2nd halves? Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.

How to use the spreadsheet

While the spreadsheet is pretty straightforward, I’d like to walk you through how it works.

How to track sports bets

Everything lives in the “Bet Log” tab. This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate.

In the “Bet Log” tab, blue columns are required while red columns are optional. 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.

Football Betting Spreadsheet

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.

Any yellow cell is an “input” cell that can be changed. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.

How to add more leagues and teams

To add new leagues and teams, you will do so in the “REF” tab. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet.

Again, the cells available to modify are in yellow. You can add the following dimensions:

Leagues (ex: WNBA)
Teams (ex: Chicago Sky)
Tags (ex: 2nd half)

Bet Tracker Spreadsheet Metrics

Deciding what to track is important in determining how you measure success. 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.

If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.

All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the “true” closing line was.

Profit

Profit is about as simple as it gets. Are you making or losing money?

While this is the “bottom line”, surprisingly it isn’t always predictive of long term success. 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.

ROI isn’t as predictive of long term winning as CLV, but is useful to track to see where you stand.

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? Analyzing your risk by league/team/bet type can give you these types of answers.

Bankroll

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. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.

Bet Tracker Spreadsheet Dimensions

Having these metrics available is important, but insights really come from slicing the data by different dimensions.

League/Team

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. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what’s working.

Bet Type

Looking at performance by bet type can also shed some light on your process, especially if it is model driven.

Track your performance by the following bet types:

Spread
Moneyline
Total
Prop
Future

You can also use the “Tag” field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put “2H” (or something similar) in the Tag field and “moneyline” in the bet type field.

Date

A common way to analyze performance is to look at metrics trended over time.

Look at any of the metric/dimension combinations above trended over any time period you’d like.

Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.

Google Sheets Sports Betting Tracker

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:

Available/online at all times
Can enter bets on your phone using the Sheets app
You don’t need to be at a computer to enter your bets
Google Sheets auto saves any changes
Allows multiple users to be in the sheet at the same time and make changes

Today I want to talk about keeping track of your winnings, I am going to explain why I think it is important and also dig into some tools you can use to track your bets. Including a spreadsheet template we have made just for you!

If you are here just to grab the template, here is the link.

Why it is important to keep track

So, lets start by talking about why it is important to keep track of your winnings. There are several reasons I want to highlight;

You will know which bets make you long term profit.
You will know which bookmaker is making you the most profit.
If you manually track how much money should be in each bookmaker, you can always query with them if something doesn’t look right.
It is easy to remember the wins, it is not so easy to remember the losses.
You will know when it makes sense to be more conservative with your bets or more liberal.
You will know which games or types of games consistently under perform for you.
It offers proof of your performance over time – if nothing else this can serve as a useful tool for bragging rights!!

At its core, tracking your winnings on a spreadsheet is about doubling down on what works and cutting out what doesn’t work. This might feel like extra work and I would be lying if I said it wasn’t, but it does lead to long term improvement in how you bet.

Spreadsheets

Hopefully I have sold you on the idea that keeping track of your winnings is a good idea, so lets talk tactics on how to do it.

I personally think a spreadsheet is the perfect tool for keeping track of these types of things. They make it simple to perform the (relatively straight forward) additions and subtractions you will need in order to keep yourself right.

As I mentioned at the start of this post, we have put together a spreadsheet template that you can use to help get up and running quickly.