- in Betting by Lucy
Register your bets in an instant You select what game you're betting on and we'll enter the date, time, odds and sport automatically. All major sports like football, baseball, horse racing, basketball and ice hockey are supported, all the way down to the lower leagues. 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 such as the control of money in an independent way.
Many of the readers of my site tell me they have a good idea for a betting system.
Luke Matched Betting, Money Making Introduction Once you begin placing bets on multiple bookmakers and betting exchanges, it can be quite easy to lose track of profits and become disorganized. Betandskill offers a free betting tracker excel worksheet, which is available for download. This betting tool tracks your bets for multiple agencies and provides performance data as well as a summary graph. You can keep track your deposits, withdrawals, bets, available funds, performance stats and much more. BETTING TRACKER: 7 WORKSHEETS. Get the latest odds, spreads and betting lines from this week's games, as well as full coverage of the National Football League from USA TODAY.
Or that they have an interesting variation on a commercially available idea.
And they’re often right to be excited.
But, in my experience, what often trips them up is knowing how best to test their new method.
Because, although they usually agree with me that testing is important, they often lack the necessary spreadsheeting skills to record and analyse their results data properly.
So: I thought it would be a good idea to release a spreadsheet or two on the site that would simplify the task of data capture and analysis.
And you now can get the first one by immediate download from this page….
Horse Racing Analysis Spreadsheet
Many people appear to use spreadsheet tools as little more than big electronic notepads.
They will calculate all sorts of sums manually then just key in the results – rather than letting the technology do the grunt work for them!
This is creating work – and almost guaranteeing inaccuracy.
Because invariably, following a manual process will produce lots of calculation errors – which simply wouldn’t happen if the spreadsheet were set up to do the sums for you.
Testing doesn’t have to be this hard!
I have put together an Excel spreadsheet that you can download for just £5 + VAT from here.
An OpenOffice version is also available for the same price by email request to [email protected]
The spreadsheet covers the noble art of backing horses, including each-way and straight win betting at both the bookies and Betfair.
It is super-quick to use and, in return for very modest effort on the user’s part, automatically produces analysis of:
- strike rates
- return on investment
- capital growth.
It also allows you to compare performance between backing at the bookies and the exchange, including handling Betfair Starting Prices and each-way betting.
I think you will find it very easy to use, but, to make life even simpler, I have put together a completely free and comprehensive User’s Guide that you can get your hands on here.
You may wish to read the User Guide before buying anything to find out exactly what the spreadsheet does.
To receive the password for the spreadsheet, simply click on the Paypal button below. The price is £5 + VAT at your local rate.
Summary
Gambling Spreadsheet Template
I will produce additional spreadsheets for laying and trading in due course.
But backing remains far more popular so is the obvious place to start.
Using tools like the the Lay Back Horse Racing Backing Spreadsheet has made me a lot more successful in my own testing and trialling.
It’s an approach that introduces rigour and discipline into the process and, by automating the calculations, drastically reduces the effort required.
Once you get the hang of the spreadsheet – which shouldn’t take very long at all – you should quickly find it becomes easy to track and analyse your betting.
If you have any questions, do drop me a line at [email protected]
And of course, if and when you come up with your killer system and would like to tell me about it, do get in touch!
Lucy
How to Make £1,000 per Month from Betting
My free 30 page guide explains, in plain English, how anyone can reasonably expect to make £1,000 per month tax-free from betting.
Introduction
Once you begin placing bets on multiple bookmakers and betting exchanges, it can be quite easy to lose track of profits and become disorganized. Knowing the actual profits earned will help you gauge your progress and improve your decision making.
So what can you do to track everything in one place and refer back to it anytime you need to? Create a matched betting spreadsheet that includes all of the essential information. We’ll discuss what a matched betting spreadsheet is, how to create one, and other alternative solutions to make tracking a piece of cake!
What is a Matched Betting Spreadsheet?
A matched betting spreadsheet is a tool you can utilize to measure your progress in matched betting. The only way to improve is to track and quantifiably see your results. If you notice you’re making way too little money from one bookmaker, it may be worth cutting out those offers and switching over to other styles of betting or other bookmakers.
What Should You Record?
You don’t have to record everything, but it’s important to record the account information and each offer that you bet on. Account information is incredibly important to record because you may have over 100 different accounts, which means you have a lot of usernames and passwords. Create an efficient system to remember all of the important information. You’ll be able to know your balances without logging in to check.
Here are the following items you’ll need to keep track of:
Account Balances:
- Name of bookmaker
- The date that you opened the account
- Your matched betting bank account balance
- The amount of money you began with
- Total deposited and withdrawn
- Pending deposits
- The balance amount in every bookmaker you’ve signed up with
- Bets that are currently open
- Balance at every exchange you use, such as Matchbook, Smarkets, Betfair, and BetDaQ
- Username
- Password
Sports Betting Spreadsheet Template
Offers:
- The date that the offer started
- Bookmaker account the offer started from
- Description of the offer
- Your profit or loss from each offer
- Total running profit
- Additional notes
Make sure to create separate sheets for these two categories. Sheet one can be bookmaker and casino accounts, while sheet two can be offered. Just remember that it’s meant to be easy to record and retrieve information from. If it’s too complex, then you’re doing something wrong.
Profit Graphs
Try to create monthly profit and total profit chart graphs. This gives you a visual indication of your progress. On the bottom axis, record the month, and the vertical axis should record the amount of profit. Due to the nature of matched betting, it won’t be realistic to see a status profit. Your profit will likely vary month to month. However, over the long run, you should see an upward trend in profit. Refer to your profit graphs and tracked bets, so you can understand what areas you need to improve on. If you notice your profits are down, you can take a look at your bets. Maybe it’s due to a particular sport like golfing, football or horse racing that is causing a dip in profit.
Other Ways to Track Progress
Sports Gambling Spreadsheet
Luckily, you won’t have to manually record these items yourselves. Doing these for every bet can be quite tedious and time-consuming. Most matched betting services such as OddsMonkey or Profit Accumulator will have their own built-in profit tracker. Whenever you place bets using their service, all of the details will be recorded for you. You’ll even be able to export the data in your account to an excel spreadsheet for you to copy and paste. In case you are using a service that doesn’t offer a profit tracker, you can use the templated Profit Accumulator matched betting spreadsheet.
Some spreadsheets and trackers are more comprehensive than others. Some will include free bet offers, matched betting calculators, and automatic graphs, while others will only have your balances and track your bets.
OddsMonkey Profit Tracker
Kadala Gambling Spreadsheet
With OddsMonkey Profit Tracker, you get an automated system to help you track profits. The tool shows you where you need to concentrate your efforts to increase profits. You are able to filter and view profits by a specific sport or month. This allows you to double down on the betting tactics and sports that are earning you the most money. Users can also compare their expected profits against what their actual profits are. You’ll be able to add items automatically or manually. Furthermore, this software helps you automate the tracking process, so you don’t have to spend time manually tracking.
Gambling Spreadsheet In Excel
See What Works Best For You
Diablo 3 Gambling Spreadsheet
Sports Betting Spreadsheet
Ultimately, you’ll see what works best for you. We feel that using a tool such as OddsMonkey or Profit Accumulator will make your life ten times easier. Manual recording can lead to mistakes and waste hours every month just entering your numbers. Use an automated system to reduce the amount of admin work that you have. Reallocate that time to find and complete more offers and earn more profit!