Keep track of your bets. It could be a simple thing to make you a smarter bettor.
– Tracking your bets is one way to help improve your overall winning percentage and increase your bankroll.
– There are a couple different ways you can keep track of all your bets.
Keep Track of Your Bets
If you’ve caught the sports betting bug, you’re probably like most bettors. You place some bets here and there, experience some nice win streaks, and take your fair share of losses too.
One thing you can do to help increase your chances of winning more bets is to simply keep track of what you are doing. Whether you bet for fun or take it more seriously, you still want to win more than you lose, right?
Bettors can get a clearer picture of what they are betting, how they are betting, and when they win. Knowing what works can go a long way in helping a bettor find more wins in the future.
ICYMI > THE EVOLUTION OF SPORTS BETTING
What to Track
So, if you’re going to track your bets, what exactly do you track? A record of a single bet might include the date the bet was placed, the sport, and the type of bet (moneyline, spread, etc.).
You would also include some other specifics like how much was wagered, the odds/lines, the result, the team (or individual) that you bet on, and maybe whether it was a home or away game (if applicable).
What you keep track of is entirely up to you, but keeping track of these items is a great place to start. You also might want to track each sport separately. This way, you can go back and find all of your bets on a single sport easily.
Why Keep Track of Your Bets
The objective of sports betting is to win more than you lose. Tracking your bets gives you some data to work with to find out what works for you and what doesn’t. Knowing your success, or failures, in certain betting markets is super valuable info.
You may love betting on the NBA, but you win more of your MLB sports bets. Or you lose more of your point spread bets compared to your moneyline bets. The data you collect can offer some insight in how to place bets for success in the future.
Plus, it can keep you from placing random bets on Russian hockey or table tennis. Tracking your bets will help you discover what works best for you.
The big question then is simply how do you keep track of your bets? The old school method of tracking via pen and paper is still available though it can be time consuming.
There are numerous apps available now that will help you track your bets. In fact, people behind the scenes of our network are working on an app to track your bets. They’re aiming at giving you advanced betting analytics on all your wagers.
There is also other online sportsbook software available that can be used to track wagers. Again, the bottom line is to find what works for you.
If you use a sportsbook app, there will be a record of all of your bets. It might not be the best way to track your bets, but it will give you all the information you need – bet type, how much wagered, win/loss, etc. Bets may not be separated by sport either, but it is something you can use as a tracking mechanism if needed.