Are you keeping a record or how much you lose or win? Aussies can start record keeping and performance analysis to get the results they want. A punter who is serious about betting will make sure that they pay attention to the guidelines we discuss further on this page. In order to see continuous success, you need to have accurate and well-planned record keeping and performance analysis. There are several factors that determine whether you are going to win or lose in the long run. It gives you more reason to understand what keeping record and analysis entails.
This is a great start for serious bettors who aim to win. Once you properly take note and evaluate your sports betting priority, you notice what works and what doesn’t. Gaining such a tool will improve your overall results. You’ll find essential guidelines that will help you track a detailed record to thoroughly evaluate your performance. All bettors who are eager to learn more can read on.
It’s a good idea to keep track of your bets for your own benefit. Although the following seems general, they can slip your mind. Analysing your bets gives you patterns that are valuable when you make betting decisions in the future. This basic principle allows punters to keep track of the wagers.
- The date of the match
- Who you want to bet on
- The type of bet you’re planning on making
- Odds that you checked
- The result of the bet
- Have a look at how close you were at winning or losing
A spreadsheet is what we recommend you use to keep a record of the above points. With each wager you make, enter the required data. Have a separate spreadsheet for every sport you wager on. You have to break down each sport from the starting season to the finals. In this manner, you are able to correctly keep track of your performance. You’ll be surprised at the insight you get from your wagering performance. Moving forward, players will be able to recognise their weaknesses and strengths. At this point, you can choose to work on your downfalls or focus on your strengths.
Who knows maybe you’re losing more or winning less because there are loose ends in your strategy. To have a clue of how much profit or loss you are making you need to make an effort in record keeping. For punters who bet online, they can record all their deposits and withdrawals they make at wagering sites which is a method of tracking your overall profit or loss. One way in which you can do this is by using Microsoft Excel or a notebook. The spreadsheet doesn’t have to be complicated; have a column with the date, online site, deposit, withdrawal, and the total profit or loss. We suggest additionally having your online betting account. It’s entirely up to you how you want your spreadsheet to look so long as you know how much you’ve lost or made monthly.
Players who want to take their betting process further can insert extra information when they record their wagers. This will take a lot of your time but you can try it out. We have a list of additional information you can jot down for your bets.
- Statistics and facts should be considered
- Measure the weight given to each statistic
- Where you get your source of information
- The main reason for making that decision
- Be patient
If you are planning on betting in the long run, we hope this page provides guidance. Some punters tend to skip this step because it’s time-consuming. So, don’t make that mistake! Do monthly reviews and see results. Successful bettors always look for tricks on how to reinforce their performance and results. The purpose of this guide is to help you develop as a bettor.
Check Out Our Other Sports Betting Guides
- Bankroll Management
- Betting for Fun Vs Profit
- Betting Odds
- Big Game Prop Bets
- Biggest Challenges in Betting
- Bracket Predictions Explained
- Comparing Odds and Line Shopping
- Finding Value in Betting Odds
- For and Against
- Line Betting
- Moneyline Vs Point Spreads
- Multi Bets
- Over Unders
- Puckline Betting
- Optimising Your Selection Process
- Teasers and Pleasers
- Understanding Odds