Create a Customizable Bet Tracking Spreadsheet

Josh

If you're serious about improving your sports betting skills, a good bet tracker is essential. By keeping track of your bets and analyzing the results, you can make data-driven decisions that lead to long-term success. In this post, we'll show you how to create a customizable spreadsheet for bet tracking, using Google Sheets. 

Step 1: Choose a Spreadsheet Tool

There are many spreadsheet tools available online, such as Google Sheets, Microsoft Excel Online, and Zoho Sheet. We recommend using Google Sheets because it's free, cloud-based, and easy to use.

Step 2: Set Up Your Spreadsheet

Start by creating a new spreadsheet. In the first row, create the following fields:

  • Date: The date of the bet
  • Sport: The sport you're betting on
  • Event: The specific event you're betting on
  • Bet Type: The type of bet (Moneyline, Point Spread, Total, etc.)
  • Odds: The odds of the bet (in decimal format)
  • Stake: The amount of money you're betting
  • Result: The result of the bet (win, loss, or push)
  • Profit/Loss: The profit or loss from the bet

Step 3: Enter Your Data

For each bet you make, enter the relevant data in the corresponding row of the spreadsheet. Make sure to use the correct format for the odds field (decimal odds).

Step 4: Calculate Profit/Loss

To calculate the profit or loss from each bet, use the following formula:

=IF(D2="Win",(E2*F2)-E2,IF(D2="Loss",-E2,G2))

Assuming that the "Result" column is in column D, the "Stake" column is in column E, the "Odds" column is in column F, and the "Profit/Loss" column is in column G. Please adjust the cell references accordingly if your columns are located differently. 

This formula assumes that the data is entered in rows 2 and beyond. If your data starts in a different row, adjust the formula accordingly.

Step 5: Analyze Your Data

Once you've entered your data and calculated your profit/loss for each bet, you can start analyzing your results. Here are some suggested visuals to help you make sense of your data:

  • Line graph of profit/loss over time
  • Bar graph of profit/loss by sport
  • Pie chart of win/loss/push percentages

Step 6: Make Data-Driven Decisions

By analyzing your betting data, you can identify trends, strengths, and weaknesses in your sports betting strategy. You can use this information to make data-driven decisions about which sports to bet on, which bet types to use, and how much to stake.

Creating a customizable spreadsheet for bet tracking is a simple but effective way to take control of your sports betting. With the right tools and a little bit of effort, you can make smarter bets and achieve better results. So start tracking your bets today and see the difference it can make!