Experienced punters always keep tabs on their bets, giving them clear insights into how much they’re winning and losing with each stake. It is an important part of an overall betting strategy and can help with betting performance. Moreover, proper documentation of each wager can help you compare stakes at different bookies and analyze your betting strategies. Most bookies usually have some sort of built-in tracking to see your history, but, if you use a few bookmakers, it’s a good idea to keep track all in one place.
Although you can put your bets on paper, we have a simpler, more time-efficient solution. Our free bet records spreadsheet features simple functions and built-in mathematical formulas that you can use to manage all your stakes and learn how each wager performs. You can look at which bet types work for you and take your betting to the next level and use the free bet offers from the bookies to really ramp up your profits.
Follow this link to view and download our spreadsheet to keep track of your betting: https://docs.google.com/spreadsheets/d/128-i6xhbibENncH_ofYxTU4RDOfRKIY5Yiy5Mqe3pXs/edit#gid=1980083440
Bet Records Spreadsheet Explained
At BettingTools, we’re committed to providing bettors with easy-to-use, beginner-friendly free calculator tools. Our bet table features several automated functions that require minimal user input, enabling you to keep accurate records for each month.
Our free bet table is divided into two parts. The first part requires you to input the basic specs of your stakes, such as game date, sports category, teams, wager type, stake size, and odds. Here’s how it works:
Textual Records
We purposely didn’t automate this section so that you can flexibly arrange the table to fit your gambling needs. For example, you may place multiple wagers today, none tomorrow, and a single one the day after. You may be laser-focused on football or a player who prefers spreading their bets across multiple categories.
Below is a short list of the fields you can fill out in our Bet Record Table:
- Game Date: enter the date when you placed your stakes
- Sports Category: you can type in the sports category, the competition, or the players you bet on
- Home/Away Team: enter the teams to remember what your wagers were about
- Wager Type: keep track of your straight, arb, spread, acca, and totals
- Odds: input the odds of each game in the decimal format
- Result: once the match concludes, enter “Win”, “Loss”, or “Tie”
- Bookie: input the name or the website of the online bookie you placed the wager
- Monthly Deposits/Cashouts: enter how much you’ve deposited or cashed out from the chosen bookie
These non-automated fields are fully customizable, so feel free to word the content the way you see fit. For example, you don’t need to input the official name of your chosen teams; you can input “Football – Spanish Serie A” or simply “Football”.
Data Table
The last two fields are automated and will use the data you input to calculate your winnings and total bankroll.
- Balance: You only need to input how much cash you currently have deposited at an online bookie; the remaining fields automatically add or subtract balance based on your wins and losses.
- To Win: This field will calculate your estimated earnings based on the data from the “Stake” and “Odds” fields.
Using Our Bet Records Spreadsheet
This simple free sports bet tracking spreadsheet was purposefully designed to be as intuitive as possible. Follow these simple steps to start using this tool.
- Download our free bet tracker spreadsheet and input the date of your wager in “Game Date”.
- Type the name of the sports category next.
- Enter the names of teams or players in “Away Team” and “Home Team”.
- Input the type of your stake in the “Wager Type” field.
- Enter the size of each bet in the “Stake” fields.
- Copy the odds from your chosen bookie and input them in the “Odds”.
- Enter the result as “Win”, “Lose”, or “Tie” in the following field.
- Type the name of the bookie you placed the wager at.
- Enter the amount you deposited or cashed out in “Monthly Deposits/Cashouts” or leave blank if no changes were made during this month.
- Enter the starting balance in the first field of the “Balance” field.
Bet Records Formulas
Our free bet records spreadsheet tool uses basic mathematical formulas to update your balance and give you an accurate estimate of your potential winnings (or losses) for each stake.
The “Balance” field will add the cash you won or subtract the cash you lost depending on the outcome of individual wagers. The “To Win” field uses the odds and stake data you provided to determine how much you can win.
Benefits of using Spreadsheet Trackers
There are numerous benefits to tracking your bets using a spreadsheet. The most obvious one is that you can easily manage your risk. Knowing exactly where your money has gone and how much you have available to bet with is crucial with bankroll management. You can see which markets have been particularly profitable and which one’s you may have had less success.
You can also calculate your earnings. It always feels nice when you see you accounts are growing and it gives you some reassurance that you are on the right track. Anything in the green should give you a boost and it’s a nice, positive feeling.
If you utilize Excel properly, you can also generate reports. You can filter these reports to give you the information that you want, such as earnings made every week, month and year. You could also filter by bookie and see which bookmaker is the most profitable for you with perhaps the best odds and you may want to keep going back to that site for a while.
Of course, it is also a simple way to track your wins and losses. If you are a regular bettor, and if you are using a spreadsheet for your sports betting activity you are, then it is easy to keep lost among the volume of bets placed. You need to know exactly how much you have lost if anything and then also where you are making your cash. Having a sports betting tracker can also inform you of which bet type you might be particularly good at, and you can then build on that.
FAQs
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What is a bet record spreadsheet?A bet record spreadsheet is a table where users can accurately document their wagers at different bookies.
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Why should I use a bet record spreadsheet?You can always see how much money you have left at any given bookie, just like you can see how much you can potentially win for individual stakes. However, keeping track of multiple bets allows you to efficiently manage your bankroll, analyze the performance of each stake, and compare odds at different bookies.
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Is this bet record table free?
All tools and calculators at BettingTools.com are completely free to use.
