The purpose of this article is to provide guidance on how to build a betting spreadsheet that is profitable and gives you an edge over the competition.
Know What To Include And What To Leave Out
It is essential to have a clear idea of what to include and what to leave out of your betting spreadsheet. You want to include everything that is relevant to getting the right results when gambling. However, you also want to keep things simple and avoid unnecessary complexity. As a rule of thumb, include only those variables that have a significant impact on the outcome of your wagers. For example, the weather in your area will greatly influence the odds of your favourite team winning. As such, it is essential to include this variable in your spreadsheet. However, other variables such as the performance of the opposing team and the quality of officiating in the game have little to no impact on the outcome of your wagers. Thus, you do not need to bother keeping track of these variables in your spreadsheet.
The Advantage Of Using A Spreadsheet To Track Your Wagers
As a rule of thumb, using a spreadsheet to keep track of your wagers is the optimal way to manage your betting activity. This is because spreadsheets give you the flexibility to track all of your wagers in one place. Moreover, it is much easier to update multiple sheets in a spreadsheet than it is to update a single database entry in a traditional betting management system.
Tracking your wagers in a spreadsheet gives you the flexibility to adjust them whenever you want. For example, if you notice that a certain game has significantly changed the odds in your favour, then you can compare the calculated results with the actual outcome and see if you got it right. This is something that is very difficult to do in real life, especially if you are not watching the game live.
The ability to compare your results with the actual outcomes allows you to find errors and make corrections if necessary. This is especially beneficial if you are new to gambling or betting (or both). Traditional casino games like blackjack and roulette are completely different ball games to sports betting. However, since chances are you will have both experiences, you will easily be able to make the transition from one to the other. Knowing where you went wrong and being able to correct it gives you a great advantage over the competition.
How To Build The Right Betting Spreadsheet
To build the right betting spreadsheet, you want to include all of the information that will allow you to make the right decisions when betting. For this to happen, you will need to consider what variables will allow you to find the right line and whether you should include the result or the method of obtaining this result. As mentioned by the previous point, the quality of officiating in a game will greatly impact the outcome and thus it is essential to track this as well. Another important thing to check is how recent the results are, what track records you have and whether you should favour one sports book over another.
How To Make The Most Of The Available Data
The data that you have available to you when building your betting spreadsheet will vary from case to case. Some of it will be recorded results and some of it will be calculated or imagined. For the best results, you will need to consider how you will use the data you have available to you. For example, if you have recorded data that shows your betting line is significantly better than average, then it might be a good idea to switch to this line in the future. Alternatively, if your data shows your betting line is significantly worse than average, then it might be a good idea to switch to another line.
The Main Takeaway
What you need to keep in mind when making a winning betting spreadsheet is that the odds of your favourite team winning will change based on a variety of factors. For this reason, you should not put too much emphasis on just one or two variables especially if they are not easily measurable. A good rule of thumb is to include only those variables that are critical to getting the right results. Moreover, it is essential to have a clear idea of the significance of each variable so you can accurately assess what impact it will have on the outcome of your wagers. As a general rule, the simpler you can keep it, the better. Finally, make sure to check for errors in your results as soon as possible. Checking for errors in your results will help you find out where you went wrong and be able to make corrections if necessary.