Managing a sports betting account is a lot more complicated than many people think it is. The number of different currencies, the fact that different bookmakers have different requirements, and the fact that some countries prohibit sports betting all together, make keeping track of everything a Herculean task.
Fortunately, there is help available. You can use spreadsheets like Excel to keep track of all your financial aspects related to sports betting. With the right tools, entering data can be a lot less laborious and a lot more efficient. This is important because a lot of money is at stake and it’s essential that you do this correctly. If you follow our guide, you will know how to properly set up and use an Excel spreadsheet for tracking your betting activities.
Excel For Beginners
If you are new to the world of Excel, then you should start by learning the most basic functions and terminology. Familiarizing yourself with the basics will make getting started with the program a lot simpler and will speed up your learning curve. The good news is that with Excel, even the most basic functions can have a professional and polished look to them. You can use the help of wizards, videos, and easily accessible resources available on the web to easily learn the basics.
Setting Up A Sports Betting Account In Excel
To get started with setting up a sports betting account in Excel, you will need to do the following:
- Go to the financial section of your Excel spreadsheet;
- Click on [Accounts];
- Click on [Add];
- Enter a name for your account in the [Account name] field;
- Enter your bank details in the [Bank details] section;
- Click on [OK];
- You will be returned to the main body of your Excel spreadsheet. In the top left-hand corner of the page, you will see the account that you have just made. The green flag next to it indicates that the account has been activated and is ready to be used. You can now begin adding funds to it;
- Click on the yellow button beside the account that you have just made;
- Enter how much you want to bet in the [Bet amount] field;
- Click on the blue button to go to the sportsbook site of your choice;
- Once on the site, log in to your account;
- Use the information provided to place your bets;
- When you are finished, log out of your account;
- Go back to the main body of your Excel spreadsheet and close the account. Your betting activity will now be tracked in the background.
If you follow this procedure, it is very unlikely that you will make any mistakes. Missing out on a bet you placed because you did not have enough money in your account is one thing. Forging any part of this process makes it much easier for people to spoof your account and steal your money. Always make sure that you have sufficient funds in your account before placing a bet. If you want to keep a record of all your bets, regardless of whether you win or lose, then you should create a list of bet facts. This will help you keep track of all your bets and winnings in a clean and organized way. The list should be saved in the same folder as your spreadsheet containing the account information.
Keeping Track Of Your Bets In Excel
To keep track of all your bets in Excel, you need to do the following:
- Go to the financial section of your Excel spreadsheet;
- Click on [Accounts];
- Click on [Add];
- Enter a name for your account in the [Account name] field;
- Enter how much you want to bet in the [Bet amount] field;
- Enter the name of the sportsbook or bookmaker in the [Bookmaker] field;
- Select the currency you will use in your bets in the [Currency] field;
- Click on [OK];
- You will be returned to the main body of your Excel spreadsheet. In the top left-hand corner of the page, you will see the account that you have just made. The green flag next to it indicates that the account has been activated and is ready to be used. You can now begin adding funds to it;
- Go to the financial section of your Excel spreadsheet;
- Click on [Accounts];
- Click on [Add];
- Enter a name for your account in the [Account name] field;
- Enter how much you want to bet in the [Bet amount] field;
- Enter the name of the sportsbook or bookmaker in the [Bookmaker] field;
- Select the currency you will use in your bets in the [Currency];
- Click on [OK];
- You will be returned to the main body of your Excel spreadsheet. In the top left-hand corner of the page, you will see the account that you have just made. The green flag next to it indicates that the account has been activated and is ready to be used. You can now begin adding funds to it;
- Go to the financial section of your Excel spreadsheet;
- Click on [Accounts];
- Click on [Add];
- Enter a name for your account in the [Account name] field;
- Enter how much you want to bet in the [Bet amount] field;
- Enter the name of the sportsbook or bookmaker in the [Bookmaker] field;
- Select the currency you will use in your bets in the [Currency];
- Click on [OK];
- You will be returned to the main body of your Excel spreadsheet. In the top left-hand corner of the page, you will see the account that you have just made. The green flag next to it indicates that the account has been activated and is ready to be used. You can now begin adding funds to it;
- Go to the financial section of your Excel spreadsheet;
- Click on [Accounts];
- Click on [Add];
- Enter a name for your account in the [Account name] field;
- Enter how much you want to bet in the [Bet amount] field;
- Enter the name of the sportsbook or bookmaker in the [Bookmaker] field;
- Select the currency you will use in your bets in the [Currency];
- Click on [OK];
- You will be returned to the main body of your Excel spreadsheet. In the top left-hand corner of the page, you will see the account that you have just made. The green flag next to it indicates that the account has been activated and is ready to be used. You can now begin adding funds to it.
As you can see, keeping track of all your bets in Excel is a lot easier than it seems. You will need to enter the basic account information once and then you can begin using the account without having to remember any of the specifics. You can also follow this procedure to make it easier for other people to monitor your activity.
Using Your Account To Place Bets
After having set up your account in the simplest way possible, it’s time to use it to place bets. To do this, you need to do the following: