Newbie Bookkeeping

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Keeping records is a vital part of being/becoming a successful sports bettor, what methods do you guys employ to keep track of your own results?

Right now, Im using a basic Microsoft Works Spreadsheet (new laptop, no office on here yet) that keeps track of the Date, Sport, Line, Amount Wagered, Amount Paid out to a win, If I got the pick from anyone else, or myself, and the Result (in $ amount)

The Sheet also does some basic tabulation such as how much ive wagered total, how much ive net won/lost, and my return on investment in a %.

I usually start one of these sheets every monday, and save them in the format of the monday they were made.. (my last one is a file called 8.29.05)

Is there anything else that you guys can think of thats handy to keep track of, or different calculations you keep track of to gauge your progress?

Appreciate the help :toast:
 

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what about how long you spent analyzing/betting/collecting the amount. Useful to know what you put into it.

It seems you'd also want to record where you made the bet and possibly what other lines were available at the time elsewhere. I'm not sure if that is covered by what you meant by "line".

But I'm a noob so maybe someone else knows better the "right" answer.
 

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good suggestions sumzero.. i used to also keep track of which site i made the bet on, but found most of my bets were being made on one of three different sites, so i figured it to be relatively useless information.

I was thinking of incorportating a way of showing the line i got the game at, and any line movements for the game, but i havent been able to come up with a good way to represent it yet.. anyone have any thoughts?:digit:
 

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Some Wagering Tips from Moderator Fishhead...

WAGERING PRIMERS for the upcoming NFL season

<HR style="COLOR: #fdde82" SIZE=1><!-- / icon and title --><!-- message -->Here a few things that have enabled me personally to stay in the BLACK in regards to wagering on NFL football over the last 25 years.

A few of these are NOT SET IN STONE for everybody, but my personal primers...........feel free to add your own that have worked for YOU.

1. SHOPPING LINES---Always attempt to get the best possible line available, and on the same token, very rarely do I ever wager a game where I could have had a better number.

2. WATCH AS MANY GAMES AS POSSIBLE---Many feel this is unnecessary.....not me. If one can watch a game totally with unbiased opinion and search for unknown little public clues, it can help tremendously the following week.

3. NEVER LAY OVER -3 ---When I say never, I mean never! Havent laid over 3 points in any NFL game(not taking middles into consideration which are rare) for well over 10 years. Some individuals may find this as a fault, but for me personally it makes my job much easier for a number of reasons and I can almost promise you if you have been a losing NFL handicapper through the years and do nothing else but adopt this rule, your results will improve dramatically.

4. Never take +6.5 if...you can buy a game to +7 for a mere 10 cents or less! This is especially true since the inception of the 2-point conversion in the rules.

5. Keep good records---Know exactly how you are doing on the year in terms of W-L record and more importantly moneywise. This is a no-brainer that should be applied in every sport.

6. Know the top PUBLIC teams on a weekly basis---This is very very important to know. Sometimes this is not an easy thing for the beginning neophite NFL handicapper to take seriously and/or to know who these team actually are on a weekly basis. Once realized, I go against these teams approximently 75% of the time.

7. Know injuries and understand them--- Ask yourself how an injury will effect a team.......both from a team standpoint and how it is effecting the spread. Remember, teams will more times than not tend to cover the spread the first time out after a major injury to a superstar for the reasons stated above.........the public will be against them and they will have a greater chance of being favored by less than -3 and may in fact be an underdog.

8. Money management---Establish a "betting bankroll" and determine a % of that BR to wager on each game. One key to my personal success is that I never RETRACT the size of my unit wager once the season starts, but allow myself to wager more per game as the season progresses or in certain situations. Of course this does not include very very small wagers that I will just call my "recreational" wagers that over time have no real impact on my BR whether I win or lose. Obviously could go on and on and on about this subject. The important thing I recommend here is THAT YOU HAVE A PLAN SET FORTH BEFORE THE SEASON BEGINS ON HOW YOU PERSONALLY ARE GOING TO HANDLE WINNING AND LOSING STREAKS AS THE SEASON PROGRESSES...........BE PREPARED AND HAVE A SET PLAN OF ACTION.........DO THIS WEEKS BEFORE YOUR FIRST WAGER!!

In closing, it is strictly CHANCE that you found this thread.

It is also CHANCE that you chose to read it and are presently looking at this sentence.

The ODDS are very high that indifference will govern your reaction or responses to it, and it is quite PROBABLE that those who do read this and haven't given these topics any previous thought, never will.

Remember, luck is whimsical and I do not place any hope or stock in it........for the most part. :)

Enjoy and here is to a successful NFL season!

:toast:

-Fish-
<!-- / message -->
 

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appreciate the great post! these are all definetly great things to have in mind going into a new season, always easier starting good habits on a fresh start in my mind!

what about the bears opener line? the injury to grossman had the skins/bears lines off all sites for a while, maybe there is an oppurtunity there? will be investigating :103631605
 

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