So as this NBA season starts before us, I just wanted to ask everyone about their bookeeping. Does everyone even do it? I know there's posters on here who want an exact win-loss record, but I think a case can be made that tracking records don't help build bankrolls.
Just wanted to get everyone's thoughts on this. What is it you keep track of? What are the benefits? etc...
So as this NBA season starts before us, I just wanted to ask everyone about their bookeeping. Does everyone even do it? I know there's posters on here who want an exact win-loss record, but I think a case can be made that tracking records don't help build bankrolls.
Just wanted to get everyone's thoughts on this. What is it you keep track of? What are the benefits? etc...
I have no job so I just borrow $20.00 from whoever and throw it on a four teamer if I hit I give them back $20.00 if I lose I .I start the process over again.
I have no job so I just borrow $20.00 from whoever and throw it on a four teamer if I hit I give them back $20.00 if I lose I .I start the process over again.
So as this NBA season starts before us, I just wanted to ask everyone about their bookeeping. Does everyone even do it? I know there's posters on here who want an exact win-loss record, but I think a case can be made that tracking records don't help build bankrolls.
Just wanted to get everyone's thoughts on this. What is it you keep track of? What are the benefits? etc...
GL to everyone this season!
I keep track of everything. One of the main spreadsheets that tracks my bankroll has the following columns:
Date Win/Loss Details of Bet Wager Size Odds Winnings Loss Balance Win-Loss-Push Record Winning % Return on Investment Profit/Loss Average winnings Win-Loss-Push Record based on Size of bets relative to bankroll.
I have other spreadsheets for other calculations, but the spreadsheet explained above pretty much tracks my progress through the year.
I do this for a number of reasons, but the best way to explain this is that I run it like any other business of mine, when at the end of the fiscal year, you want to assess how the business did. It's just accounting so you can track where the money is going, what it is being spent on, whether you got the best lines while trying to pay the lowest juice possible, review past bets to aid future ones, run simulations to aid projections, and also at the end of the season you can look back and compare how you did in a season relative to other seasons to see if you find similarities, for example I used to always hit a cold streak just before the all-star break, and before the end of the season. Keeping records allows you to look back during the offseason and assess why this happens so you can improve for the following season.
There are many more reasons, but the ones stated above more or less covers it.
Hope that makes sense. Welcome any feedback or suggestions.
So as this NBA season starts before us, I just wanted to ask everyone about their bookeeping. Does everyone even do it? I know there's posters on here who want an exact win-loss record, but I think a case can be made that tracking records don't help build bankrolls.
Just wanted to get everyone's thoughts on this. What is it you keep track of? What are the benefits? etc...
GL to everyone this season!
I keep track of everything. One of the main spreadsheets that tracks my bankroll has the following columns:
Date Win/Loss Details of Bet Wager Size Odds Winnings Loss Balance Win-Loss-Push Record Winning % Return on Investment Profit/Loss Average winnings Win-Loss-Push Record based on Size of bets relative to bankroll.
I have other spreadsheets for other calculations, but the spreadsheet explained above pretty much tracks my progress through the year.
I do this for a number of reasons, but the best way to explain this is that I run it like any other business of mine, when at the end of the fiscal year, you want to assess how the business did. It's just accounting so you can track where the money is going, what it is being spent on, whether you got the best lines while trying to pay the lowest juice possible, review past bets to aid future ones, run simulations to aid projections, and also at the end of the season you can look back and compare how you did in a season relative to other seasons to see if you find similarities, for example I used to always hit a cold streak just before the all-star break, and before the end of the season. Keeping records allows you to look back during the offseason and assess why this happens so you can improve for the following season.
There are many more reasons, but the ones stated above more or less covers it.
Hope that makes sense. Welcome any feedback or suggestions.
Why would a bettor put any kind of serious money on a game within a league that has admitted it had gambling corruption and one of its officials went to jail? The only way to bet the NBA is in the playoffs and then betting the ML vs the point spread. With that said you really don't need to keep track of your W/L record because you shouldn't have many to keep track of. Just focus your efforts on collecting at the end of the week.
Why would a bettor put any kind of serious money on a game within a league that has admitted it had gambling corruption and one of its officials went to jail? The only way to bet the NBA is in the playoffs and then betting the ML vs the point spread. With that said you really don't need to keep track of your W/L record because you shouldn't have many to keep track of. Just focus your efforts on collecting at the end of the week.
Disagree with chilitokid. Agree & side with AllyJim. How many gambelers do you here say I am down 200 this week but last week was a good one I won a grand, but really overall they are getting hammered?
If you are in this to make money long term you need to keep track of $. I also keep an overall record of the games bet and win/loss, so I can keep a personal record. They say 53% is what you need to hit to make money, so why wouldn't you want to know if you are at 60% or only hitting 30% of the time.
Gambling is an addiction, so anything you do to keep you under control is a good thing.
Disagree with chilitokid. Agree & side with AllyJim. How many gambelers do you here say I am down 200 this week but last week was a good one I won a grand, but really overall they are getting hammered?
If you are in this to make money long term you need to keep track of $. I also keep an overall record of the games bet and win/loss, so I can keep a personal record. They say 53% is what you need to hit to make money, so why wouldn't you want to know if you are at 60% or only hitting 30% of the time.
Gambling is an addiction, so anything you do to keep you under control is a good thing.
Jesse is right on point. I have a spreadsheet that tracks the date, amount of bet, type of bet (straight, parlay, etc), team bet on, team bet against, on home/away team, result, money won or lost.
If you want to take it seriously, you need to track yourself so you can analyze your plays. I found that by analyzing my NBA plays last year, I was on the away team something like 70% of the time. It's a good piece of information to have, and one that I never would have had if I didn't track my plays.
Jesse is right on point. I have a spreadsheet that tracks the date, amount of bet, type of bet (straight, parlay, etc), team bet on, team bet against, on home/away team, result, money won or lost.
If you want to take it seriously, you need to track yourself so you can analyze your plays. I found that by analyzing my NBA plays last year, I was on the away team something like 70% of the time. It's a good piece of information to have, and one that I never would have had if I didn't track my plays.
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