Evenly spread your stake over several selectionsso that no matter which one of your bets is successful you win the same amount of profit. Enter the total amount you wish to stake, the betting odds for each of your selections and any related commission.The amount to place on each bet and the potential profit is updated automatically.
The Bonusbank Matched Betting App makes it easier than ever to start (or continue) making a regular side income from bookmaker promotions. The app is available on both iOS and Android, and is free to download. All of the beginner content can be accessed without even have to enter any personal details.
For this reason, lots of Matched Bettors prefer to lock in a profit whenever their team have gone 2 goals up. It's extremely easy to do, and we can use the Team Profit Calculator App (search 'Team Profit Calculator' in your mobile App Store). Content List - hide Early Payout Calculator Guide.
Use our Bet365 bonus code when signing up for a new account.
Google Sheets Sports Betting Tracker. The sports betting tracker is also available on Google Sheets. While the features are the same as the Excel file, Google Sheets has some notable benefits: Available/online at all times; Can enter bets on your phone using the Sheets app; You don’t need to be at a computer to enter your bets.
Enter up to 10 selections (Recalculates Automatically)
Dutching is a betting method in which the stake is divided over a number of selections in an event so that the same amount is won regardless of which selection wins. Each of these bets are often designed to pay out the same amount, and thereby minimise or remove the chance of making a loss. Read our dutching guide for the full details.
Dutching is useful in situations when there are two or more outcomes you wish to back and have a specific amount to stake. Primarily used for football and horse racing, it is best used on markets where the outcome is the hardest to spot to minimise risks.
Dutching won’t make you the biggest profit as it involved spreading your stake amongst bets, some of which will lose. It takes time and effort to identify they right markets and combinations of bets, but with patience it can be a useful tool.
What is dutching? - Read the article for a full explanation of this technique and learn how to split your stake across a number of runners to achieve a fixed return not matter what the outcome. An example also explains the calculations necessary to work out the split.
Bet returns calculator - Work out returns for any kind of bet you might place, from accumulators to lucky 15's. Comprehensive and easy to use supporting a wide variety of betting options including each way betting and fold options.
Ever wondered how you are actually doing in sports betting?
Just like tracking your finances can be an eye opening experience (I spent how much at restaurants last month?!), tracking your bets can shed some light on your performance.
Download the free sports bet tracking spreadsheet below to get started (available for both Excel and Google Sheets):
Bet Tracker Spreadsheet: Instant Insights
If you want to measure your performance and see where you are succeeding and failing, you need to track it.
With this free tool, you can see your performance broken down by various dimensions.
Have a great ROI on betting NBA 2nd halves? Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.
How to use the spreadsheet
While the spreadsheet is pretty straightforward, I’d like to walk you through how it works.
How to track sports bets
Everything lives in the “Bet Log” tab. This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate.
In the “Bet Log” tab, blue columns are required while red columns are optional. The more information you input, the more useful the spreadsheet will be.
Entering things like the closing line, while slightly annoying, will also be the most important to your success.
How to analyze performance
Each tab will have different graphs and tables that show your performance. The beauty of this is that you can filter the data by any dimension you like.
Any yellow cell is an “input” cell that can be changed. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.
How to add more leagues and teams
To add new leagues and teams, you will do so in the “REF” tab. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet.
Again, the cells available to modify are in yellow. You can add the following dimensions:
Leagues (ex: WNBA)
Teams (ex: Chicago Sky)
Tags (ex: 2nd half)
Bet Tracker Spreadsheet Metrics
Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:
Closing Line Value
Matched Betting Calculator App Yahoo
Closing line value (CLV) is a measure of how much better or worse the odds you bet at were compared to where they closed.
If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.
All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the “true” closing line was.
Profit
Profit is about as simple as it gets. Are you making or losing money?
While this is the “bottom line”, surprisingly it isn’t always predictive of long term success. Still, you will obviously want to see how much money you have made or lost.
ROI
This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.
While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.
ROI isn’t as predictive of long term winning as CLV, but is useful to track to see where you stand.
Risk
Matched Betting Calculator Blog
This one is simple, yet will likely give you insights into where you are putting your money.
If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys? Analyzing your risk by league/team/bet type can give you these types of answers.
Bankroll
Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll.
It is very useful to see, at a glance, where your money lies. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.
Bet Tracker Spreadsheet Dimensions
Having these metrics available is important, but insights really come from slicing the data by different dimensions.
League/Team
Tracking your performance by league or team can give you clues into where your strengths or weaknesses are.
Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet.
Same goes for leagues. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what’s working.
Bet Type
Looking at performance by bet type can also shed some light on your process, especially if it is model driven.
Track your performance by the following bet types:
Spread
Moneyline
Total
Prop
Future
You can also use the “Tag” field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put “2H” (or something similar) in the Tag field and “moneyline” in the bet type field.
Date
A common way to analyze performance is to look at metrics trended over time.
Look at any of the metric/dimension combinations above trended over any time period you’d like.
Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.
Google Sheets Sports Betting Tracker
The sports betting tracker is also available on Google Sheets. While the features are the same as the Excel file, Google Sheets has some notable benefits:
Available/online at all times
Can enter bets on your phone using the Sheets app
You don’t need to be at a computer to enter your bets
Google Sheets auto saves any changes
Allows multiple users to be in the sheet at the same time and make changes