Keeping track of betting on a spreadsheet

If you’re serious about gambling and want to stay in control, keeping track of your bets on a spreadsheet is a game-changer. It’s not just about knowing how much you’ve spent—it’s about identifying patterns, improving strategies, and maintaining discipline. Here’s how I do it, step by step:

1. Create categories​

Set up columns for key info like:

  • Date of bet
  • Game/sport/event
  • Type of bet (e.g., moneyline, parlay, roulette outside bet)
  • Stake amount
  • Odds (decimal or fractional)
  • Outcome (Win/Loss/Push)
  • Profit/Loss

2. Add details​

To really level up, include extra details:

  • Reason for Bet: Why you placed it (gut feeling, stats, tips).
  • Emotions: Note if you bet emotionally or rationally.
  • Long-term Metrics: Calculate ROI (Return on Investment) and Win Rate after every session.

3. Automate calculations​

Use Excel formulas or Google Sheets functions to automatically total your stakes, track profits, and even flag losing streaks. For instance:

  • =SUM for totals
  • =IF to color-code wins/losses
  • Charts to visualize performance over time

4. Review regularly​

Look for trends every week or month. Are you losing more on a specific type of bet? Is your ROI better on one sport than another? This analysis can help you refine your strategy.

Why It Matters​

For me, this approach has made gambling less of a random game and more of a controlled experiment. I’ve saved money by spotting bad habits (like chasing losses 😅) and have a clearer picture of my overall performance.

Anyone else use a spreadsheet? What do you track that I might be missing? Let’s make this method even better!
 
A structured spreadsheet is not just helpful—it’s essential. Without proper tracking, you’re essentially gambling blind. ROI and Win Rate metrics are critical to long-term success in any betting strategy.
 
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