Sports Betting Record Keeping
- You may use a basic ledger in which you handwrite your entries or some record keeping software such as Excel. Record Sports Betting Expenses. You’ll record any expenses associated with your.
- Picks on which sports inspired by which people are bringing you money or taking it away from you? How good or bad are you results in live betting, long-term bets, arbitrages or surebets? Then Betmagnet is the right place for you! Our site will let you easily keep record.
Get Record Keeping In Sports Betting. Easy to apply Get Sports League Is Considering Selling Data For Overseas Betting. Where Can I Order What Does Over 15 Means In Sports Betting. Purchase Sports Betting. Keeping your betting records well organized will also give you a reference database ready for research for your future bets. So, what information should you be tracking? In the case of sports betting tracking, you can make your records as simple or as complex as you want, but all your betting records.
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Betting trends are a hot topic in the world of sports betting. But what is exactly is a betting trend? Should the average sports bettor pay attention to them? The truth is that betting trends are helpful tools for bettors, but only if you’re looking at the right ones.
This brief guide runs through the meaning of ‘betting trends’ as they are commonly understood and explains why you need to take a holistic approach to evaluating them. In particular, we’ll explain the value of team trends, a set of metrics you can easily track using SBD Sharp: the best tool for finding the teams that are worth a wager each season.
What Are Betting Trends?
As it is most commonly understood, the term ‘betting trends’ is synonymous with public money; it refers to the volume of wagers placed on each side of a bet versus the other. In this definition, betting trends evaluate what the public thinks will happen in the course of a given sporting event.
Having this information is certainly useful when it comes time to handicap an upcoming event you hope to wager on. Understanding where the public money falls is crucial if you want to fade the public or chase steam, but it shouldn’t be the only metric you consider when looking for value at your sportsbook.
In fact, there are far more useful trends that every bettor needs to consider.
Focus on Team Trends
Patterns and past performances are very helpful in predicting the outcome of future events. When using trends to inform your betting strategy, you should focus on those related to a team’s historical return on investment.
Oftentimes, what the public thinks doesn’t really matter – the Buffalo Bills might not enjoy widespread public interest or support, but they were the most profitable NFL team to bet on during the 2018 season.
Paying attention to team trends rather than public betting trends will help you find these hidden goldmines.
What Are Team Trends?
Team betting trends evaluate performances in terms that relate directly to betting outcomes. Think: How did the Denver Broncos perform against the spread when playing on the road last season? How many times would I have won taking the over on the Red Sox last season?
You can slice and dice team betting trends many different ways, but the objective is always the same: identifying and analyzing metrics that tell you how much money you would have made betting on a team in the past, under certain conditions. If the conditions in your analysis of a team’s past performance match the conditions of the wager you’re considering, team betting trends can be a very helpful indicator.
It’s easy to think of these conditions in three separate buckets:
Team Betting Trends: Conditions to Consider
| Condition | Variables |
|---|---|
| Location | At Home vs Away |
| Odds | As Favorite vs Underdog |
| Type of Wager | Moneyline, Point Spread, or Totals |
You can choose to include as few or as many of these conditions in your trend analysis as you’d like. For example, if you wanted to evaluate the general betting value of the Miami Dolphins, you might choose to look at their record against the spread all season long.
If you were considering a more specific wager, such as the Dolphins’ chances of covering vs. a stronger Packers squad at Lambeau Field, you’d want to look at the Dolphins’ betting performance when playing on the road, as an underdog, against the spread.
Don’t fret if this all sounds a bit complicated. There’s a tool that can help everyone identify and compare these trends; no research required.
If you want to quickly analyze team betting trends, take a look at SBD Sharp.
How to Use Betting Trends: Pick Teams with SBD Sharp
SBD Sharp has already done the time-consuming work of evaluating the key trends for every team across all major sports. The tool is intended to help you treat sports betting more like sports investing by highlighting trends and tracking changes to each team’s value over time.
You’ll quickly grasp SBD Sharp if you are comfortable with the idea of using a consistent betting unit when you wager. At a high level, the tool shows how much money you would have won or lost betting on a team over the course of a season. The results can be filtered by the conditions outlined in the table above, allowing you to quickly compare the way teams have performed in particular scenarios.
And because the tool focuses on return on investment, it considers how odds affect potential payouts (illustrating why it doesn’t pay off to consistently bet favorites). This helps you quickly identify not only how well each team performs on the scoreboard, but also against your betting card.
Let’s say you simply wanted to figure out which NBA team offered the most value on the moneyline last season:
Clearly the Los Angeles Clippers offered the most value betting on straight-up game outcomes, even though their win-loss record was only 12th best in the league. But these sorts of surprising insights are just one element of what you can accomplish with SBD Sharp. By selecting the Clippers (or any other team from any other league), we can see exactly how they matured as an investment over the course of the season:
Toggling between the options of “home,” “away,” “favorite,” and “underdog” can provide quick visualizations of how each team has performed in specific scenarios. This is helpful when handicapping one game or series that’s similar in nature to past results.
As you can see from the graph above, SBD Sharp also allows you to find one team to consistently bet on all season. If you’re disciplined with your bankroll and want to pick teams like stocks, evaluate their season-long return on investment using the betting trends highlighted in SBD Sharp.
Looking for More Winning Sports Betting Strategies?
Betting trends are just one piece of the puzzle when it comes to creating a comprehensive sports betting strategy that works well for you.
Be sure to explore the rest of the articles in our section covering key strategic considerations for bettors, where you’ll find helpful advice for any sport you want to bet on.
Most importantly, remember to always wager within your limits. Even the sharpest betting trends can’t make up for irresponsible behavior.
Sports betting is similar to the rabbit hole you find yourself in on a random Tuesday night while browsing YouTube. First you play all the old 90's hip-hop jams you grew up with, then you start watching videos about who shot 2Pac and Biggie, then that spirals into some sort of Illuminati videos and so on and so on. The next thing you know it's 4 a.m. and your convinced we are not alone on this planet.
Sports betting is no different. Once you get hooked on the exhilarating ride that is placing a bet, watching the game and rooting for your selection, you are in it for life. The highs and lows of the actual game itself can sometimes be enough to overtake the sheer joy of winning a wager and cashing your ticket. When the picks are winning and the good times are flowing, sports betting can be extremely fun.
However, similar to many things in life, in order to enjoy the benefits and the fun, you must first put in the hard work and show some semblance of dedication to the cause. Sports betting has a very boring side to it that not many causal bettors know about. It's called record-keeping. A successful sports bettor must be brutally honest with himself about whether he is a winning or losing player, and the only way to do so is by tracking each and every single bet that is made. Whether that's a $2 bet on a long shot of 1000/1 or a $1000 bet on a favorite of -1000. Each bet counts the same.
Look at Sports Betting as an Investment
Regardless of if you are betting for fun and entertainment purposes, or if you are taking it more seriously in hopes of turning a profit, it would be foolish of you to throw around your hard-earned money without potentially seeing some sort of return on investment. There are two ways to see a return on your investment. The first is the hard part -- winning bets.
The second way to see any returns is by keeping daily records of your bets. There is no business in the world that does not keep records of daily transactions, expenses, and everything in between. If there is a business like that in the world, chances are it won't stay open for very long.
The whole idea behind keeping records is to help you succeed as a sports bettor. Once you have kept records for a few months or even years, you can look back on them and gain a valuable insight into your betting habits, trends, and win-loss records. Even if you are simply sports betting as a hobby, keeping records will keep track of the one stat that you need to know - your profits or losses.
How to Keep Track of Your Bets
Record keeping can be as simple or as detail oriented as you want it to be. There are several online tools/mobile apps that you can download for free to utilize. The most basic way to keep track of your bets, however, is by hand writing them down in a notebook.
Here is a quick list at how your records might look:
Sports Betting Record Keeping Record
Date: 08/11/18
Sport: MLB
Type of bet: Money Line
Amount wagered: $115 to win $100
Bet: Boston Red Sox -115
Home/road: Home
Outcome: Win - Boston 4. Baltimore 0.
I would advise keeping a separate log for each sport. There are times where you will want to go back and look at your betting history and it will be a lot easier to look through one sport then go line by line and sift through eight different sports. If you decide to forgo the old school pen and notepad (welcome to 2018), I would highly recommend downloading an app or online software that does all the calculations for you.
Pros of Tracking Your Bets
Tracking your bets to find out your bottom line is only half the story. Tracking your bets is helpful because it will allow you to look back at the data you have kept and analyze it to the point where you can learn what works and what doesn't work. Remember, the end game of a betting hobby is to turn a profit over time. This is not a get-rich-quick scheme.
Tracking your bets will also allow you to kick the habit of placing random bets without thinking twice about it. If you are honest enough with yourself and are dedicated to tracking every single wager, you will be hesitant to throw money away on stupid things like the Nathan's Hot Dog Eating contest or a random Japanese baseball game during the midnight hours. Once you look back at your data and see how much money you wasted on events that you have no clue about, you will look foolish and be pissed off that you threw money away aimlessly. Tracking bets keep you honest and it is important if you are serious about becoming a good handicapper.
Sports Betting Record Keeping
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