Keeping Football Betting Records
| Updated: 
Have you ever asked yourself how much money you have gained or lost during your football betting sessions? In fact, are you even aware whether you have made a profit so far or are running at a loss? You might be surprised to learn that, for the most part, soccer bettors cannot answer these questions, or at least cannot provide accurate figures.
Still, this might not be much of an issue if you are a recreational bettor who wagers only for fun. If your aim is to earn serious cash, however, keeping football betting records is crucial. Thus, soccer bettors can gain a better idea of their overall performance and, at the same time, curb their expenses if they are prone to overspending. Although keeping records might seem like a waste of time at first, the opposite is true because it helps you identify which aspects of your betting need improvement.
Best Rated Bookmakers for United States-
Claim
$1000
Match Bonus9.718+ New customers only. 100% match bonus up to $1000. Min deposit $50. 10x rollover requirement. Promocode: MYB100 -
Claim
$250
Match Bonus9.4Join Bovada, make your first deposit and instantly receive a 50% Sports Welcome Bonus up to $250. -
Claim
$500
Match Bonus9.3Get a 100% Bonus, up to $500, to wager in the Xbet Sportsbook when you sign up and fund your new account with minimum of $45. Be sure to use promocode XB100 to claim this offer on your first deposit. 7x rollover requirement prior withdrawal. -
Claim
$200
Match Bonus9.2The bonus and the deposit need to be rolled over 4x at min. odds of -200 (1.5) before a payout is possible Max. $200 of every bet count towards the rollover. -
Claim
$150
Match Bonus9.1Get a 150% Bonus, up to $150, to wager in the BetUSR Sportsbook. Deposit minimum $100 and wager at least $500 within 30 days of registerening your account and you will automatically qualify for $150 CASH BONUS with just 1x wagering requirement.
The Significance of Keeping Football Betting Records
One of the best ways to show that you take soccer betting seriously is to ensure that you have a clear idea of whether you are up or down. Whether you see soccer betting as entertainment or as a way to earn serious cash, you should do everything possible to achieve good results.
There is no doubt that keeping betting records is a key step in this direction. Without a clear idea of how much money you started with, how much you have lost, and whether you have made a profit, you cannot make the right decisions.
Therefore, if you want to make sure your bankroll and betting sessions last longer, you should track all your losses, wins, and stakes. Afterward, take time to analyze the information you have collected so you can draw meaningful conclusions. By keeping track of your soccer betting and then analyzing the data, you will discover what works best for you. In addition, bettors will find it much easier to decide which tournaments and teams to back.
You have probably already realized that football betting is not simple. Achieving long-term success requires time and effort. If your goal is to become a skilled football bettor, you must identify your leaks by examining previous bets and addressing any issues you find.
What Does Keeping a Football Betting Record Involve
If you are committed to keeping football betting records, there are several things to bear in mind. First, recognize that you need to track specific information. Once you have decided on a stake you think will win, it is advisable to write down essential details such as the type of bet, the odds, and the team you have backed.
For the bet type, note whether you placed an accumulator, a proposition bet, or a wager on the total number of goals, for example. Also record how much money you staked, whether the bet won or lost, and the date of the match. Other important details include the payout and the resulting profit or loss.
Even if this seems unnecessary now, the opposite is true. Without clear records, it will be much harder to draw conclusions or identify trends. If you fail to record which team you bet on, you cannot spot trends such as whether it performs better at home or away. Recording the exact amount staked is the only way to know whether you have made a profit.
Using a spreadsheet is one of the best ways to organize this information and retrieve it easily. Assign a column to each of the details mentioned above. Each time you place a new bet, simply fill in every column. This takes only a couple of minutes and saves you hours of calculations later.
Pay special attention to the field reserved for bet types. If soccer is not the only sport you bet on, prepare a separate spreadsheet for each sport. Bettors intent on keeping football records should also break down their wagers by competition. For example, note whether the bet was on the World Cup, the UEFA Champions League, the FIFA Confederations Cup, and so on.
This helps bettors stay aware of their strengths and weaknesses. If you experience more losses, that should be a red flag that you need to study more or change your approach. In any case, proper records will positively affect your overall performance.
Keeping Advanced Football Betting Records
Bettors who want to take their sports betting to the next level should track additional information. Once you have set your goals, you need the right path to accomplish them. To improve your results, consider adding a few more items to your spreadsheet.
First, describe how confident you were in the choice you made. You should also note why you chose that particular bet type. List potential reasons the bet might lose. Finally, record the factors and statistics you considered when deciding on the stake.
Doing so makes later analysis much easier. Suppose you have placed several parlay and moneyline bets over the past few months. Most of your moneyline bets have done well, while your parlays have not. A quick glance at your spreadsheet can reveal why. Once you identify the trend behind your decisions, you can make better choices.
Remember that sample size matters. Many bettors overvalue information based on too small a sample. To gain better insight, review your football betting records once a month. That does not mean you should ignore earlier data; keep reviewing it as well.
Bettors should remain patient, because improvement can take time. Finding and fixing your mistakes can be challenging. Do not get discouraged if results are not obvious right away.
Analyzing Your Football Betting Records
Now that you know what to record, you need to learn how to analyze the data. You should go the extra mile to draw conclusions that will lead to better results.
As stated, sample size is crucial. Make sure your sample is large enough to gain a clear picture of your strengths and weaknesses. If your number of bets is too small, you cannot draw reliable conclusions, and improvement will be difficult. Place enough bets so you can detect meaningful trends. Crucially, your sample should include soccer bets only. Using too many different bet types can also hinder effective analysis.
How you evaluate your achievements matters as well. Remember, the purpose of your records is not simply to label you a successful or unsuccessful gambler. Many bettors mistakenly think records only exist to show whether they made more correct than incorrect selections. Instead, focus on whether your skills need improvement and on how much money you have actually made.
Beginners can calculate their return by dividing net profit by the total amount wagered on soccer. Multiply the result by 100 to convert it to a percentage. This is the simplest way to express your success mathematically.
Also analyze your results by bet type. This helps you see why some bets win and others lose. Once you spot a trend, determine the reason behind it.
Trends can be positive or negative. Whether the trend is positive or negative, use it to inform your decisions. If you identify areas where you excel, stick with that approach or even place more similar bets. Likewise, if you find areas where you struggle, determine why. Once you locate a leak, fix it. This is the surest path to success.