For every bettor the ultimate objective when wagering is to obtain some kind of benefit, whether this is purely affective in nature -that is, getting satisfaction from winning- or it is more rational and calculative – that is making profits while winning.
Whatever the reason one likes to bet, the sure thing is that punters need to have control over their strategy ,because it is the only way to improve their chances of beating the house, whether this is a traditional bookmaker or a site offering vedonlyönti netissä. And the only way to have control is through monitoring their betting game and being able to track down potential inefficiencies or problematic areas with the purpose of changing or improving them.
Let’s see why keeping records of sports bet is so critical and how bettors can leverage record keeping for advancing their betting strategy.
First of all, you need to understand that record keeping is necessary for two reasons:
1. Having a clear picture of one’s wins or losses so as to know where one stands. Keeping records can give you instant performance metrics
2. Being able to analyze the strategy, find flaws and weaknesses, identify strengths and ultimately proceed to any improvements or changes if this is deemed necessary
Whether you are a recreational punter or take betting more seriously, you should always have a proper knowledge of your finances in relation to betting. Even if you are not a professional, it is advisable to work within a well-prepared betting plan. Otherwise, you run the risk of spreading your money around unnecessarily, which can lead to non-desirable results involving financial or even personal problems.
How to keep a betting record
There are many ways to keep records of your bets. This can be more easily done by taking input directly from your transactions with bookmakers. Now as for the data entry, you can do it the old, traditional way with a paper and a pencil or you can go with the digital technologies and use an application or a software program, which will give you endless and seamless opportunities for data entry, data processing and data analysis.
It is up to you to decide and this depends largely on the type of person you are. You have to note though, that today with the digitization of everything, you can keep records of your bets simply, quickly and easily.
What kind of data should be included?
Well this is a tricky part, because the kind of data that you will decide to use for your record keeping, are the ones upon which you will eventually draw conclusions regarding your betting strategy! Confused? Let’s clear things out.
Everytime you bet there are certain parameters, aspects, factors and bet features which accompany your choice. From the bookmaker that you use, to the betting market and from the money bet to the specific sport the bet is placed. Of course this small list is not exhaustive, but they are here to give you some idea over the different kinds of information that might be relevant to your strategy.
You should remember that keeping records of your bets will require you to include as much data as possible, because more data means more possibilities of finding patterns and cause-and-effect relationships between these data.
Recording for example the tipsters that you consult for each specific bet (including yourself of course) can give you evidence about a statistically significant relationship between profits and a particular tipster or the other way around. Or keeping records of the championship/league of your bets can make you realize that you tend to win in some promotions over others.
So, ideally you should keep records of every possible detail concerning your bets: from the date of your bet, to the type of bet placed and from the units bet to the final result. Everything in between these adds more value and more sophistication to your betting strategy analysis.
Although this might seem a boring thing to do, you will soon realize that the benefits are huge and if you take the time to do it in the beginning it will soon become more of a routine, which will feel far more easy and quick.
Key takeaway
Regardless of the type of bettor you are and irrespective of whether you want to get a more professional approach to wagering, being able to monitor and control your betting game is imperative.
Without control it is just like throwing away your money with the hope that luck will do its magic and bring them back to you! Always keep records of your bets. Don’t underestimate the power of information and statistical analysis, because everything you need in order to improve your betting strategy is right there in the data!
