How to keep bid statistics and why is it important? When playing long distances, you can reduce the number of failures and win more often. Keeping records of data is not enough, you need to be able to draw the right conclusions. Below we will answer the main questions.
Why is it important to keep track of your bets?
A professional player usually bets at several bookmakers. Because of this, it is more difficult to calculate income and expenses from betting.
Therefore, it is important to have statistics on all wins and losses in order to vary the size of bets according to the chosen financial strategy.
Keeping statistics allows the player to determine their strengths and weaknesses. To do this, it is important to know not only the total number of bets, but also how many of them were made on specific types of bets and on certain sports.
Such detailed statistics allow the better to understand what type of bets he most often wins.
Focusing on your strengths allows you to minimize losses and exclude unprofitable types of bets and sports from the game.
Accounting for sports betting helps in evaluating new game strategies. Trying a new game tactic in a bookmaker's office, a bettor collects statistics on winnings and losses on a bet.
Over time, statistics can be used to determine the effectiveness of a bidding strategy and to understand whether it is worth using. The number of bets to evaluate the effectiveness of the strategy, each player determines for himself. We recommend making at least 100 bets on a virtual account.
What data to consider when maintaining rate statistics
Consider the total number of bets, the number of types of bets on individual sports disciplines. This allows the bettor to more accurately select sporting events in order to place a bet.
To increase the potential profit, the player can increase the average coefficient of all bets made.
Why is it important to keep track of your bets?
A professional player usually bets at several bookmakers. Because of this, it is more difficult to calculate income and expenses from betting.
Therefore, it is important to have statistics on all wins and losses in order to vary the size of bets according to the chosen financial strategy.
Keeping statistics allows the player to determine their strengths and weaknesses. To do this, it is important to know not only the total number of bets, but also how many of them were made on specific types of bets and on certain sports.
Such detailed statistics allow the better to understand what type of bets he most often wins.
Focusing on your strengths allows you to minimize losses and exclude unprofitable types of bets and sports from the game.
Accounting for sports betting helps in evaluating new game strategies. Trying a new game tactic in a bookmaker's office, a bettor collects statistics on winnings and losses on a bet.
Over time, statistics can be used to determine the effectiveness of a bidding strategy and to understand whether it is worth using. The number of bets to evaluate the effectiveness of the strategy, each player determines for himself. We recommend making at least 100 bets on a virtual account.
What data to consider when maintaining rate statistics
Consider the total number of bets, the number of types of bets on individual sports disciplines. This allows the bettor to more accurately select sporting events in order to place a bet.
To increase the potential profit, the player can increase the average coefficient of all bets made.
Maintaining statistics, which bets and which bookmakers were made, allows you to choose the most popular bookmaker for the player.
That is, the bookmaker, where the highest quotes on the market are often given.
How to keep bid statistics
Some bookmakers have a betting history filter. In it, you can specify the range of the bet size or the value of the coefficient. Sometimes it is possible to sort only winning bets or only losing bets.
But in most cases, the betting history filter is poor and does not even give out the total winnings on bets for a certain period, not to mention other statistics.
You can create a simple table in Excel with fields:
Calculate the percentage of profit, the so-called ROI, using the formula:
ROI = 100 x P / S, where P is the net profit from all bets, S is the amount of bets made.
For example, you made three bets of $1,000 with odds of 1.50. Each of them turned out to be successful.
Then:
Online verifiers for maintaining bet statistics
Some bookmakers have a betting history filter. In it, you can specify the range of the bet size or the value of the coefficient. Sometimes it is possible to sort only winning bets or only losing bets.
But in most cases, the betting history filter is poor and does not even give out the total winnings on bets for a certain period, not to mention other statistics.
You can create a simple table in Excel with fields:
- kind of sport;
- sports event;
- rate type;
- bet amount;
- coefficient;
- bookmaker's office;
- event result;
- payment amount.
Calculate the percentage of profit, the so-called ROI, using the formula:
ROI = 100 x P / S, where P is the net profit from all bets, S is the amount of bets made.
For example, you made three bets of $1,000 with odds of 1.50. Each of them turned out to be successful.
Then:
- P = 1500 dollars: 1000 x 1.50 x 3 - 1000 x 3;
- S = 3000 dollars: 1000 x 3;
- ROI= 50% = 100 x 1500 / 3000.
Online verifiers for maintaining bet statistics
There are quite a few players who use online verifiers to keep track of their betting statistics. They add each bet on special exchanges where records are kept:
- total profit;
- ROI;
- the number of bets of specific types;
Work with some verifiers is possible in fully automatic mode. That is, you choose a sporting event and bet through the exchange. The data on this bet is added to the history of bets on the exchange, and a bet is automatically placed on the event you have chosen in the bookmaker's office. The bet size and other restrictions are pre-specified by the bettor in the settings.