Bankroll Management Spreadsheet: Smarter Betting
Do you know how much you’ve won or lost with your bets recently? Are you aware of your total balance across betting sites? Do you want to avoid impulsive betting? If you answered "no" to any of these questions, this page is for you. The ClubSport team has created a bankroll management spreadsheet that tracks gains and losses, assisting with decision-making and financial discipline. We’ll explain how you can use this tool to improve your betting.
What is Bankroll Management in Sports Betting?
Bankroll management in sports betting is a crucial technique for managing your money effectively and reducing the risk of significant losses. Essentially, it means keeping track of and understanding what is happening with your betting finances, even across different platforms. Here are the key points for successfully implementing this management:
- Budget Control: Set a fixed amount to deposit into betting sites each month, avoiding exceeding the set limit.
- Betting Records: Maintain a detailed history of all bets, including results and variations in bankroll, to better understand where you are winning or losing.
- Performance Evaluation: Use the collected data to identify patterns and more successful markets, adjusting your strategies according to performance.
- Bet Variety: Spread your investments across different games and markets to mitigate risks.
- Loss Limits: Set a maximum daily or monthly loss limit to know when to stop betting.
- Discipline and Patience: Stay calm and stick to your strategy, even during periods of consecutive losses.
How the ClubSport Bank Management Spreadsheet Works
Based on the explanation provided, let's move on to the practical part. Below, we have prepared a manual on how to use our spreadsheet:
- Access the spreadsheet on Google Docs through this link. If you are not logged in or do not have a Google account, sign up and log in.
- Now, you can click on "File" and then "Make a copy" to create a copy of the spreadsheet in your Google Drive and be able to edit it.
- First, understand what is in the spreadsheet. There are three informative sections: Current Bankroll, Profit, and Hit Percentage. Do not alter or try to insert values in the informative part, as everything will appear automatically when you fill in your betting data.
- Below, you can see tabs with the months and a tab named "Charts". This is another informative section, where you can view the monthly dynamics of winnings, lost and won bets, average odds, and accuracy percentage.
- In each tab named by month — August, September, etc., you will find columns below the informative section where you can record your bets: date, bookmaker, sport, match, market, and odds. Attention: do not alter anything in the "Profit" column, as it is calculated automatically.
The bank management spreadsheet is initially filled with fictitious data for demonstration purposes. You can alter this data to understand how it works, and then remove everything to start tracking your real bets.
Let's Add a Bet to the Spreadsheet Together
Let's learn to use the spreadsheet with a clear example. Imagine you have just made a deposit of £10 at the Betway bookmaker and want to bet this amount on Bahia to win against Bragantino on September 1st.
- Open the sheet for the corresponding month and check the "Initial Bankroll" section to see the balance transferred from the previous month.
- First, add the deposit to the spreadsheet.
- Next, record the match and bet details.
- Wait for the game result. In this case, Bahia lost 2-1, so select "Loss" in the corresponding result column.
- All information in the informative section will be updated, showing a profit of “-£10”, the count of lost bets, and the “% accuracy”.
- If you think the bet was very close to winning, mark "Yes" in the “Almost Won” column from the dropdown menu. This can be useful for future analysis.
- Continue filling in your bet information this way.
- For a new month, copy the tab, clear the table information (keeping the informative part intact), and start filling it in again. To transfer the remaining balance from the previous month to the new tab, use the formula “=August!A2”, replacing "August" with the name of the previous month’s tab.
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