Do you keep records of your betting? If you are someone who regularly bets on sports but doesn’t keep records of your betting, then you’re making a huge mistake. Keeping betting records is an essential step you should take as a serious bettor if you wish to increase your profits. This also applies to you even if you’re just betting for fun. Taking note of your betting records is not difficult, but most bettors don’t do it.  All you need to do is make little notes tracking every wager you’ve made in the past.  There are several benefits that come with keeping records of your betting, and in this article, we discuss all of them.  See also: 5 Common Mistakes Bettors Make. 5 Reasons Why You Should Definitely Keep Records Of Your Betting 1. To help you track your wins and losses 2. Access sustainable strategies and systems 3. You’ll identify your betting strengths and weaknesses 4. Record and categorize individual wagers 5. Evaluate your performance better Reasons Why You Should Definitely Keep Records Of Your Betting Although keeping records of your betting can prove useful in a number of ways, there are some bettors who still won’t do it. That being said, there are numerous benefits you could enjoy when you keep records of your betting.  See 5 reasons why you should definitely keep records of your betting below: 1. To Help You Track Your Wins And Losses Most bettors often struggle to remember how many times they won or lost in sports betting. This is especially common amongst recreational bettors. While this doesn’t seem like a big deal, there are some reasons why you should know the number of times you’ve won or lost a wager. One such reason is that you may be losing more money than you think.  Being bled dry by sportsbooks might not be a problem for you if you’re wagering with money you can lose.  But you should still keep track of these numbers so that you ensure you’re not exceeding your betting budget. If your records show that you’re spending more than you budgeted, then it is time to reduce your stakes or the number of bets you place.  Similarly, you may be making more money than you think you are. In this case, you should be more serious with your betting. StakeToys and Bet Tracker are two bet-tracking software you can use to keep records of your betting. 2. Access Sustainable Strategies And Systems Even if you are in sports betting for entertainment rather than to make money, you should always strive to get the best out of your betting experience. Spending money you won’t get back on fun might not seem like a big deal to you, but we guarantee you’ll enjoy placing bets more if you won from them. With that being said, you must find new ways to improve your results and maximize your earnings. A good way to do this is to try out new strategies and systems. Keeping detailed records of your betting is the only trusted method of knowing if your strategies or systems are working for you. 3. You’ll Identify Your Betting Strengths And Weaknesses Sports bettors have never been restricted from wagering on different sports and events or even placing a range of bets.  There is nothing wrong with this betting style. However, if you do this without keeping records of your betting, then you’ll never know which areas you’re strongest or weakest in betting.  No one bettor, no matter how experienced they are, can be an expert in all types of sports. They’ll always be one or two you excel in more than others.  With a record, you can easily identify which sports complement your strengths the most and channel your energy and money toward those ones. Read: 5 Expert Football Betting Tips You Should Never Ignore. 4. Record And Categorize Individual Wagers Keeping simple records of your betting is better than keeping no records at all. But, the amount you spend and what you make back is not all you should keep track of. For a more detailed well-rounded betting record, you should include information like: Selection Odds of selection Stake Result of wager Payout Profit/loss Another thing you should note is that your records don’t have to be sophisticated. A simple spreadsheet can suffice. Every time you place a bet, you enter the details in a fresh row. Categorize your wagers by keeping different spreadsheets for every sport you bet on. One for football, soccer, tennis, etc. Also, add extra information for every wager you place by including extra columns for relevant events or competitions. Additionally, include a column for the type of wager to help you record if it’s a point spread, totals, futures, etc. With these columns, you can track your performance accurately and see which sports you’re getting your best or worst results in.  5. Evaluate Your Performance Better If you’re not just betting on sports for the sake of it, then keeping records of your betting will help you evaluate your performance better. With a record, you’ll know where you stand, how much you lost or won so far, and which wagers to back or ignore.  The knowledge you have will guide you on which steps to take and ensure that you don’t fall into a losing streak. More importantly, your sports betting experience will be more fulfilling. How To Keep Records Of Your Betting If you wager online or with a land-based casino, an easy way to track your profits or losses is to note down the deposits and withdrawals you make with a bookmaker. Although a simple pen and notepad can work, using a spreadsheet is better. And the sheet doesn’t need to be complex. In the spreadsheet you use to keep records of your betting include these fields: Date of the wager Outcome wagered on  Odds Betting site Deposit Withdrawal Results (win or loss) Running total To become a professional bettor who

What are the 5 common mistakes bettors make? Sports betting is one of the most common lucrative leisure activities that require you to make smart decisions in order to place successful wagers. However, since sports betting is based on chance, winning in it is never guaranteed no matter how much of a good bettor you are.  Nevertheless, some bettors often mitigate their chances of winning by making some common betting mistakes like not having a bankroll, chasing losses, and not keeping track of bets.  This article discusses the 5 most common mistakes bettors make that constantly put them in their own way and minimize their chances of backing successful wagers. You can learn this so that you can avoid these errors at your next bet. See also: Two Major Things That Make You Lose In Betting. 5 Common Mistakes Bettors Make 1. Poor Bankroll Management 2. Chasing Losses 3. Betting With Non-Reputable Betting Websites 4. Not Shopping Around For The Best Odds 5. Lack Of A Clear Betting Track Record Common Mistakes Bettors Make These are 5 common mistakes bettors make when placing wagers and how you can work towards avoiding them. Let’s go! 1. Poor Bankroll Management Poor bankroll management is a recurring mistake sports bettors make. Before you even begin betting on sports, you must first learn bankroll management techniques. Knowing how to manage your bankroll is important for both new and experienced bettors, whether you’re betting for sports or entertainment. Learning how to be disciplined with your funds can make them last longer. Another thing you can do is to put in place rules like setting cap limits (the maximum amount you’ll bet in a day) and determining the size of your betting unit (the standard size of your wager). A cap limit can be set daily, weekly, or monthly. The money in your bankroll should be a guide when you’re setting limits. Bet with only your available money so that you don’t run into debt. Define your betting units depending on how much cash you have. Units are also a good way to account for your total wins or losses and track them over time.  Follow strict guidelines when managing your bankroll and do not spend more than you budget. Doing these things will help you manage your betting bankroll more efficiently. 2. Chasing Losses No bettor ever sets out just hoping to lose a bet, which is why when they wager, they do so hoping to win. However, things don’t always pan out, and losing a bet is inevitable.  After a loss, it can be tempting to want to make up for the money you lost by placing a new bet. This is known as chasing a loss and if not stopped earlier, can lead to a dangerous cycle of you always placing bets because you are “supposed” to win back your losses.  This habit is discouraged amongst bettors, although the majority of them still indulge in it. The more you try to gain back lost money, the deeper you dig yourself into a hole of recurring losses. Chasing your losses in severe cases leads to more losses you can’t manage and ultimately to you going into gambling debt. Therefore, rather than betting to cover lost money, instead, come up with betting strategies that can maximize your winning chances. 3. Betting With Non-Reputable Betting Websites Your online sports betting experience is only as safe as the bookmaker you use. And honestly, if you bet with a non-reputable betting website, then you’re just looking for trouble. Gambling with a Prediction Site whose platform isn’t trusted or licensed doesn’t just put your money at risk, but your personal information can also be exposed to unauthorized personnel.  Only use a bookmaker that has a verified gambling license and they should also provide their license number for confirmation.   The betting site must be SSL-secure with a sustainable firewall system that protects your banking information and guarantees your privacy too. See D0’s And Don’ts To Winning In Sports Betting. 4. Not Shopping Around For The Best Odds Different bookmakers provide different odds to bettors and while most times one odd might be slightly higher than another, that tiny difference can give you a higher wager.  It is essential that you shop for odds that different betting websites have on the same bets to ensure that you get the highest winnings available for your selections. You can even go on to open multiple accounts with different bookmakers. No one company can have the best odds in sports betting, so if you want to succeed as a bettor, shop for better odds wherever in the market you can find them. Set your sites on the ones with competitive odds. One good place to start will be with new online betting sites. New bookmakers desperately want to attract more clients, so they always have amazing odds.  By settling for only the best odds, you’ll get a huge amount in payouts every time your bet wins. 5. Lack Of A Clear Betting Track Record Taking a data-driven approach to sports betting can provide you with valuable insights. It is advised that you consistently track the amount of money you deposit in your account. The amount you win, how much you win or lose, the type of sports, markets, and submarkets that you were most or least successful in. That way, you can build a clear roadmap that shows where you are and in what direction you should go with your wagers. Also,  there are betting sites that provide players with statistics relating to user activity so, you might want to use these types of sites too. Strive to take account of every bet you place. Having a clear track record of your bets, helps you determine if you are truly making money on sports betting or not.  You will also get concrete evidence you can refer to, rather than basing your betting career on illusions and assumptions. Sports betting is entertaining and following

How do I make money from football betting? If you’re wondering this, our article provides detailed points on how you can make money betting on football. Football is the world’s most gambled-on sport, pulling in more than $500 billion in wagers, from all over the world. Considering the amount of money bet on football daily, and the fact that bettors have hundreds of Football betting tips at their disposal, making money from this game should be easy, right?  Sadly, that is not the case. There is a tiny fraction of people who actually make money from betting for football. Statistics say that 98% of gamblers lose money to football wagers. Betting markets are excellent at predicting the outcome of a match. However, when there is an opportunity to make money, it is often exploited and then sealed immediately after the markets start to catch up. But, there are a few ways you can make money from betting for football, and some of these ways are risk-free. Meanwhile, check this out: 5 Ways To Make Money Online With Sports Betting. How To Make Money From Football Betting The race between bettors to make money from football betting is fiercely competitive. Everybody wants to be a winner, which means they’ll have to be twice as good and better at picking odds. If you too want to cash out from betting for football, follow the steps we have laid out below: 1. Don’t Bet At The Start Of A Football Season If you want to make money from football betting, ensure that you do not bet at the start of a football season.  Instead, take this time to learn about each team, after they would have played 5 games. This helps you get your analysis straight. 2. Identify Overpriced Betting Markets Most times, odds for every betting market favour the bookmaker but never the bettor.  However, sometimes, an experienced bettor can identify betting markets where the odds favour the bettor and not the bookmaker. These types of bets are rare and are referred to as value bets (bets that were overvalued by the bookie). Consistently placing value bets is a trusted strategy that guarantees long-term earnings. 3. Use Matched Betting Products Using matched betting products is a surefire way to make money from football betting.  What matched betting products do is that they bring together all the free bets and bonuses presently offered by bookmakers, and show you how to set them up to earn money. Since bookmakers operate in a competitive space and are desperate for your patronage, they keep offering you these promos to keep you betting.  And rather than betting your own money, you can utilise these offers to earn risk-free cash weekly.  4. Use Draw Bets The majority of bettors wager on the one-game team, but only a few have the sense to wager on draw games.  The amount deposited for betting on draws is far less than what you would pay for betting in other areas. This is because the market for draw bets is not as high as when you back one side of the game. Please note, experts advise that this strategy can cause you losses in the long run. So, only deploy it after the odds show a draw between two clubs. Or you know the factors in play that could lead to a draw match. An example of a matched betting website you can use is OddsMonkey. Read also: 5 Things To Look Out For When Researching For A Football Bet. 5. Focus On A Particular League Focusing on a specific league is one secret to being a successful bettor. Specialise in a particular league and learn as much as you can about each club in that league. Also, bet on league matches only as often as you can. 6. Keep Track Of Your Progress Tracking your progress is an underrated, yet smart strategy most bettors tend to overlook when betting for football. To put it simply, if you want to make money from football betting, then have a record of all your wagers. This record can contain how many times you’ve won a bet and the number of losses too.  Additionally, a record lets you: Know how much money you’ve won or lost so far. Make informed decisions about future wagers. Get, analyse, and conclude from data. 7. Bet Against The Crowd Herd mentality is one of the reasons why most bettors often forego their own instincts and instead blindly follow pro traders and tipsters. Rather than be like the herd, try to create your own football betting strategy. Although this might be hard at first, you will be grateful you did it in the long run. To get started, go “against the crowd” by betting against the big names and backing the lesser-known teams who are often better. 8. Listen To Experts While you figure out how to create your own betting strategy, you can still listen to football betting experts to get their thoughts on each match.  Betting experts often share their game strategies before a match begins. You can use these tips to get insight into half-time markets, over/under bets, and the total score of both teams. Similarly, using a Football prediction site gives you a preview of how each team will play, their strengths, weaknesses, and any additional information that should influence your bets. 9. Expect Change You could do research for weeks and draw a perfect picture of how a match will turn out, and in the end, a minor change can cause all that hard work to tumble down.  Keep in mind that no matter your analysis of a game, any result is possible. 10. Set A Bankroll A bankroll is the stipulated amount you set aside to fund your bets. Having one ensures that your wagers are adequately funded and you don’t exceed your deposit limit. If you don’t set an amount for your bankroll, you’ll blow through the whole thing in a week. And in