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Betting Articles

The advantages of betting with Intertops
Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
Why I love American roulette
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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Reasons to Keep Betting Records

If you bet on sports regularly and are not keeping records of the wagers you place, you're making a mistake. Keeping betting records is very important if you want to maximize your profits, which is why it's something that pretty much every serious bettor does. It's still a good idea even if you just bet mostly for fun, but in our experience many recreational bettors fail to do it.

If this sounds like you, please read on. Keeping records is not at all difficult to do; you just need to make some brief notes every time you place a wager. This is well worth doing, as spending this little bit of extra time comes with a number of benefits. We discuss the biggest of these benefits below, and also provide some advice for keeping accurate and helpful records.

Track Your Winnings/Losses

It's probably fair to say that a lot of bettors don't really know how much they are winning or losing with any degree of accuracy. This is especially true for those who just bet for recreational purposes. You might not think it matters too much, but there are reasons why you should know this information.

First, you might be losing more than you think. It's not uncommon for bettors to remember the times they win, and forget the times they lose. Losing money is not necessarily a problem if you're gambling with money you can afford to lose, and getting some entertainment in return, but you should still keep track of the numbers involved. It's possible you are actually spending more than you really want to, in which case it could be time to reduce your stakes or the number of wagers you place.

Of course, it's also perfectly possible that you are winning money. You might even be winning more money than you think. In this case, it may be time to start taking your betting more seriously. If you are already turning a consistent profit, imagine what you could achieve if you really put the effort in. By dedicating a bit more time to your betting, you may be able to make a very good income.

If you're winning money, then there might be tax implications too. This depends on the rules relating to taxing gambling winnings where you live, but if you're potentially liable for tax then it's vital that you have accurate records.

Find Your Strengths & Weaknesses

Many recreational bettors bet on a range of different sports, and a range of different events. They also tend to place several different types of wagers. There is absolutely nothing wrong with this approach, but if you're not keeping records of your betting then you probably have no idea where your strengths and weaknesses lie.

It's quite possible that you do very well on one or two particular sports, for example, but not so well on the others. It might be that you have success when placing point spread bets, but tend to lose when betting on totals. It really helps if you know this information, as identifying your strengths and weaknesses enables you to do two things that may improve your overall results.

First, you can start to focus primarily on the areas where you are strong. If you concentrate your efforts on betting on the sports you have some success with, and stop betting on the sports you don't, you should see an increase in profits. At the very least, you should hopefully reduce your losses.

Alternatively, you can put some effort into analyzing where you're going wrong in the areas you are weak. If you're not doing well with your tennis wagers, for example, you can look through your results for those wagers and try and see what mistakes you're making. This is not necessarily easy to do, but if you spend some time on it you might be able to highlight what's going wrong. You have a better chance of doing this if you include a lot of information in your records, which is something we discuss later in this article.

Assess New Strategies & Systems

Even if you view sports betting as a form of entertainment rather than as a way to make money, you would surely still prefer to get the best results possible. You might not mind losing money, but you would probably get even more enjoyment if you won instead. As such, you should always be looking to improve your results in any way you can.

One way to do this is to test out new strategies and systems. For this to be effective, though, you have to keep records of how they do. This is the only way you will know if a strategy or system is working for you. If you get good results from a new strategy, then obviously you want to continue with it. If you don't, then you need to either give up on the strategy or look for possible adjustments to it. Again, this is easier to do if you include plenty of information in your records.

Advice for Keeping Useful Betting Records

As we've already mentioned, keeping betting records is not difficult. You need to make sure your records are accurate though, and you want to make them as useful as possible. As an absolute minimum, you should record the following information for each and every wager you place.

  • Selection
  • Stake
  • Odds
  • Result (won/lost/push)
  • Return if won

The easiest way to do this is to use software such as Microsoft Excel to create a spreadsheet where you can add all this information. If you set up columns for each of the above items, you then just need to add the relevant details whenever you place a wager. This will be enough to ensure that you keep basic and accurate records of your betting activity.

Ideally you want to go a little bit further though. You could also add the following columns to your spreadsheet.

  • Sport
  • Event/Competition/League
  • Type of Bet
  • Reasons for Betting

This way you can sort your wagers by category, which makes it much easier to see where you're getting the best results. For example, you'll be able to quickly look at all of your wagers on a particular sport, or of a particular type. This is very helpful for analyzing where you win or lose the most.

By recording your reasons for betting, you can really get into some detailed analysis. This is perhaps something you don't want to do as a recreational bettor, as it can be time consuming. However, you will find it a great help if you're serious about wanting to be successful. By analyzing your results based on your reasons for betting, you will get a much clearer idea of what you're doing right and where you're going wrong. This in turn will enable you to develop and adjust betting strategies which work for you.