Blackjack Wager Tracker

4/9/2022 admin

Online betting is any type of betting conducted via the Internet. This includes casinos, virtual poker and international sports betting. An increasingly popular type of online betting is Bingo.

There are many different types of online betting. Each has its own benefits and disadvantages. The easiest betting is through the use of point spreads. A points bet (or also known as a range bet) is a type of point betting where the bettor places a specified number of bets on a specified spread – that is, on each point that is possible, on one side of the field – and then tries to get the person with the best overall point total to come out on top.

Track your gambling gains and losses with this Android app. With this app, you can track all the games that you play at the casino or at home. Track any game you play, for example, Texas HoldEm Poker, Pai Gow Poker, Blackjack, Baccarat, Bingo, Caribbean Poker, Craps, Keno, Roulette, Slot Machine, Video Poker, and others. Simple user interface - Track games played - View statistics. Insurance: On average, when the dealer has an ace up, the remaining cards in blackjack will be 30.87% tens (based on a six-deck game), making insurance a bad bet. However, if the probability gets above 33.33%, it becomes a good bet. Counters know when the remaining cards are ten-rich, and make powerful insurance bets at those times.

The other main type of online betting is sportsbooks. Sportsbooks are the online equivalent of conventional bookmakers. The difference is that instead of being owned by a gambling company, sportsbooks are owned by a betting broker. The benefit to using a sportsbook is that the odds provided are almost always in line with what would be expected at a “real” bookie.

With the introduction of these new sports betting platforms, many Internet users have had to make a shift in how they do their sports betting. For example, they no longer have to rely on manually entering the odds and the results themselves. Thanks to the advances in technology there is now an online calculator that can calculate the odds for any given game and provide the users with their results in a matter of seconds.

Poker Stat Definition MOST POPULAR VPIP Voluntarily put in pot (preflop). Any money placed into the pot voluntarily, which does not include the blinds, or folding from the big blind to a raise. PFR Pre-flop Raise. Anytime you make a raise before the flop. 3-Bet Three Bet. Anytime there's a 3rd raise in.
Assuming PERFECT BLACKJACK PLAY, standard rules and a 1-12 bet spread (better rules or pen would have lower risk, worse rules or pen would have higher risk): 200 Units: 40% Risk of Ruin. That means that 4/10 card counters who play this way will be kissing their bankroll goodbye.
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Ever wondered how you are actually doing in sports betting?

Just like tracking your finances can be an eye opening experience (I spent how much at restaurants last month?!), tracking your bets can shed some light on your performance.

Download the free sports bet tracking spreadsheet below to get started (available for both Excel and Google Sheets):

Bet Tracker Spreadsheet: Instant Insights

If you want to measure your performance and see where you are succeeding and failing, you need to track it.

With this free tool, you can see your performance broken down by various dimensions.

Have a great ROI on betting NBA 2nd halves? Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.

How to use the spreadsheet

While the spreadsheet is pretty straightforward, I’d like to walk you through how it works.

How to track sports bets

Everything lives in the “Bet Log” tab. This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate.

In the “Bet Log” tab, blue columns are required while red columns are optional. The more information you input, the more useful the spreadsheet will be.

Entering things like the closing line, while slightly annoying, will also be the most important to your success.

How to analyze performance

Each tab will have different graphs and tables that show your performance. The beauty of this is that you can filter the data by any dimension you like.

Any yellow cell is an “input” cell that can be changed. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.

How to add more leagues and teams

To add new leagues and teams, you will do so in the “REF” tab. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet.

Again, the cells available to modify are in yellow. You can add the following dimensions:

Leagues (ex: WNBA)
Teams (ex: Chicago Sky)
Tags (ex: 2nd half)

Bet Tracker Spreadsheet Metrics

Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:

Closing Line Value

Closing line value (CLV) is a measure of how much better or worse the odds you bet at were compared to where they closed.

If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.

All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the “true” closing line was.

Profit

Profit is about as simple as it gets. Are you making or losing money?

While this is the “bottom line”, surprisingly it isn’t always predictive of long term success. Still, you will obviously want to see how much money you have made or lost.

ROI

This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.

While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.

ROI isn’t as predictive of long term winning as CLV, but is useful to track to see where you stand.

Risk

This one is simple, yet will likely give you insights into where you are putting your money.

If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys? Analyzing your risk by league/team/bet type can give you these types of answers.

Bankroll

Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll.

It is very useful to see, at a glance, where your money lies. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.

Bet Tracker Spreadsheet Dimensions

Having these metrics available is important, but insights really come from slicing the data by different dimensions.

League/Team

Tracking your performance by league or team can give you clues into where your strengths or weaknesses are.

Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet.

Same goes for leagues. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what’s working.

Bet Type

Looking at performance by bet type can also shed some light on your process, especially if it is model driven.

Track your performance by the following bet types:

Spread
Moneyline
Total
Prop
Future

You can also use the “Tag” field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put “2H” (or something similar) in the Tag field and “moneyline” in the bet type field.

Date

A common way to analyze performance is to look at metrics trended over time.