Betting history - The first bet
In addition to ‘the basics’ there are three more things, that novice players have to consider and record when they’re tracking their betting history – confidence, motives for placing the bet on that particular outcome and how close to a win or loss they were. When placing a bet, confidence is a key and tracking this factor in the betting history is very important, because it can help the punter adjust his strategy and improve his performance. For example, if a player loses a streak of bets, for which he wasn’t so confident, he might reconsider gambling such bets and focus on ones that bring him profit. On the other end – if a player is placing bets on odds he feels very confident, but in the end he is again on a losing streak, this is a signal for him to rethink his entire betting strategy and the way he chooses his bet selections. You can track confidence in your betting history in two ways – to take notes or to scale it. When we are talking about analyzing betting history, because you will work with a lot of numbers, it might be more comfortable to rate the confidence in a range (for example from 1 to 9).
Don’t forget to be honest to yourself!
For the clarity of the results after analyzing the betting history, every punter has to be honest to himself and should not manipulate the results or his predictions. This might improve your overall performance and stats, but will definitely get in the way of your judgement and will influence all future bets. This is why it is important to be disciplined and track all winning and losing bets in the betting history – it doesn’t matter if it is a well calculated choice or a drunken mistake. If the stakes were placed – count it. This way the punter will have a real view of his betting history and the analysis will be really valuable and most important – correct. The same rule implies when imputing the data in the betting history tracker.
Track the main reason for placing the bet
The second additional variable, that has to be present in the betting history, is the reason why the player chose this outcome and placed his bet. It might be, thanks to a quant model he developed or because he is very confident in the outcome, or he simply has received a tip from a tipster. No matter what the reason is, it is important to include it in the betting history notes and refer back when revaluating his betting approach. This how the punter will always have the information available and in a similar situation can double check his previous predictions and outcomes.
Include how close to a win or loss you were
Adding this information in the betting history gives the punters an overall view of how he performs in how close was he to a win or a loss of a certain event. Let’s explain it. If a player’s strategy brings him winnings of games by large spreads more than 3 or 4 points then this might be something, which the punter should examine and multiply to profit more. But if the betting history of same player shows, that he is losing or winning games by spread of 1 point (where a point may be goal etc.), this might be a strategy that won’t bring so much profit in the long run and therefore should be reanalyzed, changed and tested again. That is relatively unpopular thing to track but sometimes it may appear very useful as helps to evaluate how well is current strategies doing.
Tracking in the betting history the factor – how close to a win or a loss can be difficult in events with drastic changes, that highly influenced the performance of the teams and the outcome of the game. For example, in a soccer game when a player receives a red card, this will definitely change the pace of the game, the formations, line-ups and strategies. Try to stay distant from that and when imputing this variable in the betting history the player should try to determine the variable before the red card. The idea is to get valuable and correct data for your betting history, so based on that you will be able to make better decisions and alterations of your betting strategies.