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Published: Jan. Share on Facebook. Email This Link. Share on Twitter. Share on Pinterest. Share on LinkedIn. The beauty of this is that you can filter the data by any dimension you like. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet. Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:.
Closing line value CLV is a measure of how much better or worse the odds you bet at were compared to where they closed. All you need to do is input the odds you placed your bet at as well as where the odds closed. Still, you will obviously want to see how much money you have made or lost. 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. 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? 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. Maybe you should shift some to DraftKings. Having these metrics available is important, but insights really come from slicing the data by different dimensions.
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?