Betting Odds Excel Spreadsheet

[Amaia Novara]

Thereare several approaches to doing this. This figure shows a simplified bet tracker with data from baseball bets in rows 2 through 6. Column B shows the listed odds, column C shows the amount wagered for each bet, and column D shows the betting result.

The output of this worksheet is the recommended bet size amount listed in D7. The formula is simply =D6*D5*D4, which multiplies your bankroll times the Kelly recommended bet proportion, multiplied by the adjustment factor you put into D6.

Australia Sports Betting offers an Excel betting tracker spreadsheet that is free to download. Three versions of the spreadsheet are available: basic, standard and advanced. All three versions are free.

Use of the Betting Tracker Worksheet is conditional upon you reading and accepting the Terms of Use for Australia Sports Betting. Basically, it is a condition of use that you do not rely upon the information and resources provided by this website when placing bets. Please verify everything for yourself. It is also a condition of use that you do not make this spreadsheet, or any variant of it, available elsewhere. If you wish to tell others about this spreadsheet, please share the following URL:

-tracker-excel-worksheet/.

Support can be found at the Excel betting tracker thread in the sports betting forum. Questions can comments can be submitted through the Contact Form. Updates and new regarding the spreadsheet are posted on our Facebook page and Twitter account.

You can follow and copy actual bets made by us through Dabble. To do so, create a Dabble account and download the App. At the bottom of the app, tap Search and then input "AusSportsBetting" as the search term.

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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 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.

In the Bet Log tab, there are separate columns for whichever odds type is your preference. You need to change your Odds Type in the Summary tab to either American or Decimal to have the odds reflect your preference.

The Google Sheets version is available for purchase below. Buying the Google Sheets version also gives you access to the fully unlocked Excel bet tracker, allowing you to customize the spreadsheet to match your needs.

You can add new data only by clicking a single button and you will be provided with a lot of statistics. In their profit tracker spreadsheet, your activity with the matched betting software will be displayed visually.

Think about it! If you are withdrawing more from a bookie (over a longer period) than your total profits with the help of the arbitrage betting finders I mention in this guide, why would you cover the other outcome?

I am Samuel Kovacs the founder and CEO of Sports-Arbitrage.com (formerly known as SportsSmartBetting.com) and I have been a professional sports bettor since 2013. After my Master's degree in Business Management I worked as a data analyst which helped me gaining more experience and success with the following strategies: matched-, arbitrage-, and value betting. Each software and strategy I present and write about was tested or used by me for an extended period.

Analyzing the latest betting lines and vegas odds for NFL games this week combined with pick distribution data can be extremely useful in discovering value picks that may be flying under the radar in your NFL Pick'em pool.

I am occasionally dragged to a casino by other family members (and I do mean dragged; I don't like gambling much) and end up with an objective of looking for ways to lose my money slowly rather than quickly. I don't play cards and can't stand slot machines, but I have stumbled across video Keno machines, which I spend most of my time on. What I like about keno more than slots is that with slots, you are at the mercy of the games random number generator (RNG) to pick the winning/jackpot number/sequence. That is, you can play and play and play and depending on how the machine is programmed to pay out, your odds of hitting the jackpot are entirely dependent on the RNG arriving at the jackpot number. With keno however, there are probably thousands, maybe hundreds of thousands, of "jackpot" numbers/sequences picked on each spin. You just have to have 1 of those sequences in order to win the jackpot. Of course, the more you bet, the bigger the jackpot. And the more numbers that you pick each game (usually you pick anywhere from 3 to 10 numbers), the greater the jackpot.

If you're unfamiliar with keno, the game is played as follows: Typically, there are 80 numbers to pick from (1 - 80). Per game, you can pick anywhere from 3 to 10 numbers. Lets say you decide to play 6 numbers. After picking your numbers, the machine will always draw 20 numbers. If 3 of your numbers "hit", you hit for maybe 3-1 odds. 4 numbers maybe 5-1, 5 numbers around 200-1, and all 6 numbers around 1600-1.

As I said, it just "feels" that your odds are better at Keno than slots because there are jackpot numbers drawn each spin, you just have to have the right ones. With that said however, I'm at a loss as to how to calculate what those odds are. Given my keno playing experience and the fact that I have only hit once in my life (since I was only playing quarters, my "jackpot" was only $400), I suspect that the odds of hitting are pretty long. But, could one of the math experts out there determine what those odds actually are? The factors are: 80 numbers are available, I pick 6 numbers, the machine picks 20. What are the odds of my 6 numbers being among the 20 picked?

Wherever you choose to play the payout schedule overall is geared to provide around a 70% return for live Keno and around 85-90% for Online and Video Keno. This doesn't sem like a big difference but think of it in the inverse terms - the casino's profit. A game that gives you a 95% return means the casino is keeping 5% but a game that is giving you a 70% return then the casino is keeping 30% - 6 times as much! You can download my Keno Odds spreadsheet by right-clicking KenoOdds.xls and selecting "Save target as" to figure out what the casino edge is in your keno game.

It is important not to look at the payout schedules but to actually see how much profit the casino is keep from the money you wager. That's what the following does. I took 2 payout schedules and calculated the casino edge on all the bets and showed it in red. At first glance the 2nd payout schedule looks better because the high-end payouts are much higher but payouts are smaller on the lower end. But the payouts on the small end occur much more frequently and that's where the value of the ticket is most of the time. The 1st payout schedule shows a casino edge of about 7% while the 2nd schedule shows an edge anywhere 21-66%! You will lose your money anywhere from 3-9 times as fast playing the 2nd schedule if you choose to play the game with the big payoffs.

The trick is the odds of hitting a winning combo may or may not be better, but they've adjusted their paytables accordingly. You'd have to find the probability of each payout event, multiply it by the payout amount, and the totals would result in an expected value for the game. An expected value over 100% means you'd make money over time. The further under 100%, the more money you'd lose the longer you played.

A website that I like is called "the wizard of odds". A quick google will find the website w/ that name. He's a math professor in Vegas and provides good analysis of a lot of games. Video poker, depending on the paytable, can sometimes be your best electronic game.

EDIT: hmm, I must be missing some small piece w/ that Excel formula, tried 20 numbers and 1 hit and it gave me a smaller chance than 4 numbers and 1 hit, which doesn't make sense. Oh well, you can play with it. Between the various answers, you're on the right track. (on further thought, it's the odds of "exactly" 1 right, not "more than" 1 right; w/ 20 picks it's likely to have more than 1 right, so now it makes sense to me.)

Spreadsheets are a great way to track your betting progress. As you enter data into a spreadsheet, it will automatically calculate the profits and losses from each bet, which makes it easier to see how your bets are performing over time. This can help you identify when a bet is likely to be successful or not.

This guide will walk through some basic tips for organizing your data in a spreadsheet, entering data correctly into these documents, and using charts to visualize this information so that you can better understand how well (or poorly) your wagers are paying off each week.

Sports betting spreadsheet is an Excel or Google Sheets file that you can use to track your betting progress. You can customize the spreadsheet to suit your needs and use it to calculate ROI (return on investment), analyze your betting strategies, and more.

Written in Excel but also available via Google Sheets, this bet tracker has many charts you can browse once you put your first data in. The process of adding your bets is nicely handled via "Bet Log" tab.

Available via Google Sheets, it seems very complex at first, but after using it for a while, you'll master it fully. The nicest feature is the month-by-month overview and the leagues' column - you can use it to track, for example - the NFL bets you got from our NFL Previews ? ?.

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