Among the main characteristics caused by the understanding of normal and continuous sports bets is that you are your own boss. Thus, in addition to having the capability to enjoy an ample array of advantages and simplicity, a number of requirements should be added that become indispensable if we wish to be successful in betting tips.

One of these simple obligations is, without a doubt, keeping dependable sales records and a rigorous. Despite of how heavy and monotonous it can become to account fully for all of our bets, as much maintaining a record of our predictions like we do with the predictions of those we normally follow, this task can be one of the most useful tools when discussing analysis of strengths and weaknesses and the improvement of results.

We don't need powerful statistical programs to keep an accounting report of sports bets, but only an Excel spreadsheet, which we can personalize to our liking. Excel has a large number of functions and formulas that we can use relative to the time and knowledge we have.

Nonetheless, you will find a number of guidelines and standard advice for when we build our accounting sheet:

-Basic Columns: There are a group of standard fields that I do not suggest you abandon, since they can be invaluable when breaking down research, which we can highlight:

Time of occasion, Game, Prediction, Odds, Stake, Result (if the bet was won or lost), G/P Stake, Amount Betted, G/P Amount Betted, Tipster, Sport, Competition, and Segmented Odds. Clearly these areas are simply an idea and in practice, you must include those variables that you find useful, and eliminate those that you deem useless.

-Establishing Filters: The applying of filters lets us choose the statistics of a tipster or a determined group of tipsters. Additionally, we can study and choose the alternatives of a determined sport or competition, completed bets during a selected period of time, etc.

-Make regular evaluations: It is extremely important to make these evaluations at least every 8 weeks. Regular is recommended. I think, between 600 and 1300 annual bets is definitely an adequate amount of bets if you like to concentrate your path on sports betting in a professional or semi-professional way. Evaluating month to month our journey through the world of gambling can be very of use in determining possible errors we're creating or determine the influence of chance, since a very simple error isn't considering it with perception, focusing on the short-term.

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-Assessing all accomplished bets: Another common mistake among gamblers, in beginners up to authorities, is make bets beyond our chosen process and that we make only because we have a hunch. These odds comparison, like the rest, must be documented and assessed for post-analysis. We will be needing to remove them from our conduct, if when we have sufficient samples these bets are not profitable.

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    August 2013