Betting Spread Calculator

Ever wondered how you are actually doing in sports betting?

Larger Bet Spreads The only way to increase your expectation is to use a 1-10 unit bet spread, which is sure to get you kicked out of any casino eventually. Still, as long as you can get away with a 1-10 unit spread, you can play with an edge of about 0.57%, or about three and a half times greater than with a 1-5 unit spread. Timeform's bet calculator helps you work out winnings for multiple bets. Combine the bets to calculate the acca and permutation betting totals using the odds you have placed the bets at. Spread betting size calculator — a free tool that lets you calculate the size of the bet in pounds per point to manage your risks accurately. Spread bet size does not depend on the currency pair you trade.

Betting Line Calculator

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.

Betting Spread Calculator Formula

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.

Look at any of the metric/dimension combinations above trended over any time period you’d like.

Horse Betting Calculator Simple Calculator

Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.

Google Sheets Sports Betting Tracker

Sports Betting Spread Calculator

The sports betting tracker is also available on Google Sheets. While the features are the same as the Excel file, Google Sheets has some notable benefits:

• Available/online at all times
• Can enter bets on your phone using the Sheets app
• You don’t need to be at a computer to enter your bets
• Google Sheets auto saves any changes
• Allows multiple users to be in the sheet at the same time and make changes

Betting Spread Calculator 2019

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

Football Betting Spread

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).