Keeping Track of Qualifying Losses?
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Is it worth keeping track of all qualifying losses to have a much more accurate tracker on my Profits?
Fairly new to all of this so any help would be great.
Thanks
+0June 21, 2018 at 8:40 pm
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New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
I never used to, then started writing every QL/Profit down for 4 months. Found it to be very time consuming and have stopped doing it. I’m pretty good at keeping a tally in my head, but it’s all down to personal preference.
If your fairly new I’d say it was a good idea to begin with just to keep track on what you’re doing, once you get into arbing though the only QLs you’ll be taking is likely to be on bet x to get x which are negligible by that time
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I’ve been doing this a while and I still track every bet!
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I’m a data analyst by trade and insist on the data I have at work being at the most granular level possible…. I don’t however track my bets! (Though I really should, it’s like the old saying, it’s always the plumber that has the leaky tap)
If you track each bet, you can then start to analyse how you’re doing by market/bookie/promotion and have a greater understanding of what the more profitable offers are for you.
+0If you wan’t to track every bet and keep spreadsheets and do analysis get a real job doing something similar.
You’ll make more money with less risk.
Do the offers that most of people on here do, avoid complicated offers from obscure bookies.
+0I log every bet i place on oddsmonkey profit tracker, easiest option for me and still able to use even when i have timeout from premium. Can also then download everything in spreadsheet for analysis
+0Personally I don’t bother unless you’re looking to analyze them, and capturing enough data with it.
It’s a big time drain, and once you’ve been matched betting for a while, you tend not to need to anyway. It was useful at the start when I had a billion accounts and I was still new to it all, but zero need for it now for me.
Since I started match betting I haven’t actually touched any of the money – my bank has just kept building. So I know how much I’ve made, basically. Appreciate if you do touch the money then obviously you’ll have no idea how much you’ve made, so can see tracking being useful then.
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It’s definitely pretty useful to be able to work out the effective odds of something before placing a bet.
Everyone has been there at some point where you end up with a £2 qualifying loss to chase a £10 free bet bet and the odds of you getting the free bet are only 5/1.
I don’t bother recording anything other than my balances and deposits/withdrawals.
James Leg01 – are you a new account for James Legg or is this all just an unlikely coincidence….
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Yep same person – just lost all the details to my old account!
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Multi-accounting can be addictive.
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