If you didn’t, you would have no idea whether or not you were making any money, or how much you were making or possibly reason.
And when the tax man came along demanding his money, you wouldn’t have a clue how much you’re due him.
Not keeping a record of your profits and losses would be absolute lunacy!
And the same applies to betting.
Okay, you might not have the tax man breathing down your neck.
But, if you’re not tracking you’re betting profit and losses you’re doing yourself a great disservice and practically guaranteeing failure to make money.
If you don’t have records, how can you possibly know what’s working for you and what’s not?
And how can you know what parts of your betting needs improving and which systems, tipsters, and selection strategies need ditched?
The short answer is, you can’t know… because you don’t have the information.
I’d advise recording all your bets on a spreadsheet as this will give you the ability to really drill into the results and analyze them.
You can either use Microsoft Excel or a free alternative like Open Office will also do the trick.
Or if you suffer from Luddite tendencies, simply recording your results with a pen and pad is better than nothing as this can help keep yourself accountable to the bets you place.
You’re far less likely to place a daft bet if you know you’re going to have to keep a note of it.
Just find a way that works for you and stick with it.
Until next time,
P.S. If you’re looking for some bets to place so you can start recording them, the tipsters I recommend have got you covered.