Tracking Results

[horsegoer]

Anybody track thier year end wagering results to see if you +/-.

Thinking about doing this. I have no idea if I\'m up or down. I\'d say I\'m down but have hit a few nice $$ triples.

[Fairmount1]

Read Dave Litfin\'s chapter in the book Bet with the Best, specifically pages 133-136.

Read pages 222 to 224 in Six Secrets of Successful Bettors.  

\"I\'d say I\'m down\" or \"I have no idea\" can be dramatically improved with some extra time.

[horsegoer]

Thanks for the response. Expected and would have liked to hear more. Thanks

[Paolo]

If you don\'t track your results, then you are like a guy in FL that owns a boat. You have a hobby that provides you with enough entertainment that the cost is irrelevant and something you would rather not track. However, in racing the IRS doles out W-2G\'s and even withholds for major scores, so you should at least be tracking results to make the appropriate deductions in April. I’d say all major players keep detailed records, whether by hand or through online accounts.

I have an online account that I opened in 2002. It automatically tracks all wagers, and I save them into a spreadsheet at the end of each year. The wagers can be filtered by track and/or type and size of wager. For me, I saw that vertical wagers were consistently outperforming my horizontal wagers. Obviously, I started gearing my larger plays to my strengths. It is well worth the effort even if you have to do it manually.

[Furious Pete]

I use this free tool that I find pretty handy, English version in top right corner: www.spelboken.se

Here you can divide your betting up in every way you want, I only use it to keep track of different racetracks and the day to day-results for each category but it is of course entirely possible to put in the extra work with registering every bet you make into more concrete categories, for better statistics.

[TempletonPeck]

Paolo Wrote:
-------------------------------------------------------
> If you don\'t track your results, then you are like
> a guy in FL that owns a boat. You have a hobby
> that provides you with enough entertainment that
> the cost is irrelevant and something you would
> rather not track. However, in racing the IRS doles
> out W-2G\'s and even withholds for major scores, so
> you should at least be tracking results to make
> the appropriate deductions in April. I’d say all
> major players keep detailed records, whether by
> hand or through online accounts.
>
> I have an online account that I opened in 2002. It
> automatically tracks all wagers, and I save them
> into a spreadsheet at the end of each year. The
> wagers can be filtered by track and/or type and
> size of wager. For me, I saw that vertical wagers
> were consistently outperforming my horizontal
> wagers. Obviously, I started gearing my larger
> plays to my strengths. It is well worth the effort
> even if you have to do it manually.

Can\'t beat the above, nailed everyting IMO.

You need to know if you\'re good at one thing, suck at another, or good at one track, and suck at another, or if you\'re flushing your moms stamp collection one pick 3 at a time, or if you aren\'t actually beating it but you\'re within the margin of error (ie: you\'re losing 2c on the dollar, but you get 5c on the dollar in rebates).

Records keeping is a huge line of demarcation/defining line between those who is and those who ain\'t.