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For example, let's assume that your favorite basketball team has played 82 games and won 48 of them. Their winning percentage is. If on the other hand, you want to include ties into the whole calculation, the formula gets a bit more complicated. In such a case, you can calculate the percentage in the following way:. For this equation, the number of games is the sum of win, loss, and tie results on the team's record. To get a better understanding of this formula, let's consider the following example: a football team playing in the National Football League has played 16 games in total.
They lost 4 of them and got a tie result in 5. What is their winning percentage? Instead of calculating the win percentage, you should use our odds calculator to determine the chances you have when betting on them. Embed Share via. Number of games. Winning percentage. Advanced mode. Once the data is entered there, all other tabs will automatically populate. 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.
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. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.
This tab holds all of the lookup information for the dropdowns throughout the spreadsheet. Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:. Closing line value CLV is a measure of how much better or worse the odds you bet at were compared to where they closed.
All you need to do is input the odds you placed your bet at as well as where the odds closed. Still, you will obviously want to see how much money you have made or lost. 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.
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? 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. Maybe you should shift some to DraftKings.