I am a huge fan of record keeping, monitoring performance and setting goals. That’s why spreadsheets are perfect for me when it comes to tracking how well I am doing with wagers. In this article, I’m going to highlight three key reasons why any serious gamble should incorporate spreadsheets into their routines. By the end of this post, you’ll be downloading the latest Excel spreadsheet and creating your own cool tables.

They’re a Great Way to Compare Results

Spreadsheets can be as complex or basic as the user’s needs. You don’t need to be a wizard to use basic functions like auto-sum. By using simply tables to include your results, you can compare month on month or year on year results to see how you’re doing and if you’re improving. You can interpret the results to understand where your strengths and weaknesses are. For instance, if you lose at blackjack but win at sports betting, you can shift your focus to sports betting.

Comparing your results also shows you care about how you’re doing. Let’s face it, anyone who gambles wants to win. Not only this, they want to maximise what they win too. By inputting your results into a spreadsheet, you’ll be staying on top of your bets. It doesn’t matter if you need a spreadsheet for poker, blackjack, sports betting, baccarat or slots, you can use it for any form of gambling.

They Keep You Focused

Another awesome thing about utilising spreadsheets is that it sharpens your focus. Be honest, if you know you’re going to record your wagers, you’re going to make less reckless bets, aren’t you? These are the kind of bets that hurt your overall earnings every month. Guess what? You won’t be doing that as often when you’re tracking every bet you make! That doesn’t mean you need to lay off the accumulator for a tiny amount or anything. I am talking about the crazy wagers that bettors occasionally make that is easy to disregard when nobody knows.

They are Awesome for Bragging

Most gamblers have an ego and like to brag about successful bets. When you use spreadsheets, you’ll have all your best bets recorded. This is a neat perk of using spreadsheets as you can feed your ego and brag to friends about how great your latest bets were.

This may not be as necessary as the two reasons above but for those who gamble for the prestige as well as money, it’s important! Imagine making a bet and winning huge from it. Not only do you have the money from winning, you have documented proof in your spreadsheet that you can show to friends.


There you have it, three reasons why you should be using spreadsheets when gambling. It doesn’t matter if you’re an experienced bettor or just starting out, it’s a great tool to use. By using them regularly, you’ll understand how well you’re doing at any point, you’ll be focused on taking gambling seriously and you’ll potentially have bragging rights to friends and colleagues.

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