Do you track closing line value, or ONLY WINS AND LOSSES?

[Sandra_hakeem]

Do you calculate your closing line value, or just judge your bet after the result?

In sports betting, a lot of bettors only check if they won or lost the ticket. But sometimes, the result alone does not really tell if the bet was good. You can make a good bet and still lose, or make a bad bet and still win.

it's something I do all the time. If I lost a bet, I need to understand why. That way, I can improve the odds I pick in my next selection. Anyone who doesn't care is not a constructive gambler imo--- all they want to see is results, but the workings doesn't matter?!

One thing I think serious bettors should track is closing line value. For example, if you bet a team at 2.10 and the line closes at 1.85, maybe you found value before the market corrected. But if you always bet at worse odds than the closing line, maybe your timing or analysis is not really strong.
So for those who track their bets, do you also check if you beat the closing line?
Or do you only look at win/loss record and profit, without checking if your bets were actually +EV long term?

Checking only for expecting value in a long term is like not even checking at all. How do you select an accumulator bet from like odds that you've seen before, when you don't know how to pair them up? Live tracking is important in some cases for me, especially now that FIFA world cup games are fast approaching.

[Pipswizard]

Do you calculate your closing line value, or just judge your bet after the result?

In sports betting, a lot of bettors only check if they won or lost the ticket. But sometimes, the result alone does not really tell if the bet was good. You can make a good bet and still lose, or make a bad bet and still win.

It does not matter what the lines are at any point in the game, as long as the bet end in a loss, you have lost your money. On the other hand, if the game end in a winning, you will smile and congratulate yourself for a job well done. That is to say, the winning is what matters and where a loss happens, the bettor will just look at the major thing that caused the loss, accept it and move on. I have not figured out what use knowing the closing line will be, unless you can help tell use what such information can be used for.

I think the confusion here is that CLV is not about changing the result of your bet, but about measuring the quality of your decision before the result happens. If you bet a team at 2.10 and the line closes at 1.60, the market moved against your pick.

Meaning the majority of informed money disagreed with you. If this keeps happening consistently, it means your analysis is probably weak regardless of whether you win short term. CLV basically answers one question: are you consistently finding value, or just getting lucky? Wins and losses alone cannot answer that question over a small sample

[DPHOR]

Before people goes into gambling they also like having to take the bold steps and to whatever that is concerning for them to lose is not that really encouraging to the gambling site, So as a gambler you should first accept the risk associated to gambling before you could want to bet any amount you are looking at.
I know that vast majority of people are just gambling to increase their earnings or see it as a side hustle where they makes additional income themselves. As a gambler, there are two things possible, which is either for you to lose or win, so anybody who already had this knowledge would never panicked while gambling.

[Wakate]

Before people goes into gambling they also like having to take the bold steps and to whatever that is concerning for them to lose is not that really encouraging to the gambling site, So as a gambler you should first accept the risk associated to gambling before you could want to bet any amount you are looking at.
I know that vast majority of people are just gambling to increase their earnings or see it as a side hustle where they makes additional income themselves. As a gambler, there are two things possible, which is either for you to lose or win, so anybody who already had this knowledge would never panicked while gambling.

Gambling is no play at all and that is why we need to be focus and serious about it.
You can not eat your cake and have it which is why we need to be focused and use good statistics that will increase our chances of making profits from gambling. there are so many things we can do to increase the chances of making profits.

[sompitonov]

Gambling is no play at all and that is why we need to be focus and serious about it.
You can not eat your cake and have it which is why we need to be focused and use good statistics that will increase our chances of making profits from gambling. there are so many things we can do to increase the chances of making profits.

In reality, each player decides for themselves whether to play seriously or just for fun and relaxation, for example, at the end of the work week. I personally play and try to win, because I'm constantly working on developing a strategy and not exceeding the loss limit for gaming sessions. But I'm not at all opposed to players who relax in the game and don't stress; they come to experience the thrill and wild emotions of the swings of losses and wins. They may not even think about how much they've lost or won at the end of a month or year, but I try to keep a close eye on this, and so far, despite my efforts, I've lost more.

[rachael9385]

Gambling is no play at all and that is why we need to be focus and serious about it.
You can not eat your cake and have it which is why we need to be focused and use good statistics that will increase our chances of making profits from gambling. there are so many things we can do to increase the chances of making profits.

You can take measures to increase your chances of winning but there are no guarantees of making profits when it comes to gambling. Doing stats and other things doesn't mean that you are actually going to make profits, at the end of the day it all boils down to getting lucky, at the end of the day anything can still happen that's why it's gambling.

[Orpichukwu]

As for me, as the Op said I only checked the outcome of the results and left and once I loss the bet (the team that I am supporting loss the match), there is nothing for me to go and track any bet again and I will walk away. You have loss, and check the track record will not guaranteed you to win the next bet. At that time men are angry.

As for me, I always see this extra tax of tracking the game value and other things as something someone who takes gambling as something serious and considers themselves professional, or I will say those people are actively seeking means to increase their winning, as they believe there is a chance for them to get it right next time if they can accurately track all of that.

[AmoreJaz]

As for me, as the Op said I only checked the outcome of the results and left and once I loss the bet (the team that I am supporting loss the match), there is nothing for me to go and track any bet again and I will walk away. You have loss, and check the track record will not guaranteed you to win the next bet. At that time men are angry.

As for me, I always see this extra tax of tracking the game value and other things as something someone who takes gambling as something serious and considers themselves professional, or I will say those people are actively seeking means to increase their winning, as they believe there is a chance for them to get it right next time if they can accurately track all of that.

And in addition to that, for sure they have a lot of time to monitor such changes. Because keeping up with that will require you time. So if you don't have much time but still want to bet on your favorite sports, your worry is only about the results not the closing line value or whatnot. But if you have the time and you can do more in terms of analyzing the game, I believe, it can help the next time you bet. Maybe you can pick a thing or two for your strategies in that manner.

Tracking the game will require you quite a lot of time, and so this is only for bettors who want to have higher chances of winning the next time around or is really being a fanatic of the sports, hence, can allocate good amount of time in this sports.

[o48o]

Not checking anything. Time is money and all the additional work for any betting is diminishing the value i get from it in my eyes.

I am not even interested to immediately go and see if i won or not. That only applies to events i really care about, and even with those, my bets are just minor interests.
Following the event itself is way more interesting if i care about it, stats are irrelevant. At least to me.

[junder]

I never track anything in terms of gambling, when I lose I accept it and when I win I accept it too and make the best of it that's what I do.
 
I don't think badly of those who like to keep track of things in gambling because that is their right and I think those who like to keep track of things in gambling have their own reasons, like for example someone who likes to keep track of his betting history maybe he compares the amount of losses and profits he experienced.

[shawonngp]

Do you calculate your closing line value, or just judge your bet after the result?

In sports betting, a lot of bettors only check if they won or lost the ticket. But sometimes, the result alone does not really tell if the bet was good. You can make a good bet and still lose, or make a bad bet and still win.

One thing I think serious bettors should track is closing line value. For example, if you bet a team at 2.10 and the line closes at 1.85, maybe you found value before the market corrected. But if you always bet at worse odds than the closing line, maybe your timing or analysis is not really strong.

So for those who track their bets, do you also check if you beat the closing line?

Or do you only look at win/loss record and profit, without checking if your bets were actually +EV long term?

Actually, most of the time I check the win or loss track record and judge them, I don't care about the closing line value because I bet a very small amount, so that even if I lose, I don't have any regret. I believe in responsible gambling, so my gambling budget is low and fixed. Yeah, sometimes even after we make good bets we lose, and sometimes we win with bad bets. Even if we make good bets, there is not 100% chance of winning, because winning in betting depends on luck. If you are lucky, then you will win even if you make a bet blindly. I am not a very serious bettor, so I keep track of my win or loss record most of the time because if I win, I enjoy it, and if I lose, it's okay.

[joeperry]

...

You can take measures to increase your chances of winning but there are no guarantees of making profits when it comes to gambling. Doing stats and other things doesn't mean that you are actually going to make profits, at the end of the day it all boils down to getting lucky, at the end of the day anything can still happen that's why it's gambling.

Taking measure won't actually increase your chances of winning but would help you survive in long term and it's actually important in gambling. Doing research and comparing stats would definitely help you give insight on what would be the possibility the result of the match but just like what you've said it is not guaranteed that it will happen. Just like also in trading, there's a lot of strategy and data available but the market is and will always be unpredictable just like the result of the games we're playing in gambling platforms.

[Onebaku]

Tracking CLV is the only real way to prove your model is +EV long-term. Pure win/loss tracking is just variance masking the truth.
The main problem for sharp bettors is that consistently beating the closing line on traditional fiat sportsbooks usually gets your account limited or your funds trapped in endless KYC loops.
That’s exactly why multichain Web3 architecture makes more sense. You still face standard risk management and arbitrage limits everywhere, but playing on platforms with simple email login and automated smart-contract payouts (like sportbet.one or similar options) guarantees you won't get hit with manual KYC checks just because your strategy is actually profitable.

[michellee]

I don't track the win or loss, that could makes me to recovers the losses or winning more in other gambling games. I let it like that and just check my balance, how much money I still have but I stop gambling after playing some games and closed the browser.

I am not too understand how to track the the closing line value and just see what the result is. If I loss, I consider that I am not lucky and vice versa. Only by that, I can leaving gambling without thinking much and I can return in other time.

[WhoYouCantKill]

Checking only for expecting value in a long term is like not even checking at all. How do you select an accumulator bet from like odds that you've seen before, when you don't know how to pair them up? Live tracking is important in some cases for me, especially now that FIFA world cup games are fast approaching.

It depends on people, there are some that likes to track down their wins or loss when the game or the match its over, not because they can't but, because some feel they might get emotional and rebet the game again and it starts like this before one can becoming addicted to the game, especially if they are struggling with controlling their minds. And there are some that also track their games and are ready for any results that will come therein, as they won't panic or react anyhow.

[ChocolateBitcoinK]

As for me, as the Op said I only checked the outcome of the results and left and once I loss the bet (the team that I am supporting loss the match), there is nothing for me to go and track any bet again and I will walk away. You have loss, and check the track record will not guaranteed you to win the next bet. At that time men are angry.

As for me, I always see this extra tax of tracking the game value and other things as something someone who takes gambling as something serious and considers themselves professional, or I will say those people are actively seeking means to increase their winning, as they believe there is a chance for them to get it right next time if they can accurately track all of that.

But I don't think that's possible, every outcome of gambling is unpredictable and random, you can lose all the time, and you can win a lot. But I don't think that can ever be tracked, the games are run according to the casino's algorithm, so I don't think that can ever be tracked. Trying to track the win is just a futile effort, the gambler will think that he can win now, but he can actually lose.

[Wakate]

As for me, as the Op said I only checked the outcome of the results and left and once I loss the bet (the team that I am supporting loss the match), there is nothing for me to go and track any bet again and I will walk away. You have loss, and check the track record will not guaranteed you to win the next bet. At that time men are angry.

As for me, I always see this extra tax of tracking the game value and other things as something someone who takes gambling as something serious and considers themselves professional, or I will say those people are actively seeking means to increase their winning, as they believe there is a chance for them to get it right next time if they can accurately track all of that.

Every gamblers that are using their money to gamble always have that mindset that they are going to make profits which they don't care about what the outcome will looks like. Any strategy that is used in gambling by a player  can be profitable and it doesn't necessarilyesns that we all have to focus on one side of gambling where their are different strategies to use.

[Myleschetty]

I never track anything in terms of gambling, when I lose I accept it and when I win I accept it too and make the best of it that's what I do.
 
I don't think badly of those who like to keep track of things in gambling because that is their right and I think those who like to keep track of things in gambling have their own reasons, like for example someone who likes to keep track of his betting history maybe he compares the amount of losses and profits he experienced.

By keeping track of the closing line value, you can still get the most out of your gambling because it will help you make wise decisions about the game and maximize all of the opportunities that you won't be aware of if you don't. The right to carry out your setup is not included, and it is similar to trading on the financial market.
It is just like trading the financial market, and you don't include the right to execute your setup.

[r_victory]

I only look at the outcome. For me, there's no such thing as making a good bet and losing; you either win or you lose. What would a bad bet be when you've won? Regardless of the odds, if you win, the risk was worth it. For a gambler, what matters is winning, right?

[EluguHcman]

I do not keep track of losses and wins, because I have the impression that leads to chasing losses and eventually to more losses, but I guess keeping track of those odd variations at the end of the matches actually can help one to evaluate how much of a good bettor one is, specially since so many people assume there is a direct correlation between consistency and finding value in betting markets.

I consider keeping records of my losses as a means to evaluate how much I have lot at some points and at the summary I am wondering to focus on recovering them back after realizing the huge sum it is totalled.
I tried it for some times and as I keep on tracking the records I find out I was loosing more instead and the good times I usually derive from my bets was like ruining. Then I found it is a package of nonsense to tracking looses in gambling as it would turn very unhealthy.

If I can manage my bankroll effectively my past experiences whether wins or looses becomes a bygone and goes on the trash.