sports betting formulas in excel

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Sports betting formulas in excel

Market Hold is important because it will help you bet into favorable markets and give you a better chance at profiting long term. Related: Use our vig calculator to figure out the market hold. As you can see below, each sportsbook has slightly different odds for each side.

The best odds for each side are automatically highlighted in green. To calculate market hold, take the best odds for each side, add the implied winning percentages together, and subtract by one. In some scenarios, you are able to find a negative market hold. In this case, you would have an edge on the market. If you were to bet the same amount on each side at the appropriate sportsbook, you would lock in a profit. Alternatively, if you blindly bet into just one side of this market, on average, you could expect to make the equivalent of the market hold.

Without knowing anything about the game or teams, using the odds comparison tool will give you a huge leg up simply by betting the best numbers available. The lower the market hold on the game, the better chance you will have to win long term. The sheet will also update with the live lines for these bet types when available. Live odds are particularly interesting as lines can get really out of wack between sportsbooks, representing an opportunity for you.

Using odds comparison services is an easy way to get an edge. Getting the best possible price is one way to help you win at sports betting long term. For me, once I found the laptop I wanted to buy, I would shop around for the best price. Just a little bit of research would likely save you a lot of money.

The same applies to sports betting odds. The nice part is all of the price comparisons have been done for you, and are automatically updated every minute. What's new New posts New Excel articles Latest activity. New posts. Excel Articles Latest reviews Search Excel articles.

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You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. Odds Formula. Remy Raven New Member. Joined Apr 24, Messages 2. I'm creating a spreadsheet to keep track of my hobby, sports betting. Of course, being a mediocre Excel nerd, I want to automate as much as possible, but now I'm running into a formula issue. I swear I'm so close, but now I need help from the pros. To get to that answer, you divide 5 by 1.

But this isn't perfect and I can't edit the format to round or be currency. PLUS I want to add to this formula overall. I hope this is making sense. I'm stuck. I guess I could try to find the answer on a betting website or something, but I'd rather ask you guys and actually learn how to do it with your help. Some videos you may like. Excel Facts. Click here to reveal answer.


To get to that answer, you divide 5 by 1. But this isn't perfect and I can't edit the format to round or be currency. PLUS I want to add to this formula overall. I hope this is making sense. I'm stuck. I guess I could try to find the answer on a betting website or something, but I'd rather ask you guys and actually learn how to do it with your help. Some videos you may like. Excel Facts. Click here to reveal answer.

Select a range of cells. The total appears in bottom right of Excel screen. Right-click total to add Max, Min, Count, Average. Is this what you're looking for? That looks like it will work. Let's say I make that E2. I don't understand the result you're looking for.

You must log in or register to reply here. Similar threads. Question sports betting hedging formula beat the sports book. ExxcelNoob Sep 23, Excel Questions. Replies 2 Views Sep 24, ExxcelNoob. Solved Gambling compound interest running balance. Replies 5 Views Jan 30, KRice. Question Formula for testing a betting system.

Petermsk Jun 11, Excel Questions. Replies 0 Views Jun 11, Petermsk. Locked Question How to set up an effective formula for testing a betting system Another Matched Betting Profit Tracker alternative from the guys at team profit. You can also bookmark these useful online sports betting calculators by the Action Network. Here are some amazing free sports betting free calcs. How about a charge-free bet tracking app? If you want to go the extra mile when it comes to tracking your action past and present, sports betting excel formulas are the way to go.

Keep on reading the same document all the way through the end, and you also enjoy their Sports Betting For Dummies Cheat Sheet. Give all of these helpful tools a try, and start tracking your results for the best future betting outcomes. Good luck with your favorite Bet Tracker Spreadsheet! Instagram sportzstewbasketball sportzstewcom Twitter sportzstewbetting.

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Top 15 Excel Tutorials. Instant Access! The download link for the file has been sent to the email you provided. If you don't see it, check your spam or promotions folder. Similar Topics. Hello all. I am new to the forum, and it seems like a great place. I am a recreational sports bettor, and recently I have started creating formulas using Excel to help predict outcomes of NBA games. I was curious to see if anyone in here might be involved with something similar.

I also wanted to see if anyone knew of some good resources for learning how to creat complex formulas. Also, I am trying to find out if there are any websites that I couldd use for downloading NBA game and team stats into Excel.

I look forward to any feedback anyone might have on these topics. Formulas Not Calculating! Have To Double Click! Generate A Permutation List no Macros! Right now I have a sports league with 8 teams, I'd like to create a random 7-game schedule where each team plays the other team only once. Essentially this will be a 7-game round robin. However, I'd like to be able to use this for any number of teams and games.

I'd like to do this in Excel, but I can't figure out how to have a randomly generating non-repeating macro with text values in cells. So right now I have a column of 8 values and need matrix of 7 columns by 8 rows next to it. I've found this thread that has one for numbers, but I can't figure out how to do it for text values To me it seems to be unproductive and is simply not needed. I have been using Excel for over 12 years and have never needed to enter any formulas like that.

Does this originate back to a much older version of Excel where it was once needed? Just curious. The file is quite large and the formulas are too. All of a sudden, the formulas stopped working except when I double click in the cell containing the actual formula.

For example, if I enter "2" in each cell, A2 and B2, cell B3 should reflect "4" because there is a formula in cell B3 which totals cells A2 and B2. Only by double clicking on cell B3 will the program actually calculate. I'm totally perplexed and so is my IT contact. Hi, Can someone please help? I've got quite a lot of data that I want to sort by the persons date of birth, but because I have cells with formula in it this works out the persons age the sort function is changing the formulas so the formulas no longer work becuase it changes the cell where it is getting the data from.

Does anyone have any ideas how this could be fixed?? I am trying to do a very simple copy and paste of a simple formula in Excel and nothing seems to be working. Excel will not let me copy and paste a formula and will only paste the value into to workbook. I cannot imagine a simpler copy and paste and no matter what I do I can't make this work. All cells are formatted as general.

It seems that all copy and pasting of formulas in my excel has been disabled. If I open any spreadsheet on my computer, I can't copy and paste formulas, but do the exact same thing on the exact same spreadsheet on any other computer and it works no problem. Any help? I have sheet with rows and each row has formulas based on cells in that row. I would like to have a new row automatically inserted with the formulas updating to reference the cells in the new row.

Let's say I start with 50 rows and after they are filled up, a new row is added automatically? How do I do this? I know how to make it blank, but I don't really want that Thought I'd start this topic since there seem to be a number of topics where the answer seems to be to use one of the above rather than other. Thought I'd kick off with my 2 cents' worth. I have a userform with frames containing textboxes.

The user enters a currency value and once they leave the control, then a protected textbox next to it shows the corresponding value in SEK. I started off using the exit event but ran into 2 problems. If you tabbed out of the last textbox in the frame, the exit event never kicked in this is documented in other topics but took some time to find. This resulted in me using the exit event for all except the last textbox in the frame that used afterupdate instead I then discovered that the exit events didn't kick in if, instead of tabbing out of the field, I deliberately placed focus in a control elsewhere on the form.

Changing the event from exit to afterupdate corrected this. My question then is I am new to Excel and I am creating fillable forms in excel which are protected so that users canonly input data in certain cells. I am using Excel The users told me that they do not want text to go beyond the edge of the page when they are inputting data. They also want the words to wrap when they reach the end of the sentence. Hi guys, Looking for some help and would appreciate your help.

A couple of users keep doing so which in turn knackers my formulas. There will be occasions where I will need to be able to use these functions for maintenance and updates. Ideally I would like have a private marcro which I can run to enable these features as and when needed.

I've been at this all morning and feel like I'm going round in circles. Can anyone help? Thanks in advance. Great tip! But one thing: On my machine Excel Mac , the values in the formula cell are not correctly calculated simply by dragging. Instead, the values are equal to the cell above the first entry formula value. To get the correct value, I need to click in the formula bar and then hit enter. I only discovered this after an hour of tinkering, figuring I had botched the formula!

Are there any ways around this so that it updates upon dragging the formula? The Excel Spreadsheets are comprised of 6 layers. You can toggle between the sheets by clicking on the different tabs situated in the bottom of the page. Tabs marked with green are where you enter your data, while the ones marked with Blue generate your betting stats.

One thing to have in mind while entering data is to be careful and keep the existing data format. Once you have downloaded the spreadsheet, you will find the preset examples that are put there to guide you. After you have learned the ropes of the program, make sure all pre-existing entries are removed so the results may be accurate and respond to your data.

Also, keep in mind not to delete a column or a tab , regardless of whether you are using them or not, since any change might affect the formulas and results. All your betting results originate from the Settings tab, so it is crucial you enter all the necessary data to get the accurate calculations of your winnings. Under the Bets section, you will see what type of bets you are most successful in, for example, single or handicap bets. With this Excel betting spreadsheet, it has never been easier to track how much you win and how much you lose.

The Deposits and Withdrawals tab makes sure miscalculations and overspending are avoided while showing how big your winnings are. It is worth noting that the dollar sign will be added automatically after you have typed in the amount. Available Funds tab shows how much you have in each account and how much credit you have with each of the bookmakers, including bonuses and free bets.

This option gives way for a fast in-play bet without having to waste any time on making deposits or doing anything else. With this being said, you now realize why all data need to be accurately entered if you want to get the right results. In this tab, you will get to monitor your performance by the types of bets you place, or the sports you play, all the while gaining an insight into:.

Now that you have learned about the advantages of this kind of bet tracking, grab your copy of our sports bet tracker and maximize your betting success.