Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • jdonks
    Participant
    Post count: 23

    How to Track Matched Betting Profits and Manage  Betting Bank Efficiently

    Hi guys

    Something I find a little confusing is working out profits and maintaining my bank. For example if my back bet wins and I have fulfilled the turnover requirements should I send that money all to betfair. Alternatively if my lay bet wins should I just leave the winnings in betfair or take the profit (as determined by the calculator) out and use it for the next back bet? I seem to go around circles.

    Richard (MBA)
    Keymaster
    Post count: 242

    Hey!

    Yeah keeping track of all the accounts, money and withdrawals can be a bit confusing at times.
    Its important to be organised and have a record of how much you have in your bookies, your Betfair account and bank account. And also how much is pending withdrawals.

    Ideally you want the majority of your cash to be in your bank or in Betfair. And have enough in whatever bookie you are using.
    I like to use a google spreadsheet to keep track of exactly each one of my balances, bank balance and pending withdrawals.

    If you want I can share a sheet with you via email.

    Cheers!

    Steph
    Participant
    Post count: 15

    I would love one as well please Richard!

    Richard (MBA)
    Keymaster
    Post count: 242

    Send me an email Steph!

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.