Whether you enjoy placing bets on sporting events or you are more drawn to the thrill of slots, as well as having fun along the way you are likely playing to try and win money from your betting activity. While there are no secret methods to guarantee success at betting, approaching your hobby with a business mindset may be able to improve your results.
Many experienced bettors create systems to track their crypto casino performance so that they can identify patterns that enable them to adapt their approach and to manage their betting budget more effectively.
By recording betting data, they might find that specific games or betting types are causing losses, while other types of games and betting types are delivering more success.
Here’s an overview of how you can track your crypto casino performance:
Create a spreadsheet or crypto portfolio tracker
The first step is to set up your system for tracking your betting details, some people use a spreadsheet while a crypto portfolio tracker is also a good solution. Create column titles so that you cover all the important details such as:
- Date
- Game played
- Session time and length
- Starting and ending bankroll
- Bet type
- Stake
- Odds
- Win/loss amount
- Emotional state e.g. chasing losses, tired, calm
Record your data
Now you have your spreadsheet or tracker set up, every time you play you should log all the data. While you won’t want to spend time recording every spin of small-staked slot bet, you should at least capture the data for the session. The more information you gather, the deeper the analysis you’ll be able to perform.
Analyze your data
Set a regular reminder to review your data, depending on how often you play. If you are a regular bettor you might want to do this weekly but if you only play casually, once a month should work. Setting up column filters or sorting the data will help you to analyze specific categories such as type of game, time of session or stake amount to see if there are any patterns that are leading to a higher ratio of losses.
Set objectives
Using the findings from your analysis, set yourself some objectives for the next month, incorporating changes based on avoiding the types of bets, or contributing factors, that were previously less successful. You can also set objectives for your bankroll, such as limiting session spend to 2% of your bankroll, for example.
Optimize bonuses and promotions
To minimize betting deposits or create more chances of winning without spending more, look out for the most valuable bonuses. You can check sites such as https://bitedge.com/ to get an overview of the best crypto casino promos that are being offered, as well as the crypto currencies that are accepted.
Tracking your betting performance might take up a bit of time but it gives you a better idea of how your betting performance is performing and can highlight problem areas that you should avoid repeating.
