The Risk Takers Podcast Why Tracking Bets the Right Way Makes You Money & Some Great Q&A | Ep 120
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Sep 10, 2025 Learn why diligent bet tracking is essential for becoming a successful bettor. The hosts explore the links between tracking, performance measurement, and profitability, comparing it to weight management. They delve into innovative tracking methods and the importance of understanding market dynamics. The discussion also touches on the ethical challenges in sports betting, addressing practices like angle shooting. Finally, they share insights on the evolving sports betting landscape, including college football's unique culture and its recent changes.
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Tracking Predicts Winning Habits
- Diligent bet tracking strongly predicts long-term winning behavior.
- Tracking forces discipline and reduces careless bets, similar to tracking food or golf shots.
Maintain Audit-Ready Records
- Keep complete, audit-ready records for taxes and potential audits.
- Treat record-keeping as business hygiene to avoid scrambling if an accountant requests proof.
Log Model Outputs And Actual Bets
- Track both model recommendations and the bets you actually place separately.
- Use the model outputs to gather many data points beyond raw P&L for better evaluation.