Memory mainly retains the wins (lesson 3.2). A log retains everything. It is the only way to know how you really bet: how many bets, how many won, at what odds. This lesson gives a log template, and how to read it every 50 bets.
You remember the big wins and the infuriating defeats, not the dozens of ordinary bets. Memory gives a false picture.
Every bet has its line, whether won or lost. Nothing is forgotten, nothing is embellished.
It shows straight away if the stake has drifted, if you are betting more often, or if you are stepping outside your method.
One line per bet, recorded as soon as it is settled.
When, and which match.
On whom, and at exactly what odds.
The odds shown on the Proofset card, to know whether the odds taken were above them (module 5).
The stake in units (lesson 4.1), and the result: won or lost.
Here is a practice log, with fictitious matches and players. Add your own lines to practise: they stay on your screen and disappear when you close the page.
| Date | Match | Bet | Odds taken | Minimum odds | Stake (units) | Result |
|---|
The review updates with each line added.
Bets won ÷ bets placed. On its own, it says little: winning 70 % of bets at very low odds is nothing exceptional.
The average of 1 ÷ odds over the bets placed: what the market gave, margin included. The success rate must exceed it, over time (lesson 2.5).
The share of bets taken at odds at least equal to the Proofset minimum odds: it tells you whether you are following your method.
Record each bet as soon as it is settled, won or lost, even the one you would rather forget.
A notebook, a spreadsheet, a note: it does not matter, as long as all bets, on all sites, are in the same place.
A method cannot be judged on fewer than a few hundred bets (lesson 4.3). A review over 12 bets says nothing.
If you no longer feel like keeping your log, or if you leave out the losses, that is a sign to take seriously (lesson 3.1).
6 questions. You need 5 correct answers to pass the lesson. This is the last lesson of module 4.
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