Lessons

  • Tracking Your Profit

  • Terminology

    Key terms used in the Tracker

  • Dashboard

    An introduction to the Tracker dashboard

  • Entries, Bets & Balances

    How to view your entries, bets and balances

  • Viewing an Entry

    Interpreting the fields comprising a Tracker entry

  • Examples

  • Qualifying Bets

    How to record qualifying bets

  • Value Bets

    How to record value bets

  • Arbitrage Betting

    How to record arbitrage bets

  • Scratchpad

  • Sidebar

    Using the Scratchpad sidebar

  • Sustainability

  • Bookmakers Cheat

    This isn't a fair game!

  • Simple Sustainability

    Easy ways to protect your accounts

  • Blending In

    Placing mug bets

  • Extended Sustainability

    Long-term strategies to protect your accounts

  • Monitoring your Sustainability

    Using Tracker to watch your sustainability

  • Next

  • Profiting from Racing

    Making serious profits from horse racing

Qualifying Bets

How to record qualifying bets

Qualifying bets are the bets you place with your own money in the hopes of qualifying for a promotion.

Example - Placing a Qualifying Bet

You place a $50 back bet on Team A at odds of 2.0 using your own cash. This bet is intended to qualify you for a bonus bet promotion.

When recording this qualifying bet in the tracker, you would enter the following details:

  • Stake: $50
  • Promo Attached: Yes (indicating that this bet is linked to a promotion)

Legs

  • Team A at odds of 2.0

Example - Bonus Bet Received

After placing the qualifying bet, you receive a $50 bonus bet from the bookmaker as part of the promotion.

Recall the entry you made for the qualifying bet. In the same entry, you would now add a new balance change to record the bonus bet received:

  • Balance Type: Bonus
  • Amount: $50

After selecting the bookmaker, the balance change will automatically update the expiry date based on the bookmaker's terms for bonus bets. If we get it wrong, you can manually adjust it.

This way, the tracker accurately reflects both the qualifying bet you placed and the bonus bet you received as a result of that promotion.

Example - Using the Bonus Bet

You'll want to convert that bonus bet into real cash. Let's assume you do this by using the back & lay strategy covered earlier. You identify a following suitable bet combination involving backing Team B at odds of 8.0 with your bonus bet and laying Team B on the exchange at odds of 8.1. The exchange market has a 5% commission.

Recall the entry you made for the qualifying bet. In the same entry, you would now add two new bets to record the back and lay bets:

Back Bet

  • Stake: $50 (using the bonus bet)
  • Bonus Bet (SNR): Yes (indicating that this bet was placed using a bonus bet)

Legs

  • Team B at odds of 8.0

Lay Bet

  • Stake: $43.48 (Calculated lay stake based on the back bet)
  • Bet Direction: Lay
  • Win Fee: 5% (exchange market commission)

Legs

  • Team B at odds of 8.1

By recording both the back and lay bets in the same entry as the qualifying bet and bonus bet received, the Tracker will accurately reflect your retention and overall profit/loss from this sequence of bets.