How does the AI-powered transaction entry work?

Simply speak or type naturally like "won 100 at stake betting" and our AI instantly parses your input to create a transaction. It recognizes transaction types (profit/loss/deposit/withdrawal), amounts, platforms, and categories. You can review and confirm before saving. Works with both voice input and text.

How does Manage Bankroll track my trades and bets?

Manage Bankroll uses manual entry with optional AI assistance. You can enter transactions manually, or use our AI-powered voice/text entry for faster logging. We never connect to your bank accounts or trading platforms automatically, giving you complete control over your data.

Is Manage Bankroll really free?

Yes, Manage Bankroll offers a free plan with core features including manual transaction tracking, profit/loss analysis, and basic reporting. Pro features are available for advanced users.

What types of trading and betting can I track?

You can track sports betting, poker, casino games, day trading, swing trading, crypto trading, forex, options, and more. Any form of trading or gambling with a bankroll can be tracked.

Is my financial data safe?

Yes, your data is completely safe. Since we use manual entry only and never connect to your bank accounts, your sensitive financial information never leaves your control. All data is encrypted and stored securely.

Can I track multiple accounts or platforms?

Yes, you can track unlimited platforms and accounts. Whether you use multiple sportsbooks, poker sites, or trading brokers, you can manage them all in one place.

Does Manage Bankroll help with gambling tax records?

Yes, Manage Bankroll tracks all your wins and losses with detailed records that can be exported for tax reporting. You can generate win/loss statements and maintain accurate gambling income records for IRS reporting.

Can I track live sessions in real-time?

Yes, our live session tracking feature lets you monitor your profit/loss in real-time during poker, casino, or trading sessions. Track your bankroll changes, session duration, and performance metrics as you play or trade.

How is this different from spreadsheet tracking?

Unlike spreadsheets, Manage Bankroll provides automated calculations, visual analytics, live session tracking, and dedicated tools for different betting and trading types. It is easier to use and provides insights that are difficult to achieve with manual spreadsheet tracking.

Sports Betting Odds Explained: Complete Beginner's Guide

Sports betting can seem intimidating, especially when you're staring at a wall of numbers and symbols on your sportsbook. But understanding betting odds is actually simpler than it looks - and it's the foundation of profitable sports betting.

The Three Main Odds Formats

Sportsbooks display odds in different formats depending on your location. Let's break down each one.

American Odds (+/- Format)

American odds are popular in the US and use positive/negative numbers:

Positive odds (+150): Underdog payout. A $100 bet wins $150 profit. Negative odds (-150): Favorite payout. Win $100 profit on a $150 bet.

Decimal Odds (European Format)

Decimal odds show total payout including stake. Popular in Europe and Canada.

Example: 2.50 odds mean you get $250 total on a $100 bet ($150 profit).

Fractional Odds (UK Format)

Traditional format showing profit relative to stake.

Example: 3/1 odds mean £3 profit on every £1 bet.

Calculating Implied Probability

Every set of odds implies a probability. Understanding this helps you find value bets.

Formula: Implied Probability = 1 ÷ Decimal Odds × 100

For +150 American odds: Convert to 2.50 decimal, then 1 ÷ 2.50 = 40% implied probability.

Common Bet Types and Their Odds

Moneyline (Straight Up Win)

Simplest bet - pick the winner. Odds reflect team strength and public sentiment.

Point Spread

Teams get points added/subtracted to even the playing field. Example: Lakers -5.5 (-110) vs Celtics +5.5 (-110)

Over/Under (Totals)

Bet on whether final score will be over or under a number set by sportsbook.

Parlays

Multiple bets combined. Higher payout but lower probability.

Understanding the Vig (Vigorish)

Sportsbooks build in a "house edge" called vig or juice. This is how they profit.

Example: A coin flip should be +100 on both sides, but you'll see -110 each. The extra 10 cents ensures the book profits regardless of outcome.

Finding Value in Odds

Value exists when odds imply a lower probability than you believe is true.

Example: If you think a team has 60% chance to win but odds imply only 40% (2.50 decimal), that's a value bet.

Odds Movement and Line Shopping

Lines move based on betting action. Shop multiple sportsbooks for best odds.

Sharp vs Square Money: Professional bettors ("sharps") influence line movement. Public money ("squares") bets favorites and overs.

Advanced Concepts

Expected Value (EV)

EV = (Probability of Winning × Amount Won) - (Probability of Losing × Amount Lost)

Positive EV bets are profitable over time.

Kelly Criterion

Mathematical formula for optimal bet sizing based on edge and odds.

Common Beginner Mistakes

Chasing Losses: Betting more after losses
Not Shopping Lines: Sticking to one sportsbook
Ignoring Vig: Understanding house edge
No Bankroll Management: Proper staking strategy
Emotional Betting: Letting bias cloud judgment

Tools for Better Odds Analysis

Odds comparison sites (OddsPortal, OddsShark)
Historical data analysis
Betting calculators for EV and Kelly sizing
Bankroll tracking software

Starting Small

Begin with small stakes while learning. Focus on understanding odds before worrying about profits.

Remember: The odds tell a story about probability, public sentiment, and bookmaker expectations. Learn to read between the lines and you'll have an edge over casual bettors.

Start with simple moneyline bets and gradually work up to more complex wagers as you gain experience.