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Why You Need Sports Betting Tracking Software, Part 1

In a couple of recent articles (e.g. Why Track Your Bets? Part 1 and Part 2), I discussed the importance of keeping track of the wagers you make when betting on sports. Actually, calling it important is a bit of an understatement. If you do not track your bets and keep careful notes, there is no way for you to recognise and eliminate mistakes and start making smart choices and using sound techniques going forward.


You can keep track of your bets using a simple Excel betting spreadsheet and notes in Word, but you do not need to do this if you have sports betting tracking software on your side. This software is designed specifically for your purpose, and includes numerous tools to help you out. Here are a few reasons why you should strongly consider purchasing one of these programs:


  • You do not need to set anything up. The sports betting tracking software does all the hard work for you. If you are using your own spreadsheets, is up to you to format them so that they are readable and program in other calculations you need to generate the statistics you require to evaluate your ongoing performance. This can be very time consuming, and if you are not an expert at Excel, you may not know where to begin.
  • You will spend less time keeping your records up-to-date and verifying that they are correct. The program has already taken care of all of this for you. Many programs can be linked directly to your account on your sports betting website. The software will update your records automatically as you wager. You do not need to enter anything in. You can simply check your records at the end of the day, and find that they are already up-to-date. You can then cut straight through all the administrative work and get right down to analysing the day’s performance.
  • You will have the statistics in place that you need to get a clear picture of your performance. The software will let you know what your bankroll is, your net profit, your net loss, your return on investment, your win/loss ratio, and much more. If you do not know a lot about statistics and were trying to program your own Excel spreadsheet, you might not even know which stats you should include. At least with sports betting tracking software, you know that you are looking at helpful data. You will just need to learn how to interpret it (the software will help with that too).


These are just several reasons why sports betting tracking software can be incredibly helpful and well worth the price. They are not the only ones however, so be sure to read Why You Need Sports Betting Tracking Software Part 2 to find out even more reasons why sports betting tracking software is a great investment.


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