Betting has become one of the most popular ways of making money online in the recent past. The fact that more people have access to internet allows people to bet from almost anywhere. If you have a computer or a smart phone you will be able to make a bet on your favorite sports teams anywhere, anytime. It is not even necessary to understand the sport you are betting on because bookmakers provides you with odds which show you the most likely winners.

If you want to make some money with betting, the you should start tracking your betting results starting from day one. This means that you should know the number of times you have won and the number of times you have lost. Most people used to use Excel to record the results of the bets they have made. They record the results of the sports they bet on so that they can know their betting history. But because of technology advancement there are tools which can easily showing the betting results in a convenient manner. You just need to get the right tools which have the right qualities.

Benefits of Tracking Betting Results

Betting results tracking benefit #1

The most important benefit of tracking your betting results is that you will be able to know whether you have been making money or not.

This is important because most people tend to forget the times they have lost and they only remember the times they have won.

A person might lose nine times and only win on the tenth time. Such a person is likely to forget the amount he or she has been losing and only remember what he or she won.

This is a big issue because the person might have spent more than the amount won. But by tracking the results it will be able to tell in form of percentage whether you are making money or losing money.

If you are betting in the right manner the accumulated loses should not be more than the accumulated wins. If the loses are more than what you have won it shows that over the period you have tracked you have lost money despite winning a few times.

Betting results tracking benefit #2

Another major benefit of tracking your betting results is that you will be able to make more informed decisions in the future.

This is because you are able to tell the teams and games that usually make you lose your bets. Such teams might seem good on books but when you actually bet on them they end up losing.

A star player in the team might have been injured and this might be affecting the results of such a team.

Through tracking the results you will know the teams that have not been performing well in the recent past and as a result on your next bet you will avoid such teams.

Betting results tracking benefit #3

If you are betting with different bookmakers you will also know which are the better bookmakers depending on the results of tracking the results.

The importance of this is that even if almost all bookmakers give almost the same odds for the same games, there are some who provide slightly better odds.

If you track the results you will be able to tell which bookmaker is better depending on how you have been winning or losing. This will help you make an informed decision the next time you are planning to bet.

The Best Betting Results Tracking Tools

Lets look at three best tools for betting result tracking. You will get a small review on each tool and get to know the benefits of them.

BetStats review

Website: BetStats

This particular app allows you to conveniently track your result depending on the bookmaker you have been using. It is usable with different types of devices and it can work with different sports. There is a helpful user guide that will guide you on how to use the tool effectively. Its main down side is that it is not compatible with some devices and as a result you will need to have the right device.

Main Features

  • A simple and straight forward interface
  • You can choose the dates you want to track
  • Does not occupy a lot of space
  • The price is affordable
  • Has proven to be accurate

The Grid review

Website: The Grid

This is another bet tracking tool which has become increasingly popular in the recent past. This tool can be used with almost every sport provided you understand how to use it properly. As a user you will be issued with a fourteen digit code on their bet slips and this code is the one that is used to track the sports. The only down side about this tool is that it has limits on the periods which you can track the games.

Main Features:

  • The app is easy to use even for beginners
  • Can track different kinds of sports
  • Has other features such as tips and statistics of the various sports
  • Can be used with an assortment of devices
  • Provides instant results

Action Network review

Website: Action Network

This particular tool has become popular mainly because it is free. As a user you will not have to pay anything so as to use it and this has attracted more people to using it. The tool is able to track different kinds of sports regardless of what you had bet on. Using this tool is simple where you do not have to be an expert. The developers of this tool have made sure that it is easy and is able to produce the required statistics for all the users.

Main Features:

  • A friendly and easy to understand interface
  • Ability to track different sports at the same time
  • There are no payments
  • Can be used from almost anywhere provided you have the right device
  • Gives instant statistics

Recap

Tracking betting results is very helpful for anyone who would like to be better when it comes to betting. Technology has made it simpler and more convenient to track the results. You will just need to choose the right tracking tool depending on the features you want.

You should ensure the tool you choose is compatible with the device you use especially when it comes to smart phones. It is also advisable to ensure that the bookmaker you use is supported by the tool you choose to use. If you get the right tool you will be more organized and your betting habits will be better.

Therefore, if you have betting for some time you should make a point of getting the most suitable tool to track your betting results.

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