The Tools You Need for Successful Sports Betting

If you are on this site. Then, you either have a passion for sports betting or are looking to get into this pastime. Either way, know that now you have more resources than ever at your disposal to be successful with this hobby. Below, we shall perform a quick dive into the tools that can make the difference between profiting and losing funds. These are things that every aspiring bettor should have on hand, helping both novices and veteran gamblers gain an edge to bring their betting game to new heights, mitigate risk, and ultimately enhance their odds of success. So, buckle up and get ready to learn things that pave the way for profitability in the world of sports gambling.

Bankroll Management Software

It goes without saying that bankroll management is a vital concept in any form of gambling. For those unfamiliar with this term, it refers to asset allocation strategies that aim to manage a gambler’s funds wisely. Typically, the process entails setting limits that help individuals minimize the risk of losing sizeable sums, maintaining betting sustainability for longer periods of time, reducing stress, and boosting the odds of attaining long-term profitability.

Thankfully, in this modern/tech-driven age, bankroll management does not have to get done via pen and paper, with tables written out in a notebook that you keep in your desk drawer. Today, we have Excel spreadsheets that help you simply and effectively track your bets and profit/losses, with all the data laid out in columns featuring dates, amounts wagered, the odds, outcomes, and running balance. Naturally, you do not have to create these, as Google Sheet templates for online gambling bankroll management already exist that can get used for free.

You also have bet tracking odds that let you take control of your wagering data in a neatly organized manner. These are sites and pieces of dedicated mobile software boasting all kinds of nifty features, like giving you your accuracy rate, ROI, and net profits for each day, week, month, or year. Some of the more famed choices from this software category include Betdiary and Juice Reel.

One thing you must be careful about when picking a bet tracking app is that many of the more popular ones that Google will display for you sync up with only a distinct set of sportsbooks, primarily those licensed in the US, and not many of the crypto bookies we list. Hence, selecting one like Pikkit means it will only sync with bookies like DraftKings, BetMGM, FanDuel, PointsBet, and other renowned US players. It will not connect with our crypto-based sportsbooks. For these, you will likely have to manually enter your data at a tracking solution if you have chosen a more niche brand. So, be aware of that if you decide to go the app route.

We should note that you also have free betting bankroll calculators online that let you build various wagering strategies using a defined budget. You can easily find these as well. Just use Google.

Odds Comparison Services

It goes without saying that odds shopping is mandatory for most bettors unless you have found a betting platform you feel super comfortable with, one you do not want to leave, especially if you have gotten burned by others. Still, even in that scenario, if you wish to get the most bang for your buck, you should do some odds shopping. That gets best accomplished with services that also come in the form of websites and mobile apps that deliver real-time data on moving odds. These will aid you in identifying the most favorable odds for a given event. That will allow you to maximize potential returns.

BetMonitor Pro is a subscription service worth paying for if you are super serious about making it as a sharp bettor. It offers a Basic and Premium package. These give you access to features like Value Bet Mode, dropping odds, live market alerts, trading signals for trending wagers, and turnover spreads. Plus, much more. However, note that the Premium plan will run you over $300 a month. Hence, it is very costly. Do not get it unless you plan on making sports betting your full-time gig. The basic one is around $130.

That said. If you do not want to pay, do not fret, as free options like OddsPortal are out there. They provide fewer features and are a bit more limited than a paid option, but they can still do the trick most adequately.

Statistical Resources

We already did an article on Quality Sports Stats Sites for Bettors, so if you are curious about how to get robust sets of data to put to use when making betting choices, read that piece of GOSUBETTING content. Here, we will quickly run through some of the main points we covered in that piece, telling you to look into services like Stathead, Opta Sports, Overlyzer, and StatisticSports. In the noted article, we cited Transfermarkt.de as a useful tool for football/soccer gamblers, and here, we will add that footie bettors should also explore BTFStats, as it is another quality resource covering the main European soccer/football league. It gets run by a team of software developers and football analysts who look to provide a top-notch soccer/football stats tool that will assist you in forming your betting approaches. The platform also provides free and paid tips.

The benefits of utilizing statistics in sports wagering are manifold. They let you use objective analysis, which is much more accurate for gauging event outcomes than subjective judgment/intuition. Basing decisions on a mix of empirical evidence and statistical probability will undoubtedly yield a higher success ratio than going by what one’s gut tells them. Furthermore, such data can facilitate the identification of value bets. And it can help you spot discrepancies such as mispriced opportunities. Thus, one would be a fool not to reap the benefits these tools supply.

Responsible Gambling Apps

Bankroll management is one piece of the responsible gambling puzzle. But sometimes, people can lose track of how much they are betting. They can get so immersed in the wagering experience that they wind up gambling away more than what they can afford to lose. Some also have impulse control issues, and they cannot just stop when they are in the thick of it. That is why they need assistance with software designed to help them in this department, one that looks to curb their urges, stopping them from chasing losses and betting funds they shouldn’t be without.

The pioneer of live dealer games, Playtech operates a ground-breaking analytics Responsible Gambling platform named BetBuddy, which utilizes predictive analytics and data mining, harnessing the power of machine learning to help find users displaying risky gambling behavioral patterns. Nonetheless, gamblers who wish to take matters into their own hands, ensuring they do not overdo it when wagering on the go, can examine apps like BetBlocker, Bettor Time, and Gamban. There is also mobile software named Gambless, which implements a psycho-educational approach that incorporates elements of Gestalt and cognitive behavior therapy to help people battling problem gambling. So, if you reach a point where you feel you can no longer control your impulses concerning betting, download this app created by real psychologists.

Follow Tipsters on Social Media

We have also run through this topic in a separate article. If you know what you are doing, we say – it is not worth it to pay for betting advice. However, that does not mean that you should not follow various betting tipster accounts on Twitter/X and visit Reddit groups where matches get previewed, look what others have to say, as someone else may have insights that you have not considered, which will enrich your predictions with new angles that may aid you in producing more accurate wagering guesses.

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