The world of sports has been a major beneficiary of improving online connectivity, with fans able to find out the latest news and watch live action via mobile devices, smart TVs, laptops, and more.
This has also been great news for the sports betting industry, with consumers having the means to keep up to date with all that is happening across all major sports leagues. Not only has traditional sports betting benefited, but the emerging esports industry has also enjoyed increased attention.
Competitive video gaming is a growing market that has seen fans enjoy improved access via online broadcasting. The rise in demand for a high-quality app to bet on esports has also seen sports betting operators receive an additional boost. It is now common to bet on League of Legends, CS2, and Dota 2 in the same way you would bet on football, basketball, and baseball.
However, with so many markets to place wagers on, it can be challenging to keep track of your bets.
Budget
Budgeting can be a big help when it comes to keeping on top of your bets, and can also ensure you don’t stray beyond what you can afford. Setting a strict budget will take away the temptation for spur-of-the-moment bets and should lead to better planning.
Whether you like a specific sport or enjoy betting on televised fixtures or major events, staying within a budget should help you focus. This can result in taking more time to study markets and find the best options, and while there are no guarantees when it comes to sports betting, this should help to reduce riskier bets.
Budgets can also be dependent on specific results, meaning the bettor will have a tighter rein on their live bets to see how their budget develops over a set period.
Track Bets
The vast number of betting markets, including outright match and event betting, live betting, player and team props, and parlays, all mean that a consumer could have a variety of wagers running over the course of a few days. Learning the best ways to track these should be helpful.
Written Records
Anyone can keep a writing record of their bets, with notepads ideal for splitting bets up by sport, keeping a note of spend, and winnings. While most people will have a good idea of what they have bet on, having it in front of you makes it much easier to manage.
Spreadsheets
Spreadsheets can work in the same way as written records, but can be accessed by mobile devices and computers, and can also be automated to update spending and winning amounts.
Users don’t have to invest in expensive software packages to use spreadsheets, with free options like Google Sheets offering the same formatting options that can make your life easier. You will be able to break your bets down into daily, weekly, monthly, and annual reports, and when you enter specific information, it will automatically update all the relevant sections.
Bet Tracking Apps
Like spreadsheets, bet tracking apps can automate control of your betting, but you won’t need to set them up in the same way. These options are more suited to tech-savvy bettors, as they can take a bit of getting used to, but they offer a lot of benefits.
Bet tracking apps that can be synced with betting accounts can automatically populate, or users can manually enter details. They can then provide live updates on the status of bets, making it much easier for users to know where they stand.
Conclusion
The massive amount of live sport and the even wider range of betting markets have given the modern consumer more choice, but it is also difficult to keep up. This can lead to problems in knowing which fixtures to back and can also be an issue for budgets, so finding a way to track your bets can be a massive help.
