Free Betting Tools
Every gadget you need for analyzing your betting strategies: Bet tracker, bankroll simulator, value betting simulator, betting analytics & filtering, and many more 100% free.
Track & Analyze Your Bets
It is a simple spreadsheet where you can track your bets with important data about them, such as odds, stakes, market, bookies, and more.
Value betting simulator
Simulate outcomes using true-odds/edge, staking strategy & many more inputs to estimate long-term profit, drawdown & risk.
Analyze Staking Strategies
Use the money management & value betting simulator and find out which approach would result in the most long-term profits.
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Testimonials
Sports Betting Tracker – Log Every Bet & Visualize Profit Over Time
Record every wager in seconds and replace spreadsheets for good. Our sports betting tracker lets you log key fields—betting market, stake, odds, result, sport, betting site, game date, notes—and you can edit or delete entries anytime. Your results appear in a line graph with headline stats like overall profit, ROI, and bets placed so you instantly see what’s working.
Fast bet logging with all required fields (market, stake, odds, result, sport, bookmaker, game date, notes).
Edit / delete any entry; fix typos without breaking your history.
Line graph performance view + ROI, total profit, number of bets.
Import from CSV/spreadsheet (optional) to get started fast.
Track by bookmaker and market to spot leaks and strengths.
Betting Analytics & Filters – Slice Your Data by Date, Sport & Result
Use Analytics/Filtering to query your bet history with precision. Filter by start/end date, sport, and result, then review performance metrics in seconds.
Metrics displayed after filtering:
- Overall profit
- ROI
- Turnover
- Average odds
- Average stake
Use cases:
Identify which sports and markets deliver the best ROI, track variance across odds ranges, and monitor turnover and average stakes over time.
Staking Software – Simulate Bankroll Strategies & Analyze Risk
Our staking simulator analyzes your logged bets (or an uploaded CSV formatted to our template) and shows how different money management strategies would have performed. Compare risk vs. reward before you commit real capital.
Strategies & tools included:
- Percentage-based staking (e.g., fixed % of bankroll).
- Kelly & fractional Kelly (optimize growth with risk controls).
- Flat stake ROI & profit simulation across specific odds ranges.
- Odds-range ROI simulator (discover where your edge lives).
- Martingale & Paroli systems (see variance and drawdowns clearly).
- ROI calculator for odds ranges (quantify profitability by price bucket).
Outputs you’ll see:
Projected profit/ROI, bankroll curve, max drawdown, win rate by strategy, and sensitivity to odds ranges.
Value Betting Simulator – Analyze Betting Model EV, Risk & Bankroll Growth
Test value-bet strategies under realistic market conditions. The value betting simulator takes 10+ inputs to model outcomes and variance based on your risk tolerance.
Key inputs you can control:
- Starting capital, EV % (expected edge), number of bets
- Staking method (flat, % bankroll, Kelly, fractional Kelly)
- Kelly scale
- Odds dispersion (price variability across bets)
- Autocorrelation (streak/serial dependency factor)
- …and more advanced toggles for realistic simulations
What you’ll learn:
Expected profit and ROI, bankroll volatility, risk of ruin, and how tweaks (e.g., lower EV, wider odds dispersion, conservative Kelly) affect long-term outcomes.
FAQ
Are these betting analytics software really free to use?
Yes, each betting analytics tool, simulator, and calculator you find on Bet Metrics Lab is free to use. There is no hidden fee after you sign up.
Do I need to connect a bookmaker to use the analytics software?
No, each bet tracking and simulation tool and software is using data logged, tracked by the users. You need to have a pre-formatted document if you want to upload your own betting history.
Can I import my old spreadsheet?
Yes, you can import your spreadsheet that is formatted based on the guide you can find here. This will help you upload a document in a way that is compatible with each of our simulators, trackers and filtering systems.
Which staking strategies are supported in the analytics simulators?
The staking simulator supports the following money management strategies: percentage based, Martingale, Paroli System. The value betting simulator also supports flat staking and Kelly’s criterion staking strategies.
Top Betting Guides & Tips Categories
What is the goal of Bet Metrics Lab?
Bet Metrics Lab was created to share experience-based information, tips, guides, and reviews about everything that is betting-related. The on-hand expertise allows us to help you find the best strategies and services tailored to your skill level and possibilities.
We have readers from almost every country, so we try to write user guides on services that cover betting sites even from smaller countries.
Analyzing odds, statistics, and betting history is the main way you want to improve your profitability in sports betting.
Each approach has its advantages, weaknesses, and limitations.
Many bettors try only one way to optimize/analyze their betting strategies.
Successful bettors need to pay attention to every aspect of data analysis to succeed in sports betting in the long run.
While this can sound like a hard and complicated process, keep reading, and you will find out why it is simpler than it seems.
What is the role of sports betting analytics software?
Analytics software for sports betting can have multiple roles, including finding odds with a positive expected value, spotting mistakes in your strategy, and analyzing statistics.
After 10+ years of sports betting, I noticed that focusing on the overpriced odds has the highest payout.
While other approaches and betting systems can also offer long-term profits, exploiting wrong odds is the surest way to beat the bookies.
Another role of these analytics tools is to help you find the main reasons why your strategy is not performing as expected.
I was profitable with the strategy called value betting for many years, but I still had to face periods when I struggled to win.
These were the times when I had to analyze my betting history to find the main reasons behind my failure. Back in those days, my only tool was a simple Microsoft Excel spreadsheet.
While I succeeded in spotting the bad-performing markets and odds ranges, it took some time.
The methods I used to analyze my betting history are also implemented in the money management simulator and the analytics tool.
The third main role of a betting analytics service is to offer an interface where you can easily compare teams and players by accessing statistics.
Analyzing sports-related statistics can help many bettors increase their winning rate if the data is correct and the user has a decent understanding of algorithmic betting.
What are the types of analytics tools for betting?
Based on my experience, I group betting-related analytics tools into four main groups: pre-game, post-game, odds-related, and statistics-related.
The main goal of analyzing matches pre-game, or better said pre-bet, is to spot opportunities that might have a +EV (positive expected value).
You use such software to analyze the statistics, compare odds, and conclude that a bet is worth placing or not.
Post-game analytics tools like Bet Metrics Lab have the role of spotting major mistakes, loopholes, and opportunities in your strategy.
While most bettors are focusing on finding good opportunities, they forget the importance of preventing themselves from falling into the same mistakes in the future.
Even the best value betting strategy can have major weaknesses that will lower its long-term potential.
Analyzing your betting history can help you find the odds ranges that are performing badly or teams that have a bad, losing period.
How do you analyze your bets to optimize your profitability?
The main tools to analyze your betting history are the staking simulator and the filtering system.
To have the right picture of the main mistakes in your strategy, you will need a data sample with at least 300-500 bets.
Many bettors can be tempted to use a database with 50-80 bets, but that will do more harm than good.
To notice provable patterns in your strategy, you will need a database where the phenomenon called variance has very little role.
The main aspects you need to analyze:
- You have to simulate every possible money management scenario to figure out which approach would result in the highest returns.
- Check which odds ranges have the highest and lowest ROI. This will help you exclude bad-performing odds.
- Use filters focusing on every possible aspect, including sport, and date range, to spot the best-performing periods and events.
The information you gain from such filters and simulations will help you exclude future bets that have a high possibility of lowering profitability.
As an example, using the money management simulator will help you visualize how variance would cause swings when facing a long losing or winning streak.
After an in-depth analysis, you can notice that some low-risk methods, such as using a smaller percentage of your actual betting balance, will lower the risk of losing your whole balance.
However, it will also result in smaller long-term profits.
The main goal of using such sports betting analytics software is to maximize the profitability within your risk tolerance.
What are the downsides of such services?
Each type of betting analytics software has its downside, such as the possibility of resulting in a conclusion made in error.
As an example, odds analysis tools often display betting opportunities that are no longer available or they do not hold any +EV. Spotting these fake/ghost betting opportunities requires at least a few months of experience.
Another weakness of value bet finders is the method they use to define the true odds of an outcome.
Using statistics-based analysis tools has even more downsides. The main one is not having the right quality and quantity of statistical database.
Many bookies have the advantage of having access to more accurate and up-to-date information about future sports events.
While bettors can have a massive database of historical data, they often lack fresh/hidden/insider information.
Using such services will most probably result in negative ROI in the long run.
This is the main reason why Bet Metrics Lab is not focusing on statistics-based predictions but on the analysis of betting history.
This approach does not have the advantage of providing new betting opportunities, but helps you focus on the right type of bet.
What are the advantages of analyzing your bets?
Analyzing your bets/odds or sports events has a high potential of increasing the profitability of your strategy.
I know from experience that a simple Excel database of your bets can change a method from generating losses to being very successful.
Applying some filters to my basketball betting system helped me spot underperforming leagues and odds ranges. I was losing money on a strategy where I placed bets with 15% +EV.
The simple reason behind these losses was me focusing too much on Euroleague matches, where I experienced too much inconsistency in the playstyle.
Right after ignoring matches from this league and focusing even more on others, my long-term ROI skyrocketed to around +11%.
How to use betting analytics software?
Sports betting analytics tools are software programs or platforms that use historical data and statistics to help users make informed and strategically proven decisions about which bets to place on sporting events.
These football odds analytical tools typically provide a range of information and analysis about upcoming events.
This includes team and player statistics, performance metrics, and historical data.
Some sports betting analytics tools may also use predictive modeling or machine learning algorithms to make predictions.
These can be about the outcomes of upcoming games, such as the ZCode System, which I mentioned above.
By analyzing the historical data from thousands of sports events:
- Users can gain a better understanding of a team or player’s strengths and weaknesses,
- as well as the factors that may affect the outcome of a game.
For an experienced bettor, this data can mean the edge against bookies.
There are many types of betting analytics tools on the market.
The biggest difference between different types of betting analysis software is their way of approaching sports betting.
Some analysis tools were developed to help decision-making by offering better information on accurate odds and outcomes before the event started.
Other services can check your betting history to improve your future results.
Each odds analytics software has its role in increasing your betting performance.
I always placed a bigger emphasis on betting tools that can help me spot overpriced markets and wrong betting lines.
How can football odds analysis software help you win?
One common feature of football odds analysis software is the ability to compare teams and players based on a variety of metrics.
These can be such as offensive and defensive efficiency, passing accuracy, and scoring rate.
This can help football bettors identify potential mismatches or areas where one team may have an advantage over another.
Based on my experience, a well-developed football analysis software should also be based on historical data and Artificial Intelligence predictions.
Another useful feature of betting odds analysis software is the ability to track trends and patterns in a team or player’s performance.
For example:
These programs may show us how a team has performed against specific opponents in the past.
It can also show how a player’s scoring rate has changed over the course of a season.
This insight can help us, bettors, make more informed betting decisions and spot betting opportunities where the bookies are overpricing the betting markets.
Overall, football analysis software can be a valuable resource for anyone looking to make profitable bets on football games.
By providing detailed data and analysis:
- These tools can help users identify potential betting opportunities and wrong odds at bookies, which leads to helps us in making more informed decisions.
Example of a use case of a betting analytics software
#1. Spotting overpriced markets
Sports betting analysis software and tools that can find outcomes with wrong odds will give you the best edge to beat the bookmakers.
Each betting outcome has a real probability of an outcome based on statistics and fresh information about teams/players.
If you can find higher odds, you will have a higher payout for the same outcome.
With arbitrage betting, you can cover both outcomes on these opportunities and make a guaranteed profit. This approach is popular because of its low risk and the instant profits you can make basically on every bet you place.
While this strategy is very profitable, it’s punished by the majority of bookies. Check the following article on arbitrage betting and find out more.
Value betting, on the other hand, is based on placing bets on these wrong odds and expecting a long-term profit after several hundred bets (the most profitable strategy, based on my many years of experience).
#2. Statistical betting analytics software
They will give you a good estimation of a fairly accurate statistical chance for an outcome of a betting event or market.
This information needs a supplementary experience of a bettor to make sure the data is valid, it was calculated based on correct information, and it can generate long-term profits.
Statistical analysis will provide an excellent starting point, and betting analytics software, such as Bet Metrics Lab, will offer feedback on the viability of your strategy.
OUR EXPERTISE
Author and owner:
Samuel Kovacs