Do you know the phrase that “hindsight is always 20/20”? This saying is well known because it is extremely relevant to all aspects of life, including sports betting. While we are talking about phrases, what about when people say, “I’m down bad” in relation to betting? This one is said all too often. However, it can be easily avoided by tracking your bets.
Will bet tracking inherently make you a better bettor? Will it assist you in terms of choosing the bets you are making? No. But it will go a long way to ensure you are never down bad. In other words, it helps prevent someone from losing more money than they are willing to lose. Bet tracking is a crucial step in being a profitable bettor.
The biggest issue for those that lose more money in betting than they are comfortable with is that they are not tracking what they are spending. It is the same principle as using cash compared to a credit card when out shopping. Do you know why people recommend using cash if you are trying to spend less money? Because it works.
Using cash when out at the stores puts the perspective of spending money in a tangible way. It makes the person truly aware that they are spending money, how much, and how much they have left to spend. When using a credit card, it is easier to spend more money without even realizing it. The tangible aspect of the money being gone usually doesn’t come until later when you see the card statement, once it is too late.
Sports betting works in the same way. The credit in your betting accounts is real money, it is your money. You have to treat it as cash, not credit on a screen. The profitable investors track their ROI and know where their money is at all times. Successful budgeters track what and when money is coming in and going out. And successful sports bettors track their bets.
Download Pikkit today to start tracking your bets for free!