Bet Metrics Lab
Free betting analytics, trackers & simulators for smarter wagers
What is Bet Metrics Lab? Complete Overview
Bet Metrics Lab provides a suite of free tools designed to help sports bettors analyze and optimize their strategies. The platform offers a bet tracker, bankroll simulator, value betting simulator, and advanced analytics to identify profitable opportunities and avoid common pitfalls. Targeted at both casual and professional bettors, these tools eliminate the need for manual spreadsheet tracking by providing automated performance insights, ROI calculations, and risk assessment features. The platform specializes in data-driven decision making, helping users spot overpriced odds, analyze historical performance, and simulate different staking strategies before risking real money.
Bet Metrics Lab Interface & Screenshots
Bet Metrics Lab Official screenshot of the tool interface
What Can Bet Metrics Lab Do? Key Features
Sports Betting Tracker
A comprehensive tool to log every wager with key details like market, stake, odds, result, and bookmaker. It automatically generates visualizations of profit trends, ROI, and bet volume. Users can edit entries, import from CSV, and filter by bookmaker to identify strengths/weaknesses. The tracker replaces manual spreadsheets with an intuitive interface that updates performance metrics in real-time.
Betting Analytics & Filters
Advanced filtering system to dissect betting history by date range, sport, and outcome. Displays critical metrics including turnover, average odds, and stake size. Particularly valuable for identifying which sports/markets deliver the best ROI and spotting variance patterns across different odds ranges. Helps users refine strategies by isolating high-performing segments.
Staking Simulator
Tests money management strategies (percentage-based, Kelly criterion, Martingale) against historical bet data. Projects profit curves, max drawdowns, and win rates for each approach. Includes specialized tools like odds-range ROI simulation to quantify profitability by price bucket. Enables side-by-side comparison of risk vs. reward before implementing strategies with real funds.
Value Betting Simulator
Models long-term outcomes based on customizable inputs: starting capital, expected edge (EV%), bet volume, and staking method. Factors in advanced variables like odds dispersion and autocorrelation to predict bankroll volatility and risk of ruin. Helps users optimize strategies by adjusting Kelly scaling or EV thresholds while visualizing the impact on profitability.
Football Predictions
Data-driven forecasts showing true probabilities and value odds for upcoming matches. The Basic plan offers 500 prediction credits ($5) alongside daily free requests. Integrates with an Expected Value Checker that advises whether bookmaker odds offer positive value. Focuses purely on statistical insights without subjective commentary.
Best Bet Metrics Lab Use Cases & Applications
Identifying Odds Range Weaknesses
A bettor consistently loses on 1.50-1.80 odds. Using the Analytics filters, they isolate these bets and discover a -5% ROI in this range. They adjust strategy to avoid these odds, improving overall profitability.
Comparing Staking Strategies
Before risking capital, a user simulates flat staking vs. 2% bankroll growth on 500 historical bets. The simulator reveals that fractional Kelly yields 23% higher profit with acceptable drawdowns, guiding their real-money approach.
Bookmaker Performance Audit
By filtering tracker data by bookmaker, a professional identifies that one operator consistently offers +EV odds on tennis markets. They allocate more volume to this bookie while avoiding others with negative ROI.
How to Use Bet Metrics Lab: Step-by-Step Guide
Sign up for a free account at Bet Metrics Lab. No payment details required for the base toolkit (tracker, analytics, and simulators).
Log bets manually in the tracker or import existing history via CSV (formatted to the platform's template). Include key details like odds, stake, market, and outcome.
Use the Analytics dashboard to filter historical performance by sport, date range, or result. Identify ROI patterns and underperforming odds ranges.
Run simulations: Test staking strategies (e.g., 2% bankroll vs. Kelly) in the Staking Simulator, or model long-term EV in the Value Betting Simulator.
For football bettors: Purchase Basic plan credits ($5 for 500 predictions) to access value odds recommendations and the EV Checker tool.
Bet Metrics Lab Pros and Cons: Honest Review
Pros
Considerations
Is Bet Metrics Lab Worth It? FAQ & Reviews
Yes, all core tools (tracker, simulators, analytics) remain 100% free forever. Only the Football Predictions feature requires credits, which are optional.
Absolutely. The platform accepts CSV imports formatted to their template (available in the help guide). This preserves your historical data for analysis.
Simulators cover percentage-based, Kelly/fractional Kelly, flat stake, Martingale, and Paroli systems. Each shows projected profit, drawdowns, and odds-range sensitivity.
Predictions are statistically derived without human bias. The EV Checker helps validate if bookmaker odds align with these projections for +EV opportunities.
For reliable analysis, use at least 300-500 logged bets. Smaller samples may lead to variance-distorted conclusions about strategy performance.