WiseStats is a new website that is designed to provide sports fans and punters with the tools they need to maximize their success in sports betting.  Currently the site is live and available for free - just use this link to enter and you'll find their free sign up link: WiseStats>Free Sign Up.

Here are some of the key features:

• Real-time odds at 15 of the biggest sportsbooks, including instant odds watch email alerts and zoomable line movement charts.
• Key matchup stats for each day’s games, offering at-a-glance team comparisons, top news headlines for each team, and historical results from previous matchups dating
  back to 2005.
• Bet tracking with a simple mouse click, giving you a full history of your bets (which are automatically graded), and reports on important metrics like your position and ROI (return on investment).
• Complete bankroll management, where a bank statement-styled transaction log is kept for each sportsbook account you have, showing you account balance adjustments for bet results, deposits, withdrawals, and bonuses

So far the site has received positive reviews and what impressed our reviewer the most was the "odds watch" feature.  If, for example, you wanted to bet the New York Yankees to win their game today but thought that their odds were too short with your sportsbook, you could use the "odds watch" feature to get an email alert.  Simply specify the odds that you think justify the betting risk and instead of having to watch the markets all day, WiseStats will do it for you and notify you when the betting odds are more agreeable.

Keeping track of where you are winning money and where you are losing money is a huge part of sports betting and WiseStats can help you with that.  Maybe you are good at calling baseball winners but not so good at picking hockey spreads - pay attention to WiseStats and soon you will see that and you can adjust your betting patterns to match your strengths.

The best feature of this site is that it is FREE during their promotional period which is currently listed as lasting until November 1st, 2010 - more than enough time to see if the site is right for you.