Betmarkets - Final Review - Honest Betting Reviews

We have reached the end of our five month trial of Betmarkets.io and wanted to wrap up our thoughts on our review.

This is one of those situations where we are giving our verdict on two separate things really – one is the platform itself and the other is the tipsters we followed.

Before we get onto both of those though, just a quick recap on what Betmarkets is all about:-

Essentially Betmarkets is a tipster copy platform. It bills itself as the “Etoro for betting” and if you have ever used that service, it is a very apt description.

Basically you choose from a variety of tipsters across a range of sports, all with verified track records. You choose how much money you want to follow them with and then their bets are replicated automatically on your account.

You just pay 20% of any profit a bettor makes you, there are no other fees or subscriptions to pay.

Betmarkets Platform Review

So that’s what Betmarkets is all about. In terms of the platform itself, we think it’s a great idea and one of the most innovative breakthroughs in the betting world for quite some time.

As we said when opening our review:-

– It takes the time and effort out of following a group of tipsters as the bets are placed for you automatically
– No more missing bets because you didn’t get an e-mail/Telegram message in time
– No rushing to get the advised prices before the odds move against you
– Being able to select a portfolio of tipsters with verified track records
– Use of “sharp” bookmakers as well as exchanges
– All bets are tracked in real time so you can see exactly how each tipster is doing

And we can say having tested Betmarkets for five months, all of that is true. It operated very much as expected and is simple to use.

How it Works

Here’s a look at how it works and how you can go about selecting your tipsters (or “bettors” as they are called on Betmarkets).

Firstly, you can take a look at the various bettors on the platform by clicking “Discover” in the left-hand sidebar:

This brings up lists of the top tipsters based on their “featured” ones, “most copied,” “highest return” and so on.

Here’s a list of those bettors with the highest return (all time):

You can then click through and filter the tipsters by sport, category and timeframe.

Here are the top soccer tipsters for the last 12 months, for example:

It’s all very user-friendly and gives you a variety of options for choosing which tipsters you want to follow. From that point of view it couldn’t be much simpler really.

Once you have spent some time going through the tipsters and choosing which ones you would like to follow, you need to allocate some funds to following them.

Here is an example of the football tipster Grzegorz P:

You can choose how much you would like to allocate to the bettor in question and then you can choose your risk approach – 1.0x, 1.5x or 2.0x.

It then tells you the likely bet sizes and monthly profit/loss estimates.

So in the example above, if we allocated €100 to this bettor using a 1.0x approach, then our bet sizes would be between €1 and €3 and the estimated profit/loss would range between -€11.02 and +€17.48 per month.

If however we decided to go for a 2.0x risk approach, our bet sizes would be between €2 and €6 and the estimated profit/loss would range between -€22.05 and +€34.95 per month.

This is a feature we really like about Betmarkets. Firstly the fact that all this information is displayed clearly so you have an idea of how much you are going to be risking and what the range of returns might be.

Secondly, that their allocations are fairly conservative. We have used some copy trading apps in the financial trading world which allow very high risk in relation to the funds you have, leading to a strong likelihood your bank will get wiped out. They do this because they take the other side of your trades, effectively betting against you. So they are quite happy to see you go bust.

This isn’t the case with Betmarkets – quite the opposite in fact. They make profit when you do, i.e. when a bettor makes a profit for a given period. So they have an interest in making sure safe risk levels are used and people don’t wipe out their banks too easily.

In terms of how the placement of bets worked, this all seemed to operate very smoothly and we didn’t see any issues of bets failing to be placed or anything like that.

The only issue we did experience was noted in one of our review updates below, with one of the bettors Danny chasing his losses and becoming somewhat erratic. This could happen with any tipster of course, but is perhaps worse on a platform like this because the copying is automatic whereas if you were following a tipster manually you might notice a bit earlier.

In any event, it seems to have been an isolated incident and didn’t make much of in impact on our overall experience on Betmarkets. If you have a portfolio of 5-10 bettors (or more) with an even allocation spread across them then hopefully something like this shouldn’t affect you too badly.

OVERALL VERDICT – PASSED

Overall we would say we were very impressed with the Betmarkets platform. It’s an impressive piece of technology and takes a lot of the hassle out of following tipsters. It gets a definite thumbs up from us.

Tipster Results

Looking at the results of the tipsters we followed, sadly it wasn’t such a positive story. From a starting bank of €1000, we finished €291 down.

You can view full results here.

We followed six bettors in total and their individual records were as follows:-

Bettor	Sport	Profit (€)
Filip H.	Football	-67.68
Radek M	Football	-49.53
Nishi K.	Tennis	-13.66
Mikel S.	Esports	-6.39
Neil M.	Football	-47.82
Danny D.	Esports	-106.22

So as you can see quite a sorry tale, with all six bettors making a loss.

In that sense, we would probably fail these tipsters, although Mikel S didn’t do too badly and in fairness to Neil M, he operates his own tipping service (which we have reviewed previously and given a strong passed rating to), the prices he obtained for Betmarkets were worse than those his members would get, meaning these results don’t accurately reflect his tipping skills. In fact we understand Neil is no longer on Betmarkets for this reason.

In any event, it was quite disappointing to lose nearly a third of our betting bank on Betmarkets. Perhaps we were just unlucky in the bettors we chose, or weren’t very good at picking them 🙂 Although we did spend a lot of time going through betting markets so maybe we shouldn’t be so hard on ourselves.

Anyway, hopefully if you have a go on Betmarkets you will have a bit more luck in the bettors you follow. For us it didn’t work out sadly but we will keep an eye on Betmarkets for any really promising tipsters who crop up on there and may re-enter the platform as some point in the future.

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Betmarkets – Results Update

30th March 2021

More losses for us unfortunately on the Betmarkets platform, with another €50 dropped since our last update.

That means we are now €252 down for our trial overall.

You can view full results here.

Sadly this trial is not going as we had hoped. The platform is a great piece of technology, it just looks like we’ve been a bit unlucky with the tipsters we’ve chosen to follow.

Interestingly however we’ve seen Jon Roberts of Football Advisor has now joined the platform as a tipster. Jon is a well-respected figure in the industry and we have positively reviewed two of his services – Predictology and Football Advisor Lays – so it is good to see him on Betmarkets.

We imagine they will continue to add prominent tipsters to their list as the platform grows because it is a great tool for bettors as we say. Just need our own results to turn around soon…

Betmarkets – Results Update

20th February 2021

Betmarkets is a tipster copy platform where you can automatically copy the bets of professional gamblers. It can be thought of as an “Etoro of the betting world.”

Sadly since we joined the platform in December it’s just been steady losses for us, with a further €145 lost since our last update.

That means we are now €202 down for our trial overall from an initial deposit of €1000.

You can view full results here

Half of the losses so far are down to a bettor called Danny, who it seems went somewhat off the rails. We received an email from Betmarkets on the 3rd February stating:-

“As the subject describes, this email is about Danny’s latest behaviour within our platform. Throughout the weekend, Danny showed signals of tilting / chasing his recent losses after a period of poor performance (although his overall results are still above average): he placed bets straight after losing others and his amount staked per bet increased as well.

This is not the first time this happened with Danny, so we decided to temporarily exclude him from the list of bettors that new users can copy and we recommend you to stop copying him for the time being considering the recent behaviour.”

We took their advice and stopped copying Danny, replacing him with Radek M.

It is obviously disappointing this occurred and it could happen with any tipster, although perhaps if you were following tips manually in the normal way you might have spotted it sooner.

Anyway, hopefully that is an isolated incident and none of the other bettors will engage in such behaviour. Let’s also hope for a swift turnaround in fortunes for the bettors we are copying.

Betmarkets – Results Update

22nd January 2021

Betmarkets is a tipster copy platform where you can automatically copy the bets of professional gamblers. It can be thought of as an “Etoro of the betting world.”

It’s been a bit of a slow start to our trial of Betmarkets however, with a loss of €45 made so far after one month of following five bettors on their platform.

That loss is from a starting bank of €1000, so is “no biggie” as they say, representing just 4.5% of the bank.

You can view full results here.

With a review like this you are kind of looking at two things – one is the performance of the bettors you choose to follow and the other is the platform itself.

Whilst the performance of the bettors hasn’t been great so far, we have to say the platform itself is excellent and has worked exactly as it should with bets placed automatically and results updated in real time. The information is presented in a very clear, user-friendly way so you can see things like betting history, ROI, open bets etc at the touch of a button.

We do see big potential in Betmarkets in the long run, we just need the bettors we are following to get going and start making some profits.

Betmarkets – New Review

21st December 2020

We are starting a review today of an exciting and innovative new betting product that we think is one of the most disruptive breakthroughs we have seen in the betting world in quite some time.

The service in question is called Betmarkets and essentially it is a tipster copy platform. It bills itself as the “Etoro for betting” and if you have ever used that service, it is a very apt description.

Here are Betmarkets explaining the concept themselves:-

As they say, you just pay 20% of any profit a bettor makes you, there are no other fees or subscriptions to pay.

We really like this idea for a number of reasons:-

– It takes the time and effort out of following a group of tipsters as the bets are placed for you automatically
– No more missing bets because you didn’t get an e-mail/Telegram message in time
– No rushing to get the advised prices before the odds move against you
– Being able to select a portfolio of tipsters with verified track records
– Use of “sharp” bookmakers as well as exchanges
– All bets are tracked in real time so you can see exactly how each tipster is doing

We have been waiting for some technology like this to come along for a while and whilst there have been one or two attempts at it previously, this looks like the real deal and we are very impressed by what we seen of the platform so far.

So we have deposited €1,000 into Betmarkets and selected five bettors to follow based on their 12-month and overall records. A couple of these names were already familiar to us from other services we follow so we know these are top tipsters.

We are quite hopeful this can turn into a form of “passive income” for us, producing regular returns on auto-pilot without us having to do anything.

That’s the dream anyway, we will see if it turns into reality during our review! As usual we will provide regular updates on how things are going here.

In the meantime you can check out Betmarkets for yourself here.