Here you can find the latest betting tips and insider advice on the best systems and tipsters, sign up for updates to find out how to beat the bookies.,

horse jumps

Get Top Tips for Cheltenham!

It’s finally here! Yes today is the start of the “Greatest Show on Turf” – aka the Cheltenham Festival. Thankfully neither the coronavirus nor the bad weather have put paid to this year’s action. 

We hope you are ready for a week of top-class jumps racing.

If you’re anything like us – you’ll want to boost your profits at this year’s festival.

Well fortunately we have a service that has a record of doing just that.

This is a tipster that we have reviewed here at Honest Betting Reviews and we gave it a strong recommended rating, having made 38 points profit during our trial and over 900 points profit since starting tipping.

Get your top tips for Cheltenham here.

And it has a record of picking high value priced winners at Cheltenham that is second to none.

The service has made an astonishing 311 points and £15,562 in profits at the Cheltenham Festival to £25 e/w stakes since 2010.

The average profit over the past 10 festivals is +£1,556.21 which is +31.12 points profit on average.

2019 Cheltenham Results – Members backed winners Klassical Dream 8/1, Defi Du Seuil 3/1, Any Second Now 10/1, Ch’tibello 12/1, Sire Due Berlais 6/1

And this service was voted the Number One Horse Racing Service of 2018 by you, the members of Honest Betting Reviews.

What service are we talking about?

Well you can check it out here and get all their tips for Cheltenham.

Act now before their special Cheltenham page is taken down.

 

 

 

 

Champions League

Betting Pitfalls to Avoid in the Second Round of Champions League Last 16 Matches

After an intriguing set of first leg matches in the Champions League Round of 16, attention is already turning to their concluding encounters in mid-March.

There are lots of opportunities for bettors to sink their teeth into a variety of markets, but before you join them, you should really consider what constitutes value and what doesn’t in these home-and-away matches.
Don’t succumb to irrational biases in your bets, and instead consider these three contrarian angles of attack.

Never Write off a Mourinho Comeback

The general consensus is that the Midas touch that Jose Mourinho displayed in his ‘Special One’ days is very much consigned to the past.

And it’s true: if he is to reinvigorate his management career, he is going to have to overhaul his own working methods and get Tottenham back to the level they enjoyed in happier times under Mauricio Pochettino.

But to write off the Portuguese disciplinarian would be foolish, given that this is a man who has twice won the Champions League as a manager and also triumphed twice in the Europa League – he knows his way around a continental knockout phase.

Spurs face a one-goal deficit against RB Leipzig and have to travel to Germany for the second leg, of course, but they will only need to score one away goal to really put the cat amongst the pigeons. That is what makes their ‘to qualify’ betting odds of 7/2 so appetising.

But is there any hope of that? Well, the German outfit were beaten by Lyon on home soil in the group stage and dropped points against Benfica, while in the Bundesliga they concede at an average rate of more than a goal per game in front of their own supporters.

The Londoners may be without Harry Kane and Son Heung-min, but with Mourinho at the helm, they will know that anything is possible.

Underestimate Simeone’s Dogfighters At Your Peril

Despite trailing by a goal from the first leg, Liverpool are priced as short as 5/6 in the Champions League football betting odds to progress to the last eight at the expense of Atletico Madrid.

The Reds may be closing in on the Premier League title but they have been riding their luck of late, and in the first leg against Atleti at the Wanda Metropolitano Stadium, they failed to muster a single shot on target against a defensive masterclass from Diego Simeone’s men.

In truth, this was the archetypal performance from the Madrid based outfit in the Champions League. Aggressive, hard-working and well organised, Atleti rarely looked like being broken down by a Liverpool side that quickly ran out of ideas.
The Reds could be without midfield general Jordan Henderson for the second leg at Anfield, and only the most optimistic of their supporters would predict anything other than a tight and conservative affair.

Atletico have conceded just 18 goals in 25 La Liga games at the time of going to press, shipped just five in six in the Champions League group phase and, lest we forget, they have reached two finals of this competition in the past six seasons thanks largely to the tactical wizardry of Simeone.

If you back Liverpool blindly here, you may be in for a nasty shock.

Don’t Fall Into the Goals, Goals, Goals Trap

If you read any build-up and analysis ahead of the second leg between PSG and Borussia Dortmund, much of the content you see will extol the virtues of the two attacks.

Any why not? On the pitch at the Parc des Princes are likely to be Neymar, Kylian Mbappe, Angel Di Maria, Erling Braut Haaland, Jaden Sancho and Thorgan Hazard.

But one common fallacy bettors fall for is that automatically means that goals will follow.

Admittedly, the first leg finished 2-1 in the Germans’ favour, but an Expected Goals (xG) count of 1.26-1.36 hardly screams end-to-end thriller.

These two teams will also deploy a 3-4-3 system, which will pit the players into individual battles, rather than allow for any tactical supremacy, and that could lead to frustration on behalf of the neutral observer watching on from home.
And, of course, the chief consideration in any betting act has to be game state.

Let’s think about the facts. Borussia Dortmund would happily take a 0-0 draw here, ad while parking the bus is not really their style there will be a subconscious desire to protect their lead for sure.

And then PSG’s away goal means that they only need a 1-0 victory in the second leg to progress – if they concede an away goal of their own, it will be curtains for their hopes of a quarter-final place.

With both teams happy for an event-free, low-scoring encounter, does it make sense for punters to oppose the general logic of goals between these two sides?

These are three Champions League trapdoors that many punters will fall through. Make sure you don’t follow the herd.

 

 

 

 

 

Cheltenham AP McCoy

Cheltenham Special Offer

We are just four days away now from the “Greatest Show on Turf” and there is a great offer available with Cleeve Racing.

They are offering a great deal for Cheltenham and the Grand National meeting for just £10+VAT.

Cleeve have an excellent record at Cheltenham over the past few years:

– Total of 149 tips
– 19 winners
– 29 E/W places
– That’s a 32% tip success rate
– Works out to a profit of £3,284.60 (to £20 stakes)

Cleeve are one of the most respected tipsters out there, receiving an excellent rating on Trust Pilot, a Gold award as Best Tipping Service Newcomer by the SBC and considered to be “one of the best (if not the best) service I have ever reviewed” by Geegeez.

GET YOUR CHELTENHAM AND GRAND NATIONAL TIPS HERE

For just £10+VAT this is one of the best value offers you will see for Cheltenham – and works out at just 20p per race.

They have already posted their tips for the RSA Chase, Supreme Novices Hurdle and Gold Cup so don’t miss out.

 

 

 

 

 

Cleeve Racing Cheltenham 2020

Free Cheltenham 2020 Festival Yankee

Our friends at Cleeve have just released their 2020 Festival Yankee and it’s FREE for everyone.

It features 3 double-figure priced horses and they’ve put in one of the bankers to anchor all the doubles and trebles (and hopefully even the four-timer!). If they achieve 4 places it returns over £250, and should they somehow manage 4 winners it’s over £15,000!

Coming back down to earth Cleeve are one of the most consistently profitable tipping services in the UK and they’ve made money at the Cheltenham Festival in 4 out of the last 5 years, so it’s well worth getting their thoughts on four of the best value horses due to go to post… and remember it’s totally FREE!

GET YOUR FREE CHELTENHAM YANKEE HERE

Those sneaky bookmakers are cutting their prices every day now as the hysteria builds up a head of steam so grab your copy now before the prices go.

 

 

 

 

back lucrative free trial

Free Access To Proven Racing Tips

We wanted to let you know about this now, as we’re not sure how long it’s going to be up for.

We reviewed racing service Back Lucrative back in 2015 when it made 27 points profit.

This service is now in its 7th profitable year running, and has accrued an incredible 1,660 points profit so far…

That’s a mind-blowing £33,200 to £20 level stakes.

The service is normally closed to new members but for a limited time only they are offering a special free trial.

If you act right now you’ll get a full two weeks to try them out, completely FREE.

GET YOUR TWO WEEK FREE TRIAL HERE.

Enjoy this one!

 

 

 

 

football match

Best Football Stat Sites

There are a plethora of football stats sites on the web, some are free, and some charge a fee. There is so much data you can risk drowning in it, and each site seems to handle data in slightly different ways. To help you negotiate the landscape, here are what we think are the best football stats sites to help you make better football betting decisions.

 

Free Football Stat Sites

Here are the sites to look at if you are interested in free soccer stats:-

Whoscored

For an in-depth view of football statistics, WhoScored is a great place to start. It’s useful for live scores, match previews, comparing players, possession percentages, red and yellow cards, passing statistics, aerial duels, tackles per game, and very much more.  One great feature is the Statistical Best XI, which you can order by multiple parameters.

Soccerstats

Although the website might appear a little basic, it provides a fast way to access the data you are looking for without any clutter getting in the way. There is a massive amount of information which you can quickly sift through. It includes stats from just about every league in the world, including professional, amateur and regional. You can select your favourite leagues up to a maximum of 16.

Footstats

If you are more interested in the English and Scottish football leagues, then FootStats might be the best site for you. As well as an in-depth look at the UK football scene, it has also been updated recently to provide stats on the major European and World leagues. Typical stats include shots per game, shot percentages, goals, fouls, corners, red and yellow cards and more.

Statbunker

Statbunker is a fundamental archive of vital football stats but despite its somewhat austere appearance, there is a wealth of information which you can quickly access. The major sections are competitions, upcoming, live and full time; all-time stats from major European leagues, and manager stats including match results, goals and other useful information such as average points per match.

Premium/Paid For Football Stat Sites

For those slightly more serious about their football statistics and looking to use them for professional betting, there are the following sites:-

Statisticsports

This is probably the best site for live football scores and statistics analysis. The website is powered by AI which it claims provides the best football prediction tool to help you find the best bets in time. Each week it processes 2,100 football games and each day 95% of live games are covered. For anyone serious about football betting, this could be an excellent choice. There is a free seven-day trial followed by three membership levels: basic (£17 a month), deluxe (£37 a month) and Platinum (£77 a month). It includes a mobile app which provides alerts of value bets on the go.

Wyscount

If you want to take your football stats research to the next level and you are willing to fork out nearly £200 a year (the top-level subscription is £999 a year), then Wyscout is the ultimate professional site. It provides what is probably the best football video archive in the world. The website adds 2,000 games a week and includes 400 million plays, all with in-depth analysis and stats. If you are involved with football professionally, or you are determined to take your football betting to the next level, it’s worth looking. There is a 15-day free trial. 

Get top FREE footy tips from professional gamblers here.

 

 

 

russell blair racing

Tipster Lands 12/1 and 10/1 Winners!

New year, new month, same destroying of the bookies!

Russell Blair Racing is a service we have been following for a number of years, having completed a re-review in September last year after an initial review back in 2016.

He produced an excellent 305 points profit during our recent trial taking his overall total to over 2000 points – that’s over £20,000 profit to £10 stakes – and he is showing no mercy in 2020.

Russell Blair has already racked up over 50 points profit so far in 2020 and yesterday he had 12/1 and 10/1 winners from 5 tips!

If you are a member of this service (we are sure many of you are) then congratulations on taking down the bookies!

if you are not, we don’t know where you have been or what you have been doing but he is going to give you the chance to join now and you simply can’t turn it down!

Get 30 days free Russell Blair Racing tips here.

Save 50% on subscription for Russell Blair Racing here.

Both of the above options will see you join one of the most exciting and prolific horse racing tipsters that there has ever been.

Take your opportunity now and start beating the bookies today.

 

 

 

Get Your Six Nations Guide Here!

Rugby betting may not be everyone’s cup of tea – in fact some people even refer to the sport as “egg chasing” – in reference to the shape of the ball.

However, if you can make as much money betting on the sport as a guy called Phil Worrall then I don’t think you really care how people refer to it!

Phil is a professional rugby trader and we originally reviewed his trading and tipping service last year when it made an excellent 162 points profit.

He then produced a tipping guide for last year’s Rugby World Cup which generated a superb 48 points profit.

And over the last six weeks Phil has restarted his tipping service and it’s got off to an absolute flyer – already making 125 points profit!

So that’s a combined 335 points profit – or £1,675 profit to £5 stakes.

Six Nations Offer

With the Six Nations tournament starting this weekend Phil has produced a full Tournament Guide PDF containing his outright tips. He’ll also be providing weekly tips for the matches throughout the Six Nations.

For a £5.00 introductory offer you can get Phil’s Tournament Guide, plus his tips for the opening round of games.

You can then decide to sign up for his tips for the rest of the tournament if you like.

If you are interested in the £5 offer, please just contact us at info@honestbettingreviews.com and we will provide details of how to sign up.

You will need to move fast though as there are only a handful of places left. 

 

 

 

 

barcelona celebrate goal

How Betting Against La Liga Giants Barcelona & Real Madrid Can Offer Good Value

Often referred to as the best league in the world, although that might create some debate amongst fans of other leading European leagues, there’s no doubting the Spanish league offers plenty of passion and excitement.

La Liga is the home of Barcelona and Real Madrid – two of the wealthiest clubs in football and blessed with some of the best players around – with no game on the planet touching the international popularity of their iconic ‘El Clásico’ encounters each season. There are also the ‘Gran Derbi’ duels between Sevilla and Real Betis, not to mention a host of other mouth-watering national and regional rivalries amongst teams in the Spanish elite.

The Big Two in Spain

Midway into the 2019-20 campaign and with 19 games of the season now played by all the competing teams, as of 8th January, Barcelona are 8/15 outright La Liga betting favourites at Betway, with Real Madrid not far behind at 13/8 odds. Although both teams endured a somewhat shaky start to the season, they have since recovered and look set to dominate the title race once again.

While the charge for La Liga supremacy is looking like a foregone conclusion between the usual suspects, as Barcelona and Real Madrid increasingly look to be the only genuine contenders once again, there’s still good value to be found by backing against the two giants of Spanish football in the match result markets.

Why? Because both have struggled away from home and whatever kind of football betting system you prefer, there’s no substitute for competition knowledge. Sometimes a little research can go a long way, especially when looking for good value betting options in La Liga.

Backing the Underdogs in La Liga

Barcelona have made the Camp Nou an authentic fortress this season, scoring four or five goals in all but two matches. They beat Villarreal by a narrow 2-1 margin back in September, while the only time the side managed by Ernesto Valverde have dropped points at home was in El Clasico, when visiting Real Madrid held firm for a 0-0 draw.

Backing wins at home for Barcelona obviously doesn’t offer much value, given the shorter odds because they’re such strong favourites. However, the Blaugrana outfit have been decidedly dodgy on the road this season, struggling to get points away from home. At the midway point of the season and having played 10 away games, Barca had lost 3 and drawn 3, managing just 4 wins as the visiting side.

This makes Barcelona good value to bet against as the visitors this season, especially given two of their most frustrating away results have been against newly-promoted sides. Drawing 2-2 at Osasuna proved frustrating, although losing 2-0 against Granada in the following game proved even more of a shock for even the most successful football betting experts, given the winning side also have the lowest budget of any La Liga side this season.

Likewise, the form of Real Madrid away from home has been far from ideal for manager Zinedine Zidane. Just like their eternal rivals Barcelona, they remained unbeaten at home during the first half of the campaign. However, anyone carefully following the football statistics will note that away from home, some of the smartest betting tipsters and strategists around may be looking to the underdogs against Real Madrid, with good value odds for upsets.

On the road and having played 10 games as the visiting side, as the fixture statistics at whoscored.com show, although Real Madrid won 5, they also drew 4 and suffered a surprising 1-0 defeat at newly-promoted Mallorca. While they have fared better than Barcelona, this still makes Los Blancos a good value option to draw away from home, while also a consideration for 1X (home win or draw) bets when they’re the visiting side.

While the league table shows that Real Madrid and Barcelona are gradually extending their lead at the top of La Liga, both sides will inevitably stumble during the second half of the campaign in Spain. For that reason, it’s definitely worth paying extra-special attention to how they fare in away games, as that could ultimately prove the difference between the two sides in deciding the title.

Conclusion

Given the high-value odds of backing Real Madrid and Barcelona to lose can potentially bring good returns, clearly, it goes without saying that it’s always worth checking their form and team news ahead of games. Both sides have endured periods this season when key players have been absent through injury, which isn’t always reflected by their match odds. That’s something to keep an eye on as an opportunity when looking for value bets.

Elsewhere, it’s often the case that compared to the shorter odds being offered in many Premier League matches, the higher odds available in various La Liga markets can often present better value overall, and especially when they’re games that don’t involve the big teams. Follow the form and statistics of each team, look for trends in their performance and before long, you’ll spot some great value bets to be had in La Liga games.

 

 

 

 

scam alert

Betting Scams – What to Look For and How to Avoid Them

Unfortunately, there are many criminals out there who masquerade as legitimate gambling firms with the intention of stealing your money.

There are some tell-tale signs that can warn you if a site might be dodgy, so it is worth checking these before you provide a site with any personal details or money. Here we will look at some of the more prevalent scams out there, including Ponzi-type betting scams, pyramid schemes, fixed match betting scams, crypto scams, software scams and finally some betting coups where the bookmakers are the losers.

 

Ponzi Betting Scams

Ponzi betting scams are all too common, but once caught, justice tends to be swift and severe. Ponzi scams are named after the supposed originator, Charles Ponzi, or to give him his full name Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi. Such scams rely on paying old investors using funds deposited by new investors. Usually impossibly high returns are offered, encouraging ever-increasing numbers of new investors.

Ponzi betting scams frequently involve betting syndicates. Peter Plimley’s scam is typical of most of them. In 2017 he convinced his victims that he had an almost foolproof scheme for betting on money markets. Although he was losing massive amounts, he was paying investors with money from new clients. In total he embezzled nearly £230,000 including the life savings of several friends and family members.

In a similar scheme, in 2014 Nicholas Peter Ford set up a spread betting syndicate and proceeded to take £1.3 million from investors but paying out just £240,000. As is typical with such scams, some investors trusted him with their life savings only to end up with nothing in return. He was sentenced to five years and four months in prison.

Ipswich-based gambler Darren Hudson-Wood was convicted of 13 counts of fraud in 2017 after running a “gambling pots” scheme whereby people would put in money and he would bet for them, telling them profits were “guaranteed.” However, after losing a large portion of their funds, Hudson-Wood failed to reveal to customers his losing bets but instead pretended he had been winning. In the end he was declared bankrupt in 2014 whilst owing his customers £30,000. He was given a 22-month suspended jail sentence after admitting the 13 charges of fraud made against him. 

More recently, in 2019, 5,000 members of the Layezy Racing betting syndicate discovered they were victims of a Ponzi scheme. The syndicate was run by Mike Stanley, a retired police officer. Some victims began to suspect a Ponzi scheme, and Sports Mail launched an investigation. In response to this, Stanley immediately filed for bankruptcy, leaving a debt estimated by administrators to be as much as £70 million. Apparently, Stanley hadn’t placed a bet in years and lived entirely on the income provided by his investors, some of whom lost their life savings.

 

Fixed Match Scams

While there is plenty of evidence that there are fixed matches, a common scam often circulated via social media is an offer of information on fixed matches that you can purchase for a small investment, typically £100 to £200. The aim is to get you to pay for useless or non-existent information. Perhaps surprisingly, many people are taken in by this, handing the scammers significant amounts of money.

While a proportion of those punters will lose their bet, at least a third will win and believe that they were given accurate information. These will be contacted again, with another offer usually costing more money than the first.

In one variant of the scam, the scammers will only request the fee after the bet has been won. This lulls a proportion of their victims into false security. Those for whom the bet work will be instantly hooked and pay for the next prediction.

Always ignore such fixed match offers. Take it from us they are all scams. Naturally, there are fixed matches, but nobody is going to tell you about them even for a few hundred pounds.

 

One-Page Betting Sites

This is something we see quite often and is an easy trap for many punters to fall into. A glossy one-page website will go up advertising a new tipster or betting system. The page will make all sorts of outrageous claims about how much money the system has made, often with pictures of betting slips showing wins of tens or even hundreds of thousands of pounds. 

There will probably be stories on the page of how an “ordinary guy” was stuck in some job they didn’t like earning very little money until they discovered a “secret system” that made them loads of money and they are now living the life they always dreamed of. Alternatively the story will be about a “computer genius” who has created some super-smart software that automatically finds winners and makes them thousands of pounds profit a day. Normally there are no results published on the website or any kind of clue as to who the people behind the system are.  

The reality of these sites of course is that they are all nonsense and completely made up. It is all just clever marketing aimed at dragging people in, preying on their gullibility and hopes that something like this may actually exist. 

Let’s face it though, if a system could make £100,000+ plus per year, why would someone sell it for £30 (which is often the cost of the services advertised on these sites)? They would obviously just keep it to themselves and continue making money from it.

Invariably these one-page sales sites disappear after a month or two, to be followed by another similar-looking site under a different name popping up not long after. Digging into them a little you will find many of them based out of Asia under shell companies and the like. 

So we would always advise people to look for full results published on a betting website, preferably that have been independently verified at a review site like this. Be very suspicious of a one-page betting site making outrageous claims of the amazing results it has achieved with supposed “proof” of betting slips – these can be easily faked.

As with all these things, the maxim “if it looks too good to be true, it probably is” should always be used. 

 

Dodgy Twitter and Facebook Tipsters

With social media becoming such a focal point of many people’s lives these days, it is perhaps not surprising that many tipsters and traders are now found on social media platforms like Twitter and Facebook.

Sadly however, the truth is that the vast majority of these services are either outright scams or of dubious quality. They will often post screenshots of their Betfair P/L account or their bookies betslips – all showing massive wins of course and never any losses. These are usually accompanied by lots of expressive “booms!” and emojis and supposed happy followers. The screenshots and followers can easily be faked though and even if they are not, they could have lost as much, if not more, the day before and not shown you. Or they could have two accounts, placing alternative bets meaning at least one will show a profit.

There are many ways they can manipulate things but ultimately if they don’t how a full betting record that has been independently verified, you should treat the service with extreme skepticism. You should always ask to see a full history of their results, not just the winners. If they refuse to do that then it is very likely a scam. 

It is worth being equally skeptical of social media accounts claiming to be brilliant Betfair traders, which there are many of these days. In our experience successful Betfair traders are extremely rare and don’t tend to go bragging about it on social media if they are. 

Beware also of YouTube scammers. There are quite a few videos around these days claiming they have some amazing betting/trading system that enables them to make a regular daily profit. The marketing behind these is often quite slick and usually tempts you into purchasing a very expensive trading course where you can learn their “secrets.” In our experience most of these courses are just fluff with very little actual value, just containing well-worn strategies such as lay the draw or over/under trading and will leave you feeling decidedly cold.  

 

Crypto Scams

Although this article is focused mainly on betting scams, it is worth giving a quick mention to cryptocurrency scams, partly because there have been so many of them over the last few years. In fact there have been estimates that over 90% of crypto start-ups were either scams or are no longer active. 

The bottom has completely fallen out of the crypto market over the last couple of years, no doubt as a direct result of the failure of so many cryptocurrency projects which has put people off investing any more money in the sector. 

However, there are still a few floating around and they typically offer to make some ridiculous amount like 1% profit per day. This is simply not possible to sustain and is a sure sign of a ponzi-style scam. Avoid these at all costs. 

There are also quite a few crypto scams involving gold, promising that their coin is tied to actual gold and therefore has real value. Most of these are outright scams or if not are very risky investments.  

Finally there are cryptocurrency mining schemes, which were all the rage back in 2016-2017 but have largely died a death thankfully. There are still a few around though and again these should be avoided. We have written elsewhere about why mining is fundamentally flawed and if you really want to be involved with a new coin it is better to just buy and hold it rather than to mine the token. 

 

Pyramid Schemes

Pyramid schemes are a controversial topic because they are not always scams, but can point towards one if there is no underlying value in a service. 

Typically pyramid schemes involve what is called “multi-level marketing” or MLM for short, which means that if one person recommends a product to their friends, they get a commission if someone signs up through them. Then if someone signs up from one of those people, the original referrer gets another commission and so on. These can often go down five, six or even ten levels, meaning someone at the top of the pyramid can be making a very substantial income from all the referrers under them. 

You may already spot the problem with something like this – how can the scheme afford to pay out so many people on all these levels of commission? Unless there is genuine value in the product and service being offered and all the commission can clearly be accounted for, then it is big warning signal. 

The other issue with pyramid schemes is that they can proliferate very quickly and their reach greatly outweigh the quality of the actual service or product being offered. They can spread like wildfire before burning out very quickly and going under. 

So we would advise that if you do see a pyramid scheme, look carefully at whether there is any intrinsic value in the product and how they will be covering all the commission payments to be made under the scheme. 

 

Betting Software Scams

The rise of Artificial Intelligence may well change the landscape of sports betting. After all computers can now beat professional poker players and bookmakers use reasonably sophisticated software and data sets to determine their initial odds. There is also evidence that some researchers have achieved a high degree of accuracy, predicting the outcome of horse races using neural networks and machine learning. Over ten races investigators made profits of between 30% and 50%.

However, people advertising software race predictors for a small fee are unlikely to have access to the kind of supercomputers needed for deep learning. Avoid them, they are a scam.

 

Summary

So that is a list of the main forms of betting scams. It is by no means exhaustive as there are so many ways scammers will try to part you from your hard-earned cash, but the main themes tend to be the same. Most of them use FOMO – or “fear of missing out” – to lure you into thinking you have to invest quickly or you may miss out. A lot of slick marketing is used and people’s fear and greed is preyed upon. 

Ultimately you should always treat any claims with a healthy skepticism and look for independent proof of their results. Are their claims realistic? Normally a return on investment of 20-30% is the best anyone can realistically achieve in the long run and doubling or trebling a starting bank in a year is about the maximum achievable.

If someone is claiming to turn £1,000 into £100,000 or to have a “secret system” that has a found a “loophole” that cannot lose, then most probably it is total BS. 

As we say, always bear in mind the maxim “if it seems too good to be true, it probably is.” 

 

Betting coups

Now let’s take a look at the other side of the coin, where people have managed to – legitimately – put one over on the bookies and pull off some amazing betting coups. 

Yellow Sam

It isn’t always Joe Public who is the victim of a betting scam. Often it is the bookmakers who feel the pain. Perhaps the most famous betting soup, the so-called Yellow Sam coup, made around £300,000 on a single race.

Barney Curley entered his horse Yellow Sam in a small provincial Irish horse race at Bellewstown. In the days that pre-date mobile phones, the racecourse was serviced by just one public phone. To guarantee the horse began at generous odds, he had run it in several previous races where it was unsuited to the conditions and failed badly. On the day of the race, Curley’s agents were sent to many different bookmakers where they bet between £50 and £300 on the horse within the last few minutes before the start.  In total they placed around £15,000. While this aroused some suspicions, the bookmakers were unable to contact the racecourse at Bellewstown as the only phone, a public payphone was continually occupied by another of Curley’s conspirators apparently in conversation with his dying aunt. Thus, the adds on Yellow Sam remained at 20/1. Had the bookmakers got through, the odds would have been slashed. Needless to say, Yellow Sam won at preposterously high odds, handing Curley a £300,000 profit which at today’s prices would be £1.4 million.

D Four Dave

In a similar coup, the small racecourse at Kilbeggan in Ireland where the horse D Four Dave won easily at 5/1 though earlier in the day it had been priced at 15/1. Douglas Taylor, and entrepreneur, had recruited 200 assistants and provided them with an alarm watch and instructions then shipped them to numerous bookmakers throughout Kildare and Dublin. They were instructed to wait for the alarm, set to go off a few minutes before the start of the race, then hand in a completed betting slip and the £200 bet. They were then told to return to their handler and get paid for their troubles. Although some of the recruits inadvertently gave the game away, even handing their written instructions to the teller, Taylor still made a handsome profit. Paddy Power alone lost £50,000.