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General Election Betting Preview

With the General Election tomorrow we thought it would be a good time to cast our thoughts over the betting prospects for the politically-minded punter.

You might be thinking the value is all gone at this stage and on the whole you would be right. For instance, we backed no overall majority over a year ago at above evens and it is now around 1/7.

We also went with the Tories to win most seats at round evens and that is now 1/5. 

However, whilst some of the value may have gone on the main markets, there are still opportunities to make a profit.

Next Government Odds

The question of who will form the next government is a thorny one. Much of the press is working itself into a lather about “legitimacy” saying the party that has the most seats should have the right to govern.

Well as much as this may be the case in theory, ultimately the situation comes down to being able to get a Queen’s speech passed. If you don’t have enough votes in Parliament to do this, you will lose and face reelection. 

That would be a humiliating fate for whichever leader tried it, with no doubt dire repercussions for them personally and also their party.

So you can rest assured neither side will want to form a government unless they are confident they definitely have enough votes to get a Queen’s Speech through Parliament.

For Cameron, this means almost certainly another coalition with the Lib Dems will be needed. Clegg has strongly indicated in recent days that he would prefer another coalition with the Tories. If the Tories get between 285 and 290 seats, this is a real possibility as the maths will add up for them.

For Miliband, it seems highly unlikely that Labour will win outright, but combining SNP support with a few of the other smaller parties could well be enough. If Labour gets around 265-270 seats, this is a highly likely outcome.

But Miliband won’t go into coalition with the SNP for fear of the backlash in the rest of the UK.

So we are left with the two most likely options on the basis of current polling, which has the parties neck and neck: either another Tory/Lib Dem coalition or a Labour minority.

You can hedge these two positions nicely to guarantee a profit.

A Labour minority is available at 9/4 currently whilst a Tory/Lib Dem Coalition is priced at 5/2.

Total Seats Odds

Final polling has the parties neck and neck or the Tories in a one point lead. There are now sophisticated tools that predict seat totals not just based on polls but on previous trends like the “shy Tory” factor and incumbency effect.

These tools give the Tories about 277 seats and yet you can get even money with Stan James that they will get less than 287.5 . This seems like a good bet to me. Many people are expecting the Tories to do better than the polls suggest, perhaps harping back to 1992. But modern polling has come on a lot since then and as I say, the general trends towards the Tories have been factored in by election prediction models.

Using the same models, Labour are predicted to get around 267 seats. You can get a general price of 5/6 that they will get between 251-275 seats, which seems a good bet to me. I would be surprised if they get more than 275 seats with the SNP predicted to do so well in Scotland.

Finally the Lib Dems are predicted to face disaster but recent constituency polling has showed them doing a little better than the national polls would predict. You can get 10/11 with Skybet that they got over 25 seats, which seems a good bet to me. I wouldn’t be surprised to see them with 28 -30 seats when all the votes are counted.

Seat Betting

I also expect Clegg and Farage to win their respective seats. It looks like the Tories are going to come out in force to tactically vote for Clegg and Farage should just do enough to win UKIP’s biggest target seat. 

You can get evens the Clegg/Farage double with William Hill.

Whatever happens it is due to be one of closest elections ever and should make for interesting viewing. Oh – and don’t forget to vote! 🙂 

The Importance of Strike Rate in Betting Systems


Strike rate refers to the rate at which a system or tipster wins. For example, if a tipster has 100 selections, 45 of which were winners, then that tipster would have a 45% strike rate.

There is no doubt that strike rate is one of the most important elements of a tipster or betting system. If a tipster has a high strike rate, it means they can grow a bank more quickly than one with a low strike rate, even if they both have the same return on investment.

This can be illustrated with an example:

Imagine one system that has a 50% strike rate – let’s call it system A and another one that has a 10% strike rate – let’s call it system B.

To be on the safe side, for system A you would probably want a 25 point bank, which would be 2.5 times the longest expected losing run of 10.

For the system B however, you would probably need a 165 point bank, which is 2.5 times the longest expected losing run of 66.

So imagine that you have £1,000 that you want to invest in a betting system.

For system A, you would divide the bank by 25 to give you £40 per point that you would bet.

For system B, you would divide the bank by 165 to give you £6 per point that you would bet.

Now let’s say each system has a return on investment of 20% and has 100 bets per month.

For system A, it would take you just over a month to double the bank.

For system B however, it would take you over 8 months to double the bank.

This is shown in the example below:

System A

System B

ROI:

20%

20%

Strike rate:

50%

50%

Bet Volume:

100/month

100/month

Time to double bank:

1.25 months

8.3 months

Bank after 1 year:

£10,600

£2,440

 

So as you can see, after a year system A is up to over £10,000 where as system B is only on £2,440.

This illustrates that importance of strike rate to tipsters and betting systems.

It is also easier to cope when you have a high strike rate as it means more winning bets and shorter losing runs. Systems with low strike rates mean long losing runs and great patience is required to handle them. More often than not you will see people giving up when a long losing run is hit.

So I hope from this article you have seen the importance of strike rate and how crucial it is to take into account when considering a tipster or betting system.

 

How to Make Money on the Horses

Whilst everybody likes a flutter on the horses, nobody likes to lose their hard-earned money to the bookies. Now imagine if you could increase your chances of picking the right horses and make money on the horses? Sound too good to be true? Well it’s not. Horse betting systems have been around for as long as people have been betting on horses – and the best betting systems can definitely help increase your chances of winning. The trick however is knowing which system to pick or avoid by receiving the best horsing racing tips today!

What Are Horse Betting Systems?

Most people – whether they realise it or not – use a system of sorts when making a bet on the horses. Whether you choose a horse name that reminds you of your wife’s stunning looks or your son’s cheeky charm, you are using a criteria that helps you to select your horse. Horse betting systems, at their most basic, are just that – a systematic approach to choosing horses based on a set of criteria. Not only do they aim to reduce the odds of losing but most importantly raise the possibilities of winning. Through careful analysis and sophisticated systems of rules, horse betting systems promise to help you pick the winners. 

Do They Work?

It depends! There is no shortage of horse betting systems available. Unfortunately, many of these systems do not work. Often making outrageous claims regarding guaranteed success and promised profits, they can sadly leave you uncomfortably out of pocket. When they do work however, they can really make a difference. The Racings Professionals AW Service for example, offers an attractive 22% ROI and in 2014 alone, made a 244 points profits.  Whilst there are certainly rogue systems out there – there are also some real diamonds!

How to Choose the Best Systems?

So how can you sort the wheat from the chaff and select the best betting system for you? One way to avoid spending lots of money on subscriptions to services that don’t work is to consult a reputable and trustworthy betting system review site. Often, these sites will test out different betting systems, paying the subscription fee, placing bets on the received horse tips and reporting back on the results. To make sure the reviews are fair and balanced, look for a site that posts a mixture of reviews that are not only positive, but also negative and neutral.   

At Honest Betting Reviews, we can help you find a horse betting system that works. By thoroughly reviewing each betting service and showing those that make clear profits, we identify not only the diamonds on our passed systems list but also the scams.

 

Betting tips: Seize These Advantages

Nothing beats the excitement of having a flutter, especially when you have leading edge information from those who understand soccer betting systems and horse racing betting tips. It’s even better when you can get free horse racing tips from those in the know. But how do you know the sites offering these tips are legit? Let’s find out

They Aren’t Afraid to Be Harsh

The key to separating the wheat from the chaff is to look for a lack of affiliation. Rather than searching for recommended systems online, search for an impartial review service that is thorough, honest, and occasionally scathing in their appraisals. Avoid those who only give glowing reviews, as they’re likely to be affiliated with or paid by the sites they’re reviewing.

They Love Gambling Too

Gambling is fun and those who are dedicated to reviewing, testing, and posting information are throwing just as much into it as you are. You can quickly check their point system to see how much money you would have lost if you’d parted with your cold hard cash. After all, why take the risk when somebody else has.

They’ve Tested Systems Over Time

Scams skew results, fake profits, and hide information to attract punters and their money. Trustworthy betting reviewers conduct tests over approximately three months and post detailed results of where they’ve won and lost. Objective analyses break down the pros and cons of each service and system tested, including financial costs, and time taken to place bets.

Clear Pass and Fail Marks

There’s too much good betting to be done, and too many systems and services, to waste your time digging for legitimate information. Only choose review sites that clearly group betting services as passed, failed, or neutral. Clear information of start and end bank totals should be available for each site reviewed, as should a clear profit or loss total. Recommended betting banks should also be posted, as well as the risk appetite you’ll need should you decide to use the reviewed system or service.

A List of Who’s Being Tested

If you think you’ve found a system or tipping service that’s too good to fail, check around some independent review sites first. The best will have a list of those services currently being trialled, and a link to their websites. This means you can put off paying for a new service until you know it’s tried and true. In the meantime, simply opt for a service that’s received favourable reviews. You can always check back on the one you’re curious about a little further down the track.