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Bankera ICO Review – Token with Payout!

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Today we are going to take a look at an ICO (Initial Coin Offering) for a new cryptocurrency project called Bankera.

Basically what Bankera are aiming to do is become the “Digital Bank for the Blockchain Era.”

That means everything from payments and debit cards to loans and investments.

Bankera will be set up so that you can use cryptocurrencies such as Bitcoin, Ethereum, NEM and others for payments and banking, as well as exchange them for traditional fiat currencies.

And what is really exciting is that holders of Bankera Tokens will receive 20% of Bankera’s and their partner Spectrocoin’s net transaction revenue on a weekly basis.

This revenue is already up into the millions of Euros!

So not only do you have the possibility of the tokens going up in value, you will also receive weekly income. As we say, already these payouts are looking pretty decent.

But we will go into that further below, as well as take a look at the Bankera ICO in more detail and explain how it will work.

 

What is Bankera All About?

As we say, Bankera is about joining up the world of cryptocurrencies with the traditional banking industry.

The idea is that you will be able to have a bank account with Bankera and hold cryprocurrencies in it, which you can then use to pay bills, make payments using a debit card, get loans, make investments and do everything else you can do with a normal bank account.

Here is a video from Bankera explaining a bit more about how it will all work:

As you can see, it will be a fairly comprehensive banking service. 

The services can be broken down into those that are already available (through Bankera’s partner Spectrocoin) and those that Bankera is aiming to provide in future.

 

Already Available

  • – Payment Card – this a prepaid card that allows you to load your Bitcoin onto it and then spend it in shops and use it at ATMs around the world. You don’t have to worry about converting your Bitcoin to fiat currency ($, £, €, etc) as the card does it automatically.
  •  – Bitcoin Wallet – store, send and receive Bitcoin using the wallet, which you can have on your phone. Dash, Ethereum and other coins are due to be added soon.
  • – Crypto to Fiat Exchange – an exchange where you are able to turn your fiat currency (over 20 currencies already supported) into Bitcoin, Dash, Ethereum and NEM and vice versa.
  • – Ability to issue IBANs – Bankera say they have the IT facilities in place to issue people with bank accounts with IBAN numbers (after they receive their banking licence). 

What is really impressive is that Spectrocoin, which is Bankera’s partner and run by many of the same people, already have over 670,000 clients and have issued over 65,000 cards.

So unlike many ICOs and similar projects in the financial space, Bankera already have working products, a big customer base and revenues being generated. This is a really big plus when looking at an ICO.

 

Products to Come

In addition to the products already available, Bankera are aiming to put in place:

  • – A Banking Licence – this is the key element of Bankera’s plans and is what a large proportion of their ICO funds will be used for. Once they obtain a banking licence, then they will be able to follow on with the other products they have planned. Their aim is to have the licence in place by early 2019.
  • – Payments – this will include payment accounts with personal IBANs, debit cards, interbank foreign exchange rates and payment processing.
  • – Loans and Deposits – Bankera aims to provide loans as traditional banks do, but also have the ability to make cryptocurrency loans. Also people who deposit money with Bankera will receive interest, much like with savings accounts
  • – Investments – they will strive to provide investments such as Exchange Traded Funds (ETFs), crypto portolios, roboadvisory solutions and eventually even investment banking.

So quite an impressive list of products there and if Bankera can deliver on these then the potential revenue  generated could be quite substantial.

 

ICO

The Bankera ICO is running at the moment and will continue until the end of February or until the hard cap of €177m is raised.

The tokens are currently priced at €0.019 per Banker token (BNK) but will increase in price as certain thresholds are hit in terms of the number of tokens sold, as you can see in the table below:

Bankera ICO

They have raised more than €70m so far from over 59,000 contributors, which is very impressive and puts them on course to be one of the top 10 ICOs of all time. Clearly the interest in the project has been huge and this gives them a good foundation to start from.

If you want to participate in the ICO and purchase some Banker tokens (BNK), you need to do the following:

  1. 1. First open a Spectrocoin account and deposit some funds into it. You can use Bitcoin, Ethereum, Dash, as well as other tokens or even fiat currency.
  2. 2. Go to the Bankera website and click on “Get BNK”
  3. 3. Exchange your currency for BNK tokens on the Spectrocoin platform and they will transfer the BNK to you.

As we say, this ICO is proving highly popular so may well sell out.

 

Payouts

Now for the exciting bit – the payouts!

As we mentioned above, each week 20% of Bankera and Spectrocoin’s net transaction revenue will be distributed to holders of Banker tokens (BNK).

Payouts of Bankera ICO

This is great as it means not only could you benefit if the tokens rise in price, but you can also receive income from holding them. It’s completely passive income.

The payouts are made on a proportional basis, so if you hold 1% of the tokens, you will receive 1% of the payout and so on. A nice simple model, which is good to see.

Payments are made in Ether and XEM using smart contracts.

Interestingly, Bankera have already been paying this revenue out for 20 weeks, so we can see exactly what kind of payouts people have been receiving.

Here is a summary of what the payouts have been so far:

 

 Date  Payout Number  Total Net Revenue (€) Payout – i.e. 20% of net revenue (€) Equivalent Annualized return
05.09.17 Payout #1 85,219.66 85,219.66* 4.5%**
12.09.17 Payout #2 77,530.22 15,506.04 3.29%
18.09.17 Payout #3 96,715.71 19,343.14 3.72%
27.09.17 Payout #4 66,179.28 13,235.86 2.4%
03.10.17 Payout #5 53,860.43 10,772.09 1.95%
11.10.17 Payout #6 61,495.27  12,299.05 2.22%
18.10.17 Payout #7 96,517.05 19,303.41 3.5%
24.10.17 Payout #8 95,595.13 19,119.03 3.46%
31.10.17 Payout #9 93,968.91  18,793.78  3.4%
07.11.17 Payout #10 97,881.52 19,576.31 3.54%
14.11.17 Payout #11 146,349.87 29,269.97 5.29%
21.11.17 Payout #12 139,436.53 27,887.31 5.03%
28.11.17 Payout #13 175,175.08 35,035.02 6.36%
04.12.17 Payout #14 191,123.85 38,224.77 6.14%
12.12.17 Payout #15 375,644.21 75,128.84 12.06%
19.12.17 Payout #16 344,529.79  68,905.95 10.5%
27.12.17 Payout #17 572,003.28 114,400.66 17.15%
03.01.18 Payout #18 348,529.41 69,705.88 9.32%
08.01.18 Payout #19 478,558.89 95,711.77 11.7%
17.01.18 Payout #20 384,286.76 76,857.35 7.93%
TOTAL 3,480,606.88 760,282.45
  • *first week payout was 100% of net revenue
  • **annualized return based on pre-ICO price of €0.01 per BNK

As you can see, the payouts are already looking very good.

What is impressive is the pace of growth in transaction revenue. At the start of the payouts back in September, transaction revenue was around €70,000 – €80,000 per week, but that has grown in just a few months to around €400,000 – €500,000 per week.

For people who bought in at the pre-ICO stage, the payouts are already equivalent to around a 10-17% return on an annualized basis.

Also impressive is the growth in Spectrocoin’s user numbers. At the start of September they had around 350,000 members but this has grown to over 670,000 at the time of writing. More members means more transactions and more revenue.

It is also worth noting that Bankera are already on track to surpass their first year targets. In their Whitepaper, they state that Bankera expects €11M in revenue in its first year with stable
growth to 500M EUR within ten years. 

However, they have already generated close to €3.5m in revenue and at current levels would generate over €17m in revenue over the rest of the year – and that’s not allowing for any further growth.

So in essence they are growing faster than expected and that is a good sign for the future.

 

The Team

The Bankera Team

It is always important when assessing an ICO to have a look at the quality of the team involved. No matter how good an idea is, if the team isn’t competent enough to execute the idea successfully then it will be irrelevant.

Well, for Bankera the team looks very impressive and this gives us added confidence in the project.

  • – Vytautas Karalevičius, CEO – currently completing a Ph.D. in Cryptocurrencies at KU Leuven University in Belgium. Prior to that, he received an MPhil degree in Finance from Cambridge University.
  • – Mantas Mockevičius, COO – more than eight years experience in managing operations and compliance for electronic and digital money exchanges. He holds a bachelor’s degree in Economics and master’s degree in Finance.
  • – Craig Grant – experience in the payment processing industry including three years at Skrill (now a part of the Paysafe Group) as a senior business development manager.
  • – Lon Wong, Advisor – President, NEM.io Foundation, CEO, Dragonfly Fintech. A serial entrepreneur with more than 30 years’ experience, Lon is a blockchain thought leader and heads the NEM blockchain project.
  • – Antanas Guoga, Advisor – Member of European Parliament. Also known as TonyG, Antanas is a serial entrepreneur.
  • – Eva Kaili, Advisor – Member of the European Parliament. Chairman of the European Parliament’s scientific foresight unit. 

So a very strong team there, particularly in the advisory department. Having Lon Wong, the President of the NEM foundation, as an advisor is HUGE for the project. He is one of the leading figures in the blockchain space and his experience will be invaluable for taking the Bankera project forward.

Plus they have members of the European Parliament, leading experts in banking, accounting, tax, data, PR and a number of other specialities as advisors. And they have over 40 other team members, so this is no small project.

Overall we are impressed with the team and it looks like they have the relevant skills and experience to make the project a success.

 

Possible Disadvantages

As well as looking at all the positives of the project, it is also always worth looking at potential problems and disadvantages.

The main downside for us is that the banking licence isn’t forecast to be ready until early 2019 and lots of their services rest on getting the banking licence. So there will be quite a wait until we see all the products going live.

However, the good news is that they have existing products already producing revenue and a growing customer base, so it’s not like we have to sit on our hands for a year waiting for something to happen. Having working products and revenue coming in puts them well ahead of other ICOs and blockchain projects.

Disadvantages of Bankera

The other main issue to consider is that of competitors. 

There are already competitors in this space such as TenX and Crypterium and others are popping up all the time. Clearly banking and financial services are industries ripe for disruption from the blockchain.

At the same time though, there is clearly big demand from people to be able to use their cryptocurrencies in the “real world” through the kind of services Bankera is aiming to deliver and this market could be huge in a few years’ time.

So there may well be a big enough market for a number of major players to succeed and the fact that Bankera is already up and running gives it a head start in the field. As far as we aware, there aren’t any crypto banks that already have a banking licence, so Bankera is not behind the competition in that sense.

Of course there are always risks in the cryptocurrency space as it is a very volatile environment and there could be regulatory challenges ahead. 

However, we think the fact Bankera already has working products through Spectrocoin and has complied with regulation so far means it should be well placed to cope with any such challenges.

 

Conclusion – Bankera ICO Review

Bankera ICO

Overall Bankera is an ICO we really like and feel it is worthy of a PASSED rating and 4.5 stars. The project has quite a few things going for it. 

On the positive side we have:-

  • – Working products with a payment card, exchange and wallet already up and running
  • – Significant revenues in the millions of Euros already being generated
  • – Token holders receive 20% of net transaction revenues, with payouts of 10-15% annualized already being received and the potential for growth
  • – Customer base growing very fast and up to over 670,000
  • – Over €70m already raised in ICO from close to 60,000 participants – shows strong community support
  • – Big demand for people to be able to use their cryptocurrency in the real world
  • – Good team with wide range of skills and experience
  • – Lon Wong as Advisor, one of the biggest names in the blockchain space

There are competitors in the space but Bankera looks like it has the tools to be one of the leaders in this emerging field and is quite developed with its project.

So taking all this into account we are really excited about this project and have invested some funds into the ICO ourselves.

If the customer base keeps growing and therefore the transaction revenue, the payouts could become quite significant, which would be great. Plus of course if that happens then the coin may well surge in value as well. That is what we are hoping anyway. 

Either way though it looks like an exciting project and is one to keep an eye on.

You can check out the Bankera ICO here. 

 

 

Disclaimer: we are not financial advisors and the above article should not be taken as financial advice. Please do your own due diligence and research and take professional financial advice before investing. All cryptocurrencies are risky ventures so please only invest money you can afford to lose. Your capital is at risk. 

 

 

 

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Make Money on the Go!

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There are no excuses for not making BIG profits in 2018.

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Envion ICO – Make Up to 160% ROI!

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We have recently come across a new ICO (Initial Coin Offering) for a cryptocurrency called Envion and we think this has amazing potential.

Basically what Envion are planning to do is change the face of how cryptocurrencies like Bitcoin are mined.

If you are familiar with mining, you will know that it is very energy-intensive. It requires large rooms filled with masses of computer hardware that use up a lot of electricity as well as needing to be cooled, which requires additional energy.

A large proportion of mining farms are concentrated in China and Russia and are based on fossil fuel energy, the pollution from which is harmful to the environment and human health.

At the same time, something has been going on in energy markets that has surprised a lot of people. The cost of renewable energy – particularly solar energy – has been plummeting in recent years, putting it on a par or even cheaper than fossil fuel energy in some parts of the world.

Unfortunately though, in some particularly sunny places there are actually over-capacities of electricity – where more is produced than is needed locally.

So in places like California, they have to pay neighbouring states to take their excess electricity at times so it doesn’t overload their grid.

In other places excess electricity is effectively lost and in some areas such as remote parts of India, solar plants are not even connected to the grid because of low local energy demand. 

Envion intend to take these two different factors – the centralised nature of mining in Russia and China and the plummeting costs of renewable power – and disrupt them with a revolutionary new approach. 

What Envion plan to do is place mobile mining units (MMUs) right next to renewable energy plants like solar and wind farms.

In this way, they can take advantage of the very low energy costs and over-capacities of these plants and use the electricity to power their mining units.

Envion ICO

It is also beneficial to the owners of the renewable energy plants, because they will get paid for their electricity that would otherwise be wasted or sold for close to nothing. So in this way it will help make renewable energy plants more viable.

The plan is for Envion to have hundreds – and even thousands – of these Mobile Mining Units stationed around the world at places where there is plentiful, cheap electricity.

Therefore they will help to decentralise mining once again as well as having a business that is scalable, flexible and hopefully very profitable.

 

How You Can Benefit

Envion have structured their token sale so that you can benefit directly from their mining operations if you purchase Envion Tokens.

Basically, all of the profits from the mining operations will go to token holders. This will be apportioned in such a way that 75% of profits will go to token holders directly as dividends, payable weekly, and 25% will go into paying for more mining units.

This means the business should keep on growing and if things go well, this growth could become exponential: the more mining units they have, the more new ones they can make, and the more they have – and so on.

Projections on the Envion website estimate that with a $10,000 investment in the ICO, you could receive more than $177,000 over the course of five years, which would be a stunning return.

Profitable returns with Envion

Possible returns of a $50,000 investment – from Envion.org website

Now it should be borne in mind that these are just estimates and actual dividend payouts will vary depending on the profits, which in turn will depend on a number of different factors. However, Envion have produced some very detailed workings behind those figures, which you can check out here.

If returns do turn out that high, it would be a very profitable investment indeed for token holders.

It is also worth noting that Envion are aiming to secure deals with Third Party Operators (TPOs), who are outside companies that would pay for Envion’s mobile mining units and get a share in the profits.

Token holders would also get 35% of those profits on top of the profits they will already receive from Envion’s own mining operations, with no dilution. So the profits could actually be considerably higher than those forecast on the Envion website.

Of course, there are still risks that things could go wrong – technical problems, competitors, regulation and so on – so as with any investment you should be aware of the risks before taking part and do your own research and due diligence.

 

The ICO

The ICO commenced on 15th December and finishes on 14th January 2018 (or until all the 150 million tokens are sold, if that comes earlier).

They state that 91% of the proceeds from the token sale will go to the production and deployment of MMUs and 9% will go to research and development and administration.

The Envion Tokens (EVN) are priced as follows during the ICO:

  • – $0.90 per EVN token until 11.59 (GMT) on 21st December 2017
  • – $1 per EVN token until token sale ends on January 14th 2018

The ICO has been going extremely well so far, with over 100,000 people registering before the ICO even started.

There was over $20 million raised in the first 24 hours and over $35 million has been raised so far.

One investor even came in with an investment of $5 million, indicating a great deal of confidence in the project.

Envion also report that they have a potential nine-figure deal (i.e. over $100m) being discussed at the moment with a third party operator.

So all in all things are looking very exciting for Envion and this looks like being one of the most successful ICOs of the year.

You can check out the Envion ICO here.

 

 

 

Disclaimer: we are not financial advisors and the above article should not be taken as financial advice. Please do your own due diligence and research and take professional financial advice before investing. All cryptocurrencies are risky ventures so please only invest money you can afford to lose.

 

 

 

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Best Betting Systems 2017

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As 2017 draws to a close, it’s a good time to reflect on the betting year and pick the best betting systems we have reviewed this year.

In total we have trialled 65 systems this year – 19 have passed, 12 have been awarded a neutral rating and 14 have failed, whilst 20 trials are still ongoing.

Here are our picks of the best performers this year in each category:

Best Horse Racing System

The most competitive category and this year there were some outstanding performers, but the award for the Best Horse Racing System goes to the Elite Betting Syndicate, with over 180 points profit made and 10 winning months out of 12. 

Honourable mentions also go to DG Tips, who had an excellent year and the ever-consistent Master Racing Tipster, who delivered over 100 points profit for the fourth year in a row, which is an exceptional achievement.

Best Football System

Another competitive category and some very good results this year. 

However, with over 160 points profit made in 2017 there is a runaway winner and that is Pro Footy Tips. 

Run by a professional gambler with over 20 years experience, the service showed it has a clear edge over the bookies and made its followers some excellent profits this year.

Best Sports System

Quite a broad category this one and some strong contenders but latecomer Sports Spread Betting made a real splash, notching up over 1,000 points profit during our trial and continuing to amass profits each week.

We also want to mention the Golf Betting Expert who had a strong year with a number of big priced winners.

So there you have it, those are our best picks from 2017. If you have your own favourites for this year that we haven’t mentioned, please let us know.

Otherwise, have a great New Years Eve and we will see you in 2018 when we will have some massive new developments here at Honest Betting Reviews.

 

 

Get Tips from the Master for FREE!

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Those winners have contributed to a very nice 15 points of profit so far in September, to go with the over 80 points profit made already this year.

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Get Matched Bets for just £1!

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The new football season is within touching distance which means there will be a wave of free bet offers and promotions on the way from a number of bookmakers.

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Backing Irish Dominance at Royal Ascot Could Be Profitable

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Royal Ascot is the one the richest and most historic festivals on the racing calendar and this year’s five-day extravaganza will see a number of trainers from all over the world compete for huge prize pots once again. Visitors from France and the USA will be fancied for success by many punters but it could pay to side with the Irish to come out on top. 

 

Aidan O’Brien may have scaled down his Royal Ascot team but the Ballydoyle trainer sends an impressive string to Berkshire and he could be the trainer to watch at this year’s festival. One of his main hopes comes in the Ascot Gold Cup with Order of St George odds-on for the race over 2 miles and 4 furlongs. O’Brien has won this race seven times already and is hoping his charge can double up after a 10/11 success in this contest 12 months ago.

Churchill looked mightily impressive in the Guineas and headlines the first day of the festival partaking in the St James’ Palace Stakes. O’Brien will be hoping his stable star is able to add to his already impressive record this season. Caravaggio and Winter also feature prominently in their respective races. The former is unbeaten in four starts and is heavily favoured for the Commonwealth Cup whilst Winter is expected to make her class count in the Coronation Stakes.

Sports bookmakers including William Hill have a number of specials priced up for the festival, which can be found at http://sports.williamhill.com/bet/en-gb/events/royal-ascot and these include ‘Number of Irish Trained Winners’ and ‘Top Trainer’. Predictably, Aidan O’Brien is the odds-on favourite for the trainer title at the festival, priced at 1/5, but there is more value to be found elsewhere.

The bookies are offering 13/8 for ten or more Irish-trained winners and this looks the best bet here. Joseph O’Brien, Jessica Harrington and Willie Mullins are all sending a strong string of runners across to the Berkshire track and they could have a big say at this year’s festival.

 

Harrington sends a handful of runners including the impressive Brother Bear and Centauri, who are both unbeaten as two-year-olds. They are both well fancied in the betting, with the latter priced at 13/8 for the Albany Stakes.

The trainer who has had success at both Cheltenham and Fairyhouse already this year has admitted a Royal Ascot winner is her “next ambition“. Joseph O’Brien is also searching for his first winner here. The Irish contingent landed 10 winners at the 2016 festival breaking their previous record and there’s no reason why they can’t go one step further this time around.

Ambitious punters may be interested by the 10/1 on offer for ‘More Irish Trained Winners than the rest of the UK and US combined’. Aidan O’Brien’s name is likely to dominate the headlines at Royal Ascot once again but he is just one of many trainers who’ll have their impressive string firing on all cylinders and there looks to be value in backing Irish dominance once again.

 

 

 

horse racing

What A Weekend of Betting!

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It is quite a weekend of betting coming up with some fantastic events to get stuck into.

First up at Epsom we have the Oaks on Friday and the Derby on Saturday, one of the biggest races of the year.

There are 19 runners due to to go post in the race and the ground is currently good.

At the moment, Cliffs of Moher and John Gosden-trained Cracksman are the joint favourites in the betting at 4/1, with Eminent the third favourite at 7/1.

If you are looking for free tips for tomorrow’s race, here are a few sources we can highly recommend:

  • Betting Gods – a highly respected website providing free tips for those who sign up plus there are a range of paid tipsters, with some excellent records of profit accumulated
  • Tipster Street – another high quality site provding both free tips – which made over £530 per month to just £10 stakes in 2015 – plus a number of paid tipsters
  • Betting Bias – a free tipping website with a record of over 1500 points profit since being established in 2011.

Then on Saturday evening there is the Champions League final to look forward to, with holders Real Madrid taking on the Old Lady of Juventus.

There are a whole host of free bets being offered for the final, meaning it is a great chance to make some risk-free cash. Here are the some of the best offers:

  • William Hill – £100 winnings boost – If there are 4 or more goals in the Champions League final, you’ll get an extra 25% free bet bonus on top of your winnings, when you bet on Match Betting, Both Teams To Score or Match Result & Both Teams To Score.
  • Coral – Double winnings up to £100 – Place your single bet of £/€5+ on the 90 minute Match Result market for the final and if your team wins both halves, they’ll double your winnings as a free bet up to £/€100.
  • Ladbrokes – £75 refund – If the final results in a draw they will refund losing bets on that match up to £/€25 per market, as Free Bets. Money Back as a free bet up to £/€25 on losing Correct Score, First Goalscorer and Half-Time/Full-Time bets.

Please see each of the bookmakers for the individual terms and conditions of the offers.

So plenty of opportunities there to make some risk-free cash.

Get dozens more offers like this and make up to £500 risk-free every month with our number one recommended betting product here.

As if that wasn’t enough, you also have French Open tennis, the ICC Champions Trophy in cricket and golf from the Memorial Tournament.

So all in all it should be a cracking weekend of punting!

As ever, if you are going to have a flutter on this weekend’s events, please gamble responsibly. 

 

 

 

betting gods vip pic

Become a Betting VIP

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How would you fancy becoming a Betting VIP?

Well, now there is an opportunity to do just that with one of our recommended services. 

If you have been a long-term follower of Honest Betting Reviews then you will know that one of our favourite betting services is a tipster platform called Betting Gods.

They have produced some of the very best tipsters we have ever come across, including the magnificent Quentin Franks Racing – now over 1,000 points in profit in total and Master Racing Tipster – a service with a long-term ROI of close to 34%, a quite incredible achievement.

Betting Gods have a number of other superb tipsters that have passed trials here on the site and continue to perform well, including:

Well now you have the chance to become one of Betting Gods’ VIP members. 

But why would you want to become a VIP and what are the benefits?

– You’ll receive exclusive horse racing and football tips including festival specials (we’ll be publishing tips throughout Cheltenham)

– You’ll gain access to VIP-only discounts on current and future Betting Gods tipsters ranging from 10% to 50% off, for life!

– Knowledge is power and it’s why we’ve put together an extensive collection of betting tutorials which you’ll also gain access to

– You’ll also have access to every interview we complete with industry experts and people in the know. 

All of this for just £10 per month and you’re free to cancel at any time. 

In fact, if you’re not happy then they’ll send your £10 back. That’s how confident they are that you’ll enjoy being part of the VIP community. 

So sign-up now and turbo-charge your betting with Betting Gods’ VIP membership! 

spyware

Jolly Lock IP – Stop the Bookies from Snooping on You

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As you may be aware, the bookies are watching us all. Yes, by using spyware and other monitoring tools like iesnare, they are watching the online activity of their customers to see if they are doing matched betting, arbing and other strategies designed to beat the bookies.

The bookies’ business model is based on the vast majority of punters losing money. Most studies have put the figure at between 98% and 99.5% of punters losing money in the long run.

 

Matched Betting Changes the Game

In recent years this has started to change though, down in large part to matched betting – the technique of systematically exploiting the bookies free bets and bonuses using the exchanges to ensure risk-free profit.

You may well be a matched bettor yourself, using one of the excellent products like Profit Maximiser that bring together all the bookies offers in one place and shows how to exploit them.

Matched betting has become a huge industry in itself and recent reports have suggested it is costing the bookies approximately £20m per month.

Indeed, some people have turned matched betting into a full-time career, earning £20,000 to £30,000 per year from it.

 

The Empire (i.e. Bookies) Strikes Back

Unsurprisingly, the bookies are not happy about this. Not happy at all.

And what made things worse for the bookies was that they had a problem in identifying matched bettors. Shrewd matched bettors have been using techniques such as mug betting to disguise their activity, making it look like they were poor punters taking the occasional free bet or bonus.

So the bookies felt there was no option but to resort to spying on us. This has been well documented elsewhere and the bookies do not seem to even deny it.

They can track all of your activity using special spyware – which websites you visit, where you click, what bets you place – and yes, they can see you matched betting.

You won’t even know they are doing it – it is all done completely quietly in the background. 

The Empire had struck back.

Some would – and indeed have – questioned the legality of this. For the time being though, it is legal and the authorities such as the Gambling Commission have generally seemed to be more on the side of the bookies rather than the punter.

In any event, once the bookies have seen you matched betting then the chances are they are going to shut you down – by closing your accounts, stake-limiting you or removing the free bet and bonus offers from your account.

 

Turning the Tables Back to the Punter

So, it appeared that in the long-running battle between bookie and punter, the former had won.

That is until now, with a company developing a solution to stop the bookies spying on us.

The tool in question is called Jolly Lock IP and it significantly reduces the chances of having your bookie accounts closed.

It is a fully functioning protection tool that stops spyware and other monitoring techniques from tracking your activity. It has been designed specifically for bettors. The market has been crying out for something like this and thankfully it has arrived.

Basically, Jolly Lock IP is a specifically designed VPN for bettors that has significant advantages over traditional VPNs:

  • Jolly Lock IP allows you to run multiple IPs per computer and doesn’t just restrict you to one
  • It can run with FLASH websites, as opposed to other VPNs that can’t and therefore reveal the underlying IP when playing things such as online games and casinos.
  • Some VPNs will use IPs that have already been used before and therefore appear on a banned IPs list that the bookies have access to. You will not have this with Jolly Lock which will issue a completely new IP.
  • Jolly Lock will also issue a dedicated static UK based IP address.

Because the IP is a UK one, you can even use it to bet when you are abroad, something you may have found a real problem if you have been on holiday to places like France and Spain recently!

 

So What About Setting it up?

Well it’s all pretty simple really. Just a standard download and install, all takes just a few minutes and has full instructions so you can’t go wrong really. It works with both Windows and Mac, so all bases are covered. 

Once you have installed it, you just click on the Jolly Lock icon on your desktop, sign in and away you go. You just open the websites you want as normal and start betting. 

 

Is it Any Good?

Well it certainly does what it says on the tin.

Flash loads with no problem, it runs fast and there are no problems using sites like Betfair, which all run completely smoothly.

I have been doing some matched betting with it and to date have experienced no problems with the bookies at all, so that is a very good sign. 

In terms of cost, it is on a par with other VPNs so if you were thinking of switching to a VPN then Jolly Lock should be the choice of all gamblers going forward now. 

This really could change the game completely in the centuries-long battle between punters and bookies. If you are doing any matched betting at all or are a successful gambler than this piece of kit should be essential for you. 

Plus it is nice not to have people spying on you!

We thoroughly recommend Jolly Lock IP and you can try it out by clicking here.