Welcome to the Honest Betting Reviews blog. Here you can find the latest updates on betting systems and tipsters currently under review as well as our tips on how to beat the bookies with the best winning betting systems we have profited from,
There are a couple of fantastic offers to tell you about today, from two high quality tipsters that you don’t want to miss.
The first comes from Value Racing Tips, a horse racing service we reviewed back in October 2015 and gave a 4.5 star rating to.
Since commencing tipping back in 2013, Value Racing Tips have made an exceptional 450 points profit at a return on investment of over 16%.
They are one of the most consistent services we have come across and are truly deserving of a place on our recommended tipsters list.
For today only as a Black Friday offer, you can get Value Racing Tips until the end of 2017 for a one off fee of just ยฃ150.
If you were to wait until tomorrow to join, for the same period, you would be looking at paying over ยฃ650!
That is a phenomenally good offer and if you consider that backing the tips to just ยฃ25 per point would have made you ยฃ300 profit per month, then ยฃ150 for over a year’s tips is an absolute steal!
So don’t miss out, you have until midnight tonight to sign up or you will have to pay the normal price which is substantially higher.
The second offer we have to tell you about is from a brilliant football tipster called The Football Guru.ย
If you’re after a decent deal on a profitable football tipster then you cannot go wrong with The Football Guru. Since July 2015, he has produced close to 230pts of profit by winning nearly half of his bets on the football.
That’s been achieved with a return on investment of over 20%, which is superb for football.
For just ยฃ100 (that’s around ยฃ7.60 a month), you can receive selections from The Football Guru from today through to the last day of NEXT year.
After today however, the Football Guru will become subscription based at ยฃ29.95 monthly.
We have been following these tips since September last year and can verify that they are completely true and accurate.
So if you want to get these tips at a massive discount, make sure you sign up before midnight today and get all these fantastic football tips at the amazingly low rate of just ยฃ100 until 31st Dec 2017.
https://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.png00Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2016-11-25 12:49:492023-08-02 20:18:57Huge Discounts on Top Tipsters
You spend months, years, decades even, developing a successful betting strategy that allows you to earn a decent income from betting and enjoy the life you deserve.
Or you are using a matched betting product like Profit Maximiser and earning a nice few hundred quid a month risk-free.ย
And then just when it is going well and the cash is rolling in, the bookies go and shut you down.
Yep, they send you a terse e-mail telling you that after analysing your betting activity, they no longer want you as a customer and your account is being closed with immediate effect.
It is exceptionally unfair that bookmakers can do this with impunity. After all, they are multi-billion pound companies and surely having a few winning accounts is not going to bring them down.
The good news though is there are a number of steps you can can take that will greatly increase the chances of your accounts being left open.ย
Below we go through these in detail, giving you our hints and tips amassed through years of experience.ย We have split the list into do’s and dont’s as this is the easiest way to describe what to do.ย
The key thing to try to do is put yourself in the mind of a bookie and think what they like and what they don’t like. Basically they love “mug punters” who aimlessly bet on a whole host of things and hate shrewd, controlled bettors who specialise. But more on that below…
Keeping your Bookie Accounts Open – The Dont’s
First we look at the things you definitely should NOT do if you want to keep your bookie accounts open as long as possible:
1. Don’t Arb
The number one thing on the bookies’ most hated list is arbing. They hate it. Like really, really, hate it.
There is probably a good reason why the bookies detest it so much. Arbing is one of the surest ways of winning at betting and there is nothing the bookies hate more than someone who wins.ย
If they let people get away with arbing, everyone would do it. What would be the point in betting anymore? There is plenty of software out there that can instantly identify arbs between all the bookies and exchanges, so it would be easy as pie to do – and you would be guaranteed to make money long-term.
And then the bookies’ entire business model would be dead. The punter would have won.ย
Arbing is one of the very few things we understand the bookies taking action on. They shouldn’t be allowed to limit the accounts of people who win by genuinely betting, but it is fair enough for them to stop arbers.
So if you are thinking of arbing, don’t do it. They will shut you down faster than you can say “told you so.”
At the same time, it is important not to do things that are close to arbing and could flag up on the bookies’ radar.
This would be things like finding a bookie who has slightly higher odds than the current Betfair price and backing with them. Even if you are not arbing by laying the same selection on Betfair, it will flag up on the bookie’s system as if you are.
Stan James in particular clamp down very heavily on this sort of thing. They often have slightly higher odds than Betfair for horse racing for a short time – perhaps their systems are a bit slower at updating the odds than other bookies – so there is great temptation to exploit these good odds. But you shouldn’t.
The bottom line is that if it has a whiff of arbing about it, the bookies will jump all over it.ย
2. Don’t do Cheeky Each-Way Punts
In a similar vein to arbing, the bookies really don’t like it if you exploit certain situations systematically that give you an edge.
One classic example of this is the cheeky each-way punt.
Basically, in some races where you have a very short-priced favourite (less than 1.5), the next two or three in the betting will offer excellent value as each-way bets.
Betting each way in lop-sided races is big no-no for the bookies.
This is because to win the race, their odds will be quite high, given that there is a short-odds favourite. So as an each-way bet, you will get great value for the place part of the bet, because there is a good chance these horses will finish in the places, even though it’s unlikely they will win the race.
You could in theory exploit this by either laying off the win part of the bet to always secure the place value, or just back the each-way bets and profit from the long-term value they provide.
But the bookies really don’t like this and if you do it repeatedly, there is a high chance they will close or limit your account.
There are other ways of cleverly exploiting each-way bets to make a profit without incurring the bookies’ wrath, such as Each-Way Sniper.
But overall, anything that looks like you are exploiting a “loophole” with the bookies is likely to get you shut down.
Work out if it is worth losing your account for the sake of the short-term gain these opportunities may provide. ย
3. Don’t Follow Well-Known Tipsters
It’s very tempting. You see the heroics of Pricewise in the Racing Post or the incredible results of Hugh Taylor from Attheraces and think “wouldn’t it be nice to just follow their tips.”
Don’t do it!ย
Sadly, the bookies are well aware of the tips of these very famous tipsters and the fact that thousands of punters follow their selections.ย
This presents two problems for them: firstly, when a huge number of people are all betting on the same horse, it is going to mess up their books pretty badly. Secondly – and certainly in the case of Hugh Taylor and to a lesser extent with Pricewise – their results are very impressive, so the bookies won’t want lots of punters winning money off them on a consistent basis by following these tips.
There are one or two other tipsters the bookies are wary of – such as Equine Investments and Steve Lewis Hamilton, who have very respected reputations in the gambling business.
Lesser known but still very successful tipsters such as Quentin Franks may not be such a problem – the bookies can’t keep tabs on all of the thousands of tipsters out there after all.
But it is definitely a good idea to avoid following the tips of Pricewise and Hugh Taylor. After all, as our review of the latter found, it is very difficult to make a profit from them anyway.
4. Don’t Bet Big
One of the clearest separators of a mug punter from a pro is the size of their respective stakes.ย
Whilst the mug punter likes his – or her – ยฃ5 and ยฃ10 flutters on this and that, the pro will have wagers often in the hundreds or even thousands of pounds.
Now obviously there are some very bad punters out there who bet with big stakes too and you would think the bookies would love them the most.
However, our own experiences have shown that even when you have a losing account, once you have landed a couple of ยฃ100 bets on say a 12/1 or 14/1 shot, you will show up with flashing lights on the bookies’ radar. And it won’t take more than a couple more of these winners – taking your account into profit – to have you shut down.
The vast majority of punters bet with small stakes and only a select number regularly bet at over ยฃ100 stakes, so betting big really stands out in the monitoring systems the bookies use.
So really the bottom line is to avoid wagering at more than ยฃ50 a bet – and if you do bet above that level, make sure your account is a losing one!
5. Don’t Just Bet on Outsiders
A natural extension of point 3 above is that bookies also tend to separate mug punters from professionals by how they bet.
Mug punters tend to bet on favourites whilst professionals bet on outsiders.ย
If your account is made up of just long-shots, this is much more likely to signify you are a shrewd gambler.
Conversely, if you are backing odds-on shots all the time, the bookies will think you are probably a mug. There is more on mug bets below in the “Do’s” section (points 3 and 4).ย
6. Don’t Just do Free Bets
If you are a matched bettor using a product like Profit Maximiser, there is the potential to make a very handy income by utilising all the bookies’ free bets and bonuses.ย
However, if that is all you do, it is also one of the surest ways to get your accounts shut down.ย
Profit Maximiser is a great tool but be careful how you use it.
Not surprisingly, the bookies are well aware of matched betting now and if your account is just made up of free bets, they will know what you are doing and give you the heave-ho.
If you are a matched bettor, it is strongly recommended to mix up your free bets with some “mug bets” – more on that below. But the bottom line is to make sure your account isn’t just a bonus bonanza.
7. Don’tย Keep Large Winnings in Your Account
This is probably a less important point than the previous ones, but the bookies would be wary of someone who kept a large amount of say a grand or more in their account after a big win.
It could indicate a professional approach of someone who knows they are going to put on some sizable bets in the near future.ย
At the same time though, the bookies don’t tend to like people who and constantly move money in and out of their accounts as the bookies incur fees when you do.
So how to strike a balance?
Well, the best thing to do would be to keep a small amount (say ยฃ100 – ยฃ200) in your account if you know you are going to be betting regularly with it, otherwise withdraw all your winnings. But try to use a service such as Skrill to do so, which doesn’t cost the bookies anything.
Keeping your Bookie Accounts Open – The Do’s
OK, so we have covered the big no-no’s in betting terms. But what about the things you should do? Well, these are covered below.
Remember, the key thing is to make yourself look like a mug punter (which hopefully you are not actually!)
1. Bet in Round Numbers
A sure sign that you are either arbing or doing matched betting is if your stakes tend to be precise amounts such as ยฃ25.42 or ยฃ37.91 rather than ยฃ25 or ยฃ40.
No one would bet in such precise stakes by choice – someone betting normally would use round numbers.ย
As we say above, you shouldn’t be doing arbing anyway. And if you are going to do matched betting, then much better to use round numbers for your stakes to put the bookies at least a little off your scent.
Simple things like this can make a big difference.ย
2. Monitor your Betting Accounts
One of the surest ways to get your betting accounts restricted is if they are in profit. Therefore it is important to keep an eye on how each of your accounts is doing.
You can do this quite simply by keeping a record of the weekly or monthly total for each account you have, in a spreadsheet for example. ย
If any of them are running into profit, it is time to take action. See point 3:
3. Bet Like a Mug
In order to give yourself the best chance of keeping your bookie accounts open, in amongst your normal bets, you should try to bet like a mug punter.
How do you do this?
Well, it consists of placing lots of ยฃ5, ยฃ10 and ยฃ20 bets in the following ways:
Back favourites – odds-on favourites and popular ones like Man Utd, Arsenal etc are best.
Place accas – bookies love accumulators, they are the ultimate sign of a mug punter. Stick on a few ยฃ10 accas of say six Premier League matches or the top five favourites on the coupon.
Bet on different sports – another sure sign of a mug is someone who bets on a whole load of different sports. It is very difficult to become an expert in one sport, let alone more than one. If you bet in lots of sports, it will look more like you are a mug. Chuck in a few random sports that you would never normally bet on, like basketball or Gaelic football.ย
Place multi-sport accas – even better, combine the two above! Now you are really becoming a mug punter.
Bet on big events – the Grand National, FA Cup Final, England internationals, Wimbledon, the Ryder Cup, the Ashes etc. A classic mug tendency is to get sucked in by all the hype and bet on these events willy-nilly.
It is probably best to use a product like Oddsmonkey to lay off your bets so that these mug bets are risk-free. Obviously be careful though to ensure you don’t use any bets that look like they could be arbs – i.e. when the bookies’ odds are above the exchanges’.
If you do enough of this mug betting, you are almost certain to lose. Accumulators are terrible value and doing lots of them is the fastest way to the poor house. Just keep doing these bets until your accounts are in negative territory.
ย 4. Do “Super-Mug” Bets
OK, if you really want to supercharge the situation and get the bookies to love you, then you can take things to the next level and become a “supermug.”
To do this, leave sports betting aside for a moment and enter the world of the casino, slots and games. This is what the bookies really want you to do and where they make most of their money. The margins on sports betting are pretty thin but much better on the casino and games, so they are a lot less likely to close your bookie account if you are doing some of this too.
Obviously you want to be careful you don’t go and lose a lot of money on their casinos. Just a few bets here and there is fine. Who knows, you may even win…
5. Spread your Bets Around
As we have advised above not to bet too big, then it naturally follows that if you do want to place some larger wagers, it is best to spread your bets around.
So if you want to place a ยฃ100 wager, try three separate bets of ยฃ30, ยฃ30 and ยฃ40 with three different bookies.
And try not to place all your selections with the same bookie but spread them around.ย
6. Don’t Bet Through an Odds Comparison Site
You shouldn’t bet through a link to a bookie from an odds comparison site such as Oddschecker. This is because bookies will take this sign that you are not a mug (i.e. you are searching around for the best odds) and could limit your account. Sky Bet allegedly used to automatically limit accounts of people who came through to them via Oddschecker.
The best thing to do, once you have checked the odds with an odds comparison site is to then open the bookies’ site separately in a new tab.ย
7. Use Exchanges Where You Can
It may sound like stating the bleeding obvious, but is a point that is missed sometimes and is an important part of keeping your bookie accounts open.
Basically the simple facts are that if you are a winning gambler, there is a higher chance your accounts will be limited.
So to keep your accounts open longer, by placing bets on the exchanges where you can it follows that your winnings with the bookies will be lower, all else being equal.
It is always worth looking at whether there is a price available at the exchanges that is equal to or higher than the bookies. If so, place it with the exchange.
If you are following a tipster, then have a look at whether you could achieve similar results with that tipster by using Betfair SP.
That is one of the reasons we record Betfair SP results for all of the horse racing services we review. So you can look at the results and if there is not much difference, it might be worth using Betfair SP to follow that tipster and therefore preserve your bookie accounts for longer. Typically we see that services that tip at higher odds (e.g. over 10/1) often see better results at Betfair SP.
Sometimes a bookie will offer better value and so you want to bet with them, which is fine. But some judicious use of the exchanges can help to keep your bookie accounts open for much, much longer.
What to do if Your Accounts are Closed
Now of course you may have already lost your bookie accounts or it may be that even taking all the above steps, the bookies decide they just don’t like the cut of your jib and decide to limit or close your account.
There is a certain amount of randomness to this. For example, personally I have accounts where I have broken just about every rule above and yet the account is still open and not limited in any way – Bet 365 being an example. And yet there are others where I have done practically nothing wrong and even been in deficit, but they still close the account (Sky Bet looking at you).ย
Overall though, following the guidance above will make a huge difference to your chances of keeping your accounts open, whilst there may be one or two exceptions to the rule.ย
Let’s say your accounts have been limited though.ย What do you do then?
1. You May Still Have Options
Firstly, sometimes your account has been limited but it is not necessarily the end of the story. The bookie may have limited you in certain sports, or to stakes that are reduced but that still enable you to get reasonable-sized bets on.
A number of my personal accounts are like this. Paddy Power have limited my account on horse racing and golf, but I can bet as much as I want on other sports. William Hill similarly have limited me on football and horse racing. Sportingbet just on horse racing.
So don’t panic if you do suddenly find yourself limited – it may just apply to one or two sports.
2. ย Ask your Auntie Linda
Ok, let’s say you have suffered proper shut down and the bookies have cut you off completely. What do you do next?
Well, if you really want new accounts then one thing you might think about doing is finding a family member or friend who is prepared to let you set up credit cards and accounts in their name.
Now obviously it would be less obvious to the bookie if that person has a different surname and address to you!
Using your wife / husband / brother’s account if they have the same name and/or address as you will probably flag up much quicker on the bookie’s system and they could well shut you down straight away.
Now just to be clear, we are not recommending that you actually do this and get a family member or friend to set up credit cards for you in their name. For one thing, we are not sure of the legality of it. But we are just pointing out that it has been known for people to do this.
3. Use a VPN
If you did go for the family member/friend option, then bear in mind that the bookies could still link the new accounts to your old ones via your IP address (i.e. the address of your internet connection).ย
One way round this is to set up a Virtual Private Network (or VPN). This creates the impression that you are using a different IP address and should overcome the problems of the bookies linking your new accounts to your old ones via the IP address.
VPNs are fairly cheap and straightforward to set up these days as well.
Or you could use a dongle, which also uses a different IP to your home IP, although most dongles will cost around ยฃ15-ยฃ20 per month, depending on how much you use the internet.
4. Remove Spyware
In the endless battle between bookie and punter, you might have thought the steps above would have given the punter the upper hand.ย
There are reports of bookies using spyware to see what punters are doing.
But never forget the deviousness and resourcefulness of the bookies. Remember, they hate winners and will do whatever they can to stop them. Plus they are multi-billion pound business so have the money to invest in whatever systems they need to keep us punters down.
Recently it has emerged that bookies are allegedly using spyware to track the activities of punters, to see if they are using exchanges, doing matched betting etc.
The legality of this appears questionable and indeed there are reports of punters bringing legal challenges to the bookies for using Spyware.
But whilst the legal cases go on, it is probably best that you take steps to protect yourself from the bookies spying on you.
There is a very good and detailed article on it here.ย
Conclusion – Prevention is the Best Cure
The bookies don’t want you as a customer if you win money, that is an unfortunate fact and for the time being, they are legally allowed to do this.
There are lots of things you can do to keep your bookie accounts open though and as with so many things in life, the best cure is prevention.
Best to take steps to stop the bookies shutting you down in the first place, as once you have lost your accounts then the course of action for setting up new ones is onerous and time-consuming.ย
So basically don’t do any arbing or try to exploit loopholes and try to place a good number of mug bets to supplement your normal betting.
When the bookies come to study your account, the more like a mug you look, the less likely they will be to close or limit your account.ย
https://www.honestbettingreviews.com/wp-content/uploads/bookmaker-image.png7131000Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2016-11-23 17:52:582023-08-02 20:29:30How to Keep your Bookie Accounts Open
A question we are often asked here at Honest Betting Reviews is what the best football tips are.
We have scoured the internet looking at hundreds of football tipsters and betting systems in search of the very best.
Frankly, most of those we encounter are a load of rubbish. Plus there are plenty out there with fake results or overblown claims about how much money they can make you.
It can be a depressing job at times to see how much dishonesty there is out there.
However, the good news is that there are a few hidden gems that shine out. Yes, thankfully there are a small number of very good football tipsters out there.
Ones with honesty and transparency, as well as excellent long-term results.
Below we detail in full what we view as the best football tips around. Enjoy!
The Top 10 Best Football Tips
Here is our list of the best football tips you can get your hands on right now to start making some money, starting at number ten and working our way down to number one.
ย ย 10. ย Football Advisor
Entering the charts at ten is one of the most respected football tipsters around is Football Advisor, who started tipping just before the 2014 World Cup and have amassed 350 points profit since then.
They have managed a strike rate of over 35% in the time they have been in operation and a return on investment of over 20%, which is pretty strong tipping.
During our three month live trial, they could only manage 8 points of profit at a return on investment of 4%, but that was one of their quietest runs since the service began, so taking their record overall you would have seen some good profits.ย
ย ย 9. ย Anthony Viduka
The Bet Advisor platform offers a number of football tipsters from around the world. One of the best ones is Anthony Viduka, who has made just under 7,000 units profit since starting tipping in March 2016.
His profits have been achieved with a return on investment of over 17%, and a win rate of well over 50%. These are very solid stats and if they continue over the long term, will mean Anthony could well move up this list from number nine.
ย ย 8. ย Betfair Renegade
In eighth place in our list, comprising part of the awesome Profit Maximiser matched betting product, Betfair Renegade is a limited membership package involving selections for betting on football.
Betfair Renegade itself is a piece of software that generates value football selections. What is great about it is that all the selections are based on the Betfair price, so you don’t have to worry about whether you can bet with the bookies.ย
During our trial of Betfair Renegade, it made an excellent 233 points of profit at a return on investment of 14%.
It’s incredibly simple to use – just open the software and then it tells you the selections for the day.ย
This is only sold on a limited basis however, so you need to check with Mike Cruickshank at support@bonusbagging.co.uk as to whether it is currently available.
Well worth a look if it is available.ย
ย ย 7. ย Betting Bias (Football)
It is often these days that you get any tipster offering their tips for free, much less tips that have a very strong winning record.
That however is what you get with Betting Bias, which is a website run by a team of professional gamblers. They provide tips in a number of sports, but here we are concentrating on their football tips, which are a major part of the Betting Bias offering.
Their football tips come mainly in the Premiership, with some other tips in the Champions League and Europa League. They have a particular strong record with their ante-post tips, with winners such as Harry Kane to be top goalscorer in the 2015/16 season.
With a lifetime return on investment standing at over 20% and well over 1000 points profit made, the tips of Betting Bias are highly recommended. Oh yes, and they’re FREE!
ย ย 6. Accumulator Generator
Whilst not technically football “tips,” Accumulator Generator is such an impressive footy betting tool that we thought it worthy of inclusion here at sixth place on our list.
What it does is provide selections for footy accas that can guarantee you a profit whatever happens. Yes you read that correctly, this is a pretty awesome piece of betting software. It uses a very clever formula to manipulate the bookies’ acca insurance offers to create value for the punter in a very low risk bet.
On average, each acca you do will make you around ยฃ10. It only takes a few minutes to do each one, so if you can do just two per day, you could easily make over ยฃ500 per month or ยฃ6,000 profit per year.
As football fans, pretty much everyone loves the lure of an acca, so the brilliant Accumulator Generator gives you a means of making sure that your accas bring home a very tidy long term profit.
ย ย 5. Thomo’s Tips
Provided through the Tipstrr betting platform,Thomo’s Tips is a straightforward football tipster who was the first to pass a three month trial here at Honest Betting Reviews.
During that trial, Thomo (aka Andy Thompson) made 2369 points profit at a return on investment of 21%, which as we have mentioned above is a very impressive total.
Most tips come in the English Premiership and Football Leagues, with additional bets in European competition including the Champions League and Europa League, so you are talking about big matches with very high liquidity and there is no problem about getting advised prices.
OverallThomo’s Tips is an excellent service and well worth adding to your portfolio.
ย ย 4. Goal Profits
In at number four on our list is Goal Profits, a complete football betting and trading package, with a myriad of great items to help you make some cash from the beautiful game. They have won numerous awards, including the best football trading product three years in a row!
Its main offering is a suite of 28 football trading systems, with full guidance and training videos explaining how they work. There is a chat room where you can follow the live trades of seasoned professional traders and chat with other members about all things football betting related.
In addition, Goal Profits also offer football betting tips, with in particular the Daily Best Bets being worth following. In the first three months of the season they made over 24 points profit, at a return on investment of over 24%, which is pretty handy.ย
The tips are based on a database of thousands of matches from around the world, called their “team statistics.” These use stats from a variety of different markets to try and identify value in particular matches for their members. A great deal of work went into building the team stats software and it is bearing fruit for the hard labour that it took to construct.
ย ย 3. The Sports Guru
At number three on our list is one of the best tipsters we have come across in the form of The Sports Guru, who has amassed some very strong results since starting tipping in June 2015. With over 400 points profit made, that equates to over ยฃ4,000 to ยฃ10 stakes, or over ยฃ10,000 if you are able to afford slightly higher stakes of ยฃ25 per point.
Although the Sports Guru tips in a variety of sports, his real forte is in football, where a large portion of the tips come from. There are tips in a variety of leagues from across Europe, with the focus on the Premiership and English Football Leagues.
Looking at the strike rate of The Sports Guru, it is a healthy 40%, meaning again we are talking about strong winning streaks and the losing runs should be kept to a reasonably low level.ย
Another excellent service that comes highly recommended.ย
ย 2. Banker Bets
As the name suggests, Banker Bets is about betting on the so-called “bankers,” or short-odds selections that are so popular with punters and is the second-best provider of football tips in our chart.
The difference with Banker Bets is that the kind of bankers they back are value selections that are at higher odds than they should be. There is a myth in betting that you only get value by backing at high odds, but that isn’t true. There can be just as much value in a 1/3 shot that should be 1/4 as in a 10/1 shot that should be 9/1. ย
The service used to include tennis but now focuses almost entirely on football, with a few bets from US sports. This is because it has achieved far better results from betting on football than on other sports.ย
Overall the service has made over 240% profit since being set up, which means if you had started off with a ยฃ10,000 bank it would now be worth ยฃ34,000. A damn sight better than the kind of interest you would get from any bank right now!
The really great thing about Banker Bets though is that the vast majority of the tips have been winners – over 80% in fact. Imagine winning 8 out of every 10 bets you place and still making a really good profit! That it what they have done consistently for over two years, which is highly impressive.ย
ย ย 1. The Football Formula
The Football Formula is a superb football tipster who has produced astonishing results since starting tipping in May 2016 and grabs the top spot on our list of football tips.
The service has been averaging over 10 points profit per month, which is excellent going. At ยฃ100 per point that would be ยฃ1000 profit per month, a very nice additional income.ย
With a strike rate of over 75%, the vast majority of your bets have been winners which means you can stake a good proportion of your bank on each selection. Plus there should be minimal losing runs, which makes it much easier psychologically to follow than tipsters with low strike rates, who you sometimes need nerves of steel to continue following when they have losing streaks that can last weeks or even months.
The return on investment so far for The Football Formula has been over 20%, which is pretty exceptional in football terms. Most of the time when tipping on the beautiful game, you would expect an ROI of somewhere around 5% and certainly any higher than that is considered very good indeed.
Quite a large proportion of the bets are on the over 2.5 goals market, which they seem to have developed a special affinity for. Perhaps they even have a “formula” for it, as their name suggests.
Either way, The Football Formula is a top football tipster and their tips to date have been first class. Highly recommended and the deserved number one on our list.ย
Conclusion
So there you have it, our comprehensive list of the best football tips out there. We have done a great deal of research and testing to find the most profitable tipsters around, so hopefully this list will help to improve your footy betting.
Whilst most of these are paid services, you can also check out our list of top free football tips here, which could be another option if you are against paying a monthly subscription fee.
Either way, you should have some good options available to you for betting on the beautiful game.ย
And as well as tipsters, there are other routes you can take to profitable footy betting. You can take a look at our article on how to win football bets and hopefully this will help supercharge your returns!
https://www.honestbettingreviews.com/wp-content/uploads/footballer-mid-air-kick.png400800Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2016-10-30 08:15:542025-06-23 14:24:04Best Football Tips
In recent years everyone has become aware of the โdisrupters.โ
You had Uber, the big disrupter in the world of taxis.
Airbnb has shaken up the hotel industry.
And the likes of Spotify โ and before that Napster โ changed the game in music.
Now there is a new app coming very soon that threatens to completely shake up the fantasy sportsย โ and maybe even betting โย world.
The app is called Firefan and you can download it here.ย
The company who have developed the app are pulling out all the stops to make it a massive global success.
Firefanย has been designed by Mark Mongie, previously head of EA Sports and the brains behind the hugely successful series of โMaddenโ NFL games.
And apparently the developers have spent over $30 million buildingย the app and already have over a million people from 200 countries signed up to download it, very impressive figures indeed for a pre-launch.
How Does it Work?
So what is all about exactly?
Well, Firefanย allows you to make predictions โ both before a game and in-running โ on sports events and then depending on how well you do, you can winย prizes.
Basically, before the game you get the chance to predict a number of things such as the match winner and the score.
Then once the game is in-play, it offers you up the chance to predict all sorts of things, such as who will score next, whether there will be a penalty, if someone will get sent off, in addition to who will win the game.
You get points at the end of the game depending on how well you do, which can be converted into tokens.ย
These tokens can then be exchanged for real life stuff. Anything from hats, t-shirts and electronics, to tickets to your favourite sports games, airline tickets, hotel stays, holidays etcโฆ All for free!
You can earn tokens either through in-app purchases, by watching adverts, or by sharing the app on social media.
The more you play, the more tokens you can build up and the better your chances of winning some prizes.
Predictions win Prizes
So in essence, Firefanย could be described as a mixture between fantasy sports and betting.
Yes, you are not playing with real money as such.
But you are making predictions about sports events and you can win prizes, so it should be fun and rewarding to be involved with.ย
The other advantage of this approach is that it means the app can be used in places where gambling is not legal, like the United States.
So it opens up a huge market for the app and millions of users who cannot access more traditional betting apps like Bet 365 and Ladbrokes.ย
Plus Firefanย is designed to be a very social tool, so you can set up games against your friends, colleagues, neighbours and so on and see how you fare against them.
And you can connect with and chat to sports stars and celebs as well. They already have people like Evander Holyfield signed up.ย
So itโs meant to have more of a fun element to it, rather than just being about pure predicting.
Only time will tell if this does become the global sensation some are expecting, but judging by the pre-launch registrations, the signs are very good.
How to get Involved
By pre-registering (which takes about 30 seconds) youย will be given a bunch of free tokens right from the start and will also have the opportunity to earn a load more by sharing the app with your friends.
One of the most popular bets these days is the football accumulator.
Thoughts of winning big off just a small stake are very tempting to the everyday punter.
To capitalise in the huge appetite for footy accas, the bookies have come up with special offers to try and gain your business.
These offers generally take the form of what is called “acca insurance.”
What this means is that if one leg of your 5 or 6-fold loses, you get your stake back as a free bet, up to a maximum of say ยฃ/โฌ25 or ยฃ/โฌ50, depending on the offer of the particular bookie.
Ladbrokes are one of the bookies with an acca insurance offer – we will look at the offer in full below and how you can exploit it to make profit every time ๐
Ladbrokes Acca Insurance Offer
Ladbrokes are one of the many bookies now offering Acca Insurance. Here is how their offer works:
If you place a 5+ fold accumulator and if one team fails to win, Ladbrokes will refund your stake as a free bet up to a maximum of ยฃ25.
There are no minimum odds on the selections
Bets must be in the match odds market (1X2)
The maximum refund will be ยฃ25, refunded as a free bet. Your refund will be equal to the amount of your stake.
You are allowed to do the offer a maximum of once per day
So that summarises how the offer works, but if you want full details you can see them here.
Example
Here is an example of the Ladbrokes Insurance offer in practice.
Letโs say you place a ยฃ25 accumulator with Ladbrokes on all the following teams to win:
Bayern Munich
Leicester
Liverpool
Arsenal
Athletico Madrid
Ajax
Then five of the teams win, but unfortunately Liverpool let you down, losing 2-1.
So each leg of your accumulator apart from one has won, meaning Ladbrokesย will refund your ยฃ25 stake as a free bet.
How to Make Money Guaranteed from Acca Insurance Offers
Whilst this acca offer is a good offer from Ladbrokes,ย it can still go wrong and end up costing you money.
Ifย more than one of the legs in your acca lose, you will lose the bet completely and not receive a refund at all.ย
So it is only a partial kind of “insurance” in reality, but there is aย method of turning this offer (and other acca insurance offers like it) into money-making opportunities every single time. ย
It sets things up so you can guarantee making a profit from your accumulator, whatever happens. So even if you three legs lose for example, you would still make money!
Clever, eh?
And if you do just a couple of these offers per day, you can make over ยฃ500 per month.ย
Ladbrokes’ Acca Insurance offer is a good offer and certainly one you should consider using if you are planning to place a footy (soccer) acca.
If you place an acca on five teams or more and one of them fails to win, Ladbrokes will refund your stake as a free bet, up to a maximum of ยฃ25.
However, you can really cash in on this and other similar offers by signing up to Accumulator Generator, which means you can guarantee making money out of each acca you place!ย
You may well have seen adverts on the TV for โAcca Insuranceโ from the likes of Paddy Power and other bookies.
Basically acca insurance is a relatively new form of incentive offered by the bookies to try and get more people to place accumulator bets on football.
Howย exactly does acca insurance work though, what are Paddy Power offering you and more importantly, how can you profit from it?
Paddy Power’sย acca insurance offer is one of the best around. It is available during the main footy season and itย works like this:
They will refund your stake as a free bet up to ยฃ50 if you place a 5+ fold accumulator and one leg fails to win.
There are no minimum odds for the selections, so you can include the likes of Real Madrid and Barcelona in your acca if you like!
Bets in the acca can only be placed in the match odds market (i.e. 1ร2).
The maximum refund you can receive is ยฃ50 per accumulator โ the refund will equal the amount of your stake up to ยฃ50.
You are allowed to do the offer a maximum of once per day, which is pretty good as if you utilise it properly then you can really make some big profits from it โ more on that below.
So all in all very good terms and as we say, one of the best acca insurance offers out there.
And the nice thing about Paddy Power is that they even have an “acca insurance coupon” showing you all the matches that are eligible to be in your acca so you don’t have to go searching for them.
Example
Here is an example of Paddy Power’s Acca Insurance offer in practice.
Let’s say you do a five-fold accumulator involving the following teams all to win:
Chelsea
Manchester City
Arsenal
Leicester
Tottenham
All of the teams win, apart from Arsenal who unfortunately go down 2-1 away at Liverpool. So all of your matches have won apart from one, meaning Paddy Power will refund your stake as a free bet up to a maximum of ยฃ50.
The amount of your free bet will equal the stake of your acca bet, so if you placed ยฃ30 on your acca then your free bet will be ยฃ30, for example.
How to get the most out of the Paddy Power Offerย
Whilst this is a very good offer from Paddy Power, you can still end up losing money on it of course.
If two or more the matches don’t win, then you will lose your bet and not qualify for any sort of refund.
So it is not really “insurance” in the true sense of the word, but there is a way you can make it genuinely risk-free and generate cash time after time from this offer.
You can do this via a system calledย Accumulator Generator, which is an ingenius piece of software.
It sets things up so you can lay against the potential of the free bet on all of these acca insurance offers from the bookies and ensure you make a profit.ย
If you do just a couple of these offers per day, you can make over ยฃ500 per month.ย
Paddy Power have a very good acca insurance offer that is one of the best in the business.
If just one leg of your 5+ fold acca doesn’t win, they will refund your stake as a free bet up to ยฃ50.
If you really want to benefit from this offer and other acca offers like it though, we recommend you try Accumulator Generator, which will allow you to make hundreds of pounds per month risk-free.
https://www.honestbettingreviews.com/wp-content/uploads/Your-bet-wins-pic-2.png483724Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2016-09-14 11:24:292024-01-10 13:56:53Paddy Power Acca Insurance
William Hill’s acca insurance offer is one of the best ones around.
Their offer works like this:
They will refund your stake as a free bet up to ยฃ50 if you place a 6+ fold accumulator and one leg fails to win.
There are no minimum odds for the selections, so you can include the likes of Real Madrid and Barcelona in your acca if you like!
Bets in the acca can only be placed in the match odds market (i.e. 1×2).
The maximum refund you can receive is ยฃ50 per accumulator – the refund will equal the amount of your stake up to ยฃ50.ย
You are allowed to do the offer a maximum of once per day, which is pretty good as if you utilise if properly then you can really make some big profits from it – more on that below.
So all in all very good terms and as we say, one of the best acca insurance offers out there.
William Hill’s Acca Insurance is one of the better offers available, as the refund is ยฃ50, whilst there are no minimum odds and you can do one offer per day.
So it is certainly worth looking at doing your acca at William Hill if you have 6 or more legs in your accumulator.
If you want to make the most of this and other acca insurance offers and make hundreds of pounds per month, then we highly recommend checking out Accumulator Generator.ย
https://www.honestbettingreviews.com/wp-content/uploads/Your-bet-wins-pic-2.png483724Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2016-07-26 16:27:382024-01-16 14:36:33William Hill Acca Insurance
These days the bookies provideย some fantastic offers based around football accumulators, which you have probably seen advertised relentlessly on TV.
But what exactly do they mean by “acca insurance,” what offers are available and how can you best take advantage of them?
We look at each of these questions below.
What is meant by Acca Insurance?
Acca Insurance basically means the bookies will refund your stake as a free bet up to a certain amount (e.g. ยฃ25 or even ยฃ50) if one leg of your acca loses.
There are usually a minimum number of legs (i.e. matches) needed in your acca to qualify for the offer – normally 5 or 6.
Let’s have a look at an example:
Say you place the following accumulator:
A ยฃ50 accumulator for all the following teams to win:
Chelsea
Liverpool
Man Utd
Arsenal
Man City
Now Chelsea, Liverpool, Man Utd and Man City all win, but sadly Arsenal are firing blanks and end up drawing 0-0.
So all but one of your acca legs has won, the bookie will refund your ยฃ50 bet as a free bet.
Is it really “insurance?”
So these offers are a form of “insurance” in a way, but they obviously don’t remove all your risk by any means like insurance on your car or house does forย example.
If two or more legs of your acca lose, then you still lose your bet.
However, there is a way you can genuinely remove the risk and ensure you make a profit whatever happens.
That is thanks to a great new system called Accumulator Generator, which has worked out a very clever way to utilise acca insurance to generate consistent profits on your accumulators, even if more than one leg loses.
You can make literally hundreds of pounds per month doing this for just a few minutes work per day.
Here is a list of the Acca offers available at the moment. Bear in mind that new ones are being added all the time, so watch out for bigger and better opportunities.
138 Bet
If you wager a 6-fold or more accumulator with 138 Bet and one leg doesn’t win, they will refund your stake as a free bet up to ยฃ38.ย
Place a match odds accumulator of five or more selections and if one leg lets you down, 21 Bet will refund your stake as a free bet up to a maximum of ยฃ50.
Not an acca insurance offer but rather an acca bonus offer, Bet 365 will give you a bonus on any winning footy acca, from 5% for a treble right up to 100% for a 14+ fold.
Place a five-fold on the match odds or both teams to score market and if one leg loses Bet Victor will refund your stake as a free bet up to a maximum of ยฃ25.
Place at least a five-fold football accumulator bet on football and if you make a miss by 1 bet, then Dafabet will refund your stake as a free bet up to โฌ/ยฃ50.
Place a 5-fold or more and if one leg loses, they will refund your stake as a free bet up to a maximum of ยฃ/$/โฌ50. Minimum odds of all selections must be 1.2.
This is an acca bonus rather than insurance. Sporting Bet will give you a 25% bonus on all winning accumulators with 5 or more selections. On certain leagues only, maximum stake โฌ/ยฃ500.
William Hill
Place a 6-fold accumulator and if one leg lets you down then William Hill will refund your stake as a free bet up to a maximum of ยฃ50.ย
Why do the bookies offer Acca Insurance?
You may be wondering why the bookies offer acca insurance.
Well it is used primarily as a way of keeping punters coming back, as accumulators are a very popular form of bettingย these days.
More and more bookies now offer some acca insurance, so if your bookie doesn’t then it is probably time to move on.
Some bookies offer an accumulator bonus rather than acca “insurance” – see the offers above for more details.
Always check the T&Cs
As ever with bookie offers, it is important to check the terms and conditions for each offer that you participate in.
Some will require minimum odds for each leg of the acca, some will only allow you to place bets in certain leagues and obviously there are always a minimum number of legs per acca for each offer.
Plus the bookies may have their own special terms for their offers, so do check if there is anything else you need to be careful of.
As we say, if you want a system that covers all this and shows you how to set up these accas to guarantee long term profit, then we highly recommend Accumulator Generator.
And as always, please gamble responsibly with your accas and all your betting.
Conclusion
There are some fantastic bookie offers available now for football accumulators, most of them providing “acca insurance” that refunds your bet as a free bet, in some cases up to โฌ/ยฃ50.
Before you place an acca, it is certainly worth checking for any such offers and taking advantage of these great incentives.
Even better, a product like Accumulator Generator will find the best offers and run its special software to ensure youย get the most out of them.
We have been following the popular sports betting service Banker Bets for 18 months now, a very good period over which to judgeย a service.
They initially received a strong recommended ratingfrom us after our initial trial that ended in April 2015.
Then when we updated things in October 2015, they maintained that recommended rating, whilst having dropped down slightly from the heady heights of the original trial.
So now, a further 9 months on and after 18 months in total of receiving the tips, where do we stand with Banker Bets?
Updated Results
Well, we are pleased to say thatย things have continued in positive fashion for Banker Bets.ย
Here are the monthly results since our last update in October 2015:
Month
ย
Profit/loss (points)
October 2015 (from 15th-31st)
ย
25.6
November
ย
-32
December
ย
-55
January 2016
ย
29.6
February
ย
-39.7
March
ย
31.9
April
ย
58.1
May
ย
29.7
June
ย
3.7
July (to 23rd)
ย
2.1
TOTAL
ย
+54 points
So over 50 points profit since last October takes the total for Banker Bets to 126 points up overall after 18 months.ย
In 2016 the profits stand at 117%ย so far.
So if you had started with a bank of ยฃ1,000 at the beginning of the year and staked ยฃ100 per selection, your bank would now be worth ยฃ2,172.ย
How many high street banks would give you 117% interest over the space of just over six months!
Not many I would wager.ย
Taking results from 2014 before our review started (which obviously we can’t verify, but we have no reason to doubt as all the results we have received for 18 months have been fully accurate and John who runs the service has always been completely honest) the total profit stands at 268%.
So if you had started with a bank of ยฃ1,000 when the service began in August 2014, it would now be worth ยฃ3,680.
And if you had more funds to invest and had started with a bank of ยฃ5,000, it would now be worth ยฃ18,400.
That’s using level staking – if you had used 10% compounding no doubt the profits would have been considerably more.
Add to that the fact that they have managed an exceptionally high strike rate of 81% and you have a system that will deliver you a very high number of winners, with minimal losing streaks.
In fact, they haven’t had 2 losing bets in a row since April!
Conclusion
So overall after 18 months of following Banker Bets we are very happy to continue to give the service a recommended rating.
The key to a successful tipping service is standing the test of time and not just having a good run for a few months and then imploding, which so many services seem to do.
Banker Bets has been consistently profitable over a sustained period and has proved its worth over the long term, amassing 126% profit over the period we have been following it.ย
Add to thatย an exceptional strike rate of overย 81%ย andย the fact that you can often beat the advised odds by using the exchanges andย you have a highly impressive package overall.
All that at a very reasonable cost of justย ยฃ6.75 for the first month then ยฃ27/month, ยฃ54/quarter or ยฃ155 per year .
Definitely worthย signing up to and seeing your bank grow steadily over time.ย
We now have nine months of results forย Banker Betsย so we thought a good time for an update on how they have been getting on since our trial ended in April.ย
Here are their monthly results totals from 6th April (when our trial concluded) onward:
Month
Profit/loss (points)
April (6th onward) ย
+21.5ย
May
-47.6
June
+31.6
July
+50.2
August
-63.5
September
-18.2
October (to 14th)
+2.6ย
TOTAL
-23.4 points
So things have been disappointing since the trial ended to be fair with a loss of 23 points incurred.
That comes after they made 95 points profit during our trial, so in total after 9 months they are 72 points up.
Using the advised bank, that equates to 72% bank growth in nine months.
Whilst that it is still a good total for a service that tips at very low odds and manages a strike rate of over 80%, it is probably a bit too low for the service to continue warranting a 5 star rating.
To compare it to our top rated service, Master Racing Tipster, that one has managed 350% bank growth in just over six months.
And certainly for any members who have joined since our trial ended, a loss over a six month period will have been disappointing.
However, we believe you need to take a long-term approach to betting and in fairness they have made a good profit over the nine months, which is impressive in sports like football and tennis where winning tipsters are as scarce as hen’s teeth.
Equally, their published results prior to our trial show good profits as well. Now although we can’t verify those results as we weren’t subscribed to the service at that time, we have no reason to doubt them as the results match exactly the selections given out in the emails since we have been members.
Conclusion
Things have been a little disappointing forBanker Betssince our trial ended and they have failed to reach the heights achieved during that period.
So we believe a downgrade from our previous 5 star rating is warranted. Only services that show continuous or close-to-continuous bank growth should meritย a 5 star rating in our view.
But at the same time, they are still in profit for the nine months we have been following them, having grown the bank over 70% in that time, which is good when tipping at odds-on and in notoriously difficult sports markets.
So overall we think they still deserve a passed rating but a downgrade to 4 stars.
It’s been an excellent trial for Banker Bets and it’s great to see a service living up to its previous results.
This is a service that primarily provides win bets on football and tennis, with the occasional bet on American football.
Things started off great guns in January with an amazing run of 21 straight wins followed byย 17 straight wins inย early February.
Mattersย took a bit of a turn for the worse in mid February with a bizarre run of results, including Nadal losing his first clay court semi-final in donkeys years, Chelsea failing to beat Burnley at home and Juventus unable to overcome lowly Cesena.ย
Since then things have very muchย got back on track though with a good run of 12 straight wins to finish the trial.ย
So we concluded with the bank very nearly doubling in 3 months, which is really fantastic stuff.
Here is a graph of the results during the trial:
As you can see, a nice trend upwards then the difficult period in February, followed by a good run at the end to just about double the bank overall.
Service Breakdown
Ease of use:ย Very good – bets are given out early in the morning (UK time) and can be placed at the bookmakers or Betfair. Bets take just a couple of minutes a day to place.ย
Availability of prices:ย Good. Overall I was able to match the advised prices using justย Betfair. Sometimes I beat the advised price and sometimes it was worse, but overallย things evened themselves out.
Strike rate: The strike rate for the trial wasย very high at 84% and with a long term strike rate of 85% losing runs should be short.
Advised Betting Bank: A 10 point betting bank is advised, or a compounding approach where you stake 10% of your current bank on each bet. With an 85% long-term strike rate this should be sufficient, although to be ultra safe you might want to try a 15 point bank.
Subscription costs: The subscription costs are very reasonable at ยฃ6.75 for the first month and then ยฃ27 per month, ยฃ54 per quarter or ยฃ155 per year.ย
OVERALL VERDICT:PASSED ย
I really like services that can deliver a high strike rate and this is one that certainly does that, with an 84% strike rate achieved during out trial. It really does lower the stress levels when the vast majority of your bets are winning. ๐
However, the most important thing of course is the overall profit/loss level. Well Banker Bets has delivered in spades on that front as well.ย
It’s good that youย get a clear reasoning behind the selections and you can see that John who runs the service really does his homework before he sends out each bet.
There does appear to be clear value in these types of bets and as we have seen during our trial, there is great potential to build a bank.
If we can repeat these results and double the bank every 3 months, I may be able to startย contemplating retirement in a few years’ time! ๐
Let’s hope so anyway, but in the meantime this one definitely goes on to the passed systems list and I can thoroughly recommend giving Banker Bets a go if you want to make some consistent profits.
Betting is not normally regarded as a โsocialโ activity. Its image is of a solitary gambler checking the form and heading down to the bookies on their own to place a wager or buy a lottery ticket.
However, and particularly since the advent of the National Lottery, betting syndicates have become popular, especially among workplace colleagues. After all, if a group of you all chip in thereโs a better chance of winning, isnโt there?
Well, thatโs the theory, anyway. And if the figures are correct (that one in three lottery wins is scooped by a syndicate), then the attractions of pooling your resources are obvious.
ย
Big wins for syndicates
Over the years, there have been some big winners, especially on lottery games. The biggest so far has to be the โThree Amigosโ in the USA, who in 2012 bought 60 tickets for the Mega Millions Lottery with a potential jackpot of $656million. They paid out twenty bucks each and each took a third of $218.6million (there were two other winning tickets).
The next year a syndicate scooped another huge win in the States. The โOceans 16โ syndicate hit the jackpot on the Powerball draw, ending up splitting a huge $149million between them.ย
In the UK weโve had our share of big syndicate winners too. In 2014 twelve bus drivers from Corby won the Euro Millions jackpot, claiming ยฃ38million (a tidy ยฃ3.1million each).
Joining a syndicate does, theoretically, improve your odds of winning at least something. Not only does it give you more of a chance at winning, but it reduces your playing costs. You pay less for a potentially greater chance of a payout. And youโre doing it with friends and family.
However, there are a fair number of cons in joining a syndicate, too. The most obvious is that you have to split the winnings, so you only get a share of the jackpot, not the whole amount.
It can also bring out the worst in people, especially if the jackpot is a big one. You may suddenly find that one person doesnโt want to split the winnings fairly, and demands a larger payout. This is particularly common if you havenโt thought about drawing up syndicate agreements before you started your venture.
ย
Why a syndicate agreement is so importantย
Weโre talking about potentially huge amounts of money here, so getting the paperwork right before you collect up the subs and trot off down to the betting shop or Lottery outlet is essential.
Do things โby the bookโ. Appoint someone you all trust as a syndicate manager, whose job consists of collecting money, placing the bet or buying the tickets, checking the results and then letting everyone in the syndicate know the outcome.
Then download a syndicate agreement – or get a lawyer to draw one up – and make sure that everyone, including the manager, signs a copy. If youโre playing the UK Lotto then you donโt have to register the entire syndicate with Camelot, but the manager does need to register as a player. If your syndicate wins then the money is often paid out to the manager (especially if you picked the numbers online). He or she is then responsible for distributing the prize among the other syndicate members.
Unless youโre setting a syndicate up as a sole means of income, then there should be no income tax to pay. Obviously, if a very large amount of money hits your bank account then it may tip the interest of HMRC. So again, having that syndicate agreement in place means you can prove that the money was a result of a lottery or betting win, and is not taxable income.
A win may, however, be subject to Inheritance Tax, as the money forms part of the winnersโ estates. A winning slice of a syndicate pie would be seen as a โgiftโ to the recipient, especially if they then pass away within seven years of winning the money. So once more, it pays to have that syndicate agreement document in place to show the provenance of your finances.
HMRCโs current policy is that as long as syndicate wins are distributed in accordance with a previously drawn up agreement, they may not be subject to Inheritance Tax. It pays to double check with a legal expert and ensure that all your affairs are in order โ including that all-important syndicate agreement document.
ย
Betting syndicates โ going to the races
The other common form of group betting is a race syndicate. If youโve always wanted to be leading a prize-winning racehorse into the winnerโs enclosure but simply donโt have the money to own a horse outright, a racing syndicate could be the answer. Itโs a very simple idea, and one that has allowed thousands of ordinary people to access the elite world of horse racing. A racing syndicate is a collection of people who each own a share in a racehorse. The horse itself is stabled, trained and ridden by professionals, but itโs the syndicate that actually owns the horse as a group.
When you consider that it costs around ยฃ25,000 just to train a horse for a year, you start to understand why this is considered as the โsport of kingsโ โ they are often the only people who can afford to buy a racehorse outright. Taking part in a syndicate reduces your costs considerably, but you will still have to pay out around ยฃ6,000 a year to be a member of a syndicate. Usually, the horse is sold on after four years, unless itโs phenomenally successful, so youโre looking at a potential four-year cost of ยฃ24,000.
So itโs still an expensive buy-in, but the rewards can be considerable. As an โownerโ you receive a share of the winnings, which in top-flight racing on both the flat and over jumps can be considerable.
There are two types of racing syndicates โ formal and informal. An informal syndicate is a group who have simply clubbed together to buy a horse outright. While this may be a great way to break into horseracing, do remember that youโll be responsible for the cost of livery, training and vet bills for the animal.
The alternative is a formal syndicate, arranged by a company that specialises in racing syndicates. This is probably the easiest way of all to get into a horse racing syndicate, but remember that with formal syndicates you wonโt be able to sell your shares on. If you decide to drop out of the syndicate then the shares will revert back to the company.
Part-ownership of a racehorse may seem like an exciting idea and a sound investment, but beware โ the risk/reward ratio is very high. If your syndicate ends up with a Derby winner then you could be thousands of pounds better off. But if it never places you could lose a lot of money, especially as there are often lock-in clauses that tie you into formal syndicates for a set period of time. As with any investment, read the small print carefully before you sign up.
ย
In conclusionโฆ
So if you want to increase your chances of winning, cut your wager costs and be part of a social group that has a strong bond and a will to win, join a syndicate. But make sure you do everything by the book, and donโt just say โHey, Iโve got a great idea, why donโt we all just chip in?โ It may seem like fun at the time, but if your numbers do come up and you win big, the repercussions of not having the right paperwork in place at the start can destroy friendships and ruin family relations. So always sort out your syndicate agreement before you buy that winning ticket or place that long-shot bet that comes in at 100/1.
With horse racing syndicates, remember that the buy-in cost can be very high, and the risk/reward ratio is considerable. But if you do find yourself as part of a Gold Cup winning syndicate, the rewards could be potentially enormous. Be prepared to be in it for the long haul (at least four years), and be sure you choose your horse wisely. As with any major betting investment, do your research thoroughly first.
https://www.honestbettingreviews.com/wp-content/uploads/weight-of-money-pic.png400600Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2016-07-21 17:18:112023-08-02 18:19:02Betting Syndicates โ weโre all in this together
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