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,
Commission Rate: 5% (decreases depending on how much you bet)
Free Bet: £0 (although a £30 free bet is available at the Betfair Sportsbook)
Betfair is the original – and biggest – exchange. Liquidity is superb and the range of markets offered is unparalleled. If you are a high roller or regular bettor, then it is probably the one to use as your commission rate will drop and you are always ensured of the best liquidity.
The second exchange in terms of age and size, Betdaq’s liquidity isn’t quite as good as Betfair’s but can be better on Asian Handicap markets on football sometimes. They have better introductory offers than Betfair (who actually have none!) with a £25 free bet and 2% commission on all bet offers.
The new kid on the block, Smarkets is making waves in the exchange world by offering a flat 2% commission rate, which it promises will remain in place forever (let’s hope so!). Liquidity is pretty good on main markets like football and if it can improve on more niche markets then could become a major challenger to Betfair. One to watch.
Matchbook offers a slightly different commission model with 1% charged on both winning losing bets, where as the others only charge commission on winning bets. So how that affects returns will vary from punter to punter, but essentially will have most impact on those who lose a lot.
The first of the bookmakers to open its own exchange, the Ladbrokes Exchange offers a similar commission structure to rivals Betfair and Betdaq, with good liquidity on the main markets. There is also a £25 free bet to take advantage of.
History of Betting Exchanges
For over a century, anyone wanting to place a bet had to go to a bookmaker – a person or company who set odds and take their wager, paying them out at the agreed odds should the selection win.
But in around the year 2000, everything changed. A new player arrived on the scene – what would today probably be called a “disruptive” website.
The website in question was called Betfair and it allowed punters to bet not against a bookmaker, but against each other. Suddenly you could set the odds yourself, bet on horses or teams to lose (called laying) and never had to worry about your account being closed or your stakes limited in you won lots of money, as was inevitable with the bookmakers.
Other players followed into the market soon after and there are now a number of betting exchanges to choose from. The exchanges make their money by charging commission on players’ winnings (or bets in the case of Matchbook) at up to 5%.
The exchanges have proved highly popular with punters and now make up a large portion of the betting market.
There have been controversies as well, not least the introduction of premium charges by Betfair and scandals involving fixing horse races and football matches using exchanges as a medium to place the bets through.
But even with these difficulties, the betting exchanges are here to stay as part of the gambling world and we have seen bookmakers start to open their own exchanges to try and get a piece of the action.
We take a look here at the Pro Betting Club, a website offering a variety of tipsters and betting systems that you can subscribe to.
They are a team of professional gambling experts who offer you the chance to benefit from their tips and make a tax-free second income. All their results are provided on the website for transparency and are recorded at Betfair SP with 5% commission included.
Their main services are as follows:
Win Form Pro
During our three month trial of Win Form Pro they amassed 56 points of profit at an amazing return on investment of 42%. It got a firm thumbs up from us and has performed well since our trial ended.
Quite remarkably, Win Form Pro has only had three losing months since it started tipping three years ago. That has been achieved with an impressive strike rate of 40%.
The service is quite unusual in that it advises backing selections only if they are below 3 at Betfair SP. In order to make sure you only back the right selections, it is best to use a bot to automate things. The one recommended by the Pro Betting Club is Bet Engine but you can use a bot of your choice.
Win Form Pro has been a very consistent service and comes recommended from us.
Strand Each Way
The second of the Pro Betting Club’s services that we have reviewed, Stand Each Way is (unsurprisingly) a tipster that focuses on each way selections and has been tipping since the beginning of 2015 and in its first year made 191 points profit.
That has been achieved with a strike rate of 40% and 10 winning months out of 12.
Strand Each Way uses a selective approach to coming up with its bets, using a set of filters to narrow down selections. Bets are provided via a log in to the website at around 1pm each day. All bets can simply be backed at Betfair SP and then forgotten about.
Galileo Racing
Galileo Racing is a professional racing tipster that provides selections which are a mix of value tips and short-priced horses.
They averaged a 25% return on investment in their first year of tipping with a strike rate of 30% and 9 of their first 10 months were profitable. Between 1 and 4 tips are provided on average per day.
We have not reviewed Galileo Racing yet but if their promising form continues, it may be one to consider for the future.
CK Rating
This is a backing service from the Pro Betting Club providing between 1 and 4 tips per day. They only started tipping in May 2015 but made over 200 points profit in that time. That was achieved with a strike rate of 40% and five winning months out of eight.
Target Tips
A straightforward horse racing advisory service, Target Tips began tipping in March 2015 and made sixty points profit in its first year, with six winning months out of ten and a strike rate of 41%.
Selections are often favourites, so there is a good deal of liquidity in the markets and there shouldn’t be a problem getting bets matched. The average odds of selections is 3.49.
Services Currently Full
The Pro Betting Club also has services that are currently full in terms of membership so cannot be joined at this time. They include:
Sequence Lays
Premium Naps
The Lay Analyst
It is reassuring to know that they have membership limits for successful services, as it means prices will be protected for members. Sometimes tipsters become oversubscribed and then become impractical to follow because prices are pushed in too much. That shouldn’t be the case here.
When you go to the track or visit a casino, you dream of winning big. You’re sure that there is that one lucky number or horse that will change your luck. Throughout time, there have been people who made their own luck through famous betting coups. There’s almost something romantic about these players who went around the system to try and win big. In some cases, they won big and in others, they found themselves in hot water. Here’s how one of these famous betting coups went down.
“Yellow Sam” and the Players
In 1970s, Barney Curley was a professional gambler with an idea of a way to win big. Curley’s father had practically bankrupted the family with his gambling on dogs. It took two years for Barney and his dad working night and day to pay off the debts. Afterwards, Barney found his own niche in gambling on horses. Unlike his father, the younger Curley found a livelihood from gambling but wanted more. He bought a horse named Yellow Sam.
Liam Brennan was the trainer of Yellow Sam employed by Curley. It was his responsibility to train the horse and determine the best races for the horse to participate in. Benny O’Hanlon was a close personal friend of Curley’s and played an important part in the coup.
The Coup
Curley instructed Brennan to run Yellow Sam in races and conditions, where they knew he wouldn’t do well. It was their hope to get the horse a lighter handicap in the Bellewstown summer festival. It was always Curley’s goal for the horse to win at the National Hunt race at Bellewstown, where amateur jockeys rode the horses. It worked.
On the day of the race, Yellow Sam’s odds were 20/1. Of course, large bets favoring Yellow Sam to win would quickly lower those odds, which is why Curley had many of his friends ready to place bets at various betting establishments around the country. Each of the friends had between 50 and 300 British pounds to bet and an envelope with instructions. Curley called a handful of them and instructed them to each call additional betters to open the envelopes before handing the phone over to O’Hanlon.
The Single Phone Line
The National Hunt race at Bellewstown was unique because the venue had only a single public phone line, and there were not any private lines. O’Hanlon claimed to need to get ahold of a sick aunt. By keeping the phone occupied, the men kept the racetrack from learning about the bets being made around the country and kept the odds at 20/1. It was the bookies at the racetrack with information from outside sources that set the odds. By keeping the phone line tied up, the bookies had no way of knowing about the large number of bets favoring Yellow Sam to win.
The Race
During the race, Curley hid in some bushes to watch the race and keep the bookies from realizing he was there and raising questions. After winning the race by two and a half lengths, bookies from around the country had to pay out the winnings. Rumor has it that many of the bets were paid with single notes and that it took more than 100 bags to hold all of the winnings. He won more than £300,000 – which is about £1.5 million in today’s money.
At the time of the coup, there was nothing illegal about what the participants had done. In the following years, a rule was established that bets over £100 had to be made at least half an hour before the start of the race. Curley opened his own stables with the winnings and made a few more coups throughout the years.
Fancy making a few hundred quid per month risk-free? Then check out our review of Profit Accumulator to see how it can be done.
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Today we take a look at Mike Cruickshank, the man behind some of the very best betting systems we have come across during our time operating Honest Betting Reviews.
In fact, the genius of Mike’s systems is that they are generally not “betting” systems as such, but systems for making money risk-free or with very low risk using a combination of the bookmakers and the exchanges such as Betfair.
Here we have a look at the man behind the method, the systems he has devised, their advantages and disadvantages and how you can learn from the man himself.
Who is Mike Cruickshank?
Mike was apparently working in a minimum wage job as a lad when he first became interested in betting. He started looking into free bets and discovered the concept of “matched betting” – the idea of using the bookies’ free bets to make money risk-free.
From there he slowly built things up, making a few hundred quid per month, which represented very handy extra income and inspired him to research risk-free systems further.
After a great deal of hard work, Mike developed a portfolio of systems that made considerably more cash than he was earning in his day job and allowed him to go full time as a “matched bettor”. From there he has never looked back.
And he graduated from using the systems himself to selling them to the public in very thoroughly-designed system packages.
Mike is renowned for first class customer service and has built a well-earned reputation as one of the top developers of betting products out there. Now we look at his products one-by-one.
MIKE’S PRODUCTS
1. Profit Maximiser
Profit Maximiser is the product of Mike’s we have given the highest rating to, giving it a full five stars. It is basically a fully-blown system for making the most of all forms of free bets and bonuses – from not only the bookies, but also online casinos, bingo sites and spread betting sites. The great thing about the product is that it allows you to make money not just from the introductory offers for opening new accounts with betting sites, but the ongoing offers as well.
So you can pocket a nice tidy sum of money from opening lots of new accounts, but then when that is done you can still make at least £200-£300 per month on an ongoing basis. You do have to take steps to ensure your bookie accounts remain open though – but the good news is Mike provides a full video explaining how to do that.
Over the course of our reviewProfit Maximiser made over £1,732 from the introductory offers and £737 from the ongoing offers. Not bad going for a payment of just £97!
2. Accumulator Generator
Accumulator Generator is the newest of Mike’s products and is based around the accumulator offers that a large number of bookies provide these days. Basically in these offers, if one leg of your accumulator goes wrong, the bookies will refund your stake as a free bet. So Mike has designed a simple method for making a risk-free profit from these accumulator offers.
He has created pretty amazing software that brings together all of these offers and allows you to select each offer you want to play with a respective bookie, then plan each leg of the accumulator, how much you need to stake and how much you will win.
As we point out in our review, you should make around £10 out of each offer, which is pretty decent as there are over 20 bookies with these acca offers so there are loads of offers to choose from.
This is another very good product from Mike Cruickshank and one we thoroughly recommend.
3. Bonus Bagging
Bonus Bagging was the original Mike Cruickshank product and is a kind of mini version of Profit Maximiser.
It does the same thing as Profit Maximiser in terms of making risk-free profit from the bookies’ offers, but focuses mainly on the introductory offers rather than the ongoing ones (although there are some ongoing offers included) and includes just the bookmakers rather than the casino and bingo sites.
The product made a nice £572 during our review from a payment of just £27 and is a welcome addition to any portfolio of betting products. The original “matched betting” product.
4. Each Way Sniper
Another of Mike’s products is Each Way Sniper, a tool that helps you identify value selections in the each-way market, so that you can back them with the bookies and lay on betfair for a guaranteed profit.
It doesn’t produce selections every day and on days where there are selections, you are normally talking about just one or two races.
But there can be some good opportunities to make money from these selections when they do crop up. This is a sound system for adding some extra cash to your kitty.
Unique amongst Mike’s products is Bookie Blowout, in that it is the only one that doesn’t guarantee you profit. It is more of a trading system that identifies horses that are likely to steam (reduce in price) from the evening before racing to the morning of racing.
There are a large number of selections each day and you have to be at your PC in the evening to get the bets on quickly because the prices disappear fast in many cases.
It has shown remarkable consistency during our trial however and is pretty accurate in predicting which horses will be steamers.
6. Arbitrage Software
Mike also has arbitrage software that you can purchase for identifying arbitrage opportunities. As is well known with arbing however, the bookies also have systems for monitoring arbing and there is a major risk of account closures or limitations if you follow this route.
Are there any disadvantages to using Mike’s systems?
The only thing you have to be aware of when using Mike’s systems is that the bookies may limit your accounts if you are just using free bets and bonuses and not placing any other bets.
There are steps to avoid this however, so if you are careful and place a good number of “mug bets” then it is possible to keep your accounts open. There are full instructions for how to do this in a video Mike has made for Profit Maximiser.
Equally if you are using Each Way Sniper and Bookie Blowout, the bookies may well become aware that you are exploiting the best odds to create profits, so it best to spread your bets around and don’t overdo it.
As long as you are careful though, you can make a very nice steady second income from Mike’s products and we are happy to say these are some of the best betting products on the market. They are some of the few products we can say that actually work!
Good luck if you do have a go with any of Mike’s products and please let us know how you get on.
Learning to bet on horse races and professional sports is exhilarating. Let’s face it though; it can be tough. There’s so much to learn to make good decisions and win big. As you get the basics down and win a couple of bets, you’ll want to learn more.
At Honest Betting Reviews, we want to help you develop your skills at betting and deepen your knowledge of the different kinds of bets there are. For that reason, we’re doing a series on the ins and outs of different types of bets.
One of the bets you might have heard about during your time at the track or other locations is the Heinz bet. Here’s everything you need to know to make a Heinz bet with confidence.
What is a Heinz Bet?
Here is how a Heinz Bet is comprised:
15 doubles
20 trebles
15 four folds
6 five folds
1 six-fold accumulator.
The name of the heinz bet comes from the famous product, Heinz 57 sauce. As you might now suspect, this bet is actually 57 individual bets that cover six selections. These six selections can be either horse races or a sporting event of some sort.
This bet consists of 15 doubles bets, 20 trebles, 15 four folds, 6 five folds and 1 six-fold accumulator. A doubles bet is where you bet on the winner of two races or matches. Since you’re betting on six races or games, 15 doubles covers all the possibilities. It’s the same for the treble bets and the fold bets. In order to win the six-fold accumulator, all your picks must win.
In order to win any money, you must have a least two winners. Of course, you want them all to win and make the most money available. The heinz bet is considered a full coverage bet that covers all the possible outcomes with your choice of winners winning.
An Example of a Heinz Bet
With the Heinz bet, you’re betting on six different races or sporting events each with a winner. The more winners that you choose, the more money you win. However, not all of your winners will offer the same odds of winning. For our purposes, we’re going to say that they all had 10/1 odds.
For our imaginary bet, we’re going to bet on the horses. We don’t want to go broke on the initial bets, so we’re going to bet £1 per bet for a total of £57.
With this bet, you need at least two of your horses to win to make any money back.
If only two of your horses win, you get a payout of £121 with £64 of that as profit. Okay, well how about if four of the horses win? If four of your horses win, the payout is £20,691 with a £20,634 profit. Now, it’s time to dream huge. If all six horses win, you can get a payout of £2,985,917 with a profit of £2,985,860.
If luck is with you, the heinz bet can pay off a lot of money.
A Heinz Calculator
Of course, you’re probably not going to make a heinz bet where all the horses that you choose are favored at 10/1 odds. Aheinz bet calculatorcan help you spend some time seeing the types of payouts available and the way your selection of horses affect the final profit.
It’s a good idea to do your research on the horses or sporting teams before actually making a heinz bet. This will help you determine their odds of winning and the circumstances needed to win. In some cases, you might find a team that only wins at their home stadium. All of this information will help you make a decision for your bet.
Fancy making up to £1,000 per month completely risk free? Well check out our full review of Profit Accumulator to find out how.
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Here we take a look at the Betting Zone, the tipping section of the Sporting Life website.
What is the Betting Zone?
The Betting Zone is a completely free tipping website that offers free tips on everything from horse racing to football, golf, tennis, cricket and even darts and snooker!
They have a team of tipsters who tend to concentrate on one or two sports each and offer tips for just about every sporting event going on.
Having been around for quite a few years now, they have established a strong reputation as one of the top tipping sites around.
Here is their annual record over the last few years:
2012: +347.16
2013: +320.24
2014: -30.67
2015: +33.41
TOTAL: +670.14
So after very strong years in 2012 and 2013, things have somewhat stood still for them over the last couple of years. Although their full record before 2012 is not available, they state they have made over 3,000 points profit since the service started in 2003. Not bad going!
Value Bet – Ben Linfoot
One of the premier tipsters at the Betting Zone is Ben Linfoot, who provides his “Value Bet” tipping column, which is based on providing selections mainly for the big races on weekends and at festivals.
From its inception in January 2010 up to the end of 2015, the Value Bet column made +335 points profit. Very impressive stuff for just a few bets per week on average!
Betting Zone Golf
For many years the Betting Zone’s golf tipping was headed by Dave Tindall with assistance from Dave John. These days it is headed up by Ben Coley. Here is their golf tipping record by month since December 2011:
2015:
Dec
-9.16
Nov
116.12
Oct
-45.12
Sep
-57
Aug
21.63
Jul
-69.76
Jun
-27.69
May
-3.19
Apr
4.75
Mar
1.5
Feb
-58.64
Jan
-26
Total
-152.56
2014:
Dec
-12.4
Nov
-48
Oct
-23.5
Sep
36.18
Aug
17.72
Jul
-59.2
Jun
-59.8
May
-54.5
Apr
-35
Mar
196.23
Feb
-9.63
Jan
-12.78
Total
-64.68
2013:
Dec
6.75
Nov
61.5
Oct
-59.96
Sep
103.35
Aug
-40
Jul
-41.13
Jun
-37
May
-40.37
Apr
46
Mar
43.8
Feb
44
Jan
-36.5
Total
50.44
2012:
Dec
-28
Nov
76.5
Oct
98.63
Sep
55.3
Aug
125.08
Jul
-56
Jun
-39.3
May
31.93
Apr
-71.75
Mar
-50.23
Feb
111.62
Jan
25.75
Total
279.53
2011:
Dec
75.41
Antepost profit since Dec 2011: +26 points
TOTAL OVERALL SINCE DEC 2011: +214 points
So a good return of 214 points profit over the last four years for Betting Zone Golf, but as you can see most of that profit was made in 2012 and it has been a tougher ride for them since then. In particular, 2015 was a difficult year with over 150 points lost.
As we often say in golf betting, you can have very long losing runs because you are tipping at high odds and you can wait for what seems like an eternity for the next 100/1 winner.
So perhaps the next big winner is just around the corner for them, but it is probably best to keep an eye on things for now as it has been a couple of years since they made any profit on their golf tipping.
Betting Zone Overall
As you can see, of their 670 points profit over the last four years, 335 points of that has come from Ben Linfoot’s Value Bet and 214 points comes from the golf, making up a combined 549 points profit, or 82% of their profits.
So if you are going to follow the tips, these are probably the two to focus on – although as we said above, the golf has had a tough time over the last couple of years so might be best to tread carefully with that for a while to see if they can establish the form of old.
Other Betting Zone Features
Market Moves
The site also contains sections on market moves section, which includes information on byoth the top “steamers” (i.e. odds that are reducing in price) and “drifters” (odds that are increasing in price). This can be useful information for those interested in “following the money” and seeing where bets are being placed. Clicking on the various steamers and drifters takes you straight through to the oddschecker market page where you can see the odds in full.
Bet Calculator
There is also a bet calculator for working out a variety of bets including patents, trixies, yankees and all those other exotic bets you might have in mind. You can enter the type of bet, odds and stake and the calculator will tell you your total outlay and potential returns.
Cheeky Punt
A popular column that sadly seems to have ceased, Cheeky Punt was a kind of betting diary-cum-blog of one hopeful punter that often made for amusing reading. Hopefully they will bring it back soon.
News and Previews
In addition, there are also news articles on the latest happenings in the world of betting as well as previews of upcoming sporting events and possible punting angles.
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At Honest Betting Reviews, we understand how daunting the different types of bets and betting terms can be when you first become interested in placing bets. We’re here to help by educating you on the different types of terms and phrases used in the betting world – as well as providing you with a full betting directory.
When you start attending horse races or sporting events where bets are common, you’ll quickly hear the term “patent bet.” Since this is all new to you, you’ll walk away wondering exactly what type of bet it is and the ins and outs of how it works.
Patent Bet
A patent is comprised as follows:
Three singles
Three doubles
One treble
Your patent bet is actually seven individual bets that cover three selections. Selections are horse races or sporting events. The bet consists of three single bets with three double bets added.
To finish the bet, there is a single treble. In order to win the treble bet, all three of the horses or teams in the selections you choose must win.
With a patent bet, you only need one winner to get a return. Of course, the more winners you choose, the better the payout you receive. This type of bet is considered a full coverage bet.
The advantage of the patent bet is that you only need a single winner to see returns on your investment.
An Example of a Patent Bet
When placing a patent bet, you’re betting on three different selections that can have varying odds of winning. For our purposes, we’re going to pretend like each of our selections is priced at 10/1.
To make it easier to understand, we’ll say that we’re betting on horse races. With a £2 bet on each line, we’ll be putting up £14 to play a patent bet.
Since you’re betting three singles, you only have to have one winning horse to receive a payout, but of course, you hope that all three of your horses win to get the most money for your investment.
With only one winning horse, you’ll receive a payout of £22 or an £8 profit. When two of your horses win, the amount you receive is £286 or a £272 profit. Of course, the dream is to have all three horses win their races and receive £3,454 with a profit of £3,440.
A Patent Calculator
Before heading off to the track or a sporting event, you need to spend some time playing with apatent calculatorand seeing how the odds on each horse or team affect the amounts you can win. You’ll also need to see how the number of winning selections affects the total.
Another good idea is to spend some time researching the horses, races and sporting events that you’re interested in betting on. You need to get a feel for their odds of winning and conditions that they play best in to win. You want to feel confident of your winners before placing a bet.
Since you only need one horse or team to win, you can attempt to find one with long odds to make a decent return should they win. However, you want to choose the other two horses or teams wisely as well because their success can expand your total winnings significantly.
When the first patent bets were made, they were made on horse races because sporting events didn’t offer fixed odds. However, things have changed and fixed odds at sporting events have made this type of bet available for games, such as football and other sports.
Fancy making £500 per month risk-free? Well check out our review of Profit Accumulator to find out how!
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At Honest Betting Reviews, we want to help our customers become more educated about the different types of betting systems and varying strategies for winning. We do this by defining the different betting terms and helping punters understand what they mean.
If you’ve spent some time at different sporting events, you might have heard the term“Yankee bet”and wondered exactly what type of bet it is and exactly how it works.
What is a Yankee Bet?
A Yankee bet is constituted as follows:
Six doubles
Four trebles
One four-fold accumulator
Rumor has it that this bet is named after an American (Yankee) solider who originally made this bet in the United Kingdom during World War II. He bet a small amount and ended up walking away with hundreds of thousands because of the way the bet rolls over.
The Yankee bet is a four-selection bet that needs 11 bets in total. The bet starts with six doubles and then adds four trebles. As a final selection, there is a four-fold accumulator to cover the four selections.
The Yankee bet is considered a full cover bet because it covers all the possibilities. It also doesn’t have any single bets. This means at least two of the bets must win in order for the better to receive any type of payout.
There is an upgraded version of this bet referred to as the super Yankee bet that covers five selections and has a total of 26 bets that greatly raise the potential winnings.
An Example of a Yankee Bet:
Since the bettor is actually covering four selections in 11 bets, the odds can vary from selection to selection.
For our purposes here, we’ll make all the odds the same at 10/1, and each bet a £2 stake. Since there are 11 bets, you’ll start by betting £22.
To keep things simple, we’ll say that we’re betting on a horse race. If only one horse out of the four races win, then there isn’t a pay off because there were no single bets. When two horses win, you get a return on your money.
The return on two horses winning with 10/1 would be £242 or a profit of £220.
Of course the dream here is that you correctly pick all four horses, one for each race. This will net you a nice little payday at 10/1 odds.
In fact, the total payout would be £41,382 with a profit of £41,360 once you subtract out the £22 bet you placed to start the wager.
While picking four winners is a stunning win, you’ll still get an amazing return if only two of your horses win.
Using a Yankee Calculator
Before heading to the track and making a Yankee bet, take some to crunch numbers with theYankee calculator.By exploring different odds and outcomes, you’ll be able to make better informed bets to make sure that you don’t overextend yourself.
The calculator is just one of the tools you can use to make this bet, and it only helps you determine your potential winnings. You’ll want to research horses or teams, depending on what you’re placing bets on to try to get a feel for realistic possible outcomes.
You’ll want to invest time and research to ensure you’re comfortable with your bet and get the best possible results. Remember, you need to choose a minimum of two winning horses or teams to realize a return on this bet.
Before sporting events had fixed odds, the Yankee bet was used almost exclusively for horse racing. However, in recent years, many have applied the Yankee bet to football and other sports games.
Please feel free tocontact usto learn more about the Yankee bet and where you can find the best returns. We want to help you make the most of your bests by reviewing betting sites and finding you the most secure bets.
Plus, if you want to get make risk-free profit every day, check out our review of Profit Accumulator, one of our top recommended products.
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We continue our series looking at great professional gamblers of past and present with a look at Billy Walters – who is estimated to have won £200 million gambling.
William “Billy” Walters has said that there is nothing he wouldn’t bet on. To prove it, he’s had a distinguished and varied gambling career for over three decades. Professional gamblers consider him the most successful gambler in the world. He has never had a losing year.
Gambling has made Billy a very rich man. He owns seven homes and his fortune is worth $200 million. But Billy’s life wasn’t always so glamorous or rich. Billy spent his childhood in Mumfordville, Kentucky. Raised by his grandmother, he lived in a house without indoor plumbing. He came by his gambling prowess naturally: his dad was a poker player and his uncle was a professional gambler. While other kids played basketball on the playground, Billy bet on the pro games. Billy lost bets but he never lost the love of the wager.
A Step Ahead of the Game – the Computer Group
In the 1980s he was selling cars in Kentucky but decided to become a bookie. That was an illegal enterprise in Kentucky so he moved to Vegas where gambling is the heart of the culture and the economy. This was at a time before the internet took shape but that didn’t stop Billy from becoming one of the first gamblers to use computers to formulate strategy around bets. He was part of a gambling group called the Computer Group. These innovative gamblers fed all the information they compiled from newspapers and other leads about gambling into a computer. They were so successful, the Vegas authorities thought they were running an illegal gaming operation.
Although Billy may have come by his gambling desire naturally in his DNA, we can trace his success to his love of research. One of his most successful gambling moments came about because he learned that the Golden Nugget Casino in Atlantic City, New Jersey, used an older roulette wheel than other establishments. That wheel had a bias toward paying off on certain numbers. Billy gambled on his research information and won millions from the Golden Nugget in 1986.
Public Information Only
Today, Billy bets so successfully on football and basketball that Vegas is afraid of his bets. He still relies on research but he has sports analysts who help him now with that chore. Despite rumors of insider information, he maintains that he relies on public information for his betting. It’s a pretty sure bet that a lot of the sports intelligence that would help with betting strategy (like injuries, etc.) is available online. He keeps all of his analysts/partners and associates separate. They do not know each other and he doesn’t place his bets personally.
Of course, Billy wouldn’t be much of an inveterate gambler if he limited himself to sports betting. He also bets at the casinos on craps and blackjack and at the horse races. He wins at all of those activities. He says he has a 57% winning ratio. He has, however, made his fortune on sports betting. His super bowl bets alone have garnered him $3.5 million. He also won as much as $4 million on a single casino weekend.
The Power to Move Markets
Walters’ betting sometimes has a big effect on the payoff spread of various games. If he doesn’t like the payoff on the favourite, he will bet on the underdog until the bookies change the spread. Then, he’ll tell his associates to place his bet on the favorite at the margin he wanted. That is a gambler’s gambler.
Billy is so successful at gaming that he has become security conscious as an important part of his business. People try very hard to learn how he does what he does. They want his system. They invade his privacy. So he runs his business from his home via computer network and phone network, using code names to shield his identity. There’s a price to pay for success even for a gambler.
So there you have it – one of the most successful gamblers of all time and certainly a gambler for all occasions – Billy Walters.
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https://www.honestbettingreviews.com/wp-content/uploads/horses-galloping-through-sand-2.png400750Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2015-12-07 22:57:282025-06-23 08:34:01Billy Walters – A Gambler for All Occasions
As we continue our series demystifying betting jargon and terminology, we turn to the Goliath Bet, the second largest of the named wagers. The Goliath is a daring proposition which is usually only seen among experienced gamblers, but one which is available on most betting software platforms.
There are no fewer than 247 bets in the Goliath, placed on eight separate events.
Here is how a Goliath Bet is constituted:
28 doubles
56 trebles
70 four-folds
56 five-folds
28 six-folds
8 seven-folds
A single eight-fold accumulator.
The Goliath is a type of full-cover bet. Full-cover bets are a way of hedging. In an ordinary multiple bet, all of the selections you made must win if you are going to get a return. But because, for example, you place twenty-eight double bets on the first event of a Goliath, there is a much higher chance that one of them will pay out. So the smallest number of selections that need to win in order to guarantee you a return is two. TheTrixie Bet, which we’ve explained previously, is also a full-cover bet.
As big as the name implies, the Goliath is a bet for the consummate gambler, a huge risk with the potential for a huge reward. It requires the punter to set up 247 lines, which is a serious ante – even if you only bet £1 per line, that’s still an initial outlay of £247. However, if all of your selections win, and if (to keep things simple) you made each bet at three to one odds, you can walk home with no less than £390,592 in your pocket. Furthermore, being a full-cover bet, the Goliath is relatively safe. If only half of your selections win at the same odds, you come away with £608, or more than twice what you set down.
No, if you’re wondering, we didn’t do that math in our heads, nor do we recommend that you do so.Here’sa handy calculator. Just plug in the stake, the odds, and the terms of the bet, and the website works out your return and profit automatically.
We said earlier that the Goliath is the second largest named wager. The largest is its close cousin, the Goliath Flag. A Flag Bet (not to be confused with a Union Jack Bet, which happens to be something completely different) consists of an existing wager type with additional up and downs added. An up and down, in turn, consists of two single bets; if the first selection wins, then its original stake is added to the stake on the second selection, and if both selections win then both stakes are raised. So if both stakes win, then the punter receives twice the winnings, but if only one wins, then both stakes are lost. You can find flag bets on most betting apps, although you usually won’t be allowed to make them or any up and down bets ante-post. In a Goliath Flag wager, there are twenty-eight single stakes about up and down pairs, which raises the total number of bets to a whopping 303.
If you’re wondering what the return on the earlier Goliath wager – £1 outlay, three to one odds across the board – would look like if the bet had been a Goliath Flag, then we’re a step ahead of you. It would have been £390,984. If only half of the selections had won, it would have been £740. Hereis the calculator again.
For more on the Goliath Bet, specialized wagers in general, and betting systems, please click through to visit our website. If you have questions about this or any other topic, don’t hesitate tocontact us.
Fancy some risk-free profits to wager on your favourite type of event? Then check out our review of Profit Accumulator, where you can make £500 per month risk free.
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