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Mike-Cruickshank image

Mike Cruickshank Profile

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

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 ยฃ200-ยฃ300 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 review Profit Maximiser made over ยฃ1,732 from the introductory offers and ยฃ737 from the ongoing offers. Not bad going for a payment of just ยฃ97!

 

2. Accumulator Generator

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 ยฃ10 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

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 ยฃ572 during our reviewย from a payment of just ยฃ27 and is a welcome addition to any portfolio of betting products. The original “matched betting” product.

 

4. Each Way Sniper

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.ย 

It doesn’t produce selections every day and on days where there are selections, you are normally talking about just one or two races.ย 

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.ย 

Check out our review of Each Way Sniper here.

 

5. Bookie Blowout

Bookie Blowout

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.ย 

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.

 

 

 

Heinz Bet

Learning to bet on horse races and professional sports is exhilarating. Letโ€™s face it though; it can be tough. Thereโ€™s so much to learn to make good decisions and win big. As you get the basics down and win a couple of bets, youโ€™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, weโ€™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. Hereโ€™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 youโ€™re betting on six races or games, 15 doubles covers all the possibilities. Itโ€™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, youโ€™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, weโ€™re going to say that they all had 10/1 odds.

For our imaginary bet, weโ€™re going to bet on the horses. We donโ€™t want to go broke on the initial bets, so weโ€™re going to bet ยฃ1 per bet for a total of ยฃ57.

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 ยฃ121 with ยฃ64 of that as profit. Okay, well how about if four of the horses win? If four of your horses win, the payout is ยฃ20,691 with a ยฃ20,634 profit. Now, itโ€™s time to dream huge. If all six horses win, you can get a payout of ยฃ2,985,917 with a profit of ยฃ2,985,860.

If luck is with you, the heinz bet can pay off a lot of money.

A Heinz Calculator

Of course, youโ€™re probably not going to make a heinz bet where all the horses that you choose are favored at 10/1 odds. A heinz bet calculator can help you spend some time seeing the types of payouts available and the way your selection of horses affect the final profit.

Itโ€™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 ยฃ1,000 per month completely risk free? Well check out our full review of Profit Accumulator to find out how.ย 

 

sports pic

Betting Zone

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,ย 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.ย 

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.ย 

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.ย 

 

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.

 

 

betting slip

Patent Bet

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. Weโ€™re here to help by educating you on the different types of terms and phrasesย 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, youโ€™ll quickly hear the term โ€œpatent bet.โ€ Since this is all new to you, youโ€™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, youโ€™re betting on three different selections that can have varying odds of winning. For our purposes, weโ€™re going to pretend like each of our selections is priced at 10/1.

To make it easier to understand, weโ€™ll say that weโ€™re betting on horse races. With a ยฃ2 bet on each line, weโ€™ll be putting up ยฃ14 to play a patent bet.

Since youโ€™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, youโ€™ll receive a payout of ยฃ22 or an ยฃ8 profit. When two of your horses win, the amount you receive is ยฃ286 or a ยฃ272 profit. Of course, the dream is to have all three horses win their races and receive ยฃ3,454 with a profit of ยฃ3,440.

 

A Patent Calculator

Before heading off to the track or a sporting event, you need to spend some time playing with a patent calculator and seeing how the odds on each horse or team affect the amounts you can win. Youโ€™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 youโ€™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 didnโ€™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 ยฃ500 per month risk-free? Well check out our review of Profit Accumulator to find out how!ย 

Yankee Bet

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 youโ€™ve spent some time at different sporting events, you might have heard the term โ€œYankee betโ€ 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 doesnโ€™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, weโ€™ll make all the odds the same at 10/1, and each bet a ยฃ2 stake. Since there are 11 bets, youโ€™ll start by betting ยฃ22.

To keep things simple, weโ€™ll say that weโ€™re betting on a horse race. If only one horse out of the four races win, then there isnโ€™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 ยฃ242 or a profit of ยฃ220.

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 ยฃ41,382 with a profit of ยฃ41,360 once you subtract out the ยฃ22 bet you placed to start the wager.

While picking four winners is a stunning win, youโ€™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 the Yankee calculator. By exploring different odds and outcomes, youโ€™ll be able to make better informed bets to make sure that you donโ€™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. Youโ€™ll want to research horses or teams, depending on what youโ€™re placing bets on to try to get a feel for realistic possible outcomes.

Youโ€™ll want to invest time and research to ensure youโ€™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 to contact us to 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.ย 

horses galloping through sand

Billy Walters – A Gambler for All Occasions

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 ยฃ200 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.

Fancy making some risk free profit? Well check out our review of Profit Accumulator to see how you can make as much as ยฃ500 ย per month risk free.

 

 

 

betting slip

Goliath Bet

As we continue our series demystifying betting jargon and terminology, we turn to theย Goliath Bet, the secondย largest of the named wagers. The Goliath is a daring propositionย which is usuallyย only seenย among experienced gamblers, but one which is available on most betting software platforms.

There are no fewer than 247 bets in the Goliath, placedย onย 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 singleย 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 theย 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. The Trixie Bet, which we’ve explainedย previously, is also a full-cover bet.

As big as the name implies, the Goliathย is a bet for the consummate gambler, a huge risk with the potential for a huge reward. It requires the punterย to set up 247 lines, which is a serious ante – even if you only betย ยฃ1 per line, that’s still an initial outlay ofย ยฃ247. 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 thanย ยฃ390,592 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 withย ยฃ608, 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.ย Here’sย a handy calculator. Just plug in the stake, the odds, and the terms of the bet, and the website works out your return and profitย 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 somethingย completely different) consists of an existing wagerย type with additional up and downs added. An up and down, in turn, consists ofย two single bets; if the first selection wins, then itsย original stake isย added toย 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, althoughย 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 returnย on the earlier Goliath wagerย –ย ยฃ1 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 beenย ยฃ390,984. If only half of the selections had won, it would have beenย ยฃ740.ย Hereย is the calculator again.

For more on theย Goliath Bet, specializedย 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 toย contact 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 ยฃ500 per month risk free.

man celebrates betting win

Famous Betting Coups – the 50p Millionaire

Whether youโ€™re betting on horse races or sporting events, the dream is to win millions and never have to work another day in your life. Of course, this rarely happens, which is why itโ€™s so fascinating when someone does win big. It doesnโ€™t even need to be that someone was sneaky or did something illegal to beat the system. It can be all about someoneโ€™s blind luck. These famous betting coups are enough to make even the most cynical bettor want to dream big. One betting coup that came down to blind luck was a coup pulled off by Fred Craggs. He became known as the “50p Millionaire.”

On the eve of his 60th birthday in 2008, Fred Craggs placed an eight-horse accumulator bet. At the time, Craggs worked as an agricultural agent for the Thirsk branch of William Hill in Yorkshire. His winning the bet made him the first betting shop millionaire in the United Kingdom. When Craggs placed his bet on the winner for eight horseraces, his combined odds of winning were 2,800,000/1.

Isn’t That Lucky

With a touch of irony, the first raceโ€™s winning horse was named Isnโ€™t That Lucky, and the final horse that won the eighth race bore the name A Dream Come True. By the end of the day, Craggs would be a millionaire as all eight horses he selected won their races. His only dark cloud was a small print rule of William Hill that capped his winnings at ยฃ1 million pounds versus the ยฃ1.4 million he should have won.

In an interesting turn of events, William Hill had another rule that might have capped Craggsโ€™ winnings at a ยฃ100,000 pounds, but they decided it would reflect badly on their firm if they imposed it and awarded Craggs the ยฃ1 million. This rule related to the fact that some of the races Craggs placed bets on were overseas races. However, the fear of a public relations nightmare won out, and Craggs received his ยฃ1 million.

Craggs routinely placed small bets, so he didnโ€™t check to see if he had any winners until Saturday, the day of his 60th birthday. What an amazing birthday present! On Saturday afternoon, Craggs stopped by a William Hill location in the town of Bedale. It wasnโ€™t until one of the employees asked if he had any tickets to check that he remembered the wild and unlikely bet heโ€™d placed the day before. Craggs remembers feeling warm and being surrounded by people who had no idea heโ€™d won so much money.

Enhanced Retirement

Craggs continued his day and had dinner with his family without mentioning his huge winnings. He didnโ€™t want to be one of those people who went around screaming and yelling their excitement. In fact, he didnโ€™t tell his family about his ยฃ1 million bet until Sunday. He saw the money as a way of enhancing his retirement. Many looked on Craggsโ€™ bet as the most amazing bet placed in a betting shop since they became legalised in the UK in 1961.ย 

Each time you place a bet, you hope that youโ€™ll find winnings like Craggsโ€™. While Craggsโ€™ bet was blind luck and a lot of faith, you can improve your odds of winning by doing some research on the horses that are racing and the racetrack where these horses are racing. There are many ins and outs to betting that you should feel comfortable with before placing a knowledgeable bet or just trying your luck. Also, different types of bets can increase the amount of money you win exponentially if you win through research or just by making a shot in the dark bet. Who knows you might become the next Fred Craggs.

Of course you can enhance your chances with one of theย winning betting systemsย that has shown itself to stand up to the scrutiny of a live trial here at Honest Betting Reviews.

We can but dream eh?

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Alan Woods: A Gambler Among the Top Three in the World

Today we continue our series of articles looking at great professional gamblers of past and present with a look at Alan Woods, considered by many to be among the top three gamblers in the world.

Murwillumbah, Australia-born Alan Woods has much in common with American Bill Benter. Like Benter, he showed an early fascination with blackjack and professional gambling. Like Benter, he was also youthfully obsessed with the book Beat the Dealer, which applies mathematical and statistical probability to games of chance. Indeed, Woods is said to have observed that he regarding horse racing as โ€œnothing more than a mathematical equation to be solved.โ€

The many similarities between Woods and Benter drew them together in the mid-1980s, and they became partners, sojourning in Hong Kong. Woods in particular has told interviewers that he was drawn to Hong Kong because of the overwhelming popularity of racetrack betting there and the relative transparency provided by the Hong Kong Jockey Club. Woods was also drawn by the idea that Hong Kongโ€™s gambling culture, which was imbued with ideas of fortune and luck, was ripe for a change. (In addition, of course, the tendency of gamblers to rely on superstition or subjective factors makes it that much easier for gamblers with a more objective focus to win big.)

The partnership began developing computer programs by which horses, races, jockeys, and tracks became items of statistical probability. Although the partnership broke up soon after it began, both men continued mathematical-probability based betting and became very successful. Woods has been deemed one of the top three horse race gamblers in the world. When he died in 2008, his net worth was approximately A$670 million.

Yet there were significant divergences between the two men as well. While Benter became a fixture in the Hong Kong racing community, Woods was said to have never gone to the track. Unlike Benter, who split his time between Pittsburgh and Hong Kong, Woods lived for years in a gated compound in Manila, more than a thousand miles from any track.

Nonetheless, the computer-generated gambling he helped to create had a huge impact on Hong Kong horse races. One profile of Woods, for example, focused on a Triple Trio with a purse of $26 million. (In a Triple Trio, a bettor must choose the first three finishers in the fourth, fifth and sixth races.) In this race, Woodsโ€™s team had actually analyzed 1.77 million possible combinations. They were responsible for nearly 15% of the $13 million bet on the Triple Trio.

Although Woods found great pleasure in mathematics early on in life–โ€œI could count to a hundred before I ever went to kindergarten,โ€ he told Australiaโ€™s The Monthly magazine–he was by no means a gambler. He tested off the scale for mathematical abilities when tested during an actuarial course while attending college in Australia.

However, also at college, he did bet the horses, and remembered his first race vividly, telling Australian reporter Tony Wilson: โ€œI picked the third-favourite, a mudlark, to beat the two best horses in Australia at the time, Sky High and Wenona Girl, on a very wet track. And it won. So unfortunately my first experience on the horses was a winning one, because then I thought: โ€˜Hmmm, Iโ€™m pretty good at this.โ€™โ€ He was also an excellent poker player and bridge aficionado.

Weighing and exploring all the factors that go into a race is a huge part of the computer programs that Woods and his group, called Libertarian Investment Limited, do. Along with the standard variablesโ€”horses, jockeys, tracks, owners, past records, present expectationsโ€”they have tried out categories called โ€œbad ridesโ€ and โ€œpremature speedโ€ to handicap horses.

Weighing and exploring all the factors that go into a race is a huge part of the computer programs. One of the primary methods for computer syndicates such as Woods’s, for example, is to troll the numbers for a convergence of events that the team calls an overlay. This is a horse that has been overliked by the public, in a senseโ€”one whose odds are therefore too high.

Murray tipped to lead Britain to Davis Cup glory

Great Britain are odds-on favourites to lift the Davis Cup when they face Belgium next week, the first time they will have won the competition for 79 years. British number one Andy Murray is also being tipped to enjoy additional glory by becoming only the second man in the history of the Cupโ€™s World Group to gain victory in all his rubbers in the singles and lead his country to Davis Cup success in the same season.

Murray is hot favourite to win his singles rubbers in the final with Sky Bet offering odds of 2/9. If the Scot manages to do that he will match John McEnroeโ€™s achievement of 33 years ago.

Murrayโ€™s achievements aside, Great Britain remain clear favourites to claim the Davis Cup. Sporting Life reports: โ€œGreat Britain are currently 2/7 to lift the famous trophy for the first time since 1936 but, given Murray’s importance to the team, backing him to win three rubbers (which would guarantee GB victory) at 4/7 could be better value.

โ€œBelgium are 11/4 to cause an upset and their best chance would appear to be winning one singles on the opening day, the doubles on day two and then the fifth rubber in which Murray won’t be involved. They are 10/3 to win 3-2 in the ‘tie winning score’ market.โ€

A look at the Tennis betting with all the major bookies demonstrates just how high the expectations are for a Great Britain victory. As well as those odds quoted for Sky Bet, Bet365 are offering 1/3, Paddy Power 1/4, Ladbrokes 3/10, 888Sport 6/19 and the message is the same across the board according to Oddschecker; Andy Murray and his team of Brits will be bringing the David Cup back across the English Channel!