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,

Plus 500

Plus 500 Review

Plus 500 Plus 500 is a trading platform for trading CFDs on shares, indices, commodities, ETFs and Options.

They are listed on the AIM market of the London Stock Exchange and sponsor Athletico Madrid Football team.

Here we have a look in more detail at what you can trade on the Plus 500 platform:

Shares

You can trade share CFDs from over 20 countries including the USA, Germany, UK, France and many more. 

In terms of the UK market, that means FTSE 100 stocks like Barclays, Next and Rolls-Royce as well as newcomers such as Ocado and Royal Mail.

The great thing about trading is that you go short or long on shares, depending on how you see the various companies in question.

There are no exchange commissions with Plus 500 and you save 0.5% compared to a traditional UK share purchase.

In addition, you can trade shares on leverage, meaning you only have to deposit a certain percentage of the cost of purchasing the share outright, giving you more potential capital to trade with.

However, be warned that you don’t become over-leveraged as that can lead to difficulties. Make sure you only trade on leverage what you definitely can afford and don’t become over-exposed should the market turn against you.

To guard against that, you can set stop losses and profit targets so that you position is closed if the stock reaches a certain price.

 

Commodities

 

Some of the most exciting markets to trade are commodities. You can trade everything from oil to gold, coffee and sugar, plus many more.

With commodities having hit very low levels in recent times, there may be some bargains at current prices as demand may well increase in coming years. Or perhaps you think there is still lower to go in the commodities markets, with China’s economy still in difficulty and with a glut in oversupply.

Whatever your views, Plus 500 offers a great place to trade a wide range of commodity markets.

Trade Gold with Plus500

 

Indices

There are a broad range of indices available to trade on Plus 500, including the FTSE 100, S&P500, DAX, CAC, Nasdaq and many more.

Indices represent an attractive option for lots of people as they represent trading a range of different companies together as one instrument. So you may have a feeling about the general direction of the market, being a bear or bull, rather than having a particular view about a specific company.

Indices have been very volatile in recent times with turbulent global markets, so there are opportunities for the shrewd investor!

 

Forex

The forex markets are the largest traded markets in the world, with over $4 trillion traded each day. Forex markets operate 24 hours per day.

 

Plus 500 have very low margins on their Forex markets, with just 2 pips on the EUR/USD for example.

Plus 500 offer a good number of forex markets to choose from, including the main markets such as EUR/USD, GBP/USD and EUR/JPY as well as more exotic markets such as AUD/CHF and GBP/NOK.

There is also excellent leverage offered – with up to 1:200 available. So you could theoretically start trading with as little as £200 to trade the equivalent of £40,000 – although again, be careful not to over-leverage yourself!

They also have a free trading platform and plenty of professional graphs for you to take advantage of in your trading.

 

ETFs

An ETF is an exchange traded fund and there are plenty of options with Plus 500.

There are low spreads and Plus 500 does not charge dealing commissions on ETFs. Leverage is also good with levels up to 1:100 available.

 

Options

With Plus 500 you can get Call or Put options CFD on the Dax 30, S&P500, CAC 40, MIB 40, AEX 25. 

Again the spreads are low and there is no commission charged. 

 

About Plus 500

Plus500 UK Ltd is based in London and Plus 500 is one of the highest rated CFD trading apps on Apple’s App Store and Google Play. It is simple to use yet has many advanced features.

The company was founded in 2008 and has been pioneering in many developments in the trading of financial markets. They launched the first Bitcoin CFD in the world in 2013 and introduced a “guaranteed stop” facility in 2014. 

Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any right to the underlying assets. 

 

Premium +500 Affiliates Partner

 

 

 

 

horse racing pic

Ruby Walsh Profile

Ruby Walsh has been classified as one of the best jockeys in the world and he has been the recipient of a number of awards and achievements. He has been the Irish National Hunt champion jockey on 10 occasions and he was named the leading jockey at the Horse Racing Ireland National Hunt awards for 5 consecutive years. Above all he has managed to achieve the award for International Jockey of the Year three times.

But where did this young jockey start and what is his driving force? What is it that makes him such a sought after racer and rider of horses? It is clear that Walsh comes from a long line of respectful animal lovers and passionate horse riders.

Early Days

Ruby Walsh was born on May 14, 1979 to former Irish champion amateur jockey, Ted Walsh, and his wife Helen. This was the perfect platform for Walsh to be exposed to horse racing, the ins and outs of the jockey industry, and cultivate a love for the majestic animals he rides on time and time again.


From a very young age, Walsh has shown interest in competitive horse racing and he showed great potential in this field. At 19 he already won the Irish amateur title twice – in 1996/7 and 1997/8. After this he was propelled into a professional career track where he gained a lot of exposure as each race commenced.

Breakthrough Win

He won his first English Grand National on a horse trained by his father in 2000 when he was a mere 20 years old. Together, the father-son team went on to win the Irish Grand National in the same year.

In the 2004/5 season, Walsh went on to dominate 3 of the 4 nationals. As the years passed, however, he came back for the fourth one he missed out on and won it with pure skill. In 2015 he became the only jockey who was still currently riding to win all 4 nationals  in his entire lifetime. Since his initial race, he rode on over 2000 winners and in 2007 he won the British Horseracing Board Jockeys’ Order of Merit Award.

Breaking Records

 

In January of 2007 he reached the fastest ever century of winners in Irish jump jockey history. He ended the season with a combined total of 198 winners, which is more than any other jockey in the history of horseracing. In 2009 when he competed in the Cheltenham Festival where he rode over 7 winners in 4 days setting a new record. On the second day he officially became the jockey with the most wins at the Cheltenham Festival.

Injury Setbacks

However, not all was rose coloured during the course of his career. There have been many obstacles that Walsh had to get over in order to continue with his illustrious career and these were by no means easy feats. He had sustained a number of injuries over the course of his life that influenced his career negatively. But with his constant passion for riding and his determination, he was able to get back on the saddle in no time flat.

His worst injury was in 1999 at Pardubice in the Czech Republic. He was here visiting a course in order to complete The Great Pardubice Steeplechase and during this visit he broke his leg. This leg continued to be a stroke of bad luck for him as he broke it again later in his career. This set him back in a recovery period of 5 months, but he recovered in time to win his very first Grand National on his partner, Papillon.

Walsh has also fractured his wrist twice and he dislocated his hip while fracturing the other. He also fractured his elbow, dislocated both of his shoulders, and suffered cracked and badly bruised vertebrae. He also had to have emergency spleen operation after he fell at the Paddy Power meeting at Cheltenham in November of 2008. Even though this would have set back any other jockey or athlete, Walsh returned to the saddle a mere 27 days after the operation commenced.

In 2010, during the run up to the Grand National, he broke his left arm after a nasty fall. His horse fell and he toppled over with it. Both of them were fine for the moment until a horse behind them trampled over his arm mid-run. He broke his arm in two places. In the same race in the year 2012 he suffered another injury after falling of a horse, which prevented him to compete in the Grand National 2012.

At the Cheltenham Festival of 2014, Walsh sustained another injury where he fractured his humerus. In 2015 he participated in the Gran Premio Merano in Italy where he rode on the horse called Perfect Gentleman. During this race the horse fell over and died in front of a crowd of 10 000 people. The horse had died of a neck fracture, but Walsh walked away unharmed and unscathed.

Taking a Step Back

Ruby Walsh has taken riding down a notch to spend more time with his family. He has 3 daughters with his wife Gillian called Isabelle, Elsa, and Gemma. His sister, Katie, is also one of the more renowned female jockeys, and his brother, Ted Walsh Junior, is married to top female jockey, Nina Carberry. Ruby Walsh has appeared on a number of TV productions during his injuries and even appeared on a few segments on Channel 4’s racing programme, The Morning Line.

He is currently the Cheltenham Festival’s most successful rider with 45 wins and by winning the leading rider’s award nine times within the past 12 years. Up until this date, Walsh has been Irish jump jockey 10 times. His dominance in English and Irish races has led him to live in Calverstown, County Kildare with his wife, Gillian. Here he frequents his two Irish stables on both sides of the coast line. Walsh still takes the occasional ride for his father as well as a range of other impressable trainers.

 

 

US Flag plus dice

What is a Super Yankee Bet?

We continue our effort to break down the barriers created by complex betting terms that restrict how those not in the know bet, by checking out the Super Yankee bet and making it easier to get your head around.

How did the Super Yankee bet get its name?

First things first – how did the Super Yankee gets its name? The story goes that an American gambler – possibly a soldier – won a huge amount of money with just a small stake using this type of bet while in the UK, and thus the Super Yankee bet was born.

The Super Yankee bet is exactly the same as the Canadian bet, and is also pretty similar to the lucky 31 bet; you can find simple explanations of both the Canadian bet and lucky 31 bet elsewhere on Honest Betting Reviews.

How do you place a Super Yankee bet?

The Super Yankee is made up of 26 different bets based around five selections. The first wager is a five-fold accumulator, which places all five picks together for the best odds.

Next up will is five different four-fold accumulators, with one different selection removed from each. You will find that the four-fold accumulators still present you with reasonable odds, yet ensure that if only one selection fails to come through, you can still get a decent return.

The rest of the Super Yankee is made up of ten trebles, where the five selections are placed in threes, and finally ten doubles. The only difference between a Super Yankee bet and a lucky 31 bet is that the Super Yankee bet does not include any single bets.

While there is an increased stake and increased risk involved in a lucky 31, the fact bookmakers often offer bonuses on it means it may be worth upgrading from a Super Yankee bet in some circumstances.

Each selection has an equal effect on the return in a Super Yankee bet, and a single loss can reduce winnings dramatically.

How do you win a Super Yankee bet?

To make our example of how you would win a Super Yankee bet easy to understand, we will play it out as if the odds on all five selections were evens. If this were the case then you would need four out of the five selections to be right to make a profit, and obviously all five right to maximise your return.

Obviously it is not easy to work out what a Super Yankee bet could win you with five selections with differing odds, so use an online calculator to see how it would work out for you based on your selections. However, you will see a return as long as two selections come in.

Super Yankee bets are popular with horse racing aficionados, as each way bets are possible, ensuring you do not lose out completely should a selection come second.

So that is one more betting term explained. If you would like explanations of other betting terms, check out the other guides on Honest Betting Reviews.

weight of money

What is risk-free Betting?

For most gamblers, everyone knows that the house always wins, or the bookie, depending on your forte.  This may be true for the general public, but did you know there are so-called “risk free” bets that you can place, also known as matched bets? 

This is usually a technique that is reserved for highly experienced and math-oriented gamblers, but it has become much more accessible lately, thanks to online betting products that specialise in matched betting.

Outwit, Out-smart

When you browse online for online gaming websites, typically you will find every company offering freebies, or introductory offers to get you to try their betting service.  These are genuine offers, from all the reputable websites like Bet365, William Hill and Ladbrokes, where you do get free money to place your bets. 

The reason why they can offer free money is because they know that gambling is an itch that must be scratched more than once.  That £50 free bet is often not enough for the average person, especially gamblers.

It all sounds fairly easy on the outside, to take your free bet and place it on something that has a low risk, but low reward, then cash in those winnings and be ahead, at minimum, the free bet investment that you started with.  

How to Play

Risk-free betting websites essentially do all the work for you, so that anyone can try it without needing to have previous experience in betting.  The key is in the quality of the online platforms that you are using to place these bets.  The concept of matched betting relies heavily on following offers and making calculated bets so that you always come out on top using the “free bet” offers and the betting exchange systems.

These risk-free betting websites, which operate on the premise of making minimum bets on the results of sports are perfectly legal and used by thousands of people every day. 

The best one we have come across is Profit Maximiser, which allows you to make up to £500 per month risk free from matched betting. 

There is also Profit Accumulator, which is very similar to Profit Maximiser and works on the same basis.

Other profitable matched betting products we have tested here on the site include Accumulator Generator, Bonus Bagging and Each-Way Sniper. These are all highly recommended if you want to take risk-free cash off the bookies.

Not gambling – investing

What makes this strategy work is that it doesn’t actually count as gambling.  Half the reason why people gamble is that they find the risk exciting.  The other half is obviously to win, but the activity itself is what makes you addicted.  You can become addicted to anything if you ignore logic and become obsessed over it.  Risk-free betting requires self-control and proper research into the programs and bookies that are being used.

Begin with small offers so that you limit your risk from misunderstanding rules, instructions, or inputs.  This should be treated like any other financial investment, not as something to toss money at and hoping you will get lucky.  Never bet with money that you can’t afford to lose, that’s always rule number one for anyone who unsure if they might acquire a gambling addiction.

 

 

football player with trophy

How to win football accumulators

We all love placing a football accumulator. The thrill of potentially winning hundreds – or even thousands – of pounds off just one bet is quite an attractive proposition. 

And as each leg of your acca comes in, it gets more and more exciting. 

Once you get to the final one, it becomes positively nerve-wrecking as you wait to see if you have pulled it off. And if you have, then BOOM! It’s party time.

And all it needs is for a few teams to win their matches – they could even all be favourites. After all, how often do you see the likes of Arsenal, Man Utd, Chelsea and City all winning in the same weekend.

It must be easy, right?

Wrong.

 

The bookies love accumulators

I will let you in on a little secret: the bookies love accumulators.

They love punters who place accumulators even more.

Do you know why?

Because accumulators are terrible value for the punter. Basically you are multiplying together the bookies’ edge over you.

Instead of a normal bet where the bookie might have a 10% edge over you, they will have a 30, 40 or even 50% edge over you.

So it’s pretty much impossible to win over the long term with accas – unless you get very lucky and win a massive acca – like the pools or something. 

But that is like praying for a lottery win – in other words, extremely unlikely to happen.

What if there was a way to turn this around though and profit from every single accumulator you place – to kick the bookies where it hurts and take cash off them on a regular basis?

 

How to win every single acca you place

Well, the good news is there is a way.

It comes courtesy of a product we have reviewed here recently at Honest Betting Reviews called Accumulator Generator.

Basically what it does is take advantage of the bookies’ accumulator offers.

The great thing about it is that you can make around £10 per accumulator you place, whatever happens – win or lose.

So if you do just one a day that would be £70 per week or £300 per month.

And if you do 2 a day, it will be £140 per week and £600 per month – that would add up to over £7,000 per year – with no risk!

 

How do the bookies acca offers work? 

Well basically most of the bookies have offers where if one leg of your acca loses, they will refund your stake as a free bet, up to a maximum of £50. 

There are currently over 20 bookies with these offers. The amount of the refund varies, for some of them is £25 and others right up to £50.

 

How does Accumulator Generator work?

What Accumulator Generator does is use these offers so that whatever happens, you will make a profit.

Firstly, it has some awesome software that scans all the possible accumulators and compares them to the odds available with Betfair. 

Here is a look at the software:

Accumulator Generator

On the left in red is the estimated amount you can win on each acca. There is also information on how long the acca will take to be completed, the bookie it is with and the current total bookie odds versus the current total Betfair odds.

You can then click on the purple icon and you will be taken through to the calculator which shows you the accumulator and how to set up each leg.

The great thing is there are literally hundreds of offers every day, so you will have plenty to choose from.

 

Four Approaches

There are different approaches you can take to the accumulators, depending on your aversion to risk. In total there are four different methods for playing the accumulators:

  1. Bet/lay and hope – this is an approach where you hope that just one leg loses and you will get the value of the refund as a free bet. If no legs lose or two or more do, then you make a small loss.
  2. Bonuses – this is a progressive approach where you make more money the further down your accumulator you get before hitting a loser.  
  3. Lock in a profit – this is our preferred method – as the name suggests, you guarantee a profit whatever happens. So you could have two, three or more losing legs and you will win the same as if just one or none lose. You tend to make about £10 on average from a £50 stake in guaranteed profit from this method.
  4. Advantage play – this is a more basic method of just playing some accas and not laying them off, but relying on enough of the refunds coming in to keep you in profit (although we are not sure that you need Accumulator Generator to use this method).

As I say, the best method is the lock-in profit method that allows you to make a guaranteed profit whatever happens.

On some occasions, the odds will drift out from those you have backed with the bookies, so you will be laying at higher odds and will make less profit.

But on other occasions, the odds will move in and you will end up making more than you originally anticipated.

 

Things to watch out for

There are a few things to watch out for with Accumulator Generator.

First up, if you are new to matched betting, then it will take a while to watch the training videos and get fully up to speed on how it works. It will also take a bit of practice to get used to it, but once you have done a few accumulators, it will become pretty much automatic.

Secondly, you will have to log in to the software between matches to lay off the next leg of your accumulator.

Sometimes there will be just one match per day on your acca, so you will only have to log in to the software once per day and then you are done.

On other days though, there will be more than one match per day so you will have to remember to log back in to the software between matches and lay the next leg of your accumulator. It can be easy to forget! So best to have some sort of reminder system in place so you don’t miss any legs of your accas.

Finally, as with all matched betting products, there is the worry of having your bookie accounts closed or limited.

However, as long as you remember to spread your bets around and to not overdo it, then you should be ok with this.

As we said at the beginning, the bookies love punters who place accumulators, so they will be less likely to hit you with an account limit using this than with some other betting systems.

 

Conclusion – How to Win Football Accumulators 

The bookies love football accumulators. As a punter you are normally getting terrible value and the bookie has a massive edge over you. 

To win at football accumulators without knowing the future like an oracle or Biff in the Back to the Future II, or being some kind of betting genius is virtually impossible.

But with a product like Accumulator Generator, you can turn the bookies’ advantage over you on its head. 

By using its amazing software you can profit from every single football accumulator you place. Doing just two of these per day would net you £600 per month, or over £7,000 per year.

Not bad eh?

So there you have it – the definitive way to win at football accumulators.

Have a go at it and let us know how you get on – you can thank us later 🙂  

 

man celebrating win on phone

What is a rule 4 in betting?

The Honest Betting Reviews series of guides offers simple explanations of complex betting terms in order to break down barriers for betting novices by clearing up areas of confusion and making the uninitiated aware of the types of bet available to them. This guide looks at what rule 4 is when it comes to betting, what exactly it entails.

When does rule 4 apply in betting?

Rule 4 applies specifically to horse racing and greyhound racing when there are non-runners in an event. If there is a non-runner, but all final declarations have been made and the odds fixed to reflect this, there are industry-wide standards that apply in terms of deductions.

For example, if you have picked the second favourite in a race at odds of 6/1, and the favourite is declared a non-starter right before the race, then the second favourite will become the favourite, even though it had odds befitting that of the second favourite when you placed a bet on it.

If the new favourite then wins the race, under rule 4 a set value will be deducted from your winnings to reflect the fact that your selection was the favourite rather than the second favourite. The bookmakers will offer refunds to those who placed a bet on the non-runner..

Rule 4 can only be applied after all final declarations have been made, and this is when those who have backed a non-runner will be refunded. The final declaration stage usually occurs 24-48 hours before the race.

How much can be deducted from winnings under rule 4 in betting?

Set rules apply in terms of the deductions that can be made under rule 4 in betting, which are followed by all bookmakers in the UK. 

The amount deducted depends on how likely the non-runners were to win; if the favourite withdraws it makes it much easier for the second favourite to win, but if an outsider withdraws the second favourite still has to beat the favourite, so it is still difficult for the second favourite to win the race.

The exact amount deducted is based on the last price the non-runner was offered at because this equates to its chances of winning.

So for example, if a horse was 3/1 to win, this means it chances of winning were 25% (i.e. 1oo% divided by the decimal odds of 4.0 = 25%).

If that horse is withdrawn and declared a non-runner, then all other horses would suffer a deduction of 25% in their odds if they win.

When does rule 4 not apply in betting?

Rule 4 in betting does not apply to any ante-post races or futures markets, which involve betting on a race before final declarations are made.

If you are unlucky enough to have backed a non-runner before the final declarations are made you will not get your stake refunded. 

Why is rule 4 in betting called rule 4?

Rule 4 in betting is called rule 4 simply because it was the fourth rule in the list of rules devised to govern horse racing by Tattersall’s, one of the organisations that originally coordinated and codified horse racing in the UK and Ireland.

So that is another complicated betting term explained. We hope you found this guide helpful and, if there are other betting terms you would like to see an explanation of, check out the other guides on Honest Betting Reviews.

horse racing

Nijinsky II–Triple Crown Winner and One of the Great Race Horses of England and Ireland

The pantheon of great British race horses has to place the Canadian expatriate Nijinsky II near the top of the heap. Although he was foaled in Canada in 1967, out of the mare Flaming Page (who shared the bloodlines of the magnificent Gallant Fox, Omaha, and Man O’War) by the equally equine royalty Northern Dancer, he was the brightest star in British racing during his illustrious career.  

While anyone who follows racing knows Northern Dancer as one of the premier studs of the 20th century, Nijinsky’s dam isn’t as world renowned (mares seldom are). But Flaming Page won not only the Canadian Oaks and the Queens Plate within eight days of each other, she came in second in the Kentucky Oaks. Nijinksy was bred to win, and win he did.

Movie Star Colt

The colt landed at Ireland’s Ballydoyle stable, the home of the great trainer Vincent O’Brien, as a yearling. He was a big chestnut colt with a heart-shaped star and three socks and had his dam’s conformation–a classic Thoroughbred head, a large, deep chest with plenty of scope, and an elegant body. The only fault in his conformation was a slight sickle to his hocks, and he was rather cow-hocked when viewed from behind.

He was a movie star of a colt, and had the temperament to match. Upon Nijinsky’s arrival at Ballydoyle be refused to eat at first, and he didn’t have many fans in the barn he was so difficult to manage.  Later he would suffer such anxiety going into the starting gate that he would work himself int a full lather in the post parade. 

The Terrible Twos

Nijinsky acted out his terrible twos when they finally would coax him out onto the turf as well–just getting him out of his box was on ordeal for the stable lads. He reared and bucked his way into the grooming and tacking stalls, but as one of the grooms noted, he had superb balance and never “toppled over”. 

O’Brien put his flat racers through a training regimen that would give today’s trainers heart attacks. No coddling around the track in a breezy hand gallop for these charges; their day began with

……a walk in the Ballydoyle training ring, followed by “the gallops” out on the rugged terrain surrounding the stable. The gallops took place over the kind of area normally associated with (fox) hunting –acres of inclines, declines and flat going.

Tough Regimen Pays Off

With Nijinsky, as with most of O’Brien’s horses, the tough regimen paid off. The big bay won his first outing as a two year old, the Erne Stakes. He went on to win his four other starts that year, and ended the season as Champion Two Year Old in Ireland and England. Each race O’Brien had his jockey push him a little harder, but by the final race at Newmarket he admitted that the colt hadn’t really been challenged to run his fastest. Nijinsky was what trainers call a “fast stayer”–a horse who can accelerate and maintain speed as often as the race requires. 

Lester Piggott and the Triple Crown

Nijinsky teamed up with the legendary jockey Lester Piggott for his three year old season, and won the British Triple Crown–the 2000 Guineas, the Epsom Derby, and the St Leger. A bad bout of colic two days before the Derby would have taken a lesser colt out of the race, but O’Brien and  his team spent hours walking the colt and treating him the with old-fashioned colic remedies (any medication would show up in post-race tests) until Nijinsky’s spasms stopped and things went back to normal. He responded with the win in what  Piggott called “an easy canter”.  

The run-up to the final race in the triple Crown, the St Leger, also challenged the colt and trainer when Nijinsky developed ringworm. A diet that included as eggs and Irish stout aided his recovery, although race watchers have speculated that O’Brien didn’t want to saddle him for the St Leger because his back was still so tender, his owner Charles Engelhard felt like it was a good start up for the Arc de Triomphe in France a few weeks later.

He won the race, but lost an alarming amount of weight (29 lbs) and his jockey said later the colt wasn’t ready to run and while he won the Triple Crown, the first horse in 35 years to do so, the race took the heart out of him and he never ran with his old joy and abandon again. 

Photo-Finish at the Arc 

He ran the Arc on October, and in a heartbreaking photo-finish run, finished second to Sassafras. They had drawn the outside post in a crowded field and analysts who reviewed the tapes later said that the outside position that day would have been impossible for any other colt to come close, much less come up to lose in such a close finish. The great colt went on to lose his last race, the Champion Stakes, and went on to Claiborne Farm in Kentucky after his retirement. He stood stud with the great American chestnut colt Secretariat at Claiborne–the first two to win their respective Triple Crowns in over a generation. 

Nijinsky lived to the ripe old age of 25, when he was euthanized after suffering from laminitis. He was buried whole in the stud cemetery at Claiborne. Some of his notable progeny include Ile de Bourbon, Caerleon, Ferdinand, Shaded, and Sharastani. 

So much of successful racetrack betting hinges on your knowledge of the bloodlines of the horses running today. 

 

 

calculator pic

What is a Round Robin Bet?

There are so many different types of bets you can place with bookmakers it can be confusing if you are new to betting, and the seemingly endless jargon can be intimidating. That is why Honest Betting Reviews is breaking down both different types of bets and betting terms to help you understand what kind of bets you can place, and what kind of bet best suits what you want to bet on.

So what is a round robin bet? The easiest way to explain it is by using an example. Say you fancy three football teams to win their respective matches on a Saturday afternoon, and you think ‘well, I am pretty sure two of these results will happen and I am reasonably confident about the third happening, but I am hesitant about betting on it in case it messes my other two bets that will win me something’. This is where a round robin helps.

You may have heard the name round robin before from sports you have participated in yourself, or from your team’s involvement in a particular competition. A round robin in these terms is simply when each team or individual in a group plays each other once. A perfect example is the World Cup, where there are four teams in a group in the first stage and each team plays each other once.

How do you place a round robin bet?

The same idea applies to round robin bets; if you choose three teams or individuals you think will win, with a round robin bet the bets will pair up so each team will be placed in a bet with another team, giving you three different bets altogether. So if you place a round robin bet on teams X, Y and Z, the pairings would work out as XY, YZ and XZ.

Obviously, round robin bets get a little more complicated if you want to place one on a larger number of teams or individuals, but bookmakers are prepared for that as they have complex algorithm calculating machines to work out the permutations for any number of selections in a round robin bet. Naturally, the selections you make the higher the stake you will have to place, so bear that in mind if you are consider placing a round robin bet on, say, an entire weekend of Premier League fixtures.

Why place a round robin bet?

The benefit of a round robin bet is that you are covered for one out of your three selections not winning, so if it turns out you had good reason to be hesitant about one of your selections, no worries – you will still have won something. If the selection you were unsure about wins but one of your other selections does not come in, even better – that means you will have won more if the former selection had longer odds than the latter.

So there we have it. If you would like to find out about other types of bets, check out the other Honest Betting Reviews guides for explanations that will help you work out what wagers you can place and when you should place them.

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bet slip

What is a reverse forecast bet?

As we carry on with the Honest Betting Reviews series that breaks down and simplifies complicated betting jargon and types of bets to enable beginners to enjoy greater variety in their betting, we come to the reverse forecast bet.

So what is a reverse forecast bet? You may well have heard of a straight forecast bet before, which is where you are looking to choose who will finish first and second in a race. As you might expect from that, this type of bet is usually reserved for horse racing and greyhound racing, but it can also be used in sports like football to predict the winners and runners-up in a league, for example.

How do you place a reverse forecast bet?

A reverse forecast is an easier bet to place than a straight forecast bet, as you just have to pick the top two finishers of a particular race or sporting event; you do not have to get the order right as long as both of your two choices finish in the top two, which definitely makes predicting the outcome easier if you are confident about who the top two competitors are, but find it difficult to pick one over the other.

The other key difference between a reverse forecast bet and a straight forecast bet is that with the former it is actually two bets you will place as, in order for you to win no matter what order your two selections finish in, you need to place two straight forecast bets – one on each possible outcome.

When should you place a reverse forecast bet?

If you were betting on horse racing, and you think horse X and horse Y will finish first and second, but you cannot predict which will finish first and which will finish second, you place a straight forecast on horse X finishing first and horse Y finishing second, and a second straight forecast on horse Y being victorious and horse X following up.

The reverse forecast bet has elements of the each way bet to it, as you are placing an extra bet to cover you if your first selection comes in second instead. Placing a reverse forecast bet costs double what placing on a straight forecast bet does, but has the added benefit of covering two outcomes.

Most bookmakers offer reverse forecast bets alongside straight forecast bets – in most cases you simply choose ‘straight forecast’ or ‘reverse forecast’ on your betting slip. You can also place what is called a tricast bet, where another selection is thrown into the mix, so forecast bets are not confined to just straight forecast bets and reverse forecast bets.

Hopefully this guide has opened up another door to the world of betting for you, and helped you discover greater possibilities when it comes to making wagers. If you are after more simple yet comprehensive explanation of betting terms and types of bet, check out the other Honest Betting Reviews guides that break down betting jargon for your reading – and gambling – pleasure.

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golf ball

Hole in one Betting Coup

One famous betting coup in the annals of UK bookies is what was widely called “The Hole-in-One Gang,” in 1991. 

A little bit of knowledge, a dollop of psychology and a lot of moxie went a long way in earning what would have been a half-million pounds, had all the betting shops paid up.

The punters, John Carter and Paul Simons were both of Essex, and both had a background in the betting industry. They were aware that most independent bookies simply weren’t up to par on golf knowledge, nor had the resources to pay for advice about the sport, unlike the big chain bookmakers. They were also well aware of the mythology that a hole-in-one is very nearly an impossible feat.

For amateur golfers, the myth holds true–the odds of an amateur making a hole-in-one shot on a par three hole are approximately 12,500 to 1 against, according to National Hole-In-One Insurance.

Prize indemnity insurance sellers, including NHIO, can now cover tournament promoters’ losses in the event a golfer does hit a hole-in-one. Should someone actually do so, insurers will reimburse the sponsor for the prize offered. This means a hole-in-one at a specific place is definitely odds against, as otherwise, no insurance company would touch it. 

And in fact, the odds, were you to bet on a specific pro golfer to hit a hole-in-one in a specific tournament are 2500-1, per NHIO. However, they’re clear that across an entire tournament, 144 golfers, all at the top of their game, improve those odds immensely. 

NHIO, who say most websites giving odds on the subject are “unreliable,” gives the odds that one professional golfer in a four-day PGA tournament will hit an ace as even, or 1-1. 

The bookies taking Simons and Carter’s bets could not have been up on those odds, as the pair were able to get varying prices at independents across Britain and Ireland, and as much as 100-1 on an ace happening at each one of four professional events: The European and US Opens, the Volvo PGA and the Benson & Hedges.

Apparently, the bet should have been priced nearer to 30-1. According to Bookmakers1.com, they also submitted a number of combination bets, including “doubles, trebles and accumulators at similarly inflated prices.” Incredibly enough, there was a hole-in-one in each of those tournaments. Bookmakers across the nation had to pony up, other than a few who did a bunk, or simply refused to pay. 

So, the intrepid pair placed a perfectly legal series of bets and won in the neighborhood of £400,000, worth about double that at the current rate of inflation. Golf has always been one of the best-loved games for punters, because the mathematical probabilities can prove incorrect on almost any given day: 

Odds-against occurrences in recent history:

  • January 2016: Amateur golfer Margery Hadar, 73, who began playing golf at 70, hit two holes-in-one in a single round, both using her driver. GolfDigest.com estimated the odds at 67,000,000-1.
  • August 2015: A gentleman a bit over one-third her age, 28-year-old pro golfer Brian Harman, aced two holes in the same round at the 3rd and 14th holes of The Barclays PGA tournament. Unfortunately, he still tied for 30th place, even with the pair of eagles in his pocket.
  • June 2015: Patrick Wills, a 59-year-old, ex-US-Marine, amateur golfer, shot three holes-in-one, two of them on par-three holes, and one on a par-four, giving him two eagles and a double eagle, in a tournament in Virginia. His score was verified by his playing partners and the course director. He did, however, end up a bit better than Harman, walking off the course at 14-under-par.

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