Bank Builder – Final Review
We have reached the end of our six month trial of Bank Builder and here are the final results:-
Profit/Loss: | -$496 |
Strike Rate: | 79% |
Bank Growth: | -50% |
ROI: | -3% |
Average number of bets: | One per day |
Cost: | £47/month, £112/quarter or £450/year |
VERDICT: | FAILED |
Rating: |
You can view full results here.
Bank Builder – Full Review
Bank Builder is a football betting strategy from the team behind the popular Football Advisor service. It provides tips on short-odds favourites across Europe, such as Barcelona, Juventus, Bayern Munch and Man City etc.
Bank Builder has changed its modus operandi quite a bit since we started our trial, but for the purposes of this review we stuck to the strategy set out at the start, which was to bet 33% of the bank on each selection.
The advised approach is to start with a set amount for each “cycle” – which was $1,000 for us – and to start a new cycle each time the bank doubles, starting again at $1,000.
Things started off very well with the initial bank doubling in just two weeks.
Sadly though that was where the good news ended. From then on it was a real struggle and our review finished with the bank for the second cycle almost gone, despite adding an additional $500 half way through, as advised by them.
Overall we finished $496 down, which was obviously a pretty bad loss and represented nearly half of our original bank.
The top sides in Europe such as Real Madrid, Bayern Munich and Barcelona struggled this season – particularly in the first half of the season – which hit the results quite hard.
As stated a few times during the review however, our main concern was that the staking was far too aggressive with 33% of the bank being risked on each selection.
It was always set up for a fall to risk that much of your bank on each bet, no matter how confident you might be in the selection.
So really the question is how much of this system’s failure was down to the staking and how much down to the actual picks?
Well, at level stakes it would have lost approximately 4 points, which although disappointing would not have been the end of the world.
In essence then the main problem here was the staking system which made the results much worse than they otherwise would have been.
We can see some merit in backing strong favourites in football matches and it has worked well elsewhere (see Banker Bets for example). Plus there are some stats to suggest there is value in short-odds favourites, primarily because most punters don’t like backing them.
All in all though, whichever way you look at it this had a very rough trial with a big loss made and the only realistic outcome is a FAILED rating.
It’s back to the drawing board with this one and we note they are looking at other iterations of the system with more sensible staking so we will keep an eye on how those develop.
Service Breakdown
Ease of use: With an average of one bet per day there isn’t too much work involved in following the service, although of course most tips are sent out at weekends when there is more footy.
Availability of prices: There were no problems at all in obtaining the advised prices, with huge liquidity on Betfair for the kind of teams they back.
Strike rate: The strike rate for the trial was 79%, which on the face of it seems good but would have needed to be quite a bit higher to turn a profit at average odds of 1.23.
Advised Betting Bank: As discussed above, it wasn’t so much the advised betting bank that was the problem but rather the stake advised per bet.
Subscription costs: The subscription costs are high at £47/month, £112/quarter or £450/year.
OVERALL VERDICT: FAILED
Things went badly wrong for Bank Builder with a loss of $496 made from an initial starting bank of $1,000 and that means it’s a FAILED rating from us unfortunately.
The main problem was the staking was far too high but even with level staking it would have made a loss so it’s back to the drawing board with this one we’re afraid.
Bank Builder – Results Update
5th February 2019
Sadly we are pretty much bust now on Cycle 2 of Bank Builder, with just $29 left from a starting bank of $1,000 and with another $500 thrown in.
In terms of the recent results, they have lost another $51 since our last update a month ago and are now $499 down for the trial overall.
You can view full results here.
So all in all it looks like this one is heading for the failed pile when we wrap up our review shortly.
In essence we think there is potentially value in backing strong favourites in football, but this season just hasn’t worked out for the big teams in Europe.
Plus we think the staking approach of wagering 33% of the bank on each selection is far too high.
As we say we’ll be back soon to finalise our review but it looks like the writing’s on the wall for this one unfortunately.
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Bank Builder – Results Update
2nd January 2019
Not much change for football service Bank Builder lately, with a profit of $35 since our last update.
But unfortunately they are still $448 down for our trial overall after the previous losses.
You can view full results here.
It will take something pretty incredible to rebuild the bank here after the losses suffered and also quite a bit of time.
The over/under service (results on second tab of spreadsheet) has also had a tough run lately, losing $116 since our last update and is now $55 down for our trial overall.
The problem with an approach like the one used for the over/unders service is that when you are backing at odds of around 1.06, one or two losses can wipe out a lot of previous wins and that is what’s happened recently.
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Bank Builder – Results Update
28th November 2018
The brutal run continues for Bank Builder, with a further $316 lost since our last update.
That means for Cycle 2 they are now $1455 down, which is a pretty hefty drawdown to say the least. For Cycle 1 they made $972 profit, which means for the trial overall they are $483 down.
You can view full results here.
This is sadly a case where pretty much everything that could go wrong has gone wrong. Their chosen strategy – of backing supposed “bankers” in the top leagues – has coincided with one of the worst runs of form in recent memory for teams like Real Madrid, Bayern Munich and Barcelona.
They have recently decided to scrap Cycle 2 and commence a new Cycle, which is OK if you joined right at the start of Cycle 1 and made some decent profits there, but for those who joined for Cycle 2 the bank will be nearly all gone, so it is a question of whether you have the funds (and the patience) to try another cycle.
They have also added a new strategy of backing in over/under markets, which we have included in a second tab on the results spreadsheet. That strategy is currently $61 up.
All in all this has been a trial that started off with great hope and excitement but has been rather blown to pieces over the last couple of months.
We had concerns the staking was far too aggressive at 33% of the bank for each selection and that has been borne out. Staking at 10% or even 5% may have been more appropriate and avoided the huge drawdowns. That is the approach they went for however and whilst it looks great when things go well, we have seen what happens when things go the other way.
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Bank Builder – Results Update
22nd October 2018
It’s been something of a horror story for Bank Builder lately, with a big loss of $1,043 since our last update at the end of September.
That means for Cycle 2 they are now $1,141 down, but made $972 profit in Cycle 1 so are $169 down for our trial overall.
You can view full results here.
Now of course you may be wondering how they are still going in Cycle 2 if their starting bank is $1,000 and they are $1,141 down for the Cycle.
Well, on 26th September they put in an extra $500 to the bank – a so-called “Wild Card” – to help keep things going.
Sadly it hasn’t helped much and either way most of your bank for Cycle 2 would be gone, whether you put in that extra $500 or not. They use a fixed percentage of the bank each time, so in theory the bank can never be wiped out, but if it ends up getting too small then realistically the chances of building it back up to a profit become pretty remote.
It is worth mentioning that this recent downturn has coincided with one of the worst runs of form for the top teams you could imagine. It is difficult to remember a time when Barcelona, Real Madrid and Bayern Munich all struggled so badly at the same time – and those are the kind of teams they bet on.
You could question of course the merits of still backing these teams at such a time, particularly Real Madrid who have been really poor so far this season after losing Christiano Ronaldo.
In any event though, the position for the trial overall isn’t too bad so you just have to put the recent run down to an exceptionally unlucky set of results and hope that things improve fairly rapidly for them.
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Bank Builder – Results Update
29th September 2018
The first cycle of football betting system Bank Builder completed successfully with just under $1,000 profit made, but the second one has proved more of a roller coaster ride with some big ups and downs so far.
Currently they are $98 down for Cycle Two, which isn’t actually too bad when you consider some of the results that have against them like Bayern Munich and Barcelona both not winning in the same weekend.
You can view full results here.
It is worth bearing in mind when looking at the spreadsheet that they injected an extra $500 on 26th September to boost the bank. That is optional but means you can stake slightly more on the bets. The target for the cycle also goes up by $500, so they are now trying to win $1,500.
There have been some surprising results lately so let’s hope that spell is over and they can get the profit cycle back on track now.
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Bank Builder – Results Update
26th August 2018
A quick update to say that indeed Bank Builder did manage to complete the Cycle and double the bank so they will already be commencing Cycle 2 today.
You can view full results here.
What an amazing run it was with 100% of bets winning and it only taking just over two weeks to double the bank. Some services don’t manage that in an entire year!
Just a note to say that the bank actually grew 97% rather than 100% but they felt the risk / reward ratio did not warrant the extra bet just to achieve the few extra pounds to make it exactly 100%. There will be many occasions where they hit 105%, 110% or even 120%, so over time they expect it to average out any way.
Please be aware that Cycle 2 will start at 5pm UK time today (Sunday), so if you want to get involved in the next go at doubling your bank you can do so here.
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Bank Builder – Results Update
23rd August 2018
It’s been a great start to our trial of Bank Builder, with all the bets having won so far (100% strike rate) and the bank having grown by 76.6% – or $766 if starting with a $1,000 bank.
You can view full results here.
So they are close to having doubled the bank already in just a few weeks which is impressive stuff.
If all goes to plan then they could double the bank and complete the first Cycle in the next 2-3 bets, after which the next Cycle would start straight away.
Staking is quite aggressive as a portion of the bank, so you want to start with a bank and staking you are comfortable with.
As long as you do that though then this is looking like a top quality system. There are no worries about price availability either because they are betting on the top football leagues where there is masses of liquidity.
Anyway, let’s hope it all goes smoothly and they complete the Cycle in the next few days.
You can sign up for the next Cycle here.
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Bank Builder – New Review
3rd August 2018
Before the World Cup we highlighted Football Advisor as a service to follow and they went on to rack up a very nice 28 units profit from the tournament.
Well now they are launching a new system for the upcoming football season and it looks very interesting.
It is called Bank Builder and they ran it last year, when it made an overall profit of £4,267.19, across the four active Cycles that they ran.
The idea is to bet on football using a smart staking strategy which firstly protects your betting bank, while allowing for compounding, capitalising on short winning streaks to deliver accelerated growth over short periods of time and to double your betting bank (each one being a “cycle”).
With a full season ahead, they are expecting to run between 6 and 10 cycles over the 2018/19 season.
Already 85% of the members from last year have signed on again this year and they have decided to open a limited number of spots for new members to join them on their rapid bank growth strategy.
Here is what they say you can expect from Bank Builder:
• Aim to double your betting bank
• Guaranteed that you will never go bankrupt or lose all of your betting bank
• The cost of the service will be between 2% and 20% of your returns
• You will win between 80% and 95% of all of your bets
This looks very intriguing and we are going to be running a live trial of it at Honest Betting Reviews to see if it can deliver on those claims.
If you want to check it out for yourself you can do so here – please note the first cycle starts this weekend so there isn’t much time left to sign up.
With the expertise of Football Advisor behind this one we can see it has a chance of doing well, although as always the proof of the pudding will be in the eating.
We will aim to run a three month trial, although how long the trial lasts will depend to some extent on the length of the cycles but hopefully we will get through at least one of the cycles within three months.
Anyway, as we say things are due to kick off this weekend so without further ado we will get the trial underway and will report back soon on how things are going.
In the meantime you can check out Bank Builder here.