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draw doubles pic

Draw Doubles – Final Review

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We have reached the end of our six month trial of Draw Doubles and here are the final results:-

 

Profit/Loss:   -49 points
Strike Rate:   20%
Bank Growth:   -25%
ROI:   -4%
Average number of bets:   7 per day
Cost:   £6.95 for first month then £37/month, £87/quarter or £277/year
VERDICT:   FAILED
Rating:

 

You can view full results here.

 

Draw Doubles – Full Review

 

Draw Doubles is a service based around backing the draw in football matches. You can do this in doubles, singles, or both, depending on how much of a bank you want to allocate to each.

Rather than carrying out in-depth analysis of individual matches as John does for his other services Banker Bets and Value Picks, this system uses utilizes a highly sophisticated, software-based selection algorithm to identify the highest value opportunities to back the draw in football matches from leagues around the world.

Given the high regard we hold his other services in, we had high hopes coming into this trial. Sadly though, this one has ended up being somewhat disappointing.

The overall results are that the service finished 49 points down for the trial overall, which equated to a 25% loss of the bank and -4% ROI.

However, those results don’t tell the whole picture because it’s a very different story depending on whether you backed the singles, doubles, or both. 

The results above are for both, but if you had backed just the singles the results would have been:

  • – Profit/loss: +1 point
  • – Strike Rate: 31%
  • – Bank Growth: 2%

And just the doubles would have been:

  • – Profit/loss: -50 points
  • – Strike Rate: 9%
  • – Bank Growth: -30%

So really the singles have done OK and it is just the doubles that have let things down. That suggests there is nothing wrong with the selections themselves, just the approach of backing them as doubles was overly risky.

This had been our concern at the outset of the trial and we had mentioned it a few times during the review.

The good news is that John is considering amending the service to focus solely on the singles, which seems like the right approach to us.

If that ends up being the way the service operates in the future, then we may well update this review and award a different rating. 

For the time being though we have to base our verdict on the results achieved during our trial and with a loss of 49 points being made we have no choice but to award a FAILED rating unfortunately. 

 

Service Breakdown

Ease of use:  There are an average of 7 bets per day if you are backing all selections as singles and doubles, so a little bit of work is involved in following the service. However, it shouldn’t take too long to place the bets and the selections are sent out well before kick-off, usually early in the morning. 

Availability of prices: One of the positive aspects of the service is that results are based on average odds, so you may well be able to beat the published results by using best prices and exchanges.

Strike rate: The strike rate for the trial was 20%, but that increased to 30% if just backing singles, where as the doubles had just a 9% strike rate. 

Advised Betting Bank: A 50 point bank is advised for following the singles and a 150 point bank for the doubles, so combining both would mean a 200 point bank is advisable. 

Subscription costs: The subscription costs are £6.95 for the first month then £37 per month, £87 per quarter or £277 per year.

 

OVERALL VERDICT: FAILED

To use a footballing cliche, this was very much a trial of two halves for Draw Doubles.

The single selections did OK, pretty much breaking even over the trial – and by shopping around for best prices you could have actually beaten the published results.

Sadly though the doubles had a very tough time, notching up a 50 point loss.

So on that basis it has to be a FAILED rating for Draw Doubles as subscribers would have suffered badly over the last six months backing all selections.

However, the service is considering switching to backing just singles and we think that is the correct approach. It would improve the strike rate, reduce losing runs and the bank needed and provide greater stability.

So if that’s the way it goes then we may well revisit our review here and update our findings.

 

 

 

 

 

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Draw Doubles – Results Update

30th May 2018

More losses unfortunately for football tipping service Draw Doubles, with another 14 points lost since our last update.

That means they are now 70 points down for the trial overall.

You can view full results here.

But that doesn’t tell the whole story, as really it’s been the doubles that have been letting the service down, with 60 points lost so far compared to just 10 points for the singles.

So it’s conceivable the singles could still finish our trial with profit but realistically it would take something quite special for the doubles to do so too. 

In any event it has been a little disappointing for this one and let’s hope we have some better news to report by the time of our next update. 

 

 

 

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Draw Doubles – Results Update

2nd May 2018

Unfortunately it’s been a little bit of a tough run for football betting service Draw Doubles since our last update in early April, with 24 points lost in that time.

That means for the trial overall the service is now 56 points down overall.

You can view full results here.

That breaks down as 11 points lost for the single bets and 44 points lost for the doubles. 

Hopefully they can turn things around soon – basically just need to see some draws coming through between now and the end of the season! 

 

 

 

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Draw Doubles – Results Update

10th April 2018

Draw Doubles is turning into the classic yo-yo trial, with things going up and down quite sharply each time we do a results update.

Sadly this time it’s a downtrend to report, with 39 points lost since our last update, meaning we are now 32 points down for the trial overall. 

You can view full results here.

Most of that loss however is from the doubles, which have lost 28 points for the trial overall, whilst the singles have lost just 5 points. As we have said before, following the singles is a lot less volatile.

We have come to the end of three months of trialling the service but have decided to extend things to see how this performs over the longer run. We are particularly interested in the singles as we think they could pick up and be a long term winner. 

Extending the trial also allows us to run it to the end of the season which is a good time to wrap things up.  

 

 

 

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Draw Doubles – Results Update

21st March 2018

Things have turned around nicely for football tipster Draw Doubles since our last update, with 43 points profit made since our last update.

That means we are now 7 points up for the trial overall.

You can view full results here.*

Breaking it down, the singles have been more the consistent performers and are now 11 points up for the trial overall, whilst the doubles have been much more up and down but are now just 4 points down after making a handy 33 points profit since our last update. 

As we said before, it is a question of what kind of banks you have available to bet with as to whether you follow the singles, doubles or both.

They recommend a 50 point bank for singles and a 150 point bank for doubles.

Just to note that they are offering a free trial of sister service Banker Bets from 1st April for and also Premier Football Investments. Just click through to the “free trial” option in the top menu bars on each site. 

 

 

 

 

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Draw Doubles – Results Update

27th February 2018

Sadly there’s been a bit of a downturn for football betting system Draw Doubles, with 30 points lost since our last update.

However, virtually all of that loss has come from the doubles which are now 37 points down for the trial, where as the singles have held their ground and are still level for the trial overall. 

You can view full results here.*

This is perhaps not surprising and we had warned at the start of the trial that betting on the doubles would be much more risky and expose you to some potentially long losing streaks.

For our part we would probably just follow the singles as they will have a higher strike rate and less volatility, although you may of course be able to withstand greater volatility, so it is each to their own as they say.

Anyway, a shame that the doubles have had a tough time as we had high hopes for this service, but there is still time to turn things around.

 

* Please note at the bottom of the results spreadsheet there are two tabs, one for the singles and one for the doubles.

 

 

 

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Draw Doubles – Results Update

8th February 2018

There has been a bit of a correction for Draw Doubles recently, with 15 points lost since our last update for the combined singles and doubles.

That means we are now 7 points down for the trial overall.

You can view full results here.*

The main losses have been on the doubles, with 13 points lost since our last update and they are now 8 points down overall, where as the singles are half a point in profit.

That is the nature of the beast though, as the doubles are always going to be more risky and have some losing streaks along the way.

It is worth stressing again though that you can often beat the advised odds by shopping around, so you may well do quite a bit better than the published results.

 

*Please note at the bottom of the results spreadsheet there are two tabs, one for the singles and one for the doubles.

 

 

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Draw Doubles – Results Update

17th January 2018

It’s been a good start to our trial of football betting system Draw Doubles, which is a combined 8 points in profit so far adding together both the single and double bets. 

That breaks down as 3 points profit for the singles and 5 points profit for the doubles.

You can view full results here.

Please note at the bottom of the results spreadsheet there are two tabs, one for the singles and one for the doubles.

When following the service you can bet in doubles, in singles, or both, depending on how much of a bank you want to allocate to each.

If you are following the doubles then you will need a bigger bank as the losing streaks will be longer. John who runs the service recommends a 50 point bank for singles and a 150 point bank for doubles.

Anyway, good to see this off to a positive start and let’s hope it continues.

Just to mention finally that you can still get a free trial of this until 15th February here.

 

 

 

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Draw Doubles – New Review

3rd January 2018

For our first new trial of 2018 here at Honest Betting Reviews we are going to take a look at a football betting system with a slightly different approach to most footy services.

The service in question is called Draw Doubles and it comes from John Baker, the same man behind Banker Bets, one of the first footy systems we approved here on the site and more recently, Value Picks, which also received an approved rating.

As you have probably guessed from the name, this is about betting on the draw in football matches. You can do this in doubles, in singles, or both, depending on how much of a bank you want to allocate to each.

Rather than carrying out in-depth analysis of individual matches as John does for the Banker Bets and Value Picks services, this system uses utilizes a highly sophisticated, software-based selection algorithm to identify the highest value opportunities to back the draw in football matches from leagues around the world.

The results so far look very impressive, with over 100 points profit made since October 14th by backing both the singles and doubles.

That equates to a return on investment of over 17% and a return on capital (bank growth) of over 50%.

If you had backed the selections just as singles, then you would have made 36 points profit, which is a return on capital of over 70%.

And if you had backed just the doubles, you would have made 74 points profit and a 49% return on capital.

So all of the approaches have been nicely profitable and are worth considering as a way to back the selections.

We are big fans of John’s other services so we are looking forward to trialling this one and seeing if it can match their results.

The good news is that you can get a free trial of it up until 15th February here.

We will run a standard three month trial and will report back here regularly on how things are going.

Let’s hope we have good news to report at the time of our first update. 

Until then though, you can check Draw Doubles for yourself here.

 

 

 

 

 

 

 

 

football player kicking ball

Draw Master – Final Review

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We have come to the end of our three month trial of Draw Master and here are the final results:-

 

Profit/Loss:   -31 points 
Strike Rate:     27%
Bank Growth:    -62%
ROI:   -7%
Average number of bets:    5 per day
Cost:   £1 for first 10 days then £25/month or £50/quarter 
VERDICT:   FAILED
Rating:

 

You can view full results here.

 

Draw Master – Full Review

 

It is often said that the draw is the forgotten factor in football betting. Whilst most of the money typically pours for one or both teams to win a game, normally there aren’t many people lining up to bet on the draw.

So in theory there could be opportunities to find value from backing the draw as it is underbacked by most punters. 

That is the theory anyway, but theory doesn’t always turn into reality and sadly that has been the case here with Draw Master.

After following the tips for three months, unfortunately they finished with a 31 point loss, which with an advised betting bank of 50 points, represented a 62% loss of the bank. 

That is quite a substantial loss and with a return of investment of -7%, we have no choice really but to award this a FAILED rating. 

Hopefully they can turn things around after the last few months of tough results but for the time being this isn’t a service we could recommend following.

 

Service Breakdown

Ease of use:  There are an average of 5 bets per day so a reasonable amount of work involved in following the service. 

Availability of prices: We didn’t experience any issues in matching the advised prices with the option of exchanges sometimes providing an alternative where bookies prices were not available.

Strike rate: The strike rate for the trial was 27%, which is a little below the long term average of 30%.  

Advised Betting Bank: A 50 point bank is advised for following the service, which seemed a little on the low side with us ending up 31 points down and being 50 points down at one stage. We would think a 100 point bank would be more suitable. 

Subscription costs: The subscription costs are £1 for the first 10 days then £25/month, £50/quarter or £150/year.

 

OVERALL VERDICT: FAILED

The Draw Master specialises in backing the draw in football matches and we could see the theory behind why that might generate value in the long run.

Unfortunately we didn’t see any evidence of that during our trial however, with a loss of 31 points and our bank was nearly wiped out at one point.

So it’s a failed rating from us after a disappointing trial. 

 

 

 

 

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Draw Master – Results Update

7th May 2018

Sadly it’s been a tough time for football betting service Draw Master lately, with 25 points lost since our last update.

That means they are now 44 points down for our trial overall. 

You can view full results here.

Unfortunately this seems to be suffering from the same fate as the other draw service we are reviewing at the moment, Draw Doubles, with just not enough draws happening currently. 

This one will need a big turn around soon to end our trial in profit, let’s see if they can do it.

 

 

 

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Draw Master – Results Update

20th March 2018

It’s been a difficult time lately for football betting service Draw Master, which has lost 14 points since our last update about a month ago.

That means we are now 19 points down for the trial overall. 

You can view full results here.

Bets come in a variety of leagues from around the world and some of them are a little obscure, but if they are able to obtain value then it doesn’t matter too much where the bets come from. At the moment though, we haven’t seen too much evidence of value being found.

Plenty of time to turn things around however, so let’s hope they do so soon. 

 

 

 

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Draw Master – Results Update

20th March 2018

It’s been a quiet start to our trial of football tipster Draw Master, with 5 points lost so far after one month.

You can view full results here.

This is quite a high volume service, with three or four bets per day, spread across a variety of smaller leagues across the world from South America to Switzerland and beyond.

As the name suggests, all the bets are on the draw, so it is pretty simple to follow and you can just place all the bets on Betfair. 

Anyway, let’s hope by the time of our next update things will have moved into the positive. 

 

 

 

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Draw Master – New Review

21st February 2018

We often comment here about how it is like buses sometimes with similar betting systems coming along at the same time after a long time without any. 

Well that is certainly the case today, as we are going to take a look at our second football service focusing on backing the draw in the space of a few weeks, after not having seen one for a good couple of years.

The service we are looking at today is called the Draw Master and comes hot on the heels of another service we have just started a trial of, Draw Doubles.

Draw Master is an extremely simple concept, just betting on the draw in football matches as single bets.

The approach certainly seems to be working, with over 80 points profit made to 1 point level stakes so far since starting tipping back in October, which equates to over £200 per month on average to just £10 stakes.

The service is run by a guy called Hamish who has been specialising in the draw outcome of football matches for some time. He is a disciplined and experienced tipster and has apparently perfected his skills since being made redundant in 2012 and is cleaning up at the bookies with his footy tips.

The strike rate is around 35%, which is around what you would expect with around a third of football matches finishing in a draw. 

However, the return on investment is very impressive at 23%, which is exceptionally high for football where 10% is usually seen as a good metric.

Bets are sent out in the evening before matches, so plenty of time to get the bets on which is good to see.

We will run our normal three month trial which will take us pretty much up to the end of the season – and just in time for the World Cup, which is handy. 

Results as ever will be recorded here so you can see how the trial is getting on.

In the meantime you can check out the Draw Master here. 

 

 

 

 

Racing Goldmine – Final Review

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We have reached the end of our three month trial of Racing Goldmine and here are the final results:-

 

Profit/Loss:    -57 points 
Strike Rate:   13%
Bank Growth:     -57%
ROI:   -7%
Average number of bets:     10 per day
Cost:   £57/month or £114/quarter  
VERDICT:   FAILED
Rating:

 

You can view full results here.

 

Racing Goldmine – Full Review

 

Racing Goldmine is a horse racing tipster that takes quite an unusual approach to their betting. 

Basically they tend to provide multiple selections in the same race – or in other words are “dutching” in betting parlance. The idea is that you are hedging your bets and covering multiple angles for how the race may pan out.

The results coming into our trial looked outstanding so we were cautiously optimistic that the people behind the service had found a new profitable angle for betting on the horses.

Unfortunately though, things did not turn out well under the spotlight of a live trial and we ended up 57 points down at advised prices and 75 points down at Betfair SP.

At advised prices, that represented a return on investment of -7% and a 57% loss of the bank, which are fairly disappointing figures.

As always, it could be that we just caught the service at a bad time but really we were hoping for better than that and we feel we have no alternative but to award it a FAILED rating based on the results of our trial. 

It is one to avoid for the time being and is not one we will be adding to our portfolio. 

 

Service Breakdown

Ease of use: The bet volume is high with around 10 bets per day, which are sent out the evening before racing, so there is quite a bit of work involved in the following the service.

Availability of prices: We did not experience any problems in terms of obtaining the advised prices.

Strike rate: The strike rate during the trial was quite low at 13% so there will be drawdowns encountered with this tipster.

Advised Betting Bank: We used a 100 point bank for the service but a larger bank of up to 150 points could be used for added safety. 

Subscription costs: The subscription costs are £57 per month or £114 per quarter which are quite high given the results achieved during our trial.

 

OVERALL VERDICT: FAILED

We had high hopes for Racing Goldmine coming into our trial but sadly it ended up disappointing with a loss of 57 points at advised prices.

This isn’t a service we will be following and it receives a FAILED rating from us.  

 

 

 

 

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Racing Goldmine – Results Update

11th December 2017

A bit of an improvement for Racing Goldmine since our last update, with 10 points profit made.

That means we are now 6 points up for the trial as a whole.

You can view full results here.

At Betfair there has also been a slight improvement, with 11 points profit made since our last update.

However, we are still 39 points down at Betfair SP for the trial overall, so it is looking questionable as to whether the service is practical to follow at Betfair SP.

Back soon with more updates.

 

 

 

 

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Racing Goldmine – Results Update

25th November 2017

Things have gone south for Racing Goldmine since our last update a month ago, with 21 points lost in that time to advised prices.

That means overall we are now 6 points down for the trial so far.

You can view full results here.

At Betfair SP we have seen things take a more severe nosedive, with 50 points lost since our last update and 42 points lost overall.

So far Racing Goldmine isn’t living up to the results published on their website prior to our trial starting, which if you remember showed an astonishing profit of over 1300 points since April.

Anyway, we only around half way through the trial, so plenty of time for results to pick up.

We will be back soon with more updates.

 

 

 

 

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Racing Goldmine – Results Update

23rd October 2017

It has been solid start to our trial of Racing Goldmine, whilst not quite matching the amazing results published for the period prior to our trial.

So far to advised prices we are 15 points up after three weeks.

You can view full results here.

At Betfair SP we are 8 points up, which isn’t bad either.

There are a large volume of bets with this service, although a lot of them are in the same races. So you will be backing 3 or 4 horses in the same race, which is quite an unusual approach.

However, so far it is working well so we can’t have any complaints really.

 

 

 

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Racing Goldmine – New Review

3rd October 2017

Today we are commencing a new trial of a very promising horse racing service called Racing Goldmine.

To say this has some of the best results we have ever seen from a horse racing tipster would be an understatement.

These results are positively mind-blowing!

Since starting proofing to Bet Kudos in April 2017, the service has made an astonishing 1380 points profit to advised prices. 

That would be £13,800 profit to just £10 per point in only 6 months!

And that is to 1 point level stakes. So no crazy staking system to inflate results, just simple 1 point stakes on every bet.

The return on investment is a ridiculous 160%. Nuts. Just nuts.

Even the strike rate is pretty good at 35%, so a decent proportion of winners.

Now having seen those results, our initial worry was that they would all be predicated on getting early prices and that by the time the races come round, the value would be all gone and those without bookie accounts wouldn’t be able to follow the service.

But get this – the Betfair SP results are an amazing 1144 points profit too! So hugely profitable by using Betfair as well.

There isn’t much given away on the sales page as to how selections are chosen and all we can glean is that it involves backing more than one horse in each race and the service is run by a guy called Richard Man.

We have been advised to use a 200 point bank when following the service, which for once seems like a more than adequate bank given the 1 point stakes and 35% strike rate.

So we are very excited to get the trial underway and to see if results can come anywhere close to those published on the Bet Kudos website. 

If they can then we will be onto something very special here indeed!

We will update results here regularly during the trial so you can see how the service is progressing.

In the meantime you can check out Racing Goldmine here. 

 

 

 

 

Bitconnect homepage

Bitconnect – Final Review

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The party is over. 

Yes folks, as of yesterday Bitconnect is finished. They have closed the lending and exchange platform and have refunded the value of people’s investment in Bitconnect coins.

The only problem with doing things that way though is that the value of Bitconnect coins absolutely plummeted on the news (by around 90%), so what people actually received was only a fraction of their original investments.

Well we had warned repeatedly during the review that was probably a Ponzi scheme or scam and so it proved.

Anything that pays 1% per day is simply unsustainable, particularly when you can reinvest funds and compound the returns.

It was always really just a question of when Bitconnect would fold, not if.

Officially they say the reason for shutting down was due to two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division, plus bad press and DDos attacks, but more likely it was the crypto market collapse that meant they could no longer afford paying back the loans.

The site’s business case always required a continually rising Bitcoin price to be able to afford to pay back the loans and the recent drops in Bitcoin’s value would have made payouts increasingly difficult.

Plus of course they had some huge loans to pay back from the likes of Trevon James and Craig Grant (prominent YouTubers) who put in money around six months ago.

In any event, at least Bitconnect paid back something to its members unlike some of the other Ponzi schemes that just cut and run.

In the end I have lost around $500 here which is disappointing, but not the end of the world. 

Weirdly they are still ploughing ahead with plans for their BitconnectX exchange platform, but given what has happened here that must be dead in the water. All the trust is gone and who would want to invest in anything related to Bitconnect now?

Anyway, the only thing left to say is that this is obviously a FAILED rating and another warning to avoid any other HYIP (High Yield Investment Progreamme) like this that promises to pay 1% per day or anything like that.

Quite simply any scheme of that nature is an obvious Ponzi scheme and is guaranteed to collapse at some point.

 

 

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Bitconnect – Results Update

7th January 2018

The profits keep rolling in from Bitconnect, with another $920 made since our last update and $2,173 made overall.

You can view full results here. 

So far we have withdrawn $1,385 from Bitconnect in comparison to total deposits of $2,540, so in just over a month or so we should have recouped our investment and be playing with the house’s money so to speak.

Bitconnect continues to develop their plans for the future, with a detailed roadmap for 2018 and the mysterious pre-launch of BitconnectX, which no-one knows what it is exactly but will be unveiled in a few days.

In any event, this is looking like an intriguing experiment that has lasted longer than a lot of people expected and may still have legs in it for a while yet. 

 

 

 

 

 

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Bitconnect – Results Update

8th December 2017

Bitconnect continues to roll along nicely, with a further $488 profit made since our last update and $1253 profit generated overall.

You can view full results here. 

For the first month we were reinvesting our funds so that meant we were increasing the payouts further down the line.

But for the last couple of weeks we have started withdrawing our profits and so far have withdrawn $494 worth. 

We plan to keep withdrawing until we have recouped our initial investment of $2540 and then may reinvest some more to increase the payouts.

That’s presuming of course that Bitconnect sticks around long enough for us to do that, but so far it is looking good and they even recently launched their own debit card, Bitconnect pay, so it looks like they are expanding rather than contracting.

Anyway we will see, but so far has been operating exactly as advertised.

 

 

 

 

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Bitconnect – Results Update

19th November 2017

Bitconnect continues to deliver us excellent profits and we have made another $644 profit since our last update at the end of October.

That means we have now made $765 profit in total from Bitconnect from a combined investment of $2540.

You can view full results here. 

So far this is looking like one of the best investments we have ever made.

However, that does come with a caveat, as mentioned in our previous update.

The caveat is that we are still unsure of the long-term sustainability of Bitconnect. How long can they keep on paying members an average of 1% profit per day?

We don’t know – and frankly neither does anyone else.

Yes they have the incredible appreciation in the value of their own Bitconnect Coins, which are now up a mind-boggling 185,000% since their inception, giving them potentially hundreds of millions, even perhaps billions, with which to pay investors.

But as more and more people join the platform and start withdrawing funds, their payout bill becomes larger and larger.

Anyway, as we say no-one can predict how long Bitconnect will stay around for but for the time being it is paying us fantastic returns and long may that continue.

 

 

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Bitconnect – Results Update

31st October 2017

It has been an excellent start to our trial of Bitconnect, with $121 profit made so far after 10 days.

We have made combined investments of $1530 and are reinvesting any profits we make for the time being to compound our earnings and grow our capital. 

You can view full results here. 

Just to recap, this is a passive income scheme based on Bitcoin. You “lend” money to a trading bot which pays out a daily amount of interest. 

So far this interest rate has averaged around 1% per day, which is obviously very high indeed!

So high in fact that some people have questioned whether this is a Ponzi scheme.

We don’t know either way, but what we can say is they have an exceptionally clever business model that means the value of their own coins (Bitconnect, or BCC, coins) appreciate over time the more demand there is.

Their coins have grown over 140,000% in value since the launch, which is quite incredible and means they should a huge amount of capital with which to pay investors.

Certainly enough to reward some of their top promoters with supercars at an event they held over the weekend! Some lucky sods won Lamborghinis, Aston Martins and Ferraris.

However, at the same time there is still suspicion around the company. They have no registered address nor does anyone know who is behind the scheme. And there is very scant information about how the trading bot works.

So we treat this investment as very high risk. Ultimately the site could go down at any time and we could lose all our money. There would be no recourse to recoup that money given that there aren’t even details of who the company are!

But of all the dubious high-return investment schemes around Bitcoin at the moment, this one appears to have the most credibility and at least some kind of tangible business model that means it isn’t just a pure Ponzi scheme (if it is one at all).

We are betting on the site being around for a little longer, or hopefully long enough to at least recoup our investment and make some profit.

That is all you are doing if you invest in a scheme like this really – betting on the site being around long enough to make you some profit.

We shall see, it will be an interesting experiment in any event…

You can check out Bitconnect here. 

 

 

 

 

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Bitconnect – New Review

21st October 2017

We have recently expanded our repertoire here at Honest Betting Reviews into looking at cryptocurrencies.

This is mainly for a fairly simple reason – because the returns around some cryptocurrencies have been pretty insane!

Here are just a few stats for you:-

  • – IOTA up 56,464%
  • – Ethereum up 82,450%
  • – Spectrecoin up 21,102%
  • – Stratis up 44,293%
  • – Antshares up 17,813%

And let’s not forget Bitcoin itself, up well over 100,000% since its inception. 

People who bought a few dollars worth of Bitcoin back in the early days are now millionaires.

And lots of other people are becoming millionaires all the time off the exciting new coins that are being released these days.

We are eager to check out the potential new opportunities around cryptocurrencies and to see if we can get you and us some of those stunning returns.

So in that vein, the latest opportunity we are checking out is called Bitconnect.

The returns from this look pretty incredible we have to say.

It says on the website you can earn up to 40% in interest per month from being part of Bitconnect.

Yes just to repeat that – 40% interest PER MONTH.

Now let’s compare that to interest rates here in the UK – which currently stand at 0.25% per year. 

In the US, interest rates are around 1%.

So you earn pretty much nothing by holding money in your bank account, where as Bitconnect is offering you the chance to earn 40% per month!

Now that potential 40% per month looks – dare we say it – a little too good to be true. However, having done some research on it and looked at a lot of YouTube videos on Bitconnect, there do appear to be people achieving returns like that.

As with all these things though, the only way to be sure is to try it yourself and see how it turns out.

So that is exactly what we are going to do – today we are starting a live trial of Bitconnect here on the site.

How Does Bitconnect work?

Having registered on the Bitconnect site and taken a look around, it is a little complicated and takes a bit of understanding to work out what it’s all about.

Here is a video from Bitconnect themselves explaining what it is in a nutshell:

So basically to break things down for you, there are a few different options as to what you can do when you join Bitconnect:-

  • – Buy Bitconnect and hold it, hoping the price of the coin will rise
  • – Trade Bitconnect, hoping to make a profit by buying and selling it
  • – Lend Bitconnect out and earn daily interest

It is the third option that interests us the most and is the one we will be pursuing in this review. That seems to be the one that most investors in Bitconnect are doing from what we can gather and looks to be by far the most profitable avenue.

Now it should be made clear that when it says “lend Bitconnect out,” you are not lending out Bitconnect to borrowers, like in a peer-to-peer lending scheme.

What you are doing is “lending” Bitconnect to a trading bot that trades on the volatility of Bitcoin. The more volatile Bitcoin is on a given day, the more interest you make. 

Any regular followers of Bitcoin will know, it tends to be hugely volatile, with swings of hundreds of dollars in price in a day not uncommon. 

So you earn interest on a daily basis from the returns of the trading bot and these can average as high as 1% – or more.

On the Bitconnect platform you can check all the recent interest payouts and at the time of writing, the interest payouts over the last week have averaged just over 0.8% per day, which is pretty amazing.

You can also reinvest some or all of the interest you earn, compounding your returns further.

We have seen a demonstration of how this could allow you to turn $5,000 into $60,000 in six months if interest rates averaged 1% per day!

All in all this looks like quite a compelling investment opportunity, although as we say the proof of the pudding will be in the eating.

So we will be begin our trial today and will report back soon on how it’s going.

In the meantime you can check out Bitconnect here. 

 

 

 

 

 

 

pro betting club logo

Platinum Winners – Final Review

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We have come to the end of our three month trial of Platinum Winners and here are the final results:-

 

Profit/Loss:   -44 points 
Strike Rate:   21%
Bank Growth:   -44% 
ROI:   -9%
Average number of bets:     10 per week 
Cost:    £1 for first 7 days then £39.50/month 
VERDICT:    FAILED
Rating:   

 

You can view full results here.

 

Platinum Winners – Full Review

 

Platinum Winners is a horse racing tipping service from the Pro Betting Club stable with selections provided by a professional gambler who specialises in UK racing.

It uses a loss recovery staking system, such that you bet increasing stakes on a 1pt-2pt-3pt-4pt-5pt-6pt-7pt-8pt basis until you hit a winner or have 8 losers in a row, at which point you would reset back to 1 point.

So if you have a losing streak of 8, you will have lost 36 points. If you have a winner you should in most cases win back more than you have lost in the losing streak to that point.

We expressed concerns at the outset of the trial about these kinds of loss recovery systems and that they can be high risk and very costly if they go wrong.

And during the trial it very much turned out that way, as we had a number of occasions in which the 8-horse losing streak was hit.

That resulted in a big drop in our bank to over 80 points down at one stage, which can be seen in the graph below:

Platinum Winners Profit Graph

In the end we finished the trial 44 points down, which represented a 44% loss of the bank.

We also recorded results at 1 point level stakes and those results were quite a bit better, with just 21 points being lost.

Either way though it has been disappointing trial and we think the only fair verdict here is a FAILED rating given the losses incurred.

 

Service Breakdown

Ease of use: A pretty easy service to follow, with an average of ten bets per week. You have to login to the Pro Betting Club site before midday to get the selections and no e-mail service is offered however.

Availability of prices: All selections are advised at Betfair SP, so no problem matching the published results.

Strike rate: The strike rate during the trial was 21%, which unfortunately meant some losing streaks resulting in the max 8-bet losing streak.   

Advised Betting Bank: A 100 point bank is advised for the service and at one point we were 84 points down so that did not seem nearly enough. We would suggest a 200 point bank would be more suitable given their ratcheted staking system. 

Subscription costs: The costs to sign up £1 for the first 7 days then £39.50 per month.

 

OVERALL VERDICT: FAILED

Platinum Winners is a horse racing tipster service from the Pro Betting Club stable.

It utilises a loss recovery staking system, which is an approach we do not normally recommend using. 

Unfortunately those concerns were borne out during the review, with our bank going 84 points down at one stage, before finishing 44 points down in the end.

We also recorded results at level stakes and unfortunately that also resulted in a loss, although not as bad, with 21 points being lost.

Either way though it did not turn out as hoped and therefore we have to award Platinum Winners a FAILED rating at this time. 

 

 

 

 

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Platinum Winners – Results Update

3rd October 2017

Exactly what we were warning about in our last update on Platinum Winners has ended up playing out as we feared it might.

Basically we warned last time about the dangers of ratcheted staking plans like that used for Platinum Winners where you increase your stakes progressively until you hit a winner.

In this case they keep increasing the stakes until they hit a winner or lose 8 in a row, at which point you would have lost 36 points overall in the run of 8 bets. 

Well that has happened not once, not twice but three times since our last update, meaning they lost a whopping 100 points in October.

That puts them on -77 points for the trial overall.

You can view full results here.

A fairly disastrous set of results there then.

As we also said in our previous update, we wanted to record results at level stakes for these very reasons. 

At level stakes things haven’t been nearly as bad, with 18 points lost since our last update and 24 points lost for the trial overall.

Another example of why we believe that level stakes or a fixed percentage of your bank (like 1%) are the only staking systems that can work long term. 
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Platinum Winners – Results Update

3rd October 2017

It has been a good start to our trial of Platinum Winners, at advised stakes at least (more on that below).

They are 22 points in profit to advised stakes, a healthy return after just over one month.

You can view full results here.

However, as we say that is at advised staking, which is a progressive staking method that is quite aggressive. 

Basically, you bet increasing stakes on a 1pt-2pt-3pt-4pt-5pt-6pt-7pt-8pt basis until you hit a winner or have 8 losers in a row, at which point you would reset back to 1 point. So if you have a losing streak of 8, you will have lost 36 points. 

This kind of staking will not suit everyone, so we have also recorded results at 1pt level stakes. On that basis, we are actually 6 points down.

So just be aware of the staking system involved if you are going to sign up to Platinum Winners. 

 

 

 

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Platinum Winners – New Review

21st August 2017

It’s been a while since we have reviewed any services from the Pro Betting Club, so today we are pleased to get a new trial underway of one of their premier services, Platinum Winners.

It is a horse racing tipping service with selections provided by a professional gambler who specialises in UK racing.

Apparently all selections are carefully researched, which is reassuring (we wouldn’t want them picked at random would we?) and there are on average 3 bets per day.

The good thing about the bets is that they can all be placed at Betfair SP and that’s how results are recorded, so there is no need to go frantically searching for the best bookies price when tips are sent out like some other services.

They started tipping at the beginning of 2017 and results to date look very impressive, with over 330 points profit made. 

Six out of the seven months so far have been profitable and the strike rate has been around the 25% mark so far.

A 100 point bank is recommended for following the service, which seems pretty reasonable, although we will see during the trial if that is sufficient to withstand losing runs and drawdowns.

Anyway, without further ado we will get things underway and look forward to seeing how things go with this one.

In the meantime you can check out Platinum Winners here. 

 

 

 

 

10x method

10x Method – Final Review

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It’s only just over a week since our last update on the 10x Method but sadly things have only got worse in that time.

In our last update we reported that we were well down for the second cycle, as we had been for the first.

Well last weekend we stopped receiving any e-mails from Matt at all.  And we received no response from him to a number of requests for an update on what was going on.

Amazingly though, Matt feels it is ok to keep bombarding us with marketing e-mails for other betting systems.

No it is not ok!

Scam Alert

We expressed scepticism at the outset of the trial here and that has been proved correct.

This was clearly just a scam to get people’s e-mail addresses and market other systems at them.

We have no hesitation therefore in awarding the 10x Method a big fat FAILED rating!

We really don’t understand the thinking behind this kind of scam – we can’t imagine anyone is still signing up to the garbage he is promoting.

Yes he may have made a quick buck but now everyone who joined is forewarned not to sign up to anything from Matt Storey or anything similar to this again.

It’s a shame schemes like this are able to operate but then that’s the wild west of the internet and it’s the very reason we set up this website, to point out scams like this to people.

So as we said at the outset – remember, if it seems too good to be true, it probably is…

 

 

 

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10x Method – Results Update

17th November 2017

We are well into the second cycle of the 10x Method, a system that tries to turn £100 into £1,000 in just 18 days.

Unfortunately it is going just as badly as the first cycle did.

Not only are we failing to increase our original bank toward the 10-fold target, we are actually down – about 45% in fact.

You can view full results here.

It is very disappointing given all the hype that preceded the launch of this system. It shows once again the importance of not believing marketing hype but instead waiting for a full and transparent review like we do on this site.

There are too many things about this service that trouble us: the wide range of sports tipped in (and how difficult it is to succeed when not specialising in just one or two sports); the use of just one bookie rather than looking for the best price; errors in the tips e-mails; constant marketing of other systems and just a general sense of not seeing where the edge is coming from.

In any event, barring a miracle it looks like we are not going to reach the 10x target for the second cycle and it remains to be seen whether it is worth going ahead with the third cycle – no doubt most of you have already made your minds up about this…

 

 

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10x Method – Results Update

20th October 2017

Oh dear.

All the excitement, all the hype.

The optimism after a good start.

Then crash. Down to earth with a thud.

What can we say really? Sadly the 10x Method has failed its first attempt at turning a £100 bank into £1,000, with a net loss of £62 and Matt giving up on this cycle to prepare for the next one, which will be in November.

You can view full results here.

According to Matt, the main reason for the failure was “there were some very poor picks by me.” Well we were hoping for something a little more insightful than that, but that is it in its simplest form we suppose.

We were surprised by how many multiple bets there were as part of the challenge, as these are notoriously poor value (hence the bookies having so many offers based around accas).

The only small positive here is that Matt is offering the next cycle for free for members who signed up for the October one. 

In fairness, a loss of £62 is not the end of the world – we have seen tipsters with far worse results than that. 

It is just that there so much hype around this, expectations were probably set too high. If Matt had just set up a standard tipster with a long term goal to make money and not this 10x challenge, he probably wouldn’t have so many disgruntled members.

Anyway, onto the next cycle in November. Let’s hope we can make a profit on that one.

 

 

 

 

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10x Method – Results Update

13th October 2017

We normally wait a few weeks or even a month before doing an update on a new review to give the system a chance to establish a decent body of results.

Given the high level of interest in the 10x Method however – plus the fact that each cycle is only 18 days long – we thought we would give an early update on how things are going.

Just a reminder in case you are not aware, this is a challenge to try and turn a £100 starting bank into £1,000 in just 18 days.

Sound impossible? Well seemingly not for the man behind this system, Matt Story, who claims to have successfully managed it in nine of the last ten times he has tried.

We are now one week into the first cycle, so how are things going?

We are pleased to say that things are going well so far.

The bank has increased to £144, which might not sound like much, but is actually a 44% increase, something which takes some services a whole year!

You can view full results here.

We have recorded the prices we have been able to obtain in the results in addition to the advised prices as Matt only uses Betfair Sportsbook so we think there is a chance to actually beat his returns by using a variety of bookies plus the exchanges. 

So far it is about even but we will see how that develops over the remainder of the trial. 

The bets are in a variety of sports and there are lots of multiples, everything from doubles and trebles to patents and the like.

The thing to remember with a challenge like this is that it can seem like everything is moving along slowly early on as you try to turn £100 into £200. But towards the end it can suddenly move very quickly and you can turn £500 into £1,000 just as quickly.

Anyway, we are pleased to be in profit so far and with a little more luck we could actually be over £200 by now.

We were initially skeptical about this but Matt does seem like a genuine guy who does a lot of hard work finding his bets and it is looking like hitting the £1,000 could actually be possible. Even if we don’t hit the £100 then we could still end up with a decent profit, which would be nice.

So we hope that has given you a bit of a sense of how the 10x Method is going so far but we will report back again soon on how things are progressing for it.

 

 

 

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10x Method – New Review

4th October 2017

We have been receiving a lot of e-mails recently about a system called the 10x Method.

This is from a chap called Matt Story and he claims that he has been able to turn a £100 starting bank into £1,000 in 18 just days.

He says he has done this successfully in nine of the last ten times he has tried.

The other time he didn’t manage it, but still turned £100 into £200, so made a profit.

It sounds a little too good to be true, however we are intrigued enough by the possibility to give this a go and see how it gets on.

The first 18-day cycle will begin on 6th October and the good news is that you still have time to sign up before then. 

Perhaps you could just see how the bets get on for the first 18 days and not wager anything. The system is covered by a 60-day money back guarantee so it seems like there isn’t much to lose.

Just to note that if you are interested in giving this a go yourself, the first 50 people who sign up get a £50 discount and we understand that not many of those places are left.

We will run a three month trial and will update results here periodically – ideally every 18 days – so you can see how things are going.

So let’s hope we have a few 10x bank growths during our trial! Either way it will be fun to see how we do.

In the meantime, you can check out the 10x Method here. 

 

 

 

Robert Fraser’s Racing Tips – Final Review

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We have come to the end of our six month trial of Robert Fraser’s Racing Tips and here are the final results:-

 

Profit/Loss    -30 points  
Strike Rate:    22%
Bank Growth:     -20%
ROI:   -5%
Average number of bets:     2 per day
Cost:   £1 for first 30 days then £49.95/month, £119.95/quarter or £599.95/lifetime 
VERDICT:   FAILED
Rating: 

 

You can view full results here.

 

 

Robert Fraser’s Racing Tips – Final Review

 

Robert Fraser’s Racing tips is a straightforward horse racing tipping service from the reputable Betting Gods tipster network.

It is one of the very few services that tips at Betfair SP, meaning the results are obtainable for everyone with access to Betfair and for those in countries that don’t have access, you may well be able to beat the results by using a range of bookies.

As the ability to make a profit at Betfair SP is such a sought-after commodity, we thought it would be worth doing an extended six-month trial here to see if Robert Fraser could manage to crack it.

Unfortunately though even with the extended period to overcome the temporary ups and downs you often see with tipsters, we didn’t end up generating a profit and finished 30 points down for the trial.

You can see how the trial went in the graph below.

Robert Fraser's Racing Tips Profit Graph

That worked out as a return on investment of -5% and a 20% loss of the bank, which are disappointing figures.

Overall then we feel the only fair verdict here is a FAILED rating and this is not a service we will be adding to our portfolio at the current time. 

 

Service Breakdown

Ease of use: With an average of just two bets per day and all placed at Betfair SP, it is one of the easiest horse racing services you will find to follow.   

Availability of prices: As we say, with bets placed at Betfair SP there is no problem with price availability and you may even be able to beat the advertised results with a little work.   

Strike rate: The strike rate during the trial was 22%, which is somewhat below where it needed to be to generate a profit at the prices tipped at. 

Advised Betting Bank: A 150 point bank is advised for following the service which seems about right to us. We had lost about 50% of our bank at the low point of the trial but recovered in the latter part. 

Subscription costs: The subscription fees are £1 for the first 30 days then £49.95 per month, £119.95 per quarter or £599.95 for lifetime. 

 

OVERALL VERDICT: FAILED

Making a profit at Betfair SP is kind of the holy grail for horse racing tipsters as it would mean a service is practical for everyone to follow and make some money from.

We gave Robert Fraser’s Racing Tips an extended six month trial to see if it could deliver that holy grail but sadly it ended up falling short, finishing 30 points down in the end.

With that representing a 20% loss of the bank, we feel we have no choice but to give this a FAILED rating based on those results and it is not a service we can recommend at this time.

However, there is better news for Robert’s tennis tipping service which we will be finishing our review of shortly, so watch out for that. 

 

 

 

 

 

 

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Robert Fraser’s Racing Tips – Results Update

7th October 2017

It’s been an excellent turnaround for Robert Fraser’s Racing Tips, which were 73 points down at the time of our last update.

We are pleased to report they are now just 8 points down, so a huge improvement of 65 points since our last update.

You can view full results here.

Just a reminder that this service tips at Betfair SP, so there is obviously no need to record those results separately.

Let’s hope the recent recovery in form can continue for Robert. 

 

 

 

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Robert Fraser’s Racing Tips – Results Update

11th September 2017

It has been a complete nightmare lately for Robert Fraser’s Racing Tips, which have lost a whopping 78 points since our last update just over a month ago.

That means we are now 73 points down for the trial overall, a pretty woeful position.

You can view full results here.

This has just been one of those situations where everything that can go wrong has gone wrong. The service started with high hopes and a lot of hullabaloo, but sadly so far it has failed to live up to those high expectations.

We will follow this for a little longer, but barring a spectacular turnaround, unfortunately it looks like it is heading for the failed pile.

Back soon with more updates.

 

 

 

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Robert Fraser’s Racing Tips – Results Update

28th July 2017

There has been a good turnaround for Robert Fraser’s Racing Tips, with 32 points profit made since our last update.

That means we are 5 points up for the trial overall.

You can view full results here.

Just a reminder that this service tips at Betfair SP, so the results are that much more impressive than most other services which use early bookies’ prices.

Not long left in the trial now so lets hope for a big finish from Robert. 

 

 

 

 

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Robert Fraser’s Racing Tips – Results Update

7th July 2017

A small improvement for Robert Fraser’s Racing Tips since our last update a month ago, with 4 points profit made.

Unfortunately though we are still 27 points down for the trial overall.

You can view full results here. 

Just a reminder that this is a service that backs at Betfair SP only so it is always going to be tougher to make a profit doing that than taking best prices from the bookies. 

A month to go in our trial so hopefully enough time for Robert to turn things around. 

 

 

 

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Robert Fraser’s Racing Tips – Results Update

7th June 2017

It has been a tough time for Robert Fraser’s Racing Tips since our last update a couple of weeks ago, with 31 points having been lost in that time.

That means we are also 31 points down for the trial overall.

You can view full results here. 

These results seem to track the general trend at the moment in that a lot of tipsters seem to be having a tough time. It could be due it being early in the season and form hasn’t settled down yet, with changeable ground also adding to the difficulties.

Whatever the cause though, let’s hope things pick up for Robert and the other tipsters soon.

 

 

 

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Robert Fraser’s Racing Tips – Results Update

22nd May 2017

It has been a fairly uneventful start to our trial of Robert Fraser’s Racing Tips, with 0.3 points of profit made so far.

Basically then we are at the same point as where we started a couple of weeks ago.

You can view full results here. 

Just to recap that this is a service which uses Betfair SP for all tips, so you know you can match the published results and if this does well, then we may have found the holy grail of horse racing tipping – something that makes a profit at Betfair SP!

Anyway, a quiet start so far but very early days so plenty of time to step things up. 

 

 

 

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Robert Fraser’s Racing Tips – New Review

6th May 2017

For many people it is the holy grail of betting: finding a strategy that works at Betfair SP.

So many of us have lost our accounts with the bookmakers and now have to turn to the exchanges to try and find some profit.

However, so many betting systems and strategies rely on use of the bookies and simply do not work at Betfair SP.

Well, today we are hoping that we may have found the answer.

It comes in the form of a horse racing tipster called Robert Fraser from the reputable Betting Gods network of tipsters.

He bets entirely at Betfair SP and records his results as such, so there is no worrying about whether you will be able to match the advised prices etc.

Robert’s results so far are pretty formidable, with 140 points profit made in just over 3 months of tipping.

That’s £1,400 to just £10 stakes. 

That has been achieved with a very healthy strike rate of over 40% – meaning lots of winners – and an excellent return on investment of 64%.

It is quite a selective service, with generally just 1 or 2 bets per day, so a very manageable service to follow.

It is obviously early days with the service after only three months, but that is why we are keen to start a live trial here at Honest Betting Reviews and see if those results can be maintained in the longer term.

If they do, then as we say, this may well be that holy grail of betting: something that is profitable at Betfair SP!

You can check out Robert Fraser’s Racing Tips here. 

 

 

 

webetyouwin pic

Webetyouwin – Final Review

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We have reached the end of our three month trial of Webetyouwin and here are the final results:-

 

Profit/Loss:   -10 points 
Strike Rate:   48%
Bank Growth:     -20%
ROI:   -6%
Average number of bets:     One per day
Cost:   £5.95 for 1st month then £29/month or £199/year 
VERDICT:   FAILED
Rating:

 

You can view full results here.

 

Webetyouwin – Full Review

 

Webetyouwin is a football tipping service which focuses mainly on the Asian Handicap markets.

It is run by a team of Swedish full time betting professionals with apparently decades of betting experience behind them.

How did they get on during our three month live trial though?

Unfortunately things have not gone to plan and we have ended up 10 points down to advised prices.

With a recommended betting bank of 50 points, that equates to a 20% loss of the bank.

Here is how the trial went in graph format:

Webetyouwin profit graph

As you can see, we were down for just about the whole trial period, although thankfully there was a rally towards the end that improved things to a degree.

Overall though we feel Webetyouwin warrants a narrow FAILED rating. Whilst the results weren’t a catastrophe by any means, it is a very competitive marketplace out there and if you aren’t making a profit then punters will quickly go elsewhere. 

 

Service Breakdown

Ease of use: It’s an easy service to follow with an average of just over one bet per day. They don’t end to bet on international matches though so that means a higher bet volume when the main leagues are operating.  

Availability of prices: A positive aspect about the service is that they provide prices for both the best and second best bookie and quote their results in both, so you have a realistic expectation of results. We found the best prices were generally obtainable so this was not a problem.   

Strike rate: The strike rate during the trial was 48%, which is somewhat below where it needed to be to generate a profit at the prices tipped at. 

Advised Betting Bank: A 50 point bank is advised for following the service and that seems more than enough to us given the staking levels of 1.5 points per bet on average and the strike rate.  

Subscription costs: The costs to sign up are £5.95 for the first month, then £29 per month or £199 per year.

 

OVERALL VERDICT: FAILED

With a loss of 10 points made during our trial, unfortunately it is a FAILED rating for Webetyouwin.

Although a loss of 20% of the bank is certainly not the worst result we have seen in a trial, it is still a loss so those punters following the service will probably feel somewhat disappointed at this stage.

However, there was a small rally towards the end of the trial so hopefully that is a sign of better things to come and we will keep an eye on things to see whether that proves to be the case. 

 

 

 

 

 

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Webetyouwin – Results Update

23rd September 2017

It continues to be a tricky time for football tipsters Webetyouwin, who have dropped a further 6 points since our last update at the end of August.

That means they are now 13 points down for the trial overall.

You can view full results here.

Bets are spread around the main European leagues including Serie A, the Bundesliga, Premier League and others, so we are talking big markets here and no problem getting the advised prices generally.

Hopefully we will have more positive news to report by the time of our next update. 

 

 

 

 

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Webetyouwin – Results Update

29th August 2017

A bit of a tough start to our trial of Webetyouwin, a football tipster specialising in European football, mainly Serie A, the EPL and Spanish La Liga.

So far after two weeks we are 7 points down.

You can view full results here.

It is very early days with just 25 bets so far, so too early to make much comment. All of the bets given to date have been in the Asian Handicap market, which is becoming increasingly popular these days.

Back soon with more updates.

 

 

 

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Webetyouwin – New Review

28th July 2017

With the football season just around the corner our new trials of footy services are coming thick and fast now.

The latest one we have for you is a service called Webetyouwin which focuses on the main European leagues, particularly Serie A and the Premier League.

It is run by a group of full-time, professional sport bettors based in Sweden. They are apparently passionate about football and about making money, bringing decades of experience to this new service.

The selections are apparently very carefully chosen with a large amount of research going into each one. This means it is a selective service rather than high volume, with around 25-30 bets per month.

Looking at the results so far, they started out in January this year and so far are over 25 points up, which to a 50 point bank amounts to bank growth of over 50%.

Staking is between 1 and 3 units, with most bets 1.5 units.

The return on investment so far is a very respectable 10%, which seems like the kind of level that could be sustained in the long run. Five out of six months so far have been profitable which is good.

Most of the bets so far are Asian Handicap, which some of you may not be familiar with but is actually fairly simple to operate.

We will run our normal three month trial and will update results here periodically during the review.

In the meantime you can check out Webetyouwin here. 

 

 

 

bitpetite

Bitpetite Final Review – SCAM WARNING

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It isn’t often that we start a review and then two weeks later are already issuing a failed rating.

That is the case though unfortunately with Bitpetite.

Basically Bitpetite was a website offering you the potential of earning 4.5% interest per day via investments in Bitcoin and other cryptocurrencies.

We raised a warning in our previous post below about this potentially being a Ponzi scheme and this is exactly what it turned out to be.

A few days ago the site went offline and it seems almost certain now that it isn’t coming back and they have run off with investors’ money.

Fortunately we only invested a small amount of money to test the waters so it was no great loss to us, but we understand some people lost thousands of dollars.

So it is a definite FAILED rating for Bitpetite and a clear warning not to invest in anything that looks like this.

Basically Bitpetite was what is called a High Yield Investment Programme – or HYIP  for short – that have proliferated recently but are in effect little more than Ponzi schemes.

They offer unsustainably high interest rates of anywhere from 1% per day to 4.5% per day in the case of Bitpetite (and sometimes even higher). 

People are lured in by these fantastic-sounding rates but all the schemes are doing is taking new investors money to pay existing investors. There is no underlying investment or if there is, it is not generating anything like the kind of returns claimed.

In fact, it is almost impossible for anything to generate those kind of returns – and certainly nothing can “guarantee” those kind of returns, which often these HYIPs claim to do.

The recent craze around cryptocurrencies has led to a proliferation of HYIPs promising great returns from Bitcoin-related investments.

The vast majority of these are bogus and should be avoided. People are mistakenly conflating the very substantial gains made in some cryptocurrencies such as Bitcoin and Ethereum with these HYIPs. They think that because Bitcoin has been so profitable, these schemes offering 3% or 4% per day are plausible. But the clear fact is they are not.

Here is a list of Bitcoin-related HYIPs we believe are likely to be Ponzi schemes and would advise you to avoid:

  • – Chaingroup
  • – Coinreum
  • – Hextra Coin
  • – Laser Online
  • – Western Coin
  • – USI Tech

As we said below in our original post, any investment in one of these schemes is essentially a bet on the website staying around long enough for you to recoup your investment.

But as Bitpetite has shown, these websites can disappear at any time and it just doesn’t seem worth the risk to us. You might as well go to the casino, at least that can be fun.

We are also taking a look at Bitconnect at the moment, which is another Bitcoin-related HYIP. The difference with Bitconnect is that it has an ingenious underlying business model which makes a significant amount of money, so it has a chance of staying around longer than most other HYIPs.

However, even with that business model, we believe Bitconnect is unsustainable in the long run.

So in summary, we would advise avoiding these HYIPs and would reiterate the old saying that if something seems too good to be true, it probably is.

 

 

 

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Bitpetite – New Review

25th October 2017

We are continuing our foray into the world of cryptocurrencies with a new trial today of a platform called Bitpetite.

This follows on from recently launching a trial of another Bitcoin-related platform called Bitconnect.

Bitpetite is quite similar to Bitconnect in the sense that it is a cryptocurrency-related platform offering exceptionally high returns for investors.

Whilst we thought Bitconnect offered amazing returns at around 1% per day interest, Bitpetite offers an incredible 4.5% per day on weekdays and 1% per day at weekends for its 6-week investment program.

That is quite astonishing and to be honest, we don’t know how long that can be sustained. Some people have questioned whether this might be a Ponzi scheme and to be honest, we don’t know. However, we think people are right to be suspicious with returns promised to be that high.

So what exactly are Bitpetite doing to be generating such amazing returns?

Well, the website claims that:

“We provide secure money transfer services over the Bitcoin cryptocurrency network. There is a connection between you and your money, and our task is to keep this connection secret.”

So normally when you make a transaction in Bitcoin, it is not anonymous in the sense that the persons involved in the transaction can be traced on the blockchain.

However, with Bitpetite they say they are processing these transactions in groups so that the transactions can be anonymised.

In that sense they are providing a service and charge for it. And what they say is that:

“Our system requires dynamic funding in order to run effectively. Our investors’ money improve the performance of our service.”

We are not sure exactly how this all happens but the possibility of making a 147% return over 6 weeks or a 180% return over 9 weeks is intriguing enough for us to give this a try and see if it actually real or just a scam.

So we will start a live trial if Bitpetite today and will update results here regularly so you can see how things are progressing.

In the meantime you can also check out Bitpetite here.

 

 

 

 

gold-bars

Gold Signals – Final Review

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We have reached the end of our seven month trial of Gold Signals from 123 Free Signals and here are the final results:-

 

Profit/Loss:    -35 pips
Strike Rate:   45%
Bank Growth:     -18%
ROI:   -11%
Average number of trades:    5 per month 
Cost:   $89/year
VERDICT:   FAILED
Rating:  

 

You can view full results here.

 

Gold Signals – Full Review

 

Gold Signals is a gold trading service from the people behind 123Freesignals.com, a service we have reviewed here at Honest Betting Reviews and given a passed rating to. 

They don’t select the gold signals themselves, those originate from someone else, but the 123 team send out the signals to members who have paid for the gold signals service.

To sign up, you will need to contact the 123freesignals team – or use this link. 

It is a very simple service to follow, with on average just 5 signals per month. 

As a member you will receive an e-mail like this:

BUY GOLD $1267 – $1268
STOP $1252
PROFIT $1296

So you would then just buy gold at the recommended price of $1267-$1268, put in your stop loss at $1252 and your take profit price at $1296 and then leave it to run – until it either closes or you are given further instructions.

For example you may receive another e-mail shortly afterwards saying:

GOLD HOLD, MOVE SL TO ENTRY

So you are advised to move your stop loss to the entry level – in this instance the price would have moved in a favourable direction.

We were optimistic coming into this trial on the basis of the results achieved by 123Freesignals and were hopeful that things would turn similarly well for the gold signals.

Unfortunately though they have ended up somewhat disappointing, with a loss of 35 pips being made.

We used 10 points (or pounds in our case) per pip, which sounds like a lot but actually when most signals have a potential move of 10-20 pips, it isn’t actually very much and some people no doubt are using considerably higher stakes than that.

In any event, we feel that for a seven-month period, making a 35 pip loss isn’t too good and it is a narrow FAILED rating from us.

 

Service Breakdown

Ease of use: A very simple service to use which is good news. With just 5 signals per month on average, the time commitment needed here is extremely low.   

Availability of prices: The prices did tend to move quite quickly from when the signals are sent, which can be any time, to us getting the trade on. That meant we often missed the recommended price, so our results are a little worse than the official ones. 

Strike rate: The strike rate during the trial was 45%, which on the face of it is good but would obviously need to be higher to make a profit, probably above 50%.

Advised Betting Bank: We used a 200 pip bank for following the service, which seemed reasonable given the strike rate and average risk level. 

Subscription costs: The costs are $89 per year, which is very reasonable. 

 

OVERALL VERDICT: FAILED

Gold is one of those seductive commodities that you can’t help but be drawn to. It has an enduring quality and feel that has appealed to people from across the world and throughout history. 

So we were rather drawn to the prospect of a service that trades in gold signals, perhaps partly because there aren’t many gold services out there and perhaps also just because its general allure.

We also had high expectations given that it comes from 123freesignals, whom we have a lot of respect for.

It is therefore a little disappointing to finish with a loss of 35 pips (or 345 points in our case), particularly after following the service for 7 months.

So we are forced to award this a narrow FAILED rating as we cannot recommend it at this time. Hopefully results will pick up over time and if they do we will update this review.

By the way, if you do want to sign up, you will need to contact the 123freesignals team – or use this link. 

 

 

 

 

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Gold Signals – Results Update

13th September 2017

Still not much positive news to report for Gold Signals from 123 Free Signals unfortunately, with more losses since our last update.

We have a lost a further 170 pips since our last update, meaning we are now 505 pips down for the trial overall.

You can view full results here.

We have been following the signals for coming up to six months now, so will wrap things up here shortly.

 

 

 

 

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Gold Signals – Results Update

17th August 2017

It continues to be a bit of a struggle for Gold Signals from 123 Free Signals, which have lost a further 200 pips since our last update just over a month ago.

That means we are now 335 pips down for the trial overall.

You can view full results here.

You could say we have been a little unlucky, with a couple of trades that were doing well before the Trump/North Korea situation developed and sent them to a loss.

There also appeared to be some e-mail problems from their end so we may have missed a trade or two. 

In any event, we are not quite seeing the returns we had hoped for here, but things can always turn around and let’s hope they do soon. 

 

 

 

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Gold Signals – Results Update

12th July 2017

A quiet time lately for Gold Signals from 123 Free Signals, with our last five trades ending up being cancelled.

Since our last update we have lost 140 pips, although we did seem to miss one profitable trade due to e-mail problems.

Overall for the trial we are now 135 pips down after three and a half months.

You can view full results here.

The gold price has dropped quite considerably over the last month, so a few sells would have done well but obviously that is with the benefit of hindsight!

Hopefully we will see a few more completed trades this month and some movement in the right direction.  

 

 

 

 

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Gold Signals – Results Update

30th May 2017

It’s been a tricky trading period for Gold Signals from 123 Free Signals, with quite a bit of volatility in the markets leading to a 90 point loss since our last update.

That means we are now 5 points in profit for the trial as a whole, trading at £10 per pip.

You can view full results here.

As we mentioned previously, this is a fairly low volume service, with only 14 signals given since we started following the service two months ago.

Overall then we are more or less where we started at around break even. Hopefully things will pick up for Gold Signals now. 

 

 

 

 

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Gold Signals – Results Update

5th May 2017

It’s been a steady – if unspectacular – start to our trial of Gold Signals from 123 Free Signals.

Since starting on 27th March, the service has only provided 10 signals, so this is a low volume service.

The good news though is that we are in profit – having made 95 points profit to 10 pounds per pip (or £10 per dollar in the case of gold). 

You can view full results here.

It is worth mentioning that you may have done slightly better than us if you had been following the service, depending on how quickly you had got your trades on after the signal was sent out.

We have been a little slow on a couple of occasions (only by an hour or so) and the price had already moved a couple of dollars by the time we had executed the trade.

But all in all a good start and let’s hope for more of the same going forward. 

 

 

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Gold Signals – New Review

27th March 2017

Trading gold is a tantalising prospect.

It’s one of the world’s most valuable commodities.

It has a certain glamour that most other commodities just cannot match.

It’s something we can all identify with.

And a few years ago it enjoyed a mammoth bull run that made some people very wealthy. Very wealthy indeed.

Back before the financial crisis of 2008, gold was valued at around $400 per oz.

As markets crashed around the world however, investors flocked to the safe haven of gold and its price shot up to around $1900 per oz by 2012.

You may even have had your grandad telling you he had been hoarding little gold trinkets for decades in the hope that its value would soar in the event of a financial meltdown. 

Now grandpops might not have made quite the fortune he was hoping for, but certainly some people did very well and it shows you the potential of the commodity.

Anyway, gold has fallen quite a bit since 2012 to around $1255 per oz at the time of writing, but that is still a huge uplift on its price before the crash.

So gold has enjoyed some huge fluctuations over the years and even has some big fluctuations from day to day as well, making it ideal for traders.

It is also one of the most liquid markets to trade, with generally small spreads available.

Gold is something we have always wanted to trade but have never really had time to look at properly.

So we were very excited when we heard about a new GOLD signals service from the people behind the best forex service we have ever come across, 123 Free Signals.

Basically they have been receiving gold signals from a lady who works as a full time gold trader and allowed them access to her signals as a trial. They have apparently seen her profit for many months and years on GOLD and recently came into proper contact with her where she gave them more information and promised some trial signals.

Now after her trial ended – and in their opinion very successfully – they were interested in signing up to her service.

She doesn’t supply signals to individuals but has agreed to supply them to 123 Free Signals in a kind of “bulk package.”

Subscribers to 123 Free Signals can then get the signals for a ridiculously low cost of just $49 per year.

Amazingly, they actually hope to provide the signals free in future years.

Either way, it looks like exceptional value if the signals continue to be as good as those seen during the trial.

So far the signals are about 20% up for the year, which we understand is fairly typical for the service and the lady supplying the signals makes around $300 – $500 per successful trade apparently. 

Although we have only been privy to the signals for a short period, they do look promising – certainly promising enough for us to sign up to the year’s subscription and to run a live trial here on the site.

So we will commence the trial today and aim to follow the signals for three months for the purpose of the trial.

There are expected to be just 1-2 signals per week, which is very manageable.

If you are interested in getting these signals as well, you will first need to sign up to 123 Free Signals (which as the name suggests, is free), as the gold signals doesn’t have its own website at the moment. Then they will send you details of the GOLD subscription.

Anyway, it is nice to get to trade something new as opposed to football and horse racing all the time, so let’s see how this one gets on.

You can check out 123 Free Signals here.