The US Sports Capper is a tipster from the reputable Betting Gods platform who specializes in a range of US sports including NHL, baseball and basketball, although over the last few months the focus has been mainly on baseball.
With the legalization of gambling in a number of US states, we expect there to be a lot more tipsters – or “cappers” as they are referred to in America – entering the market.
This one came into our trial with strong-looking results and we were hopeful of finding our first successful US sports tipster here at Honest Betting Reviews.
However, unfortunately after six months of following the tips we finished 29 points down.
Things never really got going sadly and we were down for most of the trial, with only a brief period of being in profit.
However, the 29 points lost only represented 19% of the advised betting bank, so it wasn’t a disaster or anything.
But with a loss made over the course of six months and when you take subscription fees into account, we have no option really but to award this a FAILED rating.
As ever we will continue to monitor the situation and if results improve there is always the possibility of revising our rating.
Service Breakdown
Ease of use: The tips are normally sent out at between 8am and 9am UK time, so plenty of time to get the bets on. There is an average of 2-3 bets per day, although some of these are accas (parlays) so will take a little longer to place than singles.
Availability of prices: We didn’t see any issue with obtaining the advised prices.
Strike rate: The win rate for the trial was 33%, which is a little below the long-term strike rate of 39%, which perhaps explains why it didn’t quite generate a profit over the trial.
Advised Betting Bank: A 150 point bank is recommended for following the service which we think is about right given the staking and strike rate.
Subscription costs: The subscription costs are pretty reasonable at £1 for the first 7 days then £29 per month, £79 per quarter or £279 per year.
OVERALL VERDICT: FAILED
Our six month trial of the US Sports Capper finished with a 29 point loss, which whilst it wasn’t the end of the world and only represented 19% of the advised betting bank, was still a little disappointing.
In these circumstances it’s a FAILED rating from us unfortunately.
We have been waiting for this service to really take off but it can’t seem to get out of first gear. With not long left in our review now it’s going to need a decent spell to finish in profit for the trial.
Sadly after making a good fightback and almost getting back to even for our trial last time, the US Sports Capper has had a tough run lately and given back some of those gains.
Since our last update they have lost 19 points, putting them 29 points down for our trial overall.
Much like the Top NHL Tipster, we had high hopes this would turn out to be a profitable US sports service as we have come across very few of those to date, but unfortunately it seems to be going the same way as the NHL service.
Still time to turn things around though so let’s see if they can do that.
All of the bets at the moment are in the NHL, which is understandable given that the NFL and MBA seasons have finished. However, the baseball is due to get underway again in a few weeks so we may well have some bets in the MLB again soon.
The vast majority of the tips so far have been on the NHL, with a few on the NBA. Maybe there have been some unexpected results in the NHL lately because the other US sports tipster we are reviewing at the moment, the Top NHL Betting Tipster, has also been struggling recently.
In any event, it is early days so plenty of time to turn things around and get back on track.
The popularity of US sports – particularly NFL – has grown considerably around the world in recent years.
The Super Bowl for example attracts over 150m viewers worldwide and ice hockey is growing in popularity across Europe.
And with the recent legalisation of gambling in some US states, all of this means there are now more opportunities to gamble on – and hopefully make a profit from – US sports.
So on that note we are starting our second trial of a US sports tipster in the space of a week, after recently starting a trial of the Top NHL Betting Tipster.
The trial we are kicking off today is of an all-round US sports expert, the aptly-named US Sports Capper.
To us here in Europe the term “Capper” (or “handicapper”) is the US version of “tipster,” but whatever the parlance this pro certainly seems to know his stuff.
Since starting tipping in September they have made an impressive 180 points profit – or £1,800 profit to £10 stakes. That has been achieved with a superb return on investment of over 47% and a respectable strike rate of over 30%.
They mainly tip in baseball (MLB), hockey (NHL) and basketball (NBA), with the occasional tip in football.
The bets are mainly in the match odds and handicap markets, meaning it should be fairly straightforward to follow.
We started receiving tips on 14th January so will record results from then and will aim to run a standard three month trial with regular updates on this page.
——–PLEASE NOTE: The football trading webinars are no longer running. The team behind them have decided instead to focus on APT, which is a platform where you can automatically copy the trades of professional traders. You can read more about it here.————–
With the main football season now over it’s time to wrap up our review of the Football Trading Webinars we have been following for the last six months.
The webinars were provided by two professional traders, Kev and Steve, with the assistance of their colleague David. Kev is the main trader who runs the strategies and trades live with his screen shared with viewers, whilst Steve is an expert on the markets and how they move.
At first we found the webinars quite difficult to follow and it took us a few of them to grasp what the trades were all about and what they were aiming to achieve in different scenarios. Eventually we got the hang of it though and after you grasp the trading strategies the whole thing becomes a lot easier to follow.
Kev uses trading software (e.g. Geeks Toy), so what you see on the webinar is his live trading ladders with Geeks Toy. You don’t have to use trading software to copy Kev’s trades and for most of them we were able to use Betfair’s normal website quite successfully, but it is recommended you use trading software.
Most of the trades involved the over/under markets but some also incorporated other markets such as the HT/FT and HT score markets as more trading strategies were introduced.
Over the course of the trial they made just shy of £2,000 profit on the webinars, which is excellent going indeed.
They also offered golf trading via the Telegram messenger app, which made a healthy £466 profit during our trial and NFL trading that made £1,006 profit. Those were separate services at an extra cost however.
In addition there were also daily e-mails with tips for bets and trades across the European leagues, although we weren’t able to proof those selections so can’t comment on the results.
On the basis of our trial we definitely award this a PASSED rating and would say it is the best football trading service we have come across to date.
New Auto-Trading Software
The good news however is that the team behind the webinars are currently beta-testing a completely new form of trading via some auto-trading software.
What this will do is copy the trades of the professional traders automatically to your Betfair account so you don’t have to do anything other than set the software up and let it run. This obviously removes the need to spend hours following the webinars and understanding the strategies yourself.
We have seen this kind of thing before on the forex markets (and indeed are currently testing one such trade-copier with TIG Trading) but have yet to see a trade copier for Betfair so this would be a great innovation if it works.
The software is still in beta-testing mode but if you would be interested in trying it out, they currently have a paper-trade mode that allows you to see how it works and what kind of profit it can deliver without risking any money, so please let us know if you are interested in that by e-mailing us at info@honestbettingreviews.com
Service Breakdown
Ease of use: As discussed above, the webinars are initially quite difficult to follow and introductory sessions for new members as well as some clarity about what exactly they are doing at each point of the trades we believe would assist people in understanding.
Availability of prices: As you can see the live screens and follow the trades on Betfair there is no real issue in obtaining the prices. Occasionally Kev may execute a trade you miss just before the market is suspended, but this can work both ways so should even out overall.
Strike rate: An impressive 68% of the webinars were profitable, which is testament to the quality of the trading.
Advised Betting Bank: We used a £2,000 bank for the trial which we think should be sufficient given the strike rate. Although there were a couple of webinars which lost £150-£200, those were few and far between and losses were quickly recovered each time.
Subscription costs: The subscription costs are fairly reasonable given the results achieved with the first 14 days free followed by £69.99/month.
OVERALL VERDICT: PASSED
The Football Trading Webinars produced just shy of £2,000 profit during our trial, which was excellent going. Their golf and NFL trading also delivered excellent profits of nearly £1,500 combined.
The webinars were a little difficult to follow at first but we think with a little bit of work those issues can be addressed and those who put in the effort will be richly rewarded
Update 10.10.19 – The webinars will not be in operation for the 2019/20 season as all focus has shifted to Auto Pro Trader, which is now operating a waiting list due to high demand. If you would like to join the waiting list, please drop us a line at info@honestbettingreviews.com
The golf also continues to perform very well, with another £127 profit made since our last update and £420 profit generated overall.
And as mentioned previously, the NFL season finished with over £1,000 profit.
So on the one hand we can say the results have been superb and our own trading has improved immensely from following the service, but on the other hand we know that a number of you have tried to follow the webinars and found it very difficult and confusing.
Some improvements have been made recently on that front, with new webinar software “Zoom” making it much easier to see the live trading screens, which were very small on the previous software.
However, even with the new software it can be very difficult for newbies to follow what is going on and we think the service would benefit greatly from much clearer explanations of the trades, what they are aiming to achieve and how the match will be traded under different scenarios. For someone new joining a webinar the whole thing can seem incomprehensible.
They are planning to release a new piece of software called Auto Pro Trader which will work a bit like a trade copier and mean you don’t need to follow along live, the software will automatically copy the trades for you on Betfair.
That is still being worked on so we will have to wait and see how well it works, but in the meantime those who have managed to stick with it and figure out the live webinars have done very well.
if you would like to check the service out, they are currently offering a 14-day free trial so if you are interested, please drop us an e-mail at info@honestbettingreviews.com and we will send you further details.
The profits have continued to accumulate for the Football Trading Webinars we have been following, with another £253 profit made since our last update at the end of January.
That means we are now £1,812 up for the trial overall from following the live football trading.
There are also Golf and NFL live trading services available and you can see results for those in the other tabs at the bottom of our spreadsheet.
The Golf trading service is £293 up for our trial overall and the NFL trading service finished the season with a profit of £1,006.
Please note the Golf and NFL services are now available as separate services to the football, although there are discounts available for signing up to multiple services.
In summary then they have made very impressive profits and although the football has been a little up and down recently, the results for our trial overall are still excellent and this is now a solid part of our portfolio.
If you want to check any of the services out then please drop us an e-mail at info@honestbettingreviews.com and we will send you further details.
The results for the Live Football Trading service have been fantastic so far, with a profit of £1,559 made since we started following the footy trading advice back in November.
The trading comes in two forms primarily – live football webinars for some matches and via the Telegram messenger app for others.
It takes a little bit of understanding to follow the trading but once you have seen a couple of webinars you should get the hang of it. Mostly the trades revolve around the over/under and correct score markets. You can use trading software for the trading but it’s not essential – everything can be done on the Betfair website with ease.
We have really been blown away with the quality of this service and the profits generated to date, not just on football but also on the NFL with £1091 profit made so far.
Golf trading is just getting going too and also looks promising (you can see the results for the NFL and golf via the tabs at the bottom of our results spreadsheet).
There are so few good trading services out there and even fewer that actually allow you to follow along with a professional trader like you can here. We feel like this is something of a revelation not just in itself but from what you can learn to improve your own trading (if you do any of course).
If you want to check the service out then please drop us an e-mail at info@honestbettingreviews.com as joining is by invite only at the moment.
We understand a website is coming soon so will update this page when that becomes available.
If you’ve been following the site lately you may have seen our review ofRugby Trading Webinars, which have been going very well.
The same team behind those webinars have also been providing football trading webinars for a few months now.
They are a team of professional traders and software developers, one of whom provides the Rugby Trading Webinars and another who does the football.
We have been following the football trading webinars for over a month now and have been very impressed so wanted to set up a formal review of the service.
Essentially the way it works is that when you sign up, you get welcome documents explaining the trading strategies and general info on how to trade.
There is then a schedule for the week setting out which matches will be traded by live webinar. There are also matches traded by messenger app and live shout-outs.
On the day of a live webinar you get a match preview setting out the professional trader’s thoughts on the game and the strategy he will be trading.
You then have the live webinar itself in which you can see his live trading screen and he talks through the trades he is making.
It can seem a little complicated at first but after following a couple of the webinars you should get a pretty good idea of how it works.
Trading via webinar is a new approach to trading – for us at least – and it’s a great way to follow along and learn how a professional trades.
There is currently no website for the service but when ones become available we will update this page.
In the meantime, if you are interested in joining then please send an e-mail to info@honestbettingreviews.com mentioning that you are interested in joining the Football Trading Webinars and we will forward the details on to you.
We started following the webinars in late October so will list results from then. We will provide a results update shortly so you can see exactly how things have gone since we signed up.
https://www.honestbettingreviews.com/wp-content/uploads/footballer-goal-celebration.png349700Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2019-05-24 12:44:542019-12-28 14:54:57Football Trading Webinars – Final Review
We have been invested in the BitClub Network for over 18 months now and to be frank the writing is on the wall: it looks highly unlikely we will make our money back here so it’s time to wrap up the review.
We originally invested $500 in the scheme back in November 2017 and at the time Bitcoin was rocketing in value and cryptocurrency schemes like this were receiving massive hype.
Just to recap, the BitClub Network is a Bitcoin mining scheme where you can buy shares in their mining operation and receive a portion of the profits as a daily payout.
In the early days it seemed to produce decent daily payouts but over time those payouts have become smaller and smaller. As we have discussedelsewhere, this is primarily due to the fact that as more people enter the mining game, the slice of the cake each one receives gets smaller. And unfortunately a huge number of new operators entered the mining game when cryptocurrency prices took off, leaving a very small slice of the pie for each one.
So all we have to show for our investment so far is 0.00469 BTC, which at today’s prices is worth about $37.
We have received more than that in mining earnings – 0.02146 BTC (or $171) to be precise – but plowed a large portion of that back into buying more mining shares.
In hindsight that was clearly a mistake and we would have been better served just receiving the earnings and then withdrawing them rather than reinvesting.
Our current daily payout is around $0.05, so with 477 days left on our original contract, we can expect to earn around $24 at today’s prices.
Whichever way you look at it then we are due to suffer a substantial loss from this investment, probably a loss of around $450 from our original $500 investment.
If we hadn’t reinvested in more mining shares then the loss would be around $300, but either way it has been extremely disappointing to say the least.
So there isn’t much left to say other than that this receives a big FAILED rating from us and is certainly not a scheme we could recommend (nor any other bitcoin mining scheme for that matter).
Not much change for our BitClub Network investment, with just 0.01745 Bitcoin earned so far in total, which equals around $112 at current prices.
That means we have earned 0.00207 Bitcoin since our last update six weeks ago, which is the equivalent of around $13.
We are now earning less than $1 per day, which is a little disappointing really.
Also slightly worrying is the fact that we have set our account to use our mining earnings to buy more shares, but we haven’t actually repurchased any shares since January as we haven’t made enough to meet the threshold.
So we are kind of stuck in no-man’s land not able to earn enough to increase our mining earnings and not earning enough as it is to make a profit (or it will be a long time anyway until we make a profit).
The only thing left to hope for then is a big rise in the price of Bitcoin, but that seems a remote prospect at the moment.
The BitClub Network is a scheme where you can buy shares in a Bitcoin mining operation and receive daily payouts in Bitcoin in return.
We invested $500 in the scheme back in November last year and so far we have earned 0.01538 Bitcoin, which is equivalent to around $102 at the time of writing.
Since our last update over two months ago we have earned 0.00485 Bitcoin, which is the equivalent of around $32.
So at the current rate of earning about $16 per month, it would take us another two years to make our money back.
That all depends of course on the price of Bitcoin, which hopefully will start increasing at some point after a rotten first half to the year.
At the moment then this isn’t looking like a great investment but things can all change quickly in the world of cryptocurrencies.
Our investment in the BitClub Network continues to chug along without much fanfare. Since our last update a month ago we have mined another 0.00229 Bitcoin, which is currently the equivalent of about $21.
That means we have now mined 0.01053 Bitcoin in total, which is the equivalent of around $94 at the time of writing.
That is from a $500 investment back in November. So it is going to take quite a while at the current rate to make back our original investment. Even though we are reinvesting our earnings into more mining shares, things still aren’t really taking off yet.
Good to see that the price of Bitcoin has picked up over the last week or so though, which of course makes a big difference to the value of our mining earnings. Hopefully the price will continue to rise back up towards the highs we saw before Xmas of $20,000.
The BitClub Network is a scheme where you can invest in shares in their Bitcoin mining operation and then receive daily payouts in Bitcoin in return.
We invested $500 in the scheme back in November last year and so far we have earned 0.00824 Bitcoin, which is equivalent to around $72 at the time of writing.
We have reinvested those earnings back into more mining shares, to increase our return over the long term.
It remains to be seen however how long it will take to recoup our initial investment, which may rest to a large extent on what happens to the Bitcoin price over the coming months and years. We will just have to wait and see on that front.
Our BitClub Network investment continues to move along slowly and steadily.
Just to recap, the BitClub Network is a Bitcoin mining scheme where you can buy shares in their mining operation and receive a portion of the profits.
Since our last update we have earned another 0.00282 Bitcoin from our mining contract, meaning we have now earned 0.00704 Bitcoin in total, which is the equivalent of around $71 at the time of writing. That is from an investment of $500 back in November.
We have reinvested all of our earnings back into new mining shares, although as stated previously that is a slow process because you have to wait 30 days for your new shares to start mining.
Eventually we hope this investment will make some profit, it may take a year or so but with reinvestment it could become quite lucrative in the long term, particularly if the Bitcoin price started increasing again.
Our mining earnings from the BitClub Networkcontinue to move along fairly slowly, with a further 0.00274 in Bitcoin mined since our last update.
That means we have now mined 0.00422 Bitcoin in total, which equates to about $43 at the time of writing. That is from an initial investment of $500 worth of mining shares on 14th November 2017.
So in over two months we have earned less than 10% of our investment back, which is pretty slow going if we’re honest.
Unfortunately the BitClub Network have stopped showing the daily updates for how much we’ve mined, so we can’t do an update to our results spreadsheet.
In terms of our efforts to grow our earnings, so far we have made two reinvestments in further mining shares, equivalent to around 5% each of a full share. Just like the main purchases however, you don’t start earning anything from those shares until 30 days has elapsed.
So the whole thing is rather slow going. Hopefully though over time these reinvestments will start piling up and our mining earnings will increase.
Plus of course the Bitcoin price might start moving upwards again and we are still waiting to hear if the BitClub Network are going to be increasing their mining power.
For the time being though, our earnings from the BitClub Network have been pretty unspectacular.
There has been a bit of a delay in updating the results for the BitClub Network, a Bitcoin mining scheme.
This is because after you purchase a share in one of their mining pools, you have to wait 30 days for them to set up the mining equipment before you start earning any Bitcoin.
So after purchasing a share for $500 on 14th November, nothing happened on our account until 15th December.
We therefore only have 12 days of earnings to report.
For those 12 days, we have earned 0.00148 bitcoin, which equates to around $24 at the time of writing.
Please note that the amount of Bitcoin we have earned is double that on the spreadsheet, as half of our earnings have been reinvested in more mining shares.
At current rates, we would end up with about $750 worth of Bitcoin after a year of mining if we just withdrew all our earnings. Obviously it would be better to just buy Bitcoin and hold it in that scenario.
The $500 of Bitcoin we invested on 14th November would already be worth $1230 if we had just held it rather than investing in the BitClub Network.
That would be more than we will have earned in a year though mining at current rates, so on that basis you could say the BitClub Network hasn’t been a great investment so far.
However, where it can really pay off is if you reinvest all of your earnings for an extended period and allow your mining shares to build up. This can enable your earnings to grow exponentially over time, so that is what we will do.
We have also heard that the BitClub Network will be increasing their mining power and have some other exciting developments planned for 2018, so hopefully we will see things pick up in the near future and some improved earnings.
We reported a few months ago that we were discontinuing our review of the BitClub Network as we were concerned it could be a scam.
That was based primarily on a post from 99 Bitcoins which raised certain concerns about the scheme.
So we felt it wasn’t worth risking our money or you potentially following us in.
However, some significant developments have occurred at the BitClub Network recently that have made us reconsider our position.
These are basically as follows:
– Firstly, there is independent verification that the BitClub Network does indeed own significant Bitcoin mining operations. That can be seen at the blockchain website and is represented in the pie chart below
As you can see, the BitClub Network owns 2.8% of the Bitcoin mining power available (hashrate), so we know the mining is real and given the exceptional growth in Bitcoin’s value, this mining should be very profitable.
– Secondly, we have seen interviews and footage of the BitClub CEO Russ Medlin, so that adds a degree of assurance when the owner of the scheme is prepared to show their face in public.
– Thirdly, they have made adjustments to the mining pool options so that you can now reinvest as much, or as little, as you want. This provides greater flexibility to the investment proposition offered by the BitClub Network, which is welcomed.
– Fourthly, they are making significant investment in upgrading their hashing power over the next few months, which will mean greater profits from the mining pools (although if more people join the mining pools then this could dilute the earnings somewhat).
All in all then it is looking like a much more credible, flexible and potentially profitable venture than it did previously so we will be making an investment here and doing a full in-depth review of the BitClub Network.
The other concern we had previously was that the returns we had seen from investors didn’t look that much better than if they had just bought Bitcoin and held it.
However, Bitcoin has enjoyed incredible growth over the last couple of years and we are not sure that will be maintained over the next couple of years. We may be wrong of course, but we would expect growth rates to be a little more gradual and not quite so exponential as they have been going forward.
That would make an investment in the BitClub Network more attractive if it turned out to be the case vis-a-vis just buying Bitcoin and holding it.
We shall see, but either way it seems worth testing out to see how it gets on. So we will run a live trial and will update our results here regularly.
We are discontinuing our review of BitClub Network, a service that offers to mine Bitcoin for you and share in the proceeds.
The reason for discontinuing the review is that we have been contacted by people warning this could be a scam.
After investigating a little ourselves, we are not sure either way, but there is enough of a risk that it could be a scam to warrant ending our interest in it.
There is a very good post here on a website called 99 Bitcoins outlining the red flags about the scheme and the possibility that it could be a Ponzi scheme.
Now you may ask why we don’t continue our review to discover if it is a scam or not.
Well, as pointed out in the post on 99 Bitcoin, the problem with it is that if it is a scam (and again we are not saying it is or it isn’t) then the whole thing could break down very suddenly, with all investors losing their money.
That is what happens with Ponzi schemes – they can keep going for quite a long time as long as money is coming in from new investors to pay off current investors. But if the influx of new investors stops, you can have a problem if there isn’t enough money being generated from the investment scheme itself.
Websites involving Bitcoin have been known to shut down suddenly without warning and with money invested being lost – and obviously with something like this it is not regulated by the FCA or any body like that, so you have no chance of getting your money back.
So we could run a review for six months, a year, longer even and everything could be running fine, with revenues being generated. At that point we would have to give it a positive rating based on the performance.
But then if things did suddenly collapse and it went bust, it would be too late. It would be no good us turning round and saying “sorry it’s a scam” because your monies would be gone.
So all we can say is have a good look at thepost on 99 Bitcoinsand see what you think.
For us, a point that sticks out is that the kind of returns people are reporting in the comments section of that article could have been achieved just by purchasing some Bitcoin and holding it – without needing to be involved with the Bitclub Network and their mining operation.
That for us makes us wonder what the point in being involved with it is and moreover is a little suspicious.
In any event, as we say either way we cannot be sure if it is a scam. But we feel there are enough doubts raised to make us sound a warning to you so you can make your own mind up.
Over the last few years we have heard a lot about Bitcoin and have often wondered “what the dickens is it all about?”
There seem to be never-ending news stories about how this “cryptocurrency” is changing the world and all sorts of strange things happening around it.
Like many things when they are new and groundbreaking in the way Bitcoin is, there is also often a lot of confusion about what they actually are.
So we recently decided to do some digging and find out what all the fuss is about.
What is Bitcoin?
Well, first up, let’s start with what it is.
Bitcoin is a digital currency that allows people to conduct a transaction directly between themselves without a third party like a bank, Paypal or Western Union.
This has the advantage of meaning the transaction doesn’t have any fees and is direct.
It also allows people in some parts of the world who don’t have bank accounts but do have the internet to potentially trade.
There is a fixed amount of Bitcoin that will be created in a fixed timeframe, which gives it a stable base.
It is also not controlled by any bank, government or corporation.
Why So Much Excitement?
There has been a great deal of excitement around Bitcoin and you may be wondering why.
Well, in addition to the advantages mentioned above about reducing fees for financial transactions and purchases as well as decentralising currency, Bitcoin has been generating excitement for another reason.
That reason has been it’s skyrocketing value!
Just this year, Bitcoin has gone from being worth $997 at the start of January to $2373 at the time of writing.
But that’s nothing compared to its rise since May last year, when it was valued at $237 – so that’s a 1000% increase.
Or go back five years and it was worth just $10 – so that’s a 23,000% increase to today!
Or in other words, if you had bought $1,000 worth five years ago it would be worth $230,000 now.
Here are the gains in chart format:
Chart courtesy of Coindesk.com
It’s pretty insane and in one sense, you might think that getting in now would mean you’ve “missed the boat” so to speak.
But there are some analysts who say the Bitcoin revolution has only just begun and still has plenty of miles to run, claiming that it could be worth many times its current value in ten or fifteen years’ time.
Obviously no-one can say for sure where the value of Bitcoin is ultimately going to end up, but there are opportunities to be part of the revolution around it whatever happens to its value in the long run.
What is BitClub Network?
One such opportunity we heard about recently around the Bitcoin phenomenon piqued our interest.
As the name suggests, it is a club that is involved with taking advantage of the Bitcoin revolution.
Basically they say that as a member there are a number of advantages:
You can receive a share of the benefits of their “mining” of Bitcoin (mining is the backbone that allows Bitcoin to function. New Bitcoins are created as a reward for miners who secure & verify payments in the blockchain).
So by receiving a share of the Bitcoin they mine, you should receive considerably more Bitcoin overall then if you just bought some Bitcoin and held on to it.
Secondly, they are starting to mine other cryptocurrencies that you can take advantage of.
And finally they say they are creating their own currency which members will get the benefits of.
It looks like an interesting enough opportunity to test out, so we are going to join and run a trial of this and see how much we make from it.
The beauty of it is that it’s a completely passive investment so once you have joined and paid up you don’t need to do anything.
It costs $99 to become a member and then you have the choice of investing in shares of their mining pool, starting at $500 and going up to $2000.
Anyway, we will update this page periodically during the trial on how things are going.
This is only the second rugby betting service we have reviewed here at Honest Betting Reviews. The other one – Rugby Trading Webinars – received a passed rating but isn’t available currently.
So could Elite Rugby Tipping be the one and only currently available winning rugby service? We were certainly hopeful coming into our review, with just under £25,000 profit apparently made to £50 stakes prior to us starting our trial.
The service tips in both rugby union and rugby league and in a variety of different competitions including the Premiership, European rugby, the Super League, the Top 14 (the French league) and more. Match odds, handicaps and over/unders are the main markets used.
Whilst we are were hopeful coming into the trial, sadly as we seem to say so often these days however, the kind of results seen prior to our review weren’t seen during it, with a loss of 38 points made.
That equated to a negative ROI of -10%, which is somewhat disappointing it has to be said.
Given those figures it seems the only rating that can be given here is a FAILED one in the circumstances.
Did we just hit the service at a bad time? Perhaps, certainly it does happen and things may well pick up from here. But six months is quite a long time to run a trial for so we would have hoped to have finished with some profit at the end of it.
Service Breakdown
Ease of use: The tips are normally sent out the day before matches or with plenty of time on the day, so there is no problem from that point of view. With an average of just 6 bets per week usually spread out over the weekend, there isn’t too much effort involved in following the tips either.
Availability of prices: To give credit to them they quote generally available prices rather than just best prices, so with some shopping around you may be able to beat the official results and our results published above. But certainly we didn’t have too many problems getting the advised prices.
Strike rate: The strike rate for the trial was 47%, which in itself is pretty good but given a lot of the bets are odds-on would need to be a bit higher to generate a profit.
Advised Betting Bank: We didn’t see any bank recommended but used a 100 point bank for the trial, which seemed adequate to us given the strike rate and staking.
Subscription costs: The subscription costs are quite high at free for the first 14 days then £185 per quarter or £630 per year.
OVERALL VERDICT: FAILED
There aren’t too many rugby services out there and the only other one we have reviewed is no longer available.
So we were hoping that Elite Rugby Tipping would be a profitable rugby service and certainly their credentials looked strong coming into our trial.
Sadly though with a 38 point loss after six months it can only be a FAILED rating from us for this service. Perhaps we just hit them at a bad time but six months is quite a long time to run a trial so it is a little disappointing. If they can turn things around we would of course be prepared to revise our opinion but at the moment sadly we still don’t have a profitable rugby service to recommend.
There have been more bets from rugby league recently which have done very well and helped the recent good run. Hopefully it will continue and they will be in profit overall by the time of our next update.
Although we have been following the service for three months now, there have only been 61 tips in that time and we normally look for at least 100 tips before finalising a review. So we will continue the trial and hopefully have better news to report by the time of our next update.
This is quite a low volume service with just a few bets per week, meaning it is easy to follow and the prices seem readily obtainable. All we need now is the results to pick up and for them get back into the black.
Most of the bets during November were on the Autumn International matches which can be a little unpredictable, so with the return of the domestic action hopefully we will see an improvement in form for the service.
Just a note that they are moving the service over to the Love Winners website going forward.
This is a first for us here at Honest Betting Reviews as we launch our first ever review of a rugby betting service.
It’s strange in a way that there aren’t many rugby tipsters out there when you consider it’s a popular sport played in a number of countries around the world.
Even comparable sports in terms of popularity like golf and cricket attract a lot more betting attention and have quite a lot of people tipping on them.
For some reason though rugby has been rather neglected as a betting medium over the years.
That’s no problem for us though as it means there is the potential for lots of value to be found if others aren’t devoting much time to it.
And that certainly seems to be the case with the service we’re looking at today – Makfi Elite Rugby Tipping.
It is run by a guy called George Makfi – hence the name.
This is actually a service that’s been around for a number of years – firstly at gttips.co.uk, then atLoveWinners.co.uk before moving to Makfi Elite.
It had been part of a broader portfolio of sports tips when on those websites, but this new service is rugby-only.
The long-term record of the rugby tips over the last eight years has been very good, with a profit of £24,892 made to £50 stakes, which is the equivalent of 498 points profit to 1 point stakes.
That has been achieved with a return on investment of just under 10%, which is very good for a sports service where you are betting at relatively short odds generally.
Bets come in both rugby league and rugby union and across a variety of leagues as well as internationals.
There are also a variety of bet types used such as handicaps, total points, winning margins and more.
We are looking forward to testing this one out because as we say, it is the first rugby service we have trialled – and it also looks very good!
So we will aim to run a standard three month trial and see how this one gets on. You can check back here for regular updates.
Unfortunately after a tough run since our review started the Each Way Expert has decided to call it a day and pack in their service.
It’s a shame as it’s only been running since last September and they were still up overall, plus there was plenty of time to turn things around, but of course it’s their decision if they feel they that tipping isn’t for them any more.
So this one gets added to the FAILED/DEFUNCT pile and it’s onto the next review for us.
At Betfair SP it’s a similar picture, with 35 points lost so far.
This is quite an unusual service in that it tips each-way on all selections, even if they are around evens. At that sort of price we would question whether it would be better to just back them on the nose, but that’s the strategy they’ve adopted so let’s see how it works out over the remainder of the trial.
Today we are starting a trial of a new horse racing tipster that focuses on backing horses each-way in UK and Irish racing.
The tipster in question is called the Each Way Expertand it should not be confused with the other each-way specialist from the same Betting Gods platform, the very successful Each Way Leader.
Both have established strong records in their own right, but the tipster we are reviewing today is rather newer to the scene, having been tipping since only September last year.
In that time however they have amassed just shy of 100 points profit, which is no mean feat and equates to approximately £140 profit per month to just £10 stakes.
That has been achieved with a solid strike rate of 35% and a commendable return on investment of 14%, with the advised bank having pretty much doubled since they started.
One of the things we like about the service is that all tips are one point each-way stakes, so nice and easy to follow and no fancy staking system to try and inflate results.
There are around 40-50 tips per month so the workload looks fairly manageable too.
As is customary for Betting Gods tipsters, there is a 7 day trial for £1 available so you can try the service out first before moving on to a longer subscription.
All in all then it looks like a decent service and could well be a good compliment to its stablemate the Each Way Leader.
As we always say though time will tell how well things go so let’s wait and see.
We intend to run a standard a three month review although may extend if it looks worth doing so. Results will be posted here periodically during the trial.
https://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.png00Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2019-05-11 10:22:492023-08-07 18:04:34Each Way Expert – Final Update
Phoenix Racing is a horse racing tipster that takes an interesting approach to betting. They concentrate on following horses that are “looked after” in races – or in other words given a deliberately poor ride – to save for another day, then back them on the day that counts. So they are focused on finding those value winners that the market and most punters normally overlook.
It is an approach we really like as it seems like there is a lot of this dodgy kind of activity going on in horse racing. If not outright cheating, then it is certainly questionable and something of a grey area within the sport. And of course it is the average punter who is blissfully unaware of such practices, whilst those in the know use the information to line their own pockets.
So a horse racing service that notices this kind of thing and attempts to profit from it could be very valuable.
That’s the theory anyway, but would it work out in practice under the spotlight of a live trial?
Well things started out fantastically as they went over 90 points up early on in our trial and smashed in a number of high-priced winners.
Unfortunately though things somewhat petered out from then on, with the trial finishing 35 points up at advised prices at the end of six months.
You can see that visually in the profit graph for the trial below:
That’s still a good result and a nice profit to have made, but it just feels a little less because of the heights they hit early on.
At Betfair SP they finished 20 points down, although as mentioned previously that does include a horse that was first past the post but subsequently penalised, so won at the bookies but not at Betfair. That actually made a 21 point difference so the BSP results would have finished 1 point up otherwise.
All in all then we think is worth a narrow PASSED rating as it did make a decent profit, although in the end didn’t quite set the world on fire.
Certainly though we like the approach and will be keeping an eye on the service to see if they can replicate the kind of results achieved early in our trial.
Service Breakdown
Ease of use: The tips are normally sent out the evening before racing with some commentary on the day’s performers and tomorrow’s prospects. With an average of 3 bets per day there is a little bit of work involved in following the service, but not too much by any means.
Availability of prices: You do need to try and take the prices the evening the tips are sent out as they tend to drop quite a bit by the off.
Strike rate: The strike rate for the trial was 10%, so this is clearly a service for the patient gambler as there will be some losing streaks and drawdowns along the way, but at the same time some very nice-priced winners.
Advised Betting Bank: A 150 point bank is recommended for following the service which we think is about right given the staking and strike rate.
Subscription costs: The subscription costs are pretty reasonable at £1 for the first 7 days then £39 per month or £399 per year.
OVERALL VERDICT: PASSED
We really like the approach of Phoenix Racing, which is to try and identify those horses who are being deliberately given an easy ride or raced in unsuitable conditions in order to push their odds up for another race they are being targeted at.
The approach appeared to be working wonders early on in our trial as they went close to 100 points up at one stage, but in the end they finished 35 points up at advised prices.
That’s still pretty decent and worthy of a PASSED rating, but we had kind of been hoping for more.
In any event we think the service has enough promise to continue monitoring so let’s see how they get on over the next few months.
At Betfair SP the picture is a little worse, with 30 points lost since our last update, leaving them 17 points down for our trial overall.
This kind of run is always possible when you are tipping at average odds of 15/1, but will have been tough to take for those who joined the service recently and don’t have the previous gains banked to help withstand the losing run.
All we can hope for is they get things back on track and start banging in some winners again!
At Betfair SP they lost 12 points since our last update and are 13 points up for our trial overall (although as mentioned previously that does include a horse that was first past the post but subsequently penalised, so won at the bookies but not at Betfair).
The service is still offered through bothBetting Gods and Sportsworld Publishing, although they now both offer a monthly subscription option, with Betting Gods offering a 7 day trial for £1.
At Betfair SP they have lost 8 points since our last update and are 25 points up for our trial overall (although as mentioned previously that does include a horse that was first past the post but subsequently penalised, so won at the bookies but lost at Betfair).
The service is still offered through bothBetting Gods and Sportsworld Publishing, although they now both offer a monthly subscription option, with Betting Gods offering a 7 day trial for £1.
At Betfair SP they have lost 25 points since our last update and are 33 points up for out trial overall (although as mentioned last time that does include a horse that was first past the post but subsequently penalised, so won at the bookies but lost at Betfair).
The service is still offered through bothBetting Gods and Sportsworld Publishing, although they now both offer a monthly subscription option, with Betting Gods offering a 7 day trial for £1.
Wow! What a run it’s been for Phoenix Racing since our last update just over a month ago. They have made a superb 92 points profit to advised prices in that time, smashing in big-priced winners left, right and centre!
That means they are now 84 points up at advised prices for our trial overall.
At Betfair SP they made 81 points profit since our last update and are 58 points up for our trial overall.
However, that doesn’t quite tell the whole story, as one of the horses – Singe Du Nord at Southwell – initially won its race but was subsequently relegated to second place. Most bookies would pay out on the first past the post (which we understand they did in this instance) meaning the bet was a winner, however Betfair do not normally do so, meaning those who bet at BSP would have lost (if that was not the case and Betfair did pay you out, please let us know below).
So without that anomaly that lowers the BSP results, there would actually be very little difference between the results at advised prices and BSP – only 6 points in fact – which is good because we had been concerned about how well the BSP results would hold up.
It is exactly the same service with all the same tips, just with slightly different subscription options, with Betting Gods offering a quarterly subscription (with the first 10 days for £1) and Sportsworld a monthly one. We have included both links above so you can choose for yourself the option that suits you better if you would like to subscribe.
At Betfair SP it’s been somewhat worse, with a loss of 23 points so far.
That perhaps isn’t too surprising, because what the service focuses on are horses who are “looked after” – or in other words entered in unsuitable conditions and given an easy ride in order to get their handicap mark down and their odds up for when they are entered in races with the right conditions.
So a lot of the selections get backed in considerably from the time the selections are sent out the evening before racing, indicating connections are backing them and a gamble is on.
It’s an interesting approach and we could see it working quite well – certainly past results suggest that. Unfortunately though so far in our trial it hasn’t quite happened for them yet, but it’s still early days so plenty of time to turns things around.
Today we are starting a new trial of a horse racing tipster called Phoenix Racing.
This one was actually recommended to us by one of our members, so thanks to them for bringing it to our attention.
It comes out of the popular Sportsworld Publishing site, which offers a number of tipsters and betting systems and has been around for quite a few years.
We took a look at Phoenix Racing after receiving the recommendation and the results looked extremely impressive, with over 160 points profit made since starting tipping in just March of this year.
The return on investment has been an amazing 40%+, which is quite outstanding to have sustained for a period of seven months or so.
Staking is generally to one point win bets with the occasional one point each way, so very reasonable and there are around three bets per day, so a manageable workload.
The service tends to concentrate on plotting horses that are “looked after” in races to save for another day, then try to drop on them on the day that counts, so is focused on finding those value winners that the market and most punters normally overlook.
It has seemed to work very well for them so far but it will be interesting to see if that continues during our trial.
We started receiving tips on 23rd October so will record results from then. Please check back here for updates on how the trial gets on.
https://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.png00Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2019-05-07 10:07:552019-12-11 12:52:57Phoenix Racing – Final Review
LMR Racing is a horse racing tipster service that started out under the Betinfo24 banner but then moved over to Tipster Street during the course of our review.
At the outset of our trial they had one of the most impressive records we had ever seen, with over 400 points profit made in 18 months at an ROI of over 40%.
As so often proves the case however, those kinds of results were not repeated under the spotlight of a live trial and in the end they finished just 15 points up after an extended six month review period.
A profit is still a profit and so it should not be sniffed at, but given the kind of results published prior to our review, we had rather been hoping for something more.
Once subscription costs are taken into account you would have pretty much broken even betting at £10 per point and with bank growth of only 15% in six months, we feel like a NEUTRAL rating is probably the fairest judgement here.
Service Breakdown
Ease of use: Good – tips are normally sent out the morning of racing at around 9am UK time. With an average of just 1 bet per day there isn’t much work involved in following the service however.
Availability of prices: We didn’t see any issue with obtaining the advised prices and there wasn’t a great deal of difference between the results at advised prices and Betfair SP.
Strike rate: The strike rate for the trial was 27%, which is pretty decent and there were no significant drawdowns during the trial.
Advised Betting Bank: As 100 point bank was recommended for following the service which we think is more than reasonable given the staking and strike rate.
Subscription costs: The subscription costs are pretty reasonable at £9.99 for the first 30 days then £19.95/month.
OVERALL VERDICT: NEUTRAL
Finishing with a profit is always welcome and LMR Racing finished our six month trial with a profit of 15 points, which is pretty decent.
However, taking into account subscription costs and the length of time of the trial, it wasn’t quite enough to warrant a recommended rating at the moment.
It’s a service we’ll keep an eye on though to see if they can find the kind of form shown prior to our trial.
Not much change at Betfair SP either, with a loss of just 1 point since our last update and 9 points lost for our trial overall.
We are waiting for this service to catch fire, has just been treading water for the majority of our trial to date. Let’s see if that has happened by the time of our next update.
At Betfair SP things have been going slightly the other way, with 3 points lost since our last update and 8 points lost for our trial overall.
The good news is they say their plans are now finalised for the upcoming turf Flat Season which begins at the end of the month..March, April and May are normally good months for them and with strong info lined up before then they believe there are exciting times ahead. Let’s hope so!
A quiet time lately for LMR Racing both in terms of the number of advised bets and the results. Since our last update they have lost 6 points at advised prices.
That means they are now just 2 points up for our trial overall at advised prices.
At Betfair SP they have also lost 6 points since our last update but are now 5 points down for our trial overall.
With the break for the Equine Flu outbreak understandably there hasn’t been much betting action lately but things should be ramping up over the next few weeks.
The results at Betfair SP have also been good but not quite as much profit as at advised prices, with 13 points made since our last update and 9 points overall.
Just a note to say the service has moved home from BetInfo24 over to Tipster Street, who are currently offering the first month of membership for just £9.99 – you can get the deal here.
Today we are taking a look at a new tipster from the BetInfo24 stable called LMR Racing.
We recently commenced a trial of another horse racing service, Racing Exchange, and remarked that the results looked almost too good to be true.
Well we could say the same here, in that the results really do like quite amazing.
With over 440 points profit since January 2017 at an incredible ROI of over 40%, these are some of the best results we have seen for some time.
That would be over £44,000 profit to £100 stakes or £11,000 to £25 stakes in less than two years of betting.
Much as with Racing Exchange though, we feel that these whilst results are pretty awesome, they are just about the right side of being possible and therefore we are willing to give this one a trial.
There are around 30-40 bets per month and the strike rate has been 37% so far, which is pretty decent.
There isn’t much info about the selection process or who the people behind LMR Racing are, but fair enough if they want to keep themselves and their method private.
Anyway, we will kick off our review and will aim to run our standard three month trial for this one. We have been receiving selections since 19th October so will record results from then.
You can check out LMR Racing here.
https://www.honestbettingreviews.com/wp-content/uploads/shutterstock_1082840636-horses.png375613Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2019-05-06 12:24:122023-08-07 18:05:21LMR Racing – Final Review
This is the first ice-hockey service we have reviewed here at Honest Betting Reviews and it looked promising coming into our review, with over 180 points profit made up to that point.
However, sadly under the microscope of a live trial things did not go to plan and they ended up with a loss of 57 points after our three month review.
With a recommended starting bank of 50 points, that would equate to losing the entire betting bank, which is obviously a disaster.
That normally makes it an automatic fail for us, although of course you could argue that they should have started with a bigger bank of 100 points or so.
Either way though the results have been disappointing and with over 600 bets recommended during our trial, that is a pretty big sample size to judge the service on.
So all in all then there is nothing else to do other than award this is a FAILED rating and to say it’s not a service we can recommend at this time.
Service Breakdown
Ease of use: Good – tips are normally sent out well before matches are scheduled to start. With an average of 6-7 bets per day there is a little bit of work involved in following the service however.
Availability of prices: We didn’t see any issue with obtaining the advised prices and in some cases were actually able to beat them by using the exchanges.
Strike rate: The strike rate for the trial was 51%, so almost exactly half the bets were winners which is pretty decent, but still below where it needed to be to make a profit.
Advised Betting Bank: As discussed above, a 50 point bank was recommended for following the service, but we would think a 100 point bank would be more appropriate here.
Subscription costs: The subscription costs are pretty reasonable at £1 for the first 7 days then £79/year.
OVERALL VERDICT: FAILED
With a 57 point loss and the betting bank have been completely blown here there isn’t much else we can do other than give this a FAILED rating unfortunately.
We had been hoping to add a successful ice-hockey service to our portfolio but sadly it won’t be this one for the time being.
It’s been a good fightback for Top NHL Betting Tips recently, with a profit of 26 points made since our last update.
Unfortunately though given the losses incurred previously they are still 31 points down for our trial overall, but at least they are moving in the right direction.
This is a high volume service, with around 7 bets per day on average. We have seen prices are readily available though and can even be beaten using Betfair, which is a good thing.
Anyway, let’s hope the recent progress continues and we have positive news to report at our next update.
That is actually more than the entire recommended betting bank of 50 points, which once again proves to be far too small of a bank.
We could fail the tipster at this point but will given them the benefit of the doubt and see if they had advised a 100 point bank if things can be turned around.
Either way it’s been a very disappointing start to the trial.
This is something new for us here at Honest Betting Reviews – our first ever review of an NHL betting service with Top NHL Betting Tips.
Hockey (or ice-hockey to us here in the UK) has been growing in popularity around the world, particularly in Canada, where it is the number one sport in terms of popularity and in Europe, where there are now 43 members of the International Ice Hockey Federation.
The NHL is still the premier league in the world however and where most of the top players ply their trade. It has many gambling opportunities around it which have helped to increase its popularity.
The season runs from October until June and there are 31 teams who compete over the 82-game campaign, meaning a lot of potential betting action.
The service we are looking at here takes advantage of all this action with around 120-140 bets per month which works out at around 4 per day on average, although inevitably there will be more on match days and none on off-days.
Since starting up in March last year, the service has apparently made an excellent 186 points profit, which represents huge growth of 385% on the 50-point bank starting bank. That is quite amazing growth to have achieved in less than a year.
That has been achieved with a strike rate of 57% and a return on investment of just under 10%, which are very commendable figures.
Most of the bets come in the main match odds market, with a few in the handicap market so it looks like this should be quite a simple service to follow.
We started receiving tips on 14th January so we will record results from then.
Without further ado we will get the trial underway then and let’s hope we see the kind of growth achieved to date repeated during our review.
We will update results here regularly during the trial.
https://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.png00Danhttps://www.honestbettingreviews.com/wp-content/uploads/hbr-logo-new-300x145.pngDan2019-04-30 09:40:332023-08-07 18:05:50Top NHL Betting Tips – Final Review
It is now nearly 18 months since we started our review of the Etoro Trade Copier so we thought about time we wrapped up our review.
Just a reminder that this is a stock and crypto service where you can follow other people’s trades automatically. It saves a lot of time because you don’t have to do anything yourself other than choose who you want to follow and for how much.
After following eight people for an extended period of time, we made a small profit of $276 from $8,000 invested.
Whilst that wasn’t too bad, to be honest we would have done better just following an index fund of the stock market as a whole. For example the S&P 500 has gone up around 10% over the course of our review and so if we had taken the $8,000 and invested it in an S&P 500 index tracker we would have done considerably better than following the traders we did on Etoro.
It seems like the traders do well when the market is going up and badly when it is going down, but we aren’t sure if any of them have developed strategies to make a profit regardless of the overall market conditions, or “alpha,” which is the returns someone generates over and above the market average.
We also weren’t entirely sure about the Etoro platform setup. Whilst it looks very nice, it is difficult to view a trader’s full trading history if you want to copy them, which is kind of essential in our view.
In summary then we award this a NEUTRAL rating – it made a small profit which is good, but really the returns were very minimal overall and we could have done significantly better investing funds elsewhere, even in entities such as index funds.
The idea of “social trading” is nice in theory but we are yet to see evidence that it is better – or even as good as – investing with dedicated financial professionals in the traditional manner.
Just a reminder that this is a stock and crypto service where you can follow other people’s trades automatically. It saves a lot of time because you don’t have to do anything yourself other than choose who you want to follow and for how much.
With the improvement recently it is now working rather well and is proving a good way to make some passive income for us.
Just a reminder that this is a stock and crypto service where you can follow other people’s trades automatically. It saves a lot of time because you don’t have to do anything yourself other than choose who you want to follow and for how much.
If it works it would be an ideal form of passive income, but at the moment as we are down overall the jury is still out on this one for the time being.
To be fair it has been something of a bear market over the last month so it is perhaps not surprising that the traders we are following are all showing a loss.
However, we are concerned that they all seem to be long on their positions, with very shorts being taken. How much of their success is just down to the fact we have been in a bull market for the last few years rather than their skills as traders is unclear. A really good trader will make profit in both bull and bear markets as they have an underlying strategy that works.
Anyway, let’s not get too disheartened, hopefully our traders will turn things around shortly.
Things have finally started moving forward in our trial of theEtoro Trade Copyingservice after we had some initial problems getting things set up properly.
So far in the trial we are $115 up, which isn’t bad considering that you don’t have to do anything other than click “copy” on the people whose trades you want to follow.
Only two of the five traders I have been following have been active, so today I have added three more traders to my portfolio to hopefully see some more movement.
Still, despite things being quiet, it is good to be in profit considering the correction in the stock market recently.
It’s been a bit of a false start to our trial of theEtoro’s Trade Copier so far unfortunately. One thing they don’t make very clear is that to follow some of the traders, you need to invest a minimum amount to be able to copy their trades.
We are following five different traders and so far after more than a month, we have only copied the trades of two of them.
It is a shame this isn’t made a little clearer and although visually it is a very nice platform and most of it is intuitive, a little more guidance from them would improve the user experience considerably.
Anyway, for what it’s worth we are 0.17 points up so far for the traders we have been able to copy.
Today we are starting a trial of something a little bit different here at Honest Betting Reviews.
As regular followers will know, we like to try out a variety of means of making some additional income and not just restrict ourselves to betting systems. We try out trading systems, forex strategies and have even gotten into cryptocurrencies lately.
So today we are going to test something new – a “social trading network” called Etoro.
What is unique and great about Etoro is that you can copy the trades of expert traders on there with just the click of a button. Hence the “social trading” idea.
It’s a fun and interactive way to get involved in trading without needing to be an expert yourself or spend a fortune on expensive software or trading courses.
Amazingly, according to the Etoro website, a massive 78% of copied trades closed on the platform have been profitable (as at 17.08.2017). That’s a huge edge as normally you’d expect it to be around 50%.
That’s the “wisdom of the crowds” at its finest really.
There are hundreds of traders on Etoro platform and their full records are there for you to view, so you can see:
– How much they have won and lost overall
– Their monthly profit and loss
– What things they like to trade
– Their open positions
– Their max drawdown
– How many trades they have made in total
– What percentage of their trades are profitable (strike rate)
– How many people are copying their trades
It really gives you all the information you need to decide who to follow.
There are some very successful traders on there, people who have a very high percentage of winning months, low drawdowns and returns in excess of 80% and even 90%.
That beats the hell out of most Wall Street hedge fund managers and any kind of index fund – and certainly massively beats bank interest rates at the moment!
Etoro is also a really nice platform visually and user-friendly too.
The great thing about is that you don’t need to be an expert on the markets or spend hours studying charts and lines and bollinger bands and all that complicated stuff.
You can just sign up, deposit some funds, choose who you want to copy and then sit back and (hopefully) let them make you some money!
So it’s potentially a nice source of passive income.
There are also other options on the Etoro platform like you can trade yourself (and if you do well people can copy you, thus making you some additional income) and there are “copyfunds” so you can copy large investment funds like their special cryptocurrency fund or a stock market fund.
However, for this review we are going to concentrate on copying other traders as that’s the easiest one to do and is something anyone can do.
So we are going to have a portfolio of different people we follow to balance the risk and not leave ourselves exposed if one person has an unfortunate run.
We will detail who we have chosen in our next update, so you could even copy us copying other traders if you like 🙂
Anyway, we will kick the review off now and will report back here soon on how it’s going.
After not receiving any selections from this service for some months, despite chasing it up, we have no choice but to discontinue our review.
We are not sure if the service is still active, but we note that results on the website have not been updated for some months either.
The service looked promising, but there were issues with obtaining prices as often there would only be one bookie (Bet365) offering odds as the markets bet in were very niche.
Anyway, as we say there is nothing more we can do at this stage other than to discontinue our review given the circumstances.
With the busy football schedule coming up over the festive season there should be plenty of action so hopefully that will get things moving in the right direction again.
A couple of things to note with this service – firstly, as the markets are very specialist, not many of the bookies offer them. Most of the bets are with Bet365, with them sometimes being available with Ladbrokes and William Hill as well.
Secondly, with certain bets it’s best to wait until the teams are announced so you know the player in question will be starting the match.
So just a couple of things to be aware of if you are thinking of signing up, but overall this has been performing well and looking like a promising service.
They are now really starting to shift into high gear and replicate the excellent results of their sister service Sports Spread Betting, with the last five bets all having won and similar runs like that throughout September.
Let’s hope they can keep that up throughout October and over the long term.
The new trials are coming thick and fast at the moment and the good news is that we have another promising football service to look at just in time for the start of the football season.
We are particularly excited about this one because it comes from the same team behind another hugely successful service, Sports Spread Betting, which has made over 3,000 points profit since starting up last August.
Whilst that service focuses on spread betting (as the name suggests) this new service uses fixed odds betting, which most people are more familiar with, and is called Player Profits.
And whilst Sports Spread Betting provides tips across a variety of sports, Player Profits will focus exclusively on football.
They have a massive database of Premier League and European player statistics that they will use to find an edge over the bookmakers.
These days the bookies offer markets on just about every possible facet of the game you could possibly think of, which provides excellent opportunities for those prepared to put in the time to analyse the stats.
That is exactly what Max who runs the service will be doing and he will be focusing on the following niche markets:-
– Player passes
– player shots
– player shots on target
– player tackles
– player assists
– yellow cards
– goals
So perhaps some markets you haven’t bet on before there but should be avenues for profit with not many people focusing on them.
A bank of 50 points is recommended for following the service and each selection will be graded 1-3 points.
With the success of Sports Spread Betting we are very hopeful for this service and it would be great if it could prove as profitable.
They are targeting between 20 and 50 points profit per month on average, which based on the results of the spread betting service should not be out of the realms of possibility.
We will kick off our review today then and will aim to run a standard three month trial, although may extend it depending on how things go. So look out here for regular updates.
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