Learn To Make An Income From The Sports Betting Markets!
Smart Sports Trader
Ryan Bruno is a former mixed martial arts and kickboxing competitor. After finishing university he played online poker and taught English for a living in Thailand for a few years.
Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage. Ryan runs the sports betting and trading website www.smartsportstrader.com"
Which is probably going to be my only focus until we get some news on sport returning.
I did think with pretty much all sports being cancelled we might see an influx of decent casino offer. If I am honest though I haven’t seen a huge difference. There does seem to be a few more lower value offers coming up though.
In March I did 200 offers.
A total profit of £1378 was made.
If your interested in profiting from casino offers I put up two new pieces of content this month.
For those new to the blog, Caan Berry is a well known Betfair Trader with a good reputation throughout the industry.
In this review we will be taking a look at the newly published cricket trading guide.
Being a complete beginner to cricket trading I also asked a friend of mine (Luke) who regularly trades cricket for his input.
Throughout this review I will include Luke’s thoughts about various aspects of the guide.
Caan Berry Cricket Trading Guide Review
First off lets take a look at the contents of the cricket trading guide alongside the additional extras.
10 Crucial factors
Rules that impact betting
Your cricket trading set up
Social Media edges
How cricket changed in 2008
How much liquidity is coming
Whats an event worth? Entry points?
What is par?
Run line shortcut vs match odds market
Staking your cricket trades
The mental side of cricket trading
High pressure points for players
Compression points in the market
Trading test cricket
Weather in test cricket
One day cricket trading
Key one day cricket strategies
Market manipulation and fixing
White label exchanges and liquidity
Guide to reading cricket stats
As you can see its quite an extensive cricket trading guide which covers a wide array of areas.
Who Wrote The Cricket Trading Guide?
This trading guide is not written by Caan Berry himself, it is written by a professional cricket trader that has known Caan for a number of years.
Throughout the guide he is referred to as Mr X.
The writer of the guide states that he wanted to keep his personal details secret as at times he still takes advantage of live time delays. Which is similar to the advantage live “courtsiders” have in tennis.
He would still like to maintain this edge in the market and believed that giving out his details could harm this.
I was kindly asked by Ryan, to read and review the cricket guide by Mr X. After agreeing I looked forward to it as cricket guides in the trading world are a premium.
Being a bit of a skeptic I thought surely there wouldn’t be too much given away.
After reading the guide I was pleasantly surprised.
I am a cricket trader and have been for over 8 years now, it isn’t my sole sport but one I have a natural interest in.
Is The Cricket Trading Guide Suitable For Beginners?
Being a complete beginner of trading cricket on Betfair I read through the guide without knowing a whole lot prior.
The guide is well written and easy to follow.
The guide starts with “10 Crucial Factors” you need to assess when your planning to trade a cricket game. This was a great introduction to cricket trading and really hammered in some of the fundamental factors that you need to consider before trading a game.
After that the guide goes on to more specific strategies.
One surprising element to me was how much information the author of this guide gave away about his own strategy.
For example stating the apps he uses to check weather conditions.
He also reveals throughout the book his strategies on how to exploit mug punter money, in the case of cricket this money comes mostly from India.
Another factor that really impressed me was the amount of data that the author gave away throughout this guide.
This really helps to hammer home why certain strategies would work.
Mr X actually states that to use this guide to it’s fullest potential. You do need to understand the game of cricket.
That means knowing the rules within the game.
Is it an easy thing to do for someone with no knowledge of cricket?
No, it does take time and you will have to watch several matches in order to develop your understanding.
The author states that this isn’t like horse racing. It is a more complex market to understand however there is great opportunity within the cricket markets.
If you don’t have much experience with the sport of cricket it doesn’t make the guide completely pointless, in fact it does the opposite. When you begin to understand the game, this guide gives you some routes to really focus on.
Cricket is here to stay, the money is growing and edges are changing.
This guide is an excellent starting point for anyone looking to trade the cricket markets.
Any negatives to report?
Honestly this guide is extremely thorough. I felt that it covered every aspect of cricket trading that I could imagine and more.
The only real negative that I have is that it is electronic and you can’t print it out.
I understand that this is done to protect the product and the information contained within it.
However some people may prefer the option of printing it out so that they can read it away from a computer or phone screen.
Are there aspects that don’t appeal?
Similar to you I think maybe the concept of it being electronic.
If you are wanting to implement this very useful tool then it’s most likely you want to run through segments whilst in the market.
This is where hard copy options really are a worth that little bit more. Being able to annotate if you are like me, or just reading through can be an advantage, but I am splitting hairs.
I stated earlier that it is well written and from the perspective of a cricket trading beginner it was jam packed with value.
There were clear strategies outlined in the guide. Perhaps more importantly there is also a lot of data shared within the guide to back the strategies up.
When you purchase the guide you don’t just get access to a trading manual but also you get the same data the author of this guide has used to successfully make thousands from the cricket markets.
You get Indian Premier League Data which is categorised into:
Ground Statistical Data
IPL 2017 ,2018, 2019 Data
Along with Big Bash League Data which is categorised into:
Ground Statistical Data
BBL 2017, 2018, 2019 Data
The guide explains how to use this data effectively to make profitable cricket trades.
What’s impressive about it?
I think first, he provides data sheets for previous tournaments namely IPL and BBL.
These are very liquid competitions that will hold relevance going forward. Secondly if you are a novice, you really do want to follow his advice on money management, and psychology. Perhaps the biggest thing to take note of was his professionalism.
This is what really sets the profitable from the unprofitable. The amount of work he does up front through using social media, to highlighting key players and devising plans.
If you are looking to be a profitable cricket trader then imitation of Mr X would be a pretty solid start.
Perhaps you are an experienced trader with a particular niche strategy?
Mr X might give you some ideas on how to scale what you are doing or open your eyes to a new strategy.
If you have no idea where to start. Mr X shows you some quick ways to get to work, giving you enough scope to develop your own set of skills.
Overall it was encouraging to see Mr X write with such openness about the edges within cricket.
I believe when a trader or novice trader buys a guide, they want to be enlightened. To expect at the very least a few new aspects to take away with them. I really believe that this cricket guide delivers over and beyond what most will expect.
After reading the guide I was very impressed with the overall depth of and quality which is provided throughout. The added confirmation of this guides quality from an experienced cricket trader (Luke) gives me no hesitation in giving the cricket trading guide a recommendation.
The guide is very affordable at a price of £45.
There is additional support after purchasing the guide along with access to a community of like minded traders.
All in all Mr X (whoever that is) has produced an excellent trading education product which is in line with the other excellent products Caan Berry has produced.
Casino games have been developed solely to make the casino money.
In the short term you might get lucky however over the long run the casino is going to make a guaranteed profit.
The exception to this rule would be poker where the casino takes a percentage of the winners pot. In poker, casino customers play against each other and professional poker has been a profession for a very long time.
Notable poker names such as Daniel Cates, Phil Ivey, Doug Polk and many more have proven that there is a lot of money to be made in the world of poker.
The other notable exception is blackjack.
Edward Thorp an American mathematics professor pioneered the technique of card counting which is still used today in certain casinos.
Thorp’s book “Beat The Dealer -a winning strategy for the game of Twenty One” revolutionised advantage gambling. The book showed a method which was mathematically proven to flip the edge from house to the player.
In this article we are going to focus on online casinos. The principle is exactly the same however it will involve using a different method to flip the odds in our favour.
Exploiting casino bonus offers along with cashback offers is a very simple and also proven method of making profit from online casinos.
Make Money From Casino Bonuses Online – What is EV?
There is a term in advantage gambling called EV.
This stands for expected value and it is used to calculate the expected profit from performing an action over the long run.
Perhaps the best way to explain this is with a coin flip example.
Okay so lets say we have a scenario where you have a friend that believes tails is luckier then heads.
They believe this so strongly that they are willing to pay you £11 every time it lands on heads. Whilst you have to only pay them £10 every time it lands on tails.
This gives you a mathematical advantage and long term this is called plus EV or positive expected value.
Choose Heads and get odds of 2.1 (real probability is 50% so odds should be 2.0)
Choose Tails and get odds of 2.0 (This is the true value of a coin landing on tails.)
If you flipped the coin several hundred times then there would a strong statistical probability that you would win money.
Make Money From Casino Bonuses Online – Flipping The Edge In Your Favour
So now lets take a look at a real example of where we can get value from a casino.
In this example I am going to use a cashback offer. This offer gave me 10% cashback on losses up to £20 on any casino games that I played that day.
This is a really good offer we you can get a good return for your money in very little time.
For an offer like this my personal choice is always to play blackjack.
This keeps the variance lower then other methods and playing optimal blackjack strategy means that the house has a very low house edge.
Playing optimal blackjack strategy with this casino gives a return to player of around 99.5%.
This means that for every £100 staked we can expect to lose only 50p per hand in the long run.
Although the distribution of results will be random. Meaning that there could be long winning or losing streaks at times.
In the long run we can expect to make a profit from this offer.
Exploiting The Offer
So the offer is 20% cashback on losses up to £200.
I play optimal blackjack strategy with the aim of doubling my money or losing it all.
If I win a profit of £200 is made.
If I lose a loss -£180 is made.
To work out the long term value of this offer we have to deduct the house edge from the amount we stake.
In this case we deduct £1 which is 0.5% of the £200 stake that is used.
Then divide it by 2 as roughly half the time we will win (no cashback) and half the time we will lose (cashback awarded.)
£200 – 1 = £19 divided by 2 = £9.50.
In the long run we can expect to make £9.50 on average from this offer.
This offer will take less then 5 minutes to do, so the return for the time spent is very good.
Staking And Risk Management For Casino Offers
One thing that is really important to remember when exploiting casino bonuses and cashback is that you will have losing runs.
Due to this you need to have a set bankroll and accept that you won’t always win.
There are different staking strategies available such as the Kelly Criterion (which suggests altering your staking depending on the size of your expected value.)
However you might just want to keep things simple and never risk more then 2-3% of your total bankroll on an offer.
This will allow you to endure losing periods.
The importance of volume
Just as an example of why it is important to put a lot of volume into plus EV casino offers and not look at things short term.
Here are my results over the last 4285 offers.
Looking at the long term graph you can see that a good profit has been made and the graph curve has generally gone upwards.
However if you look right at the start, you will see that initially I was losing money after the first 70 offers.
There has also been long losing or break even periods at times however in the long run it has been profitable.
Make Money From Casino Bonuses – Low Risk And Free Spins Offers
Probably the best entry to advantage gambling is with low risk offers and free spins.
Many bookmakers and casinos offer daily free spin offers. These offers generally have a low EV of £0.5-£1 however there are lots of these offers everyday.
It can be a good way of building up your initial bankroll and also gaining faith in the mathematics behind advantage gambling.
Whilst also getting used to the variance of results.
A good example of a low risk offer would be the one above.
This is from the Virgin Games signup offer.
Stake £10 which you can rollover on blackjack playing optimal strategy.
Get £6 in free spins to use.
The expected value of this offer is just over £5 and would take you no more then 10 minutes.
Make Money From Casino Bonuses Online – High Risk Offers
Moving on to high risk offers.
High risk casino bonus offers are not for the faint of heart and it is not something I would advise people not to jump into straight away.
When doing high risk offers you can have losing runs that will see you down thousands if things go against you.
My own casino results are a mixture of low risk and high risk casino offers.
However I only did high risk casino offers once I had already built up a bankroll doing lower risk offers and also using matched betting.
Here is an example of a high risk offer.
Deposit £100 get a £100 bonus which must be wagered 40x (£4000) and wagering on blackjack does not count.
Whilst this offer is still plus EV and worth doing in the long run.
It is higher variance as we can’t use blackjack and have to use a high return to player slot.
The long term EV of this offer however is around £25.
Having done thousands of casino offers I have had some big wins but also been through some long losing runs.
In the long run with a disciplined well managed approach there is still good money to be made from high risk casino offers.
Is This Like Matched Betting?
Exploiting casino bonuses is similar to matched betting in that it is betting with a proven mathematical advantage.
However you will not make money on every single offer, in my opinion it is more comparable to value betting.
To succeed in the long term, you need a disciplined approach.
The big advantage this has over matched betting is that the EV is currently a lot higher on average per offer.
Along with the fact that there are not as many people exploiting casino offers due to the variance involved.
Where Can I Find Offers And Learn More?
If you want to find casino bonuses you can use a site such as askgamblers.com.
Read through the terms and conditions of the bonuses to try and find some plus EV opportunities.
I still do this from time to time if a new casino emerges and the services I use don’t cover it.
The other option which is the option I use and is also how I learnt to exploit casino bonuses in the most optimal way possible.
Is to use a service such as Oddsmonkey (suited for low risk casino offers) or if you really want to delve deep into exploiting casino offers Profit Maximiser (Suited for all levels of exploiting casino offers).
The picture shows the type of breakdown Profit Maximiser will give you when looking at exploiting bonus offers.
Detailing everything from stake sizing, the optimal slots to use, estimated value of the offer and also the % of you losing your entire stake on that offer.
This service was a game changer for me and allowed me to make over £20,000 in profit from exploiting casino offers.
Make Money From Casino Bonuses – Conclusion
Making money from casino bonuses is still very possible in 2020.
The returns on your money for the time spent doing them can be excellent.
If you have the right mentality and approach then this is still a very valid way of making money online.
(This article features affiliate links. This means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I use or have used any product I review. If I recommend them it is because I believe they are helpful, useful and offer value to their customers. Please do not spend any money on these products unless you feel they will give you value or that they will help you achieve your goals.)
Its hard enough to make money from the sports betting markets as it is.
The fact that it is also a market that attracts conmen and scammers is also something that you need to be aware of.
I fell for a scam early in my betting career lets try and make sure it doesn’t happen to you.
Lets take take a look at some common sports betting scams that you need to be aware of.
Investing in a Sports Trading Fund Scam
First off I should mention that there are legitimate sports betting and trading funds.
But generally if you get approached by someone on social media looking for investment in a sports trading fund its going to be a scam.
Here is a good example of this type of sports betting scam.
It is somebody offering “wallet mangement.”
Basically what this scammer suggests is that you send them money or give them access to your betfair accounts and they will trade on your behalf. Giving you a percentage of his winnings for doing so.
So this is a bad idea for a lot of reasons.
Giving someone else access to your betting accounts or sending them money under the premise of “wallet management.”
Always puts you in a very bad position. They can just easily just keep the money and disappear or if accessing your account lose that money into there own account.
Also it makes zero sense for a profitable sports bettor/trader to take such small investment and payout so much profit. Surely anyone that is making money from sports betting/trading can increase their bankroll from the profits made.
Here is a high profile case similar to this regarding the “Betfair King” scammer.
The company was promoted by ex-Premiership footballers Steve Claridge and David Hirst it offered investors large, risk-free returns.
Investors in The Winning Express were guaranteed a 2% tax-free interest per month.
The Winning Express was allegedly run by a man named Graham Bradbury. Bradbury had previously been banned from being a company director for running a pyramid scheme.
Winning Express eventually closed in 2016.
This was a sports betting scam that left a lot of its “investors” being owed large sums of money.
I have covered affiliate betting tipsters like Badman Betting previously however tipsters such as these are still pretty prevalent in the sports betting industry.
There are tipsters out there that basically work alongside bookmakers.
They do this by sending bookmakers new customers and getting paid a percentage of their losses.
This basically gives them an incentive to provide poor value tips in order for them to get make money.
Often you will see these types of tipsters running silly challenges such turn “£10 into £1000 in 10 days.”
Another favourite is to tip big accumulators which again tend to be very poor value.
Is this an outright sports betting scam?
Maybe, maybe not?
However I don’t think it benefits betting punters and i do think its pretty unethical as I know most people that follow these type of tips aren’t aware that those providing them recieve commission on reffered player losses.
Fake Betting Review Sites Scam
Now this is an interesting one and probably one you might not be aware of.
Its a scam I wasn’t ware of until I got duped by it and then did my homework.
Last time I wrote about these guys they pursued legal action so I can’t name them exactly (don’t want to waste time/money on legal advice.)
However I can point out red flags to look out for.
I’ll start with how I fell for this scam.
Quite a few years ago I was looking on a betting review site and came across a betting product that I had never seen before. It had rave reviews and the site was also recommending a matched betting product that I was already using.
That gave me some confidence that they were legitimate.
So I bought the product and it was terrible…………………….. really really terrible.
Basically it was the martingale system on sports betting………………… and that was it.
I spent £50 for that.
Immediately I felt incredibly stupid and asked for a refund, which was denied.
Paypal wouldn’t issue a refund as it was a digital product.
After digging a bit deeper I came to realise that the review site was created by the same person that was creating these scam betting products.
I left a few comments on the fake review site to see if they would show up.
They never did.
I also went on a few betting forums and asked if anyone else had been duped by this site.
Quite a few people had exactly the same experience as myself so it became clear what this person was doing.
He was giving his own products favourable reviews on his “review site” and creating fake profiles/comments to give out the impression that they offered value and were profitable.
Then choosing to block any real feedback on the product he had created.
In hindsight I should have questioned why no other review site was recommending it?
If it was really as good as the review site made out then much like matched betting it would have been everywhere.
Sometimes you just have to learn from these things and move on.
So yeah this was quite an elaborate sports betting scam but its one to be aware of.
Buying “Fixed Games Information” Scam
“Hey bro you wanna get some information on a fixed game? £50 and it yours”
“I’m ok bro thanks.”
I still get emails/social media messages like these from time to time.
Sometimes its a dude from Africa ,sometimes Asia, sometimes Eastern Europe.
The old paying for information on a fixed game scam.
Now do fixed games in football and other sports exist?
Yes they certainly do but do these criminal syndicates that organise them go around harrassing people on social media or through email looking to sell that information.
Again just using some common sense, if you had information on a fixed game then you could make a tonne of money betting on it.
It would make little sense to go around offering that information and potentially alerting more people to the fact the game is fixed.
Learn Real Methods For Making A Profit From The Sports Betting Markets
There we have it 5 betting scams that you should be aware of.
Although there are a lot of ways to lose money in the sports betting markets it is not impossible to make a decent income with the right strategies.
If you are interested in making a profit from the sports betting markets I have written two guides to help you do so.
I have trialed and tested hundreds of sports betting tipsters and a large number of football betting tipsters. Spoken to professional sports bettors and tracked results over a number of years.
Who are some of the best football betting tipsters in 2020?
Best Football Betting Tipsters Number 1
First off lets take a look at the football tipster “Motaliz” from the betting tipster platform Pyckio.
Now Pyckio is a interesting platform as it only allows its tipsters to take odds from Pinnacle. This is very positive as the bookmaker Pinnacle does not limit or ban winning punters. Which means that Pyckio tipsters are never exploiting very soft odds at bookmakers that do not tolerate winning punters and will ban you after a week of betting.
Motaliz has made 1800 picks so far, focusing mainly on the Portuguese leagues.
He stakes a flat amount, betting one unit for every pick.
So far he has made a total profit of 151 points.
This means someone betting £100 per bet would be up £15,100
His return on investment is 8.4%
For those with a big bankroll that can afford the tips and stake at least £50 per point or above, Motaliz is an excellent football betting tipster.
In 2019 after 243 bets the service is running at a 3.84% return on investment.
Which may not seem great, however Banker Bets Value Picks records odds very fairly at the average odds available when sent. This means that you almost always be able to beat the odds quoted, for example if you had followed this service from the start of 2019 you would most likely be looking at a return of investment of 5-6%.
Again Value Picks is suitable for those working with a smaller bankroll.
You can get your first month for £6.75 and then further months will cost £27 a month.
This service is easy to follow with bets usually being sent early on in the morning. The odds quoted are easy to achieve and the man behind the service John Baker has a great track record as a profitable football betting tipster.
I have noticed that decent offers have started to dry up on the casino front.
Alongside bonus terms just getting outright ridiculous such as 50x wagering on free spins with a bonus cap of £20 becoming the norm.
Annoys me quite a lot that casino’s can send out “bonus offers” with such terrible terms luring problem gamblers back. Feeding their habit with what is basically play money to entice them to come back.
Subscription Cost – £9.60 a month (Annual Subscription)
Sports Betting Results
The second half of the year has basically seen my betting results hover at breakeven.
In 2019 I made a total of 284 bets so a breakeven period over a 100 bets or so isn’t the end of the world.
Going into 2020 I don’t think I need to change my approach. If things don’t improve in the next 250 bets then I will probably take a deeper look at my overall betting strategy.
In December I made 25 bets in total.
A total profit of £114 was made.
Trade On Sports
Trade on sports really hit the ground running in December.
It has proved to be a really good investment after a few rocky months early on.
Lets take a look at the results from the 3 systems that I follow.
Staking between £50-£100 per selection
Tennis Results – 0 selections in December, Tennis betting will resume in January.
NFL Results – 34 selections a profit of £505 was made.
Inplay Football Results – 14 selections a profit of £514 was made.
December saw a new addition to the portfolio in the form of FTS racing.
I do a lot of research when looking at adding anything to my overall betting and trading portfolio.
Obviously the most important thing is results however I also place a big emphasis on how people market there services.
I like long term numbers, winning one day out of 12 and shouting about it on twitter doesn’t do it for me.
Writing “boooooom” every time you win a bet but forgetting to mention the 12 losing bets/trades that came before it isn’t great. Launching a new service every 3 months to replace the losing one you just got rid of also doesn’t cut it.
FTS much like Trade On Sports does none of the above. There is no bulls*** marketing which is what I like.
There are two things that I need to see when joining a service.
Show me that it makes money long term
Show me that you have a decent sample size which indicates that your results are more then just luck.
Alright take my money.
I started recording every bet placed initially but then changed half way through the month to documenting daily profit instead.
This was to cut out time.
Its all bet as SP and FTS themselves record all bets so it just saves a lot of time.
FTS Racing Results – £603
I didn’t do a huge amount of trading in December.
In December I decided to be more social then usual meet up with old friends and see family.
When you spend a lot of time working by yourself in front of a computer all day you miss out on the day to day socialising of a “normal” job.
So I decided to take a lot more days off in December and relax.
To be honest I also spent a lot of time playing computer games which isn’t the most productive or social thing to do.
Mario Kart is pretty sociable though so that kind of counts I think.
I did catch one decent trade in December on Leicester.
In December I made a total profit of £379.
Matched Betting – Sports Offers
Advantage Play – Casino Offers
Trade On Sports
Total Made In December
Overall Profit Since The Challenge Began
Happy New Year to everyone that reads the blog.
Appreciate it and I hope 2020 brings you success in whatever you do.