4. Withdraw your money and wait for your cashback to be credited
Breakdown Of The Offer
Wager £25 on blackjack 99.5% rtp = -£0.13 (On average you will lose an estimated £0.13 long term from wagering)
Get £30 Cashback – -£0.13 For wagering
Expected Value = £29.87
Other Casino Offers
There are a couple of other offers that worth doing on the Top cash back site. For these offers use exactky the same strategy as the one employed above.
Youtube can be a great source of educational videos, if your looking to improve your sports betting then this plenty to get stuck in to.
In today’s article we are going to look at five of the of the best sports betting Youtube channels. Which can really help you improve your sports betting and increase your profits.
Top 5 Youtube Sports Betting Channels
Trademate Sports
First up is Trademate Sports one of the early pioneers of sports betting content on Youtube. Trademate’s channel features a variety of videos covering all aspects of sports betting.
My favourite sports betting videos on the Trademate channel and the ones I think that offer the most value, are their interviews with pro sports bettors.
Over the years Trademate have interviewed several sports bettors that have made millions in the world of sports betting. Some from Europe and others from the USA.
Whilst they won’t give single little detail of the their operation and give away every little edge. Their is still a lot of value to be found in these interviews.
Covering such subjects as:
Their approaches to betting
Staking approach
Finding new edges
Getting bets down after being limited
Scaling their sports betting operations.
These interviews give an excellent insight into the way a high level sports bettor think and what it takes to achieve success.
One of the founders of Trademate is Jonas Gjelstad. Jonas is a pro sports bettor who managed to turn £10,000 into a £1,000,000 inside a year.
Unfortunately Trademate isn’t as active as it once was, however it still worth a look through.
Below are some of my favourite interviews with high level sports bettors that i would recommend.
Next up is a channel that might not be familiar to many of you. Most likely because this is a channel that is made by the very successful Portuguese bettor Paule Rebelo, as such the channel is in Portuguese.
The good news is however that many of the videos are subtitled in English. Which makes them very watchable and a great source of education.
One of Paule Rebelo’s entertaining characters
Paulo Rebelo is a football bettor/trader who focuses on using the platform Betfair to make his money. His videos are very well put together, entertaining and always offer some value.
If you are looking to learn more about trading football on Betfair. Then this is a channel that is well worth your time.
Rebelo covers serval different football betting strategies. Alongside his own betting philosophies and covers how to approach trading on football correctly.
Coming up third on the list is Bet Angel which is run by Peter Webb. Much like Rebelo, Webb is a trader/bettor that focuses on using the exchanges.
Whilst Rebelo sticks to trading/betting on football. Peter Webb produces videos covering several different sports.
Football
Horse Racing
Tennis
Webb’s channel features multiple different strategies, trading philosophy and educational videos. Whichever sport or strategy that you are looking at. It’s very likely that the Bet Angel channel will have something that can help you improve.
The Smart Betting Club podcast and Youtube channel have taken over from where Trademate left off. Interviewing many of the worlds top sports bettors.
Their focus is mainly on sports betting tipsters and they have several videos on the channel detailing how to find good tipsters. Along with many of the key factors you should when deciding to follow a tipster.
Historical Results And Proofing
Are Odds Attainable
Liquid Markets
If you are looking at using tipsters as part of your betting portfolio. Then taking a look through the Smart Betting Club’s Youtube channel is certainly a good option.
Caan Berry
Last on the list is one of the most active sports betting Youtuber’s and that is Caan Berry.
Caan has one of the longest running sports betting channels on Youtube. His videos always tend to be of a high quality with very good production values.
Videos on the channel tend to be a mixture of entertainment and education. Featuring sports betting startegies such as matched betting, value betting and Betfair trading.
Caan’s main trading focus is on horse racing and their are multiple videos on him live trading and giving advice on strategies in this area.
There we have 5 of the very best sports betting Youtube channel around.
Here at Smart Sports Trader we also have a Youtube channel covering all aspects of sports betting and football trading. Below is one of the most recent videos which details how to make over £100 a day from sports betting.
October was a pretty frustrating month in betting terms.
Seemed to be cursed by the MMA betting gods at the moment. Had two freak injuries go against TJ Dillashaw dislocating his shoulders seconds into the fight. Then the week after Calvin Kattar blew out his knee after one round.
This capped off a month where betting wise it just didn’t go to plan.
Let’s dig into the results from Month 67 of the challenge!
Value Betting/Pre Match Trading
Value betting went much better then I imagined it. Checking these results at the end of the month and a strong profit was made.
Overall there were 296 value bets and trades made.
A total profit of £2008
The world cup is coming up in this month, which may mean a decline in value bets. Will depend on how active bookmakers are with their boosts during the tournament. Sure there will still be plenty of opportunities.
Not Familiar With Matched Betting Or Value Betting ?
Not much worth noting down for October. I don’t have the inclination to grind smaller value offers anymore and not getting many higher value reload offers. There were only 2 casino offers that I completed in October.
As mentioned in the introduction it does feel like things are going against us at the moment with freak injuries costing us two bets. Overall I don’t think there is too much to worry about, this is betting. Sometimes you have to accept you can’t always be the hammer and being the nail is inevitable at some point.
Along with Kieran Ward I also bet my own selections based on market movement in the morning markets.
As you can see from the graph it was a pretty flat month overall.
A loss of -£31 was made from horse racing bets.
FTS Systems
FTS is a subscription service that offers a wide range of data to help you develop profitable betting strategies. It is a run by professional bettor Ian Erksine.
Currently I am running 4 season long strategies (I added a new strategy this month).
One strategy focuses on laying the draw, the second strategy is goals based backing under 2.5 and 3.5 goals. The third strategy is again a lay strategy on the match odds markets based around form. Strategy number 4 looks at backing higher odds and is again based around form.
A loss of –£699 was made in October. (Which oddly is exactly the same amount I made last month but in profit from FTS)
Getting butchered on the under 2.5/3.5 goals strategy is what did the damage this month. The lay the draw strategy amazingly didn’t lose at all. This is laying at odds no greater then 3.5 either so it was on a pretty impressive run.
Despite the losses, these are season long strategies so won’t be making any rash changes based on results this month.
In-Play Betting (Football and UFC) And Misc Bets
Didn’t do a lot of in-play betting on football this month due to work commitments and spending times with the kids at the weekend. The World Cup this month though this month will likely offer the opportunity to do more in-play trading.
Overall a loss of -£568 was made this month
Results For October
(Graph should say daily Profit/Loss)
Value Betting – £2008
Casino Offers – £160
MMA – –£1180
Horse Racing Tipsters – –£31
FTS Income – -£699
In-Play Betting/Trading And Misc – -£568
Total Made In October
-£310
Overall Profit Since The Challenge Began
£161,942
Thoughts Going Forward
Not going to cry over a small losing month. This year betting wise has been the best one from recent memory.
Happy with all the strategies that are being used. I may look int to getting a few more soft bookmaker accounts up and running in near future. Solely using the betting exchanges at the moment but even though setting up new accounts can be a hassle.
At the end of the day its money left on the table.
In this article we are going to take a look at the different type of bets you can make in the American horse racing markets.
There are generally two gambling options for horse racing bets, depending on how daring you want to be. Most bettors prefer to stick with straight bets with lower odds, while others would instead opt for exotic bets with higher odds.
In this guide, we’ll discuss the various gambling options that can help you make better decisions and bet like a pro at some of the best horse racing gambling sites.
Straight Bets
There are a couple of exciting gambling options under the straight bet types. It is also a standard player option because it’s easy to understand. It involves choosing a horse and gambling on it to come in first, second, or third.
Win Bet
The simplest on the list is gambling on your horse to win the race, which has the highest odds too. So if your horse wins the race, you win the bet and cash your ticket.
Place Bet
This option is similar to the win bet but throws more weight behind your winning chances. Hence, you are wagering on your horse to finish first or second. The odds here are lower than the win bet, though.
Show Bet
Show bets offer the lowest odds among the three options. Once you choose a horse, you wager on it to come in first, second, or third. The additional possibility increases your chances of winning and reduces your odds.
Across the Board Set
Think of this as a combination of all the gambling options above. So when you bet two dollars on the number three horse across the board, it means you’ve placed a bet on it to win, place or show on a single ticket.
The total bet will be worth six dollars since you’ve made complete bets on three scenarios. You can combine them differently, such as win/place, win/show, etc. Each combo will cost you a separate bet but will be on a single ticket.
Exotic Bets
Exotic wagers differ from straight ones because they allow you to bet on multiple horses in a single wager. However, the combination means you’re up against more difficult odds because it’s more complicated to win than straight wagers. Asides from taking more weight off your pocket, they also require advanced knowledge of horse racing.
The good news is that you get much greater odds, so it’s a game with higher risk and rewards. There are two types of exotic bets; horizontal wagers and vertical wagers.
Horizontal Bets
Think of parlay bets when you see horizontal wagers because you get to select winners of consecutive races before the first race series begins. There are different combos here too, which include Daily Double, Pick 3, Pick 4, and others.
Daily Double
This variation of horizontal bets allows you to pick the winner of two consecutive races before the race starts. So if you like the number one horse, you can want it to win the first race, then choose another to win the next race; you can also select number one to win both races if you believe it can.
Pick 3
Pick 3 is similar to the Daily Double variation because you have to select the winner of consecutive races, but this time, three races ahead. Again, ensure you know the minimum wager your gambling site provides.
The parlay system here differs from conventional ones because you aren’t required to make multiple bets on multiple outcomes. For example, instead of gambling$3 on a parlay bet (with three variations) with a minimum bet of $1, you can bet $1 on the winner of all three races.
Pick 4
Pick 4 is a four-race parlay equivalent to three race parlays discussed earlier. So you have to pick the winner of four consecutive games before the first race. Each combination will cost you the same amount. It works the same way for the Pick 5 and Pick 6 gambling options.
Vertical Bets
Vertical wagers allow you to use select the finishing order of a race. Like horizontal wagers, it starts from two (Exacta) to three (trifecta) and four (superfecta). Exotic vertical gambling options like Exacta, Trifecta, and Superfecta are designed to help the handicapper to select an order for multiple horses, but they can either be straight or boxed.
Exacta
To win on Exacta bets, you must correctly choose the order in which the first two horses finish the race. You will identify which horse will take the first position and finish second.
Trifecta
To win on Trifecta bets, you must correctly choose the order in which the first three horses finish the race. For example, you will identify which horse will take the first position, which will finish second, and the horse that comes in third.
Superfecta
To win on superfecta bets, you must correctly choose the order in which the first four horses finish the race. For example, you will identify which horse will take the first position, which will finish second, the horse that comes in third, and the one that finishes fourth.
Boxing Exotic Bets
Boxing bets are not types of bets but strategies you can use within several kinds of bets. It gives you an alternative to box the order of the horses, so you don’t have to worry about the specific order. Here, they have to finish in either the top 2 (Exactas Box), top 3 (Trifectas Box), or top 4 (Superfecta Box).
Quinella
This gambling market is a special option that fits into the boxed exotic categories. It allows you to choose which horse finishes first and which comes second without considering the order. So you can wager a two-horse quinella and get the same features as a two-horse exacta box bet. The difference is that a quinella is a single game, so you can play a two-dollar quinella for two dollars, while a two-dollar exacta box costs four dollars.
Conclusion
Whatever type of bet you are looking to make. Making sure you have a solid sports betting staking strategy is going to be key.
After a fairly disappointing June, did things rebound in Month 64 of the “Making A Million Challenge!”
July overall was another quiet month betting wise but things picked up at the end of the month with lower league English football returning.
Another highlight of the month was seeing the England women’s team win the Euros. The women’s game gets quite a bit of flak but I really enjoyed it. You see way less play acting and general shit housing, it was refreshing to see players get hit with a hard tackle and then just get up.
Generally they just seemed like they wanted to get on with playing football.Rather then use every little physical altercation as an opportunity to get teh opposition carded.
It highlighted really how pathetic a lot of male footballers are in the modern game. How rolling around pretending to be hurt just became an accepted part of the men’s game. I will never understand the decision to let it become an accepted part of the men’s game.
Seeing grown men, who are role models for millions of children act this way again just seems really pathetic.
Anyway enough rambling, let’s dig into the results.
Value Betting/Trading
Still a fairly quiet month for value betting.
The women’s Euros did throw up some selections, as did the UEFA qualifiers. Had a quite a few bets in the MLS and some of the summer leagues also.
August will see things ramp back up however with the return of major European leagues.
In total there were 135 bets made.
A total profit of £811 was made.
Not Familiar With Matched Betting Or Value Betting ?
Very small amount of casino offers done this month. There is much more that I could be doing here. In honesty it’s just a lack of interest on my part to grind casino offers at the moment.
It was an improved month on the MMA betting front.
Felt like the things had been going against us the last couple of months. The misfortune which was Tom Aspinall breaking his leg 15 seconds into his main event fight against Curtis Blaydes. Gave us some profit in what I expected to be a competitive fight.
So the MMA betting gods seem to shining some favour our way again, Praise Odin!!
A profit of £575 was made from 15 bets.
Horse Racing Tipsters
Pretty sure last month was the worst month on record for horse racing bets.
It was pretty much a month of consistent losers and gave back much of the profit made since Beth Bet folded.
The current racing tipster portfolio consists of 3 tipsters.
Hansbury Racing was the big loser this month . It really struggled to hit much this month and has been giving back most of the profit it previously made.
Overall a loss of -£1025 was made from horse racing.
Golf
My venture into the world of golf betting might be coming to an end soon. It’s been 11 months since I started golf betting and after last months results the overall graph is standing at -£25.
There has been some missed bets and using the exchanges only means that there isn’t the advantage of extra places. However I am starting to feel like my time might be better spent elsewhere.
In July a total of -£257 was lost betting on golf.
FTS Systems
This month I got the chance to delve into the data that FTS Ultimate provides.
It’s been really interesting getting a chance to look at the historical odds data and models that you get with FTS. I have had theories about strategies that might work long term, in the past.
“Yes I knew I was fucking right!” or “Ah balls I really thought that would work!”
Actually getting to confirm whether that is true or not with actual data is really rewarding.
Pretty excited to see how this goes in the long run. The fact that it looks possible to have winning strategies in high liquidity markets. Where I don’t have to worry about bookmaker limitations is very appealing.
From FTS Ultimate I have developed 6 systems that I am pretty sure will win long term.
For this season I will stake pretty conservatively at £50 a point.
Going forward there will be a lot more selections but this month there were 8 bets.
A loss of -£137 was made.
Misc
Misc includes profits or losses made from anything that is noted down on the previous headings. This is usually from following from bets from free tipsters. That I don’t individually record.
The online gambling industry grows changes every year.
Now, it is possible for almost anyone of legal age to access an online casino wherever they are. However do online casino’s actually represent an opportunity for making money online.
Global statistics display that up to 26% of the world population are gamblers. This percentage amounts to about 1.6 billion gamblers and about 4.2 billion people who gamble at least once per year.
Despite there being such a huge number of gamblers, there are only about 5% of bettors who make a profit from most of their wagers. This number, of course, translates into over 90% of people who lose big time in the gambling industry.
In this article we are going to take a look at 3 ways to consistently make a profit from online casino’s.
How To Win Online Casino Games: Top 3 Tips
The first thing that you need to understand if you want to make money from an online casino, is that you need an edge. An edge is something that flips the casino’s advantage to the player.
Most commonly an edge is found through using a casino’s bonus program, cashback or free spins. All of these can flip the edge that the casino normally has to the player.
You don’t need a lot of money to start doing this either. Today, there are a lot of low deposit casino offers such as these $5 minimum deposit sportsbook sites on the internet. Most of these sites offer players bonuses for making a deposit.
Choose A Reputable Casino With No Restrictions
Before we get on to how to make consistent profits from an online casino. The first thing you want to do is make sure you choose a reputable casino site to open an account with. There are thousands of online casinos to choose from, so it is not easy to make a choice. However, there are some factors to consider that will help you make the right choice.
Before choosing a casino, you must consider factors like Licensing, Customer Service, Bonus Offers Available, and Website Design/Responsiveness. Today, there are so many illegal casinos that operate online, and some of them scam gamblers.
So it is important to do your due diligence and research the casino you open an account with.
Tip 1 – Utilize Casino Bonus Offers
Bonus offers are one of the remarkable features of gambling online. Moreover, a wide range of online casinos provides profitable bonus offers. What makes it more interesting is the numerous money-making strategies available to earn from these bonuses.
These bonus offers can bring consistent profits for gamblers if utilized properly. Most casinos offer these bonuses as a marketing strategy for attracting new users. However, you must also be careful, as some casino sites offer ridiculous bonus terms.
In most cases, casinos offer high wagering requirements for withdrawal of winnings made with bonuses or even a high withdrawal limits. While searching for a casino with a good bonus offer and reasonable terms, you should utilize these bonuses to extend your betting time and reduce the direct usage of your real money deposits.
Most casinos offer welcome packages for new players; however, there are also VIP programs and rewards for returning customers on the site. From free spins, no deposit bonuses, and other promotional offers, you can take advantage of these bonuses to get yourself acquainted with the major games and even stand a chance of winning without using real money.
Tip 2 – Use Cashback Sites
One of the easiest ways to make money from an online casino is through using cashback sites. In the video below I explain exactly how to do this and lock in £58 profit in under 10 minutes.
Using cashback sites and wagering using casino games that have a very low house edge. Is a great way to make some consistent profits from online casino’s.
A great method to improve your profit in casinos is to understand the rules of casino games and the major strategies involved in playing them. Without any doubt, most casino games are luck-based; however, you need to understand the rules to maximize your winning potential.
In most cases, it is advisable to check the RTP (Return To Player) of a game before playing it. The value of a game’s RTP typically represents how often a gambler can win and how much they can get from the lost wages in the long run. Thus, it is advisable to go for casino games with a high RTP when exploiting a bonus.
Casino games with low house edges like Blackjack, Baccarat, Online Slots, and Video Poker games that should be looked when you have a wagering requirement to get through.
Though most casino games are easy to understand, most of them take a while to master. So, as a gambler aiming to make a profit consistently, you must carefully understand the rules and how to play the games well.
In most casino sites, you can start with the demo editions of these casino games to understand gaming concepts before making use of your real money.
Extra Tips For Winning At Online Casinos
Other than the three methods mentioned above, there are other ways to improve your profit from online betting at casinos. In this section of this article, we will look at these tips and how you can implement them.
Find Suitable Banking Methods
Online casinos offer numerous payment options, from wire transfers to credit/debit cards, e-wallets, and other mobile banking methods.
Though there are numerous payment options, you should be careful about transaction fee’s eating into your potential profits.
Today, some of the best payment methods in casinos are e-wallets and cryptocurrency. Though some e-wallets also incur costs, most cryptocurrency transactions are free and instant.
Quit When You Have A Bad Day
Even with the advantage of a bonus, cashback or free spins. You will still have losing periods.
If you feel annoyed or stressed and perhaps start gambling without the advantage on your side. It is advisable to step away and regroup for another day.
Best Casino Games For Profit
It is well known that in the gambling industry, the casino always wins (unless you are playing with a bonus.). However, some games with a low house edge will allow you to profit when you are given favourable terms.
While playing these games with the right terms, a gambler stands to make more profit and even beat the houses in the long run. Now, let us look at the most profitable games for gamblers in online casinos.
Blackjack
Blackjack is one of the world’s most popular casino games and one of the most profitable for players. With a low house edge of about 1%, a player stands to make more profit from the game than the house. Thus, players are likely to bag huge wins from this game. Though Blackjack relies on luck, it is partially skill-based, as there are some strategies that players can utilize to maximize their winning rates.
Known for being one of the oldest card games, Blackjack is available at almost every casino online. From the European Blackjack to the Classic Blackjack and Spanish 21, there are numerous game editions for players to choose from.
Baccarat
Baccarat is a casino game that completely suits high rollers; however, its profitability makes it one of the best casino games. Aside from being the oldest card game, Baccarat features a relatively low house edge of about 1.06 to 1.24%, so players stand a chance of winning more.
Of course, the statistics above don’t guarantee that you will win every Baccarat game, as it is a luck-based game. However, you stand to make a profit with this game, especially in the long run. Though there are some similarities between Blackjack and Baccarat, some differences set them apart, especially in their rules.
Slot Machines
Slot machines are one of the most fun-packed games in the history of casinos. Though there have been a lot of speculations regarding the credibility of slot machines, it remains one of the safest casino games. Moreover, all results from slot machines are from RNG (Random Number Generator) software. As a result, every draw produces a unique set of results that are not rigged.
The slot is the most luck-based casino game, but it guarantees a lot of profit to players, so there is always a chance to win big. There are a lot of slot titles in online casinos. Today, some casinos feature over 1,000 slot games, and many game providers still publish new titles every year. Slot games are always themed, so they often captivate players and present a fun environment while creating a platform for profit.
Live Poker
Poker is one casino game that needs no introduction, as it has a deep history in the industry. Like most games, you improve in poker with the more hands you play. Unlike online poker, where there is an average of 100 hands per hour, live poker gets around 30 hands per hour on live tables.
Though this creates more room for growth in online poker, live poker remains an easier option. Thus, it is easier for players to bag wins in live poker. In some cases, live players tend to be loose, creating chances for careful players to excel and bag huge wins.
How To Improve Your Overall Gambling Experience In Online Casinos
Following the advent of modern technological innovations in casinos, gambling can be a fun-packed experience. With that in mind, it becomes even more difficult to control yourself amid these technologies. However, it is always advisable to stay conscious, as excessive gambling can lead to addiction.
Approximately 3 million adults in the United States have serious gambling issues. Of course, there is also a large percentage of young adults who face these gambling problems. With the statistics above, you can only imagine the number of gamblers who have these gambling issues on a global scale. Gambling is always a fun experience; however, once done excessively, it becomes a major problem. Using responsible gambling tools is an excellent way to keep your gambling habit in check.
With these tools, you can always limit your gambling sessions to control yourself and the urge to continue gambling. Most online gambling sites offer a wide range of tools that enable gamblers to keep their gambling habits in check. You can consider taking these responsible gambling measures at the slightest detection of potential gambling addiction.
Conclusion
There is so much involved in making consistent profit from online casinos. You have to choose a reliable casino, utilize bonus offers, use the right banking methods, and consider responsible gambling measures.
Few innovations in sports betting have been as revolutionary as live betting. The ability to place a wager on the action happening before us has been a boon to many punters, although it needs to follow an effective strategy.
While most sports offer live betting these days, football remains the big draw. As a result, you’ll find 100s of in-play markets, particularly for big matches in the Champions League, Premier League and Europe’s other top divisions.
But when it comes to a live betting strategy, is there anything about that medium that gives us a particular advantage? And, on the other hand, are there any pitfalls?
The answer is yes and yes.
To be clear, we want to look at the emotional side of live betting here, how it makes you feel about placing a bet.
React to shifts in momentum
Starting with the advantages, we can say one of the fundamental benefits is that it allows you to react to shifts in the momentum of a game. We have all been there before where we have backed a team fully convinced that it will win, only to see the players really off it as soon as the game starts.
Want an example?
Look no further than the 2014 World Cup Semi-Final between Brazil and Germany. Pre-game, Brazil were clear favourites to win the match in front of tens of thousands of home fans at the Maracanã Stadium, but within minutes we knew something was wrong as the Brazil players looked visibly shaken.
Final result? 7-1 Germany.
The point is that live betting is a gift in situations like that where you can pinpoint what’s happening in front of you is not reflected in the odds.
Ask yourself this question: How quickly could bookies react to the debacle in the Maracanã? Not quick enough.
Of course, a football match that took place eight years ago is just one example. But within games, you often get mini-shifts in momentum, a sense of inevitability that the match is going to turn on its head. The stunning shift in momentum when Liverpool beat Barcelona 4-0 (coming back from a 3-0 aggregate deficit) in the Champions League in 2019.
If you want a more recent example, how about when PSG fell apart against Real Madrid last month? A 17-minute hat-trick from Karim Benzema may have stunned pundits at the time, but you could see the PSG defence was all over the place. For some, the Madrid comeback felt inevitable.
Live betting can be emotional
So, what, if anything, represents the pitfalls of live betting on football? Well, for a start, those shifts in momentum can be deceptive at times. Moreover, they can make you doubt your previously concrete assessment of an event. All football games ebb and flow, even when stronger teams play weaker ones.
The point, as such, is that live betting can sometimes lose the courage of your convictions. It might sound like a cliché, but good teams often win when playing badly. Quality players will have moments that determine the outcome of a game, even if things aren’t going well around them.
Manchester United have made a habit of this in recent years. Yes, they have become a laughing stock among rival fans. But objectively speaking, they have achieved good results when playing badly.
Perhaps the most significant pitfall of live betting is that it’s too emotional. By that, we mean you are going to experience a range of highs and lows during a match, particularly when you have money riding on it. Everyone knows that you bet better with a cool head and live betting allows you to reach instantly: if it’s pulling on your emotions, then you might not be following the best path.
Of course, whatever you do with live betting, you should remember to always keep in mind the strategy you have set yourself beforehand. It’s all too easy to keep tapping the bet now button when watching a game. It should be fun, not stressful.
So bear that in mind the next time you bet in-play.
How to pass bookmaker KYC and source of wealth checks.
In this article we are going to take a look at what you need to pass bookmaker know your customer and source of wealth checks.
Why do they happen?
What documents do you need?
How can I pass customer KYC checks?
If you have already started matched betting or happen to be making a decent amount of money from your sports betting.
Then it is likely you will have come across the know your customer checks.
You may also have been unlucky enough to also be asked for a source of wealth check.
In a recent video Caan Berry pointed out the increasing nature of these checks and also how they are unfairly used.
Whilst bookmakers are supposed to use these types of measures to identify problem gamblers and stop money laundering.
Often they are used to hamper and annoy bettors that have figured out a way to profit from the bookmakers.
They are being used as a way to deter profitable punters from playing at that site.
Rather then identifying problem gamblers or people that are money laundering.
Bookmaker KYC Checks – Why Do They Happen
Know your customer checks are in place to make sure the person opening and using the account.
Is actually the person they say they are.
These are regulations that a bookmaker needs to adhere to in order to operate.
In order to verify who you are. Bookmakers will often ask for some personal information when you sign up.
You will normally need to provide your –
Full Name
Date of Birth
Address and postcode
Mobile Number
To further back up this information you will also normally be asked to provide one form of ID.
A passport or driving licence is the most commonly used form of ID.
Along with some form of proof of address such as a bank statement, electric or water bill dated within the last 3 – 6 months.
Whenever you open a bookmaker account you should make sure you have these documents in order to make a withdrawal.
Most of the bigger bookmakers have an area on the site where you can upload your documents. Some will request that you email the documents to their risk team.
Normally this is a pretty simple process and your account will be verified within a couple of days.
Some bookmakers can also verify you electronically using the electoral register. In this case the bookmakers will not ask for additional documentation.
Source Of Wealth Checks
The second type of check that bookmakers can carry out is the source of wealth check.
This is a little more intrusive and sometimes bookmakers will ask for information regarding your job title and how much money you earn on a early basis.
Usually this is done when you are depositing and withdrawing large amounts of money.
For example if you are depositing and withdrawing tens of thousands of pounds on a weekly basis, then you can expect a source of wealth check.
In order to pass a source of wealth check you will need to provide some proof of earnings.
For example wages slips or bank statements which show a consistent income.
Bookmakers abusing source of wealth checks.
Something to be aware of however is that some bookmakers misuse source of funds/wealth checks.
This isn’t the case for all bookmakers but it does happen.
Recently I had a bookmaker ask me for unredacted bank statements and proof of earnings when I wanted to withdraw less then £50 from my account.
On this account I had bet only a few hundred pounds over its entire lifetime.
So it hardly qualified for a source of wealth check and the request was very unreasonable.
Money laundering and identifying problem gamblers are the reason behind this legislation.
However as you can see from the emails above. Bookmakers sometimes use this type of check to identify and deter winning bettors.
So whilst you should not expect a source of wealth check unless you are depositing and withdrawing large amounts of money.
Be aware that some bookmakers will still try to delay withdrawals by asking for more information then they should.
Problem Withdrawing From Bookmaker?
If you feel a bookmaker is abusing these checks.
For example withholding a withdrawal of £30 and asking for source of wealth checks, asking for selfies holding your id and notarised documents etc.
You can also copy them into your emails when you correspond with which ever bookmaker you are having issues with. This then notifies the bookmaker itself that you are involving the UK gambling commission.
Another option is to use the website Resolver and initiate a complaint.
Resolver will contact the bookmaker itself and try to resolve the issue. Then send your complaint on to the Independent Betting Adjusdication Service (IBAS) if the issue is still unable to be resolved.
Conclusion
For the most part KYC checks are a very easy procedure. In over 10 years of betting I have only had one issue with a source of wealth checks.
Whilst the checks can be an annoyance and seem intrusive.
There is a still a decent amount of opportunity to make money from the sports betting markets which make it worth while.
One of the simplest and most effective ways to make money is from matched betting.
If you want to learn how to do this for free our recommendation is Profit Rush.
This year started strong with January and February showing decent profits.
The sporting schedule is jam packed at the moment, with Euro 2021 this summer its going to be an interesting year.
During March we had Cheltenham festival which in previous years had been very profitable.
March brought me to exactly four years of running this challenge.
Although still far away from the £1,000,000 target it does show that having a few solid strategies does pay off in the long run.
Let’s take a look at results from March.
Value Betting, Matched Betting And Arbitrage
This month saw the Cheltenham festival which a few years ago was like Christmas for matched bettors. There were offers all over the place. Online and in shops, there were people that would make thousands of pounds in profit from Cheltenham when I first started.
Well I got crushed this year.
There were some decent offers available with Speadex in particular running a nice offer.
However I chose to value bet everything. Rather then cover the other side on the exchanges, in the hope that I would trigger a free bet.
A slight recovery was made at the end of the month.
But overall March was a pretty flat month for this set of strategies.
In March there were 407 bets.
A total profit of£157was made.
Learn About Matched Betting And Value Betting Below
The second month in a row were volume was pretty low.
A few recurring offers were not running such the “Double Your Winnings” offer that Bet365 normally run.
Only got a few cashback and reload offers.
So overall things were pretty quiet on the casino offers front.
Again this month I didn’t branch out and actively look for new sign ups, however it does seem like there has been a reduction in decent offers the last two months.
Hopefully things pick up in April.
There were 61 offers completed in March
A total profit of£371 was made
Sports Betting Results
It was my own sports betting results which saved this month from being a pretty poor.
I continue to run well betting on MMA and was profitable with some in-play betting on football this month.
During March I made a total of 20 bet.
A total profit of £983 was made.
The Basketball Geek Results
March will be the last month of following the Basketball Geek.
Whilst it has been profitable following his selections.
He seems to be focused almost exclusively now on very small leagues.
Betting on women’s Russian basketball, Senegal basketball and Polish second division is going to burn accounts pretty quickly.
This month I did try following only the larger league selections and matches that were available on Betfair.
Managed to build up a decent position on Francis Ngannou pre fight in his fight against Stipe Miocic. The idea was then to reduce my liability after round 1. Then completely exit the trade after round 2 were he was likely to start slowing down.
Ngannou put on a spectacular performance and ended up finishing the job in the second round via knock out.
Overall a total of £432 was made from trading.
Thoughts Going Forward
This year has got off to a great start, if things continue this way it looks like I could get over £30k in total profit made within a year.
Which would be a nice mile stone to get over.
Although things can change very rapidly in betting and a few poor months could make that look pretty unrealistic, time will tell.
There will be a new addition to the portfolio next month.
Which will be Neil Macdonald’s football picks.
Been tracking these since the 17th of February and also using Neil’s picks from Betmarkets for a while.
He tips in major European football leagues which have big liquidity.
So unlike the Basketball Geek odds don’t get hammered in minutes and I can use the sharps/exchanges to get my bets on fairly easily.
His long term record is excellent.
So I do think that going forward this will be a profitable addition.
In this section is a list of the services that I have used this month. To be transparent I do have affiliate deals with these services.
Which means should you subscribe to them through a link on this site I will receive a commission.
This does not come at any additional cost to you. In fact with some of these services I have negotiated discounted prices for readers of smartsportstrader.com.
Recommended For Matched Betting/ Value Betting/ Arbitrage
Subscription Cost – £12.50 a month (Annual Subscription)
If you comment “Smart Sports Trader” in the chat when you sign up for a Trademate Sports trial. You will get an extended two week trial and also a 10% discount off your first month.
It’s been a good start to 2021 on the betting front.
Nearly everything made a profit and I continue to run well on casino offers.
Not much else to add really, with lockdown things are pretty boring but having betting stuff to do on a daily basis keeps things ticking over.
Let’s take a look at the results from the first month of 2021.
Value Betting, Matched Betting And Arbitrage
Last month was a losing month for this set of strategies and value betting especially struggled again early on.
I do very little matched betting now apart from Bet365 offers and a small amount of arbitrage.
Which is much less now as the account I was mainly using for arbitrage has put a loss limit of £200 a month on my account.
This bookmaker normally gives very small arbs which I had been happy to take. However now I can only stake £200 for example on a 1.33/1.32 arb. Which is pretty annoying especially if it loses and I have to leave the account alone for a month.
My hope is that this does not becoming the norm for sports betting in the UK.
So its pretty much 90% value betting at the moment which opens you up to variance.
The upswing at the end was due to winning a 2up bet on Kilmarnock (This is when Bet365 pay out if a team leads 2-0, if the team blows the lead which Kilmarnock did you get paid out on both your win bet and lay bet.)
The casino Gods were kind again this month despite a drop in volume.
I do feel like I am running pretty well at the moment with casino stuff and imagine that a correction will happen in the near future.
However when the good times come you have to enjoy them.
There were no major wins this month, just a few similar to the one below which all added up at the end of the month.
During January I did 101 casino offers.
A total profit of £1007 was made.
Sports Betting Results
January was a really good month for my own personal sports bets, which focus mostly on the MMA markets.
Again I felt like I got some good luck this month.
Split decisions went my way and a few prop bets with big odds came in.
In total there were 22 bets in January.
A profit of £858 was made.
The Basketball Geek Results
I like the Basketball Geek but it is becoming harder and harder to get close to the quoted odds.
The Basketball Geek sends selections at 8.00, I am normally betting them within 10 minutes at most but it does not seem quick enough at the moment.
Going to continue with this tipster because results have been excellent and perhaps start looking to leave prices up on the exchanges or see later in the day if prices bounce back.
The free Tipster Experiment continued in January and results were good.
It’s a simple concept, I have looked to find some of the best free tips available and I stake to win around £50 each time (Not always exactly £50).
Always taking at least the recommended odds.
The tipsters that I am following tip selections that can be bet on using Asian Connect or with the betting exchanges.
Not choosing any tipsters that are using solely soft bookmakers as I want to be able to get on bets without the worry of restrictions.
The hope is that if its shows to be profitable, I will be able to scale it up.
Most of the profit came from a strong last weekend of the month.
Nigel Seeley from theTrademate podcast had a cracking end to the month and Demetrio Giotti from SBC was another tipster that did really well.
I am also taking bets from a few football tipsters on Betmarkets that tip in the bigger leagues. Who also finished the month strong.
Be interesting to see if this will be a profitable long term strategy. Would like to get to at least a thousand bets before I break things down into average odds, roi etc.
I often miss bets and its not the most refined strategy yet but next month I will write up a list of all the tipsters I am using.
In total there were 128 bets in January.
A profit of £716 was made.
Trading
Didn’t do a whole lot of trading in January.
Home schooling is taking up a lot of time during the week and at the weekend I am normally pretty busy value betting.
Made some profit trading Mcgregor vs Poirer in the days leading up to the event as it was pretty much one way traffic on Mcgregor up until fight day.
Overall it was a pretty uneventful month on the sports trading front.
In January I made a profit of £202 from trading.
Thoughts Going Forward
Overall it was a really good start to 2021, with the monthly profit being above average.
My long term plan is and has been for the last several years to use sports betting and trading as a way to reach financial independence.
Fingers crossed that regulation doesn’t get in the way and this goal continues to look achievable.
In terms of strategies and services used I don’t intend to change much.
Like I wrote earlier I will carry on with the free tipster experiment and assess things after a few more hundred bets.
All the other strategies are proven to be profitable so its just about getting as much turnover in these area’s as possible.
I have a long term investment in Betmarkets which isn’t doing very well at the moment.
My £1000 initial investment is down around £200.
However I have seen with my own value betting drawdown periods and the people behind Betmarkets have made it clear Betmarkets is a long term investment. That should be looked at in a similar way as an index fund would.
So its not something to tinker with every month and dip in and out of.
Happy to leave it for now and then revaluate things in a few more months.
Results For January
Value Betting, Arbitrage, Matched Betting –
£538
Advantage Play – Casino Offers
£1007
Trading
£202
Sports Betting
£858
The Basketball Geek
-£112
Free Tipster Experiment
£716
Total Made In January
£3209
Overall Profit Since The Challenge Began
£106,340
Remaining Target
£893,660
Services Used
In this section is a list of the services that I have used this month. To be transparent I do have affiliate deals with these services. Which means should you subscribe to them through a link on this site I will receive a commission. This does not come at any additional cost to you. In fact with some of these services I have negotiated discounted prices for readers of smartsportstrader.com.
Recommended For Matched Betting/ Value Betting/ Arbitrage
Subscription Cost – £12.50 a month (Annual Subscription)
If you comment “Smart Sports Trader” in the chat when you sign up for a Trademate Sports trial. You will get an extended two week trial and also a 10% discount off your first month.
