I’ve decided to review the “Banker Bets” Service. Its an unusual service in that in concentrates on only short odds “Bankers”. I’m not particularly a fan of this type of service, although I am a believer in the principle that value can be found at the very short end of the market, and that bank growth can be significant.
I’m recording my results on this spreadsheet, to £50 stakes. I’m risking £500 total.
The service is run by John Baker, an ex-professional Poker player and it has run up just over a year of verified results to date. That’s a fairly short period granted, but what attracts me to this service is that the results recording looks sound, and not shy of posting the losers along with the winners, and that at such short odds, a relatively small sample size holds more water than perhaps a service picking outsiders.
That said, I have seen at least one service that springs to mind that also had a decent record, betting at similar odds, that took an irrecoverable nose dive. At these short odds you really do not have to have that many losers and you are in a real bad position.
So we’ll see how it pans out for a short trial and go from there.
The other potential benefits from this are perhaps not that obvious – Bets at 1-4 are never likely to set off any alarm bells with any bookmakers, and you can get better or very close to the best prices on Betfair Exchange too, so this isn’t only an option for people who have had problems with bookmaker restrictions but also in fact may actually help in keeping your accounts open. As the bets are going to make you at least “look like” the sort of customer most bookmakers seek.
Update – 12th November 2015
I’ve followed this service now with my own money for just over a month and I’m pleased to report a healthy profit. The emails are received with plenty of time to get on the bets, (which can be at any time of day as the service focuses on worldwide sport from Tennis to College Football) and the advice is clear, concise and seems well researched. The only real negative I can put on this service is the odds range it focuses on, but having said that although I’ve seen this type of service fail in the past, I’ve also seen just about every other type of service fail in the past too, operating at all odds. What you do need to realise though if you are going to back these, is that losers will happen and indeed when four of the first seven bets I received lost, my £500 bank was down £350 and I was beginning the think this could be the fastest £500 I’d ever lost! I stuck with it though, knowing that quitting on the hoof like that is not normally a rational decision. It took 20 days and 44 bets (some of which took a fair amount of time to place simply because I’d never heard of the teams I was betting on!) to get back to square one and the bank to recover to £500. From that point though the winners kept rolling in and with each one the profit was expanding.
After a very impressive run of 35 winning bets from 36 I suspected a loser or two would come and that proved the case with losing bets on the 8th and 10th. However winding up the review the profit stands at a very respectable £245. My actual profit is some £71 less as I did manage to miss 6 selections by not placing them in time, and sods law – they were all winners.
View all my recorded results on this spreadsheet
I’ve recorded those bets at advised prices, but its worth noting that the published prices are actually lower than what you get in general, so this is a rare case of service publishing results that you can actually beat! Not only that but another plus is that you can,if you wish, use Betfair Exchange almost exclusively. So its certainly one that will appeal to those that have no access to bookmakers, or restricted accounts.
If I hadn’t got two of my own services to run, a blog, and an already pretty full betting portfolio, this would quite likely be something I’d add to my portfolio.
Oh – Almost forgot – Banker Bets is very reasonably priced costing £155 a year, and your first month is only £6.75.