Banker Bets Final Review
26th April 2015
Sgt Short Reviews Banker Bets
Here we are with our final review. I will start as usual by reproducing the introduction to remind us where we came in.
Banker Bets concentrates on low odds, high strike rate bets with the intention of steadily increasing our bank balance with minimal risk. John Baker started trialling a new service using this approach in mid August and has increased his starting bank by 128.40% in around 4 months.
The bets are not picked only for their low odds, each is thoroughly researched before making it as a selection, and all the reasoning is laid out for us. The average strike rate over this period was 85% and the odds averaged 1.25. All the details are available for inspection by clicking on the link below.
I must admit that until recently I was one of those who did not like betting at short odds, but having already followed this service for a while I must say that winning most of your bets is a very pleasant change. As John explains, low odds does not necessarily equate to poor value, this is often where the best value can be found. There will be losers along the way of course, but the graph shows a steady upward trend.
Selections are sent by email, normally twice a day. The early message contains selections for the day and evening bets in Europe, and if there are any in the USA they are sent during the afternoon. Bets are mostly on Football, Tennis, American Football and Basketball.
There are three subscription options: £27 per month, £54 per quarter or £155 per year. There is a special offer available at the moment, if you sign up for any of these options you will get the first month for £6.75. Whichever option you choose there is an unconditional 30 day money back guarantee.
The results spreadsheet is normally updated each day and attached to the emails. John records his results to £100 per selection, which I think is reasonable considering his strike rate, so I will do the same, reporting on a daily basis. He returns today from a short break over the holidays so this is an ideal time to start.
The trial started on 26 December 2014 and finished on 7 April 2015. This is a period of 103 days, and we had bets on 84 of them, so 19 no bet days (18%).
There were a total of 191 bets, an average of 2.27 per betting day. In practice there were none, 1 or 2 during the week and 4 or 5 on Saturdays and Sundays.
We had 160 winners, a strike rate of 83.77%, and made a profit of £951.00 on our £19,100.00 staked, a return on investment of 4.98%.
Looking back it was a fairly bumpy ride. We had a slow start, with a win and a loss on each of our first three days putting us £225 down, and we had trouble maintaining any consistency over the first few weeks, leaving us in deficit again at day 14. A nice smooth run then followed taking us to a peak on day 38 of £916, but then inexplicably we took a severe nosedive back to £271 on day 51. A steady few weeks then a final sprint got us to our overall profit of £951.00.
We had a winning run of 21 bets, a couple of 17’s and several more in double figures. When the losses came it tended to be in clusters, wiping out loads of good work at a stroke. We had losers on consecutive days several times, and on 6 occasions we had 2 on the same day. I got the impression that we were a bit unlucky over the trial period and would expect better going forward.
Included in the spreadsheet provided by John each day is a tab showing the results if you bet 10% of your bank on each selection. I’m not sure if he recommends this, or if he does it himself, but the results are very impressive. His starting point on our day 1 was £3,520.21 (built up from £1,000 on 14 August) and on our last day his balance stood at £7,162.70.
Ease of Use
John could hardly be more professional. The emails always turned up when he said they would. This was not always at the same time because we were dealing with sports in different time zones around the world, but he always made sure we knew what to expect and when, normally a couple of times a day.
The bets were clear and concise, and mostly the full reasoning was given. Most of the odds quoted could be beaten, sometimes by quite a lot. I don’t remember once not getting at least what he said. There were no exotic bets of any kind, the favourite to win is the order of the day, sometimes in a double if the odds are too low.
As I mentioned above the results are listed in full every day on a spreadsheet attached to the email. This saves you from having to keep your own records and I think this should be made compulsory for all tipsters.
I believe the prices and special offer mentioned in the introduction are still current, and you have a money back guarantee if you are not satisfied.
Risk and Return
There is always some risk attached to betting of course, but this is certainly at the lower end of the scale. We are betting at average odds of around 1.25, so we need a strike rate of 80% to break even. This was exceeded over the trial although we did have some sticky patches.
The ROI over the period was 4.98% at level stakes, which I would say is good, and as we have seen there is scope to increase this with a progressive staking plan. I would not normally advocate this but in a system where long winning runs are expected I think it is something to be considered, although I might do less than 10%.
As I said in the introduction, I am fairly new to low odds betting. I used to consider it to be a bit of a waste of time to bet at around 1.25, but that has all changed now. Think of your standard investments, earning a few percentage points a year if you are lucky, and then compare that with earning 25% in 2 hours or so. It then seems fabulous. The fundamental difference of course is that you can lose the lot.
When betting on decent priced horses you don’t expect to win every time, and it’s a pleasant surprise when you do. With Banker Bets on the other hand you do expect to win every time, and it really hurts when you don’t. If you can put up with this then I thoroughly recommend this service.
Our Overall Rating:
Thank you for your time and I hope you enjoyed the review.