I was going to review this e-book next month but two readers asked me the same questions about this e-book and i decided to review it now.
The Legacy And Saver System is an e-book for those who want to use a system to help them identify which horse is going to win the race or get a place (i.e. for backers/punters) and is written by Stan Hibbert.
Actually the e-book explains two different systems, the Legacy and the Saver system. The positive thing about this e-book is that they try to keep it as simple as possible. That's why they sum up both systems in a little bit more than 20 pages containing 13 sections !!
Both systems have the same logic behind them, although they differ in implementation. Generally speaking both systems are not that complicated and the average punter can follow them. All you have to do is check your racing newspapers and find the right qualities in order to identify the proper horse.
The big question is whether both systems work. When i first tested them, they seemed quite ok, giving a good return. After a while , there were a couple of big losing runs which almost eliminated my available bank (for testing purposes). I was quite discouraged by it and tested 4 months later with the same results.
Is it worth buying ? Well maybe yes if the cost was around 20-30 USD but it would be a big mistake to buy this e-book at the special offer of 199.99 USD.
VERDICT
Overall : 55 %
Price : 199,99 USD
Link : http://horse-racing.superihost.com/TheLegacy/Index.html
Monday, 18 February 2008
Wednesday, 6 February 2008
Types of Ebooks
Another reader of my blog ask me what kind of ebooks exist. I believe that there are at least five categories according to e-book's methodology (not content).
Informative : You can find these e-books for free (most of the time) and their purpose is to inform the reader about a particular subject. Most of the time, you will find plenty of affiliate links and they encourage you to click on their links. Such ebooks "talk" about how to join a bookie, how to bet on a bet exchange etc. Although the majority of these e-books won't add anything new, there are some e-books which deal with card games such as Texas Hold-Em and are filled with stats, probabilities and player's attitude. These e-book can offer great help.
Bet Trading : This is my favorite type of e-book. There you can find how you can use bet exchange sites in order to trade your bets. This category can also be divided into two subcategories. The first consists of e-books which are trying to identify how the price of a selection will move and the second will explain you what you have to do during inplay when the price falls or rises. The first category is by far more interesting and is the one which i really like.
Stats / Arbitrage : Two categories into one. Some e-books try to derive strategies through statistical analysis while other e-books try to explain the arbitrage theory and how you can trace (by following simple mathematical formula) any arbitrage opportunities. I have told you my opinion about arbitrage. On the other hand, i like statistical analysis and believe that you can derive some very helpful conclusions. I wouldn't buy an e-book about arbitrage but i believe that someone should buy an e-book based on stats in order to derive proper conclusion (and save time from analyzing the data by yourself).
Laying : This category contains plenty of ebooks which try to identify which is the least probably result and bet against it. Most of the e-books covers horse&greyhound racing but there are plenty of e-book about soccer, cricket etc. The problem with these strategies are that most of them are time consuming and the real risk is larger than the odds show. For example when you "lay" a selection at 6, you make a 1,20 bet on the other outcomes. The 1,20 is too low and we all know that the lower the odd, the higher the risk/return ratio.
Backing : On the other hand, there are e-books which explain how you can identify the winner of an event. These strategies can vary a lot and are based on the personal experience of the writer of the ebook etc. Some strategies have proven quite profitable but there is a danger that when you buy such an e-book, you will run into a modified version of the martingale system (which can be very catastrophic). You must be very careful when choosing the right ebook.
Informative : You can find these e-books for free (most of the time) and their purpose is to inform the reader about a particular subject. Most of the time, you will find plenty of affiliate links and they encourage you to click on their links. Such ebooks "talk" about how to join a bookie, how to bet on a bet exchange etc. Although the majority of these e-books won't add anything new, there are some e-books which deal with card games such as Texas Hold-Em and are filled with stats, probabilities and player's attitude. These e-book can offer great help.
Bet Trading : This is my favorite type of e-book. There you can find how you can use bet exchange sites in order to trade your bets. This category can also be divided into two subcategories. The first consists of e-books which are trying to identify how the price of a selection will move and the second will explain you what you have to do during inplay when the price falls or rises. The first category is by far more interesting and is the one which i really like.
Stats / Arbitrage : Two categories into one. Some e-books try to derive strategies through statistical analysis while other e-books try to explain the arbitrage theory and how you can trace (by following simple mathematical formula) any arbitrage opportunities. I have told you my opinion about arbitrage. On the other hand, i like statistical analysis and believe that you can derive some very helpful conclusions. I wouldn't buy an e-book about arbitrage but i believe that someone should buy an e-book based on stats in order to derive proper conclusion (and save time from analyzing the data by yourself).
Laying : This category contains plenty of ebooks which try to identify which is the least probably result and bet against it. Most of the e-books covers horse&greyhound racing but there are plenty of e-book about soccer, cricket etc. The problem with these strategies are that most of them are time consuming and the real risk is larger than the odds show. For example when you "lay" a selection at 6, you make a 1,20 bet on the other outcomes. The 1,20 is too low and we all know that the lower the odd, the higher the risk/return ratio.
Backing : On the other hand, there are e-books which explain how you can identify the winner of an event. These strategies can vary a lot and are based on the personal experience of the writer of the ebook etc. Some strategies have proven quite profitable but there is a danger that when you buy such an e-book, you will run into a modified version of the martingale system (which can be very catastrophic). You must be very careful when choosing the right ebook.
Tuesday, 22 January 2008
Bismarx Poker
After a long time, i am going to review an e-book. Before i begin, i woulf like to know your opinion about whether you prefer to write my opinion about e-books or you prefer to talk about bet-trading etc. in general. Send me your thoughts at betsitereviewer@yahoo.co.uk .
The Bismarkx Poker is about Betfair's Exchange Poker, is written by Malcom Pett contains one simple strategy on how to win money from this automated game.
The e-book consist of 25 pages, with the vast majority explaining the Texas Hold Em and Betfair's version. As i said it only includes one strategy.
Actually is a combination of laying a hand with the BVR method. By tje term BVR, i don't mean "Beyond Visual Range" (air-fighters enthousiasts know the term) but the Bank Vault Report which another version of the martingale system.
Does it work ?
Well actually......no. In my opinion, i find it rather risky since my own personal data shows that we should act in the exact opposite direction!
The strategy is well explained but you have to be careful when implementing it. You also get some excel files which can help you perform the calculations.
Verdict
Overall: 42%
Cost: 59,97 GBP
Link : www.bismarxpoker.com
The Bismarkx Poker is about Betfair's Exchange Poker, is written by Malcom Pett contains one simple strategy on how to win money from this automated game.
The e-book consist of 25 pages, with the vast majority explaining the Texas Hold Em and Betfair's version. As i said it only includes one strategy.
Actually is a combination of laying a hand with the BVR method. By tje term BVR, i don't mean "Beyond Visual Range" (air-fighters enthousiasts know the term) but the Bank Vault Report which another version of the martingale system.
Does it work ?
Well actually......no. In my opinion, i find it rather risky since my own personal data shows that we should act in the exact opposite direction!
The strategy is well explained but you have to be careful when implementing it. You also get some excel files which can help you perform the calculations.
Verdict
Overall: 42%
Cost: 59,97 GBP
Link : www.bismarxpoker.com
Wednesday, 9 January 2008
How risky should i be ?
A couple of readers have asked my advise on the amount of risk they should undertake.
My opinion is that it depends on risk-type of punter you are. Before i tell you which are the most common risk-type punters, you should be aware that when you bet on a selection, you undertake a certain amount of risk. There is no risk-free bet (not talking about trading or arbitrage).
The first type is the risk-averse punter. This type of punter hates risks. He prefers to bet on low odds events and usually makes average to large bets in order to have a good return.
The second type is the risk-neutral punter. This type of punter doesn't have a certain attitude towards risk. He can bet on both low and high odds selections and doesn't consider risk as his major decision factor. He always try to compare the price of his selection with his point of view about the outcome of the event.
The third type is the risk-lover punter. This type of punter usually makes small bets on high odds selections. He prefers to diversify his bank into small bets with high R.O.I. .
Personally i am a risk-neutral with a touch of risk-lover punter. I don't bet on low odds selections because in my opinion they contain a bigger possibility of losing the bet than its price shows.
My opinion is that it depends on risk-type of punter you are. Before i tell you which are the most common risk-type punters, you should be aware that when you bet on a selection, you undertake a certain amount of risk. There is no risk-free bet (not talking about trading or arbitrage).
The first type is the risk-averse punter. This type of punter hates risks. He prefers to bet on low odds events and usually makes average to large bets in order to have a good return.
The second type is the risk-neutral punter. This type of punter doesn't have a certain attitude towards risk. He can bet on both low and high odds selections and doesn't consider risk as his major decision factor. He always try to compare the price of his selection with his point of view about the outcome of the event.
The third type is the risk-lover punter. This type of punter usually makes small bets on high odds selections. He prefers to diversify his bank into small bets with high R.O.I. .
Personally i am a risk-neutral with a touch of risk-lover punter. I don't bet on low odds selections because in my opinion they contain a bigger possibility of losing the bet than its price shows.
Thursday, 27 December 2007
Arbitrage Services
Hello and merry christmas,
Today i would like to express my opinion about the several Abritrage services which are available on the internet. A friend of this column asked my opinion about an Arbitrage service and driven by his e-mail, i will express my opinion.
My opinion is that i find it rather difficult for someone to make money through arbitrage betting. Yes, if you search over the net, you can find arbitrage opportunities but there are several drawbacks which the services don't mention.
The first is that you must have accounts in many betting companies and you cannot trust most of them. There aren't many trustworthy bookmakers which you can use for arbitrage purposes. If you want to follow an arbitrage service, you must have accounts on some exotic bookmakers.
Another drawback is the return. Ok, how much are you going on to earn average through arbitrage per bet ? Most bets give you 2% - 8% .Is that enough ? How are you going to finance the bet? Through moneybookers? There are limits on the amounts you can trasfer per month. Through Credit Card ? If the bookie doesn't charge you anything , the bank will.
It goes without saying, that you must bet big amounts in order to make money. This bring us to the next drawback, the bet-limit. What are the limits on the bookmakers? Are you going to have the same limits on every bookmaker? Many bookmakers have the tendeny to reduce limits if they track an unsual activity. Therefore are you sure you are going to take full advantage of an arbitrage service ?
If you think that you can overcome these obstacles, then how are you going to deal with the fact that arbitrage opportunities are fading very quickly ? You see, many services have more than two - three clients and many punters receive their notification at the same time. Who is going to take advantage of the opportunity first ? It goes without saying that you have to be online all the time, waiting for the notification.
When the bookmaker sees that bigs bets are being made on a certain selection, it will automatically reduce the odds. Furthermore, the first people who will take advantage of the arbitrage opportunity are the owners of the arbitrage services themselves!
As you can see, i gave you some reasons NOT to follow any arbitrage service. The default risk (to use an economical term) is greater than the alleged return.
I am sure you can find other reasons yourself.
Also stay away from companies which they offer you the option of investing your money and giving you a "guaranteed" profit for return using arbitrage methods. We are either talking about fraud services or money laundering. Most of them are just frauds, they give you the guaranteed return for a short period and they disappear with your money when you increase your investment.
Today i would like to express my opinion about the several Abritrage services which are available on the internet. A friend of this column asked my opinion about an Arbitrage service and driven by his e-mail, i will express my opinion.
My opinion is that i find it rather difficult for someone to make money through arbitrage betting. Yes, if you search over the net, you can find arbitrage opportunities but there are several drawbacks which the services don't mention.
The first is that you must have accounts in many betting companies and you cannot trust most of them. There aren't many trustworthy bookmakers which you can use for arbitrage purposes. If you want to follow an arbitrage service, you must have accounts on some exotic bookmakers.
Another drawback is the return. Ok, how much are you going on to earn average through arbitrage per bet ? Most bets give you 2% - 8% .Is that enough ? How are you going to finance the bet? Through moneybookers? There are limits on the amounts you can trasfer per month. Through Credit Card ? If the bookie doesn't charge you anything , the bank will.
It goes without saying, that you must bet big amounts in order to make money. This bring us to the next drawback, the bet-limit. What are the limits on the bookmakers? Are you going to have the same limits on every bookmaker? Many bookmakers have the tendeny to reduce limits if they track an unsual activity. Therefore are you sure you are going to take full advantage of an arbitrage service ?
If you think that you can overcome these obstacles, then how are you going to deal with the fact that arbitrage opportunities are fading very quickly ? You see, many services have more than two - three clients and many punters receive their notification at the same time. Who is going to take advantage of the opportunity first ? It goes without saying that you have to be online all the time, waiting for the notification.
When the bookmaker sees that bigs bets are being made on a certain selection, it will automatically reduce the odds. Furthermore, the first people who will take advantage of the arbitrage opportunity are the owners of the arbitrage services themselves!
As you can see, i gave you some reasons NOT to follow any arbitrage service. The default risk (to use an economical term) is greater than the alleged return.
I am sure you can find other reasons yourself.
Also stay away from companies which they offer you the option of investing your money and giving you a "guaranteed" profit for return using arbitrage methods. We are either talking about fraud services or money laundering. Most of them are just frauds, they give you the guaranteed return for a short period and they disappear with your money when you increase your investment.
Tuesday, 18 December 2007
Soccer Betting
Hello there,
Today, i found some spare time and i will state my opinon about the "Soccer Betting" e-book written by Peter Norum.
As the title states, this e-book deals with soccer. It includes several techniques (trading wise or not), predicting the match winner, some over/under bets, the wellknow "lay the draw" technique and a correct score system.
It's not a big e-book, actually is rather small, around 15 pages! The strategies are not well written and doesn't support his arguments with real life examples.
It's rather a basic e-book which can be a starting point for a newbie to get involved with bet trading and soccer punting but if i had to pay for it, i would feel a little bit stupid.
The writter used to have a website where he used to sell his e-book but now you can purchase it by sending him an e-mail at norumpeter@yahoo.com . The e-book costs 60 Euros !
An alternative way to get this e-book for free, is by recommending 5 friends of your to paid picks site, Elitetipsters (www.elitetipsters.com) .
VERDICT
Overall: 40%
Cost: 60 Euros or Free
Link: norumpeter@yahoo.com or www.elitetipsters.com
Today, i found some spare time and i will state my opinon about the "Soccer Betting" e-book written by Peter Norum.
As the title states, this e-book deals with soccer. It includes several techniques (trading wise or not), predicting the match winner, some over/under bets, the wellknow "lay the draw" technique and a correct score system.
It's not a big e-book, actually is rather small, around 15 pages! The strategies are not well written and doesn't support his arguments with real life examples.
It's rather a basic e-book which can be a starting point for a newbie to get involved with bet trading and soccer punting but if i had to pay for it, i would feel a little bit stupid.
The writter used to have a website where he used to sell his e-book but now you can purchase it by sending him an e-mail at norumpeter@yahoo.com . The e-book costs 60 Euros !
An alternative way to get this e-book for free, is by recommending 5 friends of your to paid picks site, Elitetipsters (www.elitetipsters.com) .
VERDICT
Overall: 40%
Cost: 60 Euros or Free
Link: norumpeter@yahoo.com or www.elitetipsters.com
Friday, 7 December 2007
To Pay Or Not To Pay ?
To Pay or not to pay for a pick/service ?
That's a question that many punters make and i believe that the answer is quite simple. All you have to do is to create a decision tree and answer to some simple questions .
The questions you should address yourself are :
That's a question that many punters make and i believe that the answer is quite simple. All you have to do is to create a decision tree and answer to some simple questions .
The questions you should address yourself are :
- Can i make money out of my own predictions ?
- Do i have enough time to search for informations and news ?
- Are my sources reliable ?
- Can i afford to be a member of a site which offers picks ?
- Are their results reliable ?
- Can i trust sites which offer tips for free ?
If you make a good living out of your own predictions or you have enough time to search the net for news, private information etc, then you don't need such a service.
On the other hand, if you don't have enough time or your predictions are not that good, then you should be very careful when choosing the right service .
I believe that 85% of the available services are fraud-sites which aim to take your money. They alter their results anyway they like while claiming extraordinary profits.
You also be very careful when you "follow" a site which offers free picks. They seem quite innocent but they are not. They also alter their results (if they have any) simply because good results bring more traffic which leads to an increase on affiliate sales (from bookmakers).
Sometimes these sites are being created by bookmakers (through other people) just to make bet on the wrong selection!
If you want to have some piece of mind that you "follow" an honest service (even if its free) , you should check whether or not this site is being monitored by at least one independent result verification service .
YOU SHOULD NOT TRUST A SITE WHICH IS NOT BEING MONITORED BY SUCH SERVICE.
A service which accepts to be monitored, means that they have genuine results, they are an honest site. In other words, what you see is what you get. Plain and simple.
There are a couple of independent result verification services. I recommend the following :
- Sports Tipsters (www.sports-tipsters.co.uk)
- Verifiedtipsters (www.verifiedtipsters.com)
- Verify Bet (www.verifybet.com)
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