Smarkets Exchange & SBK App: Interview & Review

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We recently published a special ‘Exchange & Bet Broker Guide’ – dedicated to exploring 6 of the best places for you to bet.

After all, the simple act of putting your bets on with the right exchange, broker or bookmaker can make a MASSIVE DIFFERENCE to the profits you make betting.

So to showcase exactly how this guide can help you choose the right place to bet, today you can read our interview and feature on the betting exchange: Smarkets & its mobile app SBK

Smarkets & SBK offer a low 2% commission rate (much better than the 5% base rate from their main rival Betfair) alongside great odds on several sports and markets. It’s just one example of how betting away from the main bookie suspects can make your money go further!

You can pick up your copy of the Exchange & Bet Broker Guide the instant you join us at the Smart Betting Club.

SBC Exchange & Bet Broker Guide Extract: Smarkets & SBK

In Brief: Smarkets is a highly recommended betting exchange and a must-have account for all serious punters, especially those active on horse racing and football. The low 2% commission rate, coupled with improved website access both via desktop and mobile has seen a huge increase in betting volume. As well as the Smarkets Exchange, you can also now access their newly launched sportsbook app, SBK.

Smarkets Welcome Offers: New Smarkets customers have a choice of two offers depending on how you wish to bet.

If using the Smarkets exchange, you can take advantage of a £10 risk free bet when signing-up. If using their SBK sportsbook app, they offer a £10 risk-free bet for every friend you refer who stakes at least £20. This can be repeated up to 50 times.

Open a Smarkets Account

Download SBK

About Smarkets:

The Smarkets Betting Exchange continues to go from strength to strength with significant inroads in terms of market share and volumes of money now being traded on its exchange. It is a genuine competitor to the Betfair behemoth and continues to attract serious punters looking to get the best value bets possible.

Although they are now going head-to-head with direct rivals Betfair and Matchbook who both have moved to the same 2% commission rate for most customers (Betfair’s 2% rate is being rolled out across different countries), Smarkets have invested significant sums in developing its offering and have quite rightly developed a loyal base of customers.

The Smarkets site and app is now very user friendly and newly introduced innovations such as charting tools and conversion of odds into percentages help you quickly evaluate each betting market and make quicker, more informed betting decisions.

Features like their trade out functionality option which allows you to ‘green up’ any bets you have open alongside their instant match option for in-play betting are welcome additions. The Smarkets exchange betting app also continues to be one of the top rated for mobile betting and the site itself is stable and not prone to falling over unlike others.

Their Asian handicap football lines essentially mirror many of the markets punters in the UK can no longer obtain through the likes of Pinnacle Sports. The in-play markets for both football and racing have also seen increased volume and usage, marking them out as further options for shrewd punters. It should be noted that although improved, Smarkets, like Matchbook, still don’t quite have the breadth of markets nor volume in that others such as Betfair do.

Away from Football & Racing, Smarkets also offer markets on all other major sports and events including but not limited to: Politics, Tennis, American football, Baseball, Basketball, Cricket, Golf & Rugby league. You can also bet in-play on many of these markets.

As they allude to in our interview, they don’t indulge in the ‘entertainment’ side of betting – so you won’t find links to casino or bingo as can be found plastered all over the Betfair site and most bookmakers these days. They give the firm impression of a company focused on providing the best betting experience and odds, whilst regularly introducing new features and investing in growing what they offer.

Smarkets are also listed on the major odds comparison website – Oddschecker, so you can easily cross reference their odds against both their bookmaker and exchange rivals.

About SBK

Launched earlier in 2019, SBK is the new Smarkets based bookmaker app, available to download via https://getsbk.com/ or through the Play/Apple stores.

SBK offers a solution to those of you who prefer to use a bookmaking app, rather than an exchange as the odds are identical to those available on the Smarkets exchange itself. Unless exchanges confuse you – there is likely little reason to need to have both options, so you can simply choose the way you prefer to bet.

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All told, we are fans of Smarkets, whether it be using via their Exchange or SBK app and can recommend them as a key account to hold. Well run, simple to use with a good clean user experience, there is plenty to like about what is on offer. Highly recommended.

Our Interview With Smarkets

To understand more about Smarkets, they were also good enough to answer a series of our questions in this exclusive interview….

SBC: For those unfamiliar, can you outline how Smarkets works and what it offers customers?

Smarkets is fusing sports betting, political prediction markets and financial technology into a sleek, modern betting exchange. We focus on having the fairest price and best technology, rather than prioritising entertainment and gambling like most others in the betting industry.

Also, with our new app SBK, we’ve taken the unrivalled odds of our exchange and placed them in a cleaner sportsbook format. We’re really excited about this as we have done a deal to allow us to bring it to the US market next year.

SBK was introduced as there are still clearly a lot of bettors out there that are using sportsbooks because at first glance they appear easier and clearer to use than an exchange. So, in order to cater for these customers, we have taken the unrivalled odds of our exchange and placed them in a cleaner sportsbook format.

What are the advantages of betting through Smarkets compared to other exchanges or traditional bookmakers?

Put simply, the betting exchange model means that prices are generally fairer than bookmakers, while our 2% commission (on net market profits only) means that among fellow exchanges we offer one of the cheapest and simplest commission structures. We also strongly believe we have one of the best platforms in the industry, so users have a better experience with our products.

You are up against a well established giant of the betting industry in Betfair – how has the Smarkets share of the exchange market grown of late?

Right now, the betting exchange sector is in the best shape it’s ever been in, growing by 21% from £283m to £343m between October 2017 and September 2018 according to the latest Gambling Commission statistics.

Naturally, an ever-growing sector means more competition too – but the good news for us is that we are continuing to claim more market share.

This is reflected by the numbers at the end of 2018, with our total annual traded volume rising by 46% on the previous year, to an all-time high of over £4.5 billion.

We believe that our continued growth in a competitive market is down to our innovative base as a technology company, which has allowed us to adapt quickly, continually develop the Smarkets exchange, and as a result, offer a superior experience to customers. No betting app is rated higher than Smarkets on iOS, and we believe this shows that our focus on technology and price is paying off.

Do you have any stats on how betting with Smarkets and your low 2% rates help punters obtain better value?

We compared our price (with commission) just before each of this year’s Cheltenham Festival races, and you would have netted 101% more profit with us compared to the Industry Starting Price had you put £10 on all 28 winners.

The key for any betting exchange is the volume of money traded on it – AKA the ‘liquidity’. How does this compare with your rivals and how has this grown over the past year since our last update?

Liquidity and volume have grown enormously in recent years, especially on the most popular sports like football, horse racing and tennis. During marquee events like the Cheltenham Festival and World Cup we regularly see trading volumes in the millions and sometimes 10s of millions. Cheltenham volume went up by 10% to over £150m in 2019, while the Grand National again set a new record for our most-traded single event at £76.5m, an increase of 33% on the previous year.

What are the main markets and sports you offer and see the most trading on?

As with other operators, football and horse racing are the two biggest sports for betting and trading, but we offer a wide variety of sports as well as the most extensive list of UK, US and global political markets out there. As we grow we are continuing to see more liquidity across the exchange for all markets. We also recently hired a specialist to oversee this and ensure that we are constantly adding new markets that our customers will love.

Not only this, but we very often have the best odds in relation to these markets, especially when it comes to singles on football, which helps in attracting customers across the board.

What about in-play and live betting on sports like football and  horse racing? Can you outline what you offer and the volume of money traded on Smarkets these days?

Our in-play volume is also growing, especially in top-level football as we offer ‘Instant Match’ whereby you are matched at the live price and as long as nothing ‘material’ happens in the following eight seconds, you are guaranteed to get that price, rather than waiting for an in-play delay to be matched.

I noted a significant increase in the markets you are offering for Political betting over the past 12 months. Can you detail what is on offer and the volume of money being traded in this sector these days?

At Smarkets we have a dedicated team with their fingers on the pulse to add new and exciting political markets as and when they happen. What this means is that we offer the widest array of events in the industry, covering not only the UK in-depth but also the political sphere across the world – be that the US, EU or Israel, to name just a few.

Our most popular and traded markets relate to highest-profile stories – be that the year of the UK’s next General Election  or Trump’s potential impeachment.

Are there any other new markets or innovations introduced over the past year to be aware of?

The past year has been a really exciting one for us, with a landmark deal to take our platform to America and the release our new sportsbook app, SBK. This has two revolutionary features with Price+ showing users how often they’re getting better odds with us compared to those offered by traditional bookmakers. SBK also has a social feature allowing customers to share tips. We believe this is going to have a big impact on the market, as users no longer have to go to different places for their information and being able to place a bet.

We currently offer SBK as an app-only product, so customers can access it by downloading it on the Play or Apple stores respectively. Users can access the Smarkets exchange either via the website or by again downloading the Smarkets App on the Play or Apple store.

We’ve also vastly improved our live charts on the exchange, which can be a real asset for people looking to trade, and really help to bring to life how the markets change over time – we really do believe they’re the best out there.

One other thing to mention is our new Open Banking payment method. We’re one of the first betting companies to get on board with this technology and now our users can connect securely to their bank and receive their withdrawals much quicker than the standard card funding method.

In September you announced a partnership to offer your new sportsbook SBK to customers in two American States – Indiana & Colorado. Do you have plans to extend this to other US States where sports betting is now legal and what are your plans for growth into the US market in general?

It was a landmark moment for us to secure a partnership allowing us to bring our sportsbook to Indiana and Colorado. The aim for us is to become established in these two states, and then, of course, the goal is to roll out our success across all other states where sports betting is legal. The US sports betting industry could represent around $155 billion if most states legalised it, making it a crucial market to become involved with.

Finally, what offers do you currently have for those keen to open a Smarkets account?

We are currently offering sign up bonuses across Smarkets and SBK – making it a great time to open an account with us. On Smarkets we have a simple sign up and get £10 risk-free, while on SBK we have a system whereby if you refer a friend, and they stake £20, you both get £10 risk-free. What’s more, you can both do that up to 50 times, meaning there’s a lot of money in risk-free bets to be had!

Open a Smarkets Account

Get The Full Lowdown On The BEST Places To Bet

So there you have it – revealing insight into just 1 of the 6 firms as recommended in SBC’s Exchange & Bet Broker Guide and the difference they can make to your take home profits.

If you are keen on learning more about Smarkets and the 5 other firms included within this guide, make sure you grab a copy of it right away.

As soon as you join the Smart Betting Club, you can download your very own copy and start placing your bets where the professionals do.

Best Regards,

Peter Ling
Smart Betting Club Editor


pete

2019 Betting Exchange & Bet Broker Guide Out Now

Discover the best ‘lesser-known’ places to bet with SBC’s 2019 ‘Betting Exchange & Bet Broker Guide’

Tackling 6 different firms – this guide avoids all the usual bookies you already know about and focuses on the lesser-known places that the professionals use to get the best odds.

Alongside all the usual detailed SBC analysis and recommendations, you can also read exclusive interviews with the firms included in the guide.

They might not be household names or bombard you with adverts every time you watch sport on TV, but what they do offer you is the chance to get better value odds on the bets you strike.

You can access this special Betting Exchange & Bet Broker Guide the instant you join the Smart Betting Club. Sign-up now to gain instant access.

Ideal If You Suffer Betting Restrictions

Each of the 6 firms included in this guide also represent options for those of you suffering from having your bookmaker accounts closed or restricted.

All 6 firms actively welcome winners as they make their profit either based on betting turnover or the commission they charge you on each bet. So whether you win (or lose) they will never ban you from their service – unlike so many of the ‘big-name’ bookmakers who welcome losers and restrict winners.

Offering solutions for punters on all sports including but not limited to Horse Racing, Football, Golf, Tennis, Greyhounds and all major US Sports like NBA or NFL, this guide will help show you the best firms to bet with to make long-term sustainable profits.

You can access your copy of the 2019 Betting Exchange & Bet Broker Guide with a Smart Betting Club membership

Subscribe NOW to the Smart Betting Club and gain instant access

Best Regards,

Peter Ling
Smart Betting Club Editor


pete

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New review alert: The Betfair SP Tipster up 17.78% ROI since 2017 – don’t miss out!

The first review from our forthcoming series on profitable betting exchange tipsters has just been published – and its fair to say this is one article you won’t want to miss out on!

Inside this latest review, we explore in great detail the success enjoyed by this tipster to both bookmaker advised prices and at Betfair SP (after commission) over nearly 850 bets since 2017.

At Betfair SP alone, this tipster has generated a profit of between 374 and 543 points at 12.27% and 17.78% ROI.

The profit differences above depend on whether you wish to follow as a mix of win & place bets on Betfair (effectively mimicking a traditional each way bet) or just win bets only.

You can make more money betting win only than each way, yet as ever you don’t get a payout if your horse finishes in the place money.

If able to bet with bookmakers – to his fairly quoted odds, he has made a profit of between 768 and 1041 points at 25.16% and 34.11% ROI.

Again these differences are based on whether you prefer to bet each way or to win outright – with the latter much more profitable long-term.

Read The Full SBC Review

As well as exploring the service and its profitability with both bookmakers and the exchanges, our review also discusses:

  • The service staking plan and how it stacks up;
  • The breakdown in performance by odds & where the service makes the greatest profit;
  • A comparison of win vs each way betting to help you decide what’s best for you;
  • The recommended betting bank sizes for each method & how to make the largest growth figures;
  • How best to follow on the exchanges and a possible ‘Hybrid’ method to make the greatest return.

If interested in learning more on this tipster and reading the full 11-page review, you can access it immediately with a Smart Betting Club membership.

You can also discover how to save £97 on the cost of joining this tipster – thanks to an exclusive Smart Betting Club deal.

Get The Full SBC Membership Package For Just £27.99

If wanting to get started right away and access this review ASAP, you can now join the Smart Betting Club and take advantage of our lowest EVER membership prices for 2019.

From as little as £27.99 + VAT per quarter, you can get started immediately and access the ENTIRE Smart Betting Club service including all our SBC Magazines, Tipster Profit Reports, Best Tipster Guides, Pro Betting Guides & more.

This includes access to our full 13 year back catalogue and no quibble money back guarantee if you join and don’t like what is on offer (unlikely!).

£27.99 per quarter works out at just £2.15 per week – less than the cost of the Racing Post.

It’s our best ever SBC membership deal and with our amazing money back guarantee offer you have everything to gain and nothing to lose.

Subscribe Now to the Smart Betting Club

Best Regards

Peter Ling

Smart Betting Club Owner and Founder

Subscribe NOW to the Smart Betting Club.

Pete_HeadShot_SMall

Best World Cup Offer: Up to £70 in free bets for all new Smarkets customers

SBC recommended betting exchange, Smarkets, have just sent over details on a fantastic offer for new customers, whereby you can enjoy up to £70 in free bets during the 2018 World Cup.

All you need do is pick a team for the World Cup and in each match they play, you will get a £10 risk-free bet to place.

So if you select a team that goes all the way to the World Cup Final, you can enjoy 7 X £10 risk-free bets. Every team is guaranteed at least 3 games so as an absolute minimum you will benefit from 3 X £10 free bets.

To qualify for this offer, you must be a new Smarkets customer and simply choose a team via this link.

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Why SBC Recommends Smarkets

Now I realise you will be inundated with details on special bookmaker offers during the World Cup, but the reason I am happy to put this forward is based on our recommendation of the Smarkets service.

Their low 2% commission rate compares very favourably (much better than main rival Betfair) and with a wide range of markets, increasing liquidity and good site stability, its a essential betting account.

Throw into the mix the chance to get up to £70 in free bets during this World Cup and it’s a great time to join them.

Best Regards,
Peter Ling
Smart Betting Club Editor
Pete_HeadShot_SMall

Bookie restrictions: An insider’s advice on keeping your accounts open (plus min bet law news)

I have more news and advice today on the topic of bookmaker restrictions and closures including specific advice on why the forthcoming Aintree Grand National meeting is such a good time to take action on this front.

Before that though, some interesting news came out this week on restrictions following our call to action to email the Gambling Commission about how they had impacted you. Greg Wood of the Guardian published this fascinating article on Sunday, which outlined how action might not be far away on a min bet law…

Representatives met with senior Gambling Commission officials on Thursday to discuss the possibility of a minimum bet limit becoming a requirement of a bookmaker’s operating licence, and apparently left believing that it will, at some point, become a reality.”

I followed up on this article with Brian Chappell from Justice for Punters who attended the meeting referred to and because he and his colleagues have also met with others since. He had this to say:

“We mustn’t get carried away, because a lot of what is required for a Minimum Bet Law (MBL) is out of the control of punters, except for campaigning, so it’s really important that people contact the Gambling Commission as part of their present consultation as outlined here.

The possible options on the table are; that companies finally, due to pressure, realise they are trading unfairly meaning they enter into constructive discussion about a voluntary MBL, new primary legislation, which will be difficult to progress quickly due to the UK parliament being obsessed with Brexit, or the CMA forcing companies to be clear in their T&Cs that winning using skill is not allowed. It is, therefore crucial SBC readers continue to email the GC with details of any stupid account restrictions they incur.”

He went on to say that everyone should read the Victoria, Australia MBL rules, because this is what Justice For Punters is campaigning to be introduced and nothing less.

That’s the future, but what about avoiding restrictions right now?

Whilst the above is very encouraging news, until such a time as a minimum bet law is introduced, we must still be careful to protect our existing bookmaker accounts from future restrictions and closures.

..And with the Aintree Grand National meeting coming up – a time when thousands of new bookmaker accounts are being opened from people with no idea about betting, it’s also a fantastic chance for shrewd punters to hide in plain sight and have your accounts ‘coded’ as safe.

To explain more on this and to help you best understand how bookies track your accounts, I wanted to share an article written by a bookie insider for the Smart Betting Club on this very topic.

This insider has spent years working on both sides of the betting fence so is uniquely positioned to offer advice about how to get your bets on.

His approach is all about ensuring your account is coded as ‘safe’ in its infancy and following certain strategies to fool the bookies into thinking you don’t know what you are doing (despite the fact you do!)

Even though this article was first written in late 2016, much of the advice is still very relevant…so without further ado, here is the lowdown from our Bookie Insider

An insider speaks – how to ‘code’ your accounts as safe

From the point of view of someone who has been on both sides of the fence over the last 15 years or so, it’s best to view the battle between shrewd punters who want to maintain winning accounts and the bookies who want to shut them down as a game of cat-and-mouse.

Bookies have moved well beyond analysing the behaviour of their customers in an attempt to restrict those who will beat them, into employing increasingly smart technology to catch those who discover loopholes and cover their tracks.

Tracking software has become ubiquitous with all major bookies – the likes of iesnare and iovation have been the subject of huge controversy as the grey area of customers’ privacy is challenged. But avoiding these legally-dubious methods is just the first step to take when engaging in the battle of smarts and wills with the online bookmaker and by which ‘unwelcome’ punters can keep under the radar of the bookies’ account-coding teams.

These teams work hand-in-hand with the liabilities department, examining each bet that meets certain criteria, such as those which are due to return more than a certain amount, those from punters who are already being monitored, or those on specific events or niche markets where the firm in question might be vulnerable to savvy customers.

One approach is to try to avoid being ‘coded’ at all – to escape the attention of the hawk-eyed account restrictors by staying under the radar with small bets in the hope of not being noticed. This is possible but it’s tougher than ever to pull off – if your betting patterns are shrewd you’re likely to get noticed at some point and then it’s back to square one.

Try and get marked up early as a ‘safe’ account

Another method, and the one we’re focused on here, is to actively try and get marked up early as a ‘safe’ account, one in which the betting patterns suggest it’s operated by a typical losing punter.

This involves pre-empting the marking of the account by making it look as though the account will be a winning one for the bookie, one likely to consistently lose money over the long-term.

These accounts will tend to have a less rigorous filter applied to them, meaning that for bets to appear on the liability team’s screens they have to be at or close to the market’s maximum stake, or that the event is being subject to particular scrutiny (in which case all bets on that event will be flagged up).

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Put yourself in the bookies shoes

To get an idea of how to go about this, try putting yourself in the bookie’s shoes – if you were charged with coding accounts as good or bad for business, what would you do?

The customers that firms like the best are those who lose consistently and reliably, whether involving big or small amounts. Punters like this who lose small (probably 95 per cent of a firm’s active clients) rarely appear on the coders’ radar as the system filters their bets out as irrelevant – they’ll generally be small non-price-sensitive stakes on big markets, or multiples thereof.

To come to a coder’s attention with a young account then it generally would require that account to feature bets on small markets or niche events with bets close to the maximum stake allowed. If you open an account and your first bet is a large one at a stand-out price on, say, a speedway event, it’ll raise a red flag.

If, on the other hand, it’s Sunderland to beat Chelsea 6-2 or a goalscorer accumulator across a few live games, your bets will either be passed over or you’ll be considered a ‘safe’ punter and put under consideration to have your staking limits increased by 20 or 50 per cent.

Consider opening your account at a busy time – like the Grand National

Therefore one approach is to open your account and making your first wagers at a busy time for the firm – the afternoon of the opening day at Aintree or Cheltenham will guarantee your first few bets will sneak through unnoticed. Together with a sign-up offer, a few doubles or trebles on horses close to best price will fit in with the profile of a typical punter, all while giving an expected return of close to 100 per cent of your outlay. The forthcoming Aintree meeting culminating with the Grand National is as good a time as ever to do this.

Bookies don’t like serial bonus (ab)users but they’re generally happy to oblige customers who they feel will be long-term losers, so free bets can generally be incorporated into the ‘churn’ of a new account, lowering the cost of getting the account into respectable shape.

After a few neutral bets on high-profile races or football games, consider a couple of spins of the roulette wheel or engage the ‘cash out’ feature. Most shrewd punters will run a mile from these gimmicks, which take margin from you at both ends of the bet, but that’s the point – these are the kind of customers they’re looking for.

Likewise, in-play football and tennis betting, where the odds are generated automatically and at high margins, are good markets to throw a bookie off the scent, as are ‘virtual’ markets, which have a casino-style house edge built in.

Unfortunately, this strategy will almost inevitably entail losing money for the first few bets but smart punters have to consider the long game – with the bigger picture in mind this should be considered a sacrifice worth taking.

Long-term value of a bookie account that goes under the radar

You might lose a few quid this way, yet have the long-term value of a bookie account that goes under the radar. That can be priceless.

Only once your account reflects the behaviour of a casual punter should you try to draw attention to it by striking bets that will get you noticed by those monitoring the bet streams. ‘Mug’ bets on any sport but particularly football accumulators or side markets at below top price should be considered alongside your ‘shrewd bets’.

If an account marker likes what he sees, he might deem your account ‘safe’, increase your staking limits and hopefully enable you to fly under the radar if you manage your account carefully. This involves generally avoiding hitting maximum stakes (75% or less of the limit is a good guide – anything higher will attract the attention of the liabilities department) and steering clear of niche sports and small, illiquid markets which could attract the attention of compilers as well as liability managers.

Remember, you’re trying to strike a balance between persuading a trained operative that you’ll be a consistent loser in future, without losing too much money while doing so. It’s not easy but it can be relatively cheap if you stick to big prices (which should in reality be far bigger) which will have lower maximum stake limits and therefore trigger the bookie’s monitoring systems without having to risk a lot of money.

If this approach is successful and your account has been deemed ‘safe’, it will be monitored more loosely, allowing bigger stakes and hopefully increasing its lifespan. Care still needs to be taken of course, but if your limits are raised and your bet doesn’t automatically pop up on a liability manager’s screen, that’s half the battle won.

4 key points to consider…

So in summary, the main advice would be:

  • Avoid drawing attention to your account in the first few days; bet like they want you to bet for your first couple of dozen or so wagers.
  • Use the firm’s gaming app a few times and cash out a few bets; play in-running sports markets and the occasional virtual race.
  • Once you’re happy your account history looks like that of a losing punter or chancer, bet to get noticed, ideally avoiding busy times so they can get a good look at your apparent ineptitude.
  • This means hitting maximum stakes on poor value bets (ideally at big prices, to limit losses), which will appear on the liability screens, meaning your account will be examined.

If the employee monitoring the liability screens likes what he sees and is in a good mood, he may loosen the restrictions on your account and help your account stay under the radar, increasing its lifespan.

Whatever you do – good luck with your betting and keeping your bookmaker accounts open as long as possible. It can be done with the right approach.

More advice at hand…

My thanks go to our ‘bookie insider’ for taking the time to pen the above article and share his insight with us all. Thousands of new punters open up accounts to bet on the Grand National (which takes place on the 14th April this year), so its a great time to consider trying to hide in plain sight.

Whilst restrictions of bookmaker accounts are a real problem, there are always things we as punters can do to circumnavigate them such as:

  • Not always taking the absolute best price on a bet
  • Never taking a price with a bookmaker which is shorter on a betting exchange (they will accuse you of arbing)
  • Being sensitive to which markets and when betting on them might flag your account (for example – taking early prices for all non-major horse racing markets is a big no-no)
  • Avoiding specific niche markets
  • Spreading your stakes and winnings around the bookmaker accounts you maintain.

There is further, detailed advice on all of the above and more in the special Restrictions & Closures only section of the SBC website (SBC membership required) for those of you keen to learn more.

Plus – Advice on the best Exchange-only Tipsters

One of the absolute best ways to avoid all issues of restrictions is to simply bet on Betting Exchanges only. There are more valid exchange options available these days with Smarkets, Betdaq & Matchbook all offering lower commission rates and challenging Betfair’s long held dominance so its a growing area. None of whom will ever restrict or close your account for being successful.

For those of you keen to find out more on the Exchange based tipsters we recommend, you can find a list of them available via the Exchange Betting members-only section of the SBC website.

Every single tipster review we publish these days explores the potential of following them via Betting Exchanges with more and more options coming out of the woodwork these days.

Some can be followed at Betfair SP, with others simply by placing your bets in live racing or sports markets and getting great value prices.

So, even if you have had your bookmaker accounts closed off, there are still several very genuine and realistic options out there for you!

You can read all of our expert content on avoiding restrictions and the best tipsters for betting exchanges with a Smart Betting Club membership.


You can also enjoy a 90 day anytime money-back-guarantee, so you can try our service out for size and if you find it not to your liking (something we feel is highly unlikely) then claim a full refund.

We know we can make a difference to your punting – so why not sign-up right away and get started immediately.

Best Regards,

Peter Ling
Smart Betting Club Editor
pete@smartbettingclub.com

Betting Exchange & Bet Broker Guide: The Best Places To Bet

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Discover the best places to bet this coming football season with SBC’s brand new ‘Betting Exchange & Bet Broker Guide’ – available now for instant download!

IN FACT – whether you bet on football or other sports like horse racing, golf, tennis, cricket and any major US sports like NBA, NFL – this guide will help show you the best firms to bet with.

Tackling 4 of the best firms we have found and examined ourselves – the guide avoids all the usual bookies you already know about and focuses on the lesser-known firms that the professionals use. You can also read our exclusive interviews with each firm on what they offer.

They might not be household names or have a bookie shop open in every town, but what they do offer you is the chance to get better value odds on your bets.

Combined with much lower commission rates if using the exchanges we recommend, it all adds up to more profit when you win!

Sign-up now to gain instant access (and the entire SBC back catalogue) or read on for more…

The SBC Betting Exchange & Bet Broker Guide

SPR Cover Part 4

Also – Grab Parts 1, 2 & 3 Of Our New Football Season Compendium
(PLUS Part 5 When Released Shortly!)

Alongside instant access to the Exchange & Bet Broker Guide (Part 4), you can also access Parts 1, 2 & 3 of our 2017/18 Essential Football Compendium the instant you join the Smart Betting Club.

Part 1 is our Sports Tipster Report which features updates on 24 of the best sports betting experts we continually monitor. Including details on the new Hall of Fame Tennis tipster hitting a 10.5% ROI from 1480 tips AND the Baseball expert averaging 133% betting bank growth each year.

Part 2 is our 17/18 Football Tipster Guide, which features our take on 12 of the very best football tipsters we monitor with updated ratings, rankings and recommendations for the new season. You can also read detailed interviews with several of the expert tipsters included on their strategies for the coming season and how best to maximise their advice.

Part 3 is our in-depth review of The Football Guru service from the Betting Gods tipster network. We examine the pre-match and in-play tips from this popular expert to gauge exactly how their performance stacks up.

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You can also now join the Smart Betting Club with the full peace of mind provided by our full 90-day make money guarantee.

Sign-up for either a Gold or Platinum membership and if you don’t like what you see, you can get your money back at any time during your first 90 days as a member.

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Best of all if joining the Smart Betting Club today you can also save up to a whopping £38 on the usual cost of membership.

This is because we have slashed the price of joining to ensure as many people as possible have access to our reports, magazines and guides.

We know we can make a difference to your punting – so why not sign-up right away and get started immediately.

See you on the inside.

Best Regards,

Peter Ling
Smart Betting Club Editor

pete

Restricted By The Bookies? 10 Expert Betting Exchange Tips (Part 2)

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Today, I am continuing with Part 2 of my guide to using the betting exchanges to maximise your racing profits

If you missed Part 1 on this subject, you can read my first 5 betting exchange tips here

OK, back to business with Tips 6 through to 10…

6) Don’t Bet If The Value Has Gone

Although it’s down as point 6, in actual fact it is one of the most fundamentally important points to consider when betting full stop: VALUE.

All successful punting is based on the concept of value betting – the fact that the odds for any particular bet are priced in your favour. The odds you take on a bet really matter.

If you can get 5/1 on a horse that should be 4/1, then you have a strong value bet.

Yet if the same tipped up horse at 4/1 is only available at 3/1 – the opposite applies.

If you constantly are taking too short a price on a horse, you will lose money.

Which is why it’s important to ONLY bet if the value is still there.

Many good tipsters recognise this and put up their minimum value odds to make you aware of where the value cut-off point actually lies.

They recognise that a tip might see market support and if it does, you know where to draw the line.

If restricted to exchange betting, look out for this and stick to the minimum value thresholds – they are there for a reason and they will guide you as to the prices to take.

And whatever you do – never feel obliged to place a bet regardless the price. The next value bet will be along before you know it. Feeling you NEED to have a bet for the sake of it is not healthy for you or your bank balance!

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7) Recognise You Will Win Some, Lose Some

Mindful of the need to take a value price, if exchange betting you must accept that sometimes you will miss out on a bet if the odds are too low.

Yet on the flipside, you might also get BETTER odds on other bets when the odds drift.

Whilst on occasions, you might miss out on a winning bet because you can’t get the right odds, on other occasions you will enjoy a bigger payout through this strategy.

If and when this happens, remember the logic behind it all and try to be as phlegmatic as possible.

All gamblers HATE missing out on winning bets, especially if they feel they should have been on it, yet they very rarely remember the times they missed out on a bet that lost.

My suggestion here is to consider keeping a record of each occasion you miss out on a bet (both winners and losers) or get a greater value price than you might have originally. Through this, you can track the ups and downs and see at a glance exactly how you have fared overall.

I Like That SBC Is Independent”…

I like that the SBC is independent. I know that when they recommend a tipster, or upgrade or downgrade an existing rating, that their opinion is based on results and judgement, not on hidden commissions.”    
As written by ‘K’ – SBC member

Click here to read more from K on his SBC membership experience

8) Don’t Worry About Drifters

Flowing on from this last point – don’t also get too bogged down by the idea that a ‘drifter’ (a horse whose odds get bigger as the race draws nearer) is no longer worth backing.

Racing pundits like to bang on about horses being weak or friendless in a market, yet the reality is they have no idea if this market move is significant or not.  They are often just filling airtime.

If market support was so telling – everyone would simply lump on a horse at the first sign of it being backed in.

Unless there is clear evidence a horse has something wrong with it before a race, don’t be unperturbed by backing a ‘drifting’ bet.

Look at it instead as a chance to get better value. If you can get 10/1 about a tip advised as value at 6/1 earlier in the day – take it!

After all, unless the horse in question has a major problem – if a tipster you trust said that 6/1 is a value price, then 10/1 will represent a massive increase.

 

9) Can’t Get Matched Straight Away? Put In A Request

If you can’t get on a bet earlier in the day at a value price, you might also like to consider putting in a request to get matched on the exchanges later on that day.

There are two ways you can do this – requesting a price pre-race and also in-play.

Pre-race betting is easy – you set the odds you want to take and put the request into the market to hopefully be matched. If come the start of the race it isn’t matched, the bet is cancelled.

Putting a bet in the in-play market is different as it ensures the bet will also remain available throughout the race as it takes place.

When doing this, it’s important to be aware that you will ALWAYS be matched in-play on any bet that loses the race BUT there is no guarantee you will be matched on a winner.

Therefore, you do have to approach in-play betting with caution and it is best when used in conjunction with watching a race live and an understanding of racing in general.

You also might only want to leave a bet to be matched in-play, when the odds pre-race are very close to those you wish to take OR perhaps risking only half stakes.

Equally if you have a good knowledge of racing, you might want to make judgements based on the competitiveness of each race, the merits of each horse (does it prefer setting the pace or being a backmarker) and the distance run.

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10) Don’t Limit Yourself To Just Betfair

When most punters think of betting exchanges, they immediately think of Betfair, which is only natural as they were the original and now biggest exchange.

These days, Betfair do standout for another reason – they charge a higher commission rate then many of their rivals.

Betfair’s base rate starts at 5% commission on all bets – a sum that does decrease but only once you place a significant number of bets with them.

Instead I recommend you open and use accounts with 2 exchange rivals: Smarkets & Matchbook – both of whom charge much lower commission rates. Smarkets for example charge a flat 2% commission on all bets.

This 3% difference might not sound like a lot but it really does all up over time.

Another alternative option is also Betdaq, although their commission rate also starts at 5%.

My suggestion therefore when exchange betting is to try and place your bet with either Smarkets or Matchbook first.

Usually you will be able to obtain identical odds to those on Betfair, yet you lose less in your winnings to commission.

MAKE MONEY BETTING WITH TIPSTERS

I do hope over the course of this 2-part guide I have helped provide some answers to questions you might have about betting on the exchanges.

If you are looking for further assistance with your racing betting (or just betting in general) then you might like to consider a Smart Betting Club membership.

We track hundreds of tipsters each day in order to independently report back on the best experts that can realistically make money betting – whether on the exchanges or with the bookies.

So why not join up today and see how we can help you and your betting.


<< JOIN THE Smart Betting Club TODAY >>

See you on the inside.

Peter Ling
SBC Editor

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pete

Restricted By The Bookies? 10 Expert Betting Exchange Tips (Part 1)


It is common knowledge these days that if making money betting on horse racing, you will at some point encounter difficulty with either your stakes being restricted or even your bookmaker account being closed.

There are some exceptions to this rule such as the ‘winners welcome’ firm, Black Type and it’s fair to say that each bookmaker approaches it differently (as outlined in our ‘Getting On’ Report last September).

Yet for many punters, one of the most popular places to bet without issue are the betting exchanges.

Which is why I have put together this 2-part guide, featuring 10 betting exchange tips for following racing tipsters.

 

1) Understand When The Money Hits Racing Exchange Markets

As an exchange-only racing punter, it’s important to understand that the vast majority of money only starts to flow into most racing markets approximately 10 to 15 minutes before the off.

(I say most as there are some obvious exceptions such as at Cheltenham or other big race meetings, which will see larger sums traded earlier)

To showcase this, compare the amount of money traded on Betfair for each of these 5 races that took place on Monday the 27th March 2017.

I simply noted down the amount of money traded at 3 time points: 21 minutes, 11 minutes and 1 minute before the off for each of the 5 races.

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Without exception, the most trading took place in the 11 minutes before each race started.

Take the 4.30pm race as one example – at 4.19pm, there was £60,925 traded yet come 4.29pm, this was £495,057.

Within 10 minutes an extra £434,132 had been traded – 87% of the entire market!

The knock-on effect of this is two-fold.

Firstly, its knowing that the majority of trading takes place and when your exchange bet is most likely to be matched.

Secondly, its understanding that prior to the final 10 minutes, it is harder to get your racing bet accepted, especially if it’s based on advice coming from a popular tipster.

 

2) Avoid Tipsters That Advise Bets Early

Just as the final 10 minutes leading up to race time sees most of the action on the exchanges, the very early stages of a racing market see very little activity indeed.

All of which makes understanding how far in advance a tipster puts up a bet crucial, because as a general rule – the earlier a tip is put up, the harder it is to get the advised price (and vice versa)

Tipsters who advise tips the evening before racing, often provide you with next to no chance of following if restricted to using the exchanges only.

To give an example, I currently proof one racing tipster that puts up bets around 6pm the evening before racing.

As I write this article I noted they had just put forward a tip at 6/1 for a race at 3.20pm the following day. Immediately jumping to the Betfair market for this race, I found that just £492 had been matched across all 10 runners in this race at that point.

The advised 6/1 price was now as short as 5.1 (4/1) on the exchange so already the value had to a large part disappeared. Obviously a few punters following this tipster had gobbled up what little money there was to be had at 6/1.

It’s a scenario I have seen unfold countless times with this tipster (and it’s the main reason we have not recommended them to SBC members) and they are patently unsuitable to an exchange-only punter.

Yet they are not alone in tipping up so early in advance of a race – so be very careful to avoid such tipsters if limited to exchanges only.

I have made around 20k per year extra”…

I used to work as trader for Paddypower and Sportsbet so i have an obvious interest in betting. [Using Tipsters] I have made around 20k per year extra.”    
As written by Justin – An SBC member since December 2013

Click here to read more from Justin on his SBC membership experience

3) Focus On Tipsters Where The Odds Hold Up

The next point is an obvious one – if using exchanges, don’t follow tipsters where the advised odds are going to get smashed in.

Take for example a free tipster like Hugh Taylor. As soon as he puts up a tip, hundreds of people rush to bet on it and in turn the bookies slash the odds due to the huge volume of money coming in.

Yet, despite this, Hugh still settles his bets at the original advised price he quotes, which only a very small number of punters will have realistically obtained.

In this scenario, there is next to no chance you will get matched on his tips at this price via the exchanges UNLESS the price bounces back. And given how much his odds move downwards, this is highly unlikely to happen too often.

This is why here at SBC we rate all tipsters by ‘odds availability’ and track how their odds move compared to the results they settle to. It helps to identify tipsters you can use on the exchanges.

Take the odds tracking we performed on one tipster first reviewed in November 2016. We tracked over 100 tips and how their advised prices moved immediately and after 15 and 60 minutes had elapsed.

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As the table indicates – the average odds available after 0, 15 and 60 minutes were better than those the tipster was quoting!

Why exactly was this? Well, it went down to the simple fact this tipster was only quoting a price if AT LEAST 3 proper bookmakers were offering it and wasn’t putting the tips up until around midday.

Effectively, you could improve on the quoted odds and ultimately this is exactly the type of tipster you can follow on the exchanges.

4) Consider Betfair SP Tipsters

One of the simplest angles to make a profit on the exchanges is by following tipsters that make a profit at Betfair SP (after commission of course!).

They offer the easiest, most simple approach as once a tip comes in – you simply place the bet, stick in your stake at Betfair and walk away.

Although the number of profitable Betfair SP tipsters is growing, it’s still a fairly small pool to choose from currently.

Alongside All Weather Profits (read all about them and their £1 30 day trial here) I have recently been investigating another racing tipster with a tremendous track-record at Betfair SP.

Over the course of 1092 bets – at simple 1 point level stakes, they have made a 167.3 point profit at 15.3% ROI. This is after 5% Betfair SP commission has been deducted.

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Providing one simple angle for those of you after a simple exchange tipster for you follow.

5) YET…If You Can, Don’t Always Take Betfair SP!

Whilst the Betfair SP angle does work and is good for those of you short of time – you can often get better prices simply by taking a bet on the exchanges closer to the off rather than just Betfair SP – especially when it comes to a popular tipster.

This is because the more people that bet on a horse at Betfair SP, the greater the chance that the final Betfair SP odds will be shorter than they should be. Betfair SP effectively cannabilises itself.

Therefore, if following a ‘Betfair SP’ tipster, my suggestion for optimal profits is to consider placing a bet in the traditional exchange market before the race starts.

This might require you logging onto the exchange in the 15 minutes before the race and simply taking the best price available at this time.

By doing this, you can often get a better edge than simply taking Betfair SP.

 

MAKE MONEY WITH TIPSTERS

That’s my first 5 tips done and dusted and I will be back in a few days with 5 more pointers on how to use the exchanges if following tipsters.

In the interim, if you are interested in discovering more on the best tipsters for use on both betting exchanges and with bookmakers, then the Smart Betting Club is here to help you.

Our uniquely detailed reviews, ratings and recommendations will showcase to you the best tipsters across a whole variety of categories including:

  • The Best Horse Racing Tipsters
  • The Best Sports Tipsters
  • The Best Free Tipsters
  • The Best ‘Odds Availability’ Tipsters
  • The Best Betting Bank Growth Tipsters
  • & Much More Besides!

Making it as easy as possible for you to find the right tipsters for you to follow!


<< JOIN THE Smart Betting Club TODAY >>

See you on the inside.

Peter Ling
SBC Editor