As Pinnacle’s Director of Trading my job is to manage risk, and the same should be true for every bettor out there trying to make money. I love reading about how bettors approach risk and bankroll management and was inspired to make my first contribution to Betting Resources to expose…
With the release of his latest book, Leading, Sir Alex Ferguson took a step back from soccer memoirs to reveal the secrets of his winning ways in the 38 years he spent managing Manchester United and Aberdeen. What are his secrets of success? What can bettors learn from it? Read on…
Pinnacle has been successfully operating a unique high volume, low margin, winners welcome model since 1998. We are often asked why this approach hasn’t been successfully copied. The fascinating answer I got back from our Trading Director is both an interesting commentary on modern bookmaking and a metaphor involving a…
The principle of value betting is not to bet when you think you will win, but when the probability of you winning is greater than that implied by the bookmaker’s odds. To be a profitable bettor means that your judgement is better than your bookmaker’s. In this article, Joseph Buchdahl…
For those of us who use tipsters to find positive expectation there are two important questions. Is the tipster lucky or skilled? And is the track record genuine? We have previously investigated how to evaluate a tipster’s ability and how to test a betting record for evidence of predictive skill over…
Visit 1xBit >>> Year established: 2016 Mobile compatible: Yes Jurisdiction: Curacao Overall rating: C Recommended: For recreational players (Cryptocurrency Sportsbook) 1xBit Sportsbook Review Launching in 2016, as a subsidiary of 1xBet, 1xBit utilises the rising demand for Bitcoin based gambling. Despite its youth, 1xBit is already in a commanding position in the…
Coliseumbet.com Year established: ? Mobile version: Yes Jurisdiction: Costa Rica Overall rating: C- Recommended: For recreational players Coliseumbet Sportsbook Review According to the information on the official website, Coliseumbet is owned by Coliseum B&T Solutions Limited, which was registered on the island of Anguilla in the Caribbean in December 2013 under the…
Vulkanbet.com Year established: 2015 Mobile compatible: Yes Jurisdiction: Malta Overall rating: C- Recommended: For recreational players VulkanBet Sportsbook Review Vulkanbet is an online Casino and Sportsbook, opened in 2015 and headquartered in Malta where many of the top bookmakers are based for tax and regulation purposes. Originally an online casino, the…
Betfinal.com Year established: 2015 Mobile compatible: Yes Jurisdiction: Curacao Overall rating: С Recommended: For recreational players BetFinal Sportsbook Review Betfinal joined the online bookmaker industry in 2015, and is owned by Final Enterprises with its license being held in the Caribbean on the island of Curacao. Betfinal claim on their website…
Sunbets.co.uk Year established: 2016 Mobile compatible: Yes Jurisdiction: United Kingdom Overall rating: B+ Recommended: For recreational players SunBets Sportsbook Review The product of a partnership between News UK and Tabcorp Sun Bets has the potential to disrupt the gambling industry and become a new Tier 1 bookmaker. In a period of…
Sportsbet.io Year established: 2016 Mobile compatible: Yes Jurisdiction: Curacao Overall rating: C Recommended: For recreational players (Cryptocurrency & Fiat Sportsbook) Sportsbet.io Review Sportsbet.io is one of the most established and legitimate cryptocurrency betting sites in existence right now. It accepts players from all over the world and is similar to many…
The Holy Grail for bettors is generating a regular income from their activities. Professional bettors are a small and exclusive group, understandably reluctant to share their insight. Despite this, we managed to speak to an insider in the niche business of a sports betting hedge fund to find out the lengths they…
The dream of winning the lottery has been an integral part of human history throughout the ages. Politicians, philosophers, emperors and – last but not least – lottery winners, have all profited in different ways. But who invented the lottery and why? Which historical figures benefitted the most out of…
Knowing about something before anyone else is the key to successful betting. Instead of wasting time with soccer betting tips, smart bettors will collate as much information as possible, analyse the impact it could have on the market and then bet accordingly. Information could change the way you bet and…
With success stories of professional bettors living the good life all over the internet, how easy is it to get consistent profits in the sports markets? Joseph Buchdahl, who has evaluated over 100 tipsters in his career as a betting analyst, has the answer. Are winners perhaps overestimated? Read on…
Opinion is free, but information is very expensive, which is a harsh reality for bettors who derive an edge from reacting to news before the odds do. In an ever-more digitally connected world the volume of free opinion is rising exponentially, bringing us to the point of a ‘post-truth’ era….
The law of small numbers is a cognitive bias where people show a tendency to believe that a relatively small number of observations will closely reflect the general population. Read on to test your logical powers with the hospital quiz and find out how graphs can be misleading and what…
Bitcoinrush.io Year established: 2013 Mobile compatible: Yes Jurisdiction: Panama Overall rating: С+ Recommended: For recreational players (Bitcoin Sportsbook) Bitcoin Rush Sportsbook Review Bitcoin Rush is a relatively well established bitcoin betting platform having launched in 2013. It offers customers both a sportsbook and casino option. The casino games option is particularly…
Lunarbets.eu Year established: 2016 Mobile compatible: Yes Jurisdiction: ? (not specified) Overall rating: C- Recommended: For recreational players (Bitcoin Sportsbook) Lunarbets Sportsbook Review Advantages: – New bitcoin sportsbook; – Emphasis on anonymous playing; – Availability of different sporting events; – Fantastic e-sports coverage; – High bet limits; – Sleek and…
BetBTC.co Year established: 2014 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: B- Recommended: For recreational players (Bitcoin Sportsbook) BetBTC Review BetBTC is a solid brand in the cryptocurrency gaming sphere. It is operating since 2014. Recently the former betting exchange was converted into a sportsbook (bookmaker), offering a ton of…
Fairlay.com Year established: 2014 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: C Recommended: For professional players (Prediction Market / Bitcoin Betting Exchange) Fairlay Review Fairlay has recently burst onto the scene as a cryptocurrency (Bitcoin) betting exchange, where rather than use fiat currency for your sports betting, you can anonymously bet…
Coinbet24.com Year established: 2015 Mobile compatible: Yes Jurisdiction: Curacao Overall rating: C- Recommended: For recreational players (Cryptocurrency & Fiat Sportsbook) Coinbet24 Sportsbook Review Initially, the Coinbet24 brand was founded in 2015 solely as a bookmaker and remained so until recently. However, with the growing popularity, the management decided to add many new…
Anonibet.com Year established: 2011 Mobile compatible: Yes Jurisdiction: ? (not specified) Overall rating: C Recommended: For recreational players (Bitcoin Sportsbook) Anonibet Sportsbook Review Anonibet is a sports betting operator that specialises in Bitcoin payments and, as its name suggests anonymous betting. They have been operating for a long time, especially when compared…
JetWin.com Year established: 2013 Mobile compatible: Yes Jurisdiction: ? (not specified) Overall rating: C+ Recommended: For recreational players (Bitcoin Sportsbook) JetWin Sportsbook Review Jetwin Sportsbook and Casino has burst onto the since as part of the newest flavor of the month – bitcoin cryptocurrency. Bitcoin is the primary currency of use…
Youwager.lv Year established: 1994 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: B Recommended: For recreational players YouWager Sportsbook Review YouWager has a rich sportsbook history. The first thing players will notice as they click on the website is that YouWager boasts about its 23 years of experience, and tally of…
DirectBet.eu Year established: 2013 Mobile version: No Jurisdiction: Malta Overall rating: B Recommended: For recreational players (Cryptocurrency Sportsbook) DirectBet Sportsbook Review DirectBet does not force users to create an account. Users can anonymously place bets and have the winnings sent directly to their wallets. It is a platform for any bettors…
Betcris.com Year established: 1985 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: A Recommended: For recreational players BetCRIS Sportsbook Review BetCRIS is not a well known name in the UK or much of Europe but it boasts a Maltese licence which it has had since 2011. It’s registered under a company…
Visit BetCoin >>> Year established: 2013 Mobile compatible: Yes Jurisdiction: Curacao Overall rating: A Recommended: For recreational players (Cryptocurrency Sportsbook) BetCoin Sportsbook Review Betcoin.ag is a cryptocurrency focused online betting platform. It accepts not only the most established Bitcoin but some other popular cryptocurrencies too. It operates a sportsbook, and offers…
Visit BetDSI >>> Year established: 1998 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: B Recommended: For recreational players BetDSI Sportsbook Review BetDSI is a part of the Diamond Sportsbook International Online. Since 1998 it has been live and licensed by the regulators in Costa Rica. Its tagline is ‘It’s only…
NitroBetting Review >>> Year established: 2014 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: A Recommended: For recreational players (Bitcoin Sportsbook) Nitrogen Sports Review Nitrogen Sports is one of a new wave of Bitcoin bookmakers. This allows them to target whichever regions they care to globally. It’s located in Costa Rica…
Sbgglobal.eu Year established: 1996 Mobile compatible: Yes Jurisdiction: Costa Rica Overall rating: C Recommended: For recreational players SBG Global Sportsbook Review Based offshore SBG Global begun life in 1996 and got its name from a perceived marketing opportunity arising from the closure of the large Steve Budin owned company SDG Global, which…
Do odds represent true probabilities of an event? A leisurely stroll in the library and the discovery of a highly cited academic book is what put Dominic Cortis on the quest to discover why odds deviate from actual results. Read on to find out what bettors can learn from behavioural…
The Law of Large Numbers was established in the 17th century by Jacob Bernoulli showing that the larger the sample of an event – like a coin toss – the more likely it is to represent its true probability. Bettors still struggle with this idea 400 years on which is…
We have all dreamt of being rich and this is one reason why people buy lottery tickets, even if the odds of scooping the jackpot are depressingly low. But how low are the odds exactly and what can you do instead to make money? The human brain can be brilliantly…
The term “hot hand” originates from basketball, where a player’s probability of hitting a free throw is believed to be higher after a hit than a miss on the previous shot. In sports betting scenarios, the term is used to describe a bettor with a persistent winning record. But is…
It’s unlikely that you have ever wondered whether you are more like Fox or a Hedgehog. Important scholars stretching back to the Grecians have, however, used this animal analogy to characterise important traits that illustrate the way we think and impact our ability to successfully predict. One man’s crusade to…
If you have a difficult conundrum, it’s reasonable to assume that the more people you survey, the better your solution will be. This theory is known as the ‘wisdom of the crowds’, and is an effective way of making decisions under uncertainty, like estimating the probability or outcome of a…
One of the most common betting mistakes is to confuse specialist knowledge in sports with a specialty in sports betting. This error is illustrated by the proliferation of ex-professional sports stars that become betting tipsters or self-proclaimed experts, and is neatly described by the “Green Lumber Fallacy”. One of the…
When was the last time you decided to bet on a team, but found new information and decided to back their opponent? If you don’t do this very often, it could be because you’ve become a victim of “confirmation bias”, a phenomenon that can harm your betting. The theory behind…
Whether a golfer, soccer player or tennis star, professional sportsmen hate to lose. That’s obvious. But did you know that athletes actually perform better in situations where they are striving to avoid defeat, rather than if they were just aiming to win? The psychology behind this “loss aversion” is simple:…
There’s no doubt the best sports stars are defined by their ability to consistently avoid defeat: Roger Federer at Wimbledon, Jose Mourinho at home and Floyd Mayweather in the ring. But are these sprees caused by great skill – or just good luck? The characters listed above are all at…
Many people bet intuitively. They rely on what they know or feel about a particular team or player to make an on-the-spot assessment of their chances of success. While intuition is reliable at instantly working out if someone is angry with you, it isn’t great with probability judgements and the…
Do you know why betting on your favourite team is a bad idea? It’s for the same reason lotteries are so popular and people find judging the likelihood of rare events, like a hole-in-one, so difficult. It comes down to skewed perception resulting from what are known as the Possibility…
People are prone to misinterpreting a sense of control in situations that are inherently random, uncontrollable or unpredictable. This illusion of control is especially pertinent to gambling, and should therefore be something that all bettors understand and try to guard against. Find out how. The Need for Control – Skinner…
The Monty Hall problem is a prime example of how, when presented with the simple challenge of selecting one favourable outcome against two unfavourable outcomes, we display a basic inability to correctly weigh up the chances of success. This is crucial for bettors because in simple terms, if a bettor…
A lot of gamblers trust gut instinct to bet without realising that relying on ready made rules of thumb – known in psychology as heuristics – can lead to poor decision making. Find out what the most common heuristics are and how to avoid them? There is a very good…
Whether it is the tennis Australian Open or the baseball World Series, the outright odds are the market that number one bettors look at the outset of a competition to assess the strength of the contenders. With the tournament design having a strong impact on the odds, which format favours…
The format for betting odds can vary depending on which part of the world you live in. The two most common options used are Decimal and American odds. But what is the difference, how do you calculate returns for each format and convert from one to the other? Read on…
If you are not familiar with our BetShares, you could be missing out on a great tool to help your betting predictions. Are you undecided about which team to bet on? Are you wondering where the most bets have been placed? BetShare is the answer to your questions. Read on…
With a large number of bookmakers claiming to offer the best odds and an equally large number of websites comparing betting odds, are you really getting the best deal? In this simple guide we explain how odds work to help you make educated decisions when looking for the best betting…
