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Betting system reviews.

Betting exchange sites review

Betting exchange are an interesting alternative to common online bookmakers.  Imagine being your own bookmaker, and being able to bet against something happening empowering users to take an opposing view to traditional bookmakers.  Let’s Compare Bets has lots of information about the benefits of betting exchanges.  Instead this post will focus on reviewing the best betting exchange sites available to users from the UK, Europe, Australasia, Americas, Middle East, Asia and Africa.

Betfair

Pioneers of the betting exchange format they are the ones who started exchange betting.

Positives

  • Worlds largest betting exchange
  • Liquidity is high in more markets than rivals, from betting on darts to Premier League football (liquidity is money on both sides of the book. Lots of participants backing and laying in order to make the market)
  • Offer fixed odds as well as betting exchange odds
  • Large marketing budget enables them to offer generous sign up bonuses for new and existing customers
  • Great website
  • Cash out feature allow members to collect the value of their bet before the outcome has been described
  • Free and premium software available allowing people to unlock advanced features of the exchange

Negatives

  • Exchange commission is 5% which is high, but, discounts are available

Who can use Betfair?

Currently the website is available in English, Spanish, Portugues, Romanian, and Swedish.

People from Europe who want to register for Betfair can do some from these countries.

  • UK
  • Ireland
  • Netherlands
  • Estonia, Latvia, Lithuania
  • Poland
  • Belgium
  • Hungary
  • Macedonia
  • Moldova
  • Croatia, Serbia, Montenegro
  • Romania, Slovakia, Czech Republic
  • Sweden, Denmark, Finland
  • Spain
  • Bosnia-Herzegovina
  • Germany (no Exchange)
  • Malta (no poker or multiples)
  • Russia
  • Ukraine
  • Lichtenstein
  • Luxembourg
  • Switzerland
  • Norway
  • Gibraltar

Countries from Australasia 

  • Australia
  • New Zealand

From Asia

  • Indonesia
  • Malaysia
  • Singapore
  • Hong Kong
  • South Korea
  • Saudi Arabia (Afro-Asia)
  • India
  • Philippines

From America

  • Allowed within Delware, New Jersey and Nevada via TVG (a Betfair company)

From South America

  • Brazil
  • Argentina
  • Columbia

From Africa

  • South Africa
  • Egypt

Note; local rules and regulations change. For instance Betfair is currently (2016) applying for a Portuguese gambling license and is not accepted members from Portugal until this completes.

Betdaq

Betdaq is the second largest betting exchange operator.

Positives 

  • More generous commission discounting  starting from 5%
  • Commission refunds available as a promotion
  • Trading software available from free and paid services
  • free bet promotions on offer

Negatives

  • Less liquidity especially in smaller markets
  • Exchange commission is 5%

Who can open a Betdaq account?

People from the following European countries can open a Betdaq account.

  • UK
  • Ireland
  • Isle of Man
  • Jersey
  • Andorra
  • Gibralter
  • Malta
  • Mauritius
  • Netherlands Antilles
  • Sweden
  • British Virgin Islands

From Australasia

  • New Zealand

From the Americas

  • Argentina
  • Barbados
  • Brazil
  • Cambodia
  • Cayman Islands
  • Colombia
  • Costa Rica
  • Ecuador
  • Falkland Island
  • Panama
  • Venezuela
  • Trinadad and Tobago

The Africas

  • Ghana
  • Mauritius
  • Tanzania

The Asias

  • Azerbaijan

The Middle East

  • Iraq
  • Lebanon

SM Markets

An up and coming betting exchange.

Positives

  • Only 2% commissions
  • A range of markets
  • free bet promotions on offer

Negatives

  • lack of liquidity

Who can use SM Markets?

Accounts can be opened with various different currencies but there is no information about what countries are permitted.  We have requested that information and are awaiting a reply.  The currencies permitted are UK pound sterling, Euro, Australian Dollar, Canadian Dollar, Swiss Frank, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, Japanese Yen, Norwegian Krone, Polish Zloty, Swedish Krona, and US Dollar.

Which of the top 3 betting exchanges you choose should depend on what you want from the exchange.  Betfair is best for placing large bets, doing exchange trading, taking fixed odds or playing casino games.  Betdaq is good for smaller bets on fewer markets and trading in some markets is possible.  SM markets is good for small back or lay bets in fewer markets.  Odds on the betting exchange can often be different on the same event making small exchange arbitrage bets possible.  For a consistent, reliable and low risk way to have fun making cash from betting exchanges visitors should sign up to receive our Bet and Lay manual using the sign up form on this page (look for the button that says YES Please), or by visiting our joining page.

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Cheltenham Festival horse racing

Prestbury Park proudly set in the Cotswold Hill host the Cheltenham Festival each year.  Magners Cider Sponsors the event with entertainment including bars and live music.  Occurring over 4 days in March each year Presbury Park hosts this first class jump racing event.

Icons of The Festival including Ladies Day on Day 2 and a stalwart of National Jump Racing the Cheltenham Gold Cup on day 4.

Over 260000 visitors flock just to the North of the historic town of Cheltenham each year to enjoy the best horse, jockeys and trainers the sport has to offer.  Not to mention the 25000 Irish men and women who fly to the UK to enjoy the event, especially St Patrick’s  Day on day 3.

Each day sports a number of races so there is plenty of action for Punter enjoying the event from home, or at the bookies.

The original Cheltenham Gold Cup trophy has been held in private hands in recent years. Instead of sitting in a bank vault the trophy will be presented to the future Gold Cup winners.  As a perpetual gold cup the original trophy will be retained by Cheltenham Race Course with the winner receiving a replica to keep.

Get the most out of the ante post market with our recommended bookmaker Betfair. Click here to visit Betfair or read our Cheltenham Festival betting bonus page.

 

 

 

 

 

 

 

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Who would want to revive the 1970s?

Jeremy Corbyn, has been well known during his long political career to have rejected wearing a tie. Only since he landed the job of leading the Labour party has he started wearing one. Tellingly he also wears corduroy, not because he wants to look like a school teacher or that he, like corduroy, is durable yet soft, but as a subtle indication as to his political leanings.

Fashion styles can be used as a leading indicator for stock markets and the economy (an indicator of what the future holds). It just so happens that corduroy is making a come back. Among a diverse and long history spanning hundreds of years corduroy was a symbol of the anti-establishment movement in the 1960s and 1970s.  Historians who support and defend the 1970’s defend the quirky fashions and time when recorded music was central to cultural changes.

Radical politicians are back in fashion and the odds have increased that what seems like radical political ideas will cause the UK to repeat history. Citizen Smith (character from the 1970s British TV series) would be proud.

Labour started their decidedly socialist and popular political rhetoric during Ed Miliband’s election campaign. Rail fares and energy prices would be frozen, and, a possible scaling back on Great Birtain’s NATO commitments. Indicating that the political landscape is changing in the UK these manifesto pledges where offering voters something new.

Power to the people

An oft used slogan which gained traction in the United States and was used in the title sequence of Citisen Smith, the 1970’s TV series. American teenagers would use the slogan as a form of rebellion against the older generation, especially the establishment.

No surprise then that Jeremy Corbyn is campaigning heavily to the younger generation. A generation annoyed at poor job opportunities and even lower prospects of increasing pay. Pay increases sufficient enough to pay off their university debts. O Jeremy Corbyn was at Glastonbury of all places to rally Britain’s youth. Labour placards also regularly feature outside music festivals.

The same slogan was came to fame in the 1960s as pro-democracy students used it to protest against the Vietnam War. A costly war that heralded a difference economic period in the USA. The counterculture at the time adopted John Lennon’s songs in the anti war movement (viz Power to the People 1971, written and performed by John Lennon).

Jeremy Corbyn has upped the ante on socialist policies and is returning the Labour party to old Labour. Policies suggesting a revival in 1970s politics include.

  • Bringing more NHS services under government control.
  • Re-nationalising public utilities like the Royal Mail and energy companies
  • Creating the ‘people’s railway’
  • Price caps on energy
  • Plans to pass more power to unions and impose price caps on firms doing work for the Government.
  • Restrictions on calling strikes would be scrapped.
  • Massive spending increases funded by large taxes on corporations and the ‘rich’
  • A pledge for rent controls.

Karl Marx eat your heart out. Mr Corbyn regards Karl Marx as a great economist, something he said on the Andrew Marr Show. Marx is one of the founding fathers of radical socialism. Full of ideologies that have never really worked in a real world environment, but, only in the Ivory Tower of philosophical thinking.

Tereasa May’s feathers where severely ruffled during the last election where the conservative party lost it’s majority.  May is now getting in on the act with planned price caps on energy companies and rail fares, although, they would be implemented in a much more market friendly way. Tereasa May dislikes the unacceptable face of capitalism and wants to hand more power to workers by tackling some of the inequalities in the system such as high executive pay.

Weighing up Tereasa May and Jeremy Corbyns policies and policy pledges, Mr Corbyn is the politician most likely kick off a decade of 1970’s type politics. Our view, at LetsCompareBets.com, is that this is a genuinely well meaning, but probably caused by a misguided notion of National duty with a peppering of opportunism.

So what was up with the 1970’s?

A decade where the nation was in flux. It was a difficult time for young people who where hurt by the sharp end of a recession and unemployment. Stanley Kubrick directed A Clockwork Orange in 1971 (for a reason!).

A period of economic stagnation that put an end to the general post World War economic boom. Known as a period of stagflation where people could not find jobs at a time when prices (of staples, food, energy and transport) where going sky high. People with jobs got large pay rises to keep pace with inflation which reinforced the problem of rising prices.

Three day working week anyone?

Trade Unions had more power than they do now. Due to the miners strike announced December 1973 a three day working week was imposed due to worries over power shortages.

A large trade deficit was accompanied by inflation that peaked at 20% and quickly rising national debt.

Strikes continued to bring the economy to it’s knees and unemployment quickly increased further. Heralding what is known as the Winter of Discontent. Westminster City Council had to use public parks to pile up all the waste that striking waste collectors had left sat outside peoples homes. It wasn’t just the streets filling with rubbish: Schools closed and the dead where left unburied.

Essentially the Government was a massive employer through all the nationalised industries and was held over a barrel by the trade unions. The haves kept a low profile and the have nots got seriously pissed off.

Generally speaking the end of 1970’s where a period of de -leveraging where the United Kingdom had to sort out it’s debts and feel some pain before the economic cycle climbed the other side of the hole it was in. Politics of this period undoubtedly made the process much worse than it needed to be.

Inflation of 20% caused high interest rates in turn causing property prices to collapse which triggered a secondary banking crisis. The top 30 companies in the FTSE stock market saw share price declines of 73%.  The stock market whipsawed back and forth for the rest of the decade.  A sterling crisis was triggered because international markets didn’t want to see the foreign currency reserves destroyed by high inflation.

What is proposed now that makes it all look like a return to the 1970’s?

Free markets are supposed to look after themselves and there are periods of expansion and wealth creation, and periods of contraction. Government is kept at arms length but can use regulation, incentives and giveaways in order to manipulate the economy to benefit sections of society that need a break. Meddling with prices and controlling whole industries centrally (like Mr Corbyn has suggested) distorts the market and leads to more trouble down the road. Money isn’t allocated in the right way, for instance,cap prices and investment seizes up.  When the price cap is removed prices jump much higher to offset the period of under investment. Services suffer. Think energy crises, transport system without the correct safety measures, a tax consuming monster of a public health service, and a shortage of rental property (because landlords are discouraged from investing in properties to let). More and more demands on taxes that just are not being collected due to unemployment, inflation and strikes.

What is the difference now?

Inflation is kept under control by our open borders (something we will lose to some extent with the current trajectory of Brexit talks), globalised supply chains, international finance, and technological progress. Brexit may be seized upon as an opportunity to ride the coat tails of a reinvigorated global economy by allowing the UK to cut trade deals with the rest of the World.

We have not had an oil crisis, like there was in the 1970s. Fuel prices have dropped dramatically from the highs seen before the last economic crash, in turn taking many inflationary pressures out of the system. Food prices are nicely under control due to supermarket price wars and German discount retailers disrupting markets.

Economists ,politicians and central bankers have more powers to engineer better economic outcomes than anyone in the 1970’s was ever able to do. Potential flies in the ointment include flash points that cause key players in the system to stop playing ball. These include trade wars primarily between the USA and China, further tension between the USA, Russia and China over the Korean peninsular. The global economy may not look nearly as welcoming if major trading partners are in the middle of major geopolitcal spats.

Who’s going to win the next general election?

Polls indicated a major Labour wipe out in the last election and the conservatives where on track to win a majority. A shock early election (pre Brexit) called by Tereasa May designed to strengthen her mandate for Brexit, had the opposite affect and severely weakened her position. A conservative majority was just a dream and the Brexit negotiations just got far more difficult. Now hard Brexit is firmly underway odds of a Labour victory next time round just got shorter.

But seriously, who would want to go back to the 1970’s! People don’t have much power if they can’t get a job, worry that they’ll be able to keep the lights on, and have their rubbish is building up on the door step. Surely Mr Corbyn can not be rallying a section of society who stands to lose the most by his policies.

Odds for who is going to be the next Prime Minister after the general elections show David Davis favourite at 5.8 with Jeremy Corbyn not fair behind at 6. I can see Mr Corbyn’s odds shortening as Brexit Negotiations progress, but, I would bet on Mr Corbyn becoming the next PM. There will be plenty of time before the next general election as the conservatives will want to kick that particular can down the road for as long as possible. Tereasa May isn’t currently in the running, but it may not be wise to write her off just yet.  Our preferred bookmaker is Betfair where you can back or lay your opinion and cash out at any time. Visit Betfair to get the information.

Interested in a different angel to take at playing the political upheaval? There are two companies who’s share prices have been negatively affected by recent political rhetoric.  Buying shares off Royal Mail and SSE would be like taking a bet that Mr Corbyn would not win the next general election without that part where you would lose all your stake if he does win.

Royal Mail are currently having problems with the workers union over pension entitlements, and SSE, the energy company, face prospect of energy price caps. Both pay high and sustainable dividends. With a conservative victory negative sentiment over political risk would be removed which could be positive for the share price. Not interest in Shocks and Scares? Then check out our Profit Accumulator review, another way to think outside of the box. Visit our Profit Accumulator review.

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Barclays Premier League highlights so far

Our highlights of the Barclays Premier League 2015/16 season are;

Leicester City’s success. The Fox’s whirlwind start to the season.  For us it is no wonder considering the gravitas of Claudio Ranieri even if he has had some recent problems managing in Europe.  A list of clubs Mr Ranieri has managed in Europe is outstanding; Cagliari, Napoli, Fiorentina, Valencia, Atlhético Madrid, Parma, Juventus, Roma, Inter Milan and lastly Monaco. Recently Leicester maintained their unbeaten run with a 1:1 draw against Tottenham Hotspur. Riyad Mahrez made the score line level for Leicester in the eighty second minute, one minute after Dele Alli scored for Tottenham. Now, that’s some attacking spirit for a team that has just gone a goal down in the eighty first minute. What’s more, Leicester where outplayed in terms of the stats winning just 2 corners compared to Tottenham’s 7. Tottenham had 6 shots on target and many that missed, compared to Leicester’s 2 shots on target. The difference was that they made their chances count and look more sophisticated playing under the Italian manager. The Fox’s new signing from Napoli, Gokhan Inler, played ten minutes but will be playing a fall match soon. Other players to watch include Jamie Vardy who set up the goal for Leicester. The partnership between Mahrez and Vardy could pay dividends for Ranieri’s Leicester City FC.

This one is negative, but, Chelsea being knocked off the top spot for being likely winners. Bookmakers have Chelsea as odds on favourite to win the Premier League. Our opinion was that this was far to generous for a team who performed poorly pre-season and have an injured striker (star striker), Diago Costa. Our Facebook magazine published the prediction that Chelsea would not stay favourites for very long. Compare odds now and they have increased significantly. Betfair was the perfect place to bet that they would not win the league. A lose bet made on Betfair at the start of the season could be ‘cashed out’ at any point depending how Chelsea perform now.  Currently this bet would have given a big profit. Learn how to use Befair here.

Manchester City’s winning streak has been a Premiership Highlight. If only because they have knocked Chelsea off the top position for likely winners. Matched only by Liverpool in 2013/14 and 2005/06, Chelsea in 2015/6, and Arsenal in 1997/98.  Only 3 teams have had a longer winning streak.  Chelsea won 11 games in 2008/09, Manchester United won 11 games in 2008/09 and 1999/2000. Arsenal are the kings after winning 14 games in a row in 2001-02.  Man City are poised to enter the hall of fame if they continue their winning streak.

What next for the Premier League?

The Fox’s stewardship under Claudio Ranieri should prove to be very interesting.  We will be watching the performance of our Chelsea prediction carefully compared to the club’s sparing partners, Manchester City and Arsenal.  Exciting times in our opinion.

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Top 5 must-have apps for the 2014/15 football season

The World Cup was exciting, but league football is back in full swing in the UK and Europe.  Fans attention is back on the Barclays Premiership, Champions League and UEFA Europa league.  Here are our top five apps for football fans fort the coming seasons.

Of course, everyone wants to feel that they can hold their own in debates with rival supporters and, in this era of the smartphone, apps are the best way to do this. So which ones will turn you into a football genius?

Guess the Football Player 2014

Overview – the ultimate test of your knowledge of club football from around the world.

Why it will suit fans – it can make you the most knowledgeable fan, for winning pub arguments.

What it does – hits you with 200 questions about stars like Ronald, Bale and Messi. You are only allowed three wrong answers.

Sports Betting Predictor

Overview – the app that gives you the stats you need to make the best football bets.

Why it will suit fans – if they like betting, an app that provides the needed info will be welcome, and if they don’t, the stats will help them win arguments.

What it does – tells you about the injuries, suspensions, form and past results needed for smart betting.

This is the information you need to back good bets.  We recommend Bet365 for their mobile app which making betting on the move easy. They will double up the sign up bonus for new members who open a normal Bet365 account and download the app. Most generous!

Score! World Goals

Overview – A game that lets you play and score goals in simulated football matches.

Why it will suit fans – because it’s a chance to swap watching football for playing it.

What it does – simulates games with high quality graphics and lets you cross, pass and shoot through swiping and using your mobile buttons.

Fantasy Football Buddy Pro

Overview – an app that lets you make changes to your Premiership fantasy side while on the move.

Why it will suit fans – because they have busy lives, and sometimes key deadlines land when they are out.

What it does – lets you make any changes you need, including selling and signing players and checking your team’s points, at any time.

These are all great apps, as is the…

Total Football Manager

Overview – puts you in the dugout and in charge of a team.

Why it will suit fans – it’s a chance to test their selection and management skills against supporters everywhere.

What it does – lets you pick a squad, train them, choose line-ups and score points based on their competitive performance.

Apps have become the way to keep in the football loop, whether it is top scorers or fantasy teams.

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