Betmarkets is a brand new to market betting service that is rather unique in the current betting climate. In theory, it creates an opportunity to generate a truly passive betting income.
Introduction to Betmarkets
I’ve been doing this for a fair old time now, and I can say with the utmost confidence that it simply isn’t very often that something comes along that stands out for particularly good reasons. Don’t get me wrong, I have seen plenty of tipster services that have been stand out for… Well, hugely questionable reasons. But there aren’t really a whole lot of things that stand out as being… Well, good, or at least, built in a way that they are different to everything else on the market.
Now, with all of that said, I want to start by saying that whilst I am going to talk about Betmarkets being something that is entirely unique, that isn’t strictly true. I have seen other services before now that utilise similar premises, but I don’t think that I’ve seen it done quite this well, if I’m frank. So, this is a genuinely intriguing concept and one that I’m very keen to look at.
However (because there is always a however) there is a very important consideration. Because let’s be honest, whenever something comes along that is new and interesting, there comes… Shall we say, potential risk. And there is quite a lot of this here depending on how you choose to manage it. So, with (I think) most of the cards laid on the table, let’s get down to brass tacks and see whether or not Betmarkets is really worthwhile.
What Does Betmarkets Offer?
There is a lot of Betmarkets to talk about, and it is rather difficult to know where to start really. So, in order to provide the best possible immediate overview of what you are getting here, I am going to talk about a completely different (but probably better known) brand. Because this is really a lot like eToro, but for betting. In fact, if I had to sum it up ion one sentence, that would be it.
But what exactly does this mean though? Well, I’ll talk about it in more detail a little later on, but effectively, Betmarkets allows you to automatically copy the bets that other bettors place. Why might you want to do this exactly? Well, the service has some pretty impressive and well known names in betting on there.
Before I start getting into detail on all of this though, I want to talk about how easy Betmarkets is to use. Because honestly, it is one of the easiest things that I think I’ve ever had to set up. You create your account, attach a card and deposit a betting bank (€1,000 is the default amount, but you can simply bet as much as you want here). From there… Well, you’re in.
Unfortunately, that simplicity starts to become a little bit more complicated when you start looking at which bettors to follow. Because there are a lot of them. At least… Kind of. At the time of writing, there are about 40 different tipsters who are signed up with the platform. But my understanding is that there is a strong intent to grow this and improve the numbers.
Fortunately, those 40 tipsters cover a wide variety of betting markets. The majority are in football. There is however coverage for things ranging from horse racing to MMA to esports. This means that there is something in Betmarkets for everybody. Which is by no means a bad thing, and as mentioned, I believe that this will only get better in the future.
Finding which bettor you want to follow is a… Well, it’s certainly a thing. You see, Betmarkets does a very good job of providing information on every single tipster on their platform. This includes things like their yield, the edge that they have, and a “Risk/Return” rating. In theory, all of this should make finding a tipster easy, but I can’t help but feel that it’s just a bit overwhelming.
With that said, Betmarkets do also provide things like featured tipsters, the most copied tipsters, and who has the highest returns. This means that you can at least get some idea of where to start. But it is hard to ignore the fact that this could be a much simpler thing.
What I will say is that when you have found a tipster that you like the look of, you can view their profile and see a full breakdown of their performance. As well as a simple chart that quickly and accurately describes what you can expect, Betmarkets also comes with comprehensive proofing as well as a bio on the tipster. These give you a much more detailed insight into their approach to betting. Something that some tipsters can’t even manage for their own services.
One area that I can’t really complain about is user friendliness. Having created my account, it was very easy to look at Betmarkets and figure out what is what, how to navigate their dashboard, and how to decide what tipster I want to copy. The only thing that I do wish Betmarkets had is some kind of user guide or help. That would mean that where there are more confusing elements, you can get an idea of what you are looking at.
How Does Betmarkets Work?
I’ve rather avoided too much talking about how Betmarkets works, and that is because it is both the simplest part of the service, but also the most important. And as such, I think it warrants a proper look rather than skimming over details and breaking everything up. So, with that said, I want to start at the beginning.
You see, when you sign up, as mentioned, you are asked to deposit money to your account. Then, as you choose bettors that you want to follow, you assign the software a percentage of your betting bank to be used following their betting advice. It is worth keeping in mind that this does include things like the stakes used, which for me is one of the key factors here. Because if you put 10% of €1,000 into a tipster with 2% stakes, you’re looking at betting just £2 per bet. That isn’t necessarily worthwhile.
Having said all of that, once you are subscribed to a tipster, that is the extent of what you have to do. Betmarkets then automatically places the same bets for you that your nominated tipsters advise, as soon as they place them. Furthermore, it also scans for the best prices as well which definitely takes another headache out of the betting process.
And that is quite literally about it. Betmarkets is genuinely one of the simplest ways of betting available on the market and it is an entirely passive income stream. What is really interesting about this is that, honestly, there just aren’t that many options available in terms of betting that allow you to leverage this.
What is the Initial Investment?
I’ll admit that when I started looking at Betmarkets, I genuinely expected that this was going to be an expensive affair. After all, in my experience, where I have seen services that are similar, it has ended up being costly in the long run which eats into your profits and ultimately, minimises your bottom line. This is the case here though.
Firstly, the payment for Betmarkets is a percentage of your profits. Specifically, you are asked to pay 20% of your earnings. This is paid out directly to the bettors that you follow, which I think is a pretty good thing (although how Betmarkets are making money isn’t something that is explored. Presumably, tipsters pay to be on the site?). It is also paid out quarterly which means that if you’ve made (for example) €1,000 over 3 months from one tipster, you pay them €200. If they made you just €50, you’d pay them just €10. This pay per win model makes a lot of sense here.
What is the Rate of Return?
So how much can you earn? Well, probably not surprisingly, that will depend on which services you were following. The results for Betmarkets are all talked about as returns and yields. And the percentages here vary wildly from one tipster to another. What I will say however is that I believe that most tipsters carry the potential to make some profit.
For those of you who are more interested in specifics, the most copied tipsters on the platforms have yields that range from 7.14% all the way up to 14.8%. Meanwhile, their returns over the last 12 months show returns of anywhere from 41.79% all the way up to 114.64%. But I cannot stress enough that your milage with Betmarkets will vary depending on which tipsters you are following.
Conclusion for Betmarkets
For my money, I have and always will maintain that the best thing that you can employ if you want to make a long term and consistent profit through betting is a decent system. Being able to have your own understanding of things like how to bet, how to read different markets, and so on and so forth, they’re all invaluable tools. And once you get good at it, you can just rinse and repeat as needed.
With that said, I fully appreciate that some people simply don’t have the time and/or the inclination to carry this out. And that is where tipster services inevitably come in, except, even these carry their own issues to some small degree. Namely the amount of time and effort that can be required, especially if you’re angling to get those best possible odds.
Now, as I’ve already said, in some ways, what is being done here isn’t actually entirely unique. I have definitely seen the premise used before, however, this has typically been based around effectively having a Betfair trader utilise software to place the same bets or trades that they do. This has a number of restrictions that simply don’t exist with Betmarkets.
And it is this lack of restriction that really makes Betmarkets such a stand out service, especially when you compare it to those other markets. So, what exactly makes it so good? Well, the first thing is having that ability to pick multiple tipsters to follow. I feel like I talk about this a lot, but I cannot stress enough the benefits that can come with having a portfolio of tipsters rather than simply putting all of your eggs in one basket.
The fact that you can do all of this with Betmarkets, entirely automatically, and let those tipsters bet for you… Well, that’s very attractive. Furthermore, I think that it’s noteworthy that you can simply deposit into your account and decide how the money is divvied up. This has additional benefit of opening everything up to those who don’t necessarily have a massive amount of initial investment capital.
For some context on what I mean here, if you were following 5 different tipsters, each with their own betting bank… Well, that all starts to add up. Meanwhile, if you’re dealing with Betmarkets, then you simply have to invest what you can afford and everything is done for you. It really is one of the easiest things that I’ve seen to set up.
Topping all of that off is the fact that you’re only really paying out if you’re actually profitable. And in something of a rarity, it is genuinely the case that you’re only paying out once a tipster has proven themselves and actually made you that profit. This is as opposed to other similar services that require you to pay upfront and you don’t pay anything until you’re in profit.
When all of those positives are brought together with the fact that Betmarkets carries genuinely passive income potential, it is a massively impressive thing. Really, I think it’s pretty difficult to find reasons not to like this. Everything about it is just a net positive for the consumer. And as such, you would think that this is going to be something that warrants some serious consideration, and I think that it definitely does.
The thing with consideration though is, as the name implies, something to consider. And in the case of Betmarkets it is really just the fact that this is such a new service. It hasn’t long since come out of beta and there isn’t a whole lot of information available on the site about… Well, much really. But would that stop me investing?
Despite the fact that is (to some degree) a concern, it absolutely wouldn’t stop me. Because, on balance of probability, it is all likely to be above board here. They do have a Curacao gambling license and the fact that it has come out of Beta suggests that there has been a lot of time and money spent getting everything up and running.
What I would say though is that the other quite significant consideration here stems from finding the right tipsters. Being blunt, this is entirely down to you, and some people will struggle with that. But otherwise, this is a service that really looks to be something groundbreaking.