Big Bet Weekly is a brand new horse racing tipster service which has been launched by Mike Bingham. He claims that he can help subscribers to turn a very small starting bank into a substantial profit.
Introduction to Big Bet Weekly
Let me ask you something. If I told you that I could turn £100 into £1,760.37 in less than a week, would you be interested? Now, I can’t speak for everybody, but I would be all over that. Hell, presuming this was a guarantee, I’d be giving you multiple hundreds of pounds and I’d laugh all the way to the bank. Well, that is pretty much exactly what is on offer with the subject of today’s review. Including, I would hasten to add, the implication that this kind of return is quite literally guaranteed. That is one hell of an offer.
So, welcome to Big Bet Weekly. The most ‘winningest’ (is that even a word?..) tipster service that is apparently available on the market. I say that because Mike Bingham doesn’t half talk about winning and how important it is. But all of that is just filler really. What you are actually getting here is a very elaborate strategy that, in theory, helps you to minimise your risk whilst maximising your profit. God, I wish I had a pound for every time I’ve had to write that out…
All of this is well and good in theory. I have seen some strategies that lean on this approach that have performed exceptionally well. But by the same token, I have seen more services that use these same principles that are also hugely fallacious and rely on people’s inability to spot this. Big Bet Weekly seems to err more towards this direction than the other. With that said, I fully intend to keep an open mind as we dive straight into this and look at exactly what Mike Bingham is doing.
What Does Big Bet Weekly Offer?
Talking about Big Bet Weekly and what it involves is… Well, it’s an interesting thing. It’s really a bit of a trip, because what Mike Bingham is doing is different to a lot of things on the market. It also drastically alters from, quite literally, one day/week to the next. This of course makes it quite difficult to know where to start. So if this seems a bit over the place, please, stick with me.
First things first, let’s talk about the structure of the service. It all starts with very simple horse racing bets. Everything that Mike Bingham advises to Big Bet Weekly subscribers is either a straight win bet or an each way bet. Of course, this is horse racing, so if I’m honest, there are limited betting markets that you can really leverage. And given an apparent distaste for accas in the sales material… Well, it was only ever going to end up one way.
Now, in order to measure Big Bet Weekly you have to look at the approach Mike Bingham takes. He breaks the betting week (Monday through Saturday) into 3 periods. There is Monday/Tuesday, Wednesday/Thursday, and Friday/Saturday. And you break your betting bank down in order to bet on these days. Which looks a bit like this.
You start out with a bank of £100 for the week. This is broken down into 10 points with a single point to be staked on each bet. Mike Bingham says that the maximum number of selections he will advise are 5 per day, meaning each period will have no more than 10 bets, but is often less than this.
So, you stake 1 point per bet (10% of your bank) on each selection for the Monday/Tuesday period. If you take any profit from this, you then recalculate your bets for Wednesday/Thursday, and again for Friday/Saturday. If you don’t make a profit, you continue to stake to 10 points per bet. This becomes incredibly important, but I will discuss this later on.
Logistically, much of this is what you would expect from a tipster in this day and age. Selections are sent out directly via email to subscribers, however, it is noteworthy that they are at least sent the evening before racing. This means that the majority of people will be well placed to get the bets… well, placed.
It also means that you are in a position to get the best possible odds. Which is something that you will definitely want to be doing if you are following Big Bet Weekly. Because, if I’m honest, there is a bit of a disconnect with the sales material and the reality of the experience (but I will talk about this a little later on).
And given the huge range of odds that you will be betting on… Well, squeezing the most out of the bets that do win will help keep you afloat longer and potentially, exponentially increase your returns come the end of the week. You see, Mike Bingham will advise bets that range from slightly better than evens, all the way up to a 25/1 outsider. And there is little rhyme or reason to this unfortunately.
There is only really one thing left to talk about here and that is how often you can expect to win. Which is an interesting thing in and of itself. Mike Bingham says a winning week is one whereby he doubles the initial betting bank of £100. But I’m a bit sceptical of this and can’t help but feel like this measure of success is down to some (rather questionable) marketing.
The better measure is just how many bets have won against how many have lost. Here, we are painted a picture of a service that has a strike rate of around 35% up to 50%. Those numbers are however based off very questionable evidence, and a ridiculously small sample size of data. As such, I don’t really put too much weight behind them.
How Does Big Bet Weekly Work?
Now we come to what is arguably the most important part of Big Bet Weekly. How exactly does it work? Well, the core principle is one that is very easy to identify. Mike Bingham’s strategy is all about compounding your stakes in order to maximise the returns, all whilst keeping starting stakes low. It is something that I have seen many times before now. Unfortunately, there are a lot of flaws to this that I want to explore a little later.
The other element that exists is of course the selection process. And this is where Big Bet Weekly is really ropey for me. Because Mike Bingham doesn’t say a solitary thing about what the selection process entails. All that we are told is that “There is no strategy that outperforms accuracy”. He then goes on to talk about how value is an important part of making a profit too. And um… That’s about it.
That is hugely problematic for me. Because, putting it really bluntly, it doesn’t matter how good (or bad) your betting strategy is (an ironic statement given what Mike Bingham himself has to say about the matter), if you can’t pick horses it doesn’t really count for anything. And I don’t see a single shred of evidence that Mike Bingham is able to do this.
It isn’t even like there is really any sort of proofing for Big Bet Weekly. We get shown a few betting weeks which are represented via the medium of betting slips. And that’s your lot. It is a long way from comprehensive and realistically, is likely to be at best cherry picked results. And even it isn’t, 3 weeks isn’t nearly enough to demonstrate the consistent profits that Mike Bingham is so keen to talk about in the sales material.
What is the Initial Investment?
There are two different options available if you want to sign up to Big Bet Weekly. The first of these is “10 Weeks of GUARANTEED PROFITS”. This is priced at £40 plus VAT and effectively guarantees you that for 10 weeks, you will see a return of at least 100% on your betting bank. If you don’t reach this, Mike Bingham will extend it by a week.
Alternatively, you can just sign up for Big Bet Weekly for the full year. This is priced at a one time cost of £90 plus VAT and gives you access to a “minimum of 45 weeks”. Of course, this is much better value and, supposedly, represents a 50% discount on the service.
Now, something that Mike Bingham rather concerningly fails to mention is that Big Bet Weekly does come with a full 30 day money back guarantee. This backed up by the fact that the service is being sold through Clickbank who are generally very good at honouring this sort of thing and offer something on almost all of their products. So, I don’t really see why this isn’t discussed (unless of course, this is a transparent attempt to obfuscate this fact).
What is the Rate of Return?
The headlining number is that number that I alluded to in the introduction. Mike Bingham claims that you can turn £100 in to £1,760.37 in an average week. And in theory, you should be making at least £100 per week. After all, that result is guaranteed. This all sounds really good, but it is worth keeping in mind that these numbers are based off incredibly limited samples and entirely involves taking Mike Bingham’s word that Big Bet Weekly can attain these results. This is contrary to my limited experience.
Conclusion for Big Bet Weekly
It is very clear to me what the appeal of Big Bet Weekly is. Namely the idea of guaranteeing returns. Something which is incredibly easy to do on paper, but is much more difficult to actually pull off. And that doesn’t really strike me as a coincidence here if I’m completely honest. Because almost everything that Mike Bingham does just feels like it has been set up to keep people on board for as long as possible. But more probably, just past that 30 day money back guarantee.
Why do I say this exactly? Well, first things first, there is the simple fact that it isn’t mentioned anywhere. As somebody who has looked at a massive amount of products in this vein, I can tell you now that any genuine and quality product will shout from the rooftops about their refund policy. Because if you have something that you know works, why wouldn’t you?
On top of this, there is the way that the “guarantee” works. It is a clever get out for Mike Bingham really, because his guarantee to you is that if you don’t make £100, you get another week. This sounds like a good deal, because eventually, you will make that profit. Until then, he happens to have pocketed the cost of your subscription. Am I saying that this will definitively happen? No, I’m on the ball, but I’m not psychic. But I have been around for a fair old time.
Now, with that very obvious flaw out of the way, let’s talk about that fallacious statements that are made. You see, Mike Bingham says that the approach allows for “a bank that grows fast and very rarely drops”, which of course sounds great. As is the idea that you’re constantly growing your profits, maximising wins, and minimising risks.
But what is skipped over is the fact that you are risking potentially quite a lot here. Let’s just assume that Mike Bingham is operating at his maximum numbers for a minute. In the first 2 days, you are risking £100. That is a fair old amount of money. If you lose, which is a possibility, you then sink another £100 into days 3 and 4. There is no cut off point for this and you are simply chasing a win. Or to put it another way, you’re chasing your losses.
Even before you get to a level of betting that involves any semblance of professionalism and a methodical approach, there is that one golden rule. Don’t go chasing your losses. If you’re £100 down in the casino on a night out, do you call it a night, or do you go and stick a ton on red? And where do you draw that line?
If I’m honest, I can’t help but feel that at best, Mike Bingham’s whole approach to Big Bet Weekly is… Well, it’s just very naïve. It’s the sort of thing you might sit and think of as a good idea because, on paper, it works well. But, as I’ve seen just so many times before, making a good idea on paper is a hell of a long way from actually producing something that is viable.
And that, for me, is where it’s probably worth wrapping up. I just don’t really believe that Mike Bingham has a viable tipster service. Aside from the fact that I think much of the strategy is rather questionable, there are also wider questions about the service as well. Namely, the way that the refund period is skipped over, all whilst… Pretty much everything, if I’m brutally honest, skews towards keeping you signed up for longer and (in my opinion) away from being in a position to claim this.
Combine that with something that just doesn’t seem to work, in the slightest, and you just don’t have a service that I’d look to recommend. I mean, it isn’t even like I actually believe that Big Bet Weekly can produce profit. There just isn’t any substantive evidence that I have seen. It isn’t even like you’re paying out just a small amount of money for the privilege of all of this. So, realistically, this is one that you should really look to avoid.
