Bullion Betting is a new to market product which has been launched by Matthew Woodland. He claims that he will help his customers to make a profit exclusively through trading gold.
Introduction to Bullion Betting
As I’m writing this, we are still waiting for sports to start up, and whilst the betting industry continues to move forwards, it is definitely at a slower pace. And as a result of this, there have been just so many different products that have made their way to market. These have all looked at a massive variety of topics, but there have certainly been a few that are… Well, they’re interesting.
Today’s subject is just such a thing. You see, Bullion Betting is all about trading gold as a commodity. Because, Matthew Woodland seems to very strongly imply, it’s really easy. Easier than horse racing because there are only two possible outcomes. The price will go up, or the price will go down. And in theory, it really is this binary. In actual fact, there exists a whole market that bets on the outcome of just this. But I’m getting off topic.
The fact is though that trading is a long way away from simply putting on a bet on the horses with your bookie of choice. And fortunately, the way is being led by Matthew Woodland, as Bullion Betting is supposedly a comprehensive manual that will teach you everything that you need to know in order to get started. Of course, there are a lot of very valid reasons to be sceptical of this, as I will cover…
What Does Bullion Betting Offer?
Honestly, it’s been a long time since I’ve looked at something and thought to myself, I don’t really know where to start with this one. The fact of the matter is that usually, you have something that at least holds up the appearance of having a real structure or idea. Put bluntly, this doesn’t.
I can say with some confidence that whilst I have looked at a lot of products in my time doing this, there have been few that are quite like this. There is just so much ground to cover, however, somehow, this is in the worst possible.
With that said, I do have to start somewhere. And with that in mind, I want to start by talking about the manual itself. Now obviously, this is very much the core of Bullion Betting. It is what you are paying for, and well, it’s… It’s pretty basic if I’m entirely honest. The fact of the matter is that whilst Matthew Woodland makes it sound like you are getting a lot, I just don’t see that.
So, what kind of topics does Matthew Woodland claim that Bullion Betting covers? Well, there are some very interesting ones indeed. Some of which are pertinent now, others of which I will place into context a little later on. But I can say that there are very few that immediately stand out as being exceptional.
So, the first thing that Matthew Woodland says you will learn is how to “Make Money Fatser [sic] With Gold Than Traditional Gambling Methods”. Now, I will admit that this is potentially true. When you are trading, you can indeed make money faster than you can with standard betting. However, you can also lose a lot more as well.
Now what is incredibly important to note about this fact is that it is rather skipped over. But for my money, risk management is arguably the single most important element when it comes to successful trading. The fact that things can go so horribly wrong should be a massive part of Bullion Betting. It isn’t.
Instead, we are told “there really isn’t any risk of chance of making mistakes with this Bullion Betting tool kit”. Now I will pick this point up a little later on, but I can say for a fact that this isn’t the case.
Next, we are told about how Matthew Woodland “Made [his] First 250K”. Now, I won’t touch too much on this element here (although once again, I will be picking it up later). I will say that the information that Bullion Betting provides in relation to this is pretty naff. Furthermore, I don’t actually believe a word of it.
As well as this there is, of course, the bulk of Bullion Betting which talks about how to trade gold in the way that Matthew Woodland has seemingly done with such ease and amazing profit. Now, I will admit to being a little sceptical of this (not at all surprisingly) and I will talk about it in a bit more detail below.
You see, the fact of the matter is that there is, of course, a bit more to it than all of this that I will cover, but there are a few additional points that need to be mentioned. One of the most important things is that honestly, Bullion Betting just isn’t that well written.
What I will say however is that fundamentally it is all pretty close to “step by step”. As such, you should find that at the very least, everything flows relatively nicely into the next step. This means that theoretically, following along with everything shouldn’t be that difficult. The operative word there being “shouldn’t”.
But the bottom line is this. Whilst there is a structure here. And this should be straight forward, the reality is pretty far removed from this. The fact that it isn’t particularly well written means that you will likely find yourself taking steps back and replaying certain parts over and over to try and ensure you have an understanding of them. Unfortunately, this just isn’t an easy thing.
How Does Bullion Betting Work?
Now we come to the part of Bullion Betting that is most interesting to me. How it works. Now, as always, I will be somewhat cautious of what I say here. Irrespective of what I might think of a product, I don’t believe that it would be reasonable for me to publish details of their strategy for free, when it is kept behind a pay wall. With that said, there are some things that I can say.
Now, Bullion Betting is very much pushed as being an alternative to betting. This is the core premise of Matthew Woodland’s sales pitch. It categorically is not. In fact, I would go as far as to say that in taking this marketing approach, Matthew Woodland is downright irresponsible. These are both “the same” in the same way that a Ford Focus and the Saturn V Rocket are “the same”. The fact is, you can make anything “the same” if you break it down to core components enough.
Now the strategy that this is all based on is also pretty flawed in my opinion. It is incredibly crude. I’ll be honest here. I’m not a trading wizard. There are gaps in my knowledge. But that doesn’t mean that I’m entirely ignorant of what is involved, and looking at Bullion Betting, there is strong potential to lose a lot of money very quickly with this.
It all comes down to balancing risk. You see, with horse racing, you stake your £10 bet, and the horse doesn’t come in. You’re down a tenner. With trading, if things don’t go your way, you can stand to lose substantially more than your initial stake. Basically, the righter or wronger you are dictates how much you profit or lose. And that isn’t adequately enough addressed in Bullion Betting for my liking.
What is the Initial Investment?
One of the only things that I think you can say about Bullion Betting in the positive is that it is pretty bloody cheap. Matthew Woodland is asking a one time payment of just £17 (plus VAT) if you want access to the manual.
Payment for this is handled through Clickbank which means that there is a full 60 day money back guarantee in place. This is at least mentioned in the sales material for Bullion Betting a number of times so there is arguably some credit there as well.
What is the Rate of Return?
The income potential for Bullion Betting is a very interesting thing. You see, the sales material claims that Matthew Woodland has made £3099.05 since lockdown began. And elsewhere, testimonials show a variety of numbers that are roughly in line with this. They range from £910 in a week to £320 in a few days, and a claim of making more than £100 per day.
Then as one of the topics that Matthew Woodland also mentions when talking about Bullion Betting, there is that reference to making his first 250k. A substantially larger number than the sales material suggests that you will get close to. A number that is made even more interesting given the narrative that Matthew Woodland pushes.
Conclusion for Bullion Betting
There are a lot of problems with Bullion Betting that I think need to be addressed, but I want to start by talking about the main one for me. And it is something that honestly, is a bit meta. As such, I’d be surprised if most people would have picked up on it.
You see, Matthew Woodland appears to use a very certain trading company for his trades. This “retail investor” has the following statement as a footer to their webpage. “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.29% of retail investor accounts lose money when trading CFDs with this provider”.
Now in part, this is a legal requirement. But where it is important to me is that it is very much at odds with the supposedly minimal risk that Matthew Woodland claims there is when following his system. Straight away, this massive discrepancy rather puts Bullion Betting on the back foot.
But more than this, I really have to question why you would want to follow Matthew Woodland’s advice anyway. Let’s stop for a minute and put aside the hype. Let’s just strip everything back and look at what is being claimed here.
Bullion Betting has supposedly been authored by a plasterer by profession. A plasterer who simply “likes a bet from time to time”. And yet, since the Coronavirus pandemic, he has decided that he needed to kick up his betting substantially. After this realisation, he has moved into commodities trading where he has reached massive success.
So much success in fact, that his strategy is worth £17. Again, this is the strategy that has been developed by somebody who started trading just a few months ago… Putting everything else to one side, that is more than enough to tell me that Bullion Betting isn’t for me.
This isn’t the only issue though. There are little idiosyncrasies, such as Matthew Woodland’s claim that he has made £3,000, despite talking about how he has made his first £250k. For what it’s worth, I don’t believe that Bullion Betting will get you close to either of these numbers. In actual fact, I would say that you more likely to lose money than you are take home a profit.
Honestly, Bullion Betting is just a bit of a crappy product. It isn’t particularly well put together, I don’t believe that the methods will actually work, and it really does worry me that this is being touted as a low risk system. Because it just isn’t. Even the trading platforms highlight that fact.
And this is where I am really. I don’t care how cheap Bullion Betting is (with the price being arguably the only thing that it really has going for it), I just wouldn’t recommend it. Everything about this is off and I can’t help but feel like it is little more than an exploitative system that aims to suck in those who perhaps don’t know better.