Ultimate Bank Builder Review Steve Goodings

Ultimate Bank Builder is a new to market horse racing tipster service which is being offered by Steve Goodings. The key claim here is that you can theoretically turn £1,000 into £1.2 million. 

Introduction to Ultimate Bank Builder

Rather uniquely, what really drew me to Ultimate Bank Builder, more than anything else, was the name. The fact of the matter is that it can be quite difficult building a betting bank up. And… Well, it’s kind of implied that this is what you can do here. It was only when I opened the sales page up and saw Steve Goodings casually talking about making a seven figure income that I really started to get a little bit excited.

Unfortunately, I can tell you here and now that my initial thoughts about what Ultimate Bank Builder might be were dead wrong. I am quite sure that Steve Goodings would tell me I’m wrong, but for my money, this is simply a horse racing tipster service that leverages compounding. Of course that doesn’t have to be a bad thing. The fact of the matter is that it was I who made those assumptions. And what is left on the plate may have the potential to be something special.

Of course, it should go without saying that there are a lot of caveats surrounding this. In fact, having been a little bit taken aback by that claim of a million quid, I immediately delved straight into this to see what made it tick. And whilst that headlining result is possible, it is also highly unlikely that it is practical.

What Does Ultimate Bank Builder Offer?

So what exactly does a tipster service that claims to have the potential to make you a millionaire entail? The short answer to this is probably not a lot that you won’t have seen before. Because the fact of the matter is that underneath these rather grandiose statements, Ultimate Bank Builder is a relatively straight forward tipster service. Sort of. Let me explain…

First things first, I want to talk a little bit about how Ultimate Bank Builder is managed. Because this is really the part that is wholly unremarkable. Effectively, this is a pretty much standard daily horse racing tipster service. Selections are emailed out to you, and you simply have to place the bets that are advised.

Now, this should be very simple. Unfortunately, there are a number of elements of Ultimate Bank Builder that mean that… Well, it just isn’t. First things first, you need to have a lot of consideration for where and when you are placing your bets. Because getting the right odds is absolutely critical to the success of Steve Goodings’ strategy.

Ideally, you would be able to place all bets with a BOG bookmaker. Of course, that isn’t something that is necessarily viable. It certainly won’t be if you’re on your way to becoming a millionaire.

So why is it so important to get the right odds? Well, to be blunt, Ultimate Bank Builder has made a loss to SP. The service is 189.48 points in the red after around 2 years. Whilst one could argue that this leaves some wriggle room in terms of getting those best odds, it does highlight a very significant problem.

Now, in theory, you could solve most of this by using an odds comparison website. Right? Whilst this would definitely make it much easier to get the best odds, it would also drastically increase the time you have to invest here.

You see, one of the other factors that massively influences the practicality of Ultimate Bank Builder is the volume of bets. Most of the time, it is high volume but just about manageable. You’re talking about anywhere from 3-8 bets. This is still a lot, by the way, but you could probably check off those bets against an odds comparison site and get them placed without taking up too much time.

But what about the really high volume days that Ultimate Bank Builder has? Some days have significantly exceeded more than 10 bets. Without looking at Steve Goodings’ proofing too hard, I easily found a day with 15 selections advised. So, how do you go about ensuring the best possible odds for all of those without taking a decent chunk of time out of your day?

One of the saving graces of this is that Steve Goodings does only provide straight win bets as selections. These are the default bet for most bookies when it comes to horse racing and does help save some time, but make no mistake, Ultimate Bank Builder requires a lot of work.

And just rounding all of this off is the fact that the odds aren’t particularly generous either. Looking at those BOG odds, it just isn’t that common that you will see a bet end with odds higher than 5.0 (with average odds of 3.97 demonstrating this nicely). This means that those already narrow margins are suddenly made even tighter.

Now, in terms of the numbers, Ultimate Bank Builder doesn’t look too bad really. It is a level staking affair, and it is advised that you are betting just 1 point on a given bet. Looking at the volume of selections Steve Goodings can find, this is hardly the worst thing. However, nor is it the full picture.

I started all this by talking about £1.2 million, and leveraging compounding. This is what Steve Goodings does in order to reach the profits. Because really, those level stakes should be viewed as a percentile. Specifically, the sales material for Ultimate Bank Builder talks about betting using 1% or 2% of your betting bank, depending on how much you want to make.

And with a strike rate of just 27.32%, that can get incredibly expensive when you have those big days with lots of selections. Something that I feel is rather skipped over in the sales material for Ultimate Bank Builder.

How Does Ultimate Bank Builder Work?

Now, if there is one area where Steve Goodings is perfectly transparent, it is in his credentials. Because apparently he is a near-genius. That isn’t hyperbole by the way, the sales material literally states he has “an IQ in the near-genius range”.But, to be fair to the guy, if he is who he claims to be, they are some very impressive credentials.

Steve Goodings’ background is mathematical. We are told that he has a Master’s Degree in Mathematical Physics and a Master’s Degree in Aerodynamics. Now, admittedly, these things don’t necessarily immediate translate to success in betting, but the beauty about math is that it is universal (to a degree, but I don’t intend to get bogged down in semantics here). What I mean by this is that 1+1=2 will always be true.

With that in mind, when we are told that Ultimate Bank Builder is a fully automated algorithm, I can almost believe it. Especially because Steve Goodings actually shares the principles of his algorithm. This is a rarity in this line of work, but it does a perfect job of explaining what it looks for, and as such, what you can expect.

Basically, we are told that the algorithm behind Ultimate Bank Builder has been designed to identify “statistically significant” horses and odds (Steve Goodings’ words). What this means in layman’s terms is that it identifies value. Horses that have a decent chance of winning, and have odds that are likely to drift downwards, which generally indicates that the market is favouring them.

Whilst Steve Goodings may well have a Master’s in Aerodynamics, what is happening with Ultimate Bank Builder isn’t rocket science (I couldn’t miss out a chance for that pun). And the fact of the matter is that the results reflect this. And if you had any doubts, there is that full and comprehensive proofing which is also provided.

What is the Initial Investment?

If you want to sign up to Ultimate Bank Builder then there are two options available. The first of these is a quarterly subscription and it is priced at £60, however, this is only for your first month. Once this has elapsed, the price rises to £90 per quarter (which is recurring). This isn’t inherently a ridiculous amount, but it is a long way from being good value.

This is because a 6 monthly subscription to Ultimate Bank Builder is priced at just £94 which of course represents a substantial improvement in terms of the value. You’re paying an extra £4 for another 3 months of selections. Really, why wouldn’t you want to do that?

What is worth noting is the fact that Ultimate Bank Builder doesn’t appear to come with any money back guarantee. Factor in that Steve Goodings handles payment directly through Paypal (who don’t offer refunds on this kind of thing) and you should make sure that you’re willing to commit to these quite long term subscriptions.

What is the Rate of Return?

At last, we can talk about that claimed £1.2 million profit that is all over the sales material for Ultimate Bank Builder. I’ve ben quite eager to address because it is one of the most heavily conditional income claims I have ever seen. Whilst it is definitely possible, there are some points to consider.

First things first, this result has been attained over some 2 years. Fair enough. That isn’t the biggest problem in the world. It is also based off staking 2% of your betting bank on each bet (recalculated monthly) Again, this isn’t necessarily a deal breaker. Oh, and you can’t withdraw any money from your betting accounts. And the nail in the coffin is that all bets have to have been placed with BOG.

All of that makes this number pretty unattainable. But where this claim is really left dead and buried is in the following fact. You have to do all of that without getting any accounts restricted or closed down. Good luck with that. And this same rationale is applicable when you look at the claimed £80,000 which Steve Goodings says is based around using 1% stakes rather than 2%.

Perhaps the best indication of how much you can expect to earn lies in the in the points profit. This sits at some 558 points to BOG and honestly, it isn’t the worst result. However, for context, the ROI is significantly more reserved coming in at 10.44%And to SP, there is no ignoring the fact that Ultimate Bank Builder has produced a loss of 190.68 points over 2 years.

Conclusion for Ultimate Bank Builder

Honestly, I really wanted to come into Ultimate Bank Builder wanting to buy into this service. And there are a lot of reasons why. Honestly, I was pretty sure coming into this that the claim of making £1.2 million wasn’t necessarily something that everybody, if anybody, would achieve. A sentiment that I absolutely stand behind.  

With that said, what I hoped for was something that could help to turn a relatively small bank into something a bit more substantial. This isn’t something that I have really seen here. What I have seen however, is a seemingly quite interesting approach to betting.

Here’s the thing. Steve Goodings is a real person. And his credentials all match up. Offering the benefit of doubt, I believe that this may well be his own personal betting system implemented as a tipster service. And good on him for doing it. There is clearly some potential for profit at the very least.

With that said, I feel like it is a very personalised approach. The fact of the matter is that I don’t really see how something like Ultimate Bank Builder will work for most people. Steve Goodings talks about the fact that his algorithm is now automated, and one presumes that somewhere along the line, that has also included the actual process of betting. That or he is simply getting selections earlier than he sends them out.

All of this is important because whilst Ultimate Bank Builder does carry that profit potential, it also walks a very fine line with it. All it takes is to be late on bets and before you know, you can be in the red. This is very evident when you look at the proofing. But even if you avoid that, you are still eating into your profits, and honestly, the margins are pretty fine there.

What is really disappointing to me here is that Ultimate Bank Builder clearly works. When you really break it down, what Steve Goodings is doing is anticipating prices drifting. And the fact that the service does demonstrate that loss to SP shows that it is successful. If it wasn’t, it wouldn’t be that way.

The thing with the tipster market is that in some ways, simply working isn’t necessarily enough. Now I know how that sounds, so let me qualify this a little. You see, ultimately, given the work that is involved, I don’t believe that the profits are necessarily worth it. The fact is that you’re looking at about 275 points per year. There are a number of tipsters that are there are there abouts at that level of profit.

Where they differ from Ultimate Bank Builder however is that they are generally much less labour intensive. And they are also much more flexible in so much as, where Steve Goodings’ service is all about getting hold of those BOG, other tipsters are less reliant on that. As such, they are simply a much more viable option for a lot of people.

So, here’s how I see Ultimate Bank Builder. It’s definitely a clever service. I can entirely believe that Steve Goodings makes money from it. I’m just not certain it is practical for most people. Don’t get me wrong, if you have the time and inclination., there should be money to be made here. And further this, if you are able to do this, the low costs involved ensure that there is potentially bags of value.

But ultimately, I can’t see this being that many people. And as such, I don’t think that I would generally recommend this. This is despite the fact that it really does seem to be something interesting and genuine.   


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From: Simon Roberts