WinningFT Review – UPDATED 2021
WinningFT Review DominoQQ Described as “Amway for gamblers” by one punter, the pyramid structure of low margin operator CITIbet creates a can’t lose situation for so-called super agents at the top, an easy opportunity for junket operators in the middle and appears to have become a haven for small-time hit men, opportunists and risk-takers at the bottom, writes Michael Cox of the Racing Post. Super agents are essentially large illegal bookmakers, and may be one and the same when it comes to the undisclosed ownership of the site. They sit at the top of the tree and are believed to pay as little as 0.5 per cent on turnover. Citibet Reviews The super agents can direct big-money clients to play, or take bets from big punters and place bets themselves. Super agents each have their network of bookmakers or other agents who collect bets and pay a slightly larger fee to gain access to the site.
The world’s biggest professional gamblers are attracted to the sites’ large rebates and activity and also negotiate low fees with agents or the actual site. Individual account holders also negotiate with agents the maximum credit and liability allowed, with some big players believed to have liability of up to HK$1billion. The system filters down to the smallest players, who are forced to pay a much larger fee on turnover for the right to gain access to the lucrative rebates. Each agent, from the top down, ensures the player he introduces to the site pays, or is paid winnings, when settlement is made, usually each Monday. Agents are now brazenly advertising for clients on social media platforms like Facebook and WeChat, offering lines of credit without question and it can take a matter of minutes for a new player to be betting. The CITIbet website and those of other platforms appear to be blocked in Hong Kong, but can be easily accessed using a Virtual Private Network.
The company is licensed in the Philippines, whose laws allow betting operators to be “based” there as long as the company doesn’t bet on Philippines sport. Betting instead takes place on racing – including harness racing and greyhound racing – from anywhere with live TV coverage. Bizarrely, given its outlaw reputation, CITIbet claims to be self-regulated and has laws on integrity and price manipulation. CITIbet bans accounts for fraudulent transactions or non-payment. The site even lists accounts it suspects of pool manipulation, where punters bet into legal pools to lower, or increase, payouts. These integrity measures seem aimed at protecting account holders more than the actual events the sites bet on. The CITIbet model is said to have been copied from betting operations at illegal casinos based on islands off Singapore, where a black-market trading of bets by Asia’s bookmakers on racing was rife. Now the bookmakers simply operate in a virtual trading room.
“Illegal bookmakers never had it so good,” said one professional punter. “They’ve been able to migrate their operations online. CITIbet and sites like it allow punters to either bet or offer bets. The prices are based on an agreed totalisator operator’s starting odds. The site works through two account holders agreeing on a rebate for a bet. Account holders essentially bid, putting up what rebate they are happy to either “bet” with, or take a bet on, termed “eat” in Asian betting terminology (as in “eat” betting tickets), or commonly known as “lay” betting in Western culture. For instance, an account holder may offer a 10 per cent rebate on a particular horse, and set a limit on how much may be bet – meaning another player can pay $900 for what represents a $1,000 bet based on tote price. Win bets, quinella and quinella place tickets are capped at 29-1 and place bets at 9-1. An account holder must have 30 times the value of a ticket in available credit to offer a win, quinella or quinella place bet, and 10 times what he is offering for a place bet.
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WinningFT Review In part one of this article series, I covered the basics about betting on horses with betting exchanges and showed why they have become so popular with punters. I also went through three key reasons why you should use betting exchanges, whether youre using a horse racing tipster service or backing your own judgment of the horses. You may have a friend giving you racing tips on the sly (and for free) or you may be using some of the many horse racing systems that are out there. However you are selecting your horses, betting with betting exchanges is certainly something that you should be doing. And so in this article, I will explain some of the more technical and detailed facets of using a betting exchange, that could enable you to profit even more from your horse racing exploits. And when I use words like technical and detailed, youll be pleased to hear that I do not mean complicated.
So lets crack on and look at these four key elements that could enable you to make more profit from horse racing. I dont know about you, but one of the real frustrations I have as a punter is reading the newspaper or hearing on the television of a good early price for a horse, yet when you go on the internet to check, prices are not always available. And of course there is not a bookie in the land that opens there doors at 7am, so that avenue is blocked off as well. With a betting exchange however, you can place a bet whenever you want. This enables you to take advantage of the often advantageous early prices of horses, long before everyone else starts lumping their cash on, leading to the price coming down. Some of my members actually place their bets as soon as I advise them in the morning, meaning that they can take the best priced odds available, or indeed WinningFT Review as I mentioned in the previous article, by naming their own price to see if it gets matched.
How frustrated would you be if youd received information from your horse racing tipster, about a gem of a horse that was over valued in price and likely to win its race, only to discover that putting a substantial bet on at 20/1 was out of the question? Well, it can and does happen. More so in the local high street bookies, where you may be given the option to have some of the bet at 20/1 and some of the bet at the Starting Price which is likely to be far lower come race time. By betting on horse racing using an exchange, this does not happen. Reason Three The Race Has Started, But You Can Still Place Your Bet. If youve ever got to the bookies just as a race is about to start, only to be told by the friendly assistant behind the desk that youre too late to place your bet, then youll like this one.
Betting exchanges actually allow you to continue placing bets on horses in a race, even after the race has started. This is something that is both new and requires nerves of steel, as while the race is still going, the betting WinningFT Review market for each horse is constantly changing as each horse jostles for position in the race. Of course, in the longer races, say a two mile hurdle race, there is a little more time to think, but in a five furlong sprint race you do not have much time at all, in fact most races are over in 60 seconds or less! I must admit that this is not something that I myself do, as it is simply too risky for my betting philosophy, however there are plenty that do like the excitement of it, and profit from it. Ive deliberately left this one until last, as it is a kind of an underground betting tactic if you like, although it is now growing in popularity.
Its a tactic often used by traders who play the financial markets, but it can be used for betting on horse racing as well, and can guarantee you a profit on a given race. Guarantee a profit I hear you say, never. Imagine that youve chosen to back a horse at 5/1 in a race. You think the price will shorten come race time, and so youve done the right thing and taken the early price. Having secured your early price of 5/1, you place your bet of £50 on the horse. As race time approaches, you notice that the price of your horse has come in from the 5/1 that you backed it at, to a price of 2/1. Due to the drop in price, you could also decide to lay the horse to lose and place £75 on that bet. So, how are you guaranteeing a profit by doing this? Well, there are of course only two possible outcomes for the horse that youve selected it will either win the race or it will not.
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