With access to statistics, results and replays at the touch of a button, these days it is easier than ever to spend hours studying the form ahead of a race meeting. However, few people have the time to spare in their hectic daily schedule with work and family taking priority. They often put their faith on online tipsters to do the work for them but how easy is it to find one who will help you make a profit?
Source: Lee McKenzie via Twitter
If you’re lucky, or unlucky, enough to be glued to social media, you are likely to have noticed the rise of online tipsters selling their product to the general public. Some of them will be making a healthy profit through hard work and diligence pouring over the stats each and every morning whilst others are largely relying on guesswork.
There are other ways of selecting which horses to back. The Racing Post NAPs table is an established force but wading through around 40 tips a day can be almost as time-consuming as looking at the race card itself!
The advice is to simply take your time; don’t rush in. Select a pool of tipsters and follow their selections for about a fortnight using imaginary cash and see if you’d have turned a profit. Of course, every expert is allowed an off day and there is little you can do about a horse’s path to the finishing line being blocked off or an inexperienced jockey making a blunder at the final fence. Generally, you should have made a small profit at least during this period.
Check their staking system. You don’t have to win every bet; however, sensible staking can lead to success. There are plenty of staking systems online which can help advise and point you in the right direction. If you spot a tipster being liberal, reckless or not using any kind of staking system at all: avoid.
Source: Racing Post via Twitter
Some services rely solely on one bookmaker and use their odds regardless of better value elsewhere. This is lazy. A decent tipster will offer a selection in the race and often declare which bookmaker offers the standout price, this helps long term profit to be made for all subscribers. If you suspect there may be better value elsewhere, then it may be worth taking a look at the range of betting offers in the UK to find out where you should be placing your next bet. Many bookmakers provide welcome bonuses to new customers in the form of free bets, such as a “bet £5, get £20” offer, so it may be worth opening accounts with different operators in order to take advantage of the various bonuses.
Finally, a good tipster will always own up to their losses! If their NAP loses heavily and it never gets mentioned again or any trace of it is scrubbed off their profit/loss column, this is a very bad sign. Transparency is the key here. It is vitally important that there is trust between tipster and subscribers. Too many services lie about their profit, focusing on those glorious winners and discreetly scrapping those three consecutive losses which made a dent in their monthly total.
There are a number of honest and profitable tipsters out there who have a loyal customer base making a profit each month but they aren’t always easy to find. It may feel like a long and laborious process separating the wheat from the chaff but it will be worth it in the long run just to see your wallet bulge!