With the amount of sports betting tipsters out there, you’d think that everyone was getting rich off the bookies but the truth is far from it.
There are many paid tipping services available that provide a lot of hype. You think you're going to get rich quick, but ulimately they lack the substance to become a long term profitable tipster. Be careful before diving into any paid tipping subscription and keep in mind the following truths about tipsters.
Of course, you could just stick with our team at Before You Bet where all of our sports betting tips are provided for free!
So what makes a good tipster stand out from the rest of the pack? Neel Shah dives into this topic and takes a closer look at the truths behind good sports betting tipsters.
It’s not just about wins
Of course, winning bets is the main thing but most importantly, it’s long term profit. That means that you shouldn’t judge a tipster on what he’s made in the past few days, weeks or even months, good or bad. Look for tipsters with a winning record over several years at least. Their experience isn’t just about their knowledge on a chosen sport, but the mental resilience to overcome losing runs. You want to see they are focused on their strategy and it’s paid off long term.
Also look at whether they are beating closing lines or starting prices. This is usually a very good indication of a tipster’s potential for long term profit.
Getting the odds
Some tipsters are unfortunate in that they’re a victim of their own success. You have to be quick to get the prices advertised and if you miss out, the bookies know their tips are good and adjust prices accordingly. This poses a few problems. Firstly, the profit figures they promote might be tough to realistically achieve. Secondly, you have to be at the computer/phone to get the prices quickly and if you can’t do that, you aren’t getting the volume in that you need to make a paid subscription worthwhile. Thirdly, if the tips are any good, then your account could soon be restricted.
Type of sport
You don’t have to follow the sport you’re betting on if you trust in the expert opinion. Here at Before You Bet, we have several specialist tipsters with proven profitable track records in their niche sports.
More importantly, different sports will have different odds ranges and as such, variance can play a part in some sports more than others.
For example, you could be following golf tips and go months with constant losses, but one or two tournaments later, and there is a huge swing and turnaround which recoups your losses and more.
It’s the same thing with horses. If you end up betting on a 20/1 horse, it only has a 5% chance of winning if the odds are true. So you could end up betting on a lot of races without hitting a winner or place.
So it’s important to consider the tipster’s sport will affect the odds ranges. Stick to football for lower variance tipping. What you’ll find is that ROI is lower, but there are many football tipsters who have less losing months.
Along with a chance to make more profit, following an experienced tipster can often provide some insight that helps to improve your own knowledge and skill sets.
There are tipsters who provide huge detail in their write ups. A lot of people don’t read them (and I’m guilty of this too) but there are often nuggets in there that are worth remembering or keeping track of.
Even if it’s the greatest tipster on Earth, the costs have to justify you using their services. Do you have the bankroll to pay the subscription and make enough profit to make it worth your while? Everyone’s price of labour is different so this will vary.
Of course, if you’re unsure, then just stick with our free tips here at Before You Bet!
Neel is a pro punter based in the UK and currently working on a course on value betting and raiding the bookies wherever he can. You can find him on Twitter @mybettorlife