Betting tipsters are all over the internet, not to mention in betting newspapers and magazines.
In general they come in three forms.
In-house betting tipsters
The first are those who are paid by the week/month/column to provide betting tips to readers of a particular publication. The publisher makes its money by selling the publication and advertising space. The tipster, unless they have been around for so long that they’re in credit for a while irrespective of results, is under constant pressure to deliver results.
Very often betting tipping is their livelihood and a poor set of results over a longer period (say six months) can cause the Editor to pull the trigger on them. The pressure of constantly having the axe hanging over their heads is no bad thing for you, the punter. It means tipping is serious business for them and they therefore are guaranteed to dedicate the necessary time and effort into making sure their tips have been well thought out and researched, even if they don’t always win.
That said, there are publications and then there are publications. It’s one thing fancying yourself as a Premier League ‘expert’ for a University paper because you know who plays left-back for Bournemouth and you know the meaning of betting terms like ‘betting value’, ‘asian handicap’ and ‘lively outsider’. With all due respect to Undergraduates up and down the country, you probably don’t need to know too much to know more than the people you’re writing for.
It’s quite another being the betting tipster for football, golf or racing for a publication like The Racing Post. That’s a paper run by betting experts, for betting experts (or at least those who bet every week), written by betting experts. These guys might go through a lean patch here and there but in the long run, they’re the real deal.
Just because their tips are ‘free’ in the sense that they come with the paper, don’t let that put you off. If they weren’t good, they wouldn’t be there.
‘Tips-for-free-bets’ betting tipsters
Over the past few years some sites have developed a rather ‘interesting’ business model. Anyone and everyone is a bona fide betting tipster who can post their tips, on whatever events they want. The tipsters don’t get paid for their efforts but the most successful ones get ‘paid’ in the form of free bets which the sites receive from the bookmakers they work in partnership with.
The fact that there’s no hiding place in terms of the tips being logged and the P and L of each tipster being transparent and there for all to see is just about the only good thing you can say about this model.
The ‘tipsters’ need no credentials, no track record or anything else to just go ahead and tip up anything they like. There’s no downside to them to smash into a poor value 1.2 shot for a 10 point bet to try and ‘win’ 2 points for their fictitious balance so they can try to top the charts that week and win themselves a couple of free bets. They’ve probably not even had a couple of quid on the bet themselves.
The fact that you don’t need to justify the thinking behind their tips means they don’t need to show whether they know anything about what they’re tipping up.
There’s no pressure to perform just like someone who fancies having their own blog is under no pressure to produce good content. In other words, there’s no accountability..
Follow these sorts of betting tips at your peril.
Paid subscription betting tipsters
These are the ones Betting Maestro will be focusing on.
Paid-for subscriptions are generally run by companies like any others selling something: in this case they’re selling tips. Absolutely nothing wrong with that.
That means they’re investing their own money in Marketing, Customer Service, a website, payment methods and a load of other stuff. And let’s face it: you’d be pretty crazy to go through all that trouble and money if you didn’t have something good to sell.
The way it normally works is that the company and the tipster will share the money generated from the cost of subscriptions between them. So in that sense, they’re both under pressure from the word go. Not that being under constant pressure is a guarantee of success. But a company wouldn’t take a chance on a tipster unless they thought they could return a decent profit in the long run.
The good thing about these services is that subscribers vote with their feet. For the most part you can trust a company to at the very least publish an updated and correct P and L. But even if they don’t, you as a paying subscriber certainly will. If results aren’t good, you’ll stop subscribing and the service will cease to exist because no-one wants it. That’s just supply and demand.
That however, is only half the story. You still need to separate those who break even, lose a little or make a little…from the really good ones. And speaking of really good ones, these guys are the real deal.