Horse racing tipsters.
What comes to mind?
In general, a scammy or unsavoury characters who lives on the seedy side of the street. The classic stereotypical view of someone who sells horse racing tips for a living.
Comment: ‘Those tipsters would say and do anything to get their hands on your money.’
But what is the truth?
I’ve been in the horse racing industry for over 30-years and seen and met a lot of gamblers, race fan and tipsters.
What I’m saying is that horse racing tipsters around the world are your average person who follows horse racing with a passion. They sell tips for an income because they have achieved a level of success. Most have won competitions and proven their ability with a third party that affords objective testing and real profits.
I remember Equine Investments established in 2003. They made their name by winning tipping competitions via Online Betting Guide (OLBG). There are many companies or individuals who have made a living from their work.
What you have to remember, the best in the business are exceptional at what they do and for that reason their services are generally costly. However, you can find tipsters which charge a few pound a month to those which cost £1,000 per year. Individuals who work as consultants may charge several thousand pounds a year. You get what you pay for. However, even the best have their barren periods and that’s why there is no such thing as a guarantee to winning money.
So what are the pros and cons of working with a horse racing tipster?
Pros:
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A better success rate.
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Steady supply of information.
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Proven record which has detailed a points profit
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Less work than doing it yourself
Cons
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You are one of many punters receiving the tips which impacts on the betting odds
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Often tips are detailed well in advance of the race and changing conditions can have a negative impact on success rate
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There are no guarantees of a profit even if previous years have been successful
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If you are a regular winner you may find your bookmaker restricts or closes your account
In conclusion:
The vast majority of horse racing tipsters are honest and work very hard to give you a profit. Literally, their success and income depends on it. It’s true the industry has fallen prey to a small number of scam artists which makes people wary. However, many tipsters have a proven track record and winnings.