Paid v Free Tipsters
A debate which is always rife on twitter is the paid v free tipsters one. My view is it doesn’t make a blind bit of difference and here is why.
In my portfolio I have a range of free and paid tipsters, they are obviously all profitable otherwise they wouldn’t be in there and it is easy to compare the performance of these tipsters just by doing a few basic calculations.
Gross Profit = The Total Profit made in any given month regardless of Tipsters Fee
Net Profit = Gross Profit – Tipster Fee
Return On Investment (ROI) = (Net Profit/Total Stake) x 100
The free tipsters obviously have the advantage here because their net profit is equal to their gross profit as there is no tipster fee to consider. Therefore the paid tipsters will have to outperform the free tipsters in order to achieve the same net profit. When proofing tipsters the first thing I look for is if they can consistently achieve a given ROI and if so do they fulfill the following necessary criteria:
– Receiving the tips in an orderly fashion i.e. via email, text or put up on a website/blog
– Having enough time before the event to get on
– Being able to get on at the quoted price
– The volume of tips should not be overwhelming
– Being able to provide a full history of selections/results
I often find the above few points to be the downfall of free tipsters. There are a lot of good ones out there but its more than just tipping winners, its about providing a usable service. That said, I have approached some paid tipsters re their betting history and I am often baffled when they are unable to provide this. No serious gambler/tipster can ever make money without keeping stringent records.
There is a third group on twitter who i will call the non-tipsters i.e. guys who don’t actually class themselves as tipsters but do put their bets up on twitter throughout the day usually with the motto “Never pay for tips”. Don’t get me wrong some of the info is great and I really appreciate the knowledge these guys share but because of the random nature of when these bets are put up its very difficult to tell whether the non-tipsters are achieving an overall profit. My view is that the majority are probably not, one sure sign of this is that a lot of them still seem to have accounts with certain online bookmakers who shut down any seriously good horse racing gamblers in an instant. The other being the fact that you never get to see a full record of their results.
In conclusion I would say, from a punters point of view, it really doesn’t matter whether the tipster charges or not as free and paid tipsters are easily comparable by factoring in the handicap of the fee when calculating ROI. The only group whose profit/loss we will never truly know is the non-tipsters.