6 key qualities of a professional tipster

| February 8, 2018

Following the right betting advice can lead to healthy profits

On today’s punting landscape there are literally thousands of sites offering advice. It’s almost impossible to determine which advice is worth following and which is not. One thing’s for certain, no-one can select the winner of every race. There are too many variables to guarantee results. However, serious punters are looking for profits over the long-term. It is possible to build long-term profits while not being distracted by short-term fluctuations. The way to do this is through following professional tipsters.

How do you find the best professional tipsters to follow? We have provided what we think are the 6 most critical points to look for when selecting a tipster.

  1. Independence

Is the tipster providing independent advice? Advice must be provided independently of their employer or the tipster’s own business interests. Otherwise their tips may be influenced by whether their business stands to profit or not. No tipster would admit it but perhaps subconscious thoughts influence the selections. Ask yourself why are they providing tips? What is the purpose in them providing tips to you? For example, following a tipster who works for a betting company is crazy because the company wants those tips to lose so they make money from your losses. Often also, tipsters work for sites that gain income through betting agent affiliations. In order for these sites to increase their commissions, they need their punters to lose money. Does this translate to whether they are trying to provide winning selections? Most would say not, however it may depend on whether their followers are strictly following their selections to the letter, or merely heeding their advice. In any case, it’s important to understand the drivers in their activities.

  1. Results

What is their track record? Do they publish their results and review them critically. This is important because it determines whether a tipster is being accountable. A tipster must provide an indication of performance over a long term. For example, our winning selections are published each week, since 2013 and nothing is omitted. On careful review, it’s easy to see the good days and the bad days, however the winners overall are averaging a starting price of more than $4, which for most punters would lead to a healthy profit. It’s important that a tipster publishes results and reviews them analytically and honestly each week.

  1. Experience

A tipster cannot provide expert opinion unless he has the background and experience to back it up. This may be in the form of a long-term career in horseracing, or if not, at least a formal education in mathematical analysis, through finance, statistics or mathematics. Otherwise, it’s the same as asking a housemaid for advice on your medical condition. They’ll have a story to tell but do they have a deep and sophisticated understanding of your problem. It’s a matter of credibility. Let’s face it, anyone can publish tips, however to succeed at betting one needs vast experience and knowledge, gained from learning different facets of the game over a long period. A person who has only just entered the field cannot begin to understand the idiosyncrasies and nuances of horse racing and thus will not be able to provide expert selections. Do they have the knowledge and experience in all facets of the game? One must have an understanding of how horses are bred, trained and raced. Long-priced winners for example have been selected on the basis of breeding alone, where certain breeds are noted for performing under certain conditions. This requires a knowledge that is gained over long periods, studying all aspects of thoroughbred horseracing.

  1. Engagement

Do they field questions and are they accountable? It’s important that a tipster interacts with his followers and responds to questions and inquiries. He doesn’t need to justify every tip but at least provide explanations if asked. In today’s environment, this may be through online services such as Twitter and Facebook, or through private messaging and email. The rules of engagement are changing all the time but the least you can expect is honesty and accountability when it comes to tipping.

  1. Commitment

Are they clearly working hard at their caper? It’s better if you can see that as a professional tipster they are working solidly and consistently over long hours. Studying form is a difficult and arduous task that requires hours of work and much note-taking and computer use. Many such as at Horse Racing Tips Australia have personal databases that they keep for their own use. These are all examples of the hours necessary to gather all the information for tipping winners. Without long hours of study, tips are merely guesses.

  1. Staying ahead of the game

Is the tipster keeping an eye on the pulse? Good tipsters are always watching replays, staying in touch with news, analyzing interviews and reading breaking stories. It’s important to stay on the pulse of news, as often there is a lag between breaking news and any changes in bookmaker odds. If you’re quick, you can take advantage of good odds when trainers change plans for a particular horse, or when race fields change due to withdrawals.

The above are what we think are the key points to consider when deciding which tipsters to follow. However, it’s also important to develop your own skills and get to the point where a tipster’s view is taken purely as advice and not as the sole piece of information used to bet on a horse.

Category: Betting

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