Getting your “money head” straight.

In the last post we talked about getting the fundamentals right when setting up your betting portfolio.  The first fundamental we considered, quite naturally, was about picking the right tipsters and not taking an unnecessary gamble with exactly who you decide to follow.  The point being made was that whilst there are so many good services available, that are professionally run and proven to be profitable to the SBC, that there was no reason at all to look for tipsters elsewhere.

This is just the start though.  There are other considerations that should be given due attention before you take the plunge and start betting, and one such important consideration is what I want to talk about in this post.

Financial management

It is essential to know, before you start, how much you will be staking on each selection your tipster provides you with.  This means being crystal clear in your own mind exactly what proportion of your overall betting bank you are dedicating to the service, how many points that bank consists of, and what the monetary value of that point is, ie. your £/point or €/point.

Say you have decided to follow four tipsters and for ease of figures have £8,000 available as a betting bank.  It is my opinion that when starting out it is sensible to share your resources equally between the tipsters you are following, so in this case, £2,000 per service.

So you’ve read the reviews in the SBC’s betting magazines and have settled upon the four services you wish to sign up to.  Within those reviews you will have noted the recommended points betting bank that the SBC suggest.  From there it’s easy to calculate your stakes for each service.

Let’s say we have a portfolio that looks something like this:

Service 1: recommended bank of 100 points.

Service 2: recommended bank of 80 points.

Service 3: recommended bank of 50 points.

Service 4: recommended bank of 100 points.

For Services 1 and 4 we’ll be backing at £20/point, ie. £2,000/100.  So if Service 1 – a horse racing service – advises a bet carrying a stake of 0.5 points each way, our stake will be £10 each way.

And so on…Service 2 will carry a stake of £25/point, and Service 3 £40/point.  Easy.

Having a clear vision.

All of this sounds (and is) extremely straightforward and obvious.  But, I feel strongly that this basic exercise is something you must do before you actually start betting.  It is essential that as you carry on with your betting, that you keep your mind as focused and as clear as it possibly can be.  If you don’t, you will find that you grow more vulnerable to making rash decisions when things go badly, which they inevitably will from time to time.

I remember not long after I started betting “properly” that I went through a bad run.  It was then that I started messing about with my staking making basic mistakes such as reducing the stakes of the services that were losing and increasing the stakes of those that were doing ok.  Of course the inevitable then happens and I subsequently understake the services that had been losing but recover, and was staking more on the services that were doing ok but then went through a poor patch!  You’ll be amazed how common a mistake this is to make!

If you have your financial plan absolutely set in stone (and put it in writing too, as it helps to focus the mind) then it is easier to keep your mind clear and thinking rationally when the testing times begin. I can’t emphasise strongly enough how much success in betting is reliant on a consistent and clear mental approach…so start as you mean to go on!

Betting from Friday 6th January to Friday 13th January

It’s been an excellent week that produced an ROI of 31.94% and bank growth of 2.69%.

The top performer was Northern Monkey who came up with a stormer on Tuesday (Gracious Tom – Southwell – 11/2).  It wasn’t the odds that made the bet, but the staking of 0.75pts on the win and 0.5pts on the place.  Nice.  Thursday also produced the goods (Final Venture – Meydan – 10/1) , but these two horses were merely the highlights – there were other winners.

Morning Value Service enjoyed a very strong week with numerous (five) winners to push it into profit for the month and Chasemaster poked it’s nose out of the red and into the black on the back of a couple of winners too.

In fact the only services not showing a profit so far in 2017 are Football Service 1 which has had just the one bet so far, and Racing Service A which has hardly been prolific with it’s tipping either.

Here are the figures for the month to date:

Chasemaster: Staked 10pts, +0.45pts.

Jason James: Staked 57.5pts, +33.891pts.

Morning Value Service (Lite): Staked 17pts, +2.375pts.

Northern Monkey: Staked 22.66pts, +17.302pts.

Racing Service A: Staked 2.375pts, -2.375pts.

Racing Service B: Staked 35pts, +14.533pts.

Football Service 1: Staked 1pt, -1pt.

Pinpoint Golf: Staked 14.625pts, +5pts.

January’s performance to date: ROI 38.4%, ROC 5.55%.

The New Year – always a good time to get things right!

If you’ve read my previous posts on this blog, I would like to think that you might have picked up on what is something of a recurring theme – that to bet successfully and with a view to making a profit over time, you need to set yourself up right. Yes, that relates to your mentality.  Without a professional and realistic attitude, you have no chance.  But setting yourself up correctly also refers to the basic mechanics of your betting too.

Getting the fundamentals right

What do these mechanics consist of?  Well, there’s no mystery to them.  It’s just the fundamentals.  Following the right tipsters, having access to the best odds on each bet, taking measures to ensure you maximise the lifespan of your bookmaker accounts, keeping proper records, etc.

Let’s attack the very first of these points; following the right tipsters.

No need to take a risky punt

From talking to a lot of SBC members over the years, something I hear time and time again is that before making a conscious decision to raise the professionalism of their betting, people would waste money subscribing to tipsters who either had no real talent or were perhaps simply rip-off merchants.

I know I certainly wasted a lot of time and effort following the betting advice of some of these dubious characters.  After a while, I became so cynical that even when I discovered the SBC, it took me ages to actually sign up.  Seriously, I deliberated for months, all the while still trying to find tipsters that were honest, professional, and who possessed some sort of real edge over the bookmakers.  In the end, I thought blow this, and took the plunge with the SBC.

Now, looking back, I wonder what on earth I had delayed for.  In fact now, I can never see the point of paying to join a tipster that isn’t monitored and recommended by the SBC.  I’m sure there are services out there that are not proofing their selections to the SBC, and who are professional and produce a profit.  But why take the risk involved in guessing who these might be?  What’s the point?  On the one hand we have a large number of tipsters who have, over a long period of time, PROVEN themselves to be honest and profitable, and who we KNOW run their service extremely professionally and in a customer-focused way.  On the other, we see claims in adverts – some of which may be true – but we have absolutely no way of finding out whether they are or not before handing over some hard-earned.  So why take the risk?  As a serious bettor, we have to be always minimising risk, and to me, it seems a no-brainer to do that with every aspect of our betting operation.

Easy to find the best tipsters, so why risk doing anything else?

Take the SBC’s Tipster Profit Reports.  Published at regular intervals throughout the year, they tell us immediately who the best tipsters in the market are and how they’ve been performing.  They contain tables showing annual profits, recent form, how easy or difficult it is for members to secure the advised odds on each service’s selections, how much betting bank growth they have provided, and vitally, how long a period of time they’ve proven to have been profitable.  I know that the latest Report has just been released.  Anyone looking to start their 2017 betting journey on the right foot in terms of who they follow would find this extremely valuable reading, I’m sure.

With all this information so readily available, and updated frequently, why oh why would anyone take a punt on some tipster who doesn’t proof their bets anywhere, whose adverts we have to gamble on being honest and accurate in the claims they make, and that for all we know the odds may last just seconds before tumbling after bet release so that you could never realistically replicate their claimed results anyway?!?

We’ll be taking a look over the other “fundamentals” in a series of posts moving forward, but if you make only one New Year’s betting resolution, make it the one that says you’ll stop taking daft and unnecessary risks when it comes to stumping up to pay your subs to a tipster.  Just play it safe, and follow the tried and tested.

Betting from Monday 2nd January – Thursday 5th January

A good midweek, with the portfolio running at an excellent ROI of 39.79% and generating a further bank growth of 1.63%.

Top of the Hit Parade has been Northern Monkey who has had a storming last couple of days after what had been a very quiet week.  Wednesday’s sole bet was a winner (Petite Jack – Lingfield – 9/4) and on Thursday we had three winners from six bets including a stormer at Wolves (Zac Brown – 12/1).  This was the first time that having BOG again on my new accounts really paid off as the horse was originally tipped at 9/1.

Racing Service B came up trumps on Thursday too (Misbah – Meydan – 9/1) which contributed to a total of 10.25 points profit since Monday.  Jason James consolidated his spectacular start to the year by adding another 3 points of profit and it was only Chasemaster and Morning Value Service (Lite) that gave up a loss, albeit a modest one.  No bets at all from Racing Service A.

Figures for the month to date:

Chasemaster: Staked 3pts, -3pts.

Jason James: Staked 27pts, +37.925pts.

Morning Value Service (Lite): Staked 9pts, -5.75pts.

Northern Monkey: Staked 10.25pts, +8.97pts.

Racing Service A: Staked 0.5pts, -0.5pts.

Racing Service B: Staked 18pts, +4.95pts

January’s performance to date: ROI 47.86%, ROC 2.83%.

Getting Ready – 2017 Here We Come!

Taking a break from it all

Well, I guess that’s Christmas over for another year.  Got to say, I enjoyed mine.  As I’d previously mentioned in these pages, I went away for the duration of the festivities, down to deepest, darkest Devon.  A lovely little place on the coast, lovely pub, great food and ale.  As a direct result, I’ve returned (two days ago) 100% refreshed and highly motivated to get the next betting year going.

If you run a portfolio of betting tipsters, you’ll know how much hard work goes into it on a daily basis, and I can’t recommend strongly enough getting away from it all every now and then.  But I do mean getting away from it!  Just putting the odd bet on here and there, dipping your toes into the betting waters…this is what I used to do whenever I went on holiday.  I was always really worried that I might miss some tipster or other bagging their yearly profit in the few days I was away, tipping winner after winner at double figure prices.  Well, you know what?  It never worked like that, and I learnt that the benefits of having a complete break from things was by far a better way to go.

It is a common misconception held by those that don’t really understand what running a betting portfolio involves, that it’s dead easy.  Get some tips through, place your bets, count the winnings (or losses).  But as we know, things are not that easy – a long way from it in fact.  Securing the best odds possible is absolutely essential, but doing so with the planning and forethought necessary to keep bookmaker accounts viable for as long as possible means this is in itself a far from straightforward task.

Then there’s the losing runs to cope with.  There are more losing days than winning ones, and the way the brain is wired means that the negative mental impact on most individuals is felt far more by the downs than the “ups” we feel after we’ve won.  This is a subject I intend to write more on in the near future, but for now, suffice to say that the mental toll betting every day can inflict is considerable.

All of this is why, having not placed a bet for nearly three weeks, I feel beautifully refreshed and raring to go again.

Getting ready for 2017

Just because I didn’t place a bet however, doesn’t mean to say I didn’t spend some time thinking about the way to best attack 2017’s betting.  I needed to be brutally honest with myself, aware that one of my faults is perhaps to sometimes persevere with something too long as opposed to facing up to the fact that for whatever reason, it wasn’t working for me.

Two examples of this relates to two of the football betting services I’ve been following.  Both excellent services, but try as I might, I was consistently missing out on acceptable odds.  I’ve absolutely no doubt these services will work for some, but at the times I’m able to put bets on (or more significantly, the times I can’t), neither service was working for me.  I’ve also stopped placing the MVS (Doubles) bets, but am certainly persevering with the MVS (Lite) singles.

The other thing I’ve done is open new accounts at some of the best known bookmakers, ready for the New Year.  I wonder how long BOG will last?  I’ll be sorely disappointed if I can’t make it last some considerable time.  I know what to do to keep under the radar for as long as possible and I see extending the life of my accounts as a personal challenge.

Other than that, it’s business as usual.

And so just one day’s betting to report upon; that of Sunday 1st January, 2017…

Reading yesterday’s update email from Jason James, it was interesting to see that I’d missed a large part of what has been a bad run for him in December (I’ve not checked other tipster’s results – no doubt I’ve missed profits elsewhere to compensate!?!).  Yesterday however, he showed more spark than the London New Year fireworks, and by doing so, immediately wiped out his recent losses and then some.  Five horses were tipped, four of them won.  Two of them were doubled up and carrying a 2 point stake (Superb Story – Musselburgh – 2/1 and Shearian – Southwell – 3/1), a bet which in itself produced 22 points profit.  To add to that were a lovely winner at Catterick (Snowed In – 7/1 but Rule 4 deduction applicable) and again at Musselburgh (Cold March – 6/1).  That’s the tipping equivalent of Olivier Giroud’s goal yesterday, and what a way to get 2017 up and running!

No joy elsewhere, sadly.  Just a couple of placed horses from each way bets.

Chasemaster: Staked 1pt, -1pt.

Jason James: Staked 6.5pts, +34.925pts.

MVS (Lite): Staked 1pt, -1pt.

Northern Monkey: Staked 3.5pts, -1.5pts.

Racing Service A: Staked 0.5pts, -0.5pts.

Racing Service B: Staked 8pts, -5.4pts.

January’s performance to date: ROI 67.6%, ROC 1.23%.

Can’t imagine that ROI figure will stay that high for too long, more’s the pity! 🙂

Until next time…

What’s this betting lark all about? Is it business, or pleasure?

Ahoy there!

So, how’s things going?  Ready for Christmas?

Ok, then.  We’ve started to explore some of the things that we must do to set up a sturdy portfolio of betting tipsters to give ourselves the best chance of making a good level of ongoing profit.  There’s a lot more detail we’ll be going into, but before we do, I want to ask you something…

Have you actually sat back and thought about exactly what it is you’re trying to achieve with your betting?

You know a lot of people I talk to tell me that when they started out trying to raise their level when it came to their betting, they had no real target or specific aim in mind.  This always seems strange to me.  I see setting up and running a betting portfolio very much the same as setting up and running a new business.   Would you start a business without first thinking long and hard about how you would go about growing and developing that business, and to what end?  I would like to think not.

Similarly, I’d like to think we’d all draw up a proper business plan before embarking on our adventure.  This would especially be the case if we intended to raise start up funds by means of a business loan.  In fact, if we didn’t, there’d be absolutely no hope of getting that loan, let’s face it.

Set Realistic Financial Targets

So something I’d strongly recommend to anyone starting to build a tipster portfolio is to take some time to really think things through.  Set some realistic financial targets, and write down exactly how you intend to reach them.  It’s important you commit these thoughts to paper.  It will provide a tangible and ongoing reminder of why you are doing what you are doing.  In my experience, it will help keep you on the straight and narrow path of betting righteousness through the tough times when you’ll be tempted to veer off your course by the various demons that will be letting themselves known to you – chase losses, try a new tipster, don’t worry about having a big enough betting bank, drop that tipster as he’s had a bad month (but several successful years!), etc., etc.

Look.  You are going to go through some very testing times.  There is no escaping them.  Indeed, you will go through more loss making and flatlining spells than winning ones, and they will undoubtedly test your resolve.  Having a written “mission statement” as such, will help you through those testing times, believe me.

50% Is Not To Be Sniffed At

What is very important however, when you’re setting your targets, is to be realistic.  If not, you’ll only add to the pressures involved in this project, and that’s the last thing you want to be doing.  Personally, I’d always say that you should aim for an annual Return on Capital (i.e. the percentage of your original investment you make as profit or loss) of 50%.

Some will say that 50% is rubbish.  Don’t believe them.  If you were to invest £1,000 this year, isn’t making £500 from that initial investment a darned good return?  Of course it is.  And you know what, you might well make much more – hopefully so – but if not, then you’re not setting yourself up for a psychological fall.

So, be realistic, set targets you have a good chance of hitting, and commit everything to paper (or to a Word document at least).  Write your business plan, and you’ve already done something that I imagine 99.9% of bettors don’t.  And let’s face it, we want to be one of the 0.1%, do we not?  We want to be one of the very few that actually make a good profit from betting.  So let’s start on the right, professional, footing.

 

November Review

November has felt like a really difficult month’s betting.  Almost all the services followed have gone through a really bad spell.  Some have produced a small profit but in general, almost every tipster has, to some extent, struggled.  The only exception really is Football Service B whose System has come up with the goods (ROI of 17.1%).

I’ve got to say I’ve found it tough going.   Perhaps it’s a combination of too many tipsters showing poor form and dark mornings and dark afternoons.  I feel like I need a break from it all to recharge the batteries, which is perfectly natural.  Betting every day can become a bit of a grind, just as any job can.  Fortunately I will soon get the chance of a break as I’m going away over Christmas, escaping the shopping madness and crowds by renting a cottage on the Devon coast.  It should provide the perfect antidote to the winter blues.

But I digress.

In truth, November has, I believe, raised a number of questions relating to some of the services in the portfolio.  I’m not making any changes at this time, but I am thinking of tweaking a few things in time for the New Year.  For example, the Combo Racing Method is proving to be consistent, but does simply not throw up enough bets to justify my allocating it a separate bank.  I would like to continue putting some extra money on the selections it throws up, but I need to think about exactly how I will do this.  There are of course, other tipping services which would inevitably generate more Combo System bets but they’re not a part of my portfolio.

Racing Service B has had a very disappointing month, but I’ve no real concerns here, despite the fact that performance levels are not as we would wish them to be.  I certainly won’t be dropping them for 2017.

I may have to revisit the Morning Value Service (Doubles) strategy however.  Why?  Well, I just don’t particularly like placing doubles.  I’m the betting equivalent of a meat and two veg man – I like to keep things simple.  Northern Monkey isn’t shy of throwing in some doubles and it’s all getting a bit much.  No doubt I’d feel differently if the MVS (Doubles) hadn’t fared so poorly this month but even if December proves to be incredibly lucrative, I think I’ll likely drop this from the portfolio and redirect the funds allocated.

I also have a real concern about my ability to follow Football Service C bets into the New Year too.  This is no-one’s fault – it’s just that I have commitments when the bets come through and as a result I’m missing the odds too much.  I’m going to carry on for now and really think hard as to whether there’s a practical solution to the issue.

Other than that, there’s not too much to comment on.  The results aren’t here yet, but the first few days of December have already proved to be far more profitable and therefore enjoyable, so fingers crossed December will be a great month and the struggles of November can be quickly forgotten.

Overall then, November’s betting showed an ROI of -4.27%.  Let’s move quickly on…

Chasemaster: Staked 17pts, +2.625pts.

Jason James: Staked 91pts, +7.077pts.

Northern Monkey: Staked 43pts, +2.31pts.

Racing Service A: Staked 11.75pts, +0.125pts.

Racing Service B: Staked 89.5pts, -32.45pts.

Morning Value Service (Lite): Staked 37pts, -5.41pts.

Morning Value Service (Doubles): Staked 34pts, -31pts.

Combo Racing System: Staked 10pts, +0.25pts.

Football Service A: Staked 36.6pts, +1.09pts.

Football Service B: Staked 23pts, +3.94pts.

Football Service C: Staked 41pts, -8.1pts.

Pinpoint Golf: Staked 187.5pts, -3.8pts.

Staying in control of the basics.

I would think that most of you are familiar with the following quote:

“God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.”

These words are without doubt, highly relevant to the way you should go about running your betting portfolio.  To avoid going insane, you need to separate in your mind what it is you can control, from the things you can’t.

You cannot control how the horses you back run.  You cannot control the player who misses an open goal from inside the six yard box in the 93rd minute, thus making your bet a losing one and not a winner.  You cannot control the golfer who misses the three foot putt to clinch the tournament, denying you a winner at 50/1.

The sooner you get your head around this inescapable fact, the better.  By accepting that you have no control at all over the events you are betting on, you will avoid much heartache and hair tearing!

However, it is just as important to be aware of the various things connected to your betting that you are 100% in control of.  Because if you don’t, things will run away from you.

You need to:

  1. Keep proper and accurate records of all of your bets.
  2. Open as many bookmaker accounts as you can.
  3. Set up your portfolio so that it is balanced and diverse.
  4. Allocate accurate and properly calculated betting banks to each service that you follow.
  5. Think clearly and rationally about any decision made affecting the portfolio.

Only by doing these five things will you be running your portfolio on a professional basis.  I guess the five points are the first stages involved in elevating your betting from simply being a pastime to representing a form of investment.  Which surely is the aim, isn’t it?

We’ll look at these issues more closely in future posts.

Betting from Saturday 26th November to Friday 2nd December

Well if last week was a stormer, this week was a nightmare.

Of the 11 tipping services to issue bets this last week, only one turned a profit!  In times like this, you just have to remember there will be weeks when 11 services provide a profit, and just one a loss.

So, hats off to Chasemaster, who had a lovely winner on Thursday (Ascunion – Market Rasen – 14/1).  I was a little fortunate with the price, as I placed the bet with a new bookmaker account I’d recently opened and therefore benefited from the BOG concession that I am still entitled to.  The officially recommended price was 9/1 – lovely when they drift like that and win!

Elsewhere it was unmitigated losses everywhere.  There were no returns at all for Racing Service A (although only 2.5 points were staked), the Morning Value Service (Doubles), and Football Service A, who couldn’t do anything right.  I must admit, going in with relatively large stakes on big names to cover big handicap lines is not something with which I feel comfortable, but that’s just a personal outlook.

Here’s hoping to a better week ahead.

Chasemaster: Staked 5pts, +15.625pts.

Jason James: Staked 19pts, -3.25pts.

Northern Monkey: Staked 13.25pts, -1.1pts.

Racing Service A: Staked 2.5pts, -2.5pts.

Racing Service B: Staked 31.5pts, -18pts.

Morning Value Service (Lite): Staked 12pts, -2.25pts.

Morning Value Service (Doubles): Staked 12pts, -12pts.

Football Service A: Staked 13.4pts, -13.4pts

Football Service B: Staked 6pts, -3.76pts.

Football Service C: Staked 13pts, -5.79pts.

Pinpoint Golf: Staked 35.75pts, -13.5pts.

Long term, long term, long term.

Back in 1996 Tony Blair set out his government’s priorities at that year’s Labour Party conference: “Ask me my three main priorities for government, and I will tell you: education, education, education”.

Well, if you ask me what my priorities are when I’m planning my betting, and I will tell you: long term, long term, long term.

It’s boring, I know.  And I can guarantee too that when things get a bit tough, as they surely will at fairly regular intervals, you will be thinking sod the long term, what about the here and now?

However, before you set out on your mission to bet profitably, you simply must set realistic ambitions and give yourself plenty of time to achieve them.  If you try to take shortcuts in an effort to speed things up, you will be punished.  Slow and steady really does win this particular race, and putting yourself under pressure by trying to ramp things up too quickly is a strategy bound to end in tears.

Patience is essential, and if you’re starting small, building returns gradually as you should with any financial investment, there will inevitably be times when you feel that you’re failing to make any progress.  Your returns will look modest to you, and if you’re not fortunate enough to start making a profit instantly, you will need to remain focused on…yes, you guessed it…the long term.

To bet successfully, there are certain traits that you must demonstrate: patience is, as far as I am concerned, at the top of the list.  If you can demonstrate patience, and then add solid contributions of being realistic in the expectations you set and an understanding that this is no get-rich-quick scheme, then you’re loading the dice in your favour.

Patience, patience, patience.  Long term, long term, long term – as one former Prime Minister might say were he an experienced bettor.

 

Betting from Saturday 19th November to Friday 25th November

A very good week of betting for the portfolio, primarily down to the strong performance of a couple of football betting services I follow.  Last Saturday in particular was an extremely good day, and in fact the other six days between them only added a sliver of profit.

Of the twelve service that proffered bets, seven were profitable.  Of the five that made a loss, three of them barely ended in the red, so losses were controlled.  An overall ROI on the week of 25.44% is the happy result.

Chasemaster: Staked 6pts, +4.25pts.

Jason James: Staked 26.5pts, -8.5pts.

Northern Monkey: Staked 12.25pts, +3.902pts.

Racing Service A: Staked 1.875pts, -0.25pts.

Racing Service B: Staked 18pts, -1.75pts.

Morning Value Service (Lite): Staked 11pts, -0.75pts.

Morning Value Service (Doubles): Staked 6pts, -6pts.

Combo Racing System: Staked 4pts, +2.25pts.

Football Service A: Staked 15.6pts, +7.736pts.

Football Service B: Staked 11pts, +8.49pts.

Football Service C: Staked 16pts, +5.67pts.

Pinpoint Golf: Staked 48pts, +1.95pts.

Why betting *CAN* be such a good investment: Part II

Well, last week’s post got one or two social media tongues wagging!

For anyone not following @SBCinfo on Twitter (and if not, why not!?!) my post on why betting is such a good investment was criticized, albeit mildly, by a pre-eminent author of various books on the subject of betting and tipsters.  One such, How To Spot a Black Cat in a Coal Cellar is something of a classic and well worth a read.

Anyway, the author of these books believes my post to be a little misleading, stating that it is very difficult to make a long-term profit via gambling but that my post made it appear that profits from betting is easy money.  All I can say is that wasn’t my intention.  First, I acknowledge that the skill and ability to build and maintain an ongoing edge over the bookies by a tipster is a task beyond all but a few very talented individuals.  And second, following tipsters profitably takes a great deal of self-discipline, mental fortitude, and proper planning and organisation.  The point of last week’s post was to show how, when executed properly, betting can be a great investment and the reasons why…a subject I wish to continue discussing this week.  But to make sure that we’re all on the same page, I’ve subtly but importantly altered the title of this post and emphasised the word “can”!

So last week we saw that betting profits are tax free – to residents of the UK at least – and that we are very much in control of our own funds.  The rate of return can outshadow many other forms of investment with the potential to generate a strong Return On Capital by being able to turn over a bank of funds quickly and repetitively, and that a betting “operation” can be grown whilst not increasing exposure to risk.  Of course, all of these points have caveats attached, in that each process involved in generating a long-term profit has to be executed in an appropriate manner.

There are other advantages too.

One is a direct consequence of the  last point made above.  Because it is easy to reinvest any profits made from betting, which in turn means growth is possible without increasing risk, you can start betting with a small initial investment.  In fact, I would strongly recommend starting small.  If you were learning to swim, you wouldn’t start by attempting to cross the Channel, would you?  And the reason for that is that if you did, you’d drown!

Well, when it comes to investing money in betting then it is best to exercise caution, especially when setting out.  That way any mistakes you make as you embark upon a steep learning curve don’t cost you too much.  A constant and continuing  theme that you’ll see as we go along with this blog is of exercising caution.  I am risk averse, and I feel strongly that anyone involved in betting as a means of investment should be too.

Finally, the return for the time invested can be excellent.  Sure, running a large portfolio of tipsters can become time consuming, especially as there is obviously a lot of records to be kept, but ultimately, the possible returns in comparison to the time needed for the work involved is excellent.

And after all of these reasons why betting CAN be such a good investment, I need to report on a very poor week’s betting!

Only one service excelled (Football Tipster A) who enjoyed a strong weekend, and Racing Tipster A coughed up a 25/1 winner last Saturday which ensured a profitable week overall, but after that it was a story of doom and gloom…

Jason James: Staked 19pts, -4pts.

Morning Value Service (Doubles): Staked 3pts, -3pts.

Morning Value Service (Lite): Staked 6pts, -6pts.

Northern Monkey: Staked 16.5pts, -3.23pts.

Racing Tipster A: Staked 2.75pts, +1.5pts.

Racing Tipster B: Staked 18.5pts, -14.6pts.

Combo Racing System: Staked 3pts, -3pts.

Football Tipster A: Staked 6.5pts, +5.544pts.

Football Tipster B: Staked 3pts, -0.89pts.

Football Tipster C: Staked 8pts, -5.48pts.

Pinpoint Golf: Staked 60.5pts, +13.59pts.

 

 

Why betting is such a good investment*: Part I

*If done properly!

Betting is a great way of investing money, but that short sentence above in italics is an extremely important proviso.  I don’t personally know of a better investment vehicle than betting but only if executed properly, in a way that minimises risk and maximises potential returns.

Sure, betting carries risk.  But then so does any “investment”.  I guess sticking your hard earned in the bank or building society will absolutely minimise the risk that your funds are exposed to, but even then, as the collapse of the banking system during the Credit Crunch of 2007-08 showed, your money is never 100% secure.  More to the point, by setting up a sensible and well thought out betting operation, not only can you reduce your risk profile, but you also remain in complete control of your money.  As soon as you invest in investment funds such as ISAs or higher risk hedge funds, property, bonds, precious metals, vintage wines or anything else that has the potential to provide a return, you become exposed to the will of other people (Fund Managers) or market forces.  What’s more, in areas such as property, you may find it difficult to withdraw your funds from your investment with any haste and can easily find your capital tied up.  Not so with betting.

Let me make 100% clear, I am NOT recommending you ignore all these other investment vehicles completely and instead plough every spare penny into forming a betting bank.  No.  As we will come to see with setting up a well balanced portfolio of tipsters to follow, diversification is key.  Spreading your risk and investments is vitally important.  But that doesn’t mean you can’t have a favourite mode of investment, does it?

So let’s begin to look at why betting is my favourite way of investing money (but not my only one!)…

Well, we’ve already mentioned the fact that I am in control of my betting, and my funds aren’t at the disposal of someone I don’t know and never will.

I guess the biggest benefit is that the potential returns are so good.  For a strong, well-balanced portfolio of tipsters, returns should see annual bank growth of somewhere between 60 and 120%.  What other investment can comfortably double your money in the space of a year?  So £1,000 in a betting bank can easily become £2,000 in twelve months (some achieve far greater annual returns than this), whereas £1,000 stuck in a savings account offering a 5% interest rate will become £1,050.  Some difference, eh?

What I would say is that your realistically annual returns do depend on certain circumstances and not just on the performance of the tipsters you follow.  This is worth bearing in mind as you set up your operation – set it up properly and carefully; plan for the future whilst acting in the present.  Your returns will be greater all the time you have access to Best Odds Guaranteed concessions on your bookmaker accounts, access to a large number of bookmaker accounts that are unrestricted, etc.  So it’s worth right from the very start, setting yourself up in such a way that you maximise the lifespan of these accounts (which is something we’ll explore in this blog a little further down the line).

Another advantage betting has over other forms of investment, in the UK anyway, is that all returns are tax exempt.  As your betting operation grows, this can be a huge positive, worth £ooos a year.  And that brings in yet another positive – it is so easy to reinvest your money as you make a profit.  The process of reinvestment is rapid – stakes can be raised literally overnight – and this cumulative snowball effect can be used to your advantage, making a higher bottom line profit whilst keeping your exposure to risk exactly as it has always been.

And finally for now, it’s worth bearing in mind that you don’t need years of experience to form a strong, high performing betting portfolio.  Sure, you need to demonstrate certain skills and you need to train yourself to become a good bettor, but you don’t need a university degree or vocational qualifications.  What’s more, you can get ample help and guidance from the Secret Betting Club! 🙂

Believe it or not, there are plenty of other reasons why betting is a great way of investing money.  I’ll go into these in my next post.

 

November’s betting to date

Of course, after extolling the virtues of betting, I now have to report on a losing start to November!  Typical!

The overall situation isn’t so bad, and the last few days’ betting have been much improved on what came before, so hopefully we’re about to enter a good period.

The SBC’s Jason James service is the top performer in November to date, and another strong week means that the ROI for the month is running at a staggering (and unsustainable) 64.4%!  Other than that though, strong performers are not so much a little thin on the ground as non-existent!

Northern Monkey has had a horror month so far, down -65.7% ROI, but form is temporary, class permanent and all that.  All in all, of 12 services in the portfolio, only five are in profit, and two of those only marginally so.

Here are the figures:

Chasemaster: Staked 8pts, -4.25pts.

Jason James: Staked 30.5pts, +19.65pts.

Morning Value Service (Doubles): Staked 14pts, -11pts.

Morning Value Service (Lite): Staked 22pts, -1.5pts.

Northern Monkey: Staked 19.5pts, -12.825pts

Racing Service A: Staked 4.75pts, +1pt.

Racing Service B: Staked 29.5pts, -6.1pts.

Combo Horse Racing System: Staked 3pts, +1pt.

Football Service A: Staked 2pts, +2.28pts.

Football Service B: Staked 3pts, +0.1pt.

Football Service C: Staked 4pts, -2.5pts.

Pinpoint Golf: Staked 43.25pts, -5.84pts.

Until next week…

October Review

At the end of each month I print up a review of that month’s betting and update the figures.  After a very strong September, October proved to be a tough month…

Of course not every month will run smoothly.  That’s a fact we have to face up to.  No matter how well balanced and diversified our portfolio, there will always be spells that are disappointing.

I’ve seen it written many times that October is a really tricky month for the nags.  As the flat season winds down and the jumps season cranks up, a combination of changing ground conditions, flat horses “over the top” for the season, and the jumper’s fitness an unknown quantity, it certainly sounds a combination that would make any sane bettor hang up their betting boots for a few weeks and go off somewhere sunny instead.  Which is all well and good, but in fact when I look at my figures, I see that the racing tipsters actually scraped together a small profit, and it was the sports services that did the damage.

Only Northern Monkey excelled, generating an ROI of 14.84%, although a nod to Jason James too, with an ROI of 10.91% for the month.  However, the most significant performances, in a negative way, were those of the Football Service B (ROI -28.17%), Pinpoint Golf (ROI -24.41%), and Morning Value Service (Doubles) (ROI -50.74%).

Those Morning Value Service (Doubles) figures look particularly gloomy, but we need to remember that the stakes on these bets are relatively very small, so in cash terms, not that much damage was done.

My biggest worry actually surrounds Football Service C, as I’m not currently getting the odds on the bets that I need to.  I need to think about this for otherwise, the profit margin will be eroded and that’s no good.  I need to think about this and how I can improve things here.

Overall, the month’s ROI was -8.66%, the ROC -3.97%, with only two of the 11 services that provided bets turning a profit.

Here are the figures:

Northern Monkey: Staked 64.85pts, +9.629pts.

Chasemaster: Staked 26.5pts, -0.075pts.

Jason James: Staked 118.5pts, +12.94pts.

Horse Racing Service B: Staked 130pts, -8.95pts.

Morning Value Service (Lite): Staked 53pts, -6.375pts.

Morning Value Service (Doubles): Staked 33pts, -17pts.

Racing Combo System: Staked 8pts, n/a

Football Service A: Staked 61.1pts, -6.087pts.

Football Service B: Staked 28pts, -7.89pts.

Football Service C: Staked 53pts, -8pts.

Pinpoint Golf: Staked 215.25pts, -52.545pts.