How to get started betting with tipsters – simple 5 step guide

Posted on March 29, 2019 by Peter Ling

If you have an interest in the idea of using tipsters to make a profit from your betting, then in today’s blog post, I have penned an easy guide to help you get started doing exactly that.

Titled ‘My 5 Step Guide To Betting With Tipsters‘ – it gives you the lowdown on all you need to get going and some of the key concepts to understand along the way in your profitable betting journey.

Tackling everything from the cost of tipsters, betting banks, the kind of profits you can expect and yes – dealing with losing runs, it should hopefully give you a good idea on the reality of betting in this way.

So if you are intrigued by this concept – I hope you enjoy these 5 simple steps…

Step 1: Sign-Up To A Top Performing Tipster

The first thing to do is to find the right tipster or tipsters for you to follow.

This needn’t be an expensive service as many of the top performing tipsters you find within our Tipster Hall of Fame listings keep things relatively affordable – charging an average of around £30 per month for access to their expertise.

A cost that will ultimately be dwarfed by the profits usually made by each tipster over an average period.

Putting cost to one side, what often matters more is choosing the right tipster to suit your circumstances and things like:

What time of day you can bet;
What you can bet on – often determined by the bookmakers or exchanges you have access to
How many bets per day you wish to place;
How patient or disciplined you are prepared to be at times;

You can get answers to all these questions and more in our tipster reviews, which are there to help you find the right tipster for your specific preferences. After all, everyone is different and there is lots of choice given the number of excellent tipsters out there currently.

‘Enabled Me To Have A Long-Term Edge Over The Bookies’
“SBC has given me some crucial information on tipsters that have enabled me to have a long term edge over the bookies. Information such as long term consistency of tipsters as well as other key information such as odds and how taking odds at the wrong time can impact ROI.
Read more from SBC member, Dave on how SBC has helped his betting

Step 2: Set Up Your Betting Bank

Once you have chosen your first tipster – the next step is to set up your points betting bank to follow them with.

This points betting bank is a figure relative to the tipsters staking plan, which ensures you will not go bust and keeps your own staking disciplined and consistent through both good and bad runs the same.

It’s probably best explained with a real life example from our Tipster Hall of Fame – lets call them Racing Tipster X.

For Racing Tipster X, we advise a points betting bank of 100, based on their staking plan which advises you back each of their tips with between 1 and 3 points. The amount in points depends on the tipsters confidence in each bet – 1 point is their smallest bet, and 3 points is a max bet.

If you were to follow Racing Tipster X, you would simply take the money you have set aside to follow them with and divide it by this figure of 100.This is then your stake per ‘point’ advised.

So, if you have £1000 set aside, your stake per point is then £10 (1000/100)

Should Racing Tipster X advise a 2 point win bet, you would then risk £20. 3 points would be £30 and so on.

If you only have £500 set aside for following Racing Tipster X, your stake per point would be £5 (500/100)

Over the past 12 months, Racing Tipster X has actually made a profit of 319.8 points profit so at £10 a point stakes, you would be up £3198.00 and at £5 stakes, you would be up £1,559.00.

Step 3: Educate Yourself on Losing Runs & Realistic Expectations

If all the above sounds easy – well that’s because it really is. You simply find the right tipsters, get going with the advised points betting bank and away you go.

Yet, betting in reality is never that simple and it is vitally important you spend a bit of time learning about the challenges of betting – especially how to handle bad runs and keeping your expectations in check.

With this in mind, I highly recommend all SBC members read the 100 page ‘Pro Gambler Blueprint’ and 54-page Betting Psychology Guide: ‘How to get the Betting X-Factor’ we provide access to via our Pro Betting Fundamentals section.

Both these guides give you both the practical and theoretical tools to cope with the ups and downs of betting and are a great resource to utilise and lean on during your betting journey.

Because whatever some ‘dubious’ tipsters may tell you – everyone loses at times and understanding how to put bad runs into context and keep your staking on the straight and narrow during them is vital.

Ultimately, each of the Hall of Fame tipsters we recommend do have winning long-term records dating back several years, yet all of them at times do endure bad runs.

No-one can ever hit a 100% strike-rate for success and by educating yourself with these easy to read guides, you will give yourself all the tools you need to cope.

Step 4: Keep A Record of Performance

It might sound obvious, but another vital part of betting for profit is keeping an actual record of your performance.

This can be anything from a detailed bet-by-bet rundown of each tip you place or even a daily/weekly summary of performance.

However detailed the record you keep – the key point is that you know what you are making and how the tipsters you follow are faring for you.

You can use free sites like Betting Metrics or bettin.gs who not only do this for you, but also provide analytical tools to help you scrutinise your performance in depth. As an SBC member you can also enjoy discounts on both the Betting Metrics & Bettin.gs ‘Pro’ options

During any bad runs of form, I also highly recommend falling back on your performance record to help give some context and insight into your long-term form.

Step 5: Don’t Run Before You Can Walk

As tempting and exciting the world of betting for profit using tipsters can be and is at times, there is no rush to jump in all guns blazing and start risking huge sums of money right away.

I always advocate a gradual walk-before-you-run policy that sees you start with a handful of tipsters at most – possibly even using a few of the top free tipsters we supply to members.

This type of sensible approach enables you to get to grips with the reality of following each tipster and how they work, without spending large sums on subscriptions.

Keeping staking relatively small to start off with is also recommended as it’s far better to learn at £5 or £10 stakes than £50 or £100 stakes.

If rushing in at big sums, you are placing yourself under unnecessary pressure and this also might mean you have unrealistic expectations on turning a quick profit.

Starting at smaller stakes doesn’t mean you won’t make a profit either because as we saw with Racing Tipster X in Step 1, even at £10 stakes, you would be up £3198.00 over the past 12 months to his staking plan.

There are several other affordable tipsters with similar strong records both within our Tipster Hall of Fame and amongst the free tipsters we provide access to who offer similar ‘starter’ options.

Ensuring you can build your betting and tipster portfolio up gradually with the right foundations for long-term success.

Join The Tipster Experts

I do hope you enjoyed this article and it has helped give you some insight into the world of betting for profit using tipsters.

Here at SBC we are the tipster experts, helping to identify the best tipsters for our members to follow to help generate a long-term, sustainable profit from betting. This is based on our 100% independent membership model that enables us to work on a punter-first basis.

First established in 2006, we have helped hundreds, if not thousands of punters make their betting a success. You can read some real-life examples here.

If you are interested in following in their footsteps, I invite you to consider a Smart Betting Club membership, which is currently available from as little as just £2.15 per week.

All of which comes with an iron-clad money back guarantee – enabling you to join with the full confidence you have everything to gain and nothing to lose!

Subscribe NOW to the Smart Betting Club

Best Regards,

Peter Ling
Smart Betting Club Editor

If you have any questions on this article or a Smart Betting Club membership in general, you can contact me directly via pete@smartbettingclub.com. I respond to all emails as quickly as I can!

Interview With The Punter Making Five-Figure Profits With Tipsters
For even more inspiration and advice on how to make a profit using tipsters, then be sure to read this interview with SBC member on how he runs a successful tipster portfolio – one that now makes him a five figure profit each year. You can read all about Dave’s approach in this revealing interview now available on the Smart Betting Club Blog

More pro-punter advice: betting banks, setup guidance & the winning difference they can make

Posted on July 9, 2018 by

In my blog post last week, I spoke about the importance of patience, emotional detachment from your bets and a long-term vision and today I want to expand further on this with more professional punting advice.

In particular I want to talk about another term many punters run away from, namely that of ‘betting banks’

Whether you are backing your tips, running a system or following a tipster – a betting bank is absolutely imperative.

A good betting bank will allow you to keep track of your performance, stake sensibly, avoid going broke and ultimately to maximise your profits . As the example I share later on where a simple £10 stake has made £1334.08 over the past 12 months will testify…

Experience tells me that many punters avoid betting banks either through ignorance or through a lack of understand as to how they work.

Yet, I am here to tell you that betting banks are very simple indeed and to show you how they work…

A different betting bank for each tipster

First off, I always recommend you have a separate betting bank for each tipster you follow.

This is because each tipster has a different staking plan, different strike-rate and requires its own individual approach.

For example – if you had a tipster with a 10% strike-rate, a 50 point betting bank would be far too small. As this excellent don’t go broke table outlines, at a 10% strike-rate, you would have a 25% chance of hitting 51 losers on the bounce over a sequence of 600 to 650 bets. 51 losers on the bounce would break a 50 point betting bank.

Yet if you had a tipster with a 30% strike-rate, there is a less than 1% chance of a losing run 28 tips strong over the same period. So, at very worst, you might only lose 28 points of your 50 point betting bank. Not ideal but covered by your betting bank.

Real-life example

To explain more, allow me to outline how the betting bank works for the tipster I focused on last week from the latest SBC Tipster Profit Report, which has made a ROI of 49.2% over the past 12 months.

We recommend a 100 points betting bank for this service based on our extensive modelling on the profile of bets they supply.

To briefly outline why it’s 100 points – we took into account their biggest drawdown since conception in 2009 and viewed what might have happened in the absolute worst context. That is if you joined on the exact day the worst run started.

The chart below outlines these worst runs over time, which as you can see has peaked at around 46 points, whilst also has broken the 40 point loss barrier on 3 other occasions over the years.

As we know this service has a strike-rate of 16%, using the don’t go broke table again, we can also see there is a:

75% chance of 24 losers on the bounce every 600-650 bets
50% chance of 29 losers on the bounce every 600-650 bets
25% chance of 34 losers on the bounce every 600-650 bets
Less than 1% chance of 53 losers on the bounce every 600-650 bets

This data certainly seems to ring true with several runs dropping between 20 and 30 points on top of a few in excess of 40 points. We haven’t yet hit the 53 point drawdown yet, although that always remains a statistical possibility and we would be foolish to ignore it.

Adding in extra cushion should the worst happen!

Despite the fact the worst runs seem to be peaking out at 46 points historically and 53 points theoretically, our approach here at SBC is to add in extra cushion to your betting bank beyond this to cater for the worst case scenario.

The reality is that if you had just a 60 point betting bank, most punters would have given up once they lost half or more of it during a bad run.

On paper you might think you could stand such a run but experience tells us quite the opposite rings true.

I see it all the time unfortunately – punters giving up the ghost on a good tipster or method simply because they had an inadequate betting bank.

All of which is why our policy here at SBC is to add in extra cushion and to recommend a 100 points betting bank for this service.

Yes – you might not ever need the full 100 points (let’s hope not) but when the runs of 30 or 40 points happen – as they always will – then you are covered.

The power of betting banks

The other major advantage of a betting bank is that it is very easy to see how much money you could make following a tipster using them.

Taking our example tipster, for whom we recommend a 100 point bank – with a starting pot of £1000 and staking £10 per bet, you would have made a £1,334.88 profit after the tipsters cost has been deducted.

At £5000 this grows even further to £7,493.28 profit after tipster costs. All over the past 12 months.

See what I mean here…

And because this is a tipster that has a fantastic track record historically, you could have made even more dating back 7 years with him.

That £1000 starting pot would have made £4,103.16 after fees and £5000 will have returned a £26,247.96 profit.

Not bad for a simple 1 bet a day strategy and even one that has had losing runs as big as 45 points during this 7 year period.

Betting Bank Advice Across Every Tipster

For each tipster we review and recommend here at SBC, we provide betting bank suggestions for you to use.

This helps to provide you with peace of mind that we have analysed their historical and theoretical data in depth and put together an optimised betting bank that will cover all bases.

And as our policy of ensuring you lose no more than around 50% of your bank during the absolute worst runs will attest – this is not a risky strategy either. Plenty of cushion has been factored in.

If you are after more help with your betting, you might like to consider a Smart Betting Club membership, which comes complete with a 90-day money back guarantee and is discounted by as much as £45 for 2018.

Subscribe NOW to the Smart Betting Club

See you on the inside

Best Regards,

Peter Ling
Smart Betting Club Editor

SBC Guide: How To Improve Your Profits With Betting Banks

Posted on October 27, 2017 by Peter Ling

One of the simplest, yet most important things you can do when following a tipster, system or even your own betting – is to setup the right betting bank.

And whilst betting banks might not be the ‘sexiest’ topic in the world, getting them setup right can make a massive difference to your betting bottom-line.

In today’s email I am going to show you just how using the real-life example of the SBC Hall of Fame tipster that turned £2000 into £6,278.80 (after fees) using a betting bank.

(Best of all – even with a £500 betting bank, you will have made a profit of over £1200 in the past 12 months, so you don’t need large sums to get going!)

Betting banks are also hugely important as I have seen too many people lose money they shouldn’t have, simply because they didn’t set one up.

And the daft thing is – they are so easy to understand and implement, that once you start working to a simple betting bank, you won’t look back! It will become your default thing to do whenever you follow a new tipster, system or method.

After all anything that can help minimise losers and enhance winners has to be a good thing right?

What Are Betting Banks?

Firstly then, a short guide to what betting banks are and how they work from the point of view of following a tipster service (like the many we recommend here at SBC).

Simply put, a betting bank is a set amount of money that you put aside for each tipster that you follow so as to make you the most effective return. I.e. the biggest bang for your buck!

For each tipster that you follow, you should have a separate and designated betting bank.

A good betting bank will:

Protect you from losses caused by inevitable losing runs.
Stop you from going bust!
Keep your staking nice and consistent.
Help to maximize effectively how much profit you make during the good times.
Help you keep a track on how much you are making overall!

The good news is that setting up a betting bank is extremely simple and here at the Smart Betting Club we provide advice on doing just that for each tipster we review and report back upon.

But before I talk more on that, first here is how to set up a betting bank…

How To Setup A Betting Bank

Betting Banks can be split up into two distinct types as follows:

1. Points Betting Bank (PBB)
2. Financial Betting Bank (PBB)

1. Points Betting Bank

Most tipsters will advise staking in terms of ‘points’. This generally varies from 1 point up to 10 points.

A Points Betting Bank will then tell you how much to stake in real £ (or euros, dollars – whatever your chosen currency) on each tip.

E.g. If you have £1000 and follow a tipster using a 50-point betting bank, 1 point would equal £20. More on how to make this calculation later.

Points Betting Bank: Rule of thumb

For each tipster we monitor here at SBC, we calculate the optimal amount of points you need to assign into a betting bank.

This protects you from losing runs, enhances winning runs, and keeps staking consistent over time.

Each tipster stakes differently so this Points Betting Bank (PBB) is optimised for each individual service. This allows you to stake efficiently with the confidence that your Financial Betting Bank will not go bust.

The PBB for each tipster should at the very least take into account the historical worst losing run for that service. A general rule of thumb is to double the previous longest losing run, so that should such a poor run happen again in the future, then no more than at worst 50% of any betting bank should be lost.

To generate the Smart Betting Club’s own betting bank recommendations, we actually use a special in-house ‘betting bank simulator’ which comes up with a highly tuned figure for optimal returns. So as a member, you know we have your bank and back covered!

2. Financial Betting Bank

Of course the amount of money you can actually make from following a tipster depends on the real-life Financial Betting Bank (FBB) you can apply to it.

This refers to the amount of money you set aside to follow a service, when considering the Points Betting Bank. This FBB amount is related to the PBB as we will go on to demonstrate in the example below.

This FBB amount should be an amount of money you feel comfortable risking in following a particular tipster.

This should be a lump sum of money you have available for investment and should be separate to funds needed for living expenses

“I have made around 20k per year extra”…

“I used to work as trader for Paddypower and Sportsbet so i have an obvious interest in betting. [Using Tipsters] I have made around 20k per year extra.”
As written by Justin – An SBC member since December 2013

Click here to read more from Justin on his SBC membership experience

Real Betting Bank Example – Top Racing Tips

To show how the PBB and FBB come together, let me use a real life example as taken from a recent Tipster Profit Report.

This example tipster is very profitable indeed, although as its identify is reserved for SBC members only, for the purposes of this email, l will call them ‘Top Racing Tips’.

Our points betting bank recommendation for Top Racing Tips is 100 points.

This figure takes into account historical losing runs, and the current method of staking that Top Racing Tips investments utilises.

If following Top Racing Tips over the past 12 months this service would have made you 336.44 points profit to their advised staking.

Let’s say we decide to follow Top Racing Tips with a FBB of £2,000 in real money.

We then divide the FBB by the PBB to get our staking per point.
2000/100 = £20. Therefore £20 is our stake per point.
As this tipster made 336.44 points over the past year, we multiply that by your stake of £20 over the past year.

That brings an actual real world profit of £6,728.80

This particular tipster charges £135 per quarter or £450 for annual membership so even if deducting a full year’s subscription, you still would end up nicely in profit.

After fees, a £2000 betting bank over these 12 months would have made you a clear profit of £6,278.80

Profit Figures To Smaller Banks

Of course, you don’t need £2000 to follow this tipster.

You can make a tremendous profit with much lower financial betting banks as follows:

£500 bank = £5 per point. Annual profit of £1682.20 (before tipster subscription fees – we recommend the £450 lifetime membership option)
£750 bank = £7.50 per point. Annual profit of £2,523.00 (before tipster fees)
£1500 bank = £15 per point. Annual profit of ££5,046.60 (before tipster fees)

All of which just goes to show you don’t need to break the bank to get started betting for profit.

After all, there is absolutely no harm in starting small with your betting and developing it as a platform for long-term success.

You should never feel pressurised to instantly start making thousands of pounds in your first few months. Instead, simply allow the returns to gradually evolve over time.

Many of the tipsters we recommend have been making their members money for several years, so there is no rush to make large sums quickly.

More In The Pro Gambler Blueprint

If you are after professional guidance on the right betting banks to use – then the Smart Betting Club service can help you.

Firstly, for every tipster we rate, review and recommend we provide a tailored Points Betting Bank recommendation. So you know exactly what you need to get started.

We also provide more detailed advice on betting banks via the in-depth Pro Gambler Blueprint we supply to you as a new Smart Betting Club member, which provides everything you need to set up your betting properly.

This 100-page blueprint features advice and guidance from seasoned professional gamblers in seven easy to follow sections:

Part One: Solid Foundations – Avoid common newbie mistakes by getting your betting off on the right foot.
Part Two: Money Matters – Betting bankroll management and how to maximise your profits
Part Three: Mindset and What Makes A Winner– Key lessons on what really matters from betting pro’s
Part Four: What To Bet On – Football and Horse Racing absolute essentials
Part Five: Being Realistic – Tipsters or Systems? How to decide what suits you best
Part Six: You’re The Boss – How to develop your own betting niche and become your own expert
Part Seven: Bookie Bashing – How to keep under the bookmaker’s radar

Access to all of this and more is available the instant you join us at the Smart Betting Club.

Best of all, you can currently save up to £38 on the cost of subscription so don’t delay, sign-up right now and let us help you get started betting better right away!

<< JOIN THE Smart Betting Club TODAY >>

See you on the inside.

Peter Ling
SBC Editor

“90-DAY 100% SATISFACTION MONEY BACK GUARANTEE”……

“I believe so strongly in SBC’s ability to help your betting, you can subscribe with a 100% cast-iron 90-day money back guarantee”.
SBC Editor – Peter Ling Subscribe Now

Recent Posts

Archive

Categories

betting banks