Back in April, I was lucky enough to be granted a detailed interview with one of our members, Billy McPherson about his significant betting success using tipsters. Today I am publishing the entire interview in full for you all to read.
The interview was given following the interest in Billy after his original shorter interview with me in February, where he outlined how he had made $1m dollars betting with tipsters in the past 5 years.
A quarter of these profits he attributed to Smart Betting Club rated and reviewed tipsters.
It also should make for fascinating reading for those of you unable to bet on horse racing because as Billy outlines, he doesn’t follow the sport. Instead he concentrates on sports such as Football, NFL, NBA, Golf & Tennis.
Alongside my own questions, several SBC members also put forward their own questions for Billy, which he answers throughout.
So here in full, is my interview with Billy on how he has made $1m dollars betting!
Inspired by Billy and keen to see how you can make money betting? Why not join us at SBC and see how we can help you! Instant membership available.
How I Make Money Betting / Billy McPherson
SBC: Hi Billy, thanks for agreeing to be interviewed. Firstly, can you tell me a little bit about yourself and where you are based?
Billy: I am 52 years old. In my previous life, I was an oil trader for a large and very well-known bank. I left the firm around 15 years ago as I wanted a life with lower stress levels, and became a trader working from home using my own capital.
How does being based abroad impact your betting and the tipsters you follow?
Being based outside the UK, there is obviously a smaller choice of bookmakers due to regulations, and it is full of unmonitored tipsters which creates a big challenge in trying to find reliable and credible tipsters.
How exactly did you get started following tipsters and how long has it taken to build up to your current staking/profit levels?
My full time profession is trading the stock market. I believe any investor should have a diversified portfolio, so I decided to create a sports investment portfolio over a decade ago, and allocated a 20% stake of my capital to this portfolio. At the beginning of each year, I reallocate my portfolio, and I place anywhere from 1% to 4% of my portfolio on my bets depending upon the sport and the tipster.
It’s a popular question and one posed by David and George to name just two SBC members. Can you reveal the names and identifies of the tipsters you follow?
The tipsters I follow that SBC track are Football Investor (Combo), AH Edge (Jon Roberts), Football Elite, and Football Value.
How about tipsters that we don’t track here at SBC? Are there any you recommend and are willing to name?
A few of the non-SBC tipsters I would recommend are Swingform (UK based golf service), MG Tennis Tipster (European based tennis service), and AFLTipstar an Aussie Rules Football service on Twitter which is currently a free service to follow. All three of these services have performed admirably for me and are a core of my portfolio.
You don’t follow any racing tipsters. Is that due to your location and the difficulties of betting on the sport or more a factor of the issues of bookmaker restrictions/closures on the sport?
I do not follow any horse racing tipsters, as due to where I am based, I know of only one bookmaker offering UK horse racing, and prices are settled on Tote payouts, so not of interest to me.
Which tipster(s) have made you the most money or the greatest Return on Investment or Return on Capital?
Out of the tipsters covered by SBC, Football Investor has made me the most money, and is my favourite service covered by you. Although now out of favour at SBC, and I can see the reasons why, Football Elite is still one of my best performing. I have been following Matt for almost 10 years, which has been very profitable even though the last few years have been lean. I only bet his 5 unit games, which continue to produce a good return.
Are you happy to share some of the performance standards achieved by the tipsters we don’t yet track here at SBC?
My best performing ROI service is the golf tipster Swingform I mentioned previously with a ROI of just under 15%, however with the nature of large priced winners, a very patient long term strategy must be applied.
My best performing overall tipster isn’t a tipster but a source in a Las Vegas sports book, whose acquaintance I made over 5 years ago, so I wish him to remain nameless for obvious reasons.
I am currently monitoring the Golf Monthly tipster, Tom Clarke who is now in his second season, and to date has an outstanding record, so this is one I will be considering adding next year.
Do you have any preference for the type of tipster you like to follow?
I will only follow a tipster that has a long track and verifiable record. I do not like tipsters that release bets within an hour of a game starting.
In your first interview, you described how you follow an extensive portfolio featuring 22 tipsters across several sports. Have you deliberately chosen as wide ranging a group of sports as possible to bet on or is it just a case of following any tipster that meets your requirements?
As a diversified investor, I believe this is important to any long-term success. Having all your eggs in one basket is never ideal, and as a stock market trader, asset allocation is important. This is the main reason for the wide range of sports I invest in.
Do you place every tip as it comes in? It not, what do you do if the odds move? Do you work to strict minimum value odds criteria?
Most of the tipsters I follow release picks while I am sleeping due so many times I am placing bets many hours or even the following day after release. Most markets are very liquid. With regards to odds movement, I have a strict criteria I follow with regards to placing bets. It is not uncommon though for odds to move in my favour too, especially when betting on totals.
How do you select the type of tipster you follow? Aside from using the SBC analysis of course on the tipsters we review!
SBC does all the hard work, and it is fairly easy to decide what tipsters to consider. I prefer low volume tipsters over a tipster that releases 10-20 selections a day. Of course, following many tipsters, mean I am a high volume trader, but the diversification is important to me. Following a tipster where odds move quickly after release is not my cup of tea, so I do not follow this type of tipster.
This is one reason I like the SBC football tipsters that I follow, as they release bets on Thursday or Friday and I like to wait until Saturday to place these bets are odds are normally better than when released, as the public loves to bet favourites and most of these selections are underdogs.
Another member, George, asked how do you identify and choose those tipsters that are not yet covered/reviewed by us here at SBC?
This used to be very much a trial and error process. With no regulation, there are many services with records that cannot be substantiated. This has changed in the past few years, where many tipsters release their plays once game starts so in effect you can follow and paper trade these tipsters to see how successful these tipsters really are. Whilst this can be time consuming, it is possible to identify successful tipsters.
How often do you review your tipster portfolio and add in new services?
I review my portfolio annually, and may consider a new service. For example, this year I have added one new service.
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On a practical level, how do you juggle following so many tipsters?
I dedicate 2 hours per day to my sports investment portfolio. This amount of time allows me opportunity to access the bets, check for best available odds, and place bets, and log them into my spreadsheet to enable easy analysis of sports, and tipsters themselves.
Do you ever take holidays or breaks from following tips? If so, do you switch off entirely or continue to bet when ‘away’?
I take holidays each year. Trading and sports betting in Summer months is much quieter, so our summer holiday will be time taken out of trading or sports betting. It is important to take time off, and relax and spend time with your loved ones. Betting should be investing and not an addiction.
How do you deal with bad runs and losing form? At such high stakes, do you find it adds more pressure?
I follow a strict money management system, never chase losses, and appreciate that there will be losing runs. I do not get stressed, and know that this is inevitable and wait and am patient as I know the tide will turn.
What’s the biggest loss you have experienced, what happened and how did you deal with it?
Earlier this year, I lost nearly $30,000 in a week. Was just a week where Lady Luck was not on my side. By following a strict money management practice, whether you have a bank of $1,000 or $100,000 is immaterial, adhere to your rules and never chase losses.
Do you watch games/races/matches of the bets you place? If so, how do you deal with the ’emotion of betting’?
Not very often. I will watch my favourite teams play.
Do you keep records of your bets? If so, how detailed are they?
Yes. This is a must. I have a detailed spreadsheet which tracks all bets, sports, tipsters, and type of bets. This is essential for analysing the entire portfolio.
You previously revealed that you look for at least a 5% ROI from any tipster and make ‘adjustments to the selections they provide to meet my own criteria’. Can you explain more as to how this works?
Let’s say a tipster releases a bet on a NBA game where it is to bet the Over 200. If the line moves to Over 202 it will be a non-bet for me. If the total line moves by more than 1.5 points it is no longer a bet. However sometimes, the line moves by 3-4 points in my favour. In this instance, I will increase my bet size from 2% to 3% for example as the value has increased.
You turnover more than $5m a year betting – what is an average stake for you?
My average stake will be between $500 and $1500 depending upon the sport. Golf ante-post bets are much smaller ranging from $25 to a maximum of $500.
Do you set aside individual betting banks for each tipster or do you follow from one bank?
No, I follow from one bank.
Michael asked about your staking plan and how/when you make staking adjustments?
I stake from 1% to 4% of portfolio per bet depending on sport and odds. I never change staking plan during a season.
Tom asked 2 questions, firstly about which bookmakers you use to place your bets? Are there certain firms you use more than others?
I use 10 different bookmakers, but the majority of bets are placed at 5Dimes, Heritage Sports, Betonline and Bookmaker.
Tom also wondered if you had suffered account restrictions and if so, how have you managed this or prevented it from happening?
No, this has never been a problem. Many of my bookmaker accounts accept bets of more than $10,000 and up to $50,000 on a NFL game, so my bets are quite small in comparison.
Given your stake sizes, do you split your bets up amongst several different bookmakers?
Finally, George asked what advice you had for novices keen to repeat your success?
As I have already said, follow strict money management, and never chase losses.
Be Like Billy And Win With Tipsters
So there you have it – the full interview with Billy on just how he made $1million betting over the past 5 years through tipsters. My thanks go to him for answering all these questions so honestly!
Billy’s experience showcases what can be made with tipsters – especially when choosing the right ones…even if like him you are unable to bet on sports like Horse Racing.
With the right information on the best tipsters to follow and an understanding of the fundamentals of betting properly (staking plans, betting banks, mindset etc..) anyone can make a profit betting, regardless of experience or expertise.
If you want to try and emulate Billy, why not consider a Smart Betting Club membership, where we have over 20 recommended ‘Hall of Fame’ tipsters for you to choose from (several of whom Billy admits to following)
You can get started right away and best of all, you can save up to £38 on our best-selling Platinum ‘Pro-Punter’ membership package currently.
See you on the inside.
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