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!
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 firstname.lastname@example.org. 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