The Betting Tipsters Industry - Lifting the Lid on Those In the KnowJake Cooper | 11 Aug 2017
Taking advantage of betting tips can give your wagering the edge, and boost your chances of success. Tipsters are thus an important part of the betting world and how they came about, how the industry has changed, the advantages and disadvantages and, very importantly, the fraud that has been committed, make for fascinating reading.
Industry Background and Basics
Tipsters do not have a crystal ball with which to see into the future. They rely on their own brainpower and sometimes build special programmes to increase their chances of success, but even the most successful only get things right about 58% of the time.
If you’re prepared to put in the time and think of betting as you would think of trading on the stock market, tipsters will stand you in good stead. This has been true ever since tipping began, when tips were bartered or traded for. Indeed, since gambling and putting money on events has been around, tipsters have been too.
These days, tipsters almost always take money for their predictions – whether from the people who sign up from their service on a tip-by-tip, package-of-tips or commission basis, or from newspapers or sites who pay for the right to publish their expert opinions. In the case of publications, the newspapers or websites look at what they earn in terms of readership or advertising revenue in relation to the traffic generated by the tipsters’ predictions.
How the Industry has Evolved
Like every other industry, technology has had a huge impact on sports betting and tipster bets. It’s a lot easier to gain access to events around the world, and to do your own research and check a tipster’s track record in terms of accuracy and trustworthiness. This all means that tipsters can’t really pull the wool over the eyes of anyone who is paying attention, and that they really need to perform well to stay the tipster of choice for regular punters.
Twitter and email have also made it possible to make predictions a lot closer to the actual event; it’s a totally different situation to relying on weekly newspapers for an event that is only happening in a few days’ time. If a tipster lives in a state where betting is not permitted, they can also operate quite easily via covert emails. The love of betting remains constant, but the speed at which we acquire tips and the manner in which we do it is changing.
The Most Common Betting Tips
- Who the overall winner of a match will be
- How much the victors will win by
- Typical advice is to manage your bankroll carefully and review why your bets won or lost
- Many tipsters will also make recommendations on the kind of bets you should place
Advantages and Disadvantages to Betting Tips
- Reputable tipsters will often remunerate you when you use their tips and they are not successful
- You get to develop your understanding of a sport and how to bet on it over time
- You have to pay for the information you get
- Many people have fallen victim to tipster fraud
Fraud in the Betting Tips Industry
These days a new breed of respectable tipster is changing the face of the industry, but you do still need to be careful.
Recently Adam Meyer, self-proclaimed tipster to the stars, was sentenced to 8 years in prison for fraud and other charges. He sold inaccurate tips, managed client money that he said he had no access to, and told bald-faced lies in order to access more funds. And this case is really the tip of the iceberg.
Posing as a friendly tipster on Twitter, giving advice for free but always recommending certain bookmakers often conceals a mercenary individual. Whether you win or lose, if you click through and sign up with the bookie the supposed tipster will get a cut.
All fraudulent tipster behaviour is deplorable, but the only real action that you can take is to be very careful; check tipsters out as thoroughly as possible before placing any bets, and start with small amounts until they have proven themselves.