Be wary of rogue tipsters
In todays’ sports betting world, the role of tipster is becoming more and more prevalent; and like it or not, it appears they are here to stay. The internet is littered with literally thousands of tipsters – across social media platforms and websites alike – most of whom claim to offer the best service around.
Although following the efforts of a tipster can be both time saving and financially rewarding, punters should approach these ventures with plenty of caution. This is because, amongst the array of tipping services available, there are a huge number of rogue services set up with the sole intention of ripping people off.
The key to spotting a dodgy tipster is to remain vigilant and simply become educated on how they operate. There are several ways in which a tipster or tipping service can prove themselves to be untrustworthy. It is important to learn about these.
Below is a list of both the fraudulent practices used by rogues and what punters can do in order to minimise the risk of falling victim to these services.
Claiming to have ‘inside information’
This old chestnut is quite possibly the oldest trick in the book when it comes to fraudulent tipsters. There will be tipsters and services who will claim to have access to inside knowledge. These tipsters are almost always tipping on horse racing, where the draw they tend to use in order to lure in the punters is usually something along the lines of knowing when a particular horse is guaranteed to win. Unfortunately, in horse racing there is no such thing as a guaranteed winner.
Claiming to have inside knowledge is nothing more than a ploy to get people to stump up a fee for membership. Let’s face it, if someone really did have inside knowledge, or access to important information, information which is not readily available to the betting public, they are highly unlikely to share it. The fact of the matter is, tipsters who boast such claims should be avoided.
Selling other peoples tips
A common method used by the dodgiest of tipsters, is the selling of other peoples tips. These phony services will set up a website or twitter account, make plenty of appealing posts in order to lure people in before charging a subscription/membership fee for simply recycling someone else’s tips. Not only is this completely dishonest and unethical, the worst part is that these services are most likely recycling the tips that somebody else has posted for free!
In order to make themselves money, phony tipsters will simply find free tipsters who seem reliable and show a decent record before simply passing off the selections as their own in exchange for a fee. Other than completely deceiving people, these rogue tipsters also hamper the punters chances of getting the best prices available as there is likely to be a considerable delay between the free tipster posting the selections and the phony service sending them out.
Providing fraudulent results
There are plenty of tipsters out there who will alter the truth when it comes to the posting of their results. There are several different ways in which this is done; firstly, some might just been down-right deceitful and lie completely when it comes to results in order to lure people in. It can be hard to tell sometimes whether results are phony or not, and what a lot of rogue services tend to do is set up false accounts on social media in order to support their false claims. Again it is important to be cautious, check out review sites and try to find independent feedback before subscribing.
A more common type of results fraud is advising false prices. What a lot of services seem to be doing is posting their results in line with the ‘advised odds’ of each selection. Although on several occasions it may be true that when a winning selection was posted it was indeed available at a particular price; however, if the SP (starting price) of the winning selection was shorter it is somewhat unfair to post the result in accordance with the advised price, as it is unlikely that everyone following the tip would have been able to obtain such a price. For example if a selection is advised by the tipster at odds of 2/1, but, goes on to win at an SP of 5/4, the difference in profit is fairly sizeable and therefore for the benefit of all members/followers following the tip, the SP odds should be included in any results/P&L.
The honest tipsters out there will include both the advised price and the SP of a winning selection in their results. In doing this it is clear to members that there is no attempted deception taking place.
Gaining members under false pretences
In what is now very much the age of the ‘twitter tipster’ it is simply the norm to see posts from tipsters advertising hundreds sometimes even thousands of points profit, and while these claims often seem appealing at first, again it is important to take them with a pinch of salt and remember the old saying: “don’t judge a book by its cover”. In these instances what is often the case is that tipsters may well be rightly boasting 1000 points profit in say a three month period; however, what is not mentioned, and what is unknown to anyone who is currently not a member, is that such profit will have been made following the services varied staking plan. These services are often the ones who fail to mention that in order to accumulate a profit of 1000 points they have had to stake a figure as high as even 10,000 points.
It is also common for these tipsters to give advice such as 10 point win bets on short priced favourites. If thinking about this both logically and rationally, it’s neither reasonable nor fair to expect the average punter to stump up ten times more than their normal stake. Not only does advising stakes in this manner mean members are required to increase the level of financial risk, it can also lead to members falling under a false sense of security. Of course anyone betting on sports should be aware that anything can happen and things can easily go wrong, but, having said this, being advised a ten point win bet on a short priced selection is likely to instil a certain confidence. As a result of this, it only takes a few losses of this nature and members will no doubt become unhappy.
This isn’t to say that short priced favourites can’t represent good value, because of course they can; however, advising members to stake large amounts is unwise and quite honestly unfair. There are plenty of good services out there who advise all bets to level stakes of just one or two points.
Now we take a look at what punters can do to minimise the risk of being caught out by a rogue tipster.
Sound too good to be true?
That old saying of “if it sounds too good to be true, it probably is” certainly applies to tipsters. Although there are some great services out there, where the tipster or tipsters are able to boast a tidy looking set of results, generally speaking, if a set of results shown by a tipster look too good to be true, they usually are. Phony tipsters will often try to lure unsuspecting punters with claims such as “risk free profit”, or they will be boasting an overly impressive strike rate; e.g. backing services that are claiming a strike rate such a 70-80% are almost definitely altering the truth. Any service claiming a strike rate well in excess of 40% is likely to be fraudulent and should certainly be approached with caution.
Of course it can be a temptation that is hard to resist, when you see tipster boasting some tidy profit it is natural to want some of the action, but, at the same time you are wary of being ripped off. It is recommended that before using a service, you take some time and research the tipster in question. There are a number of reliable sites out there where tipster services have been both proofed and reviewed by independent reviewers. Before stumping up the fee for a tipster service, it is well worth checking them out to see what you’re dealing with.
Another way of doing this is to contact the seller. For example, you can send them a message (most tipsters provide a contact email, or alternatively most are active on social media platforms such as twitter) asking them a reasonably in-depth question. How long you are kept waiting for the reply is the first sign of reliability. For example, if a response arrives within a reasonable timeframe e.g. 24 hours, this is a good sign. Secondly, see how the tipster responds, do they seem like they have expert knowledge or does it appear as if they are just blagging it.
Stick to tipster services offering a guarantee
Legitimate tipsters who are committed to offering a professional service, more often than not, will offer their subscribers a money back guarantee. This usually involves offering the buyer a full refund on their subscription fee, if the tips provided during the guarantee period fail to show a profit. Although it can’t be said that all tipsters who don’t offer a money back guarantee are out to scam people, it is strongly recommended that you stick to those who do offer a guarantee. Not only does this give the buyer peace of mind financially, it is also more likely to instil confidence regarding both the tipsters’ professionalism and ability. After all, good tipsters will have no problem offering their buyers a money back guarantee because they will have faith in their ability to provide winning selections.
Trial a service before following its bets
Following on from the last point, once you’ve signed up to a service that offers a money back guarantee, during the guarantee period it is a good idea to simply monitor the selections of the tipster and keep a record of the results. By doing this you are checking out a service without having to risk anything financially; If the periods arrives at a loss, your subscription fee will be refunded, whereas is the tips provide a profit, you are likely to feel confident about starting to bet on them for real.