18 June 2018
The Tipster Street operation has been around for a long time now and operates professionally with open results reporting and good customer service. They cover most sports with horse racing being the prime sector and here we have a lay betting service which is email based and aims to offer an average of 2 bets daily. The website offers historic performance metrics but no insight into the approach taken or the credentials of the author.
Selections are advised by email (or can be found in a members area of the site) and usually are available mid morning on the day of racing. A betting bank of 100 points is advised and all selections are intended to be placed at BSP with level stakes of 1 point. No odds restrictions are suggested. An advice is given if there are no selections on any specific day and when there are merely the course time and horse name are shown. No analysis of selections is offered and historically the average price has been around 4.0.
As with other lay betting services a reminder that the BWR proofing only takes into account BSP prices even though the other options are still shown. With this service not a problem of course!
Our review has now spanned 6 months and there have been 365 runners in that time with 286 successful at a strike rate of 78.4% which is much in line with the historic results. The average odds are somewhat higher than advertised at 5.75 with losing bets slightly higher at 6.14. Prices up to 39.78 BSP have been seen which might be a little too high for many. The best successful sequence is 14 bets with a losing run of 3 experienced.
All this activity has resulted in a profit of just 8.66 points and were it not for the recent upturn seen (15 points since mid May) the bank would not be in profit. As may be seen from the overall performance chart the experience has been rather like a ride at Alton Towers with no really consistent spells to instil confidence in the subscriber. The ROI at 0.5% is not a recommendation and many of the recovery staking plans that might be considered are showing the risk would not be justified.
With a modest month 1 subscription it is possible to check out the service with minimal outlay. The ongoing subscriptions are at the low end of the market and have little impact on the decision to accept the service. With lay betting the main consideration is confidence as potentially losing more than your stake is never a positive experience. Here we have seen a mixed picture – the initial losses likely to mean a cautious attitude to taking the service. If you started in May, however, you might wonder what the problem is!
At this stage I think a neutral rating is appropriate and should the recent upturn continue a revised rating will be considered.