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Best Bets for Profit Review

Best Bets for Profit is a horse racing tipster service operated by Dean Harris. It aims to provide the best possible horse racing selections for the day across a variety of different betting disciplines.

What does the product offer?

There is actually rather a lot on offer with Best Bets for Profit, especially if you take the entirety of Dean Harris’s website into consideration. I won’t however be doing this and will mostly be focusing on the various tipster services that are in operation. These are all provided under the Best Bets for Profit brand, however there are some very different types of bets, each of which can almost be looked at as a system in their own rights (something that Dean Harris clearly subscribes to, choosing to split his results by bet type).

First of all however, I feel that it is only fair to look at Best Bets for Profit as a service logistically. Unlike a lot of tipsters that feel that the weekend is where betting is best, Dean Harris instead aims to provide selections consistently though the week (Monday to Friday) saying that Saturdays are too competitive and that Sunday is a rest day.

In terms of the bets that Best Bets for Profit covers, there is a combination of both back to win and lay bets as well. All bets are either straight win bets, place bets, lay bets, or place lay bets. This all may sound complicated to those who aren’t in the know, but so long as you have an account with a betting exchange (with Betfair recommended as always), then you will be OK.

In terms of the numbers, Dean Harris favours a rather straight forward approach of betting 0.5% of the betting bank across all bet types. This helps to limit your risk, especially when it comes to lay betting selections. Despite this, there remains a seemingly decent amount of room to generate a profit. In terms of the proofing, this is all based on level £10 bets.

If there is one area that is worth singling out for criticism it is the volume of bets. Since the proofing began for Best Bets for Profit, Dean Harris has averaged around 10 bets per day. This is a number that can very swiftly start to add up.

Moving on to the strike rate, each aspect of Best Bets for Profit has performed differently with certain trends that you would expect adhered to (namely that lay bets win more often than back bets. Broken down, each aspect of Best Bets for Profit has achieved the following strike rates (according to the published results on Dean Harris’s website):

  • Place Laying – 71.43%
  • Laying – 86.445
  • Place Backing – 75.89%
  • Backing – 45.19%

How does the product work?

Unfortunately, there is very little information provided on what the selections process for Best Bets for Profit entails. Dean Harris does say that he starts out with a shortlist of runners for each race, and that these are whittled down using his “database”. This isn’t enough information for my liking however and I would have liked to have seen more than the very bare minimum. Especially since Best Bets for Profit concerns itself with so many different betting disciplines on a day to day basis.

What is the initial investment?

There are just two payments made available for Best Bets for Profit, both of which come with very low cost trials. The first option is a monthly subscription to the service which costs £59.95 per month (including VAT). You can get your first 30 days of Best Bets for Profit for just £1 however. Alternatively, you can sign up for an annual subscription at a cost of £599.50 (including VAT) which costs just £1.50 for the first 30 days.

Payment for both subscriptions to Best Bets for Profit is handled directly via Paypal. This means that whilst there is a supposedly a full 60 day money back guarantee in place you will have to deal with the vendor directly in order to claim this.

What is the rate of return?

It is interesting to me that despite full proofing being supplied (at least in terms of the number of bets placed), not all of the data for Best Bets for Profit demonstrates how much profit has been made. This isn’t the be all and end all however and there is enough information provided to give an idea. For example, Dean Harris claims that had you followed just his lay bets for Best Bets for Profit, you would have made over £11,000 in 2016 to £10 stakes. Backing selections would have also produced a similar reDean Harrissult.

Had you been using all four selection types as well as the recommended percentile based staking plan, this number would supposedly be even higher although there isn’t enough data to suggest how much.

Conclusion

So far Best Bets for Profit has seemingly performed well and that may or may not be enough for you. Personally, I have a little bit of conflict in terms of Best Bets for Profit for a number of reasons. First and foremost, I have to profess to not being a fan of way that Dean Harris provides no information on what the selection process entails. I always say that no tipster should be expected to give away his system, however potential purchasers should be able to make an informed purchase.

Possibly my biggest concern however lies in the fact that the proofing hasn’t updated for 2017 yet. Any tipster that is doing well you would expect, would want the whole world to know that they are delivering. As such, I always find it somewhat worrying when results are for the last year with no update since.

There is however some evidence to suggest that Dean Harris is taking Best Bets for Profit very seriously however. He has very recently registered a limited company which isn’t something that a lot of people would do lightly. There is also the clear amount of work which has gone into the website and branding for Best Bets for Profit, none of which will have come cheap.

With everything in mind, I feel like Best Bets for Profit is a very genuine attempt and whilst there are clearly some issues ongoing, there is potential. As it stands right now, Best Bets for Profit is not cheap and I would personally give it time for Dean Harris to iron out these problems. I certainly wouldn’t be happy paying £60 per month for a service that is essentially in a form of transition, however I wouldn’t want to dismiss it out of hand either.

 

 

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From: Simon Roberts