Chief Tipster is a new horse racing tipster service which is being offered through the Tipster TV arm of the larger Betfan group. Selections come courtesy of a tipster referred to only as Neil.
What does the product offer?
Betfan love a big earning tipster service and Chief Tipster fits that description to a T. The headline says that Chief Tipster is “Leading the way to exceptional horse racing profits”. Of course this is a little bit of marketing spin and this is to be expected. What really made me pay attention with Chief Tipster however was what cam next. In less than 6 months, Neil’s selections made over 1,400 points of profit (I will look at this in much greater detail below).
These are some very substantial claims and the fact that Chief Tipster is being sold through Tipster TV means that this is all proofed, so there is little denying that these profits are genuine. In my experience though, looking at anything from Betfan often means looking at a much bigger picture than the results that they choose to report, especially when it comes to results used in the marketing.
I will get to all of this, but I want to spend some time looking at the service in broad strokes before I start looking at the details. As a service, Chief Tipster is a pretty typical affair. Neil sends out his selections to subscribers on a near daily basis via email as well as uploading them to a special member’s area of the Tipster TV website.
The bets themselves warrant a comprehensive look at in and of themselves. Betting with Chief Tipster involves betting on a massive variety odds, something that is in part down to the variety of bets that you place. Picking out a day at random, there are 4 single bets, an each way and two Yankees. There are also Doubles, Trixies and Patent bets, This is a big part of how Chief Tipster works and I will explore this relationship in a bit more detail below.
In terms of the staking plan, this is just as eclectic as the bets that you will be staking them on. Starting stakes for Chief Tipster are just 1 point however these go as high as 7 points spread out over some of the more exotic bet types. This presents a bit of a mixed bag when it comes to the results as a huge chunk of profit is down to these stakes. Furthermore, the high end of the stakes rarely result in huge losses because of how Chief Tipster works.
This only really leaves a strike rate of 21.31% to consider which honestly, I can only say that I think is a decent result. Looking back at other similar services, it certainly seems to be in the ball park. Because of the different type of bets that are included though, it makes it difficult to gauge how often the service should be winning.
How does the product work?
There is unfortunately very little information provided in terms of what the selection process for Chief Tipster entails. Neil says that he has been a serious horse racing fan for around 12 years. He also talks about proofing his bets with Tipster Planet (a service that Betfan operate which allows budding tipsters to proof their service), but there is nothing about where the selections actually come from.
What is clear to me however is that Chief Tipster is based predominantly around the idea that when there are big wins, they will massively boost profits. In fact, to quote Neil in the sales material “The exotic bets can bring jackpots several times a year but the main goal is simply making a profit most months of the year”. This is a strategy that I have seen from various tipsters before now with very mixed results.
What is the initial investment?
Tipster TV often expect a premium price for their products and Chief Tipster is no different. There are two options available if you want to receive Neil’s selections which are a monthly and quarterly subscription. Your monthly subscription actually ticks over every 28 days which means that you will pay this fee 13 times a year and comes in at £48. The quarterly subscription runs for 90 days and will cost you the comparatively better value £96.
As is the case with all products from the Betfan group, there is no money back guarantee in place. The team say that they will review any requests for refunds however these are not typically offered.
What is the rate of return?
The big selling point with any service is ultimately how much profit it has made. In the case of Chief Tipster, this is a phenomenal sounding 1415 points of profit at the time of writing. Furthermore, this also represents an ROI of 44.75% which also looks exceptional. Looks can of course be deceiving and so I want to look at the bigger picture with Chief Tipster. 1025.75 points of profit for the service came in from a single Yankee bet.
I want to start by addressing the elephant in the room with Chief Tipster and that is what I am going to refer to as the dispersion of points, by which of course I mean the 1000 point Yankee. I also have to say that I entirely believe that Betfan have launched Chief Tipster when they have in order to take advantage of the results that have been produced. There is of course nothing wrong with this, in no small part because the service has generated these results.
The issue that I find it raises is that this kind of win can clearly be viewed as an anomalous, and yet that is the point of Chief Tipster. Whether or not this kind of approach will work for you is a personal question. There is no denying that simply in getting this kind of big win, Neil has achieved something impressive. As a subscriber however, it could be many months before you see this kind of win again. With this out of the way, the even without the profits are pretty reasonable.
The nature of Chief Tipster does come with some problems however. First and foremost is that there are some rather high volume betting days. Combined with the staking plan that is in place and one of the busier days in the last few months involved staking 46 points. It is pretty apparent to me that this can rack up quickly and starting out on the wrong day can put a massive hole in your betting bank. Once again though, this becomes part of the risk/reward balance that exists with products like Chief Tipster.
There is also the question of value for money which should raised and honestly, this is a little less obvious in terms of the answer. Ignoring everything and taking Chief Tipster purely at face value i.e. the profit versus investment, there is no question that this represents fantastic value. Taking a slightly longer term viewpoint, I find that Chief Tipster becomes (at least in my opinion) a tad too expensive.
The fact of the matter is this, Chief Tipster can be hugely profitable, this has been demonstrated clearly. It can also be pricey. What this means is that if you really want to make this service work for you, you will need patience and discipline (and frankly, deep pockets probably won’t go amiss either). If you can keep this approach to betting with Chief Tipster and you can afford to sink money into an investment until it eventually pays out, then I think this service will probably suit you well.
Reality however is often far removed from this. Under ideal circumstances, you can make anything work. Chief Tipster however just isn’t something that I would recommend to the average punter. Yes, it is easy in retrospect with services like Chief Tipster to say “but if I’d have followed it on that one week”, but applying the same logic thousands of people every week are just a few numbers off winning the lottery.
With all of this in mind, I am just not keen on Neil’s service. I think that Tipster TV have capitalised on a big win to drive new subscribers. I don’t think that this is a bad service however, there is definitely some merit, I just don’t believe that being realistic about the rewards that it is a necessarily viable service long term.