The 10K Project is a horse racing tipster service which is operated by Joe Brown. He claims that he will help subscribers to turn a £100 betting bank into £10,000.
What does The 10K Project offer?
Products like The 10K Project are not unfamiliar to me and I have rather unfortunately seen more than my fair share in my time doing this. They all follow the same template which promises to take a small amount of initial investment capital and turn it into a large sum by the end.
This is the template that Joe Brown has followed to the letter, although if there is one thing that I can say about The 10K Project that is positive, it is that at least it doesn’t involve encouraging people to bet in the run up to Christmas (a product that followed the same structure as The 10K Project did just this and a lot of people lost a lot of money following bad advice). Of course, it stands to reason that eventually there will be a genuine offering, so is this it?
First things first, what exactly do you get with The 10K Project? As a tipster service I find that the whole thing is disappointingly basic. You will receive tips on a near daily basis and these are sent directly to subscribers email address. All that you have to do is place the bets and apparently sit back and collect the cash.
This all sounds well and good however I believe that it is important to note a few things. The first is that whilst Joe Brown provides you enough information to place a bet successfully, there is a lot that I would consider to be missing. Especially if you put The 10K Project next to a reputable tipster. The second thing to noteworthy point is that there seems to be little rhyme or reason to the odds that you are betting at and the volume as well.
What is The 10K Project?
Here is the claim on the website:
A product like The 10K Project could not work without a staking plan and so it comes as no surprise to me that Joe Brown has one in place. Essentially, you start with your betting bank of £100 and £1 stakes and bet these until you have increased the size of your bank by a certain amount. Once this is reached, the stakes go up and you repeat the process.
Rather interestingly, Joe Brown claims that his last cycle ended on the 21st of April and that he was staking just £5 per bet at this time. This is rather contrary to how the staking plan is discussed.
All of this brings me to the strike rate and it is both disappointing and not at all surprising that there is no information provided. Joe Brown boasts of a 100% success rate for The 10K Project however this appears to pertain to a much broader picture. There is also no proofing provided for previous runs where The 10K Project has supposedly done its job. This is all rather concerning to me.
How does The 10K Project work?
The core premise of The 10K Project is very straight forward and I will not waste mine or your time talking about Joe Brown’s fundamental principles again. What I will point out however is that there is a very disappointing lack of information provided in terms of the selection process.
Given that there is a firm implication that you will be backing longer odds and winning bets consistently, I would expect some insight here. I don’t ever expect a tipster to give away their system for free, but where extraordinary claims are made, I do feel that consumers have a right to make an informed purchase. Especially when you consider how the marketing for a lot of online tipsters essentially allows you to say anything with no need to back claims up.
What is the initial investment?
There is only one option if you wish to sign up for The 10K Project and that is to pay a one time cost for the whole year. Joe Brown has priced access to his service at £49 which is supposedly a significant reduction on the “real” value of £99. I can’t help but feel like this latter number is there to make The 10K Project seem more enticing however and as such, I am wary of it.
What is important to note, even if it is not mentioned, is that there is a full 60 day money back guarantee in place. This is because The 10K Project is sold through the Clickbank platform. On top of this, I feel that I should mention that Joe Brown says that if you haven’t made £10,000 in 12 months you can receive selections for the next cycle for free.
What is the rate of return?
How much you can earn from The 10K Project is right there in the title. I have also talked about it numerous times throughout this article. Starting with a £100 bank, you can supposedly expect to have made £10,000 within a 12 month period. It goes without saying that the suggestion that this also opens up to me is that this figure is scalable. Personally though, I am not convinced in the slightest that you will achieve close to the quoted results.
Conclusion on The 10K Project?
I have mentioned already that I have seen products in a similar vein to The 10K Project and if I am blunt, I am not generally a fan, not least of which is because I am yet to see one of them work. Whilst this is far from surprising to me, I can accept that the pitches are very appealing and for want of a lack of a better word, seem almost sensible. Especially when you have Joe Brown saying that he has done this 3 times before.
It is only really when you start to scrutinise numbers that I think it becomes apparent how questionable this kind of claim is.
Looking at the supposedly most successful run which showed The 10K Project making £10,000 from £100 in 6 months, you would have to more than double your betting bank every month (by my calculation it would take 7 months and you would have made about £10,500).
Knowing the betting industry like I do, I think that anybody would realistically struggle to make 100 points of profit month in month out (this number is based off a statement that you start out with £100 in the bank and £1 bets). If you look at the evidence supplied where Joe Brown shows the last few bets that took The 10K Project over £10,000 last time, he was only using £5 stakes which makes it even less likely to be genuine.
Combine this with no proofing for the last 6 times and a general lack of anything that I would consider to be tangible and The 10K Project sits in a very questionable spot. The thing is, I would love to find a service that makes the claims The 10K Project does and see it succeed.
I also wouldn’t hesitate to throw down my money with them, but the fact of the matter is this. I don’t believe that The 10K Project will work and I see it as nothing more than a cynical cash grab by a questionable marketer. With this in mind, it is no surprise that I can’t really see The 10K Project as being a worthwhile investment.