3 Minute Bets is a new to market horse racing tipster service with selections coming courtesy of tipster Chris Bishop. Supposedly, there has been some substantial profits..
Introduction to 3 Minute Bets
When I see a sales video on a tipster website I always find myself sighing a little. Sure, they have some benefits, but there is nothing more frustrating than having to watch the same video over and over because a little detail is lost in a big speech. 3 Minute Bets has such a video and more frustratingly, you have to watch the whole thing through if you miss something.
I have watched Chris Bishop’s sales pitch a number of times before writing this. As such, I have become well acquainted with the claims that are made in terms of the claimed profitability and if 3 Minute Bets can deliver, then Chris Bishop is genuinely offering one of the most profitable tipster services on the market.
Unfortunately, I am not sold on this idea. With this in mind, let’s see whether or not we can really expect the huge ROI’s that are claimed.
What Does 3 Minute Bets Offer?
So, what do you actually get if you subscribe to 3 Minute Bets? Honestly, this is a pretty typical example of what you can expect from a modern tipster service. The logistics of what, Chris Bishop actually offers are the ever familiar daily selections.
These are naturally sent out via email, with selections landing directly with subscribers either the evening before any racing starts, or before 11am GMT. This is naturally very confusing and doesn’t exactly set a professional tone for 3 Minute Bets. This kind of thing is pretty basic information however this sort of confusion and contradiction is something that appears quite frequently.
In terms of the bets that you will be placing, 3 Minute Bets is predominantly concerned with win and each way bets, however the “testimonials” for the service make numerous references to placing bets as trebles.
I think that it is noteworthy that, we are told by Chris Bishop that you can simply place the bets with any high street or online bookie. Inherently, this doesn’t necessarily seem like a problem, however as far as I am concerned it raises questions about just how professional Chris Bishop and the 3 Minute Bets team actually are.
Realistically, Oddschecker will serve you well here. In terms of the volume of bets, there are typically just 3 bets on a given day with odds that range from 3/1 to 33/1 in the video, or 3/1 to 20/1 in the sales material.
One of the things that stands out as disappointing in terms of 3 Minute Bets is the lack of a staking plan. In and of itself, this isn’t necessarily a huge problem but like a lot of tipster services on this nature, all of Chris Bishop’s profit and loss claims are based around pounds and pence. This is particularly problematic as the results for 3 Minute Bets end up lacking context and are therefore meaningless to some degree.
One thing that we are told about is the strike rate for 3 Minute Bets. Chris Bishop claims that this is a “High Winning Percentage” of “Over 37%”.
This seems like a reasonable enough number at a glance, however I would say that given the range of odds, this is particularly high. Rather unfortunately (and not at all surprisingly to me, there is no proofing provided for 3 Minute Bets. As such, there is no way of confirming the validity of the claimed strike rate.
How Does 3 Minute Bets Work?
Key to the whole of 3 Minute Bets is the so called “3 Minutes a day formula”. Not at all surprisingly, we aren’t really told a lot about what this entails. We are also told that Chris Bishop draws on “7 years of pure horse racing knowledge” (this is despite the fact that in the narration for this sales video “Chris Bishop” sounds like he is barely old enough to legally place a bet).
Supposedly, this involves look at “correlating factors” that indicate a horses performance. We are told this includes factoring in details on the race card, demographics of the horses, the jockeys and trainers and a host of other information.
This supposedly leads to 3 Minute Bets being able to identify future trends before they happen. This is opposed to a number of other tipster services which are focused on using past patterns and hoping that they repeat themselves.
We are also told that 3 Minute Bets exploits a flaw in the bookies system that is overlooked.
Chris Bishop claims that by spotting future trends before they happen, they are able to find where bookies have left value in the odds that they are offering. Supposedly, the bookies will catch on to these trends which makes me doubt the longer term profit for 3 Minute Bets but that is part of a wider and much longer argument with the service.
What is the Initial Investment?
There are 3 different options for those who wish to subscribe to 3 Minute Bets. The first of these is a 60 day subscription which is priced at £15.98. Alternatively, you can sign up for 3 Minute Bets for 6 months at a cost of £28.76.
The final option is to subscribe to 3 Minute Bets for the full year for which Chris Bishop is asking £47.40. It is worth noting that all of these options come with a full 30 day money back guarantee which comes as access to the service is sold through Clickbank. Chris Bishop does tell us that there this is in place, however I don’t believe that it is particularly prominently featured.
What is the Rate of Return?
There are two big sets of numbers that I have seen for 3 Minute Bets. The first of these is based around a pounds and pence value for the profitability of the service. In the sales video, Chris Bishop makes reference to his system generating a profit of £1,389.52 per week.
This would represent a very significant annual profit of £72,255.04. This is a massive number that it should be kept in mind that there is no proofing for. The staking plan doesn’t allow for context on this either.
The other numbers that are thrown about are the ROI’s and in many ways, these are more impressive than the pounds and pence value. We are told that there is a consistent weekly ROI of 57% a phenomenal number frankly.
As well as this, we are also told that the ROI will range from 87% to 158%. In case these numbers haven’t become stand out enough for you, we are also told that you are guaranteed to make an ROI of 1650% with every winning bet, a number that frankly seems like BS.
Conclusion on the 3 Minute Bets Service
You don’t have to look hard at 3 Minute Bets in order to identify that there are some holes in what is being offered here. Some of these are quite apparent things, others you may have to dig a little deeper for. For example, Chris Bishop claims that has put 21 years into studying the details behind his 3 Minute Bets formula.
This would all be well and good if it weren’t for the minor issue that the person who voices the sales video for 3 Minute Bets barely sounds 21. This also contradicts the claim about 7 years of horse racing knowledge. If you’ve spent 21 years studying data, surely this number would be higher? Right…?
The income potential is something that I am inherently sceptical about for a number of reasons. The lack of details on bookies and odds suggests that any results would be hugely variable from one person to the next.
The lack of a staking plan also ties into this. What is £1,500 as a profit? Is it 150 points per month to £10? 3 points to £500? There simply isn’t any information provided that offers insight. The nail in the coffin here for me is the variance in terms of the ROI. 57% is average, however we are told that the ROI will range from 87% to 158%? But we are guaranteed an ROI of 1650% on every winning bet?
Honestly, I don’t really think that there is much more to say about 3 Minute Bets. I am highly doubtful in terms of the claims of how 3 Minute Bets works. Bookies can miss things, yes, but the idea that Chris Bishop can spot future trends before they happen and before the bookies can respond seems like fantasy.
Frankly, I am hugely sceptical of claims like this for reasons that to me, are quite self evident.
Keeping all of this in mind, I am inclined to say that this is a service that you should look to avoid.
There isn’t really any evidence that any of what Chris Bishop claims he is in a position to deliver on. As such, I would strongly recommend giving 3 Minute Bets a pretty wide berth as I don’t really see you making any money on this long term.