Bargain Punter is a new to market horse racing tipster service that is operated by Michael Carr of Back Lucrative. The service aims to provide a number of different ways of betting and exploiting value to produce long term profits.
Introduction to Bargain Punter
There aren’t really shortcuts to making money through betting. Sure, there are plenty of ways that you can gain an edge, improve things, do better. But ultimately, a lot of betting is psychological. And getting comfortable and to grips with that is something that only really comes when you start to invest time into it. Because one of the keys to having that psychological edge is thinking long term, which is hard to do if you’re several bets in the hole and down a few hundred quid.
All of this has nothing and everything to do with the review subject for today, Bargain Punter. This is a new service from Michael Carr who operates the popular and well known “Back Lucrative” service (amongst others). In and of itself, that pedigree is enough to get a little bit excited about. The truth of the matter is that there aren’t really that many established tipsters who have been around for a significant period of time. It’s difficult to stay on top of the game and have an approach that works in the long term.
Original Link: https://backlucrative.com/bp-free-training/
There is that term again. Long term. Honestly, you’ll see it a lot when I talk about Bargain Punter. This isn’t something that is a flash in the pan, designed to turn a huge profit for you in the short term. It categorically will require time, effort, dedication, and of course money. All things that I want to be upfront about, because if you’re shirking at that idea, you aren’t going to be onboard with what Michael Carr is doing here. So, with my cards quite clearly on the table, let’s get into this and see what is what.
What Does Bargain Punter Offer?
Whist there is a lot to Bargain Punter, fundamentally, it is a simple thing. Something that I always have to point out isn’t a criticism. Of course, that may also seem at odds with the picture I have painted this far. How can Michael Carr’s approach be both simple, but also complex enough that I have to deter people who are looking for something quick and easy?
There is a long and complicated answer to all of this, but the long and short of it is this. Whilst you are betting often, and you should theoretically win often enough, there are some limitations to all of this. And unfortunately, not everybody likes it when you are facing down losing streaks. Something that there definitely is here.
But moving on from this, what are you getting yourself into? Well, Michael Carr runs a pretty tight ship all things considered. Selections are issued Monday through Saturday and are uploaded to a member’s area before 10am. Bargain Punter subscribers also receive an email alert so that you’re always in the know.
The bets that you will actually be placing are all advised as straight win bets. Ultimately, this is what I would expect from Bargain Punter. Of course, there are limited betting markets when it comes to horse racing. Furthermore, the odds involved with Michael Carr’s betting strategy just aren’t really conducive to each way betting. There are however additional strategies that you can utilise that take advantage of more exotic bets to boost odds, but I’ll come to that.
So, I’ve mentioned the odds not being conducive to each way betting. This is mostly because you aren’t really dealing with long odds at all. There are occasional bets that have been advised at double digits, but much of Bargain Punter is significantly lower. For some context on this, the average odds for Michael Carr’s selections come in at 4.74 (or a bit under 4/1).
Of course, these aren’t necessarily the worst odds. I can certainly think of a number of services that involve betting at significantly lower average odds. It would be entirely feasible to stretch these further if you wanted to take advantage of an odds comparison site. Something that could help make Michael Carr’s selections more profitable, but it isn’t really necessary with Bargain Punter.
Now, let’s talk staking. Because there are actually 3 different approaches for Bargain Punter that Michael Carr recommends using depending on what level of risk you are willing to take on. Which is really refreshing. Obviously, you can bet to simple level stakes, 1 point per bet. That makes sense. There is also a “Bank Builder” staking plan. Put very crudely, this utilises compounding to make you more profit faster.
The final option is one I have already alluded to. Bargain Punter also has a “Profit Multiplier” staking plan. Something which also changes the bets that you place. This involves taking all of the bets that Michael Carr advises and combining them into specialist accumulators. These range from a simple double on the day when 2 horses are advised, all the way up to a Lucky 31 on those higher volume days. Of course, these carry huge profit potential.
A starting bank of 100 points is recommended across the board for Bargain Punter, however, if I were looking at the Profit Multiplier strategy, I might want to increase that. This is mostly down to the fact that you can quite easily face significant losing streaks waiting for a winner to land, even if those winners can net you in excess of 200 points.
A few final notes about the offering of Bargain Punter. Firstly, I want to mention the strike rate. At 27.98%, I think it is pretty respectable given the odds involved. When you combine it with those average odds, I also think that it demonstrates the capacity for long term profit that Michael Carr actually has.
The other thing that I think is worth mentioning is all of the additional material that Michael Carr provides when you sign up for Bargain Punter. As well as the additional staking plans that you can use, you get access to a number of video tutorials (which are well produced and informative) as well as the actual selection process that the tips involve. This means that you can theoretically start trying to find your own bets and improve your own betting.
How Does Bargain Punter Work?
Oddly, it is rather difficult trying to talk about how Bargain Punter works given that Michael Carr actually provides you with the entire selection process. However, the fact of that matter is that I have, and always will, say that it isn’t my place to give away information that somebody puts behind a paywall for free. It just doesn’t seem fair. As such, you will excuse me if this is a little bit vague.
What that doesn’t mean however is that I can’t say anything. In actual fact, there are a few things that I do think it’s quite reasonable to talk about. Firstly, there is the fact that what you are ultimately dealing with here is a value based service. Michael Carr talks a lot in the sales material for Bargain Punter about finding an edge over the bookies. This is exactly what I have always talked about in terms of getting a sustainable and long term betting service going.
There is also the fact to consider that whilst it isn’t freely available, you can sign up for Bargain Punter, literally have the selection process explained to you, and make a decision from that. I might not be able to talk about what it entails here, but full credit to Michael Carr, you really can’t ask for much fairer than a complete breakdown of what their selection process is to the extent you can use it yourself.
And finally, the inclusion of all of the proofing for Bargain Punter means that whilst you might only have some idea of what you are getting yourself into, you can see it in action. Said proofing is very comprehensive and goes back some 12 months. As such, I think it’s pretty fair to say at this point that it provides an accurate picture of what you can expect in the future.
What is the Initial Investment?
There are 3 different options if you want to sign up to Bargain Punter, each of which vary wildly in terms of value and costs. The lowest outlay option is to sign up on a monthly basis. For this, Michael Carr is asking £37 per month at the time of writing. Whilst this is the worst value option, I should point out that it is still less than what I consider to be a “typical” monthly average.
If you are looking for better value, there is a slight improvement if you sign up on a quarterly basis. At £97 every 3 months this means a saving of about £14 over the monthly costs. A pretty negligible amount. The best value, without a doubt does come from the highest outlay. This is a one time payment of £197 for which you get access to Michael Carr’s selections and Bargain Punter for a full year. A very substantial saving.
There are a few final things to note. Firstly, Bargain Punter doesn’t come with any sort of money back guarantee. This means that if you want to get that best value of the service you have to be at least somewhat committed to seeing things through. However, Michael Carr does give a 10 day free trial when you sign up. This gives a little bit of time to get some idea of what you’re getting into.
What is the Rate of Return?
How much you can earn with Bargain Punter depends wildly on which of the different strategies you actually use. To level stakes of 1 point per bet, the service is at a profit of some 238 points in about a year. If you were using the Bank Builder strategy instead, you’d be sitting incredibly pretty at 692.93 points.
By far and away the most profitable way of betting with Bargain Punter is also the one that I wouldn’t personally recommend as a sole method of betting. You see, using the Profit Multiplier strategy and taking advantage of different accumulators would have produced a profit of 869 point in a year. Whilst that is a truly magnificent looking number, it also means periods where you could quite literally be looking at a drawdown that amounts to hundreds of points.
Conclusion for Bargain Punter
To say that Bargain Punter is a great looking tipster service is a bit of an understatement. The results that Michael Carr has achieved are hugely admirable, but more than just this, they have been attained with a genuinely impressive regularity. Whilst there have been a few bumps along the way, consistency is definitely key to this. But impressively, it is that consistency across the board.
Of course, one of the biggest questions though is which is the right way to bet? Unfortunately, this isn’t something that really has an obvious answer. Of course, I think there is a lot to be said for the fact that simply compounding bets has more than doubled the profits in the same period of time. That alone makes it arguably the best option for Bargain Punter, but that does of course mean withdrawing nothing and increasing your risk.
For my money, as I’ve been looking at Bargain Punter, I’ve seen a clear way forward developing. There is a lot to be said for sticking to level stakes until you’ve made your bank back. At 100 points, that sounds like a lot. Within 6 months, Michael Carr was there though. From there, you can start to compound your bets as you’ve effectively not lost anything. In the meantime, I would probably set aside a small stakes bank for the accas to get those “jackpot wins”. If you’re able to bet this way, you cover all the bases.
But why would you want to go so all in on Bargain Punter? That’s a valid question. For me, it comes down to a few things. Firstly, I think that the methodology behind the service is solid. This isn’t something that is based on flash in the pan results. It is very clear that Michael Carr has a long term approach to everything he does (something that is evident in all of the services he puts out).
Secondly… well, the results rather speak for themselves. Profit across the board is something that you just don’t see al that often. So, when you do see something that is consistently achieving this, and to a high level, well, it’s hard not to look at that element of Bargain Punter and see potential.
Finally, I just think that there is a huge amount of value for money to be had here. When you look at the amount that Michael Carr is asking for his service compared to what you get, it’s genuinely impressive. The thing is, all of that is being offered for quite a lot less than most tipsters would ask. Honestly, I know people out there who would be asking for £75 a month for Bargain Punter, so snagging it at half that is a bit of a bargain.
Honestly, there is just a lot to like here. I feel like Michael Carr really does do everything that he can to make this a decent tipping service. From the different staking approaches, to the inclusion of the betting system behind it, and of course let’s not forget lots of profit. All of this being offered at the price it is makes for something that really does look like it warrants some serious consideration.
Terrible betting service that has burnt through a third of a 100 point betting bank in 2 months.