Betfan F1 is rather unique in so much as it is the first exclusively Formula One tipster service that I have seen before. As you can probably guess from the name, it is provided through the Betfan group.
What does the product offer?
Betfan F1 refers to itself as the No. 1 betting club for die hard Formula One fans worldwide and this, for a change, may not be exaggeration. Namely because to the best of my knowledge it is the only such thing. As you can probably imagine from a tipster service dealing with this sport, selections are somewhat sporadic with some months having just a few selections.
The bets that Betfan F1 sends out a massively varied ranging from podium positions and winning margin to whether or not the safety car will be sent out.
Staking ranges from 1-5 points however this does seem to be necessary for Betfan F1 to compensate the lower odd bets. Unfortunately there is no published strike rate for Betfan F1 available.
How does the product work?
Betfan say that in order to get their selections for Betfan F1, they have searched out “the best F1 analyst, writer and advisor available to feed us the very best racing information”.
This is further expanded on by the tipster behind the service who says that he only has to compete with an odd’s compiler as opposed to something like horse racing where Betfair shows where the money is going.
Furthermore, the mind behind Betfan F1 says that they are rather close to a production team (although which one is not stated for obvious reasons), and as such, they are able to get vital information before anyone else.
What is the initial investment?
Access to Betfan F1 is comparatively reasonable when laid out next to the majority of Betfan products. You can sign up as a monthly member (actually 28 days) at a cost of £14 per month or alternatively you can sign up for the whole season for £47.
There is unfortunately no money back guarantee in place with Betfan stating that this isn’t something that they typically offer. They do however say that they will review any requests.
What is the rate of return?
Last season, Betfan F1 made an overall profit of just 11.4 points whilst it has made 60.09 points for since it started running in March 2014.
The profit margins don’t seem huge for Betfan F1 but I think that this rather misses the point.
First of all, the fact remains that Betfan F1 has made a profit. But more than that, I don’t see this as being the kind of service that exists to generate a substantial income for its users (even last year would have made just under £500 to £10 stakes).
Instead, given the inexpensive nature of it, I would see Betfan F1 as something for Formula One fan’s to inject a little more excitement into the sport whilst making a little bit of money on the side.