BoomBets is a new horse racing tipster service operated by one Nick Stephens that claims to be able to produce a consistent profit through value bets.
What does the product offer?
BoomBets is being sold as a rather straight forward tipster service that takes a pretty no nonsense approach to betting. In fact, Nick Stephens spends a not insignificant amount of time talking about how BoomBets differs from services offering high strike rates and huge profits. In terms of what BoomBets involves, it is a daily tipster service with Nick Stephens saying he aims to provide 4 selections per day.
These are all back bets which are sent out before 10am most mornings and before 11m on weekdays. BoomBets has a claimed average odds of 6.8 BSP which is a very impressive number.
Unfortunately, there aren’t any details provided of a staking plan however 1 point level stakes seems likely. In terms of the strike rate, at the time of writing this is claimed to be 23.2% however there is no real or substantive proofing to back this claim up.
How does the product work?
In many respects, BoomBets is very much a typical horses racing tipster service. In terms of the selection process, there is a disappointing lack of information provided. In fact, the only thing that is really said in the sales material for BoomBets is that the betting has a value based approach.
Otherwise, the sales material is full of information on how Nick Stephens bought plenty of systems and nothing worked so one day, he decided to simply make a system that worked for him.
What is the initial investment?
There are three subscriptions that are available with BoomBets. These are a 3 month subscription. 6 month subscription and a 12 month subscription. These are priced at £45, £60 and £90 respectively.
Whilst it isn’t actually mentioned, all of these options are sold via Clickbank so all three should come with a full 60 day money back guarantee.
What is the rate of return?
The claimed income over the last 2 years for BoomBets is approaching the 550 point mark. This includes 376.23 points however I would once again point out that there is nothing backing these claims up.
Conclusion
I have seen a lot of tipster services in my time and whilst BoomBets generally avoids a lot of the pit falls, I don’t necessarily see it as being a be all and end all however. Unfortunately, BoomBets isn’t without fault.
The fact that all of the subscriptions that you are pushed into buying last for longer than the refund duration of Clickbank is a definite cause for concern. This is a tactic that some unscrupulous marketers may use to force you into a position where they have a guaranteed profit.
This isn’t to say that it is what Nick Stephens is doing, but it is definitely worth keeping in mind that that it is a possibility, and as such, I would stick to paper trading until I was certain BoomBets is the real deal.
