Close Betting is a brand new horse racing tipster service which is being offered by Richard Close. It claims to have produced a very strong profit over the last 10 months.
What does the product offer?
I won’t lie about Close Betting. There is only one reason that this service jumped out at me and that is because Richard Close mentions paying off your Christmas shopping. This is a bit of a sore point for me for a number of reasons, but mostly because it simply suggests that the service is being run with the primary intention of making some quick and easy money for the marketer. These kind of products also tend to be aimed at the vulnerable.
If you look through the headlines for Close Betting, I feel that they definitely highlight this. “Making money from gambling is not only possible, but it is EASY!”. I don’t know of any respectable and genuine tipster who refers to what they do as gambling. This is mostly down to the fact that if you have a genuinely winning system, you are not gambling, you are betting. I will explore the difference a little later on in this article, but it is an important distinction to make.
So can I actually say about what you are getting with Close Betting? The service runs Monday through Saturday with selections being issued directly via email. There are typically anywhere from 1-7 selections on a given day which makes for a manageable enough volume. The odds that you are betting on all range from 2/1 going as high as 20/1. This is something of an unusual range for a tipster service however I am not surprised given what I have seen of Close Betting.
Moving on to the numbers side of Close Betting there is very little information made available. Whilst there does appear to be a staking plan in place, all that we are told by Richard Close is that you should be betting “level stakes” with £10 per bet advised. This staking plan becomes yet another problem with Close Betting that I will get to eventually.
Finally there is the strike rate for Close Betting, or more specifically, its lack of a strike rate. This is particularly problematic as far as I’m concerned when you consider that Richard Close says that he has “10 months of verified results”. With this in mind I see no reason why this important figure cannot be published or proofing supplied.
How does the product work?
Whilst there isn’t a lot of information on what you can expect from Close Betting, Richard Close is more than happy to try and sell you his credentials as a tipster. This is a long and massively varied list that I find to be somewhat questionable, mostly because everything is deliberately vague to a somewhat concerning extent.
As is often the case with this kind of product, his start in horse racing came at an early age where he was taken to the races to watch the horses. Eventually his Saturday afternoons were spent watching racing at the bookies or at home. This was until the supposed advent of online betting.
Over time he has honed his methods of studying form and ultimately developed into a system. Naturally we aren’t told anything about what this system entails which is something of a problem for me. There is also plenty of other talk about reasons that subscribers should trust his selections. Unfortunately, there simply isn’t any evidence to back any of these claims up.
What is the initial investment?
There is just one option if you want to sign up for Close Betting which is a 12 months subscription. Richard Close is asking £24.95 for this plus VAT. Payment is handled via Clickbank which means that if you are unhappy with the product, you have a full 60 days in which to claim a refund. I feel that I should highlight the fact that the sales material for Close Betting is quite honest about this fact.
What is the rate of return?
According to Richard Close you can expect to earn an average of 36.92 points of profit each month. This would mean that over the course of the year you would make 443.04 points of profit, a figure that is plausible, although I am not convinced that this is a realistic figure. This especially applies when you consider that a top level tipster will generate around this number. Everything that I have seen shows that Close Betting isn’t a top level tipster at all.
Conclusion on Close Betting
To say that I find Close Betting to be questionable as a service is frankly a bit of an understatement. If the truth be told, there isn’t a whole lot of anything that I would recommend here. Despite Richard Close’s best efforts to pass this off as a genuine service, I simply can’t see anything but a product of very dubious quality that seems to exist first and foremost to make money for the marketer behind the service.
One of the biggest problems that I have with Close Betting is that despite the numbers claimed, there simply isn’t any evidence that the service works. For example, Richard Close talks about keeping records of his betting history, however this proofing isn’t actually made available. On top of this, it is clear to me from the sales material that the focus is not on the service per se, rather how easy it is to make money by following Close Betting.
The fact of the matter is this. Any reputable service will provide you with evidence that they are able to generate a profit. Richard Close does no such thing and this is undoubtedly a problem. Even though the service is inexpensive, I can’t see it as value for money as I genuinely believe that the most likely outcome here is that you will end up losing money in the long run. I certainly don’t believe that you will be in a position to “pay off Christmas”. With all of this in mind, I would definitely give Close Betting a big miss in favour of one of the legitimate tipster services currently on the market.
