Compounding Profits is a brand new horse racing tipsters service which is operated by Simon Wright. He claims that his selections will generate massive amounts of income for subscribers.
Introduction to Compounding Profits
There are a lot of different reasons to pay attention to a tipster service in my opinion. Sometimes though, it can be as straightforward as a headline. In the case of Compounding Profits, this reads “Gain Access To The Ground-Breaking System That Made This Computer Science Graduate £234,089.65!”.
With a claim like that, I think that it is more than fair to say that it is difficult to ignore.
Of course, as I have come to learn, when it comes to the various tipster services which are on the market, these claims don’t necessarily have to have any grounding in reality. Of course, Simon Wright claims that his is the one.
That system which will finally break the pattern of loss. I would love nothing more than Compounding Profits to deliver, but I can’t help but feel that these initial claims may not deliver.
What Does Compounding Profits Offer?
I want to start by addressing a large aspect of what you are actually getting when you sign up to Compounding Profits. Simon Wright does a very good job of presenting this as a service where you are getting access to a piece of software.
The sales material even says “quick to access, easy to install”. In spite of this, what you actually receive is access to a list of selections. These are supposedly generated by the software, but I don’t believe that Compounding Profits is necessarily reflective of what Simon Wright portrays. That is the first major problem for me.
Moving on to the bets themselves, Compounding Profits does nothing to really make itself stand out. The markets that you are betting on are far from exceptional, whilst the odds are rather varied, however there is a focus towards middling to slightly longer shots.
One thing that is interesting to consider is the volume of bets. Simon Wright says “with this membership you are able to place 2-3 bets per day”, immediately followed by “you should place at least 5 if you want to make £200,000 by the end of the year”.
I now want to talk about the staking plan that is in place for Compounding Profits. This is arguably the most important aspect of the whole service as the name suggests. It should go without saying that Compounding Profits is predominantly based around compounding your stakes and honestly, it is a pretty aggressive plan in my opinion.
This isn’t something that is necessarily for the feint of heart and I can easily see your bank balance being all but wiped out, arguably more so than I can see it growing at the claimed rate.
In terms of a strike rate for Compounding Profits, Simon Wright is quite adamant in his claim and frankly, it is a hell of an example. Supposedly, at least 96% of selections will win their race. “Even when your horse doesn’t place first it’s sure to come in close second”.
These are numbers that I would find unbelievable for a lay betting service, let alone one that backs horses to win, doubly so when you consider the kind of odds that are involved. It is worth noting that there is absolutely no evidence backing these claims up, nor is proofing provided.
How Does Compounding Profits Work?
As is so often the case when it comes to some of the more questionable tipster services on the market, Compounding Profits does a good job of sort of, kinda, telling you how it works. You know, if you look at it in the right light and squint.
Simon Wright says that 4 years ago, he left university with a First Class Degree in Computer Science. 6 months later, he has been on the dole and started working in a call centre for a market comparison site. After a few months “had a thought – “Why don’t I start my own business, one which compares online race tips and finds the most accurate predictions?”.
He then teamed up with his friend, an Applied Mathematics Graduate (because of course he is) to put the system together. The suggestion now seems to be that based off those tips, or perhaps still drawing on tips even today (the truth is that it isn’t ever really discussed), the software is able to pick selections. Naturally there isn’t any evidence to back any of this up.
What is the Initial Investment?
Simon Wright only offers one option if you want to subscribe to receive his tips and this is a one time payment of £21.99 (plus VAT). In the sales material, the following is said “Will my licence expire after a period of time? No!
As soon as you download the Compounding Profits system/Membership you can use it indefinitely and there will be no recurring payments.” This suggests that Compounding Profits is for life, however I am not entirely convinced that the product will be around for that long.
It is worth noting that Compounding Profits is sold through Clickbank, and as such there is a full 60 day money back guarantee in place.
What is the Rate of Return?
Supposedly, you can expect to “make a minimum” of £200,000 per year through using Compounding Profits. The headline claims that the software has made £234,089.65 for Simon Wright and his associate. Furthermore they say, you can make over £500 per day and again, a minimum of £4,000 per week.
I am more than cynical about these claims and I believe that is very important to keep in mind that there is no real evidence to back this up outside of a questionable screenshot of a Ladbrokes account.
Conclusion on Compounding Profits
Sometimes I look at a tipster service (almost always one that is pushed through the usual affiliate marketing channels I would like to add) and I find myself questioning who is really buying into it? Compounding Profits is a very good example of this. I honestly don’t know where to start with the various claims that Simon Wright makes about the service.
First of all, I want to address what you are actually getting.
I don’t believe for one minute that there is any real piece of software behind Compounding Profits. What I do believe however is that if you aren’t necessarily very in the know when it comes to technology, it all sounds very impressive.
What with Simon Wright’s supposed Computer Science Degree and his associate’s Applied Mathematics… Well, it makes reasonable sense that the pair would write a computer programme, right?
At this point I am naturally and not unreasonably cynical, but let’s just pretend for one minute and give Simon Wright the benefit of the doubt when it comes to Compounding Profits. £235,000 is an immense amount of money. I don’t know one person who wouldn’t be on board with any tipster service which could categorically demonstrate that this kind of income. Compounding Profits isn’t that service however.
There is simply no context provided at all, and as such, the number is meaningless. We are expected to blindly believe that compounding will make everything work out.
With all this in mind, I can’t really see a single element of Compounding Profits that I like. It is cheap, but there is no value to be had there, so even the one thing that could be a positive, almost instantly shoots itself down. Genuinely, I can see why people might want to believe the marketing for Compounding Profits. Promises of financial freedom, living the lifestyle you want, taking care of loved ones.
They are all things that we want, but you won’t find any of that with Compounding Profits. As far as I am concerned, this is a tipster service which serves only to line the pockets of a vendor and it should be avoided in the strongest possible manner.
One to avoid.