Favourite Plays Review – Betfan

Favourite Plays is a long standing tipster service which is currently being offered through the Betfan stable of tipsters. The tipster behind the service, Tony, takes something of a unique approach to horse racing in the form of spread betting.

Introduction to Favourite Plays

It isn’t very often that something comes along which I can really claim to be a bit different. Usually, tipster services are ultimately based on the same fundamentals with a thousand different tweaks that their tipsters claim make them unique (and of course, profitable).

 In Favourite Plays though, I will say that Betfan have really caught onto something that isn’t quite like anything I’ve ever seen before. This is a very polarising service and make no mistake. When it performs well, it is exceptional (read, more than 250 points of profit in a single month), however, when it performs badly, you are looking at the same kinds of results, albeit in the negative.

So, is Favourite Plays something that it is worth investing your time and money into? Let’s have a good look and see.  

What Does Favourite Plays Offer?

There is a lot that stands out as being different when it comes to Favourite Plays, but one thing that doesn’t really differ is the way that Betfan operate the service. Tony is very much in safe hands in this regard.

As a subscriber, you will receive your selections from Betfan a number of different ways. This includes being sent directly via email, being made available in a member’s area on the Betfan website, and finally on Betfan’s app (which is available on both iOS and Android).

The content of selections from Favourite Plays are of a more than reasonable standard, meaning that you will receive everything that you need in order to place your bets with the relevant bookies.

Moving on from here, I want to talk about the bets themselves. Now, I have hyped up the fact that Favourite Plays is somewhat unique when compared with most other tipster services on the market, and that is nowhere more apparent than when you look at the bets.

Whilst everything that Tony advises is ultimately pretty straight forward, it can be easy to feel overwhelmed by the bets. For example, just what does “Bangor Favourites buy at 63” mean? Well, this is something that I will explore in detail, but effectively, it is spread betting talk.

What this means for you is that you will have to take a little bit of a specialised approach to horse racing betting. This means that you will not necessarily be in a position to simply bang out bets with whoever your local bookies are. It will require new accounts and a new approach to betting. But that isn’t anything that can’t be overcome with a bit of time.

Now, I want to talk a little bit more about spread betting later as it is undoubtedly an important topic when you look at Favourite Plays. But what Tony and Betfan don’t ever explicitly say is that you can lose more than you invest making Favourite Plays something of a risky proposition to some.

Typically, here I would talk about staking plans and how many points you should bet but with spread betting, it doesn’t quite work like that. Yes, you will have a betting bank in place with Favourite Plays, but this will need to be robust due to the fact that you can in fact lose more than you initially invest.

Now there is more staking advice when you sign up, but realistically, what you should be aiming to bet with something like Favourite Plays is as much as you can afford, whilst still allowing for larger losses. Betfan and Betfan are much more optimistic with their approach, and that will work for some, but not all.

Finally, I want to talk about how often you can expect to win with Favourite Plays. Now it is quite interesting to note that whilst you are dealing with favourites, and people will tell you that the frequency of winning matters more than anything else, that simply isn’t the case here.

 It is still definitely a factor. There is no getting around the fact that if you want to make money through betting, then you have to win often. With that having been said though, there are so many other elements in play that I will talk about a little more below.

As an example of this, I would like to submit to you the following numbers. August 2018 was the best performing month Favourite Plays had, with Betfan obtaining a strike rate of 61%. By contrast, the worst performing month had a strike rate of 59.3%. In spite of this, there is a 500 point range on the profits, in spite of some similar results.

How Does Favourite Plays Work?

So, let’s talk a little bit about spread betting, as ultimately, this is key to what you are getting yourself into here and it is reflected in all elements of how the service works. As I have touched upon, the idea behind spread betting is that it is all about how right you are. There are a number of detailed explanations out there, so I won’t talk about it too much here.

You see when it comes to spread betting, it isn’t about simply being right or wrong. It is about how right or wrong that you are. So, as long as you are getting the right kind of winners, then you can still make money, theoretically, irrespective of the results. By the same token, you can have two good months and end up with radically different results, as I have shown already.

Now, the selection process that is involved is an interesting one. Betfan say that Tony checks the prices at a number of different bookmakers and exchanges. He then uses this information to score the prices available, and come up with his own price for that race. This is then compiled and compared to the spread quote, and if the numbers are right, then you should buy Favourite Plays.  

What is the Initial Investment?

At the time of writing, there are 4 different options that are available if you want to sign up to Favourite Plays. The first and cheapest of these options is a weekly subscription which is priced at £15 every 7 days. Alternatively, you can sign up to Favourite Plays monthly (actually every 28 days) at a cost of £45, however you should keep in mind that you will pay this cost 13 times per year.

Representing substantially better value are the quarterly and 6 monthly subscriptions. These are priced at a cost of £126 and £214 respectively. It is worth noting that as is the case with all products from within the Betfan group, there is no real money back guarantee in place for Favourite Plays.

What is the Rate of Return?

Betfan have been proofing Tony’s selections since July 2018 which means a good 12 months of evidence. In this period, Favourite Plays has produced an overall profit of 268.75 points which is a reasonable number, however this doesn’t begin o tell the whole story.

In the 12 months, there have been 4 losing months which combined, have seen losses of some 798 points. This includes a 3 month run which saw 557 points lost in succession. By the same token, there has been a single month which saw almost as many points in just that month as Favourite Plays has demonstrated in its lifetime.

Conclusion for Favourite Plays

Looking at Favourite Plays, you would be forgiven for thinking that this is a ropey looking service. Honestly, I don’t think that this is an unreasonable position to start from, because frankly, those results speak for themselves. But it would be unfair to simply start here and not talk about the wider context for Tony’s service.

I keep banging on about spread betting and what it entails, but it is so important because it frames every aspect of Favourite Plays. It is a unique experience in betting and for those of you who are used to a much more straight forward thing, I don’t think that it would be unreasonable to find yourself in over your head at first.

With that out of the way, let’s focus on Favourite Plays as a service. Honestly, Tony seems to have a pretty solid approach. It has a decent basis in a mathematical and formulaic approach to betting and in my experience, that foundation often works out in the long term. Much better than those who like to focus on things like inside information and whatnot.

The big concern that I have ultimately boils down to the use of spread betting. I will wholly admit that there is so much money that can be made with this approach. Hell, the good months that Tony and Favourite Plays have enjoyed demonstrate this. But for me, that risk is simply too much to casually take on.

There are two big concerns that I feel should be highlighted when it comes to Favourite Plays and its approach. First of all, there is the risk. I’ve talked about this at length, and I won’t drag it up again too much, but it would be naïve to ignore the fact that this is a very prominent aspect of the service.

Secondly, I want to touch on the fact that spread betting simply isn’t anything like betting on horses in the bookies. It can be more complicated, although once you get it down, it shouldn’t be too difficult. But it is very much a factor that you should keep in mind when considering Favourite Plays.

Personally, this definitely isn’t for me. I’m not really a fan of spread betting for a number of reasons, but I will refer back once again to the proofing and those historic results. Those swings are hugely extreme and I just don’t believe that most bettors could realistically come back from them.

I also think that what Betfan are asking is a considerable amount of money. £45 per month, well, every 4 weeks, starts to really add up. If you hit a bad streak whilst paying this out, it all really starts to add up. Now, there are some potential caveats to that which bring me to the other side of that coin.

If you take your betting seriously and view it solely in the light of an investment, then Favourite Plays may be something that is worth your consideration. But this will still require a very robust betting bank and rock hard discipline. In fact, I think that this will only work for a very small niche of bettors. But if you do fall into that category, Betfan are offering something different to most stuff on the market.

 

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From: Simon Roberts