Flat Banker is a new to market horse racing tipster service from an unnamed tipster. It is being heavily marketed and claims some very strong results indeed.
Introduction to Flat Banker
There are a certain number of tipster services out there that are heavily marketed through email, usually by other “tipsters” who have launched their own products and built their own email lists. This is an important thing to note as I can tell you that categorically, a large majority of these products end up unable to get close to delivering on their claims and the marketing.
I know that this sounds off topic, however it is important to create this context as Flat Banker fits this box to a T. There are some massive claims of profit, Flat Banker is supposedly low risk, and it is cheap. So why wouldn’t you want to invest? Let’s have a look at the bigger picture here.
What Does Flat Banker Offer?
I just ahve to point out here, that I am not sure if the ‘Flat Banker’ is a play on words. Use your imagination, or maybe it is just my strange mind..
First things first. What exactly do you get with Flat Banker? The fact of the matter is that a lot of the marketing for the service is pretty far from clear on this matter. Well, as the name suggests, you will receive selections exclusively for flat racing.
These are sent out via email, typically landing with subscribers on the morning of racing. All that you have to do (you are told) is place your bets., Now, it should be noted that the fact that Flat Banker does exclusively deal with flat racing means that you will not necessarily be betting every day.
Moving on to the bets themselves, Flat Banker is a combination of win and each way bets with slightly more of the latter than the former. This appears to be down to a predilection for horses to be backed at quite extreme odds.
A look at the “proofing” that comes with Flat Banker (a point I do want to pick up a little later) shows that the shortest odds backed worked out at 5/2. Meanwhile, the longest odds were a 40/1 each way bet. This is important to keep in mind in my opinion as this can add up, despite being relatively low volume.
This brings me nicely on to the staking plan which in ‘theory’, seems very reasonable. It is advised that all bets are to 1 point on a win bet and 2 bets on an each way bet. At a glance, that seems OK, but this can mean staking quite a lot actually. Using a real world example, you would end up staking 8 points across 5 bets.
It isn’t terrible, but a few bad days can really damage your betting bank (which is advised to be 100 points) and I have a feeling there will be a fair few of these with Flat Banker.
This brings me on to the strike rate, or should I say, the claimed strike rate. The fact of the matter is that there is no proofing provided for Flat Banker outside of a few select days (all conveniently a few days before the sales page went live).
In spite of this, we are told that we should expect a strike rate of 45% across all bets. This is a very strong number that with full proofing I could get behind. As it stands though, with the lack of this and the longer odds, I am rather cynical about Flat Banker, and not unreasonably so either.
How Does Flat Banker Work?
In terms of how Flat Banker actually works, we aren’t really told a whole lot of information which is very frustrating. Especially as by this point, it is becoming a bit of a running theme for the service. None the less, I suppose that there is an argument to be made that you aren’t going in completely blind.
For example, the tipster behind Flat Banker says that they focus on flat racing as it is more predictable then other forms of racing. There is some truth to this. There is also a few hunts dropped that the tipster behind Flat Banker supposedly worked in a bank. I am much less convinced of this and believe that this is there simply to add an air of legitimacy.
The truth of the matter is that whilst this is undeniably a problem, I could potentially look past it if Flat Banker had any proofing.
There isn’t though. There is simply a few days which are proofed and honestly, I can’t help but feel that these have been possibly picked after the effect. There seems to be a good reason why Flat Banker has performed so well in the few days before the website went live and then struggled once it has. This could be coincidence, but on balance of probability, I am not inclined to believe in coincidence.
What is the Initial Investment?
If you want to sign up to Flat Banker, there is only one option available. This is a one time cost of just £20 for which you receive 60 days worth of access. Once this time has elapsed, Flat Banker then becomes a monthly subscription at a cost of £25 according to the sales material (although interestingly, the payment page doesn’t suggest that this happens automatically).
It is worth noting the fact that although Flat Banker is actually sold through the Clickbank platform which means a full 60 day money back guarantee, this isn’t mentioned anywhere in the sales material for Flat Banker.
What is the Rate of Return?
In terms of the income potential for Flat Banker, we are told that in just 4 meetings, the service has seen a profit of £420. Unfortunately, there is no real proofing to back this claim up. Nor is there in fact, any real evidence at all.
There is simply a list of bets which have supposedly been placed (all from before the system launch) and how much profit or loss that they made. Now these could be genuine. If you go back and cross check them with real results, they are winners. But it is of particular noteworthiness to me that Flat Banker doesn’t provide any results after the launch.
Conclusion on the Flat Banker Service
Whether or not Flat Banker is for you is a question that in my opinion, ultimately boils down to how much risk you are willing to take on. Not logistically, but in so much as, do you have a genuine tipster service?
I am not saying that Flat Banker necessarily falls into this category, but there are a number of things that immediately stand out to me. For example, I don’t see it as a coincidence that Flat Banker is being offered on a 60day trial basis. The same length of time as Clickbank’s money back guarantee which as discussed, is conveniently absent from the promotional material.
The same could be said for the results that are supposedly so strong. Make no mistake, there is a strong implication here that the results that are claimed are implied to be somewhat typical. This is despite a very small sample size.
This is of course assuming that these results are in fact genuine, fact that conveniently, cannot be verified because of a lack of proofing. With that having been said, I am of the opinion that the fact results stopped after the launch speaks volumes.
All of this is exactly the kind of risk that I am talking about, and it is here where your comfort levels come in to play.
I have been involved with this industry for a long time and I know when I see something that sets my alarm bells ringing. On the very odd occasion, I have been proven wrong, and honestly, nothing pleases me more than that. God knows, there aren’t enough profitable tipster services on the market. Flat Banker sets off a lot of alarms though.
The bottom line is that despite all of the claims, there simply isn’t any evidence that Flat Banker can deliver what it claims to do. In fact, there isn’t actually any evidence at all that it will work and that is what I’m stuck on. If you honestly want to take a £20 punt with Flat Banker, then that is a personal preference. To me though, this smacks of an internet marketer who is looking to turn a quick and easy profit from a low maintenance tipster service.
With all of this in mind, I wouldn’t personally look to invest any time or money in Flat Banker, and I wouldn’t recommend others do that either.