Gold in the Hole Review – Betfan

Gold in the Hole is a brand new to market sports betting tipster service that is operated by the Betfan stable of tipsters. The service is set up to accommodate potentially huge wins through golf betting.

Introduction to Gold in the Hole

I haven’t ever really tried to hide the fact that I think that having a golf tipster service as a part of your betting portfolio can be a smart idea. I can’t think of many sports that carry the same level of consistent winners that you see with golf betting. But there is something of a limit to this. You see, when there are big odds involved with any betting, it can go one of two ways. There is finding and sticking to value bets, and then there is pursuing jackpots. This is the kind of betting that is all about scoring one huge win. It is a risky path to take.

This is all very important to establish because Gold in the Hole is a service that, for want of a better way of explaining it, straddles the line of these two schools of thought. On the one hand, Betfan talk about the fact that there is better value to be had in golf betting these days than there has ever been before. They’re absolutely right about this. In many respects, there hasn’t ever been a better time to bet on golf with bookies constantly trying to add more places on tournaments to bring in punters. The exact markets that canny bettors can exploit.

But there is also a little bit of a concern in my mind in the marketing. There is a lot of talk about how scoring “life changing wins” and talking about 500/1 bets as a “Plan B”. Now, don’t get me wrong, having looked at this, I will say here and now, I can see how these bets can get incredibly big. And the wins that can come with them are something truly special. As is often the case when Betfan are involved though, there is ultimately quite a lot to Gold in the Hole that you really need to consider.

What Does Gold in the Hole Offer?

Gold in the Hole is an interesting beast. At its core, I would be inclined to say that it is a very simple service. But the fact of the matter is that there is undoubtedly a lot involved here that isn’t just a simple straightforward thing. In fact, whilst Betfan don’t talk about it, I would say that this is one of the most mentally challenging tipster services I’ve seen for some time (I will talk about this in detail later, don’t worry).

First things first, let’s talk about the management of the service. Say what you will about Betfan, but they have been around for a while now and they have running a tipster service down to a pretty fine art. This is something that you definitely see with Gold in the Hole. It isn’t just that it is a clearly professional service, it’s the fact that there are so many options for you as a punter.

This starts when you look at how selections are managed. Being a golf service and mostly betting on tournament positions, tips are made available once a week. These will contain all of the bets for the upcoming week. There is a reasonable amount of information included with Gold in the Hole, but I have seen much worse.

One of the things that I do like when Betfan are involved is that there are a lots of different ways to receive selections. You get them via email, as you’d expect. There is also an option to log into a member’s area and view tips manually. For my money though, your best bet is to use the Betfan app. There is a lot to be said for simply getting tips straight to your phone, and Gold in the Hole benefits from this more than perhaps some other services.

You see, as I have already alluded to, this is a service with some bloody big odds. Adding to this, you are betting before the tournament kicks off, so those odds are even higher. In fact, bookies will practically be fighting for your business. Which means that if you’re using an odds comparison site, you can potentially really push any wins that you do have with Gold in the Hole.

For some context on this, bets to date from Gold in the Hole have gone as far as 125/1 looking at Betfan’s historic results. In my experience, you can typically expect to see an additional 10-20% increase in odds if you’re willing to shop around. If that is appealing on those numbers, imagine where the line is with bigger bets. In theory it can be thousands of points.  

Of course, you aren’t backing 125/1 outsiders to win. That isn’t what Gold in the Hole is about. Instead, all of the bets advised are on an each way basis. An area where, realistically, the value lies in golf. Betfan also say that the best selections from each event are brought together to form “The Gold in the Hole Doubles”. These are massive win doubles that can produce a “life changing win for members”.

One of the things that is really important to keep in mind with this sort of betting is that it can be very expensive. Betfan show that a lot of bets are advised at either one or two points per bet, and you are placing multiple of them each week. This adds up. Especially because, as you’d expect, Gold in the Hole doesn’t win that often.

A recent bad week ended up costing 12 points. That isn’t monumental, but you have to keep in mind that there are going to be a lot of these bad weeks. This is the kind of betting where, if I’m honest, a 100 point betting bank isn’t going to cut it. You need to be thinking about 500 points, maybe more if you wanted to sustain following Gold in the Hole over the long term.

This is because it is a service that, by its nature, will have a low strike rate. At the time writing this, it is still quite early into the lifespan of Gold in the Hole. But that strike rate is single digit percentages. Wins simply won’t happen all that often. As such, expect significant losing streaks and drawdowns at all time.  

How Does Gold in the Hole Work?

Contrary to what people may say, I’m not entirely stupid. I can very clearly look at Gold in the Hole and see what Betfan and the tipster behind the service are doing. You don’t have to win often if you’re winning a lot. If you want proof of this, you only have to look at their two most profitable services overall. Both are based around larger horse racing accumulators. And I’ve seen plenty of golf tipsters also succeed with this general approach.

It is a lot of work though. When I said that Gold in the Hole is mentally challenging, I mean it. Having the discipline to follow something like this isn’t an easy thing to do. You might see several months of just haemorrhaging money before you see a win. For a lot of people, that simply isn’t going to be a realistic option. But when those wins do come in… That is the pay off that you’re working towards.

Of course, that is all well and good, but it isn’t really telling you much about how Gold in the Hole actually works. Fortunately, Betfan do provide some insight into the selection process. We are told that the tipster behind the service uses their own unique ratings when it comes to identifying which golfers have value. This is in line with what I’ve seen from other golf tipster services before, so I’m not overly sceptical of this claim. But there isn’t much more than that that can be said.

There is of course proofing that is provided by Betfan as they always do, however, it remains frustratingly obtuse. There is no way of getting a clear overview of what sort of numbers you can expect. The thing is, I think that this sort of thing is really important with something like Gold in the Hole. This is very much a “big picture” type of tipster service, and without all of that, it makes it quite difficult to see where the positives lie.

What is the Initial Investment?

One of the things that is appealing about Gold in the Hole is the pricing. Betfan really aren’t asking a huge amount for access to this service. For example, the “monthly” subscription is priced at just £15 (plus VAT). That is a very reasonable cost for a tipster service. Something worth keeping in mind however is that “monthly” here actually means every 28 days. As such, you will pay this 13 times in a year.

Because of the “monthly pricing”, the value increases more than it may seem with the quarterly subscription costing you £42 (plus VAT) for 90 days. The best value for Gold in the Hole, of course, comes with the longest subscription. And resultantly, the highest outlay. This is a 6 month subscription which is priced at £71 (again, plus VAT).

What is worth keeping in mind is that if you want to go for these longer subscriptions, there is no real money back guarantee or refund period inf place. Betfan say that they do review refund requests, however, these are rarely granted.

What is the Rate of Return?

I’ll be really honest here. At the time of writing this, Gold in the Hole is operating at a loss. It is a good few points down and there isn’t really a lot of coming back from that. Of course, that is also what you’d expect from a service like this. As such, I don’t necessarily see that loss as the worst thing. It certainly isn’t a dealbreaker. Nor if I’m honest would another month of losses be.

I know that all of that sounds incredibly counterintuitive, but it is all about how much you can potentially earn with Gold in the Hole. A single long shot golfer placing will easily see you take home more than 20 points. A win from them would easily offset a losing month. And if those doubles come in that Betfan mention, the potential is mind blowing. But of course, all of that is academic until it actually happens.  

Conclusion for Gold in the Hole

What do you say about Gold in the Hole? There are effectively two very different questions here that need to be answered, and they both have very different outcomes. Would I recommend this based off current results? Absolutely not. Any service that launches at a loss is always going to be a cause for concern. But it is also incredibly naïve to draw the line there. Because it could change at any second.

What I think that you really have to measure when you’re looking at Gold in the Hole isn’t what it is here and now. To see the worth here you have to look at what it could be in a week, a month, a year? I know that I often espouse thinking long term but there has to be a line drawn in the sand somewhere though, right?

I know, I know. I’m not really answering anything here. But that is because it is a very difficult thing to say. There are probably a very small number of people with incredibly deep pockets who will love what Gold in the Hole can bring them. Let’s be honest, who doesn’t love the idea of a 500/1 outsider winning a tournament on an each way bet. All of a sudden, your £10 stakes have returned £6,000. It can be jubilant.

But you have to keep sinking those stakes. You have to keep backing every single bet and watch your bank dwindle. And make no mistake about it, Gold in the Hole is a service where you have to back every single bet. There will be no off days.

At the moment, this is all very new. The results are… well, they’re in line with what I’d expect from something like this if I’m honest. But it isn’t in Betfan’s interests to market a service as a loss.

When a win lands though, you will see this everywhere. Because that win can potentially turn a full year of profit. Which is why you have to back everything. If you miss a 6/1 runner on the horses because you took a day off, chances are you’d just be close to breaking even. That isn’t the case here. So, you have to just keep betting.

I know that I’m reiterating this, but it is really important to paint an accurate picture of what you are getting into with Gold in the Hole. It is a lot of hard work and dedication if you want to get the most out of it. Can it be worth it? Only a bit more time will tell that. But here’s what I think I can fairly say. Here and now, I don’t think I’d recommend this for most serious bettors.

It’s absolutely a service that is worth keeping an eye on. And Betfan will make you feel like you’ve missed out when that big win comes in. But think about how much you’d have lost waiting for it. Really balance that out. If you can afford it and have the patience. It might be worth a shout.

But there is one final thing that I want to mention in terms of the possibilities of Gold in the Hole. And it is a bit of a last minute thought. This might suit a casual punter. If you like watching golf, £15 for 4 weeks of tips isn’t bad. If you’re just sticking 50p a point on, you aren’t losing too much real world cash, and you can get a decent return. That excitement may suit somebody who takes their betting less seriously.

Does that change my overall views? Absolutely not. I would really want to give this time to see how it all averages out. But if you purely want the thrill of a big win, and you’d be betting on golf anyway? Well, this may make your weeks much more exciting, all for £15.

 

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