Goldman Racing Review – Bet Social

Goldman Racing is a new to market horse racing tipster service that is being offered through the Bet Social stable of tipsters. Selections come courtesy of tipster David Goldman who has taken an approach to betting that can work for everybody.

Introduction to Goldman Racing

One of the bigger issues that you can face when it comes to betting and tipster services is just the huge amount of variance that exists. I recently looked at a service that to BOG had produced something crazy like 500 points in just a few months. Truly incredibly stuff. If you hadn’t got those BOG and had bet at industry start prices, you’d have lost 100 points in the same period of time. Same bets, same selections, and a 600 point swing. But how do you make something that works for everybody?

Well, if you’re David Goldman, you create Goldman Racing. A tipster service that, whilst still in its infancy, has performed with an admirable consistency. Importantly though, it has performed this way using BSP. This means that the results are theoretically attainable for everybody. Whether you are placing the bets manually or using software to set up the bets in the morning, everyone can achieve the same results that Bet Social show off. And whilst this should probably be the minimum expectation for a tipster service, it is rarely something that happens.

Honestly, it has been a while since I’ve been properly excited by a tipster service. And there are still some concerns about Goldman Racing, but David Goldman seems to really know his way around. Adding to this, Bet Social aren’t asking (entirely) extortionate amounts for this either. In fact, with some of the longer subscriptions, I would even go as far as to say that there is value for money to be had if you don’t mind paying the slightly more significant outlay. So, with all of that said, let’s get into it and see if this warrants the excitement.  

What Does Goldman Racing Offer?

One of the things that immediately stands out to me when I look at Goldman Racing is that this very clearly isn’t your typical “knock out bets” type approach. There is a lot of inherent variance to the service and that is something that I welcome. It means that, at the bare minimum, David Goldman isn’t using some simple “if x then y” cookie cutter system. Some of these things do however impact other elements of the service, as I will explore.

First things first, let’s talk about the management side of things. This is an area where Bet Social tend to be pretty good, and this is apparent in Goldman Racing. As are the first few sniffs of that varying nature that I was just talking about.

So, Goldman Racing isn’t a daily tipster service. Honestly, pretty far from it. There are frequent gaps in when selections are available, sometimes of several days at a time. Whilst this is the kind of thing that you can easily perceive as being a negative, it only reinforces the idea that David Goldman isn’t just knocking out selections for the sake of it.

As is typical for most tipster services in this day and age, selections for Goldman Racing` are sent out directly via email. These are typically made available before 10am giving you plenty of time to get your bets placed or set up. But that isn’t the only way that you can receive selections. Bet Social also offer David Goldman’s tips through the Telegram App.

For those of you who may not be aware of what this is, it is a group messaging app that is reportedly the fastest way to send and receive messages. Importantly, if you’re following Goldman Racing, what it means is receiving instant notifications as tips come through. This means that you can act on the quicker than if you were email based, more importantly though, there is no chance of missing bets because your inbox has over 150,000 emails in it…

Now, let’s talk a little bit about those tips. I have said that David Goldman doesn’t tip every day, but that doesn’t mean that Goldman Racing is a low volume affair either. Bet Social’s proofing shows 126 bets placed over some 4 months. That averages out a little over one a day which is manageable enough. But you have to keep in mind that some days you might have as many as 4 selections. This isn’t something that is necessarily problematic. But it is something to keep in mind.  

In terms of the actual bets that you will be placing, Goldman Racing is concerned with simple back to win bets. These cover a significant rage of odds from as much as 12/1 all the way down to slightly above evens (to BOG). But when you look at the BSP Odds, they drift quite a lot and range from 40.00 to… well, the odds at the bottom end are very similar. But it does highlight just how much more profit potential there is.

Another thing that I like about Goldman Racing in terms of that variance is that David Goldman has a pretty solid looking staking plan. He advises staking anywhere from 1-3 points on a bet. These are typically distributed depending on the odds of the bets in question with shorter odds tending to favour higher stakes. Obviously this does have some impact on the results (and I will explore that a little later), but it is ultimately a staking plan that makes sense to me.

All of this is set against the backdrop of a strike rate that Bet Social show as some 41%. For average odds of 6.62 (to BSP), that is a bloody impressive number really. Especially considering Goldman Racing isn’t made up exclusively of wins at lower odds whilst those bigger bets end up losing out (something that you see frustratingly often). 

How Does Goldman Racing Work?

One of the things that I like about Goldman Racing is that Bet Social are quite upfront about David Goldman, who he is, what he does, and how he finds bets. This starts with a statement from about how he has had experience as a trader in London. A profession that he still keeps up with, albeit on a personal basis. Importantly, we are told that in 2005 he started to turn his attention to sports betting with a focus on horse racing. So, there is apparently considerable experience there.

More specifically, and in terms of the betting itself, we are told that David Goldman has “access to a mix of highly significant statistical data analysis and an extensive list of invaluable contacts throughout the industry”. Seemingly both of these elements are leant on in finding selections for Goldman Racing. Of course, this kind of thing is dragged out a lot with tipster services. Vague implications of what is going on. But here’s the thing, I can believe this statement here.

The fact is that you only have to look at how David Goldman and Bet Social operate this to see that it isn’t being run by some clown who is just looking to knock bets out for the sake of it. There are too many tipsters who don’t seem to show any selectiveness with their bets, and yet that is something that Goldman Racing seems to relish. And there is the interesting part that most tipsters aren’t advising horses whose odds lengthen before the off. Especially not for a profit.

Combine all of that with the incredibly comprehensive proofing that Bet Social provide and I think that it’s fair to say that no matter how you want to look at it, you come into Goldman Racing with at least some idea of what you are getting yourself into. Of course I’d like to know more about how selections are actually being found, but under the circumstances, I think a decent enough job is done.  

What is the Initial Investment?

If you want to sign up to Goldman Racing then there are three different options available, all of which vary drastically in terms of both the costs, and the value that can be had. The cheapest option is a monthly subscription. This is priced at £45 per month with your first month available for just £22.50 (at the time of writing).

There is significantly better value to be had from a quarterly subscription. This is priced at just £90 per quarter, effectively giving you a free month. At the time of writing, there is also an offer on this too that gives you your first 3 months for just £45. But the best value for Goldman Racing, irrespective of whether there is an offer, is a 6 month subscription. This is available for a one time payment of just £95.

It is worth keeping in mind that Bet Social don’t actually offer any sort of money back guarantee or refund on their products and services. This of course applies to Goldman Racing as well. As such, whilst there is substantially better value to be had in those longer subscriptions, you are very much tied down if you aren’t happy with them.

What is the Rate of Return?

At the time of writing this, Bet Social have been proofing Goldman Racing for just 4 months. In that time, the service has made a profit to BOG of 289.93 points. That is bloody impressive. Not quite as impressive as the 357.3 points that have been attained to BSP though. Which of course means not just more money, but also no account restrictions or closures if you start to win too much money.

Now, I will concede that the multiple point stakes do increase these numbers a bit. And in the interest of fairness, I can tell you that the average stakes of 2 points mean that you could effectively half these numbers if you were betting to level stakes. But you’re still looking at hugely impressive results. For real context on this, you only need to look at the ROI for Goldman Racing which stands at 109% to BOG and 134.32% to BSP.

Conclusion for Goldman Racing

At the start of this review, I said that I was excited by the prospect of Goldman Racing. And I am still hugely excited by that. But they key takeaway here is prospect. This is still a service that is in relative infancy, and there is huge potential for the results to change. Let’s not forget, ultimately, Bet Social are a business. They will always launch products off the back of strong runs, and that is evident here.

Using BSP as a guide, David Goldman made 325.62 points of profit with Goldman Racing in the first 3 months. November currently sits at about 32 points. That is a drastic drop off in results. The strike rate has dropped as well going from 40+% per month to just 32%. Again, quite the drop.

Now, there is always the possibility that Goldman Racing will continue in that previous vein. I really do believe that David Goldman has a decent approach behind all of this and that the results will likely continue to produce those strong profits. But if we’re being realistic about it, that does involve taking on some risk. Of course, you do that with any tipster service, but it is very apparent here.

There is also the small fact that if you aren’t willing to commit to Goldman Racing, it is pretty expensive. I don’t think that Bet Social are asking anything prohibitive. £45 per month is about the top end of what I would consider to be about “average” for a tipster service. But when you can pay a little over twice that for 6 months, it is clear where the sales funnel wants you to end up. The problem being of course, 6 months is quite a long time.

But here’s the thing, I think that I would still say that this is worth some consideration. I know that £95 isn’t cheap. But it isn’t ridiculous either. For that, you get a service that is currently four for four in terms of profitable months. A service that won’t impact your betting accounts (something that some people will be really happy about). Importantly though, it is a service that has produced several 100 point months. Those are rare as hens teeth.

With that said, I don’t think there is anything wrong with taking a step back with Goldman Racing. The results David Goldman has produced tells me that Bet Social aren’t exactly going to be lining up to drop this from their roster. You can easily give this a few months, just to see how the performance is over a longer period of time, with a bigger data sample. That really isn’t unreasonable.

Whether you are looking to be an early adopter or not, this is an interesting and exciting service. There are still reasonable doubts about how Goldman Racing will do long term. But this is definitely one to at least keep half an eye on for the future. Because it is a very hot prospect indeed.

 

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From: Simon Roberts