Place Win Bet is a horse racing tipster service which is operated by an unknown tipster. They do however claim to be able to provide some quite substantial profits through horse racing betting.
Introduction to the Place Win Bet service
I am a long time proponent of methods of betting that can mitigate risk. As I’ve talked about a number of times before now, I feel that consistency is one of the most often overlooked things when it comes to betting, especially if you are starting out and have a smaller betting bank.
Place Win Bet is a service that can seemingly deliver this. After all, this is a service that boasts “Huge Tax Free Profits & Four Winning Months From Four!!”. Furthermore, place betting is something that it seems must logically improve your odds of winning, and Place Win Bet is all about that. Let’s see whether it is actually any good though.
What Does Place Win Bet Offer?
Fundamentally, Place Win Bet is a very straight forward tipster service. There is little in the way of flourish and excess (with one exception that I will cover in detail). As such, this means that the way it is operated is equally straight forward.
Each day, you can expect to receive the selections which have been identified through the Place Win Bet system. These are typically sent out to subscribers by 10.30am on the day of racing. Whilst there may be no bet days, you can at least expect to be notified of this.
Now, moving on to the bets themselves, Place Win Bet is a place betting service. This is a bet type that most bookmakers do not offer and as such, you will need an account with a betting exchange.
Betfair is arguably the best choice as there is more liquidity in the markets, however place betting is popular enough that you could probably consider other examples. Now, this is not necessarily a high volume service with around 1 bet per day on average. Proofing for Place Win Bet is all to BSP however as is always the case with betting on exchanges, there is potential to increase the profit from Place Win Bet with savvy betting.
Moving back to that detail of potential “excess”, I want to talk about the staking plan that is in place for Place Win Bet. At the start of each month, it is recommended that you have a betting bank of £1,000 in place.
From here, you should then be staking a rather eye watering 10% on each bet advised (scaling up and down as your betting bank increases). One a decent winning streak this can mean substantial profits, however should Place Win Bet encounter a losing streak (which it has before) you can lose money just as quickly with this approach.
Based off the proofing provided for Place Win Bet, the strike rate for the service should stand at around 78% since December. That is a very respectable figure indeed, even when you factor in the fact that this is a place betting service. Because of the staking plan that Place Win Bet uses though, I can’t see this as more than a smaller part of a much bigger picture.
How Does Place Win Bet Work?
Rather unfortunately, we are provided with no information at all about what to expect from Place Win Bet. What I mean by this is that the tipster who is behind the service does nothing to explain how he finds the horses to back. There is full proofing provided which definitely goes some way to providing context and allows for you to manage your expectations. None the less, I would have liked to have at least some understanding of the process.
The fact of the matter is that I don’t consider it to be unreasonable for a consumer to be able to make an informed decision. Especially when it comes to something like place betting as there is an argument to be made that there is more chance of random choice maintaining a positive trend.
That isn’t to say that Place Win Bet is based around guess work, and I don’t believe that it is. With that being said, I do still believe that you should have more information for Place Win Bet than you have. Especially at the costs involved.
What is the Initial Investment?
There is only one option if you want to subscribe to Place Win Bet and there is no getting around the fact that it is a tad on the pricey side. The tipster behind the service is asking for £15 per week in order to receive tips, however, this is charged at a cost of £60 per month. This payment is handled directly via Paypal and there is no money back guarantee in place for Place Win Bet or any trial period either making it a service that you should be willing to commit to.
What is the Rate of Return?
According to the proofing for Place Win Bet, the service has indeed provided consistent profits for 4 months. These profits are pretty respectable as well with profits in excess of £1,000 on 3 of those months.
More specifically, had you followed Place Win Bet since October, you would be looking at a profit of some £5,600 at the time of writing. That is a very impressive number all things considered, however I believe that it has to be placed into the context of stakes of around between £100 and almost £300 on occasion. This level of betting may not suit everybody.
Conclusion on Place Win Bet
It should come as no surprise to anybody that compounding your winnings can increase your profits.
There are however issues that can arise when you are compounding your winnings and that is pretty squarely where I have landed when it comes to Place Win Bet. There are some undoubtedly strong results which have been generated according to the proofing for the service. But these are heavily based around that notion of compounded bets maximising profitability.
One of the things with compounding is that there is a degree of risk if things go wrong. For example, the tipster behind Place Win Bet has a highest losing streak of 5 bets.
That isn’t necessarily a huge dent if you are already in profit, but if you have a bad run at the start of the month, you are down to much smaller stakes and there is no real coming back from that. All of this is academic of course, because until it happens, it doesn’t really matter. I do however think that the sales material for Place Win Bet skips over this degree of risk quite substantially.
So, Place Win Bet is probably profitable (I am pretty sure that this is a genuine service) and if you a re willing to commit to the staking plan then there is definitely money to be made. The big question for me though is one of value.
Place Win Bet is £60 per month and that is quite a lot of money for a tipster service. The results are strong, but there are very valid questions that can be asked about whether they are strong enough. For example, I could easily see other products generating much more profit with the same staking plan.
Personally, I am not entirely sold on Place Win Bet.
That doesn’t mean that there isn’t any merit to the service. In fact, there is an argument to be made to the contrary. For me, it is all about that value for money. Place Win Bet is a little more than I typically aim to pay and I would be more inclined to get a horse racing tipster and a football betting tipster and apply similar principles.
If handled the right way, you could very well make more profit than using Place Win Bet alone, without spending any extra on a month by month basis.