Racing Diamond is a horse racing tipster service which is operated by the Premium Sports Tipsters group. It claims to have generated a massive amount of income, all starting with a relatively small betting bank.
Introduction to Racing Diamond
Let’s be honest for a minute. Betting on horse racing can feel like a slog. Especially if you prefer to try and back value horses which (inevitably) have longer odds. I can’t speak for everybody here, but it can be painful watching your betting bank keep shrinking whilst you wait for one of those 8/1 horses that have been “undervalued” to land.
So, how do you go about solving this problem? Well, I suppose that one way of approaching the matter is to do what Premium Sports Tipsters appear to have done here. And that effectively means backing multiple horses in the same race. Now, I want to point out here that I am positive that they would say Racing Diamond is more than this, but I’ll talk about this over the course of this review.
What I categorically will say, is that they are suggesting that in a little over 18 months, you could go from having a £2,000 betting bank to a 3 Bedroom Terraced House in Manchester. And that is a bloody significant claim. Especially since this claim is fully proofed. Well, kind of… But we’ll get to that. So, let’s jump straight into this, as I am actually quite excited to see if Racing Diamond can deliver.
What Does Racing Diamond Offer?
Honestly, there is quite a lot when it comes to Racing Diamond. This is a tipster service that, frankly, isn’t really like anything else that currently exists on the market. And with proofing going all the way back to September 2017, there is a lot of data that you need to cover. And yet, in a number of ways, what Premium Sports Tipsters are operating here is a pretty straight forward affair.
First things first, let’s talk about what elements of Racing Diamond aren’t particularly complicated. Namely, this ends up being the logistical side of things. And here’s the thing. Premium Sports Tipsters aren’t new to this kind of thing. They have put out a significant number of tipster services and this shows. This is a smooth enough operation.
Selections are sent out directly to subscribers via email, as you would expect. They are also issued on a daily basis, although there may be the odd no bet day. Now, one of the areas where I think that Premium Sports Tipsters deserve a bit of credit is in so much as they do send out these emails the night before racing.
Now ultimately, this is something that is necessary to making Racing Diamond work. However, it does come with a number of benefits if you are a subscriber. Firstly, this later timing of dropping emails means that even if you are in a 9-5 type job, you have time to get the bets placed.
Secondly, and more importantly here, the earlier you receive selections, the better the odds that you can get. Betting earlier allows you to take advantage of the best possible odds. However, if you are aiming to get close to the results claimed, you do need to be able to back bets with a BOG bookie. Something that will implement other restrictions on users.
Moving on to the bets, this is simply a win based affair, however, that is probably about as much as you can call simple. In actuality, there are a significant number of complications that mean that this may be a struggle for you (as if having to utilise BOG wasn’t enough as it is).
First amongst these is the sheer volume of bets. Since Premium Sports tipster’s proofing for Racing Diamond starts (22/09/17) there have been 7,950 bets advised. As of the time of writing this, it means that you are looking at some 9 bets per day as an average. That is quite a significant number of bets to be placing.
Now, this doesn’t necessarily mean that you will be betting on 9 races per day. Another key element of Racing Diamond involves backing multiple horses in a given race as well. Typically speaking, this does seem to be limited to 3 bets per race, however, it would seem that there can be more or less on a given day.
In order for this approach to work, you need some pretty long odds, and to some degree, this is delivered on. Premium Sports Tipsters’ proofing shows a significant range. This can be anywhere from 2.75 (7/4) all the way to 101.00 (100/1). By and large though, you will be backing at anywhere from around 6.00 to 26.00 (5/1 to 25/1).
As you would expect with these kinds of odds, you aren’t going to win all of the time. Something that I feel is quite adequately reflected in the strike rate. Premium Sports Tipsters’ proofing shows that the average strike rate for Racing Diamond stands at just 13.26%. That is not a particularly significant number. However, in light of how Racing Diamond is operated, it isn’t necessarily a fair representation of what to expect either.
What I believe does represent this is when you talk about the losing potential here. Over the course of a single week, Racing Diamond recorded 45 losing bets on the trot. That is a lot of money to sink into a service waiting for a winner that could potentially be just 5 points. And that is even at the pretty modest stakes that Premium Sports Tipsters recommend.
If I put my hand on my hear, I am a bit conflicted about that statement of “modest stakes”. Because ultimately there are two very different sides to Racing Diamond. The first of these is the claims that Premium Sports Tipsters make about this simply being a straight forward level staking affair. All horses are backed to 1 point, and all is well.
However, in order to have achieved the results claimed, this would have involved a pretty comprehensive compounded staking plan. Now, this is made clear in the sales material, but I think that it is a bit misleading. I would also say that compounding your stakes does carry a significant increase in risk, even if it doesn’t necessarily seem to be the case.
How Does Racing Diamond Work?
Rather frustratingly, there isn’t a huge amount of information provided about how Racing Diamond actually works. Premium Sports Tipsters seem to be more than happy to leave it this way. Now, there are two elements to this that I can see. First of all, there is the selection process. This is something that we are effectively told nothing about.
About all that we are actually told is something vague about “patterns of data” and that the strategy “continuously evolves”. Of course, this doesn’t actually tell you anything really. What it does do is a fantastic job of sounding like it is giving you insight whilst ultimately, actually obfuscating information.
The other element of Racing Diamond is somewhat more straight forward seeming, and that is the general approach. Now there are two elements here, neither of which is particularly new to me. I also want to say that there is some degree of speculation here. But the first aspect is seemingly based around backing value bets. This is something that is backed up by the odds that you are betting on.
The second aspect of the strategy is slightly more interesting. Whilst it isn’t actually a Dutching strategy, there is a lot of cross over in this regard. The idea of backing multiple horses in a race in order to increase your chances of winning isn’t new. Don’t get me wrong, you don’t get the guaranteed winners of Dutching. However, backing more horses does mean that you do inherently increase your chances.
What is the Initial Investment?
There are a number of different options that are available when it comes to subscribing to Racing Diamond. Each of these come with different costs and value, however, there is a clear option that Premium Sports Tipsters are pushing.
The first option that you are able to purchase is a “monthly” subscription. This does come with the lowest initial outlay at a cost of £48, however the monthly element of the subscription is a touch misleading. You are actually being asked to pay this every 28 days which means ultimately, you will pay this out 13 times a year.
The next option is a quarterly subscription which is priced at £96 every 90 days. The clear option that Premium Sports Tipsters want you to sign up for though is the 6 monthly subscription. This is priced at just £97 for your first 6 months (with subsequent periods coming in at £177).
It is worth noting that whichever option you opt for, there is no mention of any money back guarantee with Racing Diamond. Given the fact that Premium Sports Tipsters handle payment directly through PayPal, there is little support there. As such, I would fully anticipate there being no refund policy in place for the service.
What is the Rate of Return?
Since proofing started in September 2017, Racing Diamond has produced an overall profit of 1,192.41 points. This makes for an average monthly income of some 41 points. Now, both of these numbers look incredibly impressive, as does the ROI of 15.09%, however, I don’t believe that this ultimately paints a full picture of what to expect.
You see, Premium Sports Tipsters’ proofing shows that over the last 6 months, there has been a profit of around 72 points. Meanwhile, the last 12 months show a profit of more than 500 points. This demonstrates to me that there is a huge amount of inconsistency in terms of this income. I will come back to this shortly though.
All of this pales in terms of the claimed income that was mentioned earlier though. Premium Sports Tipsters’ claim that Racing Diamond had made a profit of £134,955.74 using the compounded staking. This is something that is theoretically possible. And I will also concede that by this time, you could be looking at significantly more had you followed everything since day one. But this just isn’t necessarily reflective of real world potential.
Conclusion for Racing Diamond
All things considered; Racing Diamond looks like a decent option. It has made plenty of money, and it isn’t particularly expensive. The fact that Premium Sports Tipsters provide proofing also helps to pave the way for this being a winner, but I’m not entirely convinced that it is that simple.
Here’s the thing. Racing Diamond will undoubtedly work for some people. If you have deep pockets and you can afford to keep bank rolling a service till you have a good month, you will be fine. But there are also periods where you may face significant loss. Over December and January, you would have actually encountered a loss of 126 points. That is a betting bank wiped out.
By the same token, there have been 4 months in the last 12 that have seen profits in excess of 100 points. One of those was 194.5 points, a huge amount that is more than I have seen some tipsters make in a year.
So, it is clear to me that Racing Diamond is a very mixed bag. There are huge amounts of potential profit here, but that is also marred by the huge amount of risk that is involved. No, your position on that will vary from one person to another. Some people are happy to take on a lot of losses for those big money months, others simply don’t want to involve themselves with that. Both sides are valid.
Which brings me to the real question that surrounds Racing Diamond, at least, in my mind. And that is the concept of value. You see, I just don’t see a whole lot of it here. The fact is that what Premium Sports Tipsters are asking here is actually quite expensive. Even the best value offer (once you discount that initial special trial offer) means paying £29.50 per month.
Now if you were looking down the barrel of some consistent profits, then it might be worth paying that. But for something that can potentially lose you a huge amount of money, I just don’t quite see how this adds up to something that is worth the investment. Especially in the face of some much better value products elsewhere.
With all of that in mind, I don’t think that I would realistically recommend Racing Diamond. There is a certain kind of bettor who may do well off the back of this, but those people are very much in a minority. For most readers though, I genuinely believe that this just carries far too much risk.