Racing Diamond is a new to market horse racing tipster service which is being offered by the Premium Sports Tipsters group. They claim that the service has produced some hugely substantial profits from a relatively modest betting bank.
Introduction to Racing Diamond
There are a lot of different ways of measuring the success of a tipster service, almost all of which are ultimately monetary. Let’s be honest, if it isn’t making money, isn’t worth sinking your money into.
The way that Premium Sports Tipsters claim that Racing Diamond has been successful is definitely interesting. Their claim is that ultimately, they have been able to turn a £2,000 betting bank into a £134,000 on in 19 months.
That is a direct quote taken from the headline for the service (referred to as “The Jewel in Your Betting Crown”). This is a massive amount of money and as such, I am keen to see whether or not Premium Sports Tipsters can realistically come close to delivering on this claim. With that in mind, let’s jump straight into Racing Diamond.
What Does Racing Diamond Offer?
At a first glance, there doesn’t seem to be a huge amount that stands out about Racing Diamond. It’s seemingly a relatively straight forward, albeit somewhat high volume tipster service.
When you start to look a little closer at Premium Sports Tipsters’s proofing though, there are a number of little idiosyncrasies that I want to talk about. Just building on the high volume nature of Racing Diamond, it is entirely possible to see more than 15 bets in a given day (with an average of around 10 or 11 per day).
What is particularly standout here is that Premium Sports Tipsters are advising multiple bets on a given race. To me, this is exactly why they are able to claim average odds of 11.73 (to BOG). If you are backing multiple long shots in a race, then it stands to reason that you will have high average odds.
In terms of what you can expect from Racing Diamond, this is your pretty standard fare as far as tipster services go.
Selections are issued directly to subscribers via email. They are however sent out by Premium Sports Tipsters the evening before racing which provides some bonus points. It also puts you in a position whereby you are able to get the best possible odds for selections. This is something that is important with any tipster service, but as I want to explore, due to the nature of Racing Diamond, it is very applicable here.
There is a staking plan of sorts in place for Racing Diamond, however I will say that it isn’t anything that is sophisticated. Premium Sports Tipsters recommend that all horses are backed to straight win bets, at level stakes of just 1 point. This bodes particularly well given the claimed profitability of the service surely…? I’ll come back to that.
What is important to factor in if you want to follow Racing Diamond however is that you will require a substantial betting bank. This is recommended to be 200 points, and based off the historical results, there is a seemingly small potential that you will need the full extent of this.
Finally, I want to talk about the strike rate. Now, the nature of Racing Diamond means that you can’t really come into this with high expectations. Premium Sports Tipsters are backing multiple horses per race which means that immediately, at least half of all bets will be losers.
Realistically, this will be closer to a third as a lot of races back three horses. Factor in the longer odds and you have something where you really shouldn’t expect a lot in this regard. In spite of all this, I find that a strike rate of 13.76% is seemingly quite good given the nature of the product we are dealing with here.
How Does Racing Diamond Work?
The actual details of how Racing Diamond works is an area that Premium Sports Tipsters are very keen to overlook.
There is a lot of (what I would refer to as) marketing narrative. They say that their story isn’t one of “being involved with horse racing since age 10 or backing Red Rum at the Grand National”. Instead, they say that after losing a lot of money betting, they learnt the lesson that “dedication, discipline and selectivity are the fundamental keys to betting success”.
From there, we are told that the team spent a significant period of time dissecting their approaches and ultimately “noticed certain patterns of data that won over time, in fact, time and time again”.
What they don’t really say is what kinds of factors these patterns look at and as such, you are forced to come into Racing Diamond blind. This is somewhat problematic in my book as I like to know what I am getting into. There is arguably some mitigation in so much as
What is the Initial Investment?
There are three different options that are available if you want to subscribe to Racing Diamond. The first of these is a “monthly” subscription which is priced at an “ultra low” £48. It is worth noting however that this is actually every 28 days and so you will pay this 13 times per year.
The next option is a quarterly subscription which is priced at £96 for 90 days. Finally, Premium Sports Tipsters provide an option of subscribing to Racing Diamond for 6 months. Your first 6 months are priced at just £97, with the price then going up to £177 after that.
It is worth noting that payment is processed directly through Paypal, as well as the fact that Premium Sports Tipsters don’t offer any money back guarantee on their tips.
What is the Rate of Return?
I want to come back to that headlining figure of £134,000 that really sells Racing Diamond. Now in theory, this is what you could have made, however it is important to note that Premium Sports Tipsters have generated this number based off compounding, a fact that is rather briefly mentioned given the impact that it has on the claimed result.
The actual points profit stands at 1,066.61 points to BOG, 629.79 points to BSP and a 330.57 point loss to SP. If you weren’t to compound your stakes, this would mean a much less impressive profit of £10,666 over almost 2 years.
Conclusion on Racing Diamond
I like to try and be frank and concise when it comes to wrapping up these reviews, and I will do the same with Racing Diamond. Do I think that making £134,000 is actually close to attainable? The short answer to that is a resounding no. I just mentioned the fact that this figure is based on compounding, and it is no big secret that this can make any number seem incredible.
Honestly, I can think of a number of different services that would be £1,000,000 up if they used an aggressive compounding plan, but by and large, they are not particularly stable.
With that out of the way, I can turn to the more realistic results of 1066.61 points of profit as a way forward. That is a more workable number that is still quite respectable. What is much less workable is when you start to look at the BSP and SP results.
If you have restrictions or bans with bookmakers, then you are looking at leasing more that £2,000 per year (based off £10 stakes) to bet to BSP and that is a lot of money to lose, especially when you factor in what you are paying for Racing Diamond.
This brings me to what I consider to be by far and away the biggest problem with Racing Diamond, and that is what Premium Sports Tipsters are asking for the service. £48 per month, is a lot of money. Except, you are actually paying that 13 times per month which makes it even less so.
Whilst there may be better value to be had on the longer subscriptions, not everybody wants to commit up to £177 for 6 months. Especially if you are one of those people who aren’t necessarily able to obtain BOG day in, day out.
Keeping all of this in mind, I am not necessarily inclined to recommend Racing Diamond. I don’t think that it is an inherently bad tipster service. In fact, the results show promise, but it is expensive. And for £48 per month, there are a number of alternative services that are cheaper and potentially as profitable.
If you have absolutely no restrictions on your betting accounts, then the decent monthly averages can start to look appealing, however I also want to highlight the fact that whilst there have been some pretty strong historic results, Premium Sports Tipsters’s proofing shows that both June and July (at the time of writing at least) are running at a quite significant loss.