Racing Income Pro is a new to market horse racing tipster service which is operated by Peter Wright. He claims to have generated a very substantial income through betting over the last 12 months.
Introduction to Racing Income Pro
I have said it a number of times now, but for those of us involved with the betting game, the bottom line is usually everything. We are all here to make money, and let’s be honest, the more the better. Especially if the same amount of work is required. With that in mind, when I received word of Racing Income Pro, it was hard not to look at a claimed income of almost quarter of a million pounds in a year.
Peter Wright is making a very bold claim there and if it is true, then it would undoubtedly make for probably the most profitable tipster service currently on the market. That seems like a pretty big if though, and based off my historic experience, this may not end up delivering. None the less, let’s have a look at Racing Income Pro and see just what is what here.
What Does Racing Income Pro Offer?
With so many fantastic claims made, it is quite difficult to know where to begin with Racing Income Pro. Fundamentally though, it appears to me as though what Peter Wright is offering is actually a pretty typical example of a tipster service. It is a daily affair with selections being issued to subscribers each morning, directly via email.
All that you supposedly have to do is place your bets and collect your winnings. All in all, it is suggested that using Racing Income Pro will take you between 5 and 10 minutes per day, however from what I have seen, there are some questions around pricing of odds. As such, I would say that Oddschecker will serve you will if you decide to follow Racing Income Pro.
In terms of the bets that are advised through Racing Income Pro, I am yet to see anything other than straight forward win bets which isn’t the worst thing in the world. The volume is reasonable enough with most days appearing to produce just a handful of bets. One thing that I want to touch on is the odds that are involved.
I haven’t seen huge samples of data, however it seems that the range is rather middling with the higher prices being the odds that seem difficult to obtain. Peter Wright doesn’t really address this element of Racing Income Pro, and as such, it remains a strong point for concern.
Moving on to other things that Peter Wright doesn’t really address with Racing Income Pro, there is no staking plan in place for the service. This is a fact that I find to be particularly concerning given the nature of the claims of income. As I will explore in greater detail, all of the claims are in pounds and pence.
Whilst this does give most people a better idea of what they can supposedly expect from a service, in the case of Racing Income Pro, it only seeks to exasperate a situation. With no staking plan, there is no real context for the results and that is definitely problematic in my opinion.
Finally, I want to talk about the strike rate for Racing Income Pro. This is one area where Peter Wright is informative and resolute. We are told that the service attained as strike rate of between 60% and 70% for the last year. This is a pretty substantial claim, however what really stands out to me are two different points.
The first is that there is no real evidence or proofing to back this up for Racing Income Pro. The other more pressing issue is that is a very wide margin. I could understand “around 65%”, but a 10% range is substantial and raises a lot of questions about Racing Income Pro in my book.
How Does Racing Income Pro Work?
How Racing Income Pro works is actually one of the more interesting and also concerning elements of the service. Whilst Peter Wright is selling the service, he isn’t actually the tipster who is behind it. Supposedly, Peter Wright was looking at different ways of making a passive income after watching a vide on the topic.
After trying things like affiliate and internet marketing (an irony in and of itself that I will pick up a little later), he says that he was introduced to the concept of tipsters and making money through betting.
After a lot of searching for a tipster that is profitable, we are told that he stumbled across Racing Income Pro with selections coming from Frank Picard. We are told that Frank Picard has 30 years of experience in the equestrian industry, and as such, has access to a lot of inside information on which horses are likely to win.
Information that for the last few years, he has been leaking.
This was the backbone of Racing Income Pro when Frank Picard was running the service, and it is now supposedly the same now that Peter Wright is selling it and running things. Outside of this, we aren’t really told much more and honestly, I find that slightly concerning.
What is the Initial Investment?
Supposedly, the actual value of Racing Income Pro stands at £599.99 per month. Of course, that number seems ridiculous. And when you consider that Peter Wright is actually charging £24.99 per month (plus VAT) for Frank Picard’s tips, it becomes apparent that this is little more than a lazy marketing technique.
As is the claim that this pricing will supposedly only be open to 30 customers. It is worth noting that the £24.99 per month option is the only one that is available and that there is a full 60 day money back guarantee in place. This is provided through Clickbank whom Peter Wright is using to handle payment for the service.
What is the Rate of Return?
I mentioned a quarter of a million pounds per year as being the supposed income potential for Racing Income Pro and that wasn’t a flippant number. Peter Wright specifically claims that he made £248,402.23 over the last year (but at those kinds of numbers, who’s splitting hair over a grand and a half?) following Frank Picard’s advice. The headline for Racing Income Pro is in line with this with claims of £2,000 – £5,000 per week. All of this is backed up by a number of (highly questionable) “testimonials” from users. I am not sold on these however.
Conclusion on Racing Income Pro
There are a lot of things that stand out to me as particularly questionable with Racing Income Pro. The most obvious place to start is that which is the initial draw and that is the income potential. £248,000 per year is a massive amount of money that is far beyond what most people will make in five years, never mind one.
In and of itself, this figure isn’t necessarily impossible, but it is highly implausible. The best case scenario I can come up that retains any degree of believability is that to £500 stakes, you would be looking at a profit of 496.8 points over the course of a year. That is just on the realms of possibility, but not enough for me to buy it.
Looking at the wider service, we are told that Peter Wright is running the service, however selections come courtesy of Frank Picard. An unseen partner who we are supposed to trust is genuinely in a position to leak insider information.
Let’s be honest here, this is exactly the kind of unsubstantiated claim which can be made that sounds impressive. If you start talking about form and statistics and don’t understand what you’re talking about, you can quickly trip up. Insider information however is much easier to get around.
On top of these quite substantial things, there are also claims that I find to be equally unlikely, albeit smaller in stature. For example (and I have already touched on this), the claims of the service being limited in terms of customers and a substantial discount. Both claims that are entirely unprovable, but sound great. The strike rate which has a strange range is another.
All of these things would be reasonable enough if there were any evidence to back them up. What we are given is a massively sketchy “screenshot” of a betting bank and one of a “Twitter Feed” that shows people talking positively about the service. None of these are even close to concrete. I have quoted Carl Sagan many times, but it bears repeating in the case of Racing Income Pro. Extraordinary claims requite extraordinary evidence. There isn’t even basic evidence to back up Peter Wright’s claims and that is ultimately the problem here.
With this in mind, I can see how £25 per month looks reasonable for Racing Income Pro, but honestly, I just don’t see there being any value here.
If something can deliver, then it is worth paying for, but not paying a lot for a service that is entirely unproven just doesn’t seem like a sound investment. All I can see in the long term with Racing Income Pro is losing money and until Peter Wright is able to demonstrate otherwise, I don’t see anything to recommend.
