Racing Methodology is a long running horse racing tipster service which is being offered through the Tipster Street platform. It seems to offer a consistent second income for subscribers.
What does the product offer?
I always like a tipster service which is willing to get straight down to business and Racing Methodology definitely doesn’t disappoint in this regard. In fact, Tipster Street have arguably the least to say about their service that I have ever seen with the closest thing to a headline stating that “Racing Methodology has been tipping for over three years with good success”.
We have reviewed this service before, but I wanted to take a second look.
Importantly, this claim is entirely factual as is demonstrated by the plentiful evidence provided by Tipster Street. I am quite eager to look at this one, so let’s get stuck in and see whether Racing Methodology is able to deliver.
The first thing that I want to talk about with Racing Methodology is the logistics.
The service is a daily horse racing tipster service and selections are issued directly via email. The information that comes with the bets is enough to ensure that you know what to back, however it is not as detailed as some.
There are typically just one or two selections advised per day. All of this is in line with what you would expect from most tipster services, however it is about the only area where Racing Methodology does conform to standards and this is by no means a bad thing.
What is Racing Methodology?
With all of this covered, let’s look at where Racing Methodology stands out. First of all, whilst there may be just one or two selections each day, there are more bets than this. This is because all bets that are advised by Tipster Street are supposed to be backed both to win and to place. It is very important at this point to highlight that I am not talking about each way bets, as I will get to.
This does mean that you will need an account through a bookie that allows place bets (of which there are very few), or an account with a betting exchange. As always, Betfair is the preferred option due to the liquidity of its markets.
I mentioned earlier that it was imperative not to treat Racing Methodology as each way betting and this is where the staking plan comes into play. For each selection, you are supposed to stake 1 point on the horse to win, and 2 points on the horse to place.
This makes some sense to me when you start looking at the results as it allows for a much more stable betting bank in the long term.
Keeping with the importance of numbers, I want to address the strike rate. This stands at 31% for the win bets which I believe to be a very reasonable figure. Factor in that the place bets will be more than this and you have a pretty healthy looking service in my book.
How does Racing Methodology work?
I have been very positive about Racing Methodology so far and this is with good reason. Tipster Street are very data centric and frankly, it is a refreshing change to not be sold some crap story about a jockey with top contacts on the inside, an ex-bookie gone rogue or a computer whiTipster Street who has “cracked the betting code”.
That having been said, I also have to count it against them a little that we are given no insight into what the selection process entails. There are plenty of historic results and I will admit that this is a positive, but I have always maintained that as a consumer I should be able to make an informed decision before purchasing a product.
What is the initial investment?
There are a number of different options available for those who want to subscribe to Racing Methodology. The first of these is a monthly subscription which costs £19.95 per month. The next is a quarterly subscription which represents substantially better value at £29.95 per month.
I should also point out that Tipster Street offer a 30 day trial with both of these options which costs just £4.99. The final option for Racing Methodology is a bit different in that it provides access to Tipster Street’s VIP club.
This allows you to access selections for all of their services. This is by far and away the best value on paper, however I will not be considering it for the purposes of this article.
What is the rate of return?
Since January 2016, Racing Methodology has made a profit of 406.55 points.
I have to hold my hands up and say that there are definitely more profitable tipsters out there. I also feel that it is important to highlight the fact that whilst this does work out at an average profit of 7.97 points per month, there have been 18 losing months to 33 winners. All of this accounts for an ROI of around 7%.
Conclusion on Racing Methodology?
If I have one major concern about Racing Methodology it surrounds how profitable the service is. There are a lot of positives here and I will not deny Tipster Street their light in this regard.
The profits are definitely consistent in the long run. It is something that I often overlook, but it is also hard to ignore the fact that Racing Methodology has made a profit. There are a lot of tipster services that don’t even get that far. On top of this, everything is achieved for a fantastic price if you opt for the quarterly subscription. This is all very good.
The problem with good is that it is subjective.
The bottom line for Racing Methodology is around 8 points per month. This means that in order to make this even begin to be worthwhile, you need to stake £20 per point which happens to be what Tipster Street recommends (which would produce an average monthly yield of £159.47 per month).
For January of this year though, that would mean staking £2,100. This is quite the disparity and whilst it is not as much as some services I have looked at before, it does highlight the costs involved.
This brings me onto the bigger picture and that is how Racing Methodology compares with the rest of the market. Taken solely on its own merits, I don’t think that it is a bad product. It is profitable, makes a profit and if you have a 100 point betting bank, it should tick over reasonably in the long run.
By paying a little more on your subscription fees though, you could make your money work so much harder for you and that is where Racing Methodology really falls down for me.
On those grounds, I don’t think that I can really recommend the service which is a shame because ultimately, it isn’t bad. It just falls into the all too often seen realm of not being good enough.