Serious Betting Club is one of the Betfan group’s newer products that is being sold through Tipster TV. It is a service that is offered on a pay as you win basis.
What does the product offer?
As you can imagine, Betfan have put a lot of hype into the copy for Serious Betting Club saying that the service is for “Power Bettors” who they say are both “serious and sensible”. In terms of what you can expect, Serious Betting Club doesn’t operate like a lot of tipster services which is down to the nature of payment (something I will get to later). Selections are incredibly low quantity with Tipster TV’s proofing showing that since November 2015 there have been just 13 bets averaging just over 3 per month.
The bets that Serious Betting Club advise of are all straight forward win bets (to date) with stakes that are usually set at 5 points per bet (although this number does occasionally fall). You would very easily be forgiven for thinking that Serious Betting Club would have a decent strike rate given the fact that you are dealing with exclusive tips however this actually stands at the relatively low strike rate of 69.23%.
How does the product work?
Tipster TV say that all the selections that Serious Betting Club puts out come courtesy of a number of different contacts that they have in within the horse racing industry. These so called “powers behind the club” are shrouded in mystery, so much so that naming them would mean “vital information suicide”. This means that Serious Betting Club is built on insider information which sounds great but does raise some concerns.
What is the initial investment?
Serious Betting Club is pay as you win with Tipster TV charging £20 (plus VAT) for each winning bet that they send you. Whilst this method always sounds cheaper, in the long run it can very quickly start to add up, for example for the 13 bets that have been sent out you would have paid £192 meaning £40 per month on average.
What is the rate of return?
Since Launching Serious Betting Club has produced an overall points profit of 122.25 points. It is worth keeping in mind however that to £10 per point stakes (which means £50 per bet) you would have to take 16 points off this. If you are betting less than £10 per point this will impact your results even more.
I see this kind of pay as you win structure as a bit of a double edged sword. Whilst there is no denying that it forces tipsters to focus on quality results, it can also mean that you can lose out big time if tips start losing. The problem with anything like this is that once the strike rate dips below a certain number, you may be paying £20 for 5 tips of which one makes £100 profit.
But you’ve spent £250 staking, plus the £24 for the winning tip still puts you at a massive loss with each win costing more and more. Personally, I’m not sold on Serious Betting Club and similar services have shown that you can lose money, even when you’re winning because of the subscription costs. With that in mind, I think I’d be inclined to look at a more traditional tipster service.