SPT Racing Review – Betfan

SPT Racing is a pretty long standing horse racing tipster service which is being offered through the Betfan group. Selections come courtesy of a tipster duo referred to simply as “Mark and Matthew”.

Introduction to SPT Racing

One of the things that I really like about betting is the fact that there isn’t necessarily a right or a wrong way to do it. AS long as there is a profit being made, I feel like to some degree, the specifics of how feel a little bit irrelevant. At least, that’s how I used to see things, right up until the point when I looked a todays subject.

Now, don’t get me wrong. Mark and Matthew have made a profit, and they should be commended for that. However, Betfan’s proofing for SPT Racing rather demonstrates (at least in my opinion) that there can be ways that, if not necessarily concerning, do carry a quite significant amount of risk in the long term.  

In fact, I can say with a lot of certainty that it has been a considerable period of time since I have seen a tipster service that represents such a massive mixed bag. So, with this, and a considerable amount of information to get through in mind, let’s dive right into SPT Racing and see if it is worth everything for the profit that Mark and Matthew have produced.   

What Does SPT Racing Offer?

Honestly, it’s been quite difficult knowing where to start with SPT Racing. There is just so much going on that it is hard to zero in on a natural place to start, whilst still trying to maintain some sense of objectiveness. With this in mind, I’ll be blunt and say that I’m going to start with the bets themselves.

You see, because of that mixed nature that exists around the service, I felt that it was best to get started by tackling the source of much of the negativity. Now, in and of themselves, I suppose that the bets that Mark and Matthew advise through SPT Racing aren’t necessarily problematic. In fact, I would say that it is welcome to see a huge range of win, each way, and smaller accumulators.

This suggests to me that Mark and Matthew don’t want to be tied down, and that the are genuinely trying to provide SPT Racing subscribers with the best value bets. This is something that is also reflected in the odds that you will be betting at. Betfan’s proofing shows that in October, you saw a broad range of odds from a 511/1 Treble, all the way down to a 5/4 Win bet.

But where the struggle really starts to become apparent is when you look at the volume of bets that you are placing. Using October as an example once again, Mark and Matthew advised 32 bets to SPT Racing subscribers in the first 7 days. Some days alone have seen as many as 14 bets. Now, the risk involved with these high volume bets is only compounded when you factor in the staking plan.

All bets that are advised through SPT Racing are recommended o be backed to anywhere from 1 point, all the way up to 5 points. This can mean that on those busier days, you may well end up staking 40 points on bets that frankly, lean towards outsider status. And this very quickly can add up.

This is interesting to me as the sales material for SPT Racing actively states that there is “No Crazy Staking”, and I guess if you look at it on a “bet by bet” basis, then this isn’t too bad. However there are still a large number of bets advised towards the top end of that staking plan, and no matter how you break it down, it does add up when combined with the volume.

Now, with all of that out of the way, I want to talk a little bit about some of the positives here. Given that Betfan are as big as they are, and their considerable experience in the betting game, you would expect SPT Racing to be managed to the same high standard. And you would be absolutely right to do so.

As is the case with pretty much every tipster service on the market these days, selections are sent out directly to subscribers via email. This isn’t where Betfan end things however. SPT Racing also has a member’s area on the website where you can view tips, and they are also made available through the Betfan app.

All of this does go some way towards alleviating some of the concerns that surround SPT Racing. After all, you would hope that a tipster management service with a long standing history (like Betfan) would want to ensure the longevity of any services that they endorse.

Unfortunately, given the wider results (which I promise, I will get to), I am not certain that this applies to SPT Racing. Sure, the strike rate of 25.04% looks pretty decent. Hell, given that wide range of odds, you may even be forgiven for thinking that it represents a good strike rate. Especially given the length of time that Betfan have been proofing SPT Racing.

This is only one part of the bigger picture though. What it means ultimately is that despite having a strike rate of 25%, just 6 months out of the 11 proofed for SPT Racing have been winning months.  

How Does SPT Racing Work?

Rather unfortunately, we aren’t told a whole lot about what the selection process for SPT Racing really entails. Mark and Matthew and Betfan talk a lot about how the system that ultimately underpins the service “Has Been Years In Development” and even the fact that they will not make the strategy available to the public.

Really, much of what is said is vague and talks about how Mark and Matthew “can read a race and find an angle for a selection where so many bettors fail”. Or how the pair have been developing the aforementioned strategy for decades. But none of this really offers you any real insight into what is involved with SPT Racing.

All of this is rather concerning to me. Now, I will concede that the fact that Betfan provide comprehensive proofing for SPT Racing does count as some mitigation. Especially given that it goes back to January this year. I you can’ be given insight, you should at least be in a position to get an idea of what you are singing up for.

Ultimately though, that just isn’t a viable option when it comes to SPT Racing. This is particularly problematic to me as I am a firm believer that as a consumer you should be as informed as possible. That doesn’t mean that Mark and Matthew should have to give their system away, but with such mixed results, I would definitely want some reason to believe in their tips long term.

What is the Initial Investment?

One of the main contributors with SPT Racing for me is the prices that are involved. Now, Betfan do provide a wider range of options. This is a good thing. However, they do tend to lean a little towards the expensive side unless you are signing up for much longer subscription plans. Which come with their own set of problems.

The lowest outlay option for SPT Racing is to sign up on a weekly basis. This is priced at £10 (plus VAT) per week, however that is obviously going to add up over the course of a year. The monthly option is the next cheapest option in terms of outlay, however there are some caveats to this. The £30 per month (plus VAT) that you are asked for is paid 4 weekly, which means 13 payments per year.

Representing slightly better value is the quarterly subscription which is priced at £84.50 (again, plus VAT) every 90 days. Finally, you can sign up to SPT Racing on the 6 monthly plan which represents the best value, but at £143 (plus VAT) does mean the biggest outlay.

 As is the case with all services from the Betfan group, there is unfortunately no money back guarantee in place. The team say that they do review refund requests, however these are not typically granted.

What is the Rate of Return?

Since Betfan began proofing for SPT Racing in January, the service has seen returns of 159.22 points of profit. Now that doesn’t necessarily sound too bad, right? I mean, that’s still working out at an average monthly profit of just shy of 14.5 points. I can certainly say that I have seen worse results that this.

But that is only one side of the coin. You have to factor in that that 14.5 points of profit is based off multiple point stakes. And as such, you aren’t necessarily looking at the most accurate representation of the profitability. In order to obtain this more accurate picture, you have to look at the ROI which sits at 2.33%. A frankly abysmal return when compared to the wider market.  

Conclusion for SPT Racing

Honestly, as far as I am concerned, simply the costs involved with SPT Racing and the and that quiet minimal return is more than enough to put me off. But there is so much more to it than this. In fact, it has been some time since I have seen a service hat I have found to actually be as off putting as this.

 The fact of the matter is that there just doesn’t seem to have been much consideration for the level of risk that exists with SPT Racing. And that risk is pretty significant really. There is nothing wrong with backing bets that come with longer odds. In fact, finding value is a well known betting approach that many have enjoyed success with.

However, when you combine this with a staking plan that features some quite high stakes on those long shots, and things just don’t seem as viable. And this is reflected when you look at the fact that there have been 5 losing months.

And honestly, these aren’t even small losing months either. One came in at a 96.88 point loss. Another at 116.22 points (immediately off the back of a 39.75 point losing month). These kinds of numbers will absolutely decimate even the most robust betting banks. In fact, if I’d encountered either of these months, I’d have been pretty bloody annoyed.

Yes, risk is a part of betting, but if you are paying for a professionally managed tipster service, it isn’t unreasonable to expect them to think of punters as well as themselves. And I just don’t feel like this happens with SPT Racing. There seems to be this consensus that because everything balances out into a profit, it’s all ok. But I don’t think that it is.

It isn’t even like I think that the winning months can make up for this. Sure, October might have made more than 230 points, and that is a bloody incredible figure, but if it is surrounded by significant losing months, it just doesn’t count for a lot.

And it is this lack of consistency that is really the killing blow for SPT Racing in my opinion. There is clear potential here. On two occasions, you have seen months that have come close to or surpassed 200 points. But when you also have 3 months that have come close to or surpassed losing 100 points, it just doesn’t really add up in a viable way.

As such, I don’t think that I would look to recommend SPT Racing at all. The truth of the matter is that even if you could afford to ride out those losing periods for those big wins, there are tipster services out there that will ultimately give you much better returns on your investment than the 2.33% than SPT Racing achieves.

 

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From: Simon Roberts