The 10k Project is a new to market horse arcing tipster service that is operated by one Thomas Bronwin. He claims that his approach to betting can turn very modest stakes into huge profits.
Introduction to The 10k Project
Without a shadow of a doubt one of the biggest obstacles for anybody who is trying to get into betting in a serios way is the cost and the investment. There are tipsters out there who will happily charge you £150 per month for selection that are only profitable if you have a starting bank of £10,000. It’s an absolute minefield, it’s incredibly intimidating, and there are so many charlatans out there that it’s hard to trust… well, anybody. Unfortunately, this basic barrier to entry undoubtedly puts a lot of people off.
All of this is very important to talk about, because I really feel the need to set the scene for today’s review subject, The 10k Project. This is a service that you can supposedly get started with for £100. In the wider betting industry, that is peanuts. Furthermore, the approach also allows you to not just generateconsiderable profit, but actually take it home. Another important distinction that I think is very important when you’re looking at this. And boy does Thomas Bronwin know all of this.
The marketing material pushes low risk, low investment, massive profits. Of course, this is ultimately what anybody who is betting should be looking for. Which makes The 10k Project a very attractive proposition. The truth of the matter though is that I have a lot of questions about what Thomas Bronwin is doing here. Sure, he paints a very pretty picture, but there are gaps in this. And we’re not talking about small ones either. In my mind, there are massive gaping holes in the service. So, with that said, let’s get into this and see whether or not it
What Does The 10k Project Offer?
The 10k Project is an interesting beast. It is both incredibly simple, and also has a number of more complicated elements. There is a lot to be said about this. Some of it sounds really quite good. Other elements were… well, a little bit less so. Either way, I think that there’s little doubt that Thomas Bronwin has a strong plan on display.
First things first, I want to talk about the management of things. This is an area where I think there is the least to say about The 10k Project. Thomas Bronwin is running a very typical example of a tipster service and a lot of what he is doing are things that you see quite frequently. This doesn’t necessarily have to a bad thing mind. In theory, if it ain’t broke, don’t fix it. However, there are still considerations even when you factor in this simplicity.
As you might expect from… well, pretty much any modern tipster service, selections are issued directly via subscribers. These are however incredibly basic and rather devoid of insight. Something that doesn’t really bode well for The 10k Project. This kind of thing simply adds work for you, and given that you’re ultimately paying Thomas Bronwin (and this is very basic info that’s missing) it’s a bit of a problem in my mind.
One of the big things is a lack of odds advice. Thomas Bronwin states that he places his bets through Betfair’s Sportsbook and that you can place bets wherever you want, online or in a bookie. Why exactly is this problematic though? Well, a key part of it is that The 10k Project is ultimately based around taking advantage of longer odds, backed on an each way basis, to secure profit. If you aren’t getting the right odds, you aren’t getting the right profit.
In and of itself, this isn’t necessarily a problem. You can after all quite easily use an odds comparison site. But it concerns me that Thomas Bronwin is effectively missing out what I would consider to be bare minimum things. If the basics aren’t right for The 10k Project, it certainly raises questions about what other things might be issues.
Personally, I find this to be especially true given that you’re dealing with a service in The 10k Project in which there are supposedly 2-3 tips advised each day. Or at least, that is the aim (we are told that some days simply don’t yield bets and that they won’t be advised for the sake of it). That isn’t necessarily prohibitively high volume, but it isn’t nothing either.
The thing is, there are lot of elements of how The 10k Project runs that are tied to your returns. If you they’re off, it throws a lot off. Especially in terms of the staking plan that is in place. As you might expect for a service that aims to go from £100 to £10,000 there is compounding in place. Thomas Bronwin doesn’t hide that. It is however quite an aggressive approach.
You see, your bets start out incredibly modestly with just £2.50 advised per bet, we are told. Except, this is each way. So that’s actually £5 per bet. This goes up at regular increments that ultimately end with you placing £40 on each bet. This only happens, Thomas Bronwin says, when The 10k Project has made you more than £5,000. Something that is rather nicely presented as being a bit of a dead cert eventually.
This is all very interesting though because it means that your betting bank fluctuates quite a lot in terms of how much you can bet. For example, you start with just 20 bets (£100 divided by £5 bets). By the time you get to £5,000, you’re at 125 bets of coverage. This might make sense with more structure, but The 10k Project is very up and down in this regard.
Adding to the issues with all of this are the huge gaps in information that exist with The 10k Project. A key one of these for me is the lack of a strike rate. Now I’ll happily concede the fact that this is an ongoing project, but Thomas Bronwin says that he has done this 5 times before now. As such, it seems quite questionable that he wouldn’t be able to extrapolate anything from that previous information.
How Does The 10k Project Work?
There are a few clear strategies in terms of how The 10k Project “works”. The first one that jumps out at me is the staking plan that is in place. Compounding isn’t anything new. I’ve seen it dragged out a lot recently by a certain type of tipster. It really is a key element though. The fact is that you aren’t realistically going to turn £100 into £10,000 without reinvesting some of your winnings. Not unless you have a long time and a sure thing.
The next element is leveraging those longer shot each way bets. Thomas Bronwin doesn’t actually talk about this, however, I am familiar with the theory. By betting each way, if a horse only places, you see a small profit. If a horse actually wins, you’re quids in. On paper, The 10k Project is based on very sensible approach to betting.
Here’s the thing, the way you approach a betting system isn’t a system. For all of this talk, Thomas Bronwin doesn’t actually make any mention of what the selection process for The 10k Project is. He says that he only bets on “races with a favourable outcome that have a good chance of increasing our betting bank”. Which is of course what every tipster should be doing. Ultimately, it means pretty much nothing.
It isn’t even like you get much in the way of evidence for The 10k Project. Picking back up my earlier thread when talking about the strike rate, Thomas Bronwin actively talks about how previous periods of betting have been a success. He even details how each run has taken different lengths of time. What we don’t see however, is proofing (or in fact any tangible evidence) suggesting that there is any sort of actual betting system in place here.
What is the Initial Investment?
The nature of The 10k Project means that a more traditional monthly staking plan wouldn’t really work for the service. Which is fair enough really. Instead, Thomas Bronwin charges a one time cost of £49 (plus VAT) fir access to his tips (a 50% discount on the claimed actual value of £99). This will run for a full cycle in which time you should hit that target which is the premise and sales pitch of the service.
If for any reason you don’t actually make that £10,000, Thomas Bronwin very generously says that your next run with The 10k Project will be “on him”. Even if you make £9,999, you are told that you will get another shot at it. The interesting thing is that the measure of this profit isn’t really discussed in much detail.
Adding to this is the fact that there is a perfectly good refund policy already in place for The 10k Project. You see, Thomas Bronwin is actually selling the service directly via Clickbank. As is the case with all of their products, they offer a comprehensive 30 day money back guarantee here. A point that is very conveniently not mentioned in the sales material.
What is the Rate of Return?
I feel like I’ve said this far too many times at this point, but the idea behind The 10k Project is a very straight forward one. Within 6 months, Thomas Bronwin says that he will have turned your £100 betting bank into £10,000. This means he will have shown an ROI of 9,900%. That is one hell of a number that isn’t really backed up by much of anything. All that we see are a few screenshots of winning bets.
These show just 3 days in August (which had all conveniently passed before The 10k Project launched) and a profit of around 32.5 points. A massive amount that I am hugely sceptical of. Realistically, at best these are simply a few good winners that Thomas Bronwin happened to luck out with. What they do though is strongly suggest that there is the potential here to see almost £1,300 of profit in just a few days. A number that makes £10,000 seem incredibly plausible.
Conclusion for The 10k Project
There is a lot about The 10k Project that seems a touch on the questionable side to me. Make no mistake about it. There are huge gaps in the information provided, in the approach that is described, and things that are incredibly conveniently skipped over that only seem to benefit Thomas Bronwin. It doesn’t take huge leap to start adding these up.
Now, to be very clear, I am definitely going to be reiterating some points I’ve made before. But it is quite important to me that I show everything together. Because it can be very easy to make a lot of quite big problems look smaller by nearly spreading them out. So, let’s get into what, in my mind, is the most apparent problem.
Thomas Bronwin is keen to present a certain approach to betting. He doesn’t explicitly say it. But there is simply this insinuation that just kind of… hangs around. That is that betting on long shots on an each way basis is a method that works. “The £10k Project is a tried and tested strategy to allow maximum returns with LOW RISK investments”.
But how is this low risk? I am the first person to champion value betting, but here’s the bottom line. If you’re backing a horse at 14/1, even if it’s been over valued, it is unlikely to be that drastic. It may be simply that the actual odds are closer to 10/1. What you certainly shouldn’t expect is a seeming strike rate of 100%.
Now again, this isn’t something that is explicitly stated. However, Thomas Bronwin is keen to show off the few winning bets that he does provide as evidence not losing. Furthermore, he chooses to actively lean into the notion that he doesn’t lose talking about his previous efforts yielding a 5/5 winning run rate. It isn’t saying that you should expect a high strike rate, but that implication is left to hang around.
Then there are things like his seemingly generous offer. Unless you make more than £10,000, you won’t pay again. Sounds great doesn’t it. And somebody must be supremely confident in their ability to make this sort of claim, right? Alternatively, and I’m being a bit cynical here, he is trying to distract from the money back guarantee that is in place that actually offers you some sort of consume protection.
You know, the one that also means that Thomas Bronwin doesn’t get to just keep your money if things go wrong or it turns out to be BS. And there is reason to suspect that this may be the case. Because any tipster that is worth their salt that I’ve looked at before has a plan for picking out horses. Simply saying that you’re picking the ones that you think might win is ludicrous to me.
That is the full point of a tipster service. It isn’t a strategy. Nor is a staking plan, or a structure that is designed to provide an absolute. The fact is that there isn’t really anything about The 10k Project that to me demonstrates something genuine. It is riddled with the kinds of gaps that I simply wouldn’t expect from a tipster who has supposedly been at this for 2 and a half years. On top of that, it isn’t like this is insanely cheap.
Truthfully, I see little reason to recommend The 10k Project. I don’t believe that Thomas Bronwin will actually deliver much of anything, never mind the kind of things he talks about. What he has done however is set up a tipster service that seems rife to drag itself out past the refund period that he doesn’t tell you about. Could that all be a coincidence. Of course it could. I don’t admit it often, but I could be wrong. But there isn’t a lot here that suggests to me that this will actually be the case.
