The Daily Banker Review – The Bet Professionals

The Daily Banker is a relatively new to market horse racing tipster service which is operated by The Bet Professionals. The services boasts some incredibly strong initial results.

Introduction to The Daily Banker

More than anything else, I think that the single most important result for a tipster service is the profit. Now, contradicting this, I don’t think that it is necessarily the be all and end all. In actual fact, I have seen some very good services that haven’t been hugely profitable. On the other side of that coin, I’ve seen some hugely profitable tipster services that I really wouldn’t look to recommend to people. None the less, when you see a service that claims that you can see a betting bank increase of 179% in just a few short months… Well, that is a lot.

Which brings me to The Daily Banker. A service that The Bet Professionals refer to in their headline as “THE KINGS OF DAILY WIN BETS!”. That is one hell of a claim to make. But of course, when you look at the results, it also seems rather difficult to argue with this. The service has seemingly performed incredibly well. Even on the sales material you are given these streams of wining bets, seemingly demonstrating a firm ability to deliver. It is very encouraging. But let’s be honest here, we all know that marketing can make anything seem good.

In actual fact, when you start to look at the big picture, things just don’t look quite so hot. I can definitely see why The Bet Professionals may well want to shout from the rooftops about certain things. But there are also some significant questions about how The Daily Banker performs. And not just how it performs, but the costs involved as well. Not surprisingly, when these things are brought into question, it doesn’t bode well… So, let’s get into it. 

What Does The Daily Banker Offer?

So, let’s get down to it and talk about what you are actually getting into with The Daily Banker. Now, the short answer to this is… Well, about the bare minimum in my mind. I’ve looked at a lot of tipster services in my time, and whilst The Bet Professionals deliver everything that you would expect, I don’t feel like there is much that is above and beyond.

First things first, let’s talk about the logistics of the service. And this is something that I feel like is right there in the name of The Daily Banker. It is a service that is based around providing near daily horse racing bets. You should probably note coming into this however that whilst The Bet Professionals do paint this as daily, there are a few days where there are no bets (normally a Sunday).

Now, this isn’t something that I see as being inherently bad or wrong. In fact, I think it is actually commendable. The truth is that I’ve seen far too many tipsters who simply seem to bet for the sake of it. This is concerning enough when you have a volume of bets to make up for mistakes, but that isn’t really an option here. Because with just one bet advised through The Daily Banker, there isn’t really a lot of places to hide.

As you might expect, the selections are sent out directly via email, however, there is somewhat limited information provided in these. Don’t get me wrong, you’ll always know what you’re betting on. But I have definitely seen other tipsters who provide more. As such, I would be inclined to use an odds comparison site if I were following The Daily Banker.

This is in no small part down to how The Bet Professionals say that the service works (which I will be coming to a little later on). The fact is that what you are dealing with here are generally very low odds betting. The average odds to BOG come in at just 2.73. As such, if you can stretch that by an extra 10% or so, you can drastically improve the profit potential of your betting.

Where this is particularly important looking at The Daily Banker is that the average odds are very reflective of what you can expect. Far too often, you see an average that is massive skewed by outlying data, but The Bet Professionals’s proofing shows that this is definitely a service where what you see is what you get. Again, that isn’t inherently a negative.

As a final aside, I do think that it’s worth mentioning the bets you will actually be placing. As you might expect given the fact that The Daily Banker is so concerned with those lower odds, you are dealing almost exclusively with straight win bets. Once again, there is that simplicity that runs through the service.

Something that is not quite so straight forward in my mind is the staking plan that is involved. On paper, it is a simple level staking plan. You are betting the same amount on every single bet. However, The Bet Professionals’s proofing very clearly demonstrates that you are looking at the business end of 5 points per bet. A number that really adds up, even if you’re working with relatively frequent wins. Importantly (and as I will explore later), it has a drastic impact on the results.

And the wins are definitely rather frequent. The average strike rate for The Daily Banker comes in at 45.51%. A huge number, even when you do factor in the shorter odds. Honestly, this end of things is incredibly impressive. It is genuinely one of the more impressive sets of results that I have seen recently, but what really stands out, is that it is relatively reflective of what you can expect.

What I will say however is that I would still consider a reasonably sized betting bank here. Especially if you’re going to use the 5 point stakes that The Bet Professionals recommend for The Daily Banker. The biggest drawdown to date would be 30 points, meaning a realistic minimum of 50 points would be required.

How Does The Daily Banker Work?

Rather frustratingly, the sales material for The Daily Banker doesn’t actually have all that much to say about how the service works. There is only vague allusions by The Bet Professionals as to what kinds of considerations the tipster behind the service makes. Unfortunately, these don’t actually provide you with all that much insight.

What we are told is that The Daily Banker has one main objective. To provide a consistent stream of winning bets. Frankly, I’d be concerned if any tipster had an objective other than this. The Bet Professionals also make reference in the sales material to the fact that other tipping services which may lean on insider information or “diligent form study” can have eclectic results. I wouldn’t necessarily disagree with that. But again ,it isn’t telling us about how The Daily Banker works.

The real truth of the matter is that you aren’t actually told much of anything about The Daily Banker. It focuses on low odds and winning regularly. That is hardly grounds for a tipster service in my mind, but, The Bet Professionals have pushed it out anyway. What is really frustrating about this to me is that I do believe that we could have seen some information without giving away too much. It’s not like I want to see detailed step by step instructions.

All of this ultimately matters because I do believe that you should be able to make an informed decision about what you are getting into with a tipster service. Now, The Bet Professionals providing their proofing counts for something. It is more evidence than you might see from some tipsters. But as a stand alone thing, it isn’t as much as I would like.

What is the Initial Investment?

There is no way of dressing this up really. The Daily Banker is very bloody expensive in my eyes. The Bet Professionals are asking a rather eyewatering £60 per month for access to tips. Now, I’ll admit, it isn’t as expensive as some services I have seen, but it is still well north of the £40-£50 per month maximum that I would expect to pay.

There is of course some extra value to be had in signing up for The Daily Banker on a longer basis. For example, a quarterly subscription is just £60 for your first quarter, however, there is a drastic increase in price to £120 after this has elapsed. The best value comes from a 6 monthly subscription which is £89 for your first 6 months and £130 for subsequent periods.

Worth keeping in mind is the fact that none of these options come with any money back guarantee or refund period (although you can at least cancel your subscription). As such, if you’re going to commit to The Daily Banker, you really should be sure of what you are getting into.

What is the Rate of Return?

I want to come back to the number that really caught my eye with The Daily Banker. Turning a £2,000 starting bank into £5,588. By my calculations, this is based off £25 per point (I don’t know exactly when The Bet Professionals took this measure, but I’m pretty sure I’m right on that). Here’s the thing though, that £25 per point means that you’re putting down £125 per day. Much more than most people would be comfortable betting.

Moving on from that, let’s put the numbers into context. The Daily Banker ended June on a profit of 225.55 points, which, in 6 months isn’t bad going at all. Except, all of that is based off 5 point stakes. As such, you can easily factor this down to an actual points profit of 45.11 points if you were betting 1 point per bet. A drastically different number. In my mind, the ROI is a pretty good indicator of what to expect, and this comes in at about 27%. Respectable enough. 

Conclusion for The Daily Banker

I want to be clear, I can see the appeal of The Daily Banker. I feel like there is a fundamentally reasonable system underpinning this. And full credit to The Bet Professionals, they have done well to bring this to market. But let’s talk about what is less good. Because there is a hell of a lot of it, and it’s hard to know where to start.

First things first, there is the pricing. £60 per month is a hell of a lot for a tipster service. In fact, it’s a huge amount in my eyes. I know that there are definitely tipsters that would charge twice this amount, and they would do so with a smile. But I know what tipster services cost, and The Daily Banker is right at the cusp of what I would consider to be acceptable. And even then, it would only be acceptable for something exceptional.

For some context, there are proven betting systems out there that cost less than The Daily Banker costs in a month. There are very decent performing tipsters on the market who are giving 6 months of access for less than a month of The Daily Banker, and it goes on. The fact is that if The Bet Professionals existed in a vacuum, it might not be so bad. But it doesn’t, and there are other services out there that are as good, if not better, for less money.

Because it isn’t just that The Daily Banker is expensive in my mind. The problem is that the performance is… Well, if I’m honest, it’s woefully average. Sure, 225 points doesn’t look bad. But it is undoubtedly inflated by those increased stakes. And whilst there may be some justification for them, make no mistake they do inflate the results.

Without that inflation though, 45 points in 6 months. 7.5 points per month as an average. It really doesn’t track well. To £10 stakes, you’re barely scraping a profit after paying a monthly sub. In the meantime, there are services out there that are doubling and trebling these results. Are they hitting a 45% strike rate? No, they’re not. But the bottom line is the bottom line.

So, for my money, I wouldn’t personally look to recommend The Daily Banker. Like I opened this conclusion with, I really do think that there is a decent system underpinning everything. But the cost to performance ratio is completely out of whack here. Put really bluntly, there is no value for money to be had here. Not without copious investment.

But that investment could easily be multiplied many times more elsewhere. So… Why would you spend it here? In my mind, I really can’t quite find a reason. Despite racking my brain.

 

 

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From: Simon Roberts