The Betting King is a relatively new horse racing tipster service which is being offered through the Betting Gods team. It claims to produce a steady profit for subscribers with a view to the long term.
What does the product offer?
My thoughts and opinions on the Betting Gods group are very well documented. I think that they have a track record of putting out quality products and I don’t recall any that have immediately looked particularly bad. Furthermore, I know that Darren (the boss over at The Betting Gods) doesn’t tend to suffer lackadaisical tipsters. In my opinion, this is a little bit of an “up until now” situation. There are a lot of things that I find to be off putting when it comes to The Betting King and I will explore these as we get to them.
The problems begin for me in the description of the surface. Whoever writes copy for Betting Gods literally starts by saying that “you’re in for a lot of excitement”. Whilst I can see the appeal in this to some small degree, I do feel that it rather sets the tone for the service and my issues. These namely surround the concept of risk vs reward and resultantly, value for money. Of course, I could dance around my point all day but I would rather get down to the nitty gritty.
So what exactly do you get with The Betting King? In terms of operation, The Betting King is very much what you would expect from Betting Gods. Selections are issued to subscribers directly via email as well as being uploaded to a special member’s area. They are also made available via the Betting Gods app (which is available on both iOS and Android). One of the things that is good about The Betting King is that selections are issued the evening before races, typically between 8pm and 10pm.
If the logistics of The Betting King are rather typical, the details surrounding the bets are rather less so. The service uses a combination of straight win bets, each way bets and each way doubles in order to generate profit. Combined with this is a focus on longer odds. Much longer, in fact. There are not many bets that have odds of less than 7.0 going as high as 195.45. According to Betting Gods, even the average odds for The Betting King are between 25/1 and 27.1,
The stakes that involved are also somewhat varied which is mostly down to necessity due to the variety of bets. These start at just 0.25 points on some of the particularly longer shots and each way doubles. The highest stakes are 2 point wins. This approach does go some way towards mitigating the loss potential although I don’t believe that it does nearly enough in that regard.
This leaves the strike rate to consider. As you can probably guess, this is not particularly high. In fact, the average strike rate for The Betting King is 14.42% over about 10 months. Whilst this number doesn’t necessarily sound great, it is roughly in line with what I would expect from a service of this nature.
How does the product work?
As is all too often the case with products from Betting Gods, there is unfortunately no information provide on what the selection process entails. I find that this is particularly problematic with The Betting King because of the odds that are involved. I would expect to have some details to reassure potential customers that selections aren’t simply being picked at random. This is of particular importance with The Betting King and products like it as the odds involved can (as I have already highlighted) be insane.
Whilst the selection process isn’t something that is explored, the core premise of The Betting King is one that I am quite familiar with. Essentially, this kind of service is reliant on big wins coming in and making up for the losing streaks. These losing streaks are inevitable and they can be very expensive in the long run. To create some context based of The Betting King’s results, without really looking I found 20 losses on the trot with a total loss of 27 points.
What is the initial investment?
There are three options available for The Betting King. The first of these is a monthly subscription which costs £30 per month. For increased value, you can sign up to The Betting King on a quarterly basis at a cost of £70 per quarter. Even better value than this is an annual subscription at a cost of £250 however given how long it ties you in for, I don’t believe that it is that much better than paying £280 for 4 quarters. At the time of writing, all of these options are also available on a 10 day trial for just £1.
As is the case with all products from the Betting Gods group, there is a full 30 day money back guarantee in place. Their reputation ensures that you are unlikely to struggle claiming this either.
What is the rate of return?
Since it went live The Betting King has produced an overall profit of just £1,593.60 to £10 stakes representing a points profit of 159.36. This represents an ROI of 17.01% as well as bank growth of 79.68%. There are a few things to acknowledge in the name of balance here though. The first is that a decent win could well propel The Betting King right into the stratosphere in terms of profits. Of course this is reliant on a pretty substantial if.
Conclusion
It is not very often that the Betting Gods team put out a service that I see as a bad call. Eventually all good things must come to an end however and for me, it comes in the shape of The Betting King. There is just so much about the service that I don’t like. I am happy to admit that some of this could simply be down to personal preference (the method of betting that The Betting King uses is far too high risk for my liking). A big part of it however is simply based around the numbers.
Over 10 months, The Betting King has averaged just 15 points per month profit. And should acknowledge that ultimately, there is a profit and that is by no means a bad thing. Using £10 stakes though and working off a monthly subscription, this means around £30 per week. It also means staking potentially hundreds of pounds in order to get this £30. This is a massive amount of risk for very little pay off as far as I am concerned.
All of this only demonstrates one of the key issues with The Betting King which is that I don’t see it being value or money. At £10 per month, I may view The Betting King slightly more favourably but this is priced at the same amounts as a golf betting service that the Betting Gods were offering which has averaged 3 times the average monthly profit with somewhat lessened risk. The fact is that there are better services than The Betting King out there for much less money.
Whilst I wanted to come into The Betting King and find another top quality tipster service, unfortunately, this isn’t the case. It isn’t something that I would dream of holding against the wider Betting Gods and I can comfortably say here and now that their other services are almost all worth checking out. Unfortunately The Betting King does buck that trend and as such, I can’t really recommend it.
