There aren’t many things that come along that are necessarily new or truly interesting. There are even less things that I think really have the chance to change the way you bet. The fact is that I look at tipster services and betting systems a lot. I have seen most things at this point. But there isn’t necessarily much that I think really excites me. Recently though, something landed on my desk that is all of those things. It isn’t entirely unique, but it is new. It is interesting. And dare I say that it is potentially very exciting.
This brings me to We Bet You Bet. A service that betting service Bet Chat say has the capability to completely revolutionise how you approach your own betting. This isn’t something that I would agree with lightly, but for some people, this is definitely a product that could do that. Because the main selling point here is a completely automated betting portfolio. Imagine something that you set up, forget about, and (theoretically) simply claim your profits. That sort of passive betting opportunity doesn’t come along often, and it rarely comes with any pedigree.
Original Link: https://www.webetyoubet.com/
That for me is one of the big selling points of We Bet You Bet. I have been familiar with Bet Chat and most of the guys behind it since before they were Bet Chat. There is a lot to be said for their experience, knowledge, and track record. Not all of it is agreeable to me, but what I can say with some confidence is that I believe that everything is genuine. By this I mean that any service put out by them is done so with real intent to turn a profit for their customers. Whether this is a worthwhile profit… well, that’s a different matter. So, let’s get into it.
What Does We Bet You Bet Offer?
Where do you even start with the offering off We Bet You Bet… That isn’t idle musing. There is a hell of a lot on offer here so excuse some of the peculiar formatting. Really, the whole thing is effectively like 4 presents that are all wrapped up nicely in a bow and gifted to you in a beautiful box. Is the box the gift? Are the presents it contains the gift? I am just not quite certain where the start of this thread lies.
Ok, let’s run with my wonderful analogy (if I say so myself). Let’s talk about the box. This is what We Bet You Bet is really about. Everything inside it is incredibly important, but they are also things that I’ve looked at before ins one way or another. So, what Bet Chat are offering to you is an online and hands off Betfair bot that will automatically place bets for you.
In its crudest form, that is what you are getting. Of course, there is so much more subtlety that I can’t quite touch on, but I think that is a pretty good place to start breaking it down. The bot itself is powered by four different tipsters that are all a part of the wider Bet Chat service. Effectively, We Bet You Bet places the same bets that they do.
All of this happens behind the scenes on Betfair. For those who might be concerned about this, the bot uses Betfair’s API meaning that it can place bets, but that is it. We Bet You Bet cannot access your information or move your money about. It just places the bets that the tipsters tell it to do.
Now, there are a few things to talk about in terms of getting this bot set up. One of the big considerations with We Bet You Bet is how much money you need to get it all going. As well as the start up costs (which I will talk about later) you need a set betting bank. Bet Chat say that your starting bank needs to be:
- £1,000
- £2,000
- £4,000
- £8,000
These numbers are incredibly important because all of the betting that We Bet You Bet does is based around what your starting bank is set up to be. Essentially, all of the stakes scale meaning the less you have, the less that is bet. Of course, this is a good thing. But if you want to maximise the potential here, Bet Chat are asking a significant investment.
Now, let’s look a little bit about the betting that We Bet You Bet will be doing for you. There is coverage for five different sports with selections coming courtesy of four different tipsters (I will come to this a little later on). There is coverage for horse racing, football, tennis, snooker, and golf.
This allows for We Bet You Bet to be managed as a portfolio. In an extensive Q&A, Miles Tredwell (one of the tipsters) describes how all of this will look. Effectively:
- Football – Smaller odds, bigger stakes
- Tennis – Middling odds, medium stakes
- Golf – Big odds, smaller stakes
- Snooker – Middling odds, medium stakes
- Horse Racing – Mix of odds, mix of stakes (but presumably still fundamentally following the same structure as the other sports).
This means that across all of the different sports and tipsters who are advising bets through We Bet You Bet, you should see relatively consistent overall results. Something that definitely adds an element of appeal to the service.
Of note is the fact that there aren’t any ridiculous set targets with We Bet You Bet. This is a massive plus meaning that there will be no betting for the sake of it. But it can put you at odds if you are looking for bigger returns. From what I have seen of the guys Bet Chat are working with for this, it is going to be quite a conservative portfolio. Something that I will be picking up when exploring the results.
As a final little aside, I think that it is worth noting that We Bet You Bet members also get access to a Telegram group as well as notifications of the bets that are being advised. This means that you can follow along with the betting individually, or with other people. This social element is something that isn’t unique here, but is a big help for less experienced bettors.
How Does We Bet You Bet Work?
The elements of how the bot works are relatively simple. It links with your Betfair account. When one of the tipsters finds a bet that they like the bot places the bet. As Bet Chat are keen to point out, this opens a lot of doors for We Bet You Bet that weren’t previously there. Things like in play betting or taking advantage of late value before the off are suddenly options on the table. Which in the case of one particular tipster will probably be of huge benefit.
This brings me to the other element of We Bet You Bet. I described this as being four gifts in a box. That is because at its core, this is really just four different tipster services. I will be honest and say that I am more familiar with some of these tipsters than others, but they all seem to have decent experience. And in order to understand how it all comes together, we have to look at those tipsters. So, let’s break it all down:
- Miles Tredwell – Miles is a well known horse racing tipster. He has worked with Josh Allen of Bet Chat for a very long time and they have operated several tipster services in conjunction with one another. Miles is generally regarded as the real deal, and whilst his numbers don’t set the world alight, he is a solid foundation.
- Adam Cheng – Adam has previously worked for a bookmaker as a trader. Specifically, a bookmaker that provides bespoke betting to high end clients. As with Miles, he has worked with Bet Chat before. His knowledge is very respectable and he has consistently produced decent numbers as a tipster. The inclusion of trading as an option with We Bet You Bet potentially allows him to really flourish taking advantage of betting markets.
- Craig Edwards – Craig looks at golf and snooker. He is an ex-professional snooker player and has tipped on his own service for some time. His own service had some mixed results when I looked at it individually. I do however believe that he is a genuine enough tipster if nothing else.
- Aidan Wardle – Aidan is the outlier for me when I look at We Bet You Bet. I have no real familiarity with his tips. With that said, I will say that he seems to have the credentials having written his university dissertation on tennis betting markets. This makes him pretty well placed to provide the tennis bets.
The final thing worth touching on is the fact that We Bet You Bet should be considered in the same light as an investment portfolio. The approach taken by Bet Chat with all of this is that you are looking to see consistent growth to your betting bank. As such, the focus is on providing a balanced betting approach that will allow for overall profits, even if some of the tipsters are having off days.
What is the Initial Investment?
When you talk about the initial investment with We Bet You Bet, it is a storied affair. There are of course those initial costs involved in setting it up. But there is also the wider pricing structure that Bet Chat have taken with this. And it is a little bit of a convoluted affair that, whilst not expensive, does impact your results.
So, when you are getting started you obviously need your betting bank. Then, depending on that, you have to pay to get started. If you have a £1,000 or £2,000 betting bank getting started will cost you £250. If you have a £4,000 or £8,000 betting bank, that numbers goes up to £500.
You then have to pay Bet Chat an additional 25% every time the bot makes either £1,000 or £2,000 (depending on your bank). In theory, that isn’t too steep given the fact that… well, you’ve already made a profit. But it does eat into any profit potential that We Bet You Bet demonstrates. On top of that, there is a small access fee of £24 per year for the bot after your first year.
At the time of writing there a 14 day money back guarantee after paying your “buy in”. This means that you can get a reasonable feel for We Bet You Bet and what it will entail. Of note is that this is technically a vendor backed thing, but I don’t believe that Bet Chat will make claiming this overly difficult.
What is the Rate of Return?
The focus of We Bet You Bet is on producing consistent and long term profit. Something that doesn’t tend to translate to particularly big numbers. Furthermore, it is far too early in the day to start calling out performances of the bot. But there is some potential insight that comes from looking at how the different tipsters have performed.
In the Q&A Bet Chat provide the following numbers for their performances over 3 years. These look like this:
- Adam Cheng has seen a profit of 116 points, a Return on Capital of 387%
- Craig Edwards has seen a profit of 153 points on his golf betting, a Return on Capital of 153%. His snooker tips have seen a return of 79 points, a Return on Capital of 159%.
- Aidan Wardle has seen a profit of 151 points, a Return on Capital of 151%.
- Miles Tredwell has seen a profit of 171 points, a Return on Capital of 228%.
Conclusion for We Bet You Bet
There is a lot to unpack with We Bet You Bet. This is by no stretch of the imagination a complicated thing for you or I as end users. In fact, the biggest appeal here is the fact that it is a passive betting solution. But that doesn’t mean that there aren’t a lot of moving parts in the background. And if you want to really understand what you’re getting into here, you need to know what they look like.
Knowing what I know about Bet Chat and the team who are behind We Bet You Bet, I would be inclined to say that this is probably going to be a reliable enough service. In the long term. That is something that is incredibly important to add because I know that all of the tipsters involved have had some pretty big ups and downs.
Ultimately, betting is a game that is about the long term, and that is where your focus should lie. But it would be naïve of me to overlook the fact that We Bet You Bet still comes with some risk. Whilst I think it is mostly mitigated, it is still there. Despite the fact that Bet Chat do present this in a very certain light.
Building on that, whilst the return on capital all looks good, it is hard to overlook that across 4 tipsters over 3 years, the average annual returns were 223 points. Don’t get me wrong, that is respectable enough for one tipster. But I feel like there are other tipster services out there that have arguably made more. Once again, keeping your expectations in check with We Bet You Bet is very important.
Then there is the fact that this is undeniably expensive. Whilst I appreciate that the pricing structure Bet Chat have put in place means that you are only paying out if you’re winning, you do pay out quite a lot to them. We Bet You Bet is really quite expensive when you start working it all out.
Despite all of this, I think that this is a service that I would consider recommending to the right kind of person. Don’t get me wrong. We Bet You Bet isn’t a service that is for everybody. Pretty far from it in fact. But there are some people out there with deep enough pockets that will be happy to enjoy a passive income. Something that Bet Chat are pretty well equipped to deliver.
It’s all really a question of if you have the time and the money to invest. The money, of course, because of that minimum starting bank. The time thing, simply because it might take you a while to see big returns from We Bet You Bet. Even more so when you think that you have to make back your subscription cost before you’re truly in profit.
Make no mistake about it, We Bet You Bet is a very exciting product. Bet Chat are doing something that is ultimately not quite like anything else on the market. But the truth is that for most of the people that I keep in mind when writing, this isn’t necessarily a viable option. There are of course plenty of people for whom this will be almost exactly what they have been waiting for.
