Yeowsa Review

Yeowsa is a horse racing tipster service that focuses exclusively on Irish horse racing. All things considered it is a relatively modest service, but the results carry some potential.  

Introduction to Yeowsa

For reasons that I can’t adequately explain, a lot of what I see when it comes to Irish horse racing is almost an afterthought. An interesting little thing really, given the fact that Irish horse racing is one of the biggest betting markets in the UK. The truth is that most of what you see is a few bets a week being thrown into wider tipster services that might cover the bigger festivals and odd race. This means that very rarely do you see a tipster service exclusively focused on the Irish market.

And this is somewhat disappointing. Because the right approach could prove to be very special. Particularly as part of a wider betting portfolio. It means you can still bet pretty much daily, all without risking overlap on other tipster services that you might be following. And today’s subject, Yeowsa, may well be a perfect contender for that kind of position. It is an inexpensive niche service, and that in and of itself can be a massive positive.

Of course, simply having a service that has some kind of merit is not really a reason to go recommending it. Really, anything can have some merit if you are willing to look hard enough. And whilst there is definitely some potential to Yeowsa, this is a long way from a done deal. In fact, if I’m completely honest, there is quite a lot to consider here. So, with that said, let’s get straight into that.

What Does Yeowsa Offer?

One of the things that I categorically enjoy about Yeowsa is that it is a properly independent tipster service. This isn’t some Clickbank vendor who pushes out products every other month under a different name or premise. Nor is it a tipster who is tied to a tipster management company who may encourage tipsters to just push out bets for the sake of it.

Of course, the big question that this raises is what exactly are you getting into with Yeowsa? Logistically, the service isn’t quite like anything that I think I’ve ever seen. It is quite apparent to me that Yeowsa is a small time operation, but that doesn’t mean that it is necessarily a bad thing.

Ultimately, selections are updated on the Yeowsa website. Eventually, these are simply published for everybody, for free (a point that will become salient a little later). However, for those who have actually subscribed, you receive these earlier in the day via email. This helps you to get much better prices on horses and improve the profit potential.

Whilst the team behind Yeowsa do provide a lot of information in their emails, including advised odds, this is something where I would recommend shopping around. Especially if you aren’t a paid subscriber. The fact is that the prices do change from the time emails are sent out and if you aren’t privy to those early prices it can be a minefield. But honestly, given the relatively low volume of bets and the simple approach here, I would do that irrespective.

Which brings me to an element of Yeowsa that I really do like to see. Namely, a bit of selectivity. Don’t get me wrong, Yeowsa does have some busier months. In terms of the volume of bets this has historically been as high as 84 bets in a single month. But this year to date, proofing demonstrates an average of around 30 per month.

This is a big help in terms of the risk management that you need to consider. Intentional or not, betting only when there is a decent bet can help to limit drawdown, keep a strike rate high, and ultimately win more money in the long run. All of things that are not just positives, but actively desirable if you are considering Yeowsa as a part of something bigger.

Whilst we’re on the topic of risk management, I want to talk bets. As I always say, there aren’t really many betting markets when it comes to horse racing. You can bet on a horse to win, place, or you can lay the bet. Everything else is just complications on this core premise really. And in the case of Yeowsa, you are backing on horses on an almost exclusively each way basic (with the odd straight win bet as well).

In theory, this should provide a decent combination of bigger win bets that boost your profits and horse placing that help to mitigate losses. And with BSP’s frequently in the double digits, this looks like it should work out. Unfortunately, these higher results are typically as a result of odds lengthening before the off. Interestingly, looking at March, the odds tend to shorten slightly to SP. So, there is apparently some rationale.

All of this means that you should probably look to expect some reasonable profits from Yeowsa. Especially when you look at the long term average strike rate of some 27% (a number based off their proofing to Racing Index, a discrepancy compared to their own results, but I’ll a come to that). This just doesn’t seem to have been the case though with the stakes ending up quite pricey.

Because with Yeowsa, it is generally recommended that you are betting 1 point each way on most bets. That means a 2 point loss for the bulk of your bets, and that can really start to add up. Especially when you hit a bad month. For example, proofing shows a loss of 21.89 points to SP on Racing Index in January. And despite small profit for February and a larger profit for March, you don’t really make a dent in the drawdown.  

How Does Yeowsa Work?

Rather unfortunately, we aren’t really given any insight into how Yeowsa works. This is a little bit problematic in my mind. As I always say, I don’t necessarily expect any step by step breakdown of how selections are found. But I also believe that you should be given enough information to make an informed decision about what you are getting into.

Really, when you are looking at Yeowsa, you are effectively just taking the word of somebody that they have an ability to produce profits through Irish horse racing. Don’t get me wrong, there is a following of the news that suggests that whoever is behind this does have at least some interest in the sport. But that doesn’t necessarily mean that their advice is worth paying for either.

With that said, I do think there is a lot of mitigation here. First and foremost, there is the very obvious fact that you can follow the selections for free. Admittedly, the fact that you are unfortunately dealing with worse odds does impact the usability of the service, but there is a lot to be said for that “trial by fire” approach.

On top of this, there is some proofing that is provided as well. Unfortunately, I do believe that there are a number of discrepancies in terms of how results are recorded. For example, on March 21st, there were 4 tips advised. Crack on Corrie, That’s Mad, Fag An Bealach, and French Light. The proofing for Yeowsa on both Racing Index and their own proofing only record Crack on Corrie as being the only horse for that day. Despite the fact that the others did run.

What is the Initial Investment?

As I’ve mentioned a few times in this review, you can technically follow Yeowsa for free. Their bets end up available on the website eventually. Unfortunately, the later prices do have an impact on the value that you can get. There is however also a paid option which is act4ually pretty reasonably priced at £10 per month.

It is worth noting that payment for this is handled via PayPal. This means that there is little recourse in terms of claiming a refund if you aren’t happy with the service. Now, this isn’t said with the intent of criticism. This kind of thing is pretty much standard across the industry. It is simply something that is worth keeping in mind.  

What is the Rate of Return?

The sales material for Yeowsa makes a lot of the results for March. And reasonably so, because the service has a profit of some 30 points. Even to industry SP, the number drops to around 25 points. Still a solid looking result, all things considered. Unfortunately, that isn’t necessarily the complete picture here.

Given that Yeowsa openly talk about how they proof to Racing Index, I don’t think it’s unreasonable to look at the results there. These go back to June 2020 and show a current loss of 38.39 points to SP. Meanwhile, to BSP, the profit sits at 52.52 points. Realistically, the numbers could be improved on using advised odds/BOG.

Conclusion for Yeowsa

I can say with confidence that I have a lot of respect for Yeowsa and what is being done here. This is a service that looks at a rather overlooked element of horse racing and effectively, provides you with tips for free. Entirely in and of itself, this kind of thing makes for a service that is worth some consideration.

But how does Yeowsa start to stack up when you also factor in a monthly subscription? Well, that all depends on what kinds of results you are looking at. The team would clearly have you believe that march is smashing it. And it is. A 25 point profit to industry start price is bloody good looking. That isn’t the whole picture though.

However you want to dress it up, Yeowsa can struggle. And looking at Racing Index, it can struggle a lot. Historic monthly losses have ranged from just 3.98 points all the way up to 35.45 points (to SP). That is a fair old amount to be down in a month. And when you start to add those numbers up, it can get much worse. In 2020, Yeowsa was 63.6 points in the red. That is not inconsiderable.

All of this raises the question of what you choose to believe. And at this point, I think I would like to address the Yeowsa team directly. I cannot recommend enough streamlining your proofing. Here’s the thing. I do this for a living. I look at tipster services day and day out, and whilst I am aware that there are often discrepancies (of sorts) with Racing Index, most people will not be. Which is a shame, because they rarely paint things in a more flattering light.

If you really want to know my thoughts on this… Well, I just don’t quite know. I know this is always a cop out answer, but Yeowsa is something that deserves some attention. I genuinely believe that there is at least a half decent betting system underpinning everything. And at a tenner a month, you don’t need to be making much to be in profit. But there are questions about how realistic a profit may actually be.

Really, I think if I were considering Yeowsa at the moment, I would be looking to take advantage of the free bets and bet on paper. Give it some time, see if March is as anomalous as it seems to be. After all, as a consumer, you have time on your hands here. And the beauty of it is that whatever results you are getting, you can almost definitely improve on them if you are on paying that modest cost for earlier advice and advised odds.

And if it all falls apart and you aren’t actually “making money”. Well, at most, you have wasted a little bit of time monitoring some bets, and possibly had a bit of fun doing it. Either way, so long as you aren’t investing cash blindly, it looks like a bit of a win win.

 

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From: Simon Roberts