Australia is one of the best places in the world to be a punter. In terms of codes, domestic and international markets and a slew of online bookmakers that make getting a bet on extraordinarily convenient, it is hard to find a better place than Australia to make some wagers.
Australia is one of the best places in the world to be a punter.
In terms of codes, domestic and international markets and a slew of online bookmakers that make getting a bet on extraordinarily convenient, it is hard to find a better place than Australia to make some wagers.
Wagering is generally broken down into two main categories: sports and racing.
Sports punting is the simpler of the two. Almost without exception, the markets offered by the bookmakers for sports betting have only two possible outcomes. When a bet is made on an AFL, NRL or other team fixture, barring the rare drawn contest, one team will win and one team will lose.
There are sports wagering markets that break the pattern. The Tour de France cycling race for one and the Volvo Ocean Race for sailboats are two that immediately spring to mind.
This raises a question.
With so many team sports available for wagering where there are only two possible choices, why would any punter choose to make a bet on one of the racing codes, where every event has multiple competitors and long shots that are prone to upsetting favourites and destroying any betting strategy?
The short answer is that in Australia and around the world, racing markets are available 365 days a year, while many of the sports codes are seasonal in nature and have extended off-seasons.
Another consideration is that racing codes, precisely because of their propensity to provide unexpected outcomes, often offer odds that are more lucrative.
For our purposes, we intend to focus solely on thoroughbred racing, because it is the first choice for the majority of punters.
Horse racing has a long history and the statistics kept on horses and race results are so extensive that the law of large numbers comes into effect and patterns can be observed that lend assistance to finding successful and profitable punts.
The sheer volume of this information is so astounding, however, that the average punter can be overwhelmed and suffer a severe case of “paralysis by analysis,” that is, so much information that selection of a galloper becomes more a job than a recreational pursuit designed to supply entertainment.
That is where a thoroughbred racing tipping service can be of value in terms of winnowing the information down to a manageable level and supplying punters with quality wagers that have a high percentage chance of success.
A tipping service can also identify those horses that carry better than favourite’s odds, a factor that is critical to race punting profitability.
Considerations for Picking a Subscription-Based Tipping Service
There are more than a few tipping services. Unless you plan to try several, here are some things to ward off some of the less reliable services.
1. Extravagant Claims of Successful Results
If someone is offering to sell you something that seems too good to be true, it is probably because it is not true. When you see a tipping service claiming figures such as 100 or 200 per cent on turnover and the service is being offered at a ludicrously low price, ask yourself this obvious question: If you had the ability to supply this sort of phenomenal return, would you sell it to anyone, at any price?
You would not. You would use your knowledge to gain a fortune for as long as the bookies would take your trade.
2. Lack of Written Proof of Results
The legitimate tipping services maintain scrupulous records of their recommendations and the results of races are easily known from multiple outlets. A bit of research will show you what is widely known. Favourites win about one-third of the time. In races with eight or more horses, one of the top four selections wins about 82 per cent of the time.
Those figures come from over 100 years of historical results. Any tipping service making claims to be able to beat those figures is suspect.
3. “Limited Time Only” Offers
A legitimate tipping service will not force you to decide on a “deal” with a lower price for a quick decision that compels you to act before you have time to properly research and think things through.
4. Lack of a Trial Period
The good services offer free trial periods. This is your opportunity to do two things. One, you can evaluate their selections and track their results. Give preference to tippers who will give you at least two weeks to discover whether their recommendations hold water. Two, you can see what using the tipping service would have returned versus your own picks.
During your trial period, test the tipping service for responsiveness to any questions you might have. It might be beyond expectations to get an answer to a question about a race mere hours before the start, but it is reasonable to expect any question of a more general nature to receive a response in under a day.
5. No Provisions for Subscription Fee Refunds
Most of the better tipping services will offer discounts for longer subscription terms. These discounts are often substantial and appealing, but look for services that are willing to supply refunds on long-term subscriptions for which you pay in advance.
In some instances, you may have encountered a service and used their trial during one of their better streaks. If you determine, however, six months along, that a streak of poor results negates the value of the service, or if you simply decide that punting is not for you, you will want at least a partial refund for the unused portion of your subscription term.
6. Avoid Tipping Services that Try to Steer You to a Particular Bookmaker
Even the best tipping services receive compensation from the bookmakers when the bookmaker receives a new client as the result of that client establishing a funded account with a bookmaker as the result of clicking a link on the tipping service’s website. You will see advertisements for the bookmakers on many tipping service websites.
Look for a tipping service that presents the various bookmakers objectively and provides links to most of the bookmakers.