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Listening to tipsters
Betting Tips | 11-11-09
It is about time that I mentioned about another way to gamble badly. I think that I should mention that blindly listening to tipsters is a route to the poor house. If you read my posts then I do not tip things although in a way I do if you blindly want to follow what I say which isn't advisable.
I mention what I do and why but in no way do I act as a tipster. If you are going to accept tips from someone then you had better make sure that they know what they are talking about and that they have a track record. Listening and following tipsters is all so easy to do, most people do not have the necessary expertise so they attempt to short cut the process by following tipsters. They are partly correct to do so as your average Joe simply hasn't got the time to work through data and formulate opinions that would be superior to that of someone who follows the sport day in and day out.
But this is why tipsters are so popular, the problem is two fold. Firstly unless what a tipster is tipping is connected to a certain price then it really is of little use. Also you have to remember that tipsters are paid to tip in an awful lot of cases and this is especially the case with the newspapers in their horse racing sections.
Quite often they make tips on every single race and end up merely recommending the favourite as the easy way out. So if you are going to follow a tip then you will be faced with several problems. Of course, following a tip as a one off can do little harm but I am talking about someone following tipsters on a regular basis. You need to know their record and also how they arrive at the tips that they give and why. In many cases this is not known. Some of the best tipsters connect prices with their tipping and this is a big step forward.
This means that the tipster understands the probability of the selection and what its theoretical price should roughly be. It also means that they are advising the reader not to place a bet unless it is at the recommended price.
So beware and use a little forethought before using tipsters.
Carl "The Dean" Sampson
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