Betting Tips UK – Final Review (Terminated Early)
11th October 2011
Important Announcement On The Review Of Betting Tips UK
On Sunday 25th September, which was Day 42 of the Betting Tips UK review, the betting bank used to place bets with went bust.
There were 40 tokens left to play with, but tokens are deducted when a winning bet is tipped – therefore, the amount outstanding was irrelevant as there was no betting bank to place the tips with in the first place.
Should You Have Carried Onto Day 56 Regardless?
The betting bank used (20 pts @ £25 per pt = £500) was recommended on the Betting Tips UK website…copy and pasted from the site today : “You can stake at £25 per bet with a £500 bank, and £50 per bet with a £1,000 bank. Generally your stake can be up to 5% as a maximum. So, if your bank was £400, your stake can be up to £20. Alternatively, if your bank was £2,000, your stake can be up to £100. The 5% level is considered to be safe and has worked throughout our history.”
So having followed the advice given by Betting Tips UK, and wiped out the bank, I consider it appropriate to terminate the review early.
Any Other General Observations?
For the first forty days of the review, there were two different types of email received : 1) Selections and 2) Results update. The Results update was a detailed synopsis and on how the bets had gone, the reasoning behind them and a look to the future. I found these quite informative and enjoyable to read. It was also quite handy as it gave the profit/loss figure for the day which I could check my figure against and prove that the profit/loss I was reporting was accurate.
However, from day 33 onwards, the detailed synopsis disappeared, and from Day 41, the results email disappeared altogether with not even an attempt at an explanation. The FAQ section on their website has been amended to say ‘We no longer provide a results update’.
In addition, when I went on the Betting Tips UK site to have a look before starting my review, there was an interface to allow you to comment on the day’s advice. I can’t be specific as to when, but this has also disappeared, and I can find no information in my emails to explain this.
Whilst the above points aren’t reasons alone to terminate the review early, it does seem to suggest a worrying downturn in what was an excellent customer service.
How Was The Bank Broken?
The review ran for 42 days. One of these was a no-bet day so we had 41 betting days. Of those 41 days, 27 of them returned a loss on the day, compared to 13 days that returned a profit (1 day returned 0 profit).
In terms of the cumulative (overall) profit/loss, we were in profit for 12 days, and running at a loss for 29 days.
|Day||Date||Daily P/L||Cum P/L||Day||Date||Daily P/L||Cum P/L||Day||Date||Daily P/L||Cum P/L|
Above is a table I have cobbled together (as I can’t seem to master Excel charts/graphs, quite worryingly!).
The third column highlights the problem quite well. We went into Day 30 (13/09/2011) with our cumulative balance at +5.06 pts, which at £25 per point equated to £126.50 in profit.
However starting at Day 30 and going up Day 42 inclusive, of those 13 days, there was one day in profit of +2.32 pts and 12 days of losses totalling -27.59 pts for a net total over that period of -25.27 pts (equates to £631.75).
In the last 7 days alone, Days 36 to 42, there was a loss of -17.05 pts (-£426.05).
Betting Overview And Statistics
In the 41 betting days out of the 42 (one was a no bet day), the following occurred :
Total bets : 177
Winning bets : 63
Strike rate : 35.60 %
Average Odds : 2.50 (European), 6/4 (approx standard bookies odds)
The bets covered a range of sports including (but not limited to) snooker, football, darts, horse racing, tennis and cricket.
Having followed the advice given on the betting bank by Betting Tips UK and lost the lot, this review is terminated now.
More information about the set up for this product can be found in the Introduction post.
Sgt Rob reviews Betting Tips UK
Review Manager note 28th Nov 2011
We have been contacted by the vendors, saying that they are closing down the service. They say:
“We just wanted to let you know that Betting Tips UK is closing down, effective immediately.”