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Guide

How to Judge a Horse Racing Tipster: 9 Checks Before You Pay

Anyone can call themselves a tipster, and almost every tipster says they make a profit. These are the checks that separate a record you can rely on from one you can't. They apply to every service, including ours.

1. Is the record independently proofed?

Proofing means an independent third party records each tip before the race is run, so the tipster can't add, remove or change bets afterwards. The Smart Betting Club is one of the best-known proofing services for UK racing tipsters: it receives each tip before the race and keeps its own record, and only reviews a tipster after many months of proofing.

A tipster's own spreadsheet, website table or screenshots are not proof, however honest they look. They may well be accurate, but you are taking their word for it. Ask who proofs the record, since when, and whether you can see it.

2. Were the tips timestamped before the off?

Every tip should have a time on it, and that time should be before the race started. Look for tips sent through a channel that stamps the time automatically and can't be backdated. A record that lists only the race and the result, with no posting time, could have been written after the event.

3. Is every bet published, losers included?

A genuine record shows every tip: winners, losers, non-runners and the bets that went wrong. If you only ever see winners, or the record skips days, weeks or whole months, assume the missing bets lost. Check that the stake on each bet was set before the race too. Doubling the stake on winners after the event is an easy way to flatter a record.

4. Look at return on stakes, not strike rate

Strike rate is the share of bets that win. It's easy to quote and easy to inflate: back enough short-priced favourites and you'll win often while losing money. What matters is return on stakes: profit divided by the total amount staked. A tipster with a 15% strike rate at decent prices can be far more profitable than one with 50% at odds-on.

Make sure profit is shown in points, with the staking rules explained. A figure in pounds means little unless you know the stakes behind it.

5. Is the sample big enough?

Racing results are noisy, and a short run proves almost nothing. Take a tipster whose bets average around 5/1 and who has no edge at all. Over 100 one-point bets, luck alone moves the return on stakes by roughly 22% either way (one standard deviation). Over 1,000 bets that narrows to about 7%. So a hot month, or even a hot three months, is well within what chance produces.

Look for hundreds of bets at the very least, ideally over more than one season, and look at how the profit is spread. A record built on one or two huge-priced winners is less convincing than one that has ground out a profit across many months.

6. Best odds guaranteed or advised price?

Many tipsters settle their records with best odds guaranteed (BOG): if a horse drifts and wins, the record takes the bigger starting price. That is a fair way to settle if you can get BOG on every bet, but plenty of punters can't. Bookmakers often remove BOG from winning accounts, some only offer it from a set time on race day, and exchanges don't offer it at all.

BOG can only ever add to a record, never reduce it, so a BOG figure is always at least as good as the same bets at the advised price. Ask to see the record at advised prices only as well. If the profit mostly disappears without BOG, that matters if you can't get it. Our guide to best odds guaranteed explains it in more detail.

7. Could you actually get the advised price?

A tip at 10/1 is only worth 10/1 if you could have taken it. Ask where the advised price comes from: the best price on an odds comparison site, a particular bookmaker, or the price most bookmakers were offering. A price only one bookmaker had, for a few seconds, or only for small stakes, isn't one most members could get.

Popular services can also move the market themselves: when hundreds of people back the same horse at once, the price shortens quickly. A fair record uses a price that was genuinely available when the tip went out, and says how it was chosen.

8. Do the tips beat the starting price?

Closing line value means comparing the price a tip was given at with the starting price. The market at the off pulls together a huge amount of information, so a tipster whose selections regularly start shorter than the advised price is finding prices the market later agreed were too big. Over a large sample, that's one of the better signs of a real edge, and it shows up faster than profit does.

Two caveats. A popular tipster's own followers can shorten a price, which flatters this measure. And the SP includes the bookmakers' margin, so the Betfair starting price is a sharper comparison where it's available.

9. Losing runs, drawdowns and the bank you need

Every tipster has losing runs. At average odds around 5/1, a run of 20 or more losers in a row is normal over a few hundred bets. Ask for the biggest drawdown (the largest fall from a high point in the record to a later low) and the longest losing run, and check that the staking plan would have survived them.

Work out your bank before you start. Many punters use around 100 points, so a typical bet is 1% to 2% of the bank. If a service's worst drawdown would have wiped out the bank you're planning, the stakes are too big for you. Our staking calculator turns points into pounds.

Red flags

How The Gallop measures up

Here is what we do, so you can put us through the same checks.

Our transparency report explains how the record is kept and settled. Past results don't guarantee future profit.

18+ only. Gambling can be addictive: the National Gambling Helpline is 0808 8020 133.

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