How to Win on Betfair. Wanna Tip? Don't Bet on Horses! Part 2: A Fool and His Money. By Mike Davies At Isnare.com Ezine Articles

Do not use paid for tips on the internet or anywhere else for that matter.

The whole point of creating your own Betfair "business" is that you have to learn to read the racing and spot the "value" yourself.

Once you enter the world of dubious online tipsters, text messaging services and phone tipping services you have already lost the essence of what you are trying to achieve.

We have all read the glossy brochures advertising tipsters who are claiming to have links with owners and trainers and "inside" information from stable hands and so forth.

The facts i'm afraid never stack up and their claims are based on huge marketing expertise, direct mailing and straightforward good ol' fashioned mistruth.

The data indicates that despite the warnings these marketeers rake in over £14 for every £1 they spend on marketing these insider "tips" and while the general public is so easily scammed these unfortunate people will be around well into the future.

The excellent website:

http://www.racing-index.com

allows tipsters who believe they have a valid "ability" in picking winners to proof their results to the website.

By "proof" we mean they publish their tips to the website in advance of the days racing and the website publishes the results of what would have happened had the tips been backed to level stakes.

It is interesting to note that when one returns to the site after a few months you will hardly recognize the participants which shows the dubious nature of these projects.

Racing-index.com provides an extremely valuable horse racing resource and challenges tipsters to prove their claims.

The site is totally independent so the tipsters can be shown to either perform or not.

It also gives you a flavour of just how difficult the pure back to win and lay to lose arenas really are.

Ultimately, the results vary month by month, and they usually average out to a small profit or loss bearing in mind that you have to factor in your subscription fee to the tipster.

One can see on examining the racing-index.com results that the leaders are no better than the results that could be obtained from using the Pricewise tips or the leaders of the daily naps competitions.

The winner of the naps competition which runs across the flat and jumps seasons usually posts around 30 points profit per season. Ie to £1 level stakes that would be a £30 profit at the end of the season.

The Naps is a very useful competition run by the highly recommended Racing Post:

http://www.racingpost.co.uk

Sports writers and journos running the entire gamut of the tabloid and racing press are challenged to make a daily prediction from each days race meets, over the course of an entire flat or jumps season.

The naps stakes these selections to £1 level stakes and tots up the totals.

Like I said the winner tends to average around £30/40 profit across a season, with the others making less profit, some breaking even and some posting a loss.

It's always best try to adopt a logical, reasoned, accountable outlook with respect to anything related to betting.

If these experienced racing journalists and sports writers who's job it is to try and pick one winner from an entire days racing cannot do it consistently and profitably, why on earth would you give money to someone with no credibility except a website and dubious claims about contacts with bookmakers, stable lads, trainers and owners.

Deep down, the desire to beat the bookies and make a profitable living from picking winning horses is so strong that these charlatans and tricksters continue to make a fortune from providing useless tips.

In the next part of this article I examine a particular method of field reduction that can form the basis of a highly profitable long term Betfair strategy.

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