As most readers will know, my selection today was a non-runner. I would be very grateful if no one mentioned the name of the selection on the blog. As you will have guessed, I thought this was a near certainty today and I don’t want the world to know about it.
The horse is not entered to run anywhere in the next week, so we will need to be patient.
I’ve decided to do a post tonight to try to get some feedback from readers about what they think I should do next month. Feel free to post comments on here or for a more private discussion, drop me a note to my hotmail account and I’ll reply through that.
As I’ve made clear on here, it is ultimately my intention to use my knowledge to help others make a decent profit from this game. In return, I’d hope to gain an extra income stream as a reward.
As you know, I work full-time but even so, I can’t really afford to gamble, so I know I can’t make this game pay at the moment. I also don’t have the time to trade apart from a Saturday which isn’t much good, so I know my income from Betfair isn’t going to be very much.
However, what I do have is a real passion and skill for analysing races and of course, I can make time every night to study form. I initially agreed to give everyone a trial of tips and analysis for a month so I can prove that I know what I’m talking about and to convince people that I’m not trying to con anyone.
Anyone who has been reading the blog from the beginning or even for the past few months has probably got to know me quite well and I’ve been in contact with many of you through emails at various times.
I received an email from a reader last night who told me to go back and read the comment that Keith Driscoll made a few months ago. For those that didn’t see it, Keith had obviously spent time looking at the Handicap Forum where I was posting up race analyses on a daily basis for over a month. In a two week spell, I made 61 points profit from 39 races from one point wins. He used the quote “there are very few flat form-book readers who are as bright as you.”
Keith is a professional gambler I believe who also runs a tipping site. The gist of his comment was that I was wasting my time trading and that I should be trying to find a professional punter to bankroll my selections or asking a tipping site to give me a trial so that I can sell tips.
I dismissed his comment at the time to be honest as I had no intention of trying to join a tipping site as I know most of them just exploit their customers. I also didn’t like the tone of Keith’s email and I’m sure he thought he could exploit me by giving him free tips for his tipping services.
As it turns out, I think Keith was ultimately right in his assessment of my trading. You don’t need my knowledge to scalp on Betfair and I don’t think it helps me in the slightest. On the other hand, I don’t want to join a tipping service and get paid peanuts for giving them selections and analysis every day. As you will have guessed, I’m trying to cut out the middle man by providing the tips myself.
This week is probably a great example of why I need to sell my analysis and tips to people. I have won £60 this week from gambling and being honest, I must have put about 12+ hours work into form study and selections as well as writing up the analysis and sending out the emails.
I’d be better off packing in the blog and the whole Betfair experience and getting a job stacking shelves in the evenings to earn a few extra bob!
However, I know from the emails and comments that others have made money from my analysis and selections this week. Being honest, without sounding smart, I’ve given 6 selections and 5 have traded well below half in running. I’ve also analysed another 6 horses and all 6 have traded below half IR and 3 of them were in the same bloody race! I’ve also given an 11/1 as a selection and a 20/1 when I narrowed it down to 4 possible winners.
In any race where I have narrowed the field down, I’ve always selected the winner and therefore, you could have laid every horse in the field that I said couldn’t win!!!
I’ve had emails from people saying that they are laying multiple horses I dismiss, people are laying the shorter priced horses I dismiss, some people are trading my selections to lay off IR, some are betting on multiple selections, some are following my staking plan and gambling etc.
One thing I’ve been really keen on saying on here is that there are many ways to skin a cat on Betfair. Using my analysis, this is definitely true. Some people will have been disappointed I’ve only had 1 winner thus far but I’ve not had much luck in my opinion, so I’m not too worried about how it’s going. 1 winner from 6 selections isn't too bad......
Obviously, I need to start thinking about what will happen from next month. Assuming I get on OK for the remainder of this month, I can’t go on spending 20+ hours a week doing race analysis and sending out free information and maintaining my blog.
I’ve also been helping a few people out with regards to form reading through emails over the past month or so and I think there is also maybe a demand for people to get a more personal service where they can learn from me and ultimately, in time, use my methods to select their own winners. I’d be open to this sort of thing if there was a demand for it.
I’m also thinking a private chat room for subscribers would go down a treat. Obviously, I’d be able to use the room to share opinions and views on other races as well as the ones I tip and this could also be used as a learning tool to aid the development of potential form readers who want to learn.
As you can see, the possibilities are endless……..
At the moment, I’m thinking about the following types of service:
- All selections by email or text or both (no analysis)
- 3* selections by email or text or both (no analysis)
- All selections by email with analysis
- 3* selections by email with analysis
- All selections by email with analysis and access to private chat room
- All selections by email with analysis and access to private chat room with frequent interactive group tutoring etc.
- Multiple selections to lay in races (no analysis)
- Single selections to lay in races (no analysis)
- Multiple selections to lay in races (with analysis)
- Single selections to lay in races (with analysis)
- All selections by email with analysis and access to private chat room with tutoring and all laying services with analysis.
Obviously, I’m not going to offer all of the above services but it will be driven by what people want. I’d only offer 2 or 3 services at the beginning but I could expand this in the future if there is demand.
I know the gamblers are only interested in tips and therefore, they don’t want the analysis. People who make their own books on Betfair and back or lay multiple horses would be more interested in the analysis or the laying services etc.
The above list is not an exhaustive list of options and I’m really looking for some help from potential subscribers about what they want from a tipping service. Lots of my readers use tipping services which are currently out there and therefore, I want them to see me as a blank piece of paper. If you had to build a tipping service from scratch, what would you want from it?
Traders, I’ve been really keen on telling people to back my horses and lay IR at half the price to get an Evs winner. Is there a demand for this service?
One thing I’m very keen on doing is providing a free month of selections when the subscribers don’t make a profit in the previous month. For example, if Betfair traders wanted to back and lay at half the price, if I don’t get more than 50% of winners by this method, they would get the next month free. They may lose money from my selections if I ever do very badly but they will make it back in the future months no problem.
I’d be really keen on getting people’s opinions on the options above and the post in general. As you can gather, I want to offer a tipping service that has very little risk attached to the subscribers. I want to carry as much of the risk as possible.
If I win 100 points in a month and then have a losing month where I lose 5 points, the subscriber would be 95 points up and yet, they would still qualify for the next month free.
Some people will be reading this and thinking I’ve lost the plot but as I keep saying on here, my edge is so large, I really don’t think I’ll have many losing months!!!