Horse Racing Reference
On this page 8 sections
- What is a Horse Betting Tip Service?
- How to Use a Horse Betting Tip Service
- How to Know if a Tip Service is Effective
- Horse Race Betting Service Pros
- Horse Race Betting Service Cons
- Red Flags to Watch for When Evaluating Tip Services
- Include the Subscription in Your Own Result
- Check What Was Available Before the Race
Picking the winner of a horse race at your favorite online racebook can be difficult. At EZ Horse Betting we are always looking for a simpler way to watch and wager on horse racing online. Something you might want to consider is using a horse betting tip service. These services sell selections or analysis; prices and results vary, and paying for advice does not make a selection more likely to win. One such service is found at BettingGods.
Like any other type of betting system, a tip service has its pros and cons. We’ve put together a little guide to help you determine if a horse betting subscription is the right thing for you.
What is a Horse Betting Tip Service?
Giving out winning selections has always been a part of the horse racing culture. From the track handicappers who sell tip sheets at racing events to the Hot Horse Harry’s that can be found hanging around every race track, tips are everywhere. Some of them cost lots of money, and some are given away for almost nothing.
The tip service is a bit different. The age of online horse betting has created a large number of websites where you can pay a professional handicapper for their race selections. Some of these online handicappers charge a monthly subscription and some of them charge by the tip. The prices can range from $10 to hundreds depending on the perceived value of the tip you receive.
A subscription price or professional-looking website does not establish that a tipster makes a living from profitable betting. Ask for the full record, the method of recording selections before races, and the prices used to calculate results. Apply the same checks to services linked from this site.
How to Use a Horse Betting Tip Service
The first thing you will need to do is decide which type of plan is right for you. You’ll either be purchasing single tips from time to time or you will be purchasing an ongoing subscription. Which one you choose depends on how often you make bets at your online racebook. If you follow only special race days, compare the price of an individual card with the full subscription cost. For regular research, compare subscription fees, selection volume, cancellation terms and whether the format actually fits your existing budget.
You can review or paper-track selections without opening or funding a betting account. If you choose to wager, compare eligible operators on coverage, current rules and payment terms rather than on their affiliate relationship with this site. Next, you will sign up with the tip service and choose your plan. After you have paid, your selections will be delivered through the service’s stated channel, which may be email or an account page.
The final step is to go to your online racebook and make bets using the information that you have received. Some tip services will give you more than winners. They will also provide you with betting suggestions that help you maximize the value of your tips. You’ll be told how to use the selections in exotic bets like trifectas, exactas, and superfectas.
Before following a tip, check the horse, race, market, price and total suggested stake. A string of losses can occur even with sound analysis, and moving to the latest winning service after every setback can mean repeatedly chasing past results. Set a review period and spending limit before subscribing.
How to Know if a Tip Service is Effective
A tip business can earn subscription revenue independently of whether its subscribers achieve betting profits. Subscriber retention and polished marketing therefore do not establish effective selections. The relevant question is what the complete, prospectively recorded selection history shows after realistic prices, stakes and fees.
There is no universal minimum win percentage that makes a paid service worthwhile. Strike rate must be read alongside prices, stakes, sample size and fees. A service choosing short-priced horses can win frequently and lose money, while a lower strike rate at longer prices can produce a positive historical return. Neither pattern guarantees future results.
For example, ten $2 bets cost $20. Six winners at 1–2 return $18 in total, a $2 loss despite a 60% strike rate. Three winners at 3–1 return $24, a $4 betting profit despite a 30% strike rate. These simplified examples assume identical prices for every winner, no adjustments and no subscription fee. They demonstrate why “at least half must win” is the wrong test.
Some tip services compensate for a low win percentage by only offering selections at long odds. You will have to decide if cashing fewer tickets at longer odds is the right approach for you.
Horse Race Betting Service Pros
- Can save selection-research time, although you still need to understand the proposed bet.
- Get monthly or weekly tips depending on your betting level.
- May introduce racing angles or meetings you would not otherwise study.
Horse Race Betting Service Cons
- Some services are scams. Use care in choosing your tipster.
- Can be expensive.
- A scratch may leave no selection for that race; check the tip-service policy separately from the operator’s wager-refund rules.
Related:
- Don’t Listen To Tv Handicappers
- 5 Reasons To Pay a Tip Service To Make Your Horse Racing Bets
- Ez Horse Betting Correctly Picks The Pegasus World Cup Superfecta!
- BettingGods Review
- BETMIX – High Tech Handicapping Software
Red Flags to Watch for When Evaluating Tip Services
The horse betting tip service industry contains a full spectrum of quality from genuinely useful services with verified long-term records to fraudulent operations that manufacture fake results and profit from subscription fees while providing no real analytical value. Knowing the red flags that distinguish the latter from the former protects you from expensive mistakes. The most obvious red flag is an inability or unwillingness to provide a complete, independently verifiable record of all tips — not just the winners highlighted in marketing materials but every single selection including the losers. Without this record, you cannot verify the advertised performance; that is reason to withhold confidence rather than proof of a particular hidden motive.
A second red flag is guaranteed profit claims. No honest service will guarantee profits from horse betting because the variance involved makes short-term guarantees meaningless and long-term guarantees impossible for anyone operating in good faith. A third flag is very high claimed ROI figures — there is no reliable universal ROI range that distinguishes an honest service from a fraudulent one. Examine the calculation, period, sample and obtainable odds, particularly when a headline depends on a few exceptional winners. Finally, be wary of services that charge for results they claim have already occurred — “past posting” scams that claim to provide winning tips after races have run are obviously fraudulent but continue to catch unsuspecting bettors. For more on evaluating tip services rigorously, our articles on 5 reasons to pay a tip service and don’t listen to TV handicappers provide useful guidance on where external advice is and is not trustworthy.
Include the Subscription in Your Own Result
| Item | Amount | What it means |
|---|---|---|
| Total stakes | $200 | 100 bets at $2 each |
| Total returned | $220 | Includes returned winning stakes |
| Betting profit | $20 | 10% of $200 staked, before subscription |
| Subscription fee | $30 | Additional cost of the advice |
| Overall result | −$10 | The subscriber lost money after the fee |
Keep advertised results and your actual follower results in separate columns. Different obtainable prices, missed tips or stake sizes can change the result even before fees. Include every selection in the service record, and mark unplayed tips as unplayed rather than inventing a return for them.
Suppose a month contains 100 bets at $2 each, with total returns of $220. Betting profit is $20 on $200 staked, or 10% before fees. A $30 subscription changes your overall result to a $10 loss. The service’s advertised betting ROI and your after-fee result answer different questions, so record both.
Do not increase stakes simply to make the fee look smaller. Instead, compare the fee with the amount you already intended to spend, or follow a free sample without wagering. Check renewal and cancellation terms before paying, including whether an introductory price changes after the first period.
Check What Was Available Before the Race
The ASA’s tipster guidance discusses independent proofing and whether promoted odds were available long enough for customers to use. For your own record, keep the tip’s timestamp, advised price, your available price, stake and final return. A screenshot of a winning result alone cannot establish when the selection was supplied.
If the tip arrives at 8–1 but only 4–1 is available when you read it, do not enter 8–1 in your follower results. Ask whether the advice specifies a minimum price; if it does not, the published profit still may not represent what you could have achieved. Keep losing and skipped selections visible as well as the winners.
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