Are Tipster Reviews and Profit/Loss Sheets Useless?

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I got into a bit of a debate last night on Twitter with a punter that I’ve known for a while. I was going to address it in today’s review but thought it could probably do with it’s own post.

The basis of the argument was that “reviews and profit / loss charts are useless”.

Now obviously I’m a big advocate for keeping a profit & loss sheet, and I also write tipster reviews. So I decided to start some discussion.

The argument evolved into the two following opinions by the other party:

  • Profit & Loss of a tipsters tips is useless because it doesn’t account for how people use the tips and so is inaccurate.
  • Reviewing a tipster in July isn’t comparable to other months of the year because it’s the worst month of the year for football.

Ok then, I’m going to challenge these two points here where I can type more than 140 characters. Please remember this is all opinion, just as this punter has the opinion above.

Profit & Loss of a tipsters tips is useless because it doesn’t account for how people use the tips and so is inaccurate

As I said I’ve known this punter a while and whilst I’m trying not to offend anyone – I find this statement completely moronic.

If a tipster keeps a P&L – they will track their tips as they tipped them and specifically at the odds that they tipped them. If they put in higher odds or odds a punter managed to get by waiting a bit I’m sure you wouldn’t trust them.

If a tipster kept a P&L that you were looking at – I’m sure you would like to see that it was in profit with the tips as they tipped them. How you yourself use their tips is irrelevant as what should matter is that you know they make a good profit & ROI.

You wouldn’t look at a P&L of a tipster that didn’t make a profit and think
“Oh it’s ok, I won’t use their tips like this I’ll wait for the odds to rise etc. so it’s ok I’ll make money off of them”

Especially if it was a VIP tipster you had to pay.

Reviewing a tipster in July isn’t comparable to other months of the year because it’s the worst month of the year for football

The argument here was that as as it’s the off season that excuses the tipster for poor results.

I completely disagree with this. If a tipster thinks that the games are too shit to tip or that they don’t know enough about the matches to tip – then they shouldn’t be tipping.

You are trusting tipsters with your money and they know that people will put money on their tips. If they aren’t confident in the tip and then blame the time of year you shouldn’t trust them.

 

I know quite a few tipsters who limited, or completely stopped, tipping throughout the summer. And for them that was the right call.

If you have a tipster who keeps tipping, they should be putting the same amount of research and have the same level of confidence on any tip they put out no matter what time of the year it is!

This is why you wont see me not reviewing a tipster just because it’s a certain month of the year – I’m not going to give them the excuse of “Oh it’s a bad time of year for football”.

If they are tipping then they are fair game for a review.

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