READ BETWEEN THE LINES : 40% ROI Horse racing tips

OVERVIEW :

READ-BETWEEN-THE-LINES has been providing Horse racing tips since June 2021 with 11 profitable months from those 15 total months tipping – that’s 73% success rate.

The tips have produced an incredible 41% ROI.

On average there’s 2 tips per day typically advised at 10 pt. which means, at £1 per point, you’d be betting around £20 per day.

Based on past results at best there’s been a 100% chance of making a profit with READ-BETWEEN-THE-LINES during any consecutive 4 months.

TIPSTER SKILL FACTOR : LOW

The p-value, which gives a measure of how likely it is these results to be achieved purely by chance is 0.0119 ( to 4 decimal places ).

This indicates its unlikely READ-BETWEEN-THE-LINES’s results could be achieved by pure chance.

LOSING STREAKS : FAIRLY SHORT

How long will losing streaks be?

Over 15 months there have been 995 tips. The Win Rate of these tips has been 21%. This gives an ELLR (Estimated Longest Losing Run) figure of 30. In other words you should have been prepared for 30 losing tips in a row over that number of tips.

With the current ROI and number of tips per day you should prepare for encountering the following:

• Over the next month: At least one run of 18 losing tips.
• In the next 3 months: At least one run of 22 losing tips.
• During the next 6 months: At least one run of 26 losing tips.

TIPSTER RISK FACTOR : LOW

The finance industry uses a coefficient of variation calculation to measure how risky an investment is. In simple terms its the ratio of the standard deviation to the mean.

But in even simpler terms its looking at the monthly ROI figures – are they always about the same or do they vary a lot?

If they vary a lot that means performance is volatile and volatility means risk.

READ-BETWEEN-THE-LINES‘s coefficient of variation figure is 1.38 indicating performance is stable and risk is low.

VALUE FOR MONEY : VERY GOOD

Does the subscription cost for this tipster represent value for money?

At £39 per month the subscription cost is reasonable.

With an ROI of 41% this means each 1% of ROI costs £0.96 which is great value.

However, taking out a 3-month subscription will make things relatively cheaper per month and you can always cancel the subscription and get a refund if things don’t work out.

BETTING STAKES : LOW

How much am I likely to be betting every day?

£0.20 /pt. to cover subscription cost
Doing the calculations based on 41% ROI from 2 tips a day at the average advised stakes of 10.5 pt. you’d need to be betting at £0.20 per point just to cover the £39 subscription cost.

£0.60 /pt. to clear £100 profit
If you were looking to make somewhere in the region of £100 clear profit a month, over and above the subscription cost, the staking levels would need to be around £0.60 per point. This means betting in the region of £15 a day.

N.B. This is purely an indication of the scale of staking. Its never going to work out this way in real life – the ROI for the month will be different, the number of tips per day will be different and the advised points per tip can change.

BETTING BANK SIZE : 460pts

How much money do I need to start with?

The size of Betting Bank required to adequately follow a tipster is based on a combination of the average stake size and the Estimated Longest Losing Run (ELLR).

The formula used here to calculate the size of Betting Bank is: Betting Bank Size = 2.5 x ELLR x Average Bet Stake

This is sufficient to withstand a worst-case scenario of two (2) longest losing runs in quick sucession and still have something left (0.5) to continue betting.

The first month betting bank size for READ-BETWEEN-THE-LINES would be around 460 points.

So, if you were betting at £0.60/pt stakes hoping to make £100 clear profit the Betting Bank would need to be around £300.

EXPECTANCY : AVERAGE

How long before I can expect to make profit?

1 MONTH: If you’d followed READ-BETWEEN-THE-LINES for 1 month at any time since the service started there was a 73% chance you’d make a profit. Looking at it another way you were 3 times more likely to have made money than lost money in any one month and your profit would have been 4 times more than the amount you might have lost – an average of 2230 points profit versus an average loss of -500 points.

2 MONTH: Following for 2 consecutive months at any time since the service started there was a 86% chance you’d make a profit. You were 6 times more likely to have made money than lost money in those two months and your profit would have been 4 times more than the amount you might have lost – an average of 3770 points profit versus an average loss of -1000 points.

3 MONTH: If you’d followed for 3 consecutive months at any time since the service started there was a 92% chance you’d make a profit. You were 12 times more likely to have made money than lost money and your profit would have been 8 times more than the amount you might have lost – an average of 5340 points profit versus an average loss of -640 points.

Find out more about READ-BETWEEN-THE-LINES here

If you enjoyed this article and found it useful you can subscribe to thebetinvestor to get notified when new articles like this are posted.