Betting Mastermind is a product from Betfan- a company that markets products for various racing tipsters.
So what’s relatively new about this product is that it is a venture between Michael Wilding aka The Race Advisor, a prolific and successful punter and Betfan and has taken on board the concept of scanning a group of tipsters each day and whittling down the selections to those horses that are considered to have the best chance on the day.
The advantage for us,the end user, is that we only have to pay one fee as opposed to a separate fee to each tipster sampled and hopefully the best chances of success will flow from the combined brains of the sharpest tipsters. Betting Mastermind comes in at £47 for 28 days but reduces if bought quarterly, down to £1.10 per day.The system is simple in operation; after paying the fee, you receive log in details to a site where the selections are posted. The selections are also sent via email, although this tends to be closer to the afternoon’s racing so best prices may well have gone by the time this arrives. Selections are generally advised at 5 points and are Win bets.
Since inception in Jan 13, Betfan claim proofed results to Betfair SP for the system to date of some 2,100 points with an average Strike rate of 40% which is a very impressive claim. The best month to date was in October 13 when they hit 408.8 points and the worst losing month was some 53 points in August 13.
So are they right?
I tested this service from 12th November 2015 until 27th January 2016.
This covers the period of 1 Jan 2016 -27 Jan inclusive :-
A quick recap we are using a 200 point bank and £10 per point -the majority of tips are 5 point Win singles All returns are based on Betfair SP and net of 5% commissions -the
starting bank on 12th Nov was £2,000:-
Opening Bank 1 Jan 2016 £1554.01
1 Jan 1 x loss -£50
2 Jan 1 x loss -£50 1 x Win £25.17
3 Jan 1 x Win £142.50
4 Jan 1 x Win £128.25
5 Jan 1 x loss -£50
6 Jan 2 x loss -£100
7 Jan 1 x loss -£50
8 Jan 1 x Win £52.25
9 Jan 1 x loss -£50 1 X Win £58.42
10 Jan 1 x loss – £50
11 Jan 1 x loss – £50
12 Jan 1 x loss – £50
13 Jan 1 x loss -£50
14 Jan 1 x loss -£50
15 Jan 1 x loss -£50
16 Jan 2 x loss -£100
17 Jan 1 x NR
18 Jan 1 x loss -£50
19 Jan 1 x loss -£50 1 x Win £114.47
20 Jan 1 x NR meeting abandoned
21 Jan 1 x loss -£50
22 Jan 1 x loss – £50 1 x Win £153.42
23 Jan 1 x loss -£50
24 Jan 1 x loss -£50
25 Jan 1 x loss -£50
26 Jan 1 x NR
27 Jan 1 x loss -£50
Close Bank st Jan £1078.49
The trial has ended before the intended 90 days due to the losses incurred during the trial period which has resulted in the service being withdrawn.So the service has to go down as a FAIL.
