The term “tipster” isn’t used very often in the English language, but it will become more and more popular with the increase in sports betting. A tipster is a person who provides information to sports bettors about the likely outcomes of sporting events. This is a third-party, and the tipster is not the one that is actually placing the bet, but rather just passing on information to help a bettor.
Tipsters have been more commonly found in horse racing in the past, but they are starting to pop up in other sports as well. There are several different types or varieties of tipsters, but they all have the same general principles.
Strong knowledge about sports in relation to the odds
A tipster is someone that has a lot of knowledge about a particular sport, and is able to use that knowledge to help sports bettors make money. Some tipsters are able to focus on a wide range of sports, but most of the time they tend to focus on one sport, and become an expert in that field.
A sports betting tipster was more secretive in the early days of sports betting, but are growing in both popularity and demand as sports betting increases around the world. Most tipsters will charge a fee for their services, but some still offer free betting advice to their followers. A tipster spends a lot of time gathering information, and studying recent outcomes to give a bettor solid betting advice. The bettor has the chance to win big, but the tipster is the one that is doing all of the work.
How does a tipster work?
Tipsters have been around for a very long time, but the way that they do business has changed in a big way. A tipster used to trade their information with a bettor for other goods and services, but now they mostly charge a fee to anyone that wants their information. Many tipsters operate websites or forums to share their information out daily, and many of them require a subscription to see their content.
Using the internet and new technology allows a tipster to get out information a lot faster, and they can help influence a greater number of bets across a variety of sports.
Looking for value
Tipsters don’t usually make any bets themselves, but they do suggest what types of bets should be made by their audience or subscribers. A tipster is not in any way associated with the bookmaker, and is usually much more knowledgeable about a particular sport than those that set the betting odds. The number one job or responsibility of a tipster is to help their audience win against the bookie, and they take great pride in being more right than wrong. In a previous article we will explain you why we at Transparent Bets share our valueble betting tips with our customers.
While most of the time a tipster is trying to determine a certain outcome from a sporting event, they are also looking for “value” in the sports betting world. If a sportsbook has set a line too high, or a tipster thinks that there is a large gap between the odds and what they feel will happen, then they will suggest a value bet. Being a tipster is not an easy job, and requires a ton of studying and research before making just a single tip.
Different approaches a tipster might take
There are a few different ways that a tipster will go about recommending a bet to their audience or subscribers. Most tipsters will use information that is available to the public to come up with a winning bet for that particular sport. Other tipsters are considered more of an insider, and they are able to use information that is not available to the public to use in their tips. These types of tipsters will almost always charge a fee, and are not as easy to find.
The use of statistics and analytics has become more and more common with tipsters, but this wasn’t always the way that a tipster made their predictions. Tipsters used to just gather basic and general information about the opponents, and offer up a tip based on the odds that the books had set. Nowadays most tipsters use statistics and a model to make their estimations about how an upcoming event will go.
Most newspapers in the United Kingdom have a tipster columnists that provide tips for bettors who place bets on horse racing. The tipsters don’t have enough time or space to give a suggestion on every race, but they will offer up their “nap” or “nb” selections. A “nap” is the name given to the tipsters most confident bet of the day, and a “nb” stands for next best. Some websites in the United States employ this same type of system on the other sports that they provide tips for.
What makes a good tipster?
There are several different aspects that make for a good tipster, but the number one aspect has to be the percentage of their bets that are indeed winners. A sports betting tipster will never guarantee that a bet will win, but they must stand by every tip that they make. Assuming that each bet is always made with a constant unit, then it is important to keep track of how a tipster does in terms of making money.
You should find a tipster that has these statistics available to you, and can show you their yield (effectiveness) and profit (winnings). These numbers could always change in the future, but finding a tipster with a great track record should give you confidence in following their lead.
Reputation and size of followers is another attribute of a good tipster. Almost all tipsters will charge a fee for their services, but only the best ones are actually worth the price that they charge. If a tipster has a ton of followers or daily subscribers then odds are that they have a pretty good track record of offering up some good tips.
A good sports betting tipster will also deliver their tips in a timely manner, and will make their information accessible to their followers or subscribers. There are plenty of people out there who think they can make money on sports, but only tipsters put in the time and effort to make it happen. We will elaborate on this further in our article “betting tipsters most important criteria“.