It’s Safer Gambling Week from the 19th – 25th of November and I shall be sharing some useful articles to help anyone that follows the free betting tips on the site.
We have some very good tipsters here at BKTips. Some of them with long term ROI of over 10%. So in theory, if you start following the advice of these tipsters, then every £10 you stake, you will make £1 or more of profit.
Seems simple right? Don’t be fooled. Firstly, the results are never consistent. Even the best tipsters have long losing runs. If you happen to start following a tipster at the start of a long losing run, then you could end up losing a lot of money yourself, despite their impressive stats.
Missing winning tips is another factor. You will only match a tipsters profit if you back every tip at the same odds they promote. This is unrealistic. Why? Well, odds change quickly. The better the tipster the quicker the bookmakers will cut their odds. This is because more punters are placing bets, alerting a bookmaker to the popularity of a selection.
You could pop to the shitter, come back and realise you’ve missed the best odds on a tip. It can be infuriating, but you need to appreciate it does happen. If a tipster is promoting a 10% ROI, the chances are, if you follow them, your profit will be closer to 5%.
How much can you afford to lose?
This is the first question you should be asking yourself. If you the answer is zero then you shouldn’t be gambling in the first place. As mentioned above, even following the best tipsters comes with no guarantees to making a profit.
If you decide £100 is your limit then split that into pts. In this scenario, I would recommend £1 per pt. All of the free betting tips posted on BK Tips come with a recommended stake. This allows you to follow the tipsters staking plan and match their returns.
£1 might seem low and it’s not going to make you much of a return, but your first instinct should be “not to lose that £100”. Build it up slowly.
Increasing your stakes.
It is good to set yourself targets for when you can increase your stakes. Always track your bets. If you don’t do this then you can lose a lot more than you win. Whether you write them down in a notebook or use a spreadsheet, it is key to being a sensible punter.
We use google sheets to track the profit and loss of all our tipsters and I do the same for my own personal betting.
If starting with a £100 bank, your first target might be to reach £150. If you do then you might consider increasing your stakes to £1.5 per pt. Build up that profit slowly and it will also give you confidence in the tipsters you follow.
I’ve been betting for 20 years and still only bet £10 per point. Why not more? Well, bookies tend to limit winning customers. It’s a fact and the more you stake the higher the chance of your account being limited. I’m happy betting £10 per point. I could afford to bet more but I still see it as a hobby and any money I make from my gambling is a bonus.
Don’t get me wrong. I’ve been successful. I even took the missus to Barbados with my gambling winnings, all from £10 stakes. If you bet sensible amounts you can still save a decent pot and treat yourself to an overpriced holiday. Although clearly wasn’t expensive enough given divorce soon followed 😂