Following an effective tipster is important for two main reasons. First, by placing a wager, you are placing your hard-earned capital at risk which means that, just like in the stock market, it is better to make a decision when you possess a (tangible) competitive advantage.
Money is like soldiers who can die without a general leading them into battle. A good horse racing tipster offers sound advice on the competitive landscape.
Second, a selected racehorse must face a large field of competing runners. That necessarily means that the vast majority of betting selections are inherently underdogs to win a meeting. Tipsters offer punters relevant and useful information so that you can make better decisions. In sports betting, information is power. Without sound advice, you could be “betting in the dark”.
Good tipsters not only help you to allocate your betting capital, they save you time. They are third party advisors who have spent years becoming horse racing insiders. They acquire inside information, tips, and insights that are not readily accessible by the general public.
There are plenty of trainers, owners and racehorses in the sport. Additionally, there are multitudes of factors that could affect results on the track such as injuries, weather, bookmakers’ disparity of odds, and speed ratings.
The complexity means that bookmakers often misprice odds in the marketplace. A good tipster can spot these frequent errors or miscalculations and convey value to bettors. Bookmakers are forced to place odds on most events. However, punters have the option of only placing wagers when they perceive that they can beat the odds. Bettors can choose their battles, and that offers an opportunity to get a return on their investment.
Tipsters follow emerging trends and patterns. Most punters cannot dedicate the same amount of hours in order to acquire the same insights that tipsters possess. Thus, bettors pay a small fee in order to compensate the tipster/advisor for his time (and expertise). Tipsters have all the time to analyze a complex set of data whereas punters don’t.