What is a Tipster ?

In the world of sports betting, the term "Tipster" is often used, but few people really know what it means.

A Tipster, also called a prognosticator, is an expert in sports betting who shares their predictions (or tips) with a public of "followers."

Unlike a traditional bettor, who only bets for themselves, a Tipster bets not only for themselves but also for those who follow their recommendations and bet based on their advice. In this sense, the Tipster influences a large number of people, and their goal is to make money for their followers while also winning for themselves.

To achieve this, they rely on very specific skills and a rigorous methodology.

Skill: An Essential Tool

A good Tipster does not make predictions randomly or solely based on intuition.

It is essential that they have solid knowledge in mathematics and statistics.

These skills allow them to spot mispriced odds at a bookmaker, meaning bets whose value is higher than the real probability of an outcome.

A competent Tipster knows how to interpret data, evaluate statistical deviations, and use their analyses to find profitable opportunities.

This ability to identify advantageous odds is one of the key elements that distinguishes a good Tipster from a simple bettor. The rational approach and understanding of odds discrepancies are at the core of a Tipster's ability to provide profitable predictions.

Specialization in a Sport

To excel, a Tipster must also show specialization.

In principle, a good Tipster focuses on one specific sport and sometimes even on just a few specific leagues.

This specialization is crucial for developing in-depth knowledge of the teams, players, internal league dynamics, and trends.

For example, a Tipster specialized in football may concentrate on the English Premier League or the Italian Serie A, allowing them to better understand odds fluctuations and anticipate events that others might not perceive.

Keeping a Certified Record

To be taken seriously, a Tipster must be able to prove their profitability.

This is why it is crucial to keep a record certified by a trusted third party.

Platforms like Bet2Invest are renowned for certifying Tipster records, ensuring that the figures presented are reliable and accurate.

This transparency allows followers to know whether they can trust the Tipster and evaluate their past profitability.

A certified record is the only indisputable proof of a Tipster's performance.

Having a Large Number of Bets

A Tipster cannot be judged based on just a few hundred predictions.

To properly evaluate a Tipster, it is essential that they have provided at least a thousand predictions.

The larger the sample, the better one can assess the true skill of the Tipster.

Performance over a few dozen or hundreds of bets can be a matter of luck, but over a much larger sample, a Tipster's skill becomes clearly evident.

A Positive ROI: The Key to Profitability

The main goal of a Tipster is to guarantee profitability, both for themselves and their followers.

For this reason, they must present a positive ROI (Return on Investment), ideally at least 4%.

This ROI indicates the profitability of the bets: a positive ROI proves that the bets generate more money than they cost, which is the main goal of any informed bettor.

Tipsters are evaluated based on their ability to maintain a positive ROI consistently.

The Closing Line Value (CLV)

A competent Tipster must beat the Closing Line Value (CLV), which is the final odds set before the start of a match.

For example, if a Tipster suggests a bet with odds of 2.10 and the CLV is 2.00, it means they have beaten the closing odds, proving that they identified a good opportunity before the market corrected it.

Beating the CLV is an essential indicator of a Tipster's competence: it is a sign that they can find value before bookmakers adjust their odds.

Bankroll Management: Prudence Above All

A serious Tipster does not merely provide predictions; they also prudently manage the bankroll.

The capital is their most important asset and must be protected.

The best approach often involves not betting more than one unit per match and avoiding excessive variations, such as jumping from 1 unit to 10 units on a single bet.

This approach limits unnecessary risks and preserves the trust of their followers.

Betting on Matches with Good Liquidity

It is essential that the bets proposed by a Tipster are on events with good liquidity.

Finding odds with value is good, but allowing their followers to bet on the same odds, or similar ones, is even better.

Sports betting is comparable to a market where the size of the "pie" is not infinite.

Therefore, the Tipster must ensure that this pie is large enough for their followers to benefit as well.

Conclusion

A Tipster is not just any bettor: they must combine mathematical and statistical skills, in-depth knowledge of a specific sport, prudent bankroll management, and complete transparency about their performance.

Specialization, consistency across a large number of bets, a positive ROI, the ability to beat the Closing Line Value, and the proposition of bets with good liquidity are all elements that distinguish a good Tipster.

For those who follow a Tipster, it is crucial to choose someone who demonstrates transparency and proves their profitability in the long run. In this way, the chances of success increase significantly, both for the Tipster and for their followers.