Question 1

If you claim to be a consistent winning bettor why do you need to have a tipping service ?

Accepted Answer

I have been a consistent winning bettor on the greyhounds for the past 10 years and yes in the past it has been difficult for me to get on with bet size restrictions and needing to have multiple accounts with various bookmakers. However, now with the introduction of the minimum bet law for West Australian greyhound markets, I am able to get set for my desired stakes over my various accounts, and I have found there is still meat on the bone to say, for others to bet as well.

As I find there is still value in the market at the current odds, why not offer my selections which I deem to be profitable in the long run to other individuals and help them make money betting on the greyhounds and in the process teach them that with correct discipline and staking, betting on the greyhounds is an extremely profitable long term investment if done correctly.

Question 2

I have been scammed by other tipping services in the past. How can I trust that this service is legitimate ?

Accepted Answer

I would say the vast majority of tipping services out there are scams, especially all the ones on twitter and instagram, just posting their winning betting slips and showing no transparency and history of bets and results.

So how are we different.

Transparency.
This service is 100% transparent with history of all bets and results shown on our website.

Sample Size of Bets. 
I have been profitable betting on the W.A greyhounds for close to 10 years now, and have started this service in February 2022. 
You are able to see the history and results of all the bets since inception of this service, which is currently over 900+ bets.

Positive Return Or Its Free Guarantee EVERY month.
I trust my analysis and my results and therefore offer a money back guarantee on your subscription costs every month. There is not another tipping service out there that I am aware of that offers that sort of guarantee every month. That alone should be a strong sign telling you this service is legitimate.

Question 3

What is the minimum bet law ?

Accepted Answer

All Australian bookmakers must abide by the minimum bet law for W.A Greyhound Markets. Therefore, even if your account is promo banned or stake limited on sports or other markets, they must accept your WIN bets on the W.A greyhound markets up to the following amounts.

The minimum bet law for West Australian Greyhounds kicked in from 19th of November 2021.

For Western Australian Greyhound events, the following minimum bet level will be applicable, 
after 9.00am WST on race-day for day meetings or 
after 2.00pm WST on race-day where the first race of the meeting is 4.00pm WST or later.

RACE TYPEBET TYPE
Metropolitan Greyhound Races, In any one Win bet: to lose $750
Non-Metropolitan Greyhound Races. In any one Win bet: to lose $500

If for any reason you are unable to get set for these amounts on your account, just contact your bookmaker and tell them to "please ensure my account complies with the minimum bet law for greyhound markets in Western Australia."

Question 4

How does the Positive Return or it's Free Guarantee work ?

Accepted Answer

Positive return or it's free guarantee applies to every calendar month in which you have an active subscription for the entire month. Positive / negative return in respect to the calendar month will be determined by the results @ Best Odds on the Results spreadsheet.

If there is a negative return for the calendar month your previous monthly subscription payment will be refunded. All refunds will be processed at calendar month end and only back to the original payment source. If you are a new member and join mid month, your first "positive return or its free guarantee" month will only apply the following month, as you must be an active member for the full calendar month to be eligible.

Question 5

What time are the selections sent out and what are your usual bet types ?

Accepted Answer

As the minimum bet law kicks in at 2pm normally, we will aim to send out tips between 2pm WST to 1 hour before the start of Race 1.

Selections will either be Win, Place, Same Race Multi (SRM) or Lay bets.
This could also include multiple Win bets on different runners in the same race.

For selections that I believe will drift in the market and there is no value in taking the current early prices at bookmakers.  I will advise members to back it at BSP or Mid Tote. (Ideally half at BSP and half at Mid Tote to get the best average in the long term) This will allow everyone to be able to get on and not have to wait for closer to the start of the race, as the W.A races can run very late. Thus I will be assuming all members also have a Betfair account and know how to place bets at BSP. Any issues just send me a message.

Question 6

How will the selections be sent out ?

Accepted Answer

You will be notified on a private telegram chat and via email that a selection is released on the website. You can then view the tips by logging into your members portal on the website and clicking "Selections".

The selections will be shown in the following format

Date 
Track Name Race Number
# X - Selection Name
Bet Type
X Units at minimum price of $X.X
Currently $X.X at the following bookmakers

Question 7

How many tips can I expect to receive on a given day ?

Accepted Answer

As I only bet on one meeting for the day either Cannington, Mandurah or Northam, I usually only provide 1 to 3 selections which I believe are of value (+EV) under my analysis.

Question 8

How many days a week will selections been sent ?

Accepted Answer

On average, selections will be sent out 3 - 4 days a week. There will be no strict minimum amount of days selections will be sent out, as I would prefer to only send out selections that I am strongly confident in that are +EV bets at the given odds. If there is nothing I like for the day no selections will be sent.

The tipping schedule below shows the history of days in which tips have been sent out.
https://www.investinthechase.com/schedule

Question 9

How quick on average does the best odds shorten after your selection is sent out to members ?

Accepted Answer

This is a common question asked by people interested in joining the service and its pretty much varies every time. Sometimes the odds can shorten within like 5 min after odds are sent out and at other times the odds don't move for hours and may even drift out.

This is a factor I am unable to control, as it all depends on how much members are betting, what time they are betting, what bookmakers they are betting with and if their accounts are flagged or not which would alert traders.

I am aware that of course the odds will generally shorten on my selections hence I display the results of this service at Best Odds, 3rd Best Odds and at Betfair Starting Price.

Previously I sent out tips directly through telegram, however I soon noticed that the chat was connected to automated betting software by some members, which allowed them to bet instantly once selections was sent out. Therefore, now tips are only viewable through the secure members portal after a CAPTCHA is completed to stop automated bots and give all members a fair chance to secure the best odds.

With all selections I advise the minimum price you should bet the selection at, so even if you miss the best price I would advise you still place the bet if it is over the minimum price I stated in the email.

If you miss the price totally and the selection firms under the minimum price I recommend you wait later closer to the jump, as usually when a bookmakers heavily firms the price early, the market percentage on the race is up in the 140% range which is not sustainable as they are hoping people continue to bet into that market and the selection at the reduced odds.

I would advise you wait later closer to the jump. as when the race gets closer the bookmakers market will return to the average 120% range and the odds on the selection should drift out again. Don't panic and back "Unders" thinking you missed the price. Also, pay close attention to the Betfair starting price (BSP) as this is also a viable betting option and as you can see from the results page backing the selections via BSP is profitable as well.

The price I provide with my selection is the minimum price I recommend you stake it at. So if you miss the price and the selection no longer drifts out I recommend you don't bet at the reduced odds as the selection is no longer value.

Question 10

Can you explain how you display your results ?

Accepted Answer

Results will be updated daily in the results section of the website. 
The recorded odds in the results will be shown in 3 categories.

Blue columns, Results from the best price offered by Australian wagering operators at the time the tips are sent out.
Green column, Results from the Betfair starting price. (The BSP has been adjusted to take into account the 7% commission applied. W.A greyhounds commission has increased from 6% to 7% as of March 1st 2022.)

Red column, Results from the 3rd best price offered by Australian wagering operators at the time the tips are sent out.

The corresponding POT% will also be displayed for each category so you can see the importance of getting the best price and how it effects your results.

On the right hand side of the results page I also show the importance of compounding and how you should increase your unit size as your bank grows. In the spreadsheet I do a simple, 10% increase in unit size as the bank increases by 10%. (vice versa, you should decrease your unit size by 10% if the bank decreases in value by 10%)

From these columns you can see the power of compound growth as you can compare your overall bank size when keeping your unit size fixed in comparison to increasing your unit size as your bank grows.

Question 11

How do I determine my unit size ?

Accepted Answer

Establish a betting bank.
In our Results section we display results starting with a $10,000 bank.
Once you have a betting bank you are comfortable with, we turn that into a 100 unit bankroll which is 
Total betting bank / 100 = 1 unit
(1 unit = 1% of your bank)

So with a starting bank of $10,000. 
1 unit = 1% of $10,000 = $100

Now that you have your unit size in dollars, you just multiply that with the unit size as sent in my email with the selections.

So if it states stake 0.5 units that would be $50
1.5 units would be $150. etc

(With this service I take a rather conservative approach to my unit staking with an average of only 0.6 units per bet. Therefore if you find your stakes in dollars on average to low, it is up to the individual to adjust your staking to a level you are comfortable betting each bet.)

As your bank grows or reduces then so should your unit size.
We encourage adjusting your unit size for every 10% movement in your bank.
Therefore, as your bank grows, the unit size increases, when the bankroll drops, the unit size decreases.
Adjusting your unit size by such small amounts each time may not seem worth the effort, but over a large number of bets the power of compound growth kicks in and will have a big difference to your overall result.

Question 12

What Staking Plan do you use ?

Accepted Answer

Start of 2023 the staking plan has been updated to more effectively utilise a 100 unit starting bank.

For each bet I will aim to COLLECT on average 4% of the betting bank based on the market price available.
So given a 100 unit betting bank this will be 4 units.
When I believe the bet is of greater value I will increase this up to a maximum collect of 6% of the bank, and when less value down to a low of 2%. 
 
For example a greyhound at $2.5 in the market we would normally have 1.6 units on it. 
(4u / $2.5 = 1.6u)

Question 13

Your units profit figure is much lower compared to other services

Accepted Answer

This is a common question asked by new members.
When comparing performance of tipping services to others it is better to compare the Profit on Turnover (POT) rather then units profited, as each service has different average levels of unit staking.

With this service I take a rather conservative approach to my unit staking with only an average of 0.6 units per bet. It is up to the individual to convert that unit staking to a dollar amount you are comfortable betting each bet.
For Example you have 2 services placing 20 bets a month at there average unit stake.

Service A could be boasting 50 units profit but they are betting on average 5 units each bet.
Turnover = 20x5 = 100 units
POT = 50/100 = 50%

Where as Service B is claiming 10 units profit but they are betting on average 0.6 units each bet
Turnover = 20x0.6 = 12 units
POT = 10/12 = 83%

POT helps assess efficiency, how much profit the tipster generates from the total amount staked. A high POT is an indicator of consistent success, especially with fewer bets.
If you prefer a service that doesn't require placing too many bets but is selective with high-return bets, POT is a better indicator. It also gives a sense of value over time.

Both services in the example are performing great and profitable and it up to the individual to bet the dollar amount they are comfortable with, understanding that each service has a different average unit size each bet.

Question 14

Why do you bet only on W.A tracks ?

Accepted Answer

Born and raised in Perth W.A I have frequently visited the Cannington and Mandurah tracks and as I took betting more seriously I have created a database on all runners in W.A, focusing not only time specific data but also the greyhounds running styles and intricacies noticed in replays or whilst on track. 
Understanding and processing all this data I am able to map the race and in turn identify value runners in the market. 
It all comes down to time as it can be a full days work going over a meeting thoroughly, analysing the data, assessing track variations, watching video replays, etc. I have honed my skills at the W.A meetings and it has proven to be successful over the many years hence why I continue to stick to the W.A tracks. If I had more time in the day, yes I would expand to other tracks as well, but for now the W.A tracks have been treating me well.

Question 15

How do you deal with losing streaks ?

Accepted Answer

Please remember to gamble responsibly and bet within your limits. You need to ensure you bet with money you can afford to risk as although I am confident in my selections everyone will have losing periods over time.

Variance is a factor in gambling and its how you manage this variance and losing periods which determines your success.
The main thing is stick with the staking plan. 
You have set a bank which you manage. Just keep track of your bets and reduce your unit size if the bank decreases by 10%.

Always keep your unit size at 1% of your bank.
If your bank increases by 10%. Increase your unit size to reflect the new 1% of your bank.
If your bank decreases by 10%. Decrease your unit size to reflect the new 1% of your bank.

By keeping your unit size in proportion to your bank, it allows you to stay in the game, and ride out any periods of variance and losing streaks which may occur. I am confident in my selections and know that over time we will ride out these periods and from there recover these losses and grow our banks to new highs.

Below are two great articles which explain in more detail  about winning and losing cycles in betting and winning expectations.

https://www.betfair.com.au/hub/education/racing-strategy/winning-and-losing-cycles/
https://www.betfair.com.au/hub/education/racing-strategy/winning-expectations/

Question 16

If I live outside of Australia am I still able to bet and be apart of the service ?

Accepted Answer

Yes, anyone can invest on the selections provided given that your bookmaker (betting service provider) allows you to bet on the Australian greyhound markets. The tracks we bet in are Cannington, Mandurah and Northam based in Western Australia.

Having a Betfair account will also allow you to get involved, as you can see from our results that betting the selections at the Betfair Starting Price (BSP) also provides great long term results.

Question 17

Can I cancel my subscription at any time ?

Accepted Answer

Yes, you can cancel your subscription at any time. Your payment auto renewals every month up until you cancel your subscription. If you choose to cancel your subscription you will still continue to receive tips up until the date you have paid for.

It is the customers responsibility to cancel their subscription if they choose no longer to be a member. You can do so by simply logging into your account on our website, then going to "My Subscriptions" and "Cancel Subscription".

Question 18

What "Winning Expectations" can I expect from this service ?

Accepted Answer

Before joining this service make sure you understand and are aware of winning expectations in being a profitable punter. Don't expect I have the magic 8 ball and every bet I send out will be a winner. I have had past members cancel their subscription after a couple days of non profitable tips and send me messages calling us a scam and "How can you even charge for these tips" and even as absurd as  "I can win money more easily going to the casino." Or even after a couple of non-profitable months, messaging me asking what happened and if I have changed anything in my analysis.

The fact is, not every bet is a winner and I know not every month will be profitable. But I still offer the "Positive Return Or Its Free Money Back Guarantee" every month to illustrate the legitimacy of this service. I trust my analysis and my results which are there for everyone to see and I know I will be profitable in the long term.

Being profitable in this space of greyhounds betting is a long term investment. Yes, you have periods of downturn due to negative variance, and we don't hide any of those bad runs by displaying all our results. But in the long term, I know I have a proven edge over the market and you need to trust the process, and the profit will be there in the long term.  I let my results speak for themselves. My "Win Strike Rate" on selections is usually in the 30-35% range and given the average odds on selections is in the $4 dollar range a healthy profit is made in the long term. (Win Strike Rate and Average odds is all shown at the top of the results spreadsheet.)

Below are two great articles which goes in more detail about winning and losing cycles and winning expectations
https://www.betfair.com.au/hub/education/racing-strategy/winning-and-losing-cycles/
https://www.betfair.com.au/hub/education/racing-strategy/winning-expectations/

Here is great quote from "Daniel O'Sullivan" and one every potential punter wanting to join this service should ask themselves
“Do I really want to be a punter (and join this service)?”
In my opinion there’s no more challenging or satisfying intellectual and psychological pursuit. But answering “yes” to that question means accepting the nature of the game. You need to have persistence and determination to work through inevitable losing runs and the wisdom to put big winning runs in perspective. If you can do that, then any goal you set for yourself as a punter is achievable.

Question 19

What is value (+EV or over) bets ?

Accepted Answer

The odds in a greyhound race is just the probability assessed by the bookmaker of the dogs chances in winning the race.
A greyhound at $3, is assessed by the bookmaker as a 1/3 (33%) chance of winning the race. 
Under my analysis if I assess the dog to be a 50% chance odds of $2, this is a value (+EV) bet and I will bet accordingly. 
In general the greater the expected value (EV) the larger unit size bet I will have.

The Betfair starting price (BSP) gives a good representation of the winning chance of each dog in the race, as all punters have had their chance to bet with all factors taken into account. However, this should not be the sole factor in determining if you have a value bet, as I believe in certain situations there are aspects which are over bet by the general public creating value in other areas of the market. In general though if the odds you backed your selection is greater then the BSP, you have a value (+EV) bet and in the long term you have a winning selection method.

Question 20

Should I keep a history of my bets ?

Accepted Answer

I recommend all members to keep a track of all there bets in a spreadsheet.

I highly recommend using the following spreadsheet found on 
https://www.aussportsbetting.com/tools/betting-tracker-excel-worksheet/ (https://www.aussportsbetting.com/tools/betting-tracker-excel-worksheet/)

Also available in google sheets format as well
https://www.aussportsbetting.com/tools/google-sheets-betting-tracker/ (https://www.aussportsbetting.com/tools/google-sheets-betting-tracker/)

Question 21

Can a winning bet be a bad bet ?

Accepted Answer

Yes, a winning bet can be a bad bet and a losing bet can be a good bet.

How you ask.

Say you like a dog, opens at $4 with the bookies and you see it get backed into $2.2. You notice this market movement and also like the dog to win the race, so you then back it at $2.2. Before the jump as the bookmakers market percentages come down the odds move out to like $2.8 and it Betfair SP's at $3. The dog easily wins the race and you pocket the profit.
In the long run backing selections in this manner will lead to overall loss. You backed the dog at unders, at $2.2 when its true value was at $3 (the Betfair SP). This is a bad bet in the long term and if you continue to bet in this manner you would be a losing punter.

If you have noticed the value early when the dog was at $4 and backed it, this would have been a good bet, as you have achieved a +EV value bet, since its true odds was $3.

Same can be said the other way around. If you notice a dog to be of value and it's at $2.5 with the bookies, you back it at $2.5 and before jump it gets smashed across the board and is around $1.8 with the bookies and Betfair SP's at $1.85. It then loses and gets pipped on the line. Even though you lost the bet, this was a good bet, as you have achieved an overs bet +EV and even though you lost the bet, if you continue to make these bets in the long term you will be a profitable bettor. 
This is something you need to look out for and is why I always compare my selections and the odds I have bet the selection at in comparison to the Betfair SP to ensure I am getting a value bet.

Take note the Betfair SP price is Betfair's market close to 100% and if you take the Betfair SP price you need to take into account the commission also you need to pay from that bet. (From 1st March 2022 this is 7% for W.A greyhounds), so getting close to the Betfair SP or definitely over the SP price is a good guide, that you are making good and long term profitable bets. In the results section of the website I show the BSP and the BSP with commission applied and also the perceived edge when comparing it to the Betfair SP.

Question 22

What is Profit on Turnover (POT) ?

Accepted Answer

POT - Profit on turnover is the profit on how much we have turned over.

For example let's say you start the year by putting $500 into your betting account. During the year you make no further deposits or withdrawals. At the end of the year your total bets have been $30,000 and your account now has $3500 in it.

Profit = $3500-$500 = $3000
POT = $3000/$30000 * 100 = 10%

For a more detailed analysis this website below explains it well.

https://insights.footballadvisor.net/2020/03/04/betting-strategy/is-profit-on-turnover-pot-key-to-successful-betting/