What Is A Points-Based Betting System?
A points-based betting system is something a professional tipster uses to indicate the strength of the bets he advises and is something that all the tipsters on the Betting Gods platform use.
What is a Points-Based Betting System?
A tipster may advise you to bet 1 point on a selection he thinks has a slightly better chance of winning than the odds on of offer.
He may advise you to bet 2 points on a selection he thinks has a good chance of winning and the available odds underestimate its chance of winning.
He may advise you to bet 3 points on a horse he thinks has a great chance of winning and the available odds greatly underestimate its chance of winning.
It is these points that make up the points-based betting system.
Why Don’t Tipsters Use Monetary Values?
The answer to why most tipsters won’t use a cash staking plan is not every punter likes to bet the same amount.
If you’re new to following a tipster, you might choose to test the water with small bets such as £1 a point or £2 a point. There’s certainly nothing wrong with adopting that initial cautious approach, but many punters who are confident they have found the right tipster for them will bet in bigger amounts.
Many tipsters return their profits to £10 a point stakes, but many punters who have been following tipsters that have proven themselves over a significant period are willing to bet in higher amounts, say £30, £40, or £50 a point. It’s all about personal preference.
However, nobody will recommend you become a high-roller overnight and the key to making long-term profits from betting is to balance a points-based betting system with the correct starting bank, which is sometimes referred to as a betting bank.
What is a Starting Bank?
Many tipsters will advise you to begin with a 100-point starting bank, but make sure you follow each tipster’s individual advice on this matter, as some may differ.
That means the best way to start is to work out how much you can afford to set aside for your starting bank, remembering this is money you shouldn’t use for any other reason but for placing bets advised by your chosen tipster.
It doesn’t matter if the amount you can afford to start with is £100, £1,000, or £10,000, just choose the amount that’s right for you. What you do then is divide your proposed starting bank by the size of the tipster’s advised starting bank to work out much you should bet per point on your tipster’s selections.
If you have a cash starting bank of £100 and an advised-points betting bank of 100-points – that means £100 ÷ 100 points = £1 per point on all bets.
If you have a cash betting bank of £1,000 and an advised-points betting bank of 100-points – that means £1,000 ÷ 100 points = £10 per point on all bets.
If you have a cash betting bank of £10,000 and an advised-points betting bank of 100-points – that means £10,000 ÷ 100 points = £100 per point on all bets.
Below is table highlighting how much bets would cost using £1, £10, and £100 per point stakes
|Advised Points Stake||£1 Per Point||£5 Per Point||£10 Per Point||£100 Per Point|
|0.5pt each way||£1||£5||£10||£100|
|1pt each way||£2||£10||£20||£200|
|2pt each way||£4||£20||£40||£400|
|3pt each way||£6||£30||£60||£600|
Growing Your Betting Bank
When taking a long-term approach to making a profit from following a successful tipster, you should find your betting bank grows over time.
For example, if your chosen tipster stakes 100 points in the first month you follow his advice and he manages a return on investment (ROI) of 20%, your betting bank will grow by 20%.
If you started with a £100 betting bank and bet £1 per point, you will now have £120 in your betting bank.
If you started with a £1,000 betting bank and bet £10 per point, you will now have £1,200 in your betting bank.
If you started with a £10,000 betting bank and bet £100 per point, you will now have £12,000 in your betting bank.
Having grown your starting bank, you are faced with a choice. Firstly, you can take your profit, treat yourself, and continue to bet at your original per point stake.
But this bank growth also gives you the option to increase your per point stake.
If you started betting £1 per point and now have a £120 betting bank, you now have the option to increase your stake to £1.20 a point.
If you started betting £10 per point and now have a £1,200 betting bank, you now have the option to increase your stake to £1.20 a point.
If you started betting £100 per point and now have a £12,000 betting bank, you now have the option to increase your stake to £120 a point.
Now you’re armed with the knowledge of what a points-based betting system is, the importance of having a starting bank, and how to work out how much a point you should be betting – it’s time to choose the right tipster for you.