Betting Guide
Staking Plan:
A Staking Plan is a way of structuring the stakes on each bet to minimise risk and maximise profit. We strongly recommend that you follow the advised staking plan as putting randomly sized bets on is a sure way to come unstuck. Our recommended bets will be from 0.5 point to 10 points (maximum). You should decide what level you will be betting at, for example this may be £1, £10 or £50 per point. You should then set aside a betting bank equivalent to 200 points.
An example of a typical bet would be 2pts win on horse X, if you were betting to £10 per point then you would place £20 on this selection.
Posting Times:
Advised bets will be posted on the website by 11am. Silver and Gold subscribers will receive bets by SMS before they are posted to the website. Bronze holders can access bets for free by logging in to the website, however not all advice will be available to Bronze subscribers, there will be days when advice is given exclusively to Silver and Gold subscribers. Additional horse racing or sports antepost bets are sent to exclusively to Gold subscribers at varying times of the year, depending on the sporting calendar.
Value betting:
Consistent profit through value betting - please don’t expect 100% of our selections to win, we profit by tipping value bets - where we believe the odds available do not accurately reflect the chances of a given horse, team or individual. There will be losing selections along the way but our returns will always outweigh stakes in the long term. If you can't cope with backing the occasional string of losing bets then our service is not for you!
Full Results Service:
All of our tips are posted in 'Todays Tips' along with a historical record of past performance, month by month in the 'Our Profits' section of the website. There are no unsubstantiated claims of winners on this site! You can be sure that the results displayed on site are an accurate reflection of our service.
Bookmakers:
The old enemy now offer a vast array of prices on many different markets. Our tipsters profit by researching every market and then selecting value bets at attainable prices. One of the keys to successful betting is always betting at the best available odds - if you choose to ignore this golden rule then you may as well stick to backing cartoon dogs down your local bookie!
In order to capitalise on our selections you will need accounts at all of the bookmakers listed on our free bets page.
Internet betting could not be easier and all of the bookmakers listed are easy to use and offer a wide variety of payment methods. We will sometimes advise placing bets in certain betting shops when a price is not available on the Internet, however bets like these will be very infrequent.
Bet Types:
The Win Bet
The win bet is the most straightforward type of wager, you are betting on a team / horse / individual to win a game, race or tournament. Example: Man Utd to win the Premier League at odds of 5/4.
Each Way Bets
An each way bet is essentially two bets, one win bet and one place bet. Example 1: £10 each way on Dallas Cowboys to win the Super Bowl at 12-1; place terms 1/2 odds, 1,2
Result: Dallas win the Superbowl
Your total stake for this bet would be £20 (£10 win bet and £10 place).
If Dallas won the Super Bowl then the win part of your bet would pay £130 (£10 x 12 plus £10 stake return).
The Place terms of 1,2 mean that if Dallas finish 1st or 2nd you will receive 1/2 odds of the win price. Therefore if Dallas won the Superbowl the place bet would pay £70 (£10 x (1/2 x 12) plus £10 stake return).
Total Returns from this bet would therefore be £200 (£130 from win bet and £70 from place bet).
Example 2:
£10 each way on Dallas Cowboys to win the Super Bowl at 12-1; place terms 1/2 odds, 1,2
Result: Dallas lose in the final
In this case your win bet has lost but your place bet has won because Dallas finished 2nd.
Your returns would therefore be £70 ((£10 x (1/2 x 12) plus £10 stake return).
Example 3:
£10 each way on Dallas Cowboys to win the Super Bowl at 12-1; place terms 1/2 odds, 1,2
Result: Dallas fail to reach the Superbowl final.In this case both parts of your each way bet have lost.
Lay betting
If you place a lay bet then you are betting that something won’t win. So if you lay a horse and that horse loses, you win.If you lay a horse and that horse wins, you lose!
This type of bet is confined largely to betting exchanges and involves one person laying the bet (taking the role of the bookmaker) and another person placing the bet.
Example:
You lay Notanotherdonkey at 4-1 in the 3.10 at Lingfield.You set a stake of £200 being the amount you lose if the horse wins. As you are offering 4-1 with a maximum loss of £200 this means you will take bets of up to £50. This is because if the horse wins then you are paying out at 4-1 (4 x £50 = £200).If the horse loses you win £50 (the stake from the other person) If the horse wins you lose (payout) £200.
Further information on how betting exchanges work can be found at Betfair
Multiples - Doubles, Trebles & Accumulators
Multiples are when you combine several bets so that they all have to win for you to win. The consequence is that it's much harder to win, but as the odds multiply up, the returns can be huge. You will very rarely be advised to place multiple bets on bigtips.co.uk, this is because the bookmakers over-round (or profit margin) increases on multiple bets, making value bets much harder to find. Bookmakers hate punters betting in singles as they are the least profitable type of bet that they offer.
Patent
A Patent consists of 7 bets involving 3 selections in different events, i.e. 3 singles, 3 doubles, and 1 Treble.
If none of the selections win you lose all 7 bets .If one of the selections wins then you have one winning single and 6 losing betsIf two of the selections win then you have 2 winning singles and one winning double. If all three selections win then all 7 bets win,
Trixie
A Trixie consists of 4 bets involving 3 selections in different events, i.e. 3 doubles plus 1 treble. A minimum of 2 of your selections must be successful to get a return.
Yankee
A Yankee consists of 11 bets involving 4 selections in different events, i.e. 6 doubles, 4 trebles and 1 four-fold. A minimum of 2 of your selections must be successful to get a return.
Lucky 15
A Lucky 15 consists of 15 bets involving 4 selections in different events, i.e. 4 singles, 6 doubles, 4 trebles and 1 four-fold.
There are many other types of multiple bets, Canadian, Heinz, Goliath etc which are expanded versions of the above, place too many of these though and you'll soon be in the poor house!
Fractional and Decimal Odds
In the UK we traditionally use fractional odds, e.g. 5/1 or 1/3, where the numerator (the first number) is how many pounds you will win for every multiple of the denominator (the second number). For example, odds of 5/1 mean that for every 1 you bet you will profit by 5, if your bet wins. A winning bet of 1 would return 6 - your 5 profit plus your original stake. Decimal odds differ by including your original stake as part of the return. To calculate your return you multiply your original stake by the decimal odds. Using the example above, a stake of 1 gives a total return of 6, therefore the decimal odds are 6.0 (1 x 6.0 = 6). The advantage of decimal odds is that they are much easier compare quickly; Most bookmakers allow you to change the odds type from fractional to decimal however you will need to familiarise yourself with decimal prices when using betting exchanges.
Responsible Gambling
Bigtips encourages responsible gambling and as such you should:
Set deposit limits and a stick to a staking plan
Only gamble with money you can afford to lose
Never chase losses
For further details on responsible gambling visit:
www.gamcare.org.uk
www.gambleaware.co.uk