How to choose a tipster

I am still editing my first post about betting and bankroll management for clear for everyone and be perfect. I will announce my investment and betting tips in short time. Since I was in the betting industry for a long time I know a lot of guy in industry. This article comes from my friend Martin Grozev Co-Founder of https://www.bettingmetrics.com/. Here Martin's 5 fundamental methods he follows when choosing and following a tipster.

1. Do not trust social media tipsters

First and foremost never ever trust people that are claiming to make crazy money from betting or that they know some fixed matches. Those guys or at least 99% of them are scammers and they take advantage of the newbies in the betting world. Alternatively, they have affiliate deals with the bookmakers and their major goal is to refer you to a certain bookmaker and make you lose money so they can earn some cash. Avoid Facebook, Twitter and any other social media tipster at pretty much all cost.

2. Verified Tipster

When choosing a tipster to make sure it is reliable and verified by a third independent party. The Internet is a great force and there is plenty of websites that offer verifications services that you can take advantage of. Nevertheless stay focused and always critically analyse the numbers they provide. If you see tipsters that have had few losing months or they have always been on profit this is a huge red light – be cautious.

3. Choose a tipster that fits your betting behaviour

Every person who bets has his own betting and sports preferences. If you like some sports more than others if you are risk averse and prefer to bet only a few times per week - look for the tipster that will match these criteria. For instance, if you like to place few bets during the weekend certainly go for a football tipster rather than a horse one. If you enjoy your night’s sleep, don't even bother to follow Australian ones. Furthermore, ensure you feel comfortable with the recommended bank and stake plan such as the Kelly Criterion. This is particularly important during losing runs and likes it or not they will happen.

4. Have Realistic Expectation

Once you chose a tipster to have the right mind set. With other words have realistic expectations. For example, if you are planning to make 30 points profit over the season, do not expect to make them in the first month. Do not expect to become a millionaire from 1 tipster or overnight, remember they are human beings and they will be losing on a regular basis. What does matter is whether you have made money at the end of the season.

5. Be ready to lose

Accept the idea that you will be losing. Do not think that the tipster you are following will achieve a hit rate of 80%. This rarely happens. Even if happens it will be for a very short term and you should not get emotionally affected by long winning or losing runs. Something I advise you is to read more about the correlation between hit rate and odds, that will help you to quickly identify which tipsters are scammers and which ones are worth following

Martin Grozev:https://www.linkedin.com/in/martingrozev/
The Article:https://www.linkedin.com/pulse/5-indicators-consider-before-choosing-tipster-martin-grozev