Create a New Tipster
- Choose your Tipster Name
- Choose your Sport
- Choose your Tips Cost per Tip
*****You can create as many different Tipsters as you like all managed by the My Tipster section under my Account*****
Step 3:
Place your Tips prior to the 1 hour event start cut off
Automatic chance to win Tipster of the Month. $250 Free Bet Prize.
Step 4:
Tip a Winner and get paid Immediately
Special Offer - No commission on Tips placed until 30 June 2011
Step 6:
Start Making Money
Tipster of the Month - $250 Free Bet
The Tip Exchange with the support of IASbet.com and Sportsbet will award a $250 free bet to the Tipsters who win the Tipster of the Month award for 2011.
IASBet.com will award the $250 Free Bet for the Horse Racing. Sporsbet will award the $250 Free Bet for all other sports covered by the Tip Exchange.
The Tip Exchange offers you the chance to win over $8,000 worth of free bets for 2011.
Tipster of the Month is awarded to the Tipster who accumulates the highest number of units form Tips placed and resulted in the calander month. To be eligible to win the Tipster of the Month a Tipster must post a minimum of 5 Tips in the calander month.
The Concept
The Tip Exchange is a new and innovative concept in the way sports and racing tips are provided.
The Tip Exchange is a market place for Tipsters to sell their Tips and Subscribers to buy. The goal on both sides of the fence is to make a financial gain form the transaction using The Tip
Exchange platform to facilitate this process.
The Tip Exchange aim is to provide a market place where there is complete transparency on the side of the Tipster and absolute confidence on the side of the Subscriber leading to both parties
building a relationship based on financial gain.
One of the major benefits for both Tipsters and Subscribers of the The Tip Exchange is integrity of results. Subscribers can research Tipsters in the knowledge that the data displayed on our
website is accurate allowing them to make informed judgements based on facts. Tipsters can compete against fellow Tipsters knowing that the playing field is level and the cream is guaranteed to
rise to the top and attract the attention of Subscribers.
The Tip Exchange platform acts just like a normal online bookmaker where odds are provided in real time and markets have a scheduled close time. As a result we can provide a 100% gaurantee on the
integrity of the Tip Exchange.
The Tip Exchange allows Tipsters to put a price on individual Tips. The Tipster runs his homepage on The Tip Exchange like a business and can change the price charges for individual Tips at
anytime. As with any free market the forces of supply and demand will determine the key pricing structure laid down by the Tipsters.
Once a Subscriber purchases a Tip from a Tipster the next Tip provided by the Tipster is emailed to the Subscriber email address automatically upon the Tipster loading his selection into The Tip
Exchange platform. The Tip will specify a unit stake and provide the odds of that Tip which are controlled by the Tip Exchange. The selections will only be displayed on our website after the
event has been resulted to protect the intellectual property of the Tipster.
The Tip Exchange concept was born after we identified a gap in the tipping segment of the gambling industry for both the professional Tipster and the general punter. We were frustrated with the
tall tales and egos that are breed by the gambling industry. No body wants to admit to being a bad gambler and the competitive nature of trying to win money creates unsubstantiated claims about
results. The Tip Exchange now provides an absolute answer to these issues by providing a platform where your skills as a gambler are put on display in a format that guarantees a level playing
field.
At The Tip Exchange results due all the talking.
Important Information For Tipsters
Tipsters please read the following important information.
The Tip Exchange provides a Special Offer to Tipsters. Create a Tipster and receive a Commission FREE account. The Special Offer is only applicable to Tips placed prior to the 1st July 2011.
The Commission charged by the Tip Exchange on Winning Tips provided by Tipster is 10%.
Tipster receive no payments for loosing Tips.
Insurance is provided to Subscribers for all Tips on the Tip Exchange. Insurance provides Subscribers with a Refund of the Tip Cost if the Tip does not win. As a Tipster you will only get paid your
Tip Cost less the Tip Exchange Commission if you provide a winning Tip.
As an example if your Tips Cost $10 per Tip and you get 1 Subscriber the Tip Exchange credits $9 to your Tips and Form account and keeps $1 as a Commission if you provide a Winning Tip. If the Tip
is a Looser the Tip Exchange refunds the $10 Tip Cost to the Subscriber as Insurance and you receive no payment.
Winning Subscrition payments will be credited to Tipster accounts as soon as the event is resulted as a Winner.
The Tip Exchange has a built in cut off period which closes events for tipping 1 hour prior to the scheduled start time.
Tipsters will have no knowledge of a Subscriber buying a Tip prior to the Tipster lodging the Tip. This is important as the Tip Exchange only pays Tipsters for Winning Tips and consequently any knowledge that the next Tip provided by the Tipster is paid for by a Subscriber may influence the odds of the next Tip.
At the Tip Exchange we want the Tipster total motivation behiind every Tip to be results.
Important Information For Subscribers
Subscribers please read the following important information.
Subscribers only pay Tipsters for winning Tips.
Insurance is provided on all Tips on the Tip Exchange. Insurance provides Subscribers with the backing of a full refund of the Tip Cost if the Tip is not a winner.
When looking to Subscribe to a Tip the Tip Exchange lists the Tip Cost which is set by the Tipster, under the Tip Cost will be the Insurance Cost. The Tip Cost and the Insurance Cost make up the
Total Cost of Subscribing to a Tip.
The Insurance Cost is a percentage of the Tip Cost and is not refunded in the case of a loosing Tip.
Special Offer for new Subscribers. Insurance cost is 10% of Tip Costs for all Subscriptions Taken out before 1st July 2011.
As an example if you Subscribe to a Tip with a Tip Cost of $10 per Tip the Tip Exchange charges you $1 as an Insurance Cost and the Total Cost of the Tip is $11. If the Tip is a Winner it has cost
you $11. If the Tip is a Looser the Tip Exchange refunds the $10 Tip Cost to your Tips and Form account as Insurance. The $1 Insurance Cost is not refunded.
If you Subscribe to multiple Tips at once from a Tipster each individual Tip is covered by Insurance and works the same as above.
Insurance refund payments of Subscription Costs will be credited to Subscribers Tips and Form account as soon as the event is resulted as a Looser.
The Tip Exchange has a built in cut off period which closes events for tipping 1 hour prior to the scheduled start time.
Tipsters are provided with no notification that a Subscription has been purchased prior to lodging the Tip. This is important as Subscribers only pay for Winning Tips and prior knowledge that the next Tip is paid for may influence the nature of the next Tip provided by the Tipster.
The Tip Exchange want Tipsters to provide Tips free from outside influences.
Tip Exchange Site Map
Home ~ Landing page for people coming to the Tip Exchange Getting Started ~ This page is designed to give you an introduction to The Tip Exchange Become a Tipster ~ This page is where you can create your Tipster. Select your Sport from the drop down box. Create a Tipster Name. Provide information you think might be rellevant to
Subscribers under Introduction. Select the cost of a Tip for your Tipster. Read and agree to Terms and Conditions by ticking the box. Copy the Security Question into the Enter Letter Box. Click
SUBMIT to create the Tipster. Leaderboard ~ This page lists the Tipsters on the Tip Exchange in order of %Turn Over. The default result for the Leaderboard is to display results for last Year. You can change this to
Week, Month or All Time. The Leaderboard tells you the Sport, Tipster, Number of Tips, Number of Wins, Strike Rate, % Turnover and Tip Cost. By clicking on the Tipster in the Leaderboard you are
taken to the Tipster Homepage.
Tipster Homepage is where you can look at a Tipster in more detail. The Tipster Name appears across the top of the Tipster Homepage. A Menu Bar is provided to navigate the Tipsters
Homepage. Home~If Tipsters has uploaded an Avatar it appears hear. If a Tipster has provided an Introduction it appears hear. If a Tipster has won Trophies on the Tip Exchange they will be
displayed hear. A Performance Graph is provided which will provide a line graph detailing the Tipsters results. The Tipsters individual Tips are broken up by month. For each month you are given
the Tipsters Number of Tips, Wins, Units, Strike Rate and % Turnover. To look at the individual Tips that make a the months results click on the Month in question. Every individual Tip is now
provided including Date, Event, Tip, Units, Price, Results and Return. Add Tip~is only visible if this is your Tipster. This section is where the Tipster lodges a Tip into the Tip Exchange. Select the Event by clicking the box. Mark the Select box to
choose your selection. Use the drop down box to select an appropriate unit value. Click on Select Tip. Double check you are happy with the Tip. Click on Confrim Tip to lodge on the Tip
Exchange. Edit~is only visible if this is your Tipster. Edit is where you can make changes to your Tipster. You can provide a new email address. Change your Introduction. You can Change
your Tip Cost. To make changes click the EDIT button. Tipster can upload or change an Avatar by using the Browse... button and selecting an image Current Tips~this page is only visible to the Tipster and people who have got a current Subscription. This page displays Tips that are lodged on the the Tip Exchange but are yet to be
decided. Add Watch List~enables you to select this Tipster to go into your My Subscriptions page. This enables you to easily find the Tipster in the future and look at how the Tipster is
preforming. The Watch function will remain ofr a period of 30 days Subscription Details~ This is here you would Subscribe to a Tipster. The Subscrition Details allows you to select the number of Tips you would like to purchase. Your email is
listed which is where the Tips will be sent. The cost of the Tip is listed along with the cost of Insurance. Click on the Subscribe button to proceed. If all details are correct click on the
Confrim button.
Insurance ~ Provides an explanation to the Insurance product offered on the Tip Exchange. Horse Racing ~ Takes you to a Leaderboard that displays only Horse Racing Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. Sports ~ Hover over Sports to get a drop down box for furhter content on the Tip Exchange. AFL ~ Takes you to a Leaderboard that displays only AFL Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. NRL ~ Takes you to a Leaderboard that displays only NRL Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. Tennis ~ Takes you to a Leaderboard that displays only Tennis Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. Golf ~ Takes you to a Leaderboard that displays only Golf Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. Super15 ~ Takes you to a Leaderboard that displays only Super15 Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. NBL ~ Takes you to a Leaderboard that displays only NBL Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. A-League ~ Takes you to a Leaderboard that displays only A-League Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. Cricket ~ Takes you to a Leaderboard that displays only Horse Racing Tipster. You can go to a Tipster Hompage by clicking the Tipster Name on the Leaderboard. Trophy Cabinet ~ Trophies are awarded to Tipsters who are the Top Tipster for the month for the Sport. These Trophies are displayed in the Trophy Cabinet with the Tipster receiving a
minature version of the Trophy for the Tipsters Hompage. Terms and Conditions ~ This area provides the Terms and Conditions of the Tip Exchange. Sports Coverage ~ Sports Coverage provides users of the Tip Exchange with a guide to what Sports and Betting Markets are offered by the Tip Exchange. Frequently Asked Questions ~ provides a reference point to answer any questions you may have about the Tip Exchange. Find A Tipster ~ is designed to enable you to be able to search for a Tipster on the Tip Exchange. Refer A Tipster ~ is designed for people to spread the word about the Tip Exchange.
My Account Site Map
My Tipsters ~ This page is for you to keep track of the Tipster you have created on the Tip Exchange. You are provided with the Sport, Tipster, Watch, Current Subs, Completed Subscriptions,
Refunds, Insurance, Turnover Units and %Turnover. You can navigate directly to your Tipster Hompage by clicking on the Tipster Name. My Subscriptions ~ This page is for you you to keep track of the Subscriptions you have taken out on the Tip Exchange. You are provided with the Sport, Tipster, Subscription, Expires,
Insurance, Tips, Turnover Units, % of Turnover. You can navigate directly to Tipsters Hompage you have Subscribed to by clicking on the Tipsters Name Deposit Funds ~ allows you to deposit funds into your Tips and Form account. Withdraw ~ allows you to withdraw money from your Tips and Form account. Edit Account ~ You can provide your bank account details, Money Booker account details and make any changes to your email address or your password Statement ~ Tracks all transactions which effect your Tips and Form account balance. The information provided is Date, Description of Transaction, Amount and Balancc More ~ Hover over More to get a drop down box with more content on the My Account. About POLi ~ Provides detailed information about POLi About Money Bookers ~ Provides detailed information about Money Bookers.
Stacking Plans and Return on Turnover
When following Tipsters on the The Tip Exchange it is not just as simple putting your money on the selections provided by your chosen
Tipster. It is crucial that you allocate a pool of funds as your bankroll and then maximise your profits through bank roll management
and implementing a staking plan.
When following a Tipster you need to decide on a bankroll management strategy that will produce the maximum profit out of the
approach. This is where the management of your betting bank is vital. There are two approaches you can take to your betting bank.
The Constant bank approach, which keeps the size of your bank the same each time you bet, so regardless of winning or loosing you
stake as if you have the same amount in your bankroll. This is a very simple approach which has some major draw backs when looking at
your strategy over an extended period of time. A Variable bank is where you adjust your bet size in relation to the size of the bank
on a timeline this could mean after every bet, every week or perhaps once a month. The result of this method is too increase your
bets when your bank is increasing and decrease your bets when your bank is decreasing.
The Tip Exchange would recommend you implement a variable bank roll strategy. If your bankroll has grown and you are betting the same
size stake then you are staking too small for your bankroll or even worse the flip side being a decrease in your bank roll and you
are betting the same stake meaning you are betting to big for your bankroll and exposing yourself to undue risk during periods of
downturn.
On the The Tip Exchange tipsters provide their tips in unit values. A unit value is the amount of money you risk when betting. The
unit value should be proportioned to the size of your betting bank. It is also an excellent way to compare tipsters across different
types of sports and bet types.
When using units tipsters can advise the level of investment by the unit value suggested which is a staking plan. Stacking plans can
enhance the profits of tipsters selections as it is an indicator as too the rating of the bet, however, they can also reduce the
profit of a system.
Tipsters on the exchange can nominate a selection in unit values ranging from 1 units through to 10 units. The 1 to 10 unit rating system is in place to allow our tipsters to implement a staking plan. The system has a 10 unit
value maximum to stop tipsters from trying to increase there return on investment through placing a large number of units (relative
to the standard unit bet size) on a selection in the hope that a one off bet will be successful and hence misrepresent or wrongly
skew the results of such a Tipster.
There are two types of unit value stacking plans, level stakes and recommended stakes. Level stakes is a basic strategy where the
Tipster bets are backed with the same number of units for each selection. Level stakes generally apply when a Tipster is looking at
selections that are predominately at the same price with the bets being very similar to each other. Recommended stakes is a more
complex strategy, it rates selections differently depending on the strength of the selection and is the stacking plan applied on The
Tip Exchange. This strategy makes sense as the information used to makes selections comes in different strengths as well as the odds
of the selection being different for each bet representing the different probability of each selection winning. For example a Golf
Tipster might advise a 10 unit bet on Tiger Woods to win The Masters at $2.60 and a 1 unit bet on Vijay Singh to win the same event
at $26. The Tipster iS having his maximum unit bet on Woods and is saying that the $2.60 price should be a lot shorter in
representing Woods chances of a win. Likewise on Singh the Tipster after analyzing the field has determined Singh to be a $16
chance, therefore, would advise the selection be backed with a smaller unit value as it has a much smaller chance of winning but
still represents excellent value at the price.
The Tip exchange website provides a forum in which a potential subscriber can look at Tipsters, records that are reliable and
verified as correct. These records are displayed in Tables, whilst analysis of specific Tipster, accounts can be made by clicking on
the Tipster, name the remaining information in the tables is used by The Tip Exchange to rate ,Tipster, accounts.
The Tip exchange uses key factors to rate a Tipster account. The major factor is Units Won. Tipsters showing a profit will have a Units Won
greater than zero. The larger the number of bets used to generate the profitability rating the more robust the Tipsters results will
be.
Why do Subscribers need to consider the robustness of a Tipsters account? A Tipsters account might have an outstanding Units Won, but it is based on only a small number of bets, say 15 bets. A subscriber cannot be confident that the Units Won really reflects the
Tipsters skill in producing such results. On the other hand a Tipster, who has had 200 bets and has produced a posative Units Won can be
considered to be more robust as the Tipster skill has been tested over and over again and is more likely to stay true.
The above information can help Subscribers determine some important information. Knowledge of the number of bets a Tipster will
advise in a period of time coupled with information about the expected Unit Value will allow a Subscriber to manage his money flow and
minimise his risk or exposure. The higher the percentage of bank invested per stake decided by the Subscriber the
higher the risk associated with the Tipsters package. The Tip exchange would advise Subscribers to minimise risk and continue to
profit over the long term than attempt to make a large profits with high percentage stakes over the short term. For example Five
consecutive losing bets of $20 each would close out a betting bank of $100. If the stakes had instead been $5 the Subscriber could
afford to have 20 losing bets before facing a wipe out. This seems obvious rational yet it is surprising how many punters still
insist on using stake sizes that a proper risk assessment would consider to be entirely unacceptable.
All Tipsters will encounter negative months. The important thing to consider when deciding to Subscribe to a service is that it has
to be a long term investment to be worthwhile. Consistent and reliable returns can only be shown over time. The Tip exchange shows
you how the Tipster has preformed in the past so you can gauge how they might perform in the future. The Tip exchange strongly
recommends once you have chosen your Tipster that offers the best long term value make a long term commitment and decide on a stake
amount which does not overstretch you during the loosing periods while at the same time makes the investment worthwhile and
implement a bankroll strategy.
We hope the above information is useful in your approach to making a positive return from your gambling experience.
Beating the Bookie
How is it possible for a Tipster to consistently beat the bookmakers? To answer this question we need to talk about the Over Round. Mathematically
the sum of all probabilities for all possibilities in an event must be 1.00 or 100%. The difference between this and the bookmakers
sum of probabilities represents the bookmakers profit margin. A book with a total percentage over 100 is said to be Over Round.
As an example we will use a pack of 52 standard playing cards and show how a bookmaker would make money by asking you to back the
chances of drawing a specific card. The fair odds for selecting any particular card from a standard deck of 52 are 51/1, with a
probability of 0.0192 or 1.92%. As one might expect, the sum of probabilities for all cards will be 52 x 0.0192 which equals 1 or
100%. To gain an edge over the punter a bookmaker will reduce those odds for example to 48/1. These odds are then unfair since their
associated probability is now higher at 0.0204 or 2.04% than the true chance of picking any particular card. The sum of the
probabilities for all cards is now 52 x 0.0204, that is 1.061 or 106.1%. This may be expressed by saying that the over round is
106.1% or 1.061 as a decimal. That is for every 100 units paid out to punters the bookmaker can expect to take 106.1 or a profit of
6.1% on turnover.
Since the true probabilities associated with drawing a card are mathematically fixed the punter will be guaranteed to make a long
term loss. That is not to say he might not profit in the short run with lucky selections but as the number of selections increase
the bookmakers over round takes effect and the punter will lose.
It comes as no surprise that the vast majority of gamblers lose at fixed odds sports betting over the long run. So why are some
gamblers able to beat The Over Round and in the process the bookies? Well in sports betting the fair odds of a particular event
occurring cannot possibly be known. consequently the probabilities of sports betting are mathematically uncertain. It is fair to
say that most bookmakers are very good at setting prices and estimating the true chance of sporting events results and locking in a
profit margin using The Over Round. Nevertheless as sports are not statistically quantifiable a punter can make an estimate of the
chances of an event happening which is more accurate than the bookmakers.
With the belief that they know more than the bookmakers Tipsters are prepared to accept the disadvantage of The Over Round and place
a wager into a market they believe to be wrong allowing them to overcome the disadvantage and make a profit. How can a Tipster be
sure that his estimate is more accurate than the bookmakers. Punters differ in the methods they use to acquire a sports betting
knowledge. Some like to adopt a more mathematical approach by using rating systems based on past performance to predict future
outcomes. Others spend hours each week poring over sports journals and internet sites to glean as much information as they can about
a particular event, including news about the weather and team or player injuries and morale. Still others base their judgement on a
subjective feel for the forthcoming event relying on an inkling or a hunch about what may happen.
There is no right or wrong approach to seeking a betting edge. Ultimately the best one is the one that works for you and one that
returns a profit. However what each approach has in common is a shared aim of finding value in the odds where the true chance of a
win is greater than that estimated by the bookmaker.
Successful betting is all about understanding and managing probabilities and since odds are just probabilities value betting offers
the only way to beat the bookmaker.
