The Hidden Cost Of Slippage

There are lots of hurdles to overcome before you can expect to turn a profit from following a tipster. First and foremost of course it’s the tipster’s skill to identify value prices. Secondly you want the tipster to advise his bets at prices from a reputable bookmaker who does not restrict their customers. Additionally you need to deduct subscription fees from potential profits and bet placement fees if you happen to place your bets automated through a bot (like I do). Something that is not so obvious and sometimes hard to estimate is slippage, which also has a hefty influence on your bottom line.

Slippage is the difference in profits between betting at advised and betting at obtained prices. Say, you follow a tipster and his yield across 1000 picks is +4.50%. Let’s also assume that the actual yield you have achieved from these bets (by sometimes being forced to take lower odds) is +3.30%. Your slippage would then be 1.20% (4.50% – 3.30%).

Please be aware that slippage only affects winning bets. For a losing bet using 1 point level stakes your p/l is always -1, regardless of the odds you took beforehand.

Consistently taking lower than advised prices can eat massively into your profits as we will see below. In fact it can be the difference between winning and losing depending on the popularity of the tipster. Generally speaking the more popular the tipster the greater the slippage will be.

But just how much of slippage are we talking about? I will try to quantify this figure below.

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#WisdomOfTheCrowd service scoops SBC award!

I’m happy to announce that the #WisdomOfTheCrowd service has scooped the ‘Best Tipster Newcomer’ award in the 2019 Secret Betting Club Tipster & Betting Awards. This award was voted for by SBC members.

The #WisdomOfTheCrowd is a fully automated, high-turnover betting solution with a long-term ROI of 5%+. The methodology to identify value bets is based on efficient market hypothesis and is explained in full here Wisdom Of The Crowd (by Joseph Buchdahl)

A bot will place all your bets. Instantly and with zero effort.

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SBC verified!

Feeling honoured that my #WisdomOfTheCrowd tipping service has been approved and independently verified by the Smart Betting Club in their latest magazine (issue 106) and received a 5 out of 5 stars rating for transparency!

From the review…

“Every now and then a service emerges that is completely different to anything that has come before. Whether that be mode of bet selection, method of bet placement, or the use of new technology, there is something that sets it apart from the crowd. This is certainly the case with Wisdom of Crowds (WoC), which approaches tipping and bet placement from a very different angle to most…”

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Automate The Boring Stuff

Smartbet.io offers a betting application that automates all aspects of betting, suitable for both tipsters and punters.

Specifically, the application will automatically retrieve bet details from almost any kind of source (including the most popular tipster platforms like blogabet, pyckio, betadvisor, etc), form the corresponding order, automatically place the bet at best market prices and it will track all bet details in real time.

Benefits for the user:

  • Automatically follow all your favorite tipsters with full customization regarding sports, stakes, etc.
  • Bets placed automatically – no need to wait endless hours for new picks
  • Bets placed in 1 sec after a pick is received – you get the best available odds
  • Detailed stats are kept automatically for all your bets – no need to keep records

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