Knowing Me Knowing You: Peter Philipson

| January 3, 2017 | Reply

This is an interview I did some time ago but seeing as the interviewee has just recently joined us at the Betting Rant I thought it was well worth another airing…

At the time Peter was working for More Money Review but now he’s our very own Head Reviewer.

So Peter, what exactly is your role at More Money Review and how long have you been doing it for?

It’s coming up to five years since I started writing for MMR. I am an independent contractor who looks at most types of betting products and give my personal view on their value – or otherwise!

It’s important to be at arm’s length which ensures I can say what I really think. You might argue I am a mini Ralph Nader in a niche area.

I bet you’ve reviewed a lot of products in that time! Have they changed much over the years?

What odds will you give me on that question?! I’ve just checked and its coming up to 1,000 which is quite scary.

The range seems to have widened and the emphasis perhaps moved from systems to tipping lines. Some services are trying to offer everything so that the bettor should in theory only need to use that one alone. It’s not proving overly successful so far.

Why did you originally decide to become a reviewer?

Almost by default! Glenn Fisher wrote to his members asking for people who might be interested in helping Jack Whitehead by reviewing products for MMR. I had had a bad experience with a lay service and thought I would give it a go. The rest as they say is history but underlying all this is a mission to try and stop others making the same mistakes as me.

I strongly believe in the ethos of the MMR site and the work done in exposing people like Chris Beek (a man accused of swindling thousands of pounds out of betting subscribers) is particularly satisfying. And so long as I don’t libel anybody my views are never changed even if they are products that might be available through other parts of the organisation.

What are the main frustrations of the job?

That could be a long list!

At the top is the tipster who expects us to believe the profit claims in marketing and does not offer proofed results. Closely followed by overly long marketing letters where the relevant details are contained in two sentences. I am not keen on product sellers who do not reply to inquiries either or who try to put false comments on the review pages.

What would you say the rough percentage split is between good and bad betting services?

95% bad or at least not good value.

My underlying rule of thumb is would I put my own cash at risk on this product and there have not been too many that pass that test. I work on the assumption that my reader is serious about making cash rather than having something that might give them a bit of excitement now and again. The latter is often a route to the poor house.

Are there are any pointers that you could give Betting Rant readers as to how to quickly spot a bad service?

Take off the rose tinted glasses! Assume that the claims are false and make every effort to verify performance before you buy unless there is an unconditional refund available. If the marketing page includes a sob story or rags to riches experience, chances are it’s going to be a poor purchase.

Products that say there are limited spaces left or similar tend to be both lying and rubbish. There are some good articles on this topic on MMR which go into more detail than we have space for here.

Wait and see what the review results show before you risk any cash. If the product or service is any good then it will still be good in a month or two. There was one MMR member a while back who often posted how well he was doing on a system or service after one or two weeks and then was asking for a refund a month later.

And sticking with bad services, what’s the worst one that you can remember reviewing?

It’s almost impossible to answer that – there have been so many.

I particularly dislike the services which claim to be a wonderful this or that system/software that turn out to be selling information which is freely available to all. There was a spate of services recently using the free tips from gg.com and making out it was being selected by specialist software.

If you want to pin me down a bit more, the services offered by Jon Owen of Equine Investment Management/Greentree Consultancy have usually been appalling and are often based on demonstrably false assertions.

Of course, as you’ve already said, not all betting services are bad and my readers wouldn’t forgive me if I didn’t also ask you for the best service you’ve reviewed!  

Apart from yours you mean?! Seriously, all newbies should be compelled to start with Bonus Bagging as it will give them both cash and confidence. There are follow up services from Mike Cruikshank that would allow many to make their profit objectives with little risk but maybe lack the potential excitement of a tipster or mechanical system.

If you want to take more risk with your cash then I particularly liked Kevin Laverick’s trading service but this stopped a while back. He is now a consultant with Goal Profits which has had some good reviews (not mine) but is not universally liked.

On the horse racing front I think Value Racing from Betting Gods and Personal Information Service are good tipping services with Ray’s Lays a good lay service if you take a bit of care. I am currently looking at a sports service which has very good potential but it is a bit early to fully recommend now. Ask me again in three months on that one.

Thanks Peter. I guess the only other question to ask then is do you still bet yourself or have all these dodgy services you’ve reviewed put you off?

I actually only started betting just before my reviewing career got underway. I tried a couple of tipsters with no success and turned to lay betting because it seemed likely that picking losers was going to be easier. Turned out it was also going to be expensive!

What would have been great was if Bonus Bagging had been around then but I have had to tread very carefully to build back up the losses incurred when I naively did not know better and so I now have a pretty conservative risk profile…

That is, unless you look at the lay system I use where minimum odds are 35.0, the average 170.0 and where we have just had 321 successive winning bets. The last winner reduced the strike rate to 99.7% 🙂

Oh and of course I always invest a couple of quid in some weird tipster’s international accas!!!

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