If you are searching for a reliable sports betting tout, that is also affordable then the chances are extremely low. It has been said that for every honest tout there are ten that are scams. A good tout will have genuine advanced skills, that sets them above other bettors (and the sportsbooks), to give consistent winning betting results.
Touts will give you betting advice that will require you to pay a flat subscription fee. If you are familiar with stock trading, it’s the same as financial advisors recommending which stocks to buy and sell.
Honest Touts – Tips and Success
Honest sports betting touts therefore drum up business by extolling their success rate. Of course past performance can never guarantee future performance, however it can provide an indicator as to how reliable the tips can be.
Scam Touts – Volume rather than Performance
Charlatan tout operators are all about the sales rather than the performance. The more volume they attain, the greater the subscription fees, irrespective of how good or bad the performance is. They therefore project quality and guaranteed returns, but there is very little substance behind their claims.
There’s also a conflict of interest with the sportsbooks. Touts can be paid a commission from sportsbooks for every bettor that they bring in. The commission is paid by the sportsbook to the tout based on the losses of the bettor. It is therefore in the interest of the tout to infact provide bad tips rather than good ones. There is therefore a conflict of providing good tips to keep their subscription pipeline, but are also paid commission for the bad tips. At the end of the day, it doesn’t matter if the tips are good or bad.
Arizona and California
In the US, there are two states that have regulated touts for horse racing betting only. For other sports it is legal and permitted to provide touts without any restrictions.
Arizona and California have statutes in place that do not permit the selling of horse racing predictions unless the regulator has been informed in writing at least three hours or more before the race of the predictions. Therefore if a tout does not inform the regulator of their horse picks, they would be in breach of the law.