Bit of both actually Becareful.

The price is way to much , you would have to make $18000 before you start showing a profit
, and the betting methodology is definetely not for me.

I actually had a lengthy discussion on phone with the owner of sport of kings , Steve Monaghan i think his name was , just asking a few questions about how to use the sheets , wasn't very impressed with how it was done , but thats just me , for others it might work wonders.

Coincidentally when i was talking to him he mentioned that later that night at the Canterbury night meeting the WINNER of the Golden Slipper was going around , it's name LUPENTA , told me to get on no matter what price (finished 5th i think at about odds on) and i think it had 2 or 3 more runs without winning and thats the last i have seen it , so that didn't exactly enthuse me about continuing with the millionaires club one iota.

Dolly - they would be paying tax on any income from selling tips as it is a business. The first 10% goes to taxman as GST and, assuming they are running as a company, around 1/3 of the rest as income tax. So out of that $360000 about $140000 goes straight to taxman. That raises the question of why bother selling the tips if they are so good? Based on the figures quoted here of $1000 per race as a target you would assume that they should be able to generate $20,000 per week through betting on their own tips. That equates to $1,000,000 PER YEAR TAX FREE - now why bother with the hastle of customers, tax, etc when you can earn that much just using the tips yourself?

Testarossa - thanks for the reply - agree the price is way too much - if you can afford that then you probably don't need to buy the tips!

If you see any of these systems, tips,ratings etc. ask one simple question.
"If it's as good as they say, why are they flogging it instead of just backing their own selections?".
The answer is, of course, they make far more money selling the system to gullible punters than by following a "foolproof" system. Steer clear of all of them - if it was any good it would not be on sale, I'll give you the tip.

Thank you everyone, As always very useful information. I hadn't heard of these guys and their profit expectations were, as you would expext, very good. I was interested to get some feedback from our forum. 18000.00
Boy what could i do with that !!!
Good punting everyone.
Cheers, Golly

Rain Lover, I do agree when we are talking about systems costing thousands of dollars, however, there are ratings services etc at reasonable prices which are well worth investing in. The main difference is in sorting out the ********** from the real deal. This only comes from solid investigation and proven results.
I actually do use my own selections and back them, but I have a few select customers using the same system, but at a reasonable cost and with a money back guarantee. I won't and don't advertise it here as it would be against the terms of use of the forum and most people here are already using systems they have devised themselves.

That's where we disagree EI. I have a selection method that shows a reasonable return on effort & money. But I wouldn't presume to sell to anyone as it picks more losers than winners.

Don't get me wrong Rain Lover, I do agree that there are numerous ********** about. I don't market my system aggressively and only have a few customers who have approached me. It does pick more losers than winners, but the average dividend is around $7 so it makes a good level stakes profit over a few months - not every week.

There are many people who, due to work or family committments don't have the time to devote to their form study or systems and still enjoy a bet. It is mainly those people that can benefit from someone else doing the legwork provided the service is at a reasonable and affordable cost.



[ This Message was edited by: Equine Investor on 2002-08-24 16:23 ]

Hi mates:
Why do you think Simon Marshall have to ride
again in a dangerous job to make a living,
if he is sucessful with his useless tipping
services why dont he sit back and enjoy life
instead of come back out and putting his life
on the line .
cheers!

seamerthechamp, from the information I have, Simon Marshall only put his name and face to his tipping service, which performed badly. There is a guy behind it all in QLD, who also is responsible for about three other failing tipping services.
I think it may have just been bad judgement by Simon.

Equine Investor,

I was silly enough to sign/pay up for Simon Marshalls service.

I spoke to him (it sounded very much like him) a number of times to question the poor results.

Punters choice since told me he is only the front man for the service and as you say some bloke in QLD runs the show and several others like it.

Often SM would "tip" something pre race on SKY aginst the selections his 'service" gave the same day.