How to become a paid tipster? How do tipsters make money?

There are several methods to become a paid tipster. In this short article, you will find out the easiest and most straightforward way to make money as a tipster.

Here is the short answer to your question.

To become a paid tipster, you need traffic (players who are looking for betting predictions) and a platform where you can post your picks.

BetMetricsLab is offering the platform for it.

A site to become a tipster – get paid to be a tipster

Based on my experience, the majority of platforms won’t offer you enough subscribers and income for your betting predictions without too much effort.

However, there is an exception. An easy way to become a paid tipster is by opening a free account at BetMetricsLab.

You (as a tipster) can log your predictions in our bet tracking service offered for free, and when you are ready, making your profile public gives anyone access to your betting history.

Try BetMetricsLab

Steps of becoming a tipster on BetMetricsLab

1. Open a free tipster account

After opening a free account on our platform, access the Sports Betting Tracker, and click on the Get public button.

Then start logging your bets/predictions by clicking on Log a new bet.

2. Offer quality predictions that can generate long-term profits

Below you can see the main user interface of your betting history and profile if you choose to become a tipster on our platform.

3. Post at least 15-20 predictions each week

Most successful tipsters offer at least 15 tips a week. You need to offer value on a daily basis to gain attention and keep clients coming back.

Someone with only a few picks a week will lose their followers fairly fast to another tipster who has a similar result but with significantly more predictions.

4. Focus on Horse racing or football

Most bettors are using BetMetricsLab to find football and horse racing tips.

Focusing on the most popular sports as a tipster can guarantee you a bigger audience. On the other hand, basketball tipsters, for example, are a niche group.

They have a smaller audience and a smaller group of tipster competitors.

5. Be reliable without too many breaks

Bettors who follow a paid tipster will expect a decent number of predictions each week. Paying for a tipster and not getting tips will most probably result in losing clients.

6. Have a subscription price that mirrors your performance

Every paid tipster would like to earn as much money for their service as possible. Investing your time and effort in publishing great picks does not mean you should ask for a high subscription fee right from the start.

Building up your loyal audience and increasing the prices significantly only later down the road might have better results.

How do betting tipsters make money?

In this article, I would like to mention three possible ways of making money as a tipster.

The most common ways are subscriptions, affiliate programs with bookmakers, and their betting activity.

1. Income from subscriptions

Tipsters are starting their activity with free picks. If you want to get paying clients, the first thing you have to offer is credibility.

Only a few people are willing to pay for a service with no good social proof or any kind of history that makes the service authentic.

Betting tipsters can achieve this credibility by displaying many picks for a longer period.

Searching for tipsters and correct soccer predictions is getting more and more popular. The platforms for tipsters are getting advanced in providing credibility and profitability.

After a period of offering free picks, most of the betting tipsters are switching to a monthly subscription plan.

If you can prove that your picks will generate money for the end consumer (sports bettor), you will get subscribers.

The biggest advantage of using these kinds of betting tipsters is their high-level motivation.

When a tipster has a lot of subscribers, the motivation to be profitable can increase.

The only real way of getting subscribers is by being profitable in the long run, so looking for this kind of betting tipster might be the best idea.

2. Getting paid by the bookmakers

A lot of tipsters are offering free picks on their websites or social media.

For a short time, offering free predictions is the best route to increase the potential follower group.

But at a certain point, every tipster gets to the point where the time investment is not worth it without any kind of income.

Displaying affiliate links to bookmakers is one of the simplest and easiest ways of generating money.

These links drive users to bookmakers, and if the bettors are creating an account. The affiliate partner gets a reward.

If the bettor starts losing money, the partner gets a share from the bookmakers.

Most of the time, this share is 30% of the money lost by the customer.

The number of followers won’t decrease, because they are not forced to pay for something unknown.

Most tipsters are pushing these bettors to the bookmaker for the reason of catching the same odds as them.

This payment system has some downsides too:

If the tipster is getting more followers, the punters will face the problem of dropping odds. In case all of them are using the same bookmaker, the odds of that outcome will move significantly. If the followers are not fast enough, the odds will drop too much, so even a good value will disappear.
I hope you will not meet a tipster like this: some of them may intentionally fake historical data and will offer odds and picks with a very low value. These picks will guarantee that the followers will lose in the long run. The strategy itself will generate more income for the tipster, but in the long run, may hurt their business.

3. Making money from bets

From my experience, a lot of the tipsters are not basing their income on subscribers or from bookmakers.

Their basic income is the profit from bets. Being profitable as a tipster without any misleading techniques like the manipulation of bets or stakes is not an easy task.

One of the possibilities of making money as a tipster is by placing value bets.

These picks are based on overpriced outcomes, on odds that are wrong and are higher than the true possibility of winning them.

Value betting is one of the most profitable smart betting strategies. If a betting tipster strategy is based on it, in the long run, it can be truly profitable without any scammy action.

The downside of following this kind of tipster is that the chance of placing the bets on the same odds is low.

Even without the followers of a tipster, these overpriced outcomes will get much attention from smart bettors.

Here is a good example where the tipster is profitable, but even with auto betting, the follower cannot gain any profits.

unsuccessful tipster betting history screenshot

A lot of odds scanner services can display these wrong odds and most bookmakers are correcting the odds in a short time.

Make sure to check the following article on the top value bet finder software. They are the basis of positive EV betting and the success of many profitable value bettors.

FAQ

How much can you make as a betting tipster?

The amount of money you can make being a tipster depends on many factors: your results, the platform where you post your predictions, and the traffic you can drive to your profile. The profits you can make being a tipster range from $0 up to even thousands of $.