It’s something I see far too often. Twitter is the perfect platform to allow tipsters to easily try making a few quid by charging for their tips. It doesn’t take long for most tipsters to turn to this idea. Maybe a winning week makes them feel as though they deserve people’s money, but regardless, my best advice for you is not to fall into the premium trap too early!

Now, there is an argument that some would raise with me at this point, which is that tipsters shouldn’t ever charge for their tips, however that is a different argument and one I will not be discussing today.

Let’s be honest, we all like money and the easier it comes the better. So the idea of making some easy cash by simply posting a few bets seems like a great idea. Don’t get me wrong, I think if you are putting the hard work in, by all means you should be paid for your work, the same as anything else. The issue that many tipsters have, is that they are far too keen to jump in and start charging for tips. Some tipsters haven’t even built a following of 100 people on their free page, let alone one that they will ask for money to see. The tipster is then simply limiting how much money they will realistically be able to earn in the future.

Let’s make up an example. You have 120 followers on your free page, you choose to go premium for £5 a month and after a few weeks you have 8 people who have paid for your premium account. All well and good, you have locked yourself up £40 each month in extra cash. However, now it’s going to become very hard to increase your premium following. You want the paying customers to stay with you and to do that you need to provide them with tips, winning ones at that. At the same time, you naturally want to build your reputation and encourage more people to join. How do you do that? You can’t post too many free tips, otherwise the members will stop paying and will simply follow the free bets, as the edge they’re getting won’t be significant enough to pay for the additional ones. So instead you boom your winners and make a big deal of them, showing the bets placed on your premium page once they have landed. That in itself won’t get you enough of a following. You need your members to back you up! If you’re lucky and have genuinely been making them money, half of them at best might give you some kind words, they might tell you you’re ‘smashing it’ or how they made their fee back within a day. All very nice, but let’s be honest, who is really going to trust a small handful of people giving you praise? For all they know, one of them accounts could be your personal account and the rest a few of your mates.

So all of this combined together, simply leads to a serious lack of paid members and barely any money to match your work. Although when you initially start your page you may feel you deserve the money because of the ‘hours’ you put in, it will pay off in the long run to be patient and gradually build your following. This is all assuming that you are actually decent at betting.

You won’t gain a big reputation being the in-play tipster with 120 followers who charges £10 for lifetime membership. Trust me, there are a crazy number of accounts out there who do that. It won’t come as a surprise to you that they ended up with a small handful of members and most of them are starting to give up on their dream.

It’s not what tipsters want to hear, however I seriously feel that everyone is jumping on board the ‘VIP’ train far too early. It comes across to me as people who simply are desperate for money. Whether this is true or not, I couldn’t tell you, however that is certainly how it looks from an outsider’s perspective. It’s not easy to become one of the big players when it comes to tipping. If you really are taking it seriously and like to see yourself with some kind of future in the business, you must be patient. Prove to everyone that you are good at what you do, that you show profit long term. It’s all very well pinning a tweet saying you have won 34 out of the 40 bets that you have posted in total, but in reality this is meaningless. Betting is a long term game and to gain people’s trust and confidence, it’s crucial to prove you can make them money over time. With this in mind, 34 wins is nothing. Remember, you can always add a donation link to your page. Although you won’t get much, I’m sure there will be a handful of followers who would give you a tip.

So whether you’re thinking about charging, or are starting your own tipping account, please do take this into consideration before you make a premium page. It can be the difference between growing into a success and not growing at all.

I can imagine this is a subject some people have strong opinions on. If you’re one of these people, let me know!