If you just stumbled at Blogabet and had never before frequented other tipsters platform, you might be confused. What are blogs? What are all those charts and why do I need them? There's just so many questions that new members have. This article aims to explain what this platform is about and also why it has evolved the way you see it today. It will provide you with some tips on how to use Blogabet and what are some important features.
How it all started
A betting blog is just like any other personal diary or portfolio, just slightly more specific in that tipsters use it to keep track of their sports betting selections and overall profitability.
Back in 2006 when Blogabet was conceived, there were not any specialized platforms to cater accordingly for the growing needs of punters to showcase their knowledge. Most betting tips were shared across betting advice forums where users were keeping track of their records manually in their forum signatures and verified odds was science-fiction.
We proudly label ourselves the inventors of the “verified odds” concept, a betting blog where you can be sure that the odds displayed were true and available at the time of publishing of the pick. To achieve that we use multiple direct bookmakers feeds where tipsters can verify in real-time the true odds for their selections. In the blog, the verified icon can be found on the left of the avatar next to the tipster name. Pointing at the icon will reveal the percentage of verified odds used by the tipster.
Next, to the verified icon on some blogs, you may find the reset icon. As in most life situations, here in Blogabet we also allow users a second chance. Reset is the magic button that erases all past picks from a blog and the only trace left is when you see the reset icon and point at it, it will show the number of resets that the user has made and also the date of last reset. The more resets a blog has, the less seriously you should take it. Having many resets is usually a sign that the tipster is often ending up being in loss/negative stats or just experimenting with his selections!
N.B. Tipsters that offer paid services in Blogabet Market are generally not allowed to make resets. So if you see the icon in such a blog, it most often means that the reset(s) have been made in the past, when the user was a free tipster.
These can be found on the right of the user avatar and show the most basic numbers: how many betting PICKS have been posted, how much units net PROFIT were gained/lost, what was the rate of return in %, aka the YIELD and how many other user has the blog attracted as FOLLOWERS
The more picks the better, having a large sample can only be a plus. Blogs with a small number of picks can look good at first, but have not been tested for endurance, i.e. these tipsters could just have been lucky with a small batch of picks.
For the units profit is the opposite – quantity does not necessary mean quality. This stat alone is not representative unless viewed together with other vital stats like yield, stake average, etc. A blog with lots of units earned does not necessary mean a good tipster.
The yield is the more important stat and it is where quality shows. The higher the yield, the more return on your investment you will get. Of course, this stat really weights much when combined with a large number of picks, few hundreds at least.
Followers can never be wrong - a blog with many followers means that the tipster has been around for a while and has made himself famous in the community. Having many followers also means that his work is under daily scrutiny and less chance for any irregularities in the tipster conduct.
These three shiny boxes positioned right under the blog header are not a coincidence. They showcase six of the more important tipster stats that you should pay attention to.
Win rate shows how often the tipsters wins his bets. A high win rate usually means the tipster is less prone to long loosing streaks but does not necessary means he is a good tipster.
To know that you also need to click the Odds/stake average switch and check this very useful graph. The odds average is what the name says, showing the average odds of all picks taken by the tipster and it could be pretty telling. A seemingly successful blog that at first glance looks great with 75% win rate, could instantly look not so good when you see that his odds average is low 1.20, i.e. the fact that he wins 3 from each 4 bets is not good enough to make a profit when the odds used are so low. And of course, the opposite is valid too. A blog with a low win rate of 35% could actually be making tons of money if he is picking at average odds of 4.0 or above. After all it is all down to simple math.
N.B. Odds average in Blogabet is pondered (weighted) arithmetic mean, i.e. accounting for the stakes used. If a tipster has just two picks, one with 5.00 odds and 1/10 stake and another with 2.00 odds and 10/10 stakes our formula will take into consideration that the latter pick weights 10 times more/has 10 times bigger stakes. Hence the pondered odds average from those two picks will be 2.27 and not the simple arithmetic 3.50.
Moving to the middle box you will see the Top Sports and Top Bookies charts. The first is useful to get a glance of the field of knowledge of the tipster - is he confined just to a single sport or his picks come from a wide variety of events. Both could be good or bad, a tipster specializing in one sport could mean a serious approach and in-depth knowledge in a specific league. On the other hand, a tipster with picks from many sports could mean a seasoned veteran with many connections and years long expertise.
The chart about the bookmakers used also reveal a lot about the blog owner. A tipster selecting his picks from a high stakes bookmaker like Pinnacle, SBO or Dafabet is usually a sign for a much higher degree of proficiency compared to those using odds from European bookmakers like Bet365, Ladbrokes, William Hill. To understand better this chart you will need to know more about the profiles of the bookmakers and check our bookmakers review section.
Further on the right you will find the Profit chart which is as straightforward as it can get, it never lies. An ideal profit chart will head for the skies and will never have any serious downs. It is also worth switching from the default last 12 months graph to the all-time graph. If the tipster has been around for some years, you will get an instant picture of his whole blog history. For example checking the all-time Profit chart in Editor's blog will show you that the blog have been around for more than 10 years, starting back in November 2006, but actually, more than 50% of the profit was produced in the span of just one year from Jun 2011 to Aug 2012. For the next almost 5 years since then, his blog has just seen an equal number of ups and downs and no new profit has been accumulated.
Last, but not least is the current form chart named Last 10. It shows the results of the last 10 graded picks of the tipster and is usually a good indicator of his current form. A tipster with lots of winning bets in last days could be overconfident and not so careful in his next selections. On the other hand, a tipster with many losses could be badly affected by the results and this could impair his ability to make a good judgment for his next picks while the negative trends last.
This is the end of our introduction into the handy main blog stats. If you are ready and feel confident to get into the real thing, then proceed further with our next article how to make the best use of the detailed Statistics and Picks Archive pages available for every betting blog.