Nobody has trolled the tout industry more than this website since we went live in 2009. When members of the industry had "100 Unit Bombs" we had "500 Unit Bombs". When cappers were going to "rehab" (or going into a coma) after a long losing streak only to come back 30 days later with a clean record, our guys were commiting suicide and coming back over and over again. Why stop at a messy divorce, drug problem or debilitating car crash injury right?
The industry was and still is a joke in many regards but there are definite myths that exist. The barrier of entry is non-existant which opens the door to anyone that says they are good at sports betting. All you really need is a Twitter account and you are in business these days. In many ways, it is still the wild, wild west.
With that being said, the idea that you can't make money following a tout is just not true and many of the myths surrounding the tout industry are just not true as well. I will go over many of them as I see them being talked about on social media. As with anything, there is always more to it.
If touts were so good, they would just bet their own plays and get rich.
This is one is wrong on more than one level. First off, I bet my own plays and I treat the money as a sort of "extra" retirement fund. I have a job, my wife has a job and even though I am able to find "edges" in the sports betting market, I don't think I will ever have the mentality that would allow me to bet more than $1K per game. Maybe I work my way up slowly, but to be honest, it does not seem likely.
One thing about sports betting a lot of guys don't understand is that anybody can win small. Anybody can bet $100 a game, manage that bankroll properly and not have it affect their lives, but it is an entirely different situation to manage, say, a $200K or more bankroll. If you think sweating out a $10K bet is the same as sweating a $100 bet, you are not being realistic. I would never want to do that on a regular basis escpecially since I don't have to.
My rule number one is to NEVER let sports betting affect my life and I believe betting $10K a game (even though I have proven that I can hit a profitable percentage) would turn me into an irratable person at times. There are plenty of losing streaks in sports betting since success is not linear. Losing six or seven games in a row at $1K is hard for me and I could handle something like that at a $10K or $20K level.
So at my level, betting $1K per game, and assuming I hit 60% over the course of 200 bets per year, which is extremely difficult, I would walk with roughly $32K, assuming these bets were made on a -110 line. Even though that is pretty good, it is no where near enough money to live on when you consider that my wife and I have a mortgage (in the Northeast) and 3 daughters who will need to help with cars, college and weddings at some point. Money does not grow on trees and every little bit helps.
The question actually goes from, "why would you sell picks?", to "why would you NOT sell your picks?" In the past 10 years, I have made over $100K in a year selling picks (before taxes) seven times and it takes literally less than 2 hours daily (at most) to keep up the website. Also, keep in mind that I actually bet anyway so any research being done is something I would be doing anyway. I can't see how anyone would pass that up given my current circumstances.
You can't make money following a tout because of the fees.
This one really depends on how much you are betting and how much you are paying for picks. I would imagine most guys buying picks are probably betting in the $100 per game range but that is just a guess. If you are betting $100 a game and paying $25 per pick, you are essentially paying -135 per pick so you would need to hit over 57% of your bets just to break even. Good luck with that.
The way we do it here at VegasKillers.com is, if we sell a single pick for $25, it has to come with a guarantee that states if the pick loses, you will be compensated by the tout keeping you on until you have profited. You are going to get your purchase price back. If the original pick wins, we offer you a subscription like 50 picks for $100 or something similar. At $2 a pick, you go from paying -110 on your bet to -112 which is much more palatable. You can easily profit paying those fees.