This is my review of the horse racing tipster Henry Rix. I have wanted to sample Henry’s advice for quite some time because when I first become involved with investing in horse racing, my father told me "Henry Rix was the best tipster around". At the time I looked at Henry’s website, you can fin it here at www.henryrix.com and thought to myself, one day when I can afford it I’ll be signed up with Henry and making a fortune.
And this is what Victor Chandler thinks "I've never known a tipster to be so consistently good over such a long period of time. I know we are not alone in treating him with the greatest respect." You can find more on his service here.
Well it’s now a year later and if I wanted to I probably could sign up to Henry Rix. But I am a little wiser now and I am afraid Henry has to do a little more to convince me to sign up! To sign up costs at minimum £695 for 3 months, and at those sort of prices you want to have confidence in the service for it to be making you money straight away. There is no introductory offer here, which is a pity because I like to trial a service for at least a month to get to know whether I like the service or not.
So I signed up to a relay service for a month for £50 just to trial Henry’s tips. This relay service carries the tips of other tipsters which I also followed and you can read their reviews elsewhere on this site. I should say that if I actually wanted to follow a tipster I wouldn’t do it through a relay service. I don’t want to digress too much from Henry Rix, but if you want the best prices you have to act on your tipster’s advice as soon as possible. Going through a relay service works against this as you have to wait for the relay to receive the tips, and re-publish them to you. It’s a little cumbersome and if your relay quotes advised prices you will quickly see that you are missing out on value. But to sample a service I thought a relay service would be adequate for my needs.
So my trial month was February 2008.
During this trial month Henry provided me with four bets! Yes that’s right four bets - I wonder whether he was soaking up a bit of winter sun? And they all lost to make matters worse. Actually as there are so few I’ll list them for you here
- Blue Bajan lost at 8.0
- Princelet lost at 13.0, and
- Important business lost at 9.0. This was also an each way recommendation, but sadly it didn’t place either.
The most disappointing thing for me is actually the volume of bets. How can a tipster make you money if they are not providing the advice? For me, I want my tipster to provide me with a tip every day, so Henry fell way below my expectations. A losing run of four bets is nothing in the scheme of things, but at only four bets a month (if that is typical) you are not going to make consistent profits.
If you read my other artice "How to Review a Tipping Service" you will see that I like to rate services on other criteria also. Things like
- Ease of use
- Ability to obtain advised prices; and
- Consistency of selection philosophy.
But as I am obtaining Henry’s tips through a relay it is not fair to comment on these aspects of the service. As I have just said you get a diluted form of the service when you go through a relay.
My thoughts on Henry’s service therefore are somewhat inconclusive. But I gave him a month to convince me and I can say with confidence that he has failed in that respect. I couldn’t recommend him to you based on my experience.
My sense is that Henry provides tips when he has inside knowledge that he feels is right to pass on to you. I believe he owns horses, or shares in horses, and therefore is in regular contact with trainers and is therefore privy to information that the regular punter is ignorant of. I have my doubts about this type of tipster, simply because they cannot be privy to sufficient information to provide you the customer with sufficient tips to make consistent money.