Fees In Relation To Service 744 views

Fees in Relation to Service

Before launching a sports consulting service, one of your most important decisions will be the administration of fees charged in relation to the services you will provide clients, such that they are fair and equitable for both parties involved.

It is my belief that a client should never pay more than their equivalent of one wager, or unit, per month. Pricing should be set with one’s demographic in mind. As prices increase, market numbers decline. It is imperative to understand this concept in order to effectively organize your business in a way that will allow for gradual growth, and not balloon-like expansionism. The latter will more than likely disturb the personalized service that clients have grown accustomed to. This is something that a service with value should not be willing to compromise.

An example would be how my NHL Consulting Service operates. The service operates for a period of 6 months, from October through to March 31. The price is $100 per month, but also allows for a one month discount if a full season subscription is remitted by September 30.

A client that purchased the advanced full season subscription for $500 earned +45.86 units last season, based on wagering reverse juice on favorites ( $??.?? to win 1 unit ) and risk option on underdogs ( 1 unit to win $??.?? ). Taking into consideration the client saved $100 from the monthly subscription price, the client realized an 89.1% return on their purchase, and Timothy Wynn earned 10.9% for services rendered. IMO, this was a very fair and equitable venture for both parties involved.

It is probably impossible to fathom the number of handicapping services there are from a world wide viewpoint, and therefore the way a service operates from the standpoint of fees they charge for the services they provide are probably limitless. This is just a personal perspective that has worked for me.

If there are services on Pick Monitor that have alternative ideas than the one shared above, this is a great thread to explain how your handicapping service operates.

Best of luck and have a great day everyone!


Nice insight into having a professional sports consulting service. I wasn't sure about the business end of it in terms of financial gain for both parties but now I have an idea of what works for both sides. Timothy, what is your opinion on sports consulting services offering a refund or partial refund if a certain criteria is not reached in terms of either units gained, ROI etc? Is this type of advertising more effective in gaining new clients or for lack of a better term a scam? With the amount of services provided who come and go, I'm thinking more along the lines of a business sucking someone into their service utilizing this type of advertising, then when things fail they are like a thief in the night and are nowhere to be found.

Edited 9/21/15 at 5:16PM by TheCaptain - No reason listed.


Thank you @TheCaptain.

Keep in mind these are just my personal opinions in response to your queries.

"what is your opinion on sports consulting services offering a refund or partial refund if a certain criteria is not reached in terms of either units gained, ROI etc?"

I believe if a service is offering a refund, or partial refund, to its clients based on performance, then that is a personal preference, and can be deciphered in multiple ways. Each person has their own definition of subjective content, and I believe this falls under that category. For instance, if a refund, in full or partial, is offered as a safety net for a performance lesser than expected, then should a client be willing to pay more at the end of a subscription for a performance greater than was expected? Personally, I have no idea what my clients are actually wagering per game, although I do make a point to explain that they should be playing no less than $100 per game for reasons explained in the initial thread post. Should they be wagering higher, then in effect, they actually earned a greater return on purchase than 89.1% in comparison to my service fees, but this is information not usually provided by the purchaser, thus impossible to prove. Another question to pose would be; How great are the benefits to a purchaser as it pertains to receiving a partial or full refund? If a service is charging $100 per month, and the player is betting $500 per game, then they are paying 1/5 of their unit size in relation to the fees. If a service is under performing, a refund is more of a footnote than a clincher from an advertising point of view. However, I am not chastising those that have refunds in place with their service, it is a matter of personal preference.

"Is this type of advertising more effective in gaining new clients or for lack of a better term a scam?"

Honestly, yes. I believe it could assist a service in generating new clientele in the short run, but would certainly not maintain clients should the service not perform with a positive bottom line. I do not believe that advertising a refund as part of the service is synonymous with the term "scam". Although I would think that there are those fly by night services that consciously utilize that aspect of advertising to administer their "scam".

I hope my response is easy to understand, and satisfactory to the questions you posed.


Very informative Timothy you never disappoint, thank you for taking the time to respond. Fascinating business to attempt and the people here on PM are some of the best. Good luck with your NHL advisory service this year, from what I hear, there is none better.

Edited 9/21/15 at 6:09PM by TheCaptain - No reason listed.


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