The Tipster Industry - How Do You Actually Verify a Claimed Track Record?

[Klaus]

The incentive structure makes honest accounting impossible.

The tipster's income depends on subscription retention.

Subscription retention depends on subscriber hope.

Honest assessment of a bad period destroys hope and therefore retention and therefore income.

The tipster who tells subscribers to stop following them after a bad period is the tipster with integrity and no business.

The tipster with a business has a structural incentive to maintain hope regardless of what the record actually shows.