Bet Alchemist Review

If there’s one thing us matched bettors have in common, it’s that we love to take money from the bookies!

I’ve always been curious about tipster services, so in January 2016 I decided to give it a go. I set about finding a horse racing tipster with a solid reputation.

After trawling through many tipster review sites I finally settled on a service called Bet Alchemist.

What is Bet Alchemist?

Bet Alchemist is a horse racing tipster service run by Professional Race Analyst, Nicky Doyle.

Nicky has over 30 years experience in the business and after spending many hours analysing and studying every aspect of the game, he started to make a lucrative income betting on the horses in his early 30’s.

In 2012, Nicky founded the Bet Alchemist service as a means of sharing his knowledge and skills. Yes he likes to make money, but he’s also driven by the enjoyment of helping others to be profitable.

Bet Alchemist Homepage Banner (July 2018)

Why should I join a tipster service?

If you can find a good reliable tipster service, it’s a great weapon to add to your moneymaking arsenal.

A tipster doesn’t advise a selection because their gut feeling is telling them a particular horse will win. They study form and various other factors in order to identify horses that they think the bookies have priced up wrong.

If the tipster believes a horse’s price should be much shorter, this represents a value bet.

Variance dictates that you will make losses in the short-term but by backing horses at higher odds than their chances of winning, we should make a nice profit in the long-run.

It’s all about making consistent profits over a period of time and of course the best thing about it is those profits are tax free!

Why should I join Bet Alchemist?

Bet Alchemist is a selective value betting service. This means instead of picking favourites, the bets that Nicky advises come with high odds.

In 2016, Nicky advised 70 winners out of 496 selections. Those winners had an average price of just over 8/1, giving a return on investment (ROI) of 26.97%.

As of June 2018, Bet Alchemist has enjoyed 22 winning months out of the last 31, so it’s a perfect opportunity to jump aboard and ride that wave.

Table showing the monthly profit figures for Bet Alchemist
Table showing the monthly profit figures for Bet Alchemist

Unlike other tipsters who send out tips every day, Nicky is different. He’s incredibly selective and will only pick out the horses that he believes offer great value.

With only 30-40 bets advised each month, putting our bets on only takes a few minutes.

All bets and results are logged on the site within 24 hours (a bit like my profit log) so feel free to check that out if you need some convincing.

How does it work?

You’ll receive an email as soon as the selections are available. It’s then just a case of logging in, using Oddschecker to find the best odds and placing our bets.

Bet Alchemist Selections

All selections are provided with detailed reasoning, where Nicky explains exactly why he thinks the horse is a value bet.

Bets are placed each way to help avoid losing runs. With most of the selections being at long prices, it’s actually more profitable to bet each way. Nicky sees this as his winning edge.

Nicky will also let you know when to expect the next batch of selections.

What bankroll will I need to get started?

Over the last 7 years, Bet Alchemist has seen an average yearly profit of 126 points, which equates to around 10.5 points per month.

At £10.00 stakes, that’s £105.00 profit, so accounting for the £30.00 monthly subscription fee (plus VAT), that’s an overall profit of around £75.00 per month.

Bet Alchemist recommend a starting bankroll of 50 points, so at £10.00 stakes, you would need £500.00.

Before placing each bet, you just need to divide your bankroll by 50. This gives you your stake per point. It’s crucial that you stick to your staking plan and manage your bankroll effectively.

It’s just as important to reduce stakes during bad runs as it is to increase stakes during good runs. Discipline is a must, so if you feel you may struggle with this, following a tipster service isn’t for you.

As your bankroll increases over time, so too will your staking level, enabling you to increase your profitability.

Bet Alchemist profit trend since December 2012
Chart showing continued profits since December 2012.

Plans and pricing

There are three price plan options; monthly, quarterly or semi-annually.

The monthly and quarterly options are currently £30.00 and £79.00 (plus VAT) respectively. These are discounted prices available exclusively to Matched Betting Blog followers and are fixed for the lifetime of your membership, so don’t miss out!

The semi-annually plan offers the best value at £150.00. Spread over six months, that’s just £25.00 per month!

You’re probably thinking that all sounds a little pricey. I thought exactly the same at first. In fact, when compared to other horse racing tipster services, Nicky’s prices are very competitive.

Bet Alchemist Pricing Plans

He’s so confident in his service that he offers a 60 day money back guarantee as standard. If you don’t make a profit, he’ll refund your subscription fee in full. You can also cancel anytime if you decide it’s not for you.

Personally, I’m happy to pay those prices, as I trust the information I’m paying for.

When it comes to tipsters, you definitely get what you pay for. I’ve tried a few free services and I’ve been unimpressed to say the least. With free services, they’re either desperately trying to make a name for themselves or they’re just not very good at what they do.

Free Tips

If you’re not quite ready to commit to a monthly subscription, there are a couple of free options that may take your fancy. These can be found under the ‘Free-Tips’ tab at the top of their homepage.

You can sign up for free weekly tips from Nicky Doyle as he focuses his attention on the big Saturday handicaps.

You can also take part in the £1,000 to £5,000 challenge where Nicky helps us grow our starting balance 5 times over across a 12 month period. Nicky came up short with his first attempt, finishing with a balance of £1,937. That’s still a profit of £937, which isn’t bad at all for a free service!

His second attempt didn’t go quite so well, twice reaching the £1,639 mark before falling back down to the starting balance.

After conducting a survey with his subscribers, a small subscription fee has been introduced for Nicky’s third attempt. This should enable him to commit more time to providing a winning service.


I’ve been using the Bet Alchemist service since January 2016 and I’m very impressed with what I’ve seen.

Nicky operates a very professional service where everything runs like clockwork. The emails turn up when they should and the advised prices are always accurate.

Having bagged a total of 237.38 points profit across 2016 and 2017, 2018 has been steady with 46.22 points profit made up to November.

Obviously I can’t guarantee that Nicky will continue to come up with the goods, but his track record speaks for itself and I have every faith he’ll do just that. Having profited handsomely myself, I felt compelled to spread the word and help you guys earn a bit more cash too!