Andrei Nitu (AndreiNituBets)

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Tuesday December, 10th, Dani (15)

Andrei NituAndrei Nitu (@AndreiNbets) is a professional Basketball Tipster. He provides picks on some of the main Basketball European leagues. From June 2010 to May 2013 Nitu posted his picks at Betadvisor, where he was named Tipster of the year in 2012.  In this period he has achieved a yield of 9.18% in 1,743 picks. Afterwards he created his own site Andrei Nitu Bets. In this new stage he has sent 214 picks and his yield is 8.50% (as of Dec. 9 2013).

How has it been going for you since leaving Betadvisor?

It’s much better because right now I have a direct contact with my clients and I know exactly what their needs are and how to make things work very well for both parts. Moreover, Betadvisor’s reward system for Tipsters is uncompetitive and that made me concentrate less on Betadvisor and more on private investors.

What was your first contact with the sports betting world?

My first contact with betting was when I was 16-17 years old and I was betting at locals bookmakers, on all sports.

Why did you specialize in Basketball?

Beacause I saw that in basketball I had an edge over bookmakers and because there is a lot more math involved than in other sports.

How long have you been working as a tipster? Do you expect to keep on working as a tipster for many more years?

I started as a tipster on the biggest Romanian bettting site, in 2008. 2 years later I was submiting my tips on Betadvisor and in June 2013 I lunched my own service, andreinitubets.com.

What are the best and the worst parts of the tipster profession?

The best thing is that I win money from my passion. I just love what I do and I can’t wait in the mornings to start “working”.  I do my own schedule and I’m my own boss. And I can do the work with a laptop from a Caribbean beach :-).

A bad part of this profession is that few people understand what I do and sometimes it’s hard to answer to the usual question: “ What do you do?”. And of course when a losing streak comes it’s not easy.

What is your method for findinding value odds and selecting your picks?

I analyze games; I have a few guys from different countries who give me information and I put all that in my mind to find the value. It’s not a particular method, just hard work, good feeling and big knowledge about what betting means. This  makes me one of the best.

Most of the picks you provide are handicap bets of European basketball leagues. Do their odds drop sharply after you publish your picks? Do you think there is still value for your subscribers?

If you don’t drop odds you are not a good tipster. Bookmakers are always fearful of winning accounts and they drop their odds when they see some sharp player placing a bet. My clients have these winning accounts. They are marked by bookmakers like  Pinnacle and when they place a bet they drop their odds.  Having accounts with as many bookmakers as possible increases the chances of catching the same value as me or even better.

I always post bets from Pinnacle because they are a reference bookie in basketball betting. But many times, there are better lines/odds available elsewhere and clients can find that value if they have accounts with those bookmakers.

I can see from your NBA statistics in Betadvisor that you couldn’t make a profit in 377 picks. what is the reason in your opinion? don’t you think it is a very efficient market?

NBA is hard to follow because we are in a different time zone, and also because their lines are sharper than in Europe. That’s the reason why I decided not to touch NBA anymore.

Do you think it’s important to watch the games on TV?

For me that is not an important point in betting.

What is your staking method? What is your advice for punters?

On my own service I use only flat stakes, 1 unit. I think that is the most professional method of staking in betting. About bankroll management, it’s good not to bet more than 2-3% of your bankroll on a single bet.

Sometimes you have stopped submitting picks after bad runs. Do you suggest to other tipsters to do the same? Why?

In a bad run it’s good to limit the number of picks and sometimes even not to post any for a short period of time, to rest emotionally. It’s always hard to work under pressure, A few days of pause can refresh your mind.

What is your opinion about live betting in basketball? Do you think it’s easier or tougher to win money than with pre-match betting?

I don’t bet live on basketball, I find it hard to find some value in such a short period of time. Live betting can be only good if you see that an important player just got injured or something similar, but those are exceptions.

If your numbers are very good, can you earn a good living as a tipster?

For sure. A good tipster can earn over 3,000 euro per month easily. But is very hard to reach this “ good tipster” status.

What advice would you give to those who want to become professional Tipsters?

First, to verify their picks. An unverified record is nothing. My service is verifed by 4 independent sites, so nobody can doubt the results are not real. After that, to have patience, to work hard, and if in 1-2 years and over 1000 verified picks they have a yield around 10% they can be considered professionals and start making money from this.

Do you think there are many “hidden” but potentially great tipsters, who aren’t betting yet due to fear or ignorance?

No, I don’t think that. A potentional great tipster never fears :-)

Can you tell us how a normal day in your life is?

I start working at 8-9 am in weekends and 9-10 am in weekdays. At around 12:00 I send the pick/picks to subscribers and take a little break. Starting from 3-4pm I look for next day games and make my view about where are the values and what are the lines.

What do you do in your free time? What are your hobbies?

What all people do, nothing special. Going to the gym, meeting with friends, playing snooker ( that is my hobby). I also like travelling, so I make 2-3 travels outside the country every year.

Any sports betting book you have read and want to recommend?

I recommend the book I will write, others are useless :-). I didn’t managed to read any sports betting book even if I tried many times. Didn’t find anything good so far.

15 Responses to Andrei Nitu (AndreiNituBets)

  1. It has just been brought to my attention that the post I responded to was not written by Adrei Nitu but by Alun Evans. I apologies to Andrei for my laziness in assuming it was him, I made the mistake because it was on his Tipsters Mind page. Sorry Andrei.

    But my response to the criticism by Alun Evans still stands. Your criticism has no authority at all for all the reasons I’ve explained in the original reply. When Betadvisor stop claiming that all their tipsters are profitable in the long run then I will start to reconsider their credibility. As for me gaining if they drop clients, I hardly think that dropped clients (who presumably were dropped because they were not profitable) are going to offer Pyckio anything that needs to be paid attention to.

  2. This comment from Andrei is presumably in response to me refusing to accept his new football tipster for verification on the grounds that I have chosen no longer to accept service who have more than one tipster for the reasons I’ve explained on http://www.football-data.co.uk/blog/truth_about_sports_tipsters.php. As a summary, I consider these multi-tipster services as simply an attempt, through pure chance, to show something profitable which they can sell to customers. The more tipsters a service has the more likely that at least something will be profitable, even though there may be no skill involved.

    The problem with Betadvisor, unlike Pyckio, is with the opinion it has of its tipsters.

    On http://www.betadvisor.com/help/faq.html in the section under ANALYSTS is still says:

    “Do you recommend certain analysts over others?
    No, all are profitable in the long run.”

    Clearly that is untrue. Between the 15th May 2011 and the 31st October 2013 70 out of 118 tipsters were not profitable and a significant number have left before they started making a profit.

    To my knowledge Pyckio doesn’t make any claims that all its tipsters are profitable. Additionally, it is not making (and does not plan to make) money out of unskilled tipsters, unlike BA and all the other multi-tipster services which I now turn down for verification. To be clear, I am sure that BA and others think their tipsters are skilled, but a rigorous statistical analysis of their performance chose that the vast majority cannot possibly be so.

    Andrei asked me last week if I could verify his new Spanish football, Mateo Simone. He never once attempted to show me evidence of Mateo’s impressive record. Of course, it probably wouldn’t have made much difference, I would still probably have refused, on the grounds that Mateo ha only be chosen because of the survivorship bias. Find 1,000 novices who know nothing about betting to find matches to bet on and a few of them will show enough profitability to make them (and tipsters who wish to showcase them) believe that they actually have a special talent.

    So this why Andrei is making the comments that he has made. He believe he has found an angle with which to criticise me. But unfortunately his criticism has no authority at all for all the reasons I’ve explained above.

  3. Alun Evans

    I think it’s a bit rich for Joseph Buchdahl to be complaining about Bet Advisors credibility when I’ve seen a few articles from him now where he moans about Bet Advisor and doesn’t acknowledge that he has something to gain from them dropping clients. He’s a named pareticipator in this Pyckio projects. I don’t see how he can clame to be impartial now.

    People in glass houses etc etc.

  4. Without wishing to open up past wounds on this topic, I frankly have to treat anything that Betadvisor say in their own defence with a pinch of salt. Their own FAQs (http://www.betadvisor.com/help/faq.html) continue to claim that “all [their analysts] are profitable in the long run”. If that is the case, then how do they account for their own data showing that between the 15th May 2011 and the 31st October 2013 70 of the 118 sports tipsters working there during that time lost money. Presumably many of these tipsters were dropped by Betadvisor before they had made a profit, otherwise how else could their own ranking page show 41 profitable tipsters and no unprofitable ones at the time I undertook this analysis? Unless something is escaping by attention here, I believe the claim that all their tipsters are profitable in the long run is manifestly untrue and would fall foul of UK advertising standards if the site was registered in the UK. Whilst I’ve always respected what Betadvisor has been trying to achieve with its project, I maintain that it does itself no favours in the eyes of its detractors by continuing to publish such misinformation and not be more upfront about the true quality of the tipsters it works with, who in my opinion are almost entirely relying on luck rather then skill. Indeed, during the 2 and half year analysis period, only 2 of the 118 tipsters analysed could have delivered their records purely chance at the statistical significance level of 99%, and one of those was Andrei Nitu. That, of course, if not Betadvisor’s fault, this is quite a typical finding. Analayse a group of 100 tipping records from tipsters who believe they can forecast sports and on average you will almost always find performances normally distributed about an aggregated mean close to 0%, with good and bad luck accounting for perhaps as much as 95% of the work. This finding is to be expected, and we find it again in the financial sector: almost all fund managers are merely tossing coins and are unable to beat the market. Sports betting, like the stock market, is an wholly uncertain business, and where uncertainty reigns, very few people genuinely know how to tame it.

  5. In answer to your question, the idea of taking legal action was debated but we are based in France and Andrei is based in Romania, our lawyers advised us that taking legal action against him would require him to voluntarily come to France.

    Andrei’s market share was considerably higher than 27%, unless he is now selling subscriptions to many hundreds of clients, I can’t see that he could be making more money now than when he did with us.

    The only credible reason I can see for him wanting to leave the site was so that he wouldn’t have to be restricted by the measures we put in place to protect his clients.

  6. Dr. Who

    If he is the best tispter in europe, so I’m the first person who landed in Mars. Also whole Betadvisor is a scam site with good marketing and no good tipsters.

  7. Acebedo

    I was a client of Nitu during january 2012 until he left betadvisor as a consequence I must give my opinion.

    1) The first question is for Betadvisor;
    I would like to know why did not you take any legal action against nitu? Because as you said, in terms of contract andreinitu is a copyright of Betadvisor and he used this name within 6 months. In addition, he has given inside information in the forum of verifiedtipster. So why do not you take nitu to the court?

    2) The next question is for Nitu;
    Could you proof with objetive facts that you gave your best picks to your private investors?
    Nitu please, let’s be serious, because we are not children. In my opinion, you should proof all you say after that what you did in Betadvisor because honestly I do not really believe you. I do think that you invent that story because you lost around 1200 units since January 2013 and then you realised that with guaranteed profit ( until you do not get in positive you do not pay the tipster) of your clients, was very difficult recover those lost, and then you were not able to earn your salary per month like you got used every month.
    As a consequence, from my point of view you invent that history without any proof.

    3) Nitu, you said that Betadvisor did not pay you enough but I do not believe you again because your cost was in the last month 199 euros with full service and you said that betadvisor paid you around 27% and I guess that full service was around 100 clients so I guess that you got around 5373 euros.

    During January 2012 until May 2013 I lost money with Nitu, Why? Becuase i lost many bets by 1-2 points that were good for Nitu in spite of being in from of the laptop when he sent the tips.

    I am looking forward to hearing from Betadvisor and Nitu my questions.

    Regards.

  8. Baz

    I was one of Andrei’s clients who lost a fair chunk of my bankroll to whatever was happening at the start of the year. As much as it pissed me off, the fact is, he is the best euro tipster around, so I perhaps naievely signed up again. So far so good and I hope Andrei will be happier with full control.

  9. Papi

    “How has it been going for you since leaving Betadvisor?
    It’s much better because right now I have a direct contact with my clients and I know exactly what their needs are and how to make things work very well for both parts. Moreover, Betadvisor’s reward system for Tipsters is uncompetitive and that made me concentrate less on Betadvisor and more on private investors”

    So in other words you deliberetly made subscribers loose money,that is 1400 units about 70% of someones bankroll because you wern’t happy with terms you had with Betadvisor?Why not just split up and open your own service and those ppl would come to you instead of costing them a fortune?

    Its just laughable story dude,you had a loosing run and you cracked and left on bad terms with both subscribers and Betadvisor,so immature.
    http://www.betadvisor.com/tipsters/basketball/andrei-nitu

  10. We did renegotiate Andrei’s contract and he still chose to cheat your clients by giving them second rate tips when he was giving his “best” tips to the private investor he was contractually barred from working with. In terms of giving inside info, Andrei has already done that on the verifiedtipsters forum so it’s too late to try to take the high ground now.

    When he left, Andrei was paid everything up to the date we were contractually obliged, we stuck to the terms of the contract.

    He approached us about coming back but wanted control of the basketball section of the site, something we were not going to agree to and considering his actions when he was online, why would we?

    No tipsters accounts have EVER been deleted from the site, every one is still there, we just don’t link to the inactive tipsters in the rankings as we are no longer promoting them or selling subscriptions to their services.

    Andrei can try and twist this any way he likes but he had a contract and instead of respecting it and giving us notice, he worked with an outside party (against the terms of the contract) and set up his own site within 6 months of leaving the site (against the terms of the contract).

    The money he says we “owe” him was used to refund clients who did not want to switch to other tipsters and giving away subscriptions actually has a cost to us, business’ cost money to run and sending out sms’ and running email servers is not free.

  11. Please stop with all these lies. I understand you make money from lying your clients ( eg: site has a 0,5% yield overall, you put no proof records on site) but sometimes it doesn’t work.
    I really don’t want to give inside info, but betadvisor reward system is very poor, all people who I said how much you gave me they lough in my face.

    And lets do it this way:

    Lie no1: you say is so “bizzare” that I complain, is not like I was tolding you 1 year before I left that I want to negociate the contract and I’m unhappy with the money.

    Lie no2: When I left, you were owning me a lot of money wich I never saw it, and now is very funny that you say you compensate the clients, by giving them subscription to another of your tipsters. Very funny really.

    Lie no3: Is was not about me comming back to betadvisor, was about a colaboration, wich you said to work with one of your actual tipsters and I said no. “politely refused” :))

    Lie no4: Why you don’t delete my account from betadvisor like you do with all your lossing tipsters? You keep me there to improve your overall results, but I’m not allowed to speak about my previous work? Again funny.

    I also wish you all the best, but when you don’t do the things correct and with honesty, is hard to live on long term.

  12. We find it bizarre that Andrei should complain about BetAdvisors rewards system, we did everything we could to keep him happy during his time with BetAdvisor and he still chose to break the terms of his contract and work with “private investors” to the cost of his BetAdvisor client base.  After causing all of the damage, we were the ones who were left to compensate his clients.

    Our rewards system is advantageous enough for all of the tipsters we currently have on the site and considering Andrei asked about coming back not that long ago (an enquiry that was politely refused) clearly we aren’t doing that bad a job.

    We wish Andrei all the best for the future but it might be best if he chose to stand on his own two feet instead of using his past with BetAdvisor both as a way of promoting his own site and as a stick to beat us with when he was the one who broke both the contract and his clients trust.

  13. We find it bizarre that Andrei should complain about BetAdvisors rewards system, we did everything we could to keep him happy during his time with BetAdvisor and he still chose to break the terms of his contract and work with “private investors” to the cost of his BetAdvisor client base. After causing all of the damage, we were the ones who were left to compensate his clients.

    Our rewards system is advantageous enough for all of the tipsters we currently have on the site and considering Andrei asked about coming back not that long ago (an enquiry that was politely refused) clearly we aren’t doing that bad a job.

    We wish Andrei all the best for the future but it might be best if he chose to stand on his own two feet instead of using his past with BetAdvisor both as a way of promoting his own site and as a stick to beat us with when he was the one who broke both the contract and his clients trust.

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