I've just been checking how my Australian Racing Tips have been performing.

Here's what I found - starting with a bank of £500 and placing three £50 bets per day over the last 12 months, that bank would now be worth £2,337.90.

That includes a 10% Betfair commission charge, and prices recorded were those of Top Tote, which are generally similar to SP.

I then compared that profit compared to the return you could expect from investing that £500 bank in the FTSE 100 or a savings account paying 2.5% interest.

If you want to find out the details of which paid the most, you can find out here.

Chris