Advice on how to set up a website

Forget the expense of a dedicated web site, use a blog site, it will do almost everything a web site does and they are free.

Go to ~
http://codex.wordpress.org/Main_Page (If you do not like that one there are plenty of others to choose from)
Have a look and play and  look at some of the bloggers pages that are generated.

Its very easy to do, is free and can be changed at any time.

Sound advice from Compound magic. A blog is the way to go...google for either wordpress or blogger as they are the two biggest platforms. Personally I use wordpress as it's mainly oiks and yobbos who use blogger.

Thanks for the information. Do you know if you can use paypal on these blogs as it will be a subscription service.

You can use utilize paypal on wordpress to collect subscriptions

http://wpdude.com/integrate-paypal-wordpress-blog/

What fools take advice from tipsters?

There is absolutely no such thing as a Horse Racing Tipster. A good Horse racing Guesser yeah, but no hot Tipsters.

Semantics mesmerised.

It is Frog, but I'm advising him to not waste his and everyone's time. not to mention money.

Thanks for the replies.
I will be starting probably when I get time off work in the near future and have enough data to prove to punters that they will be successful in making a profit.