The latest instalment from our team of testers who have been keeping an eye on the world of commercially sold systems and betting products.
First up is Keith with his feedback including the latest results on a number of well publicised horse racing methods/services.
The Best Bet
I have been following Bernard Hibbert’s latest system since it started on the 1st May. After three months it is showing a loss of 11.63 points at level stakes to Betfair SP after deducting commission at 5%. Last year at this time its level stake profit was reported to be over 45 points. During July there were 20 selections with 3 of them winning. However with the first two winners being separated by 19 days and a run of 10 losers your resolve to continue might have been tested. In fact you may well have missed the second winner which was a substitute for a non- runner and not mentioned by the tipping line until the following day.
There now have been a total of 56 selections with 16 of them winning at Betfair SP odds ranging between 1.27 and 5.29 with an average of 2.80. The strike rate is down to 28.6% and there have been two winning runs of 3, the longest losing run is now 10. The nature of this method will mean that the Best Bet will nearly always start as favourite and this has been reflected in the early odds so the trading opportunities are limited.
In conclusion, and as the financial services industry repeatedly warns, past performance is no guide to future returns then it surely applies to in my opinion back fitted horse racing systems, so be wary.
Full Time Betting Income
July was the second month of Chris Castell’s project and it turned out to be a pretty volatile one. The system gave 60 lays with 23 of them being successful, which is a strike rate of 38.3%. In the first two weeks there was a run of 8 successful bets but much of the damage was done in the second half of the month with a losing run of ten. The £200 starting bank which was standing at £202.83 at the end of June had a great run up to £250 but then took a tumble down to £150 before recovering very slightly to finish at £154.67.
Members will be remembering Chris’s prophetic mind-set training when he emphasised the need to keep at it through thick and thin and not get too concerned about initial reversals. For information at the time of compiling this report new membership to the product is presently closed.
The Job Jockey
This horse racing system concentrates on a certain type of horse race in which to make its selections which are based on just two criteria – the odds and the rider’s credentials, which are easily found using the free online version of the Racing Post. The method detail recommends that selections are made when the market has settled, between an hour and just before the off. It highlighted that the inevitable movement in the odds will mean that sometimes people will pick different qualifiers but expects the swings and roundabouts to level things out. As it appeared that most of the extensive performance results showed the industrial starting prices and these odds were the easiest for me to record, this is what I used to make the selections but calculated the returns at Betfair SP deducting 5% commission.
During July there were only 3 days with no bets with the other days totalling 64 selections from 48 races. Two points are bet to win each race either on one runner or equally split between two. There were 15 winners showing a final profit of 3 points (an ROI of 4.7%), not the point a day we were led to expect from the marketing hype but a profit nevertheless. Maybe the system was just taking a breather and, as I feel the selection process has logic on its side, I will give it another month before making further comment.
Now it is over to Rod with his news on a relatively new horse laying service.
Killer Instinct
Killer Instinct is a reasonably priced laying service run by an ex Club member so I am lead to believe, access to which costs £10 for the first month and then £20 for subsequent months. For that you receive an E- Mail around lunch time providing between 7-10 selections with the exception of Sunday’s. All results are shown on the web site using the Betfair SP less 5% commission. No extravagant claims are made rather an aim to make between 10-15 pts profit per month and in the 7 months this year the results shown have made a total profit of 108.24 pts with 6 winning months. Lays are made to a maximum price of 8.00.
I started monitoring on the 5th July and within 10 days the profit was nearing 40 pts, but inevitably a losing run occurred and quickly dipped to only a few points, a strong finish ended the month in profit to 13.83 pts. These figures show there is a certain amount of volatility and also it may be difficult for many logistically to place this number of lays each day. If you needed to leave them on Betfair in one go, you would need a pretty substantial bank. However for those with the time and bank to follow these, a potential profit of 15 pts a month is very acceptable for a laying service. I will continue monitoring this for at least another month as at the moment it looks promising.
The Testing Team
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