Lay Formula
Lay Formula is a system that works around the principle that if fancied horses in the market will attract money before the off, then less fancied horses will, in turn, drift. It is not, however, just blindly laying drifters. The authors have included a number of filters designed to strengthen any bet made.
The system is supplied in PDF form and comes with 29 pages. The first few pages are written to assume the reader has never placed a bet before and this section will give the novice a good grounding. The rest of the manual details the system and gives plenty of examples, to help avoid confusion when operating the system yourself.
Lay Formula works in the live betting markets just before the off, and as a result it will require sitting at a PC during the day, however, the authors are now able to automate the process for an extra fee and I will look into this at the end of the month’s trial.
Lay Formula comes with its own staking plan and staking spreadsheet to help work the stakes out for you, but is claimed to make a level stakes profit. The author suggests it is possible to operate the system from a 100 point bank but does suggest using a 200 point bank where possible to ensure safety.
After reading the manual through a couple of times to make sure I fully understand the method, initial impressions are good and it does seem to be based on sound, logical principles, although as with any system the proof of the pudding is in the eating, and whether or not this system is capable of producing the 131 points (over 2 months) claimed in the sales page will be put to the test over the next month or so.
For the test I will be using a £2000 bank and bet at a base stake of £10 using the associated staking plan.
Updates will be posted daily in the System Testing section of our website.
Online Betting Exposed
Lay Formula - Final Review
Well, it’s been a month now since I started my test of Lay Formula and it’s been an interesting month.
We finished the month well in the black and, bar a wobbly patch mid month, it has been a positive and successful trial.
The lowest point was on the 16th, at which time we were down £107 or 11 points. Only thirteen days later, we were in the black to the tune of £270 or 27 points, that is 38 points profit in 13 days, an average of nearly 3 points profit a day. There aren’t many systems out there that can boast that kind of profit! Add in the fact that during those 13 days we suffered a number of abandonments and the profit becomes all the more impressive.
Even at the lowest point of the trial I only dipped into my 200 point bank by 5%.
Lay Formula clearly isn’t for everyone. Firstly, while the odds range from 3.5 - 10, the majority of the selections will be in the 7+ class and more likely the 9+ area. This means you are staking 8 - 9 times your stake on a selection, similar to backing an 1/10 odds on shot and if things go wrong which at some point they will, it does hurt a bit. In addition, it is a live market system and as such requires a fair bit of user input. Having said that, Lay Formula have started a bot service that will do the work on your behalf. I received the bot just a couple of days ago and I will update you on how this is progressing over the coming weeks.
Overall, with a strike rate in excess of 92% over the last three months and using the accompanying staking plan, Lay Formula has the potential to make vast sums of money for those disciplined enough to stick with it. My recommendation would be to start small and build it up over time. The guys at Lay Formula assure me that it really comes into its own in the summer months and so all I can say is ‘bring on the summer!’
Lay Formula is a system I rate very highly and is one I use daily as part of my betting portfolio - I’d suggest you do the same!
Lay Formula 29/02/08
Well, we reached the last day of our Lay Formula test today, and it was nice to sign off on a positive note.
I placed three bets today and all three were successful, meaning that we finish the month of with a nice bit of profit to show for my efforts.
14:40 Newb - Von Galen - Lost @ 4.4
16:25 Newb - New Team - Lost @ 9.8
16:35 Wolves - Prime Factor - Lost @ 7.6
Day 28 P/L = £39.90
Total P/L = £269.80
Bank = £2269.80
All results include 5% commission and are shown at Betfair’s enhanced odds.
I will write my final review on Lay Formula over the weekend, so keep an eye out for that.
Lay Formula 28/02/08
It was another slightly frustrating day for Lay Formula today. There were surprisingly few races to even bother watching, only four this morning and another four this evening.
I managed to get a bet on in the afternoon and was successful, unfortunately, it wasn’t the same scenario this evening. I did get a bet on but it was unsuccessful, however, having checked back through the results we were enjoying a run of 30 winning lays so I can’t have any real complaints - indeed that is a very impressive run!
17:20 Ludl - Lady Samantha - Lost @ 9.8
20:20 Kemp - Rebellious Spirit - WON @ 9
Day 27 P/L = -£70.50
Total P/L = £229.90
Bank = £2229.90
All results include 5% commission and are shown at Betfair’s enhanced odds.
Lay Formula 27/02/08
Days like these are sent to try us! I included the racing in Ireland today to give me the best possible chance of adding more profit to my account and from 20 races I managed one whole bet!
I did try to get another two but the odds were prohibitive and, although I stuck orders in the market at the right odds, I never got matched - mores the pity as both selection duly lost their races. Still, as with all betting activities, it is imperative that you remain disciplined as the opportunities will come.
19:50 Kemp - Montiboli - Lost @ 6
Day 26 P/L = £9.50
Total P/L = £300.40
Bank = £2300.90
All results include 5% commission and are shown at Betfair’s enhanced odds.
Lay Formula 26/02/08
What can I say? It was looking like we might get a fair bit of action for Lay Formula today, until what can only be described as a farce came into play at Catterick. There I am, watching the market for a selection while the horses walk around at the start and they decide to call a ‘Formal Inspection’. Am I the only one who found this a bit late? The wind didn’t suddenly appear, it had been windy all day and if the meeting was ever in any doubt at all they should have inspected prior to off time of the first! Rant over…
So, after losing a bunch of races at Catterick, we were on the back foot a bit and only managed to get one bet in. To help cheer my day up a bit it was successful, and continues the good run we’ve been enjoying of late.
15:20 Leic - Kirbys Vic - Lost @ 9.4
Day 25 P/L = £9.50
Total P/L = £290.90
Bank = £2290.90
All results include 5% commission and are shown at Betfair’s enhanced odds.
Lay Formula 25/02/08
I was back at the PC today after my short break, and it was back to business for Lay Formula. Wasn’t too many races to watch but I did manage to get on three bets and was successful in all of them.
All three bets were at max odds of 10 which always gets the adrenaline flowing, but nothing really gave me a fright today.
14:50 Plump - Huguenot - Lost @ 10
16:30 Here - Khadija - Lost @ 10
17:00 Here - Never Ask - Lost @ 10
Day 24 P/L = £28.50
Total P/L = £281.40
Bank = £2281.40
All results include 5% commission and are shown at Betfair’s enhanced odds.
Lay Formula 23/02/08
A busy looking Saturday for Lay Formula today - 19 races to keep an eye on, however, only four of those had qualifiers but again it was a full house!
Of the four bets only one actually finished its race, coming home in 4th, of the other three, one was withdrawn after bursting through the stalls, one was pulled up and the other fell and to be fair it was looking like it might be in with a shout before that so I was kinda relieved when it came down.
14:15 Chep - Phenix Jack - Lost @ 9
15:00 Newc - Auroras Encore - Lost @ 7.2
16:25 Chep - Top Ram - Lost @ 9
Day 23 P/L = £28.50
Total P/L = £252.90
Bank = £2252.90
All results include 5% commission and are shown at Betfair’s enhanced odds.
I am not betting in tonight’s racing and am having a day off tomorrow so next update will be Monday.
Lay Formula 22/02/08
Not quite as much excitement as yesterday but four bets to be had today and all four were successful…in fact only one selection finished in single figures in 5th place with the rest all being outside the top 10 - lovely!
13:50 Sand - Jazz Dance - Lost @ 6
17:10 Sand - The Architect - Lost @ 9
19:20 Wolves - Mythical Air - Lost @ 8
20:20 Wolves - Guildenstern - Lost @ 8.4
Day 22 P/L = £47.50
Total P/L = £224.40
Bank = £2224.40
All results include 5% commission and are shown at Betfair’s enhanced odds.
Lay Formula 21/02/08
It was nice to see a full racecard today, and add to that the Irish meeting at Clonmel and it was going to be a busy day….22 races in all to watch!
I had a wager in seven of those and it was mighty fine to sit back and watch as all seven were soundly beaten (apart from The Bosses Nephew who gave me a fright), marching us well back into profit again.
13:50 Hunt - Riodan - Lost @ 7.4
14:00 South - Allium - Lost @ 5.9
14:15 Clon - Dicera - Lost @ 8
15:25 Hunt - Crocodiles Rock - Lost @ 8.8
16:50 Ayr - Grand Theatre - Lost @ 8.6
16:55 Clon - The Bosses Nephew - Lost @ 9.2
17:10 South - Sparky Vixen - Lost @ 8
Day 21 P/L = £113.05
Total P/L = £176.90
Bank = £2176.90
All results include 5% commission and are shown at Betfair’s enhanced odds.
