The Betalay Horse Racing System
I’ve done a lot of research into horse racing systems over the years, so when a system lands on my desk nowadays I’ve normally got a good idea of whether it’s likely to work or not within a couple of minutes of looking at it. Of course, many of the systems I see are just plain junk, but occasionally you come across one that’s worth investigating and that’s what happened to me this week…
The system I’m talking about is The Betalay Horse Racing System and the first thing that hit me about this system is that (a) it appears to be incredibly easy to operate and (b) the advertised profits are incredible…. which is exactly what we’re looking for, if it’s all true!
Before we get started, I’d like you to take a look at this web page.
The reason I want you to look at this first is because I’m going to explain some of the things they’ve done to achieve the spectacular figures they advertise and that way you’ll be in a better position to make an educated decision about whether it’s for you or not.
Secondly, I should tell you that although this is listed under “Betting Books“, the PDF file you download is only 5 pages in size, so don’t expect to have to spend days trawling through chapter upon chapter of information. It’s a simple system that can be easily condensed into 5 pages, but in my opinion that’s a good thing - cut straight to the chase and all that.
Now, as far as systems go, this really is about as simple as they come. There are only three rules involved, you’ll know exactly which races to bet in within seconds of looking at the cards and you only ever lay one - easily identified - horse in each race. The system operates in the last few minutes before each race starting, but you can automate it using Malcolm Pett’s excellent Grey Horse Bot software, so even if you’re working during the day you can easily set it up in the morning and leave the software to do the rest for you on auto-pilot, which is a bonus.
To sum up the benefits:
- It’s VERY easily operated.
- You can completely automate everything.
- The advertised profits will make your mouth water.
That’s all well and good, but now let me get into the nitty gritty of it for you….
I was able to backtest this system, somewhat loosely because the software I used wouldn’t allow me to run reports using the exact odds range they recommend, but I was able to get it pretty close and (in my opinion at least) that’s good enough for our purposes here.
I’m in little doubt that their reports are accurate and that the selections they recommend you lay are 100% correct, but there are two things you need to know about. The first is that the numbers they display on their website don’t include Betfair’s 5% commission (although you’re probably on less than 5%) and the second is that the odds they’ve used are calculated to the industry Starting Price (SP) and not to the higher odds you can expect to lay at on Betfair.
When you factor these in it does have a detrimental effect on the advertised profits, but in my opinion the very worse case scenario would still see you showing a profit every year and the very best scenario - when you lay at as close to SP as possible, with a reduced BF commission rate of say 3.5% - would still see you generating an exceptional profit every year.
From a personal point of view I would attempt to fully automate it, so judging the odds before the off wouldn’t come into the equation, and I’m also on roughly 3.5% commission, so I would expect to be in a position to make a profit of perhaps half of what they advertise every year.
I can’t see how you would ever make the advertised profits, but hey - looking over the last few years it wouldn’t be unrealistic to think that you could make an extra £15K a year doing this and when you combine it with the Grey Horse Bot you can do the whole damn thing on auto-pilot.
That’s all good to me.
Another thing the author recommends is using a “recovery plan” where you attempt to recoup a percentage of any loss on your next four bets and again this is an easy thing to do when you use the Grey Horse Bot. I’m not always keen on these kind of staking plans, but when you consider that the strike-rate of the system is a healthy 88%, I think that in this instance you could (and probably should) use it to boost your profits from the system quite substantially.
All in all, I like The Betalay Horse Racing System and when used in conjunction with the Grey Horse Bot I think you’ll have a consistent, completely automatic, money-maker on your hands.
This is one that I’ll happily recommend…
Until next time,
Online Betting Exposed
@ Tomkat. I have experienced similar results to you. I make profit oevr 3 days and it gets wiped out in one, even with stopping after 4 winners each day or setting a stop in profit. I have changed my GHB settings and the results seem to be better although there are less selections. I am continuing to record the results and if it is much better I would be happy to suggest it…I have now probably jinxed it but hey ho…long term profits is the key…:-)
Steven, fair point about the system test part, but Paul did a fair indepth test of it using all the data he could gather and he found it was profitable.
It’s not a system I’ve used personally, so I’m certainly not about to sit here and disagree with your results. Did you try using the overlay recovery method that’s been discussed on here (don’t ask me where, you’ll need to search back a bit but it’s there somewhere
) ?
Fair point Craig, All I can say is I tried it for a month live then bot for a month then came back live for 2 weeks. With other systems I am in profit for this period although I obviously have had loosers on those systems. I noticed all your tests are for around 6 weeks and on the good systems youve made money and had good reports back. I think if you ran Betalay as a 6 week report like youve done for Legacy & Saver & PF you will see the difference.
Terry…. Good point, recently I did switch and the horse won so you might have something. Dare I say it due to the good Batfair odds this could now be a go Betting rather than laying system.
All the best guys
Tomkat
@Steven
From your comment “Everytime I go back to Betalay system…” it sounds to me like therein lies the problem. If you are following a system, you have to keep it up. You can’t jump back and forward and expect to profit. (I’m not saying that’s what you’re doing, but your comment indicates that)
Once you start a system (after paper trading for a reasonable period) you have to set a good bank up and then set a point at which you will stop and re-evaluate the situation should things go against you. Stopping and starting any system will lead to one thing and one thing only…the poor house, and none of us want that
@Steven - if it keeps losing, why not just back the selections you would have layed?
Everytime I go back to Betalay system I just lose money. Betfair odds are too good and the lay comes in too often. I have tried and tried with this and I am never in the scenario were I can say I have made a profit. Have binned it and got refund thanks to you guys as the vendor never said about going to clickbank and you only get 60days guys
Wishing you all the best and keep the reviews coming.
Tomkat
@Paul. If Clickbank give automatic refunds, fine. But your reply refers to Betalay and as i said I was not referring to any specific site. I am sure there are many betting products not sold through Clickbank and I stand by my comments re Trading standards and ASA.
Final word on the Betalay stats debate. I speak not from assumptions but experience over several years! ok, Ok I’m going……………………….!
@Mike - it’s sold through Clickbank and the refunds don’t have a single thing to do with the merchant. If you ask Clickbank for a refund within 60 days of purchasing then they give you one without question. That’s a fact. The only time you won’t get a refund is if 60 days have passed.
As for the stats debate, I’m not even going to get into again. I wasn’t working on assumptions…. I manually pieced the prices together race by race from BF’s historical data and everything I’ve said about it has been based on that. No-one else has gone to that much trouble, I’m sure.
On a couple of occasions i have posted and indicated my very negative view on the Betalay system. In my view it is not worth following and i would be doubtful of anyone making money longterm from it. Paul and Craig put up a spirited defence and I guess we will have to agree to disagree on that.
However what cannot be disputed is that it is a disgrace if any site that offers a money back guarantee in its advertising blurb then unjustifiably fails to honour that guarantee.. I’m sure Paul and Craig would agree on that one!
I suggest that anyone who has sought a refund from any site and not received it after a reasonable time should complain to their Local Trading standards Dept and also to to the Advertising Standards Agency. I am not commenting on any specific site but it is time this industry cleaned up its act.
Sorry Tomkat, I was getting on my high-horse there.
When I first looked at this I actually spent the best part of two weeks manually going through a full two year’s of Betfair’s historical data and matching it up against the SP qualifiers, so I put a fair bit of effort into researching it. The margins are tight, but the turnover of bets is huge and over the last two years it definitely did make a decent profit based on the actual BF prices before the off.
That might have changed this year - I honestly couldn’t say - but the numbers for the last couple of years definitely added up.
Thanks ghanimah I thought it was just me. FP sytem looks good and Bet Accelerator. Let me know if you have found joy with any others.
Tomkat
Dont take me the wrong way. I want success on Betalay and the other systems you have links to.
I have bought a few. But with FP system and others I have bought on the back of your research I am in positive return. I am not un intelligent. I have crunched the figures on Betalay and like was previously posted on this site, the guy who had made a couple of quid in some months of using it. Losses on the Betalay site that say odds 8/1 I think most would have been Betfair odds of 11 or 12. You then over bet your next few lays fine until you make another loss over the odds. Look at yesturday for example you would have lost pounds and pounds. The situation would have got very unconfortable.
I want you guys to do well on this site and I really appreciate all your work, I just have a problem with Betalay.
I bought Betalay as well and have been disappointed with the results despite taking some of the invaluable advice on this site. So far I’ve also not been impressed with their money-back guarantee promise and I’ve yet to hear from Clickbank or the Betalay website despite requesting one over 2 weeks ago:-(
@Tomkat - like I said yesterday, you’re quite welcome to check back on the last 400 posts and you’ll see that we’ve covered this from every possible angle already. There’s no point in coming on here with “assumptions” that have no real substance when everything you could possibly want to know about it, and how best to work it, is already covered in precise detail for you.
As for refunds, you haven’t been waiting and waiting for one, because it’s sold through Clickbank and if you’ve requested one it would be processed within 24 hours.
I invite anyone that is making money on Betalay to post on this site. I have paper traded. Traded. Bot traded. It doesnt make money. The thought of someone increasing their bet to over come odds and Betfair commision will just increase their losses. Someone proove me wrong with proper results not the pie in the sky odds and returns that are shown on Betalay site.
4% Betfair commision is a winings of £24 not £25 So your a £1 down on every win quoted on there site. Odds… see if you can get the odds they tell you to go by, betting on Betfair. I guarantee you will have their results saying 8/1 and Betfair was 10…11….12 Their answer is to stake more but this will just compund the problem surely.
Please comment. I awaite my refund that is supposed to be made if your arent 100%. I wait and I wait………..
@Tomkat - go back and work that out to 4% commission (which is even on the high side if you have a high turnover of bets) and 10% over SP. See what you come up with.
There’s over 400 posts in this thread and if you read back through it you’ll see that we’ve covered every eventuality in some detail.
Dont make the same mistake as I did buying Betaley.
If you work it out 5% Betfair commision 4191 bets. Winning bets (About 3639) at £25 = -£4548 Estimated
Loosing bets at 1 over the SP they quote which is more like reality of what you get on Betfair =
-£13800 extra loses estimated.
The results for the year so far, you might have made £1800 if you were lucky. Chances are you wouldnt of made anything.
Tomkat Trader
Anyone who is a long term user of Betalay I would welcome your coments as I dont want to chuck the system just because it is in a bad run. Does it give you the edge you need to make money - Manually sticking to the rules and or with a bot??
All comments appreciated
Tomcat
Tomcat.
I’m not too worried about the Betfair odds as the loss recovery system i use takes care
of any additional loss over and above the official SP. So in this respect I can get close to the Betalay
profit /loss for each race. It’s selecting the correct horse that is the problem. You only have to get selected the wrong horse once a day that goes on to win and your profits go out the window when compared to the Betalay results..
Paul D
You said you were up to £5 from £2 is that because your bank has grown that much?
Also are you using a bot for the lays or manual.
If manual are you laying all the races??
Anyone who is a long term user of Betalay I would welcome your coments as I dont want to chuck the system just because it is in a bad run. Does it give you the edge you need to make money - Manually sticking to the rules and or with a bot??
All comments appreciated
Tomcat