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
Elaine, we are not for a second suggesting you try to recover it all indefinitely, this will undoubtedly lead to the poor house.
Paul commented earlier that his preferred recovery method is to set the bot to recover losses over a five bet period and also stop when you had lost 3 or 4 on the bounce. I can’t remember his exact preference but if you’d care to look back through you’ll see it there. He also back tested the system as best he could before deciding on this course and, in his opinion, it’s a safe way to do it.
Recovery isn’t for everyone, and here at OBE we like to think that the guys and girls who use any system are mature enough to make up their own minds about what suits them best. It’s not a case of ‘one size fits all’, we give our opinions but it’s entirely up to the individual what they do with that.
Hi there
Not a good day yesterday with my betalay system
I’m not disputing Jack said that Elizabeth. Can anyone else find a run of 8? I did go through the full results and I’m sure I only saw 5.
Hi John,
A ‘bot’ is just a software application that can be set to place bets on your behalf. You set it up in the morning and let it do its thing, it will place bets based on criteria that you set.
The one being used most with Betalay at the moment is Grey Horse Bot, you’ll see the links in the main article above. It’s a neat bit of kit.
Pardon my ignorance but what’s a bot?
I didn’t check the whole 8 years, but take it as said.
Maybe it was off the top of his head …
Also from Jack :
“The published results are based upon placing the bets manually at SP”
When did a sequence of 8 losers in a row happen? When I went through it, and from what I’ve gathered from this thread, a sequence of 5 has happened once in 8 years. I can’t remember seeing a run as big as 8?
Apologies - I was using lay formula system with their own bot, not Lay Bot Pro
Hi Elizabeth and welcome to the post.
My view is that I would stick to the level stakes if your bank is around 200/1. I got into trouble on the staking so stopped it. I think the consensus was that a 5000/1 bank might be fine for the 5 plan staking.
The other view we mooted was a partial recovery but we are waiting for Lay Bot Pro to update their software which may allow for this. I personally keep my 200/1 ratio whether I lose or win. If I end the session in profit I increase my stake the next day. If I lose, I decrease it the next day or you could eventually find yourself in difficulties if you have regular losing days and do not keep the 200/1 ratio.
I see no reason using level stakes why you can’t go beyond £25 provided you keep your ratio in tact.
Elizabeth - did you use a full staking plan with Lay Bot Pro or try to recover a percentage. I thought you could only lay the favourite using the software as it is at present
Hi fellow “Betalayers” - I was referred to this thread by Jack at Betalay.
Both my partner and I started the Betalay (manual and bot) system 2 weeks ago after using Laybot system for 3 months (with fairly consistent profits until their aggressive staking brought us back to zero).
Here is some info I gleened from Jack :
“The longest losing sequence we’ve experienced to date was 8 bets, and from recollection the longest winning sequence we’ve experienced is about 52 bets”
Also I did my own reseach into stopping at £100 or £150 a day profit (using £25 stakes)- conclusion : it is better to run the whole days races (and not get too bleak if the last of the days races results in winners !)
From all the info posted above I thought I would be a good idea if everyone could come to some conclusion regarding whether to stake or not. So far it seems there are 2 alternatives :
1) Spread the entire loss over the next 5 ( but stop the staking if there’s 3 winners in a row)
2) Spread 20% of the loss over the next 4
Is someone able to summarise the staking info and draw a conclusion ?
One further question :
We are using a 200/1 bank (think everyone has established its the most comfortable) however each day there is a profit we raise the stake so its always 0.5% of the starting days bank and Betfair commission on top. If there is a losing day we do not lower it. We intend doing this until we get to the magic £25 stake/ £5000 bank. Is this what everyone is doing ? Or is it advisable to keep it at £5.50 bets (bank is £1500) the whole month and increase the stake at the start of each month ?
Hank - What was the bank needed for The Stable Income Plan at £100 bets ?
Lots of luck today. I look forward to your replies.
Thanks
Elizabeth
UK
I’m going to be away for a couple of days Andy, but I’ll write something up on Friday or Saturday about this. In terms of ROI and minimal risk, I really do like Four The Win. The ROI has been huge on that this month and I’ve got no reason to dispute previous months results either.
I agree that the results so far are encouragn even with no recovery plan.
Paul you say other systems are more lucrative. Which system are you talking about and I will find it on your site. I note there are quite a few positive reviews on the site. Would it be an idea to post your top 5 at this stage based on ease and results.
I can only talk from experience and Betalay has been brilliant! Today saw another 8 bets and another 8 beat. 15 from 15 one day last week. 1 winner at 9/2 from 17 another day. I’ve only had 2 or 3 losing days in the last 6 weeks. Kudos to Betalay, that’s what I say!
John, I thoroughly backtested this and I was quite straight about the expectations. I stated that the results were quoted to SP with no commission taken into consideration.
If you read back through this thread you’ll see that there are ways to improve your position quite easily to at least 20% over the base results and if that’s the case, then there is most definitely very good money to be made from it.
I’ve not suggested for one minute that this is a retirement plan. In fact, there are other things we’ve reviewed that I think could be much more lucrative, but it’s good, it can be automated, and it’s got the potential to add an easy-to-operate additional income stream to your portfolio.
That’s okay in my book
Yes, all updates are included Eric, so it should be fine.
I’m sorry
I was talking about the Lay Bot Pro.(In my previous question)
Please forgive my urgency.
Will the update,to allow us to lay the qualifiers,be sent to us automatically,if we subscribe now?
@ Angie - That could cause a problem because the stop at a profit one would be relying on the profit/loss on the account to judge when to stop, but you could maybe ask Malcolm to confirm.
@ Andy - You need a different funding source for each account. I use different cards, but I’ve also got Neteller, PayPal and a pre-paid Mastercard debit card so I can use these if necessary. Some of the bots I’m running, the testing ones, aren’t using real money so I don’t need funds in those.
Paul angie
Do you have numerous bank accounts. From recollection I could not add the same debit card to my other betfair account so that remains unfunded at the moment.
Thanks Paul.
Another question your answer throws up then, if I was using two copies of GHB and I used the stop at a profit feature on one of them, do I need to set up two different Betfair accounts?
Aswell as the standard approach I want to try another approach with Betalay using a second copy of GHB and just setting it to make one point a day then stop betting (if I could make 300+ points a year using that approach I’d be very happy!)