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
Hi Andy,
Same result for me yesterday with the Betalay selections, 15 from 16 with £33 profit to £5 stakes.
Does anyone fancy anything in the National today?
Angie, thanks for the reply. I might give that a whirl. How did you do overall yesterday? I had 16 selections, 15 of them were winning bets and the one losing bet was Jill Why in the 3.30 at Southwell (bookies SP on that was 7/1 and I layed it on Betfair at 8.6). After commission I was still almost 7 points up on the day, so I’m not complaining!
ok thanx for the advice paul
To generate 100% ROI in one week would probably require luck rather than systematic betting Nicky. You would be better to build up a bank, split it into a set number of units and then increase your stakes as your bank grows. Aiming for short term gains is never normally a good strategy in this game.
one last thing paul can you recommend a system for me where i can have a really low bank say £20 to £50 and make over your bank balance before one weeks time has ended?
ok thank you paul. So id need atleast £150 in my account too place any bets at all.
Hi Nicky,
Yes, if you are aiming to win say £20 per race with TAPS laying service then you’d need a bank of 50 (points) x £20 = £1000
Hope this helps.
the only reason i ask paul is because im testing out the same system as you the alternative punters system but im only interested in the horse laying , and it says you should i ideally have a betting bank of 50 times your points value. Does this mean you should make sure you can bet 50 races?. Thank you for your replies so far Paul. Im a common person need things explained in common ways.
Nicky, a point is simply the monetary unit you choose to stake. You could assign £2 to a point, £5 a point or so on.
paul i dont understand this point system could you explain points too me please?.
Hi Andy,
Yes, I apply all of the Betalay criteria and lay the first qualifying selection to earn a point. For example today in the 2.00 at Aintree I laid Battlecry which came second, so I collected my one point profit, and as far as this little system is concerned that’s me done for the day.
Incidentally, Battlecry was 11/2 with the bookies and I laid it at 6.8 on Betfair about one minute before the off (so, once again there was very little difference between the bookies price and the Betfair price!)
As for back-testing and checking my mini system against the Betalay results, I’m afraid I’ve not - but I’m only playing to £2 stakes (so that’s my way of testing it). Anyway, so far so good, 5 out of 5 and my bank’s £9.55 better off.
Angie, I’d be interested to know more about your first race system. Do you basically apply the Betalay criteria to the first race and stop betting if it makes you 1 point each day? Have you back-tested this at all? Do you know how the numbers stack up against the Betalay results?
Hi all,
The staking debate continues!
Maybe I can add something to the mix…
As you’ve probably gathered I’m a novice to the world of bot and automated systems (so I must thank Paul and Andy for their help here, and indeed Jack at Betalay who’s been rather patient with me!)
I’m using level stakes of £5 to operate the system (to the letter) with the bot and since I started on Monday I’ve made a profit of £42 which is not bad at £5 stakes (I’m going to increase the stakes proportionately as my bank grows).
I’m also setting myself a target of 1 point (£2 stake) per day, whereby I bet manually on the first race and if my bet wins I’m finished for the day, if it loses I bet 1 point plus my loss on the next race until I win a point. So far (and maybe it’s beginners luck) I’ve made a point every day from the first race, so I’m £7.64 in profit (from little acorns…)
@ Paul….
If you want everyone to discuss at Betalay only here but some people like to talk about different things then I would suggest if you possible to set up a forum. What do you think?
Cheers,
Jono
Yeah, I do understand what you’re saying Scott. Unless the selection is clear-cut in the market there are often a couple who come close and then you’re forced to make a decision. When this is the case - and obviously this is only possible when doing it manually - I would always be tempted to take the one that was weakest in the market on BF.
I think setting your upper limit odds around 9.0 is the way to go. I was using 9.4, but I know some people are sticking with 9.0 as it says in the manual.
I should add that these prices are NOT Betfair SPs, but the prices on selected horses just before the start of the race.
Paul
I agree with you about these things evening themselves out. I was following the system for an hour or so while watching Aintree this afternoon. Even then it is not easy, so I can see why people use a bot. From a practical viewpoint looking at one market (the SP), to then enter into another (exchange) market is not easy. Hence the bot, but the bot does not know the SP market so how does the bot know what to lay? It’s then an assumption that betfair market mirrors the SP market ! A small point I know as as you say it should even itself out after a 1000+ selections.
This afternoon I watched the markets for about an hour to see where the prices were going with relation to SP markets. In one race one very clear system selection lengthened dramatically in price just before the delayed off. The betfair market then did not mirror the SP market. I know that this will happen now and again, but it would be nice to see how betalay handle such issues.
The point I’m trying to get across is that to follow the rules exactly is almost impossible! Either monitor the SPs manually and then enter the exchanges, or assume that the exhanges mirror the SPs; in which case, why bother using the SP markets?
My view is that putting up results that at times will be very difficult to obtain is misleading. As I said, if the layabet people are using this system then some evidence of their betfair P&L would be welcome. We can then see at what price they are laying 8/1 shots to give us an idea of how much to adjust our expectations. It would also be good to see an ROI.
As regards differences in prices, when you start getting towards 7/1 and bigger on betfair you are best to add on at least 15%. This afternoon I saw a 15/2 shot offered at 10.0 (20% bigger), 5/1 offered at 7.2 (24% bigger), 6/1 at 7.6 (10% bigger) and a 7/1 shot at 9.6 (22.8%).
PS Great site. It’s good to see pros and cons getting a very fair airing.
ok Paul gusse ill test it out for a while.
I haven’t seen it before Drew, but I’ll take a look.
Guys, please try to keep this thread to Betalay if possible. It’s already busy enough and if we start talking about other stuff it’s just going to get more confusing. If you have any systems you’d like us to look at please use the contact form at the bottom of the page to let us know.
Andy, when I’m backing horses (which I do a lot more than laying actually) more often than not I actually back them with a bookie, because of the exact reason you’ve said. If I’m backing fancied runners - and especially the type of back bets I place - Betfair very rarely is the best option.
See this thread….
http://www.onlinebettingexposed.com/how-to-pick-big-value-winners/
Read the email from Dave at VHF. That’s basically how I operate too.