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
Thanks Paul.
We can’t really compare results on a like for like basis if the system criteria isntt being followed though. My reply earlier this afternoon was based on following the system criteria.
I believe Elizabeth has changed the rules a bit Robert. She’s taking two in each race and has adapted the rules from what I can tell, so it isn’t exactly the same system.
Elizabeth,
Are you using the same Betalay system as the rest of us? Where does “only for races over 10 horses and longer than a mile” come into the criteria? Have I missed something?
Hi - today I am getting the odds from http://www.sportinglife.com/racing/liveshows/
I am betting 60 seconds before odds no more than 8 (if higher I set at 8 and click “keep” at the off only for races over 10 horses and longer than a mile . 7 furlong races not clicking “keep.
One thing on the 2.40, today. I took Reidwell at 8, 1 minute before and Victor Daly at 7.7 in play.(won) The bot picked out Victor Daly. Does checking out Easyodds help ?
Dare I ask whether with the multi-bet system its fine to try a bit of recovery ? Add 25% to next 4 choices ??
Nitty gritty I know, but be good to get some advice from more experianced punters.
Thanks
Hi Robert / Elizabeth,
I was also betting manually yesterday but I didn’t do Kempton last night and forgot to load it into the bot!! Anyway that meant I missed out on the 4 that I assume qualified at Kempton and I got 22 qualifiers of which 2 were losing bets at 5/1 and 6/1 which gave me a profit of 6.5 points on the day for Betalay.
Paul,
Thanks for Comply or Die in the National, that gave my bank a little boost too!
Elizabeth,
I tend to bet manually at the weekend and use the bot during the week, in fact I bet manually whenever time permits.
When I started out I had a similar approach to yours, and what I’ve found is that if you are betting manually you can squeeze a bit more profit out of this but only if you monitor the live shows and bet according to them (not the Betfair prices). For instance yesterday I was betting manually and found 26 qualifiers (24 of them lost and 2 won, so I ended the day about 10 points up all told). By the way, the prices I layed the two winners at were virtually the same as the bookies SP.
Andrew - it is just the way it is at the moment. Seems like one step forward and 1 step back. At least not 2 steps back.
If you’re doing it manually then using the bookies prices is the way to go.
Andrew - my “auto bot” partner also got 17 losers and 3 winners. Bets all 60 seconds before the off. He was also up £400 the first week and now back circling round his initial bank for the last 2 weeks.
Yesterday I oversaw the bot and also manually traded, did some multi bets and got 24 losers and 3 winners.
Slobbed over the computer all day and down £25 ! I was only choosing my selections from the Betfair odds.
I will try today with the bookies prices.
Bad day at the office today!
17 winning bets ,but 4 losers so an overall loss using the bot.However,I did check the SP results and 3 of the losers were the same price as others in the race at the off so I just got unlucky and got on the wrong ones I suppose.This is where literally a couple of seconds between placing bets can make all the difference to the bot results.,but hopefully it will even out over time.Did anyone else achieve similar results today?
I have noticed that recent results have been very choppy.For instance I had a clean sweep yesterday(12 from 12),but I gave most of that back today.I seem to be treading water at the moment,and this after initial results were superb-I was over 40 points up after a couple of weeks,but now 2 weeks later I am slightly under 40 points up!!I can’t really complain though as this is all done on auto pilot,but I just hope this current trend doesn’t continue.Good luck all.
Scott,
If you refer to the system guidelines you are advised to trade out if a horse no longer qualifies (by backing it), so if you are operating it manually and make multiple selections you just trade out if the price changes at the last minute. Its not exactly rocket science, if you follow the system to the letter it works.
I agree with Paul, the results they show are the most accurate reflection of the system, every single horse on there meets the qualifying criteria.
Scott, all they did was run a backdated report based on the SP odds, so you aren’t going to get anything more transparent than that. To achieve the exact same results 100% of the time would be practically impossible, but if you were using the staking plan they advise I can’t see how it would really matter. Do you really think it would?
Paul
Yes they can quote multiple qualifiers but there is a need for their Betfair P&L to see if they themselves managed to lay the horses. The point I am getting across is that with their multiple qualifier rule how do they implement it in a practical way?
What happens if there are two qualifying horses with the same price, you lay both, and then seconds before the start of the race the price shifts on one? This does happen, yet are you seriously expecting me to believe that the betalay betfair account will show just the one horse laid? Maybe they should just say these are the theoretical results is you lay at SP!!!
If they cannot implement this rule then it is misleading to show results pertaining to this rule. All everyone is looking for is transparency; showing your Betfair P&L is the easiest way to do this.
Yeah, you’re basically looking for qualifiers at the bookies odds just before the off (as close to SP as possible) and not what’s reflected on BF. If you’re using a bot then you just need to run with it, but that’s how the system works.
Are the published Betalay results from the SP ? I never get the SP thing.
I did bet on a few doubles today and was successful.
I turn on the bot and oversee all the races. If one race looks “dodgy” (say 3 with similar odds of 4/5 rest over 10) I switch off the bot and place a bet for a high-ish horse (over 10) for odds of 8 (5 mins before) and if the race is over 1 mile I also press the “keep” option. I refer to the graphs to see if its a steamer.
I’ll let you know how things go - my partner is doing Betalay fully automated only, so we’ll compare the results after a full month.
Scott, if there are multiple qualifiers in one race then that’s what they’ll quote. No need for a BF report - that wouldn’t tell us anything - all we need to know is what the qualifiers are.
Elizabeth
If the people at betalay would provide us with a screenshot of their Betfair P&L screen for a day when there are multiple selections in a race we could maybe have an idea of what to do.
But I get the impression that they are either not sticking to their own rules or maybe, just maybe, they don’t actually follow their own selections?
Elizabeth,
When I do the selections manually I lay multiple horses in the same race, the way I see it is only one horse can win (and your Betfair exposure reflects this, so your bank should be fine). Its surprising how many times you manage to get 2 or 3 turned over in the same race, and it feels good when you do.
Hi - I was very curious at the newly uploaded March results. Sometimes there were 3 matched in 1 race.
Something I’m not doing, and I am able to bet manually most days.
I guess with a saturday and so many races quite a lot of bank could go out at one time.
How’s everyone else doing the multi horse choice ? Seems most of the horses eventually get different odds right at the 60 seconds before the off…. But if the Betalay team are doing it maybe I should follow and bet on 2 or 3 horses if their odds are all very similar and races of 10+ horses ?
Here you go…..
http://www.onlinebettingexposed.com/the-aintree-grand-national-2008/