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
Mark, Four The Win has had selections most days of late, not always many but certainly 2 or 3 most days, and it has continued in great form producing consistent profit.
I would have another read through the manual as, in my opinion, it would be well worth it.
Thanks all for the constructive comments,
I appreciate it. In a summary of my activities and luck, I have tried many systems and the only one I have stuck with is the Football Cash Generator, this seems to work well and I haven’t gone far wrong with it. BUT, as far as the nags are concerned I have lost literally thousands, and to be honest with you the first laying systems I tried were the ones that burned me most, so I stopped using them for a while. I then started using the betfair games systems available and the losses just spiraled - I am currently at around £6000 loss, so I am one of those punters contributing to the other side.
I decided that enough as enough until an ebay member contacted me and told me about Online Betting Exposed, I read through it and decided this looks good. So I first bought Four The Win. This hasn’t been unlucky, the only thing is that I just cant find a lay that fits the criteria, maybe I am not doing it right? Because I couldn’t find any horses to lay from Four The Win, I decided to try out Betalay, hence the recent posting on my findings.
I am going to stick with it and with trepidation I am going to do staking - and this is where I will need your advice as a newbie.
Because of all the bad luck I have had, I am not going to risk more than £500. With this and see how it goes. After yesterdays bad run, and reading through the posts after my comments, I decided to lower the stakes right down to 30p AND though its not in the rules I decided to have a go on the US racing, won 4, lost 1, then gave up, with a net loss of 60p. I was just trying out the staking less than £2 feature to see if it worked, and yes it does.
Now if there are any Grey Horse Bot knowledge’ites out there, I am going to do staking and I am not going to use any Excel spreadsheet methods, just the standard staking option that is included with GHB.
These are the options I am using
Stake = 0.30 (30 pence)
standard number of runners, horse rank and odds range
Start betting 30 seconds before
Staking set to 5 - 5 races to recover
Carry forward losses
If I leave it like that, I take it that if I get a winning horse, the staking system will then use the standard stake + one fifth my losses from the previous win - for the next 5 races?
Now lets say I did get a winning horse, the staking feature kicks in and after the 3rd consecutive race, another winner comes in, will this then split the 2/5 remaining loss with the new loss and calculate the new stake based its sum?
Many thanks
Mark.
Mark,
I agree with Paul, it does look like you’ve just started at the wrong time (that’s usually my trick!)
I’ve been doing this for quite a while now, and as you’ll see from my previous posts I prefer to trade manually but do sometimes have to rely on the bot. I do find that when I trade manually my results are more accurate and probably more profitable (or that could just be me giving myself a much deserved pat on the back for choosing each selection and placing the bets myself!)
Anyway, overall I’m pleased to report I’m producing a fairly healthy profit. But as Paul has said there are good runs and bad runs (and anyone who’s intent on making money from gambling must be able to handle the bad times aswell as the good).
I personally take my gambling seriously, I’m in it to make money (not lose it). Before I started using Betalay I studied their results in detail. They do have a statistical edge. Their average losing bet (i.e. when the horse wins the race) comes in at less than 7/1 (by my calculation it’s actually 6.68/1 which is not 9.0 or 7.8).
As I’ve said before, if you follow the system to the letter you wont go far wrong. From what I can see though you’ve dipped your toe in the water for a couple of days and because the temperature wasn’t quite right you’re moving on to another system or two (falling into the same trap most mug punters fall into). Why do you think the bookies always win in the end? They are consistent. If you look at the Betalay system and follow it to the letter, in effect you are acting just like a bookmaker, with a very very consistent approach. It’s not a personal criticism Mark, but if you flit in and out of systems every couple of days you will lose money (just like 99% of all other mug punters out there).
Oh and by the way there is no evidence as far as I’ve seen that maidens and novices are any less profitable, my Betalay bets are in profit across every race type.
Whichever path you choose to follow, good luck to you my friend (I’ll be sticking with Betalay)
Their stats are definitely 100% correct Mark, but what you see on their website is calculated to SP with zero commission included, as I explained in my review. The only one variable involved in order to profit is that you aim to as close to SP as possible.
You should read back through this entire thread, because I think every conceivable argument has already been addressed. I spent the best part of a week running reports and comparing the results to Betfair’s own historical data, so that I was confident about the information I was relaying on this website. The way you’ve described it as a fairly simplistic and largely innaccurate way to look at it. Granted, you haven’t had the best of starts - I can’t disagree with that - but you can’t assume something doesn’t work based on a couple of day’s results.
Your losses today definitely seem excessive. I recorded 7 winners and 25 losers, which resulted in a loss of approximately 23 points. I’ve seen worse days and I’ve regularly seen days where we’ve made 20-30 points profit too. Like I said earlier, fluctuations like this are commonplace with systems that have a high number of bets. There’s no way around that I’m afraid.
Betalay have got their own members forum now, so I’m sure they’d be happy to address any questions about the system there. All I’ve done here is write an unbiased, and realistic, review that weighs up the pros and cons of it.
I started with £1000 and used £5 stakes which equates to a 200 point bank. This is my P&L statement for today: Horse Racing: -GBP240.10. So I have lost £240 today. I have not been using staking purely because I am not a fan of progressive staking after having been burned too many times with it. I had lost £80 yesterday and I am now thinking how much more of this punishment I can take. I would like to think that this could work, but I am not prepared to risk my entire bank on a staking system which will add yet even more risk. If the system is truly an 88% one then this can’t really produce a big profit as claimed because the 12% BIG losses will be a big dent in the 88% LOW profits. So if you are staking £10 per race and the odds are at worst 9.0, 88 wins will get you £836(based on 5% commission),and 12 losses will lose you £960. So an 88% strike rate isn’t that impressive considering the maths here. OK, this is the absolute worst case scenario, but if the average is around 7.8, this will lose £68 per race giving a total £816 loss over 12 races, and using the maths above, this would be a £20 gain based on the 88% win rate. The figures I have given are realistic, so I’m sorry, but 88% win rate will not nett you a good income from this. Sorry to be a moaner, but that’s how I see it.
What size of stakes are you using Mark and do you have staking turned on in the bot? A 200 point bank, which is what they recommend, should be pretty safe with this, but if you’re using staking then you would need a much bigger bank - if you read back through this thread we were talking about 2000 points or somewhere in that region.
OK, thanks for the response Paul. I am not the most knowledgeable when it comes to horses form etc, which is why I turn to sites like this to help me out, so you can imagine how naffed off I was when the first system I tried from your recommendation turned out to be a ‘non runner’, excuse the pun. The system itself looks ok, and it should work, but there are problems with it in terms of the races - such as novice and Maiden races, who knows who is going to win these when theres not much information to go on, but there is nothing in the manual for beginners regarding these types of races. I am currently running at a £195 loss for today only and I am now thinking should I carry this on and hope it pans out better? Or should I go to higher risk and try and claw my losses back? If I do this then I could end up either breaking even or losing my whole bank in a couple of days? I have bought 2 more systems from your recommendations, I just hope these turn out better? (Four The Win & Racing Secrets [Exposed] )
Hi Mark,
When I wrote this review I ran backdated reports to confirm that their results were correct and then matched the last couple of year’s results against Betfair’s historical data to get an idea of how much over SP you could expect to lay the winners at. Their results are based on 8 year’s data and everything is available on their website, so I can’t see how reproducing them here would have helped anyone.
With a high turnover system like this you can expect large fluctuations in your bank. I’m afraid that it’s part and parcel of betting in such a large number of races every day.
~ Paul
I have had the system for 3 days with a £1000 bank, it has lost consistently since I had it to the tune of £210 - I dread to think what my balance will be at the end of today. I used the GHB as you recomended and so far it has been very disappointing - why didn’t you have any results of the system displayed here, considering you rated it so highly?
John, it would probably be safer to use two Betfair accounts. If you’re using the staking features in either bot they probably both rely on your Betfair balance to see if you’ve won or lost and that could give you problems. Running one on each account would be safer.
Paul,
I would like to use BetaLay with Grey Horse Bot.
Is that affected by races that are close together?
Would you need to run more than one version, each with different Betfair accounts?
Regards,
JohnV
Hi Soren,
as far as I’m aware Paul uses it on a daily basis.
hi paul
have you tried this program since you reccomaned it ,or is it just out of their results
soren
Hi Nicola,
1. If there is a couple of selections that are close in the betting I’d try to wait until as close to the off as possible and if there is still two with the same odds then lay both.
2. It’s sensible to try and lay as close to SP as possible, but the results on the website do include all qualifiers rather than the BF odds. What we’ve found is that when they’re trading much higher than their SP odds they very rarely win though.
~ Paul
Hi, ive just started betalay, i wonder can anyone help.
Can I ask 2 questions
1. If you are watching the bookies minutes before the off, and the odds keep changing between the horses, should you just leave it and only bet when a race seems more clear, i.e the correct selection is pretty easy to identify?
2. When you go to place a bet on betfair, should you bet if the odds are higher on betfair? Or should you only bet if the odds on betfair are around SP or below?
If anyone could help that would be great.
Hi all,
Just picked up an email from Jack at Betalay (you’ve probably received it too) they’ve set up a users forum on their site, which I think is a good thing as we can discuss the finer details of the system “behind closed doors” there (because its password protected and they’re only issuing the password to buyers of the system). So I’ll probably see some of you over there!
Thanks Paul - yes I “behaved” today, and only bet on 2 horses (successfully) in the races that had definite selections on the live prices at 60 seconds before the off.
I did ensure I got them for odds of 8 and found the “keep” button useful as one qualifier was 9.4 on Betfair but got snatched for 8 at the start, went straight up to 14 then lost.
Only 1 loser today so in profit.
Elizabeth, most of the time you should be aiming to do one in each race. Sometimes you will have two, but you shouldn’t be going out of your way to do two or three in each race. If that’s what you have been doing that is.
Apologies - yes - I did wander off a bit to my failure yesterday !
From now on I will stick to the system and only bet on 2 or 3 if they have exactly the same odds at the off on the live bookies price.
Fingers crossed I finally make a profit today.
Yes, that’s what I thought too. It’s actually a completely different system if you’re using different rules