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 all
Damn my eyes are stinging from reading all of this! I have tried the GHB with Betalay since January and have had mixed results. Jan/Feb were great, but then March and April hurt quite a bit due to some bad runs which seem to have been evident on a lot of systems, particularly the Laybot (Lay Formula). May seems to have picked up again so hopefully this will continue! I agree that the staking on the Betalay system can be very dangerous indeed, and that level stakes is much more preferable if you want to avoid a heart attack!
Does anyone have any other good systems that can be used with the GHB, or advise me where I can find them? The Betalay system is a good long term system at low stakes but I could do with a couple more to boost the bank!
Thanks all, and good luck.
Yes… I’m looking forward for LayBotPro or going to known as BetBotPro to be release since i can’t afford the monthly fees of GHB… I’m doing it manually using Betalay , honestly to say that, it’s very tiring to watch the market like that WITHOUT A BOT ! haha =)
Hi,
I have just bought the bot and paper traded it tonight. I have set up everything correct i think, but when paper trading it on the american market (just to try) the bot placed two laybets in one race. The odds were not the same, so its not as if it could not distinguish which horse was the “chosen”. I have set the bot to start monitoring 60 secs before and place at 30 secs. Could it be that both horses fit the criteria one after the other in those 30 seconds? And that is why the bot places bets on them both? Should I take away the monitoring option or narrow it to 40 secs before? Or is there another function that says only to choose the correct horse at a specific time and not two horses?
Thanks!
Elizabeth,
I use the system manually as often as I can (and use the bot when I can’t) and I find the manual operation turns in a fairly respectable profit (I’ve made about 20 points so far this month). The ghb seems to be a bit hit and miss sometimes, obviously it never selects more than one horse in a race which means some profit is lost there, but I still use the ghb when I’m not around to bet myself because it turns in a profit.
I wouldn’t say that the selections differ a lot, they do differ at times when a couple are close in the betting, but I think it’s a case of swings and roundabouts and I doubt it would make too much difference to the overall strike-rate or results.
You can’t expect to make the advertised profits as those are quoted to SP, but using the 20% overlay recovery plan I still think the profits will be substantial. I’m going to run a test on this when Lay Bot Pro has all of the features we need - should be soon, I think.
If using the bot results in not having exactly the same selections as the ones shown in the .pdf results files, does the winning strike rate claimed in the Betalay website (88%) still hold up? If the selection arent exactly the same, does the claim of making average profit of £24K per year using £25 level stake per bet (no progression) as stated in the website is correct in real life betting? Does the number of selections with GHB vary a lot from the ones shown in the results files?
The results are correct - see my review above for more information - but if you use the bot you aren’t guaranteed to have exactly the same selections because the bot would be working off the odds available on Betfair. That’s the sacrifice you make for the ease of using a bot I’m afraid.
If I use Greyhorse Bot and bet using exactly the system rules/parameters (no modifications/tweaking) found in Betalay ebook, will I get exactly the same results as listed on the Betalay .PDF results files? Are the results actual matched results or just hypothetical lays that in real life one won’t be able to duplicate exactly?
Hi Terry,
I did test the system by manually trading as per instructions on the SP and my partner ran the Bot on the advised system for 2 weeks, and quite honesly although different horses would be chosen sometimes, it was a case of roundabouts and swings, with end results being similar. However I am sad to say neither of us made any profit on flat staking, and after trying various staking plans still no profit.
I wonder sometimes whether these systems are subtly marketed by Betfair ? I bought the “Betfair Loophole” this week. Again after 3 days the results were nothing like the projected sales spiel.
I have a comment!
If this is the same system as Betwise (maybe Chas can confirm), then according to that system, you had to refer to a very particular horse in the market (I’m trying to be careful with my words so as not to infringe on any copyright here!)
However, if you guys are automating everything, then the particular horse that your bot is selecting in the Betfair market, may not necessarily be the same horse according to the bookmakers’ SP market.
So your results (and hence winning/losing run sequence) may vary from those posted on the Betalay site.
Hey, thanks a lot for the offer, Davey. Really appreciate it. Your posts have already made a lot of sense. I’m outside Toulouse (although a Berks lad) and hassle number one is no ADSL so slow. Having said that as I write a team of French telecom guys are laying cable up our hill. I hesitate to go outside and chivvy them along just for my betting urges–they’ll start moaning about Agincourt, Dunkirk and rostbifs etc!
So I’ll wait a couple of days to see if I can get the market loaded on auto and start my FAQs in a while. Good punting and many thanks again.
CHIZZ
I’ve been using Betalay and the auto-bot since it started Chizz. If you need a hand I can help.
Try Betalay’s own forum Chizz. I know that BernieBoy has been posting there.
Hi,
I’m a new subscriber to GHB and Betalay. Thanks Craig and Paul , all these contributors are really well informed -great maths and great discussion–fascinatin’ rhythm- but I wondered if anyone might point me in the right direction for finding the old contributors-people like BernieBoy, Scott and Elaine in the earlier pages of this discussion? Did they hop off to another forum?
Cheers Chizz
@ Nicola - I just realised that what I described below isn’t exactly as it says in the book. What I was thinking about was a worse case scenario situation for automating it with a bot, but that said it should achieve similar results and it will probably be slightly easier for you to operate too.
@ MC - if you read right back through this (if you can be bothered :-)) you’ll see that we have gone into some detail about banks and staking plans, but at the time we were really talking about using a workaround for operating it with the Grey Horse Bot and it was a more aggressive approach than just aiming to recoup the overlay. I’ll need to put some more thought into this.
Hi,
I’m curious about what sort of a bank you would need to implement a loss recovery for the 20% overlay - has anyone gone through the results to see whether or not there were some killer losing runs that would still cause problems?
I’m really enjoying this thread.
Regards
MC
If it happened on the third bet your next bet would be £9, but that would be the fourth bet in the first sequence so after that one you would revert back to £7 for the next three bets. Hope this makes sense
hi paul, thanks the advice, can i just clarify, sorry to seem stupid, just want to make sure im doing it correctly. So if a horse loses, and i lose £40 my next 4 bets i increase to £7. And if i hit another horse that wins say on my third bet, are my next 4 bets at the £7, or are they £9? (£7 +2)
Sorry just wanted to check.
Hi Nicola,
If you’re working Betalay manually like this and following the instructions in the book to the letter, don’t worry too much about the odds. What to do is check your loss, take 20% of that and then split it across the next 4 races, so you’re effectively increasing your stake by 5% of the loss on each of the next 4 races.
This means that if you were aiming to win £5 per race and you had a loser that cost you £40 you would take 20% of this (£8), split it into 4 parts (£2 each) and then aim to win £7 per race for the next 4 races.
If you hit another losing bet that cost you £40 in the next 4 races you would need to do the same thing again and add another £2 to the next 4 races in the sequence.
I’d recommend either setting up a simple spreadsheet to track your bets, or even sit with a pen and paper when you’re doing it and you’ll be able to follow it quite easily.
This is a very non-aggressive type of staking plan and it makes a huge difference to the profits. I can’t wait to get it fully automated to work exactly like this (should be happening soon!).
~ Paul
sorry one other question i meant to ask, betalay state that the average sp losing bets odds are 6/1, does anyone know what the average losing bet price is with betfair prices? just trying to work out whether to use a recovery plan or not, also could you use it to just recover half of your overlay, rather than the whole amount?