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
@ NG - forgive me for the way this is going to come across, but it wouldn’t take a genius to come up with a slightly different version of the system, using a different selection in each race, apply the overlay recovery and do very well indeed
If we could automate it, as we’re discussing on the Forum right now, it could be VERY good
I have noticed the Betfair odds are now much higer than the SP (probably due to the popularity of this system). The site http://www.betgear.net/systems/betalay.pdf shows that Betalay has actually made a loss since the end of January.
When laybot pro includes the overlay recovery feature, the Betfair odds will become even higher - mark my words!
Here’s something that should interest you all….
http://www.betgear.net/systems/betalay.pdf
That shows the full results from the Betalay system since September 2007 using level stakes and laying each runner at the actual Betfair odds about 1 minute before the official off-time.
This doesn’t include the overlay recovery plan, which would send the profits through the roof.
Hi All
Just wondering whether their will be anymore posts here regarding the system?
I’m going on holiday on Saturday for a week, but I promise that I’ll look at the Excel feature in GHB when I get back. I’ve been meaning to for weeks and just haven’t had the chance yet.
Hi Callie,
Thanks for the reply, seems a shame the GHB cannot do this yet, as Im sure Betalay has some potential.
I’m sure someone with excel experience will come up with a solution!
Cheers
Mark
Hi Mark,
Unfortunately I think I misinterpreted what Malcolm had said about the overlay, in actual fact there is no spreadsheet. Macolm replied to Andrew on 22/5 and clarified this. There isn’t a spreadsheet just the facility to +/- Betfair’s SP in running. I have to say it would be really great to be able to factor in the extra percentage bookies - betfair automatically but I am not sure how…
The jury is still out with me about this method, although it clearly works if you check the RP results section, the extra hassle of having to work out the overlay is quite offputting and time consuming and any automation would definitely make a lot of difference to me anyway.
Hi Callie,
Any movement on the spreadsheet for the GHB yet, I would be interested in trying it myself?
Cheers
Mark
Hi Paul,
I haven’t yet opened up the overlay file for the bot, I hope Malcolm has done everything for me as I’m completely useless in this department! If he hasn’t I’ll pass the buck to someone else.
Callie
Mmm, strange. Last night Callie said “I have spoken to Malcolm the owner of the Greyhorse bot and he now has a special Excel file which enables you to factor in an overlay. I received it yesterday and this should do the trick for this method.” I’ll try emailing her to ask about it.
I’ve been using the bot for it some days Andrew, but most of the time I’m here in the afternoons so I’m doing it manually a lot of the time. I had Geordieland and Tombi on the 16th, but using the 20% overlay recovery the biggest my stakes went to was only a fraction over my original stake, rather than 100x or whatever your’s went to. It’s definitely a far less aggressive way of doing it.
Hi Paul,
I sent an e-mail off to Malcolm at GHB and here is the reply I got:
Hi Andrew
I think you may have miss read what was written.
We are adding a new option to GHB that allows you to ask
for a% above or below SP (betfairs) in -running. There is
no spreadsheet to do this.
Best Regards
Malcolm
So it appears that there is no option yet for the 20% overlay method unfortunately.Are you still using the 5 stage recovery yourself and if so have you encountered any bad losses like mine as described in my earlier post?
Andrew, send Malcolm an email and ask him for the Excel spreadsheet so you can use the overlay recovery plan with Grey Horse Bot instead. This will let you follow the system exactly as they recommend now and you won’t get into situations like that doing it this way.
Just thought I would show you an overview of my actual Betfair account just a week ago.I was using GHB to place my bets as per the Betalay rules and I was also using the 5 stage recovery set to stop after 4 consecutive losing bets.My profit target per race was 50p and my bank was 2000 points to be ultra safe I thought(£1000).
As you can see below if you scroll to the bottom my initial losing bet in the sequence was £3.14(49p at 7.4 odds).From there things seemed to go fairly smoothly for the rest of the day and the bot carried forward the losses to the next day as per usual if on a recovery cycle.That’s where it started to get real scary and as you can see, with a bit of bad luck(which always seems to happen with gambling)and one of those horrible WLWLW sequences,my last four bets were laying £57.31 until that final killer which cost me £447.02 on that one bet alone!!!On another day the bot may have picked another nag and completed the recovery sequence,but it didn’t… I just happened to walk in from work at this stage,saw what was happening,and stopped the bot immediately.
This just goes to show how risky the strategy can be.It might only happen once every year,but when it does you can lose your bank in a heartbeat.Luckily,the loss I took here was using profits which I had already made with Betalay,so no real harm done apart from my heart nearly stopping when I came home to see my Betfair account!!Just thought I would warn you all about the perils of gambling and always be prepared for what’s around the corner.
Any other horror stories please post here and I might feel better then!!
GB / York 16th May / 16:20 6f Hcap Tombi Lay 5243991072 16-May-08
16:18 8.8 57.31 8.8 (447.02)
O GB / Newm 16th May / 16:10 1m4f Mdn Stks Gravitation Lay 5243862304 16-May-08
16:08 5.9 57.31 5.9 57.31
O GB / York 16th May / 15:45 5f Hcap Marvellous Value Lay 5243484500 16-May-08
15:43 6.4 57.31 6.4 57.31
O GB / Newb 16th May / 15:20 6f Mdn Stks Ghaayer Lay 5243108062 16-May-08
15:18 8 57.31 8 57.31
O GB / York 16th May / 14:40 1m6f Grp2 Geordieland Lay 5242536709 16-May-08
14:38 8.8 24.24 8.8 (189.08)
O GB / Newm 16th May / 14:30 1m Hcap Totally Focussed Lay 5242432785 16-May-08
14:32 9.2 24.24 9.2 24.24
O GB / York 16th May / 14:10 1m4f Hcap Luberon Lay 5242112096 16-May-08
14:08 9 10.06 9 (80.48)
O GB / Newm 16th May / 14:00 6f Mdn Stks
(RF Betws Y Coed 2.40%) Gal Aloud Lay 5242008983 16-May-08
14:00 9.2 10.06 9.2 10.06
O GB / York 16th May / 13:40 5f Listed Bahamian Babe Lay 5241736102 16-May-08
13:38 7.4 5.81 7.4 (37.18)
O GB / Newb 16th May / 13:20 6f Mdn Stks Marsool Lay 5241528804 16-May-08
13:18 5.1 5.82 5.1 5.82
O GB / Ludl 15th May / 20:10 2m Hcap Hrd Huguenot Lay 5238449806 15-May-08
20:08 5.8 5.81 5.8 5.81
O GB / Ludl 15th May / 19:40 3m Hcap Hrd Nayodabayo Lay 5238064761 15-May-08
19:38 6.4 5.82 6.4 5.82
O GB / Folk 15th May / 19:15 3m7f Hunt Chs Trade Off Lay 5237777278 15-May-08
19:13 5 3.23 5 (12.92)
O GB / Newm 15th May / 18:55 1m2f Mdn Stks Swinging Sixties Lay 5237533858 15-May-08
18:53 7.4 1.92 7.4 (12.29)
O GB / Folk 15th May / 18:45 2m5f Hunt Chs Big Daves Legend Lay 5237416178 15-May-08
18:43 8 1.92 8 1.92
O GB / Folk 15th May / 18:10 3m2f Hunt Chs Laguna Beach Lay 5237004562 15-May-08
18:08 7 1.91 7 1.91
O GB / Newm 15th May / 17:50 5f Mdn Stks Barbee Lay 5236762091 15-May-08
17:48 8 1.92 8 1.92
O GB / Folk 15th May / 17:40 2m5f Hunt Chs Winapenny Lay 5236637107 15-May-08
17:38 8.2 1.92 8.2 1.92
O GB / Ludl 15th May / 17:30 2m Sell Hrd Desert Lover Lay 5236510987 15-May-08
17:28 6 1.27 6 (6.35)
O GB / Perth 15th May / 17:15 2m NHF Hurricane Jack Lay 5236343423 15-May-08
17:13 6.8 1.28 6.8 1.28
O GB / York 15th May / 16:55 2m2f Hcap Numero Due Lay 5236120095 15-May-08
16:53 7.6 1.27 7.6 1.27
O GB / Salis 15th May / 16:35 7f Hcap Isphahan Lay 5235869959 15-May-08
16:33 8 1.28 8 1.28
O GB / York 15th May / 16:20 6f Mdn Stks Cooks Endeavour Lay 5235697307 15-May-08
16:18 6.8 0.49 6.8 0.49
O GB / Perth 15th May / 16:10 3m Hcap Chs Russian Sky Lay 5235559961 15-May-08
16:08 7.4 0.49 7.4 (3.14)
Ah,ha! I just mentioned to someone yesterday that we could probably do it with the Excel integration in Grey Horse Bot now, but I haven’t looked at it properly yet. Did he create all of the triggers for you in Excel so you just need to plug it in with the software and run it?
There will be times when the selections won’t be 100% the same, but in the big scheme of things I doubt it will make too difference.
By the way, the betting bank I was talking about there was for the other recovery plan, but if you’re following the one they recommend you wouldn’t need anything like that size of bank.
Paul
Thanks for your reply. I have spoken to Malcolm the owner of the Greyhorse bot and he now has a special Excel file which enables you to factor in an overlay. I received it yesterday and this should do the trick for this method. My only concern as mentioned earlier in the thread is that you won’t necessarily be getting the same selection if you were placing bets manually. I think I will have to go down the bot route otherwise I might blow a fuse!
Callie
Callie, sorry for not replying earlier about this. I must have missed it.
What we were talking about originally was using the Grey Horse Bot, splitting a loss across the next 5 bets and setting it to stop betting after 4 consecutive losses. A couple of us went back through the full 8 years results and the conclusion was that a 500 point bank would be enough to cover almost all eventualities, but a 1000-1500 point bank would be a safer approach.
This is more aggressive than the staking plan that’s described in the system though and as soon as we can follow that automatically using either GHB or Lay Bot Pro I’m going to switch to it. All you’re doing there is recovering the 20% overlay in the odds and I think that will prove more profitable, require a much lower bank and be easier on the nerves too
Hi Paul,
You mention the 20% recovery plan in your response to Jake by this do you mean setting the Greyhorse Bot staking level to “5″?
I would also like to ask you in your opinion, what bank level would be required for a £2.50 stake using I presume the Greyhorse bot staking level set at 5 recovery? I did see this earlier in the thread but I would just like to make sure.
PS I really like your site - it is a breath of fresh air!
Hi Jake,
I don’t know why you haven’t received a reply to your emails. Do they not provide a telephone number anywhere (off the top of my head I thought they did)? If not, send me an email, I’ll forward it on and I’ll get it to them in one way or another. In my experience they normally reply same day.
(1) You would need to get the username and password from them I’m afraid.
(2) The stats on the site are quoted to SP and the max SP odds are 8/1. I go to 9.4 for my maximum, but it’s up to you really.
Something I should tell you is that using BF’s SP for anything isn’t good at all. To give you an example, I layed a 5/1 chance the other day that was returned at something like 16.5 on BF’s SP and I’ve seen loads of others like this too, so I wouldn’t use that as a guide for anything you’re doing. It really isn’t a true reflection of the market a lot of the time.
>>>My other betting activities are based on stats and not hope.
That’s a poor comment if I’m honest with you. I spent a full week on this before even writing my review, then probably another week after that doing further research. I ran reports using Racing System Builder, pulled all of the qualifiers from that, then spent a ridiculous amount of hours going through Betfair’s historical data to grab the actual prices the runners traded at before the off for the last two years. You know, I did some proper research on this.
Just follow the 20% recovery plan and you can’t lose. That’s the truth of the matter. You won’t make as much as they advertise on the website, but do the sums and you’ll get the picture.
It is rather impressive
~ Paul
After reading some comments on this site I bought Betalay on 7/5/08 and started paper trading manually as I can spend the day in front of my pc watching racing and the markets.
I emailed Betalay on 10/5/08 with 2 simple questions
1)How do I access the users forum on their site which requires a username and password of which their is no details with the system.
2)Does the max price for the selection apply only to the live market sp to make it a qualifier , however, you can lay it for a higher amount on the exchanges or do they strictly only lay to a max of 9.0 and if this is not achievable then no bet.
I received no reply to the first email except instant automated notification saying that they would contact me in 2 days. I then emailed again on 15/05/08 and received same automated response and nothing since.It has now been 8 days with no reply - not impressed.
As I said I have monitored every selection to date and calculated figures at Betfair sp which is realistic, achievable and fair since all bets are placed almost immediately before the off it is almost impossible on a lot of selections to achieve anything like sp without requesting sp or lower in running and hoping the horse has a decent spell in the race, our bets are matched and the horse goes on to lose.
My other betting activities are based on stats and not hope.
I would really appreciate some help and feedback on these issues so that I can start to profit from this as some of you are at the moment.
Many thanks
Jake
@ Matt - The Format Racing Method can be used with the Grey Horse Bot…..
http://www.onlinebettingexposed.com/format-racing-method-our-review/
A lot of other systems would work fine with it too - there isn’t much it doesn’t do.
@ Pernilla - Please check that you’ve selected the rank of the horse to bet on when using the bot. It will only place one bet in each race if you set this correctly.