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
@Robert
What I was concerned about is like Aug 29 and yesturday. You loose on betalay you do the loss recovery but the second/third race you loose again and you find yourself getting deeper and deeper in losses. Aug 29 and yesturday. You target lay is 8/1 and betfair is 12 or 13 it looses you overlay and then the 3rd race lay wins at higher odds on Betfair. It all makes the results page of Betalay a bit of a joke compared to reality. I agree you can have good long runs of lays but I imagine these have taken a hit over the last three days. Dont take me wrong I have been looking for someone out there to convince me Betalay works and up to now havent seen a post recently from someone who is actually making money using it with hard earned cash.
Tomkat
Yeah, Craig is right Jay - we played out a number of scenarios, but they all really revolved around the recovery plan that’s mentioned in the manual.
@Robert - I was 99% sure it was described in the manual, so thanks for confirming that. It’s nice to hear how well you’re doing with it. It’s taken a hammering on here now and again comment-wise, but I think everyone would agree 100 points for the month is AMAZING!
Glen’s a busy man ain’t he !
@ Craig,
The overlay recovery you describe below is identical to the one in the Betalay manual. I operate Betalay manually every weekend (and whenever else I get the chance to nowadays) and I use this method of overlay recovery. I’m pretty sure Paul testsed this method in the early days and it has proven to be beneficial to me. I just followed Paul’s original advice and cap the amount I recover if I fall into a bad sequence. It works fine for me.
@ Tomkattrader,
By my reckoning Betalay made a loss of 7 points yesterday (hardly a disaster considering it’s in profit by about 100 points for the month). You should also consider that it’s had 39 winning bets on the run earlier this month (which would have been 39 consecutive losing bets if you’d been backing them!) The fact is that 88% of the Betalay bets do win (and that’s a statistic that’s stood the test of time, as has been discussed here many times before).
@ All who may be interested,
I emailed Jack at Betalay yesterday to enquire about the GHB settings and he informed me that Glen (from Betgear) is currently developing a bespoke bot for Betalay which will automate the selection process and the afore-mentioned overlay recovery - in his words: “Watch this Space!”
@Jay - The recovery plan that Paul was discussing is recovering the overlay on losing bets (ONLY the overlay)
So, if you layed £20 on a 5/1 SP selections at say 6/1 on Betfair and it won, you’d be looking at a £120 liability instead of £100. In this case, you’d then look to recover the extra £20 that you’ve paid out over the next say 4 races, so aiming for £25 profit per race over the next 4 races.
Not sure I’ve explained that very well so if you need further clarification just ask.
@Paul - Looking back at some of the posts I think you were looking at a loss recovery plan for Betalay, did you ever work one out?
Jay,
HI, I’ll think you’ll fine its Paul who came up with the loss recovery plan.
I purchased the system a few years ago and i let someone have a copy who run through RSB , it didn’t work out to well when you consider overlay commission etc,..so i binned it..
It looks as though they have repackaged it etc …
Hope this helps..
@David Steel I would be very interested in your loss recovery system if you are willing to share
Tomkat,
If you take the system at face value it doesn’t work, however, Paul i believe did some research on a loss recovery system which countered this and turned it into a profitable one..
Tomkat, if you did a bit of research into this you would understand why that isn’t a good idea.
Hi Guys, Im back. What a bad day for Betalay. However I followed the advice of the comment earlier and backed them all wow!! Non stop winners.
Tomkattrader
I have binned the Betalay system. I think Betfair odds are too good. It may even work well as a Betting system. Someone may want to paper trade it and see. I have also recently purchased Greyhound Lay System. This is another product that may be less than satifactory. The owner Steve has not contacted me after a queries I had. They seem to be happy to take your money dont they. I would urge caution with this system. Legacy & Saver and PF look good as does Accelerator.
@Tomkat. How are you doing with your new settings on Betalay?
@ Tomkat. I have experienced similar results to you. I make profit oevr 3 days and it gets wiped out in one, even with stopping after 4 winners each day or setting a stop in profit. I have changed my GHB settings and the results seem to be better although there are less selections. I am continuing to record the results and if it is much better I would be happy to suggest it…I have now probably jinxed it but hey ho…long term profits is the key…:-)
Steven, fair point about the system test part, but Paul did a fair indepth test of it using all the data he could gather and he found it was profitable.
It’s not a system I’ve used personally, so I’m certainly not about to sit here and disagree with your results. Did you try using the overlay recovery method that’s been discussed on here (don’t ask me where, you’ll need to search back a bit but it’s there somewhere
) ?
Fair point Craig, All I can say is I tried it for a month live then bot for a month then came back live for 2 weeks. With other systems I am in profit for this period although I obviously have had loosers on those systems. I noticed all your tests are for around 6 weeks and on the good systems youve made money and had good reports back. I think if you ran Betalay as a 6 week report like youve done for Legacy & Saver & PF you will see the difference.
Terry…. Good point, recently I did switch and the horse won so you might have something. Dare I say it due to the good Batfair odds this could now be a go Betting rather than laying system.
All the best guys
Tomkat
@Steven
From your comment “Everytime I go back to Betalay system…” it sounds to me like therein lies the problem. If you are following a system, you have to keep it up. You can’t jump back and forward and expect to profit. (I’m not saying that’s what you’re doing, but your comment indicates that)
Once you start a system (after paper trading for a reasonable period) you have to set a good bank up and then set a point at which you will stop and re-evaluate the situation should things go against you. Stopping and starting any system will lead to one thing and one thing only…the poor house, and none of us want that
@Steven - if it keeps losing, why not just back the selections you would have layed?
Everytime I go back to Betalay system I just lose money. Betfair odds are too good and the lay comes in too often. I have tried and tried with this and I am never in the scenario were I can say I have made a profit. Have binned it and got refund thanks to you guys as the vendor never said about going to clickbank and you only get 60days guys
Wishing you all the best and keep the reviews coming.
Tomkat
@Paul. If Clickbank give automatic refunds, fine. But your reply refers to Betalay and as i said I was not referring to any specific site. I am sure there are many betting products not sold through Clickbank and I stand by my comments re Trading standards and ASA.
Final word on the Betalay stats debate. I speak not from assumptions but experience over several years! ok, Ok I’m going……………………….!