December 8, 2008

50 – 50 Racing

FINAL REVIEW

As I mentioned at the start of this test, the system itself uses the A vs B markets on Betfair. The selection system is straight forward, but you do need to be at the coal face (as I put it) during the time that you want to use the system, in the minutes before the race is due to start.

There are two systems – System 1 and System 2 – I will not go into the detail of the two systems, as this will give too much away behind the system itself. No study of form is required, all the information you need is on the screen in front of you, and a spreadsheet (my personal preference) or a calculator.

The manual has the normal pages talking about how Betfair works, but also shows how to find the market that the system uses.

According to the manual, you can use the system part-time or whenever suit’s your circumstances. I must admit that I agree with that particular statement.

The manual states that a starting bank of £2,500 is required, but I wanted to see how a bank of £250 would fare, as I feel that this might be a more realistic figure for most people (including me!). The results I will show net of Betfair commission at 5%.

I decided to run the test on the shorter priced selections, past the stop loss feature to a second selection, to see if the first loss could be recouped. At the end of the test the results were as follows:

System 1:
Starting Bank: £250.00
Finishing Bank: £177.23
Loss on test: £82.77

System 2:
Starting Bank: £250.00
Finishing Bank: £100.32
Loss on test: £149.68.

I said in my last posting to the blog that I would go back over my results, to see if my amendment to the system would make a difference. The answer is that it did – for the worse.  The results would have been:

System 1:
Starting Bank: £250.00
Finishing Bank: £269.63
Profit on test: £19.63

System 2:
Starting Bank: £250.00
Finishing Bank: £198.18
Loss on test: £51.82

So system 1 would have made a small profit, and the loss on system 2 would have been reduced by two-thirds.

If you know the A vs B market in any way, Betfair do not always pick the first and second favourite, but two horses supposedly similarly matched in the race. Sometimes neither horse finished in the top three, and this meant that on occasions, I was trying to get the result of the race, with the next race about to start, which I found very frustrating, which is why I didnt run the system on a Saturday.

My overall opinion of the system is one of being neutral. It is simple to use, does not need any form study, and applying the method to the letter, part of the system did make a profit. To conclude I cannot whole heartedly recommend 50 – 50 Racing due to what I have said, and although the methodology is straight forward, I feel this is outweighed by the system not making a profit, but more importantly, being up against the clock when the previous race either runs late, or neither horse has been reported as to it’s finishing spot.

You can get 50 – 50 Racing here:

NO LONGER AVAILABLE

Filed under Backing,Horse Racing Systems by David Aston

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