August 27, 2009

Betting Miracle

Betting Miracle Final Review

It is very tempting to dismiss this system as rubbish and recommend that Graham places it in the failed category, but there may just be a little gem lurking in flotsam.

First thing to put my back up is the sales page. I looked at buying this before Graham offered it to me to test. The sales page was horrible high-pressure waffle full of the usual emotional triggers normally spouted by the Rochdale gang. This alone persuaded me not to buy!

Having received the system to test I had a question about how to apply the odds filters to the Place Market variant (more on this below), but, hold on, no contact details for the author! Together with the sales page I immediately though SCAM. But I have operated the system for 30 days just to check.

The system revolves around backing clear Racing Post favourites. Now here is a small problem; if you want the data before 9:30 each day it is going to cost you £7.50 per month. The system uses the “free” data which is available later in the morning.

As we know, favourites don’t always win and 11 filters are then applied in an attempt to weed out some of these losers. The filters are easy to apply and a busy Saturday took about 20 minutes to analyse, so the system is easy to operate.

The system operates by backing selected horses to win. The odds filters mean you are backing at around evens, so there is no opportunity to back each-way. Here is the next problem; the Strike rate has to be greater than 50% to make a profit as one loss will wipe out the profit of one win at evens. The trail generated 12 selections and only 3 won, a Strike Rate of 25%, way below the requirement. The overall loss is £59.98.

Further only 12 selections per month is not good, although, to be fair, the manual advocates making selections in the USA, Australia and New Zealand and has links to (what I presume are) Racing Post like publications for these countries. These publications are not free so I did not include them in the trial, and if you do buy the system note that your operating costs will increase. This leads to my next problem; one of the filters revolves around RPR. I have no knowledge of whether the stated publications generate their own ratings, and whether these are regard as highly as the RPR, but it is an inconsistency that the manual states “all rules must be strictly applied “ and one of the rules involves RPR which cannot be applied to offshore racing. Humph, is this yet more evidence of SCAM? Note from above the author is not contactable to ask how this inconsistency can be resolved.

On the Main System analysis this system is defiantly a failure.

However….

The manual also offers a variation removing one of the rules (but still leaving 10), regarding the price of the second favourite. These selections are backed in the Place Market on the betting exchanges (note that I do not mean backed each-way!), and have been reported as Place Market variant during the trial. The average odds of these selections during the trial was 1.47. What this means is a loss will wipe out over 2 wins, so the Strike Rate has to be very high (over 66%). The trial generated 28 selections with 21 winning bets; a 75% Strike Rate generating an overall profit of £16.55 to £10 stakes.

So, here is a potential gem in the dross of the system, just using the system to identify Place Market only bets.

For me, £16.55 is just not enough profit to show for a months worth of betting. If you remove £7.50 to pay for the Racing Post, and consider that at this level of return it will take months to recover the cost of purchase, the situation becomes worse!  But, this aspect of the system did return a profit, and therefore has rescued the system from the bin. I recommend that this system gets filed under neutral…just!

You can get Betting Miracle here:

http://www.cash-master.com/bettingmiracle.php

Filed under Backing,Horse Racing Systems by Arthur

0 comments

Previous post:

Next post: