Thursdays Bets:
Grudge Chester 7:10 WON 5/2 +£125
Zelos Girl Great Leighs 2:05 LOST -£50
Whiskey Junction Great Leighs 3:15 LOST -£50
Najca De Thaix Stratford 4:50 WON 11/2 +£275
Daily Profit:+£300
Total Profit:+£481
Filed under Backing,Horse Racing Systems by Graham
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My name is Liam Moroney and I’ve spent the last week or so engrossed in the False Favourites e-book by Jonathan Burgess, who appears on the betfair accredited trainers list.
Let me start by saying that I don’t really think that this is a racing system. It is billed as a system on the web site and refers to itself throughout the book as such, I think it is more than that. To my mind a system would consist of a set of instructions and rules that when followed correctly would lead all readers to the same selection. With False Favourites you do have rules to follow but you also have to use your own judgement and opinion on selections.
Many people reading that statement would be put off and start thinking “Why should I spend money on a book and still have to pick out the selections myself?”
Well first off, we are not dealing with the normal type of e-book here. What you get is over two hundred pages of information, stats, facts, figures, examples and exercises. Secondly, as stated above I do not consider this a system, It is a comprehensive course on how horse racing works.
I was under the impression that I knew a fair bit about the game and would have sworn I knew how to read and understand the Racing Post. This book is a real eye-opener. Other than the usual “how to lay a horse on betfair” fluff, that we have all read dozens of times, every section is a must read.
The aim of the “system” is to find a single low priced favourite to lay every weekday and two favourites on a Saturday. You are advised to have Sunday off. Liability is kept low with a maximum price of 4.7 ( 7/2ish in old money ).
The book gives you advice on the type of race to target and the type to avoid, how to spot a vulnerable favourite, how to spot horses capable of giving the favourite problems and when to place bets for maximum benefit.
I will of course record results on the blog in accordance with the rules and aims of the book, but I can tell you now that whilst I have been reading through the book and trying to put it into practice the ideas and advice given I have found a good number of decent back bet prospects and a few really good price each way bets. It’s not the aim of the course to find these, but it is very good side effect. You go through the steps to find the dodgy favourite and as a consequence spot horses that simply must have a decent chance of going close. These are my thoughts only and not endorsed or even mentioned in the book. I just hope I get the lays right for this blog, because I would hate to put anyone off buying this brilliant book.
I would strongly advise everyone to buy this book. Even before I’ve placed a single bet, let alone tried it out for a month.
The cost is a ridiculously low £20. That equates to less than 10p a page. When you consider the rubbish systems that we have all bought at 3-4 times that amount, this is a bargain.
I would consider this book required reading for anyone who wants to bet on horses. Layers, backers and traders will all find something of enormous value. This £20 will save you hundreds in lost bets.
Filed under Horse Racing Systems,Laying by Liam
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21/8/08
3 matched bets yesterday:
14:05 GREAT LEIGHS Leftontheshelf (6.40) lost, £9.50
15:05 STRATFORD Simondiun (3.20) lost, £9.50
15:40 STRATFORD Mey Clouds (1.84) lost, £9.50
Day’s P/L: £28.50
Current bank: £1126.30
P/L: £126.30
Filed under Horse Racing Systems,Laying by Les
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Finally we managed to get two selections that actually ran!
Results for Thursday 21st August
15:15 – Great Leighs – Hadaf – LOST (+13.42)
17:00 – Great Leighs – Finmore Queen – LOST (+11.93)
Todays P/L: £25.36
Total P/L: £62.30
Filed under Horse Racing Systems,Laying by Alistair Moffatt
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Wednesdays Bets:
Right Stuff Folkestone 5:55 WON 3/1 +£150
Lucayan Dancer Hamilton 3:40 AB
Wind Shuffle Hamilton 4:15 AB
Gentle Guru Folkestone 7:55 WON 10/11 +£45
Daily Profit:+£195
Total Profit:+£181
Filed under Backing,Horse Racing Systems by Graham
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There were three selections identified for today but with two selections being affected by the cancellation of their meeting, and the other being declared as a non-runner, we ended with yet another blank day.
Filed under Horse Racing Systems,Laying by Alistair Moffatt
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There were no trades yesterday but 1 pip profit today. Hurrah. I’d like to thank readers Phil and Donald for pointing out that there is a new version of tufxp available for download in the members area which has a very useful new feature. Basically there is a new box to tick in the PTP setup screen which enables a low-volume filter that gets rid of many false trades. So it won’t display any PTP’s if the trading volume is low. Had I used this filter on Monday I would not have got those losing trades and so I think from now on I will have this box ticked. It may mean less trades but if that means less losing trades then it can only be more profitable over the long term.
Today I had a confirmed long trade that actually got stopped out on Tufxp but not on my trade because of my 3 pip buffer but it did stop me out properly around 20 minutes later, probably due to the medium impact news realeased at that time. It would have been a good trade to scalp for 20 pips or so but I don’t do scalping.
Filed under Forex,Spread Betting by Graham
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20/8/08
With both afternoon meetings abandoned today there were no system bets. Hopefully tomorrow will provide a little more activity!
Current bank: £1097.80
P/L: £97.80
Filed under Horse Racing Systems,Laying by Les
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Tuesdays Bets:
Keepit’secret Southwell 5:25 WON 5/6 +£42
Limelight Brighton 4:20 LOST -£50
Night Lily Brighton 2:00 LOST -£50
Vibe Southwell 4:55 LOST -£50
Daily Profit:-£108
Total Profit:-£14
Filed under Backing,Horse Racing Systems by Graham
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