Running Balance +£1023.26
1.00 Etoile Russe £50 e/w -£100
1.30 Amir Pasha £50 e/w -£100
2.00 Ceoperk £50 e/w -£100
2.35 Minella Boys £100 win @ 7/4 +£175
3.10 Time For Rupert £50 e/w @ 4/1 +£240
3.45 Super Baby £100 win -£100
Daily Total +£15
Running Total +£1038.26
Friday 30th January
There was a break even trade on the EURUSD around midday:
There would have been another around 1.30 but a high impact news item kept us out of that one.
It’s been a pretty dull couple of weeks for my tufxp method. Hopefully things will pick up next month. I heard on the grapevine this week about a guy trading at £100 a pip made £30,000 in one week recently with tufxp. Definitely possible but I will leave upping my stakes until we see some decent trading again.
Running Bank £1551.95
Daily Profit -£505.58
Running Bank £1046.37
Running Bank £2667.12
Daily Profit -£821.56
Running Bank £1845.56
Another very poor day. Both banks have been almost halved. The original plan will continue to aim for £100, the extra plan will now aim for the maximum allowed £200 for the next few days. This system needs a very good winning run to recover it’s losses.
Thursday 29th January
I had a losing trade just after 11am on the EURUSD. Unfortunately the 10 pip stop caught me out as a slightly bigger stop would have led to a profitable trade:
And another losing trade around 2pm on EURUSD, this time the 10 pip stop saved me from a bigger loss:
And a break even on the EURGBP around 2.10:
And finally 10 pips profit just before 3 this afternoon:
EDIT: I’ve had a couple of e-mails since this post from people telling me they had a trade on the GBPUSD at around 1.45 which made 44-50 pips profit. Unfortunately, although I had the PTP on the 5 minute chart, I didn’t get one on the 10 minute as these guys did. Bugger. It’s strange how people running the same software, with the same settings, using the same feed, occassionally get different signals. I can only assume it’s something to do with our locations causing very slight differences in the speed of the feed which might affect the calculations.. or that could be total garbage, who knows?
I could have done with that 50 pips as this month has been a bit of a wash out for me. No great loss but no great profit either.
Day 1 – Thursday 29 Jan
No qualifying races today.
I am going to have a look at the Snare System by Terry Sparkes.
First impressions are favourable. A short 9-page manual so no padding on the history of Betfair or the like. However this does mean you need to know your way around Betfair and the Racing Post site/paper. This shouldn’t be an issue as there are many, many tutorials on such things if you use a search engine.
One slight problem with the review copy I have, the last page mentions that results can be seen on the next page. Doh! So there does appear to be some missing copy. Shouldn’t make a whole lot of difference as the rules have been explained, with examples, before this point. Whilst this does throw a question as to Terry’s professionalism (sorry Terry if you read this, no insult intended); the flip side is that one feels a scam would be more polished.
There are 11 easy rules to apply. Whilst this sounds like a lot, I suspect that it will be easy to find selections once I get in to the habit of the system.
Whilst some of the work can be done the night before, it appears that you will need to be around for the start of the racing each day up to the point the target is met, to operate the system.
Terry suggests a start bank of £1000, so this is where I will start. The system could be operated for less starting capital, the minimum is £100.
As you may know if you have read my previous blogs on Golden Key, my Dad is in hospital, and whilst improving is still quite poorly. I will endeavour to test the system daily and will post the results as soon as I can, but if I miss I day or two please bear with me.
Running Balance +£885.43
12.20 Another Charmer £50 e/w @ 4/1 0.00 (money back)
12.50 Nelliedonethat £100 win @ 11/8 +£137.50
1.20 Mighty Moon £50 e/w @ 7/2 +£210.00
1.55 Whisky Magic £100 win -£100.00
2.30 Carrietau £50 e/w -£100.00
3.05 No Bet
3.40 Getingbybutonlyjust £50 e/w @ 10/3 -£9.67
4.15 No Bet
Daily Total +£137.83
Running Balance +£1023.26
The third winning day out of five since we restarted the test. Looking much better this time, so far so good.
Wednesday 28th January
There looks to have been around 20 pips on the EURUSD just after 8 this morning:
And 10-20 pips on the EURGBP:
Both trades were too early for me though.
I couldn’t trade this afternoon but looking back at the chart there was what looks to be a losing trade, or possibly break even, on the EURGBP:
And a definite losing trade just before three on the same market:
This is a one-off review of the Risk Free Football trading system.
When I first read the instruction book for this trading method I was really quite taken with the idea and principles behind it and was keen to try it out. Unfortunately it has not worked out anywhere near as well as I had hoped.The first problem you come up against is which games to apply the system to. The only advice you are given is that the game should be a live T.V. game from your home country. Other than that every instruction refers only to “The Favourite” or “The Underdog”. There is no advice on whether it is better to target a very clear odds-on type game or a tighter priced game. Neither is there any advice on starting bank, staking plan, maximum liability etc. There is however an instruction that names a point to stop trading at. Once this level has been reached you either accept whatever profit you have made or you continue on to the second method given.
I have tried this system out on ten games during the last three weeks and have made a point of varying the type of game. I have applied it to league games, cup games, clear favourite games and tighter priced games. During that time I only found one game where the market behaved exactly as the book describes and I truly felt I was “Risk Free” trading. One other game was pretty much along the lines of instructions, but the other eight games left me wavering between frustration and worry.
Without wishing to give the rules away, the idea is that once the game has settled down you place your first bet and then quickly prepare a trade out bet. You only place this second bet if a certain scenario looks to be developing. The book does acknowledge that there are delays on T.V. broadcasts and that you should keep them in mind. They say that terrestrial broadcasts are fastest followed by satellite, not much football on terrestrial channels these days and I’m not sure how “Freeview” type signals work speedwise. You also have the five second delay in bet placement to contend with. The book says that you should use a betbot to minimise this delay, it would have been better if they mentioned this on the sales page as betbots have to be bought/subscribed to at a further expense.
The main failing of the system is that I have found that the prices do not move in the manner the book describes until well into the game. To give you an exact example is tough without revealing the rules but I’ll give an outline of what I have found during the first hour of play. I place my first bet once the game is in-play and the market has settled down, I then prepare a trade out bet at the level advised in the book. I watch the game and wait for a certain situation to arise, I then press the “place bet” button. Now according to the book the market has always moved in a set direction and that because of this fact my trade out will be matched and lock in the Risk Free profit. The trouble is the market is nowhere near that predictable and in most games I had the trade out bet unmatched for a while and when it did match I found myself at break even and not in profit. I repeated this method several times during each game and found the same thing happening over and over. The only points at which I made any profit were either once a goal was scored or after sixty-seventy minutes of a tight game and you do not need to buy a system to know that prices change after goals and towards the end of games.
I experimented with £10 stakes to keep any losses low and to be fair I did not lose my stake during any of the games I tried this out on, but I did have some lengthy periods of unmatched bets. One game in particular comes to mind. Going solely on odds there was a very clear favourite and underdog situation. I placed the bet, watched and waited. It was a fairly even game with very few clear cut chances. I placed the trade out bet as a situation threatened around the fifteen minute mark. The bet sat there unmatched until nearly the hour mark. This was the longest period I experienced but it was a scenario that kept repeating on most of the games I tried. The example given in the book used £1000 stakes and I had trouble getting £10 matched in some games so it would take much longer and be much more stressful at that high a level.
As stated at the beginning of this review, I was quite excited about this when I first read it as it made a nice change from the “lay the draw then back it after a goal” rubbish that we see all too much of, but I’m afraid it just does not work as well in reality as the theory would lead you to expect. When my findings are weighed up against the extremely high purchase price of this system, I feel unable to recommend buying it.
I really don’t think the name Risk Free helps matters. I’m fairly sure that anyone inclined to read this sort of blog will agree that there is ALWAYS an element of risk in betting in any form whether backing, laying or trading. As stated I did not lose my stake during any of the games but it was exposed to significant risk whilst my trade out bet remained unmatched and the game continued. One freak deflection, goalkeeper error or dodgy decision could cause prices to shift the wrong way and lengthen the time your money is in peril.
If the tight game I outlined above were played out at the staking level used in the book’s examples, it could have meant being exposed to around £7500 of liability, if the lay part was matched but the back part was left hanging unmatched, for about fifty minutes. Granted this would have to be seen as a worse case scenario, but it must be taken into account as possible. As it turned out, no money was lost and a small profit made but it certainly would not feel risk free.
You can get Risk Free Football here: