This is a backing service that targets decent priced horses to win and place on Betfair.
The idea is that the selections represent value as the market is generally unaware of the true chance of the horse winning and therefore prices are often larger than industry starting prices.
As we all know, so long as we are getting value bets, we will profit in the long term.
Tips are sent by e-mail late morning and the advice is to bet to level stakes with 30% going on the selection to win, and 70% on it to place. This provides a steady bank growth as many that do not win, do make the place.
We’ve made a little progress since my last update on this one but still nothing like the spectacular gains made in the second half of last year. It’s a slow burner this one so I’m going to run the test for a full twelve months to see if it replicates last years success.
The profit since Jan 1st is £705 including Betfair 5% commission charge using the recommended staking plan of 70% place and 30% win to a stake of £100.
But the profit since launch on May 1st 2014 is £26,020 which is impressive.
However, I’m sure many would be uncomfortable betting £100 stakes so only 7 points profit in the last six months isn’t up to much.
Let’s see how it does for the remainder of the year, but for now I’m going to put this in the Neutral category.
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