The test of the Tyche Windfall and Chrysos System was announced as a long-term test way back in January 2010. Well one year on, I think I can claim that I gave the system a thorough test. How many tests do you actually see on review websites that last anything like as long?
Let’s remind ourselves of what I said when I introduced the long-term test….
Another product from the same stable as Winners To Losers, TAPS (The Alternative Punters Syndicate) brings us the strangely named Tyche Windfall.
The Tyche Windfall system is a backing system and arrives as a protected eBook containing easy to follow instructions. The criteria are fairly straightforward and can be checked in about 15 minutes using the Racing Post web site. For those who want to take the pain out of the selection process, there is an associated email service where the tips are sent to you on a daily basis.
If you subscribe to the associated email service, then you also receive selections for another backing system called the Chrysos System – the details of which have never been published.
Staking can be done at level stakes, or using a progressive plan. The recommended method is the progressive plan with the initial stake set at 4% of the daily starting bank. Stakes are ratcheted, so do not decrease on a loss.
Both tests were conducted with a £500 starting bank and employed the progressive staking plan.
12 months on, the tests produced the following results:
Tyche Windfall
No. of bets: 280 (+20 non-runners)
No. of winners: 94
Strike rate: 34%
Start bank: £500.00
End bank: £1075.59
Profit: £575.59
Bank increase: 115.1%
ROI: 5.9%
Highest bank: £1592.97
Lowest bank: £355.31
Chrysos System
No. of bets: 256 (+7 non-runners)
No. of winners: 78
Strike rate: 30%
Start bank: £500.00
End bank: £683.31
Profit: £183.31
Bank increase: 36.7%
ROI: 3.1%
Highest bank: £813.71
Lowest bank: £78.99
As you can see, both systems produced a profit over the lifetime of the test, but it is clear that you have to have patience and the ability to deal with long sequences of losers, as the bank can drop to perilously low levels. However, faith in the systems was ultimately rewarded with a decent return on investment.
Remember, the Chrysos System only comes as a bonus system to the subscribers to the email service, but you have to balance the increased profitability against the costs of subscribing to the service. At the time of writing this is pretty much break-even. However, the email service does come with the added advantage of removing the effort involved in finding the selections every day!
The email service is run very efficiently and professionally. The guys at TAPS have consistently delivered the daily emails on time and without missing a beat. Any questions you might have are dealt with switftly; overall customer service is very good.
Based on my experiences to date, I would give these systems a definite thumbs up and add them to the APPROVED category.
You can get Tyche Windfall here:
https://www.cash-master.com/tychewindfall.php
UPDATE July 2011
Six months on from our review of this system and things are looking even better. This is another system that clearly works well over the long haul, as it did during our initial twelve month test.
If you remember, The Tyche Windfall system made a profit of £575.59 from a £500 starting bank (115% return), and the bonus Chrysos system made a profit of £183.31 (37% return).
Well this year it’s been performing even better, having already made £1,378 profit (again with a starting bank of £500 at the start of this year), and Chrysos has made £385.
Of course had you started with a £1000 bank or more, these profits are very noticable.
So this system is definitely staying in the Approved category.
You can get Tyche Windfall here:
https://www.cash-master.com/tychewindfall.php
