29th July 2008

Good to see the new "Lay/Back System Test" had another lay winner yesterday taking us a bit further into profit.

I have put the session file up this morning for GHB owners who want to try the selections. I will also update the excel spreadsheet once a week showing the results. You can find all the details under the Lay/Back system test below.

Yesterday we started talking about finding value and that we have to look for opportunities that are missed by other punters and tipsters.

The best way to actually do this is to come up with your own rating system, based on the information available about the runners.

The Racing Post have their own rating system called RPR and Adrian Massey also has a rating system which he feels is the best betting propositions.

Of course you could easily use one of theirs or even use something like RaceExpert
http://www.horseracingsystemsuk.com/review-racexpert.htm

To find the potential selections.

The problem with using some of these sites is that there are also plenty of other punters using them, so it is unlikely that you will find value just using the ratings.

The trick really is to specialise in a certain area. This could be a certain type of race like Handicap or Maidens. It could be only certain courses or even AW races only. It could be a mixture of all of these. But the more you specialise the more likely you are to find value, because you will see things other's have missed.

Now as a "System" type of guy, I will be the first to admit that finding value and searching through form is not my idea as a great deal of fun, but that doesn't mean that I don't dismiss it out of hand. In fact I see it part of my education to becoming even more successful at making money from racing.

Anyway getting back to the "lesson" the first thing is to be specific and choose and area that you are going to concentrate on.

Lay/Back System Test ("Started 23/07/2008")

There are two types of selections here. The first is a lay tip as long as the price is under 2.00 and the second is a back tip as long as the price is 2.00 or above.

There is one thing to think about here. If a lay selection goes to 2.00 or above you could decide to back it instead and the same goes for a back selection dropping below 2.00 you could then lay this. It's probably best to back/lay these near to the "off". We are not using a staking plan at the moment, just level stakes to see what happens.

If you want you can download the selections (Mon to Fri) directly into GHB using the session/server tips option. The URL is here.
http://www.greyhorsebot.co.uk/session4.xml

The session file is set as lay, odds between 1.03 and 1.99 and 2.00 stake, but you should use your own option settings.

I will also upload a spreadsheet once a week with the latest results here.
http://www.greyhorsebot.co.uk/lay-back-results.xls

Lay (Only if under 2.00)
Yesterday's.
14.45 Southwell, Night Of Fortune EP 1.52 2nd 9/4

Today's
19.10 Perth, Rory Boy EP 1.71

Back (Only if over 2.00)
Yesterday's.
No selection yesterday.

Today's
20.20 Worcester, Barneys Mate EP 2.2

Guest Selection ("An Idea I want to try")

This is a new lay test started 22/07/2008
No bet if a significant NR (10% or over reduction factor).

Yesterday.
14.45 Southwell, Shampagne EP 7.2 1st 17/2, this is definatly and idea that isn't working at the moment! So we will drop this for the time being and think of something else to try.

Sponsors of the day ("Products and Tips for you to look at.")

Sponsor product of the day (please take a look you never Know!)
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Sponsor Tip of the day.

http://www.grays-lays.co.uk/

On to today after some careful consideration we have selected 1530 Goodwood Infalliable. There were three others to consider for the next selection and they were 1620 Beverley Trip The Light 1640 Goodwood Milne Graden and finally 1655 Beverley Steel Cut. We have selected the last one Steel cut.

So the new Lay system is:-
1530 GoodwoodInfalliable 1655 BeverleySteel Cut.

The backs are
1750 Goodwood Magaling Betfair price 3.7
1815 Worcester Black Anshan Betfair price 2.02.

http://www.grays-lays.co.uk/

Best Lay of the Day ("1 Lay a day from my Lay betting System")

Yesterday.
18.40 Wind, Indy Driver 5th 11/4f

Today: 17.30 Bev, Gulf Coast

Please Note: The lay betting system is actually 4 systems in 1 and I will choose one of the selections for this tip.

You can purchase the system formula:
http://www.makeyourhorseracingpay.co.uk

Please Note: I do not keep records of this tip, I just want to show readers how good it can be but part of learning should be to watch what a selection does daily.

You can also have this tip delivered as content to your own website.
Click here to find out more.

Back test system ( "A 'back' system that I came up with a while ago")

This system is available as part of The Pro Betting Systems e-book.
http://www.horseracingsystemsuk.com/go_pbs.htm

As a new idea I am going to start a more aggressive staking plan trial and stick more closely to the CashMaster idea.

Please Note: This is a trial. Please do not attempt to run a staking plan unless you understand exactly what you are getting yourself into.

New Trial Started 21/07/2008.
Start Bank £500.00
Bank Now: £265.58
We will use 5% of our current bank as our base stake (divided by the odds we get) and we will use the CashMaster system to get back loses except when the selections price at betfair is under 2.00. All winnings will be calculated -5% betfair charge. If a runner is under 2.00 and we are recovering loses then we prospone the staking plan and stake the whole 5% stake.

Yesterday. (Loss amount so far 234.42)
19:40, Wind, Orange Pip EP 2.96 (Stake 87.64) 8th 8/11

Today. 14:50, Gdwd, Conduit EP 1.7 (Because the selection is under 2.00 we are only using our normal £25 stake)


Remember this is just a test and we are paper testing "backing" these selections.

 "The Deadly Sins of Gambling" (make sure you check these out)
If you need help about anything please go to my support site.
If you haven't joined Betfair yet then when you do enter the code 7TUN3TCFP this will also give you £20 when you have reached 50 betfair points.

You can automate your betting with GHB.
http://www.greyhorsebot.co.uk/

Please tell your friends about this daily tip and pass on my URL

http://www.horseracingsystemsuk.com

Have a good days racing.

Malcolm

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