12th August 2009

Finally got a win lay yesterday with Mt Kintyre who went off at 5/4 and came 8th out of 9.

Today I am looking at two possible selections..
14.20 Yarmouth, Italian Tom
19.30 Hamilton, Freman

Both are a little high at the moment at around 2.88 I will see if they come down to nearer 2.5 later in the day.

----------------------

Well after all the e-mails I had yesterday regarding how much you would pay for the system that produced these results.
http://www.horseracingsystemsuk.com/results-cyobs.htm

I would be able to make quite a bit of money today!

It was really interesting to see the range of prices offered and I really appreciate your honesty on this.

Now what I am about to say may offend some people but it really isn't my intention. I want to make a point and yesterday proved that I am correct in my assumptions.

From all the e-mails I got only a few questioned or commented on the actual results, many of you just looked at the "bottom line" and presumed an easy way to make money and what is worse, a few people seemed were very serious about paying me an awful lot of money.

Ok I know some of you were kidding and probably wouldn't hand me £200 based on the results chart but I can tell you from watching other "system sellers" in this industry that it does happen and far to frequently.

I didn't lie about the results they were actually from a back tested system and confirmed on Porform as well but I have hardly tested them at all live, although I am watching them . There was a selection yesterday and it came in within the price range but lost.

Anyway here is one email that was sent to me yesterday...

"Firstly, to answer your question, No, I would not be interested in the system. The reasons are are follows."

MAL - The sender wants to remain anonymous but he makes some valid points.

"(1) From 1st Jan 2007 to end of May 2007, it didn't make any money. Neither did it make any money from mid-July last year until mid-July this year. Putting effort into this system for a whole year without return does not represent good value to me, and would certainly have put me off using the system. Consequently, it would also have put me off buying any further systems from you. "

MAL - Now how many of you saw that?
If you had purchased this system you would have given up after a couple of months.

"(2) I only use betting exchanges and I notice you haven't deducted any commission from the results, so the profit quoted would be less impressive. And of course, during the periods mentioned above, the system would have made a loss."

MAL - I did argue this wasn't really a valid point as you could get the prices from the bookies and watching the prices on Betfair they tend to be higher than the 5% commission you would have to pay.

"(3) Its not clear whether the selections/results have been proofed in live racing, or generated from historical data. The majority of system developers fall into the trap of creating systems based on historical data, and assume its success will carry on likewise into the future. "

MAL - Very good point and I have already mentioned that this is exactly what I did, although unlike many "System Developers" I did use two sources to confirm the data.

"(4) Most systems use the Racingpost website, which is now an additional expense that cuts into potential profits. So if this system used RP, I wouldn't be interested. Sorry for the negative reply. I do recognise though that the bank grew by about 3000% between May'07 and May'08, but that may have been the period for which the rules of the system were tuned for maximum return. Really I prefer to see more consistent return over time. "

MAL - The system can use any source although I have only had to pay RP £7.50 a month for the information I need for most of my systems.

Anyway thanks for the email and I appreciate the feedback and honesty.

So I wonder how much you think the system is worth now?

And I hope you appreciate my honesty...lol

More tomorrow...

------

Ever had that problem where you want to paste the odds into a spreadsheet from a web page but excel formats them to a date?
A quick solution from me...
http://www.youtube.com/watch?v=bC6iMYwZQh8

|Don't forget to follow me on twitter...

http://twitter.com/bluebelldata

Yesterday's.
15:30 Ling, Amtaar 2nd 9/1
18:40 Muss, Mercers Row 3rd 9/1
20:10 Muss, Doric Echo 5th 14/1

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

Yesterday.
No Nap

Today: 16.50 Bev, Upton Seas

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

Yesterday.
: 6:55 Nott, Dorback 6th 8/11

Today: No Selection.
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

Click Here to search.

Click Here to search.

My Daily Tips

Sitemap

Betting Tools