Racing systems, dear reader, often remind me of Spaghetti Westerns. There are so many cowboys out there looking for A Fistful of Dollars, and most will try to flog another product For A Few Dollars More. That's why I try to help by picking out The Good, The Bad and the Ugly of horse racing systems... (with apologies to Clint Eastwood).
After the bad Betfair Loophole, and the ugly Lay51 Operation, I'm pleased to report on a good system for a change.
To recap, Favourites Phenomenon (FP) is a Stop At A Winner system. This means that you have a target profit for the day, and you stop once you've achieved it. There is nothing new in this approach, but most systems predicated on such a methodology are too open-ended, meaning that the risk exposure becomes something for hedge fund traders or those of very stern constitution only.
FP acknowledges that different users will be at different points on the racing learning curve, and also will have different appetites to risk. Sensibly, then, the system comes with three different staking plans - or levels - to appeal to beginners, intermediate and professionals alike.
The staking plan has two elements to it that ensure a user will never get out of his or her comfort zone / depth, and will never be chasing in vain.
However, the flip side of 'stop loss' points is that it does mean that occasionally you have to take a hit. How occasionally depends on the level you play at. It is recommended - quite rightly, in my opinion - that when you choose a level, you should stay at that level for a good period of time (say three months) before changing. Chopping and changing is not a good strategy, and could find you out.
Banks are recommended with a number of points commensurate to the level of risk you are prepared to accommodate. This means that, as long as you remain disciplined, you should continue to grow your bank little by little.
What this is not, is a system that will give you the possibility of bragging about regular big priced winners.
What it is, is a system that will provide consistent unit increments to your bank, and give you (very) regular winning days. This is offset by the fact that losing days will cost you more than a unit, but never more than the threshold that you've decided upon.
Moreover, sometimes there may be a no bet day. This is easy to work out, as is the amount to stake on each qualifier, because the system comes with a spreadsheet to do the number crunching for you.
Simply enter your profit target, and the likely odds of each qualifier (based on betfair prices), and the spreadie will tell you your maximum liability for your level. If the likely odds breach your max, keep your wonger in your wallet and wait for tomowwow!
I've tracked it since Sunday, and I've comfortably made my target each day. In fact, the biggest worry I had was on that Sunday, when I had to wait until qualifying race 6 to collect.
If I'd be playing at Level 1, I'd have actually had a losing day there at a cost of £45 (to win my target of £10). Subsequently, throughout the week, I'd have won my other five days with no worries and be showing a profit on the week.
Today, incidentally, the target was reached on the very first race.
At Levels 2 or 3, I'd have been £60 up to this point.
Another thing to note about FP is that you need to be tracking the racing to do this. If, like most people, you have to work during the day, you have three options:
1. Only use the system at weekends
2. Use the system in the evenings
3. Use 'bot software to place your bets for you
It should be said that the author, Matt Watson, has no stats for the evening racing. But, from a position of logic, and also tracking the results this week, there's no reason why this shouldn't be equally effective (it's just that Matt doesn't have the data to support this).
On point 3, Matt is having his own software developed which will automate as much of the (very simple) process as possible.
In summary, I'm not surprised that this has performed well this week, as losing weeks are rare with such a methodology if applied with discipline and patience. It isn't an exciting system (if you want one of those then TrainerFlatStats is for you!), but it is a consistent profit nicker.
I've seen the results since 2006, and they're impressive:
2006 212 points
2007 333 points
2008 88 points (to end April)
Total 633 points
These are credible substantiated results that you can actually independently check for yourself (once you're signed up, Matt will show you how).
I'm giving this system a 9 out of 10 rating. I may upgrade that in due course, when I've used it more myself.
It is simple; has a proven track record (independently verifiable); has a money back guarantee; and the author provides excellent customer service.
It's basically a system that I'd be proud to market as my own, and have no hesitation in recommending it to you.
Go get yourself a copy now!
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I've today been reacquainted with pain, as a long made promise to myself was fulfilled. Yes, I was seen tootling along Bond Street this afternoon, prior to popping into Selfridges.
Where's the pain there? Well, I was visiting my girlfriend's cousin Flan, who is the tattoo man there. And I now have a marvellous galloping horse silhouette emblazoned on my left arm. Once the redness has dissipated I may post a picture of it on here. Then again, I may not...!
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As promised, I've been tracking the Betfair Kingpin system today, albeit briefly.
The truth is that I followed it for two races, and in one of them I found the winner at 7/2! But, man, is there a lot of faff associated with it. I had to check my trading position a few times prior to the off, and I was trying to do a number of races in the same time frame. I'd planned to track all the racing this afternoon but I gave up.
It might be ok, but it's bloody hard to follow! To be honest, I doubt that the tiny sample of two races which showed a profit will be scaled up over time. And, although I've been offered generous enough terms to promote this, I won't be.
You can check it out here, if you'd like to.
http://www.betfairkingpin.com
Be wary of the promises of discounts, early adopter bonuses (which will be available to all buyers I imagine), and limited numbers for sale: believe it or not, these are tactics used to try to get you to part with your money...! ;o)
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Tomorrow sees some Irish Classic action, and I'll keep it brief. Barring a deluge, Henry beats New Approach, with nothing except the unexposed Jupiter Pluvius of any concern.
Elsewhere, further down the equine talent leagues, they race at dear old Beverley (to be renamed Bev-gravy: yes, I know its not clever or catchy, but it has been true thus far this season!)
The favourite has the worst draw in the opening juvenile maiden, and looks lay material (at 5/2 or shorter).
The fields are very small thereafter, so it would be remiss to get too carried away, and I can't really find anything to whet my whistle on.
Low at Catterick on fast ground is also a good call in the sprints. In the 2.45, a maiden for serial losers, Messrs Parr and Barr may have the winner between their respective entrants: Bishopbriggs and Kyzer Chief. But minimum stakes only here, as it's a truly dire affair.
Recent Times looks the answer in the 4.20, but these are maiden fillies, so again caution is advised.
For me though, it's all about Henrythenavigator, unless rain threatens play.
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Just time for a bit of Friday Fun, care of my TFS email man, Kev. They may or may not be apocryphal, but they're funny nevertheless!
After every flight, Qantas pilots fill out a form, called a 'gripe sheet', which tells mechanics about problems with the aircraft. The mechanics
correct the problems & document their repairs on the form, and then pilots
review the gripe sheets before the next flight. Never let it be said that ground crews lack a sense of humour.
Here are some actual maintenance complaints submitted by Qantas' pilots (marked with a P) and the solutions
recorded (marked with an S) by maintenance engineers.
By the way, Qantas isthe only major airline that has never had an accident.
P: Left inside main tyre almost needs replacement
S: Almost replaced left inside main tyre.
P: Test flight OK, except auto-land very rough.
S: Auto-land not installed on this aircraft.
P: Something loose in cockpit.
S: Something tightened in cockpit.
P: Dead bugs on windshield.
S: Live bugs on back-order.
P: Autopilot in altitude-hold mode produces a 200 feet per minute descent.
S: Cannot reproduce problem on ground.
P: Evidence of leak on right main landing gear.
S: Evidence removed.
P: DME volume unbelievably loud.
S: DME volume set to more believable level.
P: Friction locks cause throttle levers to stick.
S: That's what they're for.
P: IFF inoperative.
S: IFF always inoperative in OFF mode.
P: Suspected crack in windshield.
S: Suspect you're right.
P: Number 3 engine missing.
S: Engine found on right wing after brief search.
P: Aircraft handles funny.
S: Aircraft warned to straighten up, fly right, and be serious.
P: Target radar hums.
S: Reprogrammed target radar with lyrics.
P: Mouse in cockpit.
S: Cat installed.
P: Noise coming from under instrument panel. Sounds like a midget pounding on something with a hammer.
S: Took hammer away from midget
That's it from me for today. Get hold of FP, if you haven't already, and have yourself a steady and lucrative Bank Holiday weekend!
Matt