If there is one issue that unites all punters, it’s the thorny one of bookmakers closing their accounts.
Yes, there are sensible steps you can take to try to protect them– but even then some bookies just seem to do irrational things, including closing accounts that have only just opened.
Perhaps unsurprisingly therefore, the one thing I am constantly asked by readers is whether or not I can recommend a service that makes money at the exchange.
Even better, one that does so at Betfair Starting Prices.
Finding one would mean you could simply throw on your bets any time before the racing starts, not even check the price you’re getting, and then trust the market to come up with odds that deliver a long-term profit.
Seriously, does such a thing even exist?
Well, I’m pleased to be able to say that today, at last, I’m able to show you a set of results that suggests the answer may indeed be yes.
Welcome to the conclusion of my trial of Each Way Winners…
This has certainly been an eventful trial.
Things got off to such a poor start that my triallist Leslie bailed out after six weeks.
I therefore decided to pick the thing up myself but must confess to doing so with reluctance.
Imagine my surprise then when I banked over sixty points in month #2.
Interestingly, by this point, it was also becoming clear that the best way to use this service was simply to back the selections at Betfair SP, as doing so had delivered a remarkable 56 points’ profit from 137 bets, even after allowing for 5% winner’s commission.
I decided though that I had to get the bottom of whether this was supposed to be a bookie-only or Betfair-based service – and finally did so in months #3 and #4.
You can read about how the mystery was resolved in favour of Betfair here: the clue being a place dropped by the bookies, but not by the exchange, following a couple of non-runners.
Since then, I have only followed the service at Betfair SP, putting on two single-point bets for each selection: one in the win market and a second in the place. And I haven’t regretted my decision for a moment.
The top-level performance statistics show why. I have been betting at £2 a point and deducting 5% commission from all winning bets.
|Each Way Winners – Whole Trial||Betfair SP|
|New Bank||£ 450.01|
|%age bank Growth||125.01%|
|Wins(races w/ profit)||113|
|Strike rate(races w/ profit)||28.18%|
|Minimum Bank Balance||£146.53|
|Maximum Bank Balance||£470.52|
No, that isn’t a misprint.
125 points at Betfair SP from 401 bets after 5% commission.
Frankly, I’m still not sure quite what to make of it.
It is an amazing outcome. No other trial I have ever run comes close to a result like that.
The full results log is available for download here.
It covers the period from 19 May to 5th December 2016, with short breaks in August and October for my holidays.
I simply have to award a Pass mark to this product. It has just done something I have never seen in five and a half years of testing betting systems.
So that’s it then… conclusion finished?
Well, no. Because I do have to sound a note of caution.
Just look carefully at the performance graph… remembering again, that this is performance at Betfair SP, based on £2 a point level stakes.
Now I’d like you to zoom in at the left-hand end of the graph.
Not quite so impressive, is it?
You see, this little section, which, if you are like me, you hardly noticed in the graphic above, represents a heartbreaking, peak-to-trough drawdown of 84.83 points.
Ask yourself honestly: do you really think you could cope with that?
My bank balance of 100 points lived with it.
But my triallist Leslie couldn’t.
Now, I have passed Each Way Winners. I just have to. And I intend to press on with it, betting at Betfair SP.
Because I think it’s a hugely profitable service… provided you have an iron constitution.
But it’s clearly not for everyone. And only you can decide if it’s for you.
If you’d like to get involved, you can do so here.