As the site has grown, so has the volume of email I receive, and the amount of time it takes me to reply to everyone.
And although I do love receiving your messages, I often get asked the same questions over and over again.
So, before you drop me a line, please have a quick look through the following list of FAQs to see if your question is already answered here.
1. What is SkewTrader Pro?
Skewtrader Pro is a system that I wrote that allows you to trade the horse racing markets before the off. It contains a range of strategies, all based on a single principle that exploits a loophole in the betting markets.
Some of the strategies are no riskier than standard arbitrage, whereas others take a few more chances but also provide the scope for greater reward. You can read it more about it here.
2. Why is it so rarely on sale?
I have family and work commitments, and find that by restricting sales I am able to balance them with the need to support system users.
I do try to give a lot of help to new members when they join, but obviously can only do this if I have other aspects of my life under control at the same time. I therefore tend to release the product for short periods and induct a batch of new entrants all at once.
>>> To be added to my no-obligation waiting list, simply leave a comment below or click here to mail me @ firstname.lastname@example.org! <<<
3. Which betting systems do you personally use?
I assume this question refers not to systems undergoing a trial, but the ones I use every day.
- Lucrative’s Place Betting service
- Total Football Trading
- Lay Lucy Lay
- (Time permitting) – Pre Match Trading
I do use real money on systems I’m trialling, but of course I keep the stakes low. I’m a firm believer that paper trading is a waste of time, as you learn nothing about the day to day experience of living with the system.
4. What is my favourite backing / laying / trading system?
Very hard question to answer definitively. I honestly don’t think I have one, as I am a big believer in portfolio betting.
I did attempt a better answer than this in response to comments received at the foot of my article, “What is a winning system?”.
5. What does BOG mean?
BOG stands for Best Odds Guaranteed.
It’s a valuable feature of a lot of bookmaker sites whereby you are guaranteed the longer of the odds you took at bet placement time and the industry starting price.
It gives you insurance against drifting odds, by ensuring you don’t get penalised for taking an early price. The bookmakers offer it to encourage you to commit to a bet now instead of putting the moment off – and maybe never betting at all!
6. What does ROI mean?
How best to define ROI is an old argument that flares up every few months on my site! It stands for Return On Investment.
ROI, in betting circles, is usually defined as the amount returned expressed as a percentage of the total amount of cash risked – which can make trading and laying systems appear far less profitable than backing.
However, quite a few of my readers look at ROI in a different way. For instance, regular reviewers Judith and Lee define it in their articles as total bank growth expressed as a percentage of the original betting bank.
The former definition is the ‘betting industry standard'; the latter what you might call the ‘investment fund view’.
I’d be very surprised if anyone investing a lump sum in an Invesco Perpetual trust fund saw ROI in any way different from Judith and Lee.
I tend to sit on the fence with this one.
The first definition (the betting industry standard) seems most helpful when comparing “per bet”; the latter more useful when comparing per strategy (as inevitably you are prepared to use bigger stakes when using trading and high strike rate systems; meaning that overall bank growth becomes a better yardstick).
Both definitions miss the time value of money (I have often seen ROI’s of betting systems compared with building society accounts without reference to the annual dimension of the latter’s returns), and also strike rate (which is as important in my view).
7. Can I send you money so you can invest it on my behalf?
No, absolutely not.
I have been asked this a surprising number of times!
If anybody suggests to you that they operate their services in this way, please walk away very quickly.
I can give you the address of at least one website that does work in this manner, and it strikes me as wide open to exploitation and fraud.
8. Why has my bookmaker limited my account?
The most obvious reason is you are making too much money too quickly. However there can be a lot more to it than this. For instance, I have several readers who have had accounts limited whilst actually losing money.
Please see this article and the comments at the end for advice and guidance.
9. I’ve found this amazing arb paying 25%! Should I bet on it?
Or at least, not until you’ve read my article about how to live with bookmakers’ palpable error clauses.
10. Please tell me what you think of New system X before I buy it.
I’m constantly amazed at the number of different systems there are in the market. But if I haven’t already trialled it on my site, the chances are I know nothing about it.
However, do feel free to ask me to try and get a hold of a copy for review, especially if you are prepared to be the triallist yourself. In which case I will write to the system provider and request a live trial.
Obviously it’s up to them as to whether they agree. Some are (perhaps understandably) nervous about the idea.
11. Do you get your systems for free, or do you pay for them?
I get them for free.
I just ask the system providers if they would like to have a trial of their product on my site, and if so, they send it over.
12. I can’t be bothered reading all this, please just tell me what is the quickest way of making X pounds / getting a deposit for my new house/car/whatever?
There is a Passed Systems folder on the site, so you could do worse than read through it.
However, it’s not all about finding The Best Winning System. You should adopt a risk-averse portfolio-based approach, such as the one proposed in my free Rollingstone manual. It will help you balance risk and reward, and deal with losing runs effectively.
13. Please will you test my system for me?
I’m happy to have a look at it, and if I think it’s got potential value for my readers, then yes, I will.
Obviously, I can’t promise to test absolutely everything that everybody sends me. The most important thing for me is to identify whether it’s likely to help people who use my site.
But yes, feel free to send it over and I’ll give you my honest first impressions.
Naturally, anything you send me will be handled in complete confidence.
14. Please can I subscribe to your Lay Lucy Lay service?
Unfortunately not, because I closed it down.
I found running the thread very stressful, even though it went very well.
Maybe I’m just not cut out to be a tipster!?
15. How can you be impartial when you use affiliate links?
The site openly uses affiliate links, however this doesn’t mean my opinion is ever up for sale.
I see the (modest) affiliate returns as a small reward for helping a customer make a good decision. I believe it’s unrealistic to write and run a site of this size (some 1,400 pages or more, at October 2015) without some form of financial support, as quite simply Lay Back And Get Rich now completely dominates my daily life.
The alternative would be to fund the site via advertising, which I believe would make for an extremely cluttered read, with many ads on every high-traffic page. I find such sites distracting and hard to follow.
Ultimately, the website is an enthusiast site, and I trust this shines through in the quality and enthusiasm of the writing.
I am regularly approached by advertisers and product promoters who want to access the high traffic levels Lay Back now receives. I take this to mean I’m doing something right!
16. Why haven’t you approved my comment?
All first time comments have to be approved by me before they appear on the site. Once I have approved the first one, you are free to add more without moderation.
All the usual principles of respect and decent behaviour apply, so if I feel somebody is being rude and offensive in any way, I will bar them.
I do allow people to post relevant links to other sites or products, provided they have already contributed constructively to the debate.
However if your first contribution is simply to promote some product or other, I probably won’t approve it.
17. My question isn’t covered by your FAQ list!
Then, please send me an email at email@example.com, and I’ll do my best to send you a reply soon.