Professor’s Formula Month #3 – Better But…

I really liked the sound of the Professor’s Formula when I kicked off a trial back in February.

I mean, who wouldn’t?

The sales page talks about it being run by a “selective tipster” and being focussed solely on Betfair SP-based betting. It was all right up my street.

Unfortunately, however, the first two months were very tough indeed. I don’t want to go over it all again now — it’s just too painful — but, if you must, well, take a look at this.

Still, I’d only put on 71 bets so there was a long way to go.

So… did month #3 bring a much-needed reprieve?

Read on to find out…

(If however, you’d unfamiliar with the Professor’s Formula, you may prefer to have a look ay my opening article and earlier progress reports before proceeding).

Professor's Formula
Professor’s Formula

Glory be, we finally had a profitable month.

Admittedly, we banked just 4.5 points but any profit makes a refreshing change after what I’ve been through.

I’m betting at £10 a point and using a £1,000 bank. All selections are entered at Betfair SP with a 5% deduction being made for the commission on winning bets.

The month #3 summary certainly doesn’t represent the single greatest performance in the history of my site but hey, it’s still a move in the right direction:

Month 3 Performance at Betfair SP Complete trial
Profit £44.16
New Bank £304.81
%age bank Growth 16.94%
Wins(races w/ profit) 9
Bets 23
Strike rate 39.13%
ROI 8.33%

Unfortunately, there remains a hell of a long way to go.

To give you an idea of just how far, look at the performance chart. The month #3 upturn appears in the red circle:

Professor's Formula - Performance
Professor’s Formula – Performance

You can probably see now why I’m not getting too excited just yet.

The fact remains, I’ve lost almost 70% of my original betting bank. And I can’t imagine what I’d be saying if I was also paying for the service.

The headline figures for the trial as a whole remain resolutely dismal:

Whole Trial – All bets placed at Betfair SP Complete trial
Profit -£695.20
New Bank £304.81
%age bank Growth -69.52%
Wins(races w/ profit) 24
Bets 94
Strike rate 25.53%
ROI -33.75%

Summary

I usually include the full results for the latest month within my progress reports. But, in this case, I can’t really see the point.

Any chance that the Professor’s Formula might finish in the black seems to have disappeared long since.

You can review the full results log, if you must, by clicking here.

As for me: well, I’ll be back when I get to the 150 bet mark – or when my bank balance is wiped out, whichever happens first.

And if for some mysterious reason, you’d still like to find out more about this product, you can do so here.

Lucy

ps Why not get a copy of my free PDF on making £1000 a month from betting? It’s easy to understand, even if you’re a novice, and you can get free copy now just by clicking here!

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