December 6, 2016

Each Way Winners Review

Lay Back & Get Rich betting system review

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 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 – 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
Profit £ 250.01
Profit (pts) 125.01
New Bank £ 450.01
   
%age bank Growth 125.01%
Wins(races w/ profit) 113
Bets 401
Strike rate(races w/ profit) 28.18%
ROI 15.59%
   
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.

125 points.

At BSP.

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.

Summary

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.

Each Way Winners Performance

Each Way Winners Performance

Impressive, huh?

Now I’d like you to zoom in at the left-hand end of the graph.

This bit…

Each Way Winners

Each Way Winners

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.

The reason?

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.


Update: 15th October 2016

Every trial tells its own story.

Some are dramatic.

Some are non-events.

Quite a lot are absolutely hopeless.

And every now and again, you come across one that’s utterly wonderful. Which is, of course, what keeps me going. 🙂

All of which brings me, in a very round-about way, to today’s trial.

Because Each Way Winners has been different from almost every other product I’ve tested…. and its story has been plain confusing.

However, with 307 bets completed, I think I’ve finally got to the bottom of it, as you will see…

The big question is, when we use this product, are we supposed to be betting at a bookie or at Betfair?

Now you may think the sales page seems clear enough.

It talks about, “placing simple Each Way bets with the bookmakers“.

And anyway, an each-way bet, almost by definition, is a traditional bookie construct: a method explicitly developed by bookmakers to encourage punters to bet on long-shots occasionally.

So I assumed, to start with, that this wasn’t a product I’d want to use at the exchange.

Thing is, however, as the trial progressed, I began to get more confused.

You see, every single day, the tipster quotes the current Betfair price in his messages. He doesn’t mention bookmaker odds.

And of course, by the time I’d got to the end of the second month of the trial, it had become apparent that results at Betfair were far better than equivalent returns at the bookies.

So was Each Way Winners designed for use at the exchange after all?

The mystery was finally solved on 3rd October.

On this day, a horse with the unlikely name of Quetzaltenango finished third in a six runner race and was cheerfully pronounced to be a winning bet in the following day’s email from the tipster.

And this was because there had been two non-runners: i.e. originally, eight horses had been entered: and although Betfair drops the odds of all the remaining horses it crucially sticks with three places.

Bookies, by contrast, drop a place in this instance – so they would not have awarded each-way punters place profits on Quetzaltenango.

It follows that this bet could only have been deemed a winner if you had placed your wager at the exchange.

Bingo!

I conclude therefore that this service is designed primarily for use at the exchange after all!

So perhaps it’s not surprising that that is where Each Way Winners has been performing best.

Results at Betfair SP are far better than those at the ‘advised prices’ included in the morning emails.

I’ve been using a £200 bank and betting at £2 a point. So on every each-way bet, I’ve risked 2 points – or £4.

And I have made a rather wonderful 45 points at Betfair SP. 🙂

Advised Prices Betfair SP
Profit (£ 37.73) £ 91.07
Profit (pts) -18.87 45.54
New Bank £ 162.27 £ 291.07
     
%age bank Growth -18.87% 45.54%
Wins(races w/ profit) 87 86
Bets 307 307
Strike rate(races w/ profit) 28.34% 28.01%
ROI -3.07% 7.42%

Life with the product hasn’t been always been easy however, though the inevitable ups and downs of betting have never seriously endangered my betting bank:

Each Way Winners - Performance @ BSP

Each Way Winners – Performance @ BSP

The complete results log is available for download here.

Summary

Now that I finally know what I’m doing with this product, I’d like to push on for a bit longer, at least until I reach the 400 bet mark.

I am always particularly interested in services that can make money at the exchange: especially where it can be done simply by putting bets on at Betfair SP.

Could the somewhat confusingly named Each Way Winners be a winner at the exchanges?

It would be wonderful to think so.

I’ll be back with my trial conclusion when I get to 400 bets.

Meanwhile you can find out more about Each Way Winners here.


Update: 30th July 2016

Sometimes, and not as often as I might like, you just get lucky in the betting life.

Well, somebody somewhere must be smiling down on me. Because I have quite a story to tell. 🙂

At the beginning of July, I finally published a delayed report on the first month of our Each Way Winners trial.

And my reviewer, Leslie, was pretty fed up because the opening weeks of the trial had delivered a dismal set of results.

The upshot was: Leslie dropped out and, after a two week gap, I took the decision to restart the testing.

So, with the trial now back up and running, we are now two thirds of the way to my minimum 200 bet finishing line.

And things are looking up. 🙂

But.. has Each Way Winners made enough to recover its month #1 losses and move into the black?

I’ll say!

Just look at these figures for July… and remember, I’m betting at just £2 a point.

(Note – Betfair profits allow for 5% winner’s commission).

Month 2 Only Advised Prices Price taken Betfair SP
Profit £ 111.05 £ 122.10 £ 129.92
Profit (pts) 55.53 61.05 64.96
New Bank £ 216.10 £ 245.96 £ 312.45
       
%age bank Growth 55.53% 61.05% 64.96%
Wins(races w/ profit) 19 20 21
Bets 55 55 55
Strike rate(races w/ profit) 34.55% 36.36% 38.18%
ROI 39.10% 42.99% 45.75%

It’s been wonderful.

Add this month’s winnings to the previous period’s losses and you end up with a very handsome net profit for the trial as a whole:

Whole Trial Advised Prices Price taken Betfair SP
Profit £ 16.10 £ 45.96 £ 112.45
Profit (pts) 8.05 22.98 56.23
New Bank £ 216.10 £ 245.96 £ 312.45
       
%age bank Growth 8.05% 22.98% 56.23%
Wins(races w/ profit) 36 38 39
Bets 137 137 137
Strike rate(races w/ profit) 26.28% 27.74% 28.47%
ROI 2.94% 8.39% 20.52%

Unsurprisingly, the complete results log for the period makes for a satisfying read…

Date Time Racecourse Selection  Advised price Price taken Each-Way? BF Win SP BF Place SP Result Profit @ advised price Profit @ price taken Profit @ Betfair SP
01-Jul 16:10 Doncaster Bint Dandy 8.00 5.00 YES 4.50 1.47 LOST (£ 4.00) (£ 4.00) (£ 4.00)
01-Jul 16:40 Doncaster Walk Like A Giant 34.00 34.00 YES 65.00 10.14 LOST (£ 4.00) (£ 4.00) (£ 4.00)
01-Jul 19:15 Beverley Victoire de Lyphar 8.00 12.00 YES 11.97 2.35 LOST (£ 4.00) (£ 4.00) (£ 4.00)
02-Jul 14.00 Sandown Log Out Island 9.00 9.00 YES 10.18 3.8 LOST (£ 4.00) (£ 4.00) (£ 4.00)
02-Jul 14.15 Haydock Lady Of Camelot 9.00 7.00 YES 8.64 2.41 LOST (£ 4.00) (£ 4.00) (£ 4.00)
02-Jul 18.35 Carlisle Right Action 7.00 15.00 YES 18.62 5.80 LOST (£ 4.00) (£ 4.00) (£ 4.00)
03-Jul 14.55 Ayr Henpecked 5.50 4.50 YES 5.10 1.71 LOST (£ 4.00) (£ 4.00) (£ 4.00)
03-Jul 16.00 Ayr Zeshov 10.00 13.00 YES 15.16 4.30 LOST (£ 4.00) (£ 4.00) (£ 4.00)
03-Jul 17.4 Ayr Secret Millionaire 4.50 7.00 YES 8.50 2.36 LOST (£ 4.00) (£ 4.00) (£ 4.00)
04-Jul 19.35 Windsor Bashiba 8.50 9.00 YES 9.42 3.01 WON-EW £ 18.00 £ 19.20 £ 19.82
04-Jul 20.15 Ripon Corton Lad 6.20 6.50 YES 7.18 2.14 LOST (£ 4.00) (£ 4.00) (£ 4.00)
05-Jul 14.25 Wolverhampton Langley Vale 7.50 7.00 YES 6.50 2.72 WON-EW £ 16.25 £ 15.00 £ 13.72
06-Jul 18.15 Kempton Paladin 6.00 9.00 YES 7.11 2.33 LOST (£ 4.00) (£ 4.00) (£ 4.00)
06-Jul 18.45 Kempton Zain Emperor 7.00 5.50 YES 5.96 2.41 LOST (£ 4.00) (£ 4.00) (£ 4.00)
06-Jul 19.15 Kempton Rajar 13.00 15.00 YES 28.58 4.52 WON-EW £ 28.80 £ 33.60 £ 59.09
07-Jul 14.50 Doncaster Act of Freedom 4.50 5.50 YES 5.70 1.49 LOST (£ 4.00) (£ 4.00) (£ 4.00)
07-Jul 15.45 Newmarket A Momentofmadness 17.00 17.00 YES 20.84 6.12 LOST (£ 4.00) (£ 4.00) (£ 4.00)
07-Jul 16.30 Doncaster Bajan Rebel 5.50 5.00 YES 5.40 1.63 LOST (£ 4.00) (£ 4.00) (£ 4.00)
08-Jul 14.05 Newmarket Evergate 7.50 10.00 YES 8.93 2.22 LOST (£ 4.00) (£ 4.00) (£ 4.00)
08-Jul 15.10 Newmarket Eternally 7.00 7.00 YES 5.70 2.39 PLACED £ 1.00 £ 1.00 £ 0.64
08-Jul 16.10 Ascot California 11.00 10.00 YES 10.95 3.40 WON-EW £ 24.00 £ 21.60 £ 23.47
09-Jul 15.15 Ascot Richard Pankhurst 15.00 17.00 YES 22.24 5.91 LOST (£ 4.00) (£ 4.00) (£ 4.00)
09-Jul 15.40 York Mr Singh 8.50 11.00 YES 12.00 3.26 LOST (£ 4.00) (£ 4.00) (£ 4.00)
09-Jul 17.20 York Franca Florio 5.50 7.00 YES 6.60 2.00 WON-EW £ 10.80 £ 14.40 £ 12.54
10-Jul 15.15 Southwell Be On Time 15.00 13.00 YES 23.16 3.15 LOST (£ 4.00) (£ 4.00) (£ 4.00)
10-Jul 16.20 Southwell Mr Mcguiness 6.00 7.00 YES 6.26 1.90 WON-EW £ 12.00 £ 14.40 £ 11.70
11-Jul 16.45 Chelmsford Chella Thriller 8.00 13.00 YES 20.31 4.94 LOST (£ 4.00) (£ 4.00) (£ 4.00)
11-Jul 20.00 Windsor Pacolita 5.00 6.50 YES 7.80 2.48 PLACED (£ 0.40) £ 0.20 £ 0.81
12-Jul 14.50 Beverley Minty Jones 15.00 11.00 YES 8.20 2.55 PLACED £ 3.60 £ 2.00 £ 0.94
12-Jul 16.00 Beverley Daghash 8.00 15.00 YES 16.94 2.72 LOST (£ 4.00) (£ 4.00) (£ 4.00)
12-Jul 16.30 Beverley Relight My Fire 6.00 5.00 YES 6.42 1.94 PLACED £ 0.00 (£ 0.40) (£ 0.21)
13-Jul 16.10 Lingfield Potters Lady Jane 11.00 12.00 YES 15.27 3.80 LOST (£ 4.00) (£ 4.00) (£ 4.00)
13-Jul 17.30 Catterick Chauvelin 6.00 7.00 YES 8.00 2.78 PLACED £ 0.50 £ 1.00 £ 1.38
14-Jul 14.20 Leicester Ashford Island 11.00 11.00 YES 11.50 2.82 LOST (£ 4.00) (£ 4.00) (£ 4.00)
14-Jul 15.25 Leicester Subtle Knife 6.00 12.00 YES 14.00 2.84 WON-EW £ 12.50 £ 27.50 £ 28.20
14-Jul 15.55 Leicester Foible 7.50 13.00 YES 18.74 3.20 LOST (£ 4.00) (£ 4.00) (£ 4.00)
14-Jul 18.10 Epsom Duke of North 8.00 6.00 YES 5.92 2.16 LOST (£ 4.00) (£ 4.00) (£ 4.00)
*17-Jul 13.55 Redcar Andok 16.00 10.00 YES 5.83 2.16 WON-EW £ 36.00 £ 21.60 £ 11.38
17-Jul 15.35 Redcar Kiringa 15.00 11.00 YES 11.00 3.03 PLACED £ 3.60 £ 2.00 £ 1.86
17-Jul 16.45 Redcar Desert Ace 8.00 13.00 YES 11.07 3.95 LOST (£ 4.00) (£ 4.00) (£ 4.00)
17-Jul 17.20 Redcar Nouvelli Dancer 5.00 4.50 YES 5.45 1.99 PLACED (£ 0.40) (£ 0.60) (£ 0.12)
18-Jul 15.40 Ayr Affectionate Lady 7.00 7.00 YES 6.60 2.08 LOST (£ 4.00) (£ 4.00) (£ 4.00)
18-Jul 16.10 Ayr Archie’s Advice 5.00 7.50 YES 5.46 2.00 WON-EW £ 9.60 £ 15.60 £ 10.37
18-Jul 20.40 Beverley Gabrial’s Hope 17.00 15.00 YES 19.04 4.11 WON-EW £ 40.00 £ 35.00 £ 40.19
19-Jul 18.20 Chelmsford Bismarck The Flyer 13.00 29.00 YES 29.14 4.91 LOST (£ 4.00) (£ 4.00) (£ 4.00)
19-Jul 18.50 Chelmsford Steal The Scene 13.00 15.00 YES 19.00 4.00 PLACED £ 2.80 £ 3.60 £ 3.70
19-Jul 19.10 Nottingham Ace Master 26.00 21.00 YES 22.18 5.50 PLACED £ 8.00 £ 6.00 £ 6.55
20-Jul 13.50 Lingfield Northdown 9.50 11.00 YES 10.32 2.64 WON-EW £ 20.40 £ 24.00 £ 20.82
20-Jul 15.50 Lingfield Dalavand 8.00 9.00 YES 8.20 2.77 LOST (£ 4.00) (£ 4.00) (£ 4.00)
21-Jul 15.50 Yarmouth Ginger Charlie 21.00 21.00 YES 38.00 6.00 LOST (£ 4.00) (£ 4.00) (£ 4.00)
21-Jul 17.35 Newbury Nafaath 7.50 7.00 YES 12.79 2.88 LOST (£ 4.00) (£ 4.00) (£ 4.00)
21-Jul 18.35 Newbury Rising Eagle 8.00 7.50 YES 13.50 3.85 LOST (£ 4.00) (£ 4.00) (£ 4.00)
22-Jul 14.30 Thirsk Cheerfull Character 9.00 17.00 YES 24.60 3.75 LOST (£ 4.00) (£ 4.00) (£ 4.00)
22-Jul 15.05 Thirsk Bear Essentials 9.00 9.00 YES 6.60 2.42 LOST (£ 4.00) (£ 4.00) (£ 4.00)
23-Jul 14.25 York Perfect Summer 9.00 13.00 YES 14.00 4.01 LOST (£ 4.00) (£ 4.00) (£ 4.00)
23-Jul 15.30 Newcastle Desktop 9.00 7.00 YES 6.45 2.46 LOST (£ 4.00) (£ 4.00) (£ 4.00)
23-Jul 20.40 Lingfield R Bar Open 6.00 6.00 YES 10.61 2.90 PLACED £ 0.00 £ 0.00 £ 1.61
24-Jul 14.10 Carlisle Local Artist 11.00 9.00 YES 11.12 2.15 LOST (£ 4.00) (£ 4.00) (£ 4.00)
24-Jul 14.40 Carlisle Trick of the Lyte 8.00 17.00 YES 17.50 4.81 PLACED £ 0.80 £ 4.40 £ 5.24
24-Jul 16.35 Pontefract Evangelical 9.00 17.00 YES 44.14 8.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
24-Jul 17.00 Carlisle Knight of the Air 7.50 6.50 YES 8.74 1.89 LOST (£ 4.00) (£ 4.00) (£ 4.00)
25-Jul 18.10 Wolverhampton Elegantly Bound 15.00 13.00 YES 13.05 2.72 PLACED £ 3.60 £ 2.80 £ 1.27
25-Jul 19.10 Wolverhampton Filament of Gold 7.50 6.00 YES 6.53 2.30 LOST (£ 4.00) (£ 4.00) (£ 4.00)
25-Jul 20.40 Wolverhampton Broughton’s Vision 15.00 15.00 YES 11.62 3.06 PLACED £ 5.00 £ 5.00 £ 1.91
26-Jul 14.10 Beverley Pencaitland 21.00 12.00 YES 18.00 4.97 LOST (£ 4.00) (£ 4.00) (£ 4.00)
26-Jul 13.50 Yarmouth Marsonic 21.00 17.00 YES 28.00 3.64 PLACED £ 6.00 £ 4.40 £ 3.02
26-Jul 15.30 Yarmouth David’s Duchess 5.00 5.50 YES 4.71 1.82 PLACED (£ 0.40) (£ 0.20) (£ 0.44)
27-Jul 15.45 Goodwood Big Time Baby 10.00 9.00 YES 13.00 3.05 LOST (£ 4.00) (£ 4.00) (£ 4.00)
27-Jul 16.40 Redcar Mrs Biggs 9.00 15.00 YES 16.85 4.03 LOST (£ 4.00) (£ 4.00) (£ 4.00)
27-Jul 17.15 Redcar Run Rio Run 7.00 15.00 YES 27.00 6.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
28-Jul 14.00 Goodwood You’re Hired 11.00 11.00 YES 12.73 3.20 WON-EW £ 25.00 £ 25.00 £ 26.47

(Note – no tips were received on 15/16 July following a problem with my trial subscription).

The complete results log for the trial to date can be downloaded here.

Summary

I complained last time that, “It’s hard to imagine how drawdowns feel unless you have personally experienced them”.

Well, this time we got to sample the exact opposite: the joy of profits. 🙂

Each Way Winners - Performance at Betfair SP

Each Way Winners – Performance at Betfair SP

I also complained in my last update that I’d really gone off Each Way Winners.

Well, I think you can take it that the love affair is well and truly back on now.

In particular, its performance at the exchange has been breathtaking: 64 points in a single month at Betfair SP is astonishing.

However, I do still have 63 bets to go until I reach my finishing line. So it’s a bit too early to get carried away.

I’ll be back after my 200th bet of course.

In the meantime, you can read more about Each Way Winners here.


Update: 1st July 2016

I’ve been on holiday in sunny Cyprus, away from the ups and downs of betting system trials. So it’s been six weeks, rather than my usual one month, since I last had anything to say about Each Way Winners.

A quick reminder then: EW Winners is a value-based service that has been around for several years and concentrates on horse racing only.

It aims to find attractively priced selections further down the field and deliver steady capital growth.

New triallist Leslie has put on 60-odd bets already…

So.. is Each Way Winners making us any money?

Sadly not. In fact, things have gone so badly that my triallist has resigned. 🙁

Fortunately Leslie has been betting at just £2 a point. And to say he was unimpressed is putting it mildly.

Even with a 100 point bank, we have lost almost half our initial capital at the prices advised by the tipster:

Advised Prices Price taken Betfair SP
Profit (£ 94.95) (£ 76.14) (£ 17.47)
Profit (pts) -47.48 -38.07 -8.74
New Bank £ 105.05 £ 123.86 £ 182.53
       
%age bank Growth -47.48% -38.07% -8.74%
Wins(races w/ profit) 14 15 15
Bets 66 66 66
Strike rate(races w/ profit) 21.21% 22.73% 22.73%
ROI -35.97% -28.84% -6.62%

The complete results log makes for a dismal read.

Date Time Racecourse Selection  Pts. Advised price Price taken BF Win SP BF Place SP Result Profit @ advised price Profit @ price taken Profit @ Betfair SP
19-May 14:20 Goodwood Enlace 1.00 7.50 8.20 11.55 3.71 LOST (£ 4.00) (£ 4.00) (£ 4.00)
19-May 15:05 Lingfield Astra Hall 1.00 6.00 7.40 9.51 2.93 PLACED £ 0.00 £ 0.43 £ 1.67
19-May 15:30 Goodwood Sark 1.00 11.00 14.50 19.50 4.41 LOST (£ 4.00) (£ 4.00) (£ 4.00)
20-May 15:50 Wolverhampton Horseguardeparade 1.00 7.00 7.60 5.99 2.26 LOST (£ 4.00) (£ 4.00) (£ 4.00)
20-May 20:00 Haydock Newera 1.00 9.00 7.75 1.96 1.45 LOST (£ 4.00) (£ 4.00) (£ 4.00)
21-May 15:25 Goodwood Zhui Feng 1.00 8.00 10.50 14.50 4.29 LOST (£ 4.00) (£ 4.00) (£ 4.00)
21-May 17:15 Newmarket Master of Finance 1.00 17.00 23.00 26.54 6.60 PLACED £ 4.40 £ 6.36 £ 8.64
21-May 17:20 Haydock Calder Prince 1.00 17.00 20.00 22.29 5.23 WON-EW £ 38.40 £ 43.32 £ 48.49
21-May 17:45 Goodwood Manaboo 1.00 7.00 9.00 14.32 4.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
22-May 14.50 Nottingham Hurricane Volta 1.00 5.50 9.80 11.50 3.22 PLACED (£ 0.20) £ 1.34 £ 2.22
22-May 16.00 Nottingham Sacred Harp 1.00 6.50 7.40 6.29 2.52 PLACED £ 0.20 £ 0.43 £ 0.89
22-May 17.35 Nottingham Stars N Angels 1.00 6.50 8.20 8.00 2.69 PLACED £ 0.75 £ 1.42 £ 1.21
23-May 18.00 Leicester First Excel 1.00 7.00 8.80 10.50 2.68 PLACED £ 1.00 £ 1.71 £ 1.19
23-May 19.15 Windsor Naadirr 1.00 8.00 9.20 8.31 2.34 PLACED £ 0.80 £ 1.12 £ 0.55
23-May 20.05 Carlisle Muroor 1.00 10.00 10.00 11.52 2.97 LOST (£ 4.00) (£ 4.00) (£ 4.00)
24-May 14.15 Wolverhampton Whispering Wolf 1.00 10.00 17.00 14.50 4.43 PLACED £ 1.60 £ 4.08 £ 4.52
24-May 18.10 Wetherby Miramonte Dancer 1.00 8.00 7.60 6.10 2.74 LOST (£ 4.00) (£ 4.00) (£ 4.00)
25-May 18:20 Kempton Snappy Guest 1.00 6.00 8.00 3.97 1.94 PLACED £ 0.50 £ 1.33 (£ 0.21)
25-May 18:50 Kempton Bond Trader 1.00 6.00 7.00 4.80 2.02 LOST (£ 4.00) (£ 4.00) (£ 4.00)
25-May 20:50 Kempton Royal Reef 1.00 13.00 17.00 25.80 5.95 WON-EW £ 30.00 £ 38.00 £ 56.53
26-May 15:20 Chelmsford Kindly 1.00 5.50 5.80 13.52 2.43 WON-EW £ 10.80 £ 10.94 £ 26.51
26-May 20:05 Newcastle Eutropius 1.00 15.00 15.50 19.64 5.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
28-May 16:10 Beverly Cosmic Halo 1.00 10.00 24.00 25.00 5.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
28-May 17:10 Chester Modernism 1.00 9.00 8.60 5.90 2.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
28-May 17:30 Haydock Golden Glimmer 1.00 9.00 11.00 11.00 3.44 LOST (£ 4.00) (£ 4.00) (£ 4.00)
29-May 14:00 Kelso Desert Island Dusk 1.00 8.50 8.00 7.40 1.82 LOST (£ 4.00) (£ 4.00) (£ 4.00)
29-May 14:20 Fontwell Quilinton 1.00 15.00 17.00 31.49 6.91 LOST (£ 4.00) (£ 4.00) (£ 4.00)
30-May 13:45 Redcar Tancred 1.00 13.00 10.50 9.17 2.66 PLACED £ 2.80 £ 1.61 £ 1.15
30-May 14:15 Redcar Tawayna 1.00 6.50 7.00 9.05 3.10 LOST (£ 4.00) (£ 4.00) (£ 4.00)
30-May 15:25 Redcar Tawdeea 1.00 7.50 8.40 14.05 3.63 LOST (£ 4.00) (£ 4.00) (£ 4.00)
31-May 19:20 Lingfield Sherdat 1.00 13.00 12.00 22.81 4.13 LOST (£ 4.00) (£ 4.00) (£ 4.00)
01-Jun 16:00 Nottingham California 1.00 9.00 9.60 7.70 2.56 LOST (£ 4.00) (£ 4.00) (£ 4.00)
01-Jun 19:10 Chelmsford Island Sea 1.00 8.50 5.98 4.80 1.89 LOST (£ 4.00) (£ 4.00) (£ 4.00)
01-Jun 20:10 Chelmsford Victorious Laugh 1.00 34.00 38.00 170.99 15.75 LOST (£ 4.00) (£ 4.00) (£ 4.00)
02-Jun 18:10 Kempton Dostoyevsky 1.00 10.00 7.00 6.30 1.89 LOST (£ 4.00) (£ 4.00) (£ 4.00)
02-Jun 19:40 Kempton Fashaak 1.00 6.50 5.70 6.17 2.36 LOST (£ 4.00) (£ 4.00) (£ 4.00)
03-Jun 20:50 Goodwood Manaboo 1.00 5.00 4.00 4.20 1.44 WON-EW £ 9.60 £ 6.84 £ 6.92
04-Jun 15:45 Epsom Lathom 1.00 34.00 32.00 54.93 11.00 LOST (£ 4.00) (£ 4.00) (£ 4.00)
04-Jun 16:30 Epsom Cloth of Stars 1.00 9.00 10.05 9.20 3.32 LOST (£ 4.00) (£ 4.00) (£ 4.00)
04-Jun 17:40 Doncater Absolute Zero 1.00 26.00 13.50 18.12 4.55 LOST (£ 4.00) (£ 4.00) (£ 4.00)
06-Jun 20:45 Pontefract Captain Scooby 1.00 15.00 13.50 33.91 4.60 LOST (£ 4.00) (£ 4.00) (£ 4.00)
07-Jun 15:45 Salisbury Star Jeannie 1.00 7.40 8.60 8.83 2.74 LOST (£ 4.00) (£ 4.00) (£ 4.00)
07-Jun 16:15 Salisbury Natural Beauty 1.00 9.00 8.80 16.22 3.8 LOST (£ 4.00) (£ 4.00) (£ 4.00)
07-Jun 20:50 Lingfield Nosey Barker 1.00 7.00 5.40 4.98 1.94 LOST (£ 4.00) (£ 4.00) (£ 4.00)
08-Jun 15:00 Beverly Windforpower 1.00 11.00 7.80 10.76 3.45 LOST (£ 4.00) (£ 4.00) (£ 4.00)
08-Jun 19:30 Kempton Hijiran 1.00 9.00 16.50 29.42 6.00 LOST (£ 4.00) (£ 4.00) (£ 4.00)
09-Jun 17:25 Yarmouth Mywayistheonlyway 1.00 9.00 18.00 10.27 3.25 LOST (£ 4.00) (£ 4.00) (£ 4.00)
09-Jun 19:45 Haydock Sidewinder 1.00 15.00 12.00 19.54 3.81 LOST (£ 4.00) (£ 4.00) (£ 4.00)
10-Jun 14:00 York Rubiesnpearls 1.00 7.00 15.00 20.89 5.05 LOST (£ 4.00) (£ 4.00) (£ 4.00)
10-Jun 15:10 York Nazik 1.00 6.50 9.60 8.40 2.94 LOST (£ 4.00) (£ 4.00) (£ 4.00)
10-Jun 15:30 Sandown Extremity 1.00 12.00 13.50 14.42 4.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
11-Jun 14:50 Chester Newera 1.00 7.00 6.50 8.6 2.97 LOST (£ 4.00) (£ 4.00) (£ 4.00)
11-Jun 16:00 Chester Appleton 1.00 7.00 8.00 10.5 2.60 LOST (£ 4.00) (£ 4.00) (£ 4.00)
12-Jun 14:00 Doncater Baddilini 1.00 8.50 6.00 5.76 2.05 LOST (£ 4.00) (£ 4.00) (£ 4.00)
12-Jun 15:00 Doncater Roseborg Rider 1.00 7.00 11.00 13.65 3.40 LOST (£ 4.00) (£ 4.00) (£ 4.00)
13-Jun 15:00 Carlisle Keenes Point 1.00 6.50 6.50 8.44 2.55 LOST (£ 4.00) (£ 4.00) (£ 4.00)
13-Jun 20:20 Windsor Tam O’Shanter 1.00 5.50 6.50 12.15 3.73 LOST (£ 4.00) (£ 4.00) (£ 4.00)
14-Jun 15:40 Ascot Waady 1.00 13.00 14.00 10.18 3.99 LOST (£ 4.00) (£ 4.00) (£ 4.00)
14-Jun 20:40 Beverly Jintshit 1.00 8.00 6.00 4.88 1.99 LOST (£ 4.00) (£ 4.00) (£ 4.00)
15-Jun 15:05 Ascot Vona 1.00 19.00 26.00 40 13.86 LOST (£ 4.00) (£ 4.00) (£ 4.00)
15-Jun 15:40 Ascot Always Smile 1.00 10.00 4.50 5.9 2.56 PLACED £ 1.60 (£ 0.67) £ 0.96
15-Jun 17:00 Ascot Donchaa 1.00 12.00 11.00 14.22 3.72 LOST (£ 4.00) (£ 4.00) (£ 4.00)
16-Jun 15:30 Chelmsford Intrude 1.00 7.00 8.00 9.17 3.11 LOST (£ 4.00) (£ 4.00) (£ 4.00)
16-Jun 15:40 Ascot Soveriegn Plate 1.00 8.50 8.00 8.83 3.15 LOST (£ 4.00) (£ 4.00) (£ 4.00)
17-Jun 17:35 Ascot Twilight Payment 1.00 13.00 21.00 42.66 13.27 PLACED £ 2.80 £ 5.60 £ 21.31
17-Jun 17:55 Redcar Douglass Bank 1.00 11.00 10.00 11.20 4.18 LOST (£ 4.00) (£ 4.00) (£ 4.00)

Summary

It’s hard to imagine how drawdowns feel unless you have personally experienced them.

Look at this graph and try to imagine…. you’ve banked a few points, all is going well… then bang!  A complete collapse follows…

Each Way Winners Performance

Each Way Winners Performance

I said last time that I liked the sound of Each Way Winners.

Well, I have to say, I’m less keen now.

However, I’ve decided to pick up the trial from Leslie. Because there does seems hope for the service when betting at Betfair SP (BSP) only. Remarkably, we lost just 8 points at BSP in contrast to the 47 point drawdown at advised prices.

This change means there will be a gap in the trial results between when Leslie pulled out and I picked it up.  But there’s little I can do about that – and I’m not convinced it’s significant from a testing perspective as we will still run up the same number of bets in the end.

I’ll be back with my next report in early August.

Meanwhile, you can find out more about Each Way Winners here.


Introduction: 19th May 2016

Something I have long been fascinated with is the potential of each-way betting.

The original purpose of each-way bets was – and indeed is – to encourage punters to back something other than a favourite. As bookies often get burned when favourites win.

On a side-note, I’m amused by the now-established narrative that the bookmakers have lost a lot of money on Leicester City’s Premier League win. I am dubious at best and shedding few tears. They have, of course, banked a simply astronomical amount of money from punters who backed Chelsea, Arsenal and the rest…

But back to today: because the mere existence of each-way odds should make us ponder… are they perhaps the bookies’ way of incentivising us to bet on longshots?

And if so, perhaps they can, sometimes, offer great value?

Well, I know a gent called Ben who certainly thinks so.

Welcome then to my new trial of his service, Each Way Winners!

Each Way Winners is an appealingly straightforward service that aims to do just one thing well.

It issues horse racing tips for use in bookmakers’ each-way win markets.

The service emphasises three things in its sales literature:

1. It aims to be selective.

Value-oriented tips are generated each day from specialist software.  So we should expect no more than a handful of daily selections, making it quick and easy to use.

2. Investment-style approach.

This is not a service that aims to find improbable wins from huge outsiders.  Selections are more typically issued at middling prices, between odds of 5 to 20, where the place part acts as a kind of insurance.

At this price point, no single win is likely to define the trial, though a series of wins just might.

As Ben explains,When you bet like I do, it is like making an investment and watching it grow, as opposed to just blindly following the racing tips in the newspaper every day in the hope of striking it rich”.

3. Long track record.

Each Way Winners has apparently been around for quite some time.

According to the sales page, “My selection processes have been honed over 9 years and over 5,000 selections, and they have set me up with a very nice lifestyle thanks to the returns I get which are much better than a bank will give you”.

That’s a lot of bets… though of course, as ever, we will form our opinion at Lay Back based solely on our own test results.

Summary

I like the sound of Each Way Winners.

It has a clearly thought through approach that I would like to see work because it just makes sense.

Betting on favourites is very unlikely to get you far — though it’s amazing how many tipsters do it — whereas the losing runs associated with backing longshots can be heart-breaking.

Each-way bets on mid-priced horses may therefore offer the right mix of value and strike rate. Let’s hope so anyway.

New triallist Leslie will run the test for us. We’re aiming at 200 bets in all and will be back in a month’s time with the first progress update.

In the meantime, you can read more about Each Way Winners here.

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