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September 2007: Review of Racing Investment Formula
Despite the rather grand title, this is a horse racing system based on market strength. Depending on the number of runners and the fluctuations - both inward and outward - of the market principles, there is a series of system rules.
The guide comes with a little spreadsheet application (with a download link to a compatible spreadsheet software program in case you don't have Microsoft Excel).
This is how it works: about half an hour before the race starts, you enter the name (or number if you prefer shorthand!) of the top half dozen or so horses in the race (the system only focuses on the top end of the market, where all the money is).
You then enter their betfair odds. Then, a couple of minutes before the off, you enter the prices at that time. The spreadsheet calculates the difference in the 'rounds' of the horses (see my previous post for an explanation of 'rounds'), and where there is a marked movement one way or the other, a system rule will apply.
Whether the horse is to be backed to win or place, or to lose or not be placed, depends on the number of runners and the market change.
The rules are pretty simple to follow, though in my opinion they could have been worded more clearly.
I trialled the system today on the first seven races of the day, and the results were as follows:
|Track||Race||Selection||Bet Type||Odds||Result||Profit to ï¿½100|
|Stratford||2.15||Cave Of The Giant||Place Back||1.33||WON||26.35|
|Stratford||2.45||Lawyer Des Ormeaux||Place Back||1.5||WON||42.5|
|Goodwood||3.10||Unreachable Star||Place Back||1.46||WON||38.7|
ï¿½128.20 profit (after taking out 5% commission) is not bad for an hour and a half sat watching the racing!
Some points with this system, which may be clear from the above.
1) Back selections are pretty short odds, but are strongly fancied - as the market movement indicates.
2) Lay selections will have drifted heavily in the immediate run up to the race. (There were no drifters to note today).
3) You will need to be able to spend some time at the computer, as for any race you play on, you'll need to monitor the market a half hour before the race as well as closer to the 'off'.
4) The system can be used as regularly or rarely as you are able to use it - each race is an individual event. So if you're a Saturday racing fan only, this might be of interest.
Overall, though the trial was only on a small number of races, I like the approach of the product. It comes with all the information you need, but you might need to spend a few races practicing (i.e. paper trading) prior to striking your first wager. This will help you get your head round the system rules, which are not difficult, but are - in my opinion - poorly written.
The system comes with a money back guarantee, so if its not your cup of tea, you get your dough back.
Overall, based more on the approach than the results (although I didn't witness a losing bet, the sample is too small to be categorical, especially with the price of the selections), I like this system, and would recommend those readers with time enough to watch the market give it a whirl. Note, you don't need to constantly monitor the race market: you just need to check 20-30 minutes before, and then just before the 'off' when you'll strike a wager on any qualifiers.
More info is available here: http://tinyurl.com/2rv9dc (the usual apologies apply for the vendor's typical hyperbole).
MattRacing Investment Form',