Fear and dread were the feelings that greeted me yesterday, dear reader, when I was presented with not one but two ‘opportunities’ to promote an upcoming horse racing system, called You Bet You Win.

Now I haven’t seen the product, and I don’t really care to. The reason for my high handedness? The spin and smarm that accompanies the utterly implausible sales page borders on preposterosity. (No, that isn’t a word, but if I could add one term to the Oxford English, that would be it!)

Apparently, this guy has a ‘secret’ formula that makes your chances of losing on roulette an infinitessimal 1 in 177,000. But it gets better – he’s going to give you that for free! This chap (Mikey Wilde) is an extremely slick marketer, but you can be confident that this is at best a confidence trick.

I’ve looked at the free download (and then hastily unsubscribed, which likely means he’s selling my email address to anyone who’ll buy it), and it’s just awful.

Basically, of the 25 pages, there are three or four related to front page, disclaimer (very important in this case!), etc., and then about twelve pages dedicated to promoting four online casinos (all of whom will pay Mikey a kickback if you sign up, naturally), and then the system.

Now, firstly, I should say that there is nothing wrong with exchanging valuable information for an affiliate commission. Regular readers will know that when I review a product that I like (such as Favourites Phenomenon), I promote it as an affiliate. In fact, I sneakily snuck my affiliate link in there.

But this ebook adds no value. The system relies on a tenuous progressing staking plan that puts you $208 in the hole by the eleventh losing spin, in your quest to win… $2.

There is no reference to what you do if the 11th spin is a loser for you (as it might well be, given that each spin you’re betting a 2/1 shot, even BEFORE you’ve factored in the 36/1 possibility of a zero being spun).

I presume the 1 in 177,000 chance of losing is by multiplying the odds of losing each time. But, as any stats buff will tell you (and, in fairness, most other people too), the chances of getting a winning spin are exactly the same from spin to spin. As are the chances of a losing spin. This is because each spin is independent of every other.

In short, this stinks, and you WILL go skint if you follow it. If the other systems (there are nine more, plus ‘free’ bonus content) are as ‘good’ as this one, you can expect lots more affiliate promotions from the author, and lots more dodgy maths, which will catch plenty of people out.

The only salvation is that it is marketed through clickbank, so you can get your money back if you write to them directly at refunds@clickbank.com and quote your purchase reference number. This applies to any clickbank product, and is generally good information to have.

Enough on You Bet You Win… It’s not good, and you should steer well clear.