Initial Review â€“ May 2009
It was very apparent to me that this â€œsystemâ€ was developed on the basis of back fitting the results of 2008 with such hindsight not necessarily equating to foresight, as our review had shown, for subsequent seasons. We experienced 16 losing days out of 19 and in the process accumulated a loss of Â£728.31 using Â£10 level stakes at SP.
Second Review â€“ June 2009
By coincidence, when our final review was posted, a â€œnew versionâ€ of The ProtÃ©gÃ© Systemâ€ was announced by Tony Gibson, the author of The ProtÃ©gÃ©. He claims that he had reacted to some users concerns over there being too many bets. In response to these concerns he had modified the system to be far more selective with a consequent reduction in the number of bets but a huge increase in the average profit for each bet. Hmm!!!
The author also states that â€œLike most good flat racing systems the most profitable period is from the start of June until the end of the season.â€ No doubt time and those loyal readers of Mattâ€™s blog who purchased this system will let us know how successful this â€œnew versionâ€ is.
My own view is that with the impressive SP profits (75k quoted for 2008) why change? Anyway, I am always willing to give a â€˜systemâ€™ a second look. On that basis I monitored the original ProtÃ©gÃ© system throughout June. Again, I started with the recommended 100 point bank which would equate to Â£1000 at Â£10 per point. All bets were to the recommended level stakes.
System Results â€“ June 2008
Qualifying races = 167
Winners = 94
Losers = 384
Average selections per race = 2.9
Days without finding a winner in the month = 2
Level Stakes Profit to SP = 165 points
Actual Results - June 2009
Qualifying races = 183
Winners = 62
Losers = 392
Average selections per race = 2.61 (range: 13 qualifiers in a single race to 1 qualifier in a single race)
Days without finding a winner in the month = 8
Level Stakes Profit to SP = - 114.7 points (loss)
As with our initial review, the overblown claims do not stand up to scrutiny. Only 18 losing days out of 212 are quoted for the whole of 2008, yet we have experienced 23 losing days out of 30 in June 2009.
Combining both review periods (May and June) we have experienced 39 losing days out of 49 for a loss of 187.5 points or Â£1875.00. This system should carry a serious wealth warning and I will reiterate my points from the original review. Save yourself Â£95 and an awful lot more by steering well away from this system. This system is no road to riches more a road to ruination. I have provided Matt with a detailed spreadsheet of all selections and this includes a full analysis by race type etc.
I have noted on the Sportsworld Publishing website that they are claiming a 30 point profit for June using the new â€œSelectiveâ€ version of The ProtÃ©gÃ©.