Racing Profits – Final Review

21st November 2011

Inspector Magnifique – Racing Profits Final Review

Rating: Passed

Racing profits review lasted for 84 days and here’s what we have at the end of the period.

Of 84 days we had 51 actual betting days and 33 no betting days.  A no betting day with Racing Profits system means you run through the selection process, may have a selection or a couple of them for the day but in the end they will not qualify being not satisfying the price criterion, being withdrawn from the race, etc. You put almost as much effort into it as in betting days with presumably a bit less time spent.

In those 51 days there were 99 selections, 72 of which are ‘basic’ and 27 are ‘additional’. It must be noted these terms are not the author’s . It is recommended in the manual that betting no more than 2 horses a day with this strategy is enough to profit on a regular basis. However, you may end up with 3, 4 or more qualifiers. Thus, by ‘basic’ selections I mean only those that fit ‘betting no more than 2 horses a day’ recommendation and by ‘additional’ those exceeding this limit.

The strike rate specified is based on all 99 selections as well as the number of winning horses.

Total selections:  99
Winning selections:  33
Strike rate: 33.3%
Average odds of selections: 4.7
Average odds of winning selections:3.85
Stake per selection (level stakes): 1 pt
P/L (betting no more than 2 selections a day): +21.36 pts
P/L (betting all selections): +30.16 pts

Profitability:

The profit figures above clearly show that betting all qualifiers is more profitable than only two a day, I see no reason why it should be opposite. The profit is increased by 41%, which is a considerable figure. Probably,  the recommendation to limit the number of bets is there to prevent longer losing runs, which do happen. I’ll talk about them a bit later though.

The profit of +21.36 pts in 84 days period means we average around +0.25 pts a day. Excluding no betting days will bring this to +0.42 pts a day. Surely, the figure based on all days including the ones with no betting is more precise in showing what to expect from the system.

It’s quite steady too, which is shown in the graph below of weekly cumulative profit.

Now let’s see how that will improve if we bet all selections: +0.36 pts a day and +0.59 pts respectively.

This does not seem like much but should 1pt = £100, then the profit would stand around £36 a day.

With time and effort put into using the system you might expect bigger return, but I feel the profit is just enough to make it worthwhile.

A big concern for me is the Racing Profits figures for the period on racing-index.com, where the author’s selections are tracked.

Number of selections: 36
Winning selections: 6
BSP profit: -17.37 pts

This is totally different from what we’ve experienced throughout the review! I knew that my selections were not 100% as the author’s, which is ok but the difference is shocking. This could mean:

a) we are using the system differently

I recorded all qualifiers and missed only a couple of days. The author did not bet more than 2 horses a day (as shown on racing-index). With the ‘additional’ selections making almost 9 pts from 27 selections this is something to consider. Still this is not enough to make the reason for such a significant difference.

b) one of the two is using the system incorrectly

Well, if this is the case, then logically it should be me. How can a person who designed the system misunderstand it? However, I don’t see where I could misunderstand it at all. I did my best to follow the rules and am pretty confident in my selections.

On saying this I must emphasize that the rating for profitability is given based solely on my own experience with the system. Proceed with caution.

4 stars out of 5

Ease of use and time spent:

The system is a bit hard to implement at the beginning, but once you get used to it there’s no big trouble. It takes around 15-20 minutes to find your potential qualifiers. However, you have to be fully concentrated when running through selection process, it is rather easy to make a mistake. What may be a concern is the selections published at racing-index.com. As I’ve mentioned above they can be different from yours, and you can see what this can lead to.

I wouldn’t say the system is brain-deadening or too time-consuming, but there are definitely systems out there that are a lot easier to use. Not that they are profitable, of course.

3.5 stars out of 5

Risk:

Generally the Racing Profits perfomance is quite stable (speaking of my experience). Long losing runs are not frequent, but be prepared for 5 to 10 losing selections in a row. The longest losing run was 13 selections in a row, there were 7 losing selections in a row twice (betting all selections). Longest losing run in betting days was 8 days. With an average 30-40% strike rate, this is not something unexpected. The system is not very risky but requires discipline and ability to accept losses.

3.5 stars out of 5

Return on investment (ROI):

Betting 2 horses a day:  21.6%

Speaking of support I had no contact with the vendor. I tried to mail him once asking why the selections I’m getting are a bit different from his but got no response and didn’t try any more. Nor did he contact me in any time.

2 stars out of 5

Racing Profits showed nice results and I would’ve given it a higher rating was it not for racing-index.com results. Although, it does not influence a lot it is something to take into account. 3 stars out of 5 overall.

Cheers,

Inspector Magnifique

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Inspector Magnifique – Racing Profits Final Review