I recently joined a rating service that also provided selections for the day’s racing. I’d looked at the ratings before when they were free and they looked promising. That, allied to the fact that some of the selections advised had made a nice profit prompted me to give them a go.
Let’s get the good stuff over with. The ratings themselves provided winners from the top two and certainly helped to sort the wheat from the chaff. What I did have an issue with was the way that they changed their selections on an almost weekly basis. Let’s explain further.
When I joined there were two different selection types. After a few day’s of losers both of the selection systems (we’ll call them that) were dropped and replaced with another two different systems, because they’d shown a profit (apparently). A few more days losing and they were dropped for a single system (which had show profits in the past). When these also failed to provide any reasonable degree of winners I cancelled my subscription.
Now, I don’t know how this system is doing because the results are no longer advertised on the Web site, but I have noticed that a different system is being promoted because it made good profits. Unfortunately, this was never put forward as an idea when I was a member even though the results and profits take my subscription period into account – the point being that these have obviously been reverse engineered.
So, in the seven or eight weeks since I have been involved or tracked this provider of information there has been at least six different betting methods promoted, and as each one failed a new one was introduced – by back-fitting results.
An additional worry is the fact that selections were proofed to an independent source, but everything stopped on the 15th December and there is no way that any results are available from the period onward.
To me, this is clearly a case of someone having created a system had some success, started proofing, but when things went pear-shaped simply began to reverse engineer selections (after the event) to attract new subscribers.
I will be interested to see if the ‘system’ that made good profits last month is advertised at the end of this month as having made a profit. Another aspect that concerns me – not just about this but about all rating providers is that they are always keen to promote days when the top two ratings (sometimes extended to the top three)‘went through the card’. On checking these are usually days when all the fancied horses went in (which pretty much ends up the same as backing the first and second favourite).
The caveat here is before joining any selection service ask for proof of ongoing profits based on the same selection criteria, and if they can’t provide this then walk away.
Thursday, 7 January 2010
Past Posting
Labels:
backing and laying horses,
Betfair,
betting,
gambling,
horse racing,
making money,
selections,
system
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