I am testing a new place only Horse Racing System by a friend of mine.
At a friend’s barbecue a few weeks ago, I got talking to an old family friend who I had not seen for a while.
As we were talking he mentioned my website, this website, and told me that he has a place only horse racing system that he uses that works really well for him, and has done for many years.
Now this guy is salt of the earth, and very level headed, so I decided to delve deeper into what he was saying.
After discussing further, I asked him if I could trial this system on my website, and he agreed, so I will be trialling it, and putting up the results.
- 1 What Is The Place Only Horse Racing System?
- 2 Place Only Horse Racing, The Selections.
- 3 Place Betting System Results
- 4 £1,000 Starting Bank = 10% of Bank = £100 per bet
- 5 How Does Place Betting Work?
- 6 Conclusion on Place Only Horse Racing System
- 7 Update on Tom’s Place Only Horse Racing System
- 8 Final Update to Tom’s Place Only Racing System.
- 9 £1,029 Profit in 18 race days
- 10 Extra Final Update on Toms Place Only System
- 11 Incoming search terms:
What Is The Place Only Horse Racing System?
This is a place only horse racing system, which means you are betting that the horse will place in the first 2/3/4 positions of the race, and if they do you will win, and make a profit.
Depending on how many runners the race has, will decide on the amount of places a bookmaker, or Betfair will give you to bet on. Obviously the more runners, the more placing positions will be offered.
I asked Tom (The family friend) what his ‘system was for his selections’, which he didn’t want to give me, but he was fine with him giving me the selections, and said he would text me every day with the selections that he would be using himself, and told me to try it with level stakes.
Obviously I have no idea at this stage if a profit will be made from this place on betting system, but Tom’s confidence dfinitely captured my interest, so if it does produce a profit, you can be rest assured I will be trying to get the methodology behind it 🙂
Place Only Horse Racing, The Selections.
I will be starting with a £1000 Starting bank, using 10% per stake.
For example, I will be using £100 per trade.
I think 5% would be better, and offer more protection, but I think if there is a long losing run, then even at 10% it would give a good indication if there is any merit to this. Let’s see what the results bring in, and see if it can be tinkered with in any way.
I started testing this yesterday, 10th June 2016.
The horses chosen are NOT all Favourites, and not all odds on, the criteria I am told has nothing to do with the odds, or whether it is the favourite or not.
Here are the results for the place only horse racing system, which will be updated until it turns out to be useless, or it makes a profit. I will add up daily, if a profit has been made, and I will leave out Betfair’s 5% commission for now, because this is not only just for Betfair, some bookmakers also offer place betting.
Place Betting System Results
Tom Stated the selections he picks win over the years 80% – Currently win rate is: 72.72% Very Impressed so far, and the profits are averaging £50 per day over 16 days so far 🙂
And just to show that I am getting matched at these kind of odds, and that the placements are as mentioned, 2/3, etc. including the potential returns on the place betting please see my Betfair screenshots below:
As you can see on the first image, it states the horse, the race course, and the ‘to be placed’ positions, in this example (3), meaning if the horse/s finish in the top three positions, then I win the profit stated.
The image below from the same bet as above shows the potential profit I would make if the horses came in the top three positions. This profit is returned (if they place) on top of the stake money, so it is pure profit.
The beauty of this type of betting, is that anybody can do it, it does not involved sitting at the PC for any length of time, it is simply place the bets first thing in the morning, and forget them, until the next day. Tom stated that is exactly how he has done this for many years; he finds and places his bets first thing in the morning, then gets on with his day.
Just to say, I am not yet sure if a staking plan will work with this, or whether level staking is enough, although I will be testing either way, and also using my own experience to see if anything can be improved, should I work out how Tom is selecting the horses 😛
How Does Place Betting Work?
If you go to Betfair, and then select the Exchanges, then select horse racing, then you will see once you have selected a race, that on the left hand side place betting will be offered, as on the following image:
Now because you are place betting, and taking advantage of the fact the you can win the bet by the horse finishing in the first few positions, the odds given by the bookmakers, or by Betfair will be less. Which makes sense, because instead of having a single chance to profit, winning the race for example, you now have as many as 4 chances to make a profit.
As you will see on the image below, now that place betting has been selected on Betfair, the odds for the same horses (check the above image) have now reduced (check the image below):
Therefore, if the selected horse at 14:45 at Sandown was ‘Kings Pavilion’, you would then double click the back odds (2.46) and your place only bet, and this would then be entered onto your Betfair betting slip.
Also, on the betting slip, Betfair will tell you how much profit you will make, and more important (as this is place only) the betting slip will advise you of how many places you have placed your bet on:
As you can see from the above betting slip, if you horse finishes in the top three (3) positions, then you will make your profit, in this example, you would make £14.60 profit if your horse finishes in the top 3.
Just out of interest, the horse in the above example, Kings Pavilion came third in the race, so £14.60 would have been won to £10 stakes, or £146.00 would have been won to £100 stakes. Proof here: http://www.sportinglife.com/racing/results/11-06-2016/sandown-park/result/727288/betstars-by-pokerstars-handicap
Now there are some variables with place only horse racing.
For example, the places given are related to how many horses are running, so if you place your bet, and then some runners pull out of the race, you may find that the places given are reduced, and the winnings paid out are reduced based on ‘reductions’, but these are variables all systems, and methods will have, and I would not worry about them when basing results over the longer term.
This makes sense, as you have more chance of winning with less horses, so Betfair (or any bookmakers) will probably reduce the places given.
I am told by Tom that this situation is not usually a problem.
Conclusion on Place Only Horse Racing System
Here will be my conclusion on Tom’s system, whether it works, or does not work.
One thing Tom did say, was that it is a long term system, and that nothing ever works short term, which we all know, so I will be giving this a good trial for a few weeks, and see if there is any merit in it.
As mentioned, it may turn to nothing, but we will see. Tom thinks I will be surprised at the results, and the profits.
If it works, and turns a decent profit, then you know exactly what I will be doing, I will be trying to get the method of how he makes his selections. If it fails, then I will of course laugh at him every time I see him 🙂
Update on Tom’s Place Only Horse Racing System
At the time of writing (Sunday 19th June 2016), Tom’s system is doing EXACTLY what he promised. He said it would be an 80% win rate, and profits to a £1,000 bank are 70.5%, and have returned a profit of £705.00 in 8 racing days, where horses were selected.
There is definitely merit in this place only system from Tom, no doubt about it, so let’ see what the long term results are, because any system has to be tested over a longer period of time.
Final Update to Tom’s Place Only Racing System.
The problem I see, with people offering systems, methods, and tipster services, is that even if they work, potential buyers of such systems and tipster services just want to pay peanuts for them, and it becomes a merry go round of rubbish, with people just trying whatever is out there without ever seeing the true potential of something that works.
I have discussed this with Tom, who explained that he has used this type of selection process for well over 15 years, and that it genuinely makes him about £20,000+ a year profit. Tom also mentioned that in the last 2 weeks of the selections there was actually a lull moment, which happens sometimes, but that the results over recover to make an average profit.
I have also checked Tom’s results going back around 8 months, as he does not really keep much records, and why would he?!, he is not a system seller, but from what I have checked the results were very similar to the last three weeks of my own testing, which fills me with total confidence.
Now when you think realistically about it, if such information can GENUINELY make you such profits per year, would you really expect to get your hands on it for £25 a month? or pay £30 for an ebook that would then get resold and slapped on ebay for a fiver, therefore getting literally destroyed and devalued? If it were a business sale making that kind of profit, you’d be paying in the region of £50,000+ for it.
Nobody would pay that, obviously, and therefore I think that this is the reason that ‘genuine‘ information that works is never sold to the general public, and I promised Tom I wouldn’t do anything that jeopardises his income whilst testing this. He did say it could be offered to a few, as selections, but I am not sure I want to do that. Nobody would pay the true value…
Most people are happy to think they can pay a few quid for something that is advertised as ‘it works’, and then make themselves believe it is possible by trying as much garbage as they can, similar to this kind of thing:
Then they wonder why they have folders full of system ebooks on their PC, or why they have that little corner full of failed ‘systems’ they have printed off over the years.
I am not saying that everything that gets sold for less than it’s true value does not work, but sometimes you just come across some information and it makes you sit up and think about the potential far beyond making a quid quid from selling it in a PDF file.
Those dreamers on eBay and other sites will always be there, but sometimes, just sometimes you find something from somebody (like Tom) that totally has some real, sustainable value, and can actually put some real money in your pocket. Will those £1 – £20 ebooks do that, of course they won’t. It is pure folly to think otherwise.
Obviously I know the selection process now, and in fact I have been finding the selections for myself over the last 5/6 days and placing them here, then double checking with Tom that my selections were the same as his, and they were, 100%.
Genuinely, the simplicity is staggering, and such simplicity is one of the reasons why I really doubted this would make consistent profits when Tom first told me about it.
One thing is for sure, there really are people out there that make serious profits selecting horses based on a form criteria, and I have never come across one before that works. This does, and I am truly excited about it.
After testing the place system for 18 days worth of selections (days where a selection was made), I made a profit to £100 level stakes of:
£1,029 Profit in 18 race days
Which equates to an average profit of £55 per day.
67.85 win percentage – Although Tom tells me this will average out to around 80% over a few months, hence his mentioning of a ‘lull’ over the past few weeks, but if a ‘lull’ can make me £1,029 inside 3 weeks, then I would happily have them all week long!
The longest losing run was: 2
The longest winning run was: 4
This is also not a ‘favourite’ selection, and neither is being a favourite part of the criteria, which is what impressed me. Basically, the selections find real, and true value.
I can honestly say, it is by far the best selection process, and form based system I have come across, and I have tested hundreds over the years. In fact, as the longest losing run was 2, I could have made the same profits with just a couple of hundred quid as a starting bank.
I am surprised at the results. For many years people have been trying to make profits to level stakes and failed miserably.
This one works, absolutely no doubts.
The selection process is very tight, with value being given to the selections which gives a lot of confidence when betting on the selections.
I might now see how far I can push it, and may double the stakes to £200 per stake, which based on the above results would actually equate to around a £40,000 a year profit, although just sticking to £100 stakes and making half of that is still a nice tax free income 🙂
I will also probably update the page in a few months to let you know how I have got on, but too many people jumping onto the selections would definitely have an adverse effect on liquidity and push the prices down (I am not sure by how much, I will monitor it for now), and therefore, based on what I have seen of Tom’s results, and my own testing, if I were to offer this, I suspect it would be for a price most would not be willing to pay. We’ll see.
Extra Final Update on Toms Place Only System
I thought I would make an addition here because I have been receiving a LOT of emails about this since I stopped placing the daily trades here.
I have not been doing the trades every day because I have a lot to do away from this website, and have other interests, but just to give you an example of the last few trades.
Here are the last 14 trades:
|Friday 8th July 2016||Man Look||Chester||21:20||1.68||Lost|
|Sunday 10th July 2016||LE GRAND CHASE||Perth||16:10||1.83||Won|
|Sunday 10th July 2016||TYRELLS SUCCESS||Perth||17:20||1.25||Won|
|Monday 11th July 2016||GONINODAETHAT||AYR||15:30||2.86||Won|
|Tuesday 12th July 2016||BERNISDALE||BATH||16:45||2.32||Won|
|Wed13th July 2016||PERSEID||Uttoxeter||16:30||2.06||Lost|
|Thursday 14th July 2016||TINSILL||Hamilton||14:30||1.41||Won|
|Friday 15th July 2016||ORIENT CLASS||Haydock||15:50||1.89||Won|
|Friday 15th July 2016||HEAD SPACE||Newbury||17:15||2.52||Lost|
|Friday 15th July 2016||TRINITY STAR||Pontefract||20:05||1.72||Lost|
|Saturday 16th July 2016||Scottish||Newbuty||15:00||1.26||Won|
|Saturday 16th July 2016||Knights Table||Ripon||16:50||1.35||Won|
|Sunday 17th July 2016||Strumble Head||Newton Abbot||16:20||3.65||Won|
|Sunday 17th July 2016||Ginjo||Stratford||17:40||1.68||Won|
On the above 14 trades, they would have produced a profit of £550 to £100 level stakes.
I did promise Tom that I wouldn’t offer it, because as this is a place only system, there is nowhere near as much money on the place market, as the direct betting market, so liquidity could be affected if too many were on the same selections, which in itself is not a deal breaker, but prices would probably drop also.
I will be leaving this alone now, but yet again, it does show you that people really are making money using Betfair. It is just not advertised in an eBook for £2.99 😛
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