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Racing Profit Booster Review

Review Overview

Profit - 75%
Ease of use - 70%
Cost effective ratio - 60%

68%

Good

Arbitrage is very much a Marmite area, and this software approach certainly won’t suit everybody. To fully benefit from it will, like all arbing, involve effort and commitment, but it can be profitably dipped into at any time UK and Irish racing is live.

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Product Name: Racing Profit Booster

Author:  Michael (not our very own Mr Wilding) and Steve Davidson

Contact Details: stevedav@iinet.net.au

Price: 6 months access is £99.97, a full year is £129.97 – just over 35p a day

Money Back Guarantee: None offered

What Do You Get? Access to arbitrage software program

Where to Buyhttp://www.raceadvisor.co.uk/s/racingprofitbooster/

Brief Summary: Racing Profit Booster is a stand-alone arbitrage program which compares the odds available through bookmakers with the lay odds currently on Betfair, and provides calculations of the profits that could be achieved, based on the user’s preferred criteria.

How Much Money Do I Need To Get Started? The vendor recommends £500 in a Betfair account and £200/300 spread across two or three bookmakers of the user’s choice.

How Much Money Can I Make?  This depends entirely upon how much time you’re willing to spend at your keyboard, along with the number of opportunities that are a/ available at a bookie you use, and b/ your speed of taking the odds while they’re still there. Realistically, on first impressions, you should be able to clear between £5 and £15 an hour. In two half-hour periods of mid-afternoon, mid-week racing, the arbs available would have produced level-hedged profits of £66 and £84 – obviously one trader is not going to hit all of them, but it gives an idea of the potential arbs that the software flags up.

How Much Time Will I Need To Make This Work? You need to be around at some point of the UK and Ireland racing day, but it can be used only on weekends or for a short period that suits you. Arbs are out there from 10am until potentially the last race of the day.

Will I Need Any Equipment To Do This? You must have a PC, preferably with fast broadband access; a Betfair account is a must; one-click Betfair software would be very useful; a calculator will be of assistance, whether on-screen or on-desk; accounts with as many bookies as possible, but a minimum of two or three to start with. The software does not work with Macs, although using Virtual Windows might get round that.

What do I get?: After paying for a six-month or annual subscription you will get immediate access to the software, but will then need a licence key to make it work. The guys behind the software are a well-known Australian team who claim to be available 24/7. In my case, although it would have been close to midnight on a Sunday Aussie time, the key was sent through in less than half an hour, which I felt was most impressive.

It’s a simple piece of software to use once you get to grips with it. An online video shows how the functions work and points out the options you can pick and choose from to set it up in the way that suits you best – and this can be amended in a matter of seconds at any stage of the racing day. The vendors claim that the software refreshes every 3.5 minutes and that 16 top bookies are covered, which is incorrect. In fact, contrary to most other falsehoods in racing product sales pitches, it outperforms those claims, refreshing every 2 minutes and covering 27 bookies. There are three options within the bet calculator, so you can select from a level hedge bet, a free lay bet or a free back bet for any of the opportunities identified. I’ll go into more details in the full review, but I can safely say, after a couple of days of testing, that the software is fairly easy to operate, but it helps to have a head for figures.

I’ll be testing the software for 60 days, and I intend to try it out in all possible combinations so that the review is a comprehensive one. I’ll also be recording the best arbs I manage to obtain each day, along with the ROI percentage against the back bet stake – for example an arb of £20 placed with the bookie netting £1 profit will be shown as an ROI of 5%.

Week 1 Report

Now that I’ve had chance to play around with the software, I think it’s time to let everyone know what they would get if they subscribed to RPB.

The software was a doddle to download – instructions were provided by the vendors, but anyone who has downloaded items before would complete the task in less than 10 seconds. As mentioned in my initial report, the verification code arrived in a matter of minutes , so a user could be up and running in a very short space of time.

Firing up the software each day/session from your desktop or toolbar takes just three or four seconds, after which the master screen appears.

At the top left of the screen is the Tools tab, which when clicked reveals 3 headings, which I shall tackle in the order they appear. ‘Bookies’ contains a check list of 27 bookmakers, 11 more than the vendors claim in their documentation. It’s nice to have more than expected, so a Brownie point is gained here. You can choose from 1 to 27 depending on which bookies you want to use in any given session, and indeed you can add or remove one or more during a session in just a few seconds. This part of the process is very quick and easy. ‘Play beep’ is the next option, which allows you to be notified of any new opportunity by means of a little alert beep (two notes) – I am finding this invaluable, as I can be working away at something else on the laptop yet still have the arb up in front of me in the time it takes to click the icon on the bottom toolbar of the screen. In my case this is a second at the most as I’m fast around a keyboard and mouse/clicker, and it shouldn’t take more than two or three seconds even for the slowest PC user. The third and final option is ‘Show advertisement of other products’, which is a banner at the bottom of the screen offering other items for sale by the vendors. Unticking the box in the Tools bar removes these ads from view.

The other tab at the top left of the screen is an icon for ‘Mode Selection’ , which offers the user three choices – single race mode, auto scan mode or manual scan mode. The vendors recommend the auto scan option, and I’m with them on this. It enables the program to search for arb opportunities for the whole of the remaining UK and/or Irish races yet to be run that day. A check box option allows the choice of UK only or Ireland only, and individual races can be blocked out at the tick of a mouse if you so desire. Single race mode does exactly what its name implies, while the manual scan mode does a refresh run of all races for the day if you’re not prepared to wait two minutes for the next scheduled full sweep by the software.

Moving towards the centre top of the screen we find the ‘default method’ tab, which offers three options – equal hedge bet, free lay bet on Betfair and free back bet with bookie. The choice of option is obviously an individual one, allowing the user the chance to put up a risk free back or lay if they have a strong opinion of the horse in question. I will test these two options out in the second half of the trial period, but for now I’m concentrating on the level hedge strategy.

Below the default method tab are four sets of parameters, which allow the user to tweak the software to their preferred state of comfort and risk. ‘Commission’ enables you to reduce the default of 5% if you’re fortunate enough to have a lower level of deduction on your Betfair account. ‘Minimum lay stake’ provides the chance to set a minimum level of liquidity at the odds on Betfair before an opportunity is triggered. ‘Maximum lay odds’ is there so that the user can put a comfort zone limit on the lay part of any potential arb. ‘Minimum ROI’ lets you decide the lowest profit percentage you’re prepared to work with as a return on your investment.

Down the left of the screen is a list of the remaining races of the day, with the ones the software will be scanning for ticked as open. The main body of the screen is where the opportunities will appear, and it has headings for: the scan number; the race name (course and time); selection name; lay odds (current Betfair price to lay); lay money available (at current Betfair lay price, in pounds and pence); back odds; bookie name; and ROI (percentage profit on offer).

At the bottom of the screen is a scrolling area which provides details of the races scanned during the last update – I’m ignoring this area except for the time that the scan was done,  which is usually 2 minutes after the previous one, a lot better than the 3.5 claimed by the vendors (another Brownie point gained).

The only thing left is what I call the ‘opportunity box’, which appears when you double click on the appropriate line in the main body of the screen. This box provides:  the horse’s name, commission % and ROI % (all non-changeable); a drop-down box containing all bookies with whom an arb is available for the horse in question; a drop-down box with the three possible methods of arbing (level hedge, free lay bet  or free back bet – all three can be toggled between); boxes for lay odds and back odds, either of which may be amended by the user; the amount available to lay (which can be amended) and the amount for a back bet which, to my huge frustration, cannot be changed – I will be asking the vendors if they can do something about this, as I have to use a calculator to assess how much the lay bet will need to be if I’m not staking the full size of back bet shown.  There is then a block of eight boxes, which show the financial returns if the horse wins or loses, both on Betfair and the bookies – these figures will change if an amendment is made to the three amendable figures in the lay/back odds segment. This can be a bit cumbersome when time is of the essence, but I shall see if the process can be speeded up with more experience, or by adding a calculator to the mix.

I will be testing the software out on a different bookie each day for the next four weeks, and I’ll keep the spreadsheet updated with my progress. All arbs flagged up with 10 minutes or less to the off will be ignored, as the first week of testing has shown that they have invariably gone before you can get to them – in fact the vendors advise this too, as the market is too volatile at this point. My standard criteria for the testing is set at – commission 5%, minimum lay stake £5, maximum lay odds 10.01, minimum ROI 3%.

Heigh ho, heigh ho, it’s off to arb I go…

Week 2 Report

A difficult second week, with some limitations of the approach now becoming apparent. I have been looking specifically at one bookie a day, using the exact same set of criteria for each one – minimum lay stake £5, maximum lay odds 10.01, minimum ROI 3%. I have been ignoring signals in the final 10 minutes before the start of a race, and recording lower than £20 figures to reflect the amount available to lay at the time.

With some firms, there have been no arbing opportunities at all, even for periods as long as 6 hours, so they clearly have some very sharp staff at work. In fact only one bookie proved even mildly profitable, with a return of £15.61 for six hours of monitoring, and this was the only day on which the profits rose above the £3 barrier. Obviously the take would be higher had I tried to use larger stakes, but even so only two or three days would have seen a return into double figures.

At this stage there are still plenty of bookies to check out on an individual basis, so I intend to carry on in the same manner. As I have the alarm sound set to on, I can get on with other tasks on the PC, and only have to look at RPB when an arb is flagged up.

Week 4 Report

Week 4 was a bit like England’s performance on Saturday: bright to begin with, but then lacking something in front of goal. Mind you, the four bookies firing blanks are not ones high on my radar for racing bets, so the decent showing by Corals and Hills at the start of the week is perhaps more relevant. 

At just short of the halfway point of this trial, there’s a shortlist of half a dozen bookies who have passed their audition – take a bow Totesport, Betfred, Stan James, 888Sport, Corals and Hills – and five worthy of further investigation; I’ve ‘written off’ 7 of the 18 tested thus far, with 9 to go from the list of 27 covered by the software.

Of course, my criteria will not be the same as every user of RPB. I’ve set my odds limit at 10, as double figure laying at arbitrage speed is a bit too hairy for my comfort, but it means that there may be many more chances on offer for those with faster fingers and lower stress levels! I also want a figure of at least 3% as my ROI, so again there would certainly be more opportunities available for scalping at low returns. Once the final 9 have been assessed on the current criteria, I’ll reassess all 27 bookies on a pair-a-day basis at higher odds and lower ROI to see if there are any clear differences.

Given the amount of signals produced and available for conversion to real, achievable arbs across 6 major bookies, this package is still ahead of the game approaching the halfway stage of testing.

Week 5 Report

Nothing to report. Literally. Nothing to report because not a single arbing opportunity was flashed up all week.

I was counter-checking to make sure the software was working by having a major bookie flagged up at all times, and their arbs were coming through fine at fluctuating intervals. The conclusion must therefore be that the newer books on the scene are uniformly mean and consistently price up races at well below Exchange odds. To test this out I spent a few hours trying to catch them out manually, and failed to secure a single racing arb. This suggests strongly to me that the likes of Bet Bright, Winner and co. finance their generous joining offers by maintaining significant over-rounds.

So with only a couple more of the newbies to go, I’ve decided to move on to phase 2 of the 60-day trial. I’ve kept the minimum lay trigger at £5 available on Betfair, upped the maximum odds to 20 and reduced the ROI to the basic minimum of 1% on an assumed Betfair commission of 5%. I’ll be running two books at a time – an established firm and a newer one, and as usual reporting the ‘action’ each day.

Week 6 Report

What a week that was.

It started as week 5 had finished, with a couple of completely blank days, and then a very patchy one. I was on the point of emailing Australia to see if anyone had discovered a software glitch, as even the previously busy bookies were throwing up precious few scraps, when on Thursday it all went ballistic. The previous day I’d reset my preferences to show all bookies to see what action there was across the board, and again it had been a very light day in terms of arbing traffic. When I opened RPB up at 10.30am I left things as they were – when I closed it eight hours later I was in a mild state of post traumatic shock. I’d gone without lunch, surviving on coffee and squash plus a few biscuits (I know how to live, me…!), for fear of missing something vital. The ding-dong alert had barely missed a 119-second slot the whole day, usually with several alerts at a time, and I had been desperately trying to assimilate the flood of data washing from my laptop into my brain while trying to work out how on earth to record it all. I’d been moaning about a lack of information, and now I was groaning under the weight of the stuff. I won’t be showing my psychiatrist the paper records I made – she’d never let me out of the building again.

Fridays are basically a day off at the moment, as a weekly commitment in the afternoon comes smack in the middle of racing, so I switched my mind to stats geek mode for the day and came up with the following conclusions, which I sincerely hope will be of use to anyone considering leasing a copy of RPB.

  1. Whatever temporary problem there may have been with the data feed is well and truly fixed.
  2. Any sane person using RPB with all bookies enabled and no filters applied will remain sane for very little longer.
  3. The problem identified in 2 is easily overcome by using filters. This helps all users, as it means that we won’t all be fighting over the same slice of arbing pie, and there should be more than enough to go round, even for a stocky salad dodger like me.
  4. Thursday was not the busiest racing day of the year, but it felt like it at the time.
  5. Twenty-three horses appeared as multiple arbs for between three and ten bookies each; the main 13 racing bookies produced a minimum of 400 indicated arbs between them (such as BetVictor 83, Stan James 61, Totesport 36); every single race had numerous potential arbs during the day.
  6. Of course, I have no idea how many of these arbs were actually achievable, as I only had time to record the possibility of their existence – and I missed dozens more while doing so as I only have the ability to write with one hand at a time.
  7. Next time I try anything that daft, I must make sure I have a large supply of chocolate to hand.

I approached Saturday in the fine old British tradition of the Six Ps – proper planning prevents p***-poor performance – and, while still a gibbering wreck at the end of it, this time I was a gibbering wreck with some great data. I recorded potential arbs by horse, by bookie. Bet Victor top-scored with at least 66 different horses on the day (I may have missed the odd one here and there), Stan James breached the 50-mark and six others posted scores in excess of 30. Of course many of these horses appeared on other bookies’ charts too. Again, as I was working flat out recording hundreds of bits of info, I must stress that I had no chance to verify how many of these potential arbs could actually have been achieved.

Having since gone through the data from several angles, I’ve concluded that the best approach is likely to involve: picking two or three bookies you’re fond of :)); setting the RPB maximum lay odds filter to 10.01; having Betfair up on a separate tab, split screen or better still a separate screen to your open bookie accounts; using a one-click Betfair trading application such as A Geek’s Toy or Bet Angel; having a clear plan of what you want to achieve for the racing session/day and sticking to it (perhaps make £50 then stop, or trade from 10am to 3pm only).

I’m going to do exactly that for you over several days this coming week, and I’ll record daily summary results on the Excel spreadsheet. Now, where’s my chocolate stash…?

Week 7 Report

With a brace of family illnesses this week, I only managed to trade three decent sessions of 2-3 hours, covering 6 bookies. Across this span the software highlighted 79 potential arbs, 45 of which were available to be taken when attempted – a hit rate of 57%. Of the ‘failures’, 22 had seen the odds disappear at the bookie while the other 12 had vanished from the Betfair end. I set the maximum spend per arb at £100 and the minimum at £5, and achieved a gross profit of £55.49, some of which ended up in Betfair and some with a selection of the books. The hourly pay rate worked out at a respectable £7.93, but the work was at times fraught with some nimble keyboard work required and a couple of minor scares – a second laptop/PC would certainly have helped and may well have made the return a bit higher. The hit rate varied from 87% with betVictor down to just 37% with Coral; the average profit per arb was £1.23.
This week I’ll be continuing with a sweep through the remaining seven big-time racing books and, each day I trade, I’ll post the results on the Excel sheet.

Week 8 Report

The last full week, and completion of the final testing for the 13 bookies who provide most arbing action. I actively traded each of them for either two or three hours, with a total of 14 hours of arbing. The gross profit was £106.17 – actual was less due to Betfair deductions of between 4 and 5% on the arbs where the horse lost, but still over the £100 mark.

In all 136 possible arbs were flagged up. Of these, 20 were available at the bookmaker end but the odds had vanished on Betfair; 44 had already disappeared on the bookie site; 72 arbs were achievable. This means that 53% of the highlighted potential arbs were valid and there to be taken, while 62% of them were valid calls from the bookie angle, had the Betfair odds not moved.

The average profit per achievable arb was £1.47, to a maximum stake of £100 – in some cases up to £300 could have been used.

For the final few days of the trial I will be looking purely at the number of potential arbs signaled per hour and per bookie, and I’ll pull all of the data together for the conclusion of the review later this week.

Week 9 report

In return for your six or twelve-month subscription, you get full access to a piece of software that needs to be downloaded just the once onto your PC/laptop. [Note for Mac users – RPB is for Windows only, but I believe it will work if you have Virtual Windows up and running – please check this out with the vendor before you take out a sub.]

The software is extremely simple to download – instructions were provided by the vendor, but anyone who is used to downloading would complete the task in a few seconds. Based on my experience the verification code you need to get the program working will arrive very promptly, but be aware that the vendor is on Australian time and make some allowance for this. The code only needs to be entered once, and from then on firing up the software each day/session from your desktop or toolbar takes just two to four seconds, after which the master screen appears. The software appears to be extremely robust: I have never needed to remove/reinstall it and it has always loaded up fully at the first time of asking.

At the top left of the screen is the Tools tab, which when clicked reveals 3 headings. ‘Bookies’ contains a check list of 27 bookmakers, 11 more than the vendors claim in their documentation, although during my in-depth testing I have only ever witnessed alerts from 15 firms. You can choose from 1 to 27 depending on which bookies you have an account with, or indeed just the one(s) you want to use at the time; it’s child’s play to add or remove any at any time. I would recommend using any combination of the first 14 on the list.

‘Play beep’ is the next option, which allows you to be notified of any new opportunity by means of a little alert beep (two notes) – I am in a love/hate relationship with this tool. The pros: having the sound on allows you to get on and do other things on the computer (or within a room or two away) until a new alert arrives; in theory you need never miss an arb by doing something else; you don’t have to have your screen permanently showing RPB all the time you’re using it. The con: the beep is a harsh mistress, clamouring for your attention up to 31 times an hour.

The third and final option is ‘Show advertisement of other products’, which is a banner at the bottom of the screen offering other items for sale by the vendors. Unticking the box in the Tools bar removes these ads from view.

The other tab at the top left of the screen is an icon for ‘Mode Selection’ , which offers the user three choices – single race mode, auto scan mode or manual scan mode. The vendors recommend the auto scan option, and I’m with them on this. It enables the program to search for arb opportunities for the whole of the remaining UK and/or Irish races yet to be run that day. A check box option allows the choice of UK only or Ireland only, and individual races can be blocked out at the tick of a mouse if you so desire. Single race mode does exactly what its name implies, while the manual scan mode does a refresh run of all races for the day if you’re not prepared to wait two minutes for the next scheduled full sweep by the software. If you never want to miss a potential arb you could sit and refresh five or six times a minute – I tried this and had to fight hard to retain sanity after a while.

Moving towards the centre top of the screen we find the ‘default method’ tab, which offers three options – equal hedge bet, free lay bet on Betfair and free back bet with bookie. The choice of option is obviously an individual one, allowing the user the chance to put up a risk free back or lay if they have a strong opinion on the horse in question. I dabbled with the free bet options with some success and can confirm that they work effectively. They also allow different-looking bets to be placed, which should help in some measure to disguise your identity as an arber from the bookies, and can indeed assist in transferring funds between Betfair and your bookie accounts if used wisely.

Below the default method tab are four sets of parameters, which let you tweak the software to your preferred state of comfort and risk. ‘Commission’ enables you to reduce the default of 5% if you’re fortunate enough to have a lower level of deduction on your Betfair account. ‘Minimum lay stake’ provides the chance to set a minimum level of liquidity at the odds on Betfair before an opportunity is triggered. ‘Maximum lay odds’ is there so that the user can put a comfort zone limit on the lay part of any potential arb. ‘Minimum ROI’ lets you decide the lowest profit percentage you’re prepared to work with as a return on your investment.

Down the left of the screen is a list of the remaining races of the day, with the ones the software will be scanning for ticked as open. The main body of the screen is where the opportunities will appear, and it has headings for: the scan number; the race name (course and time); selection name; lay odds (current Betfair price to lay); lay money available (at current Betfair lay price, in pounds and pence); back odds; bookie name; and ROI (percentage profit on offer).

At the bottom of the screen is a scrolling area which provides details of the races scanned during the last update – I’m ignoring this area except for the time that the scan was done,  which is always 2 minutes after the previous one. The only thing left is what I call the ‘opportunity box’, which appears when you double click on the appropriate line in the main body of the screen. This box provides:  the horse’s name, commission % and ROI % (all non-changeable); a drop-down box containing all bookies with whom an arb is available for the horse in question; a drop-down box with the three possible methods of arbing (level hedge, free lay bet  or free back bet – all three can be toggled between); boxes for lay odds and back odds, either of which may be amended by the user; the amount available to lay (which can be amended) and the amount for a back bet which can’t be altered. There is then a block of eight boxes, which show the financial returns if the horse wins or loses, both on Betfair and the bookies – these figures will change if an amendment is made to the three amendable figures in the lay/back odds segment. This can be a bit of a pain when you’re working under time constraints – I’ve found that having a calculator with a large touch pad available is of great help.

Over the 60 days of testing I turned RPB upside down and inside out, looking for as many profitable or unprofitable angles as I could find. What it has been devised to do is quite simple – it compares bookie prices recorded on an odds comparison website with the lay prices and amounts showing on Betfair. Obviously these prices, and the amounts available to lay, are in a constant state of flux and, as anyone who’s had an arb will know, they can be gone before you get to them. However, the majority of the potential arbs identified are from one to seven hours before the race, meaning that prices are more stable and less likely to leap around in a matter of moments.

So does RPB do what it says on the tin? Yes, it does. Are all the arbs available on investigation? No, of course not. If they were, I would be writing this review from Barbados not Buckinghamshire. I believe that the key question to ask is: are enough arbs available, at sufficient profit margin, to make this program worth leasing and using? Yes, there are. With provisos…of course!

Over a three-week period in May/June I tested out most of the bookies on an individual basis, looking at arbs with a return on investment of 3% or greater, staking a maximum of £30 a time. Over a period of 68 hours I emerged £132 ahead, which worked out at £1.94 per hour. For the first fortnight of July I used the 13 key racing bookies, with arbs from 1% ROI upwards to a maximum stake of £100. This time I did everything right up to confirming each bet, in effect testing that the odds were there and the bet was achievable (sadly I am persona non grata with some of the chaps with short arms and deep pockets and can’t get bets that size on with them). After 14 hours of work (I tested them in pairs for at least two hours each) I grossed £106, which equated to £7.58 per hour – £1.94 x 330% = £6.46 per hour. An hourly gross rate of around £7 would seem reasonable, and this would be increased, if the user concentrated their fire on the more generous of the books, to something in the region of £10 an hour.

Completion rates per bookie range from nothing to as high as 81% in these tests, so I embarked on a major test of potential arbs for each firm. I recorded every new highlighted arb for the 13 bookies on an hourly basis, with hours taken at random over a period of four racing days. I then added up the number of possible arbs per bookie and divided by the number of hours in the survey. The results can be seen on the accompanying spreadsheet, and range from 1 to 30 per hour per bookie.

Clearly not all of the arbs exist at the time you go to claim them, with many long gone and many more reduced in scope by the vanishing of Betfair lay amounts, and the overall completion rate during testing came out at 53%. That means there’s a slightly better than 50-50 chance of nailing an arb highlighted by RPB.

I should also add that, based on my research, the information generated by RPB can be used for much more than just arbing or creating risk-free back or lay bets. It can be used to flag up early ‘steamers’ for back to lay strategies; it can act as confirmation (or otherwise) that a selection you like is fancied in the market; it can show positions being taken on individual horses by individual bookies; it can highlight a significant odds move when several bookies are all shown as possibles for the one arb.

And so to the conclusions.

Profit – by definition a successful arb is profitable. RPB takes into account Betfair commission deductions, so the amounts recorded are in hard cash terms. The only risk is that the Betfair lay odds disappear in the crucial couple of seconds after completion of the back bet with the bookie – this happened three times during testing and I got out level or in front on all three occasions, with the actual position recorded, not the theoretical one. Using a maximum £100 back stake, an hourly profit figure of around £7 appears achievable – not exactly pension pot-sized earnings, but more than the minimum wage and in the comfort of your own home.

Ease of use – getting it up and running is very simple, as is selecting the criteria you want the software to operate. The information is easy to read and understand, and is displayed clearly. Not being able to amend the back amount in the calculation area is the only drawback I encountered.

Cost-effective ratio – under the annual lease, RPB works out at 35p a day. One modest arb should clear that and the rest of the day is free.

Support – I haven’t needed to request much, but when I have the responses have been speedy and friendly, even late into the Australian night.

I wouldn’t expect to make a living by using this product, but then the vendor doesn’t claim I will. I shall, however, continue to use it to boost my racing profits.

Current Total Profit = +132.31

Individual Trade Results

Date/TimeCourseHorseTrade TypeResultProfit / LossStakedReasonBookie
May 24th
1407CatterickChuckamentalLevel HedgeNoBook odds goneTotesport
1409BeverleyDodinaLevel HedgeNoBook odds goneWm Hill
1413CurraghSorsLevel HedgeNoBook odds goneWm Hill
1415BeverleyDodinaLevel HedgeNoBook odds goneTotesport
1415BeverleySix WivesLevel HedgeNoBook odds goneTotesport
1421BeverleySix WivesLevel HedgeNoBook odds goneWm Hill
1421BeverleyIngentiLevel HedgeNoBook odds goneWm Hill
1429BeverleyIngentiLevel HedgeYes5.525Wm Hill
1435GoodwoodCarrot TopLevel HedgeYes0.6910Totesport
1455BeverleyIcy BlueLevel HedgeNoBook odds goneTotesport
1503HaydockChatezLevel HedgeNo0.910Totesport
1513CatterickHannah’s MagicLevel HedgeYes1.8620Totesport
1519CatterickPicenoLevel HedgeNoBook odds goneWm Hill
1519GoodwoodCarrot TopLevel HedgeNoBook odds goneTotesport
1521HaydockChatezLevel HedgeYes0.8910Wm Hill
1525CatterickFiscal FocusLevel HedgeNoBook odds goneWm Hill
1525CatterickBleeding HeartsLevel HedgeNoBook odds goneWm Hill
1545CatterickAlive Alive OhLevel HedgeNoBook odds goneTotesport
1551Ffos LasNo Through RoadLevel HedgeNoBetfair odds gone
1553GoodwoodChristopher WrenLevel HedgeYes0.479
1607HaydockMortalyLevel HedgeNoBook odds goneWm Hill
1611CatterickChuckamentalLevel HedgeYes1.0810Totesport
1613CatterickChuckamentalLevel HedgeYes1.110Totesport
1621GoodwoodPalermaLevel HedgeYes0.6120Totesport
1707CartmelDanny CoolLevel HedgeYes1.2225Totesport
1711Ffos LasWhispering JackLevel HedgeNoBook odds goneTotesport
May 25th
1351UttoxeterFlorida KeysLevel HedgeYes0.297Bet 365
1728FontwellIllwindelilahLevel HedgeYes2.0620Bet 365
May 26th
1544BallinrobeMorney WingLevel HedgeNoBook odds goneSkybet
1550WindsorGrecianLevel HedgeYes0.6925Skybet
1652RedcarYasirLevel HedgeYes0.4220Skybet
May 27th
1411RedcarOldjoesaidLevel HedgeYes1.4320Boylesport
1521Leic’rFour SeasonsLevel HedgeNoBook odds goneBoylesport
1603BallinrobeMuzakLevel HedgeYes0.47Boylesport
1639RedcarAbsolute BLevel HedgeYes0.918Boylesport
May 28th
No usable alerts
May 29th
1438HaydockAnsaabLevel HedgeYes0.6820Betfred
1450HaydockBrandoLevel HedgeYes0.4620Betfred
1538HaydockRoyal AlcorLevel HedgeYes2.920Betfred
1538BathHoniton LaceLevel HedgeYes2.6420Betfred
1540HaydockRoyal AlcorLevel HedgeYes1.128Betfred
1552BathSir TyloLevel HedgeYes1.4320Betfred
1618WetherbyBarton StaceyLevel HedgeNoBetfair odds goneBetfred
1622HaydockAldwick BayLevel HedgeNoBook odds goneBetfred
1632WetherbyBarton StaceyLevel HedgeNoBetfair odds goneBetfred
1636BathHoniton LaceLevel HedgeYes1.0915Betfred
1741FairyhsePixie SpiritLevel HedgeYes113Betfred
1745WetherbyCara CourtLevel HedgeYes3.530Betfred
1909FairyhseBeyond Brill.Level HedgeYes0.8916Betfred
May 31st
1756StratfordCarrachi Ap.Level HedgeYes1.111Sportingbet
1822StratfordPurple BayLevel HedgeNoBook odds goneSportingbet
1936NewburyLazer BlazerLevel HedgeYes0.413Sportingbet
2040StratfordVronbelLevel HedgeYes0.3220Sportingbet
June 1st
No opportunities at allBetvictor
June 2nd
No opportunities at allBlueSquare
June 3rd
No opportunities at allPaddy Power
June 4th
1322Punch.Away we GoLevel HedgeYes1.5415Stan James
1328FontwellShubaatLevel HedgeYes0.6520Stan James
1330FontwellLong WLevel HedgeYes0.457Stan James
1336FontwellGuards ChapelLevel HedgeYes0.498Stan James
1340FontwellThornton ALevel HedgeYes0.8820Stan James
1358SouthwellBlazeofench.Level HedgeYes1.3820Stan James
1410FontwellGuards ChapelLevel HedgeYes0.7620Stan James
1452RiponOne BoyLevel HedgeYes2.120Stan James
1458RiponOne BoyLevel HedgeYes3.220Stan James
1512Punch.Star PowerLevel HedgeYes0.4211Stan James
1518FontwellVenetian LadLevel HedgeYes0.136Stan James
1518RiponOne BoyLevel HedgeYes3.220Stan James
1522Nott’mLucky JimLevel HedgeYes1.2620Stan James
1524FontwellVenetian LadLevel HedgeYes1.1120Stan James
1526RiponMarmaladLevel HedgeYes0.5111Stan James
1532FontwellVenetian LadLevel HedgeYes0.6820Stan James
1532RiponOne BoyLevel HedgeYes1.1120Stan James
1534RiponOne BoyLevel HedgeYes1.2620Stan James
1544KemptonSt PaulLevel HedgeYes0.620Stan James
1554RiponAngus OgLevel HedgeNoodds gone with bookStan James
1556Nott’mGrevilleaLevel HedgeNoodds gone with B/fairStan James
1558FontwellLong WLevel HedgeYes0.620Stan James
1600SouthwellTwo MoonsLevel HedgeYes1.7120Stan James
1604SouthwellTwo MoonsLevel HedgeYes1.0515Stan James
1620RiponMarmaladLevel HedgeYes1.5120Stan James
1626RiponMarmaladLevel HedgeYes1.5120Stan James
1630RiponMarmaladLevel HedgeYes0.6810Stan James
1632SouthwellNovalistLevel HedgeYes1.2620Stan James
1638SouthwellCoach MLevel HedgeYes0.6920Stan James
1640FontwellHinton ILevel HedgeYes0.8320Stan James
1644SouthwellCoach MLevel HedgeYes1.5520Stan James
1650KemptonFor AymanLevel HedgeYes0.4610Stan James
1658RiponOne BoyLevel HedgeYes0.556Stan James
1710KemptonFor AymanLevel HedgeYes0.9220Stan James
1711SouthwellNovalistLevel HedgeYes0.6820Stan James
1715KemptonFor AymanLevel HedgeYes0.9220Stan James
1717KemptonSt PaulLevel HedgeYes2.3220Stan James
1719KemptonYasirLevel HedgeYes0.869Stan James
1723RiponOne BoyLevel HedgeYes0.9315Stan James
1735KemptonSt PaulLevel HedgeYes2.3520Stan James
1739KemptonFor AymanLevel HedgeYes0.457Stan James
1743KemptonSt PaulLevel HedgeYes1.8420Stan James
1745RiponChoisanLevel HedgeYes1.3915Stan James
1749KemptonYasirLevel HedgeYes1.0919Stan James
1753KemptonFor AymanLevel HedgeYes0.589Stan James
June 5th
1327Ffos LasStreets of PLevel HedgeYes0.776888Sport
1329HamiltonCamerooneyLevel HedgeYes0.6920888Sport
1335HamiltonCamerooneyLevel HedgeYes0.3510888Sport
1346HamiltonCamerooneyLevel HedgeYes0.346888Sport
1347S/wellGrandestLevel HedgeNoodds gone on B/fair
1353Ffos LasWho Am ILevel HedgeYes0.7314888Sport
1421HamiltonOrwellianLevel HedgeNoodds gone at bookie
1423Ffos LasCygnetLevel HedgeYes0.3120888Sport
1425Ffos LasLa PergoleseLevel HedgeYes0.38888Sport
1429Ffos LasLa PergoleseLevel HedgeYes0.6712888Sport
1447KemptonShaolinLevel HedgeNoodds gone at bookie
1459LingfieldSoftly She TrdsLevel HedgeYes1.4320888Sport
1509HamiltonCall Of DutyLevel HedgeYes1.4520888Sport
1511HamiltonLord FranklinLevel HedgeYes2.3520888Sport
1515LingfieldDark DaysLevel HedgeYes1.4420888Sport
1517HamiltonCall Of DutyLevel HedgeYes1.5320888Sport
1521S/wellJacobs SonLevel HedgeNoodds gone at B/fair888Sport
1523Ffos LasLa PergoleseLevel HedgeYes0.839888Sport
S/wellJacobs SonLevel HedgeYes0.6310888Sport
1533LingfieldNoble KimbleLevel HedgeYes0.9420888Sport
1541HamiltonFlighty ClaretsLevel HedgeYes0.6312888Sport
1547Ffos LasLa PergoleseLevel HedgeYes1.5714888Sport
1559Ffos LasGwili SLevel HedgeYes0.4515888Sport
1605Ffos LasLa PergoleseLevel HedgeYes0.59888Sport
S/wellJacobs SonLevel HedgeYes0.7820888Sport
1613LingfieldNoble KimbleLevel HedgeYes0.9420888Sport
1617HamiltonBunceLevel HedgeYes1.3920888Sport
1627Ffos LasLa PergoleseLevel HedgeYes0.8315888Sport
S/wellBognorLevel HedgeYes0.7520888Sport
1633KemptonShagalLevel HedgeNoodds gone at bookie888Sport
1641S/wellBognorLevel HedgeNoodds gone at bookie888Sport
1703KemptonPanda SpiritLevel HedgeYes0.5111888Sport
1709Ffos LasDanandyLevel HedgeYes0.4213888Sport
1715Ffos LasDanandyLevel HedgeYes0.9320888Sport
KemptonDumbfoundedLevel HedgeYes0.8820888Sport
1719TipperaryFog Of WarLevel HedgeYes0.55888Sport
1721Ffos LasLa PergoleseLevel HedgeYes0.6920888Sport
1723KemptonExtremityLevel HedgeYes0.3510888Sport
June 6thHospital day, no activity
June 8th
1233PerthGoalLevel HedgeNoodds gone B/fair
1307GoodwoodEmmanbeeLevel HedgeNoodds gone bookieLadbrokes
1409PerthGoalLevel HedgeNonon-runner, suspended
1437PerthGoalLevel HedgeYes0.236Ladbrokes
1455CurraghBig Bad LilyLevel HedgeNoodds gone bookieLadbrokes
Five further alerts, all odds gone at bookie
June 9th
1345WindsorLivalLevel HedgeNoodds gone at bothCoral
1359AyrMonelLevel HedgeNoodds gone at B/fairCoral
1417AyrMonelLevel HedgeYes0.144Coral
1425AyrSan CassianoLevel HedgeYes0.9820Coral
1433AyrSan CassianoLevel HedgeYes0.4820Coral
1437AyrSan CassianoLevel HedgeYes0.4820Coral
1441AyrTropenfeuerLevel HedgeYes0.358Coral
AyrMonelLevel HedgeYes0.247Coral
1443AyrSan CassianoLevel HedgeYes0.9820Coral
1445AyrTropenfeuerLevel HedgeYes1.3920Coral
1447Newton A.Table BluffLevel HedgeYes1.5120Coral
1453AyrMonelLevel HedgeYes0.1320Coral
1501RoscommonTheatre MillLevel HedgeYes0.26Coral
1515AyrTortoiseLevel HedgeYes0.6820Coral
RoscommonRed All StarLevel HedgeYes0.6417Coral
1539Newton A.Table BluffLevel HedgeYes1.7520Coral
June 10th
1147RoscommonElle MiaLevel HedgeNoodds gone at B/fairWm Hill
1305FontwellCinematiqueLevel HedgeNoodds gone at B/fairWm Hill
1431FontwellLadfromh/wLevel HedgeYes0.2316Wm Hill
1457FontwellNorfolk SkyLevel HedgeYes0.4320Wm Hill
1507FontwellMr FickleLevel HedgeYes1.1120Wm Hill
1509SalisburyMr Dandy ManLevel HedgeYes1.3615Wm Hill
1511FontwellBoss in BootsLevel HedgeYes0.6920Wm Hill
1527SalisburyMen Don’t CryLevel HedgeYes0.177Wm Hill
1551SalisburyMen Don’t CryLevel HedgeYes1.7520Wm Hill
1553SalisburyMen Don’t CryLevel HedgeYes1.7520Wm Hill
1639SalisburyIntomistLevel HedgeYes1.2620Wm Hill
1643SalisburyIntomistLevel HedgeNoodds gone at bookieWm Hill
June 11th
no signals at all today32Red
June 12th
no signals at all todayBetinternet
June 13th
no signals at all todayCorbett Sports
June 14th
no signals at all todayIAS
June 15th
day off
June 16th
no signals at all todayMarathonbet
June 17th
no signals at all todaySportsbet
June 18th
no signals at all todayTitanbet
June 19th
no signals at all todayWilsonbet
June 20th
no signals at all todaySpreadex
June 21st
no signals at all todayBet Bright
June 22nd
no signals at all todayWinner
Traded 1200-1400Stan James8 successful3.254 failed0.81 av profit2 failed on day, Betfair odds gone
Traded 1200-1400BetVictor21 successful33.445 failed1.59 av profit36.69/2 = 18.34 ph profit
Traded 1200-1500Totesport2 successful5.022 failed2.51 av profit
Traded 1200-1500Coral3 successful1.615 failed0.54 av profit6.63/3 = 2.21 ph profit3 failed on day, Betfair odds gone
Traded 1500-1700Betfred7 successful9.213 failed1.31 av profit
Traded 1500-1700Boylesports4 successful2.963 failed0.74 av profit12.17/2 = 6.08 ph profit7 failed on day, Betfair odds gone
Traded 1400-1600Bet3654 successful8.363 failed2.09 av profit2 failed on day, Betfair odds gone
Traded 1400-1600888Sport3 successful2.490 failed0.83 av profit10.85/2 = 5.42 ph profit
Traded 1330-1530Paddy Power0 successful02 failed0 av profit5 failed on day, Betfair odds gone
Traded 1330-1530William Hill15 successful24.1511 failed1.61 av profit24.15/2 = 12.07 ph profit
Traded 1330-1630Ladbroke1 successful4.083 failed4.08 av profit1 failed on day, Betfair odds gone
Traded 1330-1630Sportingbet2 successful11.192 failed5.59 av profit
Traded 1330-1630Skybet2 successful0.411 failed0.20 av profit15.68/3 = 5.23 ph profit
Conclusion:-13 bookies72 successful106.1744 failed1.47 av profit106.17/14 = 7.58 ph profit20 failed on Betfair odds
Potential arbs per hourBet3651
888Sport13
Betfred7
Boylesports10
Coral4
Ladbroke2
Paddy Power1
Skybet3
Sportingbet16
Stan James30
Totesport9
BetVictor21
William Hill7
Total124

Review Overview

Profit - 75%
Ease of use - 70%
Cost effective ratio - 60%

68%

Good

Arbitrage is very much a Marmite area, and this software approach certainly won’t suit everybody. To fully benefit from it will, like all arbing, involve effort and commitment, but it can be profitably dipped into at any time UK and Irish racing is live.

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About Race Advisor

Race Advisor
The Race Advisor is one of the leading blogs on betting in the UK. Our goal is to help you generate more profit from your betting than you’re currently doing. With thousands of blog posts and some of the leading horse racing analysis software out there, if you’ve got a question about betting then we’re here to make sure you get the right answer.

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8 comments

  1. Hi there

    I ran this software for a period of 12 months last year, I echo your comments, and a fast internet connection is a must. I found on many occasions that the prices just quoted had gone when I came to place a bet, one of the most annoying things was the fact that the feedback of bookie prices through the software was at times lagging beyond that which was offered on line, a couple of times 10/15 mins behind and this after several refreshes. The worst effect was that although I placed bets with the bookmakers in round numbers, no odd amounts and also that I staked according to the odds offered, therefore I did not have any fluctuations in bets when compared to the odds offered. Unfortunately my accounts were swiftly closed or reduced to a level that was not workable, in one case I had accumulated less than £100. I did wonder if my name had been passed on to other bookies to ensure that I was completely barred as the subsequent closures happened over a very short time span. As I found out us punters are not supposed to win, only add to the coffers of the Bookmakers.

    Perhaps a better way is to attend a Bookmakers Shop that has fast wifi and place cash bets over the counter, however even this may lead to problems with counter staff??, another alternative maybe is to attend a racecourse equipped with wifi.

    Derek

    • Hi Derek

      Some very good points there – thankyou. With regard to the prices vanishing at the bookies, I think it will be more of a problem if anyone uses more than a couple of them at once, as the time needed to read the information, process it and act on it is considerably less if there are just two or three items coming through every two minutes rather than up to 20, which is the most I’ve seen at a time on the full package. I’ve found that by sticking to one book a session the price is still there over 85% of the time, although for many of them the ROI is down from 10-20% to 3-6% – still worth taking, but it shows that the really big arbs, which are verging on ‘palps’, are spotted very quickly indeed. There are also times when the person tasked with monitoring Betfair has clearly gone for a ‘comfort break’, and these spots are highly lucrative. I haven’t found any bookie clampdowns thus far, but I have been moving around of course. Mind you, I was closed down by Bet365 and Boylesports a year ago just for a minor spot of bonus bagging, so I’m sure more wrist slaps will be along at some stage! Interestingly, most of the arbs highlighted are on hoirses that lose, so this has two advantages: firstly that the bookie will be happy to take your cash and keep it without restricting you, and secondly that your Betfair account grows, which is how I always prefer it to be.

    • Hi Richard

      A losing run of 86 is a massive headache, and you’re needing another 79-1 shot to come along pretty soon. As to whether it’s worth pursuing, that’s very much down to the historical hit rate and prices achieved of the method. I was once passed a golf system to test out – the creator boasted a hit rate of 4 or 5% at average odds of 50/1 or so. I crunched his numbers through a testing algorithm and it predicted losing runs of something truly scary, like 4 or 500. On delving into the results it was clear that much of the success was down to occasional winners at 150/1, 200/1 and the like, with up to 20 players being backed in each event. I binned it! Any system can be made to look a world-beater with the power of back-fitting, so I would strongly suggest that you look very hard at the previous performance of the method you’re using for the length of losing runs, and possibly go back to paper testing it for a while to see if things improve.
      As for RPB, you’re absolutely spot on with stressing that timing is key. My research so far has shown that, by sticking to set criteria and looking at one bookie at a time, a decent return can be made with the more established racing outfits, even to a maximum stake of just 20 quid. I’m not as quick round a keyboard as i used to be (arthritis), but most of the arbs were still there when I went for them. I think perhaps they’ve improved the software since the release you’d have been using, with the refresh rate now every 1 min 59 seconds.
      I hope you’re now back in profit with your current method.

  2. total waste of time tried to exchange this crap for something else knowing it can not work, same as Derek above still showing prices that were gone up to an hour ago dispite refreshing it myself every 15 seconds, trading and arbing are gone unless you are in the right place with the right gear,even betting in running and trading tennis as well are dodgy for same thing, all my profits are made with form and study not stats or trends or anything else racing ,world cup I am about £2000 up the last three weeks, but from the same stable as profit booster I am doing big odds winners it has had some lovely big winners, one at 79-1 but its all about timing is it not, I let it go 25 losers before I jumped in at £25 a go, as from yesterday its losing run is 86 yes its 86 all my money hard earned lost, now what do I do today do I carry on, what would you do richard

  3. Steve Davidson’s got more products for sale than Amazon. He’s obviously not a punter he is a business man and never offers a refund, that speaks volumes in itself. All his products are grossly overpriced, and if you don’t like it when you get it, or don’t think it is worth it, then you are stuck with a very expensive useless item. I only bought once from him, and that was enough.

  4. hello brian thanks for your reply the big odds winners went to 97 losers before a 34-1 winner and it has two at about 17-1 and another at about 32-1 but not with my money on its a fair idea and I will keep tabs on it, as for the profit booster you missed the point I made on refreshing the software, you can refresh it yourself every 15 seconds without waiting on auto so its miles quicker, dispite this with my setup of a laptop and two desktops , a selection came up on the software and by a fluke I had the very bookmaker which was totesport and the very race you cannot get a selection any quicker than that yet the price with totesport had gone twice, looking for 9-2 it was at 7-2 that makes it a no from me richard

  5. Interesting comments from everyone.
    I appreciate that like anything else it is how you use it that determines success or not.
    I use software to flag up discrepancies in prices and you do have to put some controls on usage.
    The way I work I managed to turn a bank of a few hundred pounds into a few thousand, so I am proof that it can work.
    It is not for everyone and you do have to move quickly to get the prices. I have no problem setting up at least six transactions a day with just one needed to win to turn a profit.
    When you work properly all losing bets are free bets and you never need lose more than a few pence a day the way I work.
    I am more than willing to explain my method because this does work. When you get to £20 transactions you can be making almost £400 a month.
    Yes, the biggest problem is having bookie accounts restricted or closed.
    There is plenty of information out there that explains what you can do to either avoid this happening or at least put it off longer.

    Dave West

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