We have come to the end of our three month trial of Goal Profits and here are the final results:
|Cost:||£37 + VAT per month|
|Average number of tips:||5 per week|
Goal Profits Full Review
We have completed our trial of the much-heralded Goal Profits, a suite of systems for trading football matches on the exchanges such as Betfair.
We have to confess to being slightly underwhelmed at the results after three months of testing.
Following the trades of Steve (who runs the service) exactly for 3 months has yielded just 12 points profit over the course of 63 matches traded.
So that would be nearly 100 hours of trading time to make 12 points profit, which at £10 per point doesn’t quite cover the subscription fees.
Now of course it wouldn’t quite have been 100 hours of trading because you would have been out of some matches before the 90-minute mark, but you get a good idea that lots of time needs to be invested here.
And for that amount of investment, we would like to have seen better results to make it worthwhile.
Here you can see the results for the trial in graph format – a good start followed by a long period of steady decline and then a big jump at the end.
What do you get with Goal Profits?
As we said previously in our results update, there are essentially three different types of trading system included in the Goal Profits package:
- Lay the Draw strategies
- “Matrix” systems
- Correct score strategies
In total you are given 28 potential strategies to trade with Goal Profits.
There are some bold claims made on the Goal Profits website that people trade these systems full-time for a living.
That may very well be true, but for us there needs to be much clearer direction given before we are convinced that anyone who joins can make such profits – or even just good profits.
We would expect there to be very clear instructions given for live trades. For example, an e-mail sent out prior to kick-off saying:
“Lay HT Draw in Liverpool v Chelsea at 2.4 for 1 point”
Then another e-mail after a goal saying:
“Trade out of Liverpool v Chelsea HT Draw market for 0.6 pts profit.”
If they did this across say at least half a dozen systems and these averaged a decent profit of around 5-6 points profit per month each, then we would be more convinced that following their systems can deliver a solid profit each month.
But as is, you can follow Steve’s trades in the forum for the most part and some of Kevin’s, but not the kind of clear, testable service outlined above we would like to see.
So the subscriber is left to test all these other systems for themselves and see what they can achieve.
For us there wasn’t anything in their 28 systems that jumped out as having a clear edge. And some of them are available elsewhere on line for free.
The “Lay the draw” system is well covered for free on the internet and we have our own strategy laid out here.
Plus we detail the “lay the draw at half time” strategy in our Football Betting Secrets manual which is available here.
So for us, whilst this made a profit over the trial, it wasn’t enough to merit a recommended rating and that is likely to remain the case for us unless they set up the kind of service we outlined above.
Ease of use: This is a heavy workload service to say the least. You will have to dedicate a considerable amount of time to firstly learning the systems and how they work and then to trading them.
Availability of prices: The prices Steve records for his systems are generally readily available. The correct score market is the main market you will trade following his methods and it has very good liquidity.
Strike rate: The strike rate for the trial was 33%, which is good and you shouldn’t have too many losing trades in a row here.
Advised Betting Bank: We used a 40 point bank for following Steve’s trades which we felt with a fairly good strike rate and 3.2 points risked per trade, would be comfortable and that proved the cae here. However, for each system that you trade you will need either a separate bank (recommended) or to increase the overall size of your bank if using one for all systems.
Subscription costs: The subscription costs are £37 + VAT per month, which are a little on the high side and there is no introductory offer for people to try for a period (e.g. 1 week or 14 days).
OVERALL VERDICT: NEUTRAL
Overall we can see that a lot of work has gone in to creating a suite of trading strategies here and the owners of the service, Steve and Kevin, are dedicated to their cause.
We would not deride any system that can turn a profit and Steve has managed to do that with his correct score trades, gaining 12 points over the course of our trial.
However, we feel that there is not enough here to give this a passed rating.
There are 28 systems provided, but excluding the correct score systems, we could not see that the other systems would guarantee a profit over the long term.
If there was a more systematic approach to providing live trading advice for those systems and they proved profitable, we could well be persuaded to change our view on this.
But until then, this goes into the neutral list for us.
Goal Profits – Results Update
11th January 2016
It has taken a little longer than normal to get our first update done on Goal Profits and we apologise for that if you have been waiting for it.
This one has been trickier to review than most systems we trial here at Honest Betting Reviews as there is an awful lot of information to take in – including a number of manuals to read, lots of videos to watch and about 30 potential systems to trade!
So that is probably the first thing to warn you about – if you do sign up to Goal Profits, be prepared to devote quite a lot of time getting to grips with it.
What is Goal Profits actually all about then?
Well Goal Profits is a set of systems for trading football matches on the exchanges such as Betfair. There are essentially three different types of trading system included:
- Lay the Draw strategies
- “Matrix” systems
- Correct score strategies
Looking at the Matrix systems, we had a look through each system but struggled to find anything that either wasn’t available for free elsewhere or had a clearly identifiable “edge” as such. Why would they make you money? That is the question we always ask with a trading system. There wasn’t an obvious answer for us when looking at those systems.
So that leaves us with the correct score strategies. These are probably the mainstay of Goal Profits and what the service is really about.
There are different methods for trading the correct score markets outlined, but basically they all centre on hitting certain “target scores” where you make a profit if a game finishes in certain scores like 2-3, 3-2, 3-1, 2-2, etc but a loss if it finishes 0-0, 1-0 or 0-1.
We have recorded the results for the main “Batman and Robin” trades that Steve, who runs the service, uses for his own trading.
After two months of trading and 50 matches traded, we are 4 points up overall.
Given the amount of time invested in having to be at the computer for the duration of those 50 matches, 4 points seems like quite a low return.
Plus, those are the official results if you have traded just like Steve and got exactly the same results as him. We have not managed to get as good results as these, but have been learning and are getting closer now.
It does take a bit of getting used to and knowing what you should do in each situation when a goal is scored.
So in summary the verdict so far is that the jury is still out on Goal Profits. We have struggled to make a profit after two months and a huge amount of time invested – and even following Steve’s trades exactly you would only be 4 points up.
We have a month to go in the trial so will be interesting to see how things turn out and if we can extract some more profit from this.
Will be back in a month with our final review.
Goal Profits – New Review
3rd November 2015
Today we are commencing a review of Goal Profits, a popular football trading product that focuses mainly on the correct score markets on Betfair.
This is a sister product to Value Football Betting, a service we have reviewed and originally gave a passed rating to but downgraded to a neutral rating after a disappointing run of results.
There are some fairly bold claims made on the sales page of Goal Profits – such as that they can “turn beginners into full-time professionals” and that some of their members “now work part-time because their trading profits provide enough income.”
The guy who runs the service, Steve Brown, also claims that “my correct score trading strategies and exclusive Team Statistics software have changed the way football matches are researched and traded for profit.”
Well that is perhaps the boldest claim of all, because it is one thing to say people make a living out of trading systems and another thing to say you have changed way the market is traded, particularly with a massive worldwide website such as Betfair!
Their claims appear to be backed up by something though, as they have won a number of awards for being the best trading product in their field.
So we are intrigued to find out what all the fuss is about and whether they can live up to their bold claims. At the end of the day, when you strip away all the hype and layers of theory and padding, any system ultimately comes down to results.
A lot of trading systems we have come across rely on either unrealistic amounts needed to trade on markets without enough liquidity, are so ridiculously complicated that it would take a degree in trading to comprehend them, or rely on super-fast trading out.
Hopefully that won’t be the case here and trading strategies will be more sensible.
Anyway, the key question is can they produce consistent profits month-in month-out. Well our trial will endeavour to find out.