We now have around 8 months of results for Profit at the Races so we thought it would be a good time for an update.
Here are the monthly totals since our trial finished on 9th June 2015:
|June (from 9th onwards)||-19|
|October (to 20th)||9.88|
It has been a disappointing run since the trial ended, with the service dropping 25 points. That means since our trial commenced in March, the service is now 8 points down overall.
Unfortunately we do not think a service that is down after 8 months of proofed results merits a continued place on our winning systems list, so this one is downgraded to a neutral rating.
We do look for services to continue to perform consistently over a long period and to show monthly profit as far as possible.
Regrettably Profit at the Races has had quite a few losing months and with a losing record overall since we started following it about 8 months ago, we feel it leaves us little option but to downgrade the service.
However, a total of 8 points down overall is no disaster and with results recorded at Betfair SP, this is a transparent and simple service to follow.
We therefore consider that a downgrade to a neutral rating is a fair verdict.
OVERALL RATING: NEUTRAL
Profit at the Races Final Review
9th June 2015
|Cost:||£29.99 per month|
|Average number of tips:||2 per day|
Profit at the Races Final Review
It’s been a solid trial for Profit at the Races here at Honest Betting Reviews.
At the end of the three month trial period, they have finished 17 points in profit. Any profit is welcome so we are pleased with that, but things were going quite a bit better early on in the trial, reaching nearly 50 points in profit at one stage.
And just after the trial finished, they landed a 25/1 winner (sod’s law I think they call that!) so perhaps we were a little unlucky with timing.
The services focuses solely on All-Weather racing, so selections have been much fewer since the flat season got under way in May and quite a few days there are no selections at all at the moment.
It’s very easy to follow though, with selections being provided in the morning by e-mail and you simply back them all at Betfair SP.
Here is a graph of the performance over the course of the trial:
As you can see, it started off in storming fashion, booming up to nearly 50 points profit, before falling all the way back down to zero and then recovering once again to be in profit at the end.
Ease of use: Very good – bets are provided in the morning (UK time) and you are instructed to place them at Betfair SP, so very quick and easy to follow.
Availability of prices: Very good – as above, the services records results at Betfair SP so you can guarantee getting the same results as they publish.
Strike rate: The strike rate for the trial was 18% so patience will be required to deal with losing runs.
Advised Betting Bank: A 100 point betting bank is advised, which seems reasonable. We were never in deficit during the trial which was good, but with a fairly low strike rate you should expect some losing runs along the way. Our longest losing run during the trial was 22.
Subscription costs: The subscription costs aren’t too bad at £29.99 per month.
OVERALL VERDICT: PASSED
Overall I am pleased with the results of the service. It does exactly what it says on the tin – simple, easy to follow and profitable.
I think we were a little unlucky with timing as just after the trial finished they landed a 25/1 and a 7/1 winner, so results could have been even better.
But as long as they continue to be profitable over the long run then this service warrants a place on our winning systems list.