Risk Free
 

I recieved an email form a chap on the gold coast saying that he has a method of backing horses for a risk free profit. It short on details, but it dide say it cost $10000 for a copy of this amazing system and it will never lose as long as one follows the rules.

What do you guys think?

snap it up Benny old son, must be a winner

& just in case your interested, ive got a bridge for sale....

I've seen a similar system advertised in the past (must be more than 10 years ago - maybe 15) that was basically a computer program that backed just about every runner in the race if odds permitted a profit - however miniscule. This originated from Queensland from memory. The system may have been called TOP or TOPE systems - something like that. It ran on MS-DOS - so it pre-dates Windows too. The 10K price tag also sounds familiar.

This of course was long before the days of Betfair were you can make consistent long term (but miniscule) profits 'trading' a horse that its laying at one price and backing at another.

That bridge sounds more viable................................

Cheap at twice the price Benny.
Just make sure you don't forget you gonna need a Betting Bank.
$10,000 asking price would make a mighty big dent in mine.
No good for me anyway because I have trouble following rules :(

Sounds like a winner Benny ! At that price I'd buy two lol

Benny, go for it....it sounds like a steal at that price. I have been using a system for quite some time now and I have never lost. You may have heard of it...Do Not Bet. I follow it religiously every week and my bank balance has never been better. When a better system comes along, I will take it.

Cheers
Rich

I want to join up! Its sounds to good to be true.

And this bridge of which you speak, stugots, is it still available or has some lucky swine already snapped it up?

If one were able to make say 5% on turnover betting say 90% of the field.

One would have to have a turnover of $200,000 so as to pay back the $10,000 price tag.

Generally, anyone asking for $5000+ is usually a system that is designed to catch out people who know nothing about racing.
That way if it goes pear shaped they can blame the user & not the program.

There is a Dutch betting program called Bet IE (Google)
This can actually create a book against the market where one can win 95% of the time by betting to a 93% of the market to make 3% POT allowing for commission on Betfair.

If you get bit just once , one will give most if not all of it back.
But it can work if one cherry picks the right races & knows when to stop.

The program has stronger way that it suggests like using its built in traffic lights that tells us what is the strongest betting opportunity to bet in as the market forms its prices.

My advise is to spend the $10,000 then tell us how much money you lost after a week or two.

I think you already know the answer to this my friend.

You would be better off using Bet IE for minimal risk betting.
It also has a laying program in it which measures the weight of money moving in the market, it then tells us if it is a good lay bet or not.

Can consistent profits be made on the punt?

Here is a little test for you .
If I gave you $100
Do you think you could make .40 a day, then stop each day , 7 days a week.
If so, you have answered the first part which suggests that a profit can be made out of punting.

Stopping is the most important bit.

Compounding this out the bank would double every 180 days.
Using the compounding rule of 72
.40% divided into 72 = 180

If one had a $100,000 bank.
Targeting .40% a day the stopping
That is $2800 a week
or $146,000 a year.

Have a little think about this.

Cheers.

I forgot to mention the other almost risk free betting method is called Trading.

Where one backs a horse to win at say 6/1 for say $10 then lays the same horse at say 5/1 for an amount of say $12.00 to make a profit whether the horse wins or loses.
Profit $2.00 if it wins or loses.

The maths for this is this.
Back 6/1 (7.00) x $10 = $60 prof if it wins = O/L $10

Lay 5/1 (6.00) divided into the possible $60 win profit = O/L $12

Result $2.00 profit whether it wins or loses.
That's 20% risk free profit.


The Lay price has to be less than the Back price to make this work..

The price is usually best capture betting in running in races 1600m+
or 8 furlongs = 1 mile if targeting the UK market.

This gives it the best chance of being matched up before the race is over.

Try targeting horses in the 5.50-6.50 range to start with so as to get a feel for it all.

Try to back first then make the Lay bet.
This is a lot less risky than the other way round.

There are programs that can do all this for you plus some have a stop loss function built into them for added safety if the price blows out & we miss the price..
A some of them offer a free trial before you buy.

These programs don't cost thousands of dollars like your friend is trying to touch you for.

I hope this is a start answering you inquiry.

Cheers.

My answer is no.

Some days you can start losing with your bets and just keep losing.

The quote above reminds me of the blackjack dealer at a Casino who was telling me how every gambler playing blackjack could leave a winner if they just stopped once they were in front. I replied, "And what happens if they get behind right from the start and never get in front. At what point do they stop playing and cut their losses?"