Oct
23
The Life System Review
Filed Under Not recommended systems | 188 Comments
The Life System is a new horse racing system that was only released at the beginning of October and I personally bought the system about one week ago. Here I’m going to give a honest review of The Life System.
Introduction to The Life System
The Life System is a very straight forward backing system for which you only need to refer to the Racing Post to obtain selections each day. The selection process will take you no more than 10 minutes. You do not need to study form or analyse horse data and the system includes staking advice about stopping at “First Blood” (i.e. stopping when in profit for the day) and having a Stop Loss figure as well. There is no dangerous loss recovery plan either although, during the first week of being released, there was a progressive staking plan advised but this was considered too risky and the results since 12 October are based on level stakes.
Since The Life System launched on 05 October, it has produced no less than 81.86 points net profit! That’s virtually 82 points up in just 18 days! Now, let me be clear, it will not produce profits like this every day/week/month but from when I started using the system, I have made around 50 points net profit in the first week.
Results are posted daily to the website and are genuine….I know because I have been betting on the selections!
Just as with Michael´s Place Lay Formula, the sales website is not wonderful but really, who cares if the system is able to show consistent profits? The profits to date might be a flash in the pan and certainly I had one bad day last week when I lost 30 points and the air turned blue!
Read more and dowload The Life System here
Cheers
Jon
Results for The Life System
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23 Oct – Day 1
If you want to see the results from 5th October, they are posted on the system website. To protect the selection process, I cannot disclose the details of losing bets but will show profit and loss as points. At the moment, the author recommends using level stakes with no loss recovery staking plan. As usual, I will show profits net of 5% Betfair commission.
The daily target is to achieve 1 point profit and then stop for the day. Sometimes this happens very quickly, but not always! The author suggests a daily stop loss of -30 points although I feel this is too high and I personally use -15 points as my stop loss. So, today the results are:
Bet 1 Brighton 14.00 Midnight in May Won Betfair price 3.6 +0.57 points
Bet 2 Lost -3.00 points
Bet 3 Lost -3.00 points
Bet 4 Brighton 14.30 Arushore Won Betfair price 13.00 +9.50 points
Total for day is +4.07 points
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24 Oct – Day 2
Bet 1 Lost -3 points
Bet 2 Won +0.29 points
Bet 3 Lost -3 points
Bet 4 Lost -3 points
Bet 5 Won +11.4 points – Stop at First Blood i.e. in profit by at least 1 point.
Net profit for day +2.69 points
P/L to date +6.76 points
And we finished the day with a 14/1 winner!
Please note that disclosing horse names, race courses and prices means some people can work out the system and the author has asked me to report daily activity as shown. However, I will be keeping detailed records and will supply these to Admin at the end of the test so he can back check if you want.
Additionally, there may be days when my points profit will differ to the system website results depending on when bets are placed on Betfair. I believe that they are identical so far.
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25 Oct
The system recommends no betting on Saturdays and in the last 7 days since 19 Oct, the system made +38.14 points profit. Interestingly though, if you had bet today you would have made +2.85 points very quickly.
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26 Oct – Day 3
Bet 1 Lost -3 points
Bet 2 Won +6.46 points – Stop at First Blood i.e. in profit by at least 1 point.
Net profit for day +3.46 points
P/L to date +10.22 points
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27 Oct – Day 4
Bet 1 Lost -3
Bet 2 Lost -3
Bet 3 Lost -3
Bet 4 Lost -3
Bet 5 Won +4.94
Bet 6 Lost -3
Bet 7 Won +11.88 Stop at +1 point / First Blood
Net profit for today + 1.82 points
P/L to date +12.04 points
A little bit more difficult to get into profit but that happens sometimes. Just to clear up any confusion over the points gained, The winner for Bet 5 was matched at 8.2 on betfair and the winner for Bet 7 was matched at 15.5. As mentioned in the comments, please do not assume that Bet 1 was made in Race 1. There are a couple of system rules that can disqualify a race.
The system author did not stop at Bet 7 as he did not get such good prices on these two winners
). So he continued to bet until he could show at least one point profit. The results on the system website will, I believe, show a loss for the day. Just as a point of interest, the author also told me that during the pre release phase, the system has recorded a profit of +670 points in the last six months.
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28 Oct – Day 5
Bet 1 Lost -3
Bet 2 Won +5.32 (winner matched at 8.6) Stop at First Blood
Net profit for today + 2.32 points
P/L to date +14.36 points
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29 Oct – Day 6
Bet 1 Lost -3
Bet 2 Lost -3
Bet 3 Won +1.43 But carry on until in profit for day
Bet 4 Lost -3
Bet 5 Won +10.45 Stop at First Blood
Net profit for today + 2.88 points
P/L to date +17.24 points
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30 Oct – Day 7
Bet 1 Won +5.13 points
The Betfair SP on the winner was 8.4 which I have used to calculate the profit.
Net profit for today + 5.13 points
P/L to date +22.37 points
Ilama and I have exchanged a couple of emails and he makes a very valid point about why backing all selections yesterday at Betfair SP resulted in a fantastic 29.31 points profit. I think it is certainly worthwhile monitoring the results at Betfair SP as curiously most selections got longer prices on the SP than I could get matched in the live market!
Ilama´s view is this might be because there was long run of losing favourites yesterday and for bettors who use “bet on the favourite” type systems, this may have shortened favourite prices with each losing favourite, thereby lengthening our selections (which do not include favourites).
If I have misunderstood his thoughts, I hope he will post below. However, I do urge those of you using the system to take care as backing all selections regardless of when you get into profit is not a system rule. Also, if there is a bad day with few or perhaps no winners, you risk losing a lot of money. For an average day´s racing you could be staking a total of 60 points (20 races x 3) which even with a couple of long odds winners would probably still mean an overall loss.
So I intend to continue the test in accordance with the system rule of SAW or First Blood with a maximum stop loss of -30. (Again, I feel the stop loss is too high for most of us and I personally use -15).
One of the most important considerations when betting is for you to be comfortable with the level of exposure or liability. Do not take risks with this or any other system simply because of one good day. If, after a month of monitoring Betfair SP backing all selections, the profit is better than SAW that will simply enhance the merits of the system. But let´s wait and see.
If you had backed all selections today, you would have made +26.23 points profit at Betfair SP. However this includes one winner at Betfair SP of 27 which if ignored means you would have earned 3.33 points on the other selections. I am not trying to be negative but there are no guarantees a big priced winner will occur every day.
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31 Oct – Day 8
Another good day for this system which seems to have generated a lot of pro and against discussion in just one week!
Bet 1 Won +11.88 points SAW
Betfair SP for winner was 15.5 although horse was trading at 20 earlier in the day when I placed my bet!
)
Net profit for today + 11.88 points
P/L to date + 34.25 points
If you had backed all selections in all qualifying races today, you would have made a staggering 42.21 points profit at Betfair SP. This figure does include one winner with a massive Betfair SP of 35.25 but even ignoring this you would have still made 6.96 points from all other selections.
Note of caution still applies. It is still far too early to ignore the system rules until a full month´s test has been completed. Also the soft ground may be helping the system at the moment with many favourites losing.
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01 Nov – Day 9
Bet 1 Won +9.50 points Stop at First Blood
Net profit for today + 9.50 points
P/L to date + 43.75 points
If you had bet on all qualifying races at Betfair SP you would have made +2.62 points. So following the system rule of SAW or First Blood was more profitable today than backing all horses at Betfair SP. It is probably a case of swings and roundabouts as there were no “big winners” today, although three winners were priced at Betfair SP of 13 and a couple of others around Betfair SP 10.
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02 Nov – Day 10
The first day the system test has ended with a loss. Watching the racing on Betfair, it seemed to be a good day overall for favourites which of course did not help! All wins recorded at Betfair SP.
Bet 1 Lost -3 points
Bet 2 Lost -3 Points
Bet 3 Lost -3 points
Bet 4 Won +4.56 points (but carry on as not yet +1 point or -30 points as per system rules)
Bet 5 Lost -3 points
Bet 6 Lost -3 points
Bet 7 Lost -3 points
Bet 8 Lost -3 points
Bet 9 Won +2.85 points (but carry on as not yet +1 point or -30 points (system rules)
Bet 10 Won +6.65 points (but carry on as not yet +1 point or -30 points as per system rules)
Bet 11 Won +0.69 points (but carry on as not yet +1 point or -30 points as per system rules)
Bet 12 Lost -3 points
Bet 13 Lost -3 points
Bet 14 Won +7.12 points (but carry on as not yet +1 point or -30 points as per system rules)
Bet 15 Lost -3 points
Bet 16 Lost -3 points
Net profit for today - 11.13 points
P/L to date + 32.62 points
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03 Nov – Day 11
A bad day for The Life System but one that perhaps redresses the balance a little. There has been quite a bit of discussion about betting on all qualifying races using Betfair SP, what Stop Loss to use and perhaps a bit too much excitement when the big winners have occurred. (Me included!).
As I have said earlier, the only true test of any system is to apply the rules and allow the system to stand or fall by those rules and The Life System does include several filters about number of runners, odds on favourites and minimum betfair price for any of our selections. This last rule says that the selections must be trading at least at 3.1 to ensure a profit is made. The filters or rules if you prefer meant there were three “No Bet” races today.
For the purpose of the test, I am following all system rules and the results for today were:
Bet 1 Lost -3 points
Bet 2 Lost -3 points
Bet 3 Lost -3 points
Bet 4 Won +1.62 points (but carry on until First Blood or Stop Loss reached)
Bet 5 No Bet. One of our selections won the race but was priced at less than Betfair SP 3.1
Bet 6 Lost -3 points
Bet 7 No Bet. Again one of the selections won but Betfair SP was 1.99
Bet 8 Lost -3 points
Bet 9 No Bet. The Betfair SP for the race favourite (not one of the selections) was odds on.
Bet 10 Won +2.96 points
Bets 11 to 16 Lost -18 points
Bet 17 Won +3.18 points
Bet 18 Lost -3 points
Bet 19 Lost -3 points System Stop Loss reached at -31.24 points for day
Net profit for today - 31.24 points
P/L to date + 1.38 points
After the fantastic results from 29-31 Oct which generated a massive +101 points, we have slipped back to just over +58 points betting on all qualifiers at Betfair SP since 29 Oct (6 days) . However, it is evident that this is a much better outcome than following the system rule of SAW /First Blood with a Stop Loss of -30 points per day as can be seen above.
I think it is up to individuals to decide their own Stop Loss comfort zone for both this and any other system. As I have mentioned before, I consider a Stop Loss of -30 points is far too high and a few losing days could easily wipe out your bank. To be fair to the system author, he does say in the ebook to be careful when using the system and not to get carried away. In fact there is quite a long section about money management.
One of our readers, Greg, kindly sent me his loss recovery staking plan and dutching system which is set to stop at +1 point profit. This does mean betting on all selections until a winner occurs but as long as that event happens you are guaranteed a daily profit. Of course, this approach will mean ever increasing stakes until the winner arrives, but it is an alternative option. The system author advised me that they have not experienced a day with no winners but no one can guarantee what might happen in the future.
In an earlier email conversation with Ilama, he made the point that the system obviously does well when race favourites are having a bad day. We agreed that it might be worth leaving the first 3 or 4 races to see if it appears that it is a favourite winning or losing day. I´m sure Ilama won´t mind me saying that this is not a particularly scientific approach but even so he may well have a valid point.
The great thing about testing systems is the contributions made by everyone and often this helps iron out any flaws and is of benefit to everyone. I still consider this to be a worthwhile system if used responsibly but let´s reserve judgement until the end of the test.
If you had backed all qualifying selections at Betfair SP today, you would have made a loss of -31.58 points, so virtually the same as following the system rules. There was another system winner, not shown above, late in the day but too late to make any difference!
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04 Nov – Day 12
A mixed day depending on which system you are following! Also there is some question over whether you should bet if the favourite is odds on. The ebook says not to bet if the favourite is priced at 2 or less unless there are at least 8 runners in the race. Personally, I think it depends on the price for the 2nd and 3rd favourites but for the purpose of the test we will follow the rules.
Bet 1 Lost -3 points
Bet 2 Lost -3 points
Bet 3 Won +3.98 points (Fav 1.84 but 9 ran) Carry on until FB or Stop Loss -30
Bet 4 Lost -3
Bet 5 No Bet as less than 6 runners but selection did win at Betfair SP 13
Bet 6 Lost -3
Bet 7 Lost -3
Bet 8 Lost -3
Bet 9 Lost -3
Bet 10 Won +5.64 Carry on until FB or Stop Loss -30
Bet 11 Won +1.62 Carry on until FB or Stop Loss -30
Bet 12 Won +13.30 points Stop at First Blood
Net profit for today +3.54 points
P/L to date +4.92 points
If you had bet on all qualifiers at Betfair SP you would have ended up + 7.73 points if you did not bet on races with less than 6 runners or +14.23 points if you included the two races with less than 6 runners.
As you would have continued to bet on the remaining races after the system stopped at First Blood, these included a race with less than 6 runners and another race which produced a winner at Betfair SP 23.2.
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05 Nov – Day 13
A better day if you are following the system rules about SAW/First Blood. Hopefully, we are on the road to recovery. All wins are shown at Betfair SP although I managed to get matched at higher prices in the live market a few minutes before the race start on two winners.
Bet 1 Lost -3 points
Bet 2 Lost -3 points
Bet 3 Won +4.56 points Carry on until First Blood
Bet 4 Won +2.29 points Carry on until First Blood
Bet 5 Lost -3 points
Bet 6 Won +2.76 points Carry on until First Blood
Bet 7 Lost -3 points
Bet 8 Won +2.19 points Carry on until First Blood
Bet 9 Lost -3 points
Bet 10 Won +6.65 points First Blood
Net profit for today +3.45 points
P/L to date +8.37 points
If you had bet on all races at Betfair SP and not stopped at First Blood, you would have made a loss of -7.64 points at the end of the afternoon racing although you would still be +68 points from 29 October when we started comparing at Betfair SP without SAW/FB.
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06 Nov – Day 14
A good day for the system with at one point a run of 3 winners and then 4 winners separated by a non qualifying race where one of the selections staggered home in second place, beaten by a head!
All wins shown at Betfair SP although I managed to get matched at a combined 3.56 points better on the three winners in the live market.
Bet 1 Lost -3 points
Bet 2 Lost -3 points
Bet 3 Lost -3 points
Bet 4 Won +4.35 points
Bet 5 Won +5.28 points
Bet 6 Won +3.52 points First Blood
Net profit for today + 4.15 points
P/L to date +12.52 points
However, if you had carried on betting on all qualifying races at Betfair SP, you would have made a further +38.77 points on an additional 5 winners. This brings the total P/L for this approach to +107.68 points since 29 October. That is in just 9 days, an average of 12 points each day, which includes one losing day of -30 points.
STOP PRESS!
Just as a matter of interest. Evening races are not recommended because the system strike rate is lower on AW courses. But if you had followed the system this evening at Great Leighs, you would have added a further 5.58 points to the day´s total. This included a winner at Betfair SP of 16.05.
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07 Nov – Day 15
Just one bet required today to get into profit and SAW / First Blood. All winners shown at Betfair SP so if you are betting in the live markets before the race, you may have different results.
Bet 1 Won +6.82 points SAW/First Blood
Net profit for today + 6.82 points
P/L to date +19.34 points
If you had bet on all qualifying races this afternoon, you would have finished with a net loss of -18.80 points and this includes a winner early on at Betfair SP of 26. So, as discussed many times, betting on all races may not always produce a big profit. You have to be willing to accept heavy losing days and a bit of a roller coaster ride. However, from 29 October, when I started monitoring all qualifying races at Betfair SP, you would still be +94.47 points up.
I have been advised by the system author that he is withdrawing the e-book in the next few days as he wants to protect his Bet Master members from worsening liquidity in the Betfair markets. Please don´t think this is a sales ploy as it really doesn´t matter to me if you buy the system or not! He confirmed that the Bet Master subscription membership will continue so if you have joined that service there is no need to panic!
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08 Nov – Day 16
Another profitable day with just five bets needed to stop at First Blood, winners recorded at Betfair SP.
Bet 1 Lost -3 points
Bet 2 Lost -3 points
Bet 3 Won +4.42 points but carry on until First Blood
Bet 4 Lost -3 points
Bet 5 Won +9.73 points Stop at First Blood
Net profit for today + 5.15 points
P/L to date +24.49 points
If you had bet on all qualifying races today (and there were 4 that did not meet the system rules) then you would have ended the day with a loss of -7.21 points.
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08 Nov
Extraordinary Comment on The Life System
In reply to the comment posted by Glen of betgear.net today (comment 75), I consider it is only fair to clarify a few points:
1. Glen had emailed me privately following my comment 64 on 5th November, requesting I identify the errors on his data spreadsheet. This is the reply I sent to him on 7th November which I have copied here so that we may keep matters in some perspective:
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Hi Glen
As I said on the review site, I really don´t have the time to check all your data and indeed have no wish to suggest that it is incorrect. I did take a look at 23rd and 24th October as both days were covered by my trial of the system.
23 Oct Brighton 14.00 Race not shown winner was Midnight in May (LS selection) Betfair SP 3.2
24 Oct Fakenham 14.05 Race not shown winner was North Walk (LS selection) with Betfair SP 2.88 – you may not have included as price below 3.1 as per system recommendation, but the horse might have been available at a higher price pre start.
24 Oct Fakenham 17.25 Race not shown – this would probably have been a no bet as favourite was priced at 1.84 but was won by Kaladan (LS selection) BFSP 3.2. But again the favourite may have been longer before the start.
I always include no bet races with a note why it is a no bet because there have been occasions recently when a Life System horse has won in a 4/5 runner race with an odds on favourite. Just monitoring whether the filter is necessary.
Also, there are a few differences between the prices you have logged and BFSP and indeed prices I got in the pre race live market. Again, I am not trying to make an issue out of this, just an observation.
Anyway, all I am trying to do is trial The Life System in a fair way applying the system filters and see where we are after a month. The review site Admin also asked me to record all wins at Betfair SP which we do, although I am not sure I completely agree with this as many other systems rely on trading which simply wouldn´t work if using BFSP.
There have been many occasions when the pre race market has been offering 20-25% above BFSP.
Best wishes
Jon
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Glen then posted his reply on this site which needs to be clarified:
He uses 1 minute before official start time to record the Betfair price.
Well, fine if that´s what you want to do but I really do not see the difference in doing that or using Betfair SP when trialling a system. In many instances, as borne out by comments from Gavin and Stuart about this system, betting in the live market is more profitable than Betfair SP. What´s so special about 1 minute? Why not 2 minutes or 30 seconds?
Quote: “Midnight in May was 2.98 at 1 minute before the off”
I really wouldn´t know if this is correct or not and can´t see the relevance of the comment. I got matched at 3.6 pre start and the Betfair SP was 3.2. It was therefore a qualifying bet and should have been recorded as such.
Quote: “North Walk was 3.05 at 1 minute before the off”.
Again, I have no idea if this is correct. The horse´s Betfair SP was 2.88 which suggests it would not have been a qualifying race, but we don´t know for sure as it could easily have been trading higher earlier in the day.
Quote “The favourite may have been higher…..’ this is a joke right? If your testing a system stick to the same rules, don’t go adjusting them to try and pack more winners in. Be consistent with the time your placing the bets, etc”.
Not intended as a joke, am I incorrect in thinking that favourites sometimes do shorten before the race start?
We do stick to the rules and certainly do not adjust the rules to try and suggest the system is more profitable than it is.
We are very consistent with the time of recording the price….errr that´s why we use Betfair SP!!
Quote “You can’t base a results service on Betfair SP as you don’t know what the Betfair SP will be until after the off”.
For the purpose of the test Admin requested and so did others that we record prices at Betfair SP. We are not providing just a results service but an exhaustive test of this and other systems.
Quote “It’s a crap system, and doesn’t stand the test of time, the only one getting rich is the author….same with 95% of other systems”.
Presumably this derogatory comment is based on his 5,000 race back test for which there are questionable results shown for just two recent days. I suspect Stuart, Gavin, Ilama and Greg may disagree as verified by their comments on this site.
Quote “Oh, regarding FPS, PLEASE GET YOUR FACTS RIGHT, 32 points loss, and well in profit every year for the last 3 years”.
I thought I should save the best until last. Here is the link to Glen´s forum where several members and possibly subscribers to his FP bot are bemoaning their recent losses with FP:
http://forum.betgear.net/favourites-phenomenon-system-bot/was-today-a-losing-day/
My comment to Stuart about FP recording a loss of -84 points a few days ago was based on the following direct comment posted by one of Glen´s members to his forum on 5th November:
” My loss today was 84 points on full advanced staking. But as my bank was 60 points in profit I am just 24 points down on my starting bank. It knocks the stuffing out of you, but in for the term and begin slow recovery tomorrow.”
We are still trialling The Life System for at least another two weeks. At the end of the test we will collectively be able to make a judgement about the system´s merits or failures. Certainly I would not post derogatory comments about a racing system that is still under trial and where that opinion is based on possibly inaccurate data.
Cheers
Jon
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ADMINS OPPINION ABOUT THE LIFE SYSTEM
I have to put this system in NOT RECOMMENDED. The reason are that the ebook is not longer being sold, and the author has said that his results could not be copied. Furthermore, Glen has done some backtesting which shows some very poor results.
Another reason is the the Bot they are using seems to be not recommended by Betfair. You risk that the server will be hacked and someone gets all your Betfair Login information and all your bank could be lost.
I advise to stay away from this system for the time being.
To be fair it looks like people having used this system has had some quite good results in the last couple of weeks.
Kind regards
Nikolaj
ADMIN of HORSERACINGMAN


hi i am confuse , is it the author off the system that is going too test it ????????????
You say that you used level stakes for the staking plan, I don’t understand how you only won 0.57 points on the first selection on the 23rd October. The fact that you then lost 3 points in races 2 and 3 suggests that the level stake is 3 points. Then on a 13.0 selection, which won, you only were +9.50 points.
Is there something “Subtle” about the staking plan……?
Ib=> No It’s Jon who has tested a lot other systems on here.
Ilama=> You don’t just back one horse per race that is why you lose more than 1 point when you lose.
Admin is correct on both points! But, if I show the losers and their prices etc, you could probably work out the system in 5 minutes.
So, I will show winners and report losers by showing -points.
Yesterday could have been even better if I had ignored the system Stop at First Blood rule. Later that day I picked up winners at betfair prices of 21 and 18.
I suppose there has to be an element of trust that my reporting is accurate. Admin can back check the results at the end of the test to give you peace of mind.
Jon
Hi Admin,
I have started to follow this system as well now……
Just to check to see if I am doing this correctly, I just wanted to query the results from Day 3 (Sunday).
You say that the system was +6.46 points from race 2.
This means that the winning horse returned at 9.46 in that race. Did you really get on that horse at that price……?
Surely you are just using BetFair S.P. for your analysis……?
Using BetFair S.P. for that race then your profit on that race would have been +4.6 points (Less Commission)……?
Hi Ilama,
It’s Jon who is performing this test. I’m sure he will be able to answer you
Good to see that some are following the results
Llama
Do not confuse race numbers with bet numbers. They are not necessarily the same! There are a couple of rules that can disqualify a race, so if you are simply following all race cards, you won´t always be right.
The horse you refer to was matched at 9.8 on Betfair, leaving 6.46 points after the other two losers and betfair commission at 5%
Jon
Hi John,
Thanks for getting back so quickly.
I am assuming that you are talking about the 1 pm race……?
To get a price of 9.8 you must have backed at almost the perfect time. The BetFair SP which I am using was a mere 7.6.
Surely to be fair, the BetFair SP should be used in the analysis, otherwise one’s timing skills come into play and that can be rather subjective.
My results for today’s results are also out. I am again using BetFair SP and again the prices that are reported on their website seem to be higher than my BetFair SP.
Please drop me an email if you want to duscuss.
Thanks.
can i just say that i think when the life system produces a big winner like it will say 15/1 – 50/1 in the first few races, like it has done in the past,, squabbling over the odd point here and there just doesn’t matter LOL.
Truly the greatest system i have ever seen..
everyone will see. i have been doing since the 6th of October and i can vouch my results are not far off the website and at many times my odds have been better than the website quoted..
Stuart
Llama
I don´t see why I should use Betfair SP to test the system. Surely, the whole point of Betfair is that the timing of bets can make a big difference, sometimes to the bettor´s advantage, sometimes not.
For example, yesterday I got better prices than the system author! But so what, it doesn´t mean there is anything wrong with the system. Today, maybe he will do better than me!
Stuart sums it up perfectly for me. I, too have used the system personally since 12 October and think it is a great system. Since then, I have collected on winners at 27/1, 33/1, 17/1 and several at around 10/1.
Normally I would never have considered backing some or perhaps any of those selections until The Life System came along.
The use of Betfair SP could be a good thing since it would do that everyone will be able to get excactly the same results. I think you should consider it
Otherwise I think it may be fair to ask for screenshots that the bets was actually placed at the odds quoted so that everyone can see that it actually was possible.
One other very important point about The Life System is DISCIPLINE. I cannot stress this enough. The nature of the system means you will be backing long odds horses on a regular basis of which a good number go on to win.
This can make you over confident and perhaps go on betting throughout the day when you will probably end up in the red or with a lower profit margin than you would have had if you had followed the system rules.
You MUST stop at a winner or when you are +1 point. That may not sound much but many days you will find the first winner will give you 3-4 points profit for the day.
Yesterday is a good example. It took 7 bets (not the first 7 races by the way) before finding a winner and a profit of 1.82 points.
If you had carried on regardless for the rest of the day, you would have ended up with a loss of -22 points.
So, please if you use the system SAW or when you are 1 point up. If winners are slow to come forward, I use a stop loss of -15 points for the day. The system ebook suggests a stop loss of -30 points but I think this is far too high and I recommend you impose a much lower limit.
However, since 5 October, just 3 weeks, the system has made around 74 points profit and the pre release test going back to April shows total profits of 670 points.
Now, I don´t think it would be responsible to suggest the system will make 100 points every month. So, let´s slash that and say it should make 60 points per month which is 2 points per day.
I don´t know many other backing systems that can produce that sort of return, do you?
Jon
Admin
I simply don´t have the time to monitor Betfair SP nor do I have the time or think it necessary to send in screen shots.
It sounds to me that you and perhaps others don´t believe the results I am posting. Well, that´s a shame as I do not consider that I have to prove my bets to anyone!
After all, I was not asked to use Betfair SP or send in screenshots when I tested Money Talks, Little Acorns, Place Lay Formula, so why now?
But if that is the case then I will simply stop testing now and get on with making money from The Life System.
What kind of research has been put into the suggestion that you should stop at a winner / profit??
I have a very hard time understanding these SAW systems. The results when you start the next day is going to be the same as if you continued the day before.
If the system shows a profit then the best thing should of course be to get as many qualifying bets on as possible. The fact that you are in profit has NOTHING to do with the next results.
Jon=> The problem is that you receive commissions on this one. When you don’t receive that I know that it is unbiased since you don’t have any reason to recommend a system.
I said earlier that I would be harder on this test due to that fact
You must also understand that people ask questions when the author (and other people using the system) has a big loss and you show a big win and it all is based on when you get the odds. There it would be good to provide a screenshot to proof that you actually got the bet on – otherwise people might ask questions about the integrity and it takes around 30 secs. to make and post.
I think you are doing a great job and believe that you are being honest so I really hope that you will continue
Jon,
I wasn’t suggesting that your odds were fabricated. All I was trying to evaluate was whether an absolute “Pleb” like me who could not pre-trade a horse race, even if my life depended on it, would do o.k. utilising the BetFair SP function.
You are obviously a very good pre-race trader and the prices that you are obtaining would not necessarily be the kind of odds that normal/unlucky people like me would therefore get.
From today, I will put up the results as per BetFair S.P. (If anyone is interested).
Hi Ilama,
I would be interested in how it performs to Betfair SP so please let us know
I follow Life system since yesterday and was surprised that the Sales page showed that huge loss yesterday. I did exactly what the system suggests, and I was short before hitting my stoploss mark, but then I caught a 15/1 winner in the 7th race which brought me an 1.4 point overall gain, where I stopped for the day.
Today second race brought me a winner at 8.8 for a day profit of 2.5 points, so nothing to complain in the moment, but I would be interested from where yesterday loss came.
I think you are missing the point about the system but if you want to post Betfair SP fair enough.
Will you post the whole day´s race card or stop as per the system rules?
Please remember that I agreed with the system author not to divulge race meetings and horse names to protect the system. I trust you will honour that agreement.
I have also sent Admin confirmation of the price I obtained on the winner discussed earlier.
Jon
Harry
You are obviously working the system correctly as I do. The system website showed the loss because they did not get as good a price as you and me on the two early winners which meant they had to continue until they reached one point profit. Unfortunately that did not happen and they ended up -22 points.
You and I ended up +1.4 to 1.8 points in profit.
As I have tried to explain, this system is really all about the opportunity to win on big priced horses that you probably wouldn´t have backed without using the system. I really don´t think recording prices at Betfair SP will add value but time will tell.
The most important part of the system is DISCIPLINE – see earlier comment.
Jon
Well, I’ve back tested this system using betfair and racing post data over the last year and the results are not good.
I would advise extreme caution on anyone investing money into this ’system’ there are far too many -30 days (49 in the last year) and stopping at 1 point or more results in a loss of 330 points (not including betfair commission)
Wonder why the page only starts 4th October instead of the 1st, well the 3rd was a -30 day as well.
Glen.
Results for TUESDAY 28th October using BetFair S.P.’s are as follows……(Based on 5% Commission).
+2.05 Points
If I am feeling adventurous, and if people want it, from tomorrow I will post nett result of ALL the eligible races for the day.
As Admin has suggested, why should the system have to stop after a profit for the day?
If the profit is gained after race 4, no one tells race 5 this, so why not carry on?
Anyway, the statistics will tell us more……
Obviously the advantage of playing all the eligible races for a whole day and you were happy to take BetFair S.P., is that you could set your P.C. up in the morning with your trades at BetFair S.P. and go away for the day……
Glen, this is an unbelievable discrepance between your backtesting and the 670 points profit stated here since April.
Or you can subscribe to the bot and probably get better prices and go away for the day
Yes, I agree there is a HUGE discrepancy.
You’ve probably got to ask where this 670 points figure came from, cos I just don’t see it. I stand by my results, I have all the information required to test it thoroughly, and can provide all selections along with results.
The other point being, if the author claims to have made 670 points profit, why is he selling it for £60 a time when he can just live off the proceeds?
Glen.
Yes,Glen’s findings are very worrying.I think it’s sensible to delve into past results before whooping up a system.Glen’s findings put the tin lid on it for me.Probably a loss over the past year or a very very small profit.Not worth the time or effort.I also see from the sales page that he has a bot for the system.ONLY £250 for several months use.Oh dear…
Ilama
Betting on all qualifying races is not a system recommendation and no matter what you think of Stop at a Winner, that is a clear system rule.
If you are going to ignore a rule, you do so at your own peril. After all, when I tested Money Talks, there was a clear rule about qualifying odds. Yet there were many horses that failed this rule that went on to win or get placed. Should I have ignored the rule?
Little Acorns has a clear rule about betfair prices. Why not say, well its only 0.5 outside the rule, lets bet on it anyway.
Fancy Fillies includes a rule about betting on the first qualifying filly. It doesn´t say go for as many as you can find on the day!
System rules are there for a reason – sometimes to stop bettors taking risks that can be avoided.
By all means post results for the entire race card but I can save you time by telling you that you will end up making a loss! That´s precisely why the SAW rule exists.
As I stated in the introduction to the system, the ebook recoommends a daily stop loss of -30 points. I said then and say again now, that is far too high for the average bettor. I personally use -15 points as I am comfortable with that level of exposure.
But you can introduce whatever level of exposure you are comfortable with.
My concern here is that you nust have bought the system to know which races and runners to follow. If you have, then surely you should follow the system rules and not vary them simply to suit your arguement!
If you have not bought the system (and certainly you have not through this site´s link) then I would be concerned that you may not fully appreciate the selection process.
If the view is (quote from your comment)
” why should the system have to stop after a profit for the day?
If the profit is gained after race 4, no one tells race 5 this, so why not carry on? ”
then you really don´t understand the nature of gambling at all!
Glen – I will take up your back test with the system author and see what he says. The information I posted about 670 points was volunteered by him in an email conversation about a system rule.
Can I ask if you know the selection process as I am not sure the Racing Post would hold the critical data? I may be wrong!
Jon
I trust Glen 110% on this one. Last news are the original selling price of £3 has now grew up to £60. Should be the true money making system here lol.
Glen
Would you be willing to discuss your back test by email. Obviously, it concerns me if there is a discrepancy between your test and the system´s claims.
You can reach me at jonsambrook@yahoo.com
Jon
My concern with this system, and I’m picking my words carefully to not give to much away, is that horses listed with the same odds on RP are done so in alphabetical order.
There seems no logic behind the selection process, do horses starting with the letter A have a better chance of winning than horses starting with Z?
Glen.
Yes, fair point but that is only a secondary selection process. The first and more important process is about prices.
Can you send me an email, so I can take up your back test findings with the author?
Jon
Just for the benefit of those interested, I have just placed the first bet for the day and secured the following prices:
7.4
10
14
No doubt Betfair SP will be different but I don´t want anymore suggestions that my prices may have been manipulated. Maybe I will get a winner, maybe not!
I will try to post the next set of prices until I SAW so that a true comparison can be made with Betfair SP.
I have also beemn in email contact with Glen who will send me his test results later today.
Jon
Bet 1 – Lost
Bet 2 8.6 / 24 / 36
Bet 2 Lost
Bet 3 4.5 / 13 / 15.89
Not a good day so far!
Bet 3 Won +1.43 but carry on as -4.57 on day
Bet 4 7.8 / 7.8 / 12
Let’s hope it turns around
Bet 3 Lost
Bet 4 8.8 / 14.0 / 14.5
Bet 4 won + 10.45 points Stop at First blood
+2.88 for day
12/1 winner in 2.00, Glghs. Thats it for today, around +2.5 points
Hi Jon i missed the bet and naughty i know got 33.5 on the winner in running!!
Just gets better and better..
im now finished for the day Jon after bending the rules, which i know i shouldn’t do.
just got 15.5 on Et Maintenant!!!
i promise im done for the day..
omg wish i’d carried on smokey rider 6.2!!!!!
Stuart and Harry
Well done! And it´s FUN as well
Jon
did anyone get 19.00 on Angel Rock?
Results for Wednesday 29th Oct (Using BetFair S.P.’s and 5% Commission)……
Using Stop at a profit concept +3.07 Points.
ALL eleigible races for the afternoon +29.31 Points.
By the Way Jon, I DID purchase this system from a link on this website, so you better check it out, if you want your commission……
Ilama
Can you identify the bets you placed and the Betfair SPs as just giving a summary doesn´t mean anything.
I am keen to see what prices you got as based on your figures it would seem that perhaps Betfair SP is the way to go.
Can you show your results as I do in the review?
Regarding the commission, Admin will confirm that I had already suggested to him yesterday that this be refunded to anyone who bought the system through this site´s link if we decide to reject the system as poor value.
I cannot check your purchase unless I know your email address.
Jon
Hi Jon,
I think it is all “Swings and Roundabouts” if you ask me as far as whether it is better to trade pre-race or use the BetFair SP option. All I know is that the “Lazy Man’s” approach is to use the BetFair SP concept.
As far as finding out the BetFair SP for any race just go into the “Racing” tab on the Betfair Sports Page and on the right hand side click on “Results” and then at the bottom click on “Click for full results”. That will give you access to any historical race and the BetFair SP for any horse.
My Email address is zen37798@zen.co.uk
As for today’s results (Wednesday). Obviously I cannot go into too much detail without revealing anything but all I can say is that:-
Bet 3 +1.64 Points
Bet 5 +10.44 Points
(I think you mistakenly had TWO bet 3’s in your breakdown).
Another good day, with our “Stop at a Profit” taking place with our first bet, with a win of +5.03 Points (BetFair SP and 5% Commission).
For the WHOLE afternoon for the eligible races we are looking at +25.22 Points (BetFair SP and 5% Commission).
I have used this system for several weeks and can vouch it does make money. If you stick to the plan and accept bad days as well as good you cant go wrong. This is one of the best ive seen in a long time.
I have followed the system since Oct. 8th and never had a losing day so far. Even at the official losing days I won.
That’s because I always dutch the selections with the goal to make one point profit. After a losing race I set my new target and dutch the next race.
This way I always end the day with +1 point whenever a winner is found, irrespective of the winner odds and the number of bets.
Also my liability (at least during the first 7 bets) is much lower than to level stakes.
Jon will reach his 15 point loss already after 5 losing bets, after 5 bets I am still far away from minus 15 points.
IMO the staking procedure is the most important point and the authors didn’t find the best solution so far.
I think, my staking procedure could also withstand Glen’s back testing.
Another fine day 14.00 points up..
one shite system this.. LOL
Can this system be run with a bot as i cant be at a pc all afternoon.
Thanks in advance
Hi Jon
I have bought and am following you guys and the system. Early signs are excellent, although I agree with you about a 15 point stop loss (I’m very new to all this though
)
Just one point – the system author in the literature says “NO RACING ON SATURDAYS” so should we be publishing these results? or have you decided to include them. I would be interested to know why if you have the time to find out, otherwise I will mail him myself.
The time you take to review sytems is much appreciated.
Cheers
Fernie
Ouch….
7 races , 1 winner out of 21, Stop loss reached -17 point
Fernie
If you are new to betting, please exercise caution with any racing system! Betfair has an uncanny knack of snatching back your winnings without warning. Today´s results for The Life System bear this out.
You are correct that the author said not to include Saturdays but only from the point of managing to get all bets on as there is usually a lot of overlapping race starts at different courses.
But there is no reason not to bet on Saturdays if you want to.
Also, as we are now testing the system at Betfair SP, getting bets matched can be done in advance and watching a couple of live markets simultaneously is unnecessary.
Hope this answers your question.
Jon
Harry
By my calculation you would be -13.39 points at Betfair SP after the first 7 qualifying races although this is no comfort to anyone.
Are you following system rules or backing all qualifiers to Betfair SP?
Jon
Alan
I don´t see why the system cannot be run with a bot as long as you can set rules regarding number of runners, betfair price of race favourites and minimum price of any race selections.
You could just use Betfair SP which despite today has worked well in the last week. But I´m not sure if you can set an overall stop loss if you bet in advance on Betfair SP.
Perhaps someone with a bit more knowledge can post.
Jon
I agree, but there’s always tomorrow.
Amazing system, again 7 races , 1 winner, 20 loser, stop loss reached
It’ll all end in tears…
I sent Jon the results of this system backtested for over a year. Over that time period it’s well down, -477 points using the stop loss, -810 points betting on each race.
Glen.
Harry
What Stop Loss are you using? We never reached the system stop loss of -30 today.
Jon
Hi
Either I am missing the point big time on the selection process involved for qualifying races. Yesterdays results on the website differ from mine. I used the qualifying criteria and according to my records we were in profit by 3pm. Does anyone else agree ????
Glen
Thanks for the back test. I´ve had a look at it but as there are over 5,000 races to analyse, I simply do not have the time to make a detailed study.
So, I picked looked at the first two days of this review where the system ws monitored race by race and reported on in this review just to get a flavour.
I looked at 23 and 24 October (2008) and found that on those two days there were two missing races where the system had winners!
I am not suggesting your records are completely wrong but it also seems you disregarded the system rule of SAW/First Blood on those days and simply showed results for qualifying races across the whole card, which is our parallel test as summarised above.
Since 29 October, reporting on all qualifying races at Betfair SP presently shows a net gain of +68 points. It maybe too early to tell whether this is a better or more risky method rather than using the system rules.
That´s why we are carrying out a fairly exhaustive test for at least 4 weeks.
Everyone has different opinions on racing systems and I stil think it is too early to pass final judgement on The Life System.
Jon
Gavin
Yes, First Blood was achieved after the 3pm race. The winners are recorded at Betfair SP as we decided the fairest way to report results was to use Betfair SP as that price is available to everyone.
Are you betting at BFSP or in the live market? If the latter, you may well end up with a different total as I do for my personal betting with the system. Sometimes I get better prices than BFSP and sometimes not.
The Life System website, I believe, shows results from their bot service which matches bets in the live market, so may not always be the same as your results or Betfair SP.
Jon
Hi
Using the selection criteria we were up at least 3.82 points (not Betfair) at race 6.
this is for GAVIN ,,, as i am aware, the main website is showing results for Autobot members of which i am a member. They made me over 40 points profit previously to the 28th Ocotber. They could boast that profit but chose not to for some reason.. Thats why i feel were dealing with different type of people than before.
If you go to the ebook site thelifesystem.co.uk/ebook it shows the life system results. to ebook rules. I spoke to James not so long ago and he said the ebook was a work in progress and he may of released it to soon. I for one am glad he released it when he did. Its a great basis for a method..
Hi
Following on from my earlier message in respect of today. If you adhered to the rules for this system, even yesterday a profit of 7+ points at the 6th QUALIFYING race was achieved, although the website shows a massive loss . I know because the money is in my account.
Hi Everyone
I have been running this system for a week so far and have been thoroughly delighted with the results. I have been running it through the full days results bar the Irish races and and like Gavin I am well in profit. I have run two versions to see how they stack up one sticking to the selection criteria and one including all races. Yesterday I was £34 in profit on only £6.00 a race if I had included the races that did not meet the selection criteria I would have £78.00 I Will try with todays selections and see how I do and get back to you.
Hi Jon
I use the live markets just before the start of each race. I have been following the system since the beginning of October.
Within the last couple of weeks I have started to use certain criteria in selecting the qualifying races and so far the results on most days has been in profit.
I know its early days but I believe this system is a winner providing you stick to the plan.
Regards.
Gavin.
Hi
This is the type of day we like, our first qualifying race and a nice profit for about a minutes work. Thats me finished for the day !!!
Regards.
Gavin.
My mate lost shed loads on FPS system… Gutted!..ok though he’s quickly making it back with TLS!!
Hi Gavin
Whilst we should not disclose system rules in an open forum such as this, as that is not fair to the system author, could you email your additional criteria for qualifying races to me as I am keen to build up intelligence about how different people use the system.
jonsambrook@yahoo.com
Cheers
Jon
Hi Stuart
By FPS, I assume you mean Favourites Phenonemon which has been reviewed on this site, I think by Admin about three months ago.
What I smile about is that one or two visitors have knocked Life System yet FP made a thumping loss of -84 points a few days ago.
Life System is not perfect and will incur losing days, but so far during the test is showing a healthy profit as you and a few others already know!
Cheers
Jn
All of those races were omitted due to the 3.1 price rule. If there are rules in a system then that’s how I test them. I use the 1 minute before official race start to collect the Betfair odds, they are 100% accurate.
Midnight in May was 2.98 at 1 minute before the off.
North Walk was 3.05 at 1 minute before the off.
‘The favourite may have been higher…..’ this is a joke right? If your testing a system stick to the same rules, don’t go adjusting them to try and pack more winners in. Be consistent with the time your placing the bets, etc.
You can’t base a results service on Betfair SP as you don’t know what the Betfair SP will be until after the off.
This system has been backtested exactly to the rules of the system using Betfair prices 1 minute before the off. If someone set up a bot so run the system with the same settings, they would have EXACTLY the same results as I’ve sent you.
Arguing over 1 or 2 races is really a moot point when you’re looking at 5000+ races, and the stats speak for themselves.
It’s a crap system, and doesn’t stand the test of time, the only one getting rich is the author….same with 95% of other systems.
Oh, regarding FPS, PLEASE GET YOUR FACTS RIGHT, 32 points loss, and well in profit every year for the last 3 years.
Glen.
The ebook doesnt say to use a bot and place bets exactly 1 minute before the off, that means the whole of those results for 5000 races are inacurate. The system is not as cut and dry as Glen likes to make out.
I think the author should do something regarding this slander as his website looks covered under all applicable laws to take legal action.. At the end of the day at the moment the life system has gave hundreds maybe the basis of a great system and for that alone deserves credit. Personally im up over 200 points since i started. But i am using the Life system as a base sometimes and i alway try to get the best price i can.
Stuart
In case you missed it, I have posted a lengthy reply to Glen in the review under the last results dated 8th November.
I have also written to Betfair and Racing Post to check if they keep records of Betfair prices at 1 minute before the official start time and tissue prices for the Racing Post.
I was very disappointed that someone who runs another racing forum should make such derogatory comments about a system we are trialling and where we have not yet made a judgement on its merits.
Maybe he´s a bit on edge after his FP bot´s performance recently?
Jon
Stop dreaming and wake up guys… TLS is just another progression crap system that might show a good start – for some time – so sellers will promote that ’system’ from £3 (yup that was TLS system price initially, just before ‘beta-testers’ report some money won – to £60.
Correction will come soon! That’s write in stone like for any crap / progression system so once the true story revealed sellers will just discard the whole thing, including buyers! They are not refunding anything (look at website’s T&C).
Sellers have promoted a lot of those crap £3 3-line ’systems’ and they will eventually give up this one then focus on another one.
I’m ready to bet some money because I’m getting some pretty good odds on that one lol.
I’d add Glen is an honest guy saying the whole truth about TLS… and FPS as well. FPS has recently shown a bad day but certainly not a 84 pt loss because the bot has a 50 pt maximum point loss at level 3.
Using weeks or even months back-testing on any progressive system is just… ridiculous! Even after many years of testing the final result is uncertain so one might suffer heavy losses.
I give up.
I try and be helpful by showing accurate results over 1 year so people don’t lose loads of money and I get flamed for it.
The whole point of 5000 races, no matter what time the odds are taken is that it shows the long term trend of the system, yes you may get different results if you look at the odds earlier or later, etc for a few races but over the course of a year, the trend will be similar.
Slander? yeah right, when I’ve got all the required data to test such systems, I can backup everything I say.
I make truthful comments based on fact, not whatif’s or maybe’s. I don’t have any axe to grind about any system. I would really love the system to be profitable.
@Jon, I resent your remarks, when I went out of my way to help you with the data you requested. FP Bots performance has been exemplary. FP System has had a bit of a bad couple of months, there is a distinction.
I write bots for a living (not sell racing system pdf’s), but I won’t write a bot for a system that loses money (waste of my time, and I wouldn’t be happy taking subscriptions for something I knew wasn’t going to be profitable long term). To this end I test all systems that come onto the market. From all the systems I’ve tested maybe 2% are actually decent systems.
The only axe i have to grind is against these so called golden goose pdf authors, who promise the world then disappear into the woodwork when things turn sour (along with the money you’ve paid them), creating their next masterpiece to fleece the punting world with.
Whilst I think live testing of these systems is all well and good, a month is a very limited time to show the true potential of a system.
I do appologise if I’ve upset anyone on here, but I have tried to be total open and truthful.
Glen.
Glen=> I really hope that you don’t give up
I enjoy reading your comments and think that you put some good effort into the debate. Hope that you will continue to defend your oppinion no matter what, this site should NOT be a site where only some oppinions are accepted, everyone should be able to come with their comments and discuss them.
This site is all about helping people making an informed decision before buying a system.
All the comments will also be included when we will make the verdict for this system. So far I have a small negative biased oppinion on this system.
JM=> There are NO PROGRESSIONS USED FOR THIS SYSTEM please check the system rules again or try to read the system so you know what you are commenting on. Otherwise I agree in some of your points
I´ve written to both Betfair and RP to see if it is possible to back test in the manner described by Glen and will post their replies here.
If it is indeed possible, then we can check more of Glen´s data to satisfy ourselves on whether his data can be considered reliable.
But when all is said and done and as I have posted many times before, no racing system is 100% guaranteed to work all the time, every system will have losing streaks but I don´t think you can always judge a system by back testing.
There is no devine rule that says what happened in the past will happen in the future – in fact I think one of Glen´s subscribers makes that very point somewhere on his forum!
Perhaps I resent Glen´s inference that I may have been cooking the books to make the system appear profitable. That is simply not true.
I provide the system trial as a service to HorseRacingMan and I assure you that I monitor each race live including non qualifying races and evening races. I am trying to find weaknesses as much as anyone else is but I think it is extremely discourteous of Glen to make a flippant comment that the system is crap just like 95% of others.
Unbelievable.
Jon
Too all users
Please make sure that this debate will NOT evolve into a personal war. We are trying to discuss the system and find out if it works or not, or how we can do it better.
Admin
What is your concern about the system? We should discuss this here for the benefit of everyone.
Jon
Jon=> I will come with my final comments when the test has finished and should help decide where it should go
Jon,
I don’t think you’ll get much luck with either RP or betfair to be honest.
I wrote a program that has been running for over a year that collects all the data each day from sporting life / racing post / Betfair / oddschecker. This data is not available on the web anymore. (betfairs free historic data is not easy to group into time before the off…and if you wanted proper betfair data it’s going to cost you around 60p per meeting from betfair)
The RP tissue prices can most likely be checked against the racing post paper.
I don’t make the data up (why would I), if you want me to rerun the tests at 2 minutes, 5 minutes, 10 minutes or even 2 hours before the off I can.
Regarding what happens in the past is no indication…, thats how all systems are devised and tested, and if you know about statistics, unless something changes in horse racing, then trends are going to be maintained in the long term.
Regarding comments about the bot…Isn’t this system being run by a bot on their website?
I made a flippant comment after your flippant comment about 72 point losses
Anyway enough of the tit for tat
I’ve hopefully got the message across that whilst this system is showing a decent profit so far, my research has shown it may/will come back and take back everything it’s made plus some more. Stake as if 5 losing days (150 points) on the trot are just around the corner.
Glen.
Some races i take prices 1 min to the off some races i take prices 1 minute 47 seconds to the off. i find the best price. Also i may decide to leave a race as our selection is under 3.1 at 5 minutes to the off, but then i might make that decision 2 minutes ot the off, each race is different to me. Can your inacurate backtesting include those variables.. short answer – IMPOSSIBLE..
i would just like to add that i would like to side with Glen this is a pants way of picking winners, i wouldn’t waste £60 on the ebook.
The fewer people know about this system or use it the better!! know what i mean (wink wink) sorry got a twitchy eye
Hi Stuart,
I have no argument for you, as I’ve said my piece. If you don’t understand the implication of what I’ve said, then good luck to you.
Your haphazzard method may delay the inevitable, but long term the trend is a downward one. A negative edge or expectancy will eventually win.
Heres some random mutterings to hopefully make things a little clearer.
Any system showing a negative edge is unbeatable in the long term.
Take roulette as an example, odds and even has a negative edge (to the punter) of just over 5%. This is called the house advantage.
Gambling on Betfair you’ve already lost this edge due to commission, so unless the system shows a positive edge of greater than 5% (to cover commission) you will lose money over a long period.
The great Albert Einstein was quoted as saying “The only way to beat Roulette is to steal the money when the dealer’s not looking.”. This is because of the negative edge, no staking plans or fancy systems will work if the long term outcome is negative.
I believe this systems long term edge is negative.
Glen.
Intersting reading all your comments. I would be interested in learning about your bots glen if you would like to email me if you have chance kagatori@hotmail.com.
My last two days were down days. Going to see how today goes. Im willing to keep trialing it but I have to be honest and say im begining to think it was a waste of £60. Ill get back to you.
Mark
Do your results differ from the review results posted? Are you using Betfair SP or pre race prices?
Jon
To everyone who has been following the review of The Life System, here is a copy of an e-mail received by me from the system author this evening.
—————————–
Hi Jon
The Life System E-book is being taken off the market sometime tomorrow and will definitely be offline by midnight 10th November.
This is not a sales ploy at all as I would rather take it off right now but I’m sure to get emails from unhappy people who wanted to buy the book. I want to try and protect the markets for Steve’s bet master clients.
I’m quite aware of the slanderous remarks and inaccurate back testing from a certain website and owner. I don’t usually feel the need to defend myself but I will touch on the subject.
I am no professional marketer, my grammar and punctuation would suggest that to most people. I had been selling some good little systems for between £3 and £10 to a list I have. I spent time on these systems and used them myself to make a few hundred pounds per week using the 5 I had as a portfolio.
I’ve been using the life system for over 6 months, 6 – 8 weeks ago it never even had a name it was just a very simple method Í had and was using successfully. If I’m honest it was shown to me by a guy called Jon Christie, a good friend of mine.
When I decided to put the e-book together for members I set out to give them my method for £5. But what I do on a daily basis cannot and would never be able to be portrayed in an e-book. The steps and measures I took with this little system for 6 months were things that couldn’t be taught to people. Yes I have a way of picking winners and when I picked the right races (which I must have been doing) I was winning and in 6 months I clocked up over 664 points profit.
Now I didn’t do that by using the rules set out in the e-book, I was told by marketers I would need a set of rules and I couldn’t sell the e-book with the information on how to pick the 3 horses and then tell people to use their Betfair knowledge and experience to win. So that’s why the e-book has filters. They seemed fairly safe filters to add, but obviously I have no accurate way of back testing it, all I knew was the way of picking winners is strong.
So this is why I gave it rules.
I have no clue how to use external websites to back test results and quite frankly I wasn’t willing to spend the time doing that when I know for a fact that past results in horse racing follow no trend at all. If that was the case how could I be picking up 30/1 winners 5 times a week mixed with maybe 2 – 50/1 winners a month???
Also back testing did not appeal to me as I wanted to share this e-book with my list of around 250 people and I wanted them to have it for a fiver…When the results started to back up my claims in October, marketers became interested and marketers as we know can’t make profit from £5 and the price was increased. The main thing is people on my list got it for what I set out to give it them for £5. Everyone else got sold the system by marketers for £30 – £60.
I’d just like to finish by saying what I know about Betfair and what I do and what I look at before a race cannot be taught, it is instinctive. The rules I set out in the e-book cannot be 100% back tested, there are too many variables. BFSP, 1 minute before the off and longer is inaccurate even with the rules I gave in the e-book.
Just today I got Steve’s bet master clients matched at 10.5 and 11.00 on a horse which looks to have finished BFSP of 6.6 or thereabouts. What I hope to have achieved is to have given people a solid basis to build from, and opened their eyes up past the favourites in a race and hopefully breathed some new life into the backing side of Betfair.
I’m not after any tit for tat arguments regarding what I have spoken about in this email from anyone and I won’t reply to it either, there will be so many people with things to say to me, I know my mistakes I am human and as humans do, I’ll learn from my mistakes. The biggest mistake I made was ever deciding to sell my method, but its all water under the bridge, If man doesn’t take risks he leads a very lonely life..
Best regards…
——————————————
So, the Life System is no longer available in a few hours. Not because it does not work but because the author is dismayed at all the negative comments on this and other forums.
There is little point, therefore, in continuing with the review. The system made a loss today if following BFSP but made around 4.6 points if betting in the pre race market.
Jon
Nothing I have said is, or has, been slanderous.
I tested your system to the rules you’ve specified and they have made a 400 point or 800 point loss, depending on which method you follow.
I was simply reporting these results, so that people would know to treat the system with caution.
Now I know you can’t program computers to use instinct, but that has never been mentioned anywhere in the system rules.
If betmechanic has been setup to follow these rules mechanicallly, then I would be cautious. If your using your ‘instinctive’ skills to cherry pick the selections that bet mechanic can use, then good luck to you, I hope it goes well and the system goes from strength to strength.
Glen.
The author should maybe have said the following line (from his email) at his website selling the system:
“The steps and measures I took with this little system for 6 months were things that couldn’t be taught to people”
For those interested, the p/l graphs using the system rules, 5% commission deducted, Betfair prices 5 minutes before the off can be found at http://www.betgear.net/images/life.png
You’ll notice October and November are currently on an upward trend, hence the good results reported so far.
I could not find a time to use betfair pricing that would alter the general downwards trend of the graph.
This is 1 years worth of data.
Glen.
Here is the reply to my enquiry to The Racing Post:
————————
Dear Mr Sambrook,
Thank you for your e-mail.
Unfortunately, we do not hold records of bookmaker’s tissue prices. The SP’s however for the last twelve months racing can be found in ‘The Form Book Flat Annual for 2009′ which will be published in February ‘09. There is also a ‘Jumps’ equivalent. Both books can be purchased through the Racing Post online shop. Alternatively, all individual race records, including starting prices, can be found in our results database within our website.
We hope you find this information useful.
Kind regards,
Ben Walton
————————————–
Have I missed something??
The Author has been selling a system which he admits “…were things that couldn’t be taught….”
I wish all system writers would be so truthful.
Hi all, from reading the authors comments i understand the book is off sale to protect the bet master clientel, not because of criticism, which Jon you posted at the end of 91 and then glen has posted in his forum. More wrong information being portrayed.
What i also got from his comments is the ebook was written to give to his personal list. BUT experience and shrewd decision making in a live market are not things he can pass down. Thats fully understandable especially with this system.
So in regards to things being taught, The authors main objective was to let a few people know his strategy of picking the actual horses and was then advised he couldnt just advice the picking method in the ebook. Seems straight forward to me. Im gratefull he has shared this way of betting with me personally. Because its opened doors to greater things.. Move on people nothing to see here….
Glen
In your earlier comment (75) you make a point of saying the data was based on the Betfair price at 1 minute before the start time. Now you have said that your graphs are based on the Betfair price at 5 minutes before the start time??
That seems to suggest a variance in your data collection process?
Also, The RP have confirmed they do not keep past tissue prices on line, so are you saying that you checked the tissue prices for 5,000 races by going through back copies of the RP newspaper?
I´m only trying to get clarification as the contradictions are now confusing me.
Jon
Hi Guys,
I have to say I’m new to all this and a bit confused.
I bought this system to run alongside a few others I am currently using and to be honest I would like to get to a position that I can get out of the rat race, but are we now saying that the system doesn’t actually work as laid down in the rules and the author actually does more with it? Or is it just that he is experienced using Betfair?
PS… I find this site really helpful and there are some great people on it trying to help out and spending a lot of their own time, but surely we need to keep it friendly, factual and honest
Hi Jon,
Glad to clear up the misunderstandings for you.
I’ve been writing betting systems for around 3 years. I came to the conclusion that in order to properly test systems I would need accurate data from Betfair, Racing Post, Adrian Massey and Odds Checker.
To this end I wrote a bunch of web parsers that would, every day, parse websites and collect all the relevant information I would need in order to test the systems of the future.
Every day for just over a year the web parsers have been collecting this information and storing it in my database.
A screenshot of the program that collects the info is avaialable here http://www.betgear.net/images/dg.png
This just shows a very small subset of the information collected. I collect around 70 different variables per horse, which includes the RP tissue pricing, postdata, rpr, etc. It will also calculate data such as best finishing positions achieved at that time for going, course, class, distance, etc.
I also collect the market prices from betfair at 2 hours, 1 hour, 30, 20, 15, 10, 5, 2, 1 and 0 minutes before the official race start.
The parsers will also collect the full results for each race, including race times and finishing distances (the theory was to automate speed rating, but I’ve never got around to doing this yet…but I have the data to do it).
This then allows me to backtest pretty much any system avaialable.
I was playing with life today, to see if I could achieve any better results by getting betfair prices at different times before the race, hence the 5 minutes before the off graphs.
You’ll notice the graphs shown on the forums are fairly similar in shape between 1 minute and 5 minutes (although the 5 minute graph takes off commission as well which highlights how much commission affects PL over a significant number of bets).
It takes me an hour or so to write the specific code for backtesting a single system, this code then pulls the relevant data from my database and spits out the results.
My ultimate goal is to get together a portfolio of profitable systems that run totally automated, with no user intervention (and no stress) that generate money each day.
This is the reason I test systems, if it’s good, it will get added to the portfolio. Unfortunately, I’m getting a little jaded with this approach, I’ve only found a very small handful of systems that make the grade when tested in this way over a year.
I would love to have more data, but I figure a year covers both racing seasons and will give a little indication of how the systems perform. This time next year, I’ll be able to test them with 2 years worth of data
Hope this clears things up.
Glen.
Hi Jon
I have been going via pre race prices. Also I have been donig a full day of races to see how that works. Unfortunatly the odd good dy is puncuated by a series of dissapointing days. Fantastic website by the way guys, I like a number of people on here seem to be doinng, am looking for a portfolio of systems that work to make a steady profit. I would be happy to test any systems and share knowldge with any of you. Any chance on doing s section on Bots for betfair as they particularly interst me.
Mark
I wouldn’t say im experienced with betfair but although i use the life system daily now, i find myself leaving maybe 3 races from each 10, because you just know when your selections dont stand a cat in hells chance.
For example A P Mccoy on a 1.67 Favourite in a Novice Hurdle, where no other horse has experience.
After reading what was said and speaking via email with the author, what i understand is the method of picking winners is successful, which i know it is so far. The ebook goes into alot of detail regarding safety and comfort level which is worth every penny everyone paid anyway, i for one learnt alot from these chapters.
Regardless of how many months backtesting horse racing isnt a stock market and the trends as people talk about do not always stay true.
i rest my case.. This is a great place to talk, but i wish people wouldn’t do the same thing with every new system that comes along.
Stuart
To Admin:
My bad… TLS don’t use progression stricto sensu even if sellers did mention ‘optional’ fibonnaci or either ‘home made’ progression scheme especially when using NOT SAW (coutinuous betting)
Whatever… Let’s do quick maths about TLS, thanks to Adrian Massey website:
THIS PART DELETED BY ADMIN SINCE IT GIVES AWAY THE SYSTEM.
Cumulative total is 30.7% Probability of win (P) = 0.307
Return On Investment is estimated around 95% BF prices and vig. deducted. Statistically speaking (that is if future events follows logic behind past events), one will lose around 50 pt for each 1000 pt bet.
Now, how many times one will be faced a 10 in a row (Daily Stop Loss) with (P)win = 0.307?
(P)win = 0.307 => (P)lose = 0.693
Answer is around 2400 times in 1 million or 1/416 events or P = 0.0024.
The point is we’re globally facing rare events (30Pt Daily Stop Loss, I’m not assuming losing days here) so we have an impression of ’safe bet’ even if we lose eventually around 5% of our investment on the long haul.
Thanks once more to AM’s website:
http://www.adrianmassey.com/fav/index.php
Hi
Whatever people say about this system we have another day of profit on our first qualifying race.
Look at this over the long term and not on a day to day basis.
Regards.
Gavin.
Admin, I don’t know if you are aware of this fact: copyright laws do NOT protect ideas nor systems so if I’m reformulating with my own words like the part you deleted this is all but copyright protection.
For example, if I write with my own words: Based on 24.000 events, the third favorite has won 13.5% of races, now are you supposed to delete this sentence? If yes, please feel free to elaborate about! If you don’t, am I granted now to write another statistic about the fourth favorite (9.7%) then another one about fifth (7.5%)?
You have some really good examples of what copyright can protect and what can’t here:
http://www.copyright.gov/circs/circ31.pdf
Regards,
Hi,
The problem is to win in gambling you have to get rid of thinking your get rich over night. You have to use a long term profitable system and yes your have losing days but if the system good and has maths behind it with stats your win long term.
Book makers don’t just give up having one day.
I have to admit there is a lot of crap out there and can tell you most of the crap simples.
I have one question about this system is that the guys who own and run it have many systems for sale. I just wondered if why have so many systems for sale if there all great??
I many sign up for this service for a month and see how it goes , £50 a month a lot and lets hope its not like Paul Flowers at the course racing tiping service charging £150 a month and down 2K
Hi
At the end of the day this system is making far more than what you would get in any investment account, do the maths, I know !!!!!, its all about accepting any losses when thay do happen and adhering to a plan. Keep to the rules and and it works, I have the money to prove it.
The thing is with most people, they want a quick money making scheme, but unfortunately this does not happen, you have to be patient and work within the budget of your bank and increase it accordingly.
At the end of the day this system does work I know, because I am making good money from it and I will continue to use it.
GJM
For the record, backing blindly 1st favorite in the same conditions (no sat, Uk only, Betfair odds, 5% com.) shows some best results:
1st favorite Strike Rate is 33% (30.7)
Return is 95.2% (95)
Year 2004 to 2008 YTD, around 30.000 races analysed.
http://www.adrianmassey.com/fav/index.php
what has 3rd 4th and 5th favourites got to do with anything LOL, Someone who clearly doesn’t understand the system.
Another good day were up on our 2nd qualifying race.
Mmmm… Stuart I wonder well why admin had to delete my prose if that’s not the whole 3-line TLS system now rearranged into 4 words lol. Things are getting better.
Hi all,
I have the system now and let’s iron a few things out in the book you double up after a loser for 6 races and stop at 20-50 for the day. You must use a 1000 point bank and to be honest a BOT like GHB if you have a day job. So if using this method yes you could lose your bank and does say in the book you could.
Now this review using the adjusted method betting on the first 10 races, level staking using a 300 point bank and stopping after 1 point profit. So depending on what method your using results will be different:)
Which version do you have craig?
It should say “Completed” on the first page. the first version the authors sold for £5 was along those lines.
Stuart
Hi Stuart,
I can see ‘Completed’ on the first page, but its 19 page long and I see he wrote LayFormula as well.
I am testing the system with a BOT and said to admin I would post results daily on here for a year unless I lose the bank.
Also I am testing TAPS service and will log results here if admin would like that.
well as im aware the ebook is now not for sale. so not much point in a review anymore.
The main life system website is now running an automatic service but they say the ebook rules will not be followed completely. I am a member and i can say that their selections so far are life system selections just they arent using every race the ebook says to use and also they are missing alot of losing races which is very promising. They seem to have found a rule and i cant work it out. but i dont care because my betfair account is growing with them.
Hi Stuat,
It’s pretty easy really, just pick selling, Novice, Class 1,2 any handicap over hurdles. This is because Class 1,2 all the trainers put there best horses in them so a lot of horses can win the race. Selling and Novice most of the horses have no form and experience so very open. Handicap over hurdles are open races.
I don’t even look a racing post just use the GHB Bot and stop after a Point profit. Won’t get me spending £50 a month for it:) Need a 1000 bank just to pay for the £50 a month. Looks a decent system tho. But soon know when the summer months and the going is good and First/2nd fav start coming in a lot
Jon,
Have you stopped the testing for the review of TLS? I was hoping you were going to run it for the full month. The figures you were posting with daily points for both the Ebook System and betting on all races were very interesting.
I hope a couple of peoples agressive comments haven’t spoilt it all for the rest of us….
If so, very dissapointing.
You can’t buy the system anymore so why continue to test it? He has also said that he did actually not use the rules himself (he used his knowledge of Betfair / horseracing and did not bet on every race)
There is now a bot set up. But I don’t dare to use it. Not very happy about having my betfair data at their computer (and not even sure if Betfair allows this) it is too easy to “steal” your Betfair username and password.
But of course still interesting to see how it goes so if anyone uses it (the bot or the ebook) then please update the results in here
I will definately not use this system so I can’t help but if anyone likes it and uses it then post please
Hi Justin
As Admin says, the e book is no longer available so there is little point in continuing the trial.
I would just like to clarify that when Admin says “he did not actually use the rules himself etc” he is referring to the system author.
I followed the rules and filters exactly for the purpose of the trial.
Cheers
Jon
For anyone interested the results following the system rule of SAW / First Blood since stopping the review are:
9 Nov +4.6
10 Nov +4.75
11 Nov -5.64
12 Nov +5.31
13 Nov +6.9
Total in 5 days +15.92
Jon
Superb results..Jon, probably best to go quiet on this one and keep it in the few anyway
Regarding the bot.
Admin i rang betfair and my details are safe as there bots are registered with the API and they pay a fee for the bots to run on the API..
Everyones details are encrypted on the server which was tested as part of the betfair application. whatever that means??? Minds at rest.
Thanks for your reply Jon and your results for the last few days are very imformative.
I subscribe to the bot and the results have all been positive since the 9th too although the authors for the Bot have changed the rules slightly from the Ebook and will continue to do so as improvements are found.
The Bot points since the 9th are pretty much the same as your reults although the 11th was not a losing day as you had.
Stuart I understand that you subscribe to the Bot, but do you also follow the Ebook rules with a seperate account? Just wondered as you do mention omitting certain races by your own judgement and trading the live markets pre-race.
Good to know all Betfair info is kept private although the authors do make this clear when subscribing to the Bot.
Hi
I will continue to use the Life System as it does make consistant pfofit.
I can also confirm my results over the last five days are nearly the same as Jons, I expect our selection criteria is slightly different.
Regards.
Gavin.
My results are based on betting in the live market pre race where I try to get the best price. Obviously, this means we will have slightly different results.
But as, I think, Stuart said sometime ago, who cares about a few points here and there if the system continues to make a daily profit or thereabouts.
Cheers
Jon
I use the life system but don’t pick my horses from racing post, just use a BOT to place my bets 180 seconds before the off and only on Open races like group 1,2 , Selling etc Stay away from group 3 and above unless Novices and Beginners.
Hit a nice 18/1 on Betfair yesterday
Its nice to hear some positive comments as the system duly deserves. A breathe of freshair infact.
Hi justin i have a seperate account for my betting and for the bet master.
Anyone else get a 20/1 winner today?
Jon
got matched at 22.00 by myself and my betmaster account got 27.00!!!!! woohooo
Stuart=> Could you email Betfair screenshots of that to me
I don’t know but my feeling is that you are the Author. Anyway hope your not, and that your actually making good profits with this one and that is why you are “promoting” it so good
yes im the author you got me… well done sherlock!
Are you for real? How do i do screenshots? Don’t really want my betfair details seen by anyone else.
Justin did you say you are a betmaster member? and did you get the big winner today? There was actually 2. got matched at 13.5 and 27.00
Another good day for this system that has been much maligned by some.
If following the ebook rules and stopping at First Blood +15.39 points.
If betting on all qualifiers to BFSP +28.53 points.
Jon
Why do people get nasty when admin just ask a question?
Look does not matter if someone got your Betfair name and login as funds can only be withdrawn on the card used to deposit and anyway just show you PL and no one will get see your details.
Great results today. I stop after a point profit and made 3 points today. If I would have carried on I would have hit a 13,9 and 8 which would have been great. I don’t look at racing post I am just selective on races and so will have different results. I am also using GHB Bot with staking 1 as I don’t mind a little risk:)
It is quite easy to delete the username. Password you can never see anyway, so it’s not anything to be afraid of showing and takes short time.
But the system seems to be in a good run no matter what
Talking the bot (betmaster), after diagonal reading of Betfair’s API T&C,it’s looks to me that ‘centralized’ bets are not authorized that is you are granted to use a betting bot but you are not allowed to use that bot to share or mutualise bets between several members. Bets should be individualized. Is anyone having some different reading?
A slow start today and you needed to hold your nerve but if you did, you were well rewarded!
Ebook rules First Blood +19.99 points
Bet on all qualifiers atBFSP +16.99 points
This includes one winner at BFSP of 28.74
Cheers
Jon
Hi,
No long term past results not even on their website and selling sunscription on £50 month. atleast should have last 6 months results and people can think over it. Those guys dont bother if you make 30pt profit or loss. compare to this SAW method Favourite phenomenon system is better and at least they have got past more than 1 year records which can be believable. this life system hasnt been proven anywhere, those 2 guys Steve Davidson and James Fitzmaurice should think before start any subscription, well those guys dont care as they are not going to bet on their own money.
Just be careful before join, this is wait and watch situation and everything will comeout it self soon.
Hardik
not a good day today me thinks.. hopefully we will ride days like today in the long run. Cant believe we got beat by Mccoy in the 2nd race! was a 21.00 winner but for a long head!!
Yesterday was a bad day but we have had those before. There was only one qualifying meeting and so the system was restricted to just 7 races.
But we have had poor days in the past and the system recovers ok. If you had started following the selections since 20 October (4 weeks) you would be up 70 points at SAW / First Blood and 134 points if you had bet on all qualifying races at BFSP, including yesterday’s results.
I don’t quite understand why Hardik is being so critical when the system has performed well. You cannot simply extract the losing days and say it is no good!
I wouldn’t suggest that anyone should just use this system, but as part of a racing portfolio, it has stood up well so far.
Why is Favourites Phenomenon better? I presume they have different system rules and objectives, so can a true comparison be made? No mention of the 84 points lost in a single day by FP recently.
During this site’s trial of FP it took six months to achieve what The Life System has achieved in four weeks!
The Life System may be a bit of a rollercoaster ride at times but it has injected a bit of fun back into betting on horse races and with a very positive bank still intact after a month of using the system every day, that’s good enough for me.
Jon
I do wonder about Steve Davidson and James Fitzmaurice they have so many systems like 50-50 Racing with no past results for more then month or two.
The life system hmmm I think you will have to use progessive taking in the summer or you won’t win much at all you. Lets be honest it’s format racing but the other way round:)
Jon,
Your comparing apples and oranges, FP System advanced staking makes a lot more than 1 point a day, and it can lose more money as well.
Saying it lost 78 points in one day is fine, but also state how much advanced staking has made as well…
Why only 1 qualifying meeting for life system, no mention of ‘qualifying meetings’ in the pdf.
As I’ve already stated, FP System has results going back over 3 years, which can be easily checked. The Life System when I checked lost a bucket load of money over just a year.
I would still advise extreme caution, lets hope it doesn’t turn out like another autolays…..
Glen.
If the system works better in winter months with soft/heavy going, so be it! Perhaps I won’t use it in the summer.
Time will tell
Jon
Glen
I could say the same for the Life System. One or two losing days against +130 odd points in the last month.
The qualifying meeting was at Leicester. AW is generally not recommended although I believe the system picked up a couple of winners on AW yesterday.
You mention Autolays which I know nothing about but understand it is another flawed service yet you provide an Autolays bot – why?
Jon
Jon,
Can you please clarify what on earth you are going on about…autolays bot????
Where did you pluck +130 points from?
I’m only interested in coding bots for systems that make money in the long term. I have no intention of coding an autolays, or lifesystem bot for that matter, as testing shows they don’t stand the test of time.
Glen.
I made my profit from the Life system and won’t be using it again as again I agree it won’t make money long term:) I will be reviewing TAPs lay service on here for the next month lets hope thats a winner. The Cashmaster system is the only system thats seems to work long term if you use it correctly and stay away from heavy/Soft going. I can’t run it tho as I work daily now. I am turning my intrests to my FSTE 100 system that will be automated on Spreadfair soon and back to the Forex, just think I make more money trading then using Gambling systems:)
Glen
Sorry, I misread ACElays for AUTOlays. Many apologies and comment withdrawn.
If you had bet on all qualifiers (not AW) at BFSP from 20 October to yesterday inclusive, you would be 134.5 points up. Following the ebook SAW/First Blood recommendation you would be 70.32 points up.
Jon
Jon,
No problem
My only other concern is that these centralised servers contravene Betfair terms and conditions.
All api products have to pass a series of rigourous tests and security checks. Betting from a centralised server is strictly against Betfairs terms and conditions. Even a bot running on your own pc is not allowed to store the login password, even if it’s encrypted.
I did look into it, as it is a convenience for the consumer to not have their pc on all day running a bot, but betfair have said it’s not allowed
and they would never certify such a product.
Suppose a hacker was to get into the database, and get access to all those accounts usernames and passwords, they could have a field day.
Glen.
Hi Jon,
I am not saying that i have problem with the system and first of all there are not many FAW system in the market so only good examle i can take is FP system. I know that it doesn’t make more than 30 points profit per month if you go for normal staking plan exactly same as we have tested over here.
There are so many system available in the market can make you short term big money but my only concern past test results. if Steve Davidson and James Fitzmaurice are genuine than why dont they give 1 month free trial to satisfy their customer.
Just look at their website even their Terms of services page is longer than their past results,,lol.
They are trying to prove by showing you a more Recent comments on their website rather than testing for few more months and than after it should become live with Bet master.
Only 1 Month of past result and giving 6 months subscription in £240 and no refurn at all.
Sorry Jon but not looking promising to me at all.
Hardik
They are more than welcome to use the graphs I created on their website
Glen.
Regarding comment #122, this is a total fabrication Stuart Chapman/James Fitzmaurice or whatever your name is…
An email from Betfair
Hi Glen,
You are correct, these products do contravene our terms and conditions of both the API and the Betfair website.
These products are not licensed by Betfair or recommended to any of our users.
Any users who request information relating to third party software are directed to the licensed software available via the Betfair Solutions Directory.
Kind Regards
Neil
BDP Support
BDP = Betfair Developer Support
I’m taking bets on how long they’ll keep the results page updated before it’s removed. Dont say I didn’t warn you from the start.
Glen.
As at now, yesterdays results have not been updated.
The update to lifesystem site looks VERY strange.Gone is the blog and detailed results of the past month,to be replaced by a dodgy looking profit graph from 4th OCT – 4th NOV. Why? because of the big thumping loss of the past few days? or because he’s trying to reintroduce the ebook again? or because Glen’s comments about the system itself coupled with his take,nay,PROOF of the illegality of the software/server they use for their automated lifesystem? I want answers.Now!
The Life System has now been stopped in conjunction with Betmaster.
Hi Glen, i am stuart and not James, i was told on the phone that if it is using the API it would need to be approved, So i would then assume it was A OK, wouldn’t you?
I was not told that bet-master was approved, specifically.
I just hope all is ok and results have had a bad time but i made 10 points in past 2 days. Very small i know compared to the recent losses but took some off.
Regarding the service they are on what Steve calls a 2 day Sin Bin and a more stable method is going to be used by all accounts so we wait. I will if you want me to report on what is happening, but not if im going to be accused of being someone im not.
Hi Stuart,
I you look at the wording on comment #122 it is very misleading.
‘There bots ARE REGISTERED with the api’
‘Everyones details are encrypted on the server which WAS TESTED as part of the BETFAIR APPLICATION’
Both of these statements are false when you are talking about any server other than Betfairs.
Your over enthusiasm for a system that is proven to lose long term is very suspicious.
Glen.
sure fair point glen. i do get over enthusiastic about things that make me money. but i lost over 20 points today again.
Hi,
Please people be carefull this system is without any past results and not tested enought.
Hardik
40/1 winner today on my 6th bet. Anyone else still following the lifesystem or has it died down?
Hi increasing our bank
I am still using the Life System even after the two days of massive losses however my selection criteria is slightly different and I did not suffer the full amount. I manually use the system on a day to day basis using the live markets about a minute before the off.
Since then we are slowly building our bank and yesterdays result of 20 plus points was a huge bonus.
I am very happy with this system and well in profit since I started using it and over 100 points up.
Regards.
Gavin.
Hi
The first qualifying race today produced a 5 plus point winner after deductions.
Gavin
Got an answer from betfair helpdesk staff as well, I confirm something is wrong about the Betfair login information which is apparently stored on remote betmaster’s server. Betfair recommends to never disclose this information to any 3rd party, this is pretty unsafe and blatantly outside Betfair’s T&C.
It stated quite clearly on the sales page it had been tested for a year and was hard to find a single day when it didnt work, now he is saying on this forum that he has never backtested it, only tested for 6 months and was not even using the rules as they could not be taught? So what did we buy? A system thats has never been tested!
Also i emailed hm saying id tested his theory using software but with 1st , 2nd and 3rd faves instead, and it failed, however they are not the strict rules admittedly so i was wrong, but he said to me he wanted to know what softeware i used as it would assist with his backtesting, on here it says he has never been interested in backtesting??
Anyone else smell a rat?? I think hes done nothing but lie personaly.
Actual ignore that comment. I meant 3rd 4th and 5th faves not 1st, 2nd and 3rd. Its the only way i could test it but since the selection process is based on nothing at all but randomness and you could basicaly pick any 3 horses from the first 10 and get the same sort of results, i thought id test it that way its a system based on luck and randomness after all, and thats were the recent results have come from, sheer luck, im sure Glen would agree.
However another comment james said to me is this.
“All i get from your email is that you have done some incorrect analysis and based your comments on that.
Also we advice to stop at a winner for the day and have acknowledged with the current buyers on a daily basis that the staking plan needs changing its way to aggressive and as a huge team of over 150 people were working on that.”
Does that mean he would have us believe hes part of a 150 person team? I thought he was just selling persoaly to a list something he was using himself? Now hes in a huge team of 150 people yet cant do a decent website and has to get steve davidson who cant spell for toffee or type properly to advertise for him?
Does his so called team of 150 people does not include any website designers or promoters? What exactly do they do??
This is just my opinion but i think he talking rubbish lol.
his team of 150 people have now stopped selling The life system and are now proting one of thos Arbitage systems that never seem to work lol, and there sending out emails left right and center about it, based on 33 days results. Why do people fall this rubbish.
Just like Glen said hed remove it and sell a different one, he has!
The ebook is still for sale.
I believe all systems are based on luck.
I also received emails about a group of 150 people that i assumed we were part of. not his personal team. I bought for £5 one of the 150 i guess.
The above post confuses me although im not a firm believer in the system it is in profit and still doing as he said it would. Give the guy a break, this place is not as it once was! Sort it out Nik
Dave
Where on the sales page does it say the system has been back tested for a year?
If you own the system and have followed the system rules you would be in profit by 117 points if you had started at the beginning of October.
The system suffered a couple of bad days and heavy losses in November but the author does warn you on both the sales page and in the e-book that the system can be a bit of a roller coaster ride.
In fact, I would say that he goes a lot further than many other system sellers in urging caution and disipline.
But if you follow the SAW/SL recommendations you should keep making profits over the long term. Obviously, if you decide the risk and reward balance of The Life System is not for you, then don’t use it.
Jon
Vic
I agree whole heartedly with your final sentence. For reasons that are not clear to me, this site’s admin has decided to classify The Life System as a “Not Recommended” system despite the healthy profits it has made during the test period!
I actually offered to review the system for this site at no expense to the site owner as I had already purchased the system.
I wanted to follow the system rules to properly test the system but was requested to record the outcome of backing in all qualifying races at Betfair SP.
This amendment is not part of the system rules and if people have used the system without SAW or a comfortable Stop Loss, then they only have themselves to blame if they have lost money.
I am very disappointed with the manner in which Nikolaj (Admin) has handled this review by allowing such strong and even abusive criticism to be posted BEFORE the review had been finished.
The Life System won’t enable anyone to give up their day job next week and the selection process may seem strange at times. But it does work as evidenced by the net profit gain in the last two months.
I don’t know of any system that is guaranteed to make consistent long term profits – if there is one out there we would all be using it and there would be no need for review sites such as this.
Jon
HiJon
the original sales page by james stated it had been tested for over a year and could not find one day when it came unstuck.
The original page has now gone and been replaced by the new one with the bot.
Im not saying its not profitable but you are missing the point, its based on luck therefore it wnt work in the longrun, 117 points is 3 -4 losing days, and because its based on noting at all you will like see one bad week were all your profits and them some go bye bye.
Take a dart and chuck it at a race card then bet on the 3 it lands on and you will have a good and bad days, sell the dart chucking system for £60 if you like, you might aswell.
Nik, if you believe all systems are based on luck then you shouldnt be gambling, long term statistics are normaly the same year in and year out with only marginal changes nothing serious and never change really unless something major changes in the industry. Staistic based systems never ever make quick fast profits only the luck based ones do, and as soon as you see a system making quick fast profits you know it will suddenly see a massive collapse in the near future
Of course those that never study stats and dont know anything about gambling will be like “oh wow this is great this really works” which is what the authors of the luck based systems are counting on.
Had the system been reviewed during the bad months you would, im sure, of been saying this is terrible, because it did good you are saying you like it, but are missing the bigger picture altogether.
You have been told it wont work long term but defend it and that is your right , you have your opinion i have mine i respect that but im just trying to help those that are new to gambling learn something true and not fall for the glitz and glamour of flash in the pan system sellers.
Ive nothing against James, at all, i believe that he probably thought of it one day tried it and it works, so thought he would sell it, then got greedy.
Its now selling for 59.95 but has apparently been selling on his site for 149, thats what he would have you believe anyway.
Also can i say, he says marketers approached him to sell it for him , i dont believe for one minute serious marketer looked at an ameteur site and a look bases system with hardly any results and said we want to sell this. he did that himself, with Steves help, and steve is well known for his email campaigns advertising systems that are limited to protect odds but are still there years later with the same amount left he was stating years ago and you could purchases all the copies left if you liked and the number will not change lol.
Not all his products are bad however as im a member of his golf bets and all results for the last 2 months are true, and michaels place lay formula is also very honest, but some of the things are terrible. He is a promoter with a site and will help you sell things if you dont have the exprience yourself, he doesnt write the systems but i dont think he tries them first either.
Hope that clears things up, and good luck with the life system.
And sorry for the bad spelling, I type faster than I can spellcheck lol.
Also 2 more appologies, when i said Nik, I meant VIc, and also my mistake , the life system is still for sale, but read Jons post about it not being for sale post and assumed it wasnt.
Also regarding the backtesting thing, here is a direct qoute from james from the site which is there right now.
“I began researching old racing results to see if I could find a time where it fell apart – I couldn’t. ”
What do you think researching old racing results is? Its backtesting! something James told Jon he never did and had no interest in as it was pointless?
Hi all again no problem Dave, my wife calls me worse!
Isnt that on the webpage just a sales pitch?
I got told last week my lcd i bought was top of the range by mr apprentice at currys but turns out i could get the same quality pixels or whatever from Asda for 1/2 the price!!
Point im trying to make is although im not a huge fan of the strategy as is in the ebook, I didnt read to much into the sales pitch its usually BS anyway! and that goes for every single marketer on the internet selling me systems. I just want to see live results in front of me for a few months.
@Jon I have been a daily reader of this blog since the beggining, and i never thought it would turn into what it is and it could be stopped quite easily by the site owner. What i think we need Jon is a Review site which reviews review sites, so that new people to the industry know which review sites to trust. Im hoping this site doesn’t go down the pan as its been well run in the past.
I agree with you there Vic, there is a lot of BS about, but theres a difference between slightly overexagerating something with a cheesy sales line to sell more, and deliberate falsification and false advertising.
The statement on the site is made to trick people in believing its been tested over a period of time when in fact it hasnt and since no refunds are offered and no monetyback guarentee is offered (unlike the one you got with your lcd which by law states you can return it within 30 days, that is your right.) its bang out of order in my opinion as if you truly believe something works, dont lie about it. False advertising is usualy only done by people who know they are selling something thats not that good, in my opinion, and its all vey well saying you prefer a live test, but when some people have had to pay £60 with no chance of a refund to test a falsly advertised product i think its a bit nasty of the seller. 10 -20 quid is acceptable and indeed i think i only paid about 20 myself but now he is simply being greedy and lieing all the time!
Hes telling people is was 149 quid or something when it wasnt, granted its a ssles technique, hes telling people its been backtested and cant find a time when it didnt work, hes telling people hes not selling it anymore but yet hes sending about 5 emails a week ranting on about how good it is which shows desperation if you ask me and hes sending the emails to people that have already bought it for gods sake, whats the point?
Anyway enought of me ranting on like a madman, if people like to pay £60 for a system with no proof or refund let them because at the end of the day its there money and there choice.
And i do apologise, i realise from my rantings i come off as a bit of an a**hole to some people, but im just defending what i believe as are you, and i do tend to get a bit irrate sometimes and jump the gun, im really quite nice guy.
Im going to stop writing on this forum from now on because i probably do peoples head in, and just let people make there own minds up.
Unless of course anyone feels my opinions are any use? probably not lol.
Dave=> I like them
There is room for everyone in here, and I have been a little harder on the editting of messages so it does not get too much kindergarten
Interesting email today from James telling everyone to stay away from this site because its a waste of bandwidth. see below. Notice he doesnt state WHY it went in to the not recommended.
“Graham from Cash-Master contacted me to review the Life System.
http://getresponse.com/click.html?x=a62a&lc=XfX7&mc=f&s=iQ6vI&y=g&
For 100% unbiased Results and Review
Cash-Master Blog is one of the better ones, we suggest visiting this one over any other. Horse Racing Man as an example, is a total waste of Internet bandwidth. The guy doing the review reported over 100 points PROFIT and then the foreign owner who speaks and types very poor English puts us in the not recommended section…I suggest you stay away from the cowboys.”
Another good day for The Life System despite there only being one qualifying meeting which was at Fontwell.
12.45 No Bet as one selection was trading shorter than a system rule just before the race start. Frustratingly another Life System selection went on to win at Betfair SP of 40.5 !!
13.15 Lost -3 points
13.45 Lost -3 points
14.15 No Bet as race favourite and the number of runners failed system rules
14.45 Won +1.97 points. Carry on as not in profit for day
15.15 Lost -3 points
15.45 Won +15.20 points (First Blood)
Total profit for day +8.17 points after deducting 5% Betfair commission from winning bets.
The system selections included a further 5 placed horses from just 5 qualifying races.
Cheers
Jon
From Cash Master (one of the better ones lol):
Quote
Well, in reality that ends the third week of the test, as there are no meetings tomorrow or Thursday, and there are eight on Friday. Both versions are in the red, much to my personal disappointment.
Unquote
Stay away from those awful Aussie guys, they are planning to release another 10-word “miracle” system very soon!
Although im much happier with a review from cash master than here even they are doing things unorthodox. They are doing what Glen did and taking prices at 2 minutes before every race. That is not what the book says to do. We wait for an opportunity to arise where we can bet within the guidelines. This is why this system must be ran live. David Aston and i have exchanged emails and there is days where he missed over 37 points profit and 23 points profit. And his results are totally different to my results, and many others results. One thing is for sure i held my time to post on this forum because i wanted to come after 3 months or so where this downward trend Glen tried to push on people should be evident. Its not evident at all. Jon who i met via this site and ran the live review and test and also showed everyone over 100 points profit is also seeing an upward positive results.. This system cannot be backtested EVER too many LIVE variables to consider. And any one coming to this site will laugh when they see the reasons this is in the not reccomended section. Nikolaj your integrity is shot to pieces. Affiliate links everywhere and hidden aswell.. you need to change your about me page. My first and last post. I may come back to hear what you have to say because i do actually care what people think and is the only reason im here in the first place. Happy and Prosperous new year to all..
Unreproducible results are against even the ’system’ basic definition, a way to plan and organize things to get a final result. Even in Australia!
Happy 2009 (I mean, keep the hogwash sellers hungry at all times)
JM
Shame Cashmaster missed the BFSP 55 winner at the end of December plus many others!!
I still use Life System occasionally and my net profits since October are 147 points.
But horses for courses as they say. Instead of continuing to rubbish the system, please enlighten us about the systems you do use profitably.
i lost internet connection and my last communication posted for some strange reason.. Apolagies for that..
Any way what i am trying to say is how bad people make my system out to be ( and that is a very small minority) the figures speak for themselves.
And if it does ever go tits up i will be the first person on here. well maybe not on here but i plan to review and reccomend systems and strategies for as long as people keep signed up to my newsletter,, so i am not going anywhere any time soon.
Chow!
Nikolaj you didn’t post my post before #179 and now #179 makes no sence at all. I suggest you start accepting truths my friend. You obviosly cannot accept being wrong!
You are a complete toss pot.
James you should feel welcome to send screenshots of your betfair account to me which proofs the profits you have been making with the system for the last 3 months, then I will take a look at the review again and accept your so called “truth”.
And please watch your language.
Also try to read WHY I have put it in NOT RECOMMENDED products
James if Cash Master are missing a lot of points profit then why do you not start recording the results on the website selling your system again? If somebody looks at Cash Master and sees your system not making a profit and you are relying on them to record your results it isnt doing you any favours.
You need to prove that your system does make a profit because at the moment Cash Master is proving it isnt.
Not proving your results on your website since December 12th doesnt look good to me and I am sure to others as well.
So I would be interested to see if the profits have increased from that date.
Rather than attacking owners of this site. Why dont you prove to the prospective buyers of your system that it continues to make a profit.
Hi Mark thanks for your comments, I will be starting live results again very soon.
I had stopped trading the life system until next week, and im not in the habit of checking for results i have always provided results that i personally achieved. Members who were watching the results at cashmaster were the ones that enlightened me to the differences.
I am assuming a lot of other sites owners probably do not use there own systems. When i start using it again i will record my live results.
@Nickolaj. in reply to your summary…
(ADMINS OPINION ABOUT THE LIFE SYSTEM ARE IN BRACKETS)
a proper review should not be about one persons opinion but results between two dates pre defined.
(I have to put this system in NOT RECOMMENDED.)
ok lets here your valid reasons please.
(The reason are that the ebook is not longer being sold)
The book was temporarily withdrawn correct it is now for sale and was only withdrawn for 24 hours.
(and the author has said that his results could not be copied.)
My results, cashmasters results, Jons Results even were never 100% matching. Betfair is a volatile market in the last few minutes before a race people get different results, this further illustrates the discepency for glen below.
(Furthermore, Glen has done some backtesting which shows some very poor results)
Back testing as previously debated, without going into detail about glens actual results, there were hundreds of discrepencies with his results and prices that we found, jon even pointed out a few further up this board..
The system cannot be backtested because we dont decide whether we have a system selection at a certain time before the off, it is a live method and selections can qualify for a fraction of a minute but if they do then they are selections.
(Another reason is the the Bot they are using seems to be not recommended by Betfair. You risk that the server will be hacked and someone gets all your Betfair Login information and all your bank could be lost)
The life system was withdrawn from the bot as we werent able to place hundreds of bets in the last 2 minutes before the off for members. Whether Steves bot is illegal or not i do not know he assures me all is above board, but that is not my business it is his product. The automated version was a Joint Venture which ended early..So to have this as a reason to put my product in the sin bin is also not valid.
The life system makes money guys, most authors will sell to you and disappear.
Im still here and fighting for my product because i care and i know it works. I made some mistakes in the prices i sold it at in the start but that was a promotion for the fastest movers i was trying a new marketing technique. After all i am an internet marketer aswell.
Im sorry guys but the reasons this is in the sin bin are not valid at all.. Your thoughts are of course very welcome in respone to my opinions. And i welcome Jon, Dave, Glen, Nickolaj and Anyone else. Im not here to make enemies, im here to build bridges.
Thanks for your comments James, I will take a closer look when I get some more time later this week.
Jon do you know Acelay software? It’s a small miracle in this horse racing system little world that is a simple and cheap way to separate the good grain from the ryegrass.
I also noted my Aussie contradictor didn’t even respect his silence oath (you know, the ‘will be my first and last post’ thing…)
some of the post deleted by admin
From now on all posts not concerning this system will be deleted, so please stay to the topic so this does not turn into some personal attacks.
The website at http://www.newhorseracingsystems.com/?p=678 link is giving this system a fantastic review with daily detail.
Cashmaster gave it a neutral review after the tester produced a loss. http://www.cash-master.com/blog
I cant understand why its in this section ?confused?
If i buy it on your link can i get a 50% refund from you Nikolaj?
It produced a profit of 100 points plus in your trial Nikolaj?
Koraly
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