Is Racing Maestro a Scam? Racing Maestro Review

Is Racing Maestro a scam? I am sure that you have seen all the buzz and hype surrounding the release of this system, but can you really make money consistently by simply following it mechanically?

1. Why It Is Extremely Difficult to Make Money with Horse Racing Betting

Horse racing is difficult to profit from because the odds are always do not represent the chances of an outcome happening. There will always be the house’s edge which is where the bookmakers make money in the long run. However, it is much easier to profit on betting exchanges like Betfair since punters are betting against one another and not against a bookmaker. This is exactly what Racing Maestro System aims to help you do without putting your money at too much risk.

2. What is Required for You to Make Money Consistently on Betfair British Horse Racing?

The first thing that you will need is definitely a tested and proven system that can help you pick profitable selections reliably. Having tested Racing Maestro prior to its release, I have already concluded that it is reliable since I did not get a single losing week with it.

It is very good at minimizing risks with its selection system and its money management strategy has also saved me many times when I felt extremely confident about a losing bet. I know exactly which selections to bet on after spending 15 minutes per day to find them with the system, and the next I had to do was enter these bets on a betting exchange website. One of the best betting exchange website is definitely Betfair. It is the largest betting exchange and this is a great advantage since it means that the markets are more liquid than other betting exchanges.

Spread Betting – How To Get Poor Quickly?

As I write this, I’m nursing a bit of a sore head and an empty wallet. In the last four weeks I’ve lost almost £30,000 spread betting for about an hour a day five days a week. So I managed to blow around £1,500 an hour. That’s really quite a chunk of cash. Actually, it’s not quite as bad as it looks. Fortunately, I was betting using a few spread-betting companies’ demo sites. These are simulations of their live betting sites that allow you to practice before you start betting with real money. I realise that I am no financial genius otherwise I would have been rich long ago. However, the fact that I managed to squander so much money so quickly does pose the question – if spread betting seems so easy, why do so many people get completely wiped out extremely quickly?

We’re increasingly seeing advertising for spread betting in investing and money management publications. In the one I subscribe to, four or five different spread betting companies take full-page colour ads each week, outnumbering any other type of advertising. Spread betting ads are already common in the business sections of many weekend newspapers and will probably soon start to appear in the personal finance sections. Spread betting could appear deceptively attractive to many savers. After all, money in a bank, shares or unit trusts will at best give us about a miserable five per cent a year before tax. Yet a reasonable run on spread betting can easily let you pocket ten per cent a week – five hundred per cent a year – completely and gloriously tax-free. So spread betting can let you earn in just one year what it would take a hundred years or more to achieve with most other investments.

Spread betters gamble on price movements of anything from individual shares, currencies and commodities to whole markets like the FTSE, Dax or S&P. It is called spread betting because the company providing the service makes most of their money by putting an additional spread around the price at which something is being bought or sold.

Spread betting appears to have many advantages compared to traditional investing:

  • You don’t have to buy anything – It allows you to bet on price movements without having to buy the underlying assets – shares, commodities or foreign exchange.
  • It’s tax-free – When you buy or sell shares, get paid dividends or receive interest from a bank you will have to pay taxes like stamp duty, capital gains and income tax. Unless spread betting is your full-time job and only source of income, there are no taxes to be paid as it’s considered to be gambling.
  • You can go long or short – When you spread bet you can gain just as much whether prices rise or fall, providing you guess the direction correctly. With most other investments, you need the price to go up before you make a profit.
  • You can bet on a rise or fall at the same time – If the FTSE, for example, is trading at 5551-5552, you can place two bets, one that it will rise and one that it will fall. These only get triggered when the FTSE actually moves. So if it starts going up, your bet that it will rise gets triggered. Similarly if it drops, only your bet that it will fall is triggered. So it can seem that, come rain or shine, you’ll probably win.
  • Huge leverage – If you bet say £50 a pip (a pip is usually the minimum price movement you can bet on), you can easily win four or five times your original bet if the price moves in the right direction. On a really good bet, you can win much much more.
  • You can wait for the breakout – Prices on many shares, currencies, commodities and other things people bet on tend to experience periods of stability followed by bursts of movement up or down, what spread-betters call ‘the breakout’. You can place a bet that is only activated when the breakout comes.
  • Loss limits – You can put conditions in your bet that prevent your losses exceeding your chosen level should your bet happen to be wrong.
  • You can adjust mid-flight – With most bets, such as with horse racing or on roulette, once the race has started or the croupier has called ‘no more bets’ you have to wait helplessly for the result to see if you’ve won or not. With spread betting you can choose to close your bet at any time. So if you’re ahead, you can take your winnings; if you’re behind you can either cut your losses or wait in the hope that things will change and you’ll be up again.

Given all these properties of spread betting, it should be pretty easy to make a fair bit of money without too much effort. If only.

Industry estimates suggest that around ninety per cent of spread-betters lose most or all of their money and close their accounts within three months of starting. There seem to be another eight per cent or so who make reasonable amounts of money on a regular basis and there are around two per cent of spread-betters who make fortunes. I’ve been to a few presentations run by spread betting companies and at one of these the salesman let slip that over eighty per cent of his customers lost money. Even many professionals lose on about six bets out of every ten. But by controlling their losses and maximising their returns when they win, they can increase their wealth.

Why it can go horribly wrong

There seem to be several reasons why spread betting is so effective at dramatically demolishing most practitioners’ wealth:

  • The companies want you to lose – When you first open a demo or real account, you will get several phone calls from extremely friendly and helpful young men and women at the spread-betting company asking if there’s anything they can do to assist you to get going. This is customer service at its very best. Most of the people contacting you will parrot the line that they just want to help and that they’re happy if you’re successful as their company only makes money from the spread. Some will reassure you that they want you to win as the more you win, the more you’re likely to bet and the more the spread-betting company will earn. This may make you feel good, convince you that the company is open, honest, trustworthy and supportive and encourage you to use them for your betting. But it’s also a lie. It’s true that the company might make a lot of its money from the spread. However, with many of your bets, you’re betting against the company and so they hope you lose, big time. In fact, during the last month I’ve seen several companies change the conditions on their sites to make it more likely that people using them will lose. So, lesson one – spread betting companies are not your friends. The more you lose the more they win. It’s that simple.
  • It’s difficult to break even – If you bet say £50 a pip and the price does go the way you want, the spread betting company takes the first £50 you win. So the price has to move two pips in the right direction for you to win your £50 back and three pips for you to emerge with £100, doubling your money. But if the price moves three pips in the wrong direction, you lose your original bet plus £50 a pip, giving a total loss of £200, a loss of four times your original bet.
  • Losses can be massive – With most gambling, you can only lose what you put down on a horse, blackjack or roulette. With spread betting you can quickly say goodbye to much more than you wager. I forgot to put a stop loss on one bet and managed to lose over £800 with just one £50 bet. Because your bet is leveraged, you can make both fabulous gains and excruciatingly painful losses. Too often it’s the latter. The small size of many bets, often £5 or £10 a pip can lull betters into a false sense of security. It’s only when the losses go five to ten times the original bet that they realise the risk they have taken.

“The spread betting leverage means that you can get rich which is a wonderfully appealing idea, but it also means you can get poor which most people ignore.”

  • You can waste thousands on courses and systems – At one free spread-betting seminar I attended we were more than strongly encouraged to sign up for a two-day weekend course teaching us how to spread bet successfully. This would normally cost (we were told) £6,995, but there was a special offer for the first five people to sign up of only £1,997. There are many such courses and also gurus offering to sell you their special spread-betting systems, guides, webinars and all sorts of other advice. With so many supposed experts apparently making a living teaching others how to spread bet, there must be a lot of takers. But I’ve found that all you need to know and more is available free on the Internet. As one specialist said, ‘Don’t bother wasting your money on ‘Guru’ books written by so-called experts. Those books are crap and not worth the paper they are printed on. Nobody sells a secret trading methodology if they are really successful. The only reason these guys are writing books is because they didn’t make it as traders’.
  • It’s the bobbing about that beats you – We often hear on the news that the price of gold has risen by a few dollars an ounce or the FTSE has fallen by a hundred and thirty points or that the pound has risen by two cents against the dollar. These reports make price changes on financial instruments sound like smooth movements either up or down. However, the prices of shares, stock markets, commodities and currencies seldom move in straight lines. They jump about every few seconds. So, if the FTSE is at 5540 and you correctly bet £50 a pip that it will go up to 5545 you might not necessarily win £200. In between going from 5540 to 5545, it might drop down a couple of times to say 5535 or lower. If you have a stop loss on at 5536 or 5535 to avoid losing too much money, your stop loss will kick in and you’ll lose £250 or £300 even if the index did subsequently move upwards as you predicted. I’ve placed over a hundred bets to test whether I won when my bets were right. On about eighty per cent I lost in spite of being right because the fluctuations triggered the stop losses even though the index did actually move from where it was to where I predicted it would go. This creates a rather odd situation where stop losses can unfortunately make you lose even when you should be winning. Yet if you don’t put stop losses on and things go in the wrong direction, your losses can annihilate you.
  • It attracts losers – At the spread betting seminars I’ve attended, I’ve been shocked by the number of low-paid workers – waiters, porters, kitchen staff, healthcare assistants and impoverished, would-be writers like myself – who decide to have a go at spread betting as they believe that, apart from winning the Lottery, it may be the only realistic way they have of making any money. These people will be betting with their meagre life savings against extremely sophisticated financial services insiders with vast knowledge, many years experience and extraordinarily deep pockets. It’s not difficult to guess who is going to win.

Sucker or smartie?

Spread betting is a ‘zero sum game’. Unlike depositing our money in a bank so it can be lent to businesses or house-buyers, spread betting doesn’t create wealth. It just redistributes money from the suckers to the smart. When contemplating whether to try your hand at spread betting, you need to work out whether you are likely to be in the ninety per cent who end up as suckers or the ten per cent who make money by being smart. I found it interesting that not a single one of the amiable young men and women from spread-betting companies that I spoke to actually did any spread betting themselves. By the way, when I did eventually open a live spread betting account and managed to win about £100 a day for ten days, the spread betting company started preventing me getting out of losing bets because they claimed I was “betting unfairly”. However, if you do manage to spread bet successfully, please drop me an email, I’d love to find out how to do it.

A Simple Free Horse Laying System For Betfair

What’s the secret of a winning horse laying system for Betfair? There are hundreds of products for sale and so called Betfair gurus to tell you how to make money on Betfair but the basis of a winning system can actually be quite simple. Here I will describe the foundations of a winning horse laying system which you can adapt and experiment with.

The first thing we must look for when laying horses is that we have a maximum lay odds in mind to protect our betting bank. If we choose to lay horses simply on the basis that they are outsiders with little chance of winning on the day one does make it home first we will suffer! Imagine a laying strategy where we lay a 50 to 1 outsider every day. Inevitably one will win and we’ll pay the price for an over-simplistic approach!

Statistics tell us that around a third of favourites win their races. That means of course that two thirds of favourites lose their races! For me this makes the basis for a winning horse laying system. Favourites will of course generally have quite low odds and our betting bank won’t suffer too much when one does win.

There are many different types of horse races and by being selective about ones we bet on we can further improve our horse laying strike rate. Personally I avoid handicap races since in theory, if the handicapper has it right, all the horses are evenly matched. I also avoid races with only a small number of horses running – upwards of 8 is a good starting point.

There are many factors which determine which horse will be the favourite in a race. These include in form stables, trainers and jockeys and of course the horse’s recent race results. Here we have another strong indicator for a solid horse laying system – If the horse was second or third in its last race many punters will back it assuming it was just beaten and may win the next race. Often the race is a completely different affair – a different distance or class, more runners, better quality horses etc.

So to sum up my basis for a winning horse laying system for Betfair –

1) Don’t be afraid to lay favourites in the right circumstances

2) Avoid handicap races and big race meetings

3) Look for indicators there may be a false favourite – for example, was the favourite just beaten last time out but conditions today are entirely different

In spite of all the hype out there and talk of Betfair loopholes and secrets it is possible to make money on Betfair with a sensible horse laying system.

Soccer Betting Tips – For Serious Money Maker Only!

If you’re a soccer bettor who’s serious about making money, it is natural to look for the best soccer betting tips. You will find a lot of information about that on the internet that gives you the basic soccer betting tips. These tips are quite elementary, and therefore you will need more sophisticated tips to ensure that you are able to consistently make money through soccer gambling. Here are a few things that are worth considering –

Research online

This is fast emerging to become the favorite especially among the beginners. You can leverage the power of the internet as you can get lots of tips, statistics and updates from espn.com as an example and keep yourself informed at all times.

Besides, actively participate in some soccer betting forums will definitely help you widen your horizon because you can find many experienced bettors inside who can give you lots of precious ideas on betting on which team. These people can sometimes give much detailed analysis and accurate picks than the so-called soccer experts you saw on the tv.

Reducing risk by betting at halftime

This is especially valid for beginners with poor knowledge of soccer or those who do not want to risk too much. Your return will be less if you bet at the halftime, but in this case you are more likely to make money, though slowly, as you can see the progress of the match in better light.

Considering the draw

This is an often overlooked option because it doesn’t sound as exotic as a winner. However, you will be surprised at how many times you can make a good amount of money through much reduced risk by this method. Therefore you can get some really favorable odds from this method.

The above tips are the next step in betting, as compared to the various elementary tips that beginners need. These should help you improve your chances of success and help you make more money. However, if you really want to make consistent money at all times, then you will definitely need the help of a proven success soccer betting expert who is willing to tell you his winning formula and system.