Weekend Wager column has been testing out the All By The Book system on our
behalf. With his advanced Microsoft Excel knowledge, Mat has been able to ...
Secret Betting Club The good, the bad and the ugly of the tipster world…revealed!
System Review: All By The Book Service Name: All By The Book Website: http://www.allbythebook.com/ Mat Hare who many of you will be familiar with via his Soccer Systems blog and Weekend Wager column has been testing out the All By The Book system on our behalf. With his advanced Microsoft Excel knowledge, Mat has been able to design a spreadsheet to help both automate the system and importantly for us – enable us to track its exact performance. We will be updating on the progress each month and to start things off is Mat’s introduction to the system and what he has uncovered so far... All By The Book is a horse racing system that uses a mathematical approach to exploit a loophole the system makers claim is guaranteed and cannot be shut down. My test therefore is to help examine this claim and see just how useful this loophole actually is. The system is supplied in the form of a short (nine page) ebook outlining its rules and how it operates as well as giving a couple of variations on the system and addressing a few key questions you may have. To be quite frank, the ebook isn't very well set out and is poorly written. Thankfully though the system is simple, so despite the poor first impression, you should be up and running with it pretty quickly. I will admit though that having seen the website and read the ebook I didn't have a great initial impression. The test began on 25th August and during that period there have been 29 qualifying races. I managed to track most of these live apart from a few days which I missed for various reasons. The parameters I am using for the test are those outlined in the original system so as to remain as true to the authors approach as possible. So I am using books of 103% (this will make sense if you own the system), £100 stakes and rounding down to the nearest pound. So far, these are my stats since then: Number of races: 29 Winning races: 15 SR: 51.72% Total profit: £149.35 ROI: 5.27% Biggest win: £33.00 (34.02% of stake) Biggest loss: -£12.00 (-12.37% of stake) I should point out that my ROI calculation differs substantially from that used by those marketing the system. In my figures I have used the total amount staked in each race whereas ABTB are calculating the total staked via a different method, which both myself and SBC feel is incorrect. Therefore my ROI (and SBC) figures are quite different for this system and as such can lead to significantly different results.
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Secret Betting Club The good, the bad and the ugly of the tipster world…revealed!
Note from Mike of SBC – Having spoken with Mat at length about this, I also agree with him that the current ROI calculations supplied by ABTB are incorrect. Mat’s figures take into account the total amount staked on each race and are therefore accurate in my opinion. It is similar in concept to a laying service, which calculates the total amount staked as simply the money placed on a lay (for example placing £50 on a horse to lose at 5/1). This is incorrect as your total amount risked is actually £250 (£50 X 5/1). The difference therefore in ROI figures when you enter stake as either £50 or £250 is quite substantial!
Works in Theory – But What About in Practice? The system relies heavily on Best Odds Guarantee (BOG) bookmakers and I would say that unless you have available accounts with the full set of these you may want to give this system a miss. Suppose you do have unrestricted accounts with all the BOG firms though - is this system worth it? In terms of workload, following the system rules manually could take upwards of half an hour and you can expect on average one or two qualifying races per day. This process can be made much faster and easier with the use of a spreadsheet I have developed to do all the hard work for you. With this all I now need to do is press a button and within a couple of minutes it has checked the racecards and pulled out the necessary information. All that is left for me is to place the bets to the stakes given. Without my spreadsheet I would have to question if it's worth the effort of following as there are many opportunities for human error to creep in. In terms of profit levels, so far it’s been decent although we only have a small range of stats to work from. It’s fair to say the returns aren't great at just over 5% of turnover, especially when you can't really use the exchanges. There is also the fact that by following this system you risk having your BOG accounts restricted or closed. I can't go into too much detail on this without giving away some of the system's secrets, but I feel that were you to follow this system for a while you would soon find yourself getting restricted by a few firms. This could become very frustrating as the system requires you to place very specific stakes on each bet. If just 1 or 2 bookmakers won’t let you get on the amount you desire and at the odds needed, it could cause all kinds of problems. So my initial impressions aren't that great but I am prepared to have an open mind and continue to trial the system and let the figures speak for themselves. If the system can show a tidy profit at a decent ROI than I am happy to revise my thoughts on this one. So far I have found that while in theory ABTB looks great, in practice it’s proving to be a whole different beast! Note from Mike of SBC –Whilst we have found ABTB to show some promise, it certainly also raises a lot of questions, which many other free online reviews out there are not highlighting. This is not to say such reviews are biased, but as we are a members only publication, we have the time and space to explore things others may miss or brush over. As always, The Secret Betting Club never uses affiliate links when reviewing any product to ensure 100% independence.
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Secret Betting Club The good, the bad and the ugly of the tipster world…revealed!
System Update: All By The Book Service Name: All By The Book Website: http://www.allbythebook.com/ With help from SBC contributor Mat Hare, we have been testing out the much hyped All By The Book racing system since the end of August. With his advanced Microsoft Excel knowledge, Mat has been able to design a spreadsheet to help both automate the system and importantly for us – enable us to track its exact performance. Below is the latest on the progress of the ABTB test during the past few months. To quickly re-cap, All By The Book is a horse racing system that uses a mathematical approach to exploit a loophole the system makers claim is guaranteed and cannot be shut down. Our testing therefore is to help examine this claim and see just how useful this loophole actually is. The parameters being used for the test are those outlined in the original system, not the variations. So we are using books of 103% (this will make sense if you own the system), £100 stakes and rounding down to the nearest pound. The test began on 25th August and during the period since then we have the following stats from our test: Number of races: 93 Winning races: 52 SR: 55.91% Total staked: £9060 Total profit: £490.24 ROI: 5.41% We are continuing to hit around the 5% ball-park figure in terms of ROI from those races we have evaluated. Of course during this period more than 93 races will have qualified but this is a decent cross-section of results based upon running the system on most days. It’s worth noting as well that the way we calculate ROI is substantially different and in our opinion much more accurate than those reported by the ABTB vendors. For a full explanation on this, do check out the ABTB initial review from SBC 53.
Problems in Practice As we initially suspected, ABTB while profitable, does provide a potentially big risk to valuable Best Odds Guarantee accounts in that you run the chance of having your accounts closed down or limited. The question therefore is do you want to risk limiting or having such accounts closed for a 5% ROI figure? A 5% ROI figure can be OK however if you can get on at high enough stakes to make this more profitable for you, although whether you will ever be able to get on at large stakes should you so desire is also up for debate. Imagine a scenario where you placed £200 on a bet at 5/2, £150 on a bet at 5/1 and you now need to place £100 on a 3rd bet at 8/1. What if you can only get £40 on at 8/1 before the bookie restricts you? Or perhaps the price moves and you can only get a best priced 7/1? With just a 5% ROI and at large stakes, the margin for error is low and these practical considerations need to be evaluated. This will and does happen a fair
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Secret Betting Club The good, the bad and the ugly of the tipster world…revealed!
amount, especially if you consider the number of others who may be doing exactly the same as you and trying to back these horses at best odds! The work involved in compiling the bets manually and then placing them is not to be ignored either and it could well be you can get better value products for your time. The appeal of a system like this is that there is just the one-off cost of purchase, however if it’s taking up 30 minutes of your time to make £10 profit a day on average, is this cost-effective for you? We will continue to test out this system to the advised methods and do hope to have some firmer conclusions to all these questions in our full review in the New Year. As we have less than 100 races to hand so far, we are still keen to get more stats and results under our belt. We are also working on tweaking the ABTB approach ourselves to see if it can be improved by applying some additional methods. For example, Mat has drastically cut the workload needed for following through the development of a specific ABTB spreadsheet that does all your staking and odds calculations for you. We are also keen to see if we can improve the ROI figure and reduce the strain placed on BOG accounts if following. We hope to have more on this soon.
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