Laying Odds on Favourites Final Review
[Rating3.5]
Hi Blogger’s
I have been reviewing this system for 84 days and it has made only 5.31 points to Level Stakes and 8.05 points to 5% Bank Liability so why am I passing it? If you go to the website it is performing exactly as it says it would. Let’s take a look at what the website says this is from the Blog Section:
“The “magic” of the Laying Odds on Favourites system really starts to happen once the bank begins to compound.”
“Unfortunately, this takes time, and it will be at least 3 or 4 more months before we start to notice a significant difference”
So let us look at my figures at the 56 day stage of the review:
Level Stakes = 1049.50 (1000 Starting Bank) = + 0.99 points
5% Bank Liability = 1033.52 (1000 Starting Bank) = + 0.67 points
Well that’s pretty unimpressive stuff now let us see the final figures Day 84:
Level Stakes = 1265.50 (1000 Starting Bank) = + 5.31 points
5% Bank Liability = 1402.64 (1000 Starting Bank) = + 8.05 points
Now that is better and that was after 12 weeks so we were approaching the 3 months stage when as per the comment on LOF site we should start to see a significant difference. Moving forwards to another comment posted on the site:
“Slow though it is, LOF is incredibly low risk, and we are making gradual profits”.
So one way to judge low risk would be to see what strike rate it has got, longest losing runs, how many points lost to counter the longest winning run and points gained.
Selections 60/ 31 Winning Lays = 51.68% Strike Rate
Longest Losing Run 3 (3 times) points lost = 2.06, 2.97 and 2.79.
Longest Winning Run 4 (2 times) points won = 3.80 (twice)
The points above are to Level Stakes but once again illustrates that the comments on the website are correct, losing runs are small, winning runs are small because you are dealing with Laying odds on favourites it is to be expected, the average odds of All Selections was 1.84, for Losing Lays it was 1.83 and for Winning Lays it was 1.84. The overall Strike rate is slightly down at 51.68% from the average of 53%, the number of selections per month is also down at 20 per month when the norm is 25 to 30.
This service or system runs on a Bot you are not given the system rules they are built into the LOF Bot, itself. A couple of times in the first month I experienced problems with the LOF Bot but since then everything has been running fine. Now cost wise this is not cheap if you subscribe on a repeat monthly it will cost you 67 pounds per month, the cheapest way is to take out a yearly subscription the cost 497 pounds working to 41.40 pounds per month.
LOF is most certainly not for everyone it really is a long term project at least to 9 to 12 months, the recommendation of the author/operator is you have a bank risk of whatever amount you can afford and forget about it for 12 months. To my mind to make it profitable you would need to have a bank of at least 1000 pounds. Another thing a buyer of LOF would require is an abundance of patience and discipline; I had a run of 10 days without a selection, also you will get losing days, weeks etc even a month but I agree with Matt that this will be profitable long term.
In Summary
I have only given LOF a rating of 3 and a half stars because it is fairly expensive, does require a lot of patience and discipline and has a limited appeal. I have passed it because it makes a profit and does actually do what it says on the tin. If you are a serious backer and have a good size bank and you are looking for a long term venture then this could be for you. Just to add that to really have seen the true nature of LOF we would have had to run a review for 9 to 12 months which would have been impractical, if I had of put LOF into neutral and started a fresh in a couple of months it is near certain it would perform in exactly the manner it did here, it clearly takes time for the compounding to work.
Regards
Sgt Dave
Rating: 
Filed under Passed and Recommended by on Aug 8th, 2010. 
Favourite’s Phenomenon Final Review
Rating: – Click to see the FP System!
Hi Bloggers
I have been trying out Favourite’s Phenomenon since March 8th and overall I have been pretty impressed, as per the website this is not a get rich now method but an investment. During the trial I have also had the chance to try out the FP Bot and it proved to be very reliable. I think only on one occasion did it let me down, I just simply reinstalled and was back up and running. Out of the 84 days of the review there was 21 days when there was no betting due mainly to the Maximum Potential Loss limits being exceeded or races over lapping. So out of the remaining 63 days only on two days did any of the Levels fail to get the winner the break down of the different Levels is as follows:
Level 1: 62 Days/59 Days won = 95.23% Strike Rate
Level 2: 47 Days /46 Days won = 98.04% Strike Rate
Level 3: 44 Days/ 43 Days won = 97.75% Strike Rate
Of course you could say you are doing stop at winner (SAW) but the winner came in an average of 2.57 of the qualifying races, so most of the time you had an early finish but you cannot not have a fraction of a race so it is probably best to say either the second or third qualifying race would produce the goods. There have been some comments posted on the blog about having to bet 70 points or even 121 points just to make a one point profit with FP if you follow the manual, program the FP Bot correctly or use the manual calculators provided properly its just not going to happen! Just to back it up the point’s outlay and returns are shown below for each Level:
Level 1: 122.6 points outlay, Profit 41.79 points = ROI 34.13%
Average points outlay per day = 1.98
Level 2: 102 points outlay, Profit 35.94 points = ROI 35.12%
Average points outlay per day = 2.12
Level 3: 130.66 points’ outlay, Profit 19.54 points = ROI 14.95%
Average points outlay per day = 2.97
It can be clearly seen that the outlay especially on Levels 1 and 2 is not that high to obtain 1 point profit, it must be said that the method has safeguards built in to protect the stakes from getting out of control, the FP Bot has them built in and you can adjust them to suit your comfort zone. I personally would use Level 1 as you get more action and losses are a lot lower but as a compromise Level 2 is good as well, the author of the system use Level 3 but I think for most of us the first 2 levels would be sufficient and would provide a steady income. Just to add all profits are shown at Betfair prices and commission has been accounted for in the calculations, although in my review I showed both ISP and BF the author recommends the latter and there was slight advantage during the trial.
So downsides the FP Bot costs 35 pounds a month, but if you have time in the afternoon the system comes with manual calculators which I have used as well. If doing the manual way you need to place your bets close to the off, around 10 seconds or so, I actually set the FP Bot to place bets 5 seconds before the start time. Once again there will
be variations in results on occasions, the results on the website are to Level 3 and depending of course when you do your calculations and place your bets. Another minor issue is that it is so consistent it is a shock when there is a losing day, you tend to get complacent.
So in conclusion based on what has happened over the 12 week review period I would recommend this system and award it four stars, as I have already said it might not suit some people but if you want to earn a steady profit with not much hassle then this could be for you. I personally prefer Levels 1 and 2 if you want to keep the stakes on the lower side, but once again that is up to the individual. So if you do purchase paper trade first read the manual especially for the FP Bot make sure your settings are correct.
Rating:
Matt has gave Betting System Truths readers a voucher worth £25 so that new members that join from Betting System Truths will get the advanced staking plan for free!
The voucher is worth £25 and must be used after checkout when offered the “Advanced Staking Plan” This is no gimmick Matt sells this every day for £25…
Go to: http://irec.ommend.com/favouritesphenomenon/ and add this beauty of a system to your portfolio! We 100% back this product and think it should be in your armoury…
Regards
Sgt Dave
Filed under Betting System Reviews, Passed and Recommended by on Jun 7th, 2010.