Easy Horse Race Lays (Final Update)

| March 4, 2019 | Reply

ALL UPDATES IN BOLD

Product Name:

Easy Horse Race Lays

Company Name & Contact Details:

www.easyhorseracelays.co.uk
Contact is via the form on the “Contact Us” page of the website or directly to customerservice@easyhorseracelays.co.uk

Price:
£39.95 per month, although a 14-day free trial is available which is excellent for seeing how it all works in reality.

Money Back Guarantee:

None mentioned.

What Do You Get?

Automated lay service on UK horse racing.

Where to Buy:

Home

How Much Money Do I Need to Get Started?

A 100-point starting bank is recommended for this service.

How Much Money Can I Make?

The website shows a profit of 329.24 points since the service launched in January 2016, an average monthly profit of 9.14 points per month.

How Much Time Will I Need to Make This Work?

This is an automated service, so once you set the account up, which takes about five minutes, everything else is done for you.

Will I Need Any Equipment to Do This?

You will need a Betfair exchange account and a PC, laptop, tablet or mobile device to complete the registration and set up process.

Value for Money?

Let’s wait until the end of the three months before making a decision on this aspect. Although we saw a profit over the course of the review period, you would need to be using stakes of £17.88 per point to breakeven after the cost of the service. At £50 per point stakes the net profit from the review was £215.15. It’s borderline for VFM based purely on the three month’s of the review and will depend to a large extent on the level of your stakes.

Quality of Customer Service?

I found the whole registration process to be very quick and straightforward and, although the process for setting up the bot is very simple and the instructions easy to follow, there is the support available should you need it.

Review

Easy Horse Race Lays (EHRL) is an automated lay betting service which has been running since January 2016. The service is run through the EHL Bot which is extremely simple to set up. The 3-step set up process is clearly explained and takes just a few minutes to complete. You will need a Betfair Exchange account to operate this service and you will need to authorise your Betfair account to accept bets from the bot.

Once the bot is set up it remains active until you change the status. There is an option on the control panel to use the liability to set the stake but this is not recommended by the service, although the option is there should you wish to use it. You can also amend your stake at any time by changing it in the control panel.

Once the selections for the day have been identified the bot will place the lay in the five minutes leading up to the race. This is the time of maximum activity and, as selections tend to be at the top of the market, liquidity is not usually a problem for getting the bets matched. As the selections are only placed just before the off time of a race there will only be one “live” selection at any one time which minimises the balance required in your Betfair account.

The selections are made using EHRL’s own system of ratings and filters. Once the selections are identified the bot will only place the lay if a price between 3.0 and 9.99 can be secured. The number of selections each day is shown in the members’ area of the website after about 11:45. However, you cannot see the selections and they only appear in the results panel once the race is over. So, if you like to watch the selections this service won’t work for you, this really is a set it and leave it approach and you just check back at the end of each day to see the results.

Results – Month 1 (1st December to 31st December 2018)

The month started well with 14 of the first 16 lays being successful and leaving us with a cumulative profit of 6.6 points (net of Betfair commission). Unfortunately, we then experienced three consecutive losing selections which equals the worst run from the service according to their website. A further three successes followed to leave us with a tiny profit for the month of 0.65 points.

Overall there were 22 bets in the month and 17 of those won, a strike rate of 77.27%.

The average odds of the losing selections were 4.1 (just over 3/1), this was slightly lower than the overall average of all selections, 4.45 (nearer to 7/2).

The monthly profit of 0.65 points after deducting the Betfair commission meant that even at £50 per point stakes you would not have covered the cost of membership for the month.

Results – Month 2 (1st January to 31st January 2019)

The strike rate this month was over 80%, with just four losing lays out of 22 selections. The losses came in two clumps, with two in the first four picks for the month and then two consecutively mid-month. In between we had a sequence of 11 successive wins and also closed out the month with an unbroken string of five successes.

The overall result was a profit of 6.05 points for the month. Added to the small profit from the first month we now have a 6.70 points gain across the two periods.

The average odds of the losing selections (i.e. those horses that won their race) was down to 3.76 (11/4), lower than the previous month which also helped the profit position.

The cumulative profit of 6.70 points would still not cover the cost of the two month’s membership if you are using £10 per point stakes. However, at £50 per point the net gain now stands at £255.10, which is a 5.1% Return on Investment.

Results – Month 3 (1st February to 28th February 2019)

As last month we had just four losing lays, this time from 20 selections for a strike rate of 80%. Unfortunately three of those losses came in the last seven selections of the month and wiped out what was a promising position of plus nine points at the time. The overall result was a breakeven month, leaving us with a total profit of 6.7 points for the review as a whole.

The average odds of the losing lays this month was 4.8, over a point higher than last month, and that contributed to the lower return this period.

The overall profit of 6.7 points is well behind the monthly average claimed by the service, but there are sufficient signs to suggest it can perform over the long-term. The profit for the three months would actually net down to a loss of £52.85 after the cost of the service if you were using £10 per point stakes. However, at £50 per point stakes the net surplus would be £215.15.

Overall, the strike rate was just under 80% with 51 of 64 lays successful. The Return on Investment (ROI) of 10.47% nets down to 6.48% at £50 per point stakes, and as mentioned above is a net loss at £10 per point. Meanwhile, the net Return on Capital (ROC) is 4.3% at £50 per point stakes.

Summary at End of Month 1

There were enough signs in the first month to suggest that the historic profit claims are achievable. We will wait and see if we were just unlucky to hit the equal worst run for the service in the first month of the review.

Summary at End of Month 2

This month was much closer to the historic average monthly profit of 9.14 points claimed. However, across both periods our average now stands at 3.35 points, so there is still some work to be done in the final month to lift us closer to that target. That said, a very good month and the promise is clearly there.

Summary at End of Month 3

I kept thinking “nearly” throughout this review. There were enough signs to suggest Easy Horse Race Lays could be successful over the longer-term and I would want to take an extended look before getting off the fence! The free 14-day trial is excellent for getting a feel of how the system works and how little input you need after the initial set-up.

 

A full analysis of the results for the review are available here.

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