Racing Goldmine

| March 31, 2019 | Reply

Product Name:

Racing Goldmine

Company Name & Contact Details:

Betfan Limited,
Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

Email contact is via the “Support” page on the website.

Price:

There are a number of different subscription options:
£19.00 plus VAT = £22.80 every 7 days
£57.00 plus VAT = £68.40 every 28 days
£160.00 plus VAT = £192.00 every 90 days
£271.00 plus VAT = £325.20 every 6 months

Money Back Guarantee:

No. Betfan’s terms and conditions state that subscriptions are generally non-refundable but that every request for a refund will be reviewed and if they feel a refund is warranted it will be granted.

What Do You Get?

Multiple (two or three) selections in the same race, all backed at one-point flat stakes to win. Expect between two and five races to be covered most days. Selections are sent the evening before racing.

Where to Buy:

https://members.betfan.com/services/racinggoldmine/

How Much Money Do I Need to Get Started?

A starting bank of 200-points is recommended for this service.

How Much Money Can I Make?

The Racing Goldmine webpage shows a profit of 370.45 points between September 2017 and March 2019, an average of 19.5 points per month. However, the range of monthly performance is between -65.5 points and +78 points.

How Much Time Will I Need to Make This Work?

This will vary with the number of races covered on any given day. However, all selections one-point win bets and so there is nothing complicated about the staking plan. The bookmaker offering the advised odds for each selection is given and can vary across every horse. All told, a maximum of 15-20 minutes should be enough to get all the bets placed with the best prices on offer.

Will I Need Any Equipment to Do This?

A laptop, PC, tablet or smart phone with internet access and access to a range of online bookmaker accounts.

Value for Money?

As always, I will defer a comment on this until the end of the review period.

Quality of Customer Service?

Has the support of the Betfan platform. Requests for support are made via the support ticket system on the website. I have always received a quick and professional response when using the Betfan support system to set up reviews.

Review

Racing Goldmine joined the Betfan platform in September 2017, and according to their statistics on the website has amassed members 370.45 points profit up to the end of March 2019. That equates to an average of 19.5 points per month. However, the last two months have ended in a loss and March looks likely to follow suit as I write this.

The basis of the service is backing multiple horses in the same race, usually two or three selections per qualifying race. To qualify as an opportunity the race must offer the author two or three value picks at decent odds. The average odds of all selections runs at around 9 or 10/1. Individual selections can be as low as c.5/2, but can equally as easily be 20/1+.

There are between two and five qualifying races on most days, and an average month will have around 260 selections in total.

This is not a true “dutching” approach as all tips are backed as one-point win singles. Therefore, the returns will vary depending which selection (if any) wins the race. In a true dutching scenario the stakes would be adjusted so that the return is the same regardless of the winning selection. This does mean though that there is nothing complicated in the staking plan and no need to do any dutching calculations.

The email arrives the evening before racing, usually between 20:00 and 22:30, but selections are also available in the members’ area of the website and via the Betfan app.

In the last week Betfan have changed the design of their emails from the previous “boxed” layout to one which now incorporates the silk colours for the selection and separates the individual selections by the use of bandings of different shades of grey. I must admit that at first, although liking the inclusion of the colours, I found the email harder to read than previously. However, having used it for a few days now and getting more familiar with it, it actually works ok.

Results – Month 1 (28 February to 27 March 2019)

The first month of the review started with a good sprinkling of winners and the cumulative position tracked along between a small loss and a small profit. With five days of the period remaining we were sitting on 1.84 points profit. Unfortunately, the last five days produced 41 selections and just one relatively short-priced winner. The result was a final loss for the month of 32.66 points.

The overall strike rate for the month was 10.67%, which is probably a couple of points down on where it needs to be for a successful month. However, given the volume of selections and the average odds involved, that couple of points makes a huge difference to this service.

The average odds of all the selections was 10.05 (c.9/1), so well in line with expectations. The average odds of the winning selections was much lower though at 7.33 (between 6/1 and 13/2). This will also have had an effect on the overall result for the month.

Summary at End of Month 1

Although this wasn’t the best of starts for the review, historic results* tell us that this level of loss can easily be recovered in a good month. We wait and see if Month 2 delivers just that.

 

The full list of results for the review period can be found here.

* – Reference to figures from outside the review period are taken from our partner Tipstars.

Email

Tags: , ,

Category: Betting Systems

Leave a Reply

You must be logged in to post a comment.

Not yet a member? Join Betting Rant free and get access to all the members only content including free betting systems!

Already a member but haven't registered yet? Please follow the links to the registration page in any email issue of Betting Rant from 12th July 2012 onwards.

Download SIX mini sports trading systems for FREE

Sign up here and I'll immediately email you a copy of my Sports Trading Bible, worth £20, COMPLETELY FREE of charge...

What's more, you'll also receive my e-letter, the Betting Rant… And again, it's COMPLETELY FREE.

I respect your privacy and will never pass
on your email address to anyone else.

© 2019 Betting Rant. All rights reserved. | Agora Lifestyles Ltd, Registered office: Curzon House, 24 High St, Banstead SM7 2LJ | Registered in England No. 3303666. VAT No. GB 629 7287 94

Gambling is high risk, never bet with money you cannot afford to lose. Please gamble responsibly, for information and advice visit the gambleaware website at: www.begambleaware.org. This content is not intended for audiences under the age of 18 years of age.