Subscribe to a newsletter from Streetwise Publications and you will always receive a couple of sales letters thrown in the envelope.
Usually these are business opportunity related offers but there can be the occassional strange offer for a weight-loss course or a speed camera detector.
I’m not surprised that Streetwise do this, it’s good marketing. If you are receiving a newsletter from them then you are already a customer and so related offers for other products are likely to be well received.
So, in with this month’s issue of Passive Income Newsletter (PIN for short) I got a sales letter for a new product which is described as a “back to basics betting method”.
If there’s one thing that sells well in the biz opp world then it is a system involving horse racing.
This one is called the “Lazy Lay Quick Cash System” and has been written by someone called Bill Stratford.
Bill claims that, starting with a £200 bank, he made a tax-free profit of over £47,000 in 2006 by turning the tables and becoming a bookie.
He even provides a run-down of his results he got from laying horses to lose in 2006 and during this time he only had one losing month when he lost £685.60 in October.
His best month was December where he made a massive £21,853.20 in profits spread over 24 bets. Pretty impressive figures…
This system isn’t cheap at £197 but it does come with a guarantee: If Bill’s system has a losing month in the first 3 months after you purchase, you can get a full refund provided that you have followed the system correctly and you send in your betting records to Streetwise.
I’ve purchased a similar laying system in the past but was unable to make it work correctly simply because I had to be glued to the PC in order to trade during a horse race. This was so that I could minimise losses by betting in play.
Not sure if you need to be available during races with the Lazy Lay Quick Cash System. It doesn’t seem that way because Bill says in the sales letter that:
“…you only need to invest a few minutes each day to make this system work for you, scan your morning paper, and place your bets…”
Sounds great but I’m not sure if I’m going to buy this one - not yet anyway!
Bill Stratford is correct in one respect:
“…You know it’s hard to pick winners, so it’s not surprising you never see a poor bookmaker. After all, picking losers (which is what most punters do every day at the bookies’) should be easier…”
hi ben
dont know what version of system i had . ive returned it now because i made a small loss in july. streetwise repaid me the £195. they are very good at handing back the money if you abide by rules by the way for anyone thinking of using them .
obviously i know the system now anyway so may try again in september . tho i am thinkng of carrying foward losses on unsuccesful bets to mitigate losses.
the real killer with betting is runs of the same result … as soon as you hit 5 in a row youre into big money. you face 2 problems then one is the stakes become very high but also you are afraid that you might not get the bets on anyway because of the large amounts of money…
id love to know by the way quite how the proponents of this betting system get bets of £20,000 plus on in betfair ?
anyway
. yes see you in september and well compare results a bit more closely maybe
cheers
mark
Comment by mark – July 24, 2008 @ 11:45 am
hi ben
thanks for the comments . have you finished testing the system now? you did it pretty comprehensively . I for one am grateful for the time and effort you put in and for sharing it with us .
I am still confused as to why we were getting different selections tho I have been over and over the full instructions and cant seem to find any procedural errors in the way im doing this so dont understand why im getting selections when you werent . I use the racing post website too not the papers .
I think you were absolutely right by the way to discount horses trading at less than 2 on betfair…
I think this system may work best in conjuction with an “Losses carried forward ” system . You did have a bad run in jan with 4 losses in a row but that seemed to be the worst of it
mark
[Addition by Ben: Hi Mark. Maybe I have a different version of the Lazy Lay system? Maybe they changed the rules after I got my version of it - which is 1.99119 EHQ... The system stops now until September so what we may be better doing is having a few weeks off and then comparing in September?]
Comment by mark – July 15, 2008 @ 7:17 pm
hi ben
ive been comparing my selections with yours over may and june. i do seem to have more selections than you. still not doing brilliantly tho. one thing is you mention the odds in betfair being too low! i dont understand this ….by low do you mean 4 and over or less than 2 ? . The system appears to be calculated on the odds in the racing post then as far i can make out the betting is only NOT done if the odds are 4.1 or more ( which i’m loathe to put on i can tell you as potential loss is great ) Is one of us making a mistake…??
cheers
mark
[Addition by Ben: Hi Mark,
When I talk about odds being "too low at Betfair" I basically mean that I do not lay a horse if it is trading at below 2 on Betfair. This isn't part of the rules defined by the Lazy Lay system, it's just something I do because horses that are priced so low tend to win, a lot! Out of the 30 I have come across which are trading that low, 20 of them won the race.]
just as a comparison ..today 30th june i have 2 selections at wolverhampton 3.30 “precision” and 4.30 “talking heads”
how about you ?
[I got no selections today - the first (1530) was priced at less than evens and the second was not a selection as the last race it ran was at Wolves. I check the website, not sure if that differs from the paper?]
Comment by mark – June 30, 2008 @ 12:22 pm
Hi Mark,
It’s been really quiet the last couple of months with very few selections. I had one selection on the 11th that I haven’t reported yet (a profitable selection) and one on the 14th which I didn’t take due to the odds at Betfair being too low.
I guess we’ll have to wait for the new season to start in September(?) before we see a decent number of selections.
I’ll try and update my results over the weekend but thanks for the message.
Cheers,
Ben
Comment by Ben – June 20, 2008 @ 3:42 pm
hi there
watching your results with interest… i made a small loss on may and am still doing june. keep up with the results as im comparing my selections to yours something which the system’s organisers/sellers could do for us really. so far im in a small profit for june but not much ..some races on monday and wednesday left in june
really hoping ill get my money back on this sytem as its not really capable of the profits implied in the system’s sales literature in my opinion.
thanks
mark
Comment by mark – June 20, 2008 @ 9:25 am
hello.. well i left a detailed posting this afternoon which showed up on this blog but a few hours later was gone … there was nothing wrong or abusive about it .. i was making general comments and asking if anyone had difficulty getting their guarantee on this system .. Is there any censorship here please ?
mark
[Addition by Ben: Hi Mark,
Thanks for the message. I'm sorry that your comment seemed to show up and then disappear but all comments are moderated before they appear on the blog (it's to stop comment spam which is a huge problem with blogs). Your comments should appear immediately from now on because you're on the "OK" list!
Thanks, Ben]
Comment by mark w – May 8, 2008 @ 6:41 pm
hello all
ive been testing this since the beginning of the month.. so far standing at a small loss…. i was feeling hopeful but the general tone of this blog seems to be that it doesnt return the kind of money it promises…. If it doesnt then how can these people keep pushing these systems… ?? The results in the literature are undeniable so all i can assume is that they are somehow inaccurate ( ie some losing bets left out) or we are not doing it right….????
anyway my question is how good are streetwise at refunding the money in a losing month… do they get really fussy about every bet or are they honest enough to believe you did your best and give you the £197 back ?
I have to say in streetwise’s favour that up to know they have refunded me on anything i returned within their conditions of return.. so thats a big credit to them . But this is the first time i may return something based on results rather than an unconditional guarantee !
mark
Comment by mark – May 8, 2008 @ 3:35 pm
Hi Mitsp
My version of the Lazy Lay system recommends betting 10% of your bank on each time, so I’m not sure where your £100 level stake figure is coming from. As for mileage in the system, you can see from Ben’s results that a winning run will increase the bank. It would be nice to see a winning run that takes Ben’s bank to double his original £200 to £400, he could then withdraw his original £200 and play with the winnings. At that point I would say there is mileage in the system.
Comment by Mike – April 19, 2008 @ 3:49 pm
Hi Mike, Do you really think there is milage in the system? Bill Stratford’s profits I am assuming are based on level stakes of £100 - whereas I have been staking 5% of a bank and still don’t seem to be getting back in the black as everytime i get near to there we have a loser which puts the bank back into the red!
Comment by Mitsp – April 16, 2008 @ 9:01 am
Hi Sam
You will get baqck double your stake if you lay the horse and it loses (less commission). If the horse that you lay wins, then you will have a liability according to the odds given in the libility box. If you lay a horse with odds of 3.0 with a stake of £10 and the horse lose, you will be paid back £19.50, ie a gain of £10 less commission. If however, the horse wins you will have take a loss of £20 as you have agreed to payout at 3.0 which converts to odds of 2/1. The figure in the payout box is what the backer of the horse will receive back in total if their horse wins. Hope that helps.
Mike
Comment by Mike – April 15, 2008 @ 6:28 pm
Hi, hope you dont mind me joining in, I started this last wednesday, and by following ‘the system’ to the letter I have made 23% profit, which is better than putting it in the bank!! I made an expensive mistake by thinking I new better on one race, so wont do that again. There is one thing I didnt relize when I started, is that you only seem to get the amount you put on back (double the stake)when the ‘payout’ box sys a lot higher. Am I being stupid as I’ve never done any betting before.
Apart from that so far its a fun thing to do, but must be careful it doesnt turn into an obsession!!
Comment by Sam – April 14, 2008 @ 12:11 pm
Hi Ben
Good call, although slightly different to what Lazy Lay advised me. I see that the 2050 selection would have worked as well today!
Cheers
Mike
Comment by Mike – April 10, 2008 @ 11:58 pm
Hi Mike,
Thanks for dropping by! Like you I initially had 3 but I discounted the 3rd (2050) because of the class drop. The 1st is a non-runner in any case but the second selection (2020) had been racing in Class 5s but then raced in one Class 1 and is back in Class 5 territory so I think I will be taking it.
Cheers,
Ben
Comment by Ben – April 10, 2008 @ 5:33 pm
Hi Ben
Just thought I’d let you know that I came up with no selections today after the initial 3 were eliminated following the class comparison.
Regards
Mike
Comment by Mike – April 10, 2008 @ 3:19 pm
Hi Mike,
Thanks for the update. I’ll fire you an email later on, I appreciate the offer.
‘Yes One’ yesterday was my 100th Lazy Lay selection. From 100 wagers I got a 64% success rate (64 winners, 36 losers).
And now, after 101 selections, my bank stands at £212.52.
Although no selections today, I think I’m going to continue with the Lazy Lay system for the time being to see if it continues on this ‘winning’ streak.
Cheers,
Ben
Comment by Ben – March 13, 2008 @ 4:32 pm
Hi Ben
I had 3 selections on the 3rd March, yours plus ‘Kyrie Eleison’ which did in fact come 1st (four initially but one, ‘On Every Street’ was dropped based on the class comparison). I did email Lazy Lay about the class comparison and if you email me, I’ll let you know what they said.
I think my bank performance is roughly in line with yours. I need to update my spreadsheet though and I’ll re-post then.
No selections today 13th March.
Regards
Mike
Comment by Mike – March 13, 2008 @ 2:34 pm