Racewage?
 

Just wondering if anyone ever had anything to do with a system that was on the market several years ago called Racewage? The premise was around easing favourites at about $2.70 or longer and betting against them. Interested in getting more info.


Eddy

well either it made a bundle or not, never heard of them but last response was from 2010 (http://racewage2010.blogspot.com/)

Hi Eddy,

I think the owner Theodore Basil started up new tipping service by the name of ProRaceTips

The original system didn't hold up after a few months of trading

Things like this make me wonder how many people actually subscribed to it.

I wonder how many people would rather be in a syndicate than use a tipping service. A syndicate is far more likely to make a profit than a tipping service as the syndicate owner only profits if the syndicates makes a profit. It also means the syndicate owner can know if there is value in the tips and only bet when their is value which can not be done when providing tips as you are just guessing at the expected odds (or worse not taking them into account).

80 % Winning Strike Rate eh.

"Come in Spinner"

hehe

I think the 80% is based on the top4 selections

racewage
 

well thanks for the replys guys.

Hi Eddy,
If your thinking about laying just easing favourites on Betfair, it's the very fast way to the poor house, because a $2.70 favourite easing out to $3.00 or $3.50, will be at least $4.00 or more on Betfair, so well over the odds. The only thing that makes it look attractive is the strike rate, but the odds are not in your favour, plus you're paying commission every time one does lose, so they lose more than win and the commission soon adds up on top of the $4.00.
Your only possible way to make a buck on those horses is to trade as they drift.
Hope I explained that well enough.