Normally we would use a £1000 for a test such as this one for Five Minute Profits, but because I decided to make some money myself I put in a £300 bank which in most peoples case is enough to kick you off comfortably and also there could be an issue with £100 trades i.e 10% getting fully matched up in-play.
I personally took 10% of each days new overall bank and rounded the figure to the nearest pound which evens out over the longer term and saves messing with loose change. The best part was a success making a clear after tax profit of £162.81 and giving an increase of 54% on our original bank which aint bad for a few weeks work that takes little time to implement.
The system can be used at any time so for the 9 - 5ers you can use this evenings or weekends. I personally found it easy as I am looking at the racing every day including the betting shows and when a price situation does occur I just whack in a trade and job done whilst I do any other business.
The Five Minute Profits system has roused an interest amongst fellow bloggers and as trading is something I am looking to ultimately move into albeit from a novice/intermediate level then we can maybe look at more systems for the future. For anyone starting in trading and looking to get a method or two on the go then I can recommend that this system has performed almost faultlessly during the test but for anyone already trading then this will be nothing new.
£29.00 gives you the method along with an additional greyhound system (not tested) and useful mindset information regarding regular but small profit trading and at the end of the day will give you more return than the bank ever will for very little effort.
My only real advice would be to take it easy lumping in big trades as the in-play markets can be a little thin at times with the cold traders already out of the market and either paper trade or use small stakes until you get the hang of it. Make sure you devise a get out plan as some trades can go pear shaped guv as such is the nature and uncertainty of racing especially in sprints.
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this system is rubbish and does not work at all, the whole system hinges on noticing trends in last minute or so before a race and backing those trends – how often do trends change at the last minute, or even in first few seconds of race? Answer – all the time.
what a load of bollocks – have you even tried this system or is this just a editorial for affiliate commission purposes
Every review on this site is genuine and based on how we found the system to preform at the time of testing, I take pride in the fact that this is one of the most genuine sites out there and if I was going for affiliate comissions take a look at how some other sites do it for example bettingsystemteviews.co.uk
Hi Surfspic,
I did the full test on this system and the results I achieved are genuine and proved consistent throughout the test although everybody should be aware that from a trading point of view the markets can and do change and thus over time it may prove that what was working then may not be quite so effective now but at the time we can only report on what was achieved over the 30 day test. I think it would be unfair to label or name call this review site on the basis we have only had the one negative comment so far from yourself and as I am now a full time trader I strongly feel that my credentials for testing such a strategy clearly speak for themselves.
I can only say you must have been very lucky indeed then! From my experience the trend in prices at 1 minute prior to race is just as likely to change direction as to continue, when it changes direction you lose complete stake, when it does not you win 4 ticks, only takes 1 wrong trend in every 10 races to end up losing money as there is no stop loss/recovery method included with this horse racing system – are you saying the trends you spotted at the 1 minute mark were always correct?
just noticed your review is around a year old, perhaps things have changed on betfair in that time – will give you the benefit of the doubt on that, suggest you try it again and see for yourself how it fails consistently
Many thanks for giving me the benefit of the doubt and I will sleep much better knowing that.. Obviously I cannot go into detail on the rules but I found during the test that the trends were consistent but you will also note in my reply that the markets do change especially in the volatile world of the horse racing markets so I agree in principle that further tests to clarify its current potential wouldn’t be a bad thing to make sure it is up to date but the flip side is that I have very little time to do any testing these days and even less time to see if something consistently fails so sorry about that and it looks like a re-test is a no goer unfortunately but appreciate your comments regardless and wish you well for your future trading..
also just noticed you say in the review to “devise a get out plan as some trades can go pear shaped”, this could be the reason you did not lose all your bank, there is no stop loss/recovery plan in this horse racing system. So it looks like you used the system in conjunction with your own stop loss system which seems to have worked for you back then at least. However thats not really using the system as described in the ebook! Care to share how you managed to minimise losses?
A suitable entry and exit plan is a natural enough strategy to implement as we are trading and not gambling but regardless of what any trading strategy may or may not cover then a suitable stop loss which is variable down to everyone’s trading temperament. On that basis I would suggest that if you do have a legitimate copy of the ebook that you use your purchase status to get some further help from the author or vendor as to why you are not getting the results and also some advice on suitable exit strategies that no doubt he will be more than happy to help you with. It would be unfair for me to advise a strategy based on someone elses methods and feel now we have reached the end of the line for the Q&A so all the best.
Hi
I have been using the Barrage system lately. 2YO’s only Fav + 2nd or 3rd Fav Best LTO figure.
started on 14th june to 26 june £10 on top horse – £5 on 2nd horse
current balance £187.11 only one losing day
Hi John, what races do you back in or is this applicable to all 2 year old only races?