Format Racing Method Review
The Format Racing Method is based around a bit of mathematics, backing more than one horse in selected races and exploiting the difference between bookmakers odds compared to Betfair odds. It has a built-in risk factor so losses are minimised, and you need to be able to follow the live markets to gain full advantage of the system.
The Format Racing Method comes in an ebook format with an Excel spreadsheet that makes all the calculations for you. It costs £67 and is available as an immediate download.
The trial lasted 70 days and in that time the method produced a loss of £400.36. Over the trial period there was a maximum loss of £528.82 and a maximum profit of £116.38. The theory behind the Format Racing Method is mathematically and statistically sound, but horses don’t run to maths or statistics. It’s quite an intense system to use in that you need to follow the live markets and this can be quite tiring.
Because of the risk factor, a lot of races you end up betting in are the most competitive handicaps, and by their very nature throw up the bad results. A lot of races that would have been winners didn’t qualify because of the risk factor and this can be very frustrating until you see how much you need to stake to get that winner.
There are some filters in the Format Racing method i.e. some races you shouldn’t bet in, and it may be that more filters could be used to make this a profitable method e.g. the number of runners.
I have seen positive reviews of the method elsewhere, and if we’d started this trial on 15 Dec 2010, 25 days into the trial we’d have been £640 in profit, so it can work, but it’s not consistent enough to make long term profits from. So, because of this, I’m going to have to put the Format Racing Method into the FAILED category.
