I put a small youtube.com video together yesteday about why I think people fail to grow their betting banks. You can see it here.

http://www.youtube.com/watch?v=gHS8hGYqZ_s

If you have the time can you take a look and then leave a comment. As I said in the video I do not mind if the comment is good or bad, just let me know what you think.

http://www.youtube.com/watch?v=gHS8hGYqZ_s

I have another 5 video's planned in this series and will be putting them into the http://www.cyobs.co.uk archive over the next few weeks. I added a new betting bank article yesterday to the site.

Well my new tube video is my rambles this morning so I will leave it there.

Don't forget to check out http://www.cyobs.co.uk/fbc.htm There are a number of video's to watch, which should give you a good idea of what it is all about.

Don't forget to follow me on twitter...

http://twitter.com/bluebelldata

You went really quiet on me yesterday. I hope I didn't offend anyone it was not my intention I was just trying to point out that you have to be careful, as it is so easy not see the whole picture when you are looking at the bottom line.

The thing is that if you had have purchased the system from a normal "system seller" you would have only got the selection process, without any explanation, of how they came up with the idea in the first place.

So although you know what to select you have no idea why you are using the selections process apart from probably some pointers about statistics.

I have been trying to get you to start thinking about creating your own systems because these are the ones that are going to suit you.

I have been putting some information together over the last few weeks that I am hoping that you may find useful and it starts with a "create your own betting system" report and video that you can get by popping over to here:

http://www.createyourownbettingsystems.com/

One important thing before you go. After you agree to get this information you will be sent to a thankyou page with some more information. I wanted to let you know that the back system I refer to on this page, is the same system we have been talking about the last couple of days.

So if you really are interested in finding out how I created the system you may want to have a look at this.

http://www.createyourownbettingsystems.com/

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The prices of the two selections I had been monitoring yesterday went out quite a bit during the morning so I didn't touch either. I am actually quite surprised that Italian Tom had an SP of 11/8 because it was 3.00 odd on betfair when I looked.

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Lastly today.

I had a phone call from a guy called Ant yesterday who was explaining to me about a lay system he had been testing for quite a while. Now as you can guess I get a lot of emails and calls about systems but what interested me about Ant was the method he was using to select the runners.

I tend to be a little careful about showing selections in this newsletter but I thought it was having a look at Ant's daily selection to see how they go.

He mentioned he only has two rules. The first is the one I use as well which is the 10% reduction rule.

http://www.horseracingsystemsuk.com/reduction_factor.htm

The second is 4.00 or less on Betfair.

Yesterdays (Which he did give me before the race)

2.20 YAM MASKED DANCE 3rd 10/3

Today's

2.40 BEVERLEY MY MANDY (TRADING AT 4.0)

I just checked and it is now 3.55

Don't forget this is a test although Ant has been testing for several months and said he does now lay them himself.

More tomorrow...

|Don't forget to follow me on twitter...

http://twitter.com/bluebelldata

Finally got a win lay yesterday with Mt Kintyre who went off at 5/4 and came 8th out of 9.

Today I am looking at two possible selections..

14.20 Yarmouth, Italian Tom

19.30 Hamilton, Freman

Both are a little high at the moment at around 2.88 I will see if they come down to nearer 2.5 later in the day.

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Well after all the e-mails I had yesterday regarding how much you would pay for the system that produced these results.

http://www.horseracingsystemsuk.com/results-cyobs.htm

I would be able to make quite a bit of money today!

It was really interesting to see the range of prices offered and I really appreciate your honesty on this.

Now what I am about to say may offend some people but it really isn't my intention. I want to make a point and yesterday proved that I am correct in my assumptions.

From all the e-mails I got only a few questioned or commented on the actual results, many of you just looked at the "bottom line" and presumed an easy way to make money and what is worse, a few people seemed were very serious about paying me an awful lot of money.

Ok I know some of you were kidding and probably wouldn't hand me £200 based on the results chart but I can tell you from watching other "system sellers" in this industry that it does happen and far to frequently.

I didn't lie about the results they were actually from a back tested system and confirmed on Porform as well but I have hardly tested them at all live, although I am watching them . There was a selection yesterday and it came in within the price range but lost.

Anyway here is one email that was sent to me yesterday...

"Firstly, to answer your question, No, I would not be interested in the system. The reasons are are follows."

MAL - The sender wants to remain anonymous but he makes some valid points.

"(1) From 1st Jan 2007 to end of May 2007, it didn't make any money. Neither did it make any money from mid-July last year until mid-July this year. Putting effort into this system for a whole year without return does not represent good value to me, and would certainly have put me off using the system. Consequently, it would also have put me off buying any further systems from you. "

MAL - Now how many of you saw that?

If you had purchased this system you would have given up after a couple of months.

"(2) I only use betting exchanges and I notice you haven't deducted any commission from the results, so the profit quoted would be less impressive. And of course, during the periods mentioned above, the system would have made a loss."



MAL - I did argue this wasn't really a valid point as you could get the prices from the bookies and watching the prices on Betfair they tend to be higher than the 5% commission you would have to pay.

"(3) Its not clear whether the selections/results have been proofed in live racing, or generated from historical data. The majority of system developers fall into the trap of creating systems based on historical data, and assume its success will carry on likewise into the future. "

MAL - Very good point and I have already mentioned that this is exactly what I did, although unlike many "System Developers" I did use two sources to confirm the data.

"(4) Most systems use the Racingpost website, which is now an additional expense that cuts into potential profits. So if this system used RP, I wouldn't be interested. Sorry for the negative reply. I do recognise though that the bank grew by about 3000% between May'07 and May'08, but that may have been the period for which the rules of the system were tuned for maximum return. Really I prefer to see more consistent return over time. "

MAL - The system can use any source although I have only had to pay RP £7.50 a month for the information I need for most of my systems.

Anyway thanks for the email and I appreciate the feedback and honesty.

So I wonder how much you think the system is worth now?

And I hope you appreciate my honesty...lol

More tomorrow...

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Ever had that problem where you want to paste the odds into a spreadsheet from a web page but excel formats them to a date?

A quick solution from me...

http://www.youtube.com/watch?v=bC6iMYwZQh8

|Don't forget to follow me on twitter...

http://twitter.com/bluebelldata