Lay Bet Dominator – Final Review
Sgt Colin reviews Lay Bet Dominator
Hi, Sgt Colin here, with the final review of the Lay Bet Dominator service, a straightforward horseracing tipping service which selects horses to lay on the betting exchanges. Part of the Steve Davidson stable of services, this is intended as a low liability service, and selections must have odds at 3.0 or below for bets to be placed. The selections are provided by e-mail (usually the previous day to racing) and on a members only website, where the results are also published.
The Lay Bet Dominator service currently costs £35 per month, or £90 per quarter, or £175 for 6 months (with 1 month added on!).
The website suggested 3 potential staking plans;
a) fixed liabilities, whereby whatever the odds the liability remains the same on each bet in £ terms.
b) % liabilities, whereby the liability on each bet is a fixed % of the betting bank
c) fixed stakes, where the profit target for each bet remains the same in £ terms. Thus the higher the odds, the higher the liability.
I reviewed Lay Bet Dominator for 58 days, using Betfair SP as the odds. For each of the 3 staking plans, I started with a 100 point bank and staked 5 points (Plan a), 5% of the bank (Plan b) and aimed for 5 points profit (Plan c).
We ended with a loss overall using each of the staking plans, and therefore we have to classify this as a failed trial.
Fixed Liabilities: Final Bank 87.4 points – Loss 12.6 points from 410 points staked
% liabilities: Final bank 81.0 points – Loss 19 points from 349 points staked.
Fixed stakes: Final bank 72.4 points – Loss 27.6 points from 555 points staked.
We ended with 45 winning lays out of 82 selections (55% hit rate), not enough when the average lay odds were 2.3.
The review was virtually scuppered in the first 10 days, when after an initial winner we recorded 8 consecutive losing bets, and we had 12 losing bets out of the first 15 to effectively halve our bank. The results improved from there, and we had almost achieved breakeven over the trial with a week to go, only to slip back into losses again.
Strangely, had we laid all of the selections (ignoring the odds limit of 3.0) we would have been profitable during the trial.
Ease of Use
It couldn’t be much easier, as long as you have a Betfair account. Receive the selections, place an SP bet using the odds limit function, which is well explained on the website, and wait!
This was quite excellent – emails were received promptly. The website was updated swiftly too, was secure, gave accurate results with no fudging / lame excuses etc. First class I think.
The review has to be classified as a FAILED service as we lost money during the trial period, due to a dreadful start. A pity because the customer service was excellent and the service was easy to use.