Sports Betting Professor
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Important Notice
PLEASE NOTE OUR TRIAL RAN MOSTLY IN THE OTHER SPORTS NBA AND NFL AND THESE ARE THE SPORTS TIPS THAT PASSED THE LONG TRIAL
It should be noted that SBP passed a 102 day live review back in March 2010. You can see by reading this review that Shaun tested NBA and NFL which made a decent profit. We will revisit a review for SBP in the next months ahead so advice for people contemplating buying now is, read up on the comment section here to make your decision because we do not know independantly how well it has been going since our Live trial.
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Hi all, this will be my last update as I think we have proven beyond a shadow of a doubt SBP knows his stuff.
Thanks to James once again for the chance to review SBP.
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After over 30 years investing on sports I finally got a real insight to how the pros work and my betfair a/c is also very grateful.
Apologies for not being able to update on a weekly basis.
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Here is a summary
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February
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There were a total of 17 system wins which would have realised approx $1700 profit.
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Counting all bets the month stands at 30-11 (73.1%).
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Adding that to the total…
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Upto Day 73 = +$2255
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Day 74 – 102 = +$1700
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=$3955 Profit
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So After 102 Days Trialing Richard Allens Sport Betting Professor, we have deemed his service to have passed the trial with flying colours.
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I do though need to point out that folk do not misinteprite this is sports betting professor and not sports betting champ.
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Happy punting everyone and don’t forget to get a review before wasting your hard earned cash.
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Best Regards
Shaun
Thanks for the info Gibbons.
LF – I’d agree that risk management is very important, and the SBP may well one day be classed as one of the unscrupulous sellers, but to be fair, his system *is* profitable to level stakes as well as the progression system mentioned already.
I’ve criticised his use of a Martingale variant more than once, but, to be fair, the staking does accept a loss after a small number of bets, so it’s not as bad as a true Martingale system. If I was flat betting this, I’d use a much bigger base stake than I would if I used the staking plan.
I’m seriously underwhelmed with the service I have (not) received.
I signed up for one month’s subscription with the intention of buying the system (at $147, or whatever), if it lived up to the test results. As it wasn’t doing too well, to make sure I didn’t forget and get caught paying for another month, I cancelled the subscription. I did this expecting to receive the picks for the full month that I had subscribed for.
As soon as I cancelled I stopped receiving the picks. I emailed Rich ALlen to point out that, as I have subscribed for one month I am (legally) entitled to one month’s picks and it’s irrelevant that I cancelled. I also pointed out that if during the month the service turned profitable I would buy the ebook.
So far I have not had the courtesy of a reply. Poor service and a poor way to run a business, imo.
I just received a link to the new horse racing “system” from the Sportsbetting Professor who now calls himself the Horse Betting Professor.
As I expected, there is zero documentation that this works and nothing but assertions. The examples given prove nothing but that it was done in hindsight.
Horsebettingprofessor.com
As always we will review this one for at least 56 days. I am contacting people right now to get started with the review.
From the top of the page at Horsebettingprofessor.com, right underneath a picture of a hot woman holding a few 100 dollar notes:
“”Famous Sportsbook Killer Rich Allen Has Set His Sights On Another Victim: Horse Tracks. With Scientific Precision, He Has Turned Their Crooked Odds Against Them & Consistently Racks Up Easy Winnings!!”
I have been thrashing bookies for years but when I sat down and analyzed the data, I found something surprising – Beating horse tracks is much easier than beating sportsbooks. (No Sports Knowledge Or Betting Experience Needed!)
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At about this point I get the familiar sinking feeling in my stomach. Slick sales page, the usual ad phrases (Scientific Precision, Easy Winnings, No … Experience Needed, etc). As always I am looking forward to the trial but I fear that I know what the outcome will be with 99% accuracy.
So True LF, the sales pitch is as slick as they come.
The problem with slick marketing is that it usually is an attempt to promote a marginal or losing system.
I have been a professional handicapper for 13 years, and have bet horses based on advanced research since 1971 (ya I’m old). I signed up for the picks only and got my first set today for Belmont. I examined the Daily Racing Form and without knowing the criteria Allen uses to handicap races, I could not see one of his picks that I would agree with. Now the proof (for me) is how his “system” performs over at least 300 races which statistically is a big enough sample size to ascertain if it is profitable. I hope it’s profitable- time will tell.
Horsebetting Professor statistics: 3 days of racing completed with 46 races. You bet the KEY horse to win and place. You have had 19 horses win or place out of 46 races for a poor strike % of 41.3%. It is poor because the average odds on the KEY horses that have won or placed is about 4-1. As a result so far, this is a losing proposition.
Assuming you were betting $20 each to win and place, you have a loss of $689.00 so far. Now the sample size is only 46 races, but from what I have observed so far, Allen will need to get in the money far more than he has the past three days to turn any kind of profit.
Thanks for the update Michael. I’ve been keen to know how HBP had started as I couldnt find anything online with the early results.
@ Michael Gibbons:
You mean 4/1 ON, or 1.25 in decimal? I assume that’s what you mean otherwise backing 4/1 (5.0) shots with a 41% SR would be a licence to print money! It would be no surprise to see a betting system based on very short odds – luckless buyers win most of their bets, and I think that is what most look for – winning frequency rather than the odds needed to win long term.
41% is combined for win and place at about 4-1 odds in the US. I should have stated the stats as the winning % on all bets to win. If we do that, there has only been 5 winning horses out of 41 races (12.1%) and 15 horses that have placed (36.5%). This is not anywhere near profitable, as witnessed by the parameters (bet $20 each to win and place) that would cause you to be down $689.00 so far.
Variance in statistics can cause this “system” to be an early winner or loser that is independent of the efficacy or profitability of the method. In other words, until we get a lot more races, it is hard to draw any conclusion. I have an open mind, but I use hard statistics to analyze any betting system.
@ Michael Gibbons
Thanks for clearing that up, I had that totally wrong. 12% SR @ 4/1 is horrible. Would love to see a statistically significant sample and see whether or not it would become a great lay system, hehe.
Results through Saturday 6/5:
90 races 12 win 31 place
% that won race: 13.3%
% that placed: 34.4%
If one is betting $20.00 to win and $20.00 to place, you have risked $3600.00 and your return is $2819.00 for a -$781.00. So over four days of racing, you are averaging a loss of $195.25 per day.
Sample size is still way too small, but from the results I have seen so far, the % of horses that finished first, second or third (playing to show is not part of system) is not big enough to generate a profit. In other words, we don’t have enough horses in the money at high enough odds to produce a profit over the long run.
Results through Sunday 6/6:
110 races 14 win 36 place
% that won race: 12.7%
% that placed: 32.7%
At Hollywood Park on Sunday, you did not cash a ticket. Monmouth was a little better, but you still lost money at that track.
So Allen’’s system has had five (5) racing days, and if you were betting $20.00 each to win and place, you are -$1145.00 or -$229.00 per day.
Amazing how the walk-forward results are not profitable while when you visit his site he claims to have discovered the Holy Grail of horse racing.
Hmmmm…………
i got this system a few weeks ago just before you started testing it which is just my luck and due to one reason or another have only now just started to try it out. as i live in australia i have a lot of trouble with systems due to the time difference and this one is no different. it’s not until you get the e-book that it mentions you have to check on track odds now and again which is out of the question for me. i can only get on betfair for a win and place the night before which is way to early.i was with the s.b.p’s picks for nba,ncaab and mlb but missed half the games for the same reason.it wasn’t travelling to well anyway maybe because i caught the college games, so i got a refund. the picks are not going to well so far by the look of it but let’ see how it goes.
Results through 6/9:
120 races/6 days
14 win
37 place
% that won race= 11.6%
average odds on winners about 7:2
As of this date, this is clearly a losing system. In fact, if you were betting $20.00 each to win and place, you would be -$1485.00 or -$247.50 a day
over the past six racing days.
Important Notice
It should be noted that SBP passed a 102 day live review back in March. You can see by reading that review that Shaun tested NBA and NFL which made a decent profit. We will revisit a review for SBP in the next months ahead so advice for people contemplating buying now is, read up on the comment section here to make your decision because we do not know independantly how well it has been going since our Live trial.
A revisit is fine, but it will be months from now as you need new seasons to start. The NFL is over and there is one final bet in the NBA tonight. You will have to wait until 2011 to test the NFL, and well into 2011 for the NBA as well.
My comments are not about the NFL and the NBA, although chase systems will not work in the long run (and often the short run). Baseball is losing, and College Basketball was also a loser which was introduced in early 2010.
Horse racing so far has been a disaster- including today’s selections, there have been 137 races with just 15 horses that finished first (10.9%), and 40 horses that placed with an average odds of 7-2. If you had bet $20 each to win and place over the 7 racing days, you are down $1818.00.
Ouch!
Hi Mike, I appreciate your posts I really do but you post your opinion as if they are fact and a disclaimer should be posted with your posts that this is your opinion of chase systems. Not all chase systems should be painted with the same brush. My personal opinion is that if a chase system has never lost then it should not be labeled. IF it shows serious signs of losing then yes that can be labeled a chase system that does not work. I personally am not favourable of chase systems but my opinion doesnt count, what counts is a proper fair test.
It would seem from users comments this one in particular is not proving to be having a great time “at the moment.” But this is why I would like to cover this tipster for 12 months. Because for over 3 months of the year he never put a foot wrong, which is why this is in the passed section based on that review.
Andrews has been sending me his Results sine he began and although I dont understand them fully here is the stats i can fathom.
MLB is 91 wins and 94 losses, down 0.12 units. Thats over the course of the whole season.
The record for NBA since March 1st (End of our review) is 40 wins and 31 losses on straight bets (56%).
The system in that time is 27 wins and 2 losses (+14 units)
Thanks to andrew for sending me his results since the end of the review.
Hi
For what it’s worth and this is of course my personal opinion.ANY system should be followed or backchecked via results over 1 full year.
3 months is no time at all in which to gauge the long term profitability of a system.
This site is good in that the reviews are done over a 3 month period (most review sites are only one month which is stupid) but even 3 months is way too short and many things can go wrong after this period,Which is obviously what is happening here.
I agree Steve. But testing for that long is impractical for my reviewers. What I am trying to do here is let people get an insight before they buy and spend their betfair balances on stuff before, when they can get a general feel for the system or service following a review first. It will save people a lot of money i reckon. And my ultimate goal.
And of course I believe 1 month is stupid also even for the goals of mine above. 3 months has to be the minimum.
Comm Fitz
I have been bitten that many times in the past that if i don’t see at least 1 full years backcheckable results accompanying a system then i will not buy it irrespective of a 3 month review.
Just a personal thing,I have nothing against you or your site.You all do a great job
Hey guys, I stopped betting on both the MLB V1 & 2 a while back, just wondering for anyone still betting/monitoring the system, are you finding the MLB profitable? I’m actually hoping the V2.0 fails to break even so I can claim my refund, and have kept all the emails to do my own calculations if it’s a close call, and or rich tries to claim otherwise.
Just wondering how its going to date if anyone knows. Thanks in advance for any replies.
Hi Steve many others share your view and personally I have to see 6 – 9 months of proofed results personally to me.
But there is a massive crowd of system junkies that will not do what we do and it is those people I am trying to help here.
Interesting, looks like everyone has given upon this already.
Any updates on the MLB? I packed in both systems a long time ago, but would be interested to hear how they are going.
Looks like SBP is gearing up to release an “enhanced” NFL system. No doubt this will leave purchases of the original system with something that “isn’t as good” like the MLB…