Form Labs

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Form Labs – Final Review Summary

 

FormLabs Form Labs   Final Reviewattention Form Labs   Final Review
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08/05/2012

Rich Reviews Form Labs

Rating 3.5 stars Form Labs   Final Review

I won’t repeat too much from the Intro – you can read it here:

http://www.bettingsystemtruths.com/introduction/2012/02/12/form-labs-introduction/

And a full software review is here:

http://www.bettingsystemtruths.com/introduction/2011/11/15/form-labs-software-review/

Briefly, this is a software database that uses past results to find bets for upcoming fixtures. I have run a test system for each of the three available versions of the software. Remember these are just example systems using the Form Labs software. You could develop whatever system you wanted.

The software is available in three versions:

For Form Labs Lite, I tested the “Game Notes” of the software – this  led to one bet per match which I believe any user could also find. As a sub-test of this system, I also noted any 2.5 goal bets because these are reported historically to have shown a profit on the Form Labs sales page (Serie A Under 2.5 goals; La Liga Over & Under 2.5 goals; Premiership Over & Under 2.5 goals; Bundesliga Under 2.5 goals)

Form Labs Lite costs £25 a month or £225 for 12 months after your initial FREE 28 days.

 

For Form Labs Pro I tested one particular in-play query. There are an almost infinite number of possible queries you could ask the software database. The Pro version allows for in-play queries – no limit to your queries. In order to test a system that you, the reader, can replicate, I tested a half-time query, where I entered the half-time match situation and chose as my bet, a “value” bet that is indicated, given the half-time situation. So I called this strategy “Half-time in-play query”.

Form Labs Pro costs £45 a month or £395 for 12 months after your initial FREE 28 days.

 

For Form Labs Black I tested the “live logic” feature. Again there are many, many ways you could use the software. To make it possible for our readers to copy I consulted the Live Logic at the 60th minute of the match and placed a bet based upon the statistical prediction given at that time.

Form Labs Black costs £150 a month, £300 a quarter or £1,000 for 12 months after your initial FREE 28 days.

By the way, I also said in the Intro that I would report the results from the Daily Reports, available in the “Lite” version. Unfortunately the April results are not yet posted up on the software. So I’ll report the last three posted months.

Stake    Profit   ROI

Jan 2012          94.5     2.42     2.56

Feb 2012         117.5   7.42     6.31

Mar 2012         120.49 1.25     1.04

These results are below the average since July 2010 which has a total ROI of 9.55. But nevertheless it shows a profit, and profit is profit!

So how did I do with my three systems?

Here are the bald final figures. I have to say that instinctively I thought it was a mistake to continue the testing after about week 8. The last few weeks of the major leagues are very unpredictable – too many teams have nothing to lose or nothing to play for and form becomes much more unpredictable (as it does at the start of the season). This was born out with the results. Obviously past form becomes less important as the season ends. So I wasn’t surprised when the results dipped after week 8.

All results are to £10 level stakes.

Summary of Results:

“Game Notes” (Lite Version)

Start Bank: £100

Total Trial P/L: £159.14

Final Balance: £259.14

362 bets 140 losers Strike Rate: 61.3%

FLBLite Form Labs   Final Review

 



“Half-Time In-Play” (Pro Version)

Start Bank: £100

Total Trial P/L: £52.03

Final Balance: £152.03

131 bets 38 losers Strike Rate: 70.9%

FLBPro Form Labs   Final Review


“60 Minute Live Logic” (Black Version)

Start Bank: £100

Total Trial P/L: £160.41

Final Balance: £260.41

75 bets 24 losers Strike Rate: 68%

FLBBlack Form Labs   Final Review


Interestingly the results for Form Labs Black held up in the final weeks – which makes sense, as it is based upon what is actually happening in the match at the 60 minute mark. So the end-of-season blues don’t seem have had such an effect.

It is obvious that I would need more skill for the half-time queries to be more profitable. This emphasises the fact that how you read the software is vital.

The Game Notes interpretation is easier. Before the end-of-season period of unpredictability it was regularly profitable. The 2.5 goals selections were doing OK until the last 2 or 3 weeks, probably for the reason above.

Much more interesting is the application of a simple filter to the Game Notes selections. And that is to simply only take the selected bet if the odds are less than 2.0. Throughout the review usng this filter has been more profitable than taking all the selections and much better than taking only the 2.5 goal selections. The profitability of this filter has even held up during the end of season weeks. It went slightly down after the high of week 8, but not drastically so.

FormLabs Form Labs   Final Review

So the recommendation is to take the obvious bet from the game notes and only back it if the odds are under 2.0.

The “Game Notes” are available whichever version you subscribe to. I would recommend using them after the first three or four games of the new season, when form is established and stop using them in the final three or four weeks of the season. Furthermore, to only bet on the suggested bet if the odds are below 2.0 (and I never went lower than 1.33). Further experimentation would be needed to use the in-play queries of the Pro version (but you could paper trade your experiments while you profited on the Game Notes). The “Live Logic” predictions at the 60-minute mark seem to be conclusively profitable. There are also many more features included in the “Black” version of the software.

With such a vast amount of data available, it is hardly surprising that some of my experimental systems were less profitable. But my aim in this review was to see if one could make a profit using the software. I think this has been conclusively proved.

Rating 3.5 stars Form Labs   Final Review

See the sales page that compares all the three versions of Form Labs here…

P.S. I think this is the last review that I will be doing – I hope my reviews and the newsletters have helped some of you make a profit from your betting. Cheers!

Rich Reviewing Form Labs

Written by on . Comment#

Passed 5/5 Stars

Passed 4.5/5 Stars

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Form Labs – Week 12

07/05/2012

Rich Reviews Form Labs

Remember these are just example systems using the FormLabs software. You could develop whatever system you wanted.

Briefly, this is a software database that uses past results to find bets for upcoming fixtures. I am running a test system for each of the three available versions.

The results I give are for “Game Notes” (Lite Version); “Half-Time In-Play” (Pro Version); “60 Minute Live Logic” (Black Version). All results are to Betfair odds available at the time, with 5% Commission deducted. I have a starting bank for each system of £100 and £10 stakes. For Lay bets my liability is approximately £10.

Game Notes, another losing week as the poor end of the season form continues to eat into our profit. The matches marked with an asterix * denote selections that fit the 2.5 goal system described on the Form Labs sales pages. I’ll summarise them at the end of the review.

Form Labs Lite Game Notes Week 12 £100 Start
Date Match Bet Odds Stake P/L Net Balance
05/05/12 £0.00 £263.06
*Arsenal Over 2.5 1.41 £10.00 £4.10 £3.90 £266.96
B Dortmund H/FT H/H 1.88 £10.00 £8.80 £8.36 £275.32
Koln HT Away 2.16 £10.00 £11.60 £11.02 £286.34
*Gijon Under 2.5 2.20 £10.00 -£10.00 -£10.00 £276.34
Mallorca Home Score First 1.59 £10.00 £5.90 £5.61 £281.94
Lecce Draw 3.40 £10.00 -£10.00 -£10.00 £271.94
Day Total £8.88 £271.94
06/05/12 Newcastle Home Win 4.90 £10.00 -£10.00 -£10.00 £261.94
Bologna Away Score First 1.52 £10.00 -£10.00 -£10.00 £251.94
Udinese Home Score First 1.47 £10.00 £4.70 £4.47 £256.41
Mun U Clean Sheet 1.99 £10.00 £9.90 £9.41 £265.81
Cagliari Away Score First 1.35 £10.00 £3.50 £3.33 £269.14
AC Milan Away Score First 1.72 £10.00 -£10.00 -£10.00 £259.14
Day Total -£12.81 £259.14

Half-Time In-Play: I wasn’t about much this week to do half-times.


60 Minute Live Logic: I wasn’t about much this week to do 60 minute bets.

Summary of Results:

“Game Notes” (Lite Version)

Start Bank: £100

This week’s P/L: -£3.92

Running Balance: £259.14

“Half-Time In-Play” (Pro Version)

Start Bank: £100

This week’s P/L: £0.00

Running Balance: £152.03

“60 Minute Live Logic” (Black Version)

Start Bank: £100

This week’s P/L: £0.00

Running Balance: £260.41

See the sales page that compares all the three versions of Form Labs here…

Final Review to follow shortly.

Rich Reviewing Form Labs

Written by on . Comment#

Passed 5/5 Stars

Passed 4.5/5 Stars

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Form Labs – Week 11

03/05/2012

Rich Reviews Form Labs

Remember these are just example systems using the FormLabs software. You could develop whatever system you wanted.

Briefly, this is a software database that uses past results to find bets for upcoming fixtures. I am running a test system for each of the three available versions.

The results I give are for “Game Notes” (Lite Version); “Half-Time In-Play” (Pro Version); “60 Minute Live Logic” (Black Version). All results are to Betfair odds available at the time, with 5% Commission deducted. I have a starting bank for each system of £100 and £10 stakes. For Lay bets my liability is approximately £10.

Game Notes, another bad week. I think it is far too near the end of the season to be betting on past form. The matches marked with an asterix * denote selections that fit the 2.5 goal system described on the Form Labs sales pages. I’ll summarise them at the end of the review.

Form Labs Lite
Game Notes
Week 11

£100 Start
Date Match Bet Odds Stake P/L Net Balance
27/04/12




£0.00 £300.65

Toulouse Under 2.5 1.66 £10.00 £6.60 £6.27 £306.92

Lorient Under 2.5 1.82 £10.00 -£10.00 -£10.00 £296.92

Groningen Home Win 1.55 £10.00 -£10.00 -£10.00 £286.92

Sp Braga HT Home Win 1.73 £10.00 £7.30 £6.94 £293.86





Day Total -£6.80 £293.86
28/04/12 *Stoke Over 2.5 2.04 £10.00 -£10.00 -£10.00 £283.86

Sunderland HT Draw 2.32 £10.00 £13.20 £12.54 £296.40

*WBA Over 2.5 2.04 £10.00 -£10.00 -£10.00 £286.40

Wigan Away Win 2.64 £10.00 -£10.00 -£10.00 £276.40

Cagliari Home Score First 1.91 £10.00 -£10.00 -£10.00 £266.40

Palermo HT Home Win 3.00 £10.00 -£10.00 -£10.00 £256.40

Levante Home Score First 1.70 £10.00 -£10.00 -£10.00 £246.40

Roma Home Win 2.72 £10.00 -£10.00 -£10.00 £236.40

Villarreal HT Home Win 2.42 £10.00 £14.20 £13.49 £249.89





Day Total -£43.97 £249.89
29/04/12 Chelsea Home Win 1.49 £10.00 £4.90 £4.66 £254.54

*Lecce Under 2.5 2.06 £10.00 -£10.00 -£10.00 £244.54

Novara Away Score First 1.31 £10.00 £3.10 £2.95 £247.49

*Siena Under 2.5 1.90 £10.00 -£10.00 -£10.00 £237.49

*Spurs Over 2.5 1.48 £10.00 -£10.00 -£10.00 £227.49





Day Total -£22.40 £227.49
30/04/12 Man City Home Win 2.16 £10.00 £11.60 £11.02 £238.51

Sporting HT Home Win 1.98 £10.00 £9.80 £9.31 £247.82





Day Total £20.33 £247.82
02/05/12 Nordsjaelland Under 2.5 1.88 £10.00 £8.80 £8.36 £256.18

Ajaccio Under 2.5 1.91 £10.00 -£10.00 -£10.00 £246.18

Bordeaux Home Score First 1.82 £10.00 £8.20 £7.79 £253.97

Brest Under 2.5 1.60 £10.00 £6.00 £5.70 £259.67

Lyon HT Home Win 2.30 £10.00 -£10.00 -£10.00 £249.67

Nice Under 2.5 1.84 £10.00 £8.40 £7.98 £257.65

PSG Home Win 1.57 £10.00 £5.70 £5.42 £263.06





Day Total £15.25 £263.06

Half-Time In-Play: I wasn’t about much this week to do half-times, but this also made a loss.

Form Labs Pro
Half-Time In-Play
Week 11

£100 Start
Date Match Bet Odds Stake P/L Net Balance
27/04/12




£0.00 £166.83

Toulouse Away Win 1.50 £10.00 £5.00 £4.75 £171.58

Groningen Home Score Next 1.81 £10.00 -£10.00 -£10.00 £161.58

Lorient Home Win 1.48 £10.00 £4.80 £4.56 £166.14





Day Total -£0.69 £166.14
28/04/12 Roma Home Win 1.47 £10.00 -£10.00 -£10.00 £156.14

Villarreal Over 1.5 1.32 £10.00 £3.20 £3.04 £159.18





Day Total -£6.96 £159.18
29/04/12 Atalanta Over 1.5 1.30 £10.00 £3.00 £2.85 £162.03

Lecce Draw 2.30 £10.00 -£10.00 -£10.00 £152.03





Day Total -£7.15 £152.03

60 Minute Live Logic: A profitable week.

Form Labs Black
60′ Live Logic
Week 11
£100 Start
Date Match Bet Odds Stake P/L Net Balance
27/04/12




£0.00 £229.30

Toulouse Under 1.5 2.04 £10.00 £10.40 £9.88 £239.18

Lorient Over 2.5 1.89 £10.00 £8.90 £8.46 £247.64

Braga Home Score Next 1.78 £10.00 -£10.00 -£10.00 £237.64





Day Total £8.34 £237.64
28/04/12 Roma Draw 2.34 £10.00 £13.40 £12.73 £250.37

Villarreal Under 2.5 1.39 £10.00 £3.90 £3.71 £254.07





Day Total £16.44 £254.07
29/04/12 Lecce Lay Home Score Next 2.50 £6.67 £6.67 £6.34 £260.41





Day Total £6.34 £260.41

Summary of Results:

“Game Notes” (Lite Version)

Start Bank: £100

This week’s P/L: -£37.59

Running Balance: £263.06

“Half-Time In-Play” (Pro Version)

Start Bank: £100

This week’s P/L: -£14.80

Running Balance: £152.03

“60 Minute Live Logic” (Black Version)

Start Bank: £100

This week’s P/L: £31.11

Running Balance: £260.41

See the sales page that compares all the three versions of Form Labs here…

Rich Reviewing Form Labs

Written by on . Comment#

Passed 5/5 Stars

Passed 4.5/5 Stars