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January 12, 2011

Place Profits – Review Summary

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Place Profits Review Summary

place profits review Place Profits Review SummaryVerdict = Passed

Rating:       star Place Profits Review Summarystar Place Profits Review Summary halfstar Place Profits Review Summaryblankstar Place Profits Review Summaryblankstar Place Profits Review Summary

Hi Bloggers

Apologies for the late summary of the place profits review.

Place Profits is a horse racing tipster service backing horses in the Place Market on Betfair. The service costs £37.97 per month and includes selections to be backed at SPs of shorter than 6/1 (Place Profits 1) and shorter than 7/2 (Place Profits 2).
Potential selections are received by e-mail every day and are also available on a members web page. The one aspect of Place Profits that can be very frustrating is the SP rule. There were many occasions during the trial when advised selections went off at a longer price than the 6/1 and 7/2 rules which then went on to win or be placed.
The author maintains this rule is there to prevent long losing runs but in my opinion, backing horses should be more about identifying value in the market based on the probability of the horse being placed rather than placing so much emphasis on the SP.
Indeed, many of the SP non qualifiers were placed at SPs of 7/1 upwards and included a 28/1 outright winner. I did ask the author for past records of his selections and SPs as I wanted to see whether backing the horse to place at any SP would have resulted in a better or worse points profit for the trial period. Despite several requests, this information was not made available and the latest reason given this week was that he had lost his records during an office move!
The Place Profits sales page claims a strike rate of over 65% but during the trial the strike rate was 59% with 153 winning bets from 258 qualifiers.
Having said all this, the service did make a profit during the three month trial period. Place Profits 1 made + 8.47 points and Place Profits 2 made + 3.48 points, a combined profit of 11.95 points net of 5% Betfair commission, using Betfair SPs.
Even so, an average 4 points profit per month during the trial period is not much to shout about and would require stakes of £10 per bet just to break even. Many qualifiers were favourites or second favourites with very short prices around 1.50 or shorter which held profits back.
Strike Rate: 59.3%   (153/258)
Cumulative P/L:  +   8.47 points  (Place Profits 1)

Cumulative P/L:  +   3.48 points  (Place Profits 2)

Combined P/L:     +  11.95 points

In summary, I recommend Place Profits is placed in the PASSED category as it did make a net profit during the trial but only with the minimum 2.5 stars as the net gain was not that impressive.

Cheers

Sgt Jon – place profits review

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Written by Sgt Jon on Jan 12th, 2011. Comment. #

Passed 5/5 Stars

Passed 4.5/5 Stars

December 23, 2010

Place Profits Review – Day 84

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Place Profits Review – Day 84

Hi Bloggers

Wednesday 22nd December

This is the final day of the extended review and it was good to end with a profit on
the day. Five winning bets from seven qualifiers plus a couple of disqualified selections
that were placed at longer odds than the maximum SPs permitted!

I never received the results summary requested from Lee O’Hare, despite several
requests, so will write up a summary of the service based on my bets in the next few
days after Christmas.

P/L   + 1.68 points

Cumulative P/L:  +   8.47 points  (Place Profits 1)

Cumulative P/L:  +   3.48 points  (Place Profits 2)

[Click Here to see the sales page for Place Profits...]

Cheers
SOCO Jon

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Written by Sgt Jon on Dec 23rd, 2010. 1 Comment. #

Passed 5/5 Stars

Passed 4.5/5 Stars

December 21, 2010

Place Profits Review – Day 83

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Place Profits Review – Day 83

Hi Bloggers

No racing and therefore no selections for Sunday 19th and Monday 20th December.

Tuesday 21st December

Just one winner from three qualifiers today resulted in a loss. Once again the SP rule
cancelled a selection that went on to be placed at SP 12/1. GRRRRRHHH!!!

P/L   – 1.90 points

Cumulative P/L:  +   7.49 points  (Place Profits 1)

Cumulative P/L:  +   2.78 points  (Place Profits 2)

[Click Here to see the sales page for Place Profits...]

Cheers
SOCO Jon

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Written by Sgt Jon on Dec 21st, 2010. Comment. #

Passed 5/5 Stars

Passed 4.5/5 Stars

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