Hi, my name is Pedro and this is my first review for the SkyBlueKangaroo blog. I hope you will be patient with my English as I am Portugese.
Click Here To Visit The Racing Synergy Web Site
This review is about a software that finds discrepancies between the odds offered by the exchanges and the bookmaker, giving us the chance to win money without risk.
The software is very easy to install and comes with a manual in PDF with 18 pages written in a very accessible English, explaining all the interface, settings that you can adjust, and explaining all the options that you can use with the software (eg. Maximum Return, Free Back Bet, Equal Return Bet, Free Lay Bet and the Star Rating).
After installing the software we have to insert the licence that is provided to us by email after we have made the payment for the subscription.
You have five options of subscriptions: weekly, monthly, quarterly, semiannual, and for the entire year (the yearly option works out the cheapest).
When we open the software we have to login to our Betfair or Betdaq account. The software loads all the races for the day, then we select the races that we want the software to scan (this process is really fast). The software stops whenever it encounters any discrepancy between the bookmaker odds and the exchanges odds. Then we can choose how to take advantage of it, having a free back bet, an equal return bet, a free lay bet, or a maximum return bet.
The odds are changing all the time, so we need to be very quick taking these opportunities and we should scan the races frequently during the day to find other opportunities.
This software also has a rating system that tries to predict horses that are likely to shorten in price close to the off, giving from one to five stars to the horses (more stars, more likely is to shorten in price). With this option we are supposed to find good trading opportunities, but I did not have the chance to try this star rating system, since I was only testing the software in my lunch time and in the evenings.
Since the review was for a month, I’ve concentrated on the risk free betting options (free back bet, free lay bet and equal return) for 10 days each, leaving out the maximum return option. The author said that since the trial was for only one month, this option can be very profitable over time, but can be as well a real roller-coaster ride. Then it is better to take some conclusions only after several months of using this option.
For the purpose of this review, I used the following settings (click on image to enlarge):
- Target Bet Stake: £5
- Minimum Bet ROI %: 1% (I choosed this value, because I wanted to find the maximum possible opportunities).
- Minimum Rating (0-5): I choosed zero as this makes no difference except if you are using the Star Rating system.
- Maximum Lay Odds: 15 (I didnt want to have a huge liability in my exchange account, except if I had a huge bank. But I’ve noticed that the software finds a lot of opportunities a bigger prices).
- Minimum Lay Amount: Setted this at 4 times my Bet Stake to have so money available.
- Minimum Back Odds: 2.00
- Maximum Back Odds: 101.00
So, on to the review!
Day 1 to 10 – Free Back Bet
With this option you get a free back bet, where you win some money if the horse wins and lose nothing if the horse lose the race.
I’ve used the software to scan the races for free back bets at an average of 1 hour and half each day (I state for this review as an average time per day, because I work full-time and can only scan races a bit in the lunch time and in the evening, so I’ve added up the time and divided by the number of days).
In this days I’ve founded and placed 36 free back bets, of which 6 were winners and giving me a profit of £21.53 (I was using £5 back bet).
Day 11 to 20 – Equal Return Bet
An average of 1 hour and 15 minutes a day had been used to scan for equal return bets. I’ve made a profit of £19.60 with 61 equal return bets. Here you get an equal return, as the name says, regardless of whether the horse wins or lose the race.
Day 21 to 30 – Free Lay Bet
An average of 50 minutes per day using the software to find free lay bets. A profit of £16.52 with 44 free lay bets. During this option, I have used the software less than with the previous bets, because of many races being abandoned due to snow.
Final Conclusion
The e-mail support seems pretty good and fast, but probably you will not need it very often as the software is really easy to use. This software seems good value for money, but we need a good betting bank to use with it to see some considerable profits, since we need to have money distributed by several bookmakers. We have sometimes big liabilities at the exchange as we are laying very often at big odds and the withdraws can take a few hours or even days.
If you have a good betting bank I can only recommend this software.
Click Here To Visit The Racing Synergy Web Site
Further comments from the creators of Racing Synergy software:
Many thanks for taking the time to review the software. The review looks very good and fair – it is especially good to see this being used from the perspective of someone who is not a full-time punter and uses it in their lunch hour / evenings / weekends to make some extra cash.
With respect to the “Maximum Return” option (which as Pedro correctly points out cannot be evaluated fairly in 30 days) we have in the last week posted our own personal results from 2010 which you can see in detail on the web site.
See the full 2010 results of the Maximum Return option
I hope you agree the figures make interesting reading!
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