Format System Racing Review
Format System Racing Review
Format Racing System
Martin Hill, the founder of the Format Racing Method (FR), is offering an ebook on his mathematically-based horse race backing system for a one-off payment of £67. The method, put simply, backs a selection of favourites in a race to win a fixed amount, determined by what Martin calls the ‘Risk Factor Figure’. Martin claims in his advert that this is the only system you will ever need and that it has enabled him to make consistent profits of over £25k per annum, a large claim indeed.
Format Racing is predicated on the fact that, statistically, 68% of these horses win their race, and therefore, can be backed with confidence. The system comes with its own Microsoft Excel calculation sheet and clear instructions when and when not to bet.
Martin makes clear that there are races which must be avoided, and in order to pick the top three favourites in each race, you will need to be at the computer shortly before the off, so this method is unsuitable for those who work away from a computer.
I’ll be tracking the Format Racing Method for the next 45 days and posting gains and losses each day. Bets will be made to a £10 stake.
What does the Format Racing method involve?
In a word, dutching: that is, backing more than one horse in a race, spreading the bet to give you more chance of finding the winner of that race. Most daily races can be bet on safely, but there are some types of races that Format Racing leaves well alone. All the rules of the system are clearly set out and able to be understood very quickly. This is Format Racing’s advantage.
However, a disadvantage to those unfortunates who cannot be at their computer immediately before a race is that it doesn’t work for them. Because the rules are to do with prices immediately prior to a race, you will need to be at the computer then. Correct prices are crucial to the success of Format Racing.
You will also need to open a Betfair account and also view the Racing Post online. Both of these are free to join, although Racing Post does have certain sections within it that have to be paid for.
Dutching would be a tricky matter but Martin has thought of this. With the Format Racing e-book comes an Excel spreadsheet which automatically calculates the bets required. More importantly it tells you quickly and easily when not to place bets, containing a built-in numerical risk factor.
The important question is: does Format Racing work?
I tested it rigorously for 64 days, working to the spreadsheet’s target of £10 per race and I’m afraid that Format Racing has not worked over this period. Working to Betfair’s BSP it is over £300 in debt.
There may be reasons for this poor performance; the Excel spreadsheet may have too many tight parameters for the bets, and/or the racing over the past two months has been particularly testing. But the central fact is that, on the basis of this review, Format Racing does not live up to the claims made by its inventor, Martin Hill. I cannot, therefore, recommend it to the general public.
