Profit Rocket – Final Review

So we come to the end of our review of the Profit Rocket system and, it has to be said, this has been a disappointment. Back in early January I had high hopes for this laying system, which seeks to oppose multiple horses in the same race.

But, the proof of the pudding is always in the consumption and, I’m afraid, this one failed to rise.

Let’s look at the figures:

Number of bets: 577

Winners: 104

Losers: 473

Lose %: 81.98%

Profit / loss: -€289.96 to a €10 per point stake

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The first thing to note is the huge number of bets. Over the course of 26 days (only 24 of which were betting days),we got through nearly six hundred trades, which is some serious punting activity!

Next, a strike rate of 80% is no good if you’re laying horses at 10/1, 14/1, 20/1 – even to liability. The fact is that the strike rate is no better than if the selections were randomly generated. [I'm not of course suggesting that they are randomly generated - rather that the loss is consistent with losses that might be expected from random selection.]

Now it should be said in the Profit Rocket’s defence that it had already earned its subscribers some good returns prior to the trial commencing. However, since 4th January, there have been a number of incidents that rang alarm bells here in the test lab.

Firstly, the service was not always available at the time it was supposed to be, which is an irritation if one has to be out / at work / etc. Moreover, the results were updated on an infrequent basis. Again, in mitigation, the author has been abroad and had problems with getting internet connectivity. But surely if you’re offering a professional service, you need to find a way to deal with that.

Secondly, and more alarming, was the sudden withdrawal of jumps racing selections on the basis that over a couple of months they’d shown a loss. Now my interpretation of the sales materials was that this system had been researched over a considerable period of time, and therefore the national hunt picks should return to the black in due course.

By removing them – almost on a whim – I’m afraid this service lost any remaining credibility it had with me.

Finally, there was a worrying trend towards bigger stakes at the end of the trial period, which gave me the feeling that losses were being chased. This is extremely dangerous, and also amateurish if indeed that was the case.

Verdict:

Too many selections; not reliable service delivery; withdrawal of part of the service part way through.

Very disappointing, and not recommended.

Matt

Full results below:

Posted by Matt on February 1, 2010. Filed under System Reviews. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.