Hello

My name is Paul Beaumont and I have been running the Beaumont bets service now for just over eight months. I must confess I have learned a great deal in that time. Whilst I have been happily making money at this for the past year and a half, it’s amazing the difference between doing something simply for yourself and providing information to other people.

There were two major stumbling blocks that I simply hadn’t considered beforehand, I have to admit. As I have been doing this for some time I was pretty used to the wild swings one way or the other (i.e. win 30 points one day, lose 30 points another day) but I have learned that this is unsettling for a lot of people. I therefore introduced a “safety mechanism” that cuts out the large variations one way or another. This has also enabled me to dramatically reduce the amount of points required in the bank to operate this. Originally a 200 point bank was required but with this new variation a bank of 80 points is perfectly sufficient, if not overly so.

The second problem was to do with the price obtained from bookmakers. What I originally did was to spend two hours selecting the horses and backing them at the prices available to me at the time. After I had completed this I then posted the selections to members. The problem arose that people were not obtaining the prices that I had obtained because they were placing their bets two hours later than I was. The result of this was that there were many days when I was showing a profit but the recipients of the selections were not.

After considerable thought and experimentation I was able finally to get around this problem. Instead of posting the selections once a day now, I actually send them in two or three separate groups, the first of them being sent around 11 o’clock with the following two approximately an hour later respectively. This means that people are now able to place their bets within 15 to 45 minutes of the time at which I place mine. As a result there is now a dramatic difference in the prices obtained with a corresponding difference in the profit achieved.

Since September 25th this has improved further as I am now able to enter my selections on Google Docs as I place my bets. This means those with the link to this page are able to place bets within seconds of mine and before any alteration in the odds at all in the vast majority of cases.

I have to be honest though and tell you that this will still not be for everyone. It won’t make you rich quick, it won’t give you much of an adrenaline rush, I’m afraid. This will only suit people like myself who are prepared to spend about one or two hours per day grinding money out of the bookmakers.

In terms of growth of the bank, I am looking for about 30% per month (24 points on an 80 point bank). The first 5 months have far exceeded this for most people receiving my selections but I believe in being conservative in all estimates. Some months it might only be 20% other months 40% but as long as it averages 30% overall I will be perfectly happy. My aim is to turn, for example, someone’s £500 starting bank into something that will provide an income of approximately £1500 per month in about eight months. A starting bank of £200 will probably take a year to achieve that. I want to stress again that I’m not talking about making you rich, there will be limitations on the amount of money you can place as bets, the ceiling probably being about £50.

So what do I do under the new regime? It is simply this:

I place my bets using an odds comparison site, Easyodds, with bookmakers (not Betfair). I take the best price available. If there is a choice available I will choose a  bookie offering best odds guaranteed whenever possible.

I then instruct a bot I use, The Bet Engine, (Grey Horse Bot also does this) to lay a stake of 75% of my back stake with Betfair five seconds before the race starts at whatever the odds are at the time. I could do this manually at the time but it’s easier with a bot. I have written a little instruction booklet on how to do this using The Bet Engine at the top of the FAQ page.

For example, if my back stake is £10, my lay stake is £7.50.

I simply place those two bets, that is all I do.

The reasoning is this:

If a horse is backed in and wins we gain twofold, we have a 25% winning back bet plus we also pick up points because we backed the horse at a higher price than we laid it.

If a horse drifts and wins although we backed it at a lower price than we laid it, and therefore have a liability, we also have a 25% winning bet on the horse anyway to mitigate that.

If a horse loses we only lose one quarter of a point.

It is because the loss element is so drastically reduced that this can be comfortably operated with an 80 point bank rather than a 200 point one.

Update April 2012

I have been trialling a variation of my back/lay 75% method since the beginning of March. I am very pleased with the results and I now combine the two variations. I explain what the new method is on a new page and also give an example on the FAQ page.

The service costs £79 per month for full access, or £40 per month for weekends only. We offer a full, no quibble, money back guarantee on your first month of service, as we know this won’t suit everyone.

Regards

Paul Beaumont